A big announcement between the two companies led to exactly the responses you would expect from their shareholders.
New Delhi [India], May 13 (ANI): Indian Navy Chief Admiral Karambir Singh on Wednesday appealed to naval units to adopt village(s) to assist the local administration in the fight against COVID.
NEW YORK (AP) — A man suspected of shooting three bystanders in New York’s Times Square was arrested Wednesday in Florida, four days after the gunfire wounded people including a 4-year-old girl out toy shopping in the tourist haven known as "the “Crossroads of the World.” Farrakhan Muhammad was taken into custody while eating lunch in a McDonald's parking lot near Jacksonville, police said. “While there is no joy today, there is justice,” New York City Police Commissioner Dermot Shea said. Muhammad, 31, was listed Wednesday in an inmate database for the sheriff's office in Bradford County, Florida. Information on a lawyer who could speak on his behalf was not immediately available. Muhammad is suspected of wounding the three victims with stray bullets during a dispute in Times Square at about 5 p.m. Saturday. Wendy Magrinat, a 23-year-old tourist visiting from Rhode Island, was shot in the leg. A 43-year-old woman from New Jersey was shot in the foot. The 4-year-old girl, from Brooklyn, was also shot in the leg. Magrinat, who was in the city for a Mother's Day trip, told the Daily News she was screaming, "I don’t want to die, I don’t want to die, I have a 2-year-old,” after being hit by a bullet that will remain lodged in her leg for the rest of her life. Muhammad was apparently aiming for his brother, but investigators haven't yet pinpointed the motive, chief of detectives James Essig said. He said the brothers apparently both sold CDs in the Times Square area. Police released videos and photos of Muhammad and asked the public for help tracking him down. His family made a public plea for him to turn himself in. Officers identified Muhammad as a suspect within hours and soon realized he was heading south, Essig said. Video then captured Muhammad and a woman, believed to be his girlfriend, buying dog food and other supplies at a store in Fayetteville, North Carolina. Meanwhile, investigators realized he had connections to some addresses in Florida. A U.S. Marshals Service fugitive task force caught up with the two on Wednesday as they were eating in a car outside a McDonald's in Starke, Florida, police said. Two dogs were with the two. Muhammad had shaved off some of his hair, Essig said. The woman has not been arrested on any charges, but police noted their investigation was continuing. ___ Associated Press writers David Fischer in Miami and Jennifer Peltz in New York contributed to this report. Michael R. Sisak , The Associated Press
ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)
TORONTO, May 12, 2021 (GLOBE NEWSWIRE) -- All per share figures disclosed below are stated on a diluted basis. For the three months ended March 31 ($ in thousands, except per share amounts) 20212020 Net revenue $64,694 $49,901 Operating earnings 17,504 10,813 Net gains (losses) 41,971 (161,289)Net earnings (loss) attributable to shareholders 49,625 (136,368) Attributable to shareholders: EBITDA (1) $21,211 $14,370 Adjusted cash flow from operations (1) 18,492 13,320 Attributable to shareholders, per share: Net earnings (loss) $1.83 $(5.35)EBITDA (1) 0.78 0.53 Adjusted cash flow from operations (1) 0.68 0.49 As at 20212020 ($ in millions, except per share amounts) March 31December 31March 31 Assets under management $47,643 $45,984 $27,527 Assets under administration 28,680 22,289 18,152 Shareholders' equity 737 700 563 Securities 654 633 524 Per share: Shareholders' equity (1) $27.14 $25.69 $20.94 Securities (1) 24.05 23.23 19.50 The Company is reporting another set of record highs in both assets under management (“AUM”) and assets under administration (“AUA”) this quarter, for a total of $76.3 billion in total client assets. This growth was achieved while navigating through the challenging environment over the past year. The Company has continued the practice stated in its 2020 Annual Report, whereby it has not furloughed any employees as a result of the pandemic, nor has it accessed any government wage subsidies or support throughout this period. The Company’s AUM grew to $47.6 billion as at March 31, 2021, a 4% increase from $46.0 billion as at December 31, 2020, and a 73% increase from $27.5 billion as at March 31, 2020. The continued recovery in the global financial markets, the strong inflow of assets experienced by GuardCap Asset Management Limited (“GuardCap”), the UK-based investment management subsidiary, and the addition of assets through acquisitions drove the growth in AUM. The AUM managed by GuardCap has grown to $12.2 billion as at March 31, 2021, $1.5 billion growth since the beginning of the quarter, and tripling from the $4.0 billion reported at the end of 2019. The Company’s AUA grew to $28.7 billion as at March 31, 2021, a 29% increase from $22.3 billion as at December 31, 2020 and a 58% increase from $18.2 billion as at March 31, 2020. The acquisition of a Canadian wealth management business on March 1, 2021, which was subsequently renamed Guardian Partners Inc. (“GPI”) added $5.4 billion in total client assets, of which $5.1 billion is included in AUA and $0.3 billion in AUM. The Company is reporting Operating earnings of $17.5 million for the quarter ended March 31, 2021, 62% or $6.7 million higher than the $10.8 million reported in the first quarter of 2020. The significant growth experienced by the Company’s businesses was led by GuardCap, IDC Worldsource Insurance Network Inc., the MGA subsidiary and, to a lesser extent, the contributions from the businesses acquired over the past two quarters. The Net revenue for the current quarter grew to a historic high of $64.7 million, 30% or $14.8 million higher than the $49.9 million reported in the same quarter in the prior year. The increase reflects our successful organic growth in revenues since March 31, 2020, and to a lesser extent the addition of revenues from the acquired businesses. Expenses in the current quarter were $47.2 million, an $8.1 million increase from $39.1 million in the same quarter in the prior year. The higher expenses reflect the growth in our businesses, and the addition of $4.0 million in new expenses from the acquired businesses. The global equities markets continued to experience positive performance since the pandemic induced steep decline in the first quarter of 2020. As a result, the Company’s Net gains in the current quarter were $42.0 million, compared to Net losses of $161.3 million in the first quarter of 2020. As a result of the Net gains and Operating earnings described above, the Company's Net earnings attributable to shareholders in the current quarter were $49.6 million, compared to a Net loss of $136.4 million in the same quarter in 2020. EBITDA attributable to shareholders(1) for the current quarter was $21.2 million, compared to $14.4 million in the same period in the prior year. Adjusted cash flow from operations attributable to shareholders(1) for the current quarter was $18.5 million, compared to $13.3 million in the same quarter in the prior year. The increases of 47% and 38%, respectively, in these measures are reflective of the growth delivered by the Company’s operating businesses. The Company’s Shareholders’ equity as at March 31, 2021 increased to $737 million, or $27.14 per share(1), from $700 million, or $25.69 per share(1) as at December 31, 2020, and $563 million or $20.94 per share(1) as at March 31, 2020. The fair value of the Company’s Securities as at March 31, 2021 increased to $654 million, or $24.05 per share(1), from $633 million, or $23.23 per share(1) as at December 31, 2020 and $524 million or $19.50 per share(1) as at March 31, 2020. The Board of Directors has declared a quarterly eligible dividend of $0.18 per share, payable on July 19, 2021, to shareholders of record on July 12, 2021. The Company's financial results for the past eight quarters are summarized in the following table. Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019 As at ($ in millions) Assets under management$47,643 $45,984 $32,734 $31,196 $27,527 $31,147 $30,243 $30,088 Assets under administration 28,680 22,289 20,755 20,010 18,152 20,248 19,040 18,784 For the three months ended ($ in thousands) Net revenue$64,694 $63,724 $52,042 $50,124 $49,901 $49,865 $45,983 $45,963 Operating earnings 17,504 18,493 12,108 13,427 10,813 13,030 12,105 12,590 Net gains (losses) 41,971 80,983 35,739 43,254 (161,289) 24,140 (1,274) 7,957 Net earnings (loss) 50,861 87,083 42,652 51,244 (134,911) 31,808 8,952 17,601 Net earnings (loss) attributable to shareholders 49,625 86,039 42,201 50,486 (136,368) 30,787 8,275 16,838 Net earnings (loss) attributable to shareholders: Class A and Common per share (in $) Basic$1.95 $3.38 $1.66 $1.99 $(5.35)$1.20 $0.32 $0.65 Diluted 1.83 3.16 1.56 1.87 (5.35) 1.13 0.31 0.62 Dividends paid on Class A and Common shares (in $)$0.160 $0.160 $0.160 $0.160 $0.150 $0.150 $0.150 $0.150 As at Shareholders' equity ($ in thousands)$737,363 $699,610 $631,863 $596,265 $562,821 $682,777 $653,983 $647,983 Per Class A and Common share (1) (in $) Basic$29.02 $27.54 $24.80 $23.50 $22.18 $26.73 $25.49 $25.26 Diluted 27.14 25.75 23.25 22.07 20.94 25.01 23.93 23.73 Total Class A and Common shares outstanding (shares in thousands) 27,691 27,740 27,758 27,758 27,758 27,839 27,956 27,956 Guardian Capital Group Limited is a diversified financial services company founded in 1962. The Company is headquartered in Canada and has offices in the United Kingdom, the United States and the Caribbean. It provides institutional and high net worth investment management services to clients; financial services to international investors; and services to financial advisors in its national mutual fund dealer, securities dealer, and life insurance managing general agency. Its Common and Class A shares are listed on The Toronto Stock Exchange. For further information, contact: Donald YiChief Financial Officer(416) 350-3136George MavroudisPresident and Chief Executive Officer(416) 364-8341 (1) The Company's management uses EBITDA attributable to shareholders (formerly EBITDA), including the per share amount, Adjusted cash flow from operations attributable to shareholders (formerly Adjusted cash flow from operations), including the per share amount, Shareholders' equity per share and Securities per share to evaluate and assess the performance of its business. These measures do not have standardized measures under International Financial Reporting Standards ("IFRS"), and are therefore unlikely to be comparable to similar measures presented by other companies. However, management believes that most shareholders, creditors, other stakeholders and investment analysts prefer to include the use of these measures in analyzing the Company's results. The Company defines EBITDA as net earnings before interest, income taxes, amortization, stock-based compensation, net gains or losses, less amounts attributable to non-controlling interests. The Company defines Adjusted cash flow from operations attributable to shareholders (formerly Adjusted cash flow from operations) as net cash from operating activities, net of changes in non-cash working capital items and non-controlling interests. The most comparable IFRS measures are Net earnings, which were $50.9 million in 2021 (2020 - Net Loss $134.9 million), and Net cash from operating activities, which was $6.1 million in 2021 (2020 - $4.3 million). The per share amounts for EBITDA attributable to shareholders, Adjusted cash flow from operations attributable to shareholders, Shareholders' equity and Securities are calculated by dividing the amounts by diluted shares, which Is calculated in a manner similar to net earnings attributable to shareholders per share. More detailed descriptions of these non-IFRS measures are provided in the Company's Management's Discussions and Analysis, including a reconciliation of these measures to their most comparable IFRS measures.
Coinbase to Participate in Barclays Emerging Payments and Fintech Forum
The Mouser-sponsored No. 18 IndyCar will sport a sleek Mouser Blue livery for the second year in a row at the 2021 GMR Grand Prix on May 15.
John Teggart described as an ‘insult to families’ that Boris Johnson is said to have apologised in a call with Arlene Foster and Michelle O’Neill.
Wheaton Precious Metals Corp. ("Wheaton" or "the Company") announced today that the Company has filed a new prospectus supplement in connection with its existing at-the-market equity program ("ATM Program") that allows the Company to issue up to US$300 million (or the equivalent in Canadian dollars determined using the daily exchange rate posted by the Bank of Canada on the date of sale) of common shares ("Common Shares") from treasury to the public from time to time, at the Company's discretion and subject to regulatory requirements. Any Common Shares sold in the ATM Program will be sold (i) in ordinary brokers' transactions on the NYSE or another US marketplace on which the Common Shares are listed, quoted or otherwise trade, (ii) in ordinary brokers' transactions on the TSX, (iii) on another Canadian marketplace on which the Common Shares are listed, quoted or otherwise trade, or (iv) with respect to sales in the United States, at the prevailing market price, a price related to the prevailing market price or at negotiated prices. Since the Common Shares will be distributed at the prevailing market prices at the time of the sale or certain other prices, prices may vary among purchasers and during the period of distribution.
With the ouster of Liz Cheney, Trump's grip on the GOP seems to be tightening.
USA TODAY answers consumers' most asked questions regarding The Colonial Pipeline hack
President Biden faces growing pressure to help stem the violence as Israeli airstrikes killed dozens of Palestinians, Hamas rockets killed Israelis.
She previously compared her refusal to wear masks to Rosa Parks’ civil rights struggle.
Kids as young as 12 can now pre-register for a COVID-19 vaccination appointment through Nicklaus Children’s Hospital.
NEW YORK (AP) — Now that a judge has rejected the National Rifle Association’s bankruptcy bid, blocking its plan to reincorporate in Texas, the gun rights group is back to fighting New York regulators in a lawsuit that threatens to put it out of business. Harlin Hale, a federal bankruptcy judge in Dallas, dismissed the NRA's case on Tuesday. He ruled that the organization's leadership sought Chapter 11 protection in bad faith — without informing most of its 76-member board — and did so to gain an “unfair advantage” in its fight with New York Attorney General Letitia James. What does that mean for the NRA and America's long-running battle over guns? Here's a look at where things go from here. NEW YORK'S LAWSUIT GOES FORWARD Hale’s ruling dismissing the NRA’s case ensures that James’ lawsuit seeking the organization’s dissolution can continue unimpeded. James, a Democrat, said Tuesday that discovery is ongoing and that the case is expected to go to trial next year. “Today’s order reaffirms that the NRA does not get to dictate if and where it will answer for its actions,” James said. “The rot runs deep, which is why we will now refocus on and continue our case in New York court.” James sued the NRA in August 2020, alleging top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures. NRA chief Wayne LaPierre and three other people who have worked for the organization were also named as defendants. The NRA countersued James, alleging her actions were motivated by hostility toward its political advocacy, including her comments in 2018 that the NRA is a “terrorist organization.” That case is pending. In filing for bankruptcy protection in January, the NRA made clear it was seeking to escape regulatory oversight in New York, where it was charted as a nonprofit in 1871 and remains incorporated. James is the state’s chief law enforcement officer and has regulatory power over nonprofit organizations incorporated there. The NRA sought to “get all the litigation in a place where we’ve got an even shake,” board member Charles Cotton said at the time of the bankruptcy filing. Aside from putting the NRA out of business, James also wants LaPierre and the other defendants removed from its leadership, banned from serving on the boards of New York-based charities and ordered to pay full restitution and penalties for money they are accused of illegally spending. “Clearly the NRA is in need of oversight and reform, if not dissolution,” James said Tuesday. An NRA lawyer said it filed for bankruptcy in part because it feared New York's and other lawsuit would result in “death by 1,000 cuts.” Washington, D.C., Attorney General Karl Racine is suing the NRA’s foundation, seeking to have a court-appointed monitor supervise its finances. The organization is also embroiled in ongoing litigation with its former advertising agency. NRA CHIEF'S SELF-DEALING ALLEGATIONS James’ lawsuit highlights misspending and self-dealing claims that have in recent years plagued the NRA and LaPierre — from hair and makeup for his wife to a $17 million post-employment contract for himself. “There are individuals and officers who are using the NRA as their personal piggy bank and they need to be held accountable,” James told reporters on Tuesday. LaPierre, who's led the NRA’s day-to-day operations since 1991, is accused of spending millions of dollars on private travel and personal security, and accepting expensive gifts such as African safaris and use of a 107-foot (32-meter) yacht from vendors. The lawsuit said LaPierre, 71, spent NRA money on travel consultants, luxury car services and private jet flights for himself and his family, including more than $500,000 on eight trips to the Bahamas over a three-year span. LaPierre has defended some of his actions, testifying last month at the bankruptcy hearing that cruising the Bahamas on a yacht was a “security retreat” because he was facing threats in the wake of mass shootings. He conceded not reporting the trips on conflict-of-interest forms, which the New York’s lawsuit contends violated NRA policy, testifying: “It’s one of the mistakes I’ve made.” Phillip Journey, an NRA board member who's skeptical of LaPierre's leadership, said prosecutors could use the information revealed at trial to pursue a criminal case. At the least, testimony about the organization’s operations could be fresh ammunition for James’ lawsuit. “They were just waiting for all of these transcripts to be completed, all of these exhibits to be admitted," said Journey, a Kansas judge. “I figure they're going to go throw them in front of a grand jury and see what pops out.” NRA STILL HAS ITS SIGHTS SET ON TEXAS The NRA remains interested in moving to Texas and it has powerful allies in the Lone Star State who'd be happy to see it set up shop there. But doing so through another attempt at bankruptcy would be fraught with risk for the NRA's leadership, and James says she has the authority to block other efforts to abandon its New York incorporation. Hale dismissed the NRA’s case without prejudice, meaning the organization can refile — but he warned that a second bankruptcy petition would prompt him to take a hard look at the NRA's lawyers “unusual involvement” in the group's affairs. The judge wrote that the lawyers' actions raised concerns that the group couldn't fulfill its fiduciary duty, which he said might lead him to appoint a trustee to oversee it. That would hand the organization's reins to an outside official selected by the Biden administration's Justice Department. Hale also noted the NRA could still pursue other legal steps to incorporate in Texas, where the group claims to have about 400,000 of its 5 million members. Texas Gov. Greg Abbott, a Republican, said on Twitter that he looks forward to working with the NRA on the move. But neither Abbott's office, nor that of Texas Attorney General Ken Paxton, who's voiced support for the prospect in past, responded to questions about the NRA's possible path to Texas. Meanwhile, in New York, James said the NRA would need her approval to pull its incorporation from the state, and that seems unlikely. THE FUTURE OF THE NRA AND AMERICA'S GUN DEBATE Even as it filed for bankruptcy protection four months ago, the NRA claimed it was in “its strongest financial condition in years,” but the COVID-19 pandemic and mounting legal costs ongoing lawsuits have upended its financial standing. The organization, which in January reported total assets of about $203 million, liabilities of about $153 million, and $31 million in bank loans, said in court papers that it saw revenues drop about 7% because of the pandemic. To cut costs, it laid off dozens of employees, canceled its national convention and scuttled fundraising. Gun-control groups have seized on the NRA’s troubles and a recent spate of mass shootings as a prime opportunity to advance new legislation while one of their most powerful adversaries is tied up in court. Yet, the NRA has promised to “continue to fight on all fronts.” And even with Democrats in control of Congress and the White House, longtime observers of America's gun debates caution that the first major gun control legislation in more than two decades face barriers. “The fact that the NRA is a shadow of its former self doesn’t mean all of a sudden the nation’s gun-violence problem is going to solve itself,” said Adam Skaggs, chief counsel at the Giffords Law Center to Prevent Gun Violence. “Addressing that issue and passing meaningful policy is still a difficult thing to do. But certainly, the days where the NRA could wield power and exert unprecedented influence in our legislatures and our political system, I think those days are numbered.” In March, the House passed two bills to require background checks on all firearms sales and transfers and to allow an expanded 10-day review for gun purchases — measures supported by President Joe Biden. But they're confronting potentially insurmountable questions in the Senate, where some Republican support is required for passage, over what rules should govern private sales and transfers, including those between friends and extended family. Meanwhile, Journey, the NRA board member who requested that a court-appointed examiner investigate LaPierre, worries about what will become of the group's non-lobbying work. He’s particularly concerned that James dismantling the organization will mean the end of national programs to support law enforcement and to train hunters and other gun owners in firearms safety. “I think some organizations may be able to pick up some of the pieces," he said, “but most of it will simply go away.” ___ Bleiberg reported from Dallas. ___ On Twitter, follow Michael Sisak at twitter.com/mikesisak and Jake Bleiberg at twitter.com/JZBleiberg Michael R. Sisak And Jake Bleiberg, The Associated Press
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An independent panel of advisers to the Centers for Disease Control and Prevention voted Wednesday to recommend the Pfizer vaccine for use in children ages 12 to 15. The Food and Drug Administration authorized the Pfizer vaccine for this age group Monday. President Joe Biden hailed the decision in remarks on vaccinations Tuesday afternoon.
MANAGUA, Nicaragua (AP) — As Nicaragua President Daniel Ortega seeks a fourth consecutive term in November, he’s pulling all the levers at his disposal to ensure his Sandinista National Liberation Front retains power. Last week, the country’s Sandinista-dominated congress chose new members of the Supreme Electoral Council, who immediately set the electoral calendar to make Wednesday the deadline to register political alliances. That threw Nicaragua’s already divided opposition into chaos. Days of intense negotiations ensued, culminating in a last-ditch attempt to find common ground mediated by Dennis Martínez, the first Nicaraguan to play Major League Baseball. With a midnight deadline looming, talks were expected to extend late into the night. Nicaraguans have suffered political repression, human rights abuses and a contracting economy in recent years as Ortega has continued to consolidate power and enrich his family. In April 2018, government forces and allies violently put down street protests, leading to months of unrest. Ortega called the protests an attempted coup with international backing. With protest leaders forced into exile or hiding, Ortega and Vice President and first lady Rosario Murillo set about strengthening their grip on power while ignoring international recommendations for electoral reforms and demands from the domestic opposition. In October 2020, the Organization for American States approved a resolution demanding electoral reforms. On Wednesday, during a discussion of the situation in Nicaragua, Secretary General Luis Almagro said, “None of this has happened.” Nicaragua is on track to have “the worst possible election,” he said. Instead, changes enacted by the National Assembly and Supreme Electoral Council “clearly give the official party an absolute advantage in controlling electoral administration and justice, eliminating the necessary guarantees and minimal institutional credibility for the development of a free and fair electoral process in November 2021," the OAS said last week. Police have authority to decide what political gatherings are allowed. Government financing of campaigns was reduced. Laws passed earlier bar Nicaraguans working for organizations that receive foreign funding from running for public office. Public protests already had been prohibited and activists were harassed by frequently having police cars parked outside their homes. Ortega spent a decade in power after leading rebels who ousted dictator Anastasio Somoza in 1979, and he has been in office for nearly 15 additional years since returning in 2007. He won reelection in 2011 and 2016 and is once again the Sandinistas’ presidential candidate. The former guerrilla commander will turn 76 four days after the Nov. 7 election. Nicaragua’s fragmented opposition has managed to gather itself under two large umbrella groups: the National Coalition and the Citizen Alliance. The two groups trade insults on social media, but agree on one thing: They stand little chance against Ortega in November unless they present a united front. “Time has been lost in setting locations and few direct meetings,” Juan Sebastián Chamorro, the Citizen Alliance’s presidential pre-candidate, wrote on Twitter. Oscar Sovalbarro, vice president of Citizens for Freedom, part of Citizen Alliance, said among the disputed issues was how a united opposition would divide up seats in the National Assembly. Pastor Saturnino Cerrato, president of Democratic Restoration Party and a negotiator for the National Coalition, said “there simply is not political will to arrive at an agreement,” accusing the Citizen Alliance of “arrogance.” At the OAS Wednesday, Almagro said electoral reforms approved last week by Nicaragua's National Assembly do not comply with the democratic standards necessary to ensure free and fair elections. Ortega “wants to consolidate total control of the electoral process,” he said. Luis Alvarado, Nicaragua’s representative before the regional body, asked the OAS and the United States to “stick to their own affairs. The Nicaraguans will resolve Nicaragua’s affairs.” __ AP writer Claudia Torrens in New York contributed to this report. The Associated Press
PITTSBURGH (AP) — Jesse Winker and Eugenio Suárez combined to drive in four runs in the 10th inning as Cincinnati's bullpen threw 5 1/3 hitless innings, and the Reds beat the Pittsburgh Pirates 5-1 on Wednesday. Winker singled off reliever Duane Underwood Jr. (1-2) to lead off the 10th, scoring designated runner Nick Senzel. Nick Castellanos singled and Mike Moustakas walked ahead of Suárez, who drove a pitch into the left-center gap for a three-run double. Lucas Sims (2-1) worked two perfect innings with four strikeouts to earn the win. The Cincinnati bullpen struck out nine without allowing a hit in relief of Sonny Gray. Gray ended a 48-game streak of allowing six hits or fewer, as the Pirates earned seven knocks against him in 4 2/3 innings. Gray also threw four wild pitches, helping Pittsburgh advance runners into scoring position in each of the first five innings, but five strikeouts helped him strand six Pirates. Gregory Polanco finally brought a Pirates runner home when his single scored Kevin Newman in the fifth. Trevor Cahill started for Pittsburgh and threw 5 1/3 innings of three-hit ball while allowing just one run. He walked one and struck out one. Moustakas led off the second with a home run to left-center field, his fourth of the season. The RBI was the 600th of his 11-year career. The Reds have won five straight extra-inning games and are 6-2 in extra innings this season. TRAINER’S ROOM Pirates: INF/OF Phillip Evans left the game with left hamstring discomfort after advancing to second base in the fifth inning. ... RHP Chad Kuhl (right shoulder discomfort) will throw a simulated game this week. He hasn’t pitched since April 18. UP NEXT Reds: RHP Luis Castillo (1-4, 6.42 ERA) will start a four-game series at Colorado on Thursday. Castillo had been scheduled to start Friday but had his day flipped to give Wade Miley an extra day of rest after throwing 114 pitches in his no-hitter against Cleveland on May 7. Pirates: RHP Wil Crowe (0-1, 4.02) will face San Francisco at home Thursday. Crowe had five strikeouts over six innings in his last start, career bests in both categories for the rookie. ___ More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports Alan Saunders, The Associated Press
The cyberattack last week on a primary gasoline pipeline has created new political and economic risks for the Biden administration, which is working to keep the fuel flowing as prices spike. President Joe Biden signaled that there was reason for optimism and officials laid out plans Wednesday to address transportation issues and price pressures after ransom-seeking hackers last week shut down the Colonial Pipeline, which delivers about 45% of the East Coast's gas. “We have been in very, very close contact with Colonial Pipeline,” Biden said Wednesday. “I think you’re going to hear some good news in the next 24 hours and I think we’ll be getting that under control.” It's possible that the pipeline could be running again in the next few days, but the administration is also pushing the crisis as a reason why the president's $2.3 trillion infrastructure package should be approved. Transportation Secretary Pete Buttigieg noted that the cyberattack was a reminder that infrastructure is a national security issue and investments for greater resilience are needed. “This is not an extra, this is not a luxury, this is not an option,” he told reporters at the White House on Wednesday. “This has to be core to how we secure critical infrastructure.” The administration made a point of stressing all the steps it's taking to get gas back to service stations in affected areas. The Transportation Department is surveying how many vessels can carry fossil fuels to the Gulf of Mexico and Eastern Seaboard to provide gasoline. Waivers have been issued to expand the hours that fuel can be transported by roadways. The Environmental Protection Agency has issued waivers on gas blends and other regulations to ease any supply challenges. The technology firm Gasbuddy.com found that 28% of stations were out of fuel in North Carolina. In Georgia, South Carolina and Virginia, more than 16% of stations were without gas. But the sudden supply crunch after Friday's hack shows the challenges that can pop up for a White House that must constantly respond to world events. Republican lawmakers were quick to criticize the administration for previously canceling plans to construct the Keystone XL oil pipeline from Canada. Biden canceled its permit over risks of spills and worries that climate change would worsen by burning the oil sands crude that would have flowed through the pipeline. “The Colonial Pipeline crisis shows that we need more American energy to fuel our economy, not less,” House Republican leader Kevin McCarthy said Tuesday on Twitter, adding that Biden had "left our energy supply more vulnerable to attacks” by blocking the Keystone XL pipeline. The closed pipeline is one of many obstacles that are now confronting the president. Within just a few days, the Biden administration has been dealt a disappointing monthly jobs report, a potentially worrisome increase in inflation, lethal violence in Israel and a nearly 3% jump in gas prices over the past week. It is still trying to vaccinate the country against the coronavirus, send out hundreds of billions of dollars in economic aid and pass its own sweeping jobs and education agenda. “You have to be prepared to juggle multiple challenges, multiple crises at one time, and that’s exactly what we’re doing at this moment,” White House press secretary Jen Psaki said Wednesday. Higher energy prices often have political spillovers, complicating reelection campaigns for incumbents outside oil-producing regions. The 1979 fuel shortage famously crushed Jimmy Carter's presidential reelection efforts and helped usher in the Reagan era. Research published last year by the World Bank looked at 207 elections across 50 democracies and found an oil price spike a year before the election “systematically lower the odds of incumbents being reelected.” The findings applied to both conservatives and liberals, showing a degree of pragmatism by voters. Biden's best messaging response might be to signal that he understands how the supply crunch can hurt family budgets. “It’s important for the president to show empathy and recognize the position that the average American is in vis-à-vis gas prices," said Mark Jones, a political science professor at Rice University in Houston. "Gas prices are something that don’t affect the elite — and our politicians are all among the elite.” Josh Boak, The Associated Press
None of the three companies are involved in critical infrastructure