Troubled Metro Bank slashes commercial real estate lending in portfolio rebalancing

first_img Read more: Metro Bank shares slip as law firms launch fraud probesThe bank recently had to reassure customers of its solvency after rumours circulating on Whatsapp caused customers to flock to its branches to withdraw funds.The Sunday Times reported that Metro Bank had stopped lending to new commercial real estate customers in recent weeks.Metro Bank said the move, which it announced in its full-year results in February, was part of a rebalancing of its portfolio to optimise capital efficiency while keeping a low risk appetite.Read more: Metro Bank shares fall back as investors push for board changes whatsapp James Booth Metro Bank has dramatically reined in its lending to real estate clients as it tries to rebalance its loan portfolio.The challenger bank has undergone a torrid time recently after it miscategorised the risk of 10 per cent of its loan book sending its share price crashing and forcing it to raise £375m of additional capital to strengthen its balance sheet. Tags: Metro Bank More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comcenter_img Troubled Metro Bank slashes commercial real estate lending in portfolio rebalancing Share whatsapp Sunday 2 June 2019 7:10 pm A Metro Bank spokesperson said: “At our full year results in February we set out our evolved strategy to optimise the balance between growth, profitability and capital efficiency. As part of this, we explained we’re specifically reducing our proportion of commercial real estate lending. We continue to lend to both retail and commercial customers.”last_img read more

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Pompeo subpoenaed by Democrats over Trump-Ukraine scandal

first_img Michael Searles Read more: Donald Trump: I did not offer to lift Iran sanctions US Secretary of State Mike Pompeo subpoenaed by Democrats over Trump-Ukraine scandal Mike Pompeo has been ordered to turn over documents relating to Trump’s dealings with Ukraine. There is no investigation into Biden’s time at the business, Ukraine’s anti-corruption bureau revealed yesterday. Trump alleges that Biden pressed for Ukrainian prosecutor Vikto Shokin to be sacked in 2016 to protect Burisma energy company, which his son, Hunter Biden, was on the board of. The US Secretary of State has been subpoenaed by the House Democrats as the impeachment proceedings against Donald Trump escalate. Read more: White House wanted to lock down transcript of Donald Trump’s call to Ukraine “Your continued refusal to provide the requested documents not only prevents our committees from fully investigating these matters, but impairs Congress’ ability to fulfil its constitutional responsibilities to protect our national security and the integrity of our democracy,” the letter said. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyFree Hub20 Actors Who Stepped Away From Fame For Regular JobsFree HubPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryWorld LifestyleRude Man On Plane Doesn’t Realize Who’s Behind HimWorld LifestyleDefinitionAge Has Finally Caught Up To These CelebsDefinitionMisterStoryWoman files for divorce after seeing this photoMisterStorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersWordsaGrab A Tissue Before You See Richard Simmons At 72Wordsa whatsapp The letter also informed Pompeo they planned to request testimonies from five officials in the next two weeks, including Kurt Volker, the US special envoy for Ukraine negotiations who resigned on Friday according to US media, and the former US ambassador to Ukraine, Marie Yovanovitch. center_img Trump has also denied the allegations against him. In the letter it says the subpoena is a result of Pompeo failing to comply with previous demands to hand over the documents. He will now be legally obligated to do so. It comes amid an investigation into Trump for allegedly applying pressure on Ukraine’s new President Volodymyr Zelensky to investigate rival Joe Biden during a phone call in July. Secretary of State Pompeo has so far made no public comments on the subpoena. whatsapp The latter is controlled by Republicans and thus unlikely to support the bid to impeach him. For Trump to be removed from office he would have to be impeached by both the House of Representatives and the Senate. Saturday 28 September 2019 9:21 am Mike Pompeo, US Secretary of State looks on during a meeting at the Chinese Mission to the United Nations on September 26, 2019 in New York. (Photo by Bryan R. Smith / AFP) (Photo credit should read BRYAN R. SMITH/AFP/Getty Images) The heads of three House committees have formerly written to Pompeo to demand he produce the documents within a week. The joint letter was issued by heads of foreign affairs, intelligence and oversight committees. Tags: Donald Trumplast_img read more

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John Glenn, first American to orbit the Earth, dies at 95

first_imgNation & World | Science & TechJohn Glenn, first American to orbit the Earth, dies at 95December 8, 2016 by Russell Lewis, NPR Share:The first American to orbit the Earth has died. John Glenn was the last surviving member of the original Mercury astronauts. He would later have a long political career as a U.S. senator, but that didn’t stop his pioneering ways.Glenn made history a second time in 1998, when he flew aboard the shuttle Discovery to become the oldest person to fly in space. Glenn was 95; he had been hospitalized in an Ohio State University medical center in Columbus since last week.Glenn had been battling health issues since a stroke a few years ago. His death Thursday was confirmed by Hank Wilson, communications director of the John Glenn College of Public Affairs at the Ohio State University.An early explorerOn Feb. 20, 1962, when John Glenn rocketed into space, it was momentous and nerve-racking. Space travel was in its infancy. Every launch and mission captivated the imagination of America.A few minutes after liftoff, Glenn’s Friendship 7 capsule reached orbit and people listened in with excitement and awe.“Roger, zero G and I feel fine,” Glenn relayed from space. “Capsule is turning around. Oh, that view is tremendous!”So much about space in those days was unknown and laughable today. Scientists designed experiments to study whether astronauts could eat or drink in space. Doctors were concerned that human eyes would change shape, making it hard to operate during re-entry.Then there was the technology. Rockets exploded during testing, sometimes with the astronauts watching. In 2012, on the 50th anniversary of his Mercury flight, Glenn reflected on the danger.“It was important because of the Cold War,” Glenn said at a Smithsonian forum. “It was a new step forward, and we were proud to be representing our country there. And so … you made it as safe as you possibly could, and what little bit of risk was left, we accepted that.”Any trip to space is risky, and Glenn’s mission was no exception. During his three-orbit flight, controllers were concerned about an automated warning that the capsule’s heat shield had come loose.After the flight, he became a national hero. He befriended President John F. Kennedy and received a ticker-tape parade in New York City.“I think John Glenn will be remembered as an actual hero at a time when heroes are often called heroes but are not,” says Francis French, the author of many books on the space program’s early days.French says Glenn was basically an all-American boy with a photogenic smile and a quick wit.“I think John Glenn is one of those people that’s going to stay in the history books,” he says. “And even the most cynical of history readers is going to go, ‘This guy actually is what everybody says he was.’ ”French says Glenn was “exactly at the right place at the right time for when America needed somebody to not only become the first American to orbit the Earth, but to actually project what it meant for America to put a person into space.”A life in flight and politicsGlenn was a highly-decorated Marine who flew 59 combat missions in the South Pacific during World War II. During the Korean War, he flew 90 combat missions, using different models of new jet fighters.He remained in the military through the 1950s, testing supersonic aircraft and other military models. In all, he earned the Distinguished Flying Cross five times. In 1958 he was one of 508 pilots tested for what became the Mercury program, an accelerated response to the Soviet Union’s successful launch of the first satellite in 1957.He left NASA in 1964. Later he would learn that, at the time, NASA and President Kennedy had deemed him too valuable to fly in space again.In 1974, he was elected to represent Ohio in the U.S. Senate. Two years later, Glenn’s name was among those mentioned as a running mate for Democratic presidential nominee Jimmy Carter, but Carter ended up picking Sen. Walter Mondale of Minnesota.Glenn campaigned in the Democratic primary for the 1984 presidential election, but ended up losing to Mondale.But he remained in the Senate, serving four six-year terms.During his Senate career he was noted for his attention to NASA and to national defense. He was also remembered for his support for the Panama Canal treaty in the late 1970s and for his resistance to the decision to televise the Senate floor debates on C-SPAN. He warned that the Senate’s reputation for deliberation would suffer if it became, in effect, a TV show. He retired from politics in 1999.A pioneer once againBut as his political career was ending, he wanted to go back to space. In 1998, he lobbied NASA to fly again. Glenn spent nine days aboard the shuttle Discovery — for science.“For four days, I had 21 different leads — brainwaves and respiration and EKG — 21 different body parameters being recorded and sent down to the ground,” Glenn said in 2011.As a 77-year-old, he became the oldest person to fly in space. His flight revived public interest in NASA. But when NASA canceled the shuttle program and scaled back its ambitious exploration efforts, Glenn lamented the loss. He spoke during a 2011 forum at the Smithsonian National Air and Space Museum.“The average person [was] better educated … back years ago than most people in the world. And then we put more into basic research and learned the new things first,” he said. “That little combination is just as true today. If we lose that edge in research and education, we won’t be a leading nation in the world. It’s that simple.”Ron Elving contributed to this story.Copyright 2016 NPR. To see more, visit http://www.npr.org/.Share this story:last_img read more

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McColl’s sees results in line

first_img Tags: NULL Joseph Millis Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoHero Wars Advertisement This game will keep you up all night! Hero Wars UndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndo McColl’s sees results in line Tuesday 2 December 2014 8:41 pm Sharecenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org NEWSAGENT and convenience store chain McColl’s yesterday cited “tough conditions” in its business outlook, but said it expected its 2014 results to be “broadly” in line with expectations.The company said that total sales, including VAT but excluding fuel, lottery and mobile phone top-ups, grew by five per cent in the fourth quarter ended 30 November, and 4.2 per cent in the year-to-date, boosted by new store acquisitions. Show Comments ▼ whatsapp whatsapplast_img read more

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Adidas NBA sponsorship will end after multi-million dollar 11-year deal not renewed

first_imgMonday 16 March 2015 2:31 pm Adidas will end its sponsorship of the US National Basketball Association (NBA) after deciding not to renew its multi-million dollar decade-long deal with the sports league.It’s a big retreat from the US market for the German sportswear giant which is facing increasingly tough competition from rivals Nike and Under Armour. “We feel with a different investment strategy, we will be more successful,” an Adidas spokeswoman told Reuters, “We want to put a bigger focus on players in our shoes.”Adidas took over the prestigious contract in 2006 when it bought sportswear brand Reebok, which was then the official apparel and footwear brand of the NBA.At the time of the deal, Adidas chief Erich Stamminger said the NBA was on the firm’s “wish list”. “In soccer, we have FIFA and UEFA. In baseball, we have the New York Yankees. And in rugby, we have the All-Blacks. Given that our mission statement is to become the leading sports brand in the world, this alliance was at the top of our list,” the now departed boss said.That deal will now come to an end during the 2016/17 season and the NBA will search for a new sponsor.Under Armour recently overtook Adidas to become the second largest sportswear brand in the US behind Nike. In 2014, the German firm’s sales fell four per cent in North America while they grew 13 per cent in Western Europe.Adidas last year increased its presence in the UK after agreeing a £750m mega-deal to become Manchester United’s kit sponsor for the next 10 years, usurping Nike along the way. Lynsey Barber Tags: NULL Share whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ whatsapp Adidas NBA sponsorship will end after multi-million dollar 11-year deal not renewed last_img read more

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Q&A: Taxpayer bailout proceeds

first_img Q&A: Taxpayer bailout proceeds by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbeszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent Express Thursday 11 June 2015 9:28 pm Show Comments ▼ Q What’s at stake? A The Treasury has owned 79 per cent of RBS since 2008 – and it wants out. But shares are lower than the price paid. It will lose money selling shares. Q Lose money?A Yes but the chancellor and Rothschild say that overall the government will make money by selling shares in Lloyds and offloading bad bank loans. So it can afford to take a hit on RBS.Q How much does the government expect to make?A It expects £5.3bn from Lloyds and £9.6bn from further sales from UK Asset Resolution (the remnants of Northern Rock and Bradford & Bingley). Throw in £4.3bn and £2.3bn from fees earned on two bank bailout schemes between 2008 and 2012 (the Credit Guarantee Scheme and Special Liquidity Scheme) – plus a £7.2bn loss on RBS – and Rothschild expects the Treasury to reap £14.3bn net profit from the 2008 bailout programme. Q So what’s the problem? A The estimates ignore how much it cost the government to fund the interventions made in 2008.Q Can you explain what that means?A Taxpayers injected £107.6bn into the financial sector overall in 2008. But the £107.6bn had to come from somewhere – and it came from the Treasury issuing debt to raise the cash. Q And the government has to pay interest on the debt?A Correct. The Office for Budget Responsibility estimates the Treasury had to pay £17bn in interest to investors overall for borrowing the £107.6bn to fund the bailout – more than the £14.3bn estimated profit. Tags: NULL center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofBest Wine Gifts & Wine Accessories at Every PriceGayotHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofWhat is ‘Ranked-Choice Voting,’ the New System for New York’s MayoralFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily Proof Share whatsapp whatsapp Express KCS last_img read more

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More pharma companies should make the move toward becoming environmentally sustainable

first_img About the Author Reprints GET STARTED By Giacomo Chiesi April 27, 2021 Reprints linkedin.com/in/giacomochiesi/ Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Opinions+ Log In | Learn More Adobe More pharma companies should make the move toward becoming environmentally sustainable center_img What’s included? What is it? Tags advocacybiotechnologypharmaceuticalsSTAT+ Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Giacomo Chiesi STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. The gradual global shift towards sustainability, with an increased focus on climate change and environmental impact, is an essential movement. I’m concerned that few companies in the pharmaceutical industry have made substantial efforts to join the drive to achieve social, economic, and environmental progress and prosperity.The development and production of drugs requires a significant amount of natural, human, and economic resources, representing myriad risks to the environment and the sustainability of the industry. But there are ways to mitigate these risks and turn that work into opportunities.last_img read more

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U.S. Vice President Pence’s Remarks at a Safe and Effective Vaccine Confidence Event

first_imgU.S. Vice President Pence’s Remarks at a Safe and Effective Vaccine Confidence Event The White HouseEisenhower Executive Office Building8:05 A.M. ESTTHE VICE PRESIDENT: Well, good morning. And thank you all for being here. I want to thank my wonderful wife, our Second Lady Karen Pence; the Surgeon General; Dr. Tony Fauci; and members of the White House Coronavirus Task Force who are joining us here today. I especially want to thank the fine medical team at Walter Reed Hospital that administered our vaccine today. I didn’t feel a thing. Well done. And we appreciate your service to the country.You know, as the Christmas holiday approaches, this is always a season of hope. We gather here today, at the end of a historic week, to affirm to the American people that hope is on the way. And Karen and I were more than happy to step forward before this week was out to take the safe and effective coronavirus vaccine that we have secured and produced for the American people. It’s a truly inspiring day.As the people of this country witnessed this past week, under Operation Warp Speed, the first coronavirus vaccine is literally being administered in states across the country to millions of Americans. And make no mistake about it: It’s a medical miracle.The average vaccine, I’m told by our experts, usually takes between 8 and 12 years to develop and then manufacture and distribute. But we’re on track, here in the United States, to administer millions of doses to the American people in less than one year. It is a miracle indeed.And I also believe that history will record that this week was the beginning of the end of the coronavirus pandemic. But with cases rising across the country, with hospitalizations rising across the country, we have a ways to go. And I want to assure the American people that we’re going to continue to make sure that our healthcare providers have all the support and resources they need to meet this moment. But vigilance and the vaccine is our way through. And building confidence in the vaccine is what brings us here this morning.Ever since I was asked by President Trump to lead the White House Coronavirus Task Force, I have been inspired by the diligence and energy of our researchers in this country. Early on, the President brought some of the leading pharmaceutical companies in the world together in the Cabinet Room and said that we needed medicines, we needed therapeutics, and we needed vaccines, and we needed them in record time. I watched the historic pace with which the dedicated men and women at the FDA worked. But, today, Karen and I wanted to step forward and take this vaccine to assure the American people that while we cut red tape, we cut no corners.And thanks to Operation Warp Speed, thanks to incredible research companies, thanks to the great work at the National Institute of Health, and the great and careful work of the FDA, and the leadership of our President in Operation Warp Speed, the American people can be confident we have one and perhaps, within hours, two safe and effective coronavirus vaccines for you and for your family.And now we’re in the process of distributing millions of doses of a safe and effective vaccine all across the country. Working closely with our nation’s governors, we’ve already seen the vaccine delivered to healthcare workers and seniors across the nation.This week, 2.9 million doses of the Pfizer vaccine have been allocated. And next week, 2 million more doses will be distributed across America. And as you all know, yesterday, the FDA advisory panel recommended approval of the Moderna vaccine. And when it is approved, we expect later today, we’ll be in a position to ship 5.9 million doses of vaccines all across the country next week.In fact, under Operation Warp Speed, we are poised to have vaccine for 20 million Americans before the end of December. It is truly a medical miracle and an inspiration to people across this country.It is a — it’s a tribute as well to the dedication of all of those working at the federal level and the state level who have implemented this project. From early on, President Trump gave the White House Coronavirus Task Force one mission, and that was to save lives. And in the midst of one of the most challenging years in the life of this nation, I truly do believe that, despite the heartbreak and hardship that we have endured as a nation, that we’ve done just that.Working with members of the White House Coronavirus Task Force these last 10 months, we scaled testing. Now we’re doing nearly 2 million tests a day and have performed more than 200 million coronavirus tests across America. And the FDA just approved the first over-the-counter coronavirus test for at-home testing for the American people.Working with the great team at FEMA and with the Department of Defense, we identified and distributed literally billions of medical supplies to our doctors and nurses and hospitals, and we’ll continue to ensure that all of our caregivers in this country have the resources and the support they need to continue to meet this moment.We saw to the development of therapeutics, remdesivir, monoclonal antibodies, the good use of steroids, and other methods that have literally saved lives across the country. And as we gather here today, and as we celebrate this week, we secured a safe and effective vaccine that’s being distributed all across America.I would be remiss if I didn’t take this moment, at the end of this challenging year, simply to say thanks to the men and women who served on the White House Coronavirus Task Force. You will hear from several of them in just a few moments. But let me give credit where credit is due.I want to thank Dr. Tony Fauci and Dr. Deborah Birx. I want to thank Dr. Robert Redfield and all the great men and women at the CDC. I want to thank Secretary Alex Azar of HHS and Seema Verma at the Center for Medicaid and Medicare Services. And I also want to thank the great team at FEMA that has stood up the greatest national mobilization since World War Two, and Pete Gaynor, and General Sanford, and all of those that have worked to make sure that the American people and our healthcare workers have the supplies they need has made an extraordinary difference in the life of the nation. I’m also grateful for the steady hand and leadership of Dr. Ben Carson, who has been with us every step of the way.I know I speak for every American when I say — and I speak for our President when I say: Thank you for your service in this year and in the days to come.The truth is, the American people deserve to know that we’ve never been more prepared to combat the coronavirus than we are today. And even while we see cases rising and hospitalizations rising and heartbreaking losses, we’ll continue to marshal the resources that we have secured as a nation, including a safe and effective vaccine to meet this moment.But that being said, it’s important that every American remember that all of us have a role to play. The way through this challenging time is vigilance and a vaccine. The day will come when we put the coronavirus in the past, but it will be a combination of all the efforts that I just described: a vaccine that is safe and effective for the American people but also the ongoing vigilance of every American.So as we — as we reach this extraordinary and historic moment in the life of our nation, let me urge every American to continue to do your part: Put the health of your family, your neighbors, and your community first; practice good hygiene; wash your hands; practice social distancing, or wear a mask whenever it’s indicated, or whenever you’re unable to practice distance; and listen to your local authorities.As President Trump often says, we are rounding the corner. We can see the light at the end of the tunnel. It is the light of American innovation and creativity. It is the light of lifesaving medicines and a safe and effective vaccine.After a year of heartbreak and hardship, the American people can be encouraged. And Karen and I hope this step today will be a source of confidence and of comfort to the American people that thanks to all the men and women who have operated under Operation Warp Speed, that we have a safe and effective vaccine and that these days of hardship and heartbreak will, in a day not too far in the distance, will be put in the past.So with gratitude for the American ingenuity of our research companies, with gratitude for the incredible healthcare workers who have met this moment and continue to meet this moment in the life of the nation, with gratitude for all the officials at the federal and state level, and gratitude to our President for his vision with Operation Warp Speed, I’m confident that we will get through this, we will get through this together, and we will heal our land. So thank you all very much. (Applause.) /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:america, antibodies, building, community, coronavirus, creativity, FDA, Government, healthcare, innovation, operation, President, red tape, resources, Secretary, United States, White Houselast_img read more

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Statement From Lisa Neville 3 April

first_imgStatement From Lisa Neville 3 April VIC PremierIn February I was admitted to hospital as part of ongoing complications associated with Crohn’s disease.The medical advice I received at the time was to undertake a period of rest and treatment – designed to give me the best chance of recovery without surgery.Despite two and a half weeks in hospital, an intensive regime of biological drug treatment and three weeks of recovery out of the public eye, this week I have undertaken a series of tests, including an MRI that has indicated that my condition has in fact worsened.As a result, my doctors have indicated that the only effective treatment now is surgery.On Tuesday I will be readmitted to hospital to undergo a small bowel resection.This is a significant operation that may require up to 12 weeks recovery. At this stage this means I will not return to my role until the end of June.Although it is disappointing and always concerning to have part of your bowel removed, for many who have Crohns this can result in a period of remission and enable people to return after recovery to normal life and work.I have every confidence in my medical team and the nursing support at the hospital that this surgery will give me the chance to achieve this.I thank all of my friends and colleagues for their ongoing support during this time.I would especially like to thank all those who suffer from Crohn’s or similar illnesses who have reached out. This is very much a hidden illness and unless you have experienced it firsthand it is hard to understand the toll it can take, both physically and mentally.It is a small consolation that people are now learning more about Crohn’s, it’s triggers and the seriousness that the complications can cause.As stress is a major driver of the condition, I kindly request privacy over the next three months, as I focus on my recovery and return to work. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, biological, disease, drug, Government, hospital, nursing, operation, stress, surgery, treatment, Victorialast_img read more

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Gallo Aims for a Diverse Wine Portfolio to Embody and Reflect…

first_imgTwitter AdvertisementIn December last year the Federal Trade Commission finally approved the acquisition by E. & J. Gallo Winery (Gallo) of more than 30 wine brands from Constellation Brands, Inc., which was first announced in April 2019. The acquisition included entry-level brands such as Arbor Mist, Black Box, Clos du Bois, Estancia, Franciscan, Hogue, Manischewitz, Mark West, Ravenswood, Taylor, Vendange, and Wild Horse as wells as five wineries located in California, Washington, and New York.The transaction highlights the difference between the two beverage alcohol giants with Constellation focusing on the profitable premium wine and spirits segment where most of the growth has been happening, while Gallo is focused and committed to the long-term success of wine across price tiers.Gallo is a multigenerational family-owned wine business and deeply invested in the wine industry, with the company’s identity and history bound up in wine as well. As a family business, they can and must take a longer, generational outlook focused on creating a flourishing business to future generations.The challenge for Gallo and the wine industry is attracting new consumers, Millennials and Gen Z in particular, to the wine category and replenish the consumer base as Boomers decrease their consumption. While the premium segment appears to be the most profitable today, new consumers usually don’t start out buying $20 bottles of wine, and an attractive entry-level selection will be necessary to attract new consumers to the wine category.Stephanie GalloStephanie Gallo, Chief Marketing Officer, E. & J. Gallo Winery, and grandchild of Ernest Gallo explains how the brands acquired from Constellation Brands fit into Gallo’s long-term strategy.When the acquisition of the Constellation wine brands was announced, Gallo expressed a focus on growing the wine industry. What role will the newly acquired brands play toward that goal?Our purpose is to serve enjoyment in the moments that matter, and in order to do that we must have products that meet all consumers’ needs. We believe in providing our consumers and customers with quality products at every price point. Wine consumers buy across all price tiers based upon the occasion. Research shows that most consumers enter the wine category through the under $11 category. Consumers that enter the category through under $11 wines are 2x more likely to repeat purchase within the under $11 category.*In addition to bringing new consumers into the category, the under $11 category provides the greatest amount of format innovation and wine style innovation, giving consumers a variety of offerings to choose from for various occasions. The acquisition provided an opportunity to expand our portfolio of under $11 offerings and meet a variety of needs for our consumers and customers.*© IRI National Consumer Panel. Total All US Outlets. Latest 52 Weeks Ending 12.29.2019. Buyers filtered by New to Wine Target Group 3. % of Buyers who RepeatMost of the brands acquired fall into price segments that pre-Covid saw declining market shares as premiumization trended. Do you think this is a trend that can be reversed by bringing new consumers to the wine category? In times of uncertainty, people turn to brands they know and trust. During 2020, consumer behaviors certainly shifted. Through numerous data sources, we saw an increase in both retail sales and the number of retail buyers. We understand not only the critical importance of continuing to attract these new consumers, but also to hold their interest once they are in the category. This means we have to innovate and ensure that we are meeting their unique needs. While we continue to invest in our premium and luxury wine businesses, we see a tremendous opportunity with this acquisition to win new friends for wine. Having a diverse portfolio allows us to continue providing our customers and consumers with quality products at every price point.What do you see as the biggest obstacles and opportunities for bringing new consumers into the wine category? Our focus is around making wine accessible to all. Within our company and our outreach, we must be reflective of what’s going on in society today, including what the American consumer looks like. In America today, “everyone” includes a richer and more diverse landscape than ever before. Everyone needs to feel welcome, feel a place of belonging and have access to products that understand them and meet their unique needs.  America’s future is multicultural and inclusive. One of the most important things we can do at Gallo is to embody and reflect the diverse world that we live in, allowing us to be more prepared to meet and respond to new challenges that arise in the future.Does Gallo have a plan to reposition some of these brands specifically to reach new consumers?These are iconic brands within their categories that resonate with consumers. We are excited about the strong presence these brands have throughout the U.S. and around the world.  We plan to respect the legacy of these brands while continuing to make the highest quality wines. How do these newly acquired brands fit with Gallo’s existing wine portfolio?Gallo is committed to remaining a family-owned company focused on the wine and spirits industry. We believe the brands added through this acquisition build upon and complement our diverse portfolio. We are identifying ways our portfolio of brands can continue to engage and support our consumers and communities now and into the future.By Kim BadenfortAdvertisement Linkedin Home Wine Business Editorial Gallo Aims for a Diverse Wine Portfolio to Embody and Reflect a…Wine Business EditorialGallo Aims for a Diverse Wine Portfolio to Embody and Reflect a Diverse WorldBy Editor – March 15, 2021 2589 0 Facebook Share Pinterest Previous articleBooker Winery Announces New-State-of-the Art Visitor Center in Paso Robles, CANext articleBreakthru Beverage Group Announces President and CEO Greg Baird’s Plan to Retire at the End of 2021 Editor TAGSE & J Gallo WineryKim BadenfortStephanie Gallo Email ReddItlast_img read more

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