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	<title>raises &#8211; USA NEWS LIVE</title>
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	<title>raises &#8211; USA NEWS LIVE</title>
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		<title>Reddit shares rise 7% to record as Raymond James raises price goal</title>
		<link>https://bloggingthree.soflytech.com/2025/01/reddit-shares-rise-7-to-record-as-raymond-james-raises-price-goal/</link>
					<comments>https://bloggingthree.soflytech.com/2025/01/reddit-shares-rise-7-to-record-as-raymond-james-raises-price-goal/#respond</comments>
		
		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Tue, 21 Jan 2025 20:19:23 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[James]]></category>
		<category><![CDATA[Price]]></category>
		<category><![CDATA[raises]]></category>
		<category><![CDATA[Raymond]]></category>
		<category><![CDATA[record]]></category>
		<category><![CDATA[Reddit]]></category>
		<category><![CDATA[rise]]></category>
		<category><![CDATA[shares]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=23083</guid>

					<description><![CDATA[Reddit Shares rose over 7% to a record high on Tuesday after analysts at Raymond James raised their price goal and reiterated their &#8220;strong buy&#8221; rating on the social media platform. The company&#39;s shares hit $191 during midday trading, surpassing its previous high of $182 set on Jan. 6. Reddit shares topped $100 for the [&#8230;]]]></description>
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<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Reddit<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    Shares rose over 7% to a record high on Tuesday after analysts at Raymond James raised their price goal and reiterated their &#8220;strong buy&#8221; rating on the social media platform.</p>
<p>The company&#39;s shares hit $191 during midday trading, surpassing its previous high of $182 set on Jan. 6. Reddit shares topped $100 for the primary time in late October after the corporate reported third-quarter financial results that beat Wall Street expectations.</p>
<p>Raymond James analysts said in a note Tuesday that they might raise their Reddit price goal to $200 from $150, largely as a result of their &#8220;belief&#8221; that Reddit can expand its business internationally.</p>
<p>The company plans to amass more users outside of its core US market to expand its promoting business, Jen Wong, Reddit&#39;s chief operating officer, told CNBC in November. Reddit&#39;s revenue, which is generally internet marketing, rose 68% 12 months over 12 months to $348.4 million.</p>
<p>Reddit&#39;s increasing use of artificial intelligence to routinely translate the positioning&#39;s text into various languages ​​reminiscent of Portuguese, French, Spanish, Filipino and German &#8220;should help improve local search rankings for Reddit and ensure sustained hypergrowth,&#8221; they wrote Raymond James analysts.</p>
<p>The company&#39;s AI translation efforts are key to its international expansion, Wong told CNBC in November. Reddit&#39;s fastest-growing regions when it comes to users include the United Kingdom, the Philippines, India and Brazil, she said.</p>
<p>“This suggests that many of our future opportunities for user growth definitely lie outside of the U.S. and local language,” Wong said. “Every language is an opportunity for a different Reddit.”</p>
<p>The company stays among the many top five most searched web sites, Raymond James analysts said, citing research firm SimilarWeb. Reddit&#39;s &#8220;authentic and uniquely moderated (community system) content&#8221; will help the corporate stay at the highest of search results, which is able to ultimately result in more Reddit users creating accounts, the analysts write. </p>
<p>Reddit makes more cash from logged-in users who&#8217;ve an account than from logged-out users, who visited the platform more incessantly previously 12 months as a result of internal site improvements and an earlier change to Google&#39;s search algorithm that favored &#8220;authentic&#8221; content.</p>
<p>Raymond James analysts noted in a &#8220;Risks&#8221; section that Reddit could suffer from &#8220;unfavorable updates to Google search algorithms&#8221; that push the positioning lower in search results and slow the conversion of those logged-out users into more financially lucrative logged-in users counterparts.</p>
<p><strong>Regard</strong>: Steven Mnuchin on TikTok: We could be very inquisitive about investing in the corporate</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>SpaceX competitor TEC raises $160 million for reusable space capsule</title>
		<link>https://bloggingthree.soflytech.com/2024/11/spacex-competitor-tec-raises-160-million-for-reusable-space-capsule/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Sun, 17 Nov 2024 21:38:16 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[capsule]]></category>
		<category><![CDATA[competitor]]></category>
		<category><![CDATA[million]]></category>
		<category><![CDATA[raises]]></category>
		<category><![CDATA[reusable]]></category>
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		<category><![CDATA[SpaceX]]></category>
		<category><![CDATA[TEC]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=19304</guid>

					<description><![CDATA[The Exploration Company (TEC) announced Monday that it has raised $160 million to advance development of its capsule designed to hold astronauts and cargo to space stations. Venture capital firms Balderton Capital and Plural were the lead investors within the round, which also included French government-backed investment vehicle French Tech Souveraineté and German government-backed fund [&#8230;]]]></description>
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<p>The Exploration Company (TEC) announced Monday that it has raised $160 million to advance development of its capsule designed to hold astronauts and cargo to space stations.</p>
<p>Venture capital firms Balderton Capital and Plural were the lead investors within the round, which also included French government-backed investment vehicle French Tech Souveraineté and German government-backed fund DeepTech &#038; Climate Fonds.</p>
<p>TEC&#39;s core product is Nyx, a capsule that will be launched into space by rockets and carries passengers and cargo. Nyx is reusable. Once it has dropped its payload, it may re-enter Earth&#39;s atmosphere and be used for the subsequent mission.</p>
<p>“It&#39;s a big market, and it&#39;s growing at just over 10% a year because more and more nations want to fly their astronauts and more and more nations want to go to the moon,” Hélène Huby, founder and CEO of TEC, said in an announcement Interview with CNBC Interview.</p>
<p>“So there is an increased demand for moving people to stations and moving freight to stations,” she said.</p>
</div>
<div class="group">
<p>There are only a few players on this a part of the market. One of the most important is SpaceX with a capsule called Dragon. There are also competitors from China and Russia.</p>
<p>&#8220;We said, &#39;Okay, let&#39;s construct this capability in Europe in order that Europe can have its own capsule and the world also needs another solution.&#39; [We] “We can’t just bet on SpaceX,” Huby said.</p>
<p>TEC is currently developing the second version of Nyx, which is scheduled to launch next yr, followed by a final version in 2028. This model is partially funded by the European Space Agency.</p>
<p>Huby said the corporate has signed $800 million in contracts to make use of its capsule. These include mission contracts with firms reminiscent of Starlab, which is designing a brand new space station, and Axiom Space.</p>
<p>There is increasing activity in space between countries reminiscent of China, the USA and India. One of probably the most ambitious projects is the NASA-led Gateway, which can be the primary space station to orbit the moon.</p>
<p>“If there are more people, you also need more freight. So this is happening around the Earth and around the moon,” Huby said.</p>
<p>Huby sees TEC as a key player in developing the technology needed to return cargo to Earth after it has been in space.</p>
<p>“We also believe that our vehicle will play an important role here,” said Huby.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Bristol Myers Squibb Beats Earnings Estimates, Raises Guidance, Helped by Eliquis and Recent Drugs</title>
		<link>https://bloggingthree.soflytech.com/2024/11/bristol-myers-squibb-beats-earnings-estimates-raises-guidance-helped-by-eliquis-and-recent-drugs/</link>
					<comments>https://bloggingthree.soflytech.com/2024/11/bristol-myers-squibb-beats-earnings-estimates-raises-guidance-helped-by-eliquis-and-recent-drugs/#respond</comments>
		
		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Mon, 04 Nov 2024 21:30:03 +0000</pubDate>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[beats]]></category>
		<category><![CDATA[Bristol]]></category>
		<category><![CDATA[drugs]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[Eliquis]]></category>
		<category><![CDATA[estimates]]></category>
		<category><![CDATA[guidance]]></category>
		<category><![CDATA[helped]]></category>
		<category><![CDATA[Myers]]></category>
		<category><![CDATA[raises]]></category>
		<category><![CDATA[Squibb]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=18545</guid>

					<description><![CDATA[Bristol Myers Squibb on Thursday reported Third-quarter profits and revenue that beat Wall Street expectations because of blockbuster blood thinner Eliquis and a portfolio of Drugs It expects long-term growth. The pharmaceutical giant also raised its full-year sales forecast and expects sales to extend by around 5%. Bristol Myers previously said it forecast revenue growth [&#8230;]]]></description>
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<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Bristol Myers Squibb<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    on Thursday <a href="https://news.bms.com/news/corporate-financial/2024/Bristol-Myers-Squibb-Reports-Third-Quarter-Financial-Results-for-2024/default.aspx#:~:text=On%20a%20GAAP%20basis%2C%20the%20company%20reported%20net%20income%20attributable,same%20period%20a%20year%20ago." target="_blank" rel="noopener">reported</a> Third-quarter profits and revenue that beat Wall Street expectations because of blockbuster blood thinner Eliquis and a portfolio of <a href="https://www.bms.com/patient-and-caregivers/our-medicines.html" target="_blank" rel="noopener">Drugs</a> It expects long-term growth. </p>
<p>The pharmaceutical giant also raised its full-year sales forecast and expects sales to extend by around 5%. Bristol Myers previously said it forecast revenue growth within the &#8220;high end&#8221; of low single digits. </p>
<p>The company also raised its adjusted 2024 earnings forecast to 75 cents to 95 cents per share, up from a previous forecast of 60 cents to 90 cents per share. </p>
<p>The results come as Bristol Myers seeks to chop costs by $1.5 billion by the top of 2025 and put that cash into key drug brands and research and development programs. The company said in April that this could include shedding greater than 2,000 employees, shutting down some drug programs and consolidating its locations, amongst other things. </p>
<p>The company&#39;s shares rose greater than 4% on Thursday.</p>
<p>Here&#39;s what Bristol Myers reported for the third quarter in comparison with Wall Street&#39;s expectations, based on an LSEG analyst survey: </p>
<ul>
<li><strong>Earnings per share:</strong> $1.80 adjusted vs. $1.49 expected</li>
<li><strong>Revenue: </strong>$11.89 billion versus expected $11.28 billion </li>
</ul>
<p>Bristol Myers had third-quarter net income of $1.21 billion, or 60 cents per share. By comparison, net income within the year-earlier period was $1.93 billion, or 93 cents per share. </p>
<p>Excluding certain items, the corporate reported adjusted earnings per share of $1.80 for the quarter. </p>
<p>The pharmaceutical giant&#39;s sales rose 8% to $11.89 billion in comparison with the identical period last 12 months. </p>
<p>The increase is on account of Eliquis and the corporate&#39;s so-called growth portfolio, which incorporates a cancer drug called Opdivo. However, sales were partially offset by leukemia drug Sprycel, which faces generic competition on account of its lack of exclusivity.</p>
<p>The company is preparing to offset lost sales of top-selling drugs which are expected to lose market exclusivity, including Eliquis, Opdivo and Revlimid, a blood cancer drug. </p>
<p>Sales of Eliquis could also take a success in 2026 when a brand new price for the drug goes into effect for certain Medicare patients after negotiations with the federal government. The first round of those price negotiations, a key provision of President Joe Biden&#39;s Inflation Reduction Act, was accomplished over the summer. </p>
<p>Notably, through the quarter, the Food and Drug Administration approved Bristol Myers Squibb&#39;s highly anticipated schizophrenia drug Cobenfy. It is the primary novel treatment for the debilitating, chronic mental disorder in greater than seven a long time.</p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline0"></a>Eliquis, recent drugs record growth </h2>
<div class="group">
<p>Eliquis reported revenue of $3 billion within the quarter, up 11% from the identical period last 12 months. That was above the $2.84 billion analysts had expected, in accordance with StreetAccount estimates.</p>
<p>The blood thinner Bristol Myers shares <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">Pfizer<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>is anticipated to lose its market exclusivity by 2028.</p>
<p>Revlimid posted revenue of $1.41 billion, down 1% from the identical period last 12 months. That beat analysts&#39; revenue expectations of $1.11 billion for the treatment, in accordance with StreetAccount. </p>
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<p>Revenue from the corporate&#39;s growth portfolio was $5.8 billion within the third quarter, up 18% from the identical period last 12 months. </p>
<p>This was driven partially by higher demand for anemia drug Reblozyl, which brought in $447 million within the third quarter, up 80% from the identical period last 12 months. Analysts polled by FactSet had expected the treatment to usher in $435 million in sales. </p>
<p>Advanced melanoma treatment Opdualag, lymphoma treatment Breyanzi and Camzyos, a drug for certain heart diseases, also helped boost growth portfolio sales within the third quarter, the corporate said. </p>
<p>According to StreetAccount, Breyanzi and Camzyos posted revenue above analysts&#39; expectations, while Opdualag fell wanting estimates. </p>
<p>Opdivo posted third-quarter revenue of $2.36 billion, up 4% from the identical period last 12 months. This was below analysts&#39; estimate of $2.41 billion for the quarter, in accordance with StreetAccount. </p>
<p>Meanwhile, Abecma, a cell therapy for a rare blood cancer called multiple myeloma, posted revenue of $124 million within the quarter. Analysts had expected sales of $110 million.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>A mother&#039;s warning to a Georgia school a couple of suspect raises questions</title>
		<link>https://bloggingthree.soflytech.com/2024/09/a-mothers-warning-to-a-georgia-school-a-couple-of-suspect-raises-questions/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Mon, 09 Sep 2024 07:55:54 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Georgia]]></category>
		<category><![CDATA[mother39s]]></category>
		<category><![CDATA[questions]]></category>
		<category><![CDATA[raises]]></category>
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		<category><![CDATA[Suspect]]></category>
		<category><![CDATA[warning]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=14262</guid>

					<description><![CDATA[By JEFF AMY ATLANTA (AP) – The mother of a student in school with the boy accused of killing 4 people in a Shooting at highschool in Georgia says information that faculty officials had been warned that the boy was in crisis showed the shooting might have been prevented. &#8220;The school failed them. They could [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2024/09/Georgia_School_Shooting_40117_db8c1d.jpg?w=1400px&amp;strip=all" /></p>
<div>
<p>By JEFF AMY</p>
<p>ATLANTA (AP) – The mother of a student in school with the boy accused of killing 4 people in a <a href="https://apnews.com/article/georgia-high-school-lockdown-3969d34cf6a7adc787facf21c469ef4d">Shooting at highschool in Georgia</a> says information that faculty officials had been warned that the boy was in crisis showed the shooting might have been prevented.</p>
<p>&#8220;The school failed them. They could have prevented these deaths, but they didn&#39;t,&#8221; Rabecca Sayarath told the Associated Press in a telephone interview on Sunday. &#8220;I really, really feel that way.&#8221;</p>
<p>Sayarath&#39;s daughter Lyela told reporters on Wednesday, the day of the shooting in <a href="https://apnews.com/article/georgia-school-shooting-suspect-apalachee-high-e13b91e80c7fbefd7e3104e710afeb8d">Apalachee High School</a> in Winder, Georgia, that the college administration was apparently on the lookout for Colt Gray, the 14-year-old <a href="https://apnews.com/video/shootings-georgia-courts-national-national-b285b84f4da24dc0b37c02afff479d59">who was accused</a> charged with quadruple murder before the shooting began.</p>
<p>Others refuse in charge the college or law enforcement.</p>
<p>&#8220;I&#39;m not going to judge or second guess what happened to the authorities the other night,&#8221; U.S. Senator Raphael Warnock, a Democrat from Georgia, said Sunday on CNN&#39;s &#8220;State of the Union.&#8221; &#8220;I applaud our first responders. When others are running from danger, they are running toward danger to do the best they can.&#8221;</p>
<p>Officials say <a href="https://apnews.com/article/georgia-high-school-shooting-victims-d5b510b7f855d235256d984ccd381571">Gray shot</a> Students Christian Angulo and Mason Schermerhorn, each 14, and teachers Richard Aspinwall, 39, and Cristina Irimie, 53, were injured. Eight other students and a teacher were injured &#8211; seven of them by gunfire &#8211; and are expected to get better soon.</p>
<p>Annie Brown told The Washington Post that her sister, Colt Gray&#39;s mother, sent her a text message saying she had spoken to a faculty counselor before the killings and warned staff of an &#8220;extreme emergency.&#8221; Brown said Marcee Gray urged her to seek out her son &#8220;immediately&#8221; to examine on him.</p>
<p>Brown provided screenshots of the text exchange to the newspaper, which also reported that a call log from the family&#39;s shared phone plan showed a call was made to the college at 9:50 a.m. Arrest warrants for Gray say the shooting began at 10:20 a.m.</p>
<p>Brown <a href="https://apnews.com/article/georgia-school-shooting-suspect-apalachee-high-92fce6b86f5e2ad23c3337aff1997cab">confirmed the reporting</a> The Reuters news agency told the Associated Press in text messages on Saturday, but declined to comment further.</p>
<p>Marcee Gray expressed her regret for Saturday&#39;s shootings to the Washington Post and the New York Post.</p>
<p>&#8220;I am so, so sorry and I cannot begin to imagine the pain and suffering they must be going through right now,&#8221; Gray said in a text message to The Washington Post.</p>
<p>&#8220;It&#39;s terrible. It&#39;s absolutely terrible,&#8221; Gray told the New York Post outside her father&#39;s house in Fitzgerald, Georgia, about 150 miles south of Atlanta.</p>
<p>Charles Polhamus, the boy&#39;s grandfather, has told multiple news outlets that Marcee Gray received a text message from her son apologizing on Wednesday. Polhamus told CNN that Marcee Gray drove to Winder, greater than 200 miles from Fitzgerald, immediately after the shooting.</p>
<p>The Washington Post also reported that relatives contacted the college per week before the shooting in regards to the boy&#39;s mental health and that Brown told a relative he was having &#8220;homicidal and suicidal thoughts.&#8221; The newspaper reported that the teenager&#39;s grandmother, Deborah Polhamus, visited a faculty counselor to ask for help.</p>
<p>The boy “starts with the therapist tomorrow,” Polhamus wrote in a text message to Brown after that meeting.</p>
<p>Investigators haven&#8217;t commented on what they consider Gray&#39;s motive might need been or whether or not they consider he was targeting specific victims.</p>
<p>Authorities said Gray’s father, <a href="https://apnews.com/article/georgia-school-shooting-suspect-apalachee-high-e13b91e80c7fbefd7e3104e710afeb8d">Colin Gray,</a> gave him access to the AR-15-style semi-automatic rifle utilized in the shooting. It&#39;s not clear how Gray got the gun on campus or what he did with it within the two hours between the beginning of classes at 8:15 a.m. and the primary shot.</p>
<p>Colin Gray is the primary parent of a faculty shooting suspect to be charged in Georgia, District Attorney Brad Smith said Friday. He is charged with second-degree murder, manslaughter and child abuse for giving his son the gun.</p>
<p>Colin Gray is in jail in Barrow County after refusing bail in a temporary court hearing Friday in Winder. Colt Gray is being held in a juvenile prison after refusing bail. Neither has been charged or entered a guilty plea.</p>
<p>Lyela Sayarath said Wednesday that Colt Gray left her algebra classroom and that she thought he was skipping class.</p>
<p>In the minutes before the shooting, a female administrator got here into her class on the lookout for a student with the identical last name and nearly an identical first name as Gray, she said. That other student was within the restroom, however the administrator demanded to see his bag. That student returned moments later along with his bag, Sayarath said, and told her administrators had concluded he was not the scholar they were on the lookout for.</p>
<p>Someone also called the teacher on the intercom, apparently asking for Gray, Sayarath said. She said when the intercom buzzed a second time, the teacher responded, &#8220;Oh, he&#39;s here,&#8221; when he saw Gray outside the classroom door.</p>
<p>When the scholars tried to open the door, which mechanically locks from the within when it&#8217;s closed, they backed away, Sayarath said. She said she saw Colt Gray turn away through the window within the door after which heard gunshots &#8211; &#8220;ten or fifteen at once, one after the other.&#8221;</p>
<p>Rabecca Sayarath, Lyela&#39;s mother, said she believes the college made a mistake by sending an unarmed administrator to look for Colt Gray as an alternative of considered one of Apalachee High School&#39;s armed security officers.</p>
<p>When she asked Barrow County Sheriff Jud Smith about her daughter&#39;s statement at a press conference Wednesday evening, Smith warned, &#8220;With all due respect, ma&#39;am, but I believe your information is incorrect.&#8221;</p>
<p>It is unclear whether Barrow County school authorities knew before the shooting that Colt and Colin Gray had already been questioned by a deputy sheriff in neighboring Jackson County in May 2023 after a shooting was reported online at a middle school attended by then-13-year-old Colt Gray.</p>
<p>Colt Gray told the deputy he would &#8220;never say something like that, even in jest,&#8221; in line with an investigators&#39; report. No motion was taken because there was conflicting information in regards to the social media account from which the threats originated.</p>
<p>Colin Gray told the investigator on the time that Colt had access to unloaded guns in the home but knew &#8220;how to use them and how not to use them.&#8221; He also said that his son had been having problems since separating from his wife and that Colt had been bullied at college.</p>
<p>Nicole Valles, a spokeswoman for the Barrow County School District, declined to comment Sunday on emailed questions searching for more details in regards to the events leading as much as the shooting.</p>
<p>&#8220;Because this is an ongoing investigation and the trial has now begun, we are not commenting on specific details,&#8221; Valles wrote, referring inquiries to the district attorney.</p>
<p>Smith didn&#8217;t immediately reply to emails with similar questions Sunday, while the Georgia Bureau of Investigation referred requests for comment to the district attorney.</p>
<p>Originally published: <time datetime="2024-09-08 14:19:07">September 8, 2024 at 2:19 p.m.</time></p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>OpenAI co-founder Ilya Sutskever raises $1 billion for his latest AI company</title>
		<link>https://bloggingthree.soflytech.com/2024/09/openai-co-founder-ilya-sutskever-raises-1-billion-for-his-latest-ai-company/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Wed, 04 Sep 2024 16:47:13 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
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		<category><![CDATA[OpenAI]]></category>
		<category><![CDATA[raises]]></category>
		<category><![CDATA[Sutskever]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=13842</guid>

					<description><![CDATA[OpenAI co-founder Ilya Sutskever, who left the synthetic intelligence startup in May, has raised $1 billion from investors for his latest AI company Safe Superintelligence (SSI). The company announced in a post on X that investors included Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel, in addition to NFDG, an investment partnership co-led by [&#8230;]]]></description>
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<p>OpenAI co-founder Ilya Sutskever, who left the synthetic intelligence startup in May, has raised $1 billion from investors for his latest AI company Safe Superintelligence (SSI).</p>
<p>The company announced in a <a href="https://x.com/ssi/status/1831325643226890379" target="_blank" rel="noopener">post</a> on X that investors included Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel, in addition to NFDG, an investment partnership co-led by SSI Managing Director Daniel Gross.</p>
<p>&#8220;We will work linearly toward the development of secure superintelligence, with one focus, one goal, and one product,&#8221; Sutskever wrote on X in May to announce the brand new enterprise.</p>
<p>Sutskever was chief scientist at OpenAI and led the corporate&#39;s Superalignment team alongside Jan Leike, who also left the corporate in May to hitch rival AI company Anthropic. Shortly after their departure, OpenAI disbanded the team, only a yr after it announced the group. Some of the team members were reassigned to other teams throughout the company, a source aware of the situation told CNBC on the time.</p>
<p>Leike wrote in a post on X on the time that OpenAI&#39;s &#8220;security culture and processes have taken a back seat to shiny products.&#8221;</p>
<p>Sutskever founded SSI with Daniel Gross, who led Apple&#39;s AI and search efforts, and former OpenAI worker Daniel Levy. The company has offices in Palo Alto, California, and Tel Aviv, Israel.</p>
<p>&#8220;SSI is our mission, our name and our entire product roadmap because it is our sole focus,&#8221; the corporate posted on X. &#8220;Our singular focus means we are not distracted by management overhead or product cycles, and our business model means safety, security and progress are insulated from short-term commercial constraints.&#8221;</p>
<p>Sutskever was considered one of the OpenAI board members involved within the temporary firing of co-founder and CEO Sam Altman in November.</p>
<p>In November, OpenAI&#39;s board of directors said in an announcement that Altman had &#8220;not been consistently candid in his communications with the board.&#8221; The matter quickly became more complex. <a href="https://www.wsj.com/tech/ai/ilya-sutskever-the-openai-genius-who-told-sam-altman-he-was-fired-26a3381c" target="_blank" rel="noopener">The Wall Street Journal</a> and other media reported that Sutskever had focused on ensuring that artificial intelligence didn&#8217;t harm people, while others, including Altman, had as a substitute been more desperate to advance the deployment of latest technologies.</p>
<p>Almost all of OpenAI&#39;s employees signed an open letter declaring that they would go away the corporate in response to the board&#39;s decision. Just a few days later, Altman was back at the corporate.</p>
<p>According to Altman <a href="https://openai.com/index/openai-announces-leadership-transition/" target="_blank" rel="noopener">sudden expulsion</a> and before his swift reinstatement, Sutskever publicly apologized for his role within the ordeal.</p>
<p>&#8220;I deeply regret my involvement in the board&#39;s actions,&#8221; Sutskever wrote in a post on X on Nov. 20. &#8220;I never intended to harm OpenAI. I love everything we&#39;ve built together and I will do everything I can to reunite the company.&#8221;</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Workday shares rise as software provider raises its 2027 margin goal</title>
		<link>https://bloggingthree.soflytech.com/2024/08/workday-shares-rise-as-software-provider-raises-its-2027-margin-goal/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Sun, 25 Aug 2024 03:56:16 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[margin]]></category>
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		<category><![CDATA[shares]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[Workday]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=12914</guid>

					<description><![CDATA[working day Shares rose 12% on Friday, a day after the financial and human resources software maker reported fiscal second-quarter results that beat analysts&#39; estimates and announced plans to further expand its adjusted operating margin through 2027. Here’s how the corporate performed in comparison with the LSEG consensus: Earnings per share: USD 1.75 adjusted versus [&#8230;]]]></description>
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<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">working day<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    Shares rose 12% on Friday, a day after the financial and human resources software maker reported fiscal second-quarter results that beat analysts&#39; estimates and announced plans to further expand its adjusted operating margin through 2027.</p>
<p>Here’s how the corporate performed in comparison with the LSEG consensus:</p>
<ul>
<li><strong>Earnings per share:</strong> USD 1.75 adjusted versus USD 1.65 expected</li>
<li><strong>Revenue:</strong> $2.085 billion in comparison with expected $2.071 billion</li>
</ul>
<p>Workday&#39;s revenue increased roughly 17% year-over-year within the quarter ended July 31, based on a <a href="https://www.prnewswire.com/news-releases/workday-announces-fiscal-2025-second-quarter-financial-results-302228869.html" target="_blank" rel="noopener">opinion</a>. Subscription revenue increased 17%. Net income was $132 million, or 49 cents per share, up from $79 million, or 30 cents per share, in the identical quarter last 12 months.</p>
<p>In terms of guidance, Workday now expects an adjusted operating margin of 25.25% in fiscal 2025, in comparison with the 25% guidance the corporate had provided. <a href="https://www.prnewswire.com/news-releases/workday-announces-fiscal-2025-first-quarter-financial-results-302154545.html" target="_blank" rel="noopener">in May</a>.</p>
<p>In a conference call with analysts on Thursday, Workday CFO Zane Rowe said he expects the corporate&#39;s adjusted operating margin to extend to 30% in fiscal years 2026 and 2027, together with 15% annual growth in subscription revenue. In September 2023, Workday will <a href="https://www.workday.com/content/dam/web/en-us/documents/investor/workday-2023-financial-analyst-day.pdf" target="_blank" rel="noopener">said</a> For fiscal 12 months 2027, the corporate targeted an adjusted operating margin of 25% and subscription revenue growth of between 17% and 19%.</p>
<p>&#8220;We are relentlessly focused on scaling all of our processes across the company as we review our product and go-to-market initiatives,&#8221; Rowe said. &#8220;We are also becoming more targeted in our growth investments, balancing product development with go-to-market resources.&#8221;</p>
<p>Deutsche Bank analysts led by Brad Zelnick have raised their price goal for Workday shares over the subsequent twelve months from $265 to $275. They rate the stock as “Hold.”</p>
<p>“The increased 30% operating margin target was the big positive surprise as it was now achieved both earlier and to a greater extent than most had expected,” the analysts wrote.</p>
<p>Analysts at Citi, Evercore ISI and Piper Sandler also raised their price targets for Workday following the corporate&#39;s report.</p>
<p>However, conditions usually are not ideal for Workday. Companies are still more cautious than usual before signing contracts, Rowe said, adding that headcount growth in the present customer base has slowed.</p>
<p>Many other software firms have pointed to tougher economic conditions in recent quarters. But on Friday, Federal Reserve Chairman Jerome Powell said &#8220;it&#39;s time to adjust policy,&#8221; a touch that the central bank will cut its benchmark rate of interest. That may benefit growing cloud software firms like Workday. Investors have been turning away from these assets and choosing more defensive investments in 2022, anticipating rate hikes to ward off inflation.</p>
<p>The WisdomTree Cloud Computing Fund, an exchange-traded fund that features Workday, ended Friday&#39;s trading session up 2%. The S&#038;P 500 Index gained 1%.</p>
<p>However, Workday CEO Carl Eschenbach didn&#8217;t indicate that market conditions would improve soon.</p>
<p>&#8220;We actually believe that the current environment of IT spending and the environment in which we sell is not just the last few quarters,&#8221; he said. &#8220;We believe it will be the new norm going forward. We are prepared because we have a great product.&#8221;</p>
<p><strong>REGARD:</strong> Software is a great investment in small caps since the returns are more regular, says Julie Biel</p>
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		<title>Blockchain startup Story raises money from a16z to stop IP theft through AI</title>
		<link>https://bloggingthree.soflytech.com/2024/08/blockchain-startup-story-raises-money-from-a16z-to-stop-ip-theft-through-ai/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Wed, 21 Aug 2024 15:32:38 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[a16z]]></category>
		<category><![CDATA[Blockchain]]></category>
		<category><![CDATA[money]]></category>
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		<category><![CDATA[story]]></category>
		<category><![CDATA[theft]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=12575</guid>

					<description><![CDATA[San Francisco-based startup Story announced Wednesday that it has raised $80 million in funding for a blockchain designed to forestall artificial intelligence makers like OpenAI from hijacking their developers&#39; mental property without permission. The round values ​​the two-year-old company at $2.25 billion, sources accustomed to the matter told CNBC. The sources requested anonymity because the [&#8230;]]]></description>
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<p>San Francisco-based startup Story announced Wednesday that it has raised $80 million in funding for a blockchain designed to forestall artificial intelligence makers like OpenAI from hijacking their developers&#39; mental property without permission.</p>
<p>The round values ​​the two-year-old company at $2.25 billion, sources accustomed to the matter told CNBC. The sources requested anonymity because the knowledge has not been made public.</p>
<p>Story said it raised the funds in a Series B round of financing — typically the third major round of funding in a non-public startup&#39;s journey after seed and Series A funding — led by Andreessen Horowitz, also often known as a16z.</p>
<p>Cryptocurrency enterprise capital firm Polychain and Brevan Howard, the investment fund of British billionaire and hedge fund manager Alan Howard, also invested.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"></a>Construction of an “IP Legoland”</h2>
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<p>A blockchain is a distributed database that maintains an immutable record of activity. It is the technology that underlies cryptocurrencies resembling Bitcoin and Ether.</p>
<p>Story acts as a blockchain network that permits creators to prove that they created a bit of content and own the mental property by storing their mental property on the platform.</p>
<p>The company&#39;s technology is designed to guard the mental property of people and firms by embedding related terms, resembling royalties and royalty-sharing agreements, into smart contracts.</p>
<p>Smart contracts are digital contracts which can be stored in a blockchain and are mechanically executed as soon as certain conditions are met.</p>
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<p>This will make copyright holders&#39; mental property &#8220;programmable,&#8221; SY Lee, co-founder and CEO of Story, told CNBC, as it&#8217;s going to set rules for a way their content will be used and the worth for reproducing or remixing their works.</p>
<p>The advantage of that is that it effectively eliminates the middlemen who normally play a job in copyright infringement disputes within the media landscape, Lee said.</p>
<p>&#8220;Now intellectual property has become intellectual property rights,&#8221; Lee told CNBC. &#8220;Now you don&#39;t need lawyers. You don&#39;t need agents. You don&#39;t have to have these very lengthy business development negotiations. You just tie your licensing and royalty sharing terms into little contracts.&#8221;</p>
<p>Story makes money by charging a network fee for each motion that takes place on its network.</p>
<p>An example of an organization that uses Story is Ablo, an AI tool that permits users to create their very own customized fashion items using designs from well-known brands resembling French designer clothing company Balmain and Italian luxury fashion house Dolce and Gabbana.</p>
<p>Brands are compensated for using fashion designers&#39; mental property through various related licensing and revenue sharing agreements.</p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline1"></a>Fighting copyright theft in AI</h2>
<div class="group">
<p>Story is now attempting to use its technology to handle a current problem: the theft of copyrighted media on the Internet through powerful generative AI models like OpenAI&#39;s ChatGPT.</p>
<p>These models, which construct on the foundations of many AI chatbots which can be increasingly getting used as an alternative choice to search, require huge amounts of coaching data to enable their systems to supply advanced and informative responses to user queries.</p>
<p>But the information that goes into these AI models often comes from sources which can be subject to copyright restrictions.</p>
<p>The New York Times suggested last yr <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Microsoft<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    and OpenAI with a copyright lawsuit searching for damages for misuse of the newspaper&#39;s mental property.</p>
<p>In its lawsuit, the Times cited several examples during which GPT-4 created altered versions of fabric originally published by the newspaper.</p>
<p>Big tech firms like Microsoft, which has invested $13 billion in OpenAI and is reportedly entitled to a 49 percent stake in the corporate, &#8220;are essentially stealing your intellectual property for training purposes and taking virtually all the profits,&#8221; Lee said.</p>
<p>In a motion to partially dismiss the Times&#39; lawsuit in March, Microsoft said such allegations were &#8220;meritless&#8221; and that the lawsuit was a misrepresentation of &#8220;doomsday futurology.&#8221;</p>
<p>The content used to coach these models, Microsoft&#39;s lawyers argued, &#8220;does not replace the market for the works, but rather teaches the models the language.&#8221;</p>
<p>When CNBC contacted Microsoft about Lee&#39;s comments, the corporate was not immediately available for comment.</p>
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<p>Good mental property is required to coach such AI models, Story&#39;s Lee told CNBC, but he added that AI firms will suffer losses in the long term in the event that they don&#8217;t properly compensate the publishers and developers from whom they source these vast amounts of mental property data.</p>
<p>&#8220;To achieve sustainable growth in AI, you need to have excellent intellectual property. Without excellent human-generated data, AI models will not be able to train and improve themselves,&#8221; Lee said.</p>
<p>Not many startups are developing technologies specifically designed to combat IP theft through AI.</p>
<p>A project on the University of Chicago entitled <a href="https://techcrunch.com/2023/03/17/glaze-generative-ai-art-style-mimicry-protection/" target="_blank" rel="noopener">glaze</a>offers a free app for artists to combat the theft of their mental property by AI tools. This technology is used to make subtle changes to artworks which can be designed to interfere with the flexibility of AI models to read data on the artwork and mimic the form of the artwork and its artist.</p>
<p>Story, founded in 2022, plans to make use of the fresh money to expand its IP network infrastructure and convey more developer partners on board. The company already has over 200 developers using its platform to enable content creation with programmable IP.</p>
<p>Lee added: &#8220;There&#39;s a big, amazing digital renaissance that&#39;s making everyone a creator or a studio, but at the same time, if no one is actually paying compensation and properly monetizing the intellectual property, it&#39;s a suicidal act for AI in the long run.&#8221;</p>
</div>
</div>
<p><em>image credit : www.cnbc.com</em></p>
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		<title>Kamala Harris raises $12 million at fundraiser in San Francisco</title>
		<link>https://bloggingthree.soflytech.com/2024/08/kamala-harris-raises-12-million-at-fundraiser-in-san-francisco-2/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Mon, 12 Aug 2024 04:14:41 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Francisco]]></category>
		<category><![CDATA[fundraiser]]></category>
		<category><![CDATA[Harris]]></category>
		<category><![CDATA[Kamala]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=11672</guid>

					<description><![CDATA[SAN FRANCISCO &#8211; Riding the momentum of a tour of the country&#39;s swing states alongside her newly minted running mate Tim Walz, Vice President Kamala Harris traveled to her home state on Sunday to talk at a fundraiser before a crowd of major Bay Area donors and California politicians. &#8220;There are two very different visions [&#8230;]]]></description>
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<div>
<p>SAN FRANCISCO &#8211; Riding the momentum of a tour of the country&#39;s swing states alongside her newly minted running mate Tim Walz, Vice President Kamala Harris traveled to her home state on Sunday to talk at a fundraiser before a crowd of major Bay Area donors and California politicians.</p>
<p>&#8220;There are two very different visions for our nation. One that focuses on our future and one that focuses on the past,&#8221; Harris told 700 people on the Fairmont Hotel on Nob Hill. &#8220;Our fight is a fight for the future, and it is a fight for freedom.&#8221;</p>
<p>The sold-out event, the primary fundraiser Harris has attended within the Bay Area since she ascended to the highest of the Democratic Party in July, raised greater than $12 million, in keeping with a campaign official. Tickets ranged from $3,300 to $50,000, and donors of $500,000 may very well be named as event chairs.</p>
<p>In her speech, the Vice President took aim at her opponent, former President Donald Trump, and his &#8220;Project 2025,&#8221; a comprehensive package of policy proposals from conservative groups that will reshape the federal government and expand the president&#39;s powers if he&#8217;s re-elected.</p>
<p>“Can you believe they put that in writing?” she said.</p>
<p>Harris received thunderous applause when she mentioned abortion rights and promised to enact Roe v. Wade protections as president. She also told the group, &#8220;We trust women to know what is in their own best interest.&#8221;</p>
<p>Her speech was all about domestic politics. Harris made no mention of the war in Gaza, despite the fact that around 120 protesters gathered within the streets outside the Fairmont and demanded that she &#8220;stop the genocide.&#8221;</p>
<p>Inside, lots of California&#39;s leading Democrats were in attendance, including Gov. Gavin Newsom, whom Harris thanked for being &#8220;an extraordinary leader for California,&#8221; in addition to U.S. Rep. Barbara Lee of Oakland, Attorney General Rob Bonta and Evan Low, a California Assembly member and candidate for the U.S. House of Representatives. Local San Francisco politicians, including Mayor London Breed and her challenger, Board of Supervisors President Aaron Peskin, were also within the audience. Jeffrey Katzenberg, co-founder of DreamWorks and co-chair of Harris&#39; campaign, was among the many donors in attendance.</p>
<p>Harris was led onto the stage by House Speaker Emeritus Nancy Pelosi, who has been working behind the scenes to get Biden to step down and clear the way in which for the vp to rise. Pelosi urged the group to &#8220;take the ground with our mobilization.&#8221;</p>
<p>&#8220;We don&#39;t want to regret the day after the election that we could have done so much more,&#8221; she said. &#8220;Democracy is on the ballot.&#8221;</p>
<p>As Harris finished her speech, the group streamed toward the stage and held out their cellphones to snap a photograph with their hometown candidate. One of the lucky few who got close enough for a handshake clutched her wrist as she left the ballroom.</p>
<p>“I will never wash this hand!” she said, beaming.</p>
<p>Harris has raised a variety of money in recent weeks and <a href="https://www.reuters.com/world/us/harris-raises-310-million-july-campaign-shakeup-energizes-donors-2024-08-02/">310 million US dollars</a> in July, fueled by a flood of donations after President Joe Biden dropped his re-election bid. In addition, she raised $36 million within the 24 hours after announcing Minnesota Gov. Walz as her running mate. (Walz didn&#8217;t attend Sunday&#39;s event, despite earlier reports that he might appear alongside Harris.)</p>
<p>Polls show the vp has a small lead over former President Trump. <a href="https://www.nytimes.com/interactive/2024/08/10/us/elections/times-siena-poll-registered-voter-crosstabs.html">New York Times/Siena College</a> A poll conducted this week found Harris leading Trump 50% to 46% in the important thing swing states of Wisconsin, Michigan and Pennsylvania &#8211; but those leads are throughout the poll&#39;s margin of error.</p>
<p>Here within the Bay Area, Harris&#39; rapid rise to the nominee position has energized Democratic supporters and donors who had grown weary on the prospect of one other Biden-Trump rematch.</p>
<p>Earlier this week, a gaggle of Silicon Valley investors called &#8220;VCs for Kamala&#8221; received nearly $150,000 in pledges to Harris&#39; campaign. Among the donors were LinkedIn co-founder and chief executive Reid Hoffman, who was also present at Sunday&#39;s fundraiser, and billionaire investor Ron Conway, the New York Times reported.</p>
<figure id="attachment_10912784" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" class="lazyautosizes lazyload" alt="People watch as a motorcade carrying Democratic presidential candidate Vice President Kamala Harris drives into San Francisco International Airport in San Francisco, Sunday, Aug. 11, 2024. (AP Photo/Julia Nikhinson, Pool)" width="884" height="590" data-sizes="auto" src="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-HARRIS-0812-03.jpg?fit=620%2C9999px&#038;ssl=1" data-attachment-id="10912784" srcset="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-HARRIS-0812-03.jpg?fit=620%2C9999px&#038;ssl=1 620w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-HARRIS-0812-03.jpg?fit=210%2C9999px&#038;ssl=1 210w"><figcaption class="wp-caption-text">People watch as a motorcade carrying Democratic presidential candidate Vice President Kamala Harris drives into San Francisco International Airport in San Francisco, Sunday, Aug. 11, 2024. (AP Photo/Julia Nikhinson, Pool) </figcaption></figure>
<p>With lower than three months to go before the November election, Harris&#39; campaign has shifted its campaign efforts into high gear. The night before her fundraiser in San Francisco, Harris spoke to greater than 12,000 people in Las Vegas—her fifth rally in five days—where she <a href="https://www.washingtonpost.com/politics/2024/08/11/kamala-harris-no-taxes-tips-trump/">promised to abolish the federal tax on suggestions</a> if she is elected. It followed an analogous suggestion made by Trump two months earlier &#8211; a fact he was quick to indicate on social media, calling her a &#8220;copycat Kamala.&#8221;</p>
<p>Meanwhile, Trump’s campaign schedule is comparatively quieter. On Thursday, he said he <a href="https://www.cnbc.com/2024/08/08/trump-off-campaign-trail-as-harris-walz-vance-barnstorm.html">wouldn&#8217;t appear at any rally</a> until after the Democratic Party Convention, which ends on August twenty second.</p>
<p>The convention will cap off a turbulent August campaign schedule for Harris and Walz, however it stays to be seen whether the candidates can maintain Democratic enthusiasm into November.</p>
<p>In the Bay Area, one other fundraiser is planned for August 17 in Mill Valley, but neither Harris nor Walz are expected to seem.</p>
<p><iframe src="https://embed.bloom.li/article/map?zoom=far&#038;post_key=Fcv6E5Oxg3XmKWkiFEwC" title="Story map" style="display:block;border:none;visibility:visible;width:100% !important;height:300px;"></iframe></p>
<p>Originally published: <time datetime="2024-08-11 14:18:48">August 11, 2024 at 2:18 pm</time></p>
</div>
<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Kamala Harris raises $12 million at fundraiser in San Francisco</title>
		<link>https://bloggingthree.soflytech.com/2024/08/kamala-harris-raises-12-million-at-fundraiser-in-san-francisco/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Mon, 12 Aug 2024 00:10:17 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Francisco]]></category>
		<category><![CDATA[fundraiser]]></category>
		<category><![CDATA[Harris]]></category>
		<category><![CDATA[Kamala]]></category>
		<category><![CDATA[million]]></category>
		<category><![CDATA[raises]]></category>
		<category><![CDATA[San]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=11662</guid>

					<description><![CDATA[SAN FRANCISCO &#8211; Riding the momentum of a tour of the country&#39;s swing states alongside her newly minted running mate Tim Walz, Vice President Kamala Harris traveled to her home state on Sunday to talk at a fundraiser before a crowd of major Bay Area donors and California politicians. &#8220;There are two very different visions [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div>
<p>SAN FRANCISCO &#8211; Riding the momentum of a tour of the country&#39;s swing states alongside her newly minted running mate Tim Walz, Vice President Kamala Harris traveled to her home state on Sunday to talk at a fundraiser before a crowd of major Bay Area donors and California politicians.</p>
<p>&#8220;There are two very different visions for our nation. One that focuses on our future and one that focuses on the past,&#8221; Harris told 700 people on the Fairmont Hotel on Nob Hill. &#8220;Our fight is a fight for the future, and it is a fight for freedom.&#8221;</p>
<p>The sold-out event, the primary fundraiser Harris has attended within the Bay Area since she ascended to the highest of the Democratic Party in July, raised greater than $12 million, in response to a campaign official. Tickets ranged from $3,300 to $50,000, and donors of $500,000 could possibly be named as event chairs.</p>
<p>In her speech, the Vice President took aim at her opponent, former President Donald Trump, and his &#8220;Project 2025,&#8221; a comprehensive package of policy proposals from conservative groups that will reshape the federal government and expand the president&#39;s powers if he&#8217;s re-elected.</p>
<p>“Can you believe they put that in writing?” she said.</p>
<p>Harris received thunderous applause when she mentioned abortion rights and promised to enact Roe v. Wade protections as president. She also told the gang, &#8220;We trust women to know what is in their own best interest.&#8221;</p>
<p>Her speech was all about domestic politics. Harris made no mention of the war in Gaza, regardless that around 120 protesters gathered within the streets outside the Fairmont and demanded that she &#8220;stop the genocide.&#8221;</p>
<p>Inside, lots of California&#39;s leading Democrats were in attendance, including Gov. Gavin Newsom, whom Harris thanked for being &#8220;an extraordinary leader for California,&#8221; in addition to U.S. Rep. Barbara Lee of Oakland, Attorney General Rob Bonta and Evan Low, a California Assembly member and candidate for the U.S. House of Representatives. Local San Francisco politicians, including Mayor London Breed and her challenger, Board of Supervisors President Aaron Peskin, were also within the audience. Jeffrey Katzenberg, co-founder of DreamWorks and co-chair of Harris&#39; campaign, was among the many donors in attendance.</p>
<p>Harris was led onto the stage by House Speaker Emeritus Nancy Pelosi, who has been working behind the scenes to get Biden to step down and clear the best way for the vice chairman to rise. Pelosi urged the gang to &#8220;take the ground with our mobilization.&#8221;</p>
<p>&#8220;We don&#39;t want to regret the day after the election that we could have done so much more,&#8221; she said. &#8220;Democracy is on the ballot.&#8221;</p>
<p>As Harris finished her speech, the gang streamed toward the stage and held out their cellphones to snap a photograph with their hometown candidate. One of the lucky few who got close enough for a handshake clutched her wrist as she left the ballroom.</p>
<p>“I will never wash this hand!” she said, beaming.</p>
<p>Harris has raised numerous money in recent weeks and <a href="https://www.reuters.com/world/us/harris-raises-310-million-july-campaign-shakeup-energizes-donors-2024-08-02/">310 million US dollars</a> in July, fueled by a flood of donations after President Joe Biden dropped his re-election bid. In addition, she raised $36 million within the 24 hours after announcing Minnesota Gov. Walz as her running mate. (Walz didn&#8217;t attend Sunday&#39;s event, despite earlier reports that he might appear alongside Harris.)</p>
<p>Polls show the vice chairman has a small lead over former President Trump. <a href="https://www.nytimes.com/interactive/2024/08/10/us/elections/times-siena-poll-registered-voter-crosstabs.html">New York Times/Siena College</a> A poll conducted this week found Harris leading Trump 50% to 46% in the important thing swing states of Wisconsin, Michigan and Pennsylvania &#8211; but those leads are throughout the poll&#39;s margin of error.</p>
<p>Here within the Bay Area, Harris&#39; rapid rise to the nominee position has energized Democratic supporters and donors who had grown weary on the prospect of one other Biden-Trump rematch.</p>
<p>Earlier this week, a gaggle of Silicon Valley investors called &#8220;VCs for Kamala&#8221; received nearly $150,000 in pledges to Harris&#39; campaign. Among the donors were LinkedIn co-founder and chief executive Reid Hoffman, who was also present at Sunday&#39;s fundraiser, and billionaire investor Ron Conway, the New York Times reported.</p>
<figure id="attachment_10912784" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" class="lazyautosizes lazyload" alt="People watch as a motorcade carrying Democratic presidential candidate Vice President Kamala Harris drives into San Francisco International Airport in San Francisco, Sunday, Aug. 11, 2024. (AP Photo/Julia Nikhinson, Pool)" width="884" height="590" data-sizes="auto" src="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-HARRIS-0812-03.jpg?fit=620%2C9999px&#038;ssl=1" data-attachment-id="10912784" srcset="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-HARRIS-0812-03.jpg?fit=620%2C9999px&#038;ssl=1 620w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-HARRIS-0812-03.jpg?fit=210%2C9999px&#038;ssl=1 210w"><figcaption class="wp-caption-text">People watch as a motorcade carrying Democratic presidential candidate Vice President Kamala Harris drives into San Francisco International Airport in San Francisco, Sunday, Aug. 11, 2024. (AP Photo/Julia Nikhinson, Pool) </figcaption></figure>
<p>With lower than three months to go before the November election, Harris&#39; campaign has shifted its campaign efforts into high gear. The night before her fundraiser in San Francisco, Harris spoke to greater than 12,000 people in Las Vegas—her fifth rally in five days—where she <a href="https://www.washingtonpost.com/politics/2024/08/11/kamala-harris-no-taxes-tips-trump/">promised to abolish the federal tax on suggestions</a> if she is elected. It followed an identical suggestion made by Trump two months earlier &#8211; a fact he was quick to indicate on social media, calling her a &#8220;copycat Kamala.&#8221;</p>
<p>Meanwhile, Trump’s campaign schedule is comparatively quieter. On Thursday, he said he <a href="https://www.cnbc.com/2024/08/08/trump-off-campaign-trail-as-harris-walz-vance-barnstorm.html">wouldn&#8217;t appear at any rally</a> until after the Democratic Party Convention, which ends on August twenty second.</p>
<p>The convention will cap off a turbulent August campaign schedule for Harris and Walz, however it stays to be seen whether the candidates can maintain Democratic enthusiasm into November.</p>
<p>In the Bay Area, one other fundraiser is planned for August 17 in Mill Valley, but neither Harris nor Walz are expected to seem.</p>
<p><iframe src="https://embed.bloom.li/article/map?zoom=far&#038;post_key=Fcv6E5Oxg3XmKWkiFEwC" title="Story map" style="display:block;border:none;visibility:visible;width:100% !important;height:300px;"></iframe></p>
<p>Originally published: <time datetime="2024-08-11 14:18:48">August 11, 2024 at 2:18 pm</time></p>
</div>
<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Eli Lilly beats estimates and raises forecast as Zepbound and Mounjaro sales soar</title>
		<link>https://bloggingthree.soflytech.com/2024/08/eli-lilly-beats-estimates-and-raises-forecast-as-zepbound-and-mounjaro-sales-soar/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Thu, 08 Aug 2024 14:40:23 +0000</pubDate>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[beats]]></category>
		<category><![CDATA[Eli]]></category>
		<category><![CDATA[estimates]]></category>
		<category><![CDATA[forecast]]></category>
		<category><![CDATA[Lilly]]></category>
		<category><![CDATA[Mounjaro]]></category>
		<category><![CDATA[raises]]></category>
		<category><![CDATA[sales]]></category>
		<category><![CDATA[soar]]></category>
		<category><![CDATA[Zepbound]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=11338</guid>

					<description><![CDATA[Eli Lilly reported on Thursday Second quarter results and revenue exceeded all expectations, raising full-year revenue guidance by $3 billion as sales of the hit diabetes drug Mounjaro and weight-loss injection Zepbound soared. Eli Lilly shares rose greater than 10% in early trading Thursday. The pharmaceutical manufacturer now expects sales of between $45.4 billion and [&#8230;]]]></description>
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<div>
<p>Eli Lilly reported on Thursday <a href="https://investor.lilly.com/static-files/fef39690-dd18-4f69-a3ef-5bca5feefa99" target="_blank" rel="noopener">Second quarter results</a> and revenue exceeded all expectations, raising full-year revenue guidance by $3 billion as sales of the hit diabetes drug Mounjaro and weight-loss injection Zepbound soared.</p>
<p>Eli Lilly shares rose greater than 10% in early trading Thursday.</p>
<p>The pharmaceutical manufacturer now expects sales of between $45.4 billion and $46.6 billion for the approaching 12 months, a rise of $3 billion at each end of the range.</p>
<p>The company also raised its adjusted annual earnings to $16.10 to $16.60, in comparison with a previous forecast of $13.50 to $14 per share.</p>
<p>Eli Lilly said the rise in guidance was primarily as a result of strong performance from Mounjaro and Zepbound and partly as a result of &#8220;improved clarity&#8221; regarding the corporate&#39;s manufacturing expansions and planned launch of Mounjaro outside the U.S.<strong> </strong>The company said it achieved several supply-related milestones in the course of the quarter, but didn&#8217;t provide specific details.</p>
<p>Demand far exceeds supply for incretin drugs like Zepbound and Mounjaro. These drugs mimic hormones produced within the gut to suppress appetite and regulate blood sugar.<strong> </strong>This has forced Eli Lilly and its rival <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">Novo Nordisk<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    to speculate massively to spice up production.</p>
<p>But Eli Lilly&#39;s supply shortages may steadily ease. On Friday, the drug database of the American Food and Drug Administration (FDA) reported that after an extended period of shortages, all doses of Zepbound and Mounjaro were available again within the USA.</p>
<p>However, the corporate cautioned that the expected increase in demand for certain doses of its incretin drugs may lead to temporary &#8220;supply shortages.&#8221; </p>
<p>&#8220;We&#39;re just seeing incredible demand and we&#39;re not even trying to promote this drug particularly heavily,&#8221; Eli Lilly CEO David Ricks said in an interview with CNBC. &#8220;What you&#39;re seeing here is just organic consumer demand as we&#39;ve shipped more product and brought more supply online in the United States.&#8221; </p>
<p>Ricks said the corporate has built six manufacturing plants, a few of that are already in operation, and hired hundreds of employees to extend production. Eli Lilly expects production of incretin drugs to be 50% higher within the second half of 2024 than in the identical period last 12 months, he noted.  </p>
<p>&#8220;We&#39;re on track to do that until 2025,&#8221; he said. Ricks added that Eli Lilly remains to be developing more convenient weight-loss pills that might help the corporate meet rapidly increasing demand.</p>
<p>Here&#39;s what Eli Lilly reported for the second quarter and what Wall Street expected based on an analyst survey conducted by LSEG: </p>
<ul>
<li><strong>Earnings per share:</strong> USD 3.92 adjusted versus USD 2.60 expected</li>
<li><strong>Revenue:</strong> 11.30 billion US dollars in comparison with expected 9.92 billion US dollars</li>
</ul>
<p>The pharmaceutical giant posted net profit of $2.97 billion, or $3.28 per share, for the second quarter. In the identical period last 12 months, profit was $1.76 billion, or $1.95 per share. </p>
<p>Excluding one-time items related to the worth of intangible assets and other adjustments, Eli Lilly reported earnings of $3.92 per share for the second quarter of 2024.</p>
<p>The company reported second-quarter revenue of $11.30 billion, up 36% from the identical period last 12 months. </p>
<p>According to Eli Lilly, sales were primarily as a result of increased demand for Mounjaro and Zepbound as production increases improved supply within the United States.</p>
<p>It is Zepbound&#39;s second full quarter within the U.S. market after receiving regulatory approval in November.<strong> </strong>The weekly money injection brought in revenue of $1.24 billion for the period, well above the $922.2 million expected by analysts, in keeping with StreetAccount. </p>
<p>Meanwhile, Mounjaro posted second-quarter revenue of $3.09 billion, greater than triple the revenue of the identical period last 12 months. Analysts had expected revenue of $2.39 billion, in keeping with StreetAccount.</p>
<p>Prices for Mounjaro were higher within the U.S. within the second quarter, partly as a result of increased access to the drug and lower use of savings card programs in comparison with the identical period last 12 months. </p>
<p>However, the corporate said savings cards are expected to have &#8220;only a minimal effect&#8221; on actual price comparisons within the second half of the 12 months since the $25 monthly coupon for patients without insurance coverage for Mounjaro expired in June. </p>
<p>Ricks said prices for Eli Lilly&#39;s incretin drugs were &#8220;fairly stable&#8221; within the second quarter. </p>
<p>The situation is different for Novo Nordisk, which on Wednesday reported weaker-than-expected second-quarter sales of its weight-loss drug Wegovy and the diabetes injection Ozempic, partly as a result of price pressure. </p>
<p>Wegovy&#39;s revenue was hit by higher-than-expected price concessions to U.S. pharmacy profit managers, who negotiate drug discounts with manufacturers on behalf of insurers, Novo Nordisk executives said Wednesday during a quarterly earnings conference call.</p>
<p>Eli Lilly shares have risen greater than 30% this 12 months after rising nearly 60% in 2023, because of rising demand for the corporate&#39;s weight-loss and diabetes drugs — and increased investor interest of their potential as treatments for other health conditions. That popularity comes despite their high monthly prices, inconsistent insurance coverage and intermittent supply shortages. </p>
<p>With a market capitalization of over $730 billion, Eli Lilly is the biggest pharmaceutical company based within the United States</p>
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<p><em>image credit : www.cnbc.com</em></p>
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