Connect with us

Press Releases

The Independence Party of New York Endorses Brock Pierce for President of the United States

Avatar

Published

on

Press Release updated: Aug 24, 2020 19:28 EDT


Brock Pierce, the digital currency pioneer and global philanthropist, received the unanimous endorsement of the Independence Party of New York at its presidential nominating convention on Thursday. The party, which has more than 500,000 members statewide, represents the largest organized bloc of moderate voters of any minor party in the state, and it is among the largest third-party political organizations in the nation.

Chairman Frank MacKay stated the following: “Brock Pierce is clearly the best candidate for our times. The world is changing, and we need a President of the United States who understands how to leverage science, technology, and the digital economy to improve people’s lives. Brock Pierce is the kind of principled leader that can move this nation forward and create a new major party in America based in common sense and moderate policies to counteract the highly partisan nature of the current electoral landscape.” 

Upon accepting the nomination, Pierce stated, “I feel very honored to receive the endorsement of the Independence Party of New York for our campaign for President of The United States of America. Having the support of the third-largest party in America is a massive endorsement of the freedom, prosperity, and harmony that our campaign is all about. This is a time of unprecedented crisis, calling for unprecedented solutions worthy of the 21st Century. I am prepared to lead America with all of my heart, mind, soul, and spirit. If we join together now, in this moment, we can rise from the ashes of divisiveness and create a much better world.”

Brock Pierce is a proven innovator and global leader in technology and the economics of digital currency. Brock’s love for technology and its limitless possibilities inspired him to become an entrepreneur at the age of 16 and eventually a leader in blockchain technology, a modern expression of the American dream. Brock’s companies and his inventiveness have helped grow the American economy, and through his development and investments in emerging technologies such as the blockchain, he has created thousands of jobs and a strong economic foundation for future generations. ​

The Party also endorsed Pierce’s running mate, Karla Ballard, for Vice President. “We are wholeheartedly pleased to support Karla Ballard for Vice President of the United States. In addition to a strong track record in business and social change, she will take her place in history among the women running for Vice President in the 2020 election,” stated Chairman MacKay.   

The Independence Party of New York also launched a new website at www.independencepartyny.org for information about the party, presidential race, and mission. 

More information on Brock Pierce and his candidacy may be found at www.brock.vote.

Media Contact:
Frank MacKay, State Chairman of the Independence Party of NY
(631) 741-8518
​Email: frank@independencepartyny.org

Source: Independence Party of New York

Source: https://www.newswire.com/news/the-independence-party-of-new-york-endorses-brock-pierce-for-president-21198270

Continue Reading

Press Releases

Mirati Therapeutics Announces Pricing Of Public Offering Of Common Stock

SAN DIEGO, Oct. 27, 2020 /PRNewswire/ — Mirati Therapeutics, Inc. (Nasdaq: MRTX) today announced the pricing of an underwritten public offering of 4,335,397 shares of its common stock at a price to the public of $202.00 per share, which consists of 3,960,397 shares to be sold by Mirati…

Avatar

Published

on

SAN DIEGO, Oct. 27, 2020 /PRNewswire/ — Mirati Therapeutics, Inc. (Nasdaq: MRTX) today announced the pricing of an underwritten public offering of 4,335,397 shares of its common stock at a price to the public of $202.00 per share, which consists of 3,960,397 shares to be sold by Mirati and 375,000 shares to be sold by a selling stockholder. The aggregate gross proceeds to Mirati from this offering are expected to be approximately $800.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Mirati. The offering is expected to close on or about October 30, 2020, subject to customary closing conditions. Mirati has also granted the underwriters a 30-day option to purchase up to an additional 625,309 shares of common stock in connection with the public offering and the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 25,000 shares of common stock in connection with the public offering. Mirati will not receive any proceeds from the sale of common stock by the selling stockholder.

Mirati expects to use the net proceeds from this offering for general corporate purposes, including expenses related to the clinical and commercial development and manufacturing scale-up of adagrasib (MRTX849) and sitravatinib, the preclinical and clinical development of MRTX1133, a KRAS G12D inhibitor, and the development of other preclinical programs and the expansion of its organizational capabilities, including establishing commercial operations, and for working capital.

Goldman Sachs & Co. LLC, SVB Leerink LLC, Cowen and Company, LLC and Evercore Group, L.L.C.  are acting as joint book-running managers in the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Piper Sandler & Co. are also acting as book-running managers in the offering.

The shares of common stock described above are being offered pursuant to a shelf registration statement filed by Mirati with the Securities and Exchange Commission (“SEC”) that became automatically effective upon filing. A preliminary prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by email at [email protected]; or from SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by telephone at (800) 808-7525, ext. 6132, or by email at [email protected]; or from Cowen and Company, LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (833) 297-2926, or by email at [email protected]; or from Evercore Group, L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, or by telephone at (888) 474-0200, or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Mirati Therapeutics

Mirati Therapeutics is a San Diego-based late-stage biotechnology company relentlessly focused on translating drug discovery and research into new treatments for patients by advancing and delivering novel therapeutics that target the genetic and immunologic drivers of cancer. Mirati is advancing a novel pipeline to treat large patient populations across multiple programs and tumor types, including two programs, adagrasib and sitravatinib, in registration-enabling studies to treat non-small cell lung cancer (NSCLC).

Adagrasib is an investigational small molecule and selective KRAS G12C inhibitor in clinical development as a monotherapy and in combinations. MRTX1133 is an investigational small molecule and selective KRAS G12D inhibitor in preclinical development.

Sitravatinib is an investigational spectrum-selective inhibitor of receptor tyrosine kinases (RTK) designed to enhance immune responses through the inhibition of immunosuppressive signaling. Sitravatinib is being evaluated in multiple clinical trials to treat patients who are refractory to prior immune checkpoint inhibitor therapy, including a Phase 3 trial of sitravatinib in combination with nivolumab in NSCLC.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not historical facts may be considered “forward-looking statements,” including without limitation statements regarding Mirati’s expectations with respect to the completion and timing of the public offering and its expected use of the net proceeds to Mirati from the offering. Forward-looking statements are typically, but not always, identified by the use of words such as “may,” “will,” “would,” “believe,” “intend,” “plan,” “anticipate,” “estimate,” “expect,” and other similar terminology indicating future results. Forward-looking statements are based on current expectations of management and on what management believes to be reasonable assumptions based on information currently available to them, and are subject to risks and uncertainties. Such risks and uncertainties may cause actual results to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include without limitation those associated with market risks and uncertainties, the satisfaction of customary closing conditions for an offering of securities, the possibility of unforeseen capital resources requirements, as well as other risks detailed in Mirati’s recent filings on Forms 10-K and 10-Q with the SEC. Except as required by law, Mirati undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances, or to reflect the occurrence of unanticipated events. 

SOURCE Mirati Therapeutics, Inc.

Source: https://www.prnewswire.com:443/news-releases/mirati-therapeutics-announces-pricing-of-public-offering-of-common-stock-301161219.html

Continue Reading

Press Releases

3Q20 Results: Telefônica Brasil S.A.

SAO PAULO, Oct. 27, 2020 /PRNewswire/ — Telefônica Brasil – (B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its results for 3Q20. Record fiber net adds and recovery of prepaid confirms Vivo’s sequential operating improvement combined with superior cash…

Avatar

Published

on

SAO PAULO, Oct. 27, 2020 /PRNewswire/ — Telefônica Brasil – (B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares];NYSE: VIV), announces its results for 3Q20. 

Record fiber net adds and recovery of prepaid confirms Vivo’s sequential operating improvement combined with superior cash generation

R$ million

 3Q20

% y-o-y

9M20

% y-o-y






Net Operating Revenues

10,792

(2.3)

31,934

(2.9)

    Net Mobile Revenues

7,163

0.0

20,852

(1.7)

        Net Handset Revenues

710

10.1

1,664

(11.2)

    Net Fixed Revenues

3,628

(6.6)

11,082

(5.1)

Operating Costs

(6,470)

(0.6)

(19,002)

(3.7)

Recurring Operating Costs

(6,470)

(1.5)

(19,078)

(3.6)

EBITDA

4,322

(4.8)

12,932

(1.8)

EBITDA Margin

40.0%

(1.1) p.p.

40.5%

0.5 p.p.

Recurring EBITDA

4,322

(3.5)

12,856

(1.9)

    Recurring EBITDA Margin %

40.0%

(0.5) p.p.

40.3%

0.4 p.p.

Net Income

1,212

25.5

3,478

(6.7)






Capex | Ex- IFRS 16

1,803

(25.8)

5,359

(17.4)

Free Cash Flow after Lease Payments

3,540

34.5

8,901

50.1






Total Subscribers (thousand)

93,718

(0.0)

93,718

(0.0)

Mobile subscribers

76,718

3.9

76,718

3.9

Fixed subscribers

17,000

(14.5)

17,000

(14.5)

Fiber-to-the-home broadband customers totaled 3,130 thousand (+34.2% y-o-y), posting record net additions for the third quarter in a row and representing almost 50% of broadband accesses. Overall broadband ARPU increased 17% versus 3Q19, reaching R$77.7.

Mobile market share reached 33.3% in August 2020, 8.7 p.p. more than the second player and the highest level in over 14 years. Postpaid accesses grew 3.9% y-o-y and accounted for 57.3% of total mobile accesses, with a market share of 38.5% in August 2020 and the lowest churn in 5 years.

Fiber-to-the-home and IPTV revenues continue to grow significantly (+56.0% y-o-y and +26.9% y-o-y, respectively) while mobile revenue is showing recovery to pre-pandemic levels, growing 3.3% over 2Q20.

Operating Costs decreased 0.6% y-o-y in 3Q20, due to lower costs with commercial expenses, mainly reflecting the growing digitalization and automation of customer service activities and lower commercial activity.

Recurring EBITDA totaled R$4,322 million (-3.5% y-o-y) in 3Q20, with a recurring EBITDA margin of 40.0%.

Investments of R$1,803 million in 3Q20, focused on the expansion of the fiber-to-the-home network and the quality and capacity of the 4G and 4.5G networks.

Net Income of R$1,212 million in 3Q20, up 25.5% y-o-y. Profit distribution based on 9M20 profit reaches R$2.0 billion.

Free Cash Flow after Leasing payments reached R$3,540 million in the quarter and R$8,901 million in 9M20 (+34.5% y-o-y and 50.1% y-o-y, respectively), as a result of Capex optimization and lower operating, financial and tax payments.

Financial services: launch of Vivo Money, a 100% digital platform, focused on offering fast and simple personal loans to postpaid customers.

TELEFÔNICA BRASIL – Investor Relations
Christian Gebara
David Melcon
Luis Plaster
João Pedro Carneiro
+55 11 3430-3687 / [email protected] 

To download the complete version of the Company’s earnings release, please visit our website: http://www.telefonica.com.br/ir

SOURCE Telefônica Brasil

Related Links

http://www.telefonica.com.br

Source: https://www.prnewswire.com:443/news-releases/3q20-results-telefonica-brasil-sa-301161218.html

Continue Reading

Press Releases

Historical Barriers And Structural Inequalities Still Account For Black-White Homeownership Gap

WASHINGTON, Oct. 27, 2020 /PRNewswire/ — The National Association of Real Estate Brokers, Inc. (NAREB) issued the 2020 edition of its State of Housing in Black America (SHIBA) report with a stark warning: Without major changes in public policy, restructured mortgage lending criteria,…

Avatar

Published

on

“Statistics oftentimes can be ignored or tabled.  However, when the story is told through the eyes of young Black Americans experiencing the rigors of trying to purchase a home for a growing family, you clearly see that structural and institutional remedies are necessary,” said Donnell Williams, president of the National Association of Real Estate Brokers.  “This year’s SHIBA report lays bare the difficulties.”

A sampling of the key findings in the SHIBA report, principally authored by Vanessa Gail Perry, MBA, Ph.D., Professor of Marketing, Strategic Management and Public Policy, George Washington University School of Business. include:

  • The Black population in the U.S. is concentrated in major cities. Sixty-two percent of Blacks are concentrated in 20 MSAs. In 2019, 25.6% of the Black population resided in areas where the median house price is above that for the U.S. — $253,000.
  • The homeownership rate for Blacks who graduated from college is only 3.2 percentage points higher than that of White high school dropouts.
  • Black homeowners are less likely to have a college degree.
  • Blacks have a higher share of owner households headed by women than any other category of owner households.
  • Black borrowers pay significantly higher rates for FHA-backed loans, and higher rates for conventional mortgages.
  • In 2018, 53% of Black mortgage borrowers obtained FHA or VA loans, compared to 23% of White borrowers.
  • Only 5% of the conventional market were loans to Black borrowers, compared to 15% of the FHA/VA market.
  • In 2019, 10 lenders were responsible for originating 24% of mortgage loans to Black borrowers. Of those 10, only 3 were traditional depository banks.
  • Black applicants are more than twice as likely to have their loan applications rejected.

“These disparities persist because of systemic racism and disadvantage that have accumulated over time. At the same time, the industry has failed to acknowledge the opportunities presented by this market segment,” stated Dr. Perry.

The Black American wealth gap rests in large part on the ever-present institutional barriers Black Americans face at every step of the home buying process. While the second quarter 2020 Black homeownership rate of 47% reported by the U.S. Census Bureau represents a 16-year high, the rate lags more than 26 percentage points behind the non-Hispanic White rate of 76% for the same period.

The SHIBA report also includes recommendations designed to support the growth of opportunity for Black Americans to purchase homes and to maintain homes if they already own.  A few key recommendations are:

  • Institute aggressive loan forbearance and credit reporting mandates to protect Black homeowners and potential homebuyers from financial devastation due to the COVID-19 pandemic.
  • Continue the CARES Act suspension of federal student loan payments, debt collection, and zero interest provisions through the end of the pandemic crisis.
  • Restore fair housing regulatory protections formalizing the Fair Housing Act’s disparate impact standard.
  • Reform the HUD 203k program.
  • Require the Opportunity Zone funds be directed to long-term residents versus investors.
  • Establish a Renaissance Neighborhood Program to bolster Black homeownership in historically redlined neighborhoods and transform communities.
  • Increase FHA lending and other down payment assistance programs in areas with low Black homeownership rates.
  • Alter the treatment of student loans in the Debt-to-Income (DTI) formula to include only the reported payment amount.
  • At the state level, evaluate inclusionary zoning programs and their effects on Black communities.

“There are solutions.  There are public and private sector remedies,” Williams said. “NAREB continues to advocate and push the envelope by heightening awareness in all sectors that homeownership not only increases the wealth building capacity of Black Americans, but also serves to strengthen the nation’s and communities’ economic outlook.”

These and other findings from the SHIBA report were discussed today at NAREB’s 2nd Annual National Conversation on Black Homeownership.  Speakers focused on similar themes that called out the federal government for its long-term, intentional complicity in promoting race-based public policy that works against the growth of Black homeownership. That sentiment can be summed up in remarks given by Rev. Dr. Frederick D. Haynes, III, Senior Pastor of Friendship-West Baptist Church in Dallas, TX when he said, “public policy set the stage for racial disparity.” Marc Morial, National Urban League president said that Black Americans must be just as intentional in reclaiming our “piece of the dirt” that has been denied to Black Americans since the Reconstruction era.   

Other panelists directed their remarks to millennials and GenX-er audience members and discussed the importance of understanding credit far earlier in their lives and how having good or poor credit affects their ability to purchase a home.  Will Roundtree, founder of Las Vegas, NV-based WE Management said that “credit will become the new dollar.”  Former NFL player Ray Crockett urged the audience to, “buy the house before the car… get your credit right…and understand what you value.”  Rental Kharma spokesperson, Lynne Poole remarked that Black renters with “thin” credit profiles need to use non-traditional digital platforms like Rental Kharma that report rental payments, which are not typically counted in developing a favorable credit rating. 

Download  the full SHIBA report at: www.nareb.com. The full NAREB National Conversation can be viewed on: https://www.facebook.com/REALTISTNAREB/videos/

Media Contacts:
Joanne Williams ▪ [email protected]  ▪  202.364.0024
Jill Harrison ▪ [email protected] ▪ 770.896.8723

SOURCE National Association of Real Estate Brokers (NAREB)

Related Links

https://www.nareb.com

Source: https://www.prnewswire.com:443/news-releases/historical-barriers-and-structural-inequalities-still-account-for-black-white-homeownership-gap-301161215.html

Continue Reading
Blockchain2 hours ago

Blockchain2 hours ago

Blockchain2 hours ago

Blockchain2 hours ago

Blockchain2 hours ago

Venture Capital2 hours ago

Venture Capital2 hours ago

Venture Capital2 hours ago

Venture Capital2 hours ago

Venture Capital2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Startup2 hours ago

President Trump’s campaign website hacked by cryptocurrency scammers

Press Releases2 hours ago

Mirati Therapeutics Announces Pricing Of Public Offering Of Common Stock

Press Releases2 hours ago

3Q20 Results: Telefônica Brasil S.A.

Press Releases2 hours ago

Historical Barriers And Structural Inequalities Still Account For Black-White Homeownership Gap

Press Releases2 hours ago

The MICHELIN Guide Highlights Sustainable Gastronomy and Inspector Discoveries During Virtual Family Meal Event in California

Press Releases2 hours ago

Clements Worldwide reçoit la distinction Best Practices Agency de l’IIABA pour la 14e année de suite

Press Releases2 hours ago

Oral Rinse COVID PCR Test Immediately Available in Nevada for Individuals, Businesses and Medical Personnel

Blockchain3 hours ago

Investors, Customers Reward MicroStrategy for Using Bitcoin as Treasury Reserve Asset

Press Releases3 hours ago

Bogino Properties offering an effective three-step process for selling houses in Atlanta for homeowners dealing with stressful situations.

Press Releases3 hours ago

D&D Movers offering affordable options along with an experienced team to help families and businesses make moves stress-free.

Venture Capital3 hours ago

Accelerating digital transformation strategy to support SMEs customers to thrive

Press Releases3 hours ago

Renowned Age Management Pioneer Dr. Gaines in Boca Raton is Helping Alzheimer’s Patients With Plasma Treatments

Startup3 hours ago

New CDC data shows that hospitals counted heart attacks as COVID-19 deaths; CDC counts over 51,0000 patients actually died from heart attacks instead of COVID-19

Press Releases4 hours ago

One Artist is Getting Creative During the COVID-19 Quarantine

Venture Capital4 hours ago

Australian fintechs proving resilient

Venture Capital4 hours ago

Illion Open Data and Credit Simple become CDR recipients

Venture Capital4 hours ago

Uno pilots new broker referral model

Saas4 hours ago

How do you decide between hiring a VP or Director/Manager of Product?

Press Releases5 hours ago

Workers’ Compensation Insurance MGU Method Adds Falls Lake as New Carrier

Press Releases5 hours ago

Neo7Logix COVID-19 Treatment Reduces Viral Infection by More Than 99% in Preclinical Study

Trending