Originally published by The 19th In the days following the 2024 presidential election, Barb Byrum of Michigan watched open skepticism pour in online about former President Donald Trump’s win over Vice President Kamala Harris . Some questioned how there could be lower overall voter turnout compared to four years ago, especially when there was record early voting in some states . Others wondered how enthusiasm for Harris — who packed campaign rallies in the final weeks of the election — could translate into more votes for Trump. And yet others raised the possibility that their votes hadn’t actually been recorded. There is no proof of widespread voter fraud, and officials who oversee the country’s decentralized election system have praised how smoothly the process played out this year . That hasn’t stopped suspicions from manifesting on several social media platforms. But Byrum — herself a Harris supporter and a former Democratic state representative — does nonpartisan work as the chief elections official in Ingham County, which includes part of the state capital of Lansing. Byrum was wearing that hat as she started debunking conspiracy theories, something she also did in 2020 when Trump challenged the election results and some of his supporters began spreading unfounded doubt. “In the end, we must combat mis- and disinformation,” Byrum told The 19th. “No matter who is saying it, it is imperative that we bring truth and shed light.” Byrum has been addressing the incoming false narratives that she encounters on different social media accounts since the election. No, results were not manipulated or sent via the internet , she explained. And yes, there are multiple ways for voters in the state to know whether their vote was counted or not, as Byrum provided in a step-by-step explainer that included screenshots of the status page. “I don’t think it’s election denialism yet, but if it's allowed to persist, it will go in that direction,” she said of the narratives floating around. “Right now, people are grieving the loss of their candidate and they’re trying to understand.” Byrum’s efforts show the lengths to which some election officials — a predominantly women-led workforce — are taking to restore trust in how elections are administered . But while allegations of widespread voter fraud did not derail vote counting for the presidential race nor pose serious security issues like some experts had worried, Byrum’s debunking still signals the bumpy road ahead for those who will grapple with future claims — and there’s no immediate end to the work. “We’re at such a low point of trust in institutions and media,” said Isabel Linzer, an elections and democracy fellow at the Center for Democracy & Technology (CDT) , a research and policy organization that works to improve technology in spaces like elections. “It’s not a surprise that we see election denialism continuing.” Trump won more votes than Harris in the Electoral College, and he is on track to win the popular vote. The president-elect’s margin of victory in key battleground states was wide enough that major media outlets were able to project his win in the early morning hours after election night — a stark contrast to 2020 when it took several days to determine President Joe Biden had won. Votes are still being counted and processed in several states during the post-election canvassing period, but there is enough information available that indicates Trump made in-roads with voters across race, gender and ethnicity, among other demographics . And irrespective of rally sizes and on-the-ground enthusiasm for the candidates, most polls showed a close race going into Election Day. The final tally of votes is expected to reflect that. Narratives about widespread voter fraud flourished in the lead-up to November 5, in part because Trump has spread unfounded conspiracy theories about it over several years. That contributed to a more organized election denialism movement that now includes some election officials . It’s also a message that members of Congress concluded directly led to the deadly insurrection at the U.S. Capitol on January 6, 2021. Election officials have been on the receiving end of the conspiracy theories. After 2020, they reported harassment, intimidation and threats of violence . They advocated for federal support and policies to protect their safety . They tried to bring transparency to the election process, offering tours of ballot processing facilities and other public events. They still dealt with a flood of disinformation . Tina Barton is a senior election expert for The Elections Group , which aims to build trust and stronger relationships between election officials and law enforcement. She believes the scope of election denialism in the post-November 5 sphere has been contained in part because of the work that election officials have done to prepare, including running through security scenarios and efforts to debunk lies. “We have come a long way from where we were four years ago, and I give a lot of credit to the election officials for the work that they have done, and so many partners and groups who have been dedicated to the election process and democracy,” she said. Trump said during his third bid for the presidency this year that he would not fully accept the results of the election. Early on November 5, he claimed without evidence that cheating was taking place in Philadelphia and that there was related police presence in Detroit — two cities with large populations of Black voters who tend to vote for Democrats. For those reasons, voting experts expected Trump to challenge the results if he lost. But as incoming vote tallies on election night showed Trump in the lead, his messaging on the subject stopped. He has primarily turned his attention to announcing his picks for Cabinet and other government roles . Harris never publicly questioned the results, and like Hillary Clinton in 2016, she conceded the day after the election — ensuring the peaceful transfer of power. Still, other forms of election denialism are playing out elsewhere on the internet. Some of Trump’s supporters are pointing to Trump’s win as proof that he also won in 2020. He did not, as determined by audits, lawsuits and his own administration . When Byrum did similar debunking following Trump’s loss to Biden, she was surprised at the verbal vitriol that came in response. This time, Byrum is seeing something different: people are thanking her for the explanations. “They’re trying to process the information,” she said. “And the response that I've received thus far has been very positive.” In recent days, billionaire investor Elon Musk has also claimed without evidence that Democrats are trying to cheat in the close Pennsylvania Senate race between Republican Dave McCormick and Democratic Sen. Bob Casey. McCormick leads Casey in unofficial results that are within half of a percentage point — triggering a legally required statewide recount that is scheduled to be completed later this month. The Associated Press and Decision Desk HQ have called the race for McCormick. But Casey has not conceded in the race amid ongoing ballot counting. Musk — who endorsed Trump, financially supported his candidacy and has since been tapped by the president-elect to co-lead a newly proposed “Department of Government Efficiency” — claimed on the social media platform that he owns that noncitizens voted in Pennsylvania. There is no proof of such widespread voter fraud. Trump won the state this year. In a close Wisconsin Senate race, Republican Eric Hovde, who challenged Democratic Sen. Tammy Baldwin, claimed without evidence that there were “voting inconsistencies” on Election Day. The Associated Press and Decision Desk HQ have called the race for Baldwin. Hovde conceded on Monday. It’s unclear for now to what degree election denialism will shape future elections — or policy. Trump posted on his Truth Social account on November 8 that he planned to advocate that Americans show proof of citizenship and voter identification to cast a ballot. It is already illegal for noncitizens to vote in state and federal elections. Thirty-six states require some form of identification to vote, and the remaining others use other methods to verify identification . Hannah Fried, executive director of All Voting is Local , a nonpartisan organization that works to protect voting access, said it’s too early to know how the new administration might try to implement voting policy. But she said in some way, changing the law may not be the point. “It is to create enough doubt in our elections that you can use that doubt to consolidate your own power, or create this sort of undergirding to pass laws that a state legislature, for example, can pass that can be really harmful to voters,” she said. Byrum in Michigan has been relieved by the reduction in threats and intimidation following this year’s election. But she knows that weaponized denialism can fester over time and create future problems for the election workforce. She wants to remind people that the vast majority of election officials are public servants who are trying to follow election laws and rules. They’re also just humans. “We are your neighbors. We sit beside you at church. We are behind you in the drop-off line at school,” she said. “We are dedicated to promoting safe and secure elections.”
NoneNeil Cavuto shocked viewers by announcing his departure from Fox News after 28 years at the network. While Cavuto, who is worth an estimated $25 million, has not given a direct answer as to why the veteran anchor did not renew his contract with the network, people have been speculating that it may be over a decrease in pay amid reports of CNN and MSNBC talent having their wages cut . The real reason for his departure, however, may lie within the anchor's open skepticism and criticism of Donald Trump , and the network's fear of declining viewership , especially now that Trump has been re-elected as President. Neil Cavuto's astonishing net worth as he quits Fox News after 28 years Fox News’ Jesse Watters sparks uproar as panel argues over Luigi Mangione The 66-year-old reportedly refused to renew his contract, which he described as a 'very generous opportunity,' despite rumors that he was being asked to take less money while Fox News rakes in billions in profits. Oliver Darcy, in his newsletter Status, weighed in: "For someone who has been at the channel since its inception in 1996, and who has poured his heart and soul into the company, that probably stung just a bit." Since Shepard Smith and Chris Wallace left the network, Cavuto was one of the last anchor who openly expressed doubt about Trump and challenged his views, which many have speculated may be the underlying reason for his ousting. Cavuto has often been a target of the President-Elect's online vitriol. In fact, after the announcement was made, Trump posted to Truth Social: "GOOD NEWS FOR AMERICA! Neil Cavuto, the Lowest Rated Anchor on Fox, by far, is leaving - Should have happened a long time ago!" When Cavuto declared Kamala Harris the winner of the presidential debate on his show, Trump posted: "Neil Cavuto, Fox’s Lowest Rated Anchor, is one of the WORST on Television. I actually prefer the losers at CNN and MSDNC." DON'T MISS: Tucker Carlson's outrageous Fox News moments from diversity rant to white supremacy denial Ex-Fox News star Geraldo Rivera spills on 'toxic relationship' with co-host Perhaps the network was afraid they would lose viewers during Trump's second term if they kept the Trump-skeptic on the air. After the ousting, Fox News released a statement: "Neil Cavuto’s illustrious career has been a master class in journalism, and we’re extremely proud of his incredible 28-year run with FOX News Media. His programs have defined business news and set the standard for the entire industry. We wish him a heartfelt farewell and all the best on his next chapter." While he may be moving on from the network, Cavuto has said he has no plans of leaving the journalism field.
Aaron Rodgers, the legendary 41-year-old quarterback of the New York Jets, has welcomed a new aspect in his life. Talking on The Pat McAfee Show on Monday, 23 December, Rodgers admitted that he is now with someone named Brittani. While discussing his holiday shopping habits, Rodgers casually mentions his new relationship. He said that he has gone from traditional mall shopping to online purchases for Christmas gifts. Amidst this conversation, he admits to having felt some stress when one specific package meant for his girlfriend Brittani was delayed. “There was one package left for my girlfriend Brittani that hadn’t showed up yet,” Rodgers said. “I was waiting on this to show up, and it finally arrived today.” McAfee was surprised by the information, as Rodgers had not publicly discussed Brittani with anyone until then. Green Bay Packers alumnus and co-host AJ Hawk, who had played with Rodgers during their time there, joked, “Spears?” Rodgers quickly cleared up the confusion, saying, “Not Britney Spears, no. This is Brittani with an ‘i.'” He furthered that Brittani does not have social media and isn’t a viewer of The Pat McAfee Show as she keeps a pretty low profile. McAfee and others continued to playfully tease him over being “in love.” Rodgers, smiling, replied, “It’s a good feeling, boys. It is.” Glimpse Into Rodgers’ Love Life Rodgers has generally kept his life private, but his affairs have made headlines often. Most recently, he had been with Mallory Edens, a model, and daughter of Milwaukee Bucks co-owner Wes Edens. The pair were, according to PEOPLE, described as “more than friends” in January 2023, though their reported relationship was casual. Before Edens, Rodgers was engaged to actress Shailene Woodley, known for her role in Big Little Lies. The couple called off their engagement in February 2022, and their relationship officially ended in April that year. Although Rodgers admitted making mistakes in his past relationships, his latest words say otherwise; he seems to be enjoying a great, fulfilling connection with Brittani. The fans and sports lovers are thus always intrigued by the NFL star’s personal and professional life. ALSO READ | Viral Videos Of Leanna Lenee Ignite Controversy; Travis Hunter Delete InstagramMacKenzie Scott continues to make medical debt relief a priority in her mysterious giving. This week, Undue Medical Debt, formerly RIP Medical Debt, announced it had received a rare third gift — $50 million — from the billionaire philanthropist, signaling her satisfaction with the group’s efforts to purchase medical debt in bulk from hospitals and debt collectors. Scott has donated a total of $130 million to the organization since 2020. Medical debt is increasing despite most of the U.S. population having some form of medical insurance. Nearly 100 million people are unable to pay their medical bills, according to Third Way, a left-leaning national think tank. Overall, Americans owe about $220 billion in medical debt, with historically disadvantaged groups shouldering the bulk of the burden. Lower-income people, people with disabilities, middle-aged adults, Black people, the uninsured, and people living in rural areas are among the groups most likely to be affected by medical debt, according to the Kaiser Family Foundation . Undue Medical Debt buys debt at a discounted price, estimating that it erases about $100 in debt for each $1 donated. The group also collaborates with policymakers to encourage the adoption of measures to curb what people owe for medical care. Scott first gave Undue Medical Debt a $50 million donation in 2020, followed by a $30 million donation in 2022. With that money, the group has relieved nearly $15 billion in debt for more than 9 million people, CEO Allison Sesso said. That’s a significant leap from the $1 billion in debt relieved from 2014 to 2019, she noted. “I’m frankly astounded by this most recent gift from MacKenzie Scott and feel proud to be a steward of these funds as we continue the essential work of dismantling the yoke of medical debt that’s burdening far too many families in this country,” said Sesso. The continued funding has allowed Sesso “to not have to worry about my next dollar,” she said, and “think more strategically about the narrative around medical debt — she has helped us push that conversation.” Undue Medical Debt was started in 2014 by two former debt collection executives, Jerry Ashton and Craig Antico, who were inspired by the Occupy Wall Street movement’s advocacy for debt relief. Growth initially was slow. But with Scott’s gifts, the nonprofit has been able to staff up, produce more research, and develop relationships with policymakers who have pushed for changes to hospital billing practices to relieve debt and prevent people from accumulating it in the first place, Sesso said. Undue Medical Debt’s public policy arm has worked with lawmakers in North Carolina, which in July became the first state to offer additional Medicaid payments to hospitals that agree to adopt debt relief measures, she said. The policy change followed the publication of a 2023 report from Duke University, which found that one in five families in the state had been forced into collections proceedings because of medical debt. Since 2020, the organization’s staff has grown from three to about 40, Sesso said. Those hires included an anthropologist who collects stories from people set back by medical debt to inform the group’s research and advocacy work. Scott’s gifts also have helped improve Undue Medical Debt’s technology to identify people eligible for debt relief and to find hospitals from which it can purchase medical debt, among other things, Sesso said. “This coming year, because of this MacKenzie Scott grant, we’ll be able to add more people, making sure that we can support that growth on an ongoing basis,” Sesso said. Few repeat grantees Few organizations have received more than one gift from Scott. Other multi-grant recipients include Blue Meridian, an intermediary group that has directed billions of dollars to nonprofits around the world, and GiveDirectly, which provides no-strings-attached cash payments to low-income people globally. GiveDirectly has received $125 million from Scott since 2020. Blue Meridian has not disclosed amounts for the four gifts it’s received since 2019. Scott’s contributions to those two organizations were for specific causes like GiveDirectly’s U.S. poverty relief fund, said Christina Im, a senior research analyst at the Center for Effective Philanthropy. In the case of Undue Medical Debt, the timing of Scott’s first gifts in 2020 and 2022 seemed to correspond with COVID-relief efforts, she said. Scott, the former wife of Amazon founder Jeff Bezos, is worth an estimated $32 billion but provides few details about her grantmaking decisions. Without further information, it’s hard to know what prompted this third donation to Undue Medical Debt, but Scott has said in public statements that she wants to help those who are most in need and bear the brunt of societal ills, said Elisha Smith Arrillaga, the Center for Effective Philanthropy’s vice president for research. “I have not seen a lot of other folks funding in this area,” Smith Arrillaga added. Anger over health care costs Scott’s latest gift to Undue Medical Debt comes amid national debates about medical insurance and the cost of medical treatments. The murder of UnitedHealthcare CEO Brian Thompson on December 4 in Midtown Manhattan has heightened these conversations, with some lionizing the man who allegedly committed the crime. “That’s no way to get change, full stop,” Sesso said in reference to Thompson’s murder. “But I think the anger around insurance companies and having access to care is very clear.” The U.S. has one of the most expensive health care systems in the world. And the amount of medical debt carried by individuals seems to be increasing, noted Adam Searing, a public interest attorney and associate professor at Georgetown University, where he focuses on Medicaid and other health coverage programs. Searing previously served for 17 years as director of the Health Access Coalition at the nonprofit North Carolina Justice Center, advocating for the uninsured and underinsured. During that time, he heard from people losing their homes due to liens from hospitals. Sometimes those liens could be delayed, but it still meant that the debtors couldn’t pass those homes along to their children or grandchildren, he said. “Those stories stuck with me,” he said. “It really has an impact on families.” Relieving debt allows people to get their lives back on track and become financially secure after a major illness or series of expensive bills, Searing said. For philanthropists, it’s also a cause that is largely nonpartisan. Scott shining a spotlight on the issue is undoubtedly “a good thing,” he said. “I think it will have a big effect.” _____ Stephanie Beasley is a senior writer at the Chronicle of Philanthropy. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment Inc. The Chronicle is solely responsible for the content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy . Stephanie Beasley Of The Chronicle Of Philanthropy, The Associated Press
Oh hey there! If you're here, it must be time for Wordle . As always, we're serving up our daily hints and tips to help you figure out today's answer. If you just want to be told today's word, you can jump to the bottom of this article for today's Wordle solution revealed. But if you'd rather solve it yourself, keep reading for some clues, tips, and strategies to assist you. Where did Wordle come from? Originally created by engineer Josh Wardle as a gift for his partner, Wordle rapidly spread to become an international phenomenon, with thousands of people around the globe playing every day. Alternate Wordle versions created by fans also sprang up, including battle royale Squabble , music identification game Heardle , and variations like Dordle and Quordle that make you guess multiple words at once . Wordle eventually became so popular that it was purchased by the New York Times , and TikTok creators even livestream themselves playing . What's the best Wordle starting word? The best Wordle starting word is the one that speaks to you. But if you prefer to be strategic in your approach, we have a few ideas to help you pick a word that might help you find the solution faster. One tip is to select a word that includes at least two different vowels, plus some common consonants like S, T, R, or N. What happened to the Wordle archive? The entire archive of past Wordle puzzles was originally available for anyone to enjoy whenever they felt like it, but it was later taken down , with the website's creator stating it was done at the request of the New York Times . However, the New York Times then rolled out its own Wordle Archive , available only to NYT Games subscribers. Is Wordle getting harder? It might feel like Wordle is getting harder, but it actually isn't any more difficult than when it first began . You can turn on Wordle 's Hard Mode if you're after more of a challenge, though. Here's a subtle hint for today's Wordle answer: Look vacantly at someone. Does today's Wordle answer have a double letter? There are no reoccurring letters. Today's Wordle is a 5-letter word that starts with... Today's Wordle starts with the letter S. The Wordle answer today is... Get your last guesses in now, because it's your final chance to solve today's Wordle before we reveal the solution. Drumroll please! The solution to today's Wordle is... STARE. Don't feel down if you didn't manage to guess it this time. There will be a new Wordle for you to stretch your brain with tomorrow, and we'll be back again to guide you with more helpful hints . Are you also playing NYT Strands? See hints and answers for today's Strands . Reporting by Chance Townsend, Caitlin Welsh, Sam Haysom, Amanda Yeo, Shannon Connellan, Cecily Mauran, Mike Pearl, and Adam Rosenberg contributed to this article. If you're looking for more puzzles, Mashable's got games now! Check out our games hub for Mahjong, Sudoku, free crossword, and more.Loobie 3-9 3-4 9, Richards 3-7 1-3 7, Chung 4-10 2-4 11, Sonnier 6-11 0-0 12, Tucker 1-9 2-2 4, Brice 0-3 0-0 0, Oliva Fernandez 2-2 0-0 4, Wright 2-4 3-6 7, Jones-Brown 1-4 0-0 2, Reynoso 0-3 0-0 0, Totals 22-62 11-19 56 Hobbs 5-10 2-2 12, Holloway 2-7 5-6 9, Kampschroeder 1-4 2-2 4, Olson 10-15 1-2 23, Swords 6-15 3-3 18, Dunbar 0-0 2-2 2, VanTimmeren 2-2 2-3 6, Grabovskaia 5-7 3-3 13, Brown 2-4 0-0 4, Delfosse 4-8 0-0 10, Q. Daniels 5-7 0-4 10, Totals 42-79 20-27 111 3-Point Goals_Long Beach St. 1-22 (Loobie 0-4, Richards 0-1, Chung 1-5, Sonnier 0-3, Tucker 0-4, Jones-Brown 0-2, Reynoso 0-3), Michigan 7-25 (Hobbs 0-3, Holloway 0-1, Kampschroeder 0-3, Olson 2-6, Swords 3-7, Brown 0-2, Delfosse 2-3). Assists_Long Beach St. 11 (Chung 3), Michigan 25 (Hobbs 5, Swords 5). Fouled Out_Long Beach St. Richards. Rebounds_Long Beach St. 29 (Chung 6), Michigan 51 (Hobbs 8, Swords 8). Total Fouls_Long Beach St. 25, Michigan 20. Technical Fouls_None. A_2,753.Coles Group CTO, CDO to leave in early 2025
Innovative Steps Towards Tackling Space Debris and Other Science Updates
ANN ARBOR, Mich. (AP) — Maddie Zimmer and Ilse Tromp both had two goals and an assist in the first half and Northwestern beat Saint Joseph's 5-0 in the championship match of the NCAA Division-I women's field hockey tournament at Phyllis Ocker Field on Sunday. It was the second championship for the second-seeded Wildcats (23-1-0), who have played for the title in four straight seasons. Northwestern beat Liberty 2-0 in 2021 before losing to North Carolina the past two seasons. No. 4 seed Saint Joseph's (20-4-0) was in uncharted waters with its first trip to the final. The Hawks eliminated top-seeded North Carolina in the semifinals to advance. The Tar Heels have won the championship in half of their 22 trips to the final. Northwestern grabbed the lead 6:25 into the first quarter when Zimmer used an assist from Tromp to score. Zimmer had an assist on Olivia Bent-Cole's eighth goal of the season for a 2-0 advantage, and Tromp found the net with 25 seconds left with assists from Lauren Hunter and Ashley Sessa for a 3-0 lead. Hunter and Sessa again had the helpers on Zimmer's 10th goal of the campaign, and Hunter and Regan Cornelius assisted on Tromp's 11th goal of the season 2:42 later for a 5-0 lead at halftime and that was that. Annabel Skubisz finished with her school-record 14th shutout of the season for Northwestern. Zimmer and Tromp are the second duo to score multiple goals for their school in a championship match. Zimmer was named the tournament MVP. It was the second championship for Wildcats coach Tracey Fuchs. Northwestern joins North Carolina and Old Dominion as the only schools to reach the championship match in four straight seasons. Six schools have won multiple titles.Authored by Jonathan Lesser via RealClearEnergy , According to a recent article published in The Conversation , installing millions of storage batteries distributed through the grid -- in homes, businesses, and local communities – coupled with wind and solar generation, can avoid investments in new transmission infrastructure. But unless installing those batteries is accompanied by physically disconnecting from the grid, or consumers are willing to forgo reliable electricity, this claim is yet another example of electricity “ magical thinking .” Electricity customers, both residential and industrial, need to be aware of this home-based battery storage fantasy. First, batteries store electricity; they don’t generate it. But the move towards electrifying the U.S. motor vehicle fleet, along with electrifying space and water heating, will double electricity consumption. Although some of the additional electricity needed may come from distributed sources such as rooftop solar, green energy advocates claim that most of the needed electricity will be generated at large-scale wind and solar facilities located far from cities and towns. The article also claims, “[w]e could get by with fewer transmission lines if we store more solar and wind power for later.” But delivering the additional electricity needed will require building new transmission lines, regardless of how much battery storage is installed in homes and in local communities. Moreover, local distribution systems—the poles and wires running down streets—will also have to be upgraded to handle the additional loads. Second, the costs of building sufficient battery capacity (to say nothing of the costs of additional wind and solar generation) to ensure homes and local communities do not suffer from extended blackouts will be prohibitive. The numbers tell the story. In the U.S., a typical residential household consumes around 10,800 kWh annually, or about 30 kWh per day. Of course, the amount varies depending on the size of home, the region of the country, and the season of the year. With electrified space and water heat, some regions of the country where electricity demand now peaks in summer will see demand peak in winter, while existing winter-peaking regions will see winter demand spike even further. According to a U.S. Department of Energy model , a heat pump in a typical home will consume about 5,500 kWh annually. That alone represents a 50% increase in electricity use. Charging a typical EV adds another 4,300 kWh annually. In total, those will add almost 10,000 kWh of consumption annually, roughly doubling current consumption to about 60 kWh per day, although the increase will be greatest in winter when heating loads peak. Supplying the additional electricity while ensuring the same level of service reliability (i.e., no extended outages or limiting consumers’ access to electricity because of insufficient supplies) will require enough battery storage to provide electricity at night and over multi-day periods when there is little wind and sun available to recharge those batteries. Although the article recommends using consumers’ EVs to supply electricity, few consumers will likely wish to wake up to an uncharged EV and an inability to travel, especially if there is no stored electricity available to recharge their EVs. Using the U.S. consumption averages, if existing local distribution systems can serve today’s average load of 30 kWh/day, then enough battery storage must be built to supply the remaining 30 kWh. and, more importantly, the peak power demand of electric heat pumps and EV chargers. A typical Level 2 home EV charger, for example, can draw 20 kilowatts (kW). A heat pump can draw 7 kW. The largest Tesla Powerwall , which is designed for home use, provides a maximum of 11.5 kW of power and 13.5 kWh of storage under ideal conditions. (When temperatures fall, so does battery capacity and efficiency.) Hence, at least three Powerwall units would be required to provide a typical home with sufficient electricity to supplement existing grid capacity. For one million homes, that means three million Powerwall units providing a maximum of 40.5 million kWh (40,500 megawatt-hours) of battery storage. At a cost of around $12,000 installed , that translates into a cost of $36,000 per home. The U.S. has over 80 million single-family homes and over 130 million dwelling units . Hence, 240 million Powerwall units would be required just for single-family homes, costing almost $3 trillion. By comparison, Tesla’s current manufacturing capacity is 700,000 units per year. Thus, outfitting all single-family homes with them would require almost 350 years of Powerwall production. The minerals requirements would also be staggering and would require mining billions of tons of ore for the necessary lithium, copper, cobalt, and other metals. In theory, an electric system could be designed to provide reliable service using wind, solar, and battery storage. However, in reality, huge investments would still be required in new transmission and distribution lines, regardless of how many storage batteries are installed. It would also be ruinously expensive. Ignoring physical and economic realities may be fashionable, but reality always wins in the long run. The electric grid and its components form a complex system which most of us take for granted, which enable misleading claims regarding the simplicity of electrifying everything and powering it all almost exclusively with wind, solar, and batteries. Electric utilities and planners can provide a public service by explaining why this scenario, given today’s technology, isn’t possible. Jonathan Lesser is a senior fellow with the National Center for Energy Analytics , a senior fellow with the Discovery Institute, and the president of Continental Economics.DORAL, Fla.--(BUSINESS WIRE)--Dec 23, 2024-- NeueHealth, Inc. (“NeueHealth” or the “Company”) (NYSE: NEUE), the value-driven healthcare company, today announced that it has entered into a definitive merger agreement pursuant to which the Company will be acquired by an affiliate of New Enterprise Associates (“NEA”) at an enterprise value of approximately $1.3 billion. Upon completion of the transaction, NeueHealth will become a privately held company with the flexibility and resources to continue advancing its value-driven, consumer-centric care model. Under the terms of the merger agreement, holders of NeueHealth common stock (other than shares that will be rolled over and certain excluded shares) will receive $7.33 per share in cash, which represents a premium of approximately 70% over the closing price of NeueHealth common stock on December 23, 2024. Certain stockholders of NeueHeath, including NEA and 12 existing NeueHealth investors (which collectively hold all of the outstanding shares of NeueHealth preferred stock), have entered into rollover agreements pursuant to which such stockholders will continue their investments by exchanging their shares of NeueHealth common stock and/or preferred stock for newly issued equity interests in the privately held company, and the Company’s existing secured loan facility with Hercules Capital, Inc. will remain in place. NeueHealth’s executive leadership team will continue in their roles upon completion of the transaction and intends to roll over 100% of their equity interests for newly issued equity interests in the privately held company. “We are pleased to announce this transaction as we believe it places NeueHealth in a strong position for continued growth while maximizing value for all of NeueHealth’s public stockholders,” said Mike Mikan, President and CEO of NeueHealth. “NEA has been a longstanding strategic partner, and we look forward to continuing to work together to build on NeueHealth’s success as a leader in value-based care.” “We believe NeueHealth has built a differentiated model of care that is uniquely positioned to drive value for consumers, providers, and payors and we have confidence in the NeueHealth team and their ability to continue to lead the Company,” said Mohamad Makhzoumi, Co-CEO of NEA. “We have had a strong partnership with NeueHealth since 2016 and share the Company’s commitment to making high-quality healthcare accessible and affordable for all Americans.” Transaction Details A special committee (the “Special Committee”) of the board of directors of NeueHealth (the “Board”), composed entirely of independent and disinterested directors and advised by its own independent legal and financial advisors, unanimously recommended that the Board approve the transaction and determined it was in the best interests of the Company and its stockholders that are not affiliated with NEA. Acting upon the recommendation of the Special Committee, the Board subsequently unanimously approved the transaction and determined to recommend that NeueHealth stockholders vote to approve and adopt the merger agreement. Certain NeueHealth stockholders have agreed to vote all of their shares of NeueHealth common stock and/or preferred stock to approve and adopt the merger agreement, subject to certain conditions. The merger is subject to approval by NeueHealth’s stockholders and other customary closing conditions, including receipt of certain regulatory approvals. NEA intends to finance the transaction with fully committed equity financing, and the transaction is not subject to any financing condition. Upon completion of the transaction, NeueHealth’s common stock will no longer be publicly traded or listed on any public market. The merger agreement includes a 30-day “go-shop” period that will expire at 12:01 AM New York City time on January 23, 2025, which permits the Special Committee and its financial advisors to solicit and consider alternative acquisition proposals. There can be no assurance that this process will result in a superior proposal, and NeueHealth does not intend to disclose developments with respect to the “go-shop” process unless and until it determines such disclosure is appropriate or is otherwise required. Lincoln International, LLC is acting as financial advisor, and Richards, Layton & Finger, P.A. is acting as legal counsel, to the Special Committee. Simpson Thacher & Bartlett LLP is acting as legal counsel to NeueHealth. Latham and Watkins LLP is acting as legal counsel to NEA, with Sidley Austin LLP acting as insurance regulatory counsel to NEA. More information regarding the key terms will be included in a current report on Form 8-K to be filed by NeueHealth with the Securities and Exchange Commission (the “SEC”). Important Information and Where to Find It In connection with the transaction, the Company will file with the SEC a proxy statement on Schedule 14A (the “Proxy Statement”), the definitive version of which will be sent or provided to Company stockholders. The Company, affiliates of the Company and affiliates of NEA intend to jointly file a transaction statement on Schedule 13E-3 (the "Schedule 13E-3") with the SEC. The Company may also file other documents with the SEC regarding the transaction. This release is not a substitute for the Proxy Statement, the Schedule 13E-3 or any other document which the Company may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE SCHEDULE 13E-3 AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE COMPANY OR THE TRANSACTION BECAUSE THESE DOCUMENTS CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement, the Schedule 13E-3 and other documents that are filed or will be filed with the SEC by the Company, when such documents become available, through the website maintained by the SEC at www.sec.gov or through the Company's website at https://investors.neuehealth.com/home/default.aspx . The transaction will be implemented solely pursuant to the Agreement and Plan of Merger, dated as of December 23, 2024 (the “merger agreement”), among the Company, NH Holdings 2025, Inc. and NH Holdings Acquisition 2025, Inc., which contains the full terms and conditions of the transaction. Participants in the Solicitation The Company and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from stockholders of the Company in connection with the proposed transaction. Information regarding the Company’s directors and executive officers is available in the definitive proxy statement for the 2024 annual meeting of stockholders of the Company, which was filed by the Company with the SEC on April 1, 2024 (the “Annual Meeting Proxy Statement”), and will be available in the Proxy Statement. Please refer to the sections captioned “Executive Compensation,” “Director Compensation,” and “Security Ownership of Certain Beneficial Owners and Management” in the Annual Meeting Proxy Statement. Holdings of the Company’s securities by certain of the Company’s employees, and any changes in the holdings of the Company’s securities by the Company’s directors or executive officers from the amounts described in the Annual Meeting Proxy Statement, have been reflected in the following Statements of Change in Ownership on Form 4 filed with the SEC: Form 4, filed by George Lawrence Mikan III on May 6, 2024; Form 4, filed by Jay Matushak on May 6, 2024; Form 4, filed Tomas Orozco on May 6, 2024; Form 4, filed by Jeffery Michael Craig on May 6, 2024; Form 4, filed by Jeffrey J. Scherman on May 6, 2024; Form 4, filed by Jay Matushak on May 13, 2024; Form 4, filed by Jeffrey J. Scherman on May 13, 2024; Form 4, filed by Kedrick D. Adkins, Jr. on May 14, 2024; Form 4, filed by Andrew M. Slavitt on May 14, 2024; Form 4, filed by Linda Gooden on May 14, 2024; Form 4, filed by Mohamad Makhzoumi on May 14, 2024; Form 4, filed by Robert J. Sheehy on May 14, 2024; Form 4, filed by Matthew G. Manders on May 14, 2024; Form 4, filed by Stephen Kraus on May 14, 2024; Form 4, filed by Manuel Kadre on May 14, 2024; Form 4, filed by Jeffrey R. Immelt on May 14, 2024; Form 4, filed by Mohamad Makhzoumi on October 3, 2024; Form 4, filed by Jay Matushak on October 8, 2024; Form 4, filed by George Lawrence Mikan III on December 18, 2024. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC in connection with the proposed transaction when they become available. Free copies of the Proxy Statement and such other materials may be obtained as described in the preceding paragraph. About NeueHealth NeueHealth is a value-driven healthcare company grounded in the belief that all health consumers are entitled to high-quality, coordinated care. By uniquely aligning the interests of health consumers, providers, and payors, NeueHealth helps to make healthcare accessible and affordable to all populations across the ACA Marketplace, Medicare, and Medicaid. NeueHealth delivers high-quality clinical care to over 500,000 health consumers through owned clinics and unique partnerships with over 3,000 affiliated providers. We also enable independent providers and medical groups to thrive in performance-based arrangements through a suite of technology and services scaled centrally and deployed locally. We believe our value-driven, consumer-centric care model can transform the healthcare experience and maximize value across the healthcare system. For more information, visit: www.neuehealth.com . About NEA New Enterprise Associates (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has more than $25 billion in assets under management as of June 30, 2024 and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm's long track record of investing includes more than 280 portfolio company IPOs and more than 465 mergers and acquisitions. For more information, please visit www.nea.com . Forward-Looking Statements This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements made in this release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, and statements as to the expected timing, completion and effects of the transaction. These statements often include words such as “anticipate,” “expect,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “projections,” “outlook,” “ensure,” and other similar expressions. These forward-looking statements include any statements regarding our plans, expectations and financial guidance. Such forward-looking statements are subject to various risks, uncertainties and assumptions. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Factors that might materially affect such forward-looking statements include: the failure to complete the transaction on the anticipated terms and within the anticipated timeframe, including as a result of failure to obtain required stockholder or regulatory approvals or to satisfy other closing conditions; potential litigation relating to the transaction that could be instituted against NEA, the Company or their respective affiliates, directors, managers, officers or employees, and the effects of any outcomes related thereto; potential adverse reactions or changes to our business relationships or operating results resulting from the announcement, pendency or completion of the transaction; the risk that our stock price may decline significantly if the transaction is not consummated; certain restrictions during the pendency of the transaction that may impact our ability to pursue certain business opportunities or strategic transactions; costs associated with the transaction, which may be significant; the occurrence of events, changes or other circumstances that could give rise to the termination of the merger agreement, including in circumstances requiring us to pay a termination fee; our ability to continue as a going concern; our ability to comply with the terms of our credit facilities or any credit facility into which we enter in the future; our ability to receive the remaining proceeds from the sale of our Medicare Advantage business in California in a timely manner; our ability to obtain any short or long term debt or equity financing needed to operate our business; our ability to quickly and efficiently complete the wind down of our remaining Individual and Family Plan (“IFP”) and MA businesses, including by satisfying liabilities of those businesses when due and payable; potential disruptions to our business due to the transaction or due to corporate restructuring and any resulting headcount reduction; our ability to accurately estimate and effectively manage the costs relating to changes in our business offerings and models; a delay or inability to withdraw regulated capital from our subsidiaries; a lack of acceptance or slow adoption of our business model; our ability to retain existing consumers and expand consumer enrollment; our and our care partner’s abilities to obtain and accurately assess, code, and report risk adjustment factor scores; our ability to contract with care providers and arrange for the provision of quality care; our ability to obtain claims information timely and accurately; the impact of any pandemic or epidemic on our business and results of operations; the risks associated with our reliance on third-party providers to operate our business; the impact of modifications or changes to the U.S. health insurance markets; our ability to manage any growth of our business; our ability to operate, update or implement our technology platform and other information technology systems; our ability to retain key executives; our ability to successfully pursue acquisitions, integrate acquired businesses, and quickly and efficiently divest businesses as needed; the occurrence of severe weather events, catastrophic health events, natural or man-made disasters, and social and political conditions or civil unrest; our ability to prevent and contain data security incidents and the impact of data security incidents on our members, patients, employees and financial results; our ability to comply with requirements to maintain effective internal controls; our ability to adapt to mitigate risks associated with our ACO businesses, including any unanticipated market or regulatory developments; and the other factors set forth under the heading “Risk Factors” in the Company’s reports on Form 10-K, Form 10-Q, and Form 8-K (including all amendments to those reports) and our other filings with the SEC. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or changes in our expectations. View source version on businesswire.com : https://www.businesswire.com/news/home/20241223595862/en/ CONTACT: Investor Contact: IR@neuehealth.comMedia Contact: media@neuehealth.com KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PRACTICE MANAGEMENT PROFESSIONAL SERVICES MANAGED CARE HEALTH GENERAL HEALTH HEALTH TECHNOLOGY HEALTH INSURANCE HOSPITALS INSURANCE TELEMEDICINE/VIRTUAL MEDICINE FINANCE SOURCE: NeueHealth Copyright Business Wire 2024. PUB: 12/23/2024 05:53 PM/DISC: 12/23/2024 05:53 PM http://www.businesswire.com/news/home/20241223595862/en
New computational method uncovers surprising variability in Neolithic building practicesMPS Loria Financial Planners LLC cut its stake in shares of Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,906 shares of the e-commerce giant’s stock after selling 285 shares during the quarter. Amazon.com accounts for about 0.6% of MPS Loria Financial Planners LLC’s investment portfolio, making the stock its 14th largest holding. MPS Loria Financial Planners LLC’s holdings in Amazon.com were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Swedbank AB bought a new stake in shares of Amazon.com in the first quarter worth about $2,239,757,000. Capital World Investors increased its holdings in Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares during the period. Capital Research Global Investors lifted its holdings in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after buying an additional 3,903,889 shares during the period. 72.20% of the stock is currently owned by institutional investors. Analysts Set New Price Targets A number of brokerages recently commented on AMZN. Telsey Advisory Group upped their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a report on Wednesday. Truist Financial lifted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark increased their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Barclays lifted their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $235.77. Insider Buying and Selling at Amazon.com In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link . Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Insiders own 10.80% of the company’s stock. Amazon.com Stock Performance Shares of AMZN opened at $197.12 on Friday. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The business has a fifty day moving average of $193.00 and a 200 day moving average of $186.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.33 and a beta of 1.14. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year. Amazon.com Profile ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Featured Articles Five stocks we like better than Amazon.com What is the FTSE 100 index? Vertiv’s Cool Tech Makes Its Stock Red-Hot What is the Dogs of the Dow Strategy? Overview and Examples MarketBeat Week in Review – 11/18 – 11/22 Business Services Stocks Investing 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
Jon Coupal: New laws coming in the new year Californians need to know about
MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving. This week, Undue Medical Debt, formerly RIP Medical Debt, announced it had received a rare third gift — $50 million — from the billionaire philanthropist, signaling her satisfaction with the group’s efforts to purchase medical debt in bulk from hospitals and debt collectors. Scott has donated a total of $130 million to the organization since 2020. Medical debt is increasing despite most of the U.S. population having some form of medical insurance. Nearly 100 million people are unable to pay their medical bills, according to Third Way, a left-leaning national think tank. Overall, Americans owe about $220 billion in medical debt, with historically disadvantaged groups shouldering the bulk of the burden. Lower-income people, people with disabilities, middle-aged adults, Black people, the uninsured, and people living in rural areas are among the groups most likely to be affected by medical debt, according to the Kaiser Family Foundation . Undue Medical Debt buys debt at a discounted price, estimating that it erases about $100 in debt for each $1 donated. The group also collaborates with policymakers to encourage the adoption of measures to curb what people owe for medical care. Scott first gave Undue Medical Debt a $50 million donation in 2020, followed by a $30 million donation in 2022. With that money, the group has relieved nearly $15 billion in debt for more than 9 million people, CEO Allison Sesso said. That’s a significant leap from the $1 billion in debt relieved from 2014 to 2019, she noted. “I’m frankly astounded by this most recent gift from MacKenzie Scott and feel proud to be a steward of these funds as we continue the essential work of dismantling the yoke of medical debt that’s burdening far too many families in this country,” said Sesso. The continued funding has allowed Sesso “to not have to worry about my next dollar,” she said, and “think more strategically about the narrative around medical debt — she has helped us push that conversation.” Undue Medical Debt was started in 2014 by two former debt collection executives, Jerry Ashton and Craig Antico, who were inspired by the Occupy Wall Street movement’s advocacy for debt relief. Growth initially was slow. But with Scott’s gifts, the nonprofit has been able to staff up, produce more research, and develop relationships with policymakers who have pushed for changes to hospital billing practices to relieve debt and prevent people from accumulating it in the first place, Sesso said. Undue Medical Debt’s public policy arm has worked with lawmakers in North Carolina, which in July became the first state to offer additional Medicaid payments to hospitals that agree to adopt debt relief measures, she said. The policy change followed the publication of a 2023 report from Duke University, which found that one in five families in the state had been forced into collections proceedings because of medical debt. Since 2020, the organization’s staff has grown from three to about 40, Sesso said. Those hires included an anthropologist who collects stories from people set back by medical debt to inform the group’s research and advocacy work. Scott’s gifts also have helped improve Undue Medical Debt’s technology to identify people eligible for debt relief and to find hospitals from which it can purchase medical debt, among other things, Sesso said. “This coming year, because of this MacKenzie Scott grant, we’ll be able to add more people, making sure that we can support that growth on an ongoing basis,” Sesso said. Few organizations have received more than one gift from Scott. Other multi-grant recipients include Blue Meridian, an intermediary group that has directed billions of dollars to nonprofits around the world, and GiveDirectly, which provides no-strings-attached cash payments to low-income people globally. GiveDirectly has received $125 million from Scott since 2020. Blue Meridian has not disclosed amounts for the four gifts it’s received since 2019. Scott’s contributions to those two organizations were for specific causes like GiveDirectly’s U.S. poverty relief fund, said Christina Im, a senior research analyst at the Center for Effective Philanthropy. In the case of Undue Medical Debt, the timing of Scott’s first gifts in 2020 and 2022 seemed to correspond with COVID-relief efforts, she said. Scott, the former wife of Amazon founder Jeff Bezos, is worth an estimated $32 billion but provides few details about her grantmaking decisions. Without further information, it’s hard to know what prompted this third donation to Undue Medical Debt, but Scott has said in public statements that she wants to help those who are most in need and bear the brunt of societal ills, said Elisha Smith Arrillaga, the Center for Effective Philanthropy’s vice president for research. “I have not seen a lot of other folks funding in this area,” Smith Arrillaga added. Scott’s latest gift to Undue Medical Debt comes amid national debates about medical insurance and the cost of medical treatments. The murder of UnitedHealthcare CEO Brian Thompson on December 4 in Midtown Manhattan has heightened these conversations, with some lionizing the man who allegedly committed the crime. “That’s no way to get change, full stop,” Sesso said in reference to Thompson’s murder. “But I think the anger around insurance companies and having access to care is very clear.” The U.S. has one of the most expensive health care systems in the world. And the amount of medical debt carried by individuals seems to be increasing, noted Adam Searing, a public interest attorney and associate professor at Georgetown University, where he focuses on Medicaid and other health coverage programs. Searing previously served for 17 years as director of the Health Access Coalition at the nonprofit North Carolina Justice Center, advocating for the uninsured and underinsured. During that time, he heard from people losing their homes due to liens from hospitals. Sometimes those liens could be delayed, but it still meant that the debtors couldn’t pass those homes along to their children or grandchildren, he said. “Those stories stuck with me,” he said. “It really has an impact on families.” Relieving debt allows people to get their lives back on track and become financially secure after a major illness or series of expensive bills, Searing said. For philanthropists, it’s also a cause that is largely nonpartisan. Scott shining a spotlight on the issue is undoubtedly “a good thing,” he said. “I think it will have a big effect.” Stephanie Beasley is a senior writer at the Chronicle of Philanthropy. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment Inc. The Chronicle is solely responsible for the content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy . Get any of our free daily email newsletters — news headlines, opinion, e-edition, obituaries and more.
Five things to know about Panama Canal, in Trump's sightsRodgers & Associates LTD increased its stake in Amazon.com, Inc. ( NASDAQ:AMZN ) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,352 shares of the e-commerce giant’s stock after acquiring an additional 110 shares during the period. Rodgers & Associates LTD’s holdings in Amazon.com were worth $252,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the period. Swedbank AB purchased a new position in shares of Amazon.com in the first quarter valued at about $2,239,757,000. Capital World Investors raised its stake in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC grew its stake in shares of Amazon.com by 13,606.7% in the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets AMZN has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Benchmark upped their target price on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Maxim Group upped their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Oppenheimer lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $235.77. Insiders Place Their Bets In other news, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last quarter, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Company insiders own 10.80% of the company’s stock. Amazon.com Trading Down 0.6 % Amazon.com stock opened at $197.12 on Friday. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The business’s fifty day moving average is $193.00 and its 200 day moving average is $186.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market capitalization of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year. About Amazon.com ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Read More Five stocks we like better than Amazon.com How to Buy Cheap Stocks Step by Step Vertiv’s Cool Tech Makes Its Stock Red-Hot Stock Market Upgrades: What Are They? MarketBeat Week in Review – 11/18 – 11/22 Why Are These Companies Considered Blue Chips? 2 Finance Stocks With Competitive Advantages You Can’t Ignore Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ). Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
SEATTLE , Dec. 18, 2024 /PRNewswire/ - Wunderdogs, a brand consultancy and digital studio, announced the release of a report, Climate Compass. The report, produced in collaboration with investors and industry experts from True Ventures, Wireframe Ventures, Planeteer Capital, Activate, Prelude Ventures, Limelight Steel, SOSV, The Nature Conservancy, and The Ad Hoc Group, offers a look at the next generation of climate technology startups driving the shift to a decarbonized, resilient, and sustainable future. "This report represents a major step in understanding the evolving climate tech space," said Daria Gonzalez , Wunderdogs ' co-founder. "By bringing together insights from leading venture capital firms and industry experts, we're helping to shape a view of what lies ahead for the next generation of climate-focused startups." The report is the result of a collaborative effort between Wunderdogs and a network of forward-thinking investors and entrepreneurs across the climate tech space. Over the past several months, Wunderdogs worked closely with venture capital firms and experts to research, design, and compile insights into the most promising startups and technologies that are shaping the future of climate tech. The full report is available to view here: climatecompassreport.com . About Wunderdogs Since its inception in 2017, Wunderdogs has been at the forefront of brand and digital strategy for the technology sector, collaborating with over 140 technology firms and 30 investment companies. Wunderdogs combines strategy, design and technology to create award-winning brands and digital platforms aimed at making a lasting impression. View original content: https://www.prnewswire.com/news-releases/wunderdogs-unveils-report-on-the-next-generation-of-climate-tech-startups-in-collaboration-with-true-ventures-wireframe-ventures-planeteer-capital-activate-and-prelude-ventures-302335407.html SOURCE Wunderdogs