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Sam Darnold sensed the backside pressure as soon as he dropped back with Minnesota trailing by four points late in the fourth quarter in Seattle, so he moved into a safe space in the pocket and did precisely what the Vikings would prefer him to do with the game on the line. He threw the ball down the field to Justin Jefferson. The perfectly placed throw near the sideline beat double coverage for a 39-yard touchdown that put the Vikings back in front with 3:51 remaining in a 27-24 victory over the Seahawks on Sunday. “It was a great call,” said Jefferson, who had 10 receptions for 144 yards and two scores, all season highs. “I’m not going to say too much about that play, but something went on where me and Sam were on the same page, and he found me and we went up.” The Vikings were understandably coy about the context around the go-ahead touchdown , when Darnold made a difficult on-the-run pass just over cornerback Tariq Woolen that Jefferson deftly twisted to catch next to his backside hip so he could shield the ball from late-breaking safety Julian Love. Darnold saw Love's shoulders initially shaded inside just enough to believe he couldn't retreat fast enough to prevent Jefferson from getting the ball. Jefferson also applied some improvisation to his route that Darnold clearly and properly read during the play. “I want those guys to have some freedom in those moments,” coach Kevin O'Connell said. “We do a lot of things with Justin and Sam, seeing the coverage and then with some route opportunities to get to at the line of scrimmage, and I think those guys have just gotten so comfortable with that stuff.” Darnold's long-delayed breakout performance under O'Connell has been one of the stories of the NFL this season, one that wouldn't have unfolded as neatly for the third overall pick in the 2018 draft without such synergy between him and his superstar wide receiver. If the Vikings (13-2) win their last two games, they will not only be NFC North champions for the second time in three years but also get the No. 1 seed and the lone first-round bye in the NFC for the playoffs. “Every single game we’re finding different ways to overcome adversity, overcome the different stuff defenses have thrown towards us," Jefferson said. “Sam has done a great job being a leader.” The pass rush was strong, with Andrew Van Ginkel recording two sacks and pressure leading to both interceptions of Seahawks quarterback Geno Smith. The Vikings were credited with eight hits on Smith. The Vikings converted only three of 12 third downs, their second-worst rate of the season. Theo Jackson, who saw significant playing time at safety with Harrison Smith out, had the game-sealing interception with 49 seconds left. Tight end Josh Oliver has played 47% of the snaps the last two games, his two lowest usage rates of the season. He dropped the only pass he was thrown on Sunday. The defense ought to get a big boost this week with the expected return of the 13-year veteran Smith from his first absence in two years when he was sidelined at Seattle with a foot injury. Linebacker Ivan Pace, who has missed four games on injured reserve with a hamstring strain, is also on track to be back with his return to practice. Backup defensive lineman Jalen Redmond, who didn't play against the Seahawks because of a concussion, has made progress through the protocol, O'Connell said. Backup cornerback Fabian Moreau, who was inactive at Seattle with a hip injury, will continue to be evaluated throughout the week. 13.6% — That's the third-down conversion allowance rate for the Vikings over the last two games, with Chicago and Seattle combining to go just 3 for 22. The Vikings rank second in the NFL in third-down defense at 33.7% for the season and also rank second on fourth down at 36.7%. The Vikings host Green Bay on Sunday, with the kickoff moved to the late afternoon showcase spot on Fox. If Minnesota loses to the Packers, the Lions will clinch the NFC North and the Vikings would open the playoffs on the road as the No. 5 seed at best. Even if the Lions were to lose at San Francisco on Monday night, the Vikings would need to win at Detroit on Jan. 5 to take the division title.GREENSBORO, N.C. (AP) — A police officer responding to a report of a man with a gun inside a North Carolina supermarket was fatally shot Monday and authorities said a suspect was later taken into custody, authorities say. Police announced the death of Greensboro police officer Michael Horan at a news conference, saying Horan was responding to the report when he was shot shortly before midday at a Food Lion store in Greensboro in the central part of the state. Ramona Miller told WGHP-TV she was shopping with her 6-year-old granddaughter when she heard shots being fired. “We were on our way out and I was purchasing a lottery ticket and I was just sitting there and heard a ‘pop-pop’ and then ‘pop-pop-pop.’ I think I heard five shots,” Miller said. “At first I didn’t know it was a shooting ... but an employee yelled out ‘shooting! shooting!’ ” Miller said she and her granddaughter left the store, adding police had already arrived soon afterward. Authorities said Monday afternoon that the circumstances of the shooting remain under investigation and they did not immediately release further specifics how it unfolded. The North Carolina State Bureau of Investigation, the state's lead law enforcement agency, is continuing the investigation. Horan was hired in 2017 and became a sworn Greensboro Police Department officer in early 2018, Assistant Police Chief Milford J. Harris said. Horan served in the department’s patrol bureau. He also was a longtime U.S. Coast Guard member since 2000, according to his LinkedIn profile. “He was an excellent officer. He had an outstanding reputation inside the department and in the community,” Harris said at the news conference. Elsewhere, Gov. Roy Cooper said he has been monitoring the day's developments. Cooper said on the social media platform X that his office had sent a “significant” number of state law enforcement officers to help aid in the emergency response in Greensboro. A heavy police presence was spotted outside the grocery store in Greensboro afterward. The store will remain closed while authorities continue their investigation, Food Lion said in a statement, adding it was providing resources to its affected workers. It directed all questions to local law enforcement and said it was cooperating with the investigation. The shooting was another reminder that state lawmakers should strengthen resources and improve safety for law enforcement officers, said Democratic state Sen. Michael Garrett, who represents part of Guilford County where Greensboro is located. “During what should be a time of joy and celebration, another brave officer has been shot in the line of duty. Another family’s holiday season forever changed,” Garrett said in a Facebook statement.
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ATLANTA — On Jan. 18 and 19 the AT&T Playoff Playlist Live! will be held at State Farm Arena in advance of the College Football Playoff national championship on Jan. 20. The star-studded lineup was announced Thursday at a news conference at Mercedes-Benz Stadium. Performances will include Lil Wayne and GloRilla on Saturday; and Camila Cabello, Myles Smith and Knox on Sunday. On game day, the Allstate Championship Tailgate, taking place just outside Mercedes-Benz Stadium in the Home Depot Backyard, will feature country acts on the Capital One Music Stage, including global superstar Kane Brown and iHeartCountry “On The Verge” artist Ashley Cooke. The concerts are just two of the festivities visiting fans can enjoy in the days leading up to the big game. The fan experience for both ticket holders and the general public has been a focus for event planners. All weekend long, an estimated 100,000 people from across the country are expected to attend fan events preceding kickoff. “It will be an opportunity for fans of all ages to come together to sample what college football is all about, and you don’t have to have a ticket to the game to be a part of it,” said Bill Hancock, executive director of the CFP in a press release. “We’ve worked closely with the Atlanta Football Host Committee to develop fan-friendly events that thousands will enjoy come January.” On Saturday, Jan. 18, Playoff Fan Central will open at the Georgia World Congress Center in downtown Atlanta. The free, family-friendly experience will include games, clinics, pep rallies, special guest appearances, autograph signings and exhibits celebrating college football and its history. That day, fans can also attend Media Day, presented by Great Clips, which will feature one-hour sessions with student-athletes and coaches from each of the College Football Playoff national championship participating teams. ESPN and social media giants X, Facebook, Instagram and TikTok will be taping live broadcasts from the event. On Sunday, Jan. 19, the Trophy Trot, both a 5K and 10K race, will wind its way through the streets of downtown Atlanta. Each Trophy Trot participant will receive a T-shirt and finisher’s medal. Participants can register at atlantatrackclub.org . On Sunday evening, the Georgia Aquarium will host the Taste of the Championship dining event, which offers attendees the opportunity to indulge in food and drink prepared by local Atlanta chefs. This premium experience serves as an elevated exploration of local cuisine on the eve of the national championship. Tickets to the Taste of the Championship event are available on etix.com . Atlanta is the first city ever to repeat as host for the CFP national championship. The playoff was previously held in Atlanta in 2018. “We are honored to be the first city to repeat as host for the CFP national championship and look forward to welcoming college football fans from around the country in January,” said Dan Corso, president of the Atlanta Sports Council and Atlanta Football Host Committee. “This event gives us another opportunity to showcase our incredible city.” The College Football Playoff is the event that crowns the national champion in college football. The quarterfinals and semifinals rotate annually among six bowl games — the Goodyear Cotton Bowl Classic, Vrbo Fiesta Bowl, Capital One Orange Bowl, Chick-fil-A Peach Bowl, Rose Bowl Game presented by Prudential and the Allstate Sugar Bowl. This year’s quarterfinals will take place on Dec. 31, 2024 and Jan. 1, 2025, while the semifinals will be Jan. 9-10, 2025. The CFP national championship will be Monday, Jan. 20, 2025, at Mercedes-Benz Stadium. For additional information on the College Football Playoff, visit CollegeFootballPlayoff.com . Get local news delivered to your inbox!Companies boost childcare benefits for employees
South Korea’s president, Yoon Suk Yeol, on Tuesday declared martial law, blasting the opposition as “anti-state forces” threatening the country’s democracy. The unexpected move from Yoon, marking the first time martial law has been declared in South Korea in more than four decades, alarmed the US and other allies. Six hours later he backed down , lifting the order in the face of united opposition. What do we know about the imposition of martial law, and what might come next? In a dramatic, late-night emergency television address to the nation, Yoon announced that he was imposing martial law in South Korea, as he accused the opposition of paralysing the government with “anti-state activities”. A six-point decree from the new martial law commander, the army chief Gen Park An-su, swiftly followed: banning political activities and parties, “false propaganda”, strikes and “gatherings that incite social unrest”. The order also brought all media outlets under the authority of martial law and directed all medical staff, including striking doctors, to return to work within 48 hours. The president’s move harkened back to an era of authoritarian leaders that the country has not seen since the 1980s. It was immediately denounced by the opposition and the leader of Yoon’s own party. Yoon said he was acting to safeguard his country’s liberal democracy from “anti-state elements” and “threats posed by North Korea” - but gave little detail. While unexpected, the announcement came in the context of a festering budget row between Yoon and the opposition Democratic Party. The opposition has slashed around 4.1 trillion won ($2.8 billion) from Yoon’s proposed 677 trillion won budget for next year, prompting the president to complain that “all key budgets essential to the nation’s core functions” were being cut. Security forces sealed the National Assembly, helicopters landed on the roof and troops entered the building for a short time, seemingly in a bid to prevent lawmakers getting inside. But 190 lawmakers managed to enter, voting unanimously to reject Yoon’s declaration and calling for martial law to be lifted. Outside parliament, hundreds of protesters gathered, many raising chants calling for Yoon to be arrested. Some protesters scuffled with troops but there were no immediate reports of injuries or major property damage. At least one window was broken as troops attempted to enter the assembly building. One woman tried unsuccessfully to pull a rifle away from one of the soldiers while shouting “Aren’t you embarrassed?” Under South Korea’s constitution, the parliamentary vote to lift martial law has to be respected. Military officials initially said that despite the vote, martial law would remain in place until Yoon himself lifted it. But opposition was united across political lines. The leader of Yoon’s conservative People Power party called the decision to impose martial law “wrong”. Lee Jae-myung, the opposition leader who narrowly lost to Yoon in the 2022 presidential election, said Yoon’s announcement was “illegal and unconstitutional”. South Korea’s main opposition Democratic party, led by Lee, called the president’s move “essentially a coup d’etat”. Six hours after declaring martial law, Yoon said troops would return to their barracks and the order would be lifted after a cabinet meeting. The White House said it was “relieved” that Yoon had reversed course on his declaration of martial law. “Democracy is at the foundation of the US-ROK alliance, and we will continue to monitor the situation,” a spokesperson said, referring to South Korea by the initials of its official name, the Republic of Korea. The US had previously said it was watching with “grave concern” the events in its key Asian ally where it has 28,500 troops stationed to guard against North Korea. Raphael Rashid, reporting for the Guardian from Seoul, writes that on the morning after the coup, the feeling in South Korea has been one of bafflement and sadness. “For the older generation who fought on the streets against military dictatorships, martial law equals dictatorship, not 21st century Korea. The younger generation is embarrassed that he has ruined their country’s reputation. People are baffled. “Also everyone is wondering what his end goal was. Expedited impeachment is the word on people’s lips. From within politics, Yoon is facing calls to step down or be impeached.” Politically, pressure has only grown further on Yoon after his late-night bombshell. South Korea’s main opposition party has demanded that Yoon step down, accusing him of “insurrection”. The country’s main labour union group has also called an “indefinite general strike” until he resigns over the “irrational and anti-democratic measure”. Yoon’s own People Power Party described his attempt at imposing martial law as “tragic” and demanded that those involved be held accountable. With AFPBY MELISSA GOLDIN Social media users are misrepresenting a Vermont Supreme Court ruling , claiming that it gives schools permission to vaccinate children even if their parents do not consent. The ruling addressed a lawsuit filed by Dario and Shujen Politella against Windham Southeast School District and state officials over the mistaken vaccination of their child against COVID-19 in 2021, when he was 6 years old. A lower court had dismissed the original complaint, as well as an amended version. An appeal to the U.S. Supreme Court was filed on Nov. 19. But the ruling by Vermont’s high court is not as far-reaching as some online have claimed. In reality, it concluded that anyone protected under the Public Readiness and Emergency Preparedness Act, or PREP, Act is immune to state lawsuits. Here’s a closer look at the facts. CLAIM: The Vermont Supreme Court ruled that schools can vaccinate children against their parents’ wishes. THE FACTS: The claim stems from a July 26 ruling by the Vermont Supreme Court, which found that anyone protected by the PREP Act is immune to state lawsuits, including the officials named in the Politella’s suit. The ruling does not authorize schools to vaccinate children at their discretion. According to the lawsuit, the Politella’s son — referred to as L.P. — was given one dose of the Pfizer BioNTech COVID-19 vaccine at a vaccination clinic held at Academy School in Brattleboro even though his father, Dario, told the school’s assistant principal a few days before that his son was not to receive a vaccination. In what officials described as a mistake, L.P. was removed from class and had a “handwritten label” put on his shirt with the name and date of birth of another student, L.K., who had already been vaccinated that day. L.P. was then vaccinated. Ultimately, the Vermont Supreme Court ruled that officials involved in the case could not be sued. “We conclude that the PREP Act immunizes every defendant in this case and this fact alone is enough to dismiss the case,” the Vermont Supreme Court’s ruling reads. “We conclude that when the federal PREP Act immunizes a defendant, the PREP Act bars all state-law claims against that defendant as a matter of law.” The PREP Act , enacted by Congress in 2005, authorizes the secretary of the Department of Health and Human Services to issue a declaration in the event of a public health emergency providing immunity from liability for activities related to medical countermeasures, such as the administration of a vaccine, except in cases of “willful misconduct” that result in “death or serious physical injury.” A declaration against COVID-19 was issued on March 17, 2020. It is set to expire on Dec. 31. Federals suits claiming willful misconduct are filed in Washington. Social media users described the Vermont Supreme Court’s ruling as having consequences beyond what it actually says. “The Vermont Supreme Court has ruled that schools can force-vaccinate children for Covid against the wishes of their parents,” reads one X post that had been liked and shared approximately 16,600 times as of Tuesday. “The high court ruled on a case involving a 6-year-old boy who was forced to take a Covid mRNA injection by his school. However, his family had explicitly stated that they didn’t want their child to receive the ‘vaccines.’” Other users alleged that the ruling gives schools permission to give students any vaccine without parental consent, not just ones for COVID-19. Rod Smolla, president of the Vermont Law and Graduate School and an expert on constitutional law, told The Associated Press that the ruling “merely holds that the federal statute at issue, the PREP Act, preempts state lawsuits in cases in which officials mistakenly administer a vaccination without consent.” “Nothing in the Vermont Supreme Court opinion states that school officials can vaccinate a child against the instructions of the parent,” he wrote in an email. Asked whether the claims spreading online have any merit, Ronald Ferrara, an attorney representing the Politellas, told the AP that although the ruling doesn’t say schools can vaccinate students regardless of parental consent, officials could interpret it to mean that they could get away with doing so under the PREP Act, at least when it comes to COVID-19 vaccines. He explained that the U.S. Supreme Court appeal seeks to clarify whether the Vermont Supreme Court interpreted the PREP Act beyond what Congress intended. “The Politella’s fundamental liberty interest to decide whether their son should receive elective medical treatment was denied by agents of the State and School,” he wrote in an email to the AP. “The Vermont Court misconstrues the scope of PREP Act immunity (which is conditioned upon informed consent for medical treatments unapproved by FDA), to cover this denial of rights and its underlying battery.” Ferrara added that he was not aware of the claims spreading online, but that he “can understand how lay people may conflate the court’s mistaken grant of immunity for misconduct as tantamount to blessing such misconduct.”
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Beatrice Annan, a member of the NDC Communications Team, has accused the New Patriotic Party (NPP) of undermining the independence of the judiciary by appointing its foot soldiers to judicial positions. In a panel discussion, she specifically criticized the appointment of Justice Ernest Yao Gaewu, an NPP affiliate, as a Justice of the High Court. Annan emphasized that judicial power should not be used for political gain or to reward party loyalists, asserting that the NDC will no longer tolerate such practices.CJ Stroud's life gets a lot easier as Texans add dynamic player to replace a player set to hit free agency in latest mock draftIn this podcast, Motley Fool analyst Asit Sharma and host Mary Long discuss: Disruptions to traditional car dealerships. Amazon 's next potential venture. The rise and fall of GM 's driverless ambitions. Then, Motley Fool analyst Jim Gillies and host Ricky Mulvey look at Aercap , an airline leasing company that sees debt as a "raw material." To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . To get started investing, check out our beginner's guide to investing in stocks . A full transcript follows the video. This video was recorded on Dec. 11, 2024. Mary Long: One car dealer revs up while another slows down. You're listening to Motley Fool Money. I'm Mary Long, joined today by the illustrious Asit Sharma. Asit, thanks for being here. Asit Sharma: Mary, no one's called me illustrious since I put too much hair gel in my hair as like a 20-something so I appreciate that. Mary Long: You know what? I'm out here trying to help you out, gas up a little bit. We were talking about books before we started recording. I feel like that puts another check in the illustrious box for you. But I digress. Asit Sharma: I'll wear the luster proudly throughout the rest of the day. Mary Long: There we go. Asit Sharma: That's not why we're here. Mary Long: That's not why we're here. No, we're here to talk about a lot of car stuff today. We got news yesterday that Amazon has officially entered the car dealer business. Or for now, specifically the Hyundai Biz. In 48 US cities, you will now be able to buy Hyundai vehicles off of Amazon through participating dealers so Amazon acting as a middleman here. You'll also be able to finance the car, arrange a pickup, and or trade in your old car all through the Amazon app. More manufacturers are allegedly coming next year, right off the bat, I can think of a bunch of different players who are affected by this announcement. Let's maybe start with traditional car dealerships. What do you think they are thinking right now? Asit Sharma: I think for them, it's wait and see. Let's start with traditional car dealerships that operate within the Hyundai. I'm sorry, I pronounce this differently than you, Mary. Mary Long: I could very easily be wrong. Asit Sharma: It's just stuck in my head. Hyundai dealerships, you get to opt into this program. You don't have to participate. Even within the umbrella of this one carmaker, I think dealers are looking to see what the economics will be like for those who participate, whether it's better to sacrifice a little bit of your profit to a company like Amazon in a trade for volume. Or just to stick through your own channels that you've built with Hyundai and with your local community. I noticed I went on this morning I am an Amazon Prime customer. I thought, let me buy a new vehicle this morning. I bought maybe a set of light bulbs from Amazon Prime. Last, let me buy a vehicle. I didn't get all the way till the click to purchase. But what I did notice is that the dealership that showed up is about 54 miles away from me, which means that some other dealers haven't opted into the program. But this is available in, I think, like 48 states. If you are a car dealership, whether you're this brand of vehicle or you're maybe with, let's say, GM who we're going to talk about a little later, you're going to see, what the volume looks like, and if it's maybe worth you dabbling or participating in. Mary Long: When you were going through this car buying process on Amazon, potentially, you didn't go all the way. I've heard a rumor that you can get a $2,300 gift card. Was that offered to you, too? Asit Sharma: I didn't get to that point, and I was scared to. Amazon has that one-click function in Prime so if you're not careful, you might end up just buying the vehicle outright. Actually, I think they protect against that. I did hear about that. It's enticing. It's one thing to make you to try it out. I do want to say this about the interface. It's funny. The interface wasn't that glamorous. Actually, there's a much sharper and crisper interface if you go to Hyundai site, but there's a lot more choice. You can build your vehicle. You can root around the different makes and models. Amazon gives you that Amazon experience where they pretty quickly show you a number of vehicles you click through. Then you get your classic prime side panel so you can configure the vehicles by whatever your trim, your price, your parameters are, and that'll shift the results to different dealerships. You can see that, while it's not so flashy, as we've come to expect those who visit the large car manufacturers' websites for buying a new vehicle, it is a faster process, and you're used to it so I had some thoughts that it might be intuitive for many people to use. Mary Long: We hit on how traditional car dealerships might be feeling about this news. What about less traditional ones? What do you think the vibe is at Carvana 's corporate office this morning? Asit Sharma: Carvana has been through a lot. They had troubles with getting their title system right a few years ago, then the economy went in reverse on them with high interest rates. Their business model nearly snapped in, too. I think because they've been through the fire a couple of times, they've been through the crucible, they're probably like, so what? Mary Long: As far as long they're like, another day. [laughs] Asit Sharma: They're battle-hardened, and, too, they probably have some time, if you look at the long-term horizon for how this plays out because Amazon is going to naturally try to work with new car sales up front. That's going to be more profitable for them. They don't necessarily want to get into the business of dealing with used cars. That requires a different type of investment in hand-holding, and that's where Carvana put its money. To make that experience great for someone who wants to buy a used vehicle. They are prone to the vagaries of that market so when used car prices are higher, they make money, and when the economy isn't so great, they hit the skids. But I think it's a space that's like second order for Amazon so I don't think they're that scared yet. I think the vibe pretty much it's 10:00 AM let's go grab another cup of coffee. Mary Long: This is second order for Amazon, as you said, but it still feels like a pretty big jump. Why do they want to bear with me, get into this race in the first place? Asit Sharma: Mary, we've touched on this in some other conversations about Amazon. Let me stop here. I admire Amazon. There are a lot of things I don't admire. I get in trouble when I say this. I don't like some of their business practices. I don't like some of the things that they do and how they treat warehouse employees. I think automation, for one, makes humans compete with the robots, and I think they run their drivers and trucks way too hard. Having said all that, what I do admire about Amazon is that they're steadily marching toward $1 trillion in annual sales. They're going to hit that in a few years, and I've talked before about how they're going to bypass Walmart as the world's largest retailer. When you hit that scale, it becomes harder to move the needle using the top line. If you start selling a new line of dinner cloth napkins on amazon.com, that's not really going to help you move the needle that much. They have to do that but look, get into a big ticket item business where you have a large transaction that's crossing your books, and then you make some appreciable slice on that. If we go past or vision past just working with Hyundai, then there are many other manufacturers, many other big-ticket vehicle pathways for Amazon, if they get other companies to participate, where that starts to become appreciable to that top line and can move the needle on profits and cash flow. They're so big right now. It's almost like this makes sense when you think of how huge their scale is. Mary Long: We already think of Amazon as the everything store, and as you've mentioned, they have their hands in so many different pots, as well. If you, Asit are in charge of determining Amazon's next big business venture, doesn't even have to be big, actually, their next business venture. What would you say it should be? Asit Sharma: I think they should get into the precision agriculture business. Mary Long: I'm not expecting you to say that. Asit Sharma: Only half jokingly. Look at Tesla . There's a company that also invests a lot in Cloud computing in computation and artificial intelligence, but it has this whole manufacturing bent, and that also results in big-ticket sales for Tesla. Amazon has so much smarts in the world of computation. They've got everything that Tesla conceivably has or Apple conceivably has in the electronics portion of any consumer goods. Why not manufacture something? You can sell big-ticket items. It would not be that hard for Amazon to start a small prototype R&D manufacturing operation or just snap up a couple and start figuring out how to compete with the John Deers of the world. I know it's crazy but it's also Wednesday. [laughs] What's your next question, Mary? Mary Long: Well, I promise lots of car talk, so we're going stay in the same lane, but move on to a different angle. While this is happening at Amazon, meanwhile, over at GM, we got news that they're shutting down Cruise, their robotaxi unit. GM has poured between $8 and $10 billion into this department since 2016. A quick trip down memory lane, Asit. When this first rolled out, what was the original dream for Cruise, and what it could be? Asit Sharma: The original dream was for Cruise to become a platform so that GM could be more than just a company that made and sold cars. If they built a fleet of row taxis somewhere here in the US that they could then export around the world, then suddenly GM becomes this ride-hailing for service business and not the sleepy old GM that we all have known all our lives. It's a romantic dream, but it's a dream that also takes capital, smarts, patience, a lot of other things. But that was the vision, and I still applaud GM for having that vision and understanding that to compete in this new world, you've got to evolve. You've got to become more than what you were, but that looks like it wasn't quite the solution for GM. Mary Long: Why did GM decide to abandon this grand vision that they had? Asit Sharma: It goes back to what I was just talking about. I think they had the technology that they were developing. I know they have the capital. GM outputs a lot of free cash flow each year, but this wasn't a small portion. I think the total run rate of capital expenditure on this business on the Cruise robotaxi concept was like two billion bucks a year. That's a lot of money. Then patience, sometimes you are patient as a management team, but your shareholders aren't as patient. Remember, GM was telling investors that this business would mature by the end of the decade. It doesn't look that close to it so I think investors were getting antsy on how much money that GM has put into this business. I'm going to call it rough numbers maybe $8, $9, $10 billion, and what the perceived returns could be. Mary Long: Those perceived returns, Mary Barra had been talking about the idea that Cruise could generate $50 billion in annual revenue by the end of the decade by 2030. Obviously, by shuttering this unit, that's no longer on the table. What other project might replace that potential revenue? Was the success of Cruise already baked into GM stock, and does that now have to be reevaluated? Asit Sharma: I'm going to give an answer that seems very counterintuitive here and that it was baked into the stock price. But if you look at the stock today, it hardly moved. I think GM is down maybe 1.5%. What I mean by that is that lots of analysts who model out to 2030 use a type of reasoning where you're basically taking the probability of something happening and then multiplying that by the total expected return. If Mary Barra says that this is going to be a multibillion-dollar business, $50 billion, as you say, in annual revenue by 2030. I'm an analyst who feels very skeptical and thinks, well, I think there's only a 5% chance of that happening by 2030, I may just plug in $2.5 billion of revenue instead of $50 billion into my forecast. I think it was included and as we got closer to 2030, and investors, yourself, myself, people who use spreadsheets, institutional investors, everyone started to model this out. We would take the probability of what we saw on the ground and then attribute that to what the stock should be valued at so the stock could conceivably have risen if GM had stuck it out. That's one thing that's clear today. The other thing that's clear is that it's so unclear what could possibly bring that much revenue in the next what? They've got five or six years. I don't think they have a good answer to that, but investors probably feel good today that they get back maybe $1 billion worth of cash flow after some restructuring. It's important to know that the other part of that cash burn is going to continue to go on. They're going to try to develop Cruise now as more of a technology for a new car you or I might buy. Maybe by 2030, we have a fully autonomous vehicle that GM will offer that takes all this learning and technology but isn't going toward building this incredible robotaxi fleet. We can just buy that technology, there'll be some yield out of it, but there is no good answer now to any revenue source that's going to bring 50 billion bucks more to their top line in the next five to six years. Mary Long: Obviously, GM is not the first company to pursue these driverless ambitions. They're also not the first company to abandon these driverless ambitions. Uber left the game in 2020 when they sold their self-driving unit to Aurora Innovation, which is backed by Amazon, Lyft followed suit a year later. Ford 's unit, Argo AI closed its store a year after that in 2022. Apple earlier this year, noted that it abandoned its autonomous electric vehicle pursuits. Those are a lot of big companies with a lot of big money. They're all exiting this race so clearly, having the money is not enough to get you closer to the finish line. If that's true, then what is? What do you actually need to make these grand visions of driverless robotaxis a reality? Asit Sharma: I think what you need from the start is a commitment to what's called Level 4 of driving autonomy so this is high driving automation. This is a condition in which you're like a passenger in the car and the car doesn't need a human driver for most situations. That's really hard to do, and I think many companies get into this understanding that they're already potentially at Level 2. Level 2 is like partial driver assistance. Something goes wrong, you can grab the wheel. The transition from this Level 2 to Level 3, which is you're a passenger. You're just watching what's going on. That is harder than most companies assume because to get to this level of autonomy, you need a lot of different types of technology. You need radar, you need LiDAR. You need sensor capability. You need a lot of artificial intelligence. You need high-definition mapping. There's so many I don't even mention ultrasonic sensors. Let's not even get into this level of detail, but you can see from what I'm saying that there's so much involved in getting to truly driverless states that, again, patience comes into play, patience of management teams, patience of shareholders, patience with regulators, like in the US, we still don't have the full regulatory landscape worked out. We don't have the insurance landscape worked out. What happens when one of these robotaxis just collides with a crowd of people who are coming out of a concert? God forbid that should happen. But this stuff is so much harder than it looks both on a capital level, a technological level, patience level. This is why you see even companies with deep pockets just pull up stakes after a while, and kudos to Waymo to Alphabet because Waymo has been around now. I'm sure I'm misquoting this, but the earliest days since 2009, 2010, and rough numbers, Alphabet's probably invested 20 billion bucks already. But they've got their robotaxi fleet in several cities now, and we're going to see that grow in the next couple of years so if you can stick it out you're suddenly dominating a market. Mary Long: Waymo sets us up for a great segue. We've got a daily news digest called Breakfast News. It's free to subscribe to summarizes market and business news each morning, and it closes with a fun question. Today, that question is all about robotaxis. I'm going to pose to you the same question that Breakfast News poses to readers this morning. Have you ridden in one, and do you think we'll be seeing them in most cities, not just these few that they're already in, but most cities anytime soon? Asit Sharma: Unfortunately, I haven't. I live on the East Coast, Mary, and so the centers of development started from the West Coast and moved gradually to the East or Detroit. I really don't have anything that's close by to me where I can even take advantage, but I fully intend to next time I travel out west as long as it looks safe [laughs] or I'll get out of the taxi and feel great. How about you? Mary Long: I was just in Phoenix for a half marathon a couple of weeks ago, and I was so excited to try and ride in a Waymo. I am really not that excited about self-driving cars in general, but just being close to Waymo got me amped. I wanted to try my hand at it, or, I guess, not try my hand at it because I'm not doing anything. But I will say, my friend and I were the bus that was going to take us back to the parking lot after this race was taking forever to get there so I said, oh, perfect opportunity to call a Waymo, and it was going to take 25 minutes to get to us. The bus that we've been waiting for wound up getting there in that time so we did not try it. But if I'm in a city that offers it again, I'll surely check it out. But that wait time was a little bit too much for me at the time. Asit Sharma: Well, maybe at one of our next Fool meet-ups, if we're in a city where there are some Waymo taxis around, we'll try it together. Mary Long: I like that plan. Asit, thanks so much for joining me this morning. Always a pleasure chatting with you. Asit Sharma: Thanks a lot, Mary. This was a lot of fun. Mary Long: You can subscribe to Breakfast News @breakfast.fool.com. I'll drop a link in the show notes for you to do that in case it's of interest. We already talked cars on today's show. How about planes? Up next, Ricky Mulvey makes good on a promise to let Jim Gillies talk about AerCap. An airplane leasing company that's gushing cash. Ricky Mulvey: Jim, we've recorded, I think, about three A segments over the past few months where I've promised that we're going to talk about this airline leasing company called AerCap. Primarily, because it's a company that you seem to be pounding the table for, and when you're doing that, I usually listen. This is an aircraft leasing company called AerCap. Why are you pounding the table for it? Jim Gillies: Well, thanks, Ricky. I guess I am pounding the table for it. Ricky Mulvey: Why was that sarcastic? Hang on. You gave me a little sarcastic thing. I'm giving you time to talk about this company that we normally don't talk about on the show. I thought it would be nice. Jim Gillies: I accept that in the manner in which you've just reframed it. Yes, it is a company that I own, is a company I've recommended multiple times. It's a company that I guess I am pounding the table on maybe in the context of I think there's a lot out there that's enthusiastically valued. Is that a fair way to put it? Ricky Mulvey: Sure. That's a nice way of putting it. Jim Gillies: Enthusiastically valued companies have this proud history of a 2000, 2001, 2002, a 2008, a 2022 coming along, and all of a sudden, those enthusiastically valued companies get a little less enthusiastically valued. But what I look at in AerCap I think we have a really interesting convergence of a number of things. That is the biggest and best player in a space facing probably the most attractive industry conditions they've had for a while, while gushing cash, deploying that capital in the service of shareholders, trading at a compelling valuation with probably the best CEO in the business. But other than that, I guess maybe I'm lukewarm on the company. Ricky Mulvey: We can break down a few of those. Why are conditions good for an aircraft leasing company right now? Jim Gillies: I don't know if you are aware, but we had this little thing called COVID in 2020 and 2021. Ricky Mulvey: Missed that one. Jim Gillies: Yeah, I was going to say, it would have been easy, if you weren't tuned in mainstream media 24/7. During the pandemic, obviously, air travel ground to a bit of a halt, AerCap which had been about a $65, $70 stock pre-pandemic got taken out behind the barn and shot. I think it bought them to $12 or $14 or something. The first time I recommended it in Hidden Gems Canada was around 25, I think, if memory serves and the thesis boils down to pandemics end. Or if they don't, we have a whole host of problems, obviously, that don't really matter about investing. But the thesis was, look, pandemics end and so, what is the world looking like? Well, before the pandemic, before COVID, on a revenue passenger kilometer basis, on RPK basis, air travel grows about 5% a year, doubles about every 15 years, and I'm like, look, that's going to come back. We like to travel as a species, and we're going to do more of it. In fact, post-pandemic, it has been excellent. I think the most recent year was about 12% growth. But I expect we'll probably get back to that 5% thing on the long-term basis, and that's a good thing. That's just the first piece of thinking. The second piece of thinking, though, is that look, here is this company that their customers. They're buying from Boeing and Airbus and they're leasing to insert name of airline here. The airlines came out of the pandemic, I will argue substantially, structurally weakened. I know this sounds weird for people or people don't think about this. Airlines don't really want to own planes. Ricky Mulvey: Why is that? Jim Gillies: Because they're expensive. [laughs] They are expensive, and we want our capital tied up in less assets like that. We prefer someone else owns the asset. That would be AerCap, and the airlines want to focus on running what is, I think we can all agree, a tremendously complex logistics business, right, whether you're moving cargo or people or people as cargo, essentially, that's my last experience on Air Canada. They want to focus on the cost structure and running that business and lease payments even though you're going to probably end up paying more in the long run for the asset. They are happy just to pay lease payments and take on maintenance contracts or whatever, and they're happy to pay that much smaller amount of money to a company like AerCap, and there's a few other competing ones, too. Air Lease is another one. But I hold that AerCap is probably the best in this space. Essentially, it's the airlines looking to rationalize their capital and their cost structures, happy to push that off to someone else until someone else happens to be AerCap. Ricky Mulvey: In the past couple of years, they've taken about 20% of their existing share count off the market, going from that 240 number, we said to about we'll call it 190. Jim Gillies: 185 about now. Ricky Mulvey: We're not doing. It's about 20%. I got to remember people don't have notebooks out, Jim. Is this a company trying to go private? Jim Gillies: Well, it's funny you asked that. About a year ago, I think it was actually almost, I think it was Q3 of 2023, an analyst on the call essentially said that, and Gus Kelly basically said, yeah, the current valuation, which, by the way, at the time was trading at about 0.85, 0.9 times book value and about 6.5 times earnings. Gus Kelly basically said, yeah, if we don't get a better valuation on the market, we're just going to keep buying ourselves, and at some point, it will make sense to take ourselves private. He flat-out said that. That's pretty rare to hear from a CEO. The valuation is slightly worse today. Ricky Mulvey: Are you saying that with air quotes? Jim Gillies: I am saying that with air quotes as of last week. I haven't looked this week. As of last week, the price-to-book ratio here was 1.06, and the price-to-earnings ratio was 8.2. Seems fairly cheap, and I think that both of those numbers are wrong in the direction of being too conservative. Ricky Mulvey: As we wrap up this segment, I know you wanted to talk about what debt means for a leasing company. Thoughts on that or anything else on AerCap as we finally make this time for this aircraft leasing company on Motley Fool Money? Jim Gillies: If you pull up AerCap's quote today, you're going to see that this is a company that's about a $17, $18 billion market cap. Then you're going to pull open the balance sheet, you're going to see this company has $43 billion in debt. A subset of people are going to freak out and go, Oh, my goodness, look at how much debt here. This is a ridiculous idea. Gillies is an idiot and run away with their hands screaming. Thing is, when you're a lessor, debt is raw material to you. It's like steel for a car maker. They are deploying that into assets, in this case, planes or engines or even helicopters, but mainly planes. They're deploying it into assets that are readily redeployable. If Mulvey Airlines decides to close down business, there's another airline there that will take the plane from you. We'll get it release really quickly. As well, they're salable. That's another thing that's going on with AerCap. They quite often will buy a new plane, and they'll run it for the first third to two-thirds of its useful life. If a plane on average is good for 25-30 years, AerCap will run it for 10-15 years, and then they'll sell it to airlines. The interesting thing is, they have been selling these planes. Historically, they were very good at selling these planes, and they would sell them for about 1.5 times book value. As mentioned, the stock today is selling for just over one times book value. But if you're able to sell assets for 1.5 times book value, that implies a couple of things. The first thing it implies is that you've been over-depreciating your existing assets. You've been taking too much depreciation expense, which has depressed your earnings down. Remember, this thing is only trading at eight times earnings, and those earnings are probably understated because of that over-depreciation. The second thing is if I can sell my planes for 1.5-2 times book value, spoiler, most recent quarter, they're actually selling older aircraft at two times book value. What does that imply for the assets still remaining on your books? I would argue it implies that because of that over-depreciation, those assets are undervalued, at least reported there. I like to see what's going on with this company as they cycle capital through, and part of that is going to show up as debt, but you have to understand debt is a raw material. It shouldn't be viewed as scary because at the end of the day, let's say AerCap needed to pay off all their debt tomorrow or at least in the near term. In theory, they could sell a bunch of planes, engines, helicopters to pay off all the debt. The portfolio is almost 3,500 airplanes, engines, helicopters. They could monetize far more than they're currently doing. The debt is not terribly a worry, frankly. I will close with this. One of my compatriots asked me this question when he was asking questions about AerCap and whether he should invest and he says, well but what about macro conditions? What about the macro? I'm not too sure I like the macro environment right now. There's some pressures on the stock market, pressures on recessionary talk in parts of the world. I just looked at him and said, how much worse macro-wise do you think it gets than shutting down the world for two years? Yet here is AerCap making all-time highs on the other side of that. Are you expecting we're going to shut down the world again? Because I suspect we're not, and if we don't, then here is this company again. Tremendous cash flows, super valuation, dominant place in their space, industry conditions in their favor with the best CEO and capital allocator in the industry. Seems pretty good to me. Ricky Mulvey: You know what? I'm glad we didn't do this on A segment. You needed some runway for this one. Jim Gillies, thanks for your time and your insight. Appreciate being here. Jim Gillies: Thank you. Mary Long: As always, people on the program may have interest in the stocks they talk about, and. The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. All personal finance content follows Motley Fool editorial standards and are not approved by advertisers. The Motley Fool only picks products that it would personally recommend to friends like you. I'm Mary Long. Thanks for listening. We'll see you tomorrow, Fools.
NEW YORK (AP) — A slide for market superstar Nvidia helped pull U.S. stock indexes down from their records. The S&P 500 fell 0.6% Monday, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.6% from its own record. Nvidia was the market’s heaviest weight after China said it’s probing the chip giant for potential antitrust violations. Stocks in Hong Kong jumped after top Chinese leaders agreed on a “moderately loose” monetary policy. Prices for oil and gold rose following the ouster of Syrian leader Bashar Assad. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — A slide for market superstar Nvidia on Monday is helping to pull U.S. stock indexes down from their records. The S&P 500 fell by 0.3% in afternoon trading, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average was down 57 points, or 0.1%, as of 1:53 p.m. Eastern time, and the Nasdaq composite pulled back 0.3% from its own record. Nvidia's drop of 2.1% was by far the heaviest weight on the S&P 500 after China said it's investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia has skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of the world’s move into artificial-intelligence technology. That gives its stock’s movements more sway on the S&P 500 than nearly every other. Nvidia's fall overshadowed gains in Hong Kong and for Chinese stocks trading in the United States on hopes that China will deliver more stimulus for the world's second-largest economy. Roughly half the stocks in the S&P 500 also rose. The week’s highlight for Wall Street will arrive midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show the inflation that U.S. consumers are feeling remained stuck at roughly the same level last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level. They’re the last big pieces of data the Federal Reserve will get before its meeting next week on interest rates. The widespread expectation is still that the central bank will cut its main interest rate for the third time this year. The Fed has been easing its main interest rate from a two-decade high since September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2% target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set so many all-time highs this year. On Wall Street, Interpublic Group rose 5.8% after rival Omnicom said it would buy the marketing and communications firm in an all-stock deal. The pair had a combined revenue of $25.6 billion last year. Omnicom, meanwhile, sank 9.3%. Macy’s climbed 1.5% after an activist investor, Barington Capital Group, called on the retailer to buy back at least $2 billion of its own stock over the next three years and make other moves to help boost its stock price. Super Micro Computer rose 4.6% after saying it got an extension that will keep its stock listed on the Nasdaq through Feb. 25, as it works to file its delayed annual report and other required financial statements. Earlier this month, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board following the resignation of its public auditor . In the oil market, a barrel of benchmark U.S. crude rallied 2% to $68.56 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels. Brent crude, the international standard, was mostly unchanged at $71.05. The price of gold also rose 1% amid the uncertainty created by the end of the Assad family’s 50 years of iron rule. In stock markets abroad, the Hang Seng jumped 2.8% in Hong Kong after top Chinese leaders agreed on a “moderately loose” monetary policy for the world’s second-largest economy. That’s a shift away from a more cautious, “prudent” stance for the first time in 10 years. A major planning meeting later this week could also bring more stimulus for the Chinese economy. U.S.-listed stocks of several Chinese companies climbed, such as a 13.1% jump for electric-vehicle company Nio and a 9.1% rise for Alibaba Group. Stocks in Shanghai, though, were roughly flat. In Seoul, South Korea’s Kospi slumped 2.8% as the fallout continues from President Yoon Suk Yeol 's brief declaration of martial law last week in the midst of a budget dispute. In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.15% late Friday. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated PressNTET 2024: Provisional Answer Keys Out, Check Steps To Raise ObjectionsBaker Mayfield mocks Tommy DeVito's celebration as the Bucs embarrass the Giants 30-7
Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Heritage Insurance Holdings, Inc. ( NYSE:HRTG – Free Report ) by 22.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,587 shares of the insurance provider’s stock after buying an additional 70,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 1.27% of Heritage Insurance worth $4,756,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. boosted its position in shares of Heritage Insurance by 63.3% in the second quarter. American Century Companies Inc. now owns 432,732 shares of the insurance provider’s stock worth $3,064,000 after buying an additional 167,819 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Heritage Insurance by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,414,585 shares of the insurance provider’s stock worth $10,016,000 after acquiring an additional 96,923 shares during the period. Renaissance Technologies LLC grew its position in Heritage Insurance by 45.7% in the second quarter. Renaissance Technologies LLC now owns 436,099 shares of the insurance provider’s stock valued at $3,088,000 after acquiring an additional 136,800 shares in the last quarter. Bank of New York Mellon Corp grew its position in Heritage Insurance by 263.3% in the second quarter. Bank of New York Mellon Corp now owns 87,814 shares of the insurance provider’s stock valued at $622,000 after acquiring an additional 63,645 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its stake in shares of Heritage Insurance by 413.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 74,772 shares of the insurance provider’s stock valued at $529,000 after purchasing an additional 60,207 shares during the period. 59.03% of the stock is owned by institutional investors and hedge funds. Heritage Insurance Trading Up 0.7 % NYSE HRTG opened at $12.39 on Friday. The company has a market capitalization of $380.13 million, a price-to-earnings ratio of 4.96 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. Heritage Insurance Holdings, Inc. has a 12 month low of $5.51 and a 12 month high of $16.90. The company’s fifty day moving average price is $12.06 and its two-hundred day moving average price is $10.53. Analysts Set New Price Targets HRTG has been the subject of a number of recent analyst reports. StockNews.com raised shares of Heritage Insurance from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Piper Sandler upgraded Heritage Insurance from a “neutral” rating to an “overweight” rating and raised their target price for the company from $9.00 to $13.00 in a research note on Friday, August 9th. Finally, Truist Financial boosted their price target on Heritage Insurance from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Read Our Latest Stock Report on Heritage Insurance Heritage Insurance Company Profile ( Free Report ) Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance. Featured Articles Want to see what other hedge funds are holding HRTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage Insurance Holdings, Inc. ( NYSE:HRTG – Free Report ). Receive News & Ratings for Heritage Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Insurance and related companies with MarketBeat.com's FREE daily email newsletter .Andrej Jakimovski hit a layup with 8 seconds left, and Colorado upset No. 2 UConn 73-72 in the consolation bracket of the Maui Invitational on Tuesday in Lahaina, Hawaii. Colorado (5-1) rallied from down 11 in the first half to get the win over the two-time defending national champions Huskies. Jakimovski finished with 12 points and 10 rebounds and Julian Hammond III and Elijah Malone each scored 16 for the Buffaloes, who advanced to the fifth-place game in Maui on Wednesday. Down 72-71, Jakimovski drove the right side of the lane and made a scoop shot as he was falling down. UConn called timeout to set up the final play but Hassan Diarra missed a 3-pointer with 2 seconds left. Liam McNeeley led UConn with 20 points, Solo Ball scored 16 and Diarra finished with 11. The Huskies (4-2) lost two straight for the first time since dropping three in a row from Jan. 11-18, 2023. Colorado trailed by eight at halftime and Diarra hit two 3-pointers early in the second half that made it 46-37. The Buffaloes scored the next 11 points to take a 48-46 lead, their first of the game. Hammond bookended that run with a pair of triples. UConn went back in front 55-52 on Tarris Reed Jr.'s driving layup but Malone's bucket with 8:34 left tied it at 59. McNeeley's hook shot gave the Huskies a 63-60 lead before Jakimovski drained a 3-pointer to tie it again with 5:16 left. Ball hit a 3-pointer and a layup to give UConn a five-point lead but Colorado got within 70-69 on two free throws by Malone with 2:04 left. A putback from Jaylin Stewart made it a three-point game with 1:29 remaining. Malone answered with a layup, Javon Ruffin blocked Diarra's shot and Colorado got an offensive rebound with 24 seconds left to set up the winning basket. McNeeley made his first four shots from deep and had 16 points by intermission to lead the Huskies. Colorado had opportunities to make it a close game by halftime but went just 12-for-19 from the foul line and trailed 40-32. UConn attempted only four free throws in the first half and had five players with two or more fouls, including Reed, who had three. --Field Level Media