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THOUSAND OAKS, Calif. , Dec. 10, 2024 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced that its Board of Directors declared a $2.38 per share dividend for the first quarter of 2025. The dividend will be paid on March 7, 2025 , to all stockholders of record as of the close of business on February 14, 2025 . About Amgen Amgen discovers, develops, manufactures and delivers innovative medicines to help millions of patients in their fight against some of the world's toughest diseases. More than 40 years ago, Amgen helped to establish the biotechnology industry and remains on the cutting-edge of innovation, using technology and human genetic data to push beyond what's known today. Amgen is advancing a broad and deep pipeline that builds on its existing portfolio of medicines to treat cancer, heart disease, osteoporosis, inflammatory diseases and rare diseases. In 2024, Amgen was named one of the "World's Most Innovative Companies" by Fast Company and one of "America's Best Large Employers" by Forbes, among other external recognitions . Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average ® , and it is also part of the Nasdaq-100 Index ® , which includes the largest and most innovative non-financial companies listed on the Nasdaq Stock Market based on market capitalization. For more information, visit Amgen.com and follow Amgen on X , LinkedIn , Instagram , TikTok , YouTube and Threads . Forward-Looking Statements This news release contains forward-looking statements that are based on the current expectations and beliefs of Amgen. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including any statements on the outcome, benefits and synergies of collaborations, or potential collaborations, with any other company (including BeiGene, Ltd. or Kyowa Kirin Co., Ltd.), the performance of Otezla® (apremilast) (including anticipated Otezla sales growth and the timing of non-GAAP EPS accretion), our acquisitions of Teneobio, Inc., ChemoCentryx, Inc., or Horizon Therapeutics plc (including the prospective performance and outlook of Horizon's business, performance and opportunities, any potential strategic benefits, synergies or opportunities expected as a result of such acquisition, and any projected impacts from the Horizon acquisition on our acquisition-related expenses going forward), as well as estimates of revenues, operating margins, capital expenditures, cash, other financial metrics, expected legal, arbitration, political, regulatory or clinical results or practices, customer and prescriber patterns or practices, reimbursement activities and outcomes, effects of pandemics or other widespread health problems on our business, outcomes, progress, and other such estimates and results. Forward-looking statements involve significant risks and uncertainties, including those discussed below and more fully described in the Securities and Exchange Commission reports filed by Amgen, including our most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. Unless otherwise noted, Amgen is providing this information as of the date of this news release and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. No forward-looking statement can be guaranteed and actual results may differ materially from those we project. Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales growth of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and global economic conditions. In addition, sales of our products are affected by pricing pressure, political and public scrutiny and reimbursement policies imposed by third-party payers, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline developments and domestic and international trends toward managed care and healthcare cost containment. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. We or others could identify safety, side effects or manufacturing problems with our products, including our devices, after they are on the market. Our business may be impacted by government investigations, litigation and product liability claims. In addition, our business may be impacted by the adoption of new tax legislation or exposure to additional tax liabilities. If we fail to meet the compliance obligations in the corporate integrity agreement between us and the U.S. government, we could become subject to significant sanctions. Further, while we routinely obtain patents for our products and technology, the protection offered by our patents and patent applications may be challenged, invalidated or circumvented by our competitors, or we may fail to prevail in present and future intellectual property litigation. We perform a substantial amount of our commercial manufacturing activities at a few key facilities, including in Puerto Rico , and also depend on third parties for a portion of our manufacturing activities, and limits on supply may constrain sales of certain of our current products and product candidate development. An outbreak of disease or similar public health threat, such as COVID-19, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. We rely on collaborations with third parties for the development of some of our product candidates and for the commercialization and sales of some of our commercial products. In addition, we compete with other companies with respect to many of our marketed products as well as for the discovery and development of new products. Discovery or identification of new product candidates or development of new indications for existing products cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate or development of a new indication for an existing product will be successful and become a commercial product. Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers. Certain of our distributors, customers and payers have substantial purchasing leverage in their dealings with us. The discovery of significant problems with a product similar to one of our products that implicate an entire class of products could have a material adverse effect on sales of the affected products and on our business and results of operations. Our efforts to collaborate with or acquire other companies, products or technology, and to integrate the operations of companies or to support the products or technology we have acquired, may not be successful. There can be no guarantee that we will be able to realize any of the strategic benefits, synergies or opportunities arising from the Horizon acquisition, and such benefits, synergies or opportunities may take longer to realize than expected. We may not be able to successfully integrate Horizon, and such integration may take longer, be more difficult or cost more than expected. A breakdown, cyberattack or information security breach of our information technology systems could compromise the confidentiality, integrity and availability of our systems and our data. Our stock price is volatile and may be affected by a number of events. Our business and operations may be negatively affected by the failure, or perceived failure, of achieving our environmental, social and governance objectives. The effects of global climate change and related natural disasters could negatively affect our business and operations. Global economic conditions may magnify certain risks that affect our business. Our business performance could affect or limit the ability of our Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock. We may not be able to access the capital and credit markets on terms that are favorable to us, or at all. CONTACT: Amgen, Thousand Oaks Elissa Snook , 609-251-1407 (media) Justin Claeys , 805-313-9775 (investors) View original content to download multimedia: https://www.prnewswire.com/news-releases/amgen-announces-2025-first-quarter-dividend-302328180.html SOURCE Amgen
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NEW YORK (AP) — Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose to 4.62%. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Technology stocks are dragging down the market Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.3%, with more than 90% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 418 points, or 1%, to 42,878 as of 1:43 p.m. Eastern time. The Nasdaq composite fell 1.8%. Technology stocks were the biggest weight on the market Friday. Semiconductor giant Nvidia slumped 2.7%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 2% decline. A wide range of retailers also fell. Amazon fell 1.9% and Best Buy slipped 1.8%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy stocks held up better than the rest of the market, with a loss of just 0.1% as crude oil prices rose 1.4%. The S&P 500 gained nearly 3% over a 3-day stretch before breaking for the Christmas holiday. On Thursday, the index posted a small decline. “There's just some uncertainty over this relief rally we've witnessed since last week,” said Adam Turnquist, chief technical strategist for LPL Financial. Despite Friday's drop, the market is . The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though Inflation has come closer to the central bank's target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to , a bigger U.S. government debt and difficulties for global trade. Amedisys rose 4.7% after the home health care and hospice services provider agreed to extend the deadline for its sale to UnitedHealth Group. The Justice Department had sued to block the $3.3 billion deal, citing concerns he combination would hinder access to home health and hospice services in the U.S. The move to extend the deadline comes ahead of an expected shift in regulatory policy under Trump. The incoming administration is expected to have a more permissive approach to dealmaking and is less likely to raise antitrust concerns. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury rose to 4.61% from 4.59% late Thursday. The yield on the two-year Treasury slipped to 4.31% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity. Damian J. Troise, The Associated Press
Get essential daily news for Fort Worth area Sign up to receive insightful, in-depth local stories today. 📩 The Fort Worth Community Arts Center will close its doors to the public at the end of the month, but that doesn’t mean the end of the nonprofit that manages the space. Arts Fort Worth, which managed the facility at 1300 Gendy St. for 22 years, will continue to manage the city’s public art and grant programs as well as serve as a resource for artists and other arts organizations within the community. The building was first constructed in 1954 with new additions in 1966 and 1976. “We’ve been able to do a lot of really meaningful things through this physical space,” said Wesley Gentle, executive director and president of Arts Fort Worth. “Those things have been tied to this physical space, and so much of the next step for us is taking that same energy ... (and) motivation for our community and doing it in a way that isn’t rooted in one spot.” Arts Fort Worth announced it would vacate the building in July, shortly after one of its anchor subtenants, KWC Performing Arts, abruptly announced its closure . The city-owned building is in need of roughly $30 million in repairs , which Arts Fort Worth would be responsible for, according to its lease agreement. Continuing operations there would not be financially sustainable, Gentle said last summer. City officials have explored different options for redeveloping the building. After issuing a request for proposals, hosting public presentations and announcing two finalists, the city ultimately decided not to move forward with either plan in May. The future of the building is still uncertain, but Mayor Mattie Parker assured residents at a 2023 City Council meeting that the location would continue to serve the arts community. Several artists and longtime Fort Worth residents paid homage to the center during a Dec. 6 open house event hosted by Arts Fort Worth. Artist Val Hunnicutt hopes that the building, which once housed the Modern Art Museum of Fort Worth, can be preserved. “It’s hard to think about not having it here,” she said. The mixed media artist said she always looked forward to Historic Fort Worth Inc.’s annual show when it was still hosted in the space, often creating new work for the occasion. Likewise, professional pianist and art collector Cynthia Ann Miller has fond memories of the space. “I don’t think I missed any of their shows when they had the whole place filled with art, and you could walk in for free and enjoy yourself,” she said. Miller has reverence for all of the wonderful things that happened there, she continued, but she wants people to look at this change as an opportunity. “It will not be the same,” she said. “It will be better. We will learn and we will grow.” During a presentation to attendees, Gentle shared how Arts Fort Worth is planning to better serve residents across the sprawling city. By hosting an arts summit at Texas Wesleyan University in March, Arts Fort Worth hopes to reach more people from the Poly neighborhood while also highlighting the resources that recently opened on the Eastside like Easyside , TUBMAN Gallery and Kinfolk House . “We do want to see you continue to pop up in other parts of town because then we have a different audience and it’s, you know, usually you have some people that’ll travel to find the resources they need, but oftentimes for any number of reasons, right?” Gentle said. “You just physically can’t get there. The time of day doesn’t work. When we move around, it’s easier to meet people where they are.” The space is one where many artists made their stage debut or participated in their first gallery show, and it has many meaningful memories for Gentle as well, he said. He remains hopeful that Arts Fort Worth will continue to make an impact moving forward. “It’s going to be a process, and I’m excited for the process. I hope more people get excited to join us and be a part of it because it’s only as good as the team that we’re working with, the partners you’re working with,” Gentle said. Marcheta Fornoff covers the arts for the Fort Worth Report. Contact her at marcheta.fornoff@fortworthreport.org. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here . Get essential daily news for the Fort Worth area. Sign up for insightful, in-depth stories — completely free. Related Fort Worth Report is certified by the Journalism Trust Initiative for adhering to standards for ethical journalism . Republish This Story Republishing is free for noncommercial entities. Commercial entities are prohibited without a licensing agreement. Contact us for details. 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If you share our stories on social media, please tag us in your posts using @FortWorthReport on Facebook and @FortWorthReport on Twitter. by Marcheta Fornoff, Fort Worth Report December 7, 2024NEW YORK and LONDON , Dec. 11, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") has commenced an underwritten public offering of its Series A Preferred Stock Due 2029. Certain financial and other terms of the Series A Preferred Stock are to be determined by negotiations between the Company and the underwriters. Shares of the Series A Preferred Stock are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock pursuant to the same terms and conditions. Shares of the Series A Preferred Stock are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the ticker symbol "PDPA." Lucid Capital Markets, LLC ("Lucid"), B. Riley Securities, Inc. and Kingswood Capital Partners, LLC are acting as joint book-running managers and InspereX LLC and Janney Montgomery Scott LLC are acting as lead managers for the offering. The Company intends to use the proceeds from the offering to acquire investments in accordance with the investment objectives and strategies described in the prospectus supplement and for general working capital purposes. Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing. The preliminary prospectus, which has been filed with the Securities and Exchange Commission ("SEC"), contains this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus and this press release is not complete and may be changed. The preliminary prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted. A registration statement relating to these securities is on file with, but has not yet been declared effective by, the SEC. Copies of the preliminary prospectus (and the final prospectus, when available) may be obtained by writing to Lucid Capital Markets, LLC, 570 Lexington Avenue, New York, New York 10022, by calling Lucid toll-free at 646-362-0256 or by sending an e-mail to Lucid at prospectus@lucid.com . Copies also may be obtained on the SEC's website at www.sec.gov . Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency. About Pearl Diver Credit Company Inc. Pearl Diver Credit Company Inc. (NYSE: PDCC) is an externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by a large number of distinct US companies across several industry sectors. The Company is externally managed by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com . Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Investor Contact: Info@Pearldivercap.com UK: +44 (0)20 3967 8032 US: +1 617 872 0945 View original content to download multimedia: https://www.prnewswire.com/news-releases/pearl-diver-credit-company-inc-announces-offering-of-series-a-preferred-stock-302329464.html SOURCE Pearl Diver Credit Company Inc.
President-elect Donald Trump asked the Supreme Court to pause the in mid-January until after his inauguration. Trump filed a brief on Friday urging the top court to give him time to "pursue a political resolution" before agreeing to ban the social media app. In April, Congress passed a that established a nine-month deadline for TikTok's Chinese parent company to divest from the app or be barred from US app stores. Neither TikTok nor Trump's lawyers immediately responded to Business Insider's request for comment. BI also reached out to the Supreme Court. In the Friday filing, Trump's lawyers highlighted the president-elect's "consummate deal-making expertise," suggesting Trump has the "political will" to negotiate a resolution that would simultaneously "save the platform" and address the national security concerns highlighted in the Congressional bill. The nine-month deadline is officially up on January 19, which is one day before Trump assumes office for a second time. Trump previously but appeared to change his mind in recent months. He met with the app's earlier this month and said he had a "warm spot" in his heart for TikTok. Legal experts previously told BI that to try to keep the app running in the US, including asking his Department of Justice to ignore the divest law or trying to rework strategic interpretations of the law. Trump and his lawyers also argue that the president-elect has a mandate from American voters to protect their free-speech rights, including those who use TikTok. "Moreover, President Trump is one of the most powerful, prolific, and influential users of social media in history," the file said. "Consistent with his commanding presence in this area, President Trump currently has 14.7 million followers on TikTok with whom he actively communicates, allowing him to evaluate TikTok's importance as a unique medium for freedom of expression, including core political speech," lawyers added. Read the original article onARLINGTON, Va. (AP) — Alex Ovechkin has not missed many games during his two decades in the NHL with the Washington Capitals, and that remarkable durability is one reason why he is fast-approaching Wayne Gretzky’s career goals record. The Capitals had lost 33 of their 59 games in the lineup during his first 19 seasons, including 23 of 36 over the past decade. In stark contrast to that, they’ve won six of nine since the 39-year-old captain was — a testament to a not only to help him break the record but prepare the organization for the post-Ovechkin era. “Ovi, he’s a legend, he’s special, he’s always going to probably lead the team in goals and we’re a better team with him, but we’re also a team where I think we’re not necessarily maybe relying on one or two players to win games,” said center Lars Eller, who rejoined the team from Pittsburgh a month ago. “We have four pretty strong lines, three D pairs and two good goalies. We don’t depend on one or two individuals, and I think that’s the strength of the team.” Depth fortified by the additions of centers , and Eller, wingers , Brandon Duhaime and Taylor Raddysh, defensemen Jakob Chychrun, Matt Roy and and goaltenders Charlie Lindgren and over the past few years has been the key to remaining a playoff contender. Longtime general manager Brian MacLellan, who after the most recent makeover this past summer and moved upstairs as president of hockey operations, excelled in keeping Washington’s winning window open with Ovechkin in the second-to-last year of his contract. Veteran defenseman John Carlson said the infusion of talent “really lit a fire under everybody.” The Capitals led the Eastern Conference when Nov. 18, and they remain atop the East more than three weeks into his absence. Fourteen players have scored a goal during this stretch, including six wins and an overtime defeat since losing the first two without him. “We’re a deep group,” said right winger Tom Wilson, the team’s leading scorer during this stretch with nine points on five goals and four assists who expects to continue playing with a shield protecting his face after breaking a small bone in the sinus cavity area on the left side. “Everybody’s kind of stepping up on any given night. It’s a real group effort, and I think guys are really playing for each other.” Carlson, who along with Ovechkin, Wilson and now Eller upon return are the only players left from Washington’s 2018 Stanley Cup championship team, also sees it as a case of younger teammates taking advantage of this chance. “There’s the colossal emptiness of it, but there’s also a lot of opportunity for guys who would never otherwise be there when he’s on this team,” Carlson said. “When someone goes down, it’s obviously always kind of a rallying thing where guys need to step up, guys need to fill in and play bigger roles and play more minutes. But I think the way that our team’s built is depth, and that’s been our strength this year is kind of contributions from everybody.” when he went down, and the Capitals were the high-scoring team in the league at 4.33 goals a game. They still are, down just a tick to an average of 4.04, and their 16 goals from defensemen are a big reason for that after ranking second-last in blue line production last season. “We’re playing to our structure and doing what we want to do out there,” said Chychrun, who has eight points in nine games as part of an impressive start to his contract year. “We’ve got a D corps where everybody’s a really good player on that back end and can play in all situations and two-way guys and guys who have contributed offensively throughout their career.” Another major defense is , who acknowledged the structure and playing standard as a good place to start but pointed the credit to veteran leaders like Carlson, Strome, Wilson and Nic Dowd for shepherding the Capitals through Ovechkin-less hockey. “They don’t go around the room and go, ‘Hey, we’ve got to do more, guys,’” Carbery said. “They don’t announce it, but what they do is they think about it and go: ‘OK, we’re missing him. I’ve got to step my game up and I need to bring more.’ And that’s not just on the ice, on the power play, on 5 on 6 when we’re defending a lead. It’s not just the Xs and Os. It’s in the locker room. It’s energy in practice. It’s all the things that he brings every day when he’s in the lineup and when he’s practicing.” Ovechkin skated before practice Wednesday and got an assist from longtime running mate Nicklas Backstrom, who because of a lingering hip injury. Carlson quipped, “I think Ovi wanted someone with a little more skill passing him the rock out there.” The day is coming soon when Ovechkin returns to team drills and then game action. The Capitals are doing more than stay afloat without him, but they’ll welcome him back with open arms the moment he’s ready. As Eller said, “Obviously I think we’re even better when he’s in the lineup.” ___ AP NHL:
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One hundred years ago, in a courtyard at the Neues Museum in Berlin, the world came face to face for the first time with one of its most enduring beauty icons: Queen Nefertiti. Discovered in Egypt in 1912 by German archeologists, her 3,300-year-old stucco-coated limestone bust went on display in 1924. Its unveiling stunned audiences from Cairo to London and sparked a century-long fascination with her aesthetic. The artifact’s sharply defined features — her chiseled jawline, high cheekbones, ‘swan-like’ neck, and kohl-rimmed eyes — have, for decades, served as a reference point across fashion and the arts. In the bust, Nefertiti is seen wearing a wide collar and a flat-topped crown with a golden band and uraeus (a headdress featuring a sacred serpent), decorated in greens, yellows, browns and blues. Research indicates that she was a royal and noblewoman who reportedly bore six daughters, one of whom is said to have married Tutankhamun, but little else is known about Nefertiti’s life and origins. Egypt in the 14th century BC was not ethnically or racially homogeneous, and many scholars surmise that, based on her depictions and the region’s population, Nefertiti would be considered a woman of colour in today’s terms. “Nefertiti’s bust is so perfect; she’s so self-possessed,” Dr. Cheryl Finley, a professor of art history at Spelman College in Atlanta, told CNN . “That’s what really grabs the attention and imagination. It’s her confidence, and her gaze, of course. It’s something that attracts us all.” Following the bust’s discovery in the 1920s, Nefertiti quickly became an “it” girl. The meaning of her name, ‘the beautiful one has arrived,’ proved particularly apt, as her face was plastered across advertisements for kohl, and her likeness appeared in beauty columns. Designers of the time, such as the French couturier Paul Poiret, incorporated Egyptian motifs into their work. In 1945, American milliner Lilly Daché designed hats with a distinct Nefertiti flair. By 1961, Vogue had published an article exploring the world’s ongoing “fascination” with the queen. Elizabeth Taylor’s portrayal of Cleopatra in 1963 further cemented this obsession, making the “Egyptian look” a staple in fashion circles. Nefertiti’s style continued to influence fashion decades after the bust’s discovery. In Dior’s Spring 2004 show, John Galliano showcased looks that included tall Nefertiti hats. In 2015, Christian Louboutin launched a lipstick collection that drew inspiration from the royal wife, featuring gold-and-black vials adorned with crowns. (Nefertiti likely used the natural clay earth pigment red ochre for her lips). Jewelry designers like Azza Fahmy have evoked her in their pieces, while Azzedine Alaïa’s Fall 2017 line paid tribute with black turbans, one of which was famously worn by supermodel Naomi Campbell. In the modern day, Nefertiti’s significance as a cultural icon remains strong. On TikTok and Instagram, influencers recreate the queen’s looks in tutorials. Her likeness inspires items as varied as mass-produced T-shirts and mugs to $14,000 dresses and high-end perfumes. In the beauty industry, Black and brown-owned brands like Juvia’s Place and UOMA Beauty have marketed makeup that pays homage to Nefertiti. Even plastic surgeons name-drop her with the “Nefertiti Lift”— a non-invasive cosmetic technique that uses Botox to enhance the jawline. “Nefertiti’s bust... transcends time,” explained Finley. “It also enables people to draw their own power from it.” But the story of how the bust of Nefertiti found its way to Berlin in the first place is mired in controversy. After being transported to Europe in 1913, one year after its discovery in Egypt, the piece was hidden from public view for over a decade. In 1924, to much fanfare, it was put on display at the Neues Museum, where it still remains, spurring an ongoing debate about its rightful resting place (a recent petition led by Egyptologist Zahi Hawass has reignited calls for its repatriation, saying that its removal from the country was “unjustified” and against “the spirit of Egyptian laws”.) When the bust was first unveiled, White western women sought to emulate Nefertiti’s look. A 1933 New York Times article encouraged women to recreate her angular features — albeit without darkening the skin, echoing structural imbalances in the beauty industry, which fetishized non-European aesthetics yet discouraged and discriminated against darker skin tones. Women began to fashion their looks after Nefertiti’s style, lining their eyes like her cat-eye, wearing tops that imitated the era’s collars, and donning tall hats or styling their hair high to resemble her crown. Replicas of the bust even appeared in American hair salons, promising the allure of her ‘exotic’ beauty. “And why wouldn’t you want to look like her?” said Dr. Elka Stevens, an associate professor of visual culture and studio art at Howard University in Washington, D.C. “Take the crown off, drop her in any society, and she can fit in. ” A model in Nefertiti-inspired headdress on the runway of the Christian Dior Spring 2004 couture collection in Paris. (Dominique Maître/WWD/Penske Media/Getty Images via CNN Newsource) Telling us more about ourselves than her Nefertiti may have been more palatable to European audiences as some of the bust’s features align well with western aesthetic preferences, explained Professor Charmaine A. Nelson of the University of Massachusetts Amherst. The queen, she noted, defied “so much of the history of the western perception of Black women and women of colour, (which) is as ‘other,’ as ‘grotesque,’ as ‘unaesthetic body,’” said Nelson, who teaches Black diasporic art and art history. “It’s really striking and probably works in the favour of the White gaze that her hair is covered,” she added, suggesting that textured hair, particularly Afro-textured styles, have historically challenged Eurocentric beauty standards. In some ways, Nefertiti tells us more about ourselves than she does about her. Although she is one of ancient history’s most recognizable figures, much of her life remains a mystery — a gap that allows her persona to be molded into whatever icon society needs at any given time. As the wife of Pharaoh Akhenaten, Nefertiti played a major role in Egyptian politics. Together, the pair led a religious revolution by abandoning polytheism and promoting worship of the sun god Aten. Nefertiti was often portrayed with her husband in elaborate attire, suggesting her fashion was tied to her political grativas. But 12 years into Akhenaten’s reign, she vanished from historical records, leading to endless theories about her fate — was she forced into exile, did she fall ill, or was she murdered? Some speculate that she may have even assumed a new identity as a co-regent. Nefertiti’s legacy has been whitewashed in various ways; a 2018 3D reconstruction, for example, sparked backlash for its lighter skin tone. Such efforts reflect attempts to whiten Egypt and to “make claim to it as closer to Europe than to (Black) Africa,” Nelson notes. A symbol of power Meanwhile, in Black culture, Nefertiti has been embraced as a symbol of power, with contemporary figures like Beyoncé and Rihanna drawing from her image. Rihanna, who has a tattoo of Nefertiti’s bust on her ribcage, paid homage to her in a 2017 Vogue Arabia cover. Beyoncé channeled Nefertiti in her 2016 “Sorry” music video, styling her hair to mimic the crown and posing like the artwork. The singer’s Coachella performance in 2018 featured a Balmain-designed cape adorned with Nefertiti’s resemblance. At the height of her career, Erykah Badu wrapped her locs in the shape of the queen’s headdress; Aretha Franklin also wore “Nefertiti head wraps”. More recently, English singer FKA Twigs flaunted a half-shaved head and faux locs, mirroring Nefertiti’s crown and, at the 2024 Met Gala, Imaan Hammam’s makeup artist gave the Dutch supermodel exaggerated eyeliner, also honouring the ancient queen. The royal consort’s memory goes far beyond trends — it helps shape how people see themselves, said Stevens. “It changes the way we engage with one another when we know there’s this shared history.” Perhaps most important is that for many, Nefertiti’s image is deeply personal. “I see my family when I look at her, and I can see your family,” says Stevens. For this reason, “we’re going to be regaled with tales of her beauty until the end of time. She’s not going anywhere — she’s going to live through each of us, and that’s the most exciting thing.”NEW YORK and LONDON , Dec. 11, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") has commenced an underwritten public offering of its Series A Preferred Stock Due 2029. Certain financial and other terms of the Series A Preferred Stock are to be determined by negotiations between the Company and the underwriters. Shares of the Series A Preferred Stock are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock pursuant to the same terms and conditions. Shares of the Series A Preferred Stock are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the ticker symbol "PDPA." Lucid Capital Markets, LLC ("Lucid"), B. Riley Securities, Inc. and Kingswood Capital Partners, LLC are acting as joint book-running managers and InspereX LLC and Janney Montgomery Scott LLC are acting as lead managers for the offering. The Company intends to use the proceeds from the offering to acquire investments in accordance with the investment objectives and strategies described in the prospectus supplement and for general working capital purposes. Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing. The preliminary prospectus, which has been filed with the Securities and Exchange Commission ("SEC"), contains this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus and this press release is not complete and may be changed. The preliminary prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted. A registration statement relating to these securities is on file with, but has not yet been declared effective by, the SEC. Copies of the preliminary prospectus (and the final prospectus, when available) may be obtained by writing to Lucid Capital Markets, LLC, 570 Lexington Avenue, New York, New York 10022, by calling Lucid toll-free at 646-362-0256 or by sending an e-mail to Lucid at prospectus@lucid.com . Copies also may be obtained on the SEC's website at www.sec.gov . Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency. About Pearl Diver Credit Company Inc. Pearl Diver Credit Company Inc. (NYSE: PDCC) is an externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by a large number of distinct US companies across several industry sectors. The Company is externally managed by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com . Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Investor Contact: Info@Pearldivercap.com UK: +44 (0)20 3967 8032 US: +1 617 872 0945 View original content to download multimedia: https://www.prnewswire.com/news-releases/pearl-diver-credit-company-inc-announces-offering-of-series-a-preferred-stock-302329464.html SOURCE Pearl Diver Credit Company Inc."Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.