Drugmaker Merck said on Monday it would stop the development of its two COVID-19 vaccines and focus pandemic research on treatments, with initial data on an experimental oral antiviral expected by the end of March.
Drugmaker Merck said on Monday it would stop the development of its two COVID-19 vaccines and focus pandemic research on treatments, with initial data on an experimental oral antiviral expected by the end of March.
Pod Group, the world's first IoT Enterprise Network Operator (ENO), today announced it has deployed the BroadForward Next Generation Signaling Transfer Point (STP) and Next Generation Diameter Signaling Controller (DSC) to enable advanced signaling control in its worldwide IoT services network. The converged signaling platform enables Pod Group to achieve fast deployment of customer specific IoT signaling scenarios across network technologies. The virtualized software solution enables operators to combine network functions on the same single engine platform with other BroadForward network products, such as the SS7 and Diameter Firewall, 5G SEPP and SCP.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors that purchased Infinity Q Diversified Alpha Fund (NASDAQ: IQDAX, IQDNX) shares between December 21, 2018 and February 22, 2021, inclusive (the "Class Period"). Investors have until April 27, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Renewable Energy Group, Inc. (NASDAQ: REGI) on behalf of Renewable Energy stockholders. Our investigation concerns whether Renewable Energy has violated the federal securities laws and/or engaged in other unlawful business practices.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Leidos Holdings, Inc. (NYSE: LDOS) on behalf of Leidos stockholders. Our investigation concerns whether Leidos has violated the federal securities laws and/or engaged in other unlawful business practices.
Today, TiMi Studios announced that it is joining the Playing for the Planet Alliance initiative, a collective effort by the game industry to decarbonise and integrate environmental activations into video games facilitated by the United Nations Environment Programme (UNEP).
Days after former “Bachelorette” Rachel Lindsay deleted her Instagram account due to online bullying, the producers of “The Bachelor” have released a statement in support of the star. The executive producers of the dating franchise are condemning all racist harassment of Lindsay, who they applaud for using her voice to educate the public. “As executive producers […]
The governors say allocating relief funds based on unemployment would 'punish' those that didn't fully lock down amid the pandemic.
(Bloomberg) -- Most Asian stocks rose Tuesday after a rally in the U.S., as investors shook off concerns about the impact of higher bond yields. Treasuries were steady.Gains in the region were subdued in comparison with the broad-based rally in the U.S. overnight. Stocks slipped in Japan and climbed in Australia. They surged in South Korea which reopened after a holiday. Hong Kong’s market was modestly higher as the compiler of the city’s benchmark unveiled its biggest revamp of the Hang Seng Index. U.S. equity futures fluctuated. The dollar ticked higher against most major peers.Oil retreated to trade just below $60 a barrel ahead of a key OPEC+ meeting this week that may return more supply to the market. After the close of regular trading, Zoom Video Communications Inc. rose as its revenue forecast topped Wall Street’s estimates.Investors piled back into risk assets following a selloff triggered by concern that massive stimulus as well as progress in battling the coronavirus have put some areas of the economy at risk of overheating. Traders are braced for how Federal Reserve officials slated to speak this week might respond to the recent tumult in bond markets.“There’s nothing wrong with longer term interest rates where they are; financial conditions broadly are still fairly easy,” said Julia Coronado, founder of MacroPolicy Perspectives LLC. “Given the stabilization we’ve seen since Thursday, the Fed can breathe a sigh of relief.”On the virus front, global cases rose for the first time in almost two months in the past week, the World Health Organization said, citing countries easing restrictions, people letting their guard down and variants spreading.Elsewhere, Bitcoin rallied after a volatile weekend session as Citigroup Inc. laid out a case for the digital asset to play a bigger role in the global financial system.There are some key events to watch this week:U.S. Federal Reserve Beige Book is due Wednesday.OPEC+ meeting on output Thursday.U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.These are some of the main moves in markets:StocksS&P 500 futures were little changed as of 10:31 a.m. in Tokyo. The S&P 500 Index surged 2.4%.Topix index was down 0.4%.Australia’s S&P/ASX 200 Index gained 0.4%.South Korea’s Kospi index rose 2.2%.Hong Kong’s Hang Seng Index rose 0.4%.Shanghai Composite Index rose 0.1%.CurrenciesThe yen traded at 106.90 per dollar, down 0.1%.The offshore yuan was at 6.4727 per dollar.The Bloomberg Dollar Spot Index rose 0.1%.The euro was at $1.2033, down 0.1%.BondsThe yield on 10-year Treasuries held at 1.42%.Australia’s 10-year bond yield was steady at 1.67%.CommoditiesWest Texas Intermediate crude declined 1.2% to $59.92 a barrel.Gold dipped 0.4% to $1,718.67 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Bachelor‘s executive producers condemned the actions of fans who harassed former The Bachelorette star Rachel Lindsay off Instagram following her interview with Chris Harrison. “Rachel has received an unimaginable amount of hate and has been subjected to sever online bullying, which, more often than not, has been rooted in racism,” the executive producers wrote […]
China and the United States should remove all barriers to travel between the two countries if the United States achieves herd immunity for COVID-19 with 90% of its population vaccinated, potentially by August, a Chinese epidemiologist has said. The United States is the worst-hit nation in the world by case count, with nearly 30 million infections so far, though new cases have been declining. China has COVID-19 largely under control, with relatively small clusters of new local infections in recent months.
Mark Gallogly, a Wall Street veteran and big-dollar Democratic donor, is joining John Kerry’s international climate team, people familiar with the matter tell Axios. Why it matters: Hiring someone with Gallogly’s experience is an indication Kerry plans to leverage markets and investing strategies to address climate change. Gallogly is the highest-profile New York investor to sign on to the Biden administration.Get market news worthy of your time with Axios Markets. Subscribe for free.The big picture: "We need to be working hand in hand with the private and public sector to provide the finance, which will be critical — finance in the trillions — in order so that countries can do what they have to do," Kerry, special envoy for climate change, told the Munich Security Conference.Gallogly will focus on outreach to the business community. His job doesn't require Senate confirmation.The State Department is still organizing Kerry's office and declined to confirm the hiring. "We hope to be able to share more details soon, once we have consulted with Congress,” a spokesperson said. Gallogly co-founded Centerbridge Partners, a private equity firm, after spending 16 years at Blackstone, a private equity firm.Since retiring in December, he has been focused on his family investment office, with an interest in climate solutions.During the Obama administration, Gallogly served on the Council on Jobs and Competitiveness and the President’s Economic Recovery Advisory Board.While other Biden officials, like Brian Deese, the director of National Economic Council, and Wally Adeyemo, nominee for deputy treasury secretary, both did stints at Blackrock, the world's largest asset management firm, they are more creatures of Washington than Wall Street.Gallogly made his mark, and his money, in finance.Go deeper: A longtime Democratic donor, Gallogly initially supported Beto O’Rourke for president but signed on to the Biden campaign last summer.He and his wife, Lise Strickler, were co-hosts for a June 18 virtual Biden fundraiser called “Climate Leaders for Biden.” They raised more than $4.4 million.“We have just nine years to prevent the worse consequences of climate change,” Biden said at the fundraiser. “To me, climate is personal. It’s urgent, it’s a top priority.”More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free
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The hotel chain also attacked CPAC members who acted with "hostility" when they were asked to wear masks, risking the health of other hotel guests and employees.
Donald Trump had to be talked out of making an early endorsement in Ohio's 2022 U.S. Senate race, a sign of his eagerness to reengage politically, people familiar with the conversations tell Axios.What we're hearing: The former president discussed endorsing former state GOP chair Jane Timken last week during a meeting at Mar-a-Lago with RNC Chairwoman Ronna McDaniel, but top advisers — including Donald Trump Jr. — urged him to wait.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free“It’s way too early to make endorsement decisions in many of the races, particularly when primaries are more than a year away," Trump adviser Jason Miller told Axios.Endorsements will come only after candidate establish their campaigns and are vetted by the Trump operation, including filling out a questionnaire that will "help ensure all endorsees are conservative America First Republicans," Miller said.Trump's endorsement, which is highly coveted by Republicans across the country, could be the deciding factor for the Ohio GOP, a state party that's veered away from traditional John Kasich conservatism toward a full-on embrace of Trumpism.Between the lines: During their meeting, Trump asked McDaniel what she thought about Timken, who recently resigned as state party chair. He also wondered whether McDaniel thought Timken is "loyal" to him, two sources familiar with their conversation said.McDaniel spoke positively about Timken and her chances of succeeding Sen. Rob Portman (R-Ohio), the sources said, despite it being against the RNC's bylaws for the chairwoman to get involved in primary campaigns. “Chairwoman McDaniel is good friends with Jane Timken and thinks highly of her. But, Chairwoman McDaniel did not make any recommendations on endorsements to President Trump and remains neutral in the primary,” RNC spokesperson Mike Reed said.Trump later spoke with Timken and discussed the race.Timken's name originally came up while Trump and McDaniel were discussing Bob Paduchik's run for chair of the Ohio GOP. The Trump-backed candidate was named to the position Friday.Later in the week, Trump huddled with his top political team, including Don Jr., former campaign managers Bill Stepien and Brad Parscale, former social media director Dan Scavino, former deputy campaign manager Justin Clark and Miller, as Politico first reported.While the team was discussing a number of races, the younger Trump said his father should not be endorsing in Ohio so early, one person familiar with the meeting told Axios.Don Jr. said there were too many unknowns in the race right now, and added there are multiple candidates who are running, or thinking about running, who are pro-Trump.Be smart: Donald Trump has already made several endorsements ahead of the 2022 elections, including Paduchik, Sen. Jerry Moran (R-Kan.) for reelection and his former White House press secretary Sarah Huckabee Sanders, a candidate for governor of Arkansas.Like this article? Get more from Axios and subscribe to Axios Markets for free.
(In Millions of Mexican Pesos) 2020 Fourth-Quarter Results and Full-Year Include: Stockholders’ Equity of $2,095.1 million.Financial Debt of 12.6 percent from Stockholders’ Equity.Corporative expenses-decrease of 44 percent year to year. MEXICO CITY, March 01, 2021 (GLOBE NEWSWIRE) -- Grupo TMM, S.A.B. (OTC: GTMAY and BMV: TMM A; “TMM” or the “Company”), a Mexican Maritime-management transportation and logistics Company, reported today its financial results for the fourth quarter and full year 2020. José F. Serrano, Chairman of Grupo TMM, said, “Although 2020 was a very complicated year for Mexico, and in particular for the maritime and logistics transportation and energy industries due to the slowdown in the economy and the drop in oil prices since 2019, as well as the ongoing adverse effects of the coronavirus pandemic, Grupo TMM has shown that thanks to its proven experience and adaptability through its strategies of technological transformation, cost optimization and clients diversification, it has the ability to reinvent itself by making the most of all its resources, strengths and financial position to reinforce the trust of its clients and its participation in the market.” “Grupo TMM is now a more dynamic and modern organization, ready to capitalize on opportunities and challenges, and participate in profitable projects and alliances with world-renowned companies. By providing integrated transport, logistics, storage and distribution services, the Company is always seeking sustainable growth and development.” FOURTH-QUARTER AND FULL-YEAR 2020 OPERATING AND FINANCIAL RESULTSThe following information with respect to 2019 includes the new accounting standard for leases under the International Financial Reporting Standards (IFRS-16) effective as of January 1, 2019. All monetary amounts are in millions of Mexican Pesos. Consolidated revenue for the fourth quarter of 2020 was $296.5 million, compared to $366.1 million in the same period of 2019. Consolidated revenue during full-year 2020 was $1,203.1 million compared to $1,475.7 million in the same period of 2019. Due to its client diversification strategy the Company significantly reduced the impact of the prolonged health contingency by COVID-19, as well as the slow recovery of the economy and the energy industry. Consolidated operating results during the full-year 2020 reported a loss of $316.3, of which $241.4 million was non-recurrent operations, representing 76 percent. Maritime revenue in the fourth quarter of 2020 was $197.5 million. Maritime revenue for the full-year 2020 was $751.2 million, mainly due to the disincorporation of the Tugboats business, the decrease in the number of calls in Bulk Carriers, and deferred works in the Shipyard segment; partially offset by an increase of operation in the Offshore segment and larger volume transported by Parcel Tankers. Maritime operating income in the fourth quarter of 2020 was $36.7 million, compared to $58.1 million during the same period in 2019. Full-year 2020 Maritime operating profit was $74.5 million, mainly due to the disincorporation of the Tugboats segment, as well as the performance in the Offshore segment and Shipyard, partially offset by a better margin in Parcel Tankers and Bulk Carriers Maritime EBITDA in the fourth quarter of 2020 was $46.5 million. For the full-year 2020, Maritime EBITDA was $116.3 million. Maritime accumulated EBITDA margin in 2020 was 15.5 percent. Ports and Terminals revenue in the fourth quarter of 2020 was $67.6 million. Ports and Terminals revenue for the full-year 2020 was $313.0 million, mainly due to the sharp drop of calls off cruise ships since mid-March because of the mobility restriction and border closure caused by the COVID-19 pandemic, as well as the interruption of gravel maneuvered in the Port of Tuxpan, partially offset by a gradual reopening of automotive plans. Ports and Terminals operating results in the fourth quarter of 2020 reported a loss of $9.5 million. During the full-year 2020, Ports and Terminals operating results reported a loss of $17.4 million, mainly due to the decrease of operation in API Acapulco, passenger’s mobility restrictions caused by the COVID-19 pandemic, and the drop in the export activity, as well as the performance in the Shipping Agencies segment due to the cancellation of calls of cruise, partially offset for a larger number of maneuvers in Intermodal Terminal and Automotive due to the gradual recovery in this sector. Ports and Terminals EBITDA in the fourth quarter was $0.4 million. During the full-year 2020, Ports and Terminals EBITDA was $20.6 million; accumulated EBITDA margin was 6.6 percent. Warehousing Services revenue in fourth quarter 2020 were $31.3 million. Full-year 2020 revenue for Warehousing Services was $138.8 million. DEBTAs of December 31, 2020, Grupo TMM net debt was $39.7 million. It should be noted that at the end of the fourth quarter of 2020, Short-Term Debt was $129.1 million and cash position was $143.0 million. Total Debt* – Millions of Mexican Pesos – As of 12/31/20As of 12/31/19Short-Term Debt$129.1$139.2Long-Term Debt 53.6 118.7Total Debt $182.7$257.9Cash 143.0 512.8Net Debt$39.7$0.00 Short-Term Leases$29.3$60.6Long-Term Leases 131.5 526.8Leases IFRS 16$160.8$587.4 Stockholders’ Equity$2,247.6$2,422.8Book value per share$22.0$23.71 *Book Value Headquartered in Mexico City, Grupo TMM is a Mexican Maritime-management transportation and logistics Company. Through its branch offices and network of subsidiary companies, Grupo TMM provides a dynamic combination of Maritime services port management and logistics. For more information on Grupo TMM, please visit the company’s web site at www.grupotmm.com. The site offers Spanish/English language options. Included in this press release are certain forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; risks associated with the Company's reorganization and restructuring; the ability of the Company to reduce corporate overhead costs; the ability of management to manage growth and successfully compete in new businesses; and the ability of the Company to restructure or refinance its indebtedness. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission. Financial tables follow Grupo TMM, S.A.B. and SubsidiariesBalance Sheet* - Millions of Pesos - December 31, December 31, 2020 2019 Current assets: Cash and cash equivalents Cash in cash and banks 50.1 127.9 Cash and temporary investments 53.1 342.7 Restricted cash 39.7 42.2 Total cash and cash equivalents 143.0 512.8 Accounts receivable Accounts receivable – Net 228.4 507.4 Other accounts receivable 60.7 115.8 Taxes to be recovered 200.5 306.0 Prepaid expenses and others current assets 86.4 83.7 Total current assets 718.9 1,525.6 Taxes to be recovered long term238.0 - Property, machinery and equipment 2,894.8 2,629.3 Cumulative Depreciation (366.1) (345.8)Property, machinery and equipment – Net 2,528.7 2,283.5 Rights of use 161.7 560.1 Other assets 187.5 194.6 Total assets 3,834.8 4,563.8 Current liabilities: Bank loans and current maturities of long-term liabilities 129.1 139.2 Leases short-term 29.3 60.6 Suppliers 229.1 262.2 Other accounts payable and accrued expenses 526.1 587.1 Total current liabilities 913.5 1,049.0 Long-term liabilities: Bank loans 53.6 118.7 Leases long-term 131.5 526.8 Deferred taxes 311.5 248.2 Other long-term liabilities 177.0 198.2 Total long-term liabilities673.7 1,092.0 Total liabilities1,587.2 2,141.0 Total stockholders´ equity 2,247.6 2,422.8 Total liabilities and stockholders´ equity 3,834.8 4,563.8 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Grupo TMM, S.A.B. and Subsidiaries*Statement of Income - Millions of Pesos - Three months ended Year ended December 31, December 31, 20202019 20202019 Maritime 197.5 213.0 751.2 868.5 Ports and Terminals 67.6 113.7 313.0 435.3 Warehousing Services 31.3 39.4 138.8 171.9 Revenue from freight and services 296.5 366.1 1,203.1 1,475.7 Maritime (151.1) (133.2) (634.9) (652.2)Ports and Terminals (67.2) (78.0) (292.4) (355.3)Warehousing Services (33.1) (0.8) (124.5) (132.8)Cost of freight and services(251.3) (212.1) (1,051.9) (1,140.2)Maritime (9.8) (21.7) (41.8) (66.3)Ports and Terminals (9.9) (18.9) (38.0) (34.7)Warehousing Services (2.9) (40.7) (34.1) (41.5)Depreciation and amortization (22.5) (81.4) (113.8) (142.5)Maritime 36.7 58.1 74.5 150.0 Ports and Terminals (9.5) 16.7 (17.4) 45.4 Warehousing Services (4.6) (2.1) (19.8) (2.4)Results by business 22.6 72.7 37.3 193.0 Corporate expenses (16.7) (43.8) (96.3) (173.7)Corporate depreciation and amortization (1.9) (10.1) (16.0) (40.4)Non-recurring (expenses) income (59.9) 198.8 (241.4) 233.9 Operating (loss) gain (55.9) 217.5 (316.3) 212.8 Financial (expenses) income - Net (8.1) (15.0) (35.0) (71.6)Leases financial expenses (4.6) (28.9) (26.6) (70.2)Exchange gain (loss) - Net 29.2 18.1 (25.1) 24.9 Net financial cost16.5 (25.7) (86.6)(116.9)(loss) gain before taxes(39.4)191.8 (403.0)95.9 Provision for taxes(35.9)(62.5) - (64.6)Net (loss) gain for the period(75.3)129.3 (403.0)31.3 Attributable to: Minority interest(0.1)0.9 (5.0)(0.8)Equity holders of GTMM, S.A.B. (75.2) 128.4 (398.0) 32.1 Weighted average outstanding shares (millions)102.183 102.183 102.183 102.183 Income (loss) earnings per share (pesos/share) (0.7) 1.3 (3.9) 0.3 Outstanding shares at end of period (millions)102.183 102.183 102.183 102.183 Income (loss) earnings per share (pesos/share) (0.7) 1.3 (3.9) 0.3 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Grupo TMM, S.A.B. and subsidiaries*Statement of Cash Flow- Millions of Pesos - Three months ended Year ended December 31, December 31, 20202019 20202019 Cash flow from operation activities: Net (loss) gain for the period(75.3)129.3 (403.0)31.3 Charges (credits) to income not affecting resources: Depreciation & amortization24.7 91.5 131.1 182.9 Deferred taxes33.5 (35.1) (31.1)(35.1)Other non-cash items34.2 (214.9) 195.9 (200.8)Total non-cash items92.4 (158.5) 296.0 (53.0)Changes in assets & liabilities39.0 (28.5) (82.5)(18.3)Total adjustments131.4 (187.0) 213.5 (71.3)Net cash provided by (used in) operating activities56.1 (57.7) (189.5)(40.0) Cash flow from investing activities: Proceeds from sales of assets0.8 546.5 7.7 672.7 Payments for purchases of assets(3.6)(29.5) (24.9)(98.7)Net cash (used in) provided by investment activities(2.9)517.0 (17.2)573.9 Cash flow provided by financing activities: Short-term borrowings (net)(6.0)(63.0) (35.2)(107.3)Repayment of leases(12.7)(87.7) (83.0)(134.2)Proceeds from (repayment of) long-term debt(65.2)(61.9) (79.8)(88.4)Net cash used in financing activities(83.9)(212.6) (198.0)(329.9)Exchange effect on cash(14.8)(8.6) 34.9 (9.4) Net decrease in cash(45.5)238.0 (369.8)194.6 Cash at beginning of period188.5 274.8 512.8 318.2 Cash at end of period143.0 512.8 143.0 512.8 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. TMM COMPANY CONTACT:AT DRESNER CORPORATE SERVICES:Luis Rodolfo Capitanachi Dagdug, CFO Nathan Abler (investors, analysts, media)011-52-55-5629-8866714-742-4180Luis.Capitanachi@tmm.com.mx firstname.lastname@example.org Mauricio Monterrubio, Investor Relations 011-52-55-5629-8866 email@example.com
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Former Trump campaign manager Brad Parscale has founded a new super PAC and sister advocacy group, public records show.Why it matters: The groups will allow Parscale himself to back candidates aligned with Donald Trump ahead of the 2022 midterms. They could also be used to deploy his new political data firm and harvest vital voter information for other clients.Get market news worthy of your time with Axios Markets. Subscribe for free.Parscale's formations of American Greatness PAC and the nonprofit American Greatness Fund coincide with his return to Trump's inner circle as the former president plots his future political strategy.What's new: Parscale incorporated the American Greatness Fund in Delaware on Feb. 24, according to documents filed with the state.American Greatness PAC had filed a statement of organization with the Federal Election Commission about two weeks earlier.Neither appears to be active yet. Parscale previewed the PAC last month, tweeting a video with pro-Trump messaging that ended with the committee's logo.Between the lines: It's not clear how involved Trump or his political team is with the new entities.A Trump spokesperson referred questions about American Greatness to Parscale, who did not respond to multiple inquiries.When the American Greatness Fund's website went live early last month, the image file bearing the group's logo was titled "Office of 45 Logo Image."The file name was changed after Axios began inquiring about the group.The big picture: Parscale's new groups were formed as Trump games out his political plans.His inner circle huddled at Mar-a-Lago last week, Politico reported.Another former Trump campaign manager, Corey Lewandowski, has been tapped to lead a new super PAC aligned with the former president's political priorities.Parscale, whose relationship with Trump has improved since he publicly criticized the former president in December, also attended the meeting. It's not clear whether his American Greatness groups are components of any future Trump efforts.Like this article? Get more from Axios and subscribe to Axios Markets for free.
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NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Haymaker Acquisition Corp. III (the "Company") today announced the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the NASDAQ Capital Market (“NASDAQ”) and trade under the ticker symbol “HYACU” beginning on March 2, 2021. Each unit consists of one share of Class A common stock and one-fourth of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NASDAQ under the symbols "HYAC" and "HYACW," respectively. The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to acquire and operate a business in the consumer and consumer-related products and services industries. The Company is led by Chief Executive Officer and Executive Chairman Steven J. Heyer, President Andrew R. Heyer, and Chief Financial Officer Christopher Bradley. Citigroup and Cantor Fitzgerald & Co. are acting as bookrunners and representatives of the underwriters of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Citigroup, Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146; or from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email: firstname.lastname@example.org. A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on March 1, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact HaymakerIII@icrinc.com
Jill Biden will travel to Connecticut and Pennsylvania on Wednesday with newly confirmed Education Secretary Miguel Cardona, a testament to a first lady well on the move.Why it matters: Biden already is the only first lady to hold a full-time job. She also has a portfolio focused on education, cancer and veterans' issues. Now, she’s built a robust staff in the East Wing and is planning a busy travel schedule of her own.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeBiden will visit schools reopening under her husband's first-100-days pledge, reviewing practices and taking note of what does and doesn't work, a source familiar with her plans tells Axios.She'll lay the foundation Wednesday when she visits Waterford, Pennsylvania, and Meriden, Connecticut — Cardona's hometown, and where he spent two decades as a public educator.Her focus will be an extension of her strategy during the general election campaign, when she launched a multi-state educational tour to review school safety practices.Managing two full-time titles is nothing new for Biden, who continued teaching the eight years she was second lady. Her work now comes with a much bigger spotlight as wife of the president of the United States.Biden has been candid about her role as a political spouse, noting it hasn't come naturally to her.She set the stage for her tenure as first lady as one of her husband's most forceful campaign surrogates, offering personal testimony about his character. Independent and fiercely protective, the self-proclaimed “Philly girl” even pushed away hecklers several times as they tried to interrupt then-candidate Joe Biden on the trail.The first lady worked quickly to fill out the East Wing, bringing on seven commissioned staffers, including a chief of staff, speechwriter and policy director.Her eagerness to travel and promote her agenda is a change from Melania Trump, who didn't move to Washington until a few months after the inauguration because of her son's schooling and who had relatively few public appearances afterward.It also contrasts with Michelle Obama and Laura Bush, who ratcheted up their activities as their school-age daughters aged.Biden made her first solo trip last week, when she visited VCU Health's Massey Cancer Center in Richmond, Virginia. She advocated for cancer research, another of her major priorities as first lady.She also accompanied her husband to Houston last week to survey storm damage and help fill food pantry orders.When the couple returned to Washington amid pouring rain, the president stopped to speak with a commander at Joint Base Andrews. His wife's penchant for setting her own agenda became evident."Dr. Biden seemed to think they'd been out there long enough. She and the umbrella headed to the limo," pool reporter Todd J. Gillman wrote.Like this article? Get more from Axios and subscribe to Axios Markets for free.