Free enterprise – Freedominst Mon, 27 Jun 2022 12:46:15 +0000 en-US hourly 1 Free enterprise – Freedominst 32 32 Bruised biotech investors focus on companies with more advanced products Mon, 27 Jun 2022 12:37:00 +0000

Pharmaceutical tablets and capsules are laid out in the shape of a US dollar sign on a table in this illustration, August 20, 2014. REUTERS/Srdjan Zivulovic/File Photo

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June 27 (Reuters) – Biotech investors suffering losses from falling stock prices are now focusing on companies that are closer to bringing their drugs to market, rather than those in the early stages of development.

This waning appetite for risk, six industry insiders told Reuters, follows a year of successful funding in a sector that has been rocked by falling valuations and a lack of big deals, usually a key attraction for investors. small and mid-cap biotechnology.

Interest in biotech companies seeking to go public is now mostly focused on those whose drug candidates are already in clinical trials, fund managers, analysts and industry sources said. biotechnology.

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“Investors are becoming much more selective and it’s a very tough time for biotech to go public,” said Avery Spear, principal data analyst at initial public offering (IPO) research firm Renaissance Capital.

Only five of the 102 biotech companies listed last year in the United States are now trading above their opening price.

Meanwhile, in the private market, seed funding is flowing to companies whose lead investigational drugs have made it to human testing, said Jonathan Norris, managing director of the Silicon Valley healthcare practice. Bank.

Norris expects public investors to be risk averse until at least the end of 2022, and possibly until the middle of next year.

A record year 2021 for biotech funding has helped a number of companies, even those without clinical candidates, go public at skyrocketing valuations.

“Small- and mid-cap biotechnology were coming in at incredibly high valuations and so people involved in those were burned by them,” said Lee Brown, global head of healthcare for investment research firm Third Bridge. .

Last year, there were a record 152 biotech IPOs globally, with companies raising more than $25 billion in total, according to Refinitiv data.

As of June 10, 23 biotechs had gone public worldwide in 2022, raising $2.3 billion, compared to 68 in the same period last year.

The Nasdaq Biotechnology Index (.NBI) is down 18.6% for the year and nearly a third of the stocks that make up the biotech index are trading at negative enterprise value, according to data from Refinitiv .

This means that the value of their equity and debt, which together make up their enterprise value, together are less than the cash they hold, a sign of pessimism about their prospects.

This follows a lack of major healthcare deals, as well as regulatory scrutiny, including a greater antitrust focus on pharma mergers and acquisitions as a way to curb rising drug prices. . (

“M&A activity is what motivates people to get involved in small- and mid-cap biotech because they’re hoping for a lottery ticket,” Brown said.

A lack of funding forces many small drug developers with multiple candidates to narrow down or prioritize the candidates they develop.

Analyst Zegbeh Jallah, in a May 27 report from Roth Capital, cited a growing tendency to fund only low-risk programs and those that are more likely to drive valuations higher in the short term.

In May, bacterial therapy developer BiomX (PHGE.A) announced it was cutting its workforce by 50% to further expand capital resources for its clinical trial “in light of the challenges facing our industry.” .

Genocea Biosciences, meanwhile, ceased operations and delisted from the Nasdaq in early June, about a month after an unsuccessful search for a buyer for all or part of the cancer immunotherapy developer.

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Reporting by Leroy Leo and Mrinalika Roy in Bengaluru; Editing by Arun Koyyur

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Chico reacts to the knockdown of Roe v. Wade – Chico Enterprise-Record Sat, 25 Jun 2022 11:38:52 +0000

CHICO – Chico, along with the rest of the world, has learned that nearly 50 years after the landmark Roe v. Wade, the Supreme Court decided to overturn the court case that made abortion a constitutional right.

The ruling notes transfers of rights for people to choose an abortion to the power of individual states, putting the possibility of abortion restrictions on the table. Many residents expressed their opinion on Friday.

Demonstration on the square

In 100-degree heat, more than 250 protesters joined the Chico Women’s March to march around the town square, circling three times before parking through Chico’s council chambers.

Francine Gair, who said she moved to California in 1967, five years before the courts declared abortions constitutional. On Friday, she joined the protest.

Protesters march around City Plaza with a women’s march Friday, June 24, 2022 in Chico, California. (Kimberly Morale/Enterprise-Record)

“I just feel like we’re stepping back,” Gair said. “I’m 76, and I’ve been through a lot of upheaval, and I feel like we’re just taking huge steps backwards.”

Luna Retzer held her sign in the middle of the square.

“I didn’t think this would happen when the draft was released, but I’m not surprised,” Retzer said. “I’m pissed. I don’t think anyone should have an opinion on what I’m doing with my body and my doctor, but I don’t think we understand the seriousness of what they’re doing, and we don’t care. to be able to embark on a slippery slope.

As the protest continued, people took turns sharing their experiences and opinions into a microphone.

Educators Respond

Chico State Associate Public Health Professor Lindsay Briggs says abortion looms large in other issues in the country other than women’s rights.

“Trans and non-binary people have abortions. Men who support a person’s right to bodily autonomy help and support people seeking abortions,” Briggs said. “Abortion is often the very last act of empowerment for someone who has been shunned by so many other systems.”

Abortion represents the last chance for people who had limited access to quality sex education, live in poverty and see health inequities, to make a deeply personal decision for their own lives, Briggs said.

“And now, again, that’s being taken away,” Briggs said. “If people can’t decide what’s best for their own lives and circumstances, how can we claim to be the land of the free? There is no freedom from being compelled by the government to be forced into having an unwanted pregnancy for any reason.

Chico State political science lecturer John Crosby said the reversal is an overreach and attack on privacy rights that will impact how voters get to the polls.

“At the local and state level in California, this decision will effectively eliminate the Republican Party from any state office,” Crosby said. “Some outliers in rural areas may survive, but Republicans are done with it. How this will affect national politics will actually be decided in November. Hopefully, this decision will lead to more young people understanding the impact of politics on their life and make them more active.

Planned parenthood

Planned Parenthood Northern California CEO Gilda Gonzalez said the decision leaves the nonprofit appalled, but not defeated.

“We will continue to ensure that abortion services are available for anyone coming from California or other states,” Gonzalez said. “We believe in the fundamental right of everyone to make their own personal decisions regarding their fertility, future and family. This worst-case scenario will not stop us.

Statements by politicians

On Friday, news of the repeal sparked a flurry of backlash from local and state officials.

“Today’s Supreme Court decision to repeal Roe is a victory for the right to life, for the unborn child, and for the constitution,” said Congressman Doug LaMalfa (R-Richvale) “It nearly 50 years ago, a partisan court created the right to abort a child Out of nowhere. States. In our representative republic, it is the people’s elected officials who should make the laws and balance the trade-offs, not the judges.”

Challenger for the LaMalfa seat, Max Steiner (D-Chico) said the decision is a disaster.

“It’s a disaster for women who will be forced to turn to dangerous and illegal providers. It is also a disaster for the Court, which has swept away 250 years of legitimacy and given itself a new and dangerous role as an openly partisan branch of government. It is now up to the elected branches of government, Congress and the presidency, to protect the constitutional rights of all Americans. »

US Senator Alex Padilla (D-California) denounced the decision in a statement to the media, saying abortion is a basic right.

“This draconian decision will deprive millions of Americans of the fundamental freedom to make decisions for their own bodies. It also jeopardizes other fundamental civil rights,” Padilla said.

“I refuse to accept a reality in which women across the country are denied the right to make their own decisions about their reproductive health,” he said.

Marcus John combines love of fashion to help individuals find healing Wed, 22 Jun 2022 18:30:55 +0000

Back to Healing (BTH), a 501(c)(3) nonprofit organization that helps improve the quality of life for people affected by scoliosis, recently partnered with Medtronic (a global technology leader, medical services and solutions). The collaboration will provide free implants, surgical instruments and materials to underprivileged children living with severe scoliosis in Brazil.

BLACK CORPORATE speak with Marcus John, the founder and executive director of Back to Healing. John spoke about the mission of his nonprofit, the recent partnership with Medtronic, and how he runs his organization while working in the fashion industry.

You started a non-profit organization to improve the quality of life for people affected by scoliosis. Why and what is the mission of Back to Healing?

Growing up, I was always taught to lend a helping hand to people in need wherever I could. Whether financially, mentally, emotionally, creatively, or in this case, all of the above – even if I am unable to relate to a single experience. My professional background is in the fashion and art industries as a creative director, producer and wardrobe stylist. My job is to come up with unique and intriguing concepts for brands, publications and musicians. Whether for their marketing and branding campaigns, their lookbooks, their editorials, their parades, their clips, their exhibitions, etc. Personally, I’ve always had a passion for strong storytelling and powerful visual stories.

After having a friend suffer from a severe S-shaped spinal curvature while growing up, I witnessed firsthand the daily struggles of what it’s like to live with scoliosis; seeing with empathy the drastic physical and mental effects. I knew I wanted to be a positive inspiration to my friend and the many people with this condition by making each and every one of them feel beautiful in its purest form – where the definition of strength and true beauty is not hampered by society. superficial projections. I want the world to realize that beauty is not just superficial. At Back to Healing (BTH), our mission is to improve the quality of life for those affected by scoliosis through mental health awareness, empowerment, education and advocacy.

You also worked in the fashion industry for a while. How have you been able to stay in the fashion world while helping people heal?

I strategically founded my non-profit organization, BTH, to own and operate on a few key things that I care about and care about the most – mental health awareness, advocacy, empowerment, art, fashion, education and strong storytelling. I know it may sound cliché, but when I design BTH’s programming and projects alongside my team, it doesn’t feel like I’m “working.” It’s a bit like running a creative agency with a deep purpose.

Ironically, I can still work with many fashion brands such as Lulu Lemon, Alex and Ani, Jimmy Choo and Michael Kors, but in a totally different way. For example, I co-designed an exclusive three-piece capsule collection with Alex and Ani, in which all items sold out online and in-store. We also created a mini yoga and wellness retreat in New York a few years ago sponsored by Lulu Lemon, where everyone in our class lived with a spinal deformity taught by a certified yoga instructor. who also had scoliosis.

Back to Healing recently partnered with Medtronic. Explain what the collaboration is and the expectations of the partnership?

In the United States and the developed world, early detection, observation, and treatment most often prevent spinal deformities such as scoliosis from progressing to severity. In many underserved countries, however, there is a lack of awareness and care for these conditions and as a result they are allowed to progress unchecked until they become extreme and dangerous. Large spinal curvatures can not only lead to significant aesthetic deformity and poor posture, but can also compromise lung, heart, and spinal cord function, as well as mental health.

With an elite group of doctors, medical volunteers and psychologists passionate about helping communities in need, BTH, in partnership with Medtronic, will carry out missions in Africa, South America and the Caribbean. During these week-long mission trips, BTH provides free medical, mental health, and surgical care to up to 10 patients with severe scoliosis. Medical implants, instruments and equipment will be provided by Medtronic. The BTH mission trips will be dedicated to improving the overall health care of patients with scoliosis while providing training experience and education to local surgeons at each hospital. Not only will patients benefit directly, but our team will create a sustainable program by training and empowering local surgeons to be able to operate safely without us even after we are gone.

A huge measure of success will be getting all of the positive results from the severe scoliosis cases that our team will operate on, coupled with a wonderful follow-up.

There is a proponent of mental health associated with scoliosis. How will Back to Healing treat the complications that come with scoliosis?

Before answering this question, I would like to highlight a few types of mental health issues that surround this condition. Various explanations exist for why there is a link between scoliosis and reduced quality of life. Noticeable curvatures of the back, shoulders, and hips while sitting at different heights can lead to low self-esteem and a negative perception of self-image. Additionally, wearing a brace in grade school when you already have to deal with the normal pressures of growing up as a teenager and/or have a permanent curvature or scar on your back after surgery can also compromising psychological integrity – for both teens and teens. adults. The truth is, many people just don’t want to be seen let alone engage in any type of sport, dance, or occasion that exposes their spine.

By understanding the juxtaposition of spinal deformities and mental health, BTH strategically creates projects, programs and campaigns that empower and educate those affected by scoliosis to help break the stigma within our society. Our organization’s holistic approach to scoliosis has shown that this condition is not limited to curves and its degrees, as 96% of participants in our BTH campaign felt empowered through their participation in our mental health programs. Participants also felt they had been given a voice and expressed the development of a new self-love and a better appreciation of their own body image.

Representation, diversity and inclusion are extremely important to us, and studies have shown that finding similarities in other people helps us live happier and healthier lives, and these are exactly the issues that our exposures BTH Empowerment Photo x Art Exhibitions address. As research indicates, art heals, and through the power of art therapy and performance, our carefully designed projects inspire, educate, and help those affected by scoliosis cope with and recover from scoliosis. ‘a trauma.

What do you foresee in terms of future expansion for Back to Healing? What would you like to see happen?

At BTH, we have big plans. From running annual mission trips for inner city kids in the Caribbean, Africa and South America to provide free surgical and mental health care, to launching celebrity empowerment, research and patient education summits, to continue to highlight and celebrate more diverse stories globally through our photo and empowerment art exhibits, to the implementation of a new back-to-school program that provides free dental checkups and braces in conjunction with some of the world’s leading surgeons and medical device companies, and more. We strive to be the premier patient organization specializing in all things scoliosis, from education to empowerment, mental health awareness, advocacy and spine art.

]]> How the massive EV transition is starting in the car rental industry Sat, 18 Jun 2022 14:23:00 +0000

Tesla Model 3 electric vehicles at a Hertz airport.

Photo by E. R. Davidson

Shortly after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic brought the entire car rental industry to a standstill, the Estero, Florida-based company has boldly announced a $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by the end of 2022. Just like that, the race was on within the industry to switch to vehicles electric internal combustion engine (ICE) models.

While Hertz was the first to start, its two biggest rivals, Enterprise Holdings and Avis Budget Group, have since joined. But just as the large-scale adoption of electric vehicles by American drivers is going to take years, the rental car shift also will be a marathon, not a sprint. “Companies that operate fleets our size can’t just turn a penny and next year go all-electric,” said Sharky Laguana, president of the American Car Rental Association. “Our industry wants to move as fast as it can, but there are serious and difficult constraints.”

The first, Laguana said, “is just getting your hands on those damn things.”

The $56 billion U.S. rental industry typically buys around a tenth of automakers’ new cars each year, but with ongoing supply chain disruptions, particularly chip shortages essential IT, the numbers are down. The industry bought 2.1 million vehicles from OEMs in 2019, Laguana said, compared to just about 750,000 in 2021. Sales of electric vehicles in the United States doubled in 2021, but still represent only about 4% of the country’s total market for cars and trucks.

Another major obstacle for car rental companies is the scarcity of electric vehicle charging stations, at airports and other rental locations, hotels, resorts and office buildings, and along roads. local and interstate highways. And then there’s the challenge of educating and training company agents and mechanics on electric vehicles, not to mention familiarizing drivers with the differences with using ICE vehicles.

Hertz doesn’t report the total number of vehicles in its fleet, said Jeff Nieman, senior vice president, operational initiatives, so it’s unclear how many Teslas are available in the more than 30 markets currently offering electric vehicles, which now also include the first of 65,000 Polestar 2s – an electric vehicle brand jointly owned by Volvo and its Chinese parent company Gheely that has planned to go public via a SPAC deal – Hertz has started buying under a deal to five years announced in April. Nieman, however, said he was confident electric vehicles would make up “more than 30% of our fleet by the end of 2024”.

In the meantime, Hertz has several hundred thousand ICE models in the United States that will be leased for years to come, said Deutsche Bank analyst Chris Woronka. Even so, “they have decided to carry the torch of electric vehicles for the industry and be very upfront about their plans and their goals,” he said.

Look no further than Hertz’s series of TV spots, featuring NFL superstar Tom Brady touting Tesla rentals, which aired during this year’s Super Bowl. Hertz has also created a dedicated area on its website to help educate drivers about electric vehicles.

Rent electric vehicles from companies focused on ESG and carbon neutrality

A primary target for Hertz, according to Woronka, is the enterprise market. “The leisure customer might think it’s cool to drive an electric car, but the longest game is on the business side,” he said.

Beyond comparing the costs of employees driving EVs versus ICE cars — currently skewed by the national average of about $5 for a gallon of regular gasoline — companies see EVs as a quantifiable way to reduce their greenhouse gas (GHG) emissions, achieve net zero goals, and build their environmental, social and governance (ESG) authenticity with sustainability investors and advocacy groups.

“Initial research showed that corporate accounts would be willing to pay a premium for electric vehicles,” Woronka said, “because it helps them meet some of their ESG goals.”

Unsurprisingly, rental companies themselves are embracing this concept, said Sara Forni, director of clean vehicles for the nonprofit Corporate Electric Vehicle Alliance (CEVA). While they “certainly want to have more butts in EV seats,” she said, “they also want to meet their sustainability goals and their greenhouse gas emission reduction goals.”

Siemens US, a subsidiary of the Germany-based conglomerate, is a flagship member of CEVA and was part of the launch of the Hertz EV program last fall. “We fully support our global decarbonization and ESG goals,” said Randall Achterberg, Head of North America Travel Products, “and our fleet has the largest Scope 1 emissions footprint and we are already making progress with a strategy aggressive transition to electric vehicles”, referring to GHGs produced by Siemens’ U.S. fleet of nearly 10,000 vehicles. “On the business travel side, we want to expand the use of electric vehicles by our employees.”

To date, Siemens has booked more than 100 electric vehicle rentals with Hertz. “We’re not pushing as hard as we’d like because they’re not ready,” Achterberg said, acknowledging the obstacles inherent in his EV rollout. Siemens is alleviating a stumbling block: It’s building electric vehicle charging stations and has pledged to manufacture one million in the United States over the next three years.

Enterprise’s First Orlando Electric Car Rental Experience

Enterprise may not be as forward-thinking as Hertz with its electric vehicle leasing program, but the privately owned, St. Louis-headquartered company has been in the exploratory phase since 2014. That’s the year where she began participating in the Drive Electric Orlando rental pilot. , a multi-year study sponsored by the Electrification Coalition, a Washington, D.C.-based nonprofit that advocates for electric vehicle adoption, particularly among fleet owners.

The pilot project, partly funded by the US Department of Energy, focused on Orlando International Airport and also included resorts and theme parks in the area. “We also had close partnerships with local regulators and policymakers, which was key to making sure we were doing this the right way,” said Chris Haffenreffer, assistant vice president of innovation at Enterprise. The company rented all-electric cars, including Chevy Volts and Nissan Leafs, to travelers, who were enticed by perks like free charging, parking and valet parking.

“Even if electric vehicles were [then] an afterthought in our business, the lessons learned are consistent with what we see today,” Haffenreffer said. invest in charging infrastructure.

Although rental companies have said they are building their own charging stations, another key partner is the US government, which in last year’s bipartisan infrastructure bill allocated $7.5 billion dollars to the States to create a network of charging stations for electric vehicles. Earlier this month, the Biden administration proposed regulations that would require stations built on highways with federal dollars to be no more than 50 miles apart.

Enterprise, like Hertz, is focused on its commercial rental fleets and fleet management division, where business customers will appreciate lower maintenance and operating costs. “It’s about being a trusted advisor to these customers, helping them understand how an EV works and the benefits,” Haffenreffer said. But like leisure travel renters, figuring out how to get from point A to point B and how to charge the car is increasingly difficult, Haffenreffer said.

Avis, based in Parsippany, New Jersey, saw its shares soar in early November after announcing it was getting into the electric vehicle rental business a week after the Hertz-Tesla deal broke down. and although it has come down with the broader market, CEO Joe Ferraro told analysts on a conference call at the time: “You’ll see us going forward being much more active in electric scenarios at as the situation evolves.”

Avis has been quiet since then and declined to comment for this article. But Woronka said, “I take them at their word.” He cited the car rental company’s large corporate fleet exposure as the reason. “They’re just not ready to pull the curtain on what they’re doing yet,” he said.

US automakers are spending billions to ramp up production of electric vehicles. General Motors aims to deliver 400,000 electric vehicles in North America by the end of 2023, and Ford has pledged to deliver 600,000 by the same date. Considering that renting an electric vehicle is essentially an extended test drive, the rental market is seen as an important driver in President Joe Biden’s plan to have half of all new cars and trucks sold in 2030 be vehicles. zero-emission vehicles.

“From our perspective, the rental car market makes a lot of sense, especially as OEMs move into longer-range electric vehicles,” said Ben Prochazka, executive director of the Coalition for electrification. “What a great way to expose consumers to new technologies in a low-risk environment.”

Enterprise Systems Integrators Market Outlook 2022 and Forecast to 2029 Thu, 16 Jun 2022 06:00:18 +0000

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Yamaha continues commitment to barrier-free meetings with expanded Microsoft Teams interoperability Tue, 14 Jun 2022 07:00:00 +0000

HAMAMATSU, Japan–(BUSINESS WIRE)–Yamaha continues to break down barriers for easy-to-install, clear, and high-quality Microsoft Teams meetings with the latest certification of its ADECIA tabletop solution. Part of the ADECIA family of complete, customizable conferencing solutions, the tabletop solution meets mid-size room standards for natural, clear sound that defines the Teams experience.

“The future of education and professional communications demands easy-to-install conferencing solutions that deliver pristine audio quality,” said Nobuo Ikematsu, senior general manager of Yamaha’s information and communications division. “ADECIA Tabletop Solution’s RM-TT microphone meets all these standards. And as a device certified for Microsoft Teams, organizations can confidently select it as part of the Microsoft Teams experience.

The Yamaha RM-TT Wired Tabletop Array Microphone is one of many stand-alone microphone options also available from ADECIA, a complete family of easy-to-install products designed to work together seamlessly to provide customizable communication solutions for meetings or learning spaces. The ADECIA tabletop solution, like the ADECIA ceiling system, integrates the RM-CR remote conference processor, the VXL1-16P Dante/PoE-enabled line array speaker and the long-standing Yamaha SWR2311P-10G PoE network switch, offering comfortable and effortless remote control. conference experience.

The RM-TT’s low-profile form factor packs all of Yamaha’s powerful sound technologies, including Auto Voice Tracking, Auto Gain Control, Adaptive Echo Cancellation, Noise Reduction and Noise Cancellation. reverberation for optimal collaboration experiences. When the RM-CR processor and RM-TT table microphones are combined, the unique voice tracking feature automatically selects the microphone closest to the person speaking for optimal voice pickup. For example, a meeting participant who moves from the conference table to a whiteboard or interactive display in the room can ensure that their voice will be captured and transmitted to the other end in crisp, clear quality. In a classroom, microphones can be set up around the room to capture each student as well as the teacher who can present lessons from different subject areas or check individual progress or questions. The innovative technology also allows installers to dictate the directional mode of each microphone module for custom room capture. Available mic options include unidirectional, super-cardioid, hyper-cardioid, omnidirectional, bidirectional, and toroidal.

The complete ADECIA solution automatically detects all system components and configures them to be optimized for the room environment, taking into account speaker and microphone placement, reverb and echo behavior . Setting up a room is done via the system configurator in four simple steps. With USB, Bluetooth®Dante and analog connections, this flexible system can adapt to a variety of corporate or meeting spaces and classrooms.

“In a world of hybrid meetings, meeting room audio quality is key to creating equity between people inside the meeting room and remotely.” said Albert Kooiman, senior director, Microsoft Teams Devices Partner Engineering and Certification at Microsoft Corp. the Teams experience.

More information on the full Yamaha Unified Communications product range can be found at (UK) (US)

About Yamaha Corporation

Since its founding in 1887, Yamaha Corporation (TOKYO: 7951) has developed its business activities focusing on musical instruments, audio products, Yamaha music schools, semiconductors and other products and services related to the sound and music. With unique expertise and sensitivity, gained through our dedication to sound and music, Yamaha is committed to creating excitement and cultural inspiration with people around the world. With 16 years of experience in the Japanese market, Yamaha’s dedicated Unified Communications department focuses on solutions that improve communication and help organizations achieve their business goals.

Product and company names and logos appearing in this press release are the trademarks of their respective owners.

]]> BC Liberals Approve Party Name Change Review Process Sat, 11 Jun 2022 23:50:53 +0000

Members of the BC Liberal Party have approved a process to eventually change the party’s name by the end of the year.

Party members voted on the resolution at a convention in Penticton on Saturday that welcomed new leader Kevin Falcon and sought to outline the party’s strategy for the upcoming election, scheduled for fall 2024.

The resolution passed Saturday will give all members of the BC Liberal Party the option to vote for a new name or keep the current one by the end of the year.

“The party name should be one that reflects a diverse and inclusive big tent coalition,” Falcon said in a statement shortly after some 800 delegates voted.

The BC Liberals are not affiliated with the federal Liberal Party and have described themselves as a “made in BC free enterprise coalition”.

Liberal Trevor Halford, who represents Surrey-White Rock in the Legislative Assembly, said about 75% of delegates voted in favor of the name change process.

The party said it would immediately begin a broader consultation process over the next few months before holding a vote of the full party membership before the end of the year.

The party has launched an online consultation portal allowing members to give their opinion.

“It’s a decision that the members will ultimately make, and we want to hear from everyone, so we encourage people to go online and let us know their thoughts,” Falcon said.

Late name change: former minister

Falcon, who won the leadership race earlier this year, vowed to renew and rebuild the party in a “root to branch” process that included Saturday’s vote to begin a process that could see the Liberals run under a new name.

Some MPs speaking at the convention, which has 800 delegates, said there was a desire to consider a new name.

Former Liberal cabinet minister Mary Polak said she believed a name change was overdue.

“For many, many years, a large number of members have wanted to see a name change,” she said. “Part of how you express your identity as a party is through your name.”

Polak, a four-term former MP for Langley, where federal Conservative roots run deep, said she often had to explain to voters in elections that she was not running for the federal Liberals.

“Sometimes I would knock on the door and the owner would come out and say, ‘Mary, have you changed your allegiance? “, She said.

“It’s time,” Polak said. “I don’t think the name now clearly identifies the party.”

British Columbia’s Election Act prohibits the registration of a party under a name that has appeared on a ballot within the last 10 years.

The Liberals were reduced to 28 seats in the province’s 87-seat legislature in the last election, but have just wrapped up a spring legislative session where they challenged the NDP government on health care issues and plan to embark on a major museum reconstruction project.

“We see a government focused on a billion dollar museum while we have schools that haven’t been seismically upgraded. We have one in five people who can’t find a family doctor, nearly ‘a million people,’ Halford said.

“The next step is to become a government”

The Liberals’ recent political performance in the legislature, the new leader and the lifting of COVID-19 restrictions to allow gatherings have helped create a family reunion atmosphere in the convention, he said.

“We are focused on the next step and the next step is to become the government,” Halford said. “We have a very, very energetic group right now that has seen the massive cracks that are showing in this NDP government.”

Falcon is scheduled to address the convention on Sunday.

Utilities, Broadband Providers Split on Pole Attachment Rate Policy: Broadband Breakfast Tue, 07 Jun 2022 14:32:05 +0000

WASHINGTON, June 7, 2022 — A contentious debate over whether the Federal Communications Commission should force pole-to-point rates to accelerate broadband rollout shows no signs of abating.

During a Broadband Breakfast Live Online conversation on the subject in late April, utility representatives parted ways with representatives of broadband providers and nonprofits, arguing for changes to current FCC policies.

In March, the FCC voted to seek comment on how utilities and pole riggers would share pole replacement costs.

The event, which took place on April 27, examined taxpayer experience in terms of access to the poles, with significant input from the Western Carolina University economics professor. Edward Lopez for he brought his experiences by conducting research on the extent to which, from a quantitative point of view, the current pole policy really serves the public interest.

Lopez pointed out that the lack of competition in pole attachment impeded public welfare, and discovered, through his studies, particular problems with this in North Carolina.

It’s not a lack of investment in pole fixing that’s causing gaps in broadband service, he said. noting considerable focus and funding for broadband through the Infrastructure Investment and Jobs Act and the FCC’s Rural Digital Opportunity Fund.

“The investment is there,” Lopez said.

According to Lopez, Florida and Kentucky are two of the states where delays like this that prevent the expansion of connectivity create the most pronounced financial losses.

Other panel members, including the vice president of policy at internet service provider Charter Communications Marc-Paul, praised the commission’s efforts to speed up the post attachments.

CEO of the Utilities Technology Council Sheryl Riggs said that to develop an effective policy, broadband subscribers must be involved in discussing the possibilities.

“We need to engage them, educate them, and engage them in conversations so they can provide information and feedback,” Riggs said.

Riggs emphasized the need for all entities involved in policy development, such as his own UTC, to work together with government agencies rather than simply relying on the FCC to resolve all pole-attachment issues. .

She noted that federal law does not require utilities to replace poles that hold fiber lines during ongoing service to expand broadband, but utility companies have done so and will continue to do so. in order to improve service to the public.

Without successful substantive action on pole policy, Riggs warned that project costs could simply float on ratepayers and prevent policymakers from being able to say they are increasing access in unserved areas. and underserved.

“If it comes down to utilities and then it comes down to taxpayers, then have we really solved the problem of rolling out broadband to unserved or underserved areas?” she asked.

Our Broadband Breakfast Live Online events take place on Wednesdays at noon ET. Watch the event on Broadband Breakfast or SIGN UP HERE to join the conversation.

Wednesday, April 27, 2022, 12 noon ET – New threads on old posts: Will the FCC change the rules for attachments?

The Federal Communications Commission recently proposed the development of rules to resolve disputes regarding pole replacement and attachment. Several industry groups have long sought such action. Do the FCC’s actions go far enough? What did they do well and what approaches need to be adjusted? Join us for this Broadband Breakfast event as panelists offer their perspectives on this ongoing issue.


  • Sheryl RiggsCEO, Utilities Technology Council
  • Aryeh FishmanAssociate General Counsel, Edison Electric Institute
  • Edward LopezProfessor, Western Carolina University
  • John WindhausenExecutive Director, Schools, Health & Libraries Broadband Coalition
  • Marc-PaulVice President, Policy, Charter Communications
  • Drew Clark (presenter and host), editor and publisher, Broadband Breakfast

Panelist Resources:

  • “FCC Seeks Comments on Pole Replacement Rules,” Broadband Breakfast, March 18, 2022
  • “Pole Access Delays Costing Americans Millions A Month, Report Claims”, Broadband Breakfast, December 2, 2021
  • Waiting for broadband access: the schedule for access and replacement of polesConnecting the Future, April 2022
  • Advancing Pole Attachment Policies to Accelerate National Broadband DevelopmentConnecting the future, November 2021
  • Utility Pole Policy: A Cost-Effective Prescription for Full Broadband Access in North CarolinaNCCTA, August 18, 2021
  • FCC FNPRM Pole Attachment Project Gains Industry SupportCommunications Daily, March 9, 2022
  • “The Backbone of Broadband Infrastructure: Understanding the Importance of Utility Poles”, video by Connect the Future

Sheryl Osiene-Riggs was named President and Chief Executive Officer of UTC in June 2020, having previously served as Interim President and Chief Executive Officer and Executive Vice President, Finance and Operations. Prior to joining UTC, she worked with organizations in the banking/finance, education, health and social services sectors. Ms. Riggs received her bachelor’s degree from Howard University, and she has also conferred two master’s degrees in accounting and human resource management.

Aryeh Fishman serves as Associate General Counsel, Regulatory Legal Affairs, for the Edison Electric Institute (EEI), the trade association representing U.S. investor-owned electric utilities that collectively own and operate large overhead electric systems, including including utility poles, as part of the electrical industry’s mission to provide reliable, safe, secure and efficient electrical power to the public. He has worked on a wide variety of legal and public policy issues impacting the investor-owned power industry, including pole ties, colocation, mid-mile fiber deployments and spectrum.

Edward Lopez is Professor of Economics, BB&T Distinguished Professor of Capitalism and Director of the Center for the Study of Free Enterprise at Western Carolina University. He has taught academic economics for over two decades and is the author of over 60 scholarly publications and two books. He holds a doctorate. in Economics from George Mason University, where his areas of concentration were public economics and industrial organization.

John Windhausen is the Executive Director of the SHLB Coalition, a 501(c)(3) public interest nonprofit organization working to bridge the digital divide by promoting open, affordable, high-quality broadband for anchor institutions and their communities. He founded the coalition in 2009 with support from the Bill & Melinda Gates Foundation. It spearheads SHLB’s membership growth and shapes its broadband policy recommendations.

Marc-Paul is Vice President, Policy and External Affairs at Charter Communications. During his career, Mr. Paul has served as legal counsel to a commissioner at the Federal Communications Commission, lead counsel to a United States Senator, and legal counsel to two private law firms. Mr. Paul holds a law degree from the University of Pennsylvania Law School and a BA from Cornell University.

Drew Clark is the editor and publisher of and a nationally respected telecommunications attorney. Drew brings together experts and practitioners to advance the benefits offered by broadband. Under the American Recovery and Reinvestment Act of 2009, he spearheaded a State Broadband Initiative, the Partnership for a Connected Illinois. He is also president of the Congress of Rural Telecommunications.

Photo by Nicolás Gutierrez londoño from Image used with permission

WATCH HERE, or on YouTube, Twitter and Facebook.

As with all Broadband Breakfast Live Online events, the FREE webcasts will take place Wednesday at 12:00 PM ET.

SUBSCRIBE to the Broadband Breakfast YouTube channel. This way you will be notified when events go live. Watch on YouTube, Twitter and Facebook.

Check out the full list of upcoming and past Broadband Breakfast Live Online events.

This insider just sold shares of Unity Enterprise Holdings Limited (HKG:2195) Sun, 05 Jun 2022 00:13:43 +0000

We wouldn’t blame Unity Enterprise Holdings Limited (HKG:2195) shareholders if they were a bit concerned that Wing Sun Yeung, the executive chairman of the board, recently made about HK$23 million by selling shares at an average price of 0.92 $HK. However, it is crucial to note that they remain very invested in the title and that the sale only reduced their stake by 3.8%.

See our latest analysis for Unity Enterprise Holdings

The last 12 months of insider trading at Unity Enterprise Holdings

Notably, this recent sale by Wing Sun Yeung is the largest insider sale of Unity Enterprise Holdings stock we have seen in the past year. Clearly, therefore, an insider wanted to take money off the table even slightly below the current price of HK$0.92. When an insider sells below the current price, it suggests that they consider this lower price to be fair. This makes us wonder what they think of the recent (higher) valuation. However, while insider selling is sometimes discouraging, this is only a weak signal. This one-time sale only accounted for 3.8% of Wing Sun Yeung’s stake.

Wing Sun Yeung gave up 125.00 million shares during the year. The average price per share was HK$0.72. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you want to know exactly who sold, how much and when, just click on the chart below!

SEHK:2195 Insider Trading Volume June 5, 2022

If you’re like me, then you not want to miss this free list of growing companies insiders are buying.

Insider ownership

I like to look at how many shares insiders own in a company, to help me get a sense of how aligned they are with insiders. High insider participation often makes company management more concerned with the interests of shareholders. Unity Enterprise Holdings insiders own 63% of the company, currently worth around HK$575 million based on recent share price. I like to see this level of insider ownership because it increases the chances that management is thinking about the best interests of shareholders.

So what do Unity Enterprise Holdings insider trading indicate?

An insider recently sold shares of Unity Enterprise Holdings, but did not buy any. And even if we look at last year, we haven’t seen any purchases. The company enjoys strong insider ownership, but we are a little hesitant given the history of stock sales. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. For example, we have identified 3 warning signs for Unity Enterprise Holdings (1 is a little worrying) you should be aware.

If you’d rather check out another company – one with potentially superior finances – then don’t miss this free list of attractive companies, which have a high return on equity and low debt.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Fifth Circuit Bomb on SEC ALJs Raises Questions About DEA ALJs – Securities Thu, 02 Jun 2022 08:23:27 +0000

In a decision that will likely reverberate across the administrative state, a three-judge panel of the United States Court of Appeals for the Fifth Circuit recently held a Jarkesy v. Securities and Exchange Commission1 that the Securities and Exchange Commission’s use of its internal administrative law judges (“ALJs”) to adjudicate securities fraud actions seeking the imposition of monetary penalties was unconstitutional for three independent reasons. While the first two reasons discussed by the Fifth Circuit are inapplicable to the Drug Enforcement Administration’s administrative hearing process, the third reason is directly relevant.2Specifically, the court found that statutory dismissal protections afforded to SEC ALJs, providing that ALJs cannot be removed from their positions without a Merit Systems Protection Board hearing, violated the SEC’s precautionary clause. Article II of the Constitution by isolating the SEC courts from presidential control. . Because DEA administrative judges enjoy the same statutory protections from removal as those the Fifth Circuit panel has ruled unconstitutional, Jarkesy could be used to invalidate DEA court hearing processes.

The DEA relies on the ALJs to conduct administrative proceedings for the denial, suspension, and revocation of registrations to manufacture, distribute, or distribute controlled substances under the Controlled Substances Act.3 DEA ALJs — like most, if not all, federally employed ALJs — are subject to the same protections from removal that the Fifth Circuit ruled unconstitutional in Jarkesy.4 For this reason alone, the DEA’s current administrative arbitration regime could be fatally flawed.

Double-layered anti-abduction protections

Article II of the Constitution vests “executive power” in the president and gives the president the ultimate authority to remove officers—including judicial officers—from the executive. Congress can impose modest limitations on this removal power, including certain “for cause” limitations on the president’s removal power on multi-member boards and certain lower officers.5However, in 2010, the Supreme Court placed a clear limit on Congress’ power to interfere with the president’s impeachment authority, holding in Free Enterprise Fund v. PCAOB that “dual cause limitations” on the removal of officers violate the separation of powers.6 In other words, an officer cannot constitutionally be protected from dismissal by two levels of protection against dismissal for cause. The determination of “good cause” must rest either with the President or with a department head answerable to the President under Article II. The decision has sparked litigation over the withdrawal protections in place at a myriad of federal agencies. Recently, the Court struck down restrictions on removing for cause directors of the Consumer Financial Protection Bureau in Seila Law vs. CFPB,seven and the Federal Housing Finance Agency in
Collins vs Yellen.8

The current status of removal protections applicable to ALJs is now ripe for a decision following Jarkesy. In an earlier case, Lucia v. DRYthe Court struck down the method by which SEC ALJs were appointed, believing that they were junior officers who should be appointed by the president or department head rather than hired by agency staff. This decision led several federal agencies to review the validity of previous cases that were tried before the ALJs and also caused most departments to invalidate their previous selection process and reappoint their existing ALJs. The DOJ did just that with fanfare in October 2018, when the then-Attorney General signed an order to “ratify the pre-appointment” of the three ALJs then employed at the DEA. Although the Court referred to the issue of remand in Lucythe Court declined to decide.9 Judge Breyer, however, noted in his agreement that ALJs had protections against double-layered deletion – “just what Free Enterprise Fund construed the Constitution as prohibiting in the case of members of the Council.”tenIn line with the Court’s strict approach to the power of removal in
collins in 2021, the Supreme Court appears poised to heed Justice Breyer’s warning whenever a case presents the opportunity to determine that dual-tier protections against dismissal for ALJs, like that of DEA ALJs, are unconstitutional.11
Jarkesy could be this case.

A problem with no obvious remedies

If and when the Supreme Court determines that ALJs enjoy unconstitutional protection from removal, the appropriate remedy remains unclear. Even if the Jarkesy The panel determined that the SEC ALJ’s takedown protections were unconstitutional, its ruling noted that the panel “did not consider whether avoidance would be appropriate based on this flaw alone.”12

In Lucy, the Court determined that the proper remedy would require retrial under a constitutionally appointed ALJ. But the SEC appointment the default involved the agency’s hiring practice, not the legal protection against dismissal. In
collins, the Supreme Court remanded to the Fifth Circuit to determine whether there was prejudice due to unconstitutional agency directors. Justice Gorsuch strongly disagreed with the remand, arguing that the Court should instead “cancel the director’s ultra vires actions as contrary to constitutional rights[.]”13 A litigant who prevails on the issue of protections against ALJ withdrawal might argue that
Lucy spoke clearly about the remedy for unconstitutional ALJs, and it provides that they are entitled to a new proceeding before an ALJ undergoing a constitutional removal process. But with his dismissal, collins adds uncertainty to this remedy, leaving the parties open to the possibility that a court may determine that the issue of remand caused no prejudice to the parties.

An opportunity for DEA registrants

Despite these uncertainties, DEA registrants facing an order as to why their registration should not be denied, suspended, or revoked should consider raising constitutional arguments regarding ALJs assigned to their proceedings. Importantly for DEA enrollees, because protections against ALJ deletion are based in statute, the DEA has no unilateral means of correcting the deletion failure faced by its ALJs. Barring congressional action, the courts will likely have the final say. A series of Roberts Court decisions have revived the focus on the separation of powers doctrine and given impetus to entities subject to administrative enforcement action. These regulated entities are increasingly deploying affirmative constitutional arguments against their regulators. The DEA presents a clear new frontier to these arguments, and the growing body of legal gun registries with a powerful tool for litigation.


1. No. 20-61007, 2022 WL 1563613 (5th Cir. May 18, 2022).

2. Specifically, the Fifth Circuit ruled that 1) the SEC violated the Seventh Amendment guarantee of a trial by jury when it filed the lawsuit administratively because the agency did not seek to assert a “public law”, and therefore the facts underlying the allegations could not be determined by an ALJ without the consent of the defendant; and 2) Congress improperly delegated legislative authority to the SEC by giving it absolute discretion to choose whether to pursue enforcement action either in administrative proceedings or in federal court.

3. See 21 USC § 824 (suspension or revocation proceedings); 21 CFR § 1316.52 (“A presiding officer, appointed by the Administrator, will preside over all hearings.”); 21 CFR § 1316.42(f) (“The term session chairman appoints a qualified administrative law judge appointed in accordance with the Administrative Procedure Act”); 5 CFR § 930.204 (providing for “career appointment” of ALJs). The DEA’s administrative enforcement regime is limited to registration status determinations and as such likely falls well within the “public law” framework”private law” used by the Fifth Circuit to determine that the SEC’s enforcement action violated the Seventh Amendment, especially since the DEA does not have the authority to impose monetary penalties administratively. See Jarkesy2022 WL 1563613 at *4 (“Public rights, the Court explained, arise when Congress passes legislation under its constitutional authority that creates a right so tightly integrated into a comprehensive regulatory scheme that the right is appropriate for the resolution of the ‘agency.”) (quoting Granfinanciera, SA c. Nordberg, 492 US 33, 54 (1989)). And, unlike the SEC, Congress has given the DEA no choice but to file the registration actions administratively. See 21 USC § 824(c)(4) (“Denial, revocation, or suspension proceedings shall be conducted pursuant to this Section pursuant to Title 5, Chapter 5, Subchapter II. Such proceedings shall be independent of, and not in lieu of, criminal prosecution or other proceedings under this subchapter or any other law of the United States.”).

4. See 5 USC § 7521(a) (allowing employment actions against ALJs “by the agency in which the administrative law judge is employed only for cause established and determined by the Merit Systems Protection Board on record after possibility of hearing before the Council.” ).

5. See Morrison v. Olson487 US 654, 663 (1988) (upholding the constitutionality of independent attorneys appointed by a special court, exercising the full powers of a prosecutor and subject to removal by the Attorney General only for cause); Humphrey’s Ex’r v. United States295 US 602, 629 (1935) (noting that the Constitution does not give the president “unlimited power of removal” over the heads of independent agencies).

6. 561 US 477, 492 (2010).

7. 140 S.Ct. 2183 (2020).

8. 141 S.Ct. 1761 (2021).

9. Lucia v. DRY, 138 S.Ct. 2044 (2018).

10. 138 S.Ct. to 2060 (Breyer, J., concordant).

11. The Supreme Court recently granted certiorari to hear an appeal from Cochran v SEC, 20 F.4th 194 (5th Cir. 2021), a case concerning the SEC’s power to remove ALJs. But the opinion below – and the question on appeal – deals only with the procedural issue of whether the challenger should await the conclusion of its administrative proceedings before bringing a constitutional challenge. The Court does not examine the merits of the case.

12. 2022 WL 1563613 at *13.

13. 141 S.Ct. to 1795 (Gorsuch, J., concordant).

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.