Event Planer http://eventplaner.net/ Fri, 24 Jun 2022 05:30:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://eventplaner.net/wp-content/uploads/2021/03/cropped-favicon-32x32.jpg Event Planer http://eventplaner.net/ 32 32 What Jabari Walker brings to the Portland Trail Blazers https://eventplaner.net/what-jabari-walker-brings-to-the-portland-trail-blazers/ Fri, 24 Jun 2022 04:44:46 +0000 https://eventplaner.net/what-jabari-walker-brings-to-the-portland-trail-blazers/

When Tad Boyle decided to offer Jabari Walker a scholarship to play basketball in Colorado, he was doing it — he’s not afraid to admit it now — mostly on a whim. Walker was not a highly touted prospect. He was a three-star winger with no clear position, a scrawny kid who showed relatively little of the pedigree of his father, Samaki Walker, a top-10 pick in the 1996 NBA Draft who played a decade in the league.

Boyle thought Walker was interesting early in his career at Compass Prep in Arizona, but he barely had a thorough developmental record on the kid, and at the time the Buffaloes had a real need to recruit a player of his type. , COVID-19 had sent all recruiting into the dreaded realm of Zoom. Walker, like so many of his peers, never set foot on the Colorado campus in the process, and Boyle never got to see if this lanky young prospect had improved. “We ended up signing him not knowing, quite frankly, what we were getting,” Boyle said.

After two promising and productive years of college basketball, first as a role player and then as a star, the picture of Jabari Walker is much clearer now – and the Portland Trail Blazers, who chose him 57th in the NBA Draft, hope there’s plenty more up the left to capture.

It turned out that Walker was just a latecomer, a player whose skill set and body didn’t remotely come together when he needed to decide where he wanted to play college hoops. Now, as he enters the NBA, that late-blooming tag still applies in full, this time with a proven and sought-after NBA skill base. It’s an exciting combination.

These showed his long-term potential soon after Boyle finally brought the player to campus. “I remember talking to Samaki when we signed him, and he said, ‘Coach, I hope he can help you when he’s a sophomore or a junior,'” Boyle said. . “’He’s not ready yet.’ Then he comes to campus and does some practice and it’s like, oh. He is a good player.” Walker had the advantage of coming into a veteran Colorado team, a top-10 team nationally and one led by senior guard McKinley Wright IV, and so Walker could blend in, make what he was doing well and not having to carry a major charge. Listed at 6-foot-9 with a 7-foot wingspan, Walker shot 52.3 percent on 3 and posted elite rebound rates in as a rookie, playing on the periphery of a top offensive team.Out of nowhere, the 3 and D wing model was applied and the NBA took an immediate interest.

Walker’s star turn came last season, as a sophomore, when things got tough. Suddenly, thanks to his own rise and a minor rebuilding year for the Buffaloes roster, Walker had to be a star. He also, for the first time in his life, felt the all-seeing eye of the NBA’s constant surveillance. At the start of the season, shots weren’t falling, his stock was slipping and a small crisis of confidence ensued. “You know what happens to these kids,” Boyle said. “There was buzz about him after his freshman year, and he’s like, Now I’m the guy, it’s my turn.” It was no secret to the Colorado coaching staff that Walker put too much pressure on himself and his shooting went haywire as a result.

Rather than spiraling, however, Walker managed to turn the tide, an impressive piece of silent resilience that also saved Colorado’s Pac-12 campaign. In short, Walker relaxed a bit; the blows began to fall; the defenses started pushing on him which allowed him to put the ball on the ground, and it all went downhill from there.

The promise of his first campaign remained intact. At the end of the year, Walker shot 34.6% on 3, including 37.3% in Pac-12 play, while also ranking as the 11th best defensive rebounder in the nation. He was able to operate in the position and was producing effective numbers per possession there. Offensively, he could float between roles somewhat, for better or for worse, but overall he was exactly the kind of efficient, outside-inside winger with length that the NBA loves to draft these days, and so it’s no surprise that he was selected after impressing the scouts during the pre-draft process.

Still, there are great areas for growth. Walker has the tools to be a strong two-to-four defender, but didn’t always apply them last season. He should get stronger and faster, and will probably need it. Last season’s shooting inconsistency cannot continue in the league. But the fundamentals – great rebounding and a perimeter shot deep into a forward’s body – are there. If Walker continues to flourish at the current rate, he should also pleasantly surprise his next coach.

(Photo: Ron Chenoy/USA Today)

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What is the outlook for the price of gold as markets shift from inflation to recession fears? https://eventplaner.net/what-is-the-outlook-for-the-price-of-gold-as-markets-shift-from-inflation-to-recession-fears/ Thu, 23 Jun 2022 20:19:00 +0000 https://eventplaner.net/what-is-the-outlook-for-the-price-of-gold-as-markets-shift-from-inflation-to-recession-fears/


(Kitco News) Gold’s volatility has been relatively low compared to other assets as the precious metal retains its “soft bull market” status and is trading comfortably between $1,800 and $1,900 an ounce. But don’t expect the price of gold to rise until confidence returns to the market, according to MKS PAMP.

There is a shift in the market as inflation fears give way to recession panic, with equity investors opting for cash over safe havens like gold, strategist Nicky Shiels said. metals from MKS PAMP.

“There has been unprecedented damage to equities (and other assets) where silver has retreated to cash/USD, less to havens. Confidence must return,” Shiels wrote in a note. Thursday. “With last week’s selloff in the SPX, its correction is in line with the median correction seen in post-war recessions, but it is now the 4th worst ‘non-recession correction’ over the same period. We We are in a recessionary market Technically, SPX entered a bear market on June 13th.

The irony for gold bulls is that the precious metal will likely have to see a combination of lower returns and rising US equities for gold to hit the $1,880 an ounce level, he said. she explains.

As it stands, gold will have more buyers at the price of $1,900 per ounce versus $1,800 per ounce. “There is a noticeable lack of interest from the investment community (outside of retail coins/bars!),” she said. “Carnage in equity markets and other asset classes has kept the fringe player at bay.”

A potential trigger for higher prices would be if the Fed “breaks something” by aggressively tightening monetary policy.

“Federal funds are only at 1.75% (with CPI at 8.6%). Last week the Fed acknowledged inflation [and] took… a rise of 75 basis points. Overall, the details of the Fed’s statement were quite dovish (they acknowledged that the economy was deteriorating), and talk of the recession grew as data continued to disappoint and commodity prices raw materials are reacting to fears of demand destruction,” Shiels described.




And as the Fed continues to make adjustments to its “unconditional” fight for price stability, recessionary risks are becoming more visible in daily macro data.

“Today’s sentiment was not helped much by lackluster PMI data. Specific consumer and inflation-sensitive sectors, such as travel, are still the biggest decliners in June and are leading poster child for soaring inflation and tight consumption,” Shiels said.

The latest flash PMI data signaled “the weakest recovery in US private sector output since the Omicron-induced slowdown in January in June,” research firm IHS Markit said in its latest report.

According to the report, the flash U.S. manufacturing purchasing managers index (PMI) for June fell to 52.4, marking a 23-month low. The services sector saw the PMI index drop to 51.6 in June, marking five-month lows.

The only outcome that would be bad for gold is if the Federal Reserve remains too hawkish, Shiels pointed out.

“For inflation and the macro backdrop to be right, commodities need to be right, and if the Fed continues to climb +-50bps in commodity prices under pressure and a strong US dollar, it’s an additional form of monetary tightening; it would be a huge tightening cycle and behind gold’s bearish narrative (or at the very least explains the hesitancy of broad-based investor underwriting),” a- she declared.

At the time of writing, August Comex gold futures were trading at $1,826.60, down 0.64% on the day.


Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.

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Chimerix Announces $9.3 Million International TEMBEXA https://eventplaner.net/chimerix-announces-9-3-million-international-tembexa/ Thu, 23 Jun 2022 13:15:00 +0000 https://eventplaner.net/chimerix-announces-9-3-million-international-tembexa/

DURHAM, North Carolina, June 23, 2022 (GLOBE NEWSWIRE) — Chimerix (NASDAQ: CMRX), a biopharmaceutical company whose mission is to develop medicines that significantly improve and extend the lives of patients facing life-threatening diseases, today announced a $9.3 million deal to procure TEMBEXA® (brincidofovir) with a third party outside of North America, with permission from the relevant health authority. Chimerix expects to promptly supply TEMBEXA treatment courses equivalent to the full value of the supply contract. The performance of this contract will be the responsibility of Chimerix, as it is expected to occur prior to the closing of the pending transaction with Emergent BioSolutions, Inc. (Emergent).

“This supply agreement underscores the utility of TEMBEXA as a medical countermeasure and the importance of addressing the longer-term need to maintain strategic stocks for potential pandemics,” said Mike Sherman, President- CEO of Chimerix. “Through this contract, we will still be able to meet our expected obligations associated with a potential contract with the US Biomedical Advanced Research and Development Authority (BARDA) and initial delivery into the US Strategic National Stockpile.”

TEMBEXA is a medical countermeasure approved for smallpox by the United States Food and Drug Administration (FDA) in June 2021. In June 2022, Chimerix entered into a definitive agreement with Emergent to sell Chimerix’s exclusive worldwide rights to the brincidofovir, including TEMBEXA, for up to $325 million. more royalties. Any revenue associated with TEMBEXA (brincidofovir) earned prior to the closing of the Emergent transaction, and that is not related to the BARDA supply contract (i.e., other U.S. revenue or international revenue), will accrue to Chimerix . For revenue generated after closing of the transaction, Chimerix will receive a 15% gross profit royalty associated with international revenue and a 20% gross profit royalty associated with U.S. revenue from sales exceeding 1.7 million treatments therapies. Several conditions are required for the transaction with Emergent to complete, including the expiration or early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR ). Additional closing conditions include execution of an advance supply agreement between BARDA and Chimerix as well as receipt of any required consents from BARDA to a pre-novation agreement to be entered into with Emergent.

About Chimerix

Chimerix is ​​a biopharmaceutical company whose mission is to develop medicines that significantly improve and extend the lives of patients facing life-threatening diseases. The Company’s most advanced clinical-stage development program, ONC201, is being developed for the K27M-mutant H3 glioma.

Forward-looking statements

Chimerix cautions you that statements included in this report that are not a description of historical facts are forward-looking statements. Words such as “anticipate”, “expect”, “intend”, “plan”, “believe”, “seek”, “estimate”, “will”, “should”, “could” , “could”, “could” and similar expressions also identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the supply agreement and the provision of treatment courses under the agreement, the potential benefits of the transaction with Emergent to the operations and financial condition of Chimerix, the ability of the parties to complete the transactions contemplated under the asset purchase agreement (APA) between Emergent and Chimerix, the satisfaction of the conditions associated with the transaction, the ability of the parties to meet expectations regarding the timing and the completion of the transaction, and Chimerix’s expectations regarding the completion of, and payments to be made from, the transaction. The inclusion of forward-looking statements should not be taken as a representation by Chimerix that any of these results will be achieved. Actual results may differ from those presented in this report due to risks and uncertainties associated with market conditions, timing of satisfaction of obligations under the APP, if any, and inherent risks and uncertainties. Chimerix’s business, including those described in other filings by Chimerix with the Securities Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to revise or update this report to reflect events or circumstances. after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement. This disclaimer is made pursuant to the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.

contacts:

Investor Relations:
Michelle LaSpaluto
(919) 972-7115
ir@chimerix.com

Will O’Connor
Serious investor relations
will@sternir.com
212-362-1200

]]> Crypto Crash: Could Bitcoin Fall Below Zero Like What Happened With Oil? https://eventplaner.net/crypto-crash-could-bitcoin-fall-below-zero-like-what-happened-with-oil/ Thu, 23 Jun 2022 02:05:00 +0000 https://eventplaner.net/crypto-crash-could-bitcoin-fall-below-zero-like-what-happened-with-oil/

One of the more bullish arguments before the recent cryptocurrency market crash was that bitcoin (BTC) had never tested a previous cycle’s all-time high before a halving event. And then this time it fell below $19,000, the pre-halving high of 2020.

While the incident sparked existential fear of a total meltdown, it also raised questions about whether bitcoin’s price could ever fall below zero and have a negative value like oil did for a while. the peak days of the pandemic.

“To suggest that the price of bitcoin could fall to zero…is almost unthinkable,” said Whitney Setiawan, research analyst at Crypto Exchange. Bitrue. “Its sourcing is unaffected by today’s global supply chain bureaucracies. The supply of crude oil is nearly endless and this can adversely affect the price one is willing to pay, which can lower one’s price.

Setiawan said bitcoin’s technical design prevents it from hitting zero, even when “overall market sentiment may continue to drive a sell-off.” The US Commodities Exchange Act concluded that digital currencies such as Bitcoin are a commodity, just like oil.

Bitcoin falls 70%, fears of a total collapse

In 2020, at the height of the coronavirus pandemic, the price of oil in the United States turned negative for the first time in history, falling to minus $37 per barrel. This meant that oil producers had to pay buyers to remove the goods from them, fearing that storage capacity would run out. Oil demand has dried up due to shutdowns that have kept people at home.

As the price of bitcoin has fallen sharply over the past few weeks, traders and miners have been keen to offload their holdings to avoid facing massive losses. And perhaps worse, a LUNA-style meltdown.

Bitcoin has fallen 70% since hitting a high of $69,000 in November 2021. At press time, BTC was trading at $20,400 after rebounding from an 18-month low of around 17 $800. This is below the price of $19,000, a high reached in 2020 before an event that reduced the amount of bitcoin minted known as the “halving”.

The carnage in the crypto market is in part caused by pressure from macroeconomic forces, including rising inflation and a succession of interest rate hikes by the US Federal Reserve. Additionally, the Terra contagion is only just beginning to be felt, with a number of crypto heavyweights including hedge fund Three Arrows Capital (3AC), lenders Celsius and Babel Finance facing security issues. solvency.

“Bitcoin has no storage fees, so it won’t go to zero”

Styliana Charalambous, head of investments and market research at fund manager Pure, said bitcoin’s historic price reversal could not be compared to that of oil because it cost almost nothing “to traders and investors to keep their bitcoin in their wallets”. speak to be[In]Crypto, Charalambous explained:

“The reason why oil had a negative value at one time is that oil reserves around the world were filling up quickly. People were willing to pay to remove the stock of oil from their warehouses. On the other hand, it is technically impossible for BTC to have a negative value.

Charalambous said cryptocurrency values ​​could fluctuate wildly depending on market speculation, but values ​​could never go below zero. “That would basically mean you would have to pay someone to take your coins or tokens,” she said.

Brian Gallagher, co-founder of Web3 infrastructure company Partisia Blockchain Foundation, said it’s hard for BTC to go below zero “because it’s a hard currency supply.” But “companies that are over-indebted could go into debt and be sent into bankruptcy and liquidation of their assets to pay their creditors”, he detailed.

The technology remains strong

The fundamental underlying technology behind Bitcoin remains solid and has weathered much turbulence since its inception over 13 years ago, experts say.

Cryptocurrency markets are struggling for confidence after the collapse of the Terra blockchain in May. The situation has caused genuine fear about the long-term viability of cryptocurrencies, resulting in a loss of over $2 trillion in value over the past six months.

“His [Bitcoin] a key new financial tool that has long-term value and ease of use. I’m sure once global markets stabilize and recover, bitcoin will recover even faster,” Vasja Zupan, president of Digital Asset Exchange Matrix, told Be.[In]Crypto.

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at their own risk.

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Uddhav cancels meeting with Sena MPs and will speak shortly amid resignation buzz https://eventplaner.net/uddhav-cancels-meeting-with-sena-mps-and-will-speak-shortly-amid-resignation-buzz/ Wed, 22 Jun 2022 11:39:41 +0000 https://eventplaner.net/uddhav-cancels-meeting-with-sena-mps-and-will-speak-shortly-amid-resignation-buzz/

attended the weekly cabinet meeting virtually.

Meanwhile, Maharashtra Governor Bhagat Singh Koshyari was admitted to a hospital in Mumbai today with Covid-like symptoms. Shiv Sena rebel leader Eknath Shinde had requested time from the 80-year-old Maharashtra governor to meet at the Raj Bhavan while he was camping with 40 other MPs at the Radisson Blu Hotel in Guwahati.

“We will advance the Hindutva of Bala saheb,” said Eknath Shinde. They were received at the airport by Assam BJP MP Pallab Lochan Das. Shinde’s rebellion has thrown the Maha Vikas Aghadi government in Maharashtra into chaos, threatening its downfall as the numbers game in the legislature is not in their favour.

Thackeray called off the meeting with Shiv Sena MPs hours after the party asked all its MPs from Maharashtra, including the rebels accompanying Shinde, to attend a 5 p.m. legislative party meeting in Mumbai or do facing action under the Anti-Defection Act.

In response, Shinde, who camps in Guwahati with a section of Sena MPs loyal to him, said orders issued by Sena chief whip Sunil Prabhu were “legally invalid” as MP Bharat Gogawale is appointed. chief party whip.

Prabhu wrote a letter and delivered it to some Sena ministers including Minister of State at Home Shambhuraj Desai who is currently staying with Shinde in Guwahati. “The Shiv Sena called for an urgent meeting today evening at the ‘Varsha’ bungalow as there have been attempts to make the MVA government unstable. Details regarding the meeting were shared with all members (MPs) on their registered email address, WhatsApp and SMS.

“You cannot remain absent from the meeting without providing a valid and sufficient reason. If you do not attend the meeting, it would be presumed that you have a clear intention to leave the party. Therefore, action will be taken against you based on the provisions to prevent anti-defection,” the letter reads.

“Shiv Sena MLA Bharat Gogawale has been appointed Chief Whip of the Sena Legislature. Orders issued by Sunil Prabhu regarding MPs meeting are legally invalid,” Shinde tweeted. A day earlier, the Sena had removed Shinde as a group leader in the Legislative Assembly. The Sena has 55 members in the assembly of 288 member states.

Earlier in the day, Shiv Sena MP Sanjay Raut said in a tweet that ongoing political developments in Maharashtra could result in the dissolution of the state assembly.

Raut’s remarks came amid the ongoing crisis in the state’s Maha Vikas Aghadi following the Shinde rebellion. Meanwhile, Maharashtra Minister and Congress Legislative Party leader Balasaheb Thorat said 41 MPs (out of a total of 44 in the state) attended the CLP meeting in Mumbai on Wednesday. The other three were on their way to the state capital, he said.

“Congress is united and all 44 deputies are together,” Thorat said. Shinde said 46 MPs support him. I have more numbers (of Shiv Sena MPs) than necessary (to form a separate group in the Assembly without inviting the provisions of the anti-defection law), he told a Marathi TV channel.

A chartered flight carrying MPs Shinde and Shiv Sena, who have rebelled against the party, arrived early Wednesday in the Assam city of Guwahati.

(with PTI entries)

Read all the latest news, breaking news, watch the best videos and live TV here.

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“It’s not really the time to back down” https://eventplaner.net/its-not-really-the-time-to-back-down/ Tue, 21 Jun 2022 17:06:00 +0000 https://eventplaner.net/its-not-really-the-time-to-back-down/

“I don’t think I’m going to say that the economic outlook for many developed markets is not very positive,” he added.With rising inflation, tight labor, tight supply chains and the Federal Reserve raising interest rates, General Mills CEO Jeff Harmening told dbAccess last week. Global Consumer Conference.

But, he added, “we tend to do well in environments… where the economy is getting tough,”and therefore, Harmening said he saw no reason to change strategy.

“We don’t feel like we have to choose between doing well in the present and preparing our well for the future,”he said. “Now is not really the time to back down. Now is really the time to make sure we are performing well in the current environment, which we are… but also to invest in capabilities such as strategic revenue management or data and analytics capabilities”​ that will set General Mills up for future success.

He explained: “We have invested over $100 million in our data and technology capabilities over the past two years because our goal, which we believe is entirely achievable, is to emerge from the pandemic stronger than we entered it. .

“And history has shown that companies that not only operate in the present, but also build capabilities that prepare for the future, are the ones that emerge even stronger from times like this.”

A strong balance sheet during an economic downturn

History has also shown that General Mills traditionally performs well during tough economic times, which further reinforces Harmening’s decision not to hold back, but rather to push forward.