Australia Bans Social Media for People Under 16. Could This Work Elsewhere — or Even There?Canada 'Freedom Convoy' leader found guilty over trucker protest role
Too early to celebrate – Arne Slot keeps leaders Liverpool focusedTharman Shanmugaratnam We can only address these long challenges by stretching our economic and political horizons, says President Tharman Shanmugaratnam. Our largest governance challenges, internationally, are now the long ones: where decisions today will determine if we secure people’s well-being not only today but also for our children’s generation and those that come after. Climate change is foremost. Ways must be found to win popular support to accelerate the shift to a low-carbon future. It requires a fair transition, one that overcomes the anxieties over costs that have led to pushback within many populations. But it also means overcoming the short-sightedness that is now the norm in most societies, so as to ensure fairness not only today but also for future generations. Likewise, the challenge of meeting the needs of steadily ageing societies, without sending the invoice to the next generation. And so too, dealing with AI (artificial intelligence) – the most profound technological change of our times, with benefits as well as risks that are likely to grow exponentially in the coming decade and beyond. We can address these long challenges only by stretching our economic and political horizons. And by finding ways to rebuild optimism and solidarity within our societies, so that people can imagine how the future can be better for all. The collective belief in the future has to be both the means and the end. Building a realistic optimism We are starting from a difficult place. Confidence in the future has been on the decline in most societies. They are also more divided. A survey of 19 high- and middle-income societies by Pew Research in 2022 found the majority feeling more divided than they did before the Covid-19 pandemic. Only three countries avoided this, including Singapore, where 75 per cent of people felt more united than before the pandemic. On top of all this, confidence in the multilateral order is at its lowest point. Yet, to tackle problems like climate change, we must first recognise the scale and seriousness of the challenge – not so we add to the mood of despondency, but so we build realistic optimism. The world is far behind the actions it needs to stay within 1.5 deg C of global warming, and to prevent accelerated warming after we hit 1.5 deg C. The best scientific estimates tell us that the remaining carbon budget, or the maximum amount of emissions the world can make so that global warming remains below 1.5 deg C, is likely to be used up in about five years’ time. Even more worrying: there is radical uncertainty as to what comes next. The planet is losing its critical buffers against warming – the natural ecosystems on land and in the oceans, that have been soaking up more than 50 per cent of carbon dioxide that the world emits, are losing that ability. It is also beginning to cross tipping points – such as the melting of the Greenland ice sheet, and the shift in the Amazon from being a huge carbon sink to being a net emitter – which can lead to runaway global warming. The implications are clear. First, tackling climate change will be much more costly, and vastly more complex and difficult, if we defer action. We must act early, especially to develop scale in clean energy and green technologies, so that they become as affordable and as reliable as what we do with fossil fuels. Second, clear and credible public policies are key to achieving the scale and speed that is required. Carbon pricing has to be the centrepiece. It will help catalyse the needed shift in private investments towards green opportunities in every sector, and also provide the revenues needed to support the transition and ensure poorer segments of the population are not disadvantaged. But it is generally understood that carbon pricing, within socially realistic limits, will not on its own be adequate. Targeted regulations in specific sectors, which in many cases such as in aviation and maritime transport will have to be internationally managed, are needed to provide certainty for businesses and spur innovation. We also need public investment in R&D and to build out new grids and other public infrastructure for a clean energy future. But higher spending will be a problem in many countries – given already large public debts, and interest rates which are no longer low. They have to find a pragmatic path, to protect future generations from exploding debt burdens, but also protect them from the huge costs that climate change will cause. Europe epitomises this challenge. Eminent former leaders like Italy’s Mario Draghi and Germany’s Angela Merkel – who had herself pushed for Germany’s conservative “debt brake” laws when she was the country’s chancellor – have now proposed that the public sector be allowed to borrow for a transitional period for investments in the green transition and other critical needs. Third, and the most challenging governance task: we need international coordination to solve the climate crisis. Otherwise, we risk carbon leakage – where higher-emitting companies and activities shift to countries with more accommodating policies. But besides their differing levels of political will, the complexity comes from the fact that countries have been using different sets of measures to encourage decarbonisation. Europe has been relying on the full mix of carbon pricing, regulation and subsidies, whereas China has introduced only limited pricing and the US has eschewed it altogether. Finding some equivalence between the measures taken by these major emitters so as to determine their “effective” carbon pricing rates will be a difficult matter. But it cannot be avoided. Reframing the debate We need a new understanding in trade, investments and technology transfers, to enable the world to benefit from China’s low-cost clean energy technologies, such as its solar panels, wind turbines and batteries. And likewise, to take advantage of innovations in the United States, such as in hydrogen power, carbon capture and other next-generation clean technologies. The key goal must be to maximise scale, affordability and the speed of the global transition, recognising that the world is far behind in the race against climate change. It will be aided by not limiting market access to products and technologies based on where they come from, but instead pursuing the solutions that still exist for win-win economic outcomes. We must also overcome the perennial tensions over climate financing for the developing world, which are not getting us anywhere. The debate has to be reframed; from viewing it not as a matter of how much aid should be given from rich nations to poor, but as investment in the global commons that all nations will benefit from. Dollar for dollar, investments in climate transition in the developing world in fact have a more significant impact on global emissions than in the advanced economies. Blended finance, where we bring together monies from the public sector, the multilateral development banks and the private sector, and where possible philanthropies, is an important way to scale up these investments. That’s why Singapore launched the Fast-P (Financing Asia’s Transition Partnership) programme this year, to help spur the transition to low carbon in Asia. The good news recently has been in carbon markets. Consensus on how to operationalise Article 6 of the Paris Agreement – governing how countries can trade carbon credits – was finally achieved at COP29 in Baku, with Singapore playing the role of co-facilitator. It will also add impetus to efforts to develop a voluntary carbon market with credible standards and verification mechanisms. The challenge is in the doing. An example is the Transition Credits Coalition that MAS (Monetary Authority of Singapore) is working on, to make possible an early phase-out of coal-fired power plants in Asia. Finally, we need a new narrative on climate change that has appeal to populations. Pushback has come from those who feel they have to bear the costs of decarbonisation today, in exchange for benefits to society in the distant future. Part of the solution must be to ensure that adjustments are fair to ordinary households. But decarbonising the economy can itself be a growth opportunity in the coming decade itself – with heightened investments creating many jobs and new businesses. It is an opportunity for clean air today – remember that millions of people each year die from air pollution caused by fossil fuel-based energy, with many more suffering from ill health. And nature-based solutions will help give populations clean water supply, and provide a buffer against flood and other weather extremities. So while the largest benefits come decades later, the dividends for populations from climate action begin flowing early. AI: focus on early wins, and avoiding the worst possible harms The second looming issue is AI. It presents massive opportunities for improved well-being – from better healthcare to productivity in every sector. But there are also major risks. There are bleak scenarios of how AI will remove a large segment of jobs, including those of the middle class. No one can say for sure that it won’t happen. There is also the prospect of AI systems moving beyond our control, as most AI programs get to be written by AI itself. And as Dr Henry Kissinger warned in his final book, AI poses a global security dilemma of an existential nature. More immediately, there’s the risk that AI poses for democracy itself, by accentuating misinformation and social polarisation. We already see this today, but it will only grow in the next decade and beyond. Yet, we must have a sense of realism when we think of how we should regulate AI. There will remain a fundamental mismatch between the pace at which AI is developing and regulators’ ability to set rules around it. We cannot delay AI until we are perfectly sure it is safe; in fact, we should assume that there will be some bad. Our approach should be to maximise the benefits of AI and minimise the risk of the worst possible harms to safety and society, and not think we can regulate AI comprehensively to avoid all that could be bad. Look for early wins. In healthcare, for instance, through much earlier and better diagnosis and treatment. In learning, with the potential that AI offers for personalised tutoring, through life. In improving farming yields. And in virtually every sector, to improve the productivity of those in the workforce by having an AI tool to augment your own capabilities. Further, not every problem created by AI will be best solved by trying to regulate AI. The real solutions to avoid job and income losses, which could come in both advanced and developing countries, lie in other economic and social strategies. We’ve got to double down on preparing young people and the workforce of today for an AI era. Countries may have to introduce new wage subsidies, or use progressive tax and transfer systems to mitigate inequalities. Every society has to be ready with these strategies, to ensure we can benefit from AI whilst buffering its downsides. Critically, too, we will need international cooperation to govern AI. It must involve the US and China talking directly with each other. But we must carry on with the important work of building a broad coalition of interests that can make the most of expertise from every source. Don’t send the invoice to the next generation The third long challenge: preserving optimism as societies age. Almost every higher-income country is ageing, and a few emerging countries too. We will see this go further in the next 30 years, changing the nature of society. However, many systems of financing healthcare and pensions are unsustainable, and are now likely to pose a major burden on the next generation. Unfortunately, most are also dealing with this challenge late in the day, when a large segment of the population is already retired or close to doing so. Reforms are still possible, but now come at greater political cost, which many democracies are finding insurmountable. Healthcare spending will have to go up, if we are to provide quality and affordable care for growing older populations. The costs have to be paid for fairly, across a population. We should start by recognising that there is no such thing as free healthcare for people anywhere – even in the systems like the UK’s where you pay little or nothing when you turn up in hospital, people pay for it through taxes or mandatory national insurance contributions. But a key lesson from most countries is that to keep the system fair, and keep healthcare costs from going up excessively, we have to avoid a heavy reliance on just one source of payments. We need a balance between government subsidies, co-payments by individuals when they are treated, and insurance policies – as we have in Singapore, for example. It is also how we ensure that those who can afford it get less subsidies and pay their fair share. More importantly, staying healthy and keeping healthcare costs down doesn’t just depend on healthcare systems. In fact, much of it depends on our habits and the social environment around us as we age. Are we staying active? Do we have regular friends? Do we have hobbies? Are we still learning something and staying curious? Are we countering the ageing brain? That’s all critical in staying healthy, and to living long and satisfying lives. And in Singapore, we are very serious about making this possible. Rebuilding solidarity Finally, as I mentioned at the start, we have to rebuild the collective belief that the future can be better for all. We have to find ways to get beyond the zero-sum thinking that is now prevalent within many societies – where each group feels that its future is pitched against another. Find ways to address the concerns of segments in each population who feel that the elite do not understand their day-to-day problems. And find ways to rebuild a sense of common humanity, by sustaining the international rule of law and norms of conduct, and by pitching in to strengthen the global commons. Yet, solidarity, a sense that our lives are connected and indeed enriched by what we do for each other, is a neglected dimension of democracy. We understand very well the importance of justice, and the freedoms that different democracies are organised around, but it requires something more for democracies to work well in today’s world. Where we’re not just individuals wanting to be equal and free, but we have bonds of reciprocity with one another, and we know it’s those bonds that will help us tackle the challenges we now face and take us forward. Solidarity has to be rebuilt into how we practise democracy, how societies are governed, and how we respect one another in our lives. Find out more about climate change and how it could affect you on the ST microsite here. Read 3 articles and stand to win rewards Spin the wheel now
The future of leadership in Africa hinges on a critical skill: AI literacy. As artificial intelligence reshapes industries and societies globally, African boards must embrace this knowledge to remain competitive, ethical, and innovative. AI literacy is no longer optional but essential for board members across the continent, as it equips leaders to harness these advancements responsibly and effectively oversee their organisations in an AI-driven world. Artificial intelligence is revolutionising decision-making processes, offering tools to analyse data, predict trends, and optimise operations. Globally, AI is projected to contribute $15.7 trillion to the economy by 2030, with Africa poised to benefit significantly if its leaders adapt. Yet, many African boards lag in understanding AI’s transformative potential due to gaps in digital literacy and infrastructure. This gap must be urgently addressed to ensure African businesses remain competitive in the global market. The oversight role of boards in AI governance is becoming increasingly critical. According to a recent Deloitte Global survey, only 14% of boards discuss AI at every meeting, while 45% haven’t yet put AI on their agenda at all. This lack of engagement is concerning, especially given the rapid pace of AI development and its potential impact on businesses. African boards must recognise that AI oversight is not just a technical issue but a strategic imperative that demands their attention and understanding. To effectively govern in the age of AI, board members need to develop a comprehensive understanding of AI’s capabilities, limitations, and ethical implications. This knowledge enables them to ask the right questions, challenge assumptions, and provide meaningful guidance to management teams. Without this literacy, boards risk approving AI initiatives without fully grasping their implications or missing out on transformative opportunities that could propel their organisations forward. The stakes are high for African businesses. AI has the potential to address some of the continent’s most pressing challenges, from improving healthcare access to optimising agricultural productivity. However, it also brings risks such as data privacy concerns, algorithmic bias, and potential job displacement. AI-literate boards are better equipped to navigate these complex issues, ensuring that AI adoption aligns with organisational values and societal needs. Moreover, AI literacy empowers boards to foster a culture of innovation within their organisations. By understanding AI’s potential, board members can encourage management to explore cutting-edge solutions and allocate resources to promising AI initiatives. This forward-thinking approach is crucial for African businesses to stay ahead in an increasingly competitive global market. The path to AI literacy for African boards requires a multifaceted approach. Board members should prioritise ongoing education about AI technologies and their applications in business. This can involve attending workshops, engaging with AI experts, and even experiencing AI tools firsthand. Some organisations are already taking steps in this direction, with 8% of respondents in the Deloitte survey indicating that they are starting to include AI specialists among their new board directors. However, education alone is not sufficient. Boards must establish robust oversight mechanisms to ensure that AI adoption aligns with the organisation’s strategic priorities. This includes setting clear governance frameworks for AI-related initiatives, evaluating their alignment with goals such as enhancing productivity and efficiency, improving customer experience, and fostering innovation. By focusing on strategy and accountability, boards can ensure that AI delivers measurable value while safeguarding the organisation’s long-term vision and ethical standards.. Risk management is another critical aspect of AI governance that demands board attention. African boards must establish robust frameworks for assessing and mitigating AI-related risks. This includes addressing data privacy concerns, ensuring algorithmic fairness, and preparing for potential cybersecurity threats. Boards should also consider the broader societal implications of AI adoption, such as its impact on employment and social equity. To effectively oversee AI initiatives, boards need to define clear governance structures. This may involve creating dedicated AI committees or integrating AI oversight into existing committee responsibilities. Many boards that have delegated AI matters typically assign them to the risk and regulatory committee or the audit committee. African boards should carefully consider which structure best suits their organisation’s needs to ensure comprehensive AI governance. As AI becomes more pervasive, boards must also broaden their stakeholder considerations. While customers and employees are currently seen as the top stakeholders in AI governance, African boards should anticipate increased scrutiny from regulators, investors, and society at large. Proactively engaging with these stakeholders and addressing their concerns will be crucial for maintaining trust and social license to operate in an AI-driven future. The journey towards AI literacy and effective governance is not without challenges. Many African organisations face resource constraints and may struggle to attract AI talent. However, these obstacles make it even more imperative for boards to lead the charge in AI adoption and governance. By prioritising AI literacy and oversight, boards can help their organisations overcome these hurdles and unlock the transformative potential of AI. In conclusion, AI literacy is non-negotiable for African boards aspiring to lead their organisations into the future. It is the key to unlocking innovation, managing risks, and ensuring responsible AI adoption. As AI continues to reshape the business landscape, African boards must rise to the challenge, embracing AI literacy as a fundamental leadership competency. By doing so, they will position their organisations – and the continent as a whole – to thrive in the AI-driven economy of the future.Kentucky will aim to improve upon its best start in seven seasons when it hosts Western Kentucky on Tuesday night in Lexington, Ky., in the final game of the BBN Invitational. The Wildcats (5-0) are ranked No. 8 in the latest Associated Press poll and are setting impressive offensive milestones even for a program as tradition-rich as Kentucky, which includes eight national championships. The Wildcats have scored 97 or more points in their first four home games for the first time in program history and eclipsed the 100-point mark in three of those games. Their lone trip out of state was a solid 77-72 victory over Duke in a matchup of top-10 teams in Atlanta. Kentucky has also made at least 10 three-pointers in each of its first five games of a season for the first time ever. "I think Kentucky attracts good people," Kentucky coach Mark Pope said after the Wildcats' 108-59 win over Jackson State on Friday. "It's the one place in all college basketball where you represent just a fanbase in a different, unique way." Otega Oweh and Koby Brea have led the Wildcats' early scoring outburst. Oweh, who is averaging 16.2 points per game, had 21 points on 8-for-12 shooting against Jackson State. "He gets us off to unbelievable starts every night," Pope told reporters after that game. "He's probably been our most consistent guy in games." Brea, who scored 22 points against Jackson State and is averaging 16.0 points per game, is leading the nation in 3-point accuracy at 74.1 percent. As a team, the Wildcats are shooting 42.3 percent from beyond the arc. And the few times they miss, Amari Williams has been doing the dirty work on the glass, averaging 10.8 boards in addition to 9.6 points per game. Kentucky faces a different challenge than it's had to contend with so far in the Hilltoppers (3-2), who have won three in a row after losing their first two games to Wichita State and Grand Canyon. Their up-tempo play hasn't exactly resulted in great offensive output, but in the Hilltoppers' 79-62 win over Jackson State on Wednesday, they shot 45.2 percent from 3-point range (14 for 31). "I was happy to see a lot of different guys contribute tonight and, hopefully, get their feet under them a little bit and get some confidence," said Western Kentucky coach Hank Plona, who is in his first season as head coach. "Obviously, Tuesday will be quite a test and challenge for us and we'll need them to be at their absolute best." Western Kentucky has an experienced group, which returned mostly intact from last season. The team is led by Conference USA first-team selection Don McHenry, who is leading the team with 17.2 points and 2.2 steals per game. McHenry is one of four Hilltoppers with scoring averages in double figures. Julius Thedford (11.4 points per game) and Babacar Faye (15.0) are each shooting 40 percent or better from 3-point range. Western Kentucky also figures to challenge the Wildcats on the boards as it enters the game ranked in the top 25 in defensive rebounding (30.4 per game). Faye leads the Hilltoppers in that department, averaging 7.8 rebounds per game and figures to battle Williams inside. "We're not the biggest team in the world, but our depth and our quickness are our strengths," Plona said. --Field Level MediaA judge on Monday granted a request by prosecutors to dismiss the election subversion case against Donald Trump because of a Justice Department policy of not prosecuting a sitting president. Judge Tanya Chutkan agreed to the request by Special Counsel Jack Smith to dismiss the case against the president-elect "without prejudice," meaning it could potentially be revived after Trump leaves the White House four years from now. "Dismissal without prejudice is appropriate here," Chutkan said, adding in the ruling that "the immunity afforded to a sitting President is temporary, expiring when they leave office." Trump, 78, was accused of conspiring to overturn the results of the 2020 election he lost to Joe Biden and removing large quantities of top secret documents after leaving the White House, but the cases never came to trial. Smith also moved on Monday to drop his appeal of the dismissal of the documents case filed against the former president in Florida. That case was tossed out earlier this year by a Trump-appointed judge on the grounds that Smith was unlawfully appointed. The special counsel paused the election interference case and the documents case this month after Trump defeated Vice President Kamala Harris in the November 5 presidential election. Smith cited the long-standing Justice Department policy of not indicting or prosecuting a sitting president in his motions to have the cases dismissed. "The Government's position on the merits of the defendant's prosecution has not changed," Smith said in the filing with Chutkan. "But the circumstances have." "It has long been the position of the Department of Justice that the United States Constitution forbids the federal indictment and subsequent criminal prosecution of a sitting President," Smith said. "As a result this prosecution must be dismissed before the defendant is inaugurated." In a separate filing, Smith said he was withdrawing his appeal of the dismissal of the classified documents case against Trump but pursuing the case against his two co-defendants, Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira. Trump, in a post on Truth Social, said the cases were "empty and lawless, and should never have been brought." "Over $100 Million Dollars of Taxpayer Dollars has been wasted in the Democrat Party's fight against their Political Opponent, ME," he said. "Nothing like this has ever happened in our Country before." Trump was accused of conspiracy to defraud the United States and conspiracy to obstruct an official proceeding -- the session of Congress called to certify Biden's win, which was violently attacked on January 6, 2021 by a mob of the then-president's supporters. Trump was also accused of seeking to disenfranchise US voters with his false claims that he won the 2020 election. The former and incoming president also faces two state cases -- in New York and Georgia. He was convicted in New York in May of 34 counts of falsifying business records to cover up a hush money payment to porn star Stormy Daniels on the eve of the 2016 election to stop her from revealing an alleged 2006 sexual encounter. However, Judge Juan Merchan has postponed sentencing while he considers a request from Trump's lawyers that the conviction be thrown out in light of the Supreme Court ruling in July that an ex-president has broad immunity from prosecution. In Georgia, Trump faces racketeering charges over his efforts to subvert the 2020 election results in the southern state, but that case will likely be frozen while he is in office. cl/sms
Trump offers a public show of support for Pete Hegseth, his embattled nominee to lead the Pentagon
Jeff Bezos backs AI chipmaker TenstorrentFaruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In PACS Group To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in PACS Group between (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s April 11, 2024 initial public offering (“IPO” or the “Offering”); and/or (b) all persons and entities that purchased or otherwise acquired PACS common stock pursuant, or traceable, or both, to the SPO Materials (as defined herein) issued in connection with PACS’ September 2024 secondary public offering (the “SPO”); and/or (c) securities between April 11, 2024 and November 5, 2024 inclusive (the “Class Period”) and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against PACS Group, Inc. (“PACS Group” or the “Company”) (NYSE: PACS) and reminds investors of the January 13, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com . As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company engaged in a “scheme” to submit false Medicare claims which “drove more than 100% of PACS’ operating and net income from 2020 – 2023”; (2) that the Company engaged in a “scheme” to “bill thousands of unnecessary respiratory and sensory integration therapies to Medicare”; (3) that the Company engaged in a scheme to falsify documentation related to licensure and staffing; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On April 11, 2024, PACS Group conducted its IPO, selling 21,428,572 shares of common stock at a price of $21.00 per share, received net proceeds of approximately $450 million. On September 3, 2024, PACS filed with the SEC a registration statement for a secondary offering on Form S-1 (the “SPO Registration Statement”). On September 6, 2024, PACS filed with the SEC a prospectus for the SPO on Form 424B4, which formed part of the SPO Registration Statement (the “SPO Prospectus” and together with the SPO Registration Statement and attendant materials filed or published with these forms, the “SPO Materials.” PACS issued 2,777,778 shares of common stock at $36.25 per share for proceeds of $100.7 million to the Company. Through the SPO, PACS insiders also sold 16,256,704 shares of common stock at $36.25 per share for proceeds of $589.3 million. On November 4, 2024, Hindenburg Research published a report based on a 5-month investigation that included interviews with 18 former PACS Group employees, competitors, and an analysis of more than 900 PACS facility cost reports. The report alleged the Company had “abused a COVID-era waiver” in a “scheme” that involved falsely submitting false Medicare claims which “drove more than 100% of PACS’ operating and net income from 2020 – 2023, enabling PACS to IPO in early 2024 with the illusion of legitimate growth and profitability.” The report further alleged the Company engaged in a scheme to maintain revenue by “bill[ing] thousands of unnecessary respiratory and sensory integration therapies to Medicare Part B regardless of clinical need or outcomes.” The report also alleged a widespread practice of falsifying documentation, including by engaging in a “scheme whereby PACS attempts to fool regulators by ‘renting’ licenses from third parties to ‘hang’ on buildings” and then “either employs unlicensed administrators or has administrators manage multiple buildings in excess of state mandated limits.” Similarly, the report alleges the Company engaged in a scheme related to licensure and staffing of nurses, whereby “PACS secretly lists uncertified nurse aides (NAs) as certified in the system, in an apparent scheme to cheat staffing ratios” and “retroactively add fake RN hours” in order “to meet minimum staffing requirements, boost star ratings, and avoid costly penalties.” On this news, the Company’s share price fell $11.93 or 27.78%, to close at $31.01 per share on November 4, 2024, on unusually heavy trading volume. Then, on November 6, 2024, before the market opened, the Company announced that it would postpone its fiscal third quarter 2024 earnings release. The Company further disclosed it had “received civil investigative demands from the federal government regarding the Company’s reimbursement and referral practices that may or may not be related to this week’s third-party report.” On this news, the Company’s share price fell $11.45 or 38.76%, to close at $18.09 per share on November 6, 2024, on unusually heavy trading volume. By the commencement of this action, PACS Group stock has traded as low as $18.09 per share, a more than 13.9% decline from the $21 per share IPO price. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding PACS Group’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the PACS Group class action, go to www.faruqilaw.com/PACS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn , on X , or on Facebook . Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e848124-9c14-4bab-ba13-256ecec0c433
FOX 4 consumer reporter Steve Noviello is busy preparing his annual FOX Holiday Gift Guide. From toys to tech and more, Steve will review the items that are sure to be a hit this holiday season. DALLAS - FOX 4 Consumer reporter Steve Noviello gets more than 1,000 product pitches each year. He shares the greatest gifts of the season in this 2024 Holiday Gift Guide. Steve's 4 favorite products of 2024 These products from throughout the year scored so big, Steve now uses them in his own home! His family loves couch snuggle time with an oversized blanket. He found a pair of folding sunglasses that fit in his pocket. He uses a type of sunscreen that's specially formulated for men. And his new Fokus + Headphones are always fully charged on his desk. | Read more Top 10 toys for 2024 Here are our top 10 toys of the year! This year's list includes several options for racing and RC lovers, a 4-foot-tall Paris playset for young Ladybug fans, a tool that can turn kids' drawings into playable video games, a lightsaber with advanced LED and sound effects, a doll that shows off her natural hair, a sensor playset for those who love lining up cars, and a storytime companion that can create customized stories. | Read more More toys that make great holiday gifts From classics to completely new, these toys will be tons of fun this season! Playmobil, furReal Friends, Fingerlings, Littlest Pet Shop, Lego, Razor, Minions and more... they may not have made it into the Top 10 list, but they are sure to please just about any young gift recipient. | Read more Gifts to inspire family game night Gather the family for fun! These gifts make for a winning game night! Monopoly Scrabble combines two classic favorites. Hitster combines music and fun. A new version of Trivial Pursuit is perfect for family members in different generations. And chances are your kids are already playing Imposter! | Read more Gifts that offer screen-free fun These gift ideas will keep your kids entertained- no screens needed. There's a playset for young artists and a building kit that combines the fun of magnetic connections with ramps and runs. Hero is a unique robot that teaches about sound technology. And there are new puzzles and fidgets you'll want to check out. | Read more Gifts tweens actually want Creative, curious, active and a little tech obsessed, these gifts for tweens scored high marks with our testers! The list includes kits for crafty kids, two parent-approved cellphones, a drone with RGB illuminated propellers, a VR activity set for science lovers, skill-building equipment for soccer lovers, and a paper airplane that's really powered. | Read more Great gifts for gamers Kids of all ages love video games. These consoles, games, and accessories earned high scores with us! We loved the ASUS ROG Alley X gaming device, which is a PC and a handheld gaming console all in one. WIN Reality lets you get your batting and pitching practice in at home. The Nick Watch is a new smartwatch option for kids. And don't forget about all the audio equipment to go along with those games. | Read more Cool tech gift ideas for the gadget lovers on your list From the JLab Flex wireless earbuds that clip onto your ear to Ecoflow's latest consumer power bank, the new Samsung Galaxy Watch Ultra, and more, these high-tech gadgets are sure to bring big smiles. Our list even includes the Barsys 360 to revolutionize home cocktail making. | Read more Holiday gifts for men Check out these great gifts for that great guy on your list. The Stowaway Rocker gives dad comfort but doesn't compromise when it comes to storage. The Lexivon 2-in-1 digital laser tape measure is a gift that supports small businesses too. And Coofandy has the ultimate menswear line to build a fashion profile he will love. | Read more Gift ideas that support small businesses Feel great about giving these gifts knowing you're supporting a small business. Dugout Mugs are officially licensed and can be customized to make the perfect gift. It's All About Bees sells local honey and honey products that are great for teachers. And you don't have to wait until next fall to give someone a bucket of Stiffler's Mom's Cookies from the State Fair of Texas. | Read more Holiday home entertaining gift ideas Whether you're having an intimate holiday or a huge gathering, these products will make hosting a breeze. Tovolo's holiday ornament ice molds can add a touch of festivity to your next gathering. The Pizza Scizzas by William Sonoma make slicing pizza hot out the oven a breeze. And the Bruvi BV-01 Coffee Maker can brew seven different drinks for when your guests can't agree on a single option. | Read more Gifts for people who have everything Think they already have everything? They don't have all of these - guaranteed! For example, the AirUp Scentaste Water Bottle flavors water using just scent. Dink Buddy has a portable pickleball net to use in the backyard or at the park or beach. And Enso has a travel-friendly Buddha Board for an artistic "expression of the moment." | Read more‘Gladiator II’ review: Are you not moderately entertained?
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