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What both sides are saying about ceasefire deal between Israel and HezbollahNEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Results from the 2024 Travelers Risk Index highlight a concerning increase in distracted driving, with many risky behaviors surpassing pre-pandemic levels. Recently, Jessica Kearney and Ginny Brzezinski from the Travelers Institute, along with Ryan McMahon from Cambridge Mobile Telematics, partnered with D S Simon Media on a nationwide satellite media tour to discuss the dangers of distracted driving, tips to navigate the holidays, and the growing use of telematics to offer solutions. Millions of Americans will be hitting the road this holiday season, and with that comes a rise in distracted driving. While traffic fatalities decreased by 4% last year to 44,450, distracted driving remains a growing issue. According to the 2024 Travelers Risk Index, 78% of consumers believe distracted driving is worse now than a few years ago, with many drivers admitting to risky behaviors: close to 60% are reading texts or emails while driving; 26% are updating or checking social media; and 24% are taking photos or videos. Young drivers, particularly Gen Z, are especially at risk. Compared to overall averages, drivers ages 16-20 engage in some hazardous driving behaviors more frequently, like texting/emailing, scrolling and GPS navigation. Additionally, 41% of parents surveyed said they don’t feel like distracted driving is emphasized enough in drivers ed, so they are taking matters into their own hands. Here are some important tips to help prevent distracted driving: Activate the “Do Not Disturb” feature on your phone to block notifications while driving. Before starting your trip, program your GPS and review the route to avoid distractions while on the road. Consider signing up for a telematics program to promote safe driving habits beyond the holiday season. Finally, don't hesitate to speak up if you see a friend or loved one driving distracted—encourage them to focus on the road. If you're on the phone with someone who's driving, ask them to call you back once they've safely reached their destination. Telematics technology is playing a key role in promoting safer driving by collecting data from connected vehicles, IoT devices, and smartphones. It tracks behaviors such as speeding, hard braking, and distraction, and provides users with feedback to help improve their driving habits. By monitoring performance and encouraging safer choices, telematics helps drivers adopt better habits beyond the holiday season. To learn more about the Travelers Institute, visit travelersinstitute.org . To learn more about Cambridge Mobile Telematics, visit cmt.ai . About Jessica Kearney Jessica Kearney is Vice President for Public Policy at the Travelers Institute, the public policy division of Travelers. In this role, she leads corporate thought leadership initiatives on policy issues of interest to the property casualty insurance sector, as well as the financial services industry more broadly. Her portfolio has included work addressing the economy, cybersecurity, small business advocacy, auto safety, autonomous vehicles and disaster preparedness. She also serves as a member of the company’s Autonomous Vehicles and Electric Vehicles Working Groups. Kearney is co-creator, producer and guest host for the Travelers Institute’s webinar series, which seeks to help business and risk professionals navigate today’s biggest challenges in insurance, business and leadership. She leads operations and initiatives for the Travelers Institute, presents at client and industry conferences, and was named to Insurance Business America’s annual Hot 100 list for 2022. About Ginny Brzezinski Ginny Brzezinski is Assistant Vice President for Public Policy Initiatives at the Travelers Institute, the public policy division of Travelers. In this role, she works on corporate thought leadership initiatives on policy issues of interest to the property casualty insurance sector, as well as the financial services industry more broadly. Brzezinski is a producer for the Travelers Institute’s webinar series, which seeks to help business and risk professionals navigate today’s biggest challenges in insurance, business and leadership. Her portfolio also includes work on the Institute’s podcast and social media. Prior to joining Travelers, Brzezinski worked for more than a decade on Capitol Hill, including as Communications Director for the U.S. Senate Finance Committee, the U.S. Senate Government Affairs Committee and Press Secretary for U.S. Senator Bill Roth. She is the co-author of Comeback Careers, a blueprint for women looking to reinvent, reboot or reimagine careers at 40, 50 and beyond. She holds a Bachelor of Arts degree in Art History from Brown University and completed Masters studies in communications at Boston University. About Ryan McMahon Ryan McMahon is the Senior Vice President of Strategy & Corporate Development at Cambridge Mobile Telematics (CMT), the world’s largest telematics provider. Ryan joined CMT from the insurance industry where he held several leadership roles, introducing new products and insurance services to personal and commercial markets. Ryan is a member of CMT's executive team with responsibilities overseeing corporate development, government, and public affairs. Ryan holds a BA in Psychology from SUNY Potsdam and an MBA from Worcester Polytechnic University. About D S Simon Media: The firm is well known as a leader in the satellite media tour industry and produces tours from its studio and multiple control rooms at its New York headquarters. Clients include top brands in healthcare, technology, travel, financial services, consumer goods, entertainment, retail and non-profits. Established in 1986 the firm has won more than 100 industry awards. About YourUpdateTV: YourUpdateTV is a property of D S Simon Media. The video included and release was part of a media tour that was produced by D S Simon Media on behalf of the Travelers Institute. Dante Muccigrosso Director of Media Integration & Client Reporting E: dantem@dssimon.com C: 973.524.0104 A video accompanying this release is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96ea9c3b-7434-4a89-83c4-2cdbdf2ccd2b

HOUSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. LUNR LUNRW)) ("Intuitive Machines" or the "Company"), a leading space exploration, infrastructure, and services company, announced today that it has commenced an underwritten public offering of $65.0 million of shares of its Class A common stock ("Class A Common Stock") (the "Offering"). The Company and a selling stockholder intend to grant the underwriters a 30-day option to purchase up to an additional $8,872,500 and $877,500 of shares of Class A Common Stock from the Company and such selling stockholder, respectively. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Additionally, on December 2, 2024, the Company entered into an agreement with Boryung Corporation (together with its affiliates, "Boryung"), an accredited investor, pursuant to which the Company will sell to Boryung $10.0 million of shares of Class A Common Stock in a concurrent private placement (the "Private Placement") at a purchase price per share equal to the public offering price per share in the Offering. The offer and sale of the Company's Class A Common Stock pursuant to the Private Placement will be made in reliance upon the exemption from registration under the Securities Act of 1933, as amended, (the "Securities Act") provided by Section 4(a)(2) thereunder. The Private Placement is contingent upon the consummation of the Offering and the satisfaction of certain other customary closing conditions. The consummation of the Offering is not contingent on the consummation of the Private Placement. The Company intends to use the net proceeds it receives from the Offering and the Private Placement, together with its existing cash, cash equivalents and short-term investment balance, to acquire an equivalent number of newly-issued common units of Intuitive Machines, LLC ("Intuitive Machines OpCo") from Intuitive Machines OpCo, which Intuitive Machines OpCo will in turn use for general corporate purposes, including operations, research and development and potential mergers and acquisitions. In the event the underwriters exercise their option to purchase additional shares, the Company will not receive any of the proceeds from the sale of any shares of Class A Common Stock being sold by the selling stockholder. Intuitive Machines will bear the costs associated with the sale of such shares, other than the underwriting discounts and commissions payable by the selling stockholder. BofA Securities, Cantor, Barclays and Stifel are acting as the lead joint book-running managers for the Offering. Roth Capital Partners is acting as a book-running manager for the Offering. The offer and sale of the securities pursuant to the Offering is being made pursuant to an effective shelf registration statement that was filed with the Securities and Exchange Commission (the "SEC") and became effective on April 3, 2024. The Offering will be made only by means of a prospectus supplement and accompanying prospectus forming part of the effective registration statement relating to these securities. A copy of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained, when available, from the website of the SEC at www.sec.gov . Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained, when available, from BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; Cantor, 110 East 59th St., 6th Floor, New York, NY 10022, Attention: Capital Markets, or by email at prospectus@cantor.com; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847 or by email at barclaysprospectus@broadridge.com; or Stifel, One Montgomery Street, Suite 3700, San Francisco, California 94104, Attention: Syndicate, by telephone at (415) 364-2720 or by email at syndprospectus@stifel.com. The securities to be offered and sold in the Private Placement have not been registered under the Securities Act or any state's securities laws. Accordingly, the securities may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. The prospectus supplement and the accompanying prospectus related to the Offering are not an offer to sell or a solicitation of an offer to buy any securities in connection with the Private Placement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Intuitive Machines Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully landed the Company's Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972. The Company's products and services are offered through its four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit intuitivemachines.com. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would," "strategy," "outlook," the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our anticipated use of net proceeds from the Offering and the Private Placement; the terms and size of the Offering and the timing and manner of the Offering; the satisfaction of closing conditions related to the Private Placement; our expectations and plans relating to our lunar missions, including the expected timing of launch and our progress and preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government contracts awarded to us; our operations, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; and our expectations on revenue and cash generation. These forward-looking statements reflect the Company's predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our reliance upon the efforts of our key personnel and board of directors to be successful; our limited operating history; our failure to manage our growth effectively and failure to win new contracts; competition from existing or new companies; unsatisfactory safety performance of our spaceflight systems or security incidents at our facilities; failure of the market for commercial spaceflight to achieve the growth potential we expect; any delayed launches, launch failures, failure of our satellites or lunar landers to reach their planned orbital locations, significant increases in the costs related to launches of satellites and lunar landers, and insufficient capacity available from satellite and lunar lander launch providers; our customer concentration; our reliance on a single launch service provider; risks associated with commercial spaceflight, including any accident on launch or during the journey into space; risks associated with the handling, production and disposition of potentially explosive and ignitable energetic materials and other dangerous chemicals in our operations; our reliance on a limited number of suppliers for certain materials and supplied components; failure of our products to operate in the expected manner or defects in our sub-systems; counterparty risks on contracts entered into with our customers and failure of our prime contractors to maintain their relationships with their counterparties and fulfill their contractual obligations; failure to successfully defend protest from other bidders for government contracts; failure to comply with various laws and regulations relating to various aspects of our business and any changes in the funding levels of various governmental entities with which we do business; our failure to protect the confidentiality of our trade secrets, and unpatented know how; our failure to comply with the terms of third-party open source software our systems utilize; our ability to maintain an effective system of internal control over financial reporting, and to address and remediate material weaknesses in our internal control over financial reporting; the U.S. government's budget deficit and the national debt, as well as any inability of the U.S. government to complete its budget process for any government fiscal year, and our dependence on U.S. government contracts and funding by the government for the government contracts; our failure to comply with U.S. export and import control laws and regulations and U.S. economic sanctions and trade control laws and regulations; uncertain global macro-economic and political conditions (including as a result of a failure to raise the "debt ceiling") and rising inflation; our history of losses and failure to achieve profitability in the future or failure of our business to generate sufficient funds to continue operations; the cost and potential outcomes of potential future litigation; our public securities' potential liquidity and trading; the sufficiency and anticipated use of our existing capital resources to fund our future operating expenses and capital expenditure requirements and needs for additional financing, including the Offering and the Private Placement; and other public filings and press releases other factors detailed under the section titled Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC, the section titled Part I, Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the section titled Part II. Item 1A. "Risk Factors" in our most recently filed Quarterly Report on Form 10-Q, our Current Reports on Form 8-K and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov . These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. Contacts For investor inquiries: investors@intuitivemachines.com For media inquiries: press@intuitivemachines.com This press release was published by a CLEAR® Verified individual. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Nordson's EVP Jennifer McDonough sells $68k in stockWASHINGTON (AP) — President-elect Donald Trump's transition team on Tuesday signed an agreement to allow the Justice Department to conduct background checks on his nominees and appointees after a weeks-long delay. The step lets Trump transition aides and future administration staffers obtain security clearances before Inauguration Day to access classified information about ongoing government programs, an essential step for a smooth transiton of power. It also allows those nominees who are up for Senate confirmation to face the background checks lawmakers want before voting on them. Teams of investigators have been standing by to process clearances for Trump aides and advisers. “This agreement with the Department of Justice will ensure President Trump and his team are ready on Day 1 to begin enacting the America First Agenda that an overwhelming majority of our nation supported on Election Day," said Susie Wiles, Trump's designate to be White House chief of staff. The announcement comes a week after the Trump transition team signed an agreement with the Biden White House to allow transition staff to coordinate with the existing federal workforce before taking office on Jan. 20. The White House agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House had issued both public and private appeals for Trump’s team to sign on. Security clearances are required to access classified information, including on ongoing operations and threats to the nation, and the Biden White House and outside experts have emphasized to Trump's team the importance of having cleared personnel before Inauguration Day so they could be fully briefed and ready to run the government. Republican Senators have also insisted on FBI background checks for Trump's nominees before they face confirmation votes, as has been standard practice for decades. Lawmakers have been particularly interested in seeing the findings of reviews into Trump's designated nominee for defense secretary, former Fox News host Pete Hegseth, and for Rep. Tulsi Gabbard to be director of national intelligence. “That’s why it’s so important that we have an FBI background check, a committee review of extensive questions and questionnaires, and a public hearing,” said. Sen. Susan Collins, R-Maine on Monday. John Thune, the incoming Senate Republican leader, said the Trump team “understands there’s going to have to be a thorough vetting of all these nominees.” — AP congressional correspondent Lisa Mascaro contributed.

EuroDry stock plunges to 52-week low, hits $14.1( MENAFN - AFP) America's largest private employer, Walmart, is the latest name to join a list of US businesses and institutions rethinking programs to bolster minority groups as support for progressive policies erodes. Walmart said it will phase out the terms "diversity, equity and inclusion" (DEI) and "Latinx," end supplier diversity programs, shutter a racial equity center and pull out of a prominent gay rights index. The announcement comes in the wake of similar moves by a string of prestige brands -- from Ford, John Deere and Lowe's to Harley-Davidson and Jack Daniel's -- reflecting a backlash against so-called political correctness in American public life. The rightward shift is credited in part for populist Donald Trump's White House comeback and for laying the groundwork for a 2023 Supreme Court ruling ending affirmative action in college admissions. DEI initiatives aim to right historical discrimination but conservatives have long criticized them as unfairly targeting white people, particularly men, as well as being performative "virtue-signaling." Anti-DEI activist Robby Starbuck, who lobbied Walmart before its announcement, celebrated the "biggest win yet for our movement to end wokeness in corporate America" and noted that the company's stock had risen 2.1 percent. "Our movement is a force in the market. Go woke, go broke actually has meaning now," he posted on X. - 'Down everybody's throats' - Starbuck, 35, told AFP in an interview before Trump's November 5 victory over Democrat Kamala Harris -- who was criticized for previous "woke" policy positions -- that ordinary Americans were sick of inclusivity and diversity policies at US companies. "People are entitled to their views, and we need to have a system that creates equal footing for everybody and doesn't force any one ideology down everybody's throats," he said. Emboldened by Trump's campaign pledges to end "wokeness," conservative groups have been filing numerous lawsuits targeting corporate and federal programs aimed at elevating minorities and women. Trump himself focused mostly on political correctness that he says is infecting the nation's classrooms, promising executive orders to cut federal funding schools pushing critical race theory and "transgender insanity." The president-elect has surrounded himself with anti-woke allies of all stripes, including his incoming deputy policy chief Stephen Miller, whose America First Legal group has targeted corporate diversity. The military has been the main target of anti-woke crusaders in the US Congress, who argue that racial justice education and an obsession with climate change have made the troops go soft and driven a recruitment slump. Republican lawmakers who spent much of the last congressional session locked in a war with Pentagon leaders on political-correctness were rewarded with Trump's pick to lead the defense department's workforce of three million -- anti-DEI Fox News host Pete Hegseth. - 'We aren't perfect' - Conservative activists hailed 2023 as a landmark year in America's never-ending culture wars, when the conservative-majority Supreme Court ended affirmative action in university admissions, reversing a major gain of the 1960s Civil Rights Movement. Conservative groups pounced on the ruling to fight all manner of diversity programs in court. And in March, the University of Florida ended DEI programs and related jobs as part of Republican Governor Ron DeSantis's offensive against "woke ideology" -- joining campuses in around a dozen other states. Workers are divided on the merits of DEI, with a slowly-growing share saying their company pays too much attention to the issue -- 19 percent in an October Pew Research Center poll compared with 14 percent in the same survey in February 2023. But a new poll of 1,300 employees from business think tank The Conference Board, showed a robust 58 percent indicating that their organization devotes the appropriate level of effort on DEI. "Leaders should focus on what really matters for their workforce amid the noise, as these initiatives are crucial for attracting and retaining current and future talent," said Allan Schweyer, the group's principal Researcher for human capital. MENAFN27112024000143011026ID1108934300 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.