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Liquid - Tight Flexible Non - Metallic Conduit Market Outlook and Future Projections for 2030Rockfire Resources plc ( LON:ROCK – Get Free Report )’s share price traded down 8.9% during trading on Friday . The company traded as low as GBX 0.16 ($0.00) and last traded at GBX 0.16 ($0.00). 40,381,969 shares changed hands during mid-day trading, an increase of 91% from the average session volume of 21,155,254 shares. The stock had previously closed at GBX 0.18 ($0.00). Rockfire Resources Price Performance The company has a fifty day moving average price of GBX 0.13 and a 200 day moving average price of GBX 0.15. The stock has a market cap of £5.07 million, a P/E ratio of -2.20 and a beta of 0.38. About Rockfire Resources ( Get Free Report ) Rockfire Resources plc, together with its subsidiaries, engages in the mineral exploration in Australia. The company explores for gold, silver, copper, zinc, lead, and molybdenum deposits. It holds five exploration permits for minerals in Queensland; and an exploration and exploitation license in Greece. Featured Stories Receive News & Ratings for Rockfire Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockfire Resources and related companies with MarketBeat.com's FREE daily email newsletter .Funeral for Jimmy Carter: What happens when a president dies?WASHINGTON (AP) — Jason Drake had 21 points in Drexel's 68-65 victory over Howard on Tuesday night. Drake shot 8 for 17 (1 for 5 from 3-point range) and 4 of 4 from the free-throw line for the Dragons (8-4). Yame Butler went 6 of 10 from the field (3 for 7 from 3-point range) to add 16 points. Marcus Dockery led the Bison (5-7) in scoring, finishing with 14 points and two steals. Blake Harper added 11 points, nine rebounds and five assists. Cameron Shockley-Okeke had 10 points. Drexel went into halftime leading Howard 36-34. Butler put up 10 points in the half. Drexel used an 8-0 run in the second half to build an 11-point lead at 49-38 with 13:07 left. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

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( MENAFN - GlobeNewsWire - Nasdaq) The global loading spout market is set for significant growth, driven by industrial expansion, automation, and environmental regulations. Key regions such as East Asia, North America, and Western Europe will lead the market, with technological advancements boosting demand. NEWARK, Del, Dec. 29, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global sales of loading spouts , a crucial component in bulk material handling systems, are set to witness significant growth in the coming years. The market is estimated to be worth USD 4,283.2 Million in 2024 and is projected to grow at a robust Compound Annual Growth Rate (CAGR) of 5.32% during the forecast period from 2024 to 2034, reaching a value of USD 8,324.3 Million by the end of the decade. This growth is being driven by the increasing demand for efficient and sustainable solutions in logistics, mining, and bulk material handling across various industries. The loading spout market is experiencing rapid growth due to several factors, including the rise in global trade, infrastructure development, and a focus on reducing operational costs and environmental impacts. The growing need for optimized bulk material handling systems, particularly in sectors such as food grains, minerals, cement, and shipping, is fueling the demand for loading spouts. One of the key drivers for the market's growth is the increasing demand for scalable, efficient, and dust-free loading and unloading of materials. Loading spouts are designed to enhance productivity and reduce material losses by ensuring that the handling process remains clean, safe, and efficient. Their ability to handle materials such as grains, powders, and minerals without excessive spillage or dust is a key advantage, particularly in industries where these factors are critical. Technological Advancements and Efficiency Boosting Market Demand Technological advancements in loading spout design are another major factor propelling market growth. The loading spout is equipped with flexible extension and retraction capabilities, which make it suitable for diverse loading requirements. These spouts are designed to be easy to install, adaptable to various types of materials, and able to provide controlled material flow, reducing the risk of spillage and dust emissions. As industries continue to focus on reducing operational downtime and improving material efficiency, leading manufacturers in the loading spout sector are increasingly implementing cutting-edge technologies. This includes innovations that reduce operational costs and enhance the lifespan of the equipment. With a lifespan of up to 10 years or longer, loading spouts provide durable and long-term solutions, making them an attractive choice for industries that rely on bulk material handling . Addressing the Challenges with Innovative Solutions One of the most significant challenges in traditional loading systems is material spillage and dust emissions during the loading process. This leads to operational inefficiencies, product loss, and environmental compliance issues. Such problems not only drive up operational costs but also create safety hazards, ultimately reducing overall productivity and profitability. To address these challenges, manufacturers are focusing on developing innovative loading spout solutions that minimize dust and material losses. These new solutions include advanced features such as automated controls, self-adjusting nozzles, and energy-efficient designs. As these technologies become more prevalent, companies are increasingly adopting them to enhance material handling operations while ensuring compliance with stringent environmental regulations. Sustainability is becoming a key focus for many industries, and the loading spout market is no exception. The rising awareness of the environmental and health impacts of dust pollution has prompted industries to seek more eco-friendly and energy-efficient loading solutions. The growing emphasis on reducing carbon emissions and ensuring that bulk material handling processes meet environmental regulations is driving the demand for advanced loading spouts that offer both operational efficiency and environmental compliance. Manufacturers in the loading spout industry are increasingly focusing on developing solutions that address these concerns. Eco-friendly loading spouts that minimize dust emissions and reduce material wastage are becoming increasingly popular, particularly in industries with strict environmental regulations. “As industries continue to expand and adopt more efficient and environmentally responsible practices, the loading spout industry is expected to play a critical role in shaping the future of bulk material handling across a wide range of sectors. With innovations aimed at reducing operational costs, enhancing material flow, and improving environmental compliance, the loading spout market is poised to meet the evolving needs of industries worldwide,” - opines Nikhil Kaitwade , Associate Vice President at Future Market Insights (FMI). Key Takeaways from the Report: Explore Report Details for More Valuable Insights! Competitive Landscape and Market Outlook The global loading spout industry is highly competitive, with a mix of established material handling equipment manufacturers and specialized companies focusing on bulk loading technologies. This competitive landscape is encouraging innovation, with manufacturers striving to develop more advanced, efficient, and application-specific loading spout designs. As global trade continues to expand and industries push for more automation and operational efficiency, the demand for advanced loading spout technologies is expected to remain strong. The focus on improving throughput rates, reducing material losses, and enhancing worker safety will continue to shape the market's future growth trajectory. Leading Industry Players: Market Segmentation Analysis: By Loading System: By Product Type: By End Users: By Region: Spanish Translation: Según Future Market Insights (FMI), las ventas globales de bocas de carga , un componente crucial en los sistemas de manipulación de materiales a granel, experimentarán un crecimiento significativo en los próximos años. Se estima que el mercado tendrá un valor de USD 4283,2 millones en 2024 y se proyecta que crecerá a una sólida tasa de crecimiento anual compuesta (CAGR) del 5,32 % durante el período de pronóstico de 2024 a 2034, alcanzando un valor de USD 8324,3 millones para fines de la década. Este crecimiento está siendo impulsado por la creciente demanda de soluciones eficientes y sostenibles en logística, minería y manipulación de materiales a granel en varias industrias. El mercado de las bocas de carga está experimentando un rápido crecimiento debido a varios factores, entre ellos el aumento del comercio mundial, el desarrollo de infraestructuras y el enfoque en la reducción de los costos operativos y los impactos ambientales. La creciente necesidad de sistemas optimizados de manipulación de materiales a granel, en particular en sectores como los cereales, los minerales, el cemento y el transporte marítimo, está impulsando la demanda de bocas de carga. Uno de los principales impulsores del crecimiento del mercado es la creciente demanda de una carga y descarga de materiales escalable, eficiente y sin polvo. Las bocas de carga están diseñadas para mejorar la productividad y reducir las pérdidas de material al garantizar que el proceso de manipulación se mantenga limpio, seguro y eficiente. Su capacidad para manipular materiales como granos, polvos y minerales sin derrames excesivos ni polvo es una ventaja clave, en particular en industrias donde estos factores son críticos. Los avances tecnológicos y la eficiencia impulsan la demanda del mercado Los avances tecnológicos en el diseño de las bocas de carga son otro factor importante que impulsa el crecimiento del mercado. La boca de carga está equipada con capacidades flexibles de extensión y retracción, lo que la hace adecuada para diversos requisitos de carga. Estas bocas están diseñadas para ser fáciles de instalar, adaptables a varios tipos de materiales y capaces de proporcionar un flujo de material controlado, lo que reduce el riesgo de derrames y emisiones de polvo. A medida que las industrias continúan enfocándose en reducir el tiempo de inactividad operativa y mejorar la eficiencia de los materiales, los fabricantes líderes en el sector de las bocas de carga están implementando cada vez más tecnologías de vanguardia. Esto incluye innovaciones que reducen los costos operativos y mejoran la vida útil del equipo. Con una vida útil de hasta 10 años o más, las bocas de carga brindan soluciones duraderas y a largo plazo, lo que las convierte en una opción atractiva para las industrias que dependen del manejo de materiales a granel . Abordar los desafíos con soluciones innovadoras Uno de los desafíos más importantes de los sistemas de carga tradicionales es el derrame de material y las emisiones de polvo durante el proceso de carga. Esto genera ineficiencias operativas, pérdida de producto y problemas de cumplimiento de las normas medioambientales. Estos problemas no solo aumentan los costos operativos, sino que también generan riesgos de seguridad, lo que en última instancia reduce la productividad y la rentabilidad generales. Para abordar estos desafíos, los fabricantes se están centrando en el desarrollo de soluciones innovadoras de bocas de carga que minimicen la pérdida de polvo y de material. Estas nuevas soluciones incluyen características avanzadas como controles automatizados, boquillas autoajustables y diseños energéticamente eficientes. A medida que estas tecnologías se vuelven más frecuentes, las empresas las adoptan cada vez más para mejorar las operaciones de manipulación de materiales y, al mismo tiempo, garantizar el cumplimiento de las estrictas normas medioambientales. El papel de la sostenibilidad en la configuración del crecimiento del mercado La sostenibilidad se está convirtiendo en un tema clave para muchas industrias, y el mercado de las bocas de carga no es una excepción. La creciente conciencia sobre los impactos ambientales y de salud de la contaminación por polvo ha impulsado a las industrias a buscar soluciones de carga más ecológicas y energéticamente eficientes. El creciente énfasis en la reducción de las emisiones de carbono y en garantizar que los procesos de manipulación de materiales a granel cumplan con las regulaciones ambientales está impulsando la demanda de bocas de carga avanzadas que ofrezcan tanto eficiencia operativa como cumplimiento ambiental. Los fabricantes de la industria de las tuberías de carga se centran cada vez más en el desarrollo de soluciones que aborden estas preocupaciones. Las tuberías de carga ecológicas que minimizan las emisiones de polvo y reducen el desperdicio de material son cada vez más populares, en particular en industrias con estrictas regulaciones ambientales. Conclusiones clave del informe: “A medida que las industrias continúan expandiéndose y adoptando prácticas más eficientes y responsables con el medio ambiente, se espera que la industria de las bocas de carga desempeñe un papel fundamental en la configuración del futuro del manejo de materiales a granel en una amplia gama de sectores. Con innovaciones destinadas a reducir los costos operativos, mejorar el flujo de materiales y mejorar el cumplimiento ambiental, el mercado de las bocas de carga está preparado para satisfacer las necesidades cambiantes de las industrias en todo el mundo”, opina Nikhil Kaitwade , vicepresidente asociado de Future Market Insights (FMI). Panorama competitivo y perspectivas del mercado La industria mundial de las bocas de carga es altamente competitiva, con una combinación de fabricantes de equipos de manipulación de materiales establecidos y empresas especializadas que se centran en tecnologías de carga a granel. Este panorama competitivo fomenta la innovación, y los fabricantes se esfuerzan por desarrollar diseños de bocas de carga más avanzados, eficientes y específicos para cada aplicación. A medida que el comercio mundial continúa expandiéndose y las industrias presionan por una mayor automatización y eficiencia operativa, se espera que la demanda de tecnologías avanzadas de bocas de carga se mantenga fuerte. El enfoque en mejorar las tasas de rendimiento, reducir las pérdidas de material y mejorar la seguridad de los trabajadores seguirá dando forma a la trayectoria de crecimiento futuro del mercado. Principales actores de la industria: Análisis de segmentación del mercado: Por sistema de carga: Por tipo de producto: Por los usuarios finales: Por región: About Future Market Insights (FMI) – Industrial Automation The industrial automation division of Future Market Insights (FMI) offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects. Author by: Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries. His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making. Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times. Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain: The global material handling equipment market is expected to be valued at USD 6,555.9 Million in 2033. The global stationary battery storage industry is projected to grow from an estimated USD 18,443.8 Million in 2024. The global gas detection equipment market size is to exceed USD 6,801.6 Million in 2034. The global industrial safety gloves market share will surpass USD 13.5 Billion by 2034. The global scissor lift industry size is projected to reach a value of USD 4251.7 Million by 2034. The global oil and gas seal industry value is forecasted to surpass USD 1871.8 Million in 2034. The global inflatable tent sales are projected to grow at a CAGR of 7.5% during the forecast period 2024 to 2034. The global variable air volume systems demand is expected to surge at 10.2% CAGR in the forecast period from 2024 to 2034. The global head protection equipment industry revenue to reach USD 8.4 Billion mark by 2034. The global test and measurement equipment industry revenue share will cross USD 61,534.3 Million by 2034. Explore the latest news on Locomotive Drive Shaft Market Outlook: 2024-2034 About Future Market Insights (FMI): Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, USA and India. FMI's latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise. Contact Us: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-347-918-3531 For Sales Enquiries: ... Website: LinkedIn | Twitter | Blogs | YouTube MENAFN29122024004107003653ID1109040082 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.

OTTAWA — Prime Minister Justin Trudeau is taking some time to reflect after Chrystia Freeland's bombshell resignation, the natural resources minister said on Tuesday. "The prime minister, as I understand it, a number of caucus colleagues have said that the prime minister has said that he will reflect on both the decision that minister Freeland made, but also what he's heard from members of his own caucus," Jonathan Wilkinson said. "I think we all need to give him a little time to reflect, and I respect that fact that he's going to take some time to reflect." Freeland quit as finance minister on Monday morning just hours before she was set to present the government's fall economic statement. That kicked off a day of turmoil on Parliament Hill that began with a morning cabinet meeting and wrapped with an evening meeting of the Liberal caucus, where some members called for Trudeau to step aside as party leader. That includes New Brunswick MP Wayne Long, one of 23 caucus members who signed a letter back in October calling for Trudeau to quit. "We certainly have more MPs than last time. So, if I had to guess how many more right now, I'd say we're probably at 40 to 50 right now," Long said. "But there's a lot more than that. I mean, this is so different than times before." The attempt to oust Trudeau earlier in the fall took up a great deal of oxygen on Parliament Hill, but ultimately failed to garner support from inside the cabinet. This time, Long said, at least five cabinet ministers believe it's time for a change at the top. "I certainly am one to say to my colleagues, to ministers in particular: 'Let's come out of the shadows,'" Long said. "Let's openly, once and for all, state how we feel and let's move forward with what we know has to happen." After the failed coup in October, Liberal MPs told reporters they believed Trudeau was taking time to reflect. But the very next day, he publicly stated his intention to stay on as leader at a press conference. The Liberals have faced three non-confidence votes in the House of Commons this fall and have struggled to advance legislation because of a filibuster on a Conservative privilege motion related to misspending at a now-defunct green technology fund. On Tuesday, Conservative Leader Pierre Poilievre once again called on NDP Leader Jagmeet Singh to topple the government, criticizing him for voting against the latest non-confidence motion last week. Poilievre said Canada needs a new prime minister because U.S. president-elect Donald Trump can smell weakness from a mile away and the Trudeau government is weak. Bloc Québécois Leader Yves-François Blanchet also said a new Parliament is needed "as soon as possible," and he wants to see an election called in January. Blanchet said Trudeau has lost the political, moral and ethical authority to govern. He said the election should happen as soon as possible in the new year because Canadians do not want a campaign over the holiday season. On Monday, Singh called for Trudeau to step down but did not make a firm comment on whether the NDP would declare non-confidence in the Liberal government. Instead, Singh said "all options are on the table." The NDP, which ended a formal supply-and-confidence agreement to support the Liberals in September, has since voted with the government on all three non-confidence motions. Singh has repeatedly said a Poilievre-led Conservative government would cut things New Democrats have fought for like dental care, pharmacare and other social programs. The Tories are also calling on the House of Commons trade committee to study the tariff threat between the week of Jan. 6 and Jan. 20, the date of Trump's inauguration. The House of Commons is expected to rise for the holiday break on Tuesday and return on January 27. In her resignation letter, Freeland said she's been at odds with Trudeau in the last few weeks over the government's fiscal priorities. She said the government should do away with costly "political gimmicks" and instead set money aside to deal with a potential tariff war with the U.S. Dominic LeBlanc was sworn in as the new finance minister Monday, minutes after the government's fall economic statement was released. The economic update shows the deficit has grown to nearly $62 billion, far beyond the $40-billion target Freeland set earlier this year. It includes $1.3 billion in new spending on measures to beef up the border in response to Trump's threat to impose 25 per cent tariff threats on Canadian goods. LeBlanc, who is also in charge of intergovernmental affairs and democratic institutions, says his main priority as finance minister will be to address affordability issues. He will also continue to oversee the public safety file, implementing new border measures, until Trudeau holds a broader cabinet shuffle. That's expected to happen soon in order to replace ministers who have announced they won't seek re-election. This report by The Canadian Press was first published Dec. 17, 2024. — With files from Nick Murray and Michel Saba David Baxter, The Canadian PressRockfire Resources plc ( LON:ROCK – Get Free Report ) shares fell 8.9% during mid-day trading on Friday . The company traded as low as GBX 0.16 ($0.00) and last traded at GBX 0.16 ($0.00). 40,381,969 shares changed hands during mid-day trading, an increase of 91% from the average session volume of 21,155,254 shares. The stock had previously closed at GBX 0.18 ($0.00). Rockfire Resources Stock Performance The business has a 50 day simple moving average of GBX 0.13 and a 200-day simple moving average of GBX 0.15. The firm has a market capitalization of £5.07 million, a price-to-earnings ratio of -2.20 and a beta of 0.38. About Rockfire Resources ( Get Free Report ) Rockfire Resources plc, together with its subsidiaries, engages in the mineral exploration in Australia. The company explores for gold, silver, copper, zinc, lead, and molybdenum deposits. It holds five exploration permits for minerals in Queensland; and an exploration and exploitation license in Greece. See Also Receive News & Ratings for Rockfire Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockfire Resources and related companies with MarketBeat.com's FREE daily email newsletter .

New Complaint Contends 'Vaporware' Strategy and Systematic Anti-Competitive Practices Destroyed Competition for Internet Connectivity in Business Aviation CHARLOTTE, N.C. , Dec. 17, 2024 /PRNewswire/ -- SmartSky Networks, LLC today filed a comprehensive antitrust lawsuit against Gogo, Inc. and Gogo Business Aviation, LLC ($GOGO) in the U.S. District Court for the Western District of North Carolina (Case 3:24-cv-01087), alleging illegal monopolistic practices in the air-to-ground (ATG) broadband inflight connectivity market for business aviation. The lawsuit alleges multiple violations of federal antitrust laws, including the Sherman Act and Clayton Act, as well as North Carolina state tort laws and the Unfair and Deceptive Trade Practices Act, claiming that Gogo engaged in predatory pricing, misleading advertising, and exclusive dealing agreements to maintain its monopoly position in the ATG market. SmartSky is pursuing this case to protect innovation as well as to seek justice for unfair business practices. The company's complaint contends that a systematic campaign of misinformation and exclusive dealing arrangements effectively blocked SmartSky's access to critical distribution channels and created insurmountable barriers to market entry, stifling the innovation and competition customers depend on. The lawsuit seeks substantial damages potentially exceeding $1 billion . The legal action aims to address the alleged harm to competition and consumers in the aviation connectivity market. This new Complaint is separate and apart from the Intellectual Property case (Case 1:22-cv-00266-JLH) SmartSky previously filed against Gogo in Delaware . The trial of that case is scheduled to begin in April, 2025. SmartSky is represented by Rik Tozzi , of Burr & Forman, LLP. About SmartSky Until ceasing business operations in August, 2024, SmartSky Networks, LLC was an aviation technology company that developed and launched an innovative air-to-ground network for business aviation, offering superior connectivity solutions through advanced telecommunications technology and infrastructure. View original content: https://www.prnewswire.com/news-releases/smartsky-files-1b-antitrust-lawsuit-alleging-gogo-business-aviation-acted-as-an-abusive-monopolist-302334142.html SOURCE SmartSky Networks

Croatia's president faces conservative rival in election run-offEnergean plc ( LON:ENOG – Get Free Report )’s stock price was up 0.4% during trading on Friday . The company traded as high as GBX 1,031 ($12.97) and last traded at GBX 1,016 ($12.78). Approximately 173,076 shares were traded during trading, a decline of 70% from the average daily volume of 581,400 shares. The stock had previously closed at GBX 1,012 ($12.73). Analyst Upgrades and Downgrades Separately, Berenberg Bank downgraded Energean to a “hold” rating and dropped their price target for the stock from GBX 1,175 ($14.79) to GBX 1,045 ($13.15) in a research report on Thursday, December 5th. Get Our Latest Stock Report on Energean Energean Stock Up 0.4 % Energean Announces Dividend The company also recently declared a dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 2.17%. Energean’s dividend payout ratio (DPR) is presently 7,826.09%. Insider Activity at Energean In other Energean news, insider Matthaios Rigas purchased 40,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average cost of GBX 850 ($10.70) per share, with a total value of £340,000 ($427,834.40). Insiders own 24.40% of the company’s stock. Energean Company Profile ( Get Free Report ) Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license. Featured Articles Receive News & Ratings for Energean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energean and related companies with MarketBeat.com's FREE daily email newsletter .

Team claims NASCAR rescinded approval to buy new charter unless federal antitrust suit is dropped

CHARLOTTE, N.C. (AP) — Front Row Motorsports, one of two teams suing NASCAR in federal court, accused the stock car series Thursday of rejecting the planned purchase of a valuable charter unless the lawsuit was dropped. Front Row made the claim in a court filing and said it involved its proposed purchase of the charter from Stewart-Haas Racing. Front Row said the series would only approve it if Front Row and 23XI Racing dropped their court case. “Specifically, NASCAR informed us that it would not approve the (charter) transfer unless we agreed to drop our current antitrust lawsuit against them,” Jerry Freeze, general manager of Front Row, said in an affidavit filed in the U.S. District Court of Western North Carolina. The two teams in September refused to sign NASCAR's “take-it-or-leave-it” final offer on a new revenue sharing agreement. All other 13 teams signed the deal. Front Row and 23XI balked and are now in court. 23XI co-owner Michael Jordan has said he took the fight to court on behalf of all teams competing in the top motorsports series in the United States. NASCAR has argued that the two teams simply do not like the terms of the final charter agreement and asked for the lawsuit be dismissed. Earlier this week, the suit was transferred to a different judge than the one who heard the first round of arguments and ruled against the two teams in their request for a temporary injunction to be recognized in 2025 as chartered teams as the case proceeds. The latest filing is heavily redacted as it lays out alleged retaliatory actions by NASCAR the teams say have caused irreparable harm. Both Front Row and 23XI want to expand from two full-time cars to three, and have agreements with SHR to purchase one charter each as SHR goes from four cars to one for 2025. The teams can still compete next season but would have to do so as “open” teams that don't have the same protections or financial gains that come from holding a charter. Freeze claimed in the affidavit that Front Row signed a purchase agreement with SHR in April and NASCAR President Steve Phelps told Freeze in September the deal had been approved. But when Front Row submitted the paperwork last month, NASCAR began asking for additional information. A Dec. 4 request from NASCAR was “primarily related to our ongoing lawsuit with NASCAR,” Freeze said. “NASCAR informed us on December 5, 2024, that it objected to the transfer and would not approve it, in contrast to the previous oral approval for the transfer confirmed by Phelps before we filed the lawsuit,” Freeze said. “NASCAR made it clear that the reason it was now changing course and objecting to the transfer is because NASCAR is insisting that we drop the lawsuit and antitrust claims against it as a condition of being approved.” A second affidavit from Steve Lauletta, the president of 23XI Racing, claims NASCAR accused 23XI and Front Row of manufacturing “new circumstances” in a renewed motion for an injunction and of a “coordinated effort behind the scenes.” “This is completely false,” Lauletta said. Front Row is owned by businessman Bob Jenkins, while 23XI is owned by retired NBA Hall of Famer Jordan, three-time Daytona 500 winner Denny Hamlin and longtime Jordan adviser Curtis Polk. NASCAR had been operating with 36 chartered teams and four open spots since the charter agreement began in 2016. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. The teams contend they must be chartered under some of their contractual agreements with current sponsors and drivers, and competing next year as open teams will cause significant losses. “23XI exists to compete at the highest level of stock car racing, striving to become the best team it can be. But that ambition can only be pursued within NASCAR, which has monopolized the market as the sole top-tier circuit for stock car racing,” Lauletta said. "Our efforts to expand – purchasing more cars and increasing our presence on the track – are integral to achieving this goal. “It is not hypocritical to operate within the only system available while striving for excellence and contending for championships,” he continued. “It is a necessity because NASCAR’s monopoly leaves 23XI no alternative circuit, no different terms, and no other viable avenue to compete at this level.” AP auto racing: https://apnews.com/hub/auto-racing

Jason Kelce reveals what he'll get brother Travis and Taylor Swift for Christmas READ MORE: Daniel Jones listed on rival NFL team's roster minutes after release By ERIC BLUM Published: 17:02 EST, 22 November 2024 | Updated: 17:04 EST, 22 November 2024 e-mail 36 shares View comments Taylor Swift 's Christmas gift from Jason Kelce will not be bought in a store, as he detailed his idea for a homemade present for his brother's girlfriend. Swift is a hard person to shop for according to Kelce, who has dated his younger brother Travis Kelce for over a year. Her status as one of the most famous people on Earth gives her the ability to buy anything she desires. So, to give her something memorable, the ESPN analyst wants to give her something money cannot buy. 'You gotta go to handmade gifts, something sentimental that is near and dear to them,' Kelce said on Jimmy Kimmel 's late-night talk show. ' I’ve never done it, but I think it would work really well.' 'I’ve got something up my sleeve this year. I think a macaroni necklace. It works on me with my kids very well.' Kimmel then turned that idea into a trend for Swift's fans. Swift has been dating Travis Kelce for a year with his brother Jason prepping a Christmas gift Kelce has suggested he would make a homemade gift for Swift due to her popular status Read More Antonio Brown reveals bizarre reason he posted Gisele pics amid feud with Tom Brady 'It would be funny if you make Taylor a macaroni necklace... and then all of the sudden millions of girls are wearing macaroni necklaces,' Kimmel added. 'Friendship macaroni necklaces, we just started a trend,' Kelce responded. Kelce was on Kimmel's show to promote his new late-night sports show that will begin in January on ESPN. In the past, Travis and Taylor have exchanged lavish gifts, especially when the 'Anti-Hero' singer was on her 'Eras Tour' in Europe. Swift have five dates left on her worldwide tour. It'll be interest to see if any of her fans are wearing macaroni necklaces at any of those Canadian shows. Earth Jimmy Kimmel Jason Kelce Travis Kelce Share or comment on this article: Jason Kelce reveals what he'll get brother Travis and Taylor Swift for Christmas e-mail 36 shares Add comment

SmartSky Files $1B+ Antitrust Lawsuit Alleging Gogo Business Aviation Acted as an "Abusive Monopolist"CHARLOTTE, N.C. – Front Row Motorsports, one of two teams suing NASCAR in federal court, accused the stock car series Thursday of rejecting the planned purchase of a valuable charter unless the lawsuit was dropped. Front Row made the claim in a court filing and said it involved its proposed purchase of the charter from Stewart-Haas Racing. Front Row said the series would only approve it if Front Row and 23XI Racing dropped their court case. Recommended Videos “Specifically, NASCAR informed us that it would not approve the (charter) transfer unless we agreed to drop our current antitrust lawsuit against them,” Jerry Freeze, general manager of Front Row, said in an affidavit filed in the U.S. District Court of Western North Carolina. The two teams in September refused to sign NASCAR's “take-it-or-leave-it” final offer on a new revenue sharing agreement. All other 13 teams signed the deal. Front Row and 23XI balked and are now in court. 23XI co-owner Michael Jordan has said he took the fight to court on behalf of all teams competing in the top motorsports series in the United States. NASCAR has argued that the two teams simply do not like the terms of the final charter agreement and asked for the lawsuit be dismissed. Earlier this week, the suit was transferred to a different judge than the one who heard the first round of arguments and ruled against the two teams in their request for a temporary injunction to be recognized in 2025 as chartered teams as the case proceeds. The latest filing is heavily redacted as it lays out alleged retaliatory actions by NASCAR the teams say have caused irreparable harm. Both Front Row and 23XI want to expand from two full-time cars to three, and have agreements with SHR to purchase one charter each as SHR goes from four cars to one for 2025. The teams can still compete next season but would have to do so as “open” teams that don't have the same protections or financial gains that come from holding a charter. Freeze claimed in the affidavit that Front Row signed a purchase agreement with SHR in April and NASCAR President Steve Phelps told Freeze in September the deal had been approved. But when Front Row submitted the paperwork last month, NASCAR began asking for additional information. A Dec. 4 request from NASCAR was “primarily related to our ongoing lawsuit with NASCAR,” Freeze said. “NASCAR informed us on December 5, 2024, that it objected to the transfer and would not approve it, in contrast to the previous oral approval for the transfer confirmed by Phelps before we filed the lawsuit,” Freeze said. “NASCAR made it clear that the reason it was now changing course and objecting to the transfer is because NASCAR is insisting that we drop the lawsuit and antitrust claims against it as a condition of being approved.” A second affidavit from Steve Lauletta, the president of 23XI Racing, claims NASCAR accused 23XI and Front Row of manufacturing “new circumstances” in a renewed motion for an injunction and of a “coordinated effort behind the scenes.” “This is completely false,” Lauletta said. Front Row is owned by businessman Bob Jenkins, while 23XI is owned by retired NBA Hall of Famer Jordan, three-time Daytona 500 winner Denny Hamlin and longtime Jordan adviser Curtis Polk. NASCAR had been operating with 36 chartered teams and four open spots since the charter agreement began in 2016. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. The teams contend they must be chartered under some of their contractual agreements with current sponsors and drivers, and competing next year as open teams will cause significant losses. “23XI exists to compete at the highest level of stock car racing, striving to become the best team it can be. But that ambition can only be pursued within NASCAR, which has monopolized the market as the sole top-tier circuit for stock car racing,” Lauletta said. "Our efforts to expand – purchasing more cars and increasing our presence on the track – are integral to achieving this goal. “It is not hypocritical to operate within the only system available while striving for excellence and contending for championships,” he continued. “It is a necessity because NASCAR’s monopoly leaves 23XI no alternative circuit, no different terms, and no other viable avenue to compete at this level.” ___ AP auto racing: https://apnews.com/hub/auto-racingJimmy Carter, the 39th US president, has died at 100

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