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‘A safe pair of hands’: Why markets are loving Trump treasury secretary pick Scott BessentThe chair of the Democratic National Committee informed party leaders on Monday that the DNC will choose his successor in February, an election that will speak volumes about how the party wants to present itself during four more years of Donald Trump in the White House. Jaime Harrison, in a letter to members of the party’s powerful Rules & Bylaws Committee, outlined the process of how the party will elect its new chair. Harrison said in the letter that the committee will host four candidate forums — some in person and some virtually — in January, with the final election on Feb. 1 during the party’s winter meeting in National Harbor, Maryland. The race to become the next chair of the Democratic National Committee, while an insular party affair, will come days after Trump is inaugurated for a second term. Democrats' selection of a leader after Vice President Kamala Harris’ 2024 loss will be a key starting point as the party starts to move forward, including addressing any structural problems and determining how to oppose Trump. Members of the Rules & Bylaws Committee will meet on Dec. 12 to establish the rules for these elections, which beyond the chair position will include top party roles like vice chairs, treasurer, secretary and national finance chair. The committee will also use that meeting to decide the requirements for gaining access to the ballot for those top party roles. In 2021, candidates were required to submit a nominating statement that included signatures from 40 DNC members and that will likely be the same standard for the 2025 campaigns. “The DNC is committed to running a transparent, equitable, and impartial election for the next generation of leadership to guide the party forward,” Harrison said in a statement. “Electing the Chair and DNC officers is one of the most important responsibilities of the DNC Membership, and our staff will run an inclusive and transparent process that gives members the opportunity to get to know the candidates as they prepare to cast their votes.” Two Democrats have announced campaigns for chair: Ken Martin, chair of the Minnesota Democratic-Farmer-Labor Party and a vice chair of the national party, and Martin O’Malley, the former Maryland governor and current commissioner of the Social Security Administration. Other top Democrats are either considering a run to succeed Harrison or are being pushed by party insiders, including former Texas Rep. Beto O’Rourke; Michael Blake, a former vice chair of the party; Ben Wikler, chair of the Democratic Party of Wisconsin; Rahm Emanuel, the U.S. ambassador to Japan and a former Chicago mayor; Sen. Mallory McMorrow, majority whip of the Michigan Senate, and Chuck Rocha, a longtime Democratic strategist. The next chair of the committee will be tasked with rebuilding a party demoralized by a second Trump victory. They will also oversee the party’s 2028 nominating process, a complex and contentious exercise that will make the chair central to the next presidential election. Harrison, of South Carolina, made clear in his letter to the rules committee that the four forums hosted by the party would be live streamed and the party would give grassroots Democrats across the country the ability to engage with the process through those events. He also said he intends to remain neutral during the chair election.
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PORT-AU-PRINCE, Haiti (AP) — Haiti’s online media association said two reporters were killed and several others were wounded in a gang attack on Tuesday on the reopening of Port-au-Prince’s biggest public hospital. Street gangs have taken over an estimated 85% of Haiti’s capital, Port-au-Prince, and they forced the closure of the General Hospital early this year. Authorities had pledged to reopen the facility Tuesday but as journalists gathered to cover the event, suspected gang members opened fire in a vicious Christmas Eve attack. Robest Dimanche, a spokesman for the Online Media Collective, identified the dead journalists as Markenzy Nathoux and Jimmy Jean. Dimanche said an unspecified number of reporters had also been wounded in the attack, which he blamed on the Viv Ansanm coalition of gangs. Haiti’s interim president, Leslie Voltaire, said in an address to the nation that journalists and police were among the victims of the attack. He did not specify how many casualties there were, or give a breakdown for the dead or wounded. “I send my sympathies to the people who were victims, the national police and the journalists,” Voltaire said, pledging “this crime is not going to go unpunished.” A video posted online by the reporters trapped inside the hospital showed what appeared to be two lifeless bodies of men on stretchers, their clothes bloodied. One of the men had a lanyard with a press credential around his neck. Radio Télé Métronome initially reported that seven journalists and two police officers were wounded. Police and officials did not immediately respond to calls for information on the attack. Street gangs have taken over an estimated 85% of Haiti’s capital, Port-au-Prince. They forced the closure of the General Hospital early this year during violence that also targeted the main international airport and Haiti’s two largest prisons. Authorities had pledged to reopen the facility Tuesday but as journalists gathered to cover the event, suspected gang members opened fire. Video posted online earlier showed reporters inside the building and at least three lying on the floor, apparently wounded. That video could also not be immediately verified. Johnson “Izo” André, considered Haiti’s most powerful gang leader and part of a gang known as Viv Ansanm, which that has taken control of much of Port-au-Prince , posted a video on social media claiming responsibility for the attack. The video said the gang coalition had not authorized the hospital’s reopening. Haiti has seen journalists targeted before. In 2023, two local journalists were killed in the space of a couple of weeks — radio reporter Dumesky Kersaint was fatally shot in mid-April that year, while journalist Ricot Jean was found dead later that month. In July, former Prime Minister Garry Conille visited the Hospital of the State University of Haiti, more widely known as the General Hospital, after authorities regained control of it from gangs. The hospital had been left ravaged and strewn with debris. Walls and nearby buildings were riddled with bullet holes, signaling fights between police and gangs. The hospital is across the street from the national palace, the scene of several battles in recent months. Gang attacks have pushed Haiti’s health system to the brink of collapse with looting, setting fires, and destroying medical institutions and pharmacies in the capital. The violence has created a surge in patients and a shortage of resources to treat them. Haiti’s health care system faces additional challenges during the rainy season, which is likely to increase the risk of water-borne diseases. Poor conditions in camps and makeshift settlements have heightened the risk of diseases like cholera, with over 84,000 suspected cases in the country, according to UNICEF. Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-americaAP Sports SummaryBrief at 5:27 p.m. EST
Players Era Festival organizers betting big NIL is future of college tourneysTyler, The Creator has never been shy about voicing his opinion. The rapper and producer recently sat down with with Billboard for The No. 1s Issue cover story , where he talked about a variety of topics with writer Rembert Browne — including podcasters. As a leader of a generation that has grown up with social media, Tyler likes to engage with fans on his accounts, but feels like sometimes people aren’t articulating why they like or dislike something for the sake of getting a take off. “Expound on that f–king thought, b–ch,” he says of all the opinions floating around the Internet. He then took it a step further and threatened to take podcasts away if he ever became president of the United States, proclaiming, “If I was president, the first thing I would do is take podcast mics away from n—as.” This isn’t first time the West Coast artist has expressed frustration with today’s rap media landscape, telling Nardwuar in 2023 , “We’re at a point where a musician who you know for music is being interviewed on a platform about music talking in detail about music and people are like ‘Why does he keep doing that?’” Adding, “But if I was on here gossiping on so and so, talking about beef, and so on people would feed into it. No, we need to get back to talking about music. ... Talk about your album, talk about your music.” Be sure to check out the rest of our cover story with Tyler, The Creator.How to openly talk to your kids about changing social media rules
New Jersey resident Kristen Cobo captures video of approximately 8 suspected drones over a farm near her home on Dec. 12. (Kristen Cobo) Drone experts have little idea what the dozens of drone sightings over New Jersey could be, but have ruled out the possibility that they might be the work of a classified government program. They say the lack of a clear image or any residual hardware makes it difficult to make any guesses. "Until something is found, it’s really difficult to say," said Brett Velicovich, Fox News contributor and CEO of Expert Drones. "We haven’t seen any clear images." The drone sightings were first reported nearly a month ago – on Nov. 18 – and have been spotted every night from about dusk until around 11 p.m. The drones are "six feet in diameter," fly in a coordinated way with their lights off and "appear to avoid detection by traditional methods," according to New Jersey state Rep. Dawn Fantasia, who relayed a briefing given by law enforcement. Reports have ranged from four to 180 sightings per night, throughout New Jersey, New York, Pennsylvania and Connecticut. With little information on their origin from law enforcement, public speculation has run wild. Velicovich poured cold water on the idea that the drones could be part of a classified government test – one theory circulated to explain the lack of information shared with the public. A social media user said she filmed several drones hovering over Fairfield, Connecticut on Thursday night. (Lucy Biggers) "I find it hard to believe," said Velicovich. "Maybe it started that way, and now people think everything they see is a drone . . . . I’ve seen a lot of images that look like planes. But he said that when he worked on classified drone projects, the protocol was always to inform local police. MORE THAN 20 DAYS INTO PHENOMENON, PENTAGON STILL HAS NO ANSWERS ABOUT ORIGINS OF MYSTERIOUS NJ DRONES "There's a reason why we test stuff in Area 51 or all these remote locations, so that you don't have to cause public hysteria. And then when we would test stuff in cities, we would always, whenever we do secret exercises in cities, we would always inform the local police." Stacie Pettyjohn, drone expert with the Center for New American Security, agreed. "They would be doing it on a military base or a testing facility. And you know, they're not overflying sort of sensitive industrial locations, like they have been in New Jersey." Both experts agreed that what could have started off as drones may now have developed into a public panic, where everything in the air is assumed to be a drone. They said it could also be photographic drones looking to pick up images of the drone phenomenon, adding to the panic. Photos taken in the Bay Shore section of Toms River - Sunday, Dec. 8, 2024 (Doug Hood/Asbury Park Press) "People are gonna start to see what they expect to see," said Pettyjohn. "No one has shown me a clear photograph of a drone," said Velicovich. "Either it's just overblown right now, and everything in the air is a drone, or, you've got a lot of planes in the area that are probably trying to pick up, take photographs and detect stuff and see what's really going on." The FBI, in a statement, suggested that many of the drone sightings had turned out to be planes. "We have no evidence at this time that the reported drone sightings pose a national security or public safety threat or have a foreign nexus," a joint FBI and Department of Homeland Security statement said Thursday. "We are supporting local law enforcement in New Jersey with numerous detection methods but have not corroborated any of the reported visual sightings with electronic detection. To the contrary, upon review of available imagery, it appears that many of the reported sightings are actually manned aircraft, operating lawfully. There are no reported or confirmed drone sightings in any restricted airspace." Photos taken in the Bay Shore section of Toms River of what appear to be large drones hovering in the area at high altitudes in New Jersey on Sunday, Dec. 8, 2024. (Doug Hood/Asbury Park Press) NEW JERSEY DRONE SIGHTINGS: MILITARY ANALYSTS BREAK DOWN NATIONAL SECURITY CONCERNS, DOUBT HOBBYISTS AT PLAY The FBI revealed this week its budget for counter-drone technology is a mere $500,000 per year. Earlier this week, Rep. Jeff Van Drew, R-N.J., said that the drones may be linked to an Iranian "mothership," a theory that prompted the Pentagon to say that it had seen no evidence the drones could have come from a U.S. adversary. Velicovich said he "isn’t sold" that the drones are foreign in origin, but U.S. adversaries would have the capability to be behind the occurrences. "If we go with the theory that it's foreign, China, Russia , Iran, they all have systems that can travel over large amounts of terrain, over oceans and and carry other drones with it. So that's not the difficult thing that's happening every single day right now in countries like Ukraine." Pettyjohn assumed that the drones would need to be operated by someone within the U.S. "I would assume that it's someone who's here locally, which may be a spy, which may be a nefarious actor, but that they're they're individuals on the ground, and it's just easier to blend in and difficult to identify who they are and where they are with these rather innocuous systems," she said. "They can be in the air probably on the order of, like, five hours or so, or less, and a lot of them, it's way less than that. And that just means that they have to be someone probably physically here, [who] is flying them." China expert Gordon Chang mused that the drones could be an adversary merely looking to offer a form of distraction. CLICK HERE TO GET THE FOX NEWS APP If it were intended as an attack, "you wouldn't put on this big display over the course of days . . . with these very large objects and flashing lights. You're not going to advertise a drone attack on the U.S.," Chang said. "I think that they're trying to attract our attention, distract us from something that's happening elsewhere," he said. "So, I worry about what is going on that we're not paying attention to because of the drones."
Racing Optics® Introduces Game-Changing Twilight Tearoff to Enhance Visibility in Low-Light Racing ConditionsANKARA, Turkey (AP) — Turkish Foreign Minister Hakan Fidan says that Turkey’s Embassy in Syria’s capital of Damascus will reopen on Saturday, for the first time since 2012. In an interview with Turkey’s NTV television Fidan said a newly appointed interim charge d’affaires had left for Damascus on Friday together with his delegation. “It will be operational as of tomorrow,” he said. The Embassy in Damascus had suspended operations in 2012 due to the escalating security conditions during the Syrian civil war. All embassy staff and their families were recalled to Turkey. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. DAMASCUS (AP) — Thousands of Syrians gathered Friday in Damascus’ historic main mosque for the first Muslim Friday prayers since the ouster of President Bashar Assad, while giant crowds celebrated in the capital’s largest square and across the country. The gatherings were a major symbolic moment for the dramatic change of power in Syria, nearly a week after insurgents swept into Damascus, ousting the Assad-led state that had ruled the country for a half century with an iron grip. It came as U.S. Secretary of State Antony Blinken met with allies around the region looking to shape the transition, calling for an “inclusive and non-sectarian” interim government. Blinken arrived in Iraq on a previously unannounced stop after talks in Jordan and Turkey — which backs some of the Syrian insurgent factions. So far, U.S. officials have not talked of direct meetings with Syria’s new rulers. The main insurgent force, Hayat Tahrir al-Sham, has been working to establish security and start a political transition after seizing Damascus early Sunday. The group has tried to reassure a public both stunned by Assad’s fall and concerned over extremist jihadis among the rebels. The insurgents’ leadership says it has broken with its extremist past, though HTS is still labeled a terrorist group by the United States and European countries. HTS’s leader, Ahmad al-Sharaa, formerly known as Abu Mohammed al-Golani, appeared in a video message Friday congratulating “the great Syrian people for the victory of the blessed revolution.” “I invite them to head to the squares to show their happiness without shooting bullets and scaring people,” he said. “And then after we will work to build this country and as I said in the beginning, we will be victorious by the help of God.” Syrians celebrate in the historic heart of Damascus Huge crowds, including some insurgents, packed Damascus’ historic Umayyad Mosque in the capital’s old city, many waving the rebel opposition flag — with its three red stars — which has swiftly replaced the Assad-era flag with with its two green stars. According to Arab TV stations, the Friday sermon was delivered by Mohammed al-Bashir, the interim prime minister installed by HTS this week. The scene resonated on multiple levels. The mosque, one of the world’s oldest dating back some 1,200 years, is a beloved symbol of Syria, and sermons there like all mosque sermons across Syria had been tightly controlled under Assad’s rule. Also, in the early days of the anti-government uprising in 2011, protesters would leave Friday prayers to march in rallies against Assad — before he launched a brutal crackdown that turned the uprising into a long and bloody civil war. “I didn’t step foot in Umayyad Mosque since 2011,” because of the tight security controls around it, said one worshipper, Ibrahim al-Araby. “Since 11 or 12 years, I haven’t been this happy.” Another worshipper, Khair Taha, said there was “fear and trepidation for what’s to come — but there is also a lot of hope that now we have a say and we can try to build.” Blocks away in Damascus’ biggest roundabout, named Umayyad Square, thousands gathered, including many families with small children — a sign of how, so far at least, the country’s transformation has not seen violent instability. “Unified Syria to build Syria,” the crowd chanted. Some shouted slurs against Assad and his late father, calling them pigs, an insult that would have previously led to offenders being hauled off to one of the feared detention centers of Assad’s security forces. One man in the crowd, 51-year-old Khaled Abu Chahine — originally from the southern province of Daraa, where the 2011 uprising first erupted — said he hoped for “freedom and coexistence between all Syrians, Alawites, Sunnis, Shiites and Druze.” The interim prime minister, al-Bashir, had been the head of a de facto administration created by HTS in Idlib, the opposition’s enclave in northwest Syria. The rebels had been bottled up in Idlib for years before fighters broke out in a shock offensive and marched across Syria in 10 days. Similar scenes of jubilation took place in major cities across Syria, including in Aleppo, Homs, Hama, Latakia and Raqqa. US and its allies try to shape a rapidly changing Syria Al-Sharaa, HTS’ leader, has promised to bring a pluralistic government to Syria, seeking to dispel fears among many Syrians — especially its many minority communities — that the insurgents will bring a hard-line, extremist rule. Another key factor will be winning international recognition for a new government in Syria, a country where multiple foreign powers have their hands in the mix. The Sunni Arab insurgents who overthrew Assad did so with vital help from Turkey, a longtime foe of the U.S.-backed Kurds . Turkey controls a strip of Syrian territory along the shared border and backs an insurgent faction uneasily allied to HTS — and is deeply opposed to any gains by Syria’s Kurds. The U.S. has troops in eastern Syria to combat remnants of the Islamic State group and supports Kurdish-led fighters who rule most of the east. Since Assad’s fall, Israel has bombed sites all over Syria, saying it is trying to prevent weapons from falling into extremist hands, and has seized a swath of southern Syria along the border with the Israeli-occupied Golan Heights, calling it a buffer zone. After talks with Turkey’s Foreign Minister Hakan Fidan, Blinken said there was “broad agreement” between Turkey and the U.S. on what they would like to see in Syria. That starts with an “interim government in Syria, one that is inclusive and non-sectarian and one that protects the rights of minorities and women” and does not “pose any kind of threat to any of Syria’s neighbors,” Blinken said. Fidan said the priority was “establishing stability in Syria as soon as possible, preventing terrorism from gaining ground, and ensuring that IS and the PKK aren’t dominant” — referring to the Islamic State group and the Kurdistan Workers Party. Ankara considers the PKK within Turkey’s borders a terrorist group — as it does the Kurdish-backed forces in Syria backed by the U.S. A U.S. official said that in Ankara, President Recep Tayyip Erdogan and Fidan both told Blinken that Kurdish attacks on Turkish positions would have to be responded to. The official spoke to reporters on condition of anonymity to discuss private diplomatic talks. The U.S. has been trying to limit such incidents in recent days and had helped organize an agreement to prevent confrontations around the northern Syrian town of Manbij, which was taken by Turkey-backed opposition fighters from the U.S.-backed Kurdish forces earlier this week. In Baghdad, Blinken met with Iraqi Prime Minister Mohammed al-Sudani, saying both countries wanted to ensure the Islamic State group — also known by its Arabic acronym Daesh — doesn’t exploit Syria’s transition to re-emerge. “Having put Daesh back in its box, we can’t let it out, and we’re determined to make sure that that doesn’t happen,” Blinken said. The U.S. official who briefed reporters said that Blinken had impressed upon al-Sudani the importance of Iraq exercising its full sovereignty over its territory and airspace to stop Iran from transporting weapons and equipment to Syria, either for Assad supporters or onward to the militant Hezbollah group in Lebanon. ___ Lee reported from Ankara, Turkey. Associated Press writer Suzan Fraser in Ankara contributed to this report. Albert Aji And Matthew Lee, The Associated Press
LANDOVER, Md. (AP) — Allowing two kickoff return touchdowns and missing an extra point all in the final few minutes added up to the Washington Commanders losing a third consecutive game in excruciating fashion. The underlying reason for this slide continuing was a problem long before that. An offense led by dynamic rookie quarterback Jayden Daniels that was among the NFL's best for a long stretch of the season put up just nine points and 169 yards for the first three-plus quarters against Dallas before falling behind 20-9 and teeing off on the Cowboys' conservative defense. “We just couldn’t really get it going,” said receiver Terry McLaurin , whose lengthy touchdown with 21 seconds left masked that he had just three catches for 16 yards through three quarters. “We’ve got to find a way to start faster and sustain drives, and that’s everybody: the whole coaching staff and the offensive players just going out there and figuring out ways that we can stay on the field.” This is not a new problem for Washington, which had a season-low 242 yards in a Nov. 10 home loss to Pittsburgh and 264 yards four days later in a defeat at Philadelphia. Since returning from a rib injury that knocked him out of a game last month, Daniels has completed just under 61% of his passes, after 75.6% over his first seven professional starts. Daniels and coach Dan Quinn have insisted this isn't about injury. The coaching staff blamed a lack of adequate practice time, but a full week of it before facing the Cowboys did not solve the problem. It is now fair to wonder if opponents have seen enough film of offensive coordinator Kliff Kingsbury's system to figure it out. “I think teams and coordinators are going to see what other teams have success against us and try to figure out how they could incorporate that into their scheme," Daniels said after going 12 of 22 for 80 yards passing through three quarters in the Dallas game. "We’ve been in third and longer a lot these past couple games, so that’s kind of where you get into the exotic pressures and stuff like that. We’ve just got to be better on first and second downs and stay ahead of the chains.” Daniels has a point there, and it predates this losing streak. The Commanders have converted just 36% of third-down opportunities (27 for 75) over their past seven games after 52% (31 for 60) in their first five. That challenge doesn't get any easier with Tennessee coming to town Sunday. The Titans, despite being 3-8, have the second-best third-down defense in the league at 31.6%. The defense kept the Commanders in the game against Dallas, allowing just 10 points until the fourth quarter and 20 total before kickoff return touchdowns piled on to the other side of the scoreboard. Even Cooper Rush's 22-yard touchdown pass to Luke Schoonmaker with five minutes left came after a turnover that gave the Cowboys the ball at the Washington 44. The defense spending more than 35 minutes on the field certainly contributed to fatigue as play wore on. The running game that contributed to a 7-2 start has taken a hit, in part because of injuries to top back Brian Robinson Jr. The Commanders got 145 yards on the ground because Daniels had 74 on seven carries, but running backs combined for just 57. Daniels could not say how much the rushing attack stalling has contributed to the offense going stagnant. “You’ve got to be able to run the ball, keep the defense honest,” he said. "We got to execute the plays that are called in, and we didn’t do a good job of doing that.” Linebacker Frankie Luvu keeps making the case to be first-year general manager Adam Peters' best free agent signing. He and fellow offseason addition Bobby Wagner tied for a team-high eight tackles, and Luvu also knocked down three passes against Dallas. Kicker Austin Seibert going wide left on the point-after attempt that would have tied the score with 21 seconds left was his third miss of the game. He also was short on a 51-yard field goal attempt and wide left on an earlier extra point. Seibert, signed a week into the season after Cade York struggled in the opener, made 25 of 27 field goal tries and was 22 of 22 on extra points before injuring his right hip and missing the previous two games. He brushed off his health and the low snap from Tyler Ott while taking responsibility for not connecting. “I made the decision to play, and here we are,” Seibert said. “I just wasn’t striking it well. But it means a lot to me to be here with these guys, so I just want to put my best foot moving forward.” Robinson's sprained ankle and fellow running back Austin Ekeler's concussion from a late kickoff return that led to him being hospitalized for further evaluation are two major immediate concerns. Quinn said Monday that Ekeler and starting right tackle Andrew Wylie are in concussion protocol. It's unclear if Robinson will be available against Tennessee, which could mean Chris Rodriguez Jr. getting elevated from the practice squad to split carries with Jeremy McNichols. The Commanders still have not gotten cornerback Marshon Lattimore into a game since acquiring him at the trade deadline from New Orleans. Lattimore is trying to return from a hamstring injury, and the secondary could use him against Calvin Ridley, who's coming off a 93-yard performance at Houston. 17 — Handoffs to a running back against Dallas, a significant decrease from much of the season before this losing streak. Don't overlook the Titans with the late bye week coming immediately afterward. The Commanders opened as more than a touchdown favorite, but after the results over the weekend, BetMGM Sportsbook had it as 5 1/2 points Monday. AP NFL: https://apnews.com/hub/nflSuch bet are usually bad ones, which is why so many massive casino-resorts have been built on Las Vegas Boulevard. But it doesn't mean the organizers are wrong. They're counting on the minimum of $1 million in guaranteed name, image and likeness money that will go to each of the eight teams competing in the neutral-site tournament that begins Tuesday will create a precedent for other such events. EverWonder Studios CEO Ian Orefice, who co-founded Players with former AND1 CEO Seth Berger, compared this event to last year's inaugural NBA In-Season Tournament that played its semifinals and final in Las Vegas by saying it "did really well to reinvigorate the fan base at the beginning of the year." "We're excited that we're able to really change the paradigm in college basketball on the economics," Orefice said. "But for us, it's about the long term. How do we use the momentum that is launching with the 2024 Players Era Festival and be the catalyst not to change one event, but to change college basketball for the future." Orefice and Berger didn't disclose financial details, but said the event will come close to breaking even this year and that revenue is in eight figures. Orefice said the bulk of the revenue will come from relationships with MGM, TNT Sports and Publicis Sport & Entertainment as well as sponsors that will be announced later. Both organizers said they are so bullish on the tournament's prospects that they already are planning ahead. Money made from this year's event, Orefice said, goes right back into the company. "We're really in this for the long haul," Orefice said. "So we're not looking at it on a one-year basis." Rick Giles is president of the Gazelle Group, which also operates several similar events, including the College Basketball Invitational. He was skeptical the financial numbers would work. Giles said in addition to more than $8 million going to the players, there were other expenses such as the guarantees to the teams. He said he didn't know if the tournament would make up the difference with ticket sales, broadcast rights and sponsorship money. The top bowl of the MGM Grand Garden Arena will be curtained off. "The math is highly challenging," Giles said. "Attendance and ticket revenues are not going to come anywhere close to covering that. They haven't announced any sponsors that I'm aware of. So it all sort of rests with their media deal with Turner and how much capital they want to commit to it to get these players paid." David Carter, a University of Southern California adjunct professor who also runs the Sports Business Group consultancy, said even if the Players isn't a financial success this year, the question is whether there will be enough interest to move forward. "If there is bandwidth for another tournament and if the TV or the streaming ratings are going to be there and people are going to want to attend and companies are going to want to sponsor, then, yeah, it's probably going to work," Carter said. "But it may take them time to gain that traction." Both founders said they initially were met with skepticism about putting together such an event, especially from teams they were interested in inviting. Houston was the first school to commit, first offering an oral pledge early in the year and then signing a contract in April. That created momentum for others to join, and including the No. 6 Cougars, half the field is ranked. "We have the relationships to operate a great event," Berger said. "We had to get coaches over those hurdles, and once they knew that we were real, schools got on board really quickly." The founders worked with the NCAA to make sure the tournament abided by that organization's rules, so players must appear at ancillary events in order to receive NIL money. Strict pay for play is not allowed, though there are incentives for performance. The champion, for example, will receive $1.5 million in NIL money. Now the pressure is on to pull off the event and not create the kind of headlines that can dog it for years to come. "I think everybody in the marketplace is watching what's going to happen (this) week and, more importantly, what happens afterwards," Giles said. "Do the players get paid on a timely basis? And if they do, that means that Turner or somebody has paid way more than the market dictates? And the question will be: Can that continue?" CREIGHTON: P oint guard Steven Ashworth likely won’t play in the No. 21 Bluejays’ game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday and coach Greg McDermott said afterward he didn’t know how long he would be out.
Dolphins activate former first-round pick after long absence
RICHARDSON, TX / ACCESSWIRE / December 11, 2024 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a three-year, Indefinite Delivery Indefinite Quantity (IDIQ) contract for Optically Improved Periscopes from DLA Land and Marine with a maximum value of $6.5 million and two additional option years. Danny Schoening, CEO, Optex Systems stated "Optex continues to support our domestic armored vehicle manufactures through the ongoing supply of laser protected periscopes. These units provide our customers with real-time situational awareness while protecting them from harmful laser strikes. This three year contract speaks to the decades-long relationship with the U.S. Government and our commitment to quality and reliability." With this order, the current Optex backlog is in excess of $42 million. ABOUT OPTEX SYSTEMS Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com . Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," and similar expressions. These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; the estimated value of IDIQ contracts; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government's interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties. Contact: IR@optexsys.com (972) 764-5718 SOURCE: Optex Systems Holdings, Inc. View the original on accesswire.com