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Amid concern over rising costs, U.S. employers eyeing alternative approaches to retiree healthcare benefits

Employers targeting private insurance marketplaces to replace traditional group plans for early retirees, WTW survey finds

ARLINGTON, Va., Oct. 11, 2022 (GLOBE NEWSWIRE) — Pressured by rising costs, U.S. employers are looking at alternative ways to provide healthcare benefits to their retirees over the next three years. And some employers plan to replace their traditional group retiree medical benefits for pre-Medicare retirees with individual insurance through private marketplaces. These are among the findings in a new survey by leading global advisory, broking and solutions company WTW (NASDAQ: WTW).

The WTW Retiree Medical Survey found half of employers (50%) are concerned about increases in their costs to provide medical benefits for retirees. These costs for retirees who aren’t eligible for Medicare are projected to increase 4.8% next year, up from 3.6% this year. Costs for Medicare-eligible retirees are projected to rise 2.7% next year, up from 2.1% this year.

“With meaningful cost increases coming, employers aren’t sitting still. For now, they remain committed to offering retiree healthcare benefits and a positive retiree experience. But they’re looking for ways to provide them more cost effectively,” said Lindsay Hunter, senior director, Health & Benefits, WTW. “Employers are rightfully concerned about this growing burden and are studying all options, including private marketplaces.”

According to the survey, one in eight respondents (13%) expect to make changes to their retiree medical benefits over the next three years. Nearly half (49%) expect to introduce change because the benefits are too expensive for the company to maintain. Over a third (36%) are looking to address unacceptable financial risks, while 33% cited the need to reduce the plan’s administrative burden.

The survey also revealed that over one in five employers (22%) have either stopped offering a traditional group medical plan to early retirees or are considering a replacement. Among those employers that terminated a group plan, 75% are replacing it with access to and financial support for individual insurance through a private marketplace. Similarly, those considering a replacement are looking toward a private marketplace.

“The recent passage of the Inflation Reduction Act is making private insurance marketplaces for individual coverage an even more attractive option for retiree benefits. In particular, the extension of premium tax credits and the improvements to Part D plans position private marketplaces to better offset rising healthcare costs for both organizations and their retirees,” said Trevis Parson, chief actuary, Via Benefits, WTW.

About the survey

A total of 122 U.S. employers participated in the 2022 Retiree Medical Survey, which was conducted in July and August 2022. Respondents employ 1.9 million workers.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.



Media contacts:

Ed Emerman: +1 609 240 2766
[email protected]

Ileana Feoli: +1 212 309 5504
[email protected] 

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BUCHANAN’S SCOTCH WHISKY AND MEXICAN-AMERICAN SINGER-SONGWRITER OMAR APOLLO, INVITE YOU TO CELEBRATE THE 200% FUTURO AND TOAST TO THE 100% HISPANIC AND 100% AMERICANS SHAPING CULTURE THIS HISPANIC FUTURE MONTH

PR Newswire

Alongside a group of culture makers, Buchanan’s is announcing the Buchanan’s 200% Futuro Fund, committing $1 million in donations and grants to fuel the futures of Hispanic Americans over the next five years*


NEW YORK
, Oct. 11, 2022 /PRNewswire/ — With the Hispanic population projected to make up more than half of the US’s population growth over the next 15 years,** Buchanan’s Scotch Whisky is continuing to break beyond the one-month walls of Hispanic Heritage Month and taking a leap towards the future and welcoming people to the “200% Futuro.” To celebrate America’s future being 200%: 100% Hispanic and 100% American, Buchanan’s is partnering with Mexican-American, Indiana-raised, singer songwriter, Omar Apollo, whose 200% spirit shines in his unique musical style that blends genres and languages – the perfect embodiment of what the future of America looks like.   

Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9087551-buchanans-scotch-whisky-futuro-fund-omar-apollo/

Together with a group of culture makers, Buchanan’s and Omar are highlighting the greatness that comes from embracing your 100% Hispanic and 100% American duality, while honoring heritage and supporting the local voices, businesses, and organizations leading the future across America.  Through vibrant, digital storytelling shot by director David Camarena, we visit and meet the purveyors of local plant shops, taquerias, cultural centers, barbershops, clothing stores, non-profits and more, who are using their creativity and culture to shape the future of their communities and contribute to the growth and success of America.

“I’m happy to join the Buchanan’s Whisky familia, and to be a part of the brand’s legacy championing Hispanic culture,” said singer-songwriter Omar Apollo. “This Hispanic Future Month, we are sharing and celebrating the unique stories of Hispanic Americans who embody the 200% spirit and embrace their cultural duality,” he continued. “My parents were Mexican immigrants, I was born and raised in Indiana. I’m 100% Mexican and 100% Midwest, so I feel deeply connected to the Buchanan’s 200% Futuro campaign and I’m excited for the future of our partnership.”

  • In Chicago: National brand partner, Omar Apollo is highlighting DishRoulette Kitchen a nonprofit that supports the Chicago food industry by providing effective hospitality training mixed with financial consciousness; local Belizean and Mexican-owned plant shop Plant Shop Chicago, and Honduran-Mexican taco truck, Taco Sublime.
  • In Los Angeles: Kids of Immigrants, the LA fashion brand that celebrates 100% commUNITY and 100% Immigrant pride, honors the local LA community by spotlighting local nonprofit Inclusive Action For the City, Mexican paleta shop La Michoacana Boyle Heights and gender neutral clothing shop Género Neutral.
  • In New York, NuevaYorkinos, a digital archive dedicated to documenting and preserving NYC Latinx and Caribbean culture and history through family photographs and stories, take a visit to local nonprofit The Ecuadorian American Cultural Center that aims to raise awareness of Ecuadorian-American culture and empower the community through the arts and education; lifestyle Puerto Rican-Dominican shop Bronx Native, and Dominican-owned Grassroots Juicery in Brooklyn.
  • In Miami, Cuban-Bahamian, visual artist Reyna Noriega who uses her art to fill the world with vibrant, joyful depictions of marginalized communities highlights Buddy System MIA, a local nonprofit fighting food insecurity in Miami, Honduran-owned barbershops, The Spot Barbershop and Venezuelan-Cuban owned community art space Artisan’s Playhouse.
  • In Houston, Mexican-American professional Houston Dash and Mexican National Soccer Team player María Sánchez spotlights local nonprofit Power on Heels an organization focused on the advancement of Latinas by helping to decrease the impact that the gender pay gap has on their earning potential; Latina owned Houston-inspired clothing brand State Line Designs, and local flower shop Bloom and Box.

To enable non-profit organizations doing the work to create a better future for America’s 200%, Buchanan’s is announcing the Buchanan’s 200% Futuro Fund, a donor-advised fund that will deliver $1M in grants across the next five years by elevating their voices and supporting nonprofits uplifting their local communities through their passions and crafts while embracing their Hispanic roots.

As part of the campaign, Buchanan’s has also launched a series of co-curated 200% local guides highlighting some of the Hispanic American businesses shaping culture and amplifying through brand and partner social channels to encourage the community to shop the local businesses right in their backyard.

“As we head towards this 100% Hispanic and 100% American future, it’s important the Hispanic voices who carry that power are heard and represented, because they are leading and influencing the future of America” says Gustavo Salguero, Director Buchanan’s Whisky. “That’s why this Hispanic Future Month we’re excited to announce the Buchanan’s 200% Futuro Fund to celebrate and support today’s diverse, multi-faceted Hispanic Americans who truly embody everything it means to proudly live life as a 200%er.”  

You can the 200% local guides and recipe inspiration by following the conversation on at @BuchanansUS on Facebook, @BuchanansWhisky on Instagram and @BuchanansUSA on Twitter. For additional information on Buchanan’s Whisky, please visit www.BuchanansWhisky.com.

About BUCHANAN’S Blended Scotch Whisky
BUCHANAN’S Blended Scotch Whisky’s true purpose is to unite all who bring their 100% Hispanic and 100% American identities together to live a 200% life. It was created to be shared with one another and enjoyed by all, because our founder, James Buchanan believed in the power of sharing. The BUCHANAN’S Blended Scotch Whisky brand has more than 130 years of authentic heritage, and every bottle represents James Buchanan’s commitment to creating the finest blended Scotch Whiskies. The BUCHANAN’S Blended Scotch Whisky Portfolio features four gold award-winning marques, including: BUCHANAN’S DeLuxe Blended Scotch Whisky, BUCHANAN’S MASTER Blended Scotch Whisky, BUCHANAN’S Special Reserve Blended Scotch Whisky, and BUCHANAN’S RED SEAL Blended Scotch Whisky. All of these marques have been recognized in the most prestigious international spirits competitions. For more information, visit www.BuchanansWhisky.com or connect with us on Facebook: www.facebook.com/BuchanansUS, Instagram: www.instagram.com/BuchanansWhisky, and Twitter: www.twitter.com/BuchanansUSA.

About DIAGEO North America
DIAGEO is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, Bulleit and Buchanan’s whiskies, Smirnoff, Cîroc and Ketel One vodkas, Casamigos, DeLeon and Don Julio tequilas, Captain Morgan, Baileys, Tanqueray and Guinness. DIAGEO is listed on both the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange (LSE: DGE) and their products are sold in more than 180 countries around the world. For more information about DIAGEO, their people, brands, and performance, visit www.diageo.com. Visit DIAGEO’S global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice. Follow at Twitter and Instagram for news and information about DIAGEO North America: @Diageo_NA.

* The 200% Futuro Fund is a donor advised fund with Diageo North America, Inc. as the donor and which is administered by Fairfield County’s Community Foundation, an IRS 501(c)(3) organization. The 200% Futuro Fund launched July 2022. The dispersal of funds from the 200% Futuro Fund is subject to the approval of the Fairfield County’s Community Foundation.

** Source: Woods & Pole 2020, Rainmakers CSI for Diageo

Omar Apollo and Owners of Plant Shop Chicago Toast to the 200% Futuro with Buchanan’s Scotch Whisky

 

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SOURCE Buchanan’s Scotch Whisky

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G Squared and Transfix Mutually Agree to Terminate Business Combination Agreement

PR Newswire

Partnership extended via new private financing


CHICAGO and NEW YORK, Oct. 11, 2022 /PRNewswire/ — G Squared Ascend I Inc. (NYSE: GSQD) (“G Squared Ascend I”), a publicly traded special purpose acquisition company sponsored by affiliates of G Squared, and Transfix, Inc. (“Transfix”), the Intelligent Freight Platform™, a digital freight startup driving modern supply chain performance with its AI platform, today announced the mutual termination of their previously announced business combination agreement due to current public market conditions.

Concurrently, G Squared and New Enterprise Associates, Inc. (“NEA”) will lead a private round of investment to support Transfix’s continued growth. As part of this financing, G Squared’s Founder & Managing Partner, Larry Aschebrook, will join Transfix’s Board of Directors.

Lily Shen, CEO and President, Transfix said, “We have fostered a strong partnership with G Squared and NEA, who continue to believe in our business and the opportunity ahead. This funding will allow us to continue investing in our technology and innovation, advancing Transfix’s modern solutions for shippers and carriers, and delivering on the access, ease, and reliability the industry deserves. We continue to enjoy the support of our customers who value the power and flexibility of our business model, and we remain incredibly excited about our ability to drive impact at scale.”

Larry Aschebrook of G Squared said, “Transfix’s team of freight industry and technology experts continues to raise the bar across the sector as they work to move goods more seamlessly and sustainably. G Squared is confident in Transfix and its prospects and will continue to support Transfix as a private company.”

“We initially partnered with Transfix at the Series B in 2016, and since then we have been impressed with the efficiency and sustainability impacts the company has had on the shipping logistics industry,” said Carmen Chang, General Partner, NEA. “We are confident in Transfix’s long-term future, and look forward to our continued partnership throughout their next chapter of growth as a pioneer of the modern supply chain.”

Additional information regarding the termination of the business combination agreement is provided in a Current Report on Form 8-K filed by G Squared Ascend I with the U.S. Securities and Exchange Commission and is available at www.sec.gov.

About G Squared

G Squared is a global venture capital firm that partners with dynamic companies throughout their life cycles as a complete capital solutions provider, working to create value for companies, investors, employees, and other stakeholders. The firm focuses on investments in growth-stage technology companies and has invested in over 110 portfolio companies since it was founded in 2011. The firm’s affiliate, G Squared Ascend, offers transformative private companies a path to public markets via SPAC. For more information on G Squared and its portfolio, visit: www.gsquared.com. For more information on G Squared Ascend I, visit: www.gsquaredascend.com.

About Transfix

Transfix drives modern supply chain impact at scale with its Intelligent Freight Platform™. By combining enterprise-grade, machine-learning technology with intuitive software and dedicated supply chain experts, Transfix is enabling organizations to deliver with high performance and high reliability, drive long-term strategy and capacity planning, take empty miles off the road, and optimize their networks, at scale. Today, Transfix connects shippers to nearly 30,000 carriers with real-time, many-to-many freight matching and the visibility they need to make their supply chains more efficient and environmentally responsible. Learn more at Transfix.io.

Forward Looking Statements

The information in this communication may contain statements that are not historical facts but are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of “safe harbor” provisions under the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact included in this communication, regarding G Squared Ascend I’s and Transfix’s decision to terminate the business combination, G Squared’s future investment in Transfix, and the makeup of Transfix’s board of directors, are forward-looking statements. When used in this communication, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, G Squared Ascend I and Transfix disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication. G Squared Ascend I and Transfix caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either G Squared Ascend I or Transfix. Should one or more of the risks or uncertainties described in this communication, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of G Squared Ascend I’s final prospectus filed on February 8, 2021, and Quarterly Reports on Form 10-Q, in each case, under the heading “Risk Factors,” and other documents of G Squared Ascend I filed, or to be filed, with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in G Squared Ascend I ‘s periodic filings with the SEC, including G Squared Ascend I’s final prospectus for its initial public offering filed with the SEC on February 8, 2021. G Squared Ascend I’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

Media Contact

The Bulleit Group for G Squared Ascend I
[email protected]

Chelsea Horn, Carve Communications for Transfix
[email protected] 

 

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SOURCE G Squared Ascend I Inc.

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Thinking about buying stock in Uber, Rivian, Oblong, ForgeRock, or DraftKings?

PR Newswire


NEW YORK
, Oct. 11, 2022 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for UBER, RIVN, OBLG, FORG, and DKNG.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.

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SOURCE InvestorsObserver

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Honda and LG Energy Solution Announce Ohio as Home to Joint Venture EV Battery Plant

PR Newswire

  • New joint venture company to produce battery modules in Fayette County, Ohio
  • EV batteries produced at JV plant to be provided to
    Honda plants for EV production


MARYSVILLE, Ohio
, Oct. 11, 2022 /PRNewswire/ — Honda and LG Energy Solution (LGES; KRX: 373220) today announced that their new joint venture (JV) battery plant will be located in Fayette County, Ohio, about 40 miles southwest of Columbus, where the two companies will commit to investing $3.5 billion and creating 2,200 jobs, pending final government approvals. The companies’ overall investment related to the JV is projected to reach $4.4 billion.

The joint venture between Honda and LGES will be formally established in 2022, pending regulatory approvals. The two companies plan to begin construction in early 2023, in order to complete the new production facility by the end of 2024. The plant aims to have approximately 40GWh of annual production capacity as it starts mass production of pouch-type lithium-ion batteries by the end of 2025.

Honda already has announced plans to begin production* and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture. The EV batteries produced at the new JV plant will be provided to Honda auto plants to produce EVs to be sold in North America.

“In another major step toward electrification, LG Energy Solution’s innovative battery technologies will not only power Honda’s brand-new EV models but support Ohio’s green economy. We extend our gratitude to everyone who played a role in making this happen,” said Dong-Myung Kim, Executive Vice President of Advanced Automotive Battery Division at LG Energy Solution. “With our commitment to building the world-best quality products, together with Honda, we look forward to not only creating thousands of quality jobs here in Ohio, but growing together with the community.”

In April 2022, Honda Motor Co., Ltd. announced that it was exploring the possibility of creating a joint venture company for battery production in North America, and that the battery plant would be established near a dedicated EV production line to be created in North America. The joint venture with LGES represents the fulfillment of this strategy.

“Honda is proud of our history in Ohio, where our U.S. manufacturing operations began more than four decades ago. Now, as we expand Honda’s partnership with Ohio, we are investing in a workforce that will create the power source for our future Honda and Acura electric vehicles,” said Bob Nelson, executive vice president of American Honda Motor Co., Inc. “We want to thank the leaders of the state of Ohio, as well as in Fayette County, Jefferson Township, Jeffersonville, and Washington Court House for welcoming this new joint venture between Honda and LG Energy Solution and giving us another Ohio community to call home.”

This latest JV announcement with Honda reflects the recently announced LG Energy Solution’s mid- to long-term strategy to focus on North America, the fastest growing EV market. LGES plans to further expand its production capacity in the region, as well as reinforce its local supply chain for key critical minerals.

As part of its goal to achieve carbon neutrality for all products and corporate activities by 2050, Honda announced a vision to make battery-electric and fuel cell electric vehicles represent 100% of its vehicle sales by 2040.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 25,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co. Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://www.lgensol.com.

About Honda Motor Co., Ltd.

Honda Motor Co., Ltd. (NYSE: HMC) is responsible for the development, production and sales of automobiles, motorcycles, power products and aviation products worldwide. Honda now delivers over 30 million products annually through its three product lines. Honda and its partners build products in more than 60 manufacturing plants in 27 countries, employing about 220,000 associates globally. On a global basis by 2050, Honda is striving to achieve carbon neutrality for all products and corporate activities, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles. 

*using domestic and globally sourced parts

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SOURCE Honda

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New Cadence Certus Delivers Up to 10X Faster Concurrent Full-Chip Optimization and Signoff

New Cadence Certus Delivers Up to 10X Faster Concurrent Full-Chip Optimization and Signoff

Highlights:

  • Provides customers with a first-of-its-kind fully automated environment featuring a massively parallel and distributed architecture
  • Supports design optimization and signoff with unlimited capacity, delivering overnight turnaround time while significantly reducing design power
  • Cloud-ready solution advances emerging design areas, including hyperscale computing, 5G communications, mobile, automotive and networking

SAN JOSE, Calif.–(BUSINESS WIRE)–
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the new Cadence® Certus™ Closure Solution to address growing chip-level design size and complexity challenges. The Cadence Certus Closure Solution environment automates and accelerates the complete design closure cycle from weeks to overnight—from signoff optimization through routing, static timing analysis (STA) and extraction. The solution supports the largest chip design projects with unlimited capacity while substantially improving productivity by up to 10X versus current methodologies and flows.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221011005682/en/

The new Cadence Certus Closure Solution automates and accelerates the complete design closure cycle from weeks to overnight, supporting the largest chip design projects with unlimited capacity while improving productivity by up to 10X. (Graphic: Business Wire)

The new Cadence Certus Closure Solution automates and accelerates the complete design closure cycle from weeks to overnight, supporting the largest chip design projects with unlimited capacity while improving productivity by up to 10X. (Graphic: Business Wire)

The Cadence Certus Closure Solution eases the design signoff closure bottlenecks and complexities that come with developing today’s emerging applications like hyperscale computing, 5G communications, mobile, automotive and networking. Prior to the introduction of the Cadence Certus Closure Solution, a full-chip closure flow involved manual, tedious processes from full chip assembly, static timing analysis, and optimization and signoff with 100s of views, taking designers months to converge. The new solution provides a fully automated environment that is massively distributed for superior optimization and signoff. This allows concurrent, full-chip optimization through an engine shared with Cadence’s Innovus™ Implementation System and the Tempus™ Timing Signoff Solution, eliminating iterative loops with block owners while enabling designers to make quick optimization and signoff decisions. Furthermore, in conjunction with the Cadence Cerebrus™ Intelligent Chip Explorer, designers can experience additional productivity improvements from block-level to full-chip signoff closure.

The Cadence Certus Closure Solution provides customers with the following benefits:

  • Innovative scalable architecture: The Cadence Certus Closure Solution’s distributed hierarchical optimization and signoff architecture is ideal for cloud-execution and is operational in both cloud and internal data center environments
  • Incremental signoff: Provides flexible restore and replacement of only the changed portions of the design, further accelerating final signoff
  • Improved engineering productivity: Fully automated flowreducesthe need for multiple, lengthy iterations across multiple teams, providing faster time-to-market
  • SmartHub interface: Enhanced interactive GUI allows cross-probing for detailed timing debug to drive last-mile design closure
  • 3D-IC design efficiencies: Tightly integrated with the Cadence Integrity™ 3D-IC Solution, it allows users to close inter-die paths across heterogenous process dies

“Today’s design teams often spend five to seven days per iteration to meet chip-level signoff timing and power requirements, and previous methodologies failed to deliver the team collaboration and user experience needed for efficient design closure,” said Dr. Chin-Chi Teng, senior vice president and general manager in the Digital & Signoff Group at Cadence. “We are intensely in tune with the needs of the design community, and with the release of the new Cadence Certus Closure Solution, we’re offering our customers a novel environment for chip-level optimization and signoff that delivers exceptional PPA results within a matter of hours. With this new Cadence solution, we’re empowering customers to achieve productivity goals and deliver products to market faster.”

The Cadence Certus Closure Solution supports the company’s Intelligent System Design™ strategy, which enables design excellence. For more information, please visit www.cadence.com/go/certuspr.

Customer Endorsements

“It is imperative for us to deliver our high-performance and low-power analog and mixed-signal products on schedule. Full chip-level signoff closure is one of the biggest bottlenecks our engineering team faces when working tirelessly to meet customer delivery commitments. With the Cadence Certus Closure Solution, our engineering team can experience overnight full chip-level signoff closure via its concurrent optimization and signoff capabilities, improving overall engineering team productivity. The solution’s ability to automate the whole optimization and signoff flow—STA, routing, and extraction—empowers our engineering team to achieve greatly improved design success, realize untapped power savings of up to 5% and get to market faster.”

-Dr. Paolo Miliozzi, vice president, SoC Design and Technology, MaxLinear

“In today’s dynamic design environment, we require automated and robust signoff closure methodologies and tools to meet time-to-market objectives. With the Cadence Certus Closure Solution, our engineering team observed 6X faster chip-level signoff closure turnaround time versus current methodologies, improving overall productivity. Following this success, we plan to adopt the solution for the development of our latest designs.”

–Yukio Minoda, Senior Principal Engineer, Digital Design Technology Department, Shared R&D EDA Division, Renesas

About Cadence

Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For eight years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

© 2022 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarksare trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

Category: Featured

Cadence Newsroom

408-944-7039

[email protected]

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INDUSTRY KEYWORDS: Software Technology Internet Data Management

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The new Cadence Certus Closure Solution automates and accelerates the complete design closure cycle from weeks to overnight, supporting the largest chip design projects with unlimited capacity while improving productivity by up to 10X. (Graphic: Business Wire)
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Community Healthcare Trust Announces Third Quarter Earnings Release Date And Conference Call

PR Newswire


FRANKLIN, Tenn.
, Oct. 11, 2022 /PRNewswire/ — Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that on Tuesday evening, November 1, 2022, after the market closes, it will report results for the third quarter of 2022. 

On November 2, 2022, at 9:00 a.m. Central Time, Community Healthcare Trust will hold a conference call to discuss earnings results, quarterly activities, general operations of the Company and industry trends.  Simultaneously, a webcast of the conference call will be available to interested parties via an Internet link at www.chct.reit under the Investor Relations section.  A webcast replay will be available following the call at the same Internet site address.

Conference Call Details
Domestic Dial-In Number: 1-888-347-1332
International Dial-In Number: 1-412-902-4278
Canada Toll Free: 1-855-669-9657

Replay Conference Call Details
Domestic Dial-In Number: 1-877-344-7529
International Dial-In Number: 1-412-317-0088
Canada Toll Free: 1-855-669-9658
Conference ID:   4543081

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. The Company had investments of approximately $869.5 million in 159 real estate properties (including a portion of one property accounted for as a financing lease) as of June 30, 2022, located in 34 states, totaling approximately 3.4 million square feet.


Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “believes”, “expects”, “may”, “should”, “seeks”, “approximately”, “intends”, “plans”, “estimates”, “anticipates” or other similar words or expressions, including the negative thereof. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. Because forward-looking statements relate to future events, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Thus, the Company’s actual results and financial condition may differ materially from those indicated in such forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company’s common stock, changes in the Company’s business strategy, availability, terms and deployment of capital, the Company’s ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, the degree and nature of the Company’s competition, the ability to consummate acquisitions under contract
, effects on global and national markets as well as businesses resulting from the COVID-19 pandemic, and the other factors described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and the Company’s other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof.  The Company intends these forward-looking statements to speak only as of the time of this release and the Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.

CONTACT:  David H. Dupuy, 615-771-3052

Cision View original content:https://www.prnewswire.com/news-releases/community-healthcare-trust-announces-third-quarter-earnings-release-date-and-conference-call-301646148.html

SOURCE Community Healthcare Trust, Inc.

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Riley Permian to Participate in Fireside Chat with Water Tower Research

PR Newswire

OKLAHOMA CITY, Oct. 11, 2022 /PRNewswire/ — Riley Exploration Permian, Inc. (NYSE American: REPX) (“Riley Permian” or the “Company”) announced that members of its management team will participate in a fireside chat with Jeff Robertson of Water Tower Research on October 12th at 11:00am ET. The discussion will focus on Riley Permian’s business strategy, priorities and opportunities, among other topics.  

Interested parties who wish to listen or receive a link to the recording afterwards are encouraged to register at the following:  Registration Link 

About Riley Exploration Permian, Inc.

Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.

Investor Contact:

Rick D’Angelo

405-438-0126
[email protected]

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/riley-permian-to-participate-in-fireside-chat-with-water-tower-research-301646143.html

SOURCE Riley Exploration Permian, Inc.

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Retail Recalibration Key to Success In Hybrid Customer Era

82% of global in-store purchases influenced by online channels according to latest research from Manhattan Associates

ATLANTA, Oct. 11, 2022 (GLOBE NEWSWIRE) — Manhattan Associates Inc. (NASDAQ: MANH) has announced the findings of its latest international research, highlighting the need for retailers to keep up with the pace of evolving consumer expectations. It also revealed a retail landscape where the lines between physical and digital commerce are becoming increasingly blurred.

The global retail industry has grown accustomed to disruption. Over the past decade, it has witnessed seismic structural shifts as the sector transformed for the digital era and the pandemic upended shopping habits further, thrusting billions of consumers into a more digital world.

Recalibrating omnichannel

We are witnessing a period of evolution and recalibration, as it becomes increasingly difficult to distinguish between physical and digital retail.

“Shopping habits have changed forever,” commented Ann Sung Ruckstuhl, Manhattan’s senior vice president and chief marketing officer. “There can be no return to the status quo, with 83% of global retailers now claiming they operate a level of interconnection between their online and in-store functions.”

“As the retail industry recalibrates for this next normal, the ability to navigate disruption, while enhancing the physical and digital customer experience will become increasingly important; as will the technologies that allow retailers to fulfil in-store and online orders in an agile, sustainable and profitable fashion,” Ruckstuhl continued.

A single view of inventory

When it comes to fulfilment, the ‘one size fits all’ approach no longer works, and retailers are reacting to this.

Natalie Berg, retail analyst, author and founder of NBK Retail added, “While the vast majority of globally surveyed retailers stated that they have a level of interconnection between their online and in-store functions (83%), specifically in the US only around half are offering buy in-store and return online (52%), or buy online and return in-store (55%). And, only 3% of US retailers believed that they had an accurate overview of their inventory across their entire business (in-store and online) 100% of the time.

“Shoppers today expect to shop on their own terms with 80% considering the comfort of home delivery as the most important delivery method, 40% choosing click & collect, followed by contactless/curbside pickup at 34%. US shoppers are also looking for instant gratification with 30% considering same day home delivery very important. These findings highlight the importance of offering consumers choices when it comes to fulfilment options and the need for retailers to possess a single view of inventory, as keeping that all important customer promise just got a whole lot more complicated,” Berg commented.

This is clearly in sync with the priorities of the retailers since they listed checking stock availability (66%) as the most important customer-facing duties performed by their shop assistants. In-store handheld devices provided a consolidated view of inventory across the network – shops, distribution centers, in-transit (77%), and view of customer transactions online and in-store (73%).

Modern stores mirror the modern consumer

Almost a quarter of consumers (26%) now expect shop assistants to be able to check availability in a nearby store if a product is out of stock, or order that product for home delivery or collection (15%), highlighting the blending of the physical and digital retail spaces.

Ruckstuhl continued: “Interestingly, almost two-thirds (66%) of retailers agreed that checking stock availability was a top customer-facing duty performed by their shop assistants in 2022. Consumers also want more digital self-service. While 31% of consumers still favor traditional sales checkout in-store, 29% would like to use self-checkout on the shop floor, or use digital methods such as Scan and Go (12%), or checkout with a shop assistant via a mobile device (6%).

“Over the last decade bricks & mortar spaces were seen as liabilities in a digital era. However, the perception of the physical store has been fundamentally changed by the impact of the pandemic.

“Today, many retailers are reevaluating the roles of their stores, recognizing their added value as strategic hubs for online sales, not least as a fulfilment hub for click & collect, returns, endless aisles, same-day delivery and more. While digitalization and frictionless shopping are certainly two of the big winners from the pandemic, the research shows that we should not be too quick to discount the importance of human interaction or the role of the physical store in the era of digital commerce,” finished Ruckstuhl.

Additional research findings

  • 49% of consumers reported environmental/sustainability efforts were important or top considerations when choosing where and with whom to shop and 51% of consumers were okay with their delivery taking more than 2 days
  • 27% of retailers believe creating a more environmentally aware and sustainable supply chain is one of their top three priorities for 2023
  • 77% of retailers provide shop assistants with handheld devices that show a consolidated view of inventory across the network (shops, distribution centers, in-transit)
  • If a return is made in-store, 100% of retailers make the product available for resale with 40% making it available online, 29% putting it on the shop floor and 27% doing both
  • 66% of retailers reported that they are now operating micro-fulfilment strategies in efforts to service the numerous channels used by today’s hybrid consumers
  • The most common reasons for consumers to start the shopping experience online were to make sure the product is in stock (45%), read reviews (42%), find the best offers (39%) and to find out more about the product before making the purchase (39%),
  • 69% of consumers would like to have a choice of couriers to fulfil the delivery, with delivery dates and different cost options

If you have been interested by any of the research findings or emerging trends and would like to find out more, you can download the full report ‘Recalibrating for the Next Normal’ here.

*RESEARCH METHODOLOGY AND SAMPLE SIZE

3,500 adult (18+ years’ old) consumers were surveyed about their sentiment and attitudes towards the role of the physical store, innovative fulfilment options, inventory visibility, convenience, consistency across channels and the shift in commerce.

700 management or senior-level retailer respondents, representing Tier 1 retail organisations (generating more than $100m in annual revenue) and operating stores and online, in Grocery, Consumer Electronics, DIY and Home Improvement, Beauty, Sporting Goods, Fashion and Pets sectors were surveyed about their technology-based investment plans to support ecommerce, reduce customer friction, and increase fulfilment options.

Consumer and retailer respondents were based in the following countries: France (500), Germany (500), Italy (500), The Netherlands (500), UK (500) and USA (1,000).

ABOUT MANHATTAN ASSOCIATES

Manhattan Associates is a technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers.  Manhattan Associates designs, builds and delivers leading edge cloud solutions so that across the store, through your network or from your fulfilment center, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit www.manh.com.

PRESS CONTACT

Devika Goel
Manhattan Associates
470-435-1566 (mobile)
[email protected]



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VMware Launches Next G-AI Research and Innovation Centre in Montreal

Canada NewsWire

Partnerships with Canadian Universities and innovation community will advance research in cloud, networking, and AI technologies to support the development of 5G+ and 6G networks


MONTREAL
, Oct. 11, 2022 /CNW/ – VMware (NYSE: VMW), a leading innovator in enterprise software, today announced the opening of the VMware Next G-AI Research and Innovation Centre. The Centre will bring together VMware’s multi-cloud infrastructure, advanced networking, and Modern Application Development expertise with the latest in emerging Cloud Native development techniques, Artificial Intelligence (AI) and Machine Learning (ML) technologies to deliver a sustainable path to 5G+ and 6G technologies.

Today, VMware Canada officially opens the Next G-AI Research & Innovation Centre in Montreal, Quebec.

“Montreal has one of the most significant clusters of AI researchers in the world, as well as a thriving community of innovative startups,” said Kit Colbert, Chief Technology Officer, VMware. “Through partnerships with researchers, startups and industry partners, we will be able to bring together cloud, networking and AI to build 6G technologies that are sustainable and centered on human needs.”

The Next G-AI Research and Innovation Centre is part of the TETRA initiative. Located within Centech and ÉTS in Montreal, it supports three connected programs:

  • Applied Research: In partnership with Mitacs, VMware is working with researchers across Canada to develop sustainable 5G+ and 6G technologies, improve digital equity and rearchitect the Internet to an Open Grid.
  • Next G-AI Research & Innovation Lab: The Research & Innovation Lab provides researchers and industry partners with access to cutting-edge software and hardware that allows them to quickly validate and demonstrate key concepts.
  • Modern Application Software Factory: The VMware Tanzu Modern Software Factory provides VMware customers and partners with access to VMware Tanzu solutions and open-source technologies. The offering will comprise, Spring and .Net development expertise and tools, developer accelerators, automated container build service, support for any Kubernetes conformant run time along with the ability to build, run and manage software supply chains that deliver on the 5S promise of (speed, stability, savings, security, scalability).

Through partnerships with Mitacs, Centech and the IEEE, VMware will also provide selected researchers and startups access to both the Next G-AI Innovation Lab and Modern Application Software Factory.

“The Next G-AI Research and Innovation Centre will enable local, national and international research collaboration, and contribute significantly to the Montreal innovation ecosystem,” said John Hepburn, CEO of Mitacs. “We are proud to support this critical research to develop 6G technologies, with a focus on ensuring that they are sustainable, equitable and will benefit Canadians across the country.”

Partnership with Centech to support Montreal startups

Through the VMware Tanzu Modern Applications Software Factory, select partners and startups associated with Centech will have free access to Tanzu solutions and open-source technology. This set of enterprise-grade, platform-agnostic tools will allow participants to learn how to better build, deliver, and manage cloud native apps designed to run on any Kubernetes on-premises, in the public cloud or edge environments.

“Having access to the VMware Tanzu technology is an incredible advantage for our entrepreneurs,” said Richard Chenier, Director General, Centech. “Access to these powerful tools will allow startups to swiftly deploy modern applications, significantly speeding time to market and enabling them to be deployed in any environment.”

Addressing the Digital Divide

VMware, Mitacs and the IEEE Future Networks Initiative also announced the first Canadian-specific prize category in the Connecting the Unconnected Challenge, which seeks novel solutions for universal and affordable internet access.

“The Internet is a critical access point to education, economic opportunity, and health information and services,” said Mary Ward-Callan, Managing Director, Technical Activities, IEEE. “However, nearly half of the world remains unconnected. Through our partnership with VMware and Mitacs, we’re looking to work with Canadian competitors interested in tackling this critical humanitarian issue.”

The 2023 Challenge will kick-off in spring 2023, including the challenge specifically dedicated for Canadian researchers that has been jointly developed by the IEEE, VMware and Mitacs.

The Honorable François–Philippe Champagne, Minister of Innovation, Science and Industry of Canada, welcomed the opening of the VMware Next G-AI Research and Innovation Centre, adding, “Canada is a global leader in great talent, especially in emerging areas of technology like artificial intelligence and machine learning. This investment will further strengthen our ability to tackle some of the most important challenges facing our society, including the resilience of our communications network, and ultimately support Canadians across the country.”

“With some of the top researchers and a pool of more than 27,000 highly qualified talents, Montréal’s world-renowned expertise in artificial intelligence has a lot to offer to develop sustainable and accessible 5G+ and 6G technologies,” said Stéphane Paquet, President and CEO, Montréal International.

“The past two and a half years have shown us how reliable internet connections are vital to our well-being. This new Research and Innovation Centre puts our metropolis, once again, on the map as a city where knowledge and talent are dedicated to responding to pressing issues with the highest standards of quality.”

“VMware’s decision to establish its Next G-AI Research and Innovation Centre in Quebec demonstrates the attractiveness and expertise of Quebec in the technology sector. The Investissement Québec International teams are proud to have supported and guided VMware in the development of their project. The establishment of the Centre will advance important research towards 6G networks and provide opportunities for Quebec startups to test and develop their technology,” said Hubert Bolduc, President of Investissement Québec International.

About VMware

VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. For more information, please visit www.vmware.com/company. 

VMware and Tanzu are registered trademarks or trademarks of VMware, Inc. or its subsidiaries in the United States and other jurisdictions. This article may contain hyperlinks to non-VMware websites that are created and maintained by third parties who are solely responsible for the content on such websites.

SOURCE VMware Canada