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Deluxe Named to Business Transformation 150 List By Investing.com

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Payments and Data Company recognized by Constellation Research Inc. for transformative, tech-driven efforts

MINNEAPOLIS–(BUSINESS WIRE)–Deluxe (NYSE: DLX), a modern Payments and Data company, today announced it has been recognized as part of the Business Transformation 150 (BT150) list, compiled by Constellation Research. The list specifically includes Yogaraj Yogs Jayaprakasam, SVP and Chief Technology and Digital Officer at Deluxe (NYSE:), as a key leader who demonstrates a comprehensive understanding of how the world is responding to disruptive forces and how technology can be leveraged for future innovation.

Deluxe continues to receive recognition for its ongoing transformation, putting technology and digital-first solutions at the forefront of its offerings. The BT150 recognition comes on the heels of other national recognition for Jayaprakasam and Deluxe, including being named a CIO 100 Award winner and one of America’s Most Trustworthy Companies by Newsweek for the third consecutive year.

Inclusion on this list is further testament to our efforts to put technology at the core of the Deluxe offering, said Jayaprakasam. Technology and innovation have fueled our transformation from a legacy printing and manufacturing company to the modern digital payments and data analytics provider we are today. I am honored to be included among so many gifted leaders to represent our team’s incredible work, and excited for the future for Deluxe and our customers.

The BT150 is an elite list that recognizes the world’s most influential executives and their innovative application of technology to drive business transformation across a variety of industries, including financial services. Nominations from peers, industry influencers, technology vendors and analysts power the selection process each year.

“The leaders listed on the BT150 have not only shown why every organization is now a tech company, but also why every organization needs digital leadership in the executive ranks,” noted R “Ray” Wang, Founder and CEO at Constellation Research.

About Deluxe Corporation

Deluxe, a modern Payments and Data company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world’s largest consumer brands, while processing more than $2 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers’ most trusted business partner. To learn how we can help your business, visit us at www.deluxe.com.

Brian Anderson, VP, Strategy & Investor Relations
651-447-4197
brian.anderson@deluxe.com

Keith Negrin, VP, Communications
612-669-1459
keith.negrin@deluxe.com

Source: Deluxe Corporation



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Casey’s General Stores stock target cut, keeps rating on robust business model By Investing.com

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On Thursday, BMO Capital adjusted its outlook on Casey’s General Stores (NASDAQ:) by increasing the stock price target to $400 from the previous $305. The firm maintained a Market Perform rating on the stock. The new price target reflects a valuation of 26-27 times the price-to-earnings (P/E) ratio or 13 times the enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA).

The revision comes after Casey’s General Stores provided their fiscal fourth quarter 2024 and fiscal year 2025 guidance, which demonstrated the company’s robust business model. The convenience store chain’s performance has been notably resilient despite a broader weakening in the industry.

The management’s strategic decisions on pricing, store simplification, and innovation in their prepared foods offerings have been key factors in strengthening Casey’s competitive position.

The analyst highlighted that the higher target price is primarily due to increased margin estimates for consumer packaged goods (CPG). While the trends at Casey’s have been impressive, BMO Capital’s Market Perform rating remains unchanged. The caution stems from potential volatility in the CPG margins and the observation that the stock multiples are now significantly higher than pre-pandemic levels.

Casey’s General Stores’ strategic initiatives have been successful in differentiating the company from its competitors. The focus on prepared foods and operational efficiencies has played a significant role in their recent performance.

In conclusion, BMO Capital’s updated price target for Casey’s General Stores indicates a positive view of the company’s recent business strategies and financial outlook. Still, the firm’s rating remains at Market Perform due to the perceived risks associated with margin volatility and high valuation multiples.

In other recent news, Casey’s General Stores has been experiencing a surge in earnings and revenue, with a significant year-over-year earnings per share (EPS) increase of 56% to $2.34 in the fourth fiscal quarter of 2023. This boost was credited to strong sales both in-store and at the gas pumps. The company’s net income for the year was a notable $502 million, and it achieved $1.1 billion in EBITDA, an 11% increase compared to the previous year.

In addition to financial performance, Casey’s General Stores is planning to expand by adding at least 100 stores in fiscal 2025 through mergers, acquisitions, and new store constructions. Goldman Sachs, Wells Fargo, Deutsche Bank, and Benchmark have all increased their price targets for the company’s shares, maintaining positive ratings on the stock.

Still, despite the positive results, Goldman Sachs believes the current stock valuation reflects a balanced risk/reward scenario, maintaining a Neutral stance on the shares. The firm also noted potential challenges due to fluctuating costs, fuel market volatility, and ongoing uncertainty surrounding consumer health.

These recent developments suggest that Casey’s General Stores is positioned to continue its positive performance in the upcoming fiscal year.

InvestingPro Insights

Following BMO Capital’s revised outlook on Casey’s General Stores, with a boosted price target to $400, the real-time metrics from InvestingPro offer additional insights. Casey’s General Stores currently boasts a market capitalization of $13.99 billion and trades at a P/E ratio of 28.38, indicating a premium valuation in line with BMO Capital’s analysis. The company has demonstrated a solid performance with a 1-year price total return of 73.8%, signaling strong investor confidence in its business strategies and market position.

InvestingPro Tips highlight Casey’s impressive track record of dividend growth, with the company raising its dividend for 24 consecutive years, underscoring its commitment to shareholder returns. Additionally, the stock’s significant return over the last week, with a 1-week price total return of 16.6%, reflects a bullish sentiment in the market. Still, investors should note that 4 analysts have revised their earnings downwards for the upcoming period, suggesting potential headwinds that may impact future earnings.

For those looking to delve deeper into Casey’s General Stores’ financials and stock performance, InvestingPro offers additional tips and metrics. Utilize coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and discover the full range of insights available, including 15 additional InvestingPro Tips for Casey’s General Stores.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



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Business confidence rebounds off steady hiring and predictable inflation

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Confidence among the state’s employers bounced back in a big way in May, buoyed by a steady stream of new hires and predictable — if inflated — economic conditions, according to the latest survey by Associated Industries of Massachusetts.

The Association’s Monthly Business Confidence Index showed confidence grew among the Bay State’s employers by a full 1.4 points to 53.3% on the up-side, rebounding “as the state and national economies continued their tenuous expansions” and ending a two month slide toward pessimistic territory.

Massachusetts business owners are feeling better about the state of things after months of stable hiring in the midst of historically low unemployment and, while inflation remains higher than would be ideal, it’s at least been a relatively consistent problem, according to the Index.

“Steady hiring nationally continues to fuel consumer spending. US employers added 2.75 million jobs during the past 12 months, including 272,000 just in May. Payroll employment in Massachusetts also grew 2.2 percent on an annualized basis during the first quarter, just above the national growth rate of 2.0 percent, and well up from the state’s annualized job-growth pace of 0.7 percent in the fourth quarter of 2023,” Sara Johnson, the Chair of the AIM’s Board of Economic Advisors, said with the report’s release.

Despite the optimistic turn among most employers, not every sector is feeling better about the future, according to the survey. Manufacturing companies reported a “significant confidence gap” compared to their non-manufacturer compatriots, coming in at 46% confidence versus 54.7%.

Confidence also varied according to region. Sentiment climbed out of the pessimistic range in the Worcester region, up from 45.9% to 50.6%, but fell dramatically around Springfield, from 48.4% to 44.8%. Confidence among businesses on the North Shore, “remained firmly in optimistic territory” at 55.7%.

Despite the overall increase in business confidence, AIM economic advisory board member Barry Bluestone, a retired Professor of Public Policy and Urban Affairs at Northeastern University, said that the survey also shows that employers are concerned about their ability to hold onto top talent in the face of an ongoing statewide housing crisis.

“The fact that Governor Maura Healey and the Massachusetts House of Representatives have put forward proposals to increase the supply of housing in the Commonwealth is a good sign that elected officials are determined to address this important economic issue,” Bluestone said said.

AIM surveys more than 140 Bay State businesses to produce their monthly index, the first of which was published in July of 1991. According to AIM, business confidence hit historic highs in 1997 and 1998, with two months in either year showing 68.5% confidence, and hit a low in February of 2009, when it was 33.3%.

Seperately Wednesday, government economists released data showing consumer prices excluding volatile food and energy costs — the closely watched “core” index — rose 0.2% from April to May. That was down from 0.3% the previous month and was the smallest increase since October. Measured from a year earlier, core prices climbed 3.4%, below last month’s 3.6% rise, representing the mildest such increase in three years.

Overall inflation also slowed last month, with consumer prices unchanged from April to May. Measured from a year earlier, prices rose 3.3%, less than the 3.6% increase a month earlier.



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Business boom builds Qatar-Saudi entente as Gulf rift fades By Reuters

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By Andrew Mills

DOHA (Reuters) -When Saudi Crown Prince Mohammed bin Salman buckled himself into a Bentley SUV with Qatar’s emir at the wheel, it was a moment of camaraderie that followed years of prickly relations – and a chance for his host to show off Doha’s gleaming new buildings.

Prince Mohammed’s visit to the tiny neighbouring Gulf state in 2021 not only helped bury a bitter political grudge that had rumbled on for three years, it also ignited a rise in Qatar-Saudi business ties that has gathered pace ever since.

His SUV tour of the Qatari capital took in a new 10-lane expressway, a futuristic metro and a 90,000-seat World Cup stadium radiant in gold-coloured cladding – exactly the kind of mega projects the Saudi prince is in a hurry to build back home.

Local news reports of the leaders’ car ride made no mention of MbS’s reaction to the sights. But a subsequent burst of new business between Qatari and Saudi companies — from railways, to weapons and even a project to bring snow to the Saudi desert — suggest his visit helped inspire a turning point in ties.

The Qatari and Saudi government media offices did not respond to requests for comment about growing relations between the two countries.

When the 2022 World Cup concluded, ending a decade-long construction boom in Qatar, Qatari companies seized the chance to offer the kingdom the know-how and capacity they had honed in the lead-up to the world’s biggest sporting event.

The move generated at least $10 billion in contracts and cemented a partnership between Qatar’s Sheikh Tamim bin Hamed Al Thani and Prince Mohammed, also known as MbS, a development applauded by Western allies keen to shore up stability in an unstable region, four business executives, three analysts and two diplomats said.

The size of Saudi contracts won by Qatari contractors since the boycott has not been previously reported and shows Qatar firms are closely involved in completing Saudi so-called giga projects, big ventures that are central to ambitious 2030 targets to diversify the Saudi economy away from oil.

The alliance is in stark contrast to a rift that started in 2017 when Saudi Arabia, the United Arab Emirates (UAE), Bahrain, Oman and Egypt choked off Qatar’s economy with a boycott, accusing it of backing terrorists. Qatar denied the charges and the rift was ended in a series of conciliatory moves in 2021.

“There is so much work (in Saudi Arabia), I think all the companies in the Middle East will go,” said Saif-ur-Rehman Khan, managing director and owner of Redco International, a Qatari construction company.

Redco’s Khan said the MbS visit was important because it prompted a joint Saudi-Qatar committee charged with restoring ties to identify Qatari firms well-placed to contribute to Saudi projects.

Two years on, a December 2023 meeting of the Saudi-Qatari coordination committee was held in a “spirit of friendship, brotherhood and mutual trust” and sought to bring a “renaissance for the two countries”, according to a joint statement.

Redco is now focused on precast concrete and concrete plants that are now involved in NEOM, the multi-billion dollar Saudi flagship project, a huge economic zone the size of Belgium.

‘START RIGHT AWAY’

For four decades, Redco made billions by focusing only on Qatari projects. But the company’s focus has shifted to Saudi Arabia in a big way: its first two contracts in the kingdom are worth $3 billion, and it has moved the majority of its employees – more than 8,000 – and much of its heavy equipment inventory from Qatar to an industrial zone on the Red Sea coast, Khan said.

MbS’s 2021 visit prompted Saudi authorities to invite Qatar’s top construction companies to bid for work, Khan said. As Redco’s work on World Cup projects wrapped up, Khan travelled to NEOM and put together a proposal.

“They welcomed us and made it easy to bid,” he said, adding that Neom waived a customary requirement for bidders to put down a 10% bond because Redco had no banking facility in the kingdom.

Some NEOM projects are delayed but Redco has pushed ahead.

Over six months, Redco built a 1.5 km long precast concrete factory, the world’s largest, and now is at work on tunnels for an underground railway and infrastructure corridor and culverts for a 147 km (91 mile) long pipeline to supply water to make snow at Trojena, Saudi Arabia’s first ski hill.

“They wanted us to start right away, with no mobilization period. And we did,” Khan said.

NEOM’s media office did not comment when contacted by Reuters.

The neighbours are also growing aligned diplomatically.

Saudi Arabia, for example, supports Qatar’s efforts to mediate between Israel and Hamas over the war in Gaza.

Doha has avoided discord with Riyadh by dialling back some aspects of its foreign policy, like withdrawing opposition to Saudi efforts to welcome Syria back to the Arab League and taking a backseat on peace negotiations in Yemen and Sudan.

FROM FLYING IN COWS TO PROJECTS WORTH $7 BLN

Qatar and Saudi Arabia are also exploring ways to make weapons and other defence items together, with Barzan Holdings, a defence company part-owned by Qatar’s defence ministry, agreeing in February to work with SAMI, its Saudi counterpart.

“If we did not have the political blessing from both sides, we would not have this opportunity to work together,” said Barzan CEO Abdullah Al-Khater.

Riyadh aims to spend half its arms budget domestically, which represents “something huge” for Barzan, he said.

“Stronger economic ties bind the interests of Qatar and Saudi Arabia closer together in ways that overcome the issues of the recent past and underpin the rapid improvement in the political relationship,” said Kristian Coates Ulrichsen, Gulf expert and fellow at Rice University’s Baker Institute.

For Qatar, a top liquefied exporter, it is a chance to strengthen ties with the most powerful Arab country, and in the process try to diversify its economy.

In an example of a reversal of fortunes, entrepreneurs Moutaz and Ramez Al-Khayyat had side-stepped the Saudi-led boycott of Qatar by flying-in 4,000 milk cows to ease a critical food shortage in the desert country.

Riyadh had closed the border, choking off Qatar’s main food and dairy supply route to try to bring Qatar to heel.

The Syrian-Qatari brothers, who did no business with Saudi Arabia during the Gulf rift, now have $7 billion worth of construction projects in the pipeline inside the kingdom, Moutaz Al-Khayyat told Reuters.

They are hoping to double that amount, he added.

“The door is now open.”

Al-Khayyat, chairman of Power International Holding, a group of more than 40 companies, now shrugs off the Saudi-led boycott altogether: “It was a small period. An incident,” he said.



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Kim, AME for business at Star Tribune, is departing

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Courtnay Kim

Courtnay Kim, the assistant managing editor for business news at the Minneapolis Star Tribune, is leaving the organization after 25 years.

Her last day is July 1.

She was the first woman of color with that role at the role. With 17 reporters and editors, the department is one of the largest business-news operations at a newspaper in the country.

“I cannot thank my team enough,” she wrote on LinkedIn. “I know they will continue to create evocative and compelling work, fulfilling the mission we, as journalists, carry. It has been such an honor and a privilege to work with each one of these thoughtful, compassionate and brilliant humans for as long as I did.”

Kim previously was national editor, senior wire editor, copy editor and multi-platform editor at the Star Tribune. She also worked at Newsday and the Seattle Post-Intelligencer.

She is a graduate of the University of Minnesota.



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Business Insider taps Nicoll to cover private equity

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Alex Nicoll

Alex Nicoll is now the private equity reporter at Business Insider.

He previously was covering real estate, the tensions between real estate investors, tenants, and homeowners, and how technology and material conditions are changing the buildings we spend our time in.

He’s previously written about the real reasons that Zillow Offers lost so much money on homes during a historic bull market, the historic amount of money investors are pouring into the housing market and why they may be squeezing out ordinary homebuyers, how student loan forgiveness could jumpstart the housing market, how Better CEO Vishal Garg went from a celebrated startup CEO to an avatar for bad bosses everywhere, and a real estate’s scion new cryptocurrency that’s backed by gold he says is buried near Las Vegas.

He previously worked for Bridgewater Associates and Peloton.

He graduated from Boston College with a bachelor’s degree in English and then from Columbia University’s Graduate School of Journalism with a master’s degree.



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Dallke departing American City Business Journals

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Jim Dallke

Jim Dallkenational editor of the American City Business Journals publication American Inno, is leaving the news organization.

He is becoming communications director of the TechNexus Venture Collaborative.

American Inno covers startups and entrepreneurship. Dallke worked on national Inno projects and initiatives, and working with Inno reporters across the country, as well as starting an Inno newsletter.

“ACBJ has been a fabulous place to build a journalism career, but I’m thrilled to take this next step,” he wrote on Twitter.

Dallke has been a senior editor at Inno and started Chicago Inno. He previously worked at the Northwest Herald and at WWAY in Wilmington, North Carolina.



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The Andover Companies Selects Guidewire Predict to Enhance Underwriting and Claims Efficiencies for Business Profitability and Growth By Investing.com

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ANDOVER, Mass. & SAN MATEO, Calif.–(BUSINESS WIRE)–The Andover Companies, one of the largest and longest-standing mutual insurance groups in the Northeast United States (U.S.), and Guidewire (NYSE: NYSE:) announced that The Andover Companies, a Guidewire InsuranceNow customer since 2015, selected Guidewire Predict to segment risks by their impact on loss ratio to better compete in the Northeast U.S. insurance market.

Our immediate goals for selecting Predict are to better understand loss predictors and more clearly define our ideal customer risk profiles. Predict will ultimately help us increase profitability by driving accurate decisions while promoting consistency and efficiency for our underwriters and claims handlers, said The Andover Companies Business Intelligence Director Beau Breton. Predict’s pre-built, seamless integration with InsuranceNow and the ability to leverage Guidewire Analytics Manager to control how predictive information is used appealed to us. We’re also excited about the potential that the Tune module presents for pricing initiatives in the future.

Our mission is to help insurers by offering a comprehensive predictive analytics platform enabling them to offer more policies and more coverage to more customers and empowering those customers to live, work, and play with the confidence that they are covered, said Guidewire Senior Vice President and General Manager of Data and Analytics Leo Tenenblat. We applaud The Andover Companies’ 196 years of service and are excited to support their use of analytics to further their commitment to providing the highest-quality home and business insurance solutions to meet the requirements of today’s property owners.

About The Andover Companies

The Andover Companies is one of the largest and longest-standing property and casualty mutual insurance groups in the Northeast, writing business across Massachusetts, Maine, New Hampshire, Rhode Island, Connecticut, New York, New Jersey, and Illinois. We are made up of three distinct subsidiaries, Merrimack Mutual Fire, Cambridge Mutual Fire, and Bay State, enabling us to provide a wide range of coverage solutions and services that shield personal and commercial properties and their owners from risk. As our company approaches its 200th year in business, we are just as committed as our founders were to protecting our policyholders and continuing to build the most reliable network of local and independent insurance agents in the region. Consistently rated A or higher by the AM Best Co. for over a century, we display an unwavering ambition to safeguard our neighbors and communities. For more information, visit www.andovercompanies.com.

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. ‹We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 540 insurers in 40 countries, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with more than 1,600 successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit http://www.guidewire.com/ and follow us on X (formerly known as Twitter) and LinkedIn.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

Diana Stott
Director, Communications
Guidewire Software, Inc.
+1.650.781.9955
dstott@guidewire.com

Rebecca Green
Marketing Coordinator
The Andover Companies
+1.978.979.9172
rgreen@andovercos.com

Source: Guidewire Software



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Learn CW Investment Corporation Extends Period to Consummate Initial Business Combination By Investing.com

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LOS ANGELES–(BUSINESS WIRE)–Learn CW Investment Corporation (the Company, we or our), a special purpose acquisition company, announced today that it has further extended the period of time the Company will have to consummate its initial business combination by an additional one month from June 13, 2024 to July 13, 2024 (the Extension) through the timely deposit of an aggregate of $150,000 into the Company’s trust account. This Extension is the ninth of up to twelve one-month extensions permitted under the Company’s governing documents, as amended pursuant to the Extraordinary General Meeting of the Company shareholders that took place on October 11, 2023.

About the Company

Learn CW Investment Corporation is a blank check company formed as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Forward-Looking Statements

This press release may include 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. Forward-looking statements are subject to numerous conditions, risks and changes in circumstances, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertakings to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Media Requests
Learn CW Investment Corporation
Harry Bator
harry@learn.vc

Source: Learn CW Investment Corporation



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When your business news content gets stolen by AI

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Randall Lane

Forbes chief content officer Randall Lane writes about the impact of Perplexity taking the business news organization’s content without its permission and publishing it.

Lane writes, “When Forbes Executive Editor John Paczkowski called out Srinivas on X for what the company had done, Srinivas responded that this new ‘product feature’ had some ‘rough edges.’ (‘Product feature sound nice, but us media types call it plagiarism,’ longtime tech journalist Kara Swisher adroitly responded on X.) And that was that: the story wasn’t removed, nor was there an apology, nor was the story corrected to provide more transparent attribution within the text. Just some thanks, as Srinivas said this incident would help make things better going forward for…Perplexity. AI loves to learn, after all. (And in fact, the startup quietly changed the formatting of its blog posts to highlight the sources more prominently and to include images’ sources — but there’s still no attribution in the story itself.)

“From there Srinivas doubled-down, using the incident as an excuse to brag about what Perplexity does for the media sites it steals from. ‘Perplexity has been the #2 referral source for Forbes (behind only Wikipedia) and the top referrer for other publishers,’ he wrote on X — disingenuously.

“Referral traffic, which just means the traffic that comes from links within stories, comprises maybe 3% of our total audience. It doesn’t cover, among other things, social media, aggregators or search. (Did we mention that Perplexity is a search engine?) Factor all of that in, and Perplexity rates as our 54th biggest traffic source in terms of users — or 0.014%. Not exactly the savior of journalism Srinivas tried to position himself as — though maybe Forbes is saving him. Perplexity generated more readers from the one Schmidt story it plagiarized from Forbes than it sent to Forbes from any and every post for the entire month of May. In AI nowadays, that trade gets you a billion-dollar valuation.

“Why is all this important? It’s the perfect case study for this critical moment. AI is only as good as the people overseeing it. I’m an AI bull, and in the right hands, productivity and advances and prosperity await. But in the hands of the likes of Srinivas — who has the reputation as being great at the PhD tech stuff and less-than-great at the basic human stuff — amorality poses existential risk.”

Read more here.



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Playa Hotels & Resorts maintains stock target, Outperform rating on overall business trends By Investing.com

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On Tuesday, Oppenheimer maintained its Outperform rating and $12.00 stock price target on NASDAQ:PLYA, following discussions at the 24th Annual Oppenheimer Consumer Growth and E-Commerce Conference. Playa Hotels & Resorts management highlighted several aspects of their business, including current trends, the performance of their Jamaican segment, and their strategy for capital allocation.

During the conference, Playa Hotels & Resorts’ team addressed the Jamaican government’s plans to launch a marketing campaign aimed at enhancing traveler perceptions. Despite this, the company acknowledged that demand for summer stays is currently weak, with daily bookings not matching the levels seen in previous periods.

Management anticipates that it may take up to six months for the effects of travel advisories or external events to diminish. Still, they are optimistic about the return of more travelers from the eastern U.S. markets during the high season.

In contrast to Jamaica, demand for Playa’s destinations in Mexico remains robust. The company sees potential for growth next year, particularly due to ongoing renovations at their properties in Los Cabos and Puerto Vallarta. Moreover, Hyatt Cap Cana has been identified as a consistently strong performer within the company’s portfolio.

Playa Hotels & Resorts’ management’s commentary at the conference provided insights into the company’s current operations and future prospects. While summer demand is weaker, there are indications of a potential increase in travelers in the coming months, and ongoing renovations are expected to contribute to growth opportunities.

In other recent news, Playa Hotels & Resorts has been a topic of discussion among investors following key developments. Deutsche Bank recently adjusted its outlook on the company’s shares, lowering the price target from $16 to $14, while maintaining a positive stance with a Buy rating. This decision is based on a comparative analysis of Playa’s growth relative to the broader U.S. resort market, which is seeing a slowdown.

Despite this, Playa Hotels & Resorts reported robust first-quarter results for 2024, exceeding expectations with an owned resort EBITDA of $194 million. The company’s performance is attributed to strong demand, particularly in Mexico, and significant growth in the Yucatan region. Playa’s strategic financial management, including share repurchases and risk mitigation efforts, have also been noted.

On the other hand, the company has faced challenges such as the US State Department’s Travel Advisory for Jamaica and decreased World of Hyatt redemption bookings. Despite these hurdles, Playa remains optimistic about future renovations and their partnership with Hyatt. These are some of the recent developments that have been influencing the company’s trajectory.

InvestingPro Insights

As Playa Hotels & Resorts (NASDAQ:PLYA) navigates through the complexities of the tourism industry, recent data from InvestingPro offers a mixed picture of the company’s financial health and stock performance. With a market capitalization of $1.12 billion and a trailing P/E ratio of 17.24, Playa presents itself as a company with a reasonable valuation in the context of its near-term earnings growth. The PEG ratio, which stands at a favorable 0.55, suggests that the stock may be undervalized relative to its earnings growth potential.

On the operational front, Playa’s revenue growth over the last twelve months as of Q1 2024 has been solid at 10.38%, with a gross profit margin of 47.65%. This indicates a robust ability to turn revenue into profit, a key strength in the competitive hospitality sector. Moreover, the company’s liquid assets exceed its short-term obligations, providing financial flexibility and stability.

Investors considering PLYA will find that management’s confidence is reflected in their aggressive share buyback strategy, an InvestingPro Tip that often signals a belief in undervalued stock. Moreover, the company’s low price volatility can be appealing to those seeking a less turbulent investment experience. For those interested in a deeper dive into the company’s prospects, InvestingPro offers additional tips on the stock. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to the full suite of insights, including 7 more InvestingPro Tips for PLYA, available at: https://www.investing.com/pro/PLYA.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



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Houston’s Entertainment Scene Ignites with UniverSoul Circus 30th

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As things heat up in Houston this June, so does the entertainment, starting with the UniverSoul Circus and a series of hot concerts across the city. UniverSoul Circus is marking a major milestone with its 30th anniversary “Family Reunion Tour,” and Houston is on the schedule. From June 13 to July 7, the circus at Butler Stadium will bring a global troupe of performers from Ethiopia to Mongolia. According to the Houston Chronicle, UniverSoul Circus founder and CEO Cedric Walker emphasized the show’s community spirit, stating, “Our special presentation of ‘Cousins ​​Around the World’ celebrates a global community that connects us all in a more inclusive society.” With acts like the Power of Love duo and the African Dream Hoop Divers, the circus promises an eclectic mix of pageantry and artistry for all ages.

But UniverSoul isn’t the only act in town. Houston’s June concert calendar is filled with big names braving the scourge of every Southern summer – the heat. According to CultureMap Houston, from the indie vibes of Vampire Weekend to the hip-hop of her hometown Megan Thee Stallion, the city’s outdoor venues are transforming into exciting hotspots for music lovers. Amid these events, the Silversun Pickups will showcase their alternative rock flair at the House of Blues on June 11th, promising a performance reminiscent of the Smashing Pumpkins of their heyday.

For those looking to toast a pint with music, Saint Arnold Brewing Company is hosting its 30th anniversary party on June 8th with an ensemble cast of Houston’s finest like Kam Franklin and Devin the Dude. Known as The Houston Super Group, the collective heralds a convergence of genres that reflects a microcosm of the city’s diverse soundscape. Ticket buyers eager to see live performances in the sun will need to slather on sunscreen and prepare to hydrate, because when it comes to Houston’s outdoor venues, Mother Nature and her rusty tendencies are no slouch.

Styx and Foreigner will also be rocking the city, with a June 22 performance at the Cynthia Woods Mitchell Pavilion that’s sure to draw the daddy crowd. And if rock isn’t your thing, Alanis Morissette might strike a chord with her emotionally charged anthems on June 16, supported by none other than Joan Jett & The Blackhearts and Morgan Wade. As the month draws to a close, Mother Mother heads to 713 Music Hall on June 25, riding the wave of newfound TikTok fame. The Vancouver-based band’s rise from Canadian modesty to international stardom is a testament to the unpredictable power of viral internet trends.

The highlight of June’s melodic offering is the Doobie Brothers, who take the stage on June 30th. With Michael McDonald back on vocals, they’ll serve up classics from the past decades and prove that in Houston, the summer heat can’t affect the city’s scorching entertainment scene.

US small business sentiment up in May, but looming election clouds outlook By Reuters

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(Reuters) – U.S. small-business confidence and hiring plans increased in May to their highest levels of the year, but the looming U.S. presidential election also drove uncertainty to nearly a four-year high, a survey showed on Tuesday.

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose eight-tenths of a point to 90.5 last month, the second consecutive month it has risen after slumping in March to the lowest level since December 2012.

Despite the gain, it was the 29th straight month the index was below the 50-year average of 98. The NFIB’s Uncertainty Index rose nine points to 85, the highest reading since November 2020, the month the last U.S. presidential election took place.

Twenty-two percent of owners reported that inflation was their single most important problem in operating their business, unchanged from April. The share of businesses planning price hikes increased two points to 28%.

The net percent of owners raising average selling prices was 25%, also unchanged from April. The Federal Reserve is keenly monitoring the pace of price increases as it tries to return inflation to its 2% target.

There were some indications that small business owners may be beginning to pull back on raising wages. A net 37% of owners reported increasing compensation, down one point from 38% in April, while 18% planned to boost compensation over the next three months, down three points and the lowest reading since March 2021.

Small businesses have increasingly felt pressured in the face of persistent inflation and high borrowing costs. The U.S. central bank on Wednesday is expected to leave its benchmark overnight interest rate unchanged in the current 5.25%-5.50% range, where it has been since last July. The Fed has raised its policy rate by 525 basis points since March 2022 in order to quash elevated inflation.

“For 29 consecutive months, small business owners have expressed historically low optimism and their views about future business conditions are at the worst levels seen in 50 years,” said Bill Dunkelberg, NFIB’s chief economist, as inflation once again topped the list of small business owners’ concerns.

Inflation remains sticky at elevated levels and renewed evidence that the job market continues to add workers at a solid clip has caused financial markets to reduce bets to about even odds that the Fed will start its easing cycle in September.



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Germany drums up business support to rebuild post-war Ukraine By Reuters

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BERLIN (Reuters) – German Chancellor Olaf Scholz on Tuesday rallied private companies to put their money into rebuilding Ukraine, as he launched a conference in Berlin dedicated to mobilising international support for post-war reconstruction.

Citing World Bank estimates that Ukraine could need $500 billion over a decade, Scholz said companies had to be offered a business case for investing and talked up Ukraine’s potential in sectors including renewables, IT and pharmaceuticals.

He also said Germany was sending more air defence systems, missiles and munitions to bolster Kyiv’s defences against a barrage of Russian attacks on cities and critical infrastructure more than two years after Russia launched a full-scale invasion.

“The best kind of reconstruction is the one that doesn’t have to happen at all,” Scholz said.

Kyiv hopes the recovery conference will cement its credentials as a future member of the European Union that is worthy of huge injections of reconstruction financing even as Russian forces continue to make slow advances in Ukraine’s east.

It comes days before Switzerland hosts an international conference to find a path to peace in Ukraine but which has been shunned by China and dismissed as a waste of time by Russia, which was not invited to attend.

Kyiv says its energy system particularly is in urgent need of support as a Russian airstrike campaign that began in March has inflicted heavy damage to power generating capacity, causing scheduled blackouts in the capital and across the country.

The Berlin conference was tainted this week by the resignation of a top Ukrainian reconstruction official and prominent former lawmaker who said “systemic obstacles” were making his job untenable.



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Zain Sudan Rebuilds Wireless Business in Record Time with CSG By Investing.com

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Re-connects the people of Sudan during time of crisis with improved customer experience

KHARTOUM, Sudan–(BUSINESS WIRE)–Zain Sudan, part of Zain Group, a leading wireless operator in the Middle East and North Africa, is a frontrunner in customer engagement through Unstructured Supplementary Service Data (USSD). After a recent data centre outage, Zain Sudan trusted CSG ® (NASDAQ: CSGS) to drive the disaster recovery of its wireless business and keep the people of Sudan connected, while preserving its market leadership. Through a gateway rebuild, Zain Sudan quickly relaunched essential services so customers could manage plans and check balances while it rebuilt its wireless business with CSG in less than 21 days.

The USSD channel is crucial for Zain Sudan customers to stay connected. When our data centre went down, we needed to quickly reestablish this channel to minimise disruption for our customers, said Emad Elsheikh, CTO, Zain Sudan. The way CSG helped us overcome this outage set a new standard for collaboration and trust. From the challenges we faced re-engaging with customers to delivering the uninterrupted services we’re known for, the CSG team surpassed our expectations of what was possible. Within a few days of launching CSG’s USSD Gateway solution, we were back on our feet, receiving 5.7 million balance enquiries and 4.7 million plan purchases daily. This wouldn’t have been possible without CSG.”

In emerging markets, like Sudan, where data services aren’t always available, USSD is a vital channel operators use to engage with customers. When Zain Sudan lost its data centre due to the ongoing conflict in Sudan, its USSD gateway collapsed, halting services in the country. Without a system to answer B2C and B2B balance enquiries or sell data bundles and plans, Zain Sudan could not deliver services. CSG’s prompt gateway rebuild enabled Zain Sudan to quickly regain revenue and allow the people of Sudan to stay connected during this challenging time.

Managing a large-scale subscriber base during times of conflict is a tough task for any operator, said Mayoor Mahendra, VP of Networks Solutions, CSG. After Zain Sudan’s data centre went down, CSG jumped into action to configure Zain’s essential services onto our USSD gateway. The speed and agility with which our team responded is what it means to be customer obsessed. By putting our customer first, CSG helped Zain Sudan minimise revenue loss and boost the customer experience.

Get the facts on CSG USSD Gateway’s capabilities and how the solution can help reduce churn.

About CSG

CSG empowers companies to build unforgettable experiences, making it easier for people and businesses to connect with, use and pay for the services they value most. Our customer experience, billing and payments solutions help companies of any size make money and make a difference. With our SaaS solutions, company leaders can take control of their future and tap into guidance along the way from our fiercely committed and forward-thinking CSGers around the world.

Want to be future-ready and a change-maker like the global brands that trust CSG? Visit csgi.com to learn more.

Kristine Østergaard
Public Relations
+44 (0)79 2047 7204
kristine.ostergaard@csgi.com

John Rea
Investor Relations
+1 (210) 687-4409
john.rea@csgi.com

Source: CSG



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Feutune Light Acquisition Corporation Announces that It Will Adjourn the Special Meeting of Stockholders to Approve Business Combination with Thunder Power Holdings Limited to June 17, 2024

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  • Special meeting of Feutune Light Acquisition Corporation stockholders to be adjourned until June 17, 2024, at 9:00 a.m., Eastern Time

Wilmington, DE, June 11, 2024 (GLOBE NEWSWIRE) — Feutune Light Acquisition Corporation (Nasdaq: FLFV), a special purpose acquisition company (FLFV), today announced that it will adjourn its special meeting of stockholders (the Special Meeting) scheduled to be held on June 11, 2024 at 9:00 am Eastern Time. The Special Meeting will be adjourned to June 17, 2024 at 9:00 a.m. Eastern Time (the New Meeting Date). As previously announced, the Special Meeting will occur virtually via teleconference with the same access information at:  +1 813-308-9980 (access code: 173547).

As a result of the adjournment, FLFV’s public stockholders will have until June 13, 2024 (two business days prior to the New Meeting Date) to exercise their redemption rights. The Special Meeting is being held to vote on the proposals described in the prospectus/proxy statement filed by FLFV with the Securities and Exchange Commission (the SEC) (File No. 333-275933) on May 16, 2024, including approval of the Agreement and Plan of Merger, dated as of October  26, 2023, as amended from time to time, by and among FLFV, Feutune Light Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of FLFV (Merger Sub), and Thunder Power Holdings Limited, a British Virgin Islands company (Thunder Power), pursuant to which Thunder Power will merge with and into Merger Sub, with Merger Sub surviving as a wholly-owned  subsidiary of FLFV.

Stockholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action. Stockholders who held FLFV’s Class A common stock as of the record date of April 22, 2024 can vote, even if they have subsequently sold their shares. Stockholders who wish to withdraw their previously submitted redemption request may do so prior to the rescheduled meeting by requesting that the transfer agent return such shares prior to the Special Meeting.

If you have any questions concerning the Special Meeting (including accessing the meeting by virtual means) or need help voting your shares at the Special Meeting, please contact Advantage Proxy, Inc at (877) 870-8565 or ksmith@advantageproxy.com.

About Feutune Light Acquisition Corporation

Feutune Light Acquisition Corporation is a blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business are not limited to a particular industry or geographic region, although the Company is prohibited from undertaking initial business combination with any entity that is based in or have the majority of its operations in China (including Hong Kong and Macau).

Forward-Looking Statements

This press release includes forward looking statements that involve risks and uncertainties. Forward looking statements are subject to numerous conditions, risks and changes in circumstances, many of which are beyond the control of the Company, including those set forth in the prospectus filed on June 17, 2022 relating to Company’s initial public offering, the annual report of the Company on Form 10-K for the fiscal year ended on December 31, 2023, filed on March 6, 2024, and in the S-4, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact Information:

Feutune Light Acquisition Corporation
Yuanmei Ma
Chief Financial Officer
221 W 9th St #848
Wilmington, Delaware
(909)-214-2482



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Digital Turbine names Michael Akkerman as Chief Business Officer By Investing.com

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AUSTIN, Texas – Digital Turbine, Inc. (NASDAQ: NASDAQ:), a company specializing in mobile growth solutions, today announced Michael Akkerman as its new Chief Business Officer. Akkerman, with a background in advertising and technology, will oversee the company’s global go-to-market strategy, which encompasses sales, partnerships, marketing, product, and business operations.

Akkerman’s appointment comes at a time when Digital Turbine is looking to enhance its position in the mobile ecosystem. His career includes significant roles at Uber (NYSE:), where he was General Manager of Mobility Advertising, and at Cardlytics (NASDAQ:) as Chief Product & Strategy Officer. Additionally, he served as the Global Head of Partnerships at Pinterest (NYSE:), managing a network of over 130 strategic partners.

Bill Stone, CEO of Digital Turbine, expressed confidence in Akkerman’s ability to contribute to the company’s growth, citing his extensive experience and leadership in high-growth environments. Stone emphasized that Akkerman’s strategic insight and operational expertise are expected to be valuable assets in expanding Digital Turbine’s global presence and driving innovation.

In his statement, Akkerman highlighted Digital Turbine’s reach, which extends to over 800 million devices, and its robust advertising ecosystem. He expressed eagerness to leverage the company’s capabilities to deliver personalized advertising solutions and create value for technology, carrier, and advertising partners.

Digital Turbine, headquartered in North America with offices worldwide, aims to connect telcos, advertisers, and publishers with consumers across various devices, streamlining awareness, acquisition, and monetization efforts. The company’s end-to-end platform is designed to simplify partner engagement with mobile consumers.

This move is part of Digital Turbine’s ongoing efforts to strengthen its leadership team and enhance its market offerings. The information in this article is based on a press release statement from Digital Turbine.

In other recent news, Digital Turbine has reported a year-over-year revenue decline of 18% to $544.5 million for fiscal year 2024. Despite this downturn, the company remains focused on growth strategies and anticipates a revenue range of $540 million to $560 million for fiscal year 2025. Furthermore, the company is undergoing regulatory reviews for the potential acquisition of UScellular, a process that could extend over a year.

BofA Securities has maintained a neutral stance on Digital Turbine’s stock, despite a revenue shortfall in the fourth fiscal quarter. The firm attributed the shortfall to a significant decline in US carrier device activations, affecting the company’s On Device Services outcomes. Despite this, Digital Turbine’s EBITDA margin exceeded projections due to effective cost management, and the App Growth Platform business met internal expectations.

These developments follow the completion of the DT Exchange platform consolidations, marking a turning point for Digital Turbine. The company’s management is optimistic about the platform’s growth prospects, starting from a “clean slate.” The firm’s maintenance of a $3.00 price target suggests a watchful perspective on the stock’s potential.

InvestingPro Insights

As Digital Turbine welcomes Michael Akkerman to steer its global strategy, the company’s stock performance and financial health remain crucial for investors. According to real-time data from InvestingPro, Digital Turbine (NASDAQ: APPS) is currently navigating through a challenging phase with a market capitalization of 164.01 million USD. The stock has been experiencing significant volatility, as reflected in the recent price movements, including a steep decline over the last week.

Investors should note that the company’s stock is trading near its 52-week low, with a price that’s a mere 13.96 percent of the 52-week high. This could be an indicator of the market’s current sentiment towards the stock. Moreover, Digital Turbine has not been profitable over the last twelve months, which is a critical consideration for potential investors. Despite these challenges, analysts predict that the company will turn profitable this year, which could signal a positive outlook for the future.

One of the key InvestingPro Tips for Digital Turbine is the company’s high shareholder yield, which might be attractive for investors seeking potential value. However, it’s also important to be aware that four analysts have revised their earnings downwards for the upcoming period, which could impact future performance.

For those interested in a deeper dive into Digital Turbine’s financial metrics and stock performance, there are additional InvestingPro Tips available. By using the coupon code PRONEWS24readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking access to these valuable insights. With a total of 11 additional tips listed on InvestingPro, investors have the opportunity to make more informed decisions regarding Digital Turbine’s prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



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Selling Smart: Why a Real Estate Agent Makes All the Difference

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If you’re considering selling your home on your own as a For Sale by Owner (FSBO), consider whether the extra stress is really worth it. If you go this route, you’ll have to take on a lot of responsibility – and if you’re not an expert, mistakes can happen that can quickly become overwhelming.

A report from the National Association of Realtors (NAR) reveals two key areas that people who sold their own homes struggled with the most: pricing and paperwork.

Here are just a few of the ways an agent makes these tasks much easier.

Get the right price

It’s important to price your home right. And when you sell your home on your own, two common problems can arise. You may be charging too much money (overcharging). Or you may not be charging enough (underpricing). Both of these can make it difficult to sell your home. According to NerdWallet:

“When selling a house, first impressions matter. Putting your home on the market is your first chance to attract a buyer, and getting the price right is important. If your home is overpriced, there is a risk that buyers won’t see the offer.

. . . However, if you price your home too low, you could end up leaving a lot of money on the table. A bargain price could also deter some buyers as they wonder if there are any underlying issues with the home.”

To avoid these problems, work with a real estate agent. Agents know how to find the perfect price because they have a deep understanding of the local real estate market. And they use that expertise to set a price that’s in line with what buyers are willing to pay, so your home has the best chance of impressing from the start.

Understand and complete paperwork

Selling a home requires a lot of paperwork and legal documentation that must be accurate. There are many rules and regulations that need to be followed and this makes it a bit difficult for homeowners to manage everything themselves. Without a professional at your side, there is a risk of liability and legal complications.

Real estate agents are experts in all contracts and paperwork required to sell a home. They know the rules and can guide you through everything, reducing the risk of mistakes that could lead to legal issues or delays. As a First American article explains:

“To buy or sell a home, you must accurately fill out many forms, disclosures and legal documents. A real estate agent will make sure you check every “T” and cross every “I” to prevent a transaction from falling through and/or avoiding a costly mistake.”

So instead of dealing with the growing pile of documents on your own, consider reaching out to an agent who can act as your advisor and help you avoid any legal hurdles along the way.

Bottom line

Selling a home on your own can cost you a lot of time and stress. Contact a local real estate agent for help with all the intricacies, including setting the right price, completing all the paperwork, and more. This way you can take the stress off your plate.

Biocartis Welcomes Gina Wallar, PhD as Chief Business Officer and Judith Vacchino, PhD as VP Global Marketing By Investing.com

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PRESS RELEASE – 10/06/2024, 07:00 CEST

Biocartis Welcomes Gina Wallar, PhD as Chief Business Officer and Judith Vacchino, PhD as VP Global Marketing

Mechelen, Belgium 10 June 2024 “ Biocartis NV (the ˜Company’ or ˜Biocartis’), an innovative molecular diagnostics company, is pleased to announce the appointment of Gina Wallar, PhD as Chief Business Officer and Judith Vacchino, PhD as Vice President Global Marketing.

Gina Wallar, PhD as Chief Business Officer: Gina Wallar was appointed as Biocartis’ Chief Business Officer on 15 April 2024 and will be responsible for Biocartis’ business development and partnering initiatives, as well as US commercialization. Dr. Wallar has more than 20 years of experience in the diagnostics industry and combines a scientific background with business acumen and strong commercial leadership.

Dr. Wallar holds a Master’s degree in Epidemiology and Biostatistics from Boston University and a PhD in Cancer Epidemiology from UCLA. Previously, Dr. Wallar served as President of Pharma Services Division at NeoGenomics (NASDAQ:) Laboratories (NASDAQ: NEO), a clinical laboratory and pharma services company that is specialized in cancer diagnostic testing. She then moved on to become Senior Vice President and General Manager at Fulgent Genetics (NASDAQ: NASDAQ:), a full-service genomic testing company, where she led sales and business development. Dr. Wallar finally served as Chief Commercial Officer at Flagship Biosciences, a spatial biology and biomarker services company, before joining the Biocartis team.

Judith Vacchino, PhD as VP Global Marketing: Judith Vacchino was appointed as Biocartis’ VP Global Marketing on 15 April 2024 and will be leading global marketing, market management and product management. Dr. Vacchino brings more than 20 years of experience in the diagnostics industry to the table, combining her strong scientific knowledge with marketing expertise.

Dr. Vacchino holds a Bachelor’s degree in Chemistry from Rutgers University and a PhD in Biophysical Chemistry from Stanford University. Before starting at Biocartis, Dr. Vacchino spent nearly 15 years at Genomic Health where she drove the adoption of the Oncotype DX ® Breast Recurrence Score to standard of care. After the acquisition of Genomic Health by Exact Sciences (NASDAQ:), a company specializing in the detection of early-stage cancers, Dr. Vacchino was appointed Senior Director of HCP Marketing for Oncology and Urology products. Most recently, Dr. Vacchino was Senior Director of Product Marketing at GRAIL, a company whose mission it is to detect cancer early, where she led the clinic marketing strategy for Galleri ®, the first commercially available multi-cancer early detection test.

Roger Moody, Chief Executive Officer of Biocartiscommented: I am extremely pleased to welcome Gina and Judith to the Biocartis team. With more than four decades of experience in the diagnostics field between the two of them, they arrive at Biocartis with backpacks full of useful skills and incredible know-how that can only make us better positioned to achieve new heights of success. We look forward to leveraging their experience to revolutionize diagnostics and solidify our position in the US market.

—– END —–

More information:

www.biocartis.com

info@biocartis.com

About Biocartis

With its revolutionary and proprietary Idylla™ Platform, Biocartis aspires to enable personalized medicine for patients around the world through universal access to molecular testing, by making molecular testing actionable, convenient, fast and suitable for any lab. The Idylla™ Platform is a fully automated sample-to-result, real-time PCR (Polymerase Chain Reaction) based system designed to offer in-house access to accurate molecular information in a minimum amount of time for faster, informed treatment decisions. Idylla™’s continuously expanding menu of molecular diagnostic tests addresses key unmet clinical needs, with a focus in oncology. This is the fastest growing segment of the molecular diagnostics market worldwide. Today, Biocartis offers tests supporting melanoma, colorectal, lung, breast, thyroid and liver cancer. More information:  www.biocartis.com. Follow us on X (Twitter): @Biocartis.

Biocartis and Idylla™ are registered trademarks in Europe, the United States and other countries. The Biocartis and Idylla™ trademark and logo are used trademarks owned by Biocartis. Please refer to the product labeling for applicable intended uses for each individual Biocartis product.   © June 2024, Biocartis NV. All rights reserved.



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Business Insider’s Peng on how AI and Google have changed web traffic

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The last few years have been a punishing time for the media industry. And although it hasn’t been easy, we have continued to innovate to best serve our audience, many thanks to the resilience and flexibility of our team. I am enormously grateful to all of you, and I am writing today to give you an update on the media landscape and our continued path ahead.

As many of you know, traffic from Google has been especially volatile across the publishing landscape over the last month.

Up until now Google has played the “helpful librarian” role, organizing and prioritizing content for users in rank order. There has been an understanding between Google and publishers that if we’re helpful to their audience, they rank us highly and send us traffic. In this way we have been compensated for our work.

However, the way in which people find and access information is changing rapidly. ChatGPT is starting to gain ground on Google’s long-standing dominance, reaching 180M users in a remarkably short amount of time. To its credit, Google is now trying to disrupt itself by experimenting with its own search generative experience (SGE), which will also accelerate the disruption happening on a macro level. But when our content is summarized and served in this way, we don’t make any money to support our journalism.

One of the many reasons I am so proud of our deal with OpenAI is that it set the precedent that in an SGE experience we must be compensated for the use of our work. We are actively working to create mutually beneficial partnerships with Google and other companies in this space.

We have also known for some time that we cannot rely on external referrals as a significant driver of traffic. We must build long-term, deep relationships with our readers that compel them to come back to us, becoming a daily routine and go-to destination.

Our strategy announced last fall was developed with this in mind. Our return to Business Insider, focus on habitual engagement, and center of gravity around business, tech, and innovation will not only allow us to best serve our audience, but will also lessen the impact of shifts in distribution outside our control and build the most enduring Business Insider.

The great news is that we are already seeing positive results:



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