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Insurers face business interruption claims after global tech outage By Reuters

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By Noor Zainab Hussain

(Reuters) – Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said.

A software update by global cybersecurity firm CrowdStrike (NASDAQ:) appeared to have triggered systems problems that grounded flights, forced some broadcasters off air and left customers without access to services such as healthcare or banking.

“Insurers are bracing for hundreds, if not thousands, of claim notifications from organizations that are impacted by the CrowdStrike event,” said Ryan Griffin, a partner focused on cyber at insurance broker McGill and Partners.

However, not all businesses would get insurance cover for their lost time and money.

A typical business interruption policy within a regular commercial insurance program would not provide coverage against losses stemming from Friday’s outage, said Marcos Alvarez, head of insurance at ratings agency DBRS Morningstar.

And not every cyber insurance policy likely has coverage for business interruption; such coverage would have to be bought separately at extra cost.

“Some cyber insurance policies exclude non-malicious events, and there are waiting periods and deductibles that businesses will have to consider before making a claim with their insurance carriers,” said Nir Perry, CEO at CyberWrite, a cyber insurance risk platform.

Perry said economic damages could reach tens of billions of dollars in such events, and added the outage should be considered an example of an “event that can produce what could be defined as an insurance catastrophe.”

The event could also bring with it legal claims for CrowdStrike and Microsoft (NASDAQ:). A defective update by CrowdStrike, designed to protect Microsoft Windows systems, triggered the global IT outage.

CrowdStrike and Microsoft did not immediately respond to requests for comment.

“Airlines (and other industries) might have rights under their contracts that allow them financial or other remuneration based on the CrowdStrike outage,” said Sam Levine, senior vice president – professional and cyber solutions at specialty insurance broker .

The outage caused major issues for travelers around the world – grounding planes for hours.

Travel insurer InsureMyTrip said it anticipates an increase in travel insurance claims, with the most from travel delay and missed connection policies. More than 1,600 customers may be impacted as they depart for or return from trips on Friday, it said.

Industry experts also said that force majeure would not apply for the event.

Force majeure clauses in contracts remove liability for unforeseeable and unavoidable catastrophes that prevent participants from fulfilling obligations.

“This is exactly what cyber insurance is meant to cover. … This is not something that is outside of our control,” said Meredith (NYSE:) Schnur, U.S. and Canada cyber practice leader at broker Marsh.



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Tesla halted some production lines due to global IT outage, Business Insider reports By Reuters

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(Reuters) – Tesla (NASDAQ:) halted some production lines due to the global IT outage, Business Insider reported on Friday, citing sources familiar with the matter.

The automaker sent some production employees home early during the night shift at its Austin, Texas and Sparks, Nevada facilities, the report added.

A worldwide tech outage seemingly triggered by a software update by global cyber security firm CrowdStrike (NASDAQ:) crippled industries from travel to finance on Friday before services started coming back online after hours of disruption.

CrowdStrike said it was working with customers who were impacted by a defect found “in a single content update for Windows hosts.”

Tesla did not immediately respond to a Reuters request for comment.



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Traders from London to Singapore struggle as cyber outage disrupts business By Reuters

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LONDON (Reuters) – Traders in oil, gas, power, stocks, currencies and bonds from London to Singapore struggled to operate on Friday as a global cyber outage hampered operations, companies, banks and trading sources said.

LSEG Group, which runs the London Stock Exchange, said its Workspace news and data platform suffered an outagethat affected users worldwide due to a “third-party global technical issue”.

The European Energy Exchange said in an internal memo seen by Reuters that clients using the Trayport power and gas trading platform were having problems to trade “due to infrastructure issues with third-party service provider”.

At least six trading sources at oil majors Shell (LON:) and BP (NYSE:) as well as trading house Vitol said operations were affected. BP, Shell and Vitol did not immediately respond to requests for comments.

“We are having the mother of all global market outages,” one trader said.

“People can’t switch their computers on after restarts. Those who didn’t restart are doing fine,” another trader said.

German banks are facing disruptions, a spokesperson for the Deutsche Kreditwirtschaft financial industry association said.

South Africa’s Capitec Bank said card payments, ATM and App services had been fully restored after experiencing significant disruptions.

Major banks JPMorgan, HSBC, Goldman Sachs and Barclays did not immediately respond to requests for comments.

Besides the financial sector, the outages rippled far and wide, with major U.S. airlines ordering ground stops on Friday.

It was not immediately clear whether the call to keep flights from taking off were related to an earlier Microsoft (NASDAQ:) cloud outage.

The Australian government said the outage appeared to be linked to an issue at global cybersecurity firm Crowdstrike.



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Thailand plans new financial business law to attract funds, official says By Reuters

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BANGKOK (Reuters) – Thailand is planning to introduce a new financial business law to attract foreign funds and facilitate investment in the sector, a deputy finance minister said on Friday.

The law will create a ‘one-stop authority’ agency responsible for setting regulations and issuing licenses for key financial areas to support Thailand’s aim to become a global financial centre, Paopoom Rojanasakul told a business event.

The key areas are the banking sector, securities, derivatives, digital assets, and insurance, he said, and the government would put legislation to parliament later this year.

Becoming a financial centre would change the economic structure without having to use an investment budget, and will give enormous returns by attracting funds, people and knowledge to the country, Prime Minister Srettha Thavisin told the event.



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BurTech Acquisition Corp. and Blaize Announce filing of registration statement on Form S-4 Related to Proposed Business Combination By Investing.com

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WASHINGTON–(BUSINESS WIRE)–BurTech Acquisition Corp. (BurTech) (NASDAQ: BRKH), a publicly traded special purpose acquisition company, and Blaize, Inc., a provider of purpose-built, artificial intelligence (AI)-enabled edge computing solutions, today announced its filing with the U.S. Securities and Exchange Commission (SEC) of a registration statement on Form S-4 (the Registration Statement).

The Registration Statement contains a preliminary proxy statement/prospectus in connection with the proposed business combination between Blaize and BurTech. While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Blaize, BurTech, and the proposed business combination.

CEO and Chairman of BurTech Shahal Khan, commented, We are thrilled to reach this milestone with Blaize as we continue the partnership. The potential of edge AI is immense, and this partnership positions the combined company for success. We are confident Blaize is poised to be a leading player and are eager to continue on the path ahead.

Transaction Overview

Under the terms of the merger agreement entered into by BurTech and Blaize, among others, with respect to the proposed business combination, Blaize will merge with and into a wholly owned subsidiary of BurTech that was formed for the proposed transaction (the Merger), with Blaize surviving the Merger as a direct wholly owned subsidiary of BurTech. At the effective time of the Merger, stockholders of Blaize immediately prior to the effective time of the Merger will receive shares of BurTech common stock based on an implied pro forma enterprise value of approximately $1.14 billion at a price of $10.00 per share.

Advisors

Norton Rose Fulbright US LLP is acting as U. S. legal counsel to BurTech. Latham & Watkins LLP is acting as legal counsel to Blaize. Blueshirt Capital Advisors is also serving as an investor relations advisor to Blaize.

About BurTech Acquisition Corp.

BurTech Acquisition Corp. (NASDAQ: BRKH) is a special purpose acquisition company dedicated to partnering with exceptional businesses and providing them with the resources and expertise to excel in the public market. With a focus on delivering long-term value to stockholders and supporting innovative companies, BurTech Acquisition Corp. is committed to creating success stories in technology industries. With steadfast stockholders, a robust financial footing, and an unyielding commitment to innovation, BurTech Acquisition Corp. is a visionary force in the technology world.

About Blaize

Blaize provides a full-stack programmable processor architecture suite and low-code/no-code software platform that enables AI processing solutions for high-performance computing at the network’s edge and in the data center. Blaize solutions deliver real-time insights and decision-making capabilities at low power consumption, high efficiency, minimal size, and low cost. Blaize has raised over $330 million from strategic investors such as DENSO (OTC:), Mercedes-Benz (OTC:) AG, Magna, and Samsung (KS:) and financial investors such as Franklin Templeton, Temasek, GGV, Bess Ventures, BurTech LP LLC, Rizvi Traverse, and Ava Investors. Headquartered in El Dorado Hills (CA), Blaize has more than 200 employees worldwide with teams in San Jose (CA), Cary (NC), and subsidiaries in Hyderabad (India), Leeds and Kings Langley (UK), and Abu Dhabi (UAE).

Cautionary Statement Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the Securities Act), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act) that are based on beliefs and assumptions and on information currently available to BurTech and Blaize, including statements regarding Blaize’s business plans and growth strategies, market opportunities, and financial prospects. In some cases, you can identify forward-looking statements by the following words: may, will, could, would, should, expect, intend, plan, anticipate, believe, estimate, predict, project, potential, continue, ongoing, target, seek or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the previously disclosed proposed business combination (the proposed transaction) may not be completed in a timely manner or at all, which may adversely affect the price of BurTech’s securities; (ii) the risk that the proposed transaction may not be completed by BurTech’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by BurTech; (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the approval of the proposed transaction by BurTech’s stockholders, the satisfaction of the minimum aggregate transaction proceeds amount following redemptions by BurTech’s public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the failure to obtain adequate financing to complete the proposed transaction and to support the future working capital needs of Blaize and the combined company; (v) the effect of the pendency of the proposed transaction on Blaize’s business relationships, performance, and business generally; (vi) risks that the proposed transaction disrupts current plans of Blaize and potential difficulties in the retention of Blaize’s employees as a result of the proposed transaction; (vii) the outcome of any legal proceedings that may be instituted against BurTech or Blaize related to the merger agreement and the proposed transaction; (viii) changes to the proposed structure of the proposed transaction that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed transaction; (ix) the ability to maintain the listing of BurTech’s securities on Nasdaq; (x) the price of BurTech’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Blaize operates, variations in performance across competitors, changes in laws and regulations affecting Blaize’s business and changes in the combined capital structure; (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, including the possibility of cost overruns or unanticipated expenses in development programs, and the ability to identify and realize additional opportunities; (xii) the enforceability of Blaize’s intellectual property, including its patents, and the potential infringement on the intellectual property rights of others, cyber security risks or potential breaches of data security; (xiii) the incurrence of significant expenses to remediate, or damage to Blaize’s reputation as a result of, any defects in Blaize’s products; and (xiv) other risks and uncertainties set forth in the section entitled Risk Factors and Cautionary Note Regarding Forward-Looking Statements in BurTech’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that are available on the website of the Securities and Exchange Commission (the SEC) at www.sec.gov and other documents filed, or to be filed with the SEC by BurTech, including the Registration Statement. The foregoing list of factors is not exhaustive. There may be additional risks that neither BurTech nor Blaize presently know or that BurTech or Blaize currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the definitive proxy statement to be filed by BurTech with the SEC, including those under Risk Factors therein, and other documents filed by BurTech from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and BurTech and Blaize assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither BurTech nor Blaize gives any assurance that either BurTech or Blaize will achieve its expectations.

Additional Information and Where to Find It

In connection with the proposed transaction, BurTech filed with the SEC the Registration Statement on Form S-4, and after the Registration Statement is declared effective, BurTech will mail a definitive proxy statement/prospectus relating to the proposed transaction to its stockholders. This press release does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. BurTech may file other documents regarding the proposed transaction with the SEC, and BurTech’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto, the definitive proxy statement/prospectus and the other documents filed in connection with the proposed transaction, as these materials will contain important information about Blaize, BurTech and the proposed transaction. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed transaction will be mailed to stockholders of BurTech as of a record date to be established for voting on the proposed transaction and the other matters to be voted upon at a meeting of BurTech’s stockholders to be held to approve the proposed transaction and such other matters. Such stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to BurTech Acquisition Corp., 1300 Pennsylvania Avenue, Suite 700, Washington, DC 20006, Attention: Roman Livson, Chief Financial Officer.

Participants in Solicitation

BurTech, Blaize, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from BurTech’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of BurTech’s stockholders in connection with the proposed transaction, including the names of such persons and a description of their respective interests, is set forth in BurTech’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the Registration Statement regarding the proposed transaction when it becomes available. Stockholders will be able to obtain copies of the documents described in this paragraph that are filed with the SEC, once available, without charge at the SEC’s website at www.sec.gov, or by directing a request to BurTech Acquisition Corp., 1300 Pennsylvania Avenue, Suite 700, Washington, DC 20006, Attention: Roman Livson, Chief Financial Officer.

No Offer or Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of BurTech or Blaize, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

BurTech Acquisition Corporation Contact
Roman Livson
Chief Financial Officer
1300 Pennsylvania Avenue, Suite 700
Washington, DC 20006
investors@burtechacq.us

Blaize Media Contact
Leo Merle | Blaize, Inc.
leo.merle@blaize.com

Blaize Investor Contact
Mark Roberts
Blueshirt Capital Advisors
ir@Blaize.com

Source: BurTech Acquisition Corp.



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Meet the Local Vendor Supplying Pasta to Hundreds of Boston-Area Restaurants

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Dean Matarazzo arrives at his family’s pasta factory in Somerville, Deano’s Pasta, at 4:30 every morning. The unassuming one-story warehouse building bears little resemblance to the Italian countryside from which Matarazzo’s family hails, but the delicately stuffed ravioli they make transport customers straight to their hometown of Cusano Mutri in Italy’s Campania region.

Deano’s Pasta is a fourth-generation, family-owned pasta factory that has been producing dried and fresh pasta under the radar since 1947. But while the public may not be familiar with this pasta-making warehouse, hundreds of restaurants purchase pasta from Deano’s. including more than 40 restaurants in the North End.

When Matarazzo’s grandfather opened the store in Somerville, he offered a handful of standard pastas like linguine and ravioli. There are now more than 100 on the menu. In addition to specialty pastas like slow-dried chocolate mafaldi and lobster-stuffed ravioli, Deano’s now makes seven sauces, including a pesto that’s popular at local restaurants.

Chocolate malfadi and other pasta specialties at Deano’s in Somerville. Celina Colby/Eater Boston

It all starts with the ingredients: The factory has its semolina flour custom-made by a miller in the Midwest. The ricotta in many Deano’s ravioli is also made according to a specific ratio of butterfat, moisture and other factors. The factory primarily uses Italian-made machinery and occasionally makes modifications in-house so that the process simulates the hand-made movements as closely as possible.

“When I hear pots and pans banging in the background and someone screaming, I know that caring for the pasta can take the edge off.”

At the factory, workers run delicate strands of fettuccine through machines, inspect bloated rows of agnolotti and cut off tiny tubes of rigatoni. Fresh egg fusilli, lobster ravioli, short rib ravioli, and fig and mascarpone ravioli are among the factory’s bestsellers. Regardless, dried pasta air-dries for 48 hours, an anomaly in a market where most dried pasta is put in an oven. In another room, workers pack each pasta by hand, sometimes a total of 500 boxes per day.

The business still runs like a close-knit family. The 50-year-old Matarazzo makes his rounds every morning, greeting all 40 employees by name and asking about their families. He runs the factory with his wife and high school sweetheart, Hala Matarazzo, and his son, Dean Jr., who is ready to take over the routine operations. The factory does not accept online or SMS orders. Everything is done the old-fashioned way: by phone call. Matarazzo says the personal touch is key.

“Every chef is a customer we know, even if there are hundreds of them,” says Matarazzo. “And I listen to her voice. When I hear pots and pans banging in the background and someone screaming, I know that taking care of the noodles can take the edge off.”

There are plenty of chefs to keep up with. Deano’s serves more than 600 regional restaurants, primarily in Massachusetts and New Hampshire. Matarazzo estimates there are more than 1,000 chefs and sous chefs. Matarazzo said Deano’s doesn’t employ a sales team, but its customer list grows every year through word of mouth.

A white and red brick building with red “Made Fresh Daily” writing and a black and white awning that says “Open to All.”

Deano’s Pasta in Somerville. Celina Colby/Eater Boston

Chef Kyle Oliver of restaurant and music venue Premiere On Broadway, located across the street from Deano’s, often calls at the last minute to order extra pasta — a perk of buying locally — for busy events like Dining in the Dark to deliver, where guests are present blindfolded for a three-course meal to concentrate on the flavors, and live music evenings. “It’s important to buy from other local businesses because it helps our region and our community thrive,” Oliver says.

Mateo Vitale is general manager of Italian restaurant Bacco in the North End, one of 40 restaurants in the historic district that orders its fresh pasta from Deano’s, according to Matarazzo. A Genoa native, Vitale says Deano’s makes some of the best pasta he’s found in the United States. Bacco sources 100 percent of its fresh pasta from Deano’s, including a number of specialty pastas that Vitale says are quite different than what might be found on an Italian menu.

“The American market for pasta is huge,” says Vitale. “You’ll never find lobster ravioli in Italy because Italians don’t ask for it. But there’s a huge market here and people love different things.”

North End restaurants take their pasta very seriously (Matarazzo was hesitant to name North End customers), but Vitale says the labor-intensive process of making pasta by hand every day doesn’t make sense for many restaurants, especially one real cuisine The property is valuable in the tiny, historic buildings.

Two men stand in Deano's store with their arms wrapped around each other and smile at the camera.

Dean Jr. (left) and Dean Sr. (right). Celina Colby/Eater Boston

The Boston City Clerk’s office has 73 registered restaurants in the North End’s main zip code. Patty Gulino, executive director of the North End Chamber of Commerce, estimates there are 70 restaurants in the neighborhood. That would make Deano’s a significant contributor to the North End’s pasta scene, with more than half of the neighborhood’s well-known restaurants sourcing pasta from the Somerville purveyor.

The majority of Deano’s business is supplying chefs, but the factory has a seven-day-a-week customer window where locals can purchase fresh and dried pasta and sauces. Hala says customers come from New Hampshire or Maine with a cooler to fill their freezers with Deano products.

Dean Jr.’s future plans include expanding operations in Western Massachusetts and expanding into other states. Having grown up in the factory, he is looking forward to inheriting the family legacy.

“I’ve never been to an interview,” he says. “I’ve been doing this my whole life. It’s a labor of love and definitely a lot of fun.”

Best Real Estate Articles July 2024

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Die Navigation auf dem Immobilienmarkt kann komplex sein, sei es beim Verkauf eines Hauses, beim Kauf einer Immobilie oder bei der Instandhaltung Ihrer aktuellen Immobilie. Diesen Monat haben wir eine Auswahl an aufschlussreichen Artikeln zusammengestellt, die Ihnen bei verschiedenen Aspekten der Immobilienbranche helfen sollen. Vom Verkauf eines Hauses im Nachlassverfahren bis hin zur Pflege Ihres Pools bieten diese Leitfäden praktische Ratschläge und wertvolle Tipps.

Verkauf eines Hauses im Nachlassverfahren

Der Verkauf eines Hauses kann eine Herausforderung genug sein, aber der Verkauf eines geerbten Hauses über die Nachlassgerichte kann zusätzliche Aufgaben mit sich bringen und die Angelegenheit verkomplizieren. Dieser umfassende Leitfaden führt den Leser durch den oft komplexen Prozess des Immobilienverkaufs im Nachlassverfahren und erklärt zunächst, was ein Nachlassverfahren ist und wie es sich auf eine Immobilientransaktion auswirkt.

Der Artikel enthält Schritt-für-Schritt-Anleitungen zur Vorbereitung des Hauses für den Verkauf und betont, wie wichtig es ist, mit einem sachkundigen Immobilienmakler und einem Anwalt zusammenzuarbeiten, um die Feinheiten zu meistern. Darin werden wichtige Schritte wie die Beschaffung der erforderlichen Rechtsdokumente, die Bewertung der Immobilie und die Behandlung von Wartungsproblemen hervorgehoben, um sie für potenzielle Käufer attraktiver zu machen.

Außerdem sind praktische Tipps zur Marktreife der Immobilie enthalten, was diesen Artikel zu einer unschätzbar wertvollen Ressource für alle macht, die sich mit Nachlassimmobilien befassen. Die klaren, umsetzbaren Ratschläge und die ausführliche Berichterstattung über ein anspruchsvolles Thema machen es zu einer Pflichtlektüre für jeden, der an einem Nachlassverkauf beteiligt ist. Eigentümer sollten auch Situationen verstehen, in denen Erben einem Verkauf des Hauses zustimmen.

Beste Immobilienartikel Juli 2024

Sehen Sie sich die besten Immobilienartikel für Juli 2024 an

Eine Eigentumswohnung ohne die Hilfe eines Maklers verkaufen

Denken Sie darüber nach, Ihre Eigentumswohnung ohne Makler zu verkaufen? Bill Gassett betont zunächst, wie wichtig es ist, die Herausforderungen zu verstehen, die der Verkauf Ihrer Eigentumswohnung im Vergleich zum Verkauf eines Einfamilienhauses mit sich bringt. Zu diesen Herausforderungen gehören der Umgang mit den Vorschriften der Wohnungseigentümergemeinschaft (HOA), Bedenken hinsichtlich gemeinsamer Eigentumsverhältnisse und die genaue Preisgestaltung der Eigentumswohnung in einem wettbewerbsintensiven Markt.

Es ist wichtig, sich einiger häufiger Fehler bewusst zu sein, die Privatverkäufer häufig machen, und der Autor stellt Strategien vor, um diese zu vermeiden. Ein schwerwiegender Fehler besteht darin, die Wohnung nicht richtig in Szene zu setzen.

Der Autor empfiehlt, Ordnung zu schaffen, notwendige Reparaturen durchzuführen und die Attraktivität der Eigentumswohnung zu steigern, um potenzielle Käufer anzulocken. Ein weiterer schwerwiegender Fehler besteht darin, die Immobilie nicht effektiv zu vermarkten. Online-Einträge, soziale Medien und professionelle Fotografie können die Sichtbarkeit erhöhen und ernsthafte Käufer anziehen.

Der richtige Preis für die Eigentumswohnung ist ein weiterer wichtiger Aspekt, der im Artikel hervorgehoben wird. Viele unabhängige Verkäufer bewerten ihre Immobilie aufgrund mangelnder Marktkenntnisse entweder zu hoch oder zu niedrig. Der Artikel empfiehlt, gründliche Recherchen durchzuführen oder eine professionelle Schätzung in Betracht zu ziehen, um einen wettbewerbsfähigen und realistischen Preis festzulegen. Verkäufern wird außerdem empfohlen, auf Verhandlungen vorbereitet zu sein und die rechtlichen Unterlagen zu verstehen, um potenzielle Fallstricke zu vermeiden.

Durch die Vermeidung häufiger Fehler und die Befolgung der bereitgestellten Strategien können unabhängige Verkäufer die Komplexität des Immobilienmarktes erfolgreich meistern und einen günstigen Verkauf erzielen. Diese Anleitung ist von unschätzbarem Wert für alle, die sich der Herausforderung stellen möchten, ihre Eigentumswohnung ohne die Hilfe eines Immobilienmaklers zu verkaufen.

Tipps zur Poolwartung

Heißes Wetter steht vor der Tür und wer das Glück hat, einen Pool zu haben, muss ihn ordnungsgemäß pflegen. Michelle Gibson gibt wichtige Tipps, um ein Schwimmbad sauber und gepflegt zu halten. Der Artikel betont die Bedeutung einer regelmäßigen Wartung, um eine sichere und angenehme Schwimmumgebung zu gewährleisten.

Der Leitfaden behandelt verschiedene Aspekte der Poolpflege, einschließlich der Aufrechterhaltung der richtigen Wasserchemie, der regelmäßigen Reinigung und der Wartung der Ausrüstung. Es erklärt, wie man Chemikalien wie Chlor und den pH-Wert ausgleicht, um Algenwachstum zu verhindern und klares Wasser zu erhalten. Darüber hinaus gibt der Artikel Hinweise zur Häufigkeit von Aufgaben wie dem Entfernen von Schmutz, dem Bürsten der Poolwände und dem Staubsaugen des Poolbodens, um ihn makellos zu halten.

Die Wartung von Geräten wie Filtern, Pumpen und Heizungen ist für einen effizienten Betrieb unerlässlich. Außerdem werden saisonale Wartungstipps gegeben, um den Pool auf unterschiedliche Wetterbedingungen vorzubereiten. Dieser umfassende Leitfaden ist wertvoll für Poolbesitzer, die ihren Pool sauber, sicher und schwimmbereit halten möchten.

Tipps zum Hauskauf für 2024

Der Kauf eines Hauses war in den letzten Jahren eine Herausforderung. Paul Sian erläutert, was es braucht, um im Jahr 2024 ein Haus zu kaufen. Er führt potenzielle Hauskäufer durch die entscheidenden Schritte beim Kauf einer Immobilie. Ziel ist es, den Hauskaufprozess zu vereinfachen und ihn für Erstkäufer weniger entmutigend zu machen.

Der Artikel betont zunächst, wie wichtig es ist, eine Vorabgenehmigung für eine Hypothek einzuholen, da dies den Käufern hilft, ihr Budget zu verstehen und ihre Position auf einem wettbewerbsintensiven Markt zu stärken. Anschließend geht es darum, einen qualifizierten Immobilienmakler zu finden, der Sie während des gesamten Kaufprozesses fachkundig beraten und unterstützen kann.

Zu den weiteren wichtigen Schritten gehören die Durchführung gründlicher Hausinspektionen, das Verstehen der Einzelheiten des Kaufvertrags und die Sicherstellung, dass alle erforderlichen Unterlagen korrekt und zeitnah erledigt werden. Durch die Aufschlüsselung der einzelnen Schritte bietet der Artikel eine klare und praktische Roadmap für jeden, der ein Haus kaufen möchte, und macht ihn zu einer unschätzbar wertvollen Ressource für potenzielle Hausbesitzer.

Worauf Sie bei einem Immobilienvertrag achten sollten

Bei der Prüfung eines Immobilienvertrags müssen mehrere Schlüsselelemente berücksichtigt werden. Theresa Wellman empfiehlt, sicherzustellen, dass die Angaben zur Immobilie korrekt sind, einschließlich der Adresse, der rechtlichen Beschreibung und aller darin enthaltenen Einrichtungsgegenstände und Geräte. Dies trägt dazu bei, Missverständnisse darüber zu vermeiden, was verkauft wird.

Als nächstes prüfen Sie sorgfältig den Kaufpreis und die Finanzierungsbedingungen. Es ist von entscheidender Bedeutung, den vereinbarten Preis, die Anzahlung und etwaige Finanzierungsrisiken zu kennen, die den Käufer schützen, wenn ein Kredit nicht gesichert werden kann. Dieser Abschnitt umfasst auch Bareinlagen, die das Engagement des Käufers belegen und bis zum Abschluss treuhänderisch verwahrt werden.

Achten Sie genau auf Eventualverbindlichkeiten, die erfüllt sein müssen, damit der Verkauf zustande kommt. Typische Eventualitäten umfassen Hausinspektionen, Schätzungen und den Verkauf des aktuellen Hauses des Käufers. Diese bieten Käufern die Möglichkeit, ohne Vertragsstrafe vom Geschäft zurückzutreten, wenn bestimmte Bedingungen nicht erfüllt sind.

Überprüfen Sie das Abschlussdatum und die Eigentumsdetails, einschließlich des Zeitpunkts, an dem die Transaktion abgeschlossen wird und wann der Käufer die Immobilie in Besitz nehmen wird. Präzise Festlegungen dieser Termine helfen beiden Parteien bei der entsprechenden Planung.

Überprüfen Sie abschließend die Offenlegungen des Verkäufers, die Informationen über den Zustand der Immobilie und alle bekannten Probleme liefern und Käufern dabei helfen, fundierte Entscheidungen zu treffen. Die sorgfältige Prüfung dieser Elemente trägt dazu bei, eine reibungslose und transparente Immobilientransaktion zu ermöglichen.

Dinge, die Verkäufer bei einem Tag der offenen Tür niemals tun sollten

Wenn es darum geht, ein Haus zu verkaufen, sind Tage der offenen Tür ein fester Bestandteil der Immobilienbranche. Vicki Moore erklärt die Einzelheiten von Tagen der offenen Tür in Immobilien und erklärt deren Zweck, ihre Durchführung und wichtige Sicherheitsaspekte.

Der Artikel definiert zunächst einen Tag der offenen Tür als einen geplanten Zeitraum, in dem eine zum Verkauf stehende Immobilie für potenzielle Käufer zur Besichtigung ohne Termin zur Verfügung steht. Darin werden die Vorteile von Tagen der offenen Tür erörtert, wie z. B. eine größere Sichtbarkeit und die Möglichkeit für Käufer, das Haus in einer Umgebung mit niedrigem Luftdruck zu erkunden.

Zu den praktischen Tipps für die Ausrichtung eines erfolgreichen Tages der offenen Tür gehören die Vorbereitung des Hauses durch Aufräumen und Reinigen, die Werbung für die Veranstaltung über verschiedene Kanäle und die Schaffung einer einladenden Atmosphäre für Besucher. Darüber hinaus enthält es Sicherheitstipps für Verkäufer und Käufer, rät Verkäufern, Wertsachen und persönliche Daten zu schützen und erinnert Käufer daran, die Immobilie zu respektieren und die Richtlinien des Maklers zu befolgen.

Abschließend werden die entscheidenden Vor- und Nachteile eines Tages der offenen Tür besprochen. Vereinbaren Sie einen Tag der offenen Tür für Ihr Zuhause und nutzen Sie diesen wichtigen Rat, um die Wirksamkeit zu maximieren.

Was bedeutet unter Vertrag?

Was bedeutet unter Vertrag?Was bedeutet unter Vertrag?

Was bedeutet unter Vertrag?

Bill Gassett erklärt den Begriff „unter Vertrag“ und seine Auswirkungen auf Immobilientransaktionen. Wenn für eine Immobilie ein Vertrag besteht, bedeutet dies, dass der Verkäufer ein Angebot eines Käufers angenommen hat, der Verkauf jedoch noch nicht abgeschlossen ist. Diese Phase umfasst mehrere kritische Schritte, bevor die Transaktion abgeschlossen ist.

Der Artikel beschreibt die kritischen Phasen, sobald eine Immobilie unter Vertrag steht, wie z. B. die Hausbesichtigung, die Bewertung und die Sicherung der Finanzierung. Bei der Hausbesichtigung werden potenzielle Probleme mit der Immobilie identifiziert, die zu weiteren Verhandlungen oder Reparaturen führen können. Die Schätzung stellt sicher, dass der Wert der Immobilie mit dem vereinbarten Preis übereinstimmt, ein entscheidender Schritt für den Erhalt der Hypothekengenehmigung. Darüber hinaus erfordert die Sicherstellung der Finanzierung, dass der Kreditgeber des Käufers alle Finanzdokumente prüft, um den Kredit zu genehmigen.

Ein weiterer wichtiger Aspekt, der besprochen wird, sind die Eventualverbindlichkeiten, die im Vertrag enthalten sein können. Zu den typischen Eventualverbindlichkeiten gehören Finanzierungs-, Hausbesichtigungs- und Bewertungsvoraussetzungen, die erfüllt sein müssen, damit der Verkauf zustande kommt. Wenn diese Bedingungen nicht erfüllt sind, kann der Käufer ohne Vertragsstrafe vom Vertrag zurücktreten und erhält in der Regel seine Anzahlung zurück.

Der Artikel betont, wie wichtig es ist, die „Untervertrags“-Phase von Käufern und Verkäufern zu verstehen. In dieser Phase müssen beide Parteien bestimmte Verpflichtungen und Fristen einhalten, um eine reibungslose Transaktion zu gewährleisten. Wenn Sie über diese Phase gut informiert sind, können Sie die Erwartungen besser steuern und Käufer und Verkäufer auf die notwendigen Schritte vorbereiten, um das Geschäft erfolgreich abzuschließen.

ICHs Immobilien eine gute langfristige Investition?

Greg Smith befasst sich mit der Frage, ob Immobilien die beste langfristige Investition bleiben. Es unterstreicht die Stabilität und stetige Wertsteigerung von Immobilien im Laufe der Zeit im Vergleich zu anderen Anlagen wie Aktien. Immobilien werden als materieller Vermögenswert beschrieben, der Mieteinnahmen und potenzielle Steuervorteile bietet und somit eine zuverlässige Option für den Vermögensaufbau darstellt.

Darüber hinaus geht es in der Diskussion auch um die Diversifizierungsvorteile von Immobilien, die dazu beitragen, Marktvolatilitätsrisiken zu mindern.

Der Beitrag betont die Bedeutung von Standort und Objekttyp für den Erfolg einer Immobilieninvestition. Darüber hinaus wird untersucht, wie sich wirtschaftliche Bedingungen, Zinssätze und Wohnungsangebot auf den Immobilienmarkt auswirken.

Die Schlussfolgerung legt nahe, dass Immobilien zwar im Allgemeinen eine solide langfristige Investition sind, sie jedoch eine sorgfältige Abwägung verschiedener Faktoren und gründliche Recherchen erfordern, um die Rendite zu maximieren. Die Stabilität, das Einkommenspotenzial und die Wertsteigerung machen es zu einer praktikablen Option für diejenigen, die langfristig Vermögen aufbauen möchten.

Lohnen sich die Kosten für die Einrichtung eines Hauses?

Die Inszenierung eines Hauses kann seinen Verkaufspreis und seine Zeit auf dem Markt erheblich beeinflussen. Donald Payne weist darauf hin, dass sich professionell inszenierte Häuser oft schneller und zu höheren Preisen verkaufen als nicht inszenierte Häuser. Die Inszenierung hilft potenziellen Käufern, sich den Raum als ihren eigenen vorzustellen, indem sie die besten Eigenschaften des Hauses hervorhebt und eine einladende Atmosphäre schafft.

Die Kosten für die Inszenierung können je nach Größe des Hauses und Umfang der erforderlichen Inszenierung variieren, gelten jedoch im Allgemeinen als lohnende Investition. Eine effektive Inszenierung kann das Aufräumen, das Neuanordnen von Möbeln, das Hinzufügen von Dekorationsgegenständen und manchmal auch das Mieten von Möbeln umfassen, um eine ansprechende Ästhetik zu schaffen.

Hausbesitzer machen sich möglicherweise Sorgen über die Kosten, aber der höhere Verkaufspreis und die kürzere Zeit auf dem Markt gleichen die Kosten oft aus. Durch die Staffelung kann auch die Wahrscheinlichkeit von Preissenkungen verringert und so die Kapitalrendite erhöht werden. Insgesamt ist Staging ein strategischer Ansatz, um ein Haus im bestmöglichen Licht zu präsentieren, es für potenzielle Käufer attraktiver zu machen und sein Marktpotenzial zu maximieren.

FRÜHERE IMMOBILIEN-ROUNDUPS

Schauen Sie sich einige Zusammenfassungen der letzten Monate an.

Kevin VitaliKevin Vitali

Über den Autor: Die Immobilienübersicht für Juli wurde von Kevin Vitali bereitgestellt, einem Immobilienmakler mit Sitz in Haverhill, MA, der das Merrimack Valley betreut. Kevin verfügt über eine 23-jährige Erfahrung im Immobilienbereich und ist seit Jahren ein begeisterter Immobilienblogger, der Käufern, Verkäufern und anderen Immobilienmaklern wertvolle Einblicke vermittelt.

Haier Smart Home Intends to Acquire Electrolux South Africa’s Water Heater Business By Investing.com

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QINGDAO, China, July 18, 2024 /PRNewswire/ — On 18th July 2024, Haier Smart Home entered into the transaction with Electrolux Group in Sweden to acquire 100% equity interest in Electrolux South Africa Proprietary Limited (“ESA“), its subsidiary engaging in water heater business  in South Africa, for an enterprise value of ZAR 2.45bn (approx. RMB 980m).

South Africa is the second largest economy in Africa with a population of 61.4 million. ESA owns the century-old water heater brand Kwikot that specializes in diversified products and solutions of electric water heaters, solar water heaters, multi-energy solutions, gas water heaters and heat pumps. It is the leading water heater manufacturer in South Africa, with  a double-digit EBITDA margin. Kwikot operates well-established distribution channels, installation network and after-sales service system to provide users with speedy response and quality services.

The acquisition is an important step in the strategic implementation of Haier Smart Home’s development in African market.

Leveraging Kwikot’s extensive HVAC channel and service coverage, Haier Smart Home will realize synergies in product and supply chain management to expand Kwikot’s water heater lineups and unlock potentials in solar water heaters and water purifiers. In addition, Haier Smart Home will also accelerate its refrigerators and laundry businesses with the help of Kwikot’s strong local distribution channels.

The acquisition is not only significant to Haier Smart Home’s Middle East & Africa strategy, it is also integral to its global brand portfolio. In May this year, Haier Egypt Eco Park was officially opened. It covers an area of 200,000 square meters with annual production capacity exceeding 1.5 million units of air conditioners, washing machines, televisions, refrigerators and freezers.  Haier Smart Home has been able to double its revenue every year for the past three years in Middle East and African markets where its freezers ranked number one in Nigeria, high-end air conditioners revenue grew 122% cumulatively in Egypt and high-end washing machines grew 30% in Ghana.

The transaction is subject to regulatory approvals and is expected to complete in the fourth quarter of 2024. The financial adviser is ING Bank and the legal counsel is FOR Piper.

【About Haier Smart Home】

Founded in 1984, Haier Smart Homeone of the subsidiaries of Haier Groupis a leading global provider of solutions for a better and smarter life, and is the world’s largest home appliance manufacturer.

The Company listed its A shares on the Shanghai Stock Exchange in 1993, listed its D shares on the China Europe International Exchange in Frankfurt, Germany in 2018, and listed its H shares on the Hong Kong Stock Exchange in 2020, realizing the “A+D+H” global capital market layout. Haier Smart Home has 100,000+ employees globally, including more than 1/3 foreign employees.

Haier Smart Home has built up seven world-class premium home appliance brand clusters globally, including Haier, Casarte, Leader, GE Appliances of the United States, Fisher&Paykel of New Zealand, AQUA of Japan, and Candy of Italy, and created the world’s first scenario brand, SANYINIAO, which defines the most suitable smart home solutions for users; meanwhile, the Company is exploring the eco-brand of smart life, which defines unlimited links with users and perpetual service.



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GE HealthCare announces agreement to acquire clinical artificial intelligence business from Intelligent Ultrasound By Investing.com

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  • Agreement to acquire business adds innovative, real-time image recognition technology and expertise to GE HealthCare (NASDAQ:)’s portfolio of AI-enabled devices
  • AI-based technology from Intelligent Ultrasound aims to provide real-time support for OBGYN scans and improve exam accuracy and efficiency
  • Planned acquisition supports GE HealthCare’s precision care strategy to address inefficiencies and improve patient care quality

CHICAGO–(BUSINESS WIRE)–GE HealthCare (Nasdaq: GEHC) today announced it has entered into an agreement to acquire Intelligent Ultrasound Group PLC’s (Intelligent Ultrasound) clinical artificial intelligence (AI) software business for total consideration of approximately $51 million. Intelligent Ultrasound is a leader in integrated AI-driven image analysis tools designed to make ultrasound smarter and more efficient. GE HealthCare plans to incorporate these solutions across the ultrasound portfolio, strengthening its capabilities with technology that helps improve workflows and enhance ease-of-use for the benefit of clinicians and patients.

“We are pleased to bring innovative technology from Intelligent Ultrasound into GE HealthCare’s Ultrasound portfolio, allowing us to fully integrate these solutions into our systems to help clinicians improve workflow, reduce repetitive tasks, and simplify exams, said Phil Rackliffe, president and CEO of Ultrasound and Image Guided Therapies, GE HealthCare. This technology and the experts who developed it will help enhance our portfolio of AI-enabled devices and accelerate our pace of development of next-generation AI tools.

Intelligent Ultrasound has pioneered the ScanNav Assist AI technology, which powers SonoLystlive and SonoLyst X/IR, available on GE HealthCare’s Voluson™ Expert and Voluson Signature ultrasound devices. SonoLyst is also currently available on the Voluson SWIFT. By acquiring this business, GE HealthCare also adds an AI innovation pipeline that serves to help advance future development and realize long-term efficiencies.

GE HealthCare plans to welcome the team of research and development experts from Intelligent Ultrasound, who will help drive AI-enabled image recognition and innovation for GE HealthCare Women’s Health ultrasound devices as well as across the broader portfolio. This agreement follows GE HealthCare’s acquisition of Caption Health in 2023, which added new capabilities in AI-enabled image guidance and AI development expertise to aid in early disease detection in other areas.

I really believe that we are at the start of a wave of AI making a profound difference to medical imaging, and especially ultrasound, said Nick Sleep, Chief Operating Officer, Intelligent Ultrasound, who will join GE HealthCare. Becoming part of the GE HealthCare family will help speed the adoption of this technology and make ultrasound even easier for customers to use.

These technologies are especially vital to relieving burdens placed on sonographers. As exams are becoming more complex, 81 percent of hospitals report radiology technologist shortages,1 and 90 percent of sonographers report work-related musculoskeletal disorders due to workload and repetitive motions, among other factors.2 Streamlined workflows and AI-enabled protocols can reduce manual processes, provide greater reproducibility between users, and allow clinicians to focus more on patient care.

This agreement bolsters GE HealthCare’s portfolio of AI-enabled devices” which presently tops the FDA’s list of AI-enabled device authorizations across medical technology companies”and supports the Company’s precision care strategy to solve for inefficiencies in the clinical care workflow and improve patient care quality across the care pathway. With the sale of its clinical AI business, Intelligent Ultrasound will continue to operate with a renewed focus on its world-class, high-fidelity ultrasound simulation technology designed to enhance ultrasound education.

The consummation of the transaction is subject to customary closing conditions and is expected to close in Q4 2024. Additional details of the transaction have not been disclosed publicly. GE HealthCare intends to fund this transaction with cash on hand.

Forward-Looking Statements

This release contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as will, expect, may, would, could, plan, believe, anticipate, intend, estimate, potential, position, forecast, target, guidance, outlook, and similar expressions. These forward-looking statements may include, but are not limited to, statements about the transaction, the completion and expected results of the transaction, and GE HealthCare Technologies Inc.’s (the Company’s) performance, growth opportunities, and strategy. These forward-looking statements involve risks and uncertainties, many of which are beyond the control of the Company. Factors that could cause the Company’s actual results to differ materially from those described in its forward-looking statements include, but are not limited to, the conditions to the completion of the transaction may not be satisfied; closing of the transaction may not occur or may be delayed; the Company may be unable to achieve the anticipated benefits of the transaction; operating costs and business disruptions (including, without limitation, difficulties in maintaining relationships with employees, customers, and suppliers) may be greater than expected; the Company may assume unexpected risks and liabilities; and completing the transaction may distract the Company’s management from other important matters. Other factors that may cause such a difference also include those discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission and any updates or amendments it makes in future filings. There may be other factors not presently known to the Company or which it currently considers to be immaterial that could cause the Company’s actual results to differ materially from those projected in any forward-looking statements the Company makes. The Company does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.

About GE HealthCare Technologies Inc.

GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 125 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Ultrasound and Image Guided Therapies, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with approximately 51,000 colleagues working to create a world where healthcare has no limits.

Follow us on LinkedIn, X , Facebook (NASDAQ:), Instagram, and Insights for the latest news, or visit our website https://www.gehealthcare.com/ for more information.

About Intelligent Ultrasound Group

Intelligent Ultrasound (AIM: IUG) is one of the world’s leading ‘classroom to clinic’ ultrasound companies, specialising in real-time hi-fidelity virtual reality simulation for the ultrasound training market (‘classroom’) and artificial intelligence-based clinical image analysis software tools for the diagnostic medical ultrasound market (‘clinic’). Based in Cardiff in the UK and Atlanta in the US, the Group has two revenue streams:

Simulation

Real-time hi-fidelity ultrasound education and training through simulation. Our main products are the ScanTrainer obstetrics and gynaecology training simulator, the HeartWorks echocardiography training simulator, the BodyWorks Eve Point of Care and Emergency Medicine training simulator with Covid-19 module and the new BabyWorks Neonate and Paediatric training simulator. To date over 1,500 simulators have been sold to over 750 medical institutions around the world.

Clinical AI software

Deep learning-based algorithms to make ultrasound machines smarter and more accessible using our proprietary ScanNav ultrasound image analysis technology. Current products on the market utilising this technology are GE HealthCare’s SonoLyst software that is incorporated in their Voluson Expert 22 and SWIFT ultrasound machines; ScanNav Anatomy PNB that simplifies ultrasound-guided needling by providing the user with real-time AI-based anatomy highlighting for a range of medical procedures; and NeedleTrainer that teaches real-time ultrasound-guided needling and incorporates ScanNav Anatomy PNB.

www.intelligentultrasound.com

1 Radiology Staffing Shortages Nation Wide?, AHEC online, Sept 27, 2021.

2 Work Related Musculoskeletal Disorders in Sonography, Society of Diagnostic Medical Sonography, Susan Murphey, https://www.sdms.org/docs/default-source/Resources/work-related-musculoskeletal-disorders-in-sonography-white-paper.pdf?sfvrsn=10

GE HealthCare Media Contact
Eric Tatro
GE HealthCare
+1 312 459 6140
Eric.Tatro@gehealthcare.com

Source: GE HealthCare Technologies Inc.



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Hansa Biopharma Reports Second Quarter 2024 Financial Results and Business Update By Investing.com

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LUND, Sweden, July 18, 2024 /PRNewswire/ — Hansa Biopharma today announced its first half and second quarter 2024 financial results and business update.

Søren Tulstrup, President and CEO, Hansa Biopharma said: “For the third consecutive quarter, Hansa Biopharma delivered solid IDEFIRIX ® sales performance driven by continued utilization of IDEFIRIX in key transplant centers across all major European markets. Additionally, we continued to progress key trials across the pipeline. Notably, we completed randomization of all patients in ConfIdeS, our pivotal Phase 3 US trial in kidney transplantation, and look forward to communicating data in the second half of 2025 with an expected Biologics License Application (BLA) submission to the US Food and Drug Administration (FDA). Also, our Phase 3 trial in anti-glomerular basement membrane (anti-GBM) disease and the European Post Authorization Efficacy Study (PAES) in kidney transplant have both increased enrollment and remain on track. Looking ahead, the Company has several important milestones in the second half, including further analysis of data from the Phase 1 study of HNSA-5487, the Company’s second-generation IgG cleaving enzyme designed to be re-dosed.”

Financial Performance

The Company delivered strong financial performance for the third consecutive quarter with total revenue of 54.2 MSEK. Of this, 47.1 MSEK is attributed to IDEFIRIX sales. This excludes the impact of an approximate 20 MSEK provision related to potential price adjustments from cumulative sales since the launch of IDEFIRIX in Europe in 2020. After accounting for this provision, total IDEFIRIX product sales were 27.2 MSEK.

Sales performance was primarily driven by continued expansion of IDEFIRIX in key European markets. To date, the Company has secured reimbursement in 14 European markets.

In Q2 2024, the Company completed a directed share issue, raising gross proceeds of 372 MSEK (US $34.6M) primarily from high-quality international healthcare specialist investors.

Pipeline Progress

Progress across the pipeline included the completed randomization in the ConfIdeS pivotal Phase 3 US trial in kidney transplantation, further enrollment in the European Post Approval Efficacy Study in kidney transplantation (70 percent) with expected completion by 2025, and continued enrollment (70 percent) in the GOOD-IDES-12 Phase 3 trial in anti-GBM disease with data readout in 2025.

Financial Summary

MSEK, unless otherwise stated “ unaudited

Q2 2024

Q2 2023

H1 2024

H1 2023

Revenue

34.3

36.7

90.3

60.8

– thereof: Product sales1(Q2 product sales 47.1 MSEK less provision 19.9 MSEK = 27.2 MSEK)

27.2

29.6

74.7

43.9

SG&A expenses

(88.2)

(129.5)

(179.5)

(232.8)

R&D expenses

(91.7)

(114.7)

(194.6)

(207.5)

Loss from operations

(187.4)

(228.5)

(346.8)

(410.8)

Loss for the period

(207.9)

(251.2)

(426.5)

(456.6)

Net cash used in operations

(189.2)

(181.9)

(378.3)

(388.9)

Cash and short-term investments

705.0

1,102.5

705.0

1,102.5

EPS before and after dilution (SEK)

(3.30)

(4.79)

(7.38)

(8.71)

Number of outstanding shares

67,814,241

52,443,962

67,814,241

52,443,962

Weighted average number of shares before and after dilution

62,929,675

52,443,962

57,800,736

52,443,962

No of employees at the end of the period

146

162

146

162

1  Product sales in the second quarter 2024 totaled 47.1 MSEK. Sales were offset by a provision totalling 19.9 MSEK for potential credits associated with volume discounts and potential refunds. First half 2024 product sales totaled 94.6 MSEK and were offset by the provision totaling 19.9 MSEK. Net of the provision, first half product sales totaled 74.7 MSEK.

Conference Call Details

Hansa Biopharma will host a telephone conference today Thursday, July 18, 2024, at 14:00 CET / 8:00 am EST.

The event will be hosted by Søren Tulstrup, President and CEO, Matthew Shaulis, Chief Commercial Officer and US President, Evan Ballantyne, Chief Financial Officer, and Hitto Kaufmann, Chief R&D Officer. The presentation will be held in English.

Slides used in the presentation will be live on the company website during the call under “Events & Presentations” and will also be made available online after the call. Link to presentation

To participate in the telephone conference, please use the dial-in details provided below:

Sweden: +46  812 410 952

United Kingdom: +44 203 769 6819

United States: +1  646  787 0157

Participant access code: 765135

The webcast will be available on https://hansabiopharma.eventcdn.net/events/half-year-january-june-2024

For the full financial calendar and list of events in 2024 please visit https://www.hansabiopharma.com/investors/calendar/

This is information that Hansa Biopharma AB is obliged to make public pursuant to the Securities Markets Act.

For more information:

Evan Ballantyne,  CFO
E:  ir@hansabiopharma.com

Stephanie Kenney,  VP Global Corporate Affairs
E:  media@hansabiopharma.com

About Hansa Biopharma

Hansa Biopharma is a pioneering commercial-stage biopharmaceutical company on a mission to develop and commercialize innovative, lifesaving and life altering treatments for patients with rare immunological conditions. Hansa has developed a first-in-class immunoglobulin G (IgG) antibody cleaving enzyme therapy, which has been shown to enable kidney transplantation in highly sensitized patients. Hansa has a rich and expanding research and development program, based on the Company’s proprietary IgG-cleaving enzyme technology platform, to address serious unmet medical needs in transplantation, autoimmune diseases, gene therapy and cancer. Hansa Biopharma is based in Lund, Sweden and has operations in Europe and the U.S. The Company is listed on Nasdaq Stockholm under the ticker HNSA. Find out more at hansabiopharma.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hansa-biopharma-ab/r/hansa-biopharma-reports-second-quarter-2024-financial-results-and-business-update,c4016231

The following files are available for download:

https://mb.cision.com/Main/1219/4016231/2919974.pdf

20240718 HNSA – Q2 2024 Quarterly Report ENG



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LG ACCELERATES SMART FACTORY SOLUTIONS BUSINESS INTEGRATING AI WITH 66-YEAR MANUFACTURING EXPERTISE By Investing.com

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Company to Leverage Lighthouse Factory Expertise  to Develop Future-Oriented Business Models

SEOUL, South Korea, July 18, 2024 /PRNewswire/ — LG Electronics (LG) is advancing its smart factory solutions business by integrating artificial intelligence (AI) and digital transformation (DX) with its extensive 66-year history of manufacturing and production expertise.

The Ultimate Fusion of AI and Manufacturing Capabilities

Earlier this year, LG officially entered the smart factory solutions market. The Production engineering Research Institute (PRI), which has been enhancing production and manufacturing competitiveness for LG Group affiliates, is now extending its expertise to external clients. Services offered include production consulting, development of equipment and operation systems and training for technology personnel.

Despite being in its inaugural year, the business has already achieved significant milestones. PRI anticipates securing orders worth approximately KRW 200 billion from external clients for its smart factory solutions.

Major clients include secondary battery manufacturers, automotive parts manufacturers and logistics companies. LG plans to aggressively expand into industries with rapidly growing factory demand, such as semiconductors, pharmaceuticals, biotechnology and food and beverage. The goal is to develop the smart factory solutions business into a multi-trillion KRW enterprise by 2030, excluding revenue generated within the LG Group.

According to market research firm Precedence Researchthe global smart factory market is projected to grow from USD 155.61 billion this year to USD 268.46 billion by 2030.

770TB of Manufacturing Data and Over 1,000 Patents

LG has accumulated vast amounts of manufacturing data and know-how through 66 years of factory design, construction and operation. In the past decade alone, the company has amassed 770 terabytes (TB) of manufacturing and production data, equivalent to storing approximately 197,000 high-definition movies (assuming each movie is 4GB). The company’s competitive edge also lies in its various core production technologies essential for smart factory configuration, with PRI filing over 1,000 patents related to smart factory solutions. LG aims to set its smart factory solutions apart by integrating its extensive manufacturing data and expertise with AI and DX, leveraging world-class production technologies. These smart factory solutions encompass production system design, monitoring and operation through Digital Twin technology; big data and generative AI-based management of quality, industrial safety and equipment; and the provision of various industrial robots.

Production Efficiency Directly Linked to Business Profitability

Smart factory solutions focus on minimizing even the briefest delays or minute errors between processes. Since efficiency in production is directly linked to the overall profitability of the business, enhancing it is crucial. For example, at LG’s refrigerator production line in Changwon, a refrigerator is produced every 13 seconds. A 10-minute delay in the production line would result in a production shortfall of 50 refrigerators. Assuming the price of one refrigerator is KRW 2 million, a 10-minute delay translates to a loss of KRW 100 million.

This impact is even more significant for products with faster production speeds. Therefore, solutions that minimize delays across processes “ from the seamless supply of multiple components to assembly, packaging and inspection “ are essential.

Comprehensive Production Solutions Covering the Entire Journey

LG approaches the smart factory business not just as unit solutions for specific areas but as comprehensive solutions covering the entire journey for clients, from factory planning to design, construction and operation. Considering the client’s environment and industry characteristics, the company diagnoses existing factories and identifies areas for improvement, establishing a step-by-step roadmap from automation, informationization and intelligence perspectives to maximize investment effectiveness.

Digital Twin Solution for All Value Chain

The production system design and operation solutions leverage real-time simulations using Digital Twin technology. Before the factory is built, a virtual replica identical to the real factory is created, allowing clients to preview the production and logistics flow. This enables optimal efficiency in factory design.

During the operational phase, analyzing real-time data helps detect bottlenecks, defects and malfunctions in the production line in advance, thereby contributing to productivity improvement.

Autonomous Mobile Robots and Collaborative Robots

LG’s various industrial robot solutions for factory automation offer significant advantages. The Autonomous Mobile Robot (AMR) is equipped with cameras, radar and LiDAR sensors to recognize its surroundings and supply parts and materials. It navigates effectively, avoiding workers and obstacles through autonomous driving.

The Mobile Manipulator (MM), which combines a multi-joint robotic arm with an AMR, can automate a range of tasks seamlessly. It is capable of diverse actions such as assembly, defect inspection and transporting parts and materials. Additionally, it can replace the batteries of nearby AMRs when they run low.

Generative AI Solutions for Easy Anomaly Diagnosis

Solutions that assist in managing yield rates and ensuring the smooth operation of equipment are also highly beneficial. Sensors installed throughout the factory detect abnormal signals such as vibrations and noise caused by equipment aging or lack of lubrication. Big data is then used to determine the causes and recommend corrective actions.

Generative AI based on large language models allows for easy use through voice commands. For example, saying “abnormal vibration in equipment A at 2 p.m.” records the abnormal signal on the server. A command like “show recent abnormal vibrations and corrective actions” provides a list of defect types and previous corrective actions in order of likelihood.

Additionally, LG has developed a real-time detection system powered by Vision AI. This system learns the factory’s normal operating conditions and detects anomalies such as temperature fluctuations and defects. It also enhances factory safety management by identifying workers who are not properly wearing safety helmets or work vests.

Expediting the Development of a Future-Oriented Business Model by Harnessing Lighthouse Factory Expertise

LG’s intelligent autonomous factories in Changwon, South Korea, and Tennessee, USA, have been recognized as Lighthouse Factories by the World Economic Forum. Following the implementation of smart factory solutions, productivity at the Changwon plant increased by 17 percent, energy efficiency improved by 30 percent, and quality costs due to defects were reduced by 70 percent. Within the LG Groupproduction facilities at over 60 locations in 40 regions worldwide are applying solutions from PRI.

Leveraging this internally and externally validated smart factory expertise for business ventures holds significant meaning in terms of commercializing intangible assets. LG is driving a transformation of its business portfolio, which has traditionally focused on production of hardware, by integrating software and solutions into a future-oriented structure. This approach is expected to significantly contribute to the rapid growth of the company’s B2B sector, one of the three key growth drivers in LG’s 2030 Future Vision, especially as it targets numerous external corporate clients.

“We will offer optimal smart factory solutions at every stage “ from planning and design to construction and operation “ becoming the ideal partner that supports our clients throughout their entire production journey,” said Jeong Dae-hwa, head of LG PRI.

Unit for production speed is parts per million (PPM).

About LG Electronics, Inc.

LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG’s four companies “ Home Appliance & Air Solution, Home EntertainmentVehicle component Solutions and Business Solutions “ combined for global revenue of over KRW 84 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com  for the latest news.



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Q2 2024 Revenue and Business Highlights, Guidance Upgrade By Investing.com

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MELBOURNE, Australia, July 18, 2024 (GLOBE NEWSWIRE) — Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today provides an update on its revenue and operational performance for the quarter ended 30 June 2024 (Q2 2024).

Q2 2024 Financial Performance and Guidance Upgrade

The Company reports unaudited total revenue of approximately US$124M1 (AU$189M) primarily generated from sales of Telix’s prostate cancer imaging product Illuccix ®. This represents an increase of 55% on the prior corresponding quarter (Q2 2023: US$80M or AU$120M) and an increase of 8% on the previous quarter (Q1 2024: US$115M or AU$175M). Revenue generated from sales of Illuccix ® in the United States (U.S.) was approximately US$121M (AU$184M, Q2 2023: US$78M or AU$116M).

On the basis of these results, the Company has upgraded revenue guidance for FY2024 which is now expected to be in the range of US$490M to US$510M (AU$745M to AU$776M at current exchange rates). This represents an approximate increase of 48% to 54% on 2023 revenue. Prior guidance was ranged at US$445M to US$465M2 (AU$675M to AU$705M).

Dr Christian Behrenbruch, Managing Director and Group Chief Executive Officer said, We have continued to deliver excellent quarterly growth in both revenue and dose volume sales of Illuccix. We have leveraged our unrivalled scheduling flexibility and clinical differentiation, to increase our market share and minimise the impact of new entrants.

Revenue guidance is based on approved products in jurisdictions with a marketing authorisation3. Telix reaffirms guidance for R&D expenditure, which remains at an expected 40-50% increase compared with 2023, funded by earnings.

The above guidance is based on expected global and domestic economic conditions and is subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially. As such, investors are cautioned not to place undue reliance on this guidance and in particular Telix cannot guarantee a particular result. In compiling financial forecasts, a number of key variables that may have a significant impact on guidance have been identified and are included below as a footnote4.

The Company will release its interim report and Appendix 4D for the six months ended 30 June 2024 on 22 August 2024.

Q2 2024 Operational Highlights

Telix continued to progress its extensive theranostic pipeline during the quarter. Highlights include positive data from prostate cancer therapy programs:

  • TLX591 (177Lu rosopatamab tetraxetan): Telix reported a positive efficacy signal from the ProstACT SELECT trial of TLX591, its lead investigational radio antibody-drug conjugate (rADC) in prostate cancer. The median radiographic progression-free survival (rPFS) of 8.8 months compares favourably to small molecule radioligand therapy (RLT) agents at a similar stage of development and builds on earlier results from ProstACT SELECT confirming the favourable safety profile and clinical utility of the short, two-dose treatment regimen. TLX591 is being further evaluated in the Phase III ProstACT GLOBAL trial. The study received Investigational New Drug (IND) clearance from the U.S. Food and Drug Administration (FDA) during the quarter. Multiple sites across the U.S. are now being activated and preparing to dose first patients. Patient recruitment continues at sites in Asia Pacific.
  • TLX592 (225Ac-RADmAb ®): Successful proof-of-concept study completed for targeted alpha therapy in prostate cancer. The initial results demonstrated Telix’s proprietary RADmAb engineered antibody is rapidly eliminated from the blood circulation and cleared via the liver, desirable characteristics for use with alpha emitting radioisotopes. Based on the outcomes of this trial, the program will progress to a Phase I/II therapeutic trial with Actinium 225.

Telix is progressing multiple marketing authorisation applications across its precision medicine (diagnostic) portfolio, including:

  • New Drug Application (NDA) submission for new prostate cancer imaging agent TLX007-CDx (PSMA-PET imaging5): Telix submitted a NDA to the FDA for a new PSMA targeting prostate cancer imaging agent designed to expand the availability, distribution and scheduling flexibility for PSMA-PET imaging6. The FDA is expected to confirm by the end of July 2024 whether the submission is accepted for review. Confirmation of the PDUFA7 goal date (review timeframe) is expected in early August 2024, in line with FDA procedure.
  • Kidney cancer imaging agent TLX250-CDx (Zircaix ®8, 89Zr-DFO-girentuximab) regulatory filing completed: The Biologics License Application (BLA) submission to the FDA for kidney cancer imaging has now been completed9. The Company is expecting confirmation of the PDUFA goal date from the FDA by end of July 2024. Concurrently the expanded access and compassionate use programs for TLX250-CDx continue to dose patients across the U.S., Australia and Europe in a significant area of unmet patient need. Separately, a manuscript reporting the final results from the pivotal Phase III ZIRCON study is in the late stages of peer-review for publication in a leading medical journal.
  • Brain cancer imaging agent TLX101-CDx (Pixclara™8, 18F-floretyrosine or 18F-FET) regulatory package: Telix participated in a pre-NDA meeting with the FDA on 12 June 2024, with the purpose of consulting on the final package and likely scope of label indications, including alignment on the final clinical package. On the basis of this positive discussion the Company is now finalising its NDA for submission during Q3 2024.
  • European Union (EU), United Kingdom (UK) and Brazil regulatory filings for Illuccix ®: The marketing authorisation applications for the EU and the UK are continuing to progress. All regulator questions raised in the EU marketing authorisation application within the standard clock stop period have been addressed and no substantive issues have been identified. The Company will communicate the final decision date once set by the competent authority, the German Federal Institute for Drugs and Medical Devices (Bundesinstitut für Arzneimittel und Medizinprodukte, BfArM). Telix is expecting to receive a regulator’s assessment report by the end of July 2024 from the UK Medicines & Healthcare Products Regulatory Agency (MHRA), which is expected to include final questions and a timeline for the remainder of the review. The marketing authorisation application in Brazil with Telix’s partner Grupo GSH is in the final stages of review with an approval decision anticipated from the Brazilian Health Regulatory Agency (Agencia Nacional de Vigilancia Sanitaria, ANVISA) during Q3 2024 based on current information.

Subsequent to the end of Q2 2024, the U.S. Centers for Medicare & Medicaid Services (CMS) announced proposed changes for the Hospital Outpatient Prospective Payment System (OPPS) rule, which would improve payments to Medicare patients for diagnostic radiopharmaceuticals in the U.S., including Illuccix ® and future Telix diagnostic products, if approved10. Telix welcomes the proposal to keep the payment for the diagnostic radiopharmaceuticals separate from the nuclear medicine test (scan) after transitional pass-through payment status expires, which will facilitate continued patient access11. The proposal is now in a 60-day comment period, with a final rule to be issued in early November 2024 and take effect 1 January 2025.

About Telix Pharmaceuticals Limited

Telix is a biopharmaceutical company focused on the development and commercialisation of therapeutic and diagnostic radiopharmaceuticals and associated medical devices. Telix is headquartered in Melbourne, Australia, with international operations in the United States, Europe (Belgium and Switzerland), and Japan. Telix is developing a portfolio of clinical and commercial stage products that aims to address significant unmet medical needs in oncology and rare diseases. Telix is listed on the Australian Securities Exchange (ASX: TLX).

Telix’s lead imaging product, gallium-68 (68Ga) gozetotide injection (also known as 68Ga PSMA-11 and marketed under the brand name Illuccix ®), has been approved by the U.S. Food and Drug Administration (FDA)12, by the Australian Therapeutic Goods Administration (TGA) 13, and by Health Canada14. No other Telix product has received a marketing authorisation in any jurisdiction.

Visit www.telixpharma.com for further information about Telix, including details of the latest share price, announcements made to the ASX, investor and analyst presentations, news releases, event details and other publications that may be of interest. You can also follow Telix on X and LinkedIn.

Telix Investor Relations

Ms. Kyahn Williamson
Telix Pharmaceuticals Limited
SVP Investor Relations and Corporate Communications
Email: kyahn.williamson@telixpharma.com

This announcement has been authorised for release by the Board of Telix Pharmaceuticals Limited.

Legal Notices

The information contained in this announcement is not intended to be an offer for subscription, invitation or recommendation with respect to shares of Telix Pharmaceuticals Limited (Telix) in any jurisdiction, including the United States. No representation or warranty, express or implied, is made in relation to the accuracy or completeness of the information contained or opinions expressed in the course of this announcement. The information contained in this announcement is subject to change without notification.

This announcement may contain forward-looking statements that relate to anticipated future events, financial performance, plans, strategies or business developments. Forward-looking statements can generally be identified by the use of words such as may, expect, intend, plan, estimate, anticipate, outlook, forecast and guidance, or other similar words. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are based on the Company’s good-faith assumptions as to the financial, market, regulatory and other risks and considerations that exist and affect the Company’s business and operations in the future and there can be no assurance that any of the assumptions will prove to be correct. In the context of Telix’s business, forward-looking statements may include, but are not limited to, statements about: the initiation, timing, progress and results of Telix’s preclinical and clinical studies, and Telix’s research and development programs; Telix’s ability to advance product candidates into, enrol and successfully complete, clinical studies, including multi-national clinical trials; the timing or likelihood of regulatory filings and approvals, manufacturing activities and product marketing activities; the commercialisation of Telix’s product candidates, if or when they have been approved; estimates of Telix’s expenses, future revenues and capital requirements; Telix’s financial performance; developments relating to Telix’s competitors and industry; and the pricing and reimbursement of Telix’s product candidates, if and after they have been approved. Telix’s actual results, performance or achievements may be materially different from those which may be expressed or implied by such statements, and the differences may be adverse. Accordingly, you should not place undue reliance on these forward-looking statements. You should read this announcement together with our risk factors, as disclosed in our most recently filed reports with the ASX or on our website.

To the maximum extent permitted by law, Telix disclaims any obligation or undertaking to publicly update or revise any forward-looking statements contained in this announcement, whether as a result of new information, future developments or a change in expectations or assumptions.

©2024 Telix Pharmaceuticals Limited. The Telix Pharmaceuticals ®, Illuccix ®, Pixclara™8 and Zircaix ®8 names and logos are trademarks of Telix Pharmaceuticals Limited and its affiliates “ all rights reserved.

1 Conversion to AUD$ is at an average exchange rate realised during Q2 2024 of AUD$1 = US$0.658
2 Telix ASX disclosures 22 February and 17 April 2024.
3 Illuccix ® has received a marketing authorisation in Australia, Canada and the U.S.
4 Key variables that could cause actual results to differ materially include: the success and timing of research and development activities; decisions by regulatory authorities regarding approval of our products as well as their decisions regarding label claims; competitive developments affecting our products; the ability to successfully market new and existing products; difficulties or delays in manufacturing; trade buying patterns and fluctuations in interest and currency exchange rates; legislation or regulations that affect product production, distribution, pricing, reimbursement, access or tax; acquisitions and divestitures; research collaborations; litigation or government investigations; and Telix’s ability to protect its patents and other intellectual property.
5 Imaging of prostate-specific membrane antigen with positron emission tomography.
6 Telix ASX disclosure 27 May 2024.
7 Prescription Drug User Fee Act.
8 Brand name subject to final regulatory approval.
9 Telix ASX disclosure 3 June 2024.
10 CMS Press Release 10 July 2024.
11 Telix ASX disclosure 11 July 2024.
12 Telix ASX disclosure 20 December 2021.
13 Telix ASX disclosure 2 November 2021.
14 Telix ASX disclosure 14 October 2022.

Source: Telix Pharmaceuticals Limited



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The Value of Boston Real Estate Agents- The Work Behind the Commission

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The real estate market in Boston is busy and dynamic, and properties are constantly changing hands. But behind every deal closed is a Boston real estate agent who worked tirelessly to make it happen. The commissions they earn are not just a percentage of the transaction; They are the result of countless hours of invisible work. Understanding this hidden work helps us understand why these professionals earn their commissions.

A new bill, House Bill No. While this may seem beneficial to tenants at first glance, it could have several unintended consequences. Because the burden of agent fees is placed on landlords, property owners may need to increase rents to offset these additional costs. This would ultimately reduce affordability for renters and disrupt established rental cycles in Boston. The legislation could lead to higher rental prices, more stress in securing housing and less accessibility for less affluent renters, making the housing market less fair.

Understanding these implications highlights the importance of recognizing the value and hard work of real estate agents who invest significant time and resources into their profession, often without immediate compensation. Their use ensures that the real estate market functions smoothly and benefits both landlords and tenants in the long term.

1. The Foundation: Obtaining and maintaining a real estate license

Becoming a licensed real estate agent in Massachusetts is no easy task. The process includes completing pre-licensing courses, passing a rigorous exam, and then committing to ongoing education. This continuous learning is essential to staying up to date on the latest laws, regulations and market trends. Agents must renew their licenses regularly and attend additional training frequently to maintain their competitive edge. This essential work is crucial, but it is unpaid and requires a significant investment of time and money.

Agent on the phone

2. Building the Network: Daily efforts to secure listings

A real estate agent spends a significant portion of his day contacting potential clients on the phone. Cold calling more than 100 landlords per day to secure new offers and negotiate discounts is common practice. Building and maintaining relationships with property owners is a long-term investment. These efforts lay the foundation for future business but do not guarantee immediate income. Agents invest their time and energy in the hope of future commissions, often spending months nurturing these connections.

Boston Realtor Gives Advice

3. Market expertise: Training of customers and landlords

Real estate agents are educators at heart. They help clients understand the complexities of the Boston real estate market and provide insight into pricing strategies, market trends and investment potential. Well-informed agents rent most apartments because they can advise their customers competently and in their best interests.

For landlords, brokers offer advice on market conditions, rent adjustments and property improvements to make their properties more attractive. This educational role requires extensive knowledge and the ability to communicate effectively, skills that are honed over time and experience, without direct compensation for any advice. Most of the time, agents advise landlords to lower their rents rather than raise them – a fact that most tenants are unaware of.

Real-time rental data

4. Always one step ahead: monitor market trends

To provide the best advice and service, agents must stay ahead of market trends. This includes daily research, analyzing market data including average rents by area, real-time availability rates, real-time vacancy rates, average days on market and more. Agents adjust their strategies based on these trends to help their customers. The time spent on this research is critical to maintaining their expertise and providing accurate, up-to-date information. However, this is another aspect of their work that remains unpaid until the contract is concluded.

Boston apartments accommodate media

5. Presentation of real estate: media and presentation

Effectively marketing real estate is a crucial part of an agent’s role. This includes sourcing high-quality photos, videos and virtual tours, as well as ensuring properties are presented in the best light. Preparing a property for viewings, including staging and organizing open days, requires attention to detail and creativity. These marketing efforts involve out-of-pocket costs, from professional photography to advertising costs, which agents cover themselves in the hope of a return on their investment when the property is sold or rented.

Boston apartments

6. Logistics: Manage property access and customer transportation

Managing access to properties and transporting clients to viewings are logistical challenges agents face every day. Obtaining, organizing and returning keys to multiple properties requires careful planning. Additionally, guiding customers to various properties ensures they have a seamless and convenient viewing experience. These tasks are time-consuming and essential to closing deals, but represent another unpaid work in the hope of future commissions.

7. The emotional work: dealing with the customer’s expectations and concerns

Balancing customer expectations with market reality is a delicate task. Real estate agents often act as advisors, providing emotional support and realistic advice throughout the buying, selling or leasing process. They help clients manage the stress and uncertainty that often accompany real estate transactions. This emotional labor is a significant but underappreciated part of an agent’s job and is done without immediate financial reward – and often without financial reward if the client decides not to sublet any of the apartments.

Boston real estate agent

Diploma

The numerous hidden tasks and efforts of real estate agents show why their commissions are deserved. Most of this work is unpaid; Agents only make money when they successfully close a deal. Before they see a return, they invest their own money in their business and often wait months to receive a commission. Even after an offer or rental agreement has been signed, payment will only be made once all contracts have been completed and the money has been received, which can take another few months. Recognizing this hard work and financial risk highlights the true value of real estate agents in Boston. So next time you enter the real estate market, appreciate the dedication and effort your agent puts in to ensure your transaction is a success.

Their commission reflects not only the final deal, but also the many hours of unpaid work, the financial risks they take, and the personal investments they make in their business. Your efforts are critical to maintaining a functioning and dynamic real estate market that benefits everyone involved.

Nearly Three-Quarters of Business Decision Makers Feel Their Businesses Are Not Moving Fast Enough to Address “Megatrend” Risks, Aon Survey Finds

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  • Eighty-six percent say Trade, Technology, Weather and Workforce trends are important to their organizations
  • More confident decision makers find access to comprehensive data and analytics critical to addressing risk and people issues
  • Decision makers are increasingly concerned about weather and climate risks, but majority are slow to make significant investments

DUBLIN, July 17, 2024 /PRNewswire/ — Aon plc (NYSE:) (NYSE: AON), a leading global professional services firm, today announced the findings of its inaugural Business Decision Maker Surveywhich found that 72 percent of business decision makers feel their businesses aren’t moving fast enough to address risks associated with global megatrends across Trade, Technology, Weather and Workforce.

The survey, which gathered insights from C-suite and business executives in North America, UK and Europe, found that 86 percent believe it is important to address the challenges and opportunities presented by these megatrends. However, it is getting harder to make the right decisions amid their growing complexity and volatility.

“These findings confirm what we’re hearing from our clients every day “ the world is more volatile and complex, creating uncertainty and need for new solutions across our global economy,” said Aon CEO Greg Case. “Business decision makers recognize the enormity of the challenges presented by the megatrends of Trade, Technology, Weather and Workforce and they are looking for actionable insights and innovative tools to more quickly address critical risk and people issues.”

KEY MEGATREND FINDINGS
The majority of the survey’s respondents identified all four megatrends as extremely important to their organizations. However, the survey also revealed that Trade, Technology and Workforce ranked as bigger priorities (with 80-plus percent of the respondents rating them as “extremely important”) while 70 percent of those surveyed ranked Weather as a top-priority risk. Other highlights of the survey include:

  • Trade: Business decision makers say that risks linked to trade are some of their top concerns ” both physical and financial. The survey results highlight that supply chain risks are top of mind in the C-suite, with 74 percent of business decision makers saying that their responsibility for supply chain or distribution functions has increased over the last year. On top of that, economic and financial concerns remain a focus for business decision makers, with exchange rate fluctuations and commodity price risk among the top three trade risks.
  • Technology: While advancements in AI and data and analytics offer businesses a significant competitive edge, they also generate new and evolving risks. Business decision makers recognize the importance of fully analyzing and assessing risks associated with technology, with 63 percent reporting that they have measured the ROI of cyber security initiatives and 61 percent auditing IT suppliers to manage third-party risks and IT sprawl in the last year.
  • Weather: Extreme weather and a changing climate are impacting many of the risks businesses face today. Sixty-six percent of business decision makers understand that climate issues raise new risks and vulnerabilities that require a significant change in how businesses think about the future. However, compared with the other three megatrends, decision makers are slower to act on weather risk. While 59 percent of those surveyed are quantifying the financial impact of extreme weather, 72 percent are carrying out the same exercise for cyber.
  • Workforce: Organizations are increasingly balancing costs with the ability to provide a compelling employee experience. Rising workforce costs are among the largest challenges business decision makers face, the survey finds, with 57 percent saying their company has materially changed benefit or health care offerings for employees to improve affordability and improve outcome. Business decision makers also ranked adjusting their talent strategies to account for changes in technology as their top workforce concern. Meanwhile, 52 percent of decision makers have taken action over the last year in reskilling or upskilling workers for the new demands of green technology and renewable projects and 45 percent say that climate issues are helping create a mission-driven culture that attracts and retains talent.

The survey also revealed key differences in risk preparedness between organizations in the U.S. and those in Europe and the UK. For example, 48 percent of U.S. business decision makers select supply chain disruption as a top Trade risk, compared with 27 percent in the EU and UK. Meanwhile, 44 percent of decision makers in the EU and UK see war and political instability as a top Trade risk, compared with 28 percent in the U.S.

Regarding Weather risks, 47 percent of business decision makers in Europe and the UK are prioritizing decarbonization and clean energy, compared with only a third (33 percent) in the U.S. However, U.S. leaders are paying more attention to workforce safety related to heatwaves (45 percent in the U.S., compared to 40 percent in the EU and UK) and property damage caused by natural disasters (37 percent in the U.S., compared to 33 percent in the EU and UK).

THE NEED FOR BETTER DECISIONS
Building on the results of the firm’s recently released 2024 Client Trends Report: Better Decisions in Trade, Technology, Weather and Workforce, Aon‘s Business Decision Maker Survey found that as risks grow more interconnected, business decision makers feel pressure to take on more responsibility to manage the challenges found within these trends such as artificial intelligence and climate risk.

Responding to these megatrends risks is made more difficult by continued concern about macroeconomic and financial conditions. Seventy-seven percent of business decision makers are concerned about interest rate fluctuations and 73 percent are concerned about asset price volatility impacting their business in the next year.

“It’s clear that without taking action, business decision makers will not be able to effectively manage their exposures to these megatrends over the next year,” said Aon President Eric Andersen. “As the megatrends grow more interconnected, businesses which adopt a comprehensive, data-driven, forward-looking approach to risk management will more confidently address challenges and seize opportunities amid uncertainty.”

Data and analytics play a vital role in building executive confidence amid this increased pressure. Of those business decision makers who feel “very confident” their company will be able to effectively manage risk exposures over the next year, 60 percent say they have the data and analytics they need to address challenges, while just 41 percent of less confident decision makers feel the same. Modeling climate and weather risks is a particular concern, with only 39 percent of decision makers very confident they have accurate data, analytics and insights to protect their businesses.

Confident business decision makers also benefit from effectively sizing and pricing risk exposures and event scenarios. Fifty-nine percent of decision makers who are “very confident” have quantified the profit-and-loss of supply chain, cyber risk, and weather-related scenarios and events in the last year, compared to just 36 percent of leaders less confident they are effectively managing risk exposures.

Aon‘s inaugural Business Decision Maker Survey was conducted through online interviews with 812 business decision makers between April 24 and May 5, 2024. Respondents included C-suite executives, senior executives, and executives of companies with more than 500 employees in the United States, Canada, United Kingdom, Germany, France, Italy and Spain. Additional information about the Business Decision Maker Survey can be found here.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better ” to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook (NASDAQ:) and Instagram. Stay up-to-date by visiting Aon‘s newsroom and sign up for news alerts here.

Media Contact
mediainquiries@aon.com
Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114
International: +1 312 381 3024



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Kayak for Business Adds Air APIs, Payment Tech to Enterprise Tool

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Kayak for Business has added new features in an update to its Enterprise tool, including integration of airline APIs and the launch of a payment function, the company announced.

The updated offering—built from its collaboration with travel industry blockchain technology provider Blockskye and pioneering customer PwC U.S.—enables clients to manage bookings on the Kayak for Business platform, with airlines or with Kayak agents, the company said. Companies can control what is displayed per their travel policies and will receive servicing and reporting on all bookings, according to Kayak.

For travelers, the platform was designed to create a shopping experience similar to airline websites, with their loyalty status reflected while shopping, the company said.

Kayak for Business also is integrating the newly launched Blockskye Pay, which uses the company’s blockchain technology to automatically charge expenses to companies rather than requiring employees to file expense reports. The system can manage unused ticket values across profiles, according to Kayak.

“Business travel is a $1.4 trillion market thick with intermediaries that add cost and hassle,” Blockskye co-founder and co-CEO Michael Share said in a statement. “We’ve been listening to travelers, travel suppliers and procurement teams, and they all have an objective in common: They want to lower the cost of administration and distribution.”

Airlines working directly with Kayak for Business for the Enterprise tool include American Airlines, Southwest Airlines and United Airlines. Southwest director of B2B strategy Eric Hall in a statement said the initial work with PwC U.S. has offered “a better booking and expense experience” and that the carrier is “looking forward to bringing this solution to more business travel customers.”



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Groupize Acquires The Vendry | Business Travel News

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Self-service meeting sourcing and planning platform Groupize has snapped up startup meetings marketplace The Vendry, adding more than 70,000 venues and independent vendors to the Groupize’s existing global marketplace of 190,000 hotels.

The terms of the deal were not disclosed.

The Vendry raised $6.5 million in 2021 to build a marketplace-based venue search and request-for-proposals platform, which it debuted the following year along with along with a meeting planner networking group. The networking group provides feedback on utilized venues, creating a feedback and recommendation loop. Last October, the startup enhanced the offering with a Chrome browser extension that pops up Vendry information about venues when users simply are searching online. It upgraded the in-app search engine last October to provide more granular search guidance.

According to Groupize, 150,000 meeting planners currently use The Vendry platform globally every month. The meetings management platform will operate The Vendry market on its own as The Vendry by Groupize, but in the coming months will integrate The Vendry offerings into its own marketplace. The press release also indicated that The Vendry’s artificial intelligence-powered search will become a part of the Groupize experience once the integration is completed later this year.

The Vendry founder Daphne Hoppenot will join the Groupize executive team as a strategic advisor. Alisa de Gaspe Beaubien will remain CEO.

“We’re excited to bring this innovative technology into the Groupize platform, accelerating our mission to transform the way meetings and events are managed,” said de Gaspe Beaubien. “This acquisition accelerates our timelines on delivering a global solution to plan and manage exceptional meeting and event experiences.”



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Japan’s mixed business sentiment highlights patchy economic outlook By Reuters

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(Corrects figures throughout)

By Tetsushi Kajimoto

TOKYO (Reuters) – Japanese manufacturers became more confident about business conditions in July whereas those in the service sector cooled, the monthly Reuters Tankan survey showed on Wednesday, reflecting a patchy economic outlook.

The poll of 506 large non-financial firms comes two weeks before the Bank of Japan (BOJ) holds its July 30-31 policy review. Investors are seeking clues on when the BOJ may raise interest rates, after doing so in March for the first time since 2007 and then deciding last month to reduce its bond-buying.

The central bank will scrutinise its own tankan – or short-term outlook – as well as other data for signs of a sustained rate of inflation and strong household consumption backed by wage hikes, which could strengthen the case for more rate hikes.

In the Reuters Tankan poll, which closely tracks the BOJ’s tankan, the sentiment index for manufacturers stood at plus 11, up five points from June and its first gain in four months.

However, manufacturers expect the index to fall back to plus 10 over the next three months.

“Domestic price hikes have weakened consumption and a slowing Chinese economy has caused China-bound materials from the Middle East to make inroads into the Japanese market at low prices,” a manager at a chemicals manufacturer wrote in the Reuters poll, conducted July 2-12, on condition of anonymity.

“The double punches of weak domestic demand and cheap import materials from overseas are curbing our sales volume.”

A food processing company manager wrote: “Input prices have risen and remain elevated due to the weak yen as we struggle to transfer costs to our customers.”

The Reuters Tankan service-sector index fell for the first time in three months, to plus 26 from plus 31 a month earlier. Non-manufacturers expect the index to be plus 27 in October.

The Reuters Tankan indexes are calculated by subtracting the percentage of pessimistic responses from optimistic ones. A positive figure indicates optimists outnumber pessimists.

(This story has been corrected to fix the figures throughout)



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Americas’ Demand for IT and Business Services Rebounded in Q2, ISG Index™ Shows By Investing.com

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Region’s growth paced by XaaS demand, as managed services remains sluggish

STAMFORD, Conn.–(BUSINESS WIRE)–Demand for IT and business services in the Americas rebounded in the second quarter as the region produced its best growth in two years, even as spending on managed services remained sluggish, according to the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: NASDAQ:), a leading global technology research and advisory firm.

The Americas ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of $5 million or more, shows second-quarter ACV for the combined market”including both cloud-based as-a-service (XaaS) and managed services”rose 10 percent, to $12.1 billion, the region’s first quarterly double-digit increase since the second quarter of 2022.

The latest quarter ends a streak of five straight quarters of year-over-year declines, after the market peaked at $13.5 billion of combined ACV in the first quarter of 2022.

Overall, second-quarter growth was driven largely by XaaS spending, which rose 15 percent, to $7.4 billion, the first time XaaS ACV exceeded $7 billion in a quarter since the fourth quarter of 2022. Managed services ACV, meanwhile, rose 3 percent, to $4.7 billion, against a soft year-ago quarter. It was only the second time in the last seven quarters that managed services ACV fell below $5 billion in a quarter.

Managed services contract volume, at 347 deals, was down nearly 6 percent from the prior year. There were four mega-deals (with ACV of at least $100 million) signed in the quarter, compared with three such deals in the prior year.

Managed services growth was held back by a sharp decline in spending by the banking, financial services and insurance (BFSI) sector, the region’s largest industry for IT and business process outsourcing. BFSI ACV fell 18 percent, as other industries advanced, including manufacturing (up 9 percent), consumer packaged goods (up 29 percent), retail (up 46 percent) and media and telecommunications (up more than 250 percent).

Enterprises are spending again on cloud-based services, particularly as they look to modernize their data capabilities to pave the way for generative AI at scale, said Todd Lavieri, ISG vice chairman and president of ISG Americas and Asia Pacific. Managed services demand continues to be sluggish, as discretionary spending remains under pressure. Companies continue to focus on optimizing their existing investments and are slow to begin or accelerate new initiatives.

The downturn in the BFSI sector this quarter is emblematic of that trend, Lavieri noted. We continue to see banks laser-focused on cost optimization and ensuring ROI from past investments, but we also see a strong desire not to miss the boat on AI, which is driving new project-based work.

Lavieri added: With signs of slowing inflation in the U.S., and early indications that interest rates may be easing, we expect the Americas market to slowly rebound in the coming quarters.

Results by Segment

Within managed services, IT outsourcing (ITO) declined 4 percent, to $3.4 billion of ACV, as growth in data center and infrastructure services was offset by a sharp decline in application development and maintenance (ADM) services. ACV for business process outsourcing (BPO), meanwhile, surged 25 percent, on strong demand for facilities management; engineering, research and development (ER&D) and industry-specific services.

On the cloud side, infrastructure-as-a-service (IaaS) ACV climbed 24 percent, to $5.1 billion, even as software-as-a-service (SaaS) dipped 1 percent, to $2.3 billion.

First-Half Results

The Americas’ combined market rose 4 percent year to date, to $24.2 billion, versus a soft first half last year. The combined market, however, remains 7 percent lower than the first half of 2022, when it reached a record high.

Managed services ACV declined 2 percent, to $9.8 billion, on 717 contracts “ including six mega-deals, compared with nine such deals last year. Within managed services, ITO was down slightly (0.6 percent), to $6.8 billion, while BPO fell 6 percent, to $3.0 billion.

XaaS spending in the first half was up 8 percent, to $14.4 billion, with IaaS up 13 percent, to $9.6 billion, and SaaS essentially even (up 0.1 percent), at $4.8 billion.

2024 Forecast

For the full year, ISG is forecasting 2 percent revenue growth for managed services, down 100 basis points from its April forecast, and 14 percent revenue growth for XaaS, down from its 15 percent growth forecast in April.

Globally, there is no clear catalyst at the moment to push discretionary spending higher, Lavieri said. As in the Americas, global activity in the important BFSI sector remains dampened, due to the higher-for-longer interest rate environment. Enterprises in general continue to focus on cost optimization, and AI growth, while strong, is likely masking underlying weakness in the IT and business services industry.

About the ISG Index™

The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry. For 87 consecutive quarters, it has detailed the latest industry data and trends for financial analysts, enterprise buyers, software and service providers, law firms, universities and the media. For more information about the ISG Index, or to view a replay of the 2Q24 webcast and download presentation slides, visit this webpage.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI and automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries”a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Press Contacts:

Will Thoretz, ISG
+1 203 517 3119
will.thoretz@isg-one.com

Julianna Sheridan, Matter Communications for ISG
+1 978-518-4520
isg@matternow.com

Source: Information Services Group, Inc.



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TEAC starts Business collaboration with Forthcode for Integrated Retail Systems in Aviation By Investing.com

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TOKYO–(BUSINESS WIRE)–TEAC Corporation (TOKYO: 6803) (ISIN: JP3539200000) (headquartered in Tama-shi, Tokyo, President: Yuji Hanabusa) has announced a business partnership with Forthcode (headquartered in Bangalore, India, CEO: Ajith Balakumar) to enhance their Inflight Digital Platform.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240715799233/en/

Fothcode x Portastream TEAC PS-V50 GEN2 (Graphic: Business Wire)

About Forthcode

Forthcode, headquartered in Bangalore, India’s Silicon Valley, is a leading supplier of Inflight Digital Platform comprising of Inflight Retail, Inflight Service and Catering management process automation for Airlines, Cruise lines and Railways Sector. They serve over 100 clients across the US, Europe, India, the Middle East, and Asia, with numerous implementations in the airline industry across the globe. Their “nGO Airlines” platform automates inflight sales process, inflight service process, inventory adjustment, crew performance, and automated galley loading. It also supports PCI DSS-compliant offline and online credit card transactions. The system combines data from flight operations, airline reservation systems, crew rostering system and airline ERP to offer seamless inflight sales/service management, boosting ancillary service revenue.

TEAC’s efforts in overseas markets

TEAC aims to expand the sales of their PS-V50 GEN2 through partnerships with regional system suppliers. The collaboration with Forthcode will enable TEAC to offer a comprehensive inflight digital platform combining inflight entertainment and inflight service that optimizes in-flight sales/service operations and profitability, enhancing the value of their inflight entertainment systems. The PS-V50 GEN2 supports low-cost credit card payments onboard, which is increasingly in demand, and will drive further market expansion.

About PS-V50 GEN2

The PS-V50 GEN2 is a portable, battery-powered streaming server for aircraft, with a built-in Wi-Fi access point. It can be installed in overhead bins or galley storage and allows passengers to access digital content like videos, music, eBooks, flight maps, and in-flight sales catalogs on their mobile devices via Wi-Fi. The device is also set to support power supply from the aircraft.

TEAC Corporation
IPD Marketing Team
+81-42-356-9154
isd-pm@teac.co.jp

Source: TEAC CORPORATION



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Why Working with a Real Estate Professional Is Crucial Right Now

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It can be difficult to navigate the real estate market, especially these days. That’s why it’s so important to have an experienced advisor when buying or selling a home. The market is tough right now and working with a real estate expert can provide insights and advice that make all the difference.

Although today’s market conditions may seem confusing or overwhelming, you don’t have to deal with them alone. With a trusted expert to guide you through every step, you can navigate the process with the clarity and confidence you deserve.

Here are just a few examples of why a real estate professional is invaluable:

contracts – Agents assist with the disclosures and contracts required in today’s highly regulated environment.

Experience – In today’s market, experience is key. Real estate professionals know the entire sales process and how it is currently changing.

negotiations – Your real estate advisor acts as a buffer in negotiations with all parties and represents your interests throughout the entire transaction.

Industry expertise– Knowledge is power in today’s market and your advisor will explain processes, market conditions and key terms simply and effectively, while also translating what they mean for you.

Pricing – A real estate professional knows current property values ​​when pricing your home or helping you make an offer to purchase. Pricing is more important than ever right now. Expert advice will help you set yourself up for success.

A real estate agent is an important companion in this challenging market, but not all agents are the same. A true expert can carefully guide you through the entire real estate process, paying attention to your individual needs and advising you on the best paths to success.

If you’re looking to buy or sell a home, your top priority should be finding a knowledgeable real estate advisor – not just any agent. As Bankrate says:

“Real estate is very localized and You want someone who is very knowledgeable about the market in your specific area. You should also look for someone who has a successful track record of negotiating and closing deals, preferably for homes similar to the type you want to buy.”

What is the key to choosing the right expert?

Like every relationship, it begins with trust. You want to know that you can trust that this person will always put you and your well-being first. This means hiring a real professional. As Business Insider explains:

“As long as you have properly vetted the agents you are considering and ensured they have the necessary expertise, it is okay to go with your gut when making your final decision about which real estate agent to work with to leave. You will be working closely with this person, so it is important to choose an agent you are comfortable with.”

Bottom line

It is important to have an expert on your side who is familiar with the current dynamics of the real estate market. If you are planning to buy or sell a home this year, contact a real estate professional who will give you the best advice and guide you on your journey.