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CT Interactive has concluded a key deal with Sazka
CT Interactive has signed a key distribution deal with Sazka, a lottery leader in the Czech Republic. Through this agreement, an exclusive portion of one of the largest online gaming suppliers’ content will become available for the players of Sazka.
“We are so happy that we will collaborate with Sazka. Our main goal as a brand is to continue increasing our presence in the regulated markets around the world and to provide the best possible service to our partners”, commented Lachezar Petrov, CEO at CT Interactive.
The list of games that will become available for the players of Sazka includes thrilling games such as HOT 7's X 2, Mystic Moon, Coffee Magic, Fortune Pig, 40 Treasures and many more.
“CT Interactive is a widely recognised and respected brand in the industry due to its exciting product offering, and for us, it is a great honour to partner with them”, commented Tomas Biros, casino brand manager at Sazka. Michal Jasek, casino product manager at Sazka, added: “We can’t wait to see where this partnership goes as both our companies continue to grow”.
Sazka is part of the Allwyn Group, which also operates lotteries in Austria, Greece, Cyprus, and Italy, and will also become the operator of the UK National Lottery from 2024. At the end of last year, it also agreed to take over Camelot LS Group, which operates a lottery in the US state of Illinois. Sazka is a member of the multinational investment group KKCG, operating in 38 countries.
CT Interactive will also provide one of its Jackpots to Sazka – the Hot Luck Jackpot, which is a 3-level mystery interactive jackpot that has adjustable hit and bet limits and gives additional awards.
Milena Tsankarska, Business Development EMEA at CT Interactive, commented: “In March this year, we announced that a new portion of our content has been certified for the Czech Republic. We are so happy that the local players like our products and very soon we will surprise them with a brand-new portion of exciting games”


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The U.S. Federal Trade Commission, in addition to looking at Apple over possible antitrust concerns regarding its decision to ban cross-platform applications from the App Store, may also be investigating the company’s iAd mobile advertising platform. The Wall Street Journal reports that the regulator has contacted both wireless advertising executives and developers to gauge whether the company’s ban on transmitting certain technical iPhone data to third parties will give it an unfair advantage in serving targeted advertising.
London hotel The Berkeley has announced that it is providing guests in select suites with a personal iPad to use for the length of their stay. According to the hotel, the iPads will be pre-load with a variety of hand-picked apps for use by the guests, including a range of games, videos, and comic books for children; rates for the selected suites begin a £1,300 per night, or roughly $1,670. [via TUAW]
Citing people familiar with the matter, Bloomberg reports that the ongoing talks between the Justice Department and the Federal Trade Commission over which body should handle the inquiry into possible antitrust issues regarding Apple were spurred by a complaint from Adobe.
According to the report, Adobe claimed Apple was stifling competition by barring apps made using Flash from the App Store; neither the FTC nor the Justice Department has yet decided whether or not to open an investigation.
GroovyStand is offering a lineup of simple wooden stands for the iPad. Available in brown, natural, or black finishes, the stands are made from hard wood, finished with varnish, and can hold the iPad in either portrait or landscape orientation.

domain: news


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New Technology In Progress
Having our minds set up on delivering a full spectrum of gaming entertainment we’ve started the development of our first slot cabinet line for land-based casinos. In line with the most innovative technologies and gameplay trends, our new vertical will be officially released in 2024.
4 December 2023
Get your hands full with jewels!
Enjoy the popular classic slot spirit with a shiny, colourful new look. Amusnet’s 7&Crystals Video Slot game is finally here, bringing you an excellent gaming experience. This 3-reel, 5-fixed payline game is packed with rich symbols that will align in various rewarding combinations, unlocking exciting prizes. With beautiful graphics and captivating animations, these glistening gems […]
1 December 2023
Amusnet Shows Commitment to Responsible Business Practices, Supporting the 25th Bulgarian Business Leaders Forum Event
Amusnet took part in the official celebration of the 25th anniversary of the Bulgarian Business Leaders Forum (BBLF) as a Silver sponsor. Held at the InterContinental Sofia on November 21, 2023, the event brought together distinguished guests, including key government officials, along with representatives from business, civil society, and the diplomatic corps. The Bulgarian Business […]
30 November 2023
Amusnet Triumphs at SiGMA Europe 2023, Reinforcing Industry Leadership and Innovation
Amusnet was honored with the BEST FTN GAME 2023 award for Mr. First’s Crown, a game developed in collaboration with BetConstruct, at the prestigious SiGMA Europe Awards 2023, part of SIGMA Europe Summit 2023, further solidifying its standing as a leading force in innovative gaming experiences. The B2B award ceremony took place at the Hilton […]


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Governor leads Boeing, Monsanto, et al on trade trip to Brazil
This article first appeared in the St. Louis Beacon, April 3, 2012 - Missouri Gov. Jay Nixon and his wife will lead a delegation representing major businesses around the state – including St. Louis’ Boeing and Monsanto – for a five-day trade meeting later this month to Brazil.
The trip begins April 14. The group is slated to visit São Paulo and Brasilia. The trip comes less than a year after the governor led a trade group to China.
The expenses for Nixon and his wife will be covered by the Hawthorn Foundation, a nonprofit organization set up 30 years ago to promote economic growth in Missouri.
According to Nixon’s office, the governor “will sign an agreement with the governor of the State of São Paulo to open and expand new markets, increase Missouri exports to Brazil, and expand cultural and educational partnerships between Missouri and Brazil.”
“Numerous Missouri businesses also are expected to negotiate contracts with Brazilian customers during the exports mission,” the governor’s office said.
Last fall, the governor and a number of Missouri leaders traveled to China, resulting in multi-year trade deals totaling $4.6 billion.
Other Missouri companies to be represented on the Brazil trip include: Orscheln Products, Boehringer Ingelheim Vetmedica Inc., Solae, Missouri State University, Herzog Contracting Corp., Ungerboeck Systems International, SCD Probiotics, Infinite Energy Construction, Wilson Manufacturing, HTS Technologies, Worldwide Recycling Equipment, Diva Maker, and Sunset Transportation.
“Last year, Missouri businesses set an all-time record for selling Missouri-made and Missouri-grown goods around the world,” Nixon said in a statement. “ … During this working trip to Brazil, we will work with Missouri businesses to increase exports, open and expand Brazilian markets, and significantly expand our presence in South America.”
Missouri’s business exports for 2011 totaled more than $14.1 billion, with nearly $323 million in goods and products to Brazil, “making that nation Missouri’s 10th-largest export market,” state officials say. “ Missouri’s top exports to Brazil include chemicals, minerals and ores, transportation equipment, machinery, electrical equipment and appliances, and computer and electrical products, and agricultural products.”
Aside from Nixon and his wife, Georganne Nixon, the governmental representatives include: Jon Hagler, director of the Missouri Department of Agriculture; Jason Hall, deputy director of the Missouri Department of Economic Development; state Sen. Michael Parson, R-Bolivar and vice chairman of the Senate Agriculture Committee; and state Rep. Kevin McManus, D-Kansas City, who sits on the House panel overseeing international trade.
According to the governor’s office, the delegation’s schedule includes visits with top governmental and regional leaders in Brazil, as well as members of the Federation of Industries of Brazil and the American Chamber of Commerce in Sao Paulo. Nixon also plans to tour Iochpe-Maxion, a major Brazilian automotive supplier.


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The Communication Workers of America are launching a $500,000 national media campaign against Frontier Communications for using contractor labor rather than the company’s own employees to build its fiber optic Internet network.
Union officials announced the launch of a media campaign, which will include billboards and television advertising, at a press conference at CWA Local 1298’s Hamden headquarters on Thursday.
“They’re bringing in contractors who don’t have the skills and dedication to business that our members have,” said Dave Weidlich, President of Local 1298. “Internet service has become as important to this country as than any other public service. They try to do it on the cheap and where mistakes happen because the quality of work just isn’t as good.


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Chinese President Xi Jinping attends and addresses the 17th Group of 20 (G20) summit in Bali, Indonesia, Nov. 16, 2022. (Zabur Karuru/Media Center G20 Indonesia/Handout via Xinhua)
China will continue to work with the Group of 20 (G20) members to foster a balanced, coordinated and inclusive global digital economic paradigm that brings benefits to all and features win-win cooperation and shared prosperity, President Xi Jinping said here on Wednesday.
Xi made the remarks when attending and addressing the 17th G20 Summit in Indonesia's resort island of Bali.
During the discussion on digital transformation, Xi pointed out that the growing scale of the digital economy and the accelerating digital transformation across the globe have become important factors affecting the world economic landscape.
When hosting the G20 Hangzhou Summit in 2016, China included digital economy in the G20 agenda for the first time, and called for finding innovative ways for development and forging new growth drivers, Xi noted.
In recent years, the G20 has built more consensus and stepped up cooperation on adapting to digital transformation and building the digital economy, he said, voicing hopes that all parties will unleash the dynamism in digital cooperation and bring the benefits of digital economy to the people of all countries.
He called on countries to uphold multilateralism and strengthen international cooperation.
Countries should make concerted efforts to foster an open, inclusive, equitable, just and non-discriminatory environment for the development of digital economy, and advance international cooperation on nurturing the digital industry and promoting the digital transformation of industries, to unleash the potential of digital economy in driving global growth, the Chinese president said.
Building "a small yard with high fences" to limit or hinder cooperation in science and technology will hurt others' interests without benefiting oneself, Xi noted, adding that such practices are incompatible with the common interests of the international community.
Xi said it is important to put development first and bridge the digital divide, saying countries should jointly promote connectivity in the digital age, and take effective measures to promote digital literacy and skills for all.
It is particularly important to help developing countries and disadvantaged groups to adapt to digital transformation and strive to close the digital divide, he stressed.
China has launched the initiative of building a digital Silk Road, and has identified digital economy as a key area of cooperation under the Global Development Initiative, Xi said, noting that China looks forward to cooperating with all parties in this regard.
Xi also called for global efforts to follow an innovation-driven approach and facilitate post-pandemic recovery.
China has proposed the G20 Action Plan on Digital Innovation and Cooperation, which is aimed at promoting the innovative application of digital technology and making innovation outcomes beneficial to all and shared by all, and welcomes the participation of all parties, Xi added.
A G20 Bali Leaders' Declaration was adopted at the summit.
On Tuesday evening, Xi and his wife Peng Liyuan attended the welcoming banquet for G20 leaders hosted by Indonesian President Joko Widodo and his wife Iriana Widodo at the Garuda Wisnu Kencana Cultural Park in Bali.


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Firefox New Extension Facebook Container Keeps Your Facebook Data Isolated to the Social Network
Mozilla on Tuesday announced Facebook Container, a Firefox browser extension that is made to segregate users’ activity on Facebook using their other Web activity, restricting Facebook’s capability to track them and gather private data.
Mozilla lately has involved in a hostile technique to counter Facebook data management policies that lots of see as intrusive.
The extension may be the culmination in excess of 2 yrs of research into creating a more private browsing experience, Mozilla stated. However, the business faster its development following the Cambridge Analytica data scandal been revealed.
“We lately produced the Facebook Container because of what we should saw like a growing need and user interest in tools to assist users control their online data,” stated Shaun Griffiths, product lead, at Firefox.
“We would have liked to assist our users better safeguard their browsing activity,”
Facebook Container will shield Facebook users’ non-Facebook activity from data tracking, thus which makes it tougher for Facebook to transmit targeted ads and messages according to members’ off-site Web activity, Mozilla stated.
However, the Firefox extension wouldn’t affect the kind of data access and analytics activities connected using the Cambridge Analytica debate, the business stated.
How Facebook Container Works
The Firefox browser extension functions by isolating anyone’s identity inside a separate container, Mozilla described.
Mozilla doesn’t collect data from customers using the Facebook Container — it just tracks how frequently the extension is installed and removed.
Installing of the extension leads to elimination of anyone’s Facebook cookies and logout from Facebook. Next time the consumer opens Facebook, it’ll load inside a blue-colored tab in which the user can navigate the website as always. When the user clicks a non-Facebook link, that website will open outdoors the container.
Hitting Facebook share buttons may cause browser tabs to load inside the container. In individuals cases Facebook can get information on the websites whose content users shared.
Mozilla cautioned the extension prevents users from logging into other accounts using their Facebook credentials, Mozilla cautioned.
Also embedded Facebook comments or likes won’t work outdoors the Facebook container tab, to make certain Facebook can’t use that information to trace users’ off-site habits.
The Facebook Container add-on is among several steps Mozilla has had to distance itself from Facebook following a disclosures that Cambridge Analytica acquired use of 50 million users’ data without permission throughout the 2016 presidential campaign. A week ago Mozilla stopped advertising on Facebook.
“Mozilla’s new browser extension for Facebook provides an intriguing solution for any apparently insoluble problem,’
Facebook’s central business design depends on the selling of user data to advertisers along with other your customers,
The Mozilla browser extension is similar to 1 of Mozilla’s original features in Firefox, King remembered. The browser overlooked support for Active X, that was we’ve got the technology Microsoft accustomed to support early pop-up ads. Which include, together with Mozilla’s quick performance and personalization, brought to Firefox just as one early favorite among browser users.
Vivaldi, a comparatively recent entry within the browser scene, a week ago launched a brand new version together with DuckDuckGo, which makes it the default internet search engine privately home windows mode.
Vivaldi’s approach is a lot not the same as Mozilla’s, however the objectives offer a similar experience,
“It’s important and significant that browser information mill coming forward within their unique methods to provide privacy, and furthermore educate users concerning the threats of privacy erosion through data tracking and collection,”
The Mozilla extension has some useful elements which will make it simpler for users to prevent some Facebook tracking, based on the Electronic Frontier Foundation, which a week ago advised users to disable all platform apps by altering their privacy settings.
However, the Facebook Container’s effectiveness is restricted, spokesperson Karen Gullo told LinuxInsider. It does not replace dedicated tracking blockers, what are primary protection against marketers’ tracking and targeting efforts.


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Business owners, both small & large, are the backbone of this country’s economy and can often times be a driving force behind job creation and innovation. On Tuesday, February 21 Mastercard Center for Inclusive Growth officially agreed to partner with The Russell Innovation Center for Entrepreneurs (RICE), to empower Black and brown businesses.
Mark Jackson, VP at the Mastercard Center for Inclusive Growth, enthusiastically took to the RICE stage during their information session to welcome new stakeholders. The revolutionary partnership will consist of a $950,000 investment over a three-year period and will go towards supporting the the center’s initiatives.
“Mastercard has had a long history of financial inclusion, and we hold that near and dear, as we build a financially inclusive and sustainable digital economy,”said Jackson. “We want to be digitally enabled, so that we can continue to support the financial needs of these small businesses, and individuals. The Black community is so under-represented that the sustainability of those businesses is not as viable as other businesses. In building generational wealth, small business leads to that.”
The RICE center is an entrepreneur and innovation generator that serves the Atlanta metro area. With this new partnership, Mastercard will help Atlanta small businesses and their owners expand their reach, gain access to new technologies, and increase operational efficiency.
Burunda Prince, COO of RICE, spoke to this exciting new partnership. “I am elated. This is one more resource for our Black entrepreneurs that we didn’t have before,” Prince said. “It means not only access to financial money that our stakeholders can get, but it also means access to the resources that Mastercard can offer.”
Overall, this new partnership between Mastercard Center for Inclusive Growth small business owners marks an exciting development in the world of small business finance.
“What Mastercard is doing is bringing our assets to the table, be it products, services, partnerships, so that we can complement what our banking partners are doing,” continued Jackson.
With the new financing options, discounts, and data insights, small businesses will be able to invest in their operations and take advantage of emerging opportunities, like Mastercard Center for Inclusive Growth and RICE are providing. With the level of investment, small business owners can confidently take their businesses to the next level.


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The NSO’s latest provisional estimates of India’s GDP growth for Q4 and full-year 2021-22 are largely devoid of negative surprises. The topline numbers, which peg India’s real GDP growth at 8.7 per cent and nominal growth at 19.5 per cent for FY22 are unerringly close to the NSO’s second advance estimates in end-February. A positive takeaway is that all three economic engines — private consumption which grew by 7.9 per cent year-on-year, government consumption expenditure (up by 2.6 per cent) and capital investments which grew by 15.8 per cent — now seem to be firing and have managed to exceed their pre-pandemic levels of activity. Real GDP growth of 4.1 per cent for Q4 FY22 has managed to beat the expectations of most private forecasters at 3.7-3.8 per cent.
But a deeper dive into quarterly trends does reveal some pain points. After rebounding on the back of a low base, mining and manufacturing seem to be steadily losing momentum, growth rates dwindling from 8.8 per cent and 0.2 per cent in Q3 to 6.7 per cent and a negative 0.2 per cent respectively in Q4. Weak demand due to Omicron and global supply chain disruptions due to the Ukraine war appear to have contributed to this slowdown. While the Covid dent to demand is waning fast, sectors such as automobiles and consumer goods may continue to grapple with supply-chain issues for which there are no quick fixes. Two, the expected pickup in high-contact services such as trade, transport and communications didn’t materialise in Q4, with their growth rate at 5.3 per cent compared with 6.1 per cent in Q3. Despite high hopes for a housing revival, both construction and real estate have shown slower sequential growth too. One hopes that these sectors have gained traction from April onwards, with the economy fully unlocked. Three, though agricultural growth has accelerated to 4.1 per cent in Q4 (2.6 per cent in Q3), the possibility of a truant monsoon threatens a continuation of this green patch. Overall, it appears as if yet again it is up to government expenditure both on the revenue and capital fronts, to keep the economic engine revving until private demand and investments return in full force.
Fresh challenges loom over India’s economic prospects for FY23, in the form of a global slowdown (even if not recession), elevated food and crude oil prices which are worsening the trade deficit and mounting pressure on the Reserve Bank of India to front-end its rate hikes to rein in inflation and ward off a run on the rupee. But there are offsetting factors. For one, with the Centre announcing tariff cuts and subsidy hikes to soften the bite of inflation on the common man and India well-placed on the food front, it may face a lower inflation risk than other economies. Two, India’s high nominal GDP growth for the first time in many years is supportive of healthy incomes and tax buoyancy, which can help the government deliver on its capex plans. Hopefully, these factors will help India ward off the stagflation risks that are threatening the developed world.
Published on May 31, 2022


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Home' The Channel Magazine : October 2011 Contents National Newsagent October 2011
to the well-heeled residents for some
years. One newsagent commented that his
customers would pay more to receive flat
wrap but Fairfax appears adamant in its
Len Jordan, Director of Circulation Network
Development at Fairfax Media, said the
flatwrap trial in Sydney’s lower north shore,
like most trials, has simply come to an end.
“ We are sure that flatwrap holds place in
the future delivery needs of consumers,
however rolling product on-line or with an
aligned production process would be more
ideal than the process used during the
trial. As mentioned by Greg Hywood at the
ANF Conference, Fairfax will be updating
the market on late this year or early next
year, on the newspaper distribution review,”
EMG has moved to better
reward newsagents by limiting
on-sale periods, offering
high commissions and extra
resources to sell EMG titles.
EMG will “reverse the
commission” on the re-launch
of Truckin Life in October and
November and newsagents
will receive 75% and the
Circulation Director, Keith Whittington
said that in developing these new initiatives
they have considered the challenges
facing newsagents, acknowledging that
newsagents’ concerns include cash flow,
oversupply, increasing costs (including rent)
and too many titles. EMG’s concerns include
reduced display space for titles, premature
returns, reducing numbers of agents
stocking our titles and declining sales.
ReVised Vana teaM
The VANA Board has approved a
restructure of the VANA team which
involves not employing a new CEO (following
the retirement of Peter Cowley) but re-
distributing roles and responsibilities within
the current team.
Sel Ozyurek will have day-to-day
management of the VANA office and
is Operations Manager (formally
Members Service Manager,
will be the prime contact for
members, publishers and
Wayne Elliott is
responsible for finance and IT
management and Marta Villani
is Assistant Finance Officer
VANA Chairman, Gerard
Munday said, “ The VANA Board is focused
on making sure members are getting the
support and value from their membership
and therefore this decision to invest in our
current team is seen as pivotal in delivering
One of the first innovations of the new
team was the creation of the ‘Love your
Newsagent’ campaign which has proved to
be a great success.
The VANA team will be working an a
second campaign to be held in 2012, which
will possibly lead the way for other states to
tLc KicKs off RewaRds
TLC Rewards officially launched in
August with an extensive marketing
The Queensland campaign featured
two full page Sunday Mail TV Guide
advertisements on consecutive weeks.
WA agents benefited from a radio
campaign on 6PR. TLC also sponsored 6PR’s
“caller of the day” segment for two weeks,
giving away 10 x $100 vouchers
TLC also ran an Ink Sale through the
stores featuring an in-store catalogue
promoting the TLC Rewards program.
TLC’s Mike Kentros said they had over
17,000 members after week two of the launch.
atM with MoVie ticKet
Having an ATM in a newsagency is simple: an ATM
means more cash, more customers and more sales.
But did you know that your ATM can be a multi-media
promotional tool that you can use to drive foot traffic into
ANF’s preferred ATM supplier, Customers ATM, will
work with you to do this at no extra charge. You can use
your ATM to run your own advertising or you can take
part in Customers ATM’s large-scale promotions.
Most recently, Customers ATM has been running
Movie Mania across more than 1600 of its ATMs
nationwide, including many ANF member sites. This
exciting promotion provides Movie Mania vouchers to
everyone who uses a participating ATM, as long as they
request a receipt.
The voucher is printed at the top of the ATM receipt
on the front. Then your customers simply go to the Movie
Mania website to find out what they’ve won and the prize
is either emailed or posted to them straight away.
Prizes include flat screen TVs, a year’s worth of movie
tickets, double Gold Class passes, double movie passes,
single movie tickets and buy-one-get-one-free movie
Customers ATM Marketing Manager Rohan Martin
said the company’s promotions were aimed at building
customer loyalty and driving repeat ATM usage.
Customers ATM operates the firstpoint network.
Contact: 1300 305 600
Links Archive September 2011 November-December 2011 Navigation Previous Page Next Page


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New Lead-Generation Tactics Harnesses Multiple Channels Lead gen isn't just about message volume, it's about reaching the right audience at the right time.
Opinions expressed by Entrepreneur contributors are their own.
An interesting thing is happening with what used to be distinct categories of businesses: Retailers who sell in multiple channels, direct-response devotees and companies interested in brand-building are all turning to similar marketing tactics.
At one time, multichannel retailers sold mostly in stores and through catalogs and call centers. These days, with catalogs under siege from mailing costs and eco-conscious shoppers, those same sellers want to learn about e-commerce and selling via mobile.
Direct-response marketing and branding have seen an even more notable blurring of once-clear distinctions. Direct marketing has always stressed hard-edged metrics: How much did it cost to acquire this consumer, from lead through final sales conversion, and what return did that yield on our investment? By contrast, brand promotions dealt in softer metrics such as awareness, lift and the cost of putting a message in front of thousands or millions of prospective consumers--with a rather unfocused expectation that some of those would eventually become customers.


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Rivian, an electric vehicle startup financed by Amazon, will open a second facility in Georgia to produce up to 400,000 vehicles per year.
After months of speculation about where it will try to expand its manufacturing base, the firm made the announcement on Thursday alongside state representatives.
The company plans to begin building on the $5 billion factory in the summer of 2022, with plans to begin vehicle production in 2024.
Rivian is already producing its first electric pickup trucks in Normal, Illinois, at a former Mitsubishi plant. The business also announced on Thursday that the first two SUVs had been delivered.
It’s also committed to building 100,000 specialized delivery vans for Amazon, so it’s been looking for a location where it can build a factory from the ground up.
Rivian was in talks with Forth Worth, Texas to develop the new factory there as late as August, and was exploring “multiple locations.” The new factory in Georgia, which will employ 7,500 people, will be erected roughly an hour east of Atlanta.
Rivian also aims to construct a “co-located” battery cell manufacturing facility in the vicinity. The amount of state and municipal incentives Rivian will receive isn’t immediately clear, but the Atlanta Journal-Constitution, which broke the news of the manufacturing announcement last week, believes it will be “staggering.”
Rivian, which was founded in 2009, has progressed slowly. It wasn’t revealed until 2018, just before the LA Auto Show, when it launched the R1T pickup truck and R1S SUV. But it’s skyrocketed since then.
It has hired hundreds of people, raised billions of dollars in capital from Amazon, Ford, T. Rowe Price, and other investors, and just went public in one of the largest initial public offerings in US history.
Construction starts in 2022, with the first vehicles leaving the plant in 2024
The startup’s ambitious goals will come at a high cost, as it has stated that it expects to spend $8 billion by the end of 2023. Rivian announced on Thursday that it lost $1.23 billion in the third quarter of 2021 alone, but it is finally turning a profit after delivering the first 11 R1T pickup trucks, which sold for $1 million.
The company claims that it has constructed 652 R1 vehicles and delivered 386, including the first two R1S SUVs, but that it would fall “a few hundred vehicles short” of its 1,200-unit production target in 2021.
Rivian had $5.2 billion in cash at the end of the quarter, but the company claims that the proceeds of its IPO and other recent investment rounds had already lifted that total to $19.9 billion.
Rivian has received about 55,000 preorders for the R1T and R1S combined, and has stated that production of all of those cars, as well as the Amazon delivery vans, will take two years. (The company reported in a regulatory filing on Thursday that the number of preorders had increased to 71,000.)
However, the company is developing new models and intends to offer non-delivery vehicles to other commercial customers, necessitating additional capacity. The Illinois plant can presently only produce 150,000 automobiles per year, but Rivian estimates that number can be increased to 200,000 by 2023.


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tv Bloomberg Technology Bloomberg July 23, 2021 5:00pm-6:00pm EDT
francisco and this is lumbar technology intel ceo says the chip shortage will wind her for a couple of years but we are in for a decade of growth. i will ask hana how he is winning business back from amazon and alphabet. twitter shares rally on the best revenue growth in years. jack dorsey says bitcoin will be a big part of twitter's future. i asked twitter cfo on how he sees crypto being integrated into the platform. primus or spain taps into the energy of the u.s. tech ecosystem and bring some of it back home. the prime minister's out of a meeting with tim cook. we will see what was on the agenda. all of that in a moment. but us get a look at the market s. what an end to the week.
what are you watching? reporter: we started the week with all those variant concerns. not really evolving at the end of the week. a similar story. we start the day with a lot of rot market gains but evolving into a tech outperformance kind of day. s&p 500 down 1%. stocks drifting higher. a lot of that was responsible. tech was responsible for the nasdaq being up. what didn't do so well are those chinese adrs. chinese tech having their worst day since 2008. a plunge of 9% in one session. you see a little bit of money heading into treasuries. we can see money heading into semiconductors as well. you are starting to see that global chip shortage also those stocks a little bit of lost momentum here. they're still up quite a bit. the question is, can they continue to go higher,
especially into next week? that is when we expect that tech outperformance. there is one chipmaker stock in particular. we covered earnings last night. their data center was really lagging. it was weighing on concerns for a lot of investors. shares down 4% on a three day basis. as quite the plunge. a lot of investors are expecting that outperformance to continue into next week. maybe, just maybe, they can redeem themselves. emily: we will keep our eye on that. as she mentioned, investors still cautious on intel after the forecast fell short on expectations. earlier, my colleague and i spoke about his outlook, the chip shortage and winning is this back amongst stiffer competition. >> we had great performance in that area. well above the analyst
expectation. we see growth in that area so cyclically, we have gone to the cloud build of inventory and that has been consumed. we are seeing the cloud guys rebuilding demand. we see that continuing into the second half. we're are seeing the adjacencies. areas like 5g being very strong areas for us. collectively, we are seeing that momentum starting to rebuild. our product line is getting stronger. we talk about our next generation. it is ramping up very well. it is a highly competitive part. the competitiveness of the parts is getting better. the momentum is getting better. our execution for the long-term is getting better. we are feeling more optimistic than those reports might indicate. q2 was a great indicator of that and our god for the rest of the year.
emily: i know your relationships are key and you work hard on building those. how are they responding to you? >> we really want intel to be back but can be rebuilt that confidence? it is building. they are seeing that shift in our focused -- focus. we are on site working with their teams. improvements on the roadmap. overall, we are optimistic in that regard. like for our foundry service, we announce that we have one of our major customers as one of the big cloud guys. we will talk more about that next week. i am seeing very positive movement in that area of our business. given my relationship with those individuals many decades long at
this point. we can build on that long-term relationship. the renewal of our execution and a shared view of what we can do in the future. emily: how much will it cost to get intel back to that leadership position that you are optimistic about? there these companies building stronger chips and your margins are lower than what they were. how do we get back to that 60% that a lot of investors are used to? >> they are lower in the second half of the year. we are bring on new factories that are yet to be depreciated. that is a normal cycle in the business as we bring on the cost at scale. it is very typical and they built up in the longer term. overall, we feel comfortable with the margin profile for the
business to return to levels that the industry might expect. this is normal cycles. i would say that we are investing for long-term leadership and we are not apologetic about that. we are committed to being a growth company that leading in technology. emily: i wonder how much that is adding to your optimism about the foundry business. and taking on t smc? >> it certainly is a factor. give me one more way there is this clear search for supply in the industry it is a bit of a tailwind. there are very few companies that can do reading edge technology. they are looking at us quite aggressively that way. this rapid buildup of new capacity takes time. building a new fab from scratch
is a 3-4 year exercise to have it built. all of that view of a cycle of significant demand, and as i've said, we are in for a decade of good semiconductor characteristics. every aspect of human existence is going digital paired everything digital need semiconductors. when you look underneath that, this will be a good cycle for semiconductors. we now have over 100 customer engagements that are active today. we are seeing a lot of interest in our capabilities because it is leading edge capabilities. it is unquestioned leadership and un-packaging technologies. the richest ip libraries in the history. a strong top-down commitment from my leadership team and i. we will get more updates on this on monday. i look forward to chatting with you after our updates on monday. emily: they're all different
kinds of chips. which chips come back sooner and what kinds will take the longest to come out of this shortage? >> the ones that are most challenging are those older nodes as they would you describe. the problem there is that demand goes up but we are not building those factories anymore. these might be 10-20 sometimes even 30-year-old technology. they run long and efficiently but to capitalize anyone for a 20-year-old technology doesn't make a lot of business sense. sometimes, the equipment vendors don't bow that equipment anymore. the most acute shortages have been on those older nodes. now you're left with the dilemma, do i keep building capacity for older nodes or do i move those designs forward to more modern notes? clearly, the economics of tilting trailing edge capacity versus moving the designs forward. if we look inside the ships act as well -- one example, there is
specific funding to modernize design as well as building very old and essentially, unfeasible he financially returns on older capacity. that has been the issue. we see shortages across all of the types but that has been the biggest problem is these older nodes. emily: you're speaking to this idea that the pc market will continue to grow in the next year. one of other folks say this is unsustainable. we have seen in the debacle not keep up. what are they not seeing that you are? >> first would be that we are just seeing this view that the pc penetration as we call it is continuing as we go into the future. almost every workplace, as there saying come back to work, it will be hybrid work. this idea that if i need multiple pcs at home and kids
are doing more education and online activities, more help from home, will cpc penetration to continue to be strong even as we move through the covid issues. we see a powerful refresh cycle coming up. we have aging pcs, the move to laptops, new windows 11 from microsoft always ushers in an upgrade cycle. with windows 11, there are new security capabilities that need new hardware. this will always be good for pc cycles. we also see the market brought in. as a go to second and third tier markets where the pc right only be one or two per hundred kids in these markets, we are seeing those growth rates continue. as the gdp's of the world start to recover and growth is occurring there. those three factors are what leads us to depths of belief or
validated us with our channel partners, all of our oem partners that not only is the pc market over one million units a day, that will increase in 22 and beyond. we are getting more and more consensus for that even though there are naysayers in the marketplace. we think intel got this one right. we are building the capacity and the supply chains to satisfy that. emily: that was the intel ceo. don't forget, it is a who's who list of companies reporting. we will kick it off with tesla monday, apple, alphabet, on tuesday. paypal and facebook on wednesday. we wrapped the week up with amazon on thursday. next, we will stay with this week's earnings and snap the nagging back. reporting a strong quarter in digital e-commerce. can it sustain the gains? let us not forget what happened
earlier this week with jeff bezos and three others landed safely after blue origin's first flight to space with passengers on board. i will never forget it. bloomberg brings you a special program called space race that looks into the future of the space industry, gluing tourism. that is 7:00 p.m. wall street time, 4:00 p.m. on the west coast. this is bloomberg. ♪
for more, this took the market by surprise. what was so positive here about snaps results? >> so far, what we have seen, all these companies, snap, twitter, they had the engagement but lacked monetization. what this proved was the pandemic accelerate the trends, e-commerce, online gaming, and all these companies need consumers so they are coming to these platforms to basically find those new customers. that is what is driving the ad pricing we saw for both snap and twitter. we think really, this is a multi-quarter trend in terms of at inventory being more valuable to advertisers. anybody in the e-commerce around, if they have to find customers, it will advertise on these platforms. that is what we are seeing with snap, twitter.
you will see it and was -- and facebook as well next week. emily: snap is reaching eight younger audience that even other platforms like twitter cannot reach. can they keep it up? how much can this audience growth? >> our view is that they have hit user growth when it comes to the daily active user growth which is a key metric. in their case, their daily active users is close to 90 million in north america. twitter is around 37 million, just to show the gap. as long as they can keep the engagement high is the hard thing. your catering to 15-25-year-olds, loyalty is low. we saw that with tiktok coming onto the scene. they gained users quickly. if snap can keep the engagement, advertisers will continue to spend money, marketing dollars on their platform.
their lead in augmented reality. that is a big source of differentiation when it comes to what snap is doing and the relevance and e-commerce. that could be a driver of spending on their platform. emily: if that is the case, what do you think defines the next year snap? post-pandemic, we hope, out of lockdown, lots of other things, competing for young people's attention? >> they are pushing into e-commerce. i think you will see a lot more transaction. advertising will do well but snap will become a source of commerce and that will be a think with the chinese companies, social media and e-commerce have converged. that is what we will see going forward. emily: all right, we appreciate your insights. thank you. coming up, what is old is new,
at least in fashion. how gen z is vitalizing to secondhand shopping market and why they are betting big on the younger generation to do it. our discussion with the ceo is next. the prime minister of spain is in town. he will join me here at fresh out of meeting with tech ceos, including tim cook. pedro sanchez, right here later this hour. this is bloomberg. ♪
he told employees in an email they are committed to ensuring the work waste is inclusive, free of bias and unfair treatment. we will keep following that one. . the future of fashion looks like used clouds. we have gen z and the pandemic to think about -- think about that. 30 million customers have bought secondhand clothes for the first time point last year. it is expected to double in the next five years. the trend is a good one for our wallets and the planet. let's bring in thread up ceo and cofounder. great to have you with us. talk about the boom in secondhand clothing. what is driving this? what are you seeing? >> there is a generational shift happening among young people. whether it is vacation they're taking, cars their driving,
consumer preferences are changing. they're moving into secondhand. it provides great value. it allows folks to find unique items and it is really fun. i think that is driving this momentum and that was true during the pandemic. emily: you just released a resell report and you say this will continue post-pandemic. how confident are you in that and what will drive that trend? is it gen z alone? >> what is really driving the trend is how many new suppliers. how many sellers are coming into the market. we look at the number of people who say i am interested in getting rid of things i'd know -- no longer where. that number is massive. what -- wear. on the buy side, when you have great supply, great brands, at great prices, you can attract
buyers. we think demand will follow. high-quality supply. that is where thread up differentiates itself on making it easier for consumers to give up that supply and think that's why we see a lot of confidence in the market. emily: i sold on thread up, i've seen things on thread up, it feels good when you know it is going to someone who will enjoy it and when you know you're getting something special that somebody else loved, essentially. you think secondhand sales will beat fast fashion in sales? it is taking sustainability in a different direction. it is worse for the environment. >> it is something i'm concerned personally about. as a company and for our kids and the planet. we take a closer look at fast fashion and the implications it has. across the globe, frankly. i like to believe that it brands and retailers can produce clothing at higher wally and we can build a great resale market
for them, ultimately, that is a brighter future for clothing supply chains. it is a better future for customers. i am bullish on this evolution of consumer behavior and i think retailers and brands will follow where the consumer is going. that gives up a lot of confidence that fast fashion, reset will be faster than fast fashion over time. emily: what do brands and retailers have to do to develop a strategy for resale? to they have to think at the very beginning of design and production that, ideally, this will be passed down? >> what is interesting is that that is already happening. all of the world, they are thinking of their supply chains not in the linear way where things get produced and they get sold and worn, and put into a landfill. i think most brands are thinking about the loop and where we want
to help them is let us be a part of your secular strategy. i think most important thing is that is change in the last two years. the conversation for the brands and retailers is that we have to think about the loop. we had think about being more secular. i think that is coming. you're right, it will touch every part of the supply chain and it will be a big transformation. i think it is the only path forward for fashion to become more sustainable. emily: something we will continue to follow. thank you so much for joining us. coming up, the return of the advertisers. twitter reports better-than-expected ad revenue as the world and businesses start to open back up. i will sit down with the twitter cfo up next. this is bloomberg. ♪
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♪ emily: welcome back to "bloomberg technology." let's get a look at how markets rounded up the week. >> we have been talking about how big tech has been outperforming. it lets look at social media stocks. this is the social media index that takes into account social media not just here in the u.s. but around the world. since the advertising glut last year, we are seeing that
anticipation that advertising will come back. then, losing momentum earlier this year and trading sideways. given that, it is noticeable when the likes of snapchat have these blowout earnings. you start to see that there is going to be a clear differentiation. one month, shares were dropping. then, today massive surge. 18% gains in those shares. it's important to keep in mind that this brought about what a lot of analysts say this company is the top for digital advertising. some of that fell into twitter as well. this is a five day chart. a little bit of anticipation baked into the stock as we went into the earnings this week. today surging, making an 8% gain on the week for twitter.
emily: thank you so much for that update. twitter shares ending the day up after reporting the strongest revenue growth in years. i began by asking their ceo ned segal how well twitter is holding onto users. ned: we had a strong quarter. we grew our audience 11% year-over-year. we added 20 million people to twitter. we have noticed that the people who came to twitter around the time --
that means decentralizing our workforce. we want people to work where their most productive. we want people to be able to tip across borders. we want them to pay twitter and pay creators for the premium features that we will offer. as we learn more and about these, we will learn more about how value is exchanged as a
learning opportunity. emily: this new scription service, it is early days. do you see this being a small complement to all the revenue you are already bringing in, or will this be a big revenue driver? ned: over time, we want subscriptions to be a big part of our company. advertising is firing on all cylinders. we had a great quarter across geographies, across verticals. ford when they launched their electric version of the f-150, they had over one billion impressions. the streamers grew their spend on twitter 40% talking about their shows and service. when you take that advertising business and combined it with the subscription opportunity.
allowed to raise capital or go public and those that have already listed may no longer be able to invest in or education firms. an ipo is india's biggest since march 2020. it is the first of a generation to tap the country's capital markets and has generated a frenzy among the local investment community. gm is recalling chevy volt vehicles for the second time in less than a year. after two vehicles that were repaired in a previous recall caught fire. the recall affects 69,000 cars that have batteries made by a south korean company. coming up next, my interview with the prime minister of spain. we will talk about his efforts to attract startups in tech to
emily: the spanish prime minister is here in silicon valley to transform his country into a violent -- vibrant tech ecosystem. he just wrapped up a meeting with the ceos of intel, qualcomm, linked in, and he sat down with tim cook one-on-one apple headquarters. he is joining us now from palo alto. i have to ask about your meeting with tim cook.
what did you discuss? tell us about the specific initiatives on the agenda. >> i think that it is important nowadays have these direct conversations between the public administration and the private sector. so far, what i think the companies appreciate from the spanish government is that we have a vision we have to attain and we want to get them involved in the long-term transformation and modernization of my country. emily: your meeting with folks from apple, qualcomm, paypal, zoom, intel. what did you learn from them that you want to take back to spain? what did they want to learn from you? >> they appreciate these direct conversations between the public and private sector. it is crucial to have a
partnership in order to face these huge challenges in society. secondly, i also explained in the aftermath of the pandemic, we are about to begin this huge modernization of the spanish economy and we are looking forward to have the u.s. investors and companies to join us. i explained the eu funds that we are going to receive in spain. $162 million. 42% will be devoted to the ecological transition. secondly, about 20% of the funds will be devoted to -- there is a connection between green and digital and a lot of opportunities for the u.s. companies in spain in the future. emily: when you think of a
company like apple, did tim cook indicate wanting to expand into spain? >> regarding the 28% of the funds that will be devoted to digitalization, we are going to expand a lot of investment on artificial intelligence. apple is very engaged on artificial intelligence in my country. we are eager to have -- to convert spain into digital hub and apple tv is welcome to join us in this initiative. in the end, our aim is for spain to become leaders in cybersecurity, artificial intelligence, and quantum
computing and of course all related to new technologies. we are also just forming our educational system. we are transforming our vocational training system in order to closely match the needs of talents that these companies have and the qualifications that we can provide from my country to these i.t. companies. i think that the conversations were very positive and we are looking forward to having them on board in this huge transformation we are facing in spain. emily: meantime, two of spain's most exciting startups recently decided to list publicly elsewhere. one in amsterdam, another in new york. how do you make sure that spain has the right infrastructure so
these companies can go public at home? >> spain is leading the cyber network. we want to lead the i.t. network in spain and europe. we need to create that talent in spain, which is why it's so important that all the revolution of our educational system and vocational training. what we witnessed this year is the massive investment on startup. 2.1 billion euros during this year for startups. that is why we considered and we presented a new law on startup that would reduce dramatically the taxation also yurok receipt. we created a specific base for
digital nomads. we are also resolving the insolvency law to create a second chance for entrepreneurs. in the end, what we're trying to do is create an ecosystem which will allow the startups to grow in my country. last monday, we created for the first time in europe a fund in order to allow startups to scale up in the short-term. it will be 4 billion euros. 2 billion coming from the public sector and 4 billion coming from the private sector. we have many opportunities for foreign investors and this is one of our major goals. emily: volkswagen recently
unveiled plans to make batteries in spain. are you talking to any other companies about this? did election vehicles come up in your conversation with tim cook? >> absolutely. one of the main assets that the spanish plan has is that our policies -- that is why i mentioned the interconnection between the digital and green. that is why in our climate goal, we are so committed and milestones are so demanding. we're expecting by the year 2030 to have 74% of our electricity consumption coming from renewable sources. that is why also we are going to devote at least 2 billion euros on green energy.
for example, green hydrogen. of course we are going to devote a lot of resources on digitalization but also there is a huge opportunity for digital companies to join us on climate and these green investments that we are now developing in spain. emily: speaking of energy, a lot of our viewers are very focused on ifn's purchase of a 23% stake in natter g energy. one of your big utilities. i am curious what your feelings are about that? are you concerned about foreign investors having a significant stake in a strategic company? can you give us an indication of how you are leaning on this and when we can get an expected decision? >> i am here and palo alto in the u.s. precisely trying to attract foreign investors to spain.
we are an open country. spain is the second economy in the eu in terms of openness to foreign investors. this is a clear commitment from my side. the other thing is that we have to study the dossier. it is important to guarantee that spain is an open economy and we are welcoming of four and investors. -- foreign investors. emily: while you are visiting, the pandemic is still raging. there are concerns about the delta variant. you are putting new restrictions in place. i wonder are you concerned that a resurgence of covid is going to hinder your efforts to reopen the economy? to revitalize the tech economy given that things don't seem to be getting better in many parts the world.
>> what happens in spain is very important, very positive which is that we don't sign any kind of rejection from our population regarding vaccine. this week, we will reach 52% of the total population that is fully vaccinated. we expect before the end of the summer to have 70% of our population fully vaccinated. we are now starting to vaccinate the youth because we focused in the beginning of the vaccination campaign on the people older and most vulnerable to covid. we are a new phase in our fight against covid and thanks to vaccines and the vaccination campaign and thanks mainly to
our population, we are speeding up day by day our vaccination campaign. we are very positive and very optimistic about the situation that we will face regarding covid in september. one thing that i am really proud of in spain is during this last academic year, we kept open 99.5% of our classrooms. this was something incredible because compared to other countries, unfortunately they had to close schools but we kept our schools open by 99.5% during the last academic year. i am so proud of it. emily: as a mother of four, that is interesting to hear. i appreciate your vaccination
rates. that is impressive. you mentioned that apple is investing in artificial intelligence in the country. i am curious if you can share any more information about apple strategy in spain. they have huge presence across europe. what more should we expect to see from apple in your country? >> we expect to have an increase investment of apple and spain in the coming years. first of all artificial intelligence. we are converting spain and apple tv will be in spain.
the insights and the feelings that i got is that they count on spain, they see that spain is a safe country with a good quality of life and affordable and competitive -- and prices. we have a good opportunity for both for the spanish government for my country and with these foreign investors and companies. and also my country is committed with gender equality, diversity, and we are focused regarding this new education system with stem for girls and women. we are an open country and we are looking forward to having these synergies with the u.s. investors and companies. emily: wonderful to hear where your priorities are. welcome to silicon valley.
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david: strong earnings. we continue on our upward path. this is "wall street week." this week, the future of cryptocurrency. >> i don't know if it's like a form of modern art that in the year 2100, you will go to a star trek convention and by assigned -- signed d more poster. -- leonard nimoy poster. david: the story of netflix and why it's different from so ma


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Once again, the Pikesville Farmers’ Market is in full bloom.
The market, held every Tuesday from 2-6 p.m. in the parking lot of Pomona Square shopping center at 1700 Reisterstown Road, offers a variety of area fresh produce, food, bakery, plants, clothing, boutique, jewelry and other types of vendors — 25 in all.
Started in early May, the market will be held until Oct. 31. It is a project of the Pikesville Chamber of Commerce, and Jmore is among the sponsors of the market. For information, call 410-484-2337 or visit pikesvillechamber.org/pages/FarmersMarket.
Photos by Harry Bosk
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Tesla is preparing to invest further 1 billion dollars for its new factory in Austin, Texas. The construction operations of the new US plant of the Palo Alto brand should be completed by the end of the year: in particular, the construction of the assembly, painting, casting, molding and bodywork structures will be completed by that date. Altogether, these five divisions of Tesla’s new Texas factory will cover about 400 square meters, and will be worth $ 1.06 billion.
Issuing the documents with these figures was the Texas Department of Licensing and Regulation, which regulates and licenses a wide range of businesses, facilities and equipment. Tesla’s new Austin factory is expected to host the production of the new Model Y electric SUV, initially to a limited extent and starting next year in large volumes. According to reports from Reuters, the company led by Elon Musk will receive about 65 million dollars in local tax breaks for the construction of the factory: overall, they will be created 10,000 jobs, most of them low-skilled. We remind you that Tesla will move its headquarters, currently in California, to Austin. Meanwhile, Elon Musk continues to battle to appear in the eyes of the Biden administration, which continues to ignore Tesla when it comes to electric cars and the future of the United States: “Let’s see if I can get him to say the name Tesla”, wrote Musk on Twitter.
#Tesla #billion #factory #Texas #FormulaPassionit


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AAPEX 2019 is inviting pre-registered buyers to vote electronically for their favorite products in the New Product Showcase starting Monday, Oct. 21. Voting will end Monday, Oct. 28, and entries with the largest number of votes in each of nine categories will be awarded the Best New Product. AAPEX represents the more than $1 trillion global automotive aftermarket industry and will be held Tuesday, Nov. 5 through Thursday, Nov. 7, at the Sands Expo in Las Vegas.
The New Product Showcase is the launchpad for innovative products making their debut at AAPEX. Pre-registered buyers will receive a link to entries displayed in the following categories: Accessories & General Merchandise; Appearance Chemicals & Car Care; Automotive Lighting; Business Tools & Services; Chemicals, Lubricants & Filters; Hard Parts; Safety; Technology; and Tool & Equipment.
The winning entries will be announced during an awards presentation at 10:30 a.m., Nov. 5, at the Sands Expo, Level 2, Let’s Tech Stage.
All entries will be on display in the New Product Showcase located in The Venetian Hallway, Level 2. Entries will be featured on the AAPEX website and on the AAPEX Mobile App, as well as in an exclusive product listing in the AAPEX Product Plus magazine.


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The story of the Philly-native Lyn Stein, 71, is another example that U.S. healthcare system is far from perfection. The elderly lady has to take medical preparations for her fibromyalgia treatment on a regular basis and recently one of the life-supporting medications, Strattera, included into her insurance plan was taken out. The old woman had to experience the tough choice – whether to find $650 to cover a 3-month supply of this pill at home pharmacies (under Medicare) or look for cheaper generics overseas. After a few tries Lyn decided to order Strattera that was not covered by any U.S. insurance plan from Canadian pharmacies. Also she has found a doctor-assigned generic that costs only $99 for 3-month of regular use.
High-income countries like Canada, the United States, Australia and the United Kingdom are known for the notoriously super expensive prescription and OTC pills. Most elderly people suspiciously treat the rising online pharmacies and offered generics – instead they prefer to overpay hundreds of dollars for popular brand medications.
All users of Medicare insurance plans had to face an added financial burden, because the U.S. Congress has banned the governmental program from negotiating prices for certain medications. The Trump administration has the ideas of making drug companies to include prices in television commercials of their meds. But still they do not legally allow Medicare to negotiate directly with manufacturers for a better deal for the meds allowed in elderly’s insurance plans.
The House Committee on Oversight Reform announced in January 2019 an investigation concerning the U.S. drug pricing and pharmacy practices. In the meantime, elderly patients who need their meds right now are looking for other options than local pharmacies. The vast choice is the wide range of online Canadian pharmacies where the prices change drastically.
The same was confirmed by Jules Enatsk, 66, a retired healthcare consultant. He had to buy a rosacea medication tube for $77 at his regular drugstore in the neighborhood. He found this price to be very high for a 60-gram tube and he asked his grandchild to check the price for the same drug at Canadian pharmacy. And it turned out to be only $29.
“This [generics] is especially relevant now, in the conditions of economic crisis,” says Nick McGee, a PhRMA spokesperson. According to him, original drugs are initially very expensive. This is a business, and development companies and manufacturers have to regain profit. Naturally, the original drugs are not everyone can afford. And then there are copies of the original drugs or, as they are called, generics, which are much cheaper. The pharmaceutical industry is developing in Canada. Every year, new production facilities are opened, factories are switching to international quality standards, and their products, including generics, become qualitative.
Generic medications right now take out about 84 percent of all prescriptions filled in the U.S. Most patients, but mostly elderly people, have to look for the reliable sources towards specific generic medications. However, finding top-quality generics can be challenging because wholesale drug manufacturers risk at producing replicas of brand medications at lower cost.
Another challenge is to wait while the U.S. patent for a brand drug will expire. For example, asthma inhaler Advair Diskus expired many years ago, but a generic medication has yet to be introduced — federal U.S. regulating services require to give license for worldwide manufacturers for the production of generic pills. Right now the cash price for 3 inhalers will cost over $1,413 in the territory of the United States of America. The same amount of generic inhalers can be taken in Canadian Pharmacy for less than $400.
Online Canadian pharmacies are making overseas generic drugs in foreign countries more accessible. But keep in mind that you need to buy only from pharmacies that require a prescription and that are certified in their home country. Services like My Canadian Pharmacy allow finding the lowest prices for generic and branded pills online. Though, there are other websites with the same services.
Why do elderly patients prefer generics?
Original drugs have a wide range of generics from different countries-manufacturers: both domestic and foreign. Depending on the desired composition, characteristics, price, the patient can choose the most suitable drug.
Increasingly, elderly patients in the U.S. are choosing generics, and not original drugs, because they are easy to find in any Canadian pharmacy, the cost is much lower, and the characteristics are identical with the original and equivalent drug. Generics for potency can usually be found in online pharmacies. You can order them with delivery to the United States of America.
Generics usually do not cause addiction, drowsiness and do not affect the level of hormones. Some of them can be combined with alcoholic beverages. Also, it is easy to find a generic suitable for people suffering from diabetes. In any case, when buying a generic, it is recommended to read the instructions for the drug and not to exceed the indicated dosage of the active substance.
Generic drugs are not inferior to the original drugs in effectiveness, but are much more affordable. Some generics contain vitamin complexes that have a beneficial effect on men’s health.
The high cost of the original drug is due to the high cost of production, research, testing. Brand awareness also imposes a certain amount on the cost of the drug. Generics are made according to ready-made recipes and testing, making it more accessible to the consumer. The effectiveness of quality generics is clinically proven and they have equal achievements in terms of therapeutic properties.
A patient who does not chase famous brands and does not like to overpay, you can safely buy generics. This is especially true of drugs for men who have never been cheap. And generics for ED pills offer great opportunities for many elderly patients. The desired result will be achieved, funds saved, and these are the main two advantages of generics.
Medicines are an important component in the life of any person, and pensioners especially. For many of them, an unpleasant surprise was the rise in prices for medicines. Elderly people are accustomed to certain trade names and they do not use the recommendations of the doctors to replace the original imported drugs with domestic generics.


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TECH CHRONICLES / A daily dose of postings from The Chronicle's technology blog (sfgate.com/blogs/tech)
Ho, Ho, Ho: Consumers to spend $21 billion
Holiday shoppers are expected to spend $21 billion on consumer electronics this year, according to an annual survey by the Consumer Electronics Association released Monday.
On the top of most people's wish list is a digital music player, followed by the usual assortment of DVD players/recorders, digital cameras, computers, televisions, video game systems, cell phones and camcorders. Me? I just want peace, love and happiness.
Families will spend $1,625 on gifts, decorations, trips, food, counseling, etc. during the holidays. Half of that will go toward gifts, and about a quarter of that, or $195, will be spent on consumer electronic gifts, the survey said.
-- Ellen Lee
The new E3
The Electronic Entertainment Expo, the gaming trade show known far and wide as E3, pulled a bit of a shocker earlier this year when organizers said the huge, sprawling extravaganza was being downsized dramatically. Now, organizers have a date to announce and a location to tout.
Instead of the old E3, which took up most of the Los Angeles Convention Center in May, the new E3 will be in Santa Monica and will work out of several hotels and the Barker Hangar, a large venue at the Santa Monica Airport. The new E3, now dubbed the E3 Media and Business Summit, will run July 11-13.
The idea is that video game companies will host more intimate gatherings for journalists and analysts at the local hotels, allowing them to do more one-on-one briefings and meetings. Barker Hangar will be used for larger displays, though it clearly won't approach the madness that overtook the L.A. Convention Center.
-- Ryan Kim
KPIX + Yahoo = KPIXhoo
Yahoo today will start broadcasting clips from San Francisco television station KPIX, a CBS affiliate, in a partnership with CBS.
Yahoo will air 10 to 20 video stories each day from each of 16 markets. Besides San Francisco, the markets include Los Angeles, New York, Chicago and Denver.
-- Ellen Lee


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Investors Buy Shares of J.M. Smucker Co. (SJM) on Weakness
Traders bought shares of J.M. Smucker Co. (NYSE:SJM) on weakness during trading hours on Friday. $39.05 million flowed into the stock on the tick-up and $26.60 million flowed out of the stock on the tick-down, for a money net flow of $12.45 million into the stock. Of all stocks tracked, J.M. Smucker had the 27th highest net in-flow for the day. J.M. Smucker traded down ($0.97) for the day and closed at $155.23
A number of brokerages recently issued reports on SJM. Susquehanna restated a “hold” rating on shares of J.M. Smucker in a report on Sunday, July 17th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $131.00 price objective (up from $128.00) on shares of J.M. Smucker in a research report on Friday, July 15th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of J.M. Smucker in a research report on Saturday, July 9th. Hilliard Lyons cut J.M. Smucker from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on J.M. Smucker from $122.00 to $128.00 and gave the company a “sell” rating in a research report on Monday, June 20th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. J.M. Smucker presently has an average rating of “Hold” and a consensus target price of $146.80.
The firm has a market cap of $18.07 billion and a price-to-earnings ratio of 26.95. The stock’s 50-day moving average is $151.39 and its 200-day moving average is $134.43.
J.M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 9th. The company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.67. During the same period last year, the company earned $0.98 earnings per share. The firm earned $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. Equities analysts anticipate that J.M. Smucker Co. will post $7.70 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.93%. This is an increase from J.M. Smucker’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Wednesday, August 10th.
In related news, Director Vincent C. Byrd sold 14,512 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $144.55, for a total value of $2,097,709.60. Following the sale, the director now directly owns 69,670 shares of the company’s stock, valued at approximately $10,070,798.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $145.51, for a total transaction of $232,816.00. Following the completion of the sale, the senior vice president now directly owns 18,702 shares in the company, valued at $2,721,328.02. The disclosure for this sale can be found here.
Several institutional investors recently modified their holdings of SJM. Mutual of America Capital Management LLC raised its position in shares of J.M. Smucker by 17.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 13,977 shares of the company’s stock worth $1,724,000 after buying an additional 2,065 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in shares of J.M. Smucker by 78.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 41,131 shares of the company’s stock worth $5,073,000 after buying an additional 18,135 shares during the period. Bank of Montreal Can raised its position in shares of J.M. Smucker by 76.3% in the fourth quarter. Bank of Montreal Can now owns 84,878 shares of the company’s stock worth $10,470,000 after buying an additional 36,746 shares during the period. Principal Financial Group Inc. raised its position in shares of J.M. Smucker by 19.7% in the fourth quarter. Principal Financial Group Inc. now owns 180,219 shares of the company’s stock worth $22,229,000 after buying an additional 29,605 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its position in shares of J.M. Smucker by 41.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 30,595 shares of the company’s stock worth $3,619,000 after buying an additional 8,940 shares during the period.
The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Company’s U.S.
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A Hanukkah gift-wrapping paper is being pulled from stores nationwide after a Los Angeles woman said there were swastikas in the design.
Cheryl Shapiro, who lives in the San Fernando Valley community of Porter Ranch, says she went to a Walgreens store on Saturday with her grandson to buy gift wrapping for the Jewish holiday, which begins next week.
Shapiro says she was looking at some silver-and-blue paper when she noticed what appeared to be swastikas embedded in the pattern.
Shapiro says she spoke to the store manager, who was appalled.
The Los Angeles Daily News says the paper – which was made by Hallmark and sold exclusively at Walgreens – is being removed from stores.
The paper also says Hallmark apologized for what it calls an “unintentional offense”.


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Clearly, it affects investor confidence inDigital currency marketAll in all, serious in the blink of an eye FTX Managed by Sam Bankman-Fried, its value has fallen from $32 billion. into bankruptcy
“Crypto Market” Trembling
Anticipate that the coin Bitcoin(Bitcoin) has lost more than $68,000 in value in 2022 and is likely to drop further to $13,000, the lowest in the last two years.
Exchanges were also hit, with SBF-backed Robinhood trading down 30%.
side BlockFi Crypto Lending Company FTX Going to carry in the middle of last year, saying that FTX had an impact, causing the company to be unable to carry on business as usual and temporarily stopped withdrawing funds.
trading website Liquid stop trading on the platform After suspending cash and crypto withdrawals on the platform on November 15, 2022, due to an order from S&C (Sullivan & Cromwell Law Firm), acting for FTX Trading, to suspend all web commerce and our commerce due to Chapter 11 proceedings in Delaware courts.
Partners flock to terminate the agreement.
Earlier in October, FTX announced that it was launching Visa debit cards in more than 40 countries, with Latin America launching. Due to the dire situation with FTX, a Visa spokesperson announced the termination of its global agreement with FTX and US crypto debit cards are being suspended by issuers, as well as ending their partnership with FTX.
TSM, the major esports company, has terminated its 10-year $210 million contract with FTX, halting the partnership “effective immediately.” This means that the FTX brand will no longer appear on corporate social media profiles, our team, and our players anymore. and it will also be removed from our players shirts
FTX initiates bankruptcy proceedings
FTX has started to reviewglobal assetsAs part of the Chapter 11 bankruptcy protection process, Perella Weinberg Partners LP (PWP), a New York financial services firm, is Conducting asset audits This review may result in the reorganization or sale of certain businesses held by FTX and its affiliates in the end.
A reminder for crypto investors
Jon Ulin, certified financial planner, CEO of Ulin & Co., a wealth management firm in Boca Raton, Florida, said the fall of FTX is a stark reminder. Nothing comes fast when trying to make a quick buck in the relatively new and unregulated financial industry.


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WASHINGTON (AP) " U.S. consumer prices, driven up by rising energy costs, rose moderately in December, closing out a year in which consumer inflation rose at the fastest pace in five years.The Labor.. New Zealand Herald Also reported by •SeattlePI.com •Globe and Mail •Seattle Times
CANBERA (dpa-AFX) - The U.S. dollar climbed against its major rivals in the European session on Wednesday, after data showed that the nation's consumer price inflation improved in December, backin... FinanzNachrichten.de
Jan.18 -- In today's "Single Best Chart," Bloomberg's Tom Keene and Francine Lacqua display median U.S. household income adjusted for inflation going back to 1970. They speak with Yale University.. Source: Bloomberg Global Business -
U.S. stocks moved slightly higher on Wednesday amid better than expected earnings from the banking sector. Goldman Sachs reported earnings and revenue that topped Wall Street estimates thanks to a 25%.. Source: The Street -
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US headline inflation rose for a 5th consecutive month, and has not seen a negative print since February, following today's report that CPI in December rose 0.3%, and up 2.1% from a year ago, the.. Zero Hedge
WASHINGTON, Jan 18 (Reuters) - U.S. consumer prices rose in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/2 years, a sign.. Reuters
Despite all the excitement and media hype that wage growth is finally upon us and the green shoots of escape velocity recovery are here, thanks to Obama and Yellen, the facts are different. *Real.. Zero Hedge
Inflation in the US rose in December, strengthening the case for a rise in interest rates over the coming year.
Consumer prices rose by an annual rate of 2.1 per cent in December, after inflation of.. City A.M.
The Consumer Price Index (CPI) for December will be released at 8:30 a.m. ET.
Economists forecast that the basket of prices increased by 0.3% from November, and gained 2.1% year-over-year... Business Insider
WASHINGTON (dpa-AFX) - Gold futures were flat Wednesday morning ahead of U.S. inflation data that may influence the Federal Reserve's rate hike outlook.While some Fed members have said inflation r... FinanzNachrichten.de
Sterling has fallen back from its strongest one-day performance since 1993, helping to nudge the FTSE 100 back into profitable territory.
The sterling spot exchange rate against the US dollar had.. City A.M.


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Pull out those old red and blue shades to see what it's like to live in orbit at zero gravity, and to watch astronauts grow a floating water ball.
The doll-like dancing robots made by Japanese electronics manufacturer Murata balance themselves perfectly on a single ball.
A Rube Goldberg-style contraption uses a powerful, focused beam of light, prisms, and magnifying glasses to activate its various mechanisms.
This soccer ball made from materials similar to those found in Crocs can survive being stabbed and run over by a car, making it perfect for soccer fans around the world.
The chipmaker shows off its vision for the future digital world -- including dancing robots, secure cars and 3D scanning.
The classic table-tennis ball gets a high-tech makeover with a new design and 3D printing to make it happen.
The World Cup ain't got nothin' on these Indonesian football players, who swap out the traditional ball with a coconut doused in kerosene and set on fire.
After just a month and a half, Orbotix's education initiative using Sphero to teach children programming is gathering serious momentum.
A lot has changed in a year, but Microsoft still needs to win over prospective next-gen consumers. Here's what we expect to see from the Xbox camp.
For many, I think the convenience of the Ball Freshtech Automatic Home Canning System will be worth the price. It's a fantastic starter kit and a great option for experienced canners who want to complete a batch in less time.


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Joining Like-minded Leaders in the World’s RFID Hotspot
It's maybe a small news item, but surely a great honor: Auburn University has announced Tageos as a new member of its RFID Lab advisory board. For the long-time supporter of Auburn’s ARC program and holder of a corporate-level ARC Quality Certification, this is an accolade – and a promise to RFID end users.
Within the RFID industry, the RFID Lab at Auburn University is widely considered the research institute with the highest profile and reputation. It focuses on the business case and technical implementation of RFID and other emerging technologies in the retail, aviation, supply chain and manufacturing sectors. The advisory board, which has 19 members today and meets three times a year, is presented with the lab’s research progress and latest outcomes. In return, the board members provide strategic research direction and current industry insight to the Lab. The meetings also facilitate discussion of cross-industry best practices.
A strong partner for the RFID Lab
“Tageos has been a strong partner with our lab and will now provide even more industry insight and strategic direction for our research efforts,” RFID Lab Director Justin Patton says. “The company’s long-standing commitment to the advancement of RFID technology will be a valuable asset to our lab.”
“We feel very honored to have been offered the opportunity to join the advisory board of Auburn’s RFID Lab,” Tageos’ CEO Matthieu Picon says. “As a leading supplier of RFID inlays and tags, Tageos stands for innovation, quality and sustainability – confirmed by today’s largest portfolio of paper-based products approved by ARC. With our membership of the advisory board, we will continue to support its values for the benefit of all users of RFID technology. We look forward to a sound collaboration with all members of the board and particularly with the RFID Lab at Auburn University.”
More than an option: Adding manufacturing capacities in the US and APAC
In the execution of its strategy for accelerated global growth, Tageos is moving further ahead in evaluating new locations for R&D and manufacturing sites both in North America and Asia Pacific, supplementing and enhancing its existing infrastructure in Europe. This is also in line with industry insiders' assessment that overall global manufacturing capacities for RFID inlays and tags are already barely sufficient.
“As one of the fastest-growing players in that industry, the expansion of our manufacturing capacity is certainly on our agenda. It will be a huge advantage to be able to leverage both our and the university’s great experience to meet global customer and market demand, and at the same time, to have the manufacturing infrastructure at hand to serve rapidly growing customer needs,” Matthieu Picon explains.