Failure

JP Morgan Says Dada Nexus Limited’s (DADA) Overstatement of Revenue “Likely to Cast Doubt on Corporate Governance” Amid Investor Class Action – Hagens Berman

Retrieved on: 
Friday, February 16, 2024

SAN FRANCISCO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Dada Nexus Limited (NASDAQ: DADA) investors who suffered substantial losses to submit your losses now.

Key Points: 
  • SAN FRANCISCO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Dada Nexus Limited (NASDAQ: DADA) investors who suffered substantial losses to submit your losses now .
  • Dada Nexus Limited (DADA) Securities Fraud Class Action:
    In a Jan. 9, 2024 report to clients, analysts at JP Morgan commented on Dada’s outlook after its recent admission of improper accounting.
  • The truth began to emerge on Dec. 19, 2023, when Dada Nexus announced its Chairman of the Board Lijun Xin and CFO Beck Zhaoming Chen would be resigning immediately.
  • "We are investigating whether Dada Nexus may have intentionally overstated its revenues and understated costs,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

Teacher apprenticeships may encourage more people into the profession – but greater change is needed to get them to stay

Retrieved on: 
Friday, February 16, 2024

In eight of the past nine years there have been too few people entering the teaching profession in the UK.

Key Points: 
  • In eight of the past nine years there have been too few people entering the teaching profession in the UK.
  • In 2023-24, only half of the targeted secondary trainee teacher places have been filled.
  • Now the government has announced teacher degree apprenticeships as a new way to enter the profession.

Attracting teachers

  • In the academic year 2023-24, the government sought to recruit 2,820 new physics teachers, and offered training scholarships and bursaries worth up to £29,000 to attract them.
  • Bonuses like these do not appear to be a significant driver in people’s choice to become teachers.
  • An important element of this strategy is to support teaching assistants – who are already familiarised with working in schools – to become teachers.
  • But it does assume that teaching assistants wish to become teachers, which is not necessarily always the case.

Working conditions and wellbeing

  • It is no wonder that more than half of teachers in England feel their workload is unmanageable.
  • Nor is it surprising that people working in education are subject to higher levels of stress than other professions and are also likely to be disappointed with their occupation.
  • In 2023, the government launched a teacher workload reduction taskforce to find ways to reduce teachers’ working weeks by five hours.
  • Unless the teaching profession experiences a fundamental shift in working conditions for all we are likely to continue to see poor workforce satisfaction and teachers continuing to leave the profession.


Stephen Corbett receives funding from the University of Portsmouth. He is affiliated with the Education and Training Foundation.

COVID: there’s a strong current of pandemic revisionism in the mainstream media, and it’s dangerous

Retrieved on: 
Friday, February 16, 2024

To reassess and agonise over how reasonable lockdown was is now a near-constant in the media, particularly in the UK.

Key Points: 
  • To reassess and agonise over how reasonable lockdown was is now a near-constant in the media, particularly in the UK.
  • However, against the backdrop of the continuing COVID inquiry, fringe views are making their way into the mainstream.
  • And online debates have abandoned much of the ethical and political nuance they deserve.
  • Yet, with increasing distance, the thorny, difficult issues tend to be flattened to false narratives and a history of simple choices.
  • With the benefit of hindsight, established accounts of successful interventions and stories of failure often take on new shades.

Streamlined narratives

  • The nuances that highlighted the complexities of epidemic management in polio soon gave way to a streamlined narrative: the Salk vaccine, the first vaccine to treat polio, was pinpointed as the cause of all troubles, when the new Sabin vaccine took its place.
  • More recently, the history of Aids is too often told as the victory of “technoscience” that brought a raging pandemic under control through effective, sophisticated pharmaceutical innovation.
  • In the flattened narratives of successful pharmaceutical innovation, the politics of activist groups and the pandemic’s implication for sexual politics are too often lost.


Lukas Engelmann receives funding from European Research Council (ERC) and British Academy Dora Vargha receives funding from the European Research Council (ERC) and The Wellcome Trust.

Old Dominion Freight Line Declares Two-for-One Stock Split

Retrieved on: 
Friday, February 16, 2024

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has approved a two-for-one stock split of its common stock.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has approved a two-for-one stock split of its common stock.
  • The split will be effected by issuing one additional share of common stock for every share of common stock held.
  • Upon completion of the split, the Company will have approximately 217,600,000 shares outstanding.
  • Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (“LTL”) motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

Meet the Best Emerging Alcohol Brands: Sprout Beverage Accelerator Announces Winter 2024 Cohort

Retrieved on: 
Friday, February 16, 2024

CHICAGO, Feb. 16, 2024 /PRNewswire-PRWeb/ -- Sprout Beverage, InvestBev's invite-only, start-up accelerator for emerging adult beverage brands, announces the brands selected for its winter 2024 cohort. These brand founders will receive education, mentoring, and resources from experienced alcohol industry leaders to help them succeed in the highly competitive adult beverage industry.

Key Points: 
  • CHICAGO, Feb. 16, 2024 /PRNewswire-PRWeb/ -- Sprout Beverage , InvestBev's invite-only, start-up accelerator for emerging adult beverage brands, announces the brands selected for its winter 2024 cohort.
  • These brand founders will receive education, mentoring, and resources from experienced alcohol industry leaders to help them succeed in the highly competitive adult beverage industry.
  • "This is an amazing group of beverage founders from all over the world, and we're excited to help them make their mark in the adult beverage industry."
  • This is an amazing group of beverage founders from all over the world, and we're excited to help them make their mark in the adult beverage industry," said Brian Rosen, founder of Sprout Beverage.

Cobo Introduces MPC Co-managed Custody Solution for Bitcoin Layer 2 Bridges

Retrieved on: 
Friday, February 16, 2024

SINGAPORE, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Cobo, a leading provider of digital asset custody solutions, is proud to announce the launch of its innovative MPC co-managed custody solution for Bitcoin Layer 2 bridges. This pioneering solution is designed to address the critical security challenges of funds flowing in and out of Bitcoin Layer 2s (L2s).

Key Points: 
  • SINGAPORE, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Cobo, a leading provider of digital asset custody solutions, is proud to announce the launch of its innovative MPC co-managed custody solution for Bitcoin Layer 2 bridges.
  • This pioneering solution is designed to address the critical security challenges of funds flowing in and out of Bitcoin Layer 2s (L2s).
  • Built on the foundation of Cobo’s cutting-edge Multi-Party Computation (MPC) custody technology, this Bitcoin L2-dedicated custody solution sets a new industry standard with its enhanced security mechanism.
  • Cobo’s MPC custody solution for L2 bridges also offers the flexibility of other configurations, including 3-of-3, 3-of-5, etc, according to the projects’ unique requirements, facilitating the worldwide distribution of private key shares.

7 crucial issues casting a shadow over Prabowo-Gibran’s likely Indonesian election victory

Retrieved on: 
Friday, February 16, 2024

After four election attempts and three presidential races, the 72-year-old Defence Minister is set to succeed President Joko “Jokowi” Widodo, who has been in power for a decade.

Key Points: 
  • After four election attempts and three presidential races, the 72-year-old Defence Minister is set to succeed President Joko “Jokowi” Widodo, who has been in power for a decade.
  • We summarised the views of nine academics on seven crucial issues that have become public discussions following recent presidential and vice-presidential debates.

1. Human rights and freedoms on the line

  • Prabowo had admitted his involvment in the kidnapping of pro-democracy activists in May 1998 riots, but said he released them.
  • Eka said it was concerning that Prabowo did not include any commitment to resolve past human rights violations in his election platform.
  • “Hoping for Prabowo to resolve the past human rights cases seems impossible.
  • It is difficult to expect Prabowo to be able to fully protect human rights, including civil, political, economic and socio-cultural rights of the entire community,” Eka said.

2. The New Capital’s funding challenge

  • Prabowo-Gibran’s victory means the development of the New Capital city in East Kalimantan, one of Jokowi’s signature projects, will continue as planned.
  • With many of Prabowo-Gibran’s campaign programs requiring substantial funding, including the free lunch and internet programs, money will be tight.
  • “There is still a burden from the debt inherited by the Jokowi administration, and the interest is also very high.
  • This does not include the risk of biodiversity loss due to the reduction in cover.

3. Food estate’s risk of failure

  • However, amid a changing climate and the risk of extreme weather, the food estate project is at high risk of failure.
  • Prabowo must reconsider the food estate project, Angga said, because Indonesia had already experienced two losses by forcing itself to boost mass agriculture: the Suharto-era million-hectare rice field project in Central Kalimantan and the food estate project in Merauke in Papua.

4. Strategies for nickel and other industries

  • Additionally, given its status as one of the world’s biggest nickel producers, Indonesia’s export ban on raw nickel and the flood of semi-finished nickel products in the international market has seen global nickel prices plummet.
  • Krisna said the downstream aspirations echoed by Prabowo-Gibran were not only about nickel, but also crude palm oil, coal and digital downstreaming.
  • “Some of these industries are varied, and many require a wide scale that may not be sufficient if they only rely on the domestic market.

5. Improving teacher and lecturer welfare

  • One study found increased welfare could encourage educators to improve the quality of the teaching and learning process.
  • Another study in 2019 showed the fulfilment of adequate welfare for teachers would increase teachers’ enthusiasm when working.
  • Hariyadi concluded that although necessary, improving welfare was not the only component needed to enhance the quality of public services, especially in the education sector.

6. Protecting independent research and academic freedom

  • In the presidential debates, Prabowo and his two competitors did not explain their understanding of academic freedom.
  • The discussion about the political environment, academic autonomy and the legal environment determining academic freedom was nowhere to be found.
  • Masduki said Prabowo should acknowledge academic autonomy from the very beginning: from planning research topics and building the research environment to receiving funding not flavoured with political messages.

7. Progress on helping children grow

  • The prevalence of stunting cannot go down quickly in only one leadership period, as it is caused by many factors.
  • “The Health Ministry has a program for the first 1000 days of a child’s life, starting during pregnancy.
  • “The target (of the program) is unclear, whether (it is) to overcome stunting, malnutrition or other nutrition.
  • Ultimately, budget allocations may hinder the efforts to reduce stunting, as Jokowi government has eliminated the mandatory spending for health.

ING to redeem Perpetual Capital Securities

Retrieved on: 
Friday, February 16, 2024

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.

Key Points: 
  • ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.
  • The purpose of ING Bank is: empowering people to stay a step ahead in life and in business.
  • ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
  • ING Group shares are also included in major sustainability and ESG index products of leading providers Euronext, STOXX, Morningstar and FTSE Russell.

BRIGHT HEALTH ALERT: Bragar Eagel & Squire, P.C. is Investigating Bright Health Group, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, February 16, 2024

Our investigation concerns whether the board of directors of Bright Health have breached their fiduciary duties to the company.

Key Points: 
  • Our investigation concerns whether the board of directors of Bright Health have breached their fiduciary duties to the company.
  • Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies.
  • Among other results, Bright Health reported earnings per share of -$0.48 as calculated under U.S. generally accepted accounting principles, missing consensus estimates by $0.31.
  • As of the time this Complaint was filed, the price of Bright Health common stock continues to trade below the $18.00 per share Offering price, damaging investors.

As the world heats up, solar panels will degrade faster – especially in hot, humid areas. What can we do?

Retrieved on: 
Friday, February 16, 2024

We found solar in Australia’s hot, humid north will degrade fastest, while solar in the arid interior and more moderate climates down south will fare better.

Key Points: 
  • We found solar in Australia’s hot, humid north will degrade fastest, while solar in the arid interior and more moderate climates down south will fare better.
  • When you’re looking to install solar on your rooftop, the warranty will likely be a factor in your eventual choice.
  • The reason the power output drops at all is that solar panels slowly degrade over time.
  • Solar farms would be able to produce less power and might have to replace panels due to failure more often.