Internal Revenue Service

A.I. Supercomputer Market Projected To Reach $3.3 Billion By 2028 with Significant Growth Expected

Retrieved on: 
Monday, March 4, 2024

A report from MarketsAndMarkets said that the AI supercomputer market is projected to grow from USD $1.2 billion in 2023 and is expected to reach USD $3.3 billion by 2028, growing at a CAGR of 22.0% from 2023 to 2028.

Key Points: 
  • A report from MarketsAndMarkets said that the AI supercomputer market is projected to grow from USD $1.2 billion in 2023 and is expected to reach USD $3.3 billion by 2028, growing at a CAGR of 22.0% from 2023 to 2028.
  • The report said: “The Government segment in the AI supercomputer market for application is expected to hold the largest market size during the forecast period in the AI supercomputer market.
  • Moreover, AI supercomputers are also being used to coordinate disaster relief efforts and provide assistance to victims of disasters.
  • AI supercomputers process vast datasets in real time, providing valuable insights into customer behavior, market trends, and operational efficiency.

DTE Energy Foundation invites community transformation-focused nonprofits to apply for $150K in grant support

Retrieved on: 
Friday, March 1, 2024

Detroit, March 01, 2024 (GLOBE NEWSWIRE) -- The DTE Energy Foundation today invited Michigan nonprofits that serve local communities to submit Letters of Intent for a chance to be selected for a grant that will support community transformation efforts.

Key Points: 
  • Detroit, March 01, 2024 (GLOBE NEWSWIRE) -- The DTE Energy Foundation today invited Michigan nonprofits that serve local communities to submit Letters of Intent for a chance to be selected for a grant that will support community transformation efforts.
  • The DTE Foundation will provide up to $150,000 to be shared across two or more Michigan nonprofits focused on local, community transformation and revitalization.
  • “Community Transformation is a key focus of the DTE Foundation, and we understand each city in Michigan has needs specific to residents and their location,” said Rodney Cole, president, DTE Foundation.

  • The DTE Foundation transforms lives by helping area communities renew, refresh, or create community space, restore safety, beautify blocks, and increase community health and well-being.

Arcosa, Inc. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024

“Within Engineered Structures, Adjusted Segment EBITDA increased 13% in 2023, normalizing for the sale of the storage tanks business.

Key Points: 
  • “Within Engineered Structures, Adjusted Segment EBITDA increased 13% in 2023, normalizing for the sale of the storage tanks business.
  • Sequentially, margin for utility structures increased in the fourth quarter, and we continue to focus on improving profitability in 2024.
  • At the end of the fourth quarter, the combined backlog for utility, wind, and related structures was $1,367.5 million compared to $671.3 million at the end of the fourth quarter of 2022.
  • A conference call is scheduled for 8:30 a.m. Eastern Time on February 23, 2024 to discuss fourth quarter and full year 2023 results.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

Retrieved on: 
Tuesday, February 20, 2024

FTA has collective assets under management or supervision of approximately $211 billion as of January 31, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Key Points: 
  • FTA has collective assets under management or supervision of approximately $211 billion as of January 31, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • A Fund's shares will change in value, and you could lose money by investing in a Fund.
  • However, unlike mutual funds, shares may only be redeemed directly from the Fund by authorized participants, in very large creation/redemption units.
  • In addition, a Fund's investment performance and risks may be related to the investment and performance of the underlying funds.

Sheppard Mullin Expands White Collar and Investigations Capabilities With Partner John Marston

Retrieved on: 
Tuesday, February 20, 2024

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that John Marston has joined the firm as a partner in the Governmental Practice, based in the Washington, D.C office.

Key Points: 
  • Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that John Marston has joined the firm as a partner in the Governmental Practice, based in the Washington, D.C office.
  • A former federal prosecutor, Marston has led numerous investigations and tried more than 50 civil and criminal cases to verdict.
  • “The firm has experienced significant growth and an uptick in demand in investigations and white collar defense, and John’s substantive experience will add additional depth to our bench-strength that is welcomed by our clients and our practice group,” said Luca Salvi, chair of Sheppard Mullin.
  • “We have had the pleasure of knowing John and watching his work for many years,” said Jonathan Aronie, co-leader of the firm’s Governmental Practice.

AARP Pennsylvania Advises on Early Tax Filing and Caution Against Tax Preparation Fraud

Retrieved on: 
Thursday, February 29, 2024

HARRISBURG, Pa., Feb. 29, 2024 /PRNewswire/ -- With tax season upon us, AARP Pennsylvania emphasizes the importance of early tax filing and the vigilance required to avoid tax preparation fraud , urging individuals to protect their personal information from both identity thieves and unscrupulous tax preparers.

Key Points: 
  • HARRISBURG, Pa., Feb. 29, 2024 /PRNewswire/ -- With tax season upon us, AARP Pennsylvania emphasizes the importance of early tax filing and the vigilance required to avoid tax preparation fraud , urging individuals to protect their personal information from both identity thieves and unscrupulous tax preparers.
  • Watch AARP Pennsylvania Fraud Watch Alert about Tax Fraud on YouTube.
  • AARP Pennsylvania recommends the following tips to avoid tax preparation fraud:
    Verify the tax preparer's credentials and professional standing.
  • Protect your finances this tax season by filing early, choosing your tax preparer wisely, and staying informed about potential scams.

Endo Reaches Resolution with U.S. Department of Justice Regarding Legacy Marketing of Opana® ER

Retrieved on: 
Thursday, February 29, 2024

DUBLIN, Feb. 29, 2024 /PRNewswire/ -- Endo International plc (OTC: ENDPQ) ("Endo" or the "Company") today announced that its subsidiary, Endo Health Solutions Inc. ("EHSI"), has agreed to resolve all issues regarding previously disclosed U.S. Department of Justice ("DOJ") investigations of EHSI and other Company subsidiaries related to certain legacy marketing of Opana® ER. The Company voluntarily stopped marketing Opana® ER directly to U.S. healthcare providers in 2016 and stopped selling Opana® ER in 2017.

Key Points: 
  • DUBLIN, Feb. 29, 2024 /PRNewswire/ -- Endo International plc (OTC: ENDPQ) ("Endo" or the "Company") today announced that its subsidiary, Endo Health Solutions Inc. ("EHSI"), has agreed to resolve all issues regarding previously disclosed U.S. Department of Justice ("DOJ") investigations of EHSI and other Company subsidiaries related to certain legacy marketing of Opana® ER.
  • The Company voluntarily stopped marketing Opana® ER directly to U.S. healthcare providers in 2016 and stopped selling Opana® ER in 2017.
  • EHSI also agreed to resolve the DOJ's civil investigation of the sales and marketing of Opana® ER.
  • Endo submitted the DOJ resolutions to the Bankruptcy Court for approval, which Endo is seeking in conjunction with its proposed Plan of Reorganization.

Endo Reaches Resolution with U.S. Department of Justice Regarding Legacy Marketing of Opana® ER

Retrieved on: 
Thursday, February 29, 2024

DUBLIN, Feb. 29, 2024 /PRNewswire/ -- Endo International plc (OTC: ENDPQ) ("Endo" or the "Company") today announced that its subsidiary, Endo Health Solutions Inc. ("EHSI"), has agreed to resolve all issues regarding previously disclosed U.S. Department of Justice ("DOJ") investigations of EHSI and other Company subsidiaries related to certain legacy marketing of Opana® ER. The Company voluntarily stopped marketing Opana® ER directly to U.S. healthcare providers in 2016 and stopped selling Opana® ER in 2017.

Key Points: 
  • DUBLIN, Feb. 29, 2024 /PRNewswire/ -- Endo International plc (OTC: ENDPQ) ("Endo" or the "Company") today announced that its subsidiary, Endo Health Solutions Inc. ("EHSI"), has agreed to resolve all issues regarding previously disclosed U.S. Department of Justice ("DOJ") investigations of EHSI and other Company subsidiaries related to certain legacy marketing of Opana® ER.
  • The Company voluntarily stopped marketing Opana® ER directly to U.S. healthcare providers in 2016 and stopped selling Opana® ER in 2017.
  • EHSI also agreed to resolve the DOJ's civil investigation of the sales and marketing of Opana® ER.
  • Endo submitted the DOJ resolutions to the Bankruptcy Court for approval, which Endo is seeking in conjunction with its proposed Plan of Reorganization.

Five American Public University System Students and Alumni Named Presidential Management Fellows Finalists for 2024

Retrieved on: 
Tuesday, February 27, 2024

CHARLES TOWN, W.Va., Feb. 27, 2024 /PRNewswire/ -- Five American Public University System students and alumni have been selected for the Presidential Management Fellows (PMF) Finalists, as part of a highly competitive government fellowship program that helps prepare tomorrow's leaders in public service.

Key Points: 
  • CHARLES TOWN, W.Va., Feb. 27, 2024 /PRNewswire/ -- Five American Public University System students and alumni have been selected for the Presidential Management Fellows (PMF) Finalists, as part of a highly competitive government fellowship program that helps prepare tomorrow's leaders in public service.
  • Over 80 American Public University (APU) and American Military University (AMU) students and alumni have been selected as finalists to the program since 2011.
  • "I'm thrilled that I've been chosen as a 2024 finalist for the Presidential Management Fellows program," said Keenan Hughes, an AMU student.
  • Our university's 2024 finalists are:
    "Presidential Management Fellows are the next generation of federal government leaders," said Kiran Ahuja, Director of OPM.

More Than Half of U.S. Workers Are Unaware of the IRS Tax Credit for Eligible Retirement Savers

Retrieved on: 
Tuesday, February 27, 2024

LOS ANGELES, Feb. 27, 2024 /PRNewswire/ -- Fifty-three percent of U.S. workers are unaware of a tax credit that may help them save for retirement and lower their tax bill, according to survey findings from nonprofit Transamerica Center for Retirement Studies®(TCRS). The Saver's Credit, also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), is available to millions of taxpayers who are saving for retirement.

Key Points: 
  • "In addition to the other tax-advantages of saving for retirement in a 401(k), 403(b) or IRA, the Saver's Credit is a benefit that may reduce a person's federal tax bill.
  • In this context, "non-refundable" means the credit cannot exceed a person's federal income tax for the year.
  • Important note: Beginning in 2027, the recently enacted SECURE Act 2.0 of 2022 replaces the Saver's Credit with the Saver's Match, a matching contribution from the federal government for retirement savers meeting income and other eligibility requirements.
  • The Saver's Match will be 50% of a worker's retirement plan or IRA contributions up to $2,000, representing a maximum match of $1,000.