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DAVENPORT, Iowa, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Inc. LEE , a leading provider of trusted local journalism across the United States, today announced a first-of-its-kind content partnership with ProRata.ai , an innovator in artificial intelligence-driven solutions. This partnership marks a pivotal milestone in the evolution of hyper-personalized local content and real-time advertising solutions tailored to the unique needs of local search and AI search engines. Through this partnership, Lee Enterprises and ProRata.ai will collaborate on groundbreaking technology integration and co-development efforts to bring a cutting-edge attribution platform to local media. The alliance aims to redefine how local news and advertising are delivered, enabling hyper-personalized content experiences and seamless real-time advertising production at an unprecedented scale. "This partnership is a monumental step forward for Lee Enterprises as we continue to lead the transformation of local media," said Kevin Mowbray, Chief Executive Officer of Lee Enterprises Inc. "By joining forces with ProRata.ai , we are not only embracing innovation but also creating meaningful solutions that connect local audiences and businesses in ways never before imagined. Together, we are shaping the future of news and advertising." The agreement, as outlined in the recently signed term sheet, establishes the foundation for a series of transformative initiatives, including: Hyper-Personalized Local Content : Leveraging ProRata's offerings to deliver tailored news and information that meets the unique interests and needs of individual users. Real-Time Advertising Solutions : Co-developing technology that enables the dynamic creation and placement of ads within local search and answer engines, maximizing relevance and engagement. Seamless Integration of AI in Local Media : Exploring opportunities to integrate AI-driven insights, automation, and innovation into Lee's digital properties and advertising ecosystem. "ProRata.AI is incredibly proud to partner with Lee Enterprises to create a model for the future of local media," said Bill Gross, ProRata.AI Founder and CEO. "Our collaboration reflects our shared vision of pioneering sustainable economic and ethical attribution models for creators in the era of generative AI. As both companies move forward, this partnership lays the groundwork for further innovation in local media and advertising. Lee Enterprises and ProRata.ai are committed to exploring additional opportunities for technology integration and co-development, driving digital transformation, and delivering unparalleled value to readers, advertisers, and local communities. About Lee Enterprises Inc. Lee Enterprises, Inc. is a trusted local news provider serving 73 markets in 26 states. With a dedication to quality journalism and digital innovation, Lee delivers valuable content and advertising solutions to its communities and partners. For more information, visit www.lee.net . About ProRata.ai Founded in 2024 by Bill Gross at Idealab Studio, ProRata's mission is to ensure that generative AI platforms compensate and credit content owners for the use of their material. ProRata builds technology that enables generative AI platforms to attribute contributing content sources and share revenues on a per-use basis, protecting and rewarding creators while helping to prevent unreliable content from compromising AI results. For more information, please visit prorata.ai . Contact: IR@lee.net (563) 383-2100 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Just five companies are expected to grab more than half of global ad dollars this year, with the advertising industry set to exceed $1 trillion in revenue for the first time. Those companies include ( ), ( ) and ( ), along with China's ( ) and privately held ByteDance, the Financial Times reported, citing a new Group M report. Those five leaders are far different from the traditional Big 5 ad agencies that dominated the pre-social media advertising landscape. As a result, traditional players are regrouping as Big Tech and artificial intelligence continue to ascend in (and disrupt) the global advertising market. One of the fastest-rising names on the S&P 500 Monday was ( ), one of the world's largest legacy ad agencies, which announced plans to merge with peer ( ). Digital Pushes Advertising Industry Above $1 Trillion Media agency GroupM issued a report estimating that global advertising revenue will rise 9.5% in 2024, climbing a further 7.7% in 2025 to $1.1 trillion. Digital advertising continues to power growth at the expense of traditional advertising channels such as television, print and radio. The firm said in a new report that digital advertising will account for 73% of total advertising in 2025 and almost 77% in 2029. Advertising growth is outpacing GroupM's expectations despite macroeconomic uncertainties in major ad markets. It expects most of the growth to benefit the largest sellers of digital advertising from the technology sector — such as Alphabet's YouTube, Meta's Facebook and ByteDance's TikTok — rather than advertising agencies and other marketing service providers. But the report warned that possible tariff wars and a stronger dollar after Donald Trump's presidential election win could chill the advertising market. Alphabet stock rose less than 1% on Monday, trading about 4% below a 182.49 buy point. Meta fell in buy range. Omnicom And Interpublic To Merge On Monday, Omnicom Group said that it has agreed to buy rival Interpublic Group in a $13.25 billion, all-stock deal. The merger of the two major ad agencies would create the world's largest advertising company, with more than $25 billion in combined revenue. It would reduce the traditional "Big 5" ad agencies to the "Big 4." Interpublic investors would receive 0.344 Omnicom shares for each share held. The deal is expected to be accretive to earnings for shareholders of both companies, according to their news release. Interpublic stock surged 13% in early trade Monday, trimming that gain to 3.5% at the close. Omnicom sank more than 10%. "We are pretty confident this is not going to create any regulatory issues," Reuters quoted Omnicom CEO John Wren telling analysts on a call. "The world isn't divided into four companies — you have things like Google, Facebook, Amazon ... servicing people's marketing needs," Wren added. 'Top Stocks For E-commerce Growth' Meanwhile, e-commerce sales continue to fuel digital retail advertising growth. In a note to clients on Monday, Bank of America analysts projected that global e-commerce will grow 8% through 2030, with the e-commerce share of total retail sales expanding to 29%. The firm named Amazon and Alibaba as "our top stocks for global e-commerce growth and earnings exposure," along with smaller internet retailers ( ), Korea's ( ), and Singapore-based ( ). Amazon stock pegged a new high on Monday, building on a successful November earnings breakout. But it closed fractionally lower. , still below a falling 50-day moving average. But Chewy, Coupang and Sea shares fell. as well. Both ( ) and ( ) have blurred the lines between offline and online retail. Shares of Walmart fell on Monday, after chalking up record highs every day last week. Costco also retreated.
Miles Barnstable scored 23 points as St. Thomas beat Bowling Green 93-68 on Saturday. Barnstable shot 6 for 12 (3 for 8 from 3-point range) and 8 of 9 from the free-throw line for the Tommies (10-4). Drake Dobbs scored 18 points while going 6 of 10 from the floor, including 1 for 3 from 3-point range, and 5 for 6 from the line and added five assists. Kendall Blue shot 5 for 11 (2 for 6 from 3-point range) and 4 of 4 from the free-throw line to finish with 16 points. The Tommies picked up their sixth straight win. Javontae Campbell led the way for the Falcons (4-7) with 18 points, six rebounds and four steals. Marcus Johnson added 16 points for Bowling Green. Derrick Butler had 15 points. St. Thomas took the lead with 18:36 remaining in the first half and did not relinquish it. Carter Bjerke led their team in scoring with 12 points in the first half to help put them up 46-20 at the break. St. Thomas pulled away with a 10-0 run in the second half to extend a 20-point lead to 30 points. They were outscored by Bowling Green in the second half by a one-point margin, but still wound up on top, as Barnstable led the way with a team-high 14 second-half points. St. Thomas' next game is Sunday against UC Riverside on the road, and Bowling Green hosts Aquinas (MI) on Monday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Sora: OpenAI’s AI-Powered Video Generator Now Accessible To All US Users// NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES // VANCOUVER, BC , Dec. 13, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (" BioVaxys " or the " Company ") is pleased to announce that it has closed the first tranche (the " First Tranche ") of its previously announced non-brokered private placement (the " Private Placement ") with the issuance of 2,200,000 units (the " Units ") of the Company at a price of $0.05 per Unit for aggregate gross proceeds of $110,000 . Each Unit consist of one (1) common share in the capital of the Company (each, a " Share ") and one (1) whole Share purchase warrant (each, a " Warrant "), whereby each Warrant is convertible into one additional Share at an exercise price of $0.15 until December 13, 2026 , being the date that is 24 months from the date of issue. The Company intends to use the net proceeds of the First Tranche for working capital. No finder's fees were paid in connection with the First Tranche. All securities issued pursuant to the First Tranche are subject to a statutory hold period expiring April 14, 2025 , being the date that is four months and one day from the date of issuance in accordance with applicable securities legislation In addition, the Company announces that it has entered into a debt settlement agreement with an arm's-length consultant of the Company to settle an aggregate of $500,000 in debt owed to the consultant by issuing 5,000,000 Shares at a deemed price of $0.10 per Share (the " Debt Settlement "). The board of directors of the Company has determined that it is in the best interests of the Company to settle the outstanding debt through the issuance of Shares in order to preserve the Company's cash for working capital purposes. All securities proposed to be issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation. Closing of the Debt Settlement is conditional upon a number of conditions, including receipt of all applicable corporate and regulatory approvals, including the acceptance of the Canadian Securities Exchange. This news release does not constitute an offer to sell or a solicitation of an offer to buy of any securities in the United States . The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933 , as amended (the " U.S. Securities Act "), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. About BioVaxys Technology Corp. BioVaxys Technology Corp. ( www.biovaxys.com ), a company registered in British Columbia, Canada , is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPXTM immune-educating technology platform and it's HapTenix© 'neoantigen' tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. DPXTM is a patented antigen delivery platform that can incorporate a range of bioactive molecules to produce targeted, long-lasting immune responses enabled by various formulated components. The DPX platform facilitates antigen delivery to regional lymph nodes and has been demonstrated to induce robust and durable T cell and B cell responses in pre-clinical and clinical studies for both cancer and infectious disease. BioVaxys' common shares are listed on the Canadian Securities Exchange under the stock symbol "BIOV", on the Frankfurt Bourse (FRA: 5LB), and quoted in the US on the OTC Markets. For more information, visit www.biovaxys.com and connect with us on X and LinkedIn. ON BEHALF OF THE BOARD Signed " James Passin " James Passin , Chief Executive Officer Phone: +1 740 358 0555 Cautionary Statements Regarding Forward Looking Information This news release includes certain "forward-looking information" and "forward-looking statements" (collectively " forward-looking statements ") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, the statements relating to the Private Placement and the Debt Settlement, including the expected use of proceeds from the Private Placement and related issuance of the Shares for the Debt Settlement, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those expressed or implied in such forward-looking statements. These forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates, primarily the assumption that BioVaxys will be successful in developing and testing vaccines, that, while considered reasonable by BioVaxys, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the impact of any changes that may affect the anticipated use of proceeds from the Private Placement and the ability of the Company to obtain the necessary approvals to proceed with the Debt Settlement. BioVaxys does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this release. Logo - https://mma.prnewswire.com/media/2415135/5078410/BioVaxys_Technology_Corp_Logo.jpg SOURCE BioVaxys Technology Corp.
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