Ride-hailing giants face bumpy road to profitability

first_imgHomeNewsRide-hailing giants face bumpy road to profitability Mar. 29, 2019 at 4:30 amNewsTransportationRide-hailing giants face bumpy road to profitabilityAssociated Press2 years agoali mogharabilyftmichael liedtkeride-sharetransportationUberFile photo. Ride-hailing giants Uber and Lyft have redefined what we expect from transportation, hooking customers on the immediacy of on-demand rides with a few clicks on a smartphone.But whether the companies can turn their popularity into profits is a question investors are asking as both companies prepare to offer shares to the public.Lyft will give investors their first in on the ride-hailing phenomenon when the company’s stock begins trading on the Nasdaq, with Uber right on its heels.But while both companies are growing fast, they are losing money just as quickly and face significant challenges to profitability. Last quarter, Uber lost $865 million while Lyft lost $249 million.Their intense competition puts pressure on prices in a market where riders can easily switch between apps to find the best fare. Complaints by drivers over wages could put pressure on Lyft and Uber to bump their pay. And both companies are hinging future profitability on the development of autonomous vehicles, which would lower driver expenses but could take many years to reach mass adoption.“Both companies have some inherent structural weaknesses and certainly when you look within Lyft’s filing, they do not reveal any plan for addressing those structural weaknesses and migrating or creating a path to profitability in the foreseeable future,” said Stephen Beck, managing partner of cg42, a management consulting firm. “They’re just moving from venture capitalists keeping them afloat to the public markets keeping them afloat.”Unprofitable tech IPOs have been common in the past six years, and the percentage of money-losing tech companies heading into the public markets is rivaling 2000, when the dot-com bubble burst, according to data from Jay Ritter, finance professor at the University of Florida.The main difference between now and 2000 is that the startups in the current crop are more mature, with many of them having been around for a decade or more with substantial sales, Ritter said.Digital scrapbooking company Pinterest, which lost $63 million last year, recently announced plans to list its stock on the New York Stock Exchange. Also waiting in the wings are Airbnb, the short-term rental company; Slack, the messaging app and Zoom, the video conferencing company.Lyft’s IPO is proving popular with early investors. Its financial filing earlier this month highlighted the company’s impressive growth. Revenue tripled from $343.3 million in 2016 to $1.1 billion in 2017, and then doubled to $2.2 billion in 2018. Revenue per ride also increased, which some analysts saw as a positive sign that the company is getting costs under control.“The ride sharing industry story is growth, and that’s the biggest value to existing and potential investors, frankly,” said Alejandro Ortiz, research analyst at SharesPost.Lyft has been focused on core markets in North America, and has stuck to its mission of providing alternatives to car ownership, offering bike-sharing and scooter-sharing services in addition to ride-hailing.Uber has branched out, expanding into food and freight delivery and experimenting with services from a short-lived peer-to-peer helicopter service to Uber Boat. It also has a greater international presence for its ride-hailing business than Lyft, although Uber has exited some markets, often selling operations to a competitor in exchange for a piece of the remaining company.Both companies are investing in autonomous vehicle technology. Lyft has been working with Aptiv to deploy a fleet of autonomous vehicles in Las Vegas, and facilitated 35,000 rides in autonomous vehicles with a safety driver since January, 2018. Uber’s autonomous vehicle testing was suspended after one of its self-driving vehicles killed a pedestrian while a backup driver was in the car. Uber resumed testing in Pittsburgh in December.At the same time, the companies face stiff competition from General Motors and Google spinoff Waymo, which have been working in the space longer than Uber and Lyft.“It may be difficult for these guys to catch up,” said Ali Mogharabi, senior equity analyst at Morningstar Research.Meanwhile drivers, who will represent a significant cost to Uber and Lyft, are already feeling squeezed by wages. Uber recently cut drivers’ share of trip revenues, said James Hicks, an Uber driver who helped organize a driver strike in Los Angeles.“It’s infuriating because the pay was already hard enough,” Hicks said. “Uber and Lyft are both scraping the bottom of the barrel. They’re both trying to lower their prices for the drivers, while at the same time taking as much from the drivers as they can.”Uber and Lyft have been providing rides at below-cost for years in the race to gain market share and compete with traditional taxi companies.“They’ve been able to do it because there are venture capitalists and investors that have been willing to put in mountains of money and set it on fire in the expectation that they’ll make it up on volume,” said Sam Abuelsamid, principal analyst at Navigant Research. “But so far that hasn’t happened, and I don’t see any real prospect of them getting to profitability any time soon.”That doesn’t mean Lyft and Uber are necessarily doomed for failure. Other unprofitable companies, particularly in the technology industry, have pulled off high-profile IPOs in the past and still seen their stocks perform well — as long as other key measures of success such as revenue and customer growth are rising at an impressive clip.Amazon took more than four years from its IPO to turn its first quarterly profit as CEO Jeff Bezos emphasized low prices and free shipping to get shoppers hooked on the e-commerce service. It now has a market value of nearly $900 billion, vying with Microsoft and Apple for the highest in the U.S.Short messaging service Twitter went public in 2013, even though it had an uninterrupted history of losses and remained mired in red ink for several more years after that. The company has since become profitable through cost cutting and realizing other revenue streams, but its stock price is far below its peak levels.Snap, the parent company of social networking platform Snapchat, went public in 2017 and still hasn’t turned a profit while struggling to attract more users in a pattern similar to Twitter. Its stock is now hovering around $11, a sharp drop from its IPO price of $17.On the opposite end of the tech spectrum are Google and Facebook. Both waited to launch their IPOs until they were highly profitable, and have rewarded their long-term shareholders handsomely.“Wall Street eventually is going to want to see some profitability,” said Daniel Morgan, vice president and senior portfolio manager at Synovus Trust Company. “That’s what drives stocks, is growth and earnings. Not just growth and all these statistics that they’ve come up with.”AP Technology Writer Michael Liedtke contributed to this report.Tags :ali mogharabilyftmichael liedtkeride-sharetransportationUbershare on Facebookshare on Twitteradd a commentHotel workers rally for enhanced protectionsCalifornia bills aim to counter college admissions scandalYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall8 hours agoNewsCouncil picks new City ManagerBrennon Dixson19 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter19 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor19 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press19 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press19 hours agolast_img read more

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Interview: Jasper

first_imgPowered by THEOplayer 2021.1.3Close Related ContentClose ShareJasper’s Cindy Patterson, chief customer officer at the IoT vendor, gives her views on growth of this heavily hyped market. Previous ArticleJolla confirms layoffs, restructuringNext ArticleJawbone cuts staff – report Play Video Related contentRelated contentShare VideoShare Video HomeVideoInterviews Interview: Jasper Playing onSubtitlesLanguageSettingsQualityAutomatic Automatic HDSpeedNormalQualityAutomaticSpeed0.250.5Normal1.251.52Loaded: 0%0:00Progress: 0%0:00 Progress: 0%PlayPlayMuteMuteCurrent Time 0:00/Duration Time 0:00LiveRemaining Time -0:00 Watch in VRWatch in VRdescriptions off, selectedDescriptionsSubtitlesSubtitlesUnavailable UnavailableLanguageLanguageSettingsHDSettingsFullscreenFullscreenThis is a modal window.Caption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDone AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 23 NOV 2015 UnavailableUnavailablelast_img read more

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Senate Showdown May Pave Way for Year-End Tax Deal

first_img Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. WASHINGTON – Senate Republicans derailed legislation Saturday to extend expiring tax cuts at all but the highest income levels in a political showdown that paradoxically clears a path for a compromise with the White House on steps to boost the economy.“We need to get this resolved and I’m confident we can do it,” President Barack Obama said shortly after the near party-line votes. The public must have “the peace of mind that their taxes will not go up” on Jan. 1, he added.Obama has signaled that he will bow to Republican demands for extending tax cuts at all income levels, and his remarks capped a day that lurched between political conflict and talk of compromise on an issue that played a leading role in last month’s elections.Sen. Chuck Schumer, D-N.Y., eyeing the 2012 campaign, accused Republicans of siding with “millionaires and billionaires” with their rejection of proposals that would let tax cuts passed during George W. Bush’s presidency lapse on seven-figure incomes.Republicans noted that unemployment rose to 9.8 percent last month and said it made no sense to raise taxes on anyone in a weak economy. Sen. Jon Kyl, R-Ariz., jabbed that Democrats were undergoing a “political catharsis” in public after losing control of the House and surrendering several seats in the Senate in the Nov. 2 election.But the rhetoric subsided quickly after the votes, and Senate leaders in both parties said they hoped political clashes would give way to compromise in the next several days.Kentucky Sen. Mitch McConnell, the GOP leader, said he was relatively confident there would be a deal with the White House “not to raise taxes in the middle of a recession.” He said talks were continuing on the length of an extension to be enacted for the cuts that were put in place in 2001 and 2003.Senate Majority Leader Harry Reid, D-Nev., said he hoped for an agreement by the middle or end of next week on legislation that would combine an extension of tax cuts with a renewal of expiring jobless benefits for the long-term unemployed.Officials have said that in addition to tax cuts and unemployment benefits, the White House wants to include renewal of several other tax provisions that are expiring. They include a break for lower- and middle- class wage earners, even if they don’t make enough to pay the government, as well as for college students and for companies that hire the unemployed.Obama later spoke with Reid and House Speaker Nancy Pelosi. A White House official said the president told them he was open to a temporary extension of the tax cuts if the Democratic priorities were included in the deal.Key lawmakers and administration officials have been at work negotiating the terms of a possible deal for several days.But many congressional Democrats privately have expressed anger at Obama for his willingness to surrender to Republican demands to let the tax cuts remain in place at upper incomes, and numerous officials said no compromise would be possible until they had engineered votes in both the House and Senate.Any deal would mean a reversal for Obama, who said in the 2008 presidential race and this year that he wanted to let cuts expire above incomes of $200,000 for individuals and $250,000 for couples.In the Senate, a bill to enact Obama’s original position was blocked on a vote of 53-36, seven votes short of the 60 needed to advance. Republicans were unanimous in their opposition, and were joined by Democratic Sens. Russell Feingold of Wisconsin, Joe Manchin of West Virginia, Ben Nelson of Nebraska, Jim Webb of Virginia and independent Joseph Lieberman of Connecticut.The second measure would have let taxes rise on incomes over $1 million. It appeared crafted to appeal to senators from states with large high-income populations, as well as cast Republicans as protectors of the rich.It was blocked on a vote of 53-37, also seven short of the 60 needed. A slightly different lineup of Democrats sided with Republicans, including Sens. Dick Durbin of Illinois, Tom Harkin of Iowa, Jay Rockefeller of West Virginia and Feingold. Lieberman also opposed it.The White House opposed the second measure bill, and given the president’s willingness to sign a bill to extend all the expiring tax cuts, there was never any doubt about the outcome of the day’s proceedings in the Senate.But Democrats said that even with elections nearly two years away, they intended to try and depict Republicans as defenders of the rich whose policies contribute to rising deficits.“Do we want to extend those tax breaks for millionaires and billionaires at a time of huge deficits. I would argue vociferously we shouldn’t, said Schumer.Referring to the 2012 elections, he said about Republicans: “I’m going to be here for the next year, next two years, to remind my colleagues that they were willing to increase the deficit $300 billion to give tax breaks to people who have income over a million dollars.”Republicans sounded alternately bemused and offended.“It is the most astounding theory I have ever seen. Raise taxes to create jobs,” said Sen. John Thune, R-S.D.Sen. Orrin Hatch, R-Utah, said Democrats perhaps viewed the votes as a gift to their political constituents. But, he added, “two years of wall to wall Democratic rule has only made the situation worse” in the economy.The day’s events capped a week that included a meeting at the White House at which Obama and top congressional Republicans sat down together for the first time since the elections.Both the president and GOP lawmakers pledged afterward they would try to work together for the good of the economy, and agreed to set up a small negotiating group to discuss the tax issues.The White House, Reid and Republicans have been negotiating quietly, and McConnell made a point of saying he had been in frequent touch with the administration in recent days.In addition to tax cuts, Obama has made ratification of a new arms control treaty with Russia a priority of the postelection session of Congress, reducing his leverage with Republicans in the struggle over taxes.Senior Senate Republicans have indicated they will not try to interfere with a debate on the issue as long as government spending and tax cut issues have been resolved to their satisfaction.A two-thirds majority is required for ratification, meaning the White House will need the support of at least nine Republicans to prevail. Vice President Joseph Biden and other officials have been involved in talks with several GOP senators in hopes of lining up the votes needed. Emaillast_img read more

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EPA Concerns Intensify Over Transboundary Mining Pollution

first_img Email New information surrounding mining operations in British Columbia’s Elk River Valley has “further heightened” the concerns of environmental regulators investigating the water quality downstream in Lake Koocanusa and the Kootenai River watershed, where hazardous materials continue to leach from Canadian coal mines even as those operations move forward with planned expansions and untested water treatment technologies.In a February letter from the U.S. Environmental Protection Agency, regional administrators pressed Canadian environmental officials to address water quality studies indicating that the Kootenai River downstream of Libby Dam is being affected by pollutants from coal mines in British Columbia’s Elk River Valley, and to disclose additional information on its plans to treat the contamination while permitting mining expansions.“New information that has recently become available has further heightened EPA’s ongoing concerns regarding water quality in Lake Koocanusa and the Kootenai watershed,” according to the letter, which refers to a study detailing the discovery of mining pollutants in fish and fish eggs in the Kootenai River. “The study provides validated information that is concerning to U.S. agencies and our state and tribal partners, and additional study may confirm and expand these troubling findings.”The findings come as the largest diversified mining company in Canada, Teck Resources Limited, expands its operations under a plan that acknowledges it will continue to exceed water quality standards, and which B.C. environmental regulators have approved.“The EPA is concerned about this projection and finds it unacceptable that the province has accepted [a plan] that will allow continued seasonal exceedances of water quality objectives into the future,” the letter states, adding that it has been seven years since a ministerial order set a goal to “stabilize and reverse increasing trends in water contaminant concentrations” in the Elk River Valley.Adding to its concerns, the EPA complained that Teck no longer intends to implement its original water quality plan, but will instead rely on a new water treatment technology that remains unproven.“Given that modeling results show U.S. and Canadian waters will continue to be adversely impacted by pollutants from Elk Valley mines, this proposed change has significant implications and raises serious concerns for the U.S. Government including federal agencies responsible for monitoring and protecting water quality,” the letter states.Concerns have spiked in both countries in recent years and attention has intensified on the Elk Valley drainage in southeastern British Columbia and on Teck, the Vancouver-based global mining giant that operates four world-class steelmaking coal mines across the border from Montana.The heavy scrutiny is centered on increasing amounts of contamination from coal waste byproducts leaching into the Elk River and its many tributaries, which drain into two bodies of water shared by B.C. and Montana: Koocanusa and the Kootenai River.Samples of fish species and water quality taken from Lake Koocanusa and other monitoring sites in the Elk basin have revealed heightened levels of selenium, cadmium, nitrate and sulphate from decades of coal mining activity.Selenium is a naturally occurring element that can become highly toxic when present in elevated concentrations. It’s known to cause deformities in fish eggs, incidents of which have been documented in the Elk and Kootenai watersheds.Recent studies, including a damning report by researchers at the Flathead Lake Biological Station, along with data samples taken locally, have prompted worries about long-term impacts to the entire watershed and its resident wildlife.For Teck, work to stanch the flow of contaminants in prized watersheds shared by both countries includes launching six new treatment projects at its mines over the next decade, an ambitious effort that company officials say is costing hundreds of millions of dollars.“The next 10 years is a pretty busy time for Teck as we work to get all that treatment online,” Carla Fraser, a Teck representative, told members of the Lake Koocanusa Selenium Technical Subcommittee, who gathered last fall for a two-day conference in Whitefish. “It’s going to require significant efforts.”Those efforts dovetail with work by the Montana Department of Environmental Quality (DEQ) to finalize site-specific criteria for selenium in Lake Koocanusa, a standard that still has not been adopted despite levels of contamination already exceeding the recommended criteria established by the EPA.The call for action has gained urgency on the heels of the EPA study referenced in the letter, part of a collaboration among federal, state and tribal agencies to assess the Kootenai River watershed.“These data indicate upstream activities may be affecting water quality and aquatic resources in Montana and Idaho,” EPA Regional Administrator Gregory Sopkin said. “The results, particularly selenium impacts to fish, underscore the need for a more detailed understanding of water quality and continued collaboration to protect Lake Koocanusa and the Kootenai River.”Meanwhile, new reports show cutthroat trout populations in the upper Fording River, another tributary of the Elk River, have begun to collapse.The results of the 2019 Westslope Cutthroat Trout fish counts were 74% lower for juveniles and 93% lower for adults than the 2017 counts in the Fording River upstream of Josephine Falls, according to Dave Hadden, executive director of Headwaters Montana. Fish counts for juveniles were 96% lower in Harmer Creek and 25% lower in Grave Creek, while fish counts for adults were 26% lower in Harmer Creek and 25% lower in Grave Creek compared to 2018 counts. Harmer and Grave Creeks are located in watersheds adjacent to Teck’s Line Creek and Elkview Operations and flow into the Elk River just south of the confluence of the Elk and Fording Rivers. Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.last_img read more

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More hospital wards close in Derry due to winter vomiting bug

first_img Pinterest Hospitalisations rise as Donnelly suggests masks will stay ’til autumn WhatsApp Facebook More hospital wards close in Derry due to winter vomiting bug Donegal hoteliers enjoy morale boost as bookings increase Six hospital wards in Derry are now closed due to the norovirus also known as the winter vomiting bug.Admissions to Altnagelvin hospitals surgery, care of the elderly and urology wards have been suspended while intake to the city’s Waterside hospital has also been put on hold.It’s understood that control measures have been put place in a bid to stop the virus from spreading.Local Councillor Kevin Campbell says it’s a worrying situation:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/12/kevincampbell530.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Homepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Twitter Twitter Pinterestcenter_img 45 new social homes to be built in Dungloe WhatsApp Disruption to cancer service will increase mortality – Oncologist Consultation launched on proposal to limit HGV traffic in Clady Today is the 30th anniversary of Eddie Fullerton’s murder Previous articleDaryl Gurney to find out his next opponent at World Darts tonightNext articleAntenatal Clinic in Dungloe Community Hospital to be restored in New Year admin Facebook Google+ By admin – December 21, 2016 Google+last_img read more

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Group Exhibition Narrative and Identity, NY

first_img August 31, 2010 Published by Site Default +1 Similar Stories Group Exhibition Narrative and Identity, NY Tweet Reddit Legal Trainee, Budapest → Pocket Deadline: 15/09/2010The AC Institute’s mission is to advance the understanding of the arts through investigation, research and education. It is a lab and forum for experimentation and critical discussion.There is an open call for their group exhibition about narrative and identity.“Most people are other people. Their thoughts are someone else’s opinions, their lives a mimicry, their passions a quotation.”Oscar WildeFor the first group show of 2011, February 3 – March 12, curated by Nicole Bebout and Sonja Hofstetter, The AC Institute seeks to investigate the ways in which narrative is used by contemporary artists to construct or demolish our ideas of self and other. Whether through guerrilla-like disruption, ambiguity or fantasy inspired story-telling, the AC Institute is seeking artists who see narrative as essential to their artistic identity.EligibilityFocusing on experimental, installation, and new media work, AC seeks submissions from contemporary artists, and others, working in any medium. Artists are encouraged to submit work either already existing or as-yet unrealized that addresses the interlocking questions of narrative and identity; either at the level of social practice, contemporary representation, or both.ApplicationEmail submissions should be sent to [email protected] by September 15th, 2010. Please include the following in the body of your message (not as attachments):A short description and/or images of the work you are proposing for our spacesYour standard CV and contact informationLinks to your website or other sites where materials could be viewed, if possibleVisit the official website for further information LinkedIn 0 Share 0 Leave a Reply Cancel ReplyYou must be logged in to post a comment. ← Migration and Youth in Europe, Budapestlast_img read more

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LA County ordered to shut indoor dining for 3 weeks as Covid cases climb

first_imgShare on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink An illustration of Gov. Gavin Newsom (Credit: Justin Sullivan/Getty Images)With coronavirus cases on the rise again, Gov. Gavin Newsom has ordered Los Angeles County to shut indoor dining at restaurants for three weeks, another blow to business owners following the recent reopenings.Newsom’s order on Wednesday took effect immediately and includes 19 counties throughout the state, according to the Los Angeles Times. The governor also ordered movie theaters to close, along with wineries, zoos and museums, all of which had been recently reopened.Restaurants will be restricted to takeout, delivery, and outdoor dining, according to Eater. Restaurants reopened for limited capacity indoor dining at the end of May, about a month ago. They were first ordered to close in mid-March in response to a spreading coronavirus.The move follows a similar directive in New York City on Wednesday, where officials slammed the brakes on a planned indoor dining reopening that had been only days away.ADVERTISEMENTRising cases of Covid-19 and hospitalizations in L.A. County are reversing what had been a steady pace of reopenings in L.A. County. Bars were open for just 10 days before Newsom ordered them to close again on Monday. That followed a county announcement that revealed about half of the bars and a third of restaurants had not been abiding by social distancing measures over the last several days. It also found that more than half the employees at bars and nearly that many at  restaurants were not wearing face masks, according to the Times.L.A. County officials also closed beaches for the Fourth of July weekend, which some had feared could bring a wave of infections.The L.A. County Department of Public Health reported 2,779 new cases of Covid-19 on Tuesday, making it the third straight day with more than 2,100 new cases reported. [LAT, Eater] — Dennis Lynch Share via Shortlinkcenter_img TagsCoronavirushospitalityRestaurantslast_img read more

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Progress in Covid-19 vaccine development

first_imgFacts: No effective vaccine for Covid-19 is developed yet.Safe and effective vaccines might take 12 – 18 months, according to experts.Over 100 vaccine programs are under progress worldwide.30 countries participated in funding for Covid-19 vaccine development, contributing more than $8bn.Federal government-funded $450 million to Janssen pharmaceuticals India, a research branch of Johnson and Johnson for Covid-19 vaccine development.Impact: The unprecedented outbreak of Covid-19 draw response action globally. WHO responded by an R&D blueprint, focusing on therapeutic response, accelerated vaccine development strategies and headstrong diagnostics. WHO declared Covid-19 as a Public Health Emergency of International Concern (PHEIC) on January 30, 2020. Since then, strong actions to access current knowledge on the subject, raising high priority research funding and better communication among the research community have been a priority.At least four different approaches for vaccine development are under research currently. During research under Janssen pharmaceuticals, a vaccine prototype protecting monkeys (rhesus macaques) was developed. Neutral antibodies were produced against Coronavirus, targeting spike proteins covering the viral surface. This antibody load reduced and eliminated the infection successfully in monkeys. However, similar results in humans are not guaranteed.Department of Biotechnology (DBT) is funding support for vaccine and drug development under National Biopharma Mission, India. Many companies are working at a high pace for vaccine development. Glenmark Pharmaceuticals was the first company to undergo clinical trials in India. In Bengaluru, Strides Pharma Ltd. Received approval for clinical trials for Favipiravir drug to combat Covid-19. However, no positive results are reported. Bharat pharmaceuticals have successfully entered in the human trials stage. There is a running claim that vaccine will be out by 15 August, however, there is no confirmation.Hydroxychloroquine sulphate is also under research, considered to be a potential source of vaccine and therapeutic use by experts. FDA hasn’t approved it for Covid-19 treatment. Oxford University England is all set to produce a vaccine prototype for emergency circumstances earlier by September. The latest research focuses on plasma-based antibody extraction for vaccine development. The viral pathogen cluster change, reported by China, is a major backfall for researchers.The vaccines in trial stages can reduce viral load, however, mucus membranes are not protected. A step forward to neutralize Covid-19 was establishing that once cured, chances of reinfection are minimal. A successful vaccine will boost immunity, leading to a life without face masks again. Tracking infection, social distancing, proper hygiene and clean surfaces are necessary precautions to control Covid-19, till an effective and efficient vaccine is developed.last_img read more

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SSR death case: Full Circle

first_imgSo we come full circle…put the blame on the girl, Rhea Chakraborthy! So convenient for everyone! The family has come out and said that Rhea Chakraborthy is to blame.All these weeks we were hearing only one word- NEPOTISM. Now that word has disappeared from the pages of time as though it never existed. So was there never any nepotism? Was Sushant’s begging his fans to watch movies like Sonchariya fake? Was his contract with the Chopras which made his reject Sanjay Leela Bhansali’s films wrong? Are claims by Kangana Ranaut wrong? All that remains to be seen in the criminal investigation that will follow.But to put the entire blame of this gory saga on the shoulders of a lesser-known starlet like Rhea Chakraborthy is fishy. It seems as though everyone wants a piece of this dear boy. Someone portrays a Bihar angle and another one portrays an astronomer angle. Someone says he was an IIT topper and another one says a patient of depression. People have ripped apart his private life, his room, his dog. There were no clothes in his room, he hung himself in the guest room says one. Does the other one say no hanging takes place with a green kurta (would they have preferred a blood-red kurta)? The other one says the strip of anti-depressant was un-opened and he had absolutely no appointment with either a psychiatrist or psychologist. Some have planned a great party on that fateful night, where his drinks were spiked. Others claim he changed his SIM card close to 15 times because he was ‘under threat’.From whom? For what?For God’s sake, was he the only one new in the industry? Look at Ayushman Khurana, Vicky Kaushal, Rajkumar Rao, Kartik Aaryan! Were they not new in the industry? Did they not face the same trials and tribulations and challenges that Sushant did? Did they not go through the same struggles that Sushant did? They did not become nervous wrecks that people claim Sushant did. And why would Sushant turn into a nervous wreck? For anyone who has given the IIT entrance exam would no the struggle, hard work and grit one needs to crack the entrance exam. And Sushant not only cracked it, but he also got the 7th rank. So this is not a weak-minded sissy we are talking about. Sushant was an intelligent, sorted boy.So for his family to say Rhea told him there were ghosts in the house and he readily agreeing to shift sounds foolish and weird. His agreeing to her every whim and fancy like a lap dog puppy weirder still. Rhea was not Sushant’s first girlfriend! He was a charmer and had had several girlfriends before her. He was a mature, sane individual who knew his way with the world.His career graph showed that he was slowly on his way to the top. Shah Rukh Khan didn’t become King Khan by fluke overnight; he made the right choices and got there by courage, determination, grit and hard work. Sushant Singh Rajput was the next Shah Rukh Khan, apart from being his idol he was proving it by every movie he did. Dashing good looks, svelte body, pleasing demeanour and hard work, he had it all. So it was just a matter of time before he reached the top.So dear readers,  take a moment out to think of Rhea Chakraborthy and the family claims. Really? Seriously? Do you all really believe it? Let’s not be so quick to shift the blame unless and until the entire investigation is complete.And in the end, let bygones be bygones. The poor lad is DEAD. Let him rest in peace. Jai Sri Krishna.last_img read more

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New video appears to show moments before George Floyd was pinned to ground

first_imgHennepin County Jail By MEREDITH DELISO, ABC News(NEW YORK) — Investigators are looking into a new video that appears to show the moments before George Floyd was pinned to the ground and died.On May 25, four Minneapolis Police Department officers responded to a 911 call reporting that Floyd had allegedly used a fake $20 bill to make a purchase at a local Cup Foods. About 20 minutes later, Floyd was pronounced dead following an encounter with police.The new video shows one officer leaning into the police car and scuffling with Floyd, who can’t be seen. The video was taken by a camera at the Cup Foods.The new footage comes in the wake of a viral, 10-minute cellphone video by a bystander that sparked protests across the nation. In it, former officer Derek Chauvin is seen pinning Floyd to the ground with his knee pressed into Floyd’s neck. In the video, Floyd can be heard repeatedly saying, “I can’t breathe.”Floyd had complained of being “claustrophobic” and having troubling breathing before he was wrestled onto the pavement face first, according to the arrest warrant.Chauvin was arrested on Friday and charged with third-degree murder and second-degree manslaughter in the death of Floyd.A complaint released by prosecutors on Friday claims that Chauvin had his knee on Floyd’s neck for a total of 8 minutes and 46 seconds, including two minutes and 53 seconds of which Floyd was non-responsive.The Hennepin County Medical Examiner’s autopsy “revealed no physical findings that support a diagnosis of traumatic asphyxia or strangulation,” according to the complaint.On Friday, attorneys for Floyd’s family announced they were going to conduct an independent autopsy.On Sunday afternoon, Chauvin was booked into the Hennepin County Jail, after being transferred from the Ramsey County Jail. Later that day he was again moved to the state prison in Oak Park Heights, Minnesota, over COVID-19 and crowding concerns. His first court appearance is scheduled for June 8 at 2:30 p.m. ET.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

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