50 jili com Stock market today: Stocks climb to record highs as Fed members point to December rate cut

ALTOONA, Pa. (AP) — The suspect in the killing of UnitedHealthcare’s CEO struggled with deputies and shouted Tuesday while arriving for a court appearance in Pennsylvania, a day after he was arrested at a McDonald’s and charged with murder. Luigi Nicholas Mangione emerged from a patrol car, spun toward reporters and shouted something partly unintelligible referring to an “insult to the intelligence of the American people” while deputies pushed him inside. Prosecutors were beginning to take steps to bring Mangione back to New York while new details emerged about his life and how he was captured. The 26-year-old Ivy League graduate from a prominent Maryland real estate family was charged with murder hours after he was arrested in the Manhattan killing of Brian Thompson , who led the United States’ largest medical insurance company. At the brief hearing, defense lawyer Thomas Dickey informed the court that Mangione will not waive extradition to New York but instead wants a hearing on the issue. Mangione was denied bail after prosecutors said he was too dangerous to be released. Mangione, wearing an orange prison jumpsuit, mostly stared straight ahead at the hearing, occasionally consulting papers, rocking in his chair or looking back at the gallery. At one point, he began to speak to respond to the court discussion but was quieted by his lawyer. A law enforcement bulletin obtained by The Associated Press said that at the time of his arrest, Mangione was carrying a handwritten document expressing anger with what he called “parasitic” health insurance companies and a disdain for corporate greed and power. He wrote that the U.S. has the most expensive health care system in the world and that profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin. In social media posts, Mangione called “Unabomber” Ted Kaczynski a “political revolutionary," according to the police bulletin. Kaczynski carried out a series of bombings while railing against modern society and technology. Mangione remained jailed in Pennsylvania, where he was initially charged with possession of an unlicensed firearm, forgery and providing false identification to police. Manhattan prosecutors have obtained an arrest warrant, a step that could help expedite his extradition from Pennsylvania. Mangione was arrested in Altoona, Pennsylvania — about 230 miles (about 370 kilometers) west of New York City — after a McDonald's customer recognized him and notified an employee, authorities said. Officers found him sitting at a back table, wearing a blue medical mask and looking at a laptop, according to a Pennsylvania police criminal complaint. He initially gave them a fake ID, but when an officer asked Mangione whether he’d been to New York recently, he “became quiet and started to shake,” the complaint says. When he pulled his mask down at officers' request, “we knew that was our guy,” rookie Officer Tyler Frye said. Images of Mangione released Tuesday by Pennsylvania State Police showed him pulling down his mask in the corner of the McDonald's while holding what appeared to be hash browns and wearing a winter jacket and beanie. In another photo from a holding cell, he stood unsmiling with rumpled hair. New York Police Commissioner Jessica Tisch said Mangione was carrying a gun like the one used to kill Thompson and the same fake ID the shooter had used to check into a New York hostel, along with a passport and other fraudulent IDs. NYPD Chief of Detectives Joseph Kenny said Mangione also had a three-page, handwritten document that shows “some ill will toward corporate America." A law enforcement official who wasn’t authorized to discuss the investigation publicly and spoke with The Associated Press on condition of anonymity said the document included a line in which Mangione claimed to have acted alone. “To the Feds, I’ll keep this short, because I do respect what you do for our country. To save you a lengthy investigation, I state plainly that I wasn’t working with anyone,” the document said, according to the official. It also had a line that said, “I do apologize for any strife or traumas but it had to be done. Frankly, these parasites simply had it coming.” Thompson, 50, was killed last Wednesday as he walked alone to a Manhattan hotel for an investor conference. Police quickly came to see the shooting as a targeted attack by a gunman who appeared to wait for Thompson, came up behind him and fired a 9 mm pistol. Investigators have said “delay,” “deny” and “depose” were written on ammunition found near Thompson's body. The words mimic “delay, deny, defend,” a phrase used to criticize the insurance industry . From surveillance video, New York investigators determined the shooter quickly fled the city, likely by bus. A grandson of a wealthy, self-made real estate developer and philanthropist, Mangione is a cousin of a current Maryland state legislator. Valedictorian at his elite Baltimore prep school, he went on to earn undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a spokesperson said. “Our family is shocked and devastated by Luigi’s arrest,” Mangione’s family said in a statement posted on social media late Monday by his cousin, Maryland Del. Nino Mangione. “We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.” From January to June 2022, Luigi Mangione lived at Surfbreak, a “co-living” space at the edge of touristy Waikiki in Honolulu. Like other residents of the shared penthouse catering to remote workers, Mangione underwent a background check, said Josiah Ryan, a spokesperson for owner and founder R.J. Martin. “Luigi was just widely considered to be a great guy. There were no complaints,” Ryan said. "There was no sign that might point to these alleged crimes they’re saying he committed.” At Surfbreak, Martin learned Mangione had severe back pain from childhood that interfered with many aspects of his life, from surfing to romance, Ryan said. Mangione left Surfbreak to get surgery on the mainland, Ryan said, then later returned to Honolulu and rented an apartment. Martin stopped hearing from Mangione six months to a year ago. ___ Scolforo reported from Altoona and Hollidaysburg, Pennsylvania. Contributing were Associated Press writers Cedar Attanasio and Jennifer Peltz in New York; Michael Rubinkam and Maryclaire Dale in Pennsylvania; Lea Skene in Baltimore; and Jennifer Sinco Kelleher in Honolulu.

AP Trending SummaryBrief at 3:42 p.m. ESTNEW YORK (AP) — U.S. stock indexes fell Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.5% for its fourth loss in the last six days. It’s a pause for the index, which has been rallying toward one of its best years of the millennium . Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Zeta Global Holdings Corp. (NYSE: ZETA) resulting from allegations that Zeta Global may have issued materially misleading business information to the investing public. So What: If you purchased Zeta Global securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=31333 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. What is this about: On November 13, 2024 , Culper Research published a report entitled "Zeta Global Holdings Corp ZETA: Shams, Scams, and Spam." (the "Report"). The Report raised concerns about the company's reported financials. In addition, Culper Research announced that it believed that "Zeta has quietly spun up its own network of consent farms i.e., sham websites that hoodwink millions of consumers each month into handing their data over to Zeta under false pretenses, baited by job applications, stimulus money, or other rewards that simply do not exist." On this news, Zeta Global's stock price fell 37.1% on November 13, 2024 . Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/rosen-law-firm-encourages-zeta-global-holdings-corp-investors-to-inquire-about-securities-class-action-investigation--zeta-302314487.html SOURCE THE ROSEN LAW FIRM, P. A.

New Orange County Supervisor Sworn in Early to Replace Andrew Do

Trump encounters Senate GOP limits with failed Gaetz AG pushWASHINGTON (AP) — Nearly 100 former senior U.S. diplomats and intelligence and national security officials have urged Senate leaders to schedule closed-door hearings to allow for a full review of the government's files on former Rep. Tulsi Gabbard , Donald Trump's pick to be national intelligence director. The former officials, who served in both Democratic and Republican administrations, said they were “alarmed” by the choice of Gabbard to oversee all 18 U.S. intelligence agencies. They said her past actions “call into question her ability to deliver unbiased intelligence briefings to the President, Congress, and to the entire national security apparatus.” A spokesperson for Gabbard on the Trump transition team on Thursday denounced the appeal as an “unfounded” and “partisan” attack. Among those who signed the letter were former Deputy Secretary of State Wendy Sherman, former NATO Deputy Secretary General Rose Gottemoeller, former national security adviser Anthony Lake, and numerous retired ambassadors and high-ranking military officers. They wrote to current Democratic Senate Majority Leader Chuck Schumer and incoming Republican Majority Leader John Thune on Wednesday to urge the closed briefings as part of the Senate's review of Trump's top appointments. They urged that Senate committees “consider in closed sessions all information available to the U.S. government when considering Ms. Gabbard’s qualifications to manage our country’s intelligence agencies, and more importantly, the protection of our intelligence sources and methods.” The letter singles out Gabbard's 2017 meetings in Syria with President Bashar Assad, who is supported by Russian, Iranian and Iranian-allied forces in a now 13-year war against Syrian opposition forces seeking his overthrow. The U.S., which cut relations with Assad's government and imposed sanctions over his conduct of the war, maintains about 900 troops in opposition-controlled northeast Syria, saying they are needed to block a resurgence of extremist groups. Gabbard, a Democratic member of Congress from Hawaii at the time of her Syria trip, drew heavy criticism for her meetings with a U.S. adversary and brutal leader. As the letter notes, her statements on the wars in the Middle East and Ukraine have aligned with Russian talking points , diverging from U.S. positions and policy. Gabbard throughout her political career has urged the U.S. to limit military engagement abroad other than combatting Islamic extremist groups. She has defended the Syria trip by saying it is necessary to engage with U.S. enemies. In postings on social media earlier this year she confirmed that the U.S. had for a time placed her “on a secret terror watch list” as a “potential domestic terror threat.” She blamed political retaliation. Neither she nor U.S. authorities have publicly detailed the circumstances involved. Alexa Henning, a spokesperson for Gabbard with the Trump team, called the letter sent to the Senate leaders “a perfect example” of why Trump chose Gabbard for this position. “These unfounded attacks are from the same geniuses who have blood on their hands from decades of faulty ‘intelligence,’" and use classified government information as a "partisan weapon to smear and imply things about their political enemy," Henning said. A spokesperson for Thune did not immediately respond to questions about the request.

By JOEL DABAO As we prepare for 2025, one question looms large: Are we ready to ride the next wave of technology, particularly artificial intelligence (AI)? While AI continues to evolve and promises transformational change, its true potential hinges on two critical factors: digital literacy and functional literacy. For the Philippines, where connectivity is expanding but stark disparities persist, these challenges represent both an opportunity and an urgent call to action. Granted, the "killer business application" of AI has yet to be invented. However, the initial wave of generative AI (GenAI) solutions is already boosting productivity across various industries. The eventual game-changing AI application will undoubtedly depend on two things that, surprisingly, remain significant challenges even in 2024: digital literacy and functional literacy. Digital literacy is crucial for unlocking the benefits of technology, yet it remains unevenly distributed. While technology adoption rates are at all-time highs, the further one ventures from city centers, the lower the levels of digital literacy. In rural areas, where internet access is often sparse, smartphones are primarily used as media players. People download content in areas with connectivity and consume it offline, limiting their appreciation of technology to tapping icons on user-friendly interfaces. While this current situation demonstrates the potential for technology to enrich rural communities, the reality falls short of the possibilities. A wealth of educational content is readily available online, but interventions are needed to help communities understand that the internet can offer much more than social media or entertainment. Furthermore, as cyber threats grow increasingly sophisticated, efforts must also focus on equipping users with the skills to navigate the digital world safely and responsibly. Even more alarming is the challenge of functional literacy. Many Filipino high school students are reading and writing at a fourth-grade level. This puts them at a tremendous disadvantage in pursuing higher education or entering the workforce, where literacy is a fundamental skill. As generative AI continues to influence nearly all industries, the ability to type coherent prompts and interpret AI-generated outputs will be essential. While voice-activated applications are being developed, the core interaction with these technologies still relies heavily on reading and writing proficiency. Without foundational literacy skills, a significant portion of the population risks being excluded from the opportunities that AI and digitalization can offer. What is touted as the next wave of technological development could inadvertently widen the gap between the digitally empowered and the digitally excluded. I have always believed that digitalization can be a great equalizer, enabling a developing nation to close the gap with its more developed counterparts. But this vision can only become reality if access to connectivity is widespread, devices are affordable, and the population is equipped to make the most of these tools. While various stakeholders—from government to private organizations and NGOs — are making strides to address these gaps, the pace of technological advancement demands more concerted efforts. Promoting both functional and digital literacy must become a national priority, ensuring that every Filipino has the skills to navigate, adapt to, and thrive in the age of AI. By working together, we can ensure that no one is left behind as we ride the next wave of technology. Let us move forward with a collective resolve to equip our population with the tools and skills they need to shape a brighter, more inclusive future. Mr. Joel Dabao is the President of Kabankalan Community Antenna Television (K-CAT Inc.) and the subcom Vice Chair of the FINEX Night of the FINEX Week Committee. The views and opinions expressed above are those of the author and do not necessarily represent the views of FINEX.Garden enemy Trae Young out to shoot Hawks past Knicks in NBA Cup

Why queer characters often feel ‘too safe’Elon Musk's Ex Grimes Makes a Bold Claim Against Him Amid Political AscentHEXstream and Oracle Optimizing Oracle Energy and Water Data IntelligenceFishburn leads at Sea Island as Dahmen keeps hope alive to keep job

Israel said Tuesday it had bombed more than 350 military sites in Syria during the previous 48 hours, targeting “most of the strategic weapons stockpiles” in the country. Israeli Prime Minister Benjamin Netanyahu said the wave of airstrikes in neighboring Syria was necessary to keep the weapons from being used against Israel following the Syrian government’s stunning collapse . Israel also acknowledged its troops were pushing into a border buffer zone inside Syria, which was established after the 1973 Mideast war. However, Israel denied its forces were advancing Tuesday toward the Syrian capital of Damascus. Life in the capital was slowly returning to normal after jihadi-led Syrian insurgents ousted President Bashar Assad over the weekend. People celebrated for a third day in a main square, and shops and banks reopened. The United States said Tuesday it would recognize and support a new Syrian government that renounces terrorism, destroys chemical weapons stocks and protects the rights of minorities and women. Syria's nearly 14-year civil war killed nearly half a million people and displaced half of the country’s prewar population of 23 million, becoming a proxy battlefield for regional and international powers. Here's the Latest: BEIRUT — Insurgents who overthrew the Syrian government now say they have wrested control of the eastern city of Deir el-Zour after intense battles with a Kurdish-led, U.S.-backed force. Syria’s rebel military command announced Tuesday evening that they had completely captured the city of Deir el-Zour. A member of the jihadi group Hayat al-Tahrir, which leads the insurgent alliance, said in a recorded video that the group would soon conduct a thorough sweep of the city’s neighborhoods to secure the area, adding that the strategic nearby town of Boukamal has also fallen to opposition forces. “We will advance toward Raqqa and Hasakah and other areas in eastern Syria,” the HTS fighters said. The Kurdish-led Syrian Democratic Forces had only held the city for a few days. The SDF said it deployed to Deir el-Zour and west of the Euphrates River on Friday, replacing Syrian government forces. At the time, the SDF said its fighters were not in control of the Boukamal border crossing with Iraq. Earlier Tuesday, the top U.S. military commander for the Middle East was in eastern Syria for meetings with the SDF. It wasn’t clear if he met with SDF leader Mazloum Abdi. BEIRUT — Syria’s transitional government will made up of members from the rebel-led administration that ruled an insurgent stronghold in the country's northwest, the new prime minister said Tuesday, who called the task “a great challenge.” The caretaker Syrian government, which will oversee the country’s affairs until March, held its first meeting Tuesday since overthrowing former President Bashar Assad. It was attended by the departing Prime Minister Mohammad Ghazi Jalali and other ministers along with new Prime Minister Mohammed al-Bashir. He had led the so-called “salvation government” in areas controlled by rebel groups — led by Hayat Tahrir al-Sham, or HTS — that have taken control of much of the country. “We were tasked by the general command with managing the affairs of the Syrian government during a transitional period,” Bashir said in a statement following the meeting in Damascus. He added that he hopes ministers in the former Syrian government will assist the new government during this transitional period. “The caretaker government was formed from a number of ministers of the revolutionary government, which is the Syrian Salvation Government, and this government is a temporary caretaker government that will last until March 2025, until the constitutional issues are resolved,” Bashir said. The insurgent alliance is led by a former senior al-Qaida militant , Abu Mohammed al-Golani, who cut ties with the extremist group years ago and has promised representative government and religious tolerance. SAYDNAYA, Syria — Tens of thousands came to Saydnaya Prison from all over Syria after the fall of former President Bashar Assad to search for their loved ones. The place so notorious for its horrors was long known as “the slaughterhouse.” For the past two days, all have been looking for signs of loved ones who disappeared years or even decades ago into the secretive, sprawling prison just outside Damascus. But hope gave way to despair Monday. People opened the heavy iron doors lining the hallways to find cells inside empty. With sledgehammers, shovels and drills, men pounded holes in floors and walls, looking for what they believed were secret dungeons, or chasing sounds they thought they heard from underground. They found nothing. Insurgents freed dozens of people from the Saydnaya military prison on Sunday when Damascus fell. Since then, almost no one has been found. “Where is everyone? Where are everyone’s children? Where are they?” said Ghada Assad, breaking down in tears. An estimated 150,000 people were detained or went missing in Syria since 2011 — and tens of thousands of them are believed to have gone through Saydnaya. WASHINGTON — The top U.S. military commander for the Middle East was on the ground in Syria on Tuesday, meeting with a Kurish-led, U.S.-allied force at several bases in the country's east, U.S. Central Command said. Army Gen. Erik Kurilla visited with U.S. military commanders and troops as well as the Kurdish-led Syrian Democratic Forces. It wasn’t clear if he met with SDF leader Mazloum Abdi, and U.S. Central Command did not respond to a request for details about his visit or with whom he met. U.S. officials said they did not know what his message to the SDF was. The U.S has about 900 troops in Syria, including forces working with Kurdish allies in the northeast to prevent any resurgence of the Islamic State group. In a press release, Central Command said Kurilla received an “assessment of force protection measures, the rapidly evolving situation, and ongoing efforts to prevent ISIS from exploiting the current situation.” Kurilla then went on to Iraq where he met with leaders in Baghdad. UNITED NATIONS – The United Nations says it still getting reports about the looting of warehouses with humanitarian aid in a number of areas in Syria, including around the capital Damascus. U.N. spokesman Stephane Dujarric told reporters Tuesday that U.N. agencies and their partners are working to identify the extent of looting at the warehouses, including those of U.N. agencies and the Syrian Arab Red Crescent. Dujarric said U.N. aid officials report that “the humanitarian situation remains volatile across Syria, with reports of people continuing to be displaced.” Humanitarian officials reported that 25 trucks carrying U.N. aid crossed from Turkey to northwest Syria, which the situation is now relatively calm, the U.N. spokesman said. All 11 receptions opened in Idlib in the northwest to host newly displaced families were empty as of Monday, Dujarric said. In the northeast, he said, authorities report that as of Tuesday 100,000 people have been displaced due to fighting in Tal Rifaat and other parts of Aleppo governorate. Dujarric said the U.N.’s partners report that “reception centers in Tabqa and Raqqa have reached full capacity, and more than 200 sites – including municipal buildings, schools, mosques, and stadiums – are being used to accommodate newly displaced people.” BEIRUT — The Lebanese army said Tuesday that “unidentified gunmen” crossed the border from Syria into eastern Lebanon's Bekaa province and approached a Lebanese border post. In a statement, the army said the gunmen fired into the air and seized equipment from an evacuated Syrian army post in the outskirts of Kfar Fouq, near Rashaya al-Wadi, in the western part of Bekaa province. Lebanese army personnel responded with warning shots, forcing the group to retreat back into Syrian territory. The Lebanese army did not report any injuries or provide further details about the identity of the gunmen. WASHINGTON — Yemen’s Houthi rebels launched multiple drones and a missile at three commercial ships being escorted in the Gulf of Aden by U.S. Navy ships, a U.S. official said Tuesday. There was no damage and no injuries. The official, who spoke on condition of anonymity to discuss military operations, said U.S. Navy destroyers, and Navy helicopter and a French Air Force aircraft shot down four of the drones and the missile. The three U.S. affiliated flagged ships were sailing east toward Djibouti. The Iran-backed Houthis have targeted shipping through the key waterway for more than a year, attacks they say are meant to force an end to Israel’s war against Hamas in Gaza. JERUSALEM — Israel’s military said it bombed more than 350 sites in Syria during the previous 48 hours, targeting “most of the strategic weapons stockpiles” in the country. There is concern that, with the sudden collapse of the Syrian government, weapons stockpiles could be seized by jihadi militants. Warplanes hit what Israel said were Syrian air defense systems, military airfields, missile depots, and dozens of weapons production sites in the cities of Damascus, Homs, Tartus, Latakia, and Palmyra, the Israeli army statement said. In naval operations overnight Monday, Israeli missile ships struck two Syrian navy facilities simultaneously — Al-Bayda port and Latakia port — where the army said 15 Syrian naval vessels were docked. Israeli did not specify how many Syrian naval vessels were hit. The private security firm Ambrey said it had seen evidence that at least six Soviet-era Syrian navy missile ships were hit. Israeli officials said earlier that Israel also targeted alleged chemical weapons sites. JERUSALEM — Israeli Prime Minister Benjamin Netanyahu confirmed Tuesday that his country’s military launched a wave of airstrikes across Syria to destroy the toppled government’s leftover “military capabilities,” and said Israel wants relations with the new government emerging Syria. Hours after Israeli warplanes pounded Syria, Netanyahu said Israeli doesn’t want to meddle in Syria’s internal affairs, but would take necessary steps to protect Israel's security and prevent jihadi militants from seizing the Syrian army assets. He warned that if the new Syrian government “allows Iran to re-establish itself in Syria or allows the transfer of Iranian weapons or any other weapons to Hezbollah, or attacks us -- we will respond forcefully and we will exact a heavy price from it.” He spoke in a video statement recorded at the Kirya military headquarters in Tel Aviv, after his first day of testimony in his corruption trial. DAMASCUS, Syria — In Umayyad Square in Damascus, Syrians celebrated the fall of President Bashar Assad for the third day on Tuesday despite Israeli airstrikes across the country. Insurgents who recently took control of the capital city tried to impose a new rule banning the celebratory gunfire. There were a few violators, and much less deafening gunfire. Protesters climbed the square's central monument to wave the Syrian revolutionary flag. On the ground, crowds chanted: “Out with Bashar! Out with Bashar!” Assad fled to Russia over the weekend after a lightning rebel offensive toppled his brutal police state. Demonstrators from different provinces marched in the square in groups, celebrating Assad's fall. Men on motorcycles and horses paraded into the square. One woman from Idlib province shouted that the Israeli strikes ruined the joy of ousting Assad. “Why are you striking us? We just deposed a tyrant,” she said. “Give us peace. Leave us alone,” said Ahmed Jreida, 22, a dentist student, when asked about the Israeli airstrikes. Hamzeh Hamada, 22, said this was the first time he had gone out to a demonstration. “We want the country to get better, to live in dignity and be like other countries that respect citizens’ rights and where there are no bribes,” he said. “We have suffered a lot from bribes. ... We had to bribe people for very minor things; things that should be our right.” Abdul-Jalil Diab was taking a stroll with his brothers in another square in western Damascus. He said he came back from Jordan the day Damascus fell. He was there studying German to prepare to move to Germany and said he is now reconsidering his plans. He was ecstatic, saying words can’t describe how he feels. “We are happy to get rid of the corrupt regime that was based on bribes. The whole country feels better. Everyone is happy and celebrating,” Abdul-Jalil Diab said. QAMISHLI, Syria — Residents of northeast Syria in the area around Qamishli airport said Tuesday they heard explosions overnight after an airstrike hit trucks loaded with rockets and ammunition that were heading to a military base in Tartab. “We don’t know the story. It was only in the morning when we realized they are trucks loaded with ammunition, leftovers of the former army, the regime,” said Ibrahim al-Thalaj, who lives near the base. He said residents assumed that the strikes were Israeli. Israel has carried out a heavy wave of airstrikes across Syria targeting military infrastructure after Syrian insurgents toppled the government of Bashar Assad. However, Turkish security officials said Tuesday that the strike in Qamishli was carried out by Turkey, targeting weapons and ammunition that were abandoned by the Syrian army and seized by Syrian Kurdish militants. The explosions lasted for over 20 minutes after the strike, and many houses in the surrounding area were damaged as a result, residents of the area said. “We just felt a strike hitting. It hit the first one (truck) and we saw the other trucks retreating back, and from there rockets and shells started flying over,” said Hamid al-Asaad, an eyewitness from Qub al-Zeki village in Qamishli. “We were sitting when these explosions started to hit the house,” said Mahmoud Hamza of Tartab. “It was hitting randomly and we didn’t know where it was coming from. ... Once we got out of our house, a rocket hit the house.” There were no details released by the local Kurdish administration regarding the explosions, but members of the Kurdish-led Syrian Democratic Forces blocked the road to the base. BRUSSELS — The European Union’s top diplomat is concerned that Syria might violently fall apart like neighboring Iraq, or Libya and Afghanistan if its territorial integrity and the rights of minorities are not protected. “The transition will present huge challenges in Syria and in the region,” EU foreign policy chief Kaja Kallas told European lawmakers on Tuesday during a special hearing. “There are legitimate concerns about the risks of sectarian violence, extremist resurgence and the governance vacuum, all of which must be averted. We must avoid a repeat of the horrific scenarios of Iraq, Libya and Afghanistan,” she said. “The rights of all Syrians, including those of many minority groups, must be protected,” she said. “It is crucial to preserve the territorial integrity of Syria, and to respect its independence, its sovereignty, as well as the state institutions.” Kallas also said the collapse of the government has shown that Assad’s backers in Russia and Iran “could neither afford to do it any longer, nor had any interest of being present in the aftermath.” “They are weakened, distracted and overstretched in other theaters in the broader Middle East, but also in Ukraine,” she said. ANKARA, Turkey — Turkey’s intelligence agency, MIT, has attacked a convoy of trucks that was allegedly carrying missiles, heavy weapons and ammunition that were abandoned by the Syrian government and reportedly seized by Syrian Kurdish militias, Turkish security officials said Tuesday. The officials said 12 trucks, two tanks and two ammunition depots were “destroyed” in aerial strikes in the city of Qamishli, near the border with Turkey in northeast Syria. The officials provided the information on condition of anonymity in line with Turkish regulations. They did not say when the attack occurred. The officials said the intelligence agency detected that weapons left by the Syrian government forces were being moved to warehouses belonging to the Syrian Kurdish People’s Defense Units, or YPG. Turkey views the group as a terrorist organization because of its links to the banned Kurdish militants that have led a decadeslong insurgency in Turkey. According to the officials, he group was allegedly planning to use the equipment and supplies against Turkish security forces. By Suzan Fraser WASHINGTON — The White House is signaling its approval of Israel’s strikes against Syrian military and alleged chemical weapons targets and the seizure of a buffer zone in the Syrian Golan Heights after the fall of the Assad government. “These are exigent operations to eliminate what they believe are imminent threats to their national security,” White House national security spokesman John Kirby said Tuesday, saying the U.S. would leave it up to the Israelis to discuss details of their operations. “They have as always the right to defend themselves,” Kirby said. He declined to detail and U.S. intelligence cooperation with the Israelis that went into the strikes. Kirby said the White House was reasserting its support of the 1974 Golan Heights disengagement agreement, but didn’t criticize the Israeli seizure of the demilitarized zone. Israel has a long history of seizing territory during wars with its neighbors and occupying it indefinitely , citing security concerns. Israel captured the Golan Heights from Syria in the 1967 Mideast war and annexed it in a move not recognized internationally, except by the United States. WASHINGTON — The Biden administration says it will recognize and support a new Syrian government that renounces terrorism, destroys chemical weapons stocks and protects the rights of minorities and women. Secretary of State Antony Blinken said in a statement Tuesday that the U.S. would work with groups in Syria and regional partners to ensure that the transition from President Bashar Assad’s deposed government runs smoothly. He was not specific about which groups the U.S. would work with. Blinken says Syrians should decide their future and that other countries should “support an inclusive and transparent process” and not interfere. “The United States will recognize and fully support a future Syria government that results from this process,” he said. “We stand prepared to lend all appropriate support to all of Syria’s diverse communities and constituencies.” DAMASCUS, Syria — Jihad Mustafa Shibani was taking his new motorcycle for a spin with a friend around the house of the deposed Syrian president in western Damascus on Tuesday. Shibani was released from prison a week before the capital Damascus fell, after he served two years on charges of buying his motorcycle using foreign currency on accusations he was dealing in dollars. He was tortured for 15 days and and given a quick trial where he was sentenced for two years, he said. He was released the day Aleppo fell to the insurgents. “Everything was banned in Syria. The (Assad loyalists) only could use it,” Shibani said. He said he has never been to this neighborhood, because it was taken over by Assad, his family and supporters. “For 50 years, my family’s house is near here, and we don’t know anything about it. ... The Syrian people had been oppressed, you can’t imagine.” Shibani said he has no fear of the rebel newcomers who have taken control of the country. “We are not afraid. There can be no one more unjust than Bashar. Impossible.” BEIRUT — Lebanon’s prime minister is in contact with security and judicial officials to follow up on reports that senior members of President Bashar Assad’s government have fled to Lebanon. Najib Mikati’s office quoted him as saying that Lebanon abides by international laws regarding people who cross its borders. Rami Abdurrahman of the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said that several top security officials have entered Lebanon over the past two days. Abdurrahman added that Syria’s former intelligence chief Ali Mamlouk, who is wanted in Lebanon over two bombings in 2012 in the northern city of Tripoli that killed dozens, was allegedly brought to Lebanon by the Hezbollah militant group and was staying in a southern suburb of Beirut where the group has deep support. Lebanon’s Interior Minister Bassam Mawlawi, whose ministry is in charge of border crossings, told reporters Tuesday that no person who is wanted in Lebanon entered the country through legal border crossings. There are dozens of illegal border crossings between Lebanon and Syria where people are usually smuggled in and out of Lebanon, but it was not possible to independently confirm whether Mamlouk had entered Lebanon. GENEVA — The United Nations says humanitarian operations in two major areas in northwestern Syria have resumed, deploying food, medical supplies, fuel and other needed services and supplies. Spokesman Jens Laerke of the U.N. Office for the Coordination of Humanitarian Affairs reported that some health facilities were “overwhelmed” – in part due to staff shortages – and many border crossings have been closed, disrupting supply chains. OCHA said humanitarian operations in some parts of northwestern Syria were put on hold in the early days of the recent escalation, and resumed on Monday. “As of yesterday, all humanitarian organizations in Idlib and northern Aleppo have resumed operations,” Laerke told reporters at a U.N. briefing in Geneva. He said the three border crossings from Turkey used by the U.N. to deliver assistance into Syria remain open and “we are providing assistance in the northwest, including to those who have been newly displaced.” Even before the latest escalation, which led President Bashar Assad to flee the country, nearly 17 million people in Syria needed humanitarian assistance. More than 1 million have been displaced across Idlib, Aleppo, Hama and Homs since the escalation. JERUSALEM — Israel's Defense Minister Israel Katz said Tuesday that Israel's military destroyed Syria’s fleet overnight and intends to establish a demilitarized zone “in southern Syria” to prevent attacks on Israel. He also issued a warning to Syria’s rebels, saying that “whoever follows Assad’s path will end up like Assad — we will not allow an extremist Islamic terrorist entity to act against Israel across its border while putting its citizens at risk.” Speaking at a naval base in Haifa, Katz said the Israeli navy “operated last night to destroy the Syrian fleet and with great success.” Video showing the smoking wreckage of what appeared to be small Syrian naval ships in the port at Latakia was broadcast by Saudi-owned television station Al-Hadath on Tuesday. The Britain-based Syrian Observatory for Human Rights, which has closely tracked the conflict since the civil war erupted in 2011, said Israel targeted Syrian warships, military warehouses and an air-defense facility on the coast. Katz added that he had instructed the army to establish a “defense zone free of weapons and terrorist threats in southern Syria, without a permanent Israeli presence, in order to prevent terrorism in Syria from taking root and organizing.” It was unclear if the demilitarized zone would reach beyond the buffer zone that Israel has taken over in the border area. Israel has a long history of seizing territory during wars with its neighbors and occupying it indefinitely , citing security concerns. Israel captured the Golan Heights from Syria in the 1967 Mideast war and annexed it in a move not recognized internationally, except by the United States. DAMASCUS, Syria — Members of the Syrian government under ousted President Bashar Assad will gradually transfer power to a new transitional cabinet headed by Mohammed al-Bashir. The departing government met with al-Bashir for the first time since Assad fled Damascus over the weekend. Al-Bashir had previously led the “salvation government” running the rebel stronghold in northwest Syria. Al-Bashir told reporters after the meeting that the ministers discussed transferring the portfolios to the interim government during the transitional period until the beginning of March. He said that in the coming days the new government will decide on each ministry. DAMASCUS, Syria — Banks and shops are reopening in Damascus after the chaos and confusion of the first two days following the ouster of President Bashar Assad. Sadi Ahmad, manager of Syria Gulf Bank, said life is returning to normal. A customer who came to withdraw money from an ATM was surprised to see it functioning. At the historic Hamadiyeh market, fighters who seized power were still standing guard but shops had reopened — even an ice cream stand. Resident Maysoun Al-Qurabi said she was initially “against what happened,” referring to the insurgency, but changed her mind after seeing footage of rebels releasing inmates from the notorious Saydnaya prison. “People are at ease and secure now,” she said. “Before, people were hungry and scared.” DAMASCUS, Syria — Minority Christians in Syria have been living in a state of uneasy anticipation since insurgents headed by the Islamic militant group Hayat Tahrir Al-Sham took control after ousting President Bashar Assad. Mazen Kalash, a resident of Bab Touma, a Christian neighborhood in Damascus, said he wants to know the plans of the new government that will be formed by the rebels. “The important thing is to feel safe, bring order, law and respect to the citizens,” he said. “We need to be able to work whatever we want and do whatever we want without any interference from anyone.” The insurgents have so far attempted to reassure minorities that they will be protected. Large numbers of Syrian Christians, who made up 10% of the population, fled after the civil war erupted in 2011. Many of those who stayed supported Assad out of fear they might be targeted by Islamist insurgents. TEL AVIV, Israel — Israeli Prime Minister Benjamin Netanyahu lashed out at media during testimony at his corruption trial, which involves media moguls. “There has never been such a biased media in any democracy ... as there is in Israel,” Netanyahu told the court, describing his testy relationship with the press. He is accused of exchanging regulatory favors with media bosses for more positive coverage of himself and his family. He has denied wrongdoing. GENEVA — The U.N. envoy for Syria says armed groups that drove out President Bashar Assad have “been sending good messages” about national unity and inclusiveness but acknowledges that a Security Council resolution still counts the leading one as a terrorist group. With Syria’s future and stability still very much in flux since Assad’s departure over the weekend, Geir Pedersen suggested that the international community needs to help the country get through this turbulent moment. “We are still in what I would call a very fluid period. Things are not settled,” Pedersen told reporters at U.N. offices in Geneva on Tuesday. “There is a real opportunity for change, but this opportunity needs to be grasped by the Syrians themselves and supported by the U.N. and the international community.” Referring to Israeli military strikes in Syria, Pedersen said it was “extremely important that we now don’t see any action from any international country that destroys the possibility for this transformation in Syria to take place.” The insurgents are led by Hayat Tahrir al-Sham, or HTS, which grew out of an al-Qaida-affiliate called the Nusra Front that the Security Council listed as a terror group in a 2015 resolution. “This is obviously a complicating factor for all of us,” Pedersen said. “But we also have to be honest, we have to look at the facts and to see what has happened during the last nine years.” “The reality so far is that the HTS and also the other armed groups have been sending good messages to the Syrian people,” he said. “They have been sending messages of unity, of inclusiveness, and frankly speaking, also, we have seen in (the captured cities of) Aleppo and in Hama ... reassuring things on the ground." Ahmad al-Sharaa, previously known by his nom de guerre Abu Mohammed al-Golani, the leader of the insurgency and the founder of both groups Nusra and HTS, cut ties with al-Qaida in 2016 and says he is committed to pluralism and religious tolerance. ANKARA, Turkey — Turkey has “strongly” condemned Israel’s advance into Syrian territory, saying it was in violation of a 1974 agreement on a buffer zone inside Syria. “We strongly condemn Israel’s violation of the 1974 Separation of Forces Agreement, its entry into the separation zone between Israel and Syria, and its advance into Syrian territory,” Turkey’s Foreign Ministry said in a statement. The ministry accused Israel of “displaying a mentality of an occupier” at a time when the possibility of peace and stability had emerged in Syria. The statement also reiterated Turkey’s support to Syria’s “sovereignty, political unity, and territorial integrity.” Israeli troops on Sunday entered the buffer zone that had been established after the 1973 Mideast war and the military said it would deploy in “several other places necessary for (Israel’s’) defense.” TEL AVIV, Israel — Prime Minister Benjamin Netanyahu says he works 17 to 18 hours a day and that he is engulfed in meetings, especially during the past year that Israel has been fighting wars. Netanyahu was testifying in his long-running corruption trial. He has denied charges of fraud, breach of trust and accepting bribes in three separate cases. “If only I could steal away five minutes to enjoy some time with my wife,” he told the court Tuesday. TEL AVIV, Israel — An Israeli military official says troops plan to seize a buffer zone inside Syria as well as “a few more points that have strategic meaning.” The official spoke Tuesday on condition of anonymity in line with regulations. The official dismissed reports of a larger Israeli invasion as “rumors.” Prime Minister Benjamin Netanyahu said Sunday that Israeli forces were moving to control a roughly 400-square-kilometer (155-square-mile) demilitarized buffer zone in Syrian territory. The buffer zone between Syria and the Israeli-controlled Golan Heights was created by the U.N. after the 1973 Mideast war. Following the overthrow of President Bashar Assad, Israel sent troops into the buffer zone. It said the move was temporary and was aimed at preventing attacks. It said the 1974 agreement establishing the zone had collapsed and that Syrian troops had withdrawn from their positions. Israel has also carried out airstrikes across Syria in recent days targeting what it says are suspected chemical weapons and long-range rockets. Egypt and Saudi Arabia have condemned Israel’s incursion, accusing it of exploiting the disarray in Syria and violating international law. Israel captured the Golan Heights from Syria in the 1967 Mideast war and annexed it in a move not recognized by the international community, except for the United States. The rest of the world views the strategic plateau as occupied Syrian territory. — By Joseph Krauss DAMASCUS, Syria — Israel’s air force has carried out hundreds of airstrikes in different parts of Syria as its ground forces move north of the Golan Heights along the border with Lebanon, according to an opposition war monitor. The Britain-based Syrian Observatory for Human Rights said Tuesday that since the fall of President Bashar Assad’s government, Israel’s air force has carried out more than 300 airstrikes against research centers, arms depots and military infrastructure across Syria, as well as a naval base along the Mediterranean coast. Associated Press journalists in Damascus witnessed intense airstrikes on the city and its suburbs overnight into Tuesday morning. Photographs posted online by activists showed destroyed missile launchers, helicopters and warplanes. Meanwhile, Israeli troops marched along the border with Lebanon and now control a long stretch on the Syrian side facing Lebanon’s Rashaya region, according to the war monitor's head, Rami Abdurrahman, and the Beirut-based Al-Mayadeen TV, which has reporters in Syria. Israeli troops are now about 25 kilometers (15 miles) southwest of Damascus, according to the monitor. DUBAI, United Arab Emirates — Saudi Arabia has condemned Israel’s incursion into a buffer zone in Syria and a wave of Israeli airstrikes launched after the overthrow of President Bashar Assad. The Saudi Foreign Ministry said in a statement Tuesday that “the assaults carried out by the Israeli occupation government, including the seizure of the buffer zone in the Golan Heights, and the targeting of Syrian territory confirm Israel’s continued violation of the principles of international law and its determination to sabotage Syria’s chances of restoring its security, stability and territorial integrity.” Israel sent troops into a buffer zone inside Syria that had been established after the 1973 Mideast war. It said the move was temporary and was taken to prevent any cross-border attacks after Syrian troops withdrew. Israel has also carried out heavy airstrikes that it says are aimed at preventing suspected chemical weapons and long-range rockets from falling into the hands of extremists. Saudi Arabia has been in talks with the United States in recent years over normalizing relations with Israel in exchange for a U.S. defense pact, American assistance in establishing a civilian nuclear program and a pathway to the establishment of a Palestinian state. But the kingdom has also repeatedly condemned Israel’s actions in the Gaza Strip, where it is at war with the Hamas militant group. Last month, Saudi Arabia’s crown prince and day-to-day ruler Mohammed bin Salman accused Israel of committing genocide in Gaza , allegations Israel adamantly rejects.

Julio Urias' new team he would return to in Mexican baseballWASHINGTON — Nearly 100 former senior U.S. diplomats and intelligence and national security officials have urged Senate leaders to schedule closed-door hearings to allow for a full review of the government’s files on former Rep. Tulsi Gabbard , Donald Trump’s pick to be national intelligence director. The former officials, who served in both Democratic and Republican administrations, said they were “alarmed” by the choice of Gabbard to oversee all 18 U.S. intelligence agencies. They said her past actions “call into question her ability to deliver unbiased intelligence briefings to the President, Congress, and to the entire national security apparatus.” A spokesperson for Gabbard on the Trump transition team on Thursday denounced the appeal as an “unfounded” and “partisan” attack. Avril Haines, the current director of national intelligence, when asked Thursday whether intelligence sharing with allies could be in jeopardy under the next administration, cited the importance of those relationships and noted the strong bipartisan support for them in Congress. The question, at a Council on Foreign Relations talk, focused on the especially close intelligence sharing among the Five Eyes — the U.S., Britain, Canada, Australia and New Zealand. It did not mention Gabbard by name. “It is hard for me to believe that anybody coming in wouldn’t want to maintain those relationships,” Haines said. “So I wouldn’t think of them as being in significant risk,” she added. “I certainly hope that will continue.” Among those who signed the letter to Senate leaders were former Deputy Secretary of State Wendy Sherman, former NATO Deputy Secretary General Rose Gottemoeller, former national security adviser Anthony Lake, and numerous retired ambassadors and high-ranking military officers. They wrote to current Democratic Senate Majority Leader Chuck Schumer and incoming Republican Majority Leader John Thune on Wednesday to urge the closed briefings as part of the Senate’s review of Trump’s top appointments. They requested that Senate committees “consider in closed sessions all information available to the U.S. government when considering Ms. Gabbard’s qualifications to manage our country’s intelligence agencies, and more importantly, the protection of our intelligence sources and methods.” The letter singles out Gabbard’s 2017 meetings in Syria with President Bashar Assad, who is supported by Russian, Iranian and Iranian-allied forces in a now 13-year war against Syrian opposition forces seeking his overthrow. The U.S., which cut relations with Assad’s government and imposed sanctions over his conduct of the war, maintains about 900 troops in opposition-controlled northeast Syria, saying they are needed to block a resurgence of extremist groups. Gabbard, a Democratic member of Congress from Hawaii at the time of her Syria trip, drew heavy criticism for her meetings with a U.S. adversary and brutal leader. As the letter notes, her statements on the wars in the Middle East and Ukraine have aligned with Russian talking points , diverging from U.S. positions and policy. Gabbard throughout her political career has urged the U.S. to limit military engagement abroad other than combatting Islamic extremist groups. She has defended the Syria trip by saying it is necessary to engage with U.S. enemies. In postings on social media earlier this year she confirmed that the U.S. had for a time placed her “on a secret terror watch list” as a “potential domestic terror threat.” She blamed political retaliation. Neither she nor U.S. authorities have publicly detailed the circumstances involved. Alexa Henning, a spokesperson for Gabbard with the Trump team, called the letter sent to the Senate leaders “a perfect example” of why Trump chose Gabbard for this position. “These unfounded attacks are from the same geniuses who have blood on their hands from decades of faulty ‘intelligence,’” and use classified government information as a “partisan weapon to smear and imply things about their political enemy,” Henning said. A spokesperson for Thune did not immediately respond to questions about the request. —- Associated Press writer Didi Tang contributed.

CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced the signing of a strategic agreement with Bombardier, a global leader in aviation and manufacturer of world-class business jets, to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The collaboration will advance new technology to enable a host of high-value upgrades for the installed Bombardier operator base, as well as lay innovative foundations for future aircraft. Honeywell estimates the value of this partnership to the company at $17 billion over its life. "This is a tremendous opportunity to co-innovate and advance next generation technologies, including Anthem avionics and engines," said Vimal Kapur , Chairman and CEO of Honeywell. "Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell's focus on compelling megatrends -- automation, the future of aviation, and energy transition." "This new partnership creates unprecedented opportunities for Bombardier," said Eric Martel , President and Chief Executive Officer of Bombardier. "Honeywell's differentiated technology is the key reason we decided to collaboratively build a bright future with them." Honeywell and Bombardier will collaborate on the development of Honeywell avionics to provide unparalleled adaptability to specific mission requirements, enabling exceptional situational awareness and enhanced safety. In addition, the collaboration's propulsion-based workstreams will focus on evolutions of power, reliability and maintainability, led by the next-generation model of Honeywell's HTF7K engine. "Working together, we will generate significant value for Bombardier's operator base by providing the latest technologies to enable safe and efficient flight," said Jim Currier , President and CEO of Honeywell Aerospace Technologies. "We are committed to investing in these key technologies with Bombardier, which will not only drive substantial growth for Honeywell, but lead the industry further into the future of aviation." As part of the partnership, Bombardier and Honeywell will work together to certify and offer JetWave X for the Bombardier Global and Challenger families of aircraft for both new production and aftermarket installations. Bombardier will also have access to Honeywell's full suite of next generation L-Band satellite communications products and antennas that will provide future safety services capabilities. Additionally, all legacy pending litigation between the companies has been resolved. Honeywell Updates 2024 Outlook While the commercial agreement impacts near-term Honeywell financials, the company is confident it will lead to long-term value creation for Honeywell shareowners. Given the required investments associated with this agreement, Honeywell has updated its full-year sales, segment margin 2 , adjusted earnings per share 2,3 , and free cash flow guidance 1 . A summary is provided in the table below. TABLE 1: FULL-YEAR 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $38.6B - $38.8B ($0.4B) $38.2B - $38.4B Organic 1 Growth 3% - 4% ~(1%) ~2% Segment Margin 2 23.4% - 23.5% (0.8 %) 22.6% - 22.7% Expansion 2 Down 10 - Flat bps (80 bps) Down 90 - 80 bps Adjusted Earnings Per Share 2,3 $10.15 - $10.25 ($0.47) $9.68 - $9.78 Adjusted Earnings Growth 2,3 7% - 8% (5 %) 2% - 3% Operating Cash Flow $6.2B - $6.5B ($0.4B) $5.8B - $6.1B Free Cash Flow 1 $5.1B - $5.4B ($0.5B) $4.6B - $4.9B TABLE 2: FOURTH QUARTER 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $10.2B - $10.4B ($0.4B) $9.8B - $10.0B Organic 1 Growth 2% - 4% (4 %) (2%) - Flat Segment Margin 2 23.8% - 24.2% (2.9 %) 20.9% - 21.3% Expansion 2 Down 60 - 20 bps (290 bps) Down 350 - 310 bps Adjusted Earnings Per Share 2,3 $2.73 - $2.83 ($0.47) $2.26 - $2.36 Adjusted Earnings Growth 2,3 1% - 5% (17 %) (16%) - (12%) 1 See additional information at the end of this release regarding non-GAAP financial measures. 2 Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from certain items excluded from segment margin or adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS. 3 Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, including the impact of amortization expense for acquisition-related intangible assets and other acquisition-related costs, and any potential future items that we cannot reliably predict or estimate such as pension mark-to-market. Bombardier, Global and Challenger are trademarks of Bombardier Inc. or its subsidiaries. Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends - automation, the future of aviation, and energy transition - underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations that help make the world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom . Honeywell uses our Investor Relations website, www.honeywell.com/investor , as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. This release contains financial measures presented on a non-GAAP basis. Honeywell's non-GAAP financial measures used in this release are as follows: Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures. Appendix Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. Management believes the change to adjust for amortization of acquisition-related intangibles and certain acquisition- and divestiture-related costs provides investors with a more meaningful measure of its performance period to period, aligns the measure to how management will evaluate performance internally, and makes it easier for investors to compare our performance to peers. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell's business. Honeywell International Inc. Definition of Organic Sales Percent Change We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of reported sales percent change to organic sales percent change has not been provided for forward-looking measures of organic sales percent change because management cannot reliably predict or estimate, without unreasonable effort, the fluctuations in global currency markets that impact foreign currency translation, nor is it reasonable for management to predict the timing, occurrence and impact of acquisition and divestiture transactions, all of which could significantly impact our reported sales percent change. Honeywell International Inc. Reconciliation of Operating Income to Segment Profit, Calculation of Operating Income and Segment Profit Margins (Unaudited) (Dollars in millions) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2023 Operating income $ 1,583 $ 7,084 Stock compensation expense 1 54 202 Repositioning, Other 2,3 569 952 Pension and other postretirement service costs 3 17 66 Amortization of acquisition-related intangibles 76 292 Acquisition-related costs 4 1 2 Segment profit $ 2,300 $ 8,598 Operating income $ 1,583 $ 7,084 ÷ Net sales $ 9,440 $ 36,662 Operating income margin % 16.8 % 19.3 % Segment profit $ 2,300 $ 8,598 ÷ Net sales $ 9,440 $ 36,662 Segment profit margin % 24.4 % 23.5 % 1 Included in Selling, general and administrative expenses. 2 Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges. 3 Included in Cost of products and services sold and Selling, general and administrative expenses. 4 Includes acquisition-related fair value adjustments to inventory. We define operating income as net sales less total cost of products and services sold, research and development expenses, impairment of assets held for sale, and selling, general and administrative expenses. We define segment profit, on an overall Honeywell basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, and repositioning and other charges. We define segment profit margin, on an overall Honeywell basis, as segment profit divided by net sales. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of operating income to segment profit, on an overall Honeywell basis, has not been provided for all forward-looking measures of segment profit and segment profit margin included herein. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit, particularly pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of operating income to segment profit will be included within future filings. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle, and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Earnings per Share to Adjusted Earnings per Share (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2024(E) 2023 2024(E) Earnings per share of common stock - diluted 1 $ 1.91 $2.03 - $2.13 $ 8.47 $8.76 - $8.86 Pension mark-to-market expense 2 0.19 No Forecast 0.19 No Forecast Amortization of acquisition-related intangibles 3 0.09 0.17 0.35 0.50 Acquisition-related costs 4 — 0.02 0.01 0.10 Divestiture-related costs 5 — 0.04 — 0.04 Russian-related charges 6 — — — 0.03 Net expense related to the NARCO Buyout and HWI Sale 7 — — 0.01 — Adjustment to estimated future Bendix liability 8 0.49 — 0.49 — Indefinite-lived intangible asset impairment 9 — — — 0.06 Impairment of assets held for sale 10 — — — 0.19 Adjusted earnings per share of common stock - diluted $ 2.69 $2.26 - $2.36 $ 9.52 $9.68 - $9.78 1 For the three months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 660.9 million. For the twelve months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 668.2 million. For the three and twelve months ended December 31, 2024, expected earnings per share utilizes weighted average shares of approximately 653 million and 655 million, respectively. 2 Pension mark-to-market expense uses a blended tax rate of 18%, net of tax benefit of $27 million, for 2023. 3 For the three and twelve months ended December 31, 2023, acquisition-related intangibles amortization includes $62 million and $231 million, net of tax benefit of approximately $14 million and $61 million, respectively. For the three and twelve months ended December 31, 2024, expected acquisition-related intangibles amortization includes approximately $110 million and $330 million, net of tax benefit of approximately $30 million and $85 million, respectively. 4 For the three and twelve months ended December 31, 2023, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $2 million and $7 million, net of tax benefit of approximately $0 million and $2 million, respectively. For the three and twelve months ended December 31, 2024, the expected adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $20 million and $65 million, net of tax benefit of approximately $5 million and $15 million, respectively. 5 For the three and twelve months ended December 31, 2024, the expected adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, is approximately $25 million, net of tax benefit of approximately $5 million. 6 For the three and twelve months ended December 31, 2023, the adjustments were a benefit of $2 million and $3 million, without tax expense, respectively. For the twelve months ended December 31, 2024, the expected adjustment is a $17 million expense, without tax benefit, due to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. 7 For the the twelve months ended December 31, 2023, the adjustment was $8 million, net of tax benefit of $3 million, due to the net expense related to the NARCO Buyout and HWI Sale. 8 Bendix Friction Materials ("Bendix") is a business no longer owned by the Company. In 2023, the Company changed its valuation methodology for calculating legacy Bendix liabilities. For the three and twelve months ended December 31, 2023, the adjustment was $330 million, net of tax benefit of $104 million, (or $434 million pre-tax) due to a change in the estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims. The Company experienced fluctuations in average resolution values year-over-year in each of the past five years with no well-established trends in either direction. In 2023, the Company observed two consecutive years of increasing average resolution values (2023 and 2022), with more volatility in the earlier years of the five-year period (2019 through 2021). Based on these observations, the Company, during its annual review in the fourth quarter of 2023, reevaluated its valuation methodology and elected to give more weight to the two most recent years by shortening the look-back period from five years to two years (2023 and 2022). The Company believes that the average resolution values in the last two consecutive years are likely more representative of expected resolution values in future periods. The $434 million pre-tax amount was attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set. It is not possible to predict whether such resolution values will increase, decrease, or stabilize in the future, given recent litigation trends within the tort system and the inherent uncertainty in predicting the outcome of such trends. The Company will continue to monitor Bendix claim resolution values and other trends within the tort system to assess the appropriate look-back period for determining average resolution values going forward. 9 For the twelve months ended December 31, 2024, the expected impairment charge of indefinite-lived intangible assets associated with the personal protective equipment business is $37 million, net of tax benefit of $11 million. 10 For the twelve months ended December 31, 2024, the expected impairment charge of assets held for sale is $125 million, with no tax benefit. Note: Amounts may not foot due to rounding. We define adjusted earnings per share as diluted earnings per share adjusted to exclude various charges as listed above. We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. For forward-looking information, management cannot reliably predict or estimate, without unreasonable effort, the pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. We therefore do not include an estimate for the pension mark-to-market expense. Based on economic and industry conditions, future developments, and other relevant factors, these assumptions are subject to change. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Expected Cash Provided by Operating Activities to Expected Free Cash Flow (Unaudited) Twelve Months Ended December 31, 2024(E) ($B) Cash provided by operating activities ~$5.8 - $6.1 Capital expenditures ~(1.2) Free cash flow ~$4.6 - $4.9 We define free cash flow as cash provided by operating activities less cash for capital expenditures. We believe that free cash flow is a non-GAAP measure that is useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity. Contacts: Media Investor Relations Stacey Jones Sean Meakim (980) 378-6258 (704) 627-6200 stacey.jones@honeywell.com sean.meakim@honeywell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/honeywell-and-bombardier-sign-landmark-agreement-to-deliver-the-next-generation-of-aviation-technology-honeywell-updates-2024-outlook-302320054.html SOURCE HoneywellSAN DIEGO , Dec. 5, 2024 /PRNewswire/ -- BSD Builders, Inc. today announced it has received seismic certification from California's OSHPD/HCAi for its state-of-the-art Microgrid Solutions. Developed in partnership with 2G Energy Inc., the BSD Special Seismically Certified (SSC) Microgrid product is set to revolutionize energy resilience and efficiency for all types of buildings. The BSD SSC Microgrid system, consisting of a cogeneration power plant and fuel storage, was initially designed to support California skilled nursing facilities' compliance with California Assembly Bill 2511, which California Governor Gavin Newsom signed into law on September 29, 2022 . This bill requires these facilities to have an alternative power source to protect resident health and safety for at least 96 hours during any type of power outage. This microgrid power solution is a self-contained electrical system that can operate independently from the main power grid. With the seismic certification, it is now available for any type of building that needs uninterruptable power. "At BSD Builders, we're passionate about creating solutions that make a difference in people's lives. We have developed a proprietary solution that not only meets but exceeds California's stringent seismic requirements while providing a reliable and efficient source of power, especially during unexpected power loss or natural disasters," said Jeff Blair , CEO of BSD Builders, Inc. "This solution offers long-term benefits not only by lowering utility costs, it can also help to improve the stability of the regional electric grid and reduce carbon emissions." Key features of the BSD SSC Microgrid Solution include: "2G Energy is proud to partner with BSD on the BSD SSC Microgrid System designing it for a wide range of applications, providing a reliable and cost-effective energy solution for skilled nursing facilities, hospitals, data centers, pharmaceutical labs, research facilities, cold storage units, data centers, and more," stated Darren Jamison , Managing Director of 2G Energy North America. "The design utilizes proprietary technologies to offer clients reduced utility costs and increased reliability. It is designed for continuous parallel operation with the utility as well as stand-alone island mode," concluded Jamison. For more information about the BSD SSC Microgrid System or to schedule a consultation, please visit bsdbuilders.com . About BSD Builders, Inc . - BSD Builders, Inc. is a leading general contractor specializing in the healthcare industry. Focusing on exceeding industry standards and delivering exceptional value to clients, BSD Builders, Inc. continues to set the benchmark for excellence in the construction and energy sectors. About 2G Energy – 2G Energy is a globally recognized leader in the development and production of combined heat and power (CHP) systems. With a commitment to sustainability and innovation, 2G Energy provides cutting-edge solutions that optimize energy efficiency and environmental performance. View original content to download multimedia: https://www.prnewswire.com/news-releases/bsd-builders-inc-advanced-microgrid-solutions-receives-california-seismic-certification-for-uninterruptible-power-supply-302324334.html SOURCE BSD Builders, Inc.

By RONALD BLUM DALLAS (AP) — Nolan Arenado is open to a trade from the St. Louis Cardinals, at age 33 wanting to be on a World Series contender. “It’s like his biological clock is ticking,” agent Joel Wolfe said Tuesday at the winter meetings. “And if the team’s not winning it’s driving him crazy every day, every night all through the offseason. And he takes it so personal, like it’s all on him.” An eight-time All-Star and 10-time Gold Glove third baseman, Arenado is open to a switch to first base. He hit .272 with 16 homers and 71 RBIs this year, his poorest season in a decade. St. Louis acquired Arenado from Colorado ahead of the 2021 season, lost at the wild-card round in his first two years, then failed to make the playoffs in consecutive seasons. “The Cardinals are changing direction, which is fine. All teams do that,” Wolfe said. “So if that’s the way it is and they’ve said it might be beneficial to move you and they were open and communicated about it, he’s like: ‘I get it. Let’s just try and find a place where they’re in a different place,’ where he could just jump in and help the team go to the next level.” Arenado has played 1,629 games in the field during his big league career, all at third base. He won Gold Gloves from 2013-22, matching Seattle outfielder Ichiro Suzuki for winning the award in his first 10 seasons. Arenado told Cardinals president baseball operations John Mozeliak he is open to a position switch. “If it would make Mo’s job easier to get to the right team, Nolan is more than willing to move around,” Wolfe said, quoting his client as saying, “’I’m not insulted to go play first and I can win a Gold Glove over there if that’s what it takes.’” “He wanted to be just the first to offer that so that Mo could tell other teams that,” Wolfe said. Arenado has a .285 career average with 341 homers and 1,132 RBIs for the Cardinals and Colorado Rockies. He is owed $74 million for the final three seasons of a contract paying him $275 million over nine years. He has a full no-trade provision, giving him the ability to decide his destination. “It’s more of just an ongoing discussion of: Would you be OK with this team? Would you be OK with that team?” Wolfe said. “We don’t want to waste Mo’s time and there some hard nos of where he would prefer not to go and things like that. It’s been somewhat dynamic in the discussion about how that works.” ___ AP MLB: https://apnews.com/hub/MLBNone

Middle East latest: Israel bombs hundreds of sites across Syria as army pushes into border zoneSAN FRANCISCO , Dec. 5, 2024 /PRNewswire/ -- Silicon Valley's seasoned veterans in retail and e-commerce are rallying behind Jingo , a bold leap forward in transforming the online shopping experience. By blending personalization with advanced technology, Jingo is rethinking the way shoppers discover products and how brands connect with their audiences. A Powerhouse Backing Founded by e-commerce veterans, Ujjal Pathak and Rohan Bhanot , who bring years of experience building online shopping platforms, Jingo has secured backing from a powerhouse group of investors and advisors with expertise from leading companies such as Pinterest, Walmart, Minted, eBay, Square, Nike, Klarna, and Intuit. Their collective knowledge in e-commerce, retail, and fintech provides the strategic guidance needed to bring Jingo's vision of a smarter, more equitable shopping platform to life. Solving the Real Problem in E-Commerce Amazon has been shaping online shopping for nearly 30 years, while Walmart has stood as a retail giant for over 60. While these platforms revolutionized e-commerce for past generations, Jingo is built from the ground up to meet the needs of today's digitally native consumers. Designed with Gen Z and Millennials in mind, Jingo delivers a shopping experience that feels intuitive, personal, and deeply connected to modern lifestyles. For customers, the challenge isn't simply finding products—it's making better decisions . Endless choices often lead to decision fatigue and frustration. Jingo tackles this by prioritizing relevance over sheer quantity. Using machine learning, the platform curates and presents personalized assortments early in the shopping journey, showing the most relevant products at the right time. This thoughtful approach fosters confidence and transforms decision-making into an enjoyable process. For brands and sellers, major marketplace platforms often tie visibility to significant advertising spend, creating barriers for smaller players. Jingo flips this model by leveraging advanced machine learning to surface products only to customers with genuine interest. This precision eliminates waste, reduces noise, and ensures that every connection between brands and customers feels meaningful. Empowered by tools like real-time insights, predictive analytics, and curated discovery, brands can optimize inventory, anticipate trends, and connect with their ideal audience without relying on costly campaigns or third-party tools. Jingo is creating a marketplace where both customers and sellers thrive, redefining how value is delivered in online shopping. A Transformative Vision for the Future Jingo's ambitions go far beyond optimizing today's online shopping experience. The platform is building toward a future where commerce is redefined through intelligent systems that seamlessly integrate into users' lives. Imagine a world where shopping evolves from a process you initiate to an experience that happens intuitively. Jingo's end-state vision is to create intelligent systems capable of learning, adapting, and acting on behalf of users , delivering personalized, proactive, and effortless commerce. This approach points to a future where products appear at your doorstep before you even think about shopping, making commerce an invisible yet integral part of daily life. By designing systems that dynamically adapt and provide proactive support, Jingo aims to fundamentally change the way consumers and brands interact, setting a new standard for convenience, personalization, and connection. Flipping the Script for Brands and Sellers Beyond offering better targeting, Jingo is reimagining the commission structure to create a fairer and more seller-focused marketplace. For the first 1,000 brands and sellers who join, Jingo introduces a groundbreaking model: These incentives, coupled with Jingo's advanced tools like predictive analytics and real-time insights, empower sellers to focus on delivering quality products while Jingo ensures they reach the right customers. By reducing the noise-to-signal ratio, brands can build lasting, loyalty-driven relationships in a transparent and equitable ecosystem. Brands and sellers interested in being part of this transformative journey can contact the Jingo team at partner@jingo.app A Bold Vision for E-Commerce With the support of Silicon Valley's leading minds, Jingo is setting a new benchmark for what online shopping can achieve. By addressing decision-making challenges for consumers and creating deeper, more equitable connections for brands, Jingo is leading the next wave of e-commerce innovation. To celebrate its launch, Jingo is running a referral campaign from December 6, 2024 , to February 28, 2025 . Participants can earn credits to shop on the platform once it's live, with prizes of $50,000 for the top referrer, $30,000 for second place, and $10,000 for third. Jingo is more than a platform—it's a movement toward smarter, more personalized, and intuitive commerce. By building systems that anticipate, simplify, and deliver, Jingo is shaping the future of shopping for consumers and sellers alike. Get in Touch For PR inquiries, strategic partnerships, or more information, contact contact@jingo.app View original content to download multimedia: https://www.prnewswire.com/news-releases/redefining-the-future-of-shopping-jingo-gains-silicon-valleys-backing-302324337.html SOURCE Jingo Technologies, Inc.

TORONTO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Timbercreek Alternatives LP, a subsidiary of Timbercreek Capital, and Aspen Properties today announced the closing of the previously announced acquisition of the 1 Palliser Square Office Building in Calgary, Alberta for the purpose of converting approximately 418,000 square feet of office into 418 residential units and amenities. 1 Palliser Square is a 27-storey, vacant B-class office building centrally located next to the Calgary Tower, with direct access to residential amenities, entertainment and transit. The project is part of the City of Calgary's Downtown Development Incentive Program designed to transform vacant office space into new rental housing stock. 1 Palliser Office-to-Residential Project Highlights: 418 rental residential units High conversion efficiency Optimized suite layouts 20,000+ SF amenity integration Connected to the +15 "Skywalk" Network Upscale unit quality Urban revitalization Affordable housing The acquisition was completed though a joint venture called 1 Palliser Square LP (the "LP"). As part of the acquisition, the LP completed a private placement offering of units for total proceeds of approximately $21.6 million. Raymond James Ltd. and Canaccord Genuity Corp. acted as co-lead agents and joint bookrunners on behalf of a syndicate of agents, which included, Richardson Wealth Limited, Wellington-Altus Financial Inc. and iA Private Wealth Inc. About Timbercreek Founded in 2000, Timbercreek is one of Canada's leading alternative asset class investment managers, focused on debt and equity investments in high-quality, value-add commercial real estate in Canada, the United States and Europe. Through active and direct investment, Timbercreek employs a thematic approach to deliver compelling risk-adjusted returns for their investors and partners, leveraging the diversified expertise and relationships of their highly experienced team to invest capital across a wide range of asset classes. Timbercreek's team of 50+ investment professionals have extensive domain expertise in these markets and combine an entrepreneurial growth focus with institutional risk management. Since 2000, the Timbercreek team has deployed more than $18 billion in equity and debt investments focused on value-add real estate, on behalf of their broad range of capital partners. Timbercreek has offices in Toronto, Vancouver, Montreal, New York, Dallas and Dublin. About Aspen Aspen Properties is a fully integrated and privately held boutique real estate company with over 25 years of experience in owning and managing real estate in downtown Calgary and Edmonton. Driven by an entrepreneurial spirit, Aspen is committed to creating and delivering inspiring amenity-rich real estate with innovative technology and processes that help people thrive and contribute to the development and sustainability of the communities they serve. Together with their investment partners, Aspen Properties owns and manages approximately 4.25 million square feet of office space and nearly 3,800 parking spaces in downtown Calgary and Edmonton. Aspen's portfolio is comprised of 15 buildings—eleven in Calgary, three in Edmonton and a development site in Calgary. For more information: Timbercreek Alternatives Fraser McEwen President fmcewenf@timbercreek.com www.timbercreek.com Aspen Properties Scott Hutcheson Executive Chair of the Board rsh@aspenproperties.ca www.aspenproperties.ca © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.