Uber earnings Q3 2020

first_imgThe company reiterated guidance that Uber expects to be profitable on an EBITDA basis by the end of 2021.Uber shares had skyrocketed on Wednesday and continued climbing Thursday ahead of earnings, after the company’s proposed ballot measure, Proposition 22, won voters’ support in California elections.Prop 22 allows Uber, along with its peers and competitors Lyft, Instacart and DoorDash, to treat their drivers and couriers as independent contractors, not employees. That means Uber will avoid the costs of providing a full slate of benefits and protections for drivers, including paid sick days and other time-off, unemployment insurance and healthcare.- Advertisement – Overall, Uber lost $1.09 billion on a GAAP basis during the quarter, an improvement from a year ago when their losses amounted to $1.16 billion.Here’s how its largest business segments performed:Mobility (gross bookings): $5.91 billionDelivery (gross bookings): $8.55 billionMobility adjusted net revenue, including Uber’s core Rides business, declined 52% year-over-year to $1.37 billion for the third quarter, while Delivery adjusted net revenue, including from Uber Eats, grew 190% year-over-year to $1.14 billion. Adjusted net revenue is a non-GAAP measurement that measures revenue minus driver incentives, driver referral payments, and the cost of reimbursing drivers for Covid 19 protection equipment.- Advertisement – Instead, under Prop 22 in California, Uber will pay qualifying drivers partial benefits, like a minimum base pay that’s better than federal minimum wage, and a subsidy on drivers’ health insurance, with the subsidy amount based on how many hours they work.Besides the political fight to preserve their business model, Uber has faced pandemic-related negative impacts to its main ride hailing business through most of 2020. As a variety of health orders and border policies limited travel and commuting, however, Uber users ordered more meals for delivery via Uber Eats.With its food delivery business outpacing its core rides business in the second quarter of 2020, Uber agreed to buy out the courier service Postmates, once seen as a competitor to Uber Eats, for a deal valued around $2.65 billion in July. Earlier, it acquired Cornershop, a grocery delivery business, and started making grocery deliveries in New York City last month.Since its second-quarter report, Uber raised half a billion dollars in equity funding to fuel the growth of its logistics arm, Uber Freight. That business unit, which Uber started in 2017, has a post-money valuation of $3.3 billion, the company said in a statement. Uber Freight recorded just $290 million in gross bookings during the third quarter of 2020, a 30% increase from the same time last year.This is a developing story, please check back for updates… Uber shares dropped as much as 4% after the company reported third quarter revenue on Thursday that missed Wall Street’s expectations, including a revenue decline of 18% from last year.Here’s how the company performed versus what Wall Street analysts were expecting for the period ending September 30, 2020:Losses: 62 cents per share vs. 65 cents per share expected, according to a consensus of analysts surveyed by Refinitiv.Revenue: $3.13 billion vs. $3.20 billion expected per Refinitiv.- Advertisement – – Advertisement –last_img read more

Jurgen Klopp: Liverpool boss says Man City trip is most difficult game in world football | Football News

first_imgLeague leaders Liverpool have five more points than City, having played a game more, and could lay down a potentially crucial early marker for this season’s title race. “It’s not that we want to be dominating at home and like a deep-sitting team away. Saying that, against Man City exactly that can happen because of the quality they have.“We lost there last year, but it’s not a game I like to consider with all the others because three days before we became English champions and it was a pretty special time for us.“It’s not important if we play home or away, it’s important that we compete with our own plan, that we are brave, play football and defend with all we have. Then we will have a chance.“It is very difficult. This is the most difficult game in the world of football.” Former Manchester City captain Richard Dunne believes Sunday’s game between City and Liverpool is a potential title-decider “I don’t have to say one word about Bobby Firmino and how important he was for us, I don’t waste time with that,” Klopp said.“He was the difference-maker in so many games without scoring. I would feel really embarrassed if I have to mention the qualities of Bobby Firmino.“I can’t help these people if they don’t see it.”Carra: It’s still Liverpool or City for the titleJamie Carragher on the Pitch to Post Preview podcast:“I still can’t envisage anyone besides Liverpool or Man City winning the league. I just can’t see that. I know Tottenham have started really well and I hope they have a great season and there are more challengers, but I just can’t see anybody else lifting that league title besides the big two of the last few years.“I’d been very strong putting Liverpool as favourites for the title, but for the injury to Virgil van Dijk – not just one of Liverpool’s top players but one of the top players in the Premier League. And if something similar would have happened to, say, Kevin De Bruyne for Man City, who is their top man, I think you’d say the same for City. I think it makes for an even more interesting race, no doubt about that.”Listen to the Sky Sports Pitch to Post Podcast on: Spotify | Apple | Castbox Former Liverpool defender Jose Enrique says Diogo Jota should start ahead of Roberto Firmino after scoring six goals in his last four games Only one of the last 10 league meetings between City and Liverpool has been won by the visiting side, and Klopp is well aware of the challenge facing his players.“It’s a very difficult game, hopefully for both teams,” Klopp said. “So many things are different this year, nothing can be compared with last year or the year before.- Advertisement – Liverpool Man City Greatest Goals 2:19 1:38 “I enjoy these kind of games, I enjoy the preparation, but it doesn’t make it easier, it’s just a really tough task.”On the challenge of being away from home, Klopp said: “We love playing at Anfield. It’s our home and that makes a difference, but I don’t think we’ve made a difference in our approach to home or away games. 5:01  Diogo Jota scored for the third straight Premier League game at Anfield “Chelsea, Tottenham, Arsenal and Leicester are really good. Everton – unfortunately – really good.“Maybe I forgot somebody. Manchester United, people write off always pretty early and in the end they will be there as well.“We all fight for the Champions League spots and when you are close enough to that, then you can be champion at the end of the season.“I don’t know who will be top horse at the end of this season.”Klopp: ‘I can’t help those who don’t see Firmino quality’Klopp also launched a passionate defence of striker Roberto Firmino, following criticism over his lack of goals.The Brazilian has netted just once this season and was replaced in the starting line-up for the Champions League clash at Atalanta by new signing Diogo Jota, who scored his first hat-trick for the Reds in a 5-0 rout in Bergamo. Ahead of their meeting on Sunday, we take a look at some of the greatest goals between Liverpool and Manchester City in the Premier League Liverpool boss Jurgen Klopp has called Sunday’s trip to play Manchester City at the Etihad, live on Sky Sports, the “most difficult game in the world of football”.The Premier League champions face the toughest test of their title defence so far when they come up against Pep Guardiola’s side, who are unbeaten in eight matches in all competitions.- Advertisement – Sunday 8th November 4:00pm 0:52 Klopp only interested in one horse in title raceThe Reds’ boss says he has no time for talk of a two-horse title race between his side and City.He praised the qualities of the likes of Chelsea, Everton and Tottenham and also warned against writing off Manchester United just yet.“Each season starts at nil, we all have the same chance,” Klopp said. “This ‘two-horse race’ thing was never a phrase I used or even think.“I’m only interested in one horse and that’s us. Kick off 4:30pm – Advertisement – Kevin De Bruyne and Joe Gomez Former Liverpool winger John Barnes says the return of fit-again Gabriel Jesus for Manchester City makes him more nervous for Sunday’s clash and believes Roberto Firmino has been ‘unfairly criticised’ for his lack of goals – Advertisement –last_img read more

Top Republicans Are Silent on Biden Victory as Trump Refuses to Concede

first_imgNov. 7, 2020, 6:28 p.m. ET “Ann and I extend our congratulations to President-elect Joe Biden and Vice President-elect Kamala Harris,” he wrote on Twitter. “We know both of them as people of good will and admirable character. We pray that God may bless them in the days and years ahead.”- Advertisement – Updated – Advertisement – “Today’s announcement by the media of the election’s outcome is a projection,” Mr. Toomey said. “A final outcome will be reached when the election process concludes, which is after all legal votes have been counted, litigation is resolved, and any recounts are completed.” “It’s time to come together,” wrote Representative Will Hurd, Republican of Texas, who is retiring. “America has spoken and we must respect the decision. More unites us than divides us; we can find common ground. I hope the president-elect can embody this. I wish him good luck and I wish the president a successful final few weeks.”Senator Mitt Romney of Utah, the 2012 Republican presidential nominee and a frequent critic of Mr. Trump, also offered a traditional statement of well wishes to the victor, and was one of the few members of his party to refer to Mr. Biden by his new title. But several Republicans who are regarded as rising stars in the party said any congratulations were premature, portraying the election results as a creation of the news media and alluding to the possibility of legal action that could change them.“The media do not get to determine who the president is,” said Senator Josh Hawley, Republican of Missouri. “The people do. When all lawful votes have been counted, recounts finished, and allegations of fraud addressed, we will know who the winner is.”Senator Patrick J. Toomey, Republican of Pennsylvania, who has announced he is retiring, issued a statement congratulating both Mr. Trump and Mr. Biden for having “run hard, spirited campaigns that have inspired record civic engagement.” But he said that given the closeness of the results, Americans needed assurances that the election was “being conducted with integrity,”- Advertisement – – Advertisement –last_img read more

Here’s what the incoming Biden administration’s priorities on immigration may look like

first_imgHer deportation to Mexico was “the first public sign in Arizona of President Donald Trump’s executive order expanding his priorities for deportation,” KPNX reported at the time. If we can hold the new Biden administration to account on this 100-day freeze as it reexamines current policies, it could be monumental in preventing further suffering and tragedies.The need for legislation securing permanent relief for undocumented communities has also been repeatedly stressed by the Biden campaign (which also shines an even brighter light on the importance of the two U.S. Senate seat races in Georgia). But in the meantime, as it reimplements the DACA program and opens it up to potentially thousands of new applicants, the new Biden administration may also use its authority to enact other forms of temporary relief to protect immigrant communities, CBS News continued.“Asked about the possibility of extending temporary protections from deportation to certain undocumented immigrants in the absence of congressional action, a source familiar with Mr. Biden’s planning said the president-elect would consider all ‘legally available’ options,” the report continued. That must include protections for the undocumented workers deemed “essential” during the pandemic but who’ve continued to remain vulnerable to deportation (not to mention despicably excluded from federal relief), National Immigration Law Center Executive Director Marielena Hincapié told CBS News.- Advertisement – – Advertisement – “Mr. Biden will look to implement a 100-day freeze on deportations while his administration issues guidance narrowing who can be arrested by immigration agents,” the report said. “Obama-era memos that prioritized the deportation of immigrants with criminal convictions, recent border-crossers and those who entered the country illegally more than once were scrapped in 2017 by Mr. Trump so that no unauthorized immigrant would be exempted from being arrested and removed from the country.”Among the first immigrants targeted by the new Trump administration as it threw out Obama-era priorities was Guadalupe Garcia de Rayos, an Arizona mom who had been swept up a workplace raid by disgraced former sheriff and noted racist Joe Arpaio. For years she’d been considered low priority for deportation, and checked in regularly with ICE—until 2017. In a last-ditch effort to stop her deportation that February, the supporters formed a ring around the van removing her from an ICE facility as her children, both U.S. citizens, cried. She was deported anyway.- Advertisement –center_img “We can’t at the same keep applauding all these essential workers who we are relying on and not recognize them legally,” she said. “And so, providing them with some kind of protection and work authorization so that they can do the work without the fear of detention or deportation, and to actually be able to work within the law, is also really critical.”But like Daily Kos and others have noted before, rolling backing some the hundreds—hundreds—of immigration policies the outgoing administration put into place with the assistance of White House aide and noted white supremacist Stephen Miller will be no easy task, and as sloppily as it implemented some of those policies, the new administration must be as careful rolling them back. You know, trying to follow the rules. What a concept.last_img read more

Ethiopia’s Tigray crisis: How the conflict could destabilise its neighbours

first_img– Advertisement – Fake news being shared over Ethiopia conflictWhy there are fears of civil war in EthiopiaMarooned by conflict: ‘My little brother needs medicine’ 2px presentational grey line

The Masters: Bryson DeChambeau admits to ‘too many mistakes’ | Golf News

first_img“At Winged Foot we did a great job of it, this week we didn’t. We didn’t place it in the right places and I mishit a lot of shots that usually are pretty easy for me.“Numerous factors that were in play, but to have all this adversity and to still finish it off somewhat decent and be under par for the week is great, even though I feel like I shot 15 over for the week, to be honest with you. It was one of those things, one of those weeks.” – Advertisement – How DJ won The Masters – Advertisement – “At the beginning of the week I felt like I could have a great chance to win the tournament if I just played my game,” DeChambeau said. “I made enough birdies this week and eagles to have a chance to win, there’s no doubt about that.“I made way too many mistakes that I’ve got to talk about with my caddie and go ‘hey, how do we not make these mistakes anymore, how can we work better as a team to have that not happen?’. Bryson DeChambeau failed to contend for victory at The Masters
Bryson DeChambeau failed to contend for victory at The Masters

New avian flu outbreaks spur monitoring in Malaysia

first_imgSep 13, 2004 (CIDRAP News) – New outbreaks of avian influenza in a monitoring zone in northern Malaysia have prompted the government to increase its surveillance to cover the entire state of Kelantan, according to news service reports.Poultry outbreaks of avian flu have been detected in at least five villages in Kelantan since mid-August, including three in the past few days, according to reports from the Associated Press (AP) and Bernama, the Malaysian national news agency. All the outbreaks are in a 10-kilometer-radius zone centering on the site where Malaysia’s first cases of avian flu were discovered Aug 17 in fighting cocks believed to have been smuggled in from Thailand.The AP reported today that intensive surveillance would be extended throughout Kelantan state, which adjoins Thailand. The story quoted Idris Kadir, director of veterinary services for Kelantan, as saying, “We have embarked on intensive monitoring for the whole of Kelantan to make sure the state is free from bird flu and to determine whether the virus still exists in this state.”Bernama reported today that the Kelantan Health Department has assigned 173 staff members to work on the avian flu outbreak. The department’s director, Dr. Ahmad Razin Ahmad Maher, said authorities had checked 1,593 houses and examined 7,689 people in the five affected villages.An online report by the Star, a Malaysian daily newspaper, said the H5 virus had been confirmed in the three latest outbreaks, but reports didn’t make clear whether the virus had been identified as H5N1, the subtype that has afflicted much of East Asia this year and killed at least 28 people.Meanwhile, four children in Thailand have been hospitalized with suspected avian flu, according to AP and Agence France-Presse (AFP) reports. The AP story said two boys, aged 6 and 8 years, and a 3-year-old girl were hospitalized yesterday with fever and cough in Prachinburi province. A 2-year-old girl in Bangkok was also hospitalized for observation, the story said.A Thai health official was quoted as saying the children had to be closely observed because they live in areas where chickens died.Also in Thailand, the government is about to decide whether to use avian flu vaccines on the nation’s poultry, according to an online report by the Thai newspaper The Nation. Deputy Prime Minister Chaturon Chaisang said the national avian flu committee would make the decision Sep 15, the newspaper reported.Deputy Agriculture Minister Newin Chidchob said he opposed poultry vaccination because it might endanger Thailand’s poultry export business, the newspaper reported. A deputy public health minister said vaccination would save birds from dying but might not prevent them from carrying and spreading the virus, according to the story.Thousands of chicken farmers demonstrated against the possible use of vaccines, saying vaccination would ruin Thailand’s poultry exports and force farms to lay off workers, the newspaper reported.last_img read more

NEWS SCAN: Avian flu, Salmonella developments, drug fails in prion trial, new vaccine plant in Mexico

first_imgMar 10, 2009Egypt reports baby girl infected with H5N1Egypt’s health ministry reported today that an 18-month-old baby girl from Menofia governorate has been hospitalized with an H5N1 infection, Xinhua, China’s state news agency, reported. She got sick on Mar 6 after contact with sick birds and was admitted to the hospital yesterday, where she is receiving oseltamivir (Tamiflu). Meanwhile, the World Health Organization (WHO) confirmed that a 2-year-old boy from Egypt’s Alexandria governorate is hospitalized in stable condition with an H5N1 avian influenza infection, making him Egypt’s 57th case-patient. The boy first got sick Mar 3. The WHO’s global H5N1 case count is now 410, 256 of them fatal.[Mar 10 Xinhua story][Mar 10 WHO statement]German duck tests positive for H5N1The European Commission today reported its first H5N1 avian influenza finding in a bird this year, a wild duck that was shot in the German state of Bavaria, according to a report today from the Associated Press (AP).[Mar 10 AP story]Salmonella case count grows to 683The number of patients sickened in the national Salmonella outbreak linked to peanut products climbed to 683 patients in 46 states, according to an update today from the Centers for Disease Control and Prevention (CDC). The latest confirmed illness onset date was Feb 13, and the number of new cases has declined modestly since December. At least 3,235 products have been recalled in connection with the outbreak.[Mar 10 CDC update]FDA seeks tool to speed Salmonella detectionTo help its investigators identify Salmonella more quickly in foodborne outbreaks, the US Food and Drug Administration (FDA) has asked the departments of defense, homeland security, and agriculture to help it develop a rapid test for the pathogen, the AP reported today. Current testing methods can take as long as 9 days to identify Salmonella, but David Acheson, MD, the FDA’s assistant commissioner of food safety, said he hoped that a rapid test could narrow the delay to 5 days or less.[Mar 10 AP story]Malaria drug shows no benefit for prion disease patientsThe antimalarial drug quinacrine, although it can inhibit conversion of normal prion proteins to abnormal ones in vitro, did not significantly improve survivability in patients with prion diseases, according to study that appeared today online in The Lancet Neurology. An observational study of 107 patients, 40 of whom took quinacrine, showed that though the drug was well tolerated at 300 mg per day, only 4 of the patients had transient responses on neurologic rating scales. There are no approved treatments to prevent or reverse human prion diseases such as Creutzfeldt-Jakob disease.[Mar 10 The Lancet Neurology study]Sanofi to build flu vaccine plant in MexicoSanofi-Aventis announced yesterday that it signed an agreement with Mexico to build a $100 million facility to manufacture influenza vaccines in Ocoyoacac, Mexico. Sanofi said it would collaborate with Bimex, a Mexican federal vaccine maker, to perform some manufacturing steps and distribute the influenza vaccines in Mexico. The facility will have the capacity to make up to 25 million seasonal flu vaccine doses and will be able to switch to pandemic vaccine manufacturing once the WHO declares an influenza pandemic.last_img read more

Officials lower expectations for size of first novel flu vaccine deliveries

first_imgAug 14, 2009 (CIDRAP News) – Federal officials today during a pandemic H1N1 planning update dialed back the number of novel flu vaccine doses they expect in October from 120 million to 45 million, listing several reasons for the smaller projection.During a late July meeting of a federal immunization advisory panel, which targeted 159 million people to receive the first doses, authorities projected that 120 million doses would be available in October, with another 80 million per month in the following months.However, during a National Biodefense Safety Board (NBSB) teleconference today, Dr. Robin Robinson, director of the Biological Advanced Research and Development Authority (BARDA) at the US Department of Health and Human Services (HHS), said the latest expectation is 45 million doses by mid October, with manufacturers delivering 20 million doses per week after that.He said the revised estimate is based on several factors expected to slow vaccine delivery from manufacturers. Health officials have already acknowledged that yields of the novel H1N1 antigen are less than for the seasonal flu vaccine. Robinson also said vaccine makers have a limited number of fill-and-finish sites, which are just completing seasonal flu vaccine production, but that federal officials are looking for ways to maximize the current capacity.CSL Biotherapies, an Australian company that is one of the five manufacturers making pandemic H1N1 vaccine for the US market, has a contractual obligation to produce vaccine first for its home country, Robinson said. Because Australia is in the midst of the Southern Hemisphere’s flu season, the United States will work with CSL to ensure that it can deliver vaccine doses to both countries.Another factor that has added to the delay in ramping up production of the novel flu vaccine is that one of the companies making seasonal flu vaccine is having problems finishing up production so that it can clear the decks to make novel flu vaccine, Robinson said. The delay has impacted vaccine timelines by 4 to 6 weeks, he said.A new seed strain developed to replace the slower-growing strain in lab studies looks like it will produce better novel H1N1 antigen yields that are on par with those for the seasonal vaccine, Robinson said, adding that federal officials will be working with manufacturers over the next 2 weeks to see if the improved yields are also seen in commercial production.In an update on the nation’s antiviral stockpiles, Robin said that 84 million treatment courses are currently in federal and state stockpiles and that 3 million more doses are expected soon. He projected that a total of 100 million antiviral treatment courses will be available this fall, but he added that only a small amount will be available commercially.Federal officials are currently discussing if the experimental antiviral drug peramivir should be allowed under an emergency use authorization (EUA) for treating critically ill seasonal or novel flu patients. He said a final decision would be made soon. Peramivir, a neuraminidase inhibitor developed by BioCryst Pharmaceuticals, can be given by intravenous (IV) or intramuscular (IM) routes. Phase 2 study results of the drug were disappointing. However, the company announced in mid July that initial phase 3 study of an IV version of the drug conducted in Asia showed that the drug was safe and well tolerated.During the comment part of the meeting, some of the NBSB board members and members of the public expressed concerns about the current lack of an IV or IM antiviral treatment, urging officials to strongly consider approving an EUA for peramivir.See also:Jul 17 BioCryst press releaseJul 29 CIDRAP News story “ACIP targets up to 159 million Americans for H1N1 vaccination”last_img read more

Monthly benchmarking report for campsites and comparison of camping prices in Kvarner

first_imgIn 2018, from 1.1. to 6.6., a total of 468.389 arrivals and 2.186.517 overnight stays were realized in the camps, which represents an increase in arrivals by 16% and overnight stays by 34%, according to the Croatian Camping Union (KUH).However, after a constant increase from the beginning of the year, in June (1.6.-6.6.), A total of 410.587 overnight stays were realized, ie a decrease of 17% compared to the same period last year. However, June is still going on, and in the measured time period it was only taken into account in the first week of June, so there is still room to repair the statistics, which is great for campsites this year.By country, the first is Germany (with + 57% of overnight stays), followed by Slovenia (+ 8% of overnight stays) and Austria (+ 23% of overnight stays).Comparison of camping prices in KvarnerAccording to the annual traditional analysis of the Avtokampi.si portal, based on the price analysis for the 2018 season, in 32 Kvarner campsites prices increased on average by 7,5%.Tako the average price of “family camping” in Kvarner is 48,60 euros. According to the analysis, the lowest price a guest can pay for such family camping in the main season in Kvarner is 31,00 euros, and the most expensive is 69,60 euros. See more details here Monthly benchmarking report for camps – 04/2018.Monthly benchmarking report for campsites – 04/2018, you can download via of this linklast_img read more