UCF will attempt to shake off a dreadful offensive performance when it collides with LSU on Sunday afternoon in the third-place game of the Greenbrier Tip-Off in White Sulphur Springs, W.Va. The Knights (4-1) couldn't get anything going against No. 19 Wisconsin on Friday, going 21-for-62 from the field (33.9 percent) and just 2-for-17 from 3-point range (11.8 percent) en route to an 86-70 loss. Jordan Ivy-Curry finished with 13 points while Keyshawn Hall and Dior Johnson added 11 apiece for UCF, which never led and fell behind by as many as 23. Knights coach Johnny Dawkins is hoping that his team's struggles don't carry over into the meeting with the Tigers (4-1). "We have to do better offensively," Dawkins said. "We have to space the floor better. We have to balance our offense between our perimeter and our bigs. Those are things that we didn't do consistently (on Friday)." LSU also needs to clean things up after committing 15 turnovers in a 74-63 setback against Pitt on Friday. Tigers forward Jalen Reed doesn't believe giving the ball away will be a lingering issue. "I feel like a lot of our turnovers were more on us than them," Reed said. "I feel like a lot of the turnovers were careless, but we're a better team than that and I feel like we'll take care of the ball better moving forward." Reed and Vyctorius Miller each posted 14 points in the loss to the Panthers, with Reed also hauling in seven rebounds. Cam Carter chipped in 11 points. Carter is putting up a team-leading 16.4 points per game. Jordan Sears (12.0 points per game), Reed (11.0) and Miller (10.2) also have scoring averages in double figures. Ivy-Curry (16.8 points per game), Hall (16.2) and Darius Johnson (13.0) have been leading the way for UCF. Sunday marks the first-ever meeting between the Knights and Tigers. --Field Level MediaEd Sheeran apologises for interrupting live TV interview
Pam Bondi could fix the DOJ and help provide justice for allHelping to drown out the noiseNone
The Dallas Cowboys ruled out right guard Zack Martin and cornerback Trevon Diggs with injuries on Saturday, one day prior to a road game against the Washington Commanders. Martin has been dealing with ankle and shoulder injuries and didn't practice at all this week before initially being listed as doubtful to play on Friday. He also physically struggled during Monday night's loss to the Houston Texans. Martin, who turned 34 on Wednesday, has started all 162 games played in 11 seasons with the Cowboys. He's a nine-time Pro Bowl selection and a seven-time first-team All-Pro. Diggs has been dealing with groin and knee injuries. He was listed as questionable on Friday before being downgraded Saturday. Diggs, 26, has 37 tackles and two interceptions in 10 games this season. The two-time Pro Bowl pick led the NFL with 11 picks in 2021 and has 20 in 57 games. The Cowboys elected not to activate receiver Brandin Cooks (knee) for the game. He returned to practice earlier this week and he was listed as questionable on Friday. Dallas activated offensive tackle Chuma Edoga (toe) and defensive end Marshawn Kneeland (knee) off injured reserve Saturday, placed safety Markquese Bell (shoulder) on IR and released defensive end KJ Henry. Tight end Jake Ferguson (concussion) was previously ruled out. Tight end Princeton Fant was elevated from the practice squad to replace him. Cornerback Kemon Hall also was elevated from the practice squad. --Field Level MediaCowboys G Zack Martin, CB Trevon Diggs out vs. CommandersTEHRAN – China's Ambassador to Iran, Cong Peiwu, has reaffirmed Beijing's steadfast commitment to strengthening bilateral relations with Tehran, highlighting the robust nature of their strategic partnership in a recent interview with Tasnim News Agency. "No matter how the international and regional situation changes, China will unswervingly develop its friendly cooperation with Iran," the ambassador said, underlining China's resolute stance on the bilateral relationship. Referring to the economic ties between the two nations, Cong highlighted China’s status as Iran's premier trading partner. “Iran continues to serve as a vital oil supplier to China while successfully expanding its market presence through specialized products, including citrus fruits, pistachios, carpets, and handicrafts,” the ambassador added. Cong highlighted the shared heritage of Iran and China along the ancient Silk Road, noting that their bilateral relationship has transformed into a comprehensive strategic partnership with various dimensions. "Despite international pressures and changing global dynamics, China has maintained its commitment to developing strong ties with Iran," Ambassador Cong emphasized, positioning the relationship as fundamental to both nations' strategic interests and regional stability. The ambassador noted that a major milestone in bilateral cooperation was reached in July with the launch of the first "Qom-Yiwu" freight train journey, showcasing the practical execution of the Belt and Road Initiative (BRI). Iran's relationship with China reached new heights with the signing of a 25-year strategic cooperation agreement in March 2021, establishing a comprehensive framework for collaboration across political, economic, cultural, and defense sectors. This agreement, initially proposed during President Xi Jinping's 2016 Tehran visit, is believed to demonstrate both nations' determination to withstand external pressures. Ambassador Cong also emphasized Iran's strategic importance both historically and in the contemporary context of the BRI. He noted Iran's consistent participation in the China International Import Expo, describing it as "an important platform for Iranian products to integrate into the Chinese market and enter the global market." Elsewhere in his remarks, Ambassador Cong emphasized that the diplomatic relationship between the two nations has gained additional momentum through Iran's recent integration into major intragovernmental frameworks. Iran's full membership in the Shanghai Cooperation Organization was formalized during its 23rd virtual summit in July 2023, followed by its inclusion in BRICS alongside several other nations in early 2024. The expanded BRICS alliance now represents approximately 40% of the global population and a quarter of the world's GDP, marking a significant shift in international economic and political dynamics.
Dave Weldon, Trump's CDC pick, could bolster an RFK Jr. anti-vaccine agendaThe Pittsburgh Steelers have a slew of injured players to keep an eye on ahead of the Week 17 game against the Kansas City Chiefs on Wednesday. The list includes wide receiver George Pickens, cornerbacks Joey Porter Jr. and Donte Jackson, safety DeShon Elliott and defensive lineman Larry Ogunjobi. Pickens, Jackson, Elliott and Ogunjobi all sat out the Week 16 game against the Baltimore Ravens , and each were sorely missed. Porter Jr. suffered a knee injury during the contest against the Ravens and left early, leaving his status up in the air. According to the Steelers' Monday injury report , which was an estimation because the Steelers only held a walkthrough, Pickens, Elliott, Jackson and Ogunjobi were listed as full participants, while Porter Jr. did not practice for the second straight day. Steelers injury report Here's a look at the Steelers full injury report for Monday. Steelers’ Tuesday Injury Report: pic.twitter.com/Ke7pcbrQbm George Pickens injury update There's great news on the Pickens front, as Gerry Dulac of the Pittsburgh Post-Gazette reports that he's expected to play. When asked about his status for Week 17, Pickens was non-committal. “I feel good, but who makes the decision is the coaches and the doctors," he said, per ESPN's Brooke Pryor . "So just whatever they tell me to do, I'm doing. Whenever you guys find out is when I'll find out.” Donte Jackson injury update Also per Pryor, Jackson revealed that he is going to play against the Chiefs. "Just get out there, get ready to duke it out. That's all," Jackson said . Joey Porter Jr. injury update Porter Jr. not practicing the first two days of the week means he's trending toward not playing. Head coach Mike Tomlin noted that it would be difficult for the second-year cornerback to play on a short week but considered him as questionable to begin the week. #Steelers Mike Tomlin said it's questionable for Joey Porter, Junior. He says it will 'probably be a difficult time playing' for anyone who didn't make it out of the stadium healthy last night Per The Athletic's Mike DeFabo , Steelers defensive coordinator Teryl Austin said cornerbacks Cory Trice and James Pierre will see time if Porter Jr. is sidelined, but he also noted, "whoever has the hot hand will probably see more reps." Larry Ogunjobi injury update There hasn't been full confirmation about Ogunjobi's status, but the fact that he was listed as an estimated full participant suggests he'll play. DeShon Elliott injury update Like Ogunjobi, there hasn't been any confirmation about Elliott playing, but his full practice on Wednesday means he's in good shape. On Sunday, Tomlin said Elliott has a "real chance to play." MORE PITTSBURGH STEELERS NEWS Ex-Steelers WR Diontae Johnson claimed by AFC playoff team NFL power rankings Week 17: Are Steelers still in top 10 after Ravens loss? Two former Pittsburgh Steelers quarterbacks fail their teams in Week 16
( ) stock zoomed on the news that the company will be taken private by Mubadala Capital, an asset manager based in Abu Dhabi. Will the deal actually go through, or might it face government scrutiny? advisor Jim Gillies shares his take. Prefer to read? There’s a transcript below. Transcript Nicholas Sciple: I’m Motley Fool Canada senior analyst Nick Sciple, and this is the “Five-Minute Major,” here to make you a smarter investor in about five minutes. Today we’re discussing CI Financial’s CAD$12.1 billion enterprise value deal to go private. My guest today is lead advisor, Jim Gillies. Jim, thanks for joining me. Jim Gillies: Thanks for the invite and the discussion, Nick. Nick: Jim, we’ve got a big deal to discuss today. On Monday, November 25, Canadian wealth management giant CI Financial announced it had agreed to go private at $32 per share in an all-cash deal to be acquired by Abu Dhabi-based Mubadala Capital. Jim, you’ve been following CI Financial for some time. What did you make of the deal? Jim Gillies: Yeah, I’ve been following for a while. I’ve owned it for two decades on and off myself and recommended in a couple of Foolish newsletters. I was unsurprised that something happened, and yet surprised that it was this definitive. What I’d actually been expecting is, over the past few years, CI has been really diligently and somewhat aggressively, frankly, building up a U.S. wealth management arm that they call Corient. In fact, about a year and a half ago — a year and four months ago — the same Abu Dhabi-based investors were at least partially involved with CI taking on an investment in the U.S. wealth management business called Corient. They took in a billion dollar U.S. stake, in part funded by the Abu Dhabi investment authority, as well as Bain Capital, the state of Wisconsin (for some reason, anyway, that was a little odd). But Abu Dhabi was invested. It was involved there. At the time, you’d take a billion-dollar investment for a 20% stake in a sub area of the business. It was a little weird because the entire market cap of CI at the time was about CAD$2.6 billion. The enterprise value — so cash or the market cap plus net debt — was CAD$5.7 billion. And here was an investment in Corien that valued just Corian at US$ 5 billion. So this was one reason why we had it in a couple services. What I was expecting to come down the pipe in the next couple of years was the the U.S. IPO of Corien. That may, in fact, happen in the next couple years. But I was not expecting that the Abu Dhabi investors, Mubadala Capital, would move to buy the whole thing. That did genuinely surprise me. Nick: Yeah, Jim, this is the biggest investment I can remember of a Middle East investor in Canada. Any chance that impacts closing the deal? Given that this entire Canadian business is being taken private, or, on the other hand, do you think we could see more of these deals of large Middle East investment companies becoming involved in the Canadian market? Jim: Well, I’m not sure of Middle Eastern, but I’m going to go just general foreign takeovers, or maybe foreign takeovers that aren’t U.S. companies. But you know, I look back to 2010; Australian giant BHP Billiton was trying to take over Potash Corp. of Canada, which had previously been the largest company in Canada. The government of the day blocked it. Said it wouldn’t be a net benefit to the country. And why, that’s interesting to me today is: Yes, I think this deal could fall through, but it won’t be because the people involved somehow don’t want it to be. I mean, the insiders are rolling some equity. The chairman, Bill Holland, is rolling some equity. Everybody’s praising the detail of the deal in the press release today. One of the subheadings in the deal press release made me pause, and this comes ahead of any of the transaction details or the board recommendation. There is a section about a third or even a quarter of the way through the press release. The title is “Benefits to Canada.” This, to me, sounds like the people involved here are expecting the Canadian government to take a look at this as a potential foreign takeover similar to BHP proposing to take over Potash and going, “No.” I think they are worried that the Canadian government might prevent this. And so they’re trying to get out ahead and not detail the potential benefits to shareholders, but benefits to the country. And they talk about maintaining leadership, maintaining jobs, maintaining headquarters, and most importantly maintaining CI’s philanthropic support of charitable organizations across Canada. I thought that was interesting, and yes, I think it could signal that they are at least worried the deal will fall through. Nick: And we’ll see where things go from here. This may not be the last episode in this transaction, but in the near term, shares of CI Financial are up significantly today. So it’s certainly a happy day for shareholders. Jim, thanks for joining us for this edition of the “Five-Minute Major.” Hope folks will join us again next time. Jim: Thank you.By ALI SWENSON and BARARA ORTUTAY Bluesky has seen its user base soar since the U.S. presidential election, boosted by people seeking refuge from Elon Musk’s X, which they view as increasingly leaning too far to the right given its owner’s support of President-elect Donald Trump, or wanting an alternative to Meta’s Threads and its algorithms. The platform grew out of the company then known as Twitter, championed by its former CEO Jack Dorsey. Its decentralized approach to social networking was eventually intended to replace Twitter’s core mechanic . That’s unlikely now that the two companies have parted ways. But Bluesky’s growth trajectory — with a user base that has more than doubled since October — could make it a serious competitor to other social platforms. But with growth comes growing pains. It’s not just human users who’ve been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites. The skyrocketing user base — now surpassing 25 million — is the biggest test yet for a relatively young platform that has branded itself as a social media alternative free of the problems plaguing its competitors. According to research firm Similarweb, Bluesky added 7.6 million monthly active app users on iOS and Android in November, an increase of 295.4% since October. It also saw 56.2 million desktop and mobile web visits, in the same period, up 189% from October. Besides the U.S. elections, Bluesky also got a boost when X was briefly banned in Brazil . “They got this spike in attention, they’ve crossed the threshold where it is now worth it for people to flood the platform with spam,” said Laura Edelson, an assistant professor of computer science at Northeastern University and a member of Issue One’s Council for Responsible Social Media. “But they don’t have the cash flow, they don’t have the established team that a larger platform would, so they have to do it all very, very quickly.” To manage growth for its tiny staff, Bluesky started as an invitation-only space until it opened to the public in February. That period gave the site time to build out moderation tools and other distinctive features to attract new users , such as “starter packs” that provide lists of topically curated feeds. Meta recently announced that it is testing a similar feature. Compared to the bigger players like Meta’s platforms or X, Bluesky has a “quite different” value system, said Claire Wardle, a professor at Cornell University and an expert in misinformation. This includes giving users more control over their experience. “The first generation of social media platforms connected the world, but ended up consolidating power in the hands of a few corporations and their leaders,” Bluesky said on its blog in March. “Our online experience doesn’t have to depend on billionaires unilaterally making decisions over what we see. On an open social network like Bluesky, you can shape your experience for yourself.” Because of this mindset, Bluesky has achieved a scrappy underdog status that has attracted users who’ve grown tired of the big players. “People had this idea that it was going to be a different type of social network,” Wardle said. “But the truth is, when you get lots of people in a place and there are eyeballs, it means that it’s in other people’s interests to use bots to create, you know, information that aligns with their perspective.” Little data has emerged to help quantify the rise in impersonator accounts, artificial intelligence-fueled networks and other potentially harmful content on Bluesky. But in recent weeks, users have begun reporting large numbers of apparent AI bots following them, posting plagiarized articles or making seemingly automated divisive comments in replies. Lion Cassens, a Bluesky user and doctoral candidate in the Netherlands, found one such network by accident — a group of German-language accounts with similar bios and AI-generated profile pictures posting in replies to three German newspapers. “I noticed some weird replies under a news post by the German newspaper ‘Die Ziet,’” he said in an email to The Associated Press. “I have a lot of trust in the moderation mechanism on Bluesky, especially compared to Twitter since the layoffs and due to Musk’s more radical stance on freedom of speech. But AI bots are a big challenge, as they will only improve. I hope social media can keep up with that.” Cassens said the bots’ messages have been relatively innocuous so far, but he was concerned about how they could be repurposed in the future to mislead. There are also signs that foreign disinformation narratives have made their way to Bluesky. The disinformation research group Alethea pointed to one low-traction post sharing a false claim about ABC News that had circulated on Russian Telegram channels. Copycat accounts are another challenge. In late November, Alexios Mantzarlis, director of the Security, Trust and Safety Initiative at Cornell Tech, found that of the top 100 most followed named individuals on Bluesky, 44% had at least one duplicate account posing as them. Two weeks later, Mantzarlis said Bluesky had removed around two-thirds of the duplicate accounts he’d initially detected — a sign the site was aware of the issue and attempting to address it. Bluesky posted earlier this month that it had quadrupled its moderation team to keep up with its growing user base. The company also announced it had introduced a new system to detect impersonation and was working to improve its Community Guidelines to provide more detail on what’s allowed. Because of the way the site is built, users also have the option to subscribe to third-party “Labelers” that outsource content moderation by tagging accounts with warnings and context. The company didn’t respond to multiple requests for comment for this story. Even as its challenges aren’t yet at the scale other platforms face, Bluesky is at a “crossroads,” said Edward Perez, a board member at the nonpartisan nonprofit OSET Institute, who previously led Twitter’s civic integrity team. “Whether BlueSky likes it or not, it is being pulled into the real world,” Perez said, noting that it needs to quickly prioritize threats and work to mitigate them if it hopes to continue to grow. That said, disinformation and bots won’t be Bluesky’s only challenges in the months and years to come. As a text-based social network, its entire premise is falling out of favor with younger generations. A recent Pew Research Center poll found that only 17% of American teenagers used X, for instance, down from 23% in 2022. For teens and young adults, TikTok, Instagram and other visual-focused platforms are the places to be. Political polarization is also going against Bluesky ever reaching the size of TikTok, Instagram or even X. “Bluesky is not trying to be all things to all people,” Wardle said, adding that, likely, the days of a Facebook or Instagram emerging where they’re “trying to keep everybody happy” are over. Social platforms are increasingly splintered along political lines and when they aren’t — see Meta’s platforms — the companies behind them are actively working to de-emphasize political content and news. The Associated Press receives support from several private foundations to enhance its explanatory coverage of elections and democracy. See more about AP’s democracy initiative here . The AP is solely responsible for all content.
Cowboys G Zack Martin, CB Trevon Diggs out vs. Commanders
“Workaholics” star Waymond Lee has died. He was 72. Lee’s wife, Diane Lee, and his sister, Norine Lee, confirmed his death to TMZ Sunday. The actor died after battling ALS . Lee was diagnosed with a degenerative brain disease in October, before further testing revealed that he had ALS earlier this month. ALS, also known as Lou Gehrig’s disease, is a progressive and fatal neurological disorder that affects the nerve cells in the brain and spinal cord, according to the Mayo Clinic . Lee starred in over 40 episodes of “Workaholics,” which aired for seven seasons on Comedy Central from 2011 to 2017. The workplace sitcom follows three friends from California who work together as telemarketers and are labeled the “Workaholics.” Some of the “Workaholics” cast members paid tribute to Lee on social media after his death. “Rest in peace Waymond Lee. I am gutted. He was such a kind man,” wrote Adam DeVine , who co-created the show and played Adam DeMamp. “My deepest condolences go out to his wife Diane and the rest of his family,” DeVine’s Instagram tribute to Lee continued. “He was always down to do whatever insane thing we wrote for him on Workaholics. He was always game. A true professional.” DeVine, 41, added, “Even though I haven’t seen him since the workaholics days this is hitting me like a brick to the face. When I think of our show I think of Waymond. The older I get the more I realize what a special time that was. You will be missed Way Way!” Blake Anderson, who also co-created the series and played Blake Henderson, remembered Lee in his own tribute. ‘This KING! Waymond Lee. Rest in peace my friend,” Anderson, 40, began. “I just don’t even know where to begin. The best explanation that comes to mind is in the Marvel multiverse movies when they explain the idea of “anchor beings” Waymond was the workaholics anchor being. The workaholics universe just simply doesn’t exist without him.” “He was there from even before the beginning. He was always blown away and so appreciative of all the love Workaholics fans showed him,” Anderson went on. “I’m very grateful I randomly ran into him on set in 2022 and gave him a big old hug. Such a peaceful and warm guy. He really made my heart smile.” “Waymond was a great dude. All my love goes out to his family and friends,” Anderson added. Another tribute came from “Workaholics” co-creator and star Anders Holm. “Waymond Lee was a great guy,” Holm, 43, wrote. “Even though he never spoke on the show, he was always chatting people up on set. Super positive. Goofy and fun, but would drop some real elder wisdom on us. Loved seeing him get love from the fans and always enjoyed seeing him pop up in other shows and movies.” “The camera loved that guy. He just had a real watchable look and unique comic timing that was all Waymond,” Holm continued, before bringing attention toward Lee’s “real comedy partner,” his wife, Diane. “They were a dynamic duo on set, like a legit sitcom couple,” Holm said. “Sending love to Diane and the rest of Waymond’s family. Everybody loved Waymond. 🙌🏻🙌🏻🙌🏻🙌🏻❤️❤️❤️.” In addition to his role in “Workaholics,” Lee made uncredited appearances in “Grey’s Anatomy,” “It’s Always Sunny in Philadelphia,” “Superstore,” “Dexter, ” “The Cleaning Lady,” “How I Met Your Mother” and “Veep.”LOS ANGELES--(BUSINESS WIRE)--Nov 25, 2024-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF,” or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that it plans to change its Nasdaq ticker symbol from “FFIE” to “FFAI” in early 2025. This change aligns with the Company’s continued focus on its AI strategy that includes its new FX brand strategy. Surveys conducted over the past year also consistently showed a preference for changing the ticker symbol from "FFIE" to "FFAI." The Company plans to announce the date and detailed plans for the official stock ticker symbol change and “FF AI Open Day” in January 2025. “Since its establishment, AI has been an FF cornerstone,” said Matthias Aydt, Global CEO of Faraday Future. “The stock ticker ‘FFAI’ better reflects the Company’s strategic direction. With FF’s AI technology empowering the FX strategy and the gradual implementation of this strategy, we aim to create AIEVs with extreme price-experience ratio, addressing gaps in the U.S. AIEV market, including AI cabins. Our goal is to drive the comprehensive AI transformation of the U.S. EV industry.” FF’s All-AI Technology Architecture to push the boundaries of AIEV Since its founding, FF has recognized that intelligent electric vehicles are not merely tools for transportation but dynamic, evolving “mobile robots.” FF has always believed that its foundation is in AI technologies. AI is at the core of the FF aiHyper 6x4 Architecture 2.0. By leveraging specialized large AI models in the mobility sector, FF AI aims to achieve complete AI integration through cross-domain computing, algorithms, and data, along with end-to-end full-chain integration. This enables a fully integrated AI-driven technology structure, where the four major AI engines empower the four technology systems and six technology platforms. Magic All-In-One AI Engine is powered by a multi-modal large model driven by visual language models (VLMs), aiming at integrating road pre-scanning, cloud data, and vehicle sensors to deliver the ultimate driving experience. Hyper Multi-Vectoring AI engine could leverage large AI models to enable AI-driven control of steering, braking, and power delivery, aiming to unleash the vehicle's Hyper performance through AI technology. The 3rd aiSpace AI Engine leverages proprietary large-scale models specifically designed for mobility, delivering comprehensive intelligent services by seamlessly integrating end-to-end computation, algorithms, and cross-domain data. FF aiDriving AI Engine utilizes a large VLM to achieve deep integration of vision, language, speech, and historical data to make every journey safe, intelligent, and enjoyable. By integrating data from the mobility ecosystem and incorporating third-party general-purpose large models alongside proprietary large-scale models tailored for mobility, the FF AI platform aims to push the boundaries of AIEV technologies and pave the way for an open, collaborative, and mutually beneficial future mobility ecosystem. The FX strategy presents an excellent opportunity for the application and evolution of the Company’s AI strategy. FF’s AI capabilities are planned to empower the FX brand through iterative innovation, enabling AI to consistently redefine the mobility experience. Comprehensive AI Strategy Could Deliver Multi-Dimensional Value for Users, Partners and Industry FF’s AI strategy includes introducing new revenue streams, such as in-vehicle subscriptions and AI-driven value-added services. These innovations could also enhance user loyalty and recognition. For users, FF and FX products could act as “intelligent partners,” with product design centered on natural interaction methods, including voice and gesture controls. These features would deliver intuitive, seamless interactions that continuously improve through learning, offering personalized AI experiences. Through its “AI-First” approach and co-creation ecosystem, FF is driving the evolution of cars from traditional vehicles to intelligent mobile devices, setting new benchmarks for future smart vehicles. By fostering collaboration with global developers and AI experts, FF aims to propel industry-wide innovation, benefiting the sector and its partners. ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility. FORWARD LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding changing the Company’s ticker symbol, hosting an AI open day event, and full integration of AI in the Company’s vehicles, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company may determine to not change its ticker symbol; the Company may determine to not host an AI open day event; the Company’s ability to fully integrate AI into its vehicles on a cost effective basis, if at all; the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company’s ability to secure additional agreements with OEMs that are necessary to execute on the FX strategy; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the “Risk Factors” section of the Company’s first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC. View source version on businesswire.com : https://www.businesswire.com/news/home/20241125391240/en/ Investors (English):ir@faradayfuture.comInvestors (Chinese):cn-ir@faradayfuture.comMedia:john.schilling@ff.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE VEHICLE TECHNOLOGY MOBILE/WIRELESS EV/ELECTRIC VEHICLES INTERNET DATA MANAGEMENT ALTERNATIVE VEHICLES/FUELS IOT (INTERNET OF THINGS) TECHNOLOGY AUTOMOTIVE ARTIFICIAL INTELLIGENCE AUTOMOTIVE MANUFACTURING MANUFACTURING SOURCE: Faraday Future Intelligent Electric Inc. Copyright Business Wire 2024. PUB: 11/25/2024 05:02 PM/DISC: 11/25/2024 05:01 PM http://www.businesswire.com/news/home/20241125391240/en
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