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Increase in cyber incidents in the UKStocks closed lower as Wall Street ended a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose slightly. On Friday: The S&P 500 fell 66.75 points, or 1.1%, to 5,970.84. The Dow Jones Industrial Average dropped 333.59 points, or 0.8%, to 49,992.21. The Nasdaq composite fell 298.33 points, or 1.5%, to 19,722.03. The Russell 2000 index of smaller companies dropped 35.60 points, or 1.6%, to 2,244.59. For the week: The S&P 500 is up 39.99 points, or 0.7%. The Dow is up 151.95 points, or 0.4%. The Nasdaq is up 149.43 points, or 0.8% The Russell 2000 is up 2.22 points, or 0.1%. For the year: The S&P 500 is up 1,201.01 points, or 25.2%. The Dow is up 5,302.67, or 14.1%. The Nasdaq is up 4,710.68 points, or 31.4%. The Russell 2000 is up 217.52 points, or 10.7%.Mutual of America Capital Management LLC Sells 6,788 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

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CG Oncology, Inc. ( NASDAQ:CGON – Get Free Report ) shot up 2.5% during mid-day trading on Friday . The stock traded as high as $29.90 and last traded at $29.85. 328,509 shares were traded during mid-day trading, a decline of 51% from the average session volume of 667,276 shares. The stock had previously closed at $29.11. Wall Street Analyst Weigh In Several research firms have recently issued reports on CGON. Bank of America reaffirmed a “buy” rating and set a $65.00 price target on shares of CG Oncology in a research note on Tuesday, October 8th. HC Wainwright reaffirmed a “buy” rating and set a $75.00 target price on shares of CG Oncology in a report on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price target on shares of CG Oncology in a research note on Friday, December 6th. Finally, UBS Group assumed coverage on CG Oncology in a research note on Thursday, October 24th. They issued a “buy” rating and a $60.00 price objective on the stock. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $63.88. View Our Latest Report on CGON CG Oncology Stock Performance CG Oncology ( NASDAQ:CGON – Get Free Report ) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.06. The firm had revenue of $0.04 million for the quarter, compared to analysts’ expectations of $0.30 million. CG Oncology had a negative return on equity of 18.97% and a negative net margin of 10,642.98%. On average, research analysts forecast that CG Oncology, Inc. will post -1.32 earnings per share for the current year. Insider Buying and Selling In related news, Director Leonard E. Post sold 1,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $34.54, for a total value of $34,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Hong Fang Song sold 700,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $28.00, for a total value of $19,600,000.00. Following the transaction, the director now directly owns 3,003,931 shares in the company, valued at approximately $84,110,068. This trade represents a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Institutional Investors Weigh In On CG Oncology A number of hedge funds have recently added to or reduced their stakes in CGON. Amalgamated Bank raised its position in shares of CG Oncology by 107.6% during the third quarter. Amalgamated Bank now owns 1,621 shares of the company’s stock worth $61,000 after purchasing an additional 840 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in CG Oncology during the 3rd quarter valued at $241,000. Profund Advisors LLC acquired a new position in CG Oncology during the second quarter worth $300,000. HighVista Strategies LLC bought a new position in shares of CG Oncology in the third quarter valued at $594,000. Finally, M&T Bank Corp grew its holdings in shares of CG Oncology by 55.7% during the third quarter. M&T Bank Corp now owns 16,758 shares of the company’s stock valued at $632,000 after buying an additional 5,996 shares during the last quarter. Institutional investors and hedge funds own 26.56% of the company’s stock. CG Oncology Company Profile ( Get Free Report ) CG Oncology, Inc, an oncolytic immunotherapy company, focuses on developing and commercializing backbone bladder-sparing therapeutics for patients with bladder cancer. The company develops BOND-003 for the treatment of high-risk bacillus calmette guerin (BCG)-unresponsive non-muscle invasive bladder cancer (NMIBC) patients; CORE-001 to treat cretostimogene in combination with pembrolizumab in high-risk BCG-unresponsive NMIBC patients; and CORE-002 for the treatment of cretostimogene in combination with the checkpoint inhibitor nivolumab in muscle invasive bladder cancer patients. Featured Articles Receive News & Ratings for CG Oncology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CG Oncology and related companies with MarketBeat.com's FREE daily email newsletter .Victory Capital Management Inc. Sells 13,087 Shares of Kite Realty Group Trust (NYSE:KRG)

NEW YORK (AP) — Greg Gumbel, a longtime CBS sportscaster, has died from cancer, according to a statement from family released by CBS on Friday. He was 78. “He leaves behind a legacy of love, inspiration and dedication to over 50 extraordinary years in the sports broadcast industry; and his iconic voice will never be forgotten,” his wife Marcy Gumbel and daughter Michelle Gumbel said in a statement. In March, Gumbel missed his first NCAA Tournament since 1997 due to what he said at the time were family health issues. Gumbel was the studio host for CBS since returning to the network from NBC in 1998. Gumbel signed an extension with CBS last year that allowed him to continue hosting college basketball while stepping back from NFL announcing duties. In 2001, he announced Super Bowl XXXV for CBS, becoming the first Black announcer in the U.S. to call play-by-play of a major sports championship. David Berson, president and CEO of CBS Sports, described Greg Gumbel as breaking barriers and setting standards for others during his years as a voice for fans in sports, including in the NFL and March Madness. “A tremendous broadcaster and gifted storyteller, Greg led one of the most remarkable and groundbreaking sports broadcasting careers of all time,” said Berson. Gumbel had two stints at CBS, leaving the network for NBC when it lost football in 1994 and returning when it regained the contract in 1998. He hosted CBS’ coverage of the 1992 and 1994 Winter Olympics and called Major League Baseball games during its four-year run broadcasting the national pastime. But it was football and basketball where he was best known and made his biggest impact. Gumbel hosted CBS’ NFL studio show, “The NFL Today” from 1990 to 1993 and again in 2004. He also called NFL games as the network’s lead play-by-play announcer from 1998 to 2003, including Super Bowl XXXV and XXXVIII. He returned to the NFL booth in 2005, leaving that role after the 2022 season.The NDIC has reassured depositors of the crashed Heritage Bank that their funds will be paid promptly The corporation also highlighted moves to clear payment delays months after the CBN revoked the bank's license It added that it has initiated the process of debt recovery and realisation of investments as well as physical assets PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology and the Stock Market. The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has reassured depositors of the former Heritage Bank that efforts are underway to address delays in accessing guaranteed amounts exceeding N5 million. Hassan provided this assurance on Saturday at the 2024 NDIC Editors Forum held in Lagos . The event, themed “Strengthening Nigeria’s Financial Safety-Net: The Role of Deposit Insurance,” focused on bolstering the nation’s financial stability. PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! Legit.ng earlier reported that the Central Bank of Nigeria (CBN) revoked Heritage Bank's licenses in June this year after the bank failed to meet its financial obligations. Read also LCCI sends debt sustainability warning as Tinubu govt plans to borrow another $2.2bn The apex bank subsequently appointed the NDIC as the bank's liquidator. Exercising its statutory powers as the liquidator of failed banks, the commission announced the commencement of the sale of landed properties belonging to the failed bank. NDIC moves to clear payment delays Mr Hassan, represented by NDIC’s Executive Director, Operations, Mustapha Ibrahim, highlighted the corporation’s commitment to expediting payments. He noted that depositors with funds exceeding the insured limit of N5 million are being reimbursed through liquidation dividends obtained from asset recovery and debt collection initiatives. Hassan said: “The corporation has initiated the process of debt recovery and realisation of investments as well as physical assets of the defunct bank to ensure timely payment of uninsured deposits.” He further stated that the NDIC's obligations also include addressing the claims of creditors of the defunct bank, who will be compensated once all depositors have been fully paid. Read also Good news as banks begin repaying MTN, Airtel, others for N250 billion debt Highlighting the NDIC's mandate, he stressed its role in protecting depositors, particularly those less informed, while ensuring the stability of the financial system. Established more than 30 years ago, the NDIC, he said, plays a critical role in safeguarding depositors' funds and reducing risks within the banking sector. According to Premium Times, Hassan noted that the conference theme aligns with the corporation's ongoing interactions with business editors and financial journalists. Mr. Hassan praised the media for its significant contribution to the effective implementation of the deposit insurance system. Multichoice writes off $21m in Heritage Bank In related news, Legit.ng earlier reported that MultiChoice has written off $21 million it had in Heritage Bank. This information was cited in the company's interim financial results for the half-year ending September 30, 2024. MultiChoice's decision to write off the money highlights the challenges that companies in Nigeria face, especially given the country's fragile economy . PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ng

Even blue states are embracing a tougher approach to crimeA businesswoman whose handmade mugs have been shared by influencers such as Molly-Mae and Stacey Solomon, said "mum-guilt" is one of her biggest challenges. Mollie Warrington, from Cardiff, started her business plan while pregnant and launched Naetive Studio while on maternity leave in 2022. Academic Dr Lauren Josie Thomas said women often faced added barriers, including pressure to be "a rockstar working mum who can handle it all". Business Wales said it was committed to supporting female entrepreneurs to start and grow businesses. After settling for an insurance job after university, it was only when the pandemic hit that Mollie, 30, had the time to settle on a business idea. "I had eight weeks of being at home not allowed to leave the house. I was watching influencers and they'd always have a cup, but no-one was sharing the cup. "[I thought] I'm going to make a cup worth talking about," she said. The interior design graduate had always wanted to create something of her own, and when she got pregnant, she saw it as the opportunity to take the leap. "I used the nine months that I was pregnant to plan what I was going to do with my maternity leave, and then saved every month then so that I could be OK in maternity leave. "I just knew then, I'm going to have a pottery business," she added. The business owner said she made sure she did not put any pressure on herself, but as soon as her baby, Rio, settled into a routine, she began making mugs. "I'd have the monitor next to me and he'd cry or he'd start moving, so I'd go see him, and then he would go back to sleep. "I would then go back to my little mug and carry on pinching it," she described. The mum-of-one would make about 15 mugs a week when the business launched in July 2022, with small drops that would sell out in minutes. Now she has a team of 12, making 400 custom orders a week and is, stocked in shops such as Anthropologie. Part of her growth has been driven by producing mugs for influencers in the hope they might share them, with former Love Island star Molly-Mae Hague doing just that. "I didn't actually plan what was going to happen if she shared, and she did share, and we had like 40,000 people on the website and at that point I didn't have anything to sell," she laughed. Mollie said she learned from that experience. She needed to expand her manufacturing, and now runs two units to cope with any extra demand. She said the process had not been without its obstacles. "There's enough pressure. Mum guilt is one of my biggest challenges, even when it rains, I feel guilty, and I can't control the weather," she said For anyone thinking of starting a business while on paid leave from their job, experts suggest checking the terms of their contract. Dr Lauren Josie Thomas from the University of South Wales has spent the last year working with the Confederation of British Industry (CBI) researching women and leadership in Wales, and what barriers they were facing. "A lot of challenges that entrepreneurs face are exactly the same, except those women are leading a business and potentially trying to grow it without some of the traditional support you might find in the workplace," she added. The academic cited childcare as a major barrier for women, as well as the pressure to "have it all". "To be someone's partner, someone's mother and be present in a business, and making good decisions when even one of those things requires 100% of you. It's near impossible," she added. She pointed to how much funding female-led businesses were given compared with men. The British Business Bank Equity Tracker Report 2023 found female founders were less likely to secure funding for their businesses, and faced gender bias. Dr Thomas added, anecdotally, she knew of women who had "taken off their wedding ring", or removed their "lockdown social media", to hide their family life from potential investors. Data from Longitudinal Small Business Survey 2023, run by the UK government's Department for Business and Trade, showed 16% of small and medium sized enterprises (SME) employers in Wales reported being women-led. Business Wales said it was committed to supporting a culture of entrepreneurship and supporting female entrepreneurs to start and grow businesses. The service has supported 3,995 start-ups led by female entrepreneurs since 2016, which is 55% of all businesses supported. "Business Wales has also helped 6,499 existing female-led businesses with their development and growth plans over the same time - which is 46.8% of all businesses supported," a spokesperson added.

‘Oh, Canada’ review: Richard Gere shows the price of a lifetime of deceptionThe Inspector General (IG) of Police has emphasized a transformative agenda for the police service and outlined the core strategies aimed at elevating police operations, enhancing service delivery, and fostering stronger ties with members of the public. Speaking Friday during the closing of National Police Service, County Commanders’ Strategic Leadership Course held at Police Leadership Academy, Ngong, Inspector General of Police Douglas Kanja highlighted the critical role of training in the transformation journey. “We are committed to ensuring our police stations become centers of excellence for operations and public service,” he said, noting that the journey demands a collective effort, continuous training, and a shared vision among all officers. The IG underscored several initiatives that are currently underway, including a strategic training programme where senior officers, including county police commanders, are at the forefront of efforts to revamp the police force. They are tasked with supervising divisions and ensuring the implementation of best practices across stations. Additionally, the IG announced the rollout of a digitalization of police station systems under digital transformation, an initiative that will enable citizens to report incidents from the comfort of their homes using smartphones. The system enhances efficiency by assigning cases through a centralized dashboard, reducing bureaucracy and fostering accountability. “Recognising the importance of officers’ well-being, the police service has prioritised mental health programmes that support mental health issues through collaborations with various stakeholders to ensure officers are psychologically fit and serve effectively,” he stated. Kanja noted an improvement in officers’ welfare, stating that plans to provide affordable housing within police stations and divisions are at advanced stages to benefit the police officers, adding that when officers have adequate housing and are well taken care of, they can better serve the public. “By leveraging innovation, we aim to eliminate inefficiencies and build trust between the police and the public,” he stated, expressing a firm commitment to rooting out corruption through the integration of technology and promising reforms that prioritise professionalism and accountability. He affirmed that a strategic plan launched recently provides a clear roadmap for achieving these goals since their vision is to transform the police service into a model of excellence that the public can depend on. The IG extended felicitations for the holiday season to the officers and their families as he acknowledges all the instructors and officers for their dedication and hard work adding that through collaboration, they will achieve the transformative vision.” Director of the Directorate of Criminal Investigations Amin Mohamed noted that the five-week programme is designed to enhance the leadership and operational skills of officers within the National Police Service. He commended their perseverance throughout the training and acknowledged instructors for their commitment to sharing valuable knowledge and expertise. “I sincerely congratulate each and every graduate for the outstanding work you have accomplished in the field and during this programme,” he said, as he extended gratitude to the instructors. He urged graduates to apply the lessons learnt in their respective commands, emphasising the importance of adapting to an ever-changing environment. “I believe that now you are going back to your respective commands, the five-week stay here has enriched your policing skills and command skills. As you return to your commandos, make use of whatever you have learned and a shared experience as you collaborate,” he said. Amin stated that a strong focus was placed on professionalism and integrity hence commanders are expected to uphold the highest ethical standards, cautioning that once integrity is lost, it cannot be redeemed. By reflecting on the past misconduct within the service, he stressed that professionalism is crucial for maintaining the National Police Services reputation.