Day: March 16, 2023

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AMGN ALERT: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Amgen Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AMGN

NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Amgen Inc. (NASDAQ: AMGN) between July 29, 2020 and April 27, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 12, 2023.

SO WHAT: If you purchased Amgen securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Amgen class action, go to https://rosenlegal.com/submit-form/?case_id=13114 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 12, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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. 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 has achieved the largest ever securities class action settlement against a Chinese Company. 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.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the U.S. government claimed Amgen owed more than $3 billion in back taxes for tax years 2010, 2011, and 2012; (2) the U.S. government claimed Amgen owed more than $5 billion in back taxes for tax years 2013, 2014, and 2015; (3) the U.S. government would likely claim Amgen owed materially more to the U.S. government than investors had been led to believe for subsequent tax years for which the Company had used the same profit allocation treatment between its U.S. and Puerto Rico operations; (4) Amgen had not taken sufficient accruals to account for its outstanding tax liabilities; (5) Amgen had failed to comply with ASC 450 and other rules and regulations regarding the preparation of its periodic SEC filings; and (6) Amgen’s refusal to pay taxes claimed by the U.S. government exposed the Company to a substantial risk of severe financial penalties imposed by the IRS. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Amgen class action, go to https://rosenlegal.com/submit-form/?case_id=13114 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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.

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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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8789045

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GCC Secretary General Meets with Tunisian Minister of Foreign Affairs, Immigration and Tunisians Abroad

Gulf Cooperation Council (GCC) Secretary General Jassem Mohamed Albudaiwi met here today with Tunisian Minister of Foreign Affairs, Immigration and Tunisians Abroad Nabil Ammar, on the sidelines of the 49th session of the Council of Foreign Ministers of the Member States of the Organization of Islamic Cooperation (OIC).

During the meeting, the GCC Secretary General affirmed the interest of GCC states in strengthening and developing relations with the Republic of Tunisia in all areas of common interest.

The two officials also discussed a number of international and regional issues and developments.

Source: Saudi Press Agency

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SAMA Permits Buy Now, Pay Later Company

The Saudi Central Bank (SAMA) granted “MIS Forward” a permit to carry out Buy Now Pay Later (BNPL) solution pursuant to Saudi Central Bank law and Finance Companies Control law for providing finance to customers wishing to purchase products and services from merchants without incurring term financing cost.

This initiative is aimed at enticing a new segment of investors and companies that can bring added value to the sector for more efficient operation, while maintaining full adherence to the regulatory and supervisory guidelines defined by SAMA.

SAMA reiterates its commitment to support the financial sector and FinTech for enhancing operational efficiency to promote financial inclusion for the various segments of the society in the Kingdom.

Finally, granting permits to BNPL companies is a step towards achieving the objectives of the FinTech Strategy in its pursuit to be among the leading countries in FinTech.

Source: Saudi Press Agency

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Minister of Culture Meets with His Italian Counterpart

Prince Badr bin Abdullah bin Farhan, Minister of Culture, held a video call today with the Italian Minister of Culture, Gennaro Sangiuliano. The meeting was attended by Rakan bin Ibrahim Al-Touq, Assistant Minister of Culture, and Eng. Fahd bin Abdulrahman Al-Kanaan, Undersecretary of the Ministry of Culture for International Cultural Relations.

During the meeting, the two sides discussed various cultural fields, such as culinary arts, fashion, architecture and design, heritage, visual arts, museums, and music, as they showed interest in enhancing cultural cooperation between the two countries.

Source: Saudi Press Agency

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Russia’s UN mission describes US drone incident as ‘dangerous provocation’

UNITED NATIONS, SANA- The recent incident involving a US drone in the Black Sea was a deliberate and dangerous provocation, Russia’s Deputy Permanent Representative to the United Nations Dmitry Polyansky said in a conversation with American journalist Kim Iversen posted on the Rumble video platform.

According to him, the drone “violated the boundaries of the temporary airspace regime established for the special military operation.”

“The drone was violating the boundaries of the temporary airspace regime, and these boundaries were well-known by the United States. I think it’s part of deconflicting arrangements that are usually agreed with great powers in such situations,” the diplomat pointed out.

“We think it was a deliberate provocation and a very dangerous provocation,” Polyansky said, adding that Russia had every right to prevent such provocations.

Earlier, Russia’s Defense Ministry said in a statement that the Russian Aerospace Forces’ control means had detected a US MQ-9 aerial vehicle near the Crimean Peninsula on Tuesday morning. According to the ministry, the drone, which was flying with its transponders turned off, “violated the boundaries of an area where a temporary mode for using the airspace is in place for the special military operation, which was brought to the attention of all international airspace users and made public in accordance with international rules.”

The Russian Defense Ministry added that the drone’s sharp maneuvering led it into uncontrolled flight, making it lose altitude and crash into the sea. Russian fighter jets did not use airborne weapons or make contact with the aerial vehicle, and they safely returned to their home airfield, the ministry said. According to the United States European Command, a Russian Su-27 aircraft damaged the US drone’s propeller, causing it to crash into the Black Sea.

Source: Syria News Agency

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US, Europe pressure African states to stop cooperation with Russia, says Ozerov

Moscow, SANA- Delegations from the United States, Canada and the EU, in anticipation of the upcoming second Russia-Africa summit, are demanding that African leaders in fact stop cooperation with Moscow, according to the Russian Foreign Ministry.

“There are many examples of this kind. First of all, delegations that come almost daily from Washington and from other Anglo-Saxon countries: from Canada, Great Britain, as well as from the European Union, literally besiege African leaders and African power bodies, parliaments,” Russian Foreign Ministry Ambassador-at-Large Oleg Ozerov was cited by Novosti as saying.

“They nearly demand that cooperation with Russia be stopped,” Ozerov said.

Source: Syria News Agency

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5.3 magnitude earthquake hits off southern Philippines

Manila, SANA- An earthquake measuring 5.3 on the Richter scale struck off the coast of the southern Philippines.

According to the US Geological Survey, the tremor was recorded 180 km northwest of Sarangani village, at a depth of 70.5 km, and there were no immediate reports of material damage or human losses.

The Philippines is located in the Pacific Ring of Fire, where about 90 percent of the world’s earthquakes occur, making it highly vulnerable to disasters.

Source: Syria News Agency

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With SAR879 Million Budget, CDF’s Film Sector Financing Program is Set to Empower Local and International Companies in Saudi Film Sector

The Cultural Development Fund (CDF) announced the launch of its Film Sector Financing Program, with a portfolio of SAR879 million. The program is an initiative of the IGNITE Digital Content Program.

The announcement took place at the Ignite the Scene event, organized in Riyadh by the Ministry of Communications and Information Technology.

The program is open to local and international companies working in the Saudi film sector. It aims to foster a sustainable and thriving Saudi film industry by empowering the private sector with financing packages that support local content and promote filmmaking. These packages are especially geared toward small and medium enterprises (SMEs) in this emerging sector, which is increasingly attracting interest from local and international investors and film enthusiasts.

“We are excited to announce that we have partnered with strategic financial institutions across the country to provide companies working in the film sector with the financial solutions to shore up the film sector, establish financial sustainability for film projects, and enable healthy market dynamics,” said CDF chief executive Mohammed Bindayel. “We invite all financial and investment institutions to join this mission to build and empower this emerging sector.” Bindayel added that the program will activate two funding vehicles, “lending” and “investment.”

During the event, CDF launched the “lending” vehicle by signing two agreements with its financial partners Lendo and Sukuk Capital to provide financing packages to companies working in the Saudi film sector. The “investment” vehicle will be launched later this year.

The financing program was created in response to the growing interest in the Kingdom’s film sector. Companies working in the film sector can seek funds for their projects by applying through the CDF website, https://cdf.gov.sa/film.

The CDF was founded in 2021 with the aim of further enhancing the cultural landscape within Saudi Arabia. Organizationally linked to the National Development Fund, it was established as part of the Quality of Life Program’s initiatives to promote and empower the development of a self-reliant cultural sector. The Fund actively supports a variety of cultural activities, facilitates investment, and seeks to improve the domestic culture sector’s profitability, aligning with Saudi Vision 2030.

Source: Saudi Press Agency

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More than 100 Journalists and 10 Channels Covering AlUla Camel Cup

AlUla Camel Cup enjoys extensive satellite and digital media coverage, with more than 100 media professionals from around the world attending the race, in addition to direct satellite broadcasting through more than 10 media outlets and in several languages.

The organizing committee of the tournament prepared an integrated media center to serve more than 100 media professionals who can work simultaneously in a 20X20 cubic meter area, in addition to the 30 X 20 cubic meter studio located next to the main track of the tournament runs.

The center includes screens directly connected to the event and the accompanying studio, direct transmission from the heritage village dedicated to the accompanying events, and all the services that media professionals need, like an open buffet around the clock, sessions to receive guests, holding press and satellite interviews, and many other services. The organizers will also allocate volunteers for translation in different languages, especially English, Spanish, and French.

Source: Saudi Press Agency

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Inter switches focus to Serie A after European advancement

For the first time in 17 years, three Italian teams reached the Champions League quarterfinals.

Now they will have to focus on ensuring they qualify for next season’s competition in one of the tightest races for the top four in Serie A, reports AP.

Napoli, Inter Milan and AC Milan have all reached the final eight of Europe’s top club competition in a sort of redemption for Italian soccer after the national team again didn’t qualify for the World Cup.

However, only Napoli seems assured of playing in the Champions League next season. The club, which reached the quarterfinals for the first time in its history has an 18-point lead at the top of Serie A and is 21 points clear of fifth-place Roma.

Inter and Milan are second and fourth, respectively, but only three points separate second place from fifth place, with Atalanta also only five points further back.

In such a tight race, the teams know they can’t afford any slipups although all of them dropped points last weekend.

Milan has the easiest match on paper this weekend at Udinese, while Roma visits third-place Lazio in the capital derby.

Inter hosts Juventus in the derby d’Italia on Sunday, knowing that the Bianconeri could also be thrown into the mix for the Champions League spots.

Inter drew 0-0 at Porto on Tuesday to progress 1-0 on aggregate and also relieve a lot of the pressure on coach Simone Inzaghi after mixed results in the league.

The Nerazzurri have won only two of their past five league matches, losing at Spezia and Bologna and drawing at Sampdoria.

Source: Bahrain News Agency