Press Releases

ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages Telephone and Data Systems, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TDS, TDSPrU, TDSPrV

NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Telephone and Data Systems, Inc. (the “Company” or “TDS”) (NYSE: TDS, TDSPrU, TDSPrV) between May 6, 2022 and November 3, 2022, both dates inclusive (the “Class Period”), of the important July 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased TDS 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 TDS class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or 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 July 3, 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. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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, the Company and its subsidiary, United States Cellular Corporation (“UScellular”), made false and/or misleading statements and/or failed to disclose that: (1) defendants had no reason to believe UScellular’s “free upgrade” promotional activity, which was tested and trialed during the second quarter of 2022, was effective at reducing the Company’s postpaid churn rate as they represented to investors, as opposed to merely adding new postpaid subscribers, when its churn rate was actually increasing or remaining constant over most quarters in the class period; (2) UScellular was not making progress with respect to its churn rate, as it represented to investors; (3) UScellular was not in fact balancing its promotional activity and its profitability; (4) due to extreme competition among postpaid carriers, UScellular did not have the flexibility to offset the costs from widespread, expensive promotions with price increases; and (5) as a result of the Companies’ decision for UScellular to continue engaging in heavy promotions to address its postpaid subscriber churn rate despite any lack of positive impact on churn rate, UScellular’s profitability substantially declined. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the TDS class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or 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.

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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

GlobeNewswire Distribution ID 8838498

Press Releases

Insilico Medicine Founder and CEO to Give Keynote on Disease Modeling with AI at PEGS Boston

Abu Dhabi, May 12, 2023 (GLOBE NEWSWIRE) — Insilico Medicine, a generative artificial intelligence (AI)-driven drug discovery company, announced that Alex Zhavoronkov, PhD, founder and CEO of the Company, will attend the PEGS Boston Summit from May 15-19. He will deliver a keynote presentation on “The State of the Science in Disease Modeling Across Diverse Indications” on May 15 at 11AM at the Hynes Convention Center and join in an interactive discussion on May 15 at 12:45PM.

In his presentation, Dr. Zhavoronkov will make the first announcement of peptide-based drug design strategies and Generative Biologics, a new engine that belongs to the company’s end-to-end AI-driven drug discovery platform Pharma.AI that leverages hundreds of millions of biological data points, machine learning algorithms, and generative biology models to build and design polypeptides from scratch.

A team of expert scientists are developing Pharma.AI at the Insilico Medicine Generative Artificial Intelligence and Quantum Computing Research and Development Center in Abu Dhabi, the region’s largest AI-powered biotechnology research center.

“We are at an exciting moment in the history of generative AI in drug discovery,” says Zhavoronkov. “Thanks to years of accumulated data and technological advances in generative AI, we can find targets and design new small molecules for hard-to-treat diseases with incredible speed and efficiency working in close partnership with pharmaceutical companies. We look forward to using generative AI to explore diverse drug development strategies.”

Insilico Medicine was one of the first companies to use generative adversarial autoencoders for de-novo drug discovery. In 2016, the Company introduced the earliest iternation of its generative biology tool for identifying novel targets with a publication in Nature Communications. Another publication followed in Oncotarget, demonstrating how Insilico could employ generative algorithms with reinforcement learning to design novel small molecules with predefined and optimized properties. By 2018, Insilico integrated generative biology and chemistry approaches into the commercially available Pharma.AI platform that accelerates the process of lead discovery from years to days, and is currently being utilized by 11 of 20 top pharmaceutical companies.

The Company has also utilized the platform to develop its own robust pipeline of assets, including two drugs – for idiopathic pulmonary fibrosis and COVID-19 – currently in clinical trials and many potentially best-in-class and first-in-class assets in preclinical stages of development available for licensing. In total, Insilico has 31 programs across 29 targets, including in fibrosis, oncology, immunology, and central nervous system disorders.

Zhavoronkov says PEGS, the world’s largest gathering of protein engineering and biotherapeutics experts, is the perfect setting for announcing the latest developments to Insilico’s platform. “We were instrumental in the early development of generative biology and generative chemistry, and now we’re advancing AI-designed drugs into clinical trials. It is truly a pivotal moment.”

About Insilico Medicine

Insilico Medicine, a clinical-stage generative artificial intelligence (AI)-driven drug discovery company, is connecting biology, chemistry, and clinical trials analysis using next-generation AI systems. The company has developed AI platforms that utilize deep generative models, reinforcement learning, transformers, and other modern machine learning techniques for novel target discovery and the generation of novel molecular structures with desired properties. Insilico Medicine is developing breakthrough solutions to discover and develop innovative drugs for cancer, fibrosis, immunity, central nervous system diseases, infectious diseases, autoimmune diseases, and aging-related diseases. In early 2023, the Company opened the Insilico Medicine Generative Artificial Intelligence and Quantum Computing Research and Development Centre in Abu Dhabi, the region’s largest AI-powered biotechnology research center. The R&D hub brings together global talent in artificial intelligence and software development to expand the capabilities of Insilico’s end-to-end AI-driven drug discovery platform, Pharma.AI, explore aging research and sustainable chemistry, and support the digital transformation of healthcare in the region.

For more information, visit


Brita Belli
Insilico Medicine

GlobeNewswire Distribution ID 8838633


BMP of ICIEC Signs Agreement to Cover De-risking of Financial Commitment Dues in ICD Member States

The Bank Master Policy (BMP), a multilateral Islamic-Sharia-principled insurance company and a credit arm of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) of the Jeddah-based Islamic Development Bank Group (IsDB), has signed a comprehensive insurance contract with the Islamic Corporation for the Development of the Private Sector (ICD) of IsDB member states, aiming to provide an insurance cover to address de-risking of financial commitment dues of member states.

BMP CEO Oussama Kaissi and ICDE Acting CEO Eng. Hani Salim Sumbul signed the contract for their respective organizations on the sidelines of the 48th annual meeting of IsDB governors, held in Jeddah.

ICIEC has also given the first approval for an insurance document, according to a master plan worth 10 billion Euros, to cover the financing of ICIEC and to provide a 12-month profit-sharing facility.

Source: Saudi Press Agency


MoU Between Saudi Arabia and Republic of Korea on Mutual Recognition of Certificates of Seafarers

The Kingdom of Saudi Arabia and South Korea signed a memorandum of understanding (MoU) for the mutual recognition of seafarers’ certificates between the two countries. The MoU was signed on the Saudi side by the Minister of Transport and Logistics Services and Chairman of the Board of Directors of the Transport General Authority, Saleh bin Nasser Al-Jasser. On the Korean side, the Minister of Oceans and Fisheries Cho Seung-hwan.

The Saudi Ambassador to South Korea exchanged documents ratifying the agreement concluded between the two brotherly countries in the field of maritime cooperation.

The signing of the MoU is to recognize the education, training, and qualification certificates for seafarers working on ships between the Kingdom and South Korea and to implement the provisions of the International Convention (STCW) of 1978 AD and its amendments regarding levels of training, certification and shift work for seafarers. Moreover, to ensure the competence of the officers and sailors working on board the ships of the two countries and their eligibility to carry out their tasks and to achieve optimal standards of maritime safety, property protection and preservation of the marine environment, and to fulfill the requirements of their respective duties while carrying out their work on board the ships.

The memorandum will also enhance aspects of coordination and joint work between the two countries in a situation where the necessary frameworks and legislation to implement its requirements and to provide educational and training programs and evaluation mechanisms to grant certificates to seafarers from the two countries, integration and the participation of fellow seafarers from different countries of the world to ensure the continued flow of global supply chains and logistics services.

The memorandum of understanding for the mutual recognition of seafarers’ certificates between the Kingdom of Saudi Arabia and South Korea includes a set of important regulatory articles such as requirements for recognition of certificates, training and evaluation of seafarers in accordance with the provisions of the basic agreements of the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW), and how the maritime authority issues a certificate of recognition after verifying the requirements, that the assessment of quality standards is compatible with the requirements of Regulation (I/8) of the Basic Agreement, And that those responsible for training and evaluation be appropriately qualified according to the standards of the agreement, as well as the mechanisms of auditing and verifying the validity of issuance of certificates and the validity of their duration, and the exchange of visits necessary to verify the implementation of the requirements. This includes the possibility of visiting the maritime departments and the maritime education and training institutions of the other party in order to see the capabilities of each party to the implementation of the requirements of maritime training and education and issuance of certificates, standards for issuance of certificates, procedures for endorsement, renewal, suspension or cancellation of certificates, as well as the exchange of information regarding the validity of the certificate and ensuring its validity, and the establishment of an electronic database for marine personnel, and other levels of organization and work which serves the sailors working on board ships in both countries.

Furthermore, this memorandum is within the framework of our wise government’s prioritization and concern for the seafarers, supporting them in educational and training programs, developing their capabilities in the maritime sector, and opening new horizons for cooperation and joint work in the fields of knowledge and qualification, in a way that guarantees the improvement of the quality and efficiency of the Saudi seafarers, and to complete the process of giving and make more efforts.

Source: Saudi Press Agency


Russian historian: Syria’s return to Arab League, is a victory for Syrian people resilience

The Russian historian Sergey Medvedev stressed that Syria’s return to the Arab League is a victory for the resilience of the Syrian people, the Arab wisdom and Syria’s friends, particularly Russia which has been always standing by it.

Syria’s return means defeat of the United States, which, along with its Western allies, has lost the bet against Syria and failed to subjugate the Syrian people, Medvedev said in an interview with SANA correspondent in Moscow .

Vice-Chairman of the Association of Russian diplomats Andrey Baklanov, in turn, expressed his country’s support for the Arab consensus on Syria’s return to the Arab League.

The Syrian decision to fight international terrorism proved that it is true and realistic, Baklanov said, stressing that Syria has the right to defend itself and fight the West-backed terrorism.

Russia had a consistent policy of standing by the Syrian people and leadership, the Russian diplomat said.

Baklanov pointed out to the necessity of resolving all other issues, including withdrawal of US and Turkish forces from the Syrian territory, and eleminating all difficulties left by the war and its repercussions in various aspects of economic and social life in Syria.

Source: Syrian Arab News Agency


A cooperation protocol between the labor unions in Syria and Italy

The Federation of Trade Unions in Syria signed a cooperation protocol with the Federation of Workers in Italy in Damascus on Saturday .

The protocol was signed by President of the General Federation of Trade Unions in Syria, Jamal Al-Qadri, and the President of the Federation of Italian Workers, Pier Paolo Leonardi.

Al-Qadri said that this protocol aims to support cooperation relations between the two sides in a way that serves the interests of workers at international trade union forums, and deepens work in this field, in addition to enhancing cooperation on the cultural and tourism levels.

Leonardi referred to the steadfastness of Syria and its leadership, and the sacrifices of its people, including the working class, in the face of terrorism, calling for lifting the unjust blockade imposed on the Syrian people.

The two sides condemned the practices of the Israeli occupation authorities in the occupied Palestinian territories, and called for an end to the attacks on the Palestinian people and to enable them to determine their fate and their right to establish an independent state with Jerusalem as its capital.

After signing the protocol, the Italian trade union delegation visited the Museum of the Syrian Trade Union Movement at the General Union building, and learned about the history of trade union struggle in Syria.

Source: Syrian Arab News Agency


AFC Asian Cup Qatar 2023: AFC Highlights Groups A, B, and C

The Asian Football Confederation (AFC) highlighted the first three groups of the AFC Asian Cup Qatar 2023 to be hosted by Qatar from January 12 until February 10, 2024.

24 national teams will participate in the 18th edition of the Asian championship, whose opening match will see Qatar face off Lebanon.

The AFC report provided the below assessment of Groups A, B, and C: Group A: Defending champions Qatar and China PR will fancy their chances of advancing to the Round of 16 with Lebanon’s previous campaigns having ended in the group stage while Tajikistan will be making their Finals’ debut.

However, the AFC Asian Cup has always delivered surprises and Qatar and China will have to tread with caution.

Group B: Australia’s target is to regain the title they won in 2015 while Uzbekistan will be determined to go further after being eliminated in the Round of 16 in the previous edition.

Syria and India, however, will feel they have a chance as well, setting the stage for some exciting matches in Group B.

Group C: Islamic Republic of Iran, three-time champions and semi-finalists in 2019, will be expected to dominate Group C, with the United Arab Emirates (UAE) – whose campaign ended at the last four stage on home soil four years ago – expected to seal the second automatic slot in the Round of 16.

Hong Kong, China and Palestine, however, will be fired up for the challenge of taking on two of the continents biggest teams.

Qatar is the first country to host the tournament three times in its history, having hosted the 1988 and 2011 editions, ahead of Iran, Thailand, and the UAE, who previously hosted the tournament twice each.

The AFC report provided a historical overview of Group A teams, where the Qatari team participated 10 times in the championship, compared to 12 for China and 2 for Lebanon, whilst AFC Asian Cup Qatar 2023 will witness Tajikistan’s first-ever appearance in the championship’s finals. Qatar’s best achievement was winning the title in the Emirates 2019, along with appearing in the quarter-finals of the 2000 and 2011 editions. China’s best results were finishing runner-up in 1984 and 2004, in addition to being present in every version of the finals, since the inception of the championship in 1976. Whereas, Lebanon made it to the finals first during its hosting of the 2000 edition.

Source: Qatar News Agency


FIFA Organizes Knowledge Exchange Workshop in Algeria

The FIFA organized the first Knowledge Exchange workshop within the FIFA Talent Development Scheme (TDS) in Algiers.

With the support of CAF and the Algerian Football Association, the Algerian capital Algiers staged the first Knowledge Exchange workshop in Africa. Hosted during the prestigious CAF U-17 Africa Cup of Nations, it provided an opportunity for delegates to see some of the continent’s best youth talent on an international stage, the FIFA said on its website. The workshop brought together eight member associations from across Africa, namely: Algeria, Morocco, Senegal, Cote d’Ivoire, Cameroon, Zambia, Ghana and South Africa.

The workshop was designed and delivered by the FIFA TDS and Technical leadership teams with the aim of enabling key members from each MA to share knowledge, combat regional challenges, and explore the leadership capabilities required to accelerate the implementation of the TDS.

The main objective of the FIFA Talent Development Scheme (TDS) is to help raise the standards of men and womens national-team football based on FIFA’s long-term commitment to global talent development.

In December 2022, the FIFA Council approved a funding allocation of USD 200 million to cover the 2023-2026 operational lifecycle of this flagship initiative.

Source: Qatar News Agency


Msakni Named Best Player, Younes Named Best Coach at End of 2022-2023 Season

The Qatar National Convention Center (QNCC) witnessed on Saturday the Qatar Football Association (QFA) Awards Ceremony for the 2022-2023 season, in the presence of HE President of QFA Sheikh Hamad bin Khalifa bin Ahmed Al-Thani and CEO of the Qatar Stars League Hani Ballan. Also present were a number of guests, club presidents, sports personalities, club company representatives, technical and administrative staff, coaches, players and media representatives.

The most prominent stars of the season were honored with various awards.

The Medal of Achievement (highest honors) was newly launched by the Board of Trustees of QFA Awards. It is awarded to personalities who make distinguished contributions during their lifetime to the development of football at the sports and administrative levels.

The Board of Trustees of QFA Awards decided to award this year’s Medal of Achievement to the following: Engineer Helal bin Jeham bin Abdulaziz Al Kuwari is former president of Aspire Zone Foundation, who have had a creditable record having served the country in various platforms and projects, such as stadiums and facilities for the FIFA World Cup Qatar 2022.

Saud bin Abdulaziz Al Mohannadi is former vice-president of the Qatar and Asian football associations, a member of the FIFA Council and was one of the distinguished Qatari sports administrators. He was part of the development and success of football, at the local and Asian levels.

The Football for All Award is given by the QFA Awards Board of Trustees to organizations, groups or individuals making a significant contribution to promote the culture football in society. Al Kass Ramadan Tournament won it this season.

The Best Referee Award was given to the quartet of: Abdulhadi Al Asmar Al Ruwaili – Best Referee; Jomaa Mohammed El Borshid – Best First Assistant Referee; Abdul Majid Hussein Al Kerbi – Best Second Assistant Referee; and Abdulrahman Ibrahim Al Jassim – Video Assistant Referee.

Al Duhail’s Kenyan star striker Michael Olunga won the Mansour Muftah Award (Top Scorer) by scoring 22 goals in the 2022-2023 season QNB Stars League.

The Best Under-23 player award was won by Al Rayyan’s Osama Al Tairi, who received the highest percentage of votes after a strong competition with both Jassim Jaber of Al Arabi and Khaled Mohammed Saleh of Al Duhail.

The Best Coach Award was won by Al Arabi’s Qatari coach Younes Ali, who received the highest percentage of votes.

He outwitted Al Duhail’s Argentinian coach Hernan Crespo and Al Wakrah’s Spanish coach Marquez Lopez.

The Best Player Award was won by Al Arabi’s Tunisian star Yousef Msakni, who got the most votes after strong competition from Al Sadd and Qatar national team star Akram Afif and Al Duhail’s Michael Olunga.

The Board of Trustees of the QFA Awards congratulates all winners, and thanks and appreciates all those who attended the closing ceremony of 2022-2023 season.

Source: Qatar News Agency


Al Arabi Coach to QNA: Coach of the Year Award Crowns Efforts of Everyone at the Club

Head coach of Al Arabi football team Younis Ali expressed his happiness with winning coach of the season award, during the closing ceremony of the awards for the best of the 2022/2023 football season. The award ceremony was held today at the Qatar National Convention Center.

Ali guided his team to winning the 51st edition of HH the Amir Cup, defeating Al Sadd 3-0. He told Qatar News Agency (QNA) that he expects the club’s to have even bigger hopes after the win, given its great history.

The 40 year-old said his coach of the year award win, at the third time of asking, was thanks to the efforts of everyone involved whether the management, coaching staff, and the players. He added that he was receiving the award today to crown their efforts throughout the season. Al Arabi finished the league in second place, only two points behind Al Duhail.

He said he was proud to guide his team to the win the club’s ninth HH the Amir Cup, noting that it was a difficult season given the break taken midway through for the World Cup.

Ali is the second Qatari coach to win the award, following Abdullah Mubarak. He said he was delighted to take Al Arabi to where it should be in terms of competing for title, and that his hope is to improve on the team in the off-season in order to continue competing for titles Al Arabi fans aspire for.

Source: Qatar News Agency