Index

Roads of destruction: we found vast numbers of illegal ‘ghost roads’ used to crack open pristine rainforest

Retrieved on: 
Wednesday, April 10, 2024

In an article published today in Nature, my colleagues and I show that illicit, often out-of-control road building is imperilling forests in Indonesia, Malaysia and Papua New Guinea.

Key Points: 
  • In an article published today in Nature, my colleagues and I show that illicit, often out-of-control road building is imperilling forests in Indonesia, Malaysia and Papua New Guinea.
  • Once roads are bulldozed into rainforests, illegal loggers, miners, poachers and landgrabbers arrive.
  • Once they get access, they can destroy forests, harm native ecosystems and even drive out or kill indigenous peoples.
  • All nations have some unmapped or unofficial roads, but the situation is especially bad in biodiversity-rich developing nations, where roads are proliferating at the fastest pace in human history.

Mapping ghost roads

  • This workforce then spent some 7,000 hours hand-mapping roads, using fine-scale satellite images from Google Earth.
  • For starters, unmapped ghost roads seemed to be nearly everywhere.
  • In fact, when comparing our findings to two leading road databases, OpenStreetMap and the Global Roads Inventory Project, we found ghost roads in these regions to be 3 to 6.6 times longer than all mapped roads put together.
  • When ghost roads appear, local deforestation soars – usually immediately after the roads are built.
  • We found the density of roads was by far the most important predictor of forest loss, outstripping 38 other variables.

Roads and protected areas

  • In protected areas, we found only one-third as many roads compared with nearby unprotected lands.
  • The bad news is that when people do build roads inside protected areas, it leads to about the same level of forest destruction compared to roads outside them.
  • Keeping existing protected areas intact is especially urgent, given more than 3,000 protected areas have already been downsized or degraded globally for new roads, mines and local land-use pressures.

Hidden roads and the human footprint

  • To gauge how much impact we’re having, researchers use the human footprint index, which brings together data on human activities such as roads and other infrastructure, land-uses, illumination at night from electrified settlements and so on.
  • When ghost roads are included in mapping the human impact on eastern Borneo, areas with “very high” human disturbance double in size, while the areas of “low” disturbance are halved.

Artificial intelligence

  • Worse, these roads can be actively encouraged by aggressive infrastructure-expansion schemes — most notably China’s Belt and Road Initiative, now active in more than 150 nations.
  • You might think AI could do this better, but that’s not yet true – human eyes can still outperform image-recognition AI software for mapping roads.
  • Once we have this information, we can make it public that so authorities, NGOs and researchers involved in forest protection can see what’s happening.


Distinguished Professor Bill Laurance receives funding from the Australian Research Council and other scientific and philanthropic bodies. He is a former Australian Laureate and director of the Centre for Tropical Environmental and Sustainability Science at James Cook University.

Pharming announces completion of enrollment in pediatric clinical trial of leniolisib

Retrieved on: 
Monday, April 8, 2024

Pharming plans to include data from this 4–11-year-old trial in regulatory filings worldwide for the approval of leniolisib for pediatric patients with APDS, beginning in 2025.

Key Points: 
  • Pharming plans to include data from this 4–11-year-old trial in regulatory filings worldwide for the approval of leniolisib for pediatric patients with APDS, beginning in 2025.
  • Anurag Relan, MD, MPH, Chief Medical Officer of Pharming, commented:
    “This is the first clinical trial for younger pediatric patients with APDS, who have a significant unmet need for a disease modifying treatment.
  • I am pleased with the progress made in our Phase III pediatric clinical program evaluating leniolisib in children with APDS.
  • Eligible patients enrolled in either of the pediatric trials will continue to receive leniolisib for a year after the initial 12-week treatment period through an open-label extension trial.

Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund, and Grayscale® Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for First Quarter 2024

Retrieved on: 
Thursday, April 4, 2024

Neither GDLC, nor DEFG, nor GSCPxE Fund generate any income, and all regularly distribute Fund Components to pay for ongoing expenses.

Key Points: 
  • Neither GDLC, nor DEFG, nor GSCPxE Fund generate any income, and all regularly distribute Fund Components to pay for ongoing expenses.
  • Therefore, the amount of Fund Components represented by shares of each fund gradually decreases over time.
  • *Largest by AUM as of April 4, 2024
    **The compositions of the GDLC, DEFG and GSCPxE Fund are evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the index methodologies established by the Index Provider.
  • Holdings and weightings of each Fund are subject to change.

Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend

Retrieved on: 
Monday, April 1, 2024

The common stock dividend is payable on April 19, 2024 to shareholders of record as of April 12, 2024.

Key Points: 
  • The common stock dividend is payable on April 19, 2024 to shareholders of record as of April 12, 2024.
  • Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-five quarters.
  • Bank OZK’s consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA) since January 2018.
  • Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence.

Conditional Share Awards

Retrieved on: 
Thursday, March 28, 2024

Serabi announces that on 27 March 2024 the Board of Directors agreed to award in aggregate 310,922 Conditional Share Awards to employees of the Company.

Key Points: 
  • Serabi announces that on 27 March 2024 the Board of Directors agreed to award in aggregate 310,922 Conditional Share Awards to employees of the Company.
  • None of the awards have been made to Directors of the Company The awards are part of the Company's normal compensation review for senior management and the issuance is made under the Serabi 2020 Restricted Share Plan (the “2020 Plan”) which was approved by shareholders on 16 June 2020 and adopted by the Board on 10 November 2020.
  • The underlying shares to be issued pursuant to each of the Conditional Share Awards will only be issued and the rights transferred to the employees after the completion of the performance period and only in such amount (if any) as is required based on the achievement of the performance criteria.
  • Following these latest awards there are 2,814,541 Conditional Share Awards in issue representing 3.7% of the issued share capital of the Company.

Erasca Reports Fourth Quarter 2023 and Full Year 2023 Business Updates and Financial Results

Retrieved on: 
Wednesday, March 27, 2024

SAN DIEGO, March 27, 2024 (GLOBE NEWSWIRE) -- Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today provided business updates and reported financial results for the fiscal quarter and full year ended December 31, 2023.

Key Points: 
  • In addition, a strategic pipeline prioritization sharpened Erasca’s focus on existing programs that we believe have the highest probability of success for patients.
  • Research and Development (R&D) Expenses: R&D expenses were $24.8 million for the quarter ended December 31, 2023, compared to $29.4 million for the quarter ended December 31, 2022.
  • General and Administrative (G&A) Expenses: G&A expenses were $9.1 million for the quarter ended December 31, 2023, compared to $8.7 million for the quarter ended December 31, 2022.
  • Erasca will hold a conference call and webcast on Thursday, March 28, 2024 at 8:30 am ET.

Wasabi Technologies Introduces Wasabi AiR™, Pioneering Intelligent Media Storage for Sports, Media and Entertainment Industries

Retrieved on: 
Tuesday, April 9, 2024

Wasabi Technologies , the hot cloud storage company, today introduced Wasabi AiR ™, the industry's first AI-enabled intelligent media storage.

Key Points: 
  • Wasabi Technologies , the hot cloud storage company, today introduced Wasabi AiR ™, the industry's first AI-enabled intelligent media storage.
  • Wasabi AiR combines Wasabi’s high-performance, low-cost object storage with advanced AI metadata auto-tagging and multilingual searchable speech-to-text transcription.
  • Wasabi AiR greatly reduces the cost of metadata creation: with Wasabi AiR, customers pay only for the storage.
  • Wasabi AiR represents a significant advancement in tackling the longstanding issue of managing extensive data archives, within a substantial market for intelligent media storage solutions."

Hiring Growth for Small Businesses Continues in March

Retrieved on: 
Tuesday, April 9, 2024

The CBIZ SBEI tracks payroll and hiring trends for over 3,000 companies that have 300 or fewer employees, providing broad insight into small business trends.

Key Points: 
  • The CBIZ SBEI tracks payroll and hiring trends for over 3,000 companies that have 300 or fewer employees, providing broad insight into small business trends.
  • Meanwhile, the ADP employment report indicated hiring growth among small, medium and large-sized companies.
  • Small businesses accounted for an increase of 16,000 of those jobs on a seasonally adjusted, month-over-month basis.
  • Whether small businesses can continue this hiring trend is up in the air.

Palmer Square Capital Launches European CLO Index

Retrieved on: 
Monday, April 8, 2024

Palmer Square Capital Management, a credit-focused asset management firm with over $30 billion in assets, has announced the launch of an index designed to benchmark the European collateralized loan obligation market.

Key Points: 
  • Palmer Square Capital Management, a credit-focused asset management firm with over $30 billion in assets, has announced the launch of an index designed to benchmark the European collateralized loan obligation market.
  • The Palmer Square CLO EUR Debt Index is a rules-based observable pricing and total return index for European CLO debt.
  • It is the first broadly available CLO manager provided index for European CLO debt.
  • Market participants who are not current Palmer Square clients and are interested in accessing the data should reach out to Palmer Square to set up a trial.

Q2 TD Cowen/AFS Freight Index: Parcel surcharge changes wring out additional revenue, LTL and truckload rates hold steady

Retrieved on: 
Tuesday, April 9, 2024

ATLANTA, April 9, 2024 /PRNewswire/ -- AFS Logistics, an industry-leading third-party logistics (3PL) provider, and TD Cowen announce the second quarter (Q2) 2024 release of the TD Cowen/AFS Freight Index, a snapshot with predictive pricing for truckload, less-than-truckload (LTL) and parcel transportation markets. The latest release of the index expects LTL and truckload rates to remain steady, consistent with trends established since Q2 of last year. In parcel, the index shows the effect of fuel surcharge increases and other accessorial changes to drive net rate growth in Q1 and Q2 2024, despite limited overall demand.

Key Points: 
  • The latest release of the index expects LTL and truckload rates to remain steady, consistent with trends established since Q2 of last year.
  • In parcel, the index shows the effect of fuel surcharge increases and other accessorial changes to drive net rate growth in Q1 and Q2 2024, despite limited overall demand.
  • "While truckload and LTL markets are largely a continuation of established trends, parcel carriers have unleashed a wave of key pricing changes to raise revenue," says Tom Nightingale, CEO of AFS.
  • The ground parcel fuel surcharge is based on the U.S. on-highway diesel fuel index , and express is based on the U.S. Gulf Coast kerosene-type jet fuel .