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 https://rosenlegal.com/submit-form/?case_id=15807 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 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 https://rosenlegal.com/submit-form/?case_id=15807 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.

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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 8838498

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 www.insilico.com

Attachment

Brita Belli
Insilico Medicine
475-225-0843
brita@insilico.com

GlobeNewswire Distribution ID 8838633

EGYPT IMPLEMENTS SECOND LARGEST PROJECT IN ITS HISTORY TO SAVE THE COUNTRY

Egypt is implementing huge projects in the field of agricultural development to increase the agricultural area and expand productivity to save the country from a shortage of strategic crops, according to “Russia Today”. The project aims to add about 230,000 acres to the agricultural area, which is completely irrigated from the waters of the underground reservoir in the region, where the project applies the method of clean farming, with the aim of providing agricultural produce free of pollutants to be exported abroad, and the number of companies for which land is allocated in the region is 16, all of which have started implementation.

Source: National News Agency – Lebanon

AL-MURTADA REPRESENTS MIKATI IN BOOK FAIR INAUGURATION

Minister of Culture, Muhammad Wissam al-Murtada, representing Prime Minister Najib Mikati, inaugurated the sponsorship of the 49th Annual Book Fair of the Cultural Association in Tripoli, in the presence of the Minister of Information Ziad al-Makari and the Mufti of Tripoli and the North Sheikh Muhammad Tarek. In the opening speech, the minister considered that Tripoli is the oak of Lebanon, steadfast in the face of the wind and spreading its love in every direction.

Source: National News Agency – Lebanon

President of Guatemala Receives Saudi Minister of Foreign Affairs

President Alejandro Giammattei of the Republic of Guatemala received on Friday Prince Faisal bin Farhan bin Abdullah, the Saudi Minister of Foreign Affairs, on the sidelines of the 9th summit of heads of state and government of the Association of Caribbean States (ACS).

At the outset of the reception, the Minister of Foreign Affairs conveyed the greetings of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, to the Guatemalan president, and their wishes for the government and friendly people of Guatemala for added security and stability. In turn, the president of Guatemala conveyed his greetings and appreciation to the Custodian of the Two Holy Mosques and HRH the Crown Prince and Prime Minister and the government and people of the Kingdom of Saudi Arabia for further progress and continuous progress and development.

During the meeting, participants discussed the existing cooperation between the two friendly countries and ways to enhance and develop them in various fields. They also discussed regional and international developments of common interest.

Source: Saudi Press Agency

Under Custodian of the Two Holy Mosques’ Patronage, IsDB Group Starts Annual Meetings

Under the patronage of the Custodian of The Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Islamic Development Bank (IsDB) Group launched in Jeddah on Thursday its annual meetings for 2023 under the theme “Building Partnerships — Crisis Prevention,” in the presence of Prince Turki bin Faisal bin Abdulaziz, the Chairman of the Board of Directors of King Faisal Center for Research and Islamic Studies; Minister of Finance Mohammed bin Abdullah Al-Jadaan; Organization of Islamic Cooperation (OIC) Secretary General Hissein Brahim Taha; Minister of Economy and Finance of the Republic of Benin and Chairman of the Board of Governors of IsDB Group Romuald Wadagni; ministers of 57 member states of IsDB Group; senior government officials; heads of international organizations, and representatives from the private sector.

At the opening ceremony, the royal anthem was played, and then the audience watched a show narrating the march of IsDB through five decades and the extent of its support for its member countries.

In a speech delivered at the high-profile official event, Wadagni, the Chairman of the IsDB Board of Governors, confirmed the IsDB’s mobilization of the necessary resources to address food security worth over 10 billion, along with its commitment to the climate crisis with no less than 24 billion by 2030, stressing the bank’s endeavor to build partnerships to bring development confidence to the member states, promote long-term sustainable growth in member states, diversify the ability to withstand challenges, adopt effective and efficient strategic approaches, launch comprehensive and sustainable structural reforms, and provide intelligent investment that leads to resilience and reduces climate impacts.

He explained that this meeting is taking place against the backdrop of unprecedented inflation, tight monetary policies, a slowdown in the global economy, supply-chain disruptions, and geopolitical events threatening food security, livelihoods, and development gains achieved so far. He noted that the coronavirus (Covid-19) had pushed many member states to the brink of poverty and left them in precarious living conditions, as high prices for oil, fertilizers, and foodstuffs have disrupted the global supply chains and generally increased costs worldwide, disproportionately affecting the livelihoods of the poorest segments of the international community.

Against this background, Wadagni also stated that the IsDB Group, as the leading institution for financing development in the OIC member states, assumes increasing importance in light of the role it can play in achieving sustainable, resilient, and inclusive growth and in facing global challenges, including high energy prices, food insecurity, and climate change. He hailed the meeting as a very favorable opportunity to assess the recent performance of the member states’ economies, pointing out that the economies of the OIC member states continued to recover, posting a combined gross domestic product (GDP) of $8.5 trillion in 2021, up from $7.2 trillion the previous year. Meanwhile, the average per capita GDP increased from $3,874 in 2020 to $4,582 last year.

Next, Minister of Finance Al-Jadaan delivered a speech during which he conveyed the greetings and welcome of the Custodian of the Two Holy Mosques and HRH the Crown Prince to the attendees of the annual IsDB meetings, which the Kingdom hosts under the generous patronage of the Custodian of the Two Holy Mosques.

He affirmed the Kingdom’s keenness to support development and humanitarian work globally and regionally, and support Islamic development institutions, most notably the IsDB Group. He said this year’s meeting comes in light of successive challenges and multiple opportunities, noting it is wise to strengthen partnerships and cooperation to address challenges, seize opportunities, elevate collaboration to broader horizons and push them to a higher level in a way that serves common interests and enhances development efforts to deal with the challenges of the new era.

He further said, “In light of the successive global crises, this stage requires concerted efforts and more coordination between countries to achieve development goals, including empowering the youth of the Islamic world to participate in the development march, creating appropriate opportunities for development and creativity at all levels, and creating an environment that stimulates creativity. We must join hands and strengthen partnerships to achieve cooperation. We strive confidently to create this constructive environment to see our children lead pioneering actions to advance development towards a decent life and a sustainable economy.”

Al-Jadaan commended the Kingdom’s consistent launching of many international and regional initiatives aimed at facing development challenges, including the Kingdom’s leadership of many global initiatives at the level of the Group of Twenty (G20) member states, the GCC member states, the Arab Coordination Group, and regional and international institutions that aim to support economic recovery and face development challenges, including challenges related to enhancing food security and addressing debts of countries in need.

At the conclusion of his speech, the Minister of Finance announced that the Kingdom of Saudi Arabia would host the celebration of the golden jubilee on the 50th anniversary of the establishment of the IsDB, which will be held next year in the city of Riyadh. He expressed his hopes for the elevation of strategic partnership relations to broader horizons and the drive for cooperation among countries towards a higher level of progress that serves common interests.

Then, Dr. Mohammed Al-Jasser, the president of IsDB Group and chairman of the AAA-rated multilateral institution voiced his thanks and appreciation to the Custodian of the Two Holy Mosques for his generous patronage of the annual meetings of the IsDB Group, and to HRH the Crown Prince for the welcome and great hospitality accorded to all participants, and for all the facilities provided to the bank to enable it to hold these annual meetings, explaining that the Kingdom, over the past five decades, has supported the IsDB steadfastly. It has embraced it since its inception, citing the Kingdom’s adoption of establishing the bank. It was the most prominent country of its founder in 1975, which embodies its pioneering role in developing the Islamic economy.

Dr. Al-Jasser also pointed out that the bank faced many challenges in 2023 due to external and internal circumstances because the worsening global crises during the past two years had a significant impact that led to a noticeable decrease in global trade volume and the disruption of many global supply chains.

He further said, “Also, the international policy towards tightening monetary policy to combat inflation has made borrowing from traditional financial markets prohibitively expensive for member countries. Responding to food security with a value of more than 10 billion dollars over the next three years, in addition to contributing to climate finance with an amount of no less than 13 billion dollars until 2030, reviewing some of the early achievements made by the Bank during 2023, according to the harmonization strategy approved by the governors in the recent annual meetings held in Egypt, and since then the Bank has been fully committed to preparing for the successful implementation of this strategy.”

Source: Saudi Press Agency

Iraq leads OPEC countries in reducing oil production

The Organization of Petroleum Exporting Countries (OPEC) announced that the oil production of the 13 member states of the organization decreased last April by 191 thousand barrels per day, to reach 28,603 million barrels per day compared to last March, due to the decrease in production in Iraq and Nigeria.

The report issued by the organization for the current month revealed that “the largest declines came first from Iraq, as oil production decreased by about 203 thousand barrels per day, to reach 4.139 million barrels per day, after it was 4.342 million barrels last March, then Nigeria, with a decrease of 170 thousand barrels per day to reach 1.180 million barrels per day, and Kuwait and Libya, down 26 and 24 thousand barrels, respectively.

The report indicated that “the countries with the highest increase in their oil production for the month of April were Saudi Arabia, with an increase of 95,000 barrels per day, followed by Angola, with an increase of 79,000 barrels per day, and then Venezuela, with an increase of 24,000 barrels per day.”

OPEC expected, in its report for the month of May, that global oil demand growth would decrease by 500,000 barrels per day in 2023.

Source: National Iraqi News Agency

The Military Intelligence: The arrest of an accused of kidnapping and raping children in Kirkuk

The Military Intelligence arrested a person accused of kidnapping and raping children in Kirkuk.

A statement by the Intelligence Directorate stated: “The suspect was arrested in an elaborate ambush in the village of Al-Opeter, based on accurate intelligence information and complaints received from the people of Al-Multaqa district.”

The statement stated: “the accused was luring children, kidnapping and raping them in the Al-Multaqa district. He was handed over to the requesting party.”

Source: National Iraqi News Agency

Iraq and Malta stress the importance of giving priority to the language of dialogue and understanding in the Russian-Ukrainian crisis

The non-resident Ambassador of Iraq to the Republic of Malta, Siwan Barzani, met the Deputy Speaker of the Maltese Parliament, Angelo Farrugia, at the Parliament’s headquarters in the Capital, Valletta.

A statement of the Ministry of Foreign Affairs stated: “The Ambassador affirmed the Iraqi government’s directions in building the best relations with all countries of the world, praising the level of distinguished bilateral relations that link Iraq with Malta.”

The two sides exchanged views on the most important common regional and international issues, stressing everyone’s endeavor to prevail over the language of dialogue and understanding regarding the Russian-Ukrainian crisis and the search for peaceful solutions to end the existing conflict.

For his part, the Deputy Speaker of the Maltese Parliament referred to the long-term distinguished bilateral relations between the two friendly countries, stressing the importance of exploring new areas of joint cooperation at the highest levels, to enable the two sides to develop trade, cultural and other relations.

He also affirmed Malta’s support for Iraq on the road to reconstruction, and its support for Iraq’s unity, sovereignty and territorial integrity.

Source: National Iraqi News Agency