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JAXA shows the sub-surface samples it collected from asteroid Ryugu – Yahoo Tech

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3 Stocks J.P. Morgan Says Are Ready to Rip Higher

Take a deep breath, get ready, the New Year is just around the corner, and while we’re all ready to celebrate – just on principle, because getting out of 2020 is reason enough for joy – let’s also take stock of where we are and where we’re headed.There’s a growing sense of optimism, engendered by the availability of COVID vaccines and the potential they give for a return to normal on Main Streets around the country. Finally, a chance that the lockdown and social distancing regimes truly are going to end, and in the near-term. There is a real chance that, by the end of a 2021, John Q. Public may be getting back on his feet.Combine that with Wall Street’s current ebullience, as stock markets trade at or near their all-time high levels, and we are looking at the prospect of a banner year. A return to grass roots normalcy will be great – but we also have the prospect of an overall rising market. Writing from JPMorgan, chief US equity strategist Dubravko Lakos-Bujas writes, “Equities are facing one of the best backdrops in years. Risks relating to global trade tensions, political uncertainty, and the pandemic, will be going away. At the same time, liquidity conditions remain extremely supportive, and there’s an extremely favorable interest-rate environment. That’s a Goldilocks environment for risky assets.”Lakos-Bujas doesn’t shy away from quantifying his optimism. He is predicting as much as 19% gains for the S&P 500, saying that the index will hit 4,000 in the early part of 2021 and reach as high as 4,400 in the later part of the year. Turning Lakos-Bujas’ outlook into concrete recommendations, JPM’s cadre of stock analysts are pounding the table on three stocks that look especially compelling. We ran the trio through TipRanks database to see what other Wall Street’s analysts have to say about.Sotera Health (SHC)Sotera Health occupies a unique niche in the healthcare industry, offering, through its subsidiaries, a range of safety-oriented support businesses for healthcare providers. These services include sterilization procedures, lab testing, and advisory services – and their importance is immediately clear. Sotera boasts over 5,800 healthcare provider customers in more than 50 countries around the world.While not a new company – two of its branches have been in business since the 1930s and 40s – Sotera is new to the stock markets, having held its IPO just this past November. The initial offering was considered successful, raising $1.2 billion on a sale of 53.6 million shares. Earlier this month, Sotera announced that it used much of the IPO capital to pay down $1.1 billion in existing debt. This included $341 million in a first lien term loan, plus the $770 million in aggregated principal on an issue of senior secured notes. The move allowed Sotera to increase its revolving credit facility to $347.5 million. That facility is currently undrawn.Among the bulls is JPM analyst Tycho Peterson who rates SHC an Overweight (i.e. Buy) along with a one-year price target of $35. This figure suggests a 31% upside from current levels. (To watch Peterson’s track record, click here)”SHC is uniquely positioned to benefit from healthy end-market growth and favorable pricing dynamics,” Peterson noted. “Given a diversified operating platform, sticky multi-year contracts, an efficient pricing strategy, significant barriers to entry and high regulatory oversight, we project ~9% sales growth, with higher utilization driving continued expansion [and] robust FCF supports ongoing de-leveraging, leaving us positive on both the near- and longer-term outlook.” The Wall Street analyst corps is firmly behind Peterson on this one – in fact, the 7 recent reviews are unanimous Buys, making the analyst consensus a Strong Buy. SHC is currently trading for $26.75, and its $32.50 average price target implies an upside of 21.5% by the end of 2021. (See SHC stock analysis on TipRanks)Myovant Sciences (MYOV)Let’s stick with the health care industry, and look at Myovant Sciences. This clinical research biopharma company focuses on major issues of reproductive system disease in both men and women. Specifically, Myovant is working to develop treatments for uterine fibroids, endometriosis, and prostate cancer.Myovant’s pipeline currently features Relugolix as a treatment for fibroids and endometriosis. The drug is in Phase 3 trial for the latter, and has had its NDA submitted for the former. Also in the pipeline, and related to reproductive health, is MVT-602, a new drug designed to enhance egg maturation and aid in vitro fertilization.In addition, Myovant has announced this month that Relugolix has been FDA approved – under the brand name Orgovyx – as a treatment for advanced prostate cancer. The drug is the first, and currently only, Oral Gonadotropin-Releasing Hormone (GnRH) Receptor Antagonist for the disease. Orgovyx is expected to enter the market in January 2021.Analyst Eric Joseph, in his note on this stock for JPM, describes how he is impressed by Relugolix “based on the clinical and commercial potential of lead asset relugolix for the treatment of endometriosis and uterine fibroids, as well as in men for the treatment of advanced prostate cancer.”The analyst added, “In women’s health, we believe the totality of phase 3 data to date de-risks the likelihood of relugolix approval in the US for uterine fibroids and endometriosis – commercial opportunities that are underreflected at current levels. Further, we see an attractive commercial setup for relugolix in the treatment of advanced prostate cancer as an oral LHRH alternative with a differentiated CV risk profile.”These comments support Joseph’s Overweight (i.e. Buy) rating on MYOV, and his $30 price target implies a 31% upside for the next 12 months. (To watch Joseph’s track record, click here)Overall, the Strong Buy analyst consensus rating on Myovant comes from 5 reviews, and the breakdown is clearly for the bulls: 4 to 1 in favor Buy versus Hold. The stock’s $22.80 share price and $36.40 average price target give a robust upside potential of ~59%. (See MYOV stock analysis on TipRanks)Metropolitan Bank Holding (MCB)For the third stock, we’ll change lanes from health care to finance, where Metropolitan Bank Holding operates – through its subsidiary, Metropolitan Commercial Bank – as a full-service bank for business, entrepreneurial, and personal customers in the mid-market segment. The bank’s services include business lending, cash management, deposits, electronic banking, personal checking, and prepaid cards. In a year that has been difficult for most of us, MCB has managed to post steadily increasing revenues and solid earnings. The bank’s top line has increased from $33 million in Q1 to $36 million in Q3. EPS was stronger, at $1.27 per share, up 30% year-over-year. The gains come as the bank gives forward guidance of $153.9 million in total revenues for next year, which – if met – will reflect a 22% gain over 2020.While MCB’s financial performance has shown steady gains, the share appreciation has not followed suit. The stock has only partially recouped losses taken last winter at the height of the corona crisis, and is currently down 26% this year.Watching the New York banking scene from JPM, analyst Steven Alexopoulos notes general difficulties in the commercial real estate loan sector – an important part of MCB’s portfolio – due to the ongoing pandemic issues. In this environment, he sees Metropolitan Bank as the right choice.“We’re not as bearish as most on the outlook for New York real estate. Having witnessed many cycles in NYC, the time to buy has been when the herd is running in the other direction. In past cycles, MCB has been an outperformer on credit metrics in regards to its loan portfolio relative to our coverage group,” Alexopoulos noted.Alexopoulos goes on to explain another key strength in MCB’s loan portfolio: “In a low interest rate environment, MCB stands better positioned than peers to withstand NIM headwinds with 59% of MCB’s loans being fixed rate and 67% of the remaining floating rate loans have floors to protect from lower short-term rates…” To this end, Alexopoulos rates MCB an Overweight (i.e. Buy) along with a $50 price target. Should the target be met, investors could pocket gains of 43% over the next year. (To watch Alexopoulos’ track record, click here)Some stocks fly under the radar, and MCB is one of those. Alexopoulos’ is the only recent analyst review of this company, and it is decidedly positive. (See MCB stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Here’s how Helene and other storms dumped a whopping 40 trillion gallons of rain on the South

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More than 40 trillion gallons of rain drenched the Southeast United States in the last week from Hurricane Helene and a run-of-the-mill rainstorm that sloshed in ahead of it — an unheard of amount of water that has stunned experts.

That’s enough to fill the Dallas Cowboys’ stadium 51,000 times, or Lake Tahoe just once. If it was concentrated just on the state of North Carolina that much water would be 3.5 feet deep (more than 1 meter). It’s enough to fill more than 60 million Olympic-size swimming pools.

“That’s an astronomical amount of precipitation,” said Ed Clark, head of the National Oceanic and Atmospheric Administration’s National Water Center in Tuscaloosa, Alabama. “I have not seen something in my 25 years of working at the weather service that is this geographically large of an extent and the sheer volume of water that fell from the sky.”

The flood damage from the rain is apocalyptic, meteorologists said. More than 100 people are dead, according to officials.

Private meteorologist Ryan Maue, a former NOAA chief scientist, calculated the amount of rain, using precipitation measurements made in 2.5-mile-by-2.5 mile grids as measured by satellites and ground observations. He came up with 40 trillion gallons through Sunday for the eastern United States, with 20 trillion gallons of that hitting just Georgia, Tennessee, the Carolinas and Florida from Hurricane Helene.

Clark did the calculations independently and said the 40 trillion gallon figure (151 trillion liters) is about right and, if anything, conservative. Maue said maybe 1 to 2 trillion more gallons of rain had fallen, much if it in Virginia, since his calculations.

Clark, who spends much of his work on issues of shrinking western water supplies, said to put the amount of rain in perspective, it’s more than twice the combined amount of water stored by two key Colorado River basin reservoirs: Lake Powell and Lake Mead.

Several meteorologists said this was a combination of two, maybe three storm systems. Before Helene struck, rain had fallen heavily for days because a low pressure system had “cut off” from the jet stream — which moves weather systems along west to east — and stalled over the Southeast. That funneled plenty of warm water from the Gulf of Mexico. And a storm that fell just short of named status parked along North Carolina’s Atlantic coast, dumping as much as 20 inches of rain, said North Carolina state climatologist Kathie Dello.

Then add Helene, one of the largest storms in the last couple decades and one that held plenty of rain because it was young and moved fast before it hit the Appalachians, said University of Albany hurricane expert Kristen Corbosiero.

“It was not just a perfect storm, but it was a combination of multiple storms that that led to the enormous amount of rain,” Maue said. “That collected at high elevation, we’re talking 3,000 to 6000 feet. And when you drop trillions of gallons on a mountain, that has to go down.”

The fact that these storms hit the mountains made everything worse, and not just because of runoff. The interaction between the mountains and the storm systems wrings more moisture out of the air, Clark, Maue and Corbosiero said.

North Carolina weather officials said their top measurement total was 31.33 inches in the tiny town of Busick. Mount Mitchell also got more than 2 feet of rainfall.

Before 2017’s Hurricane Harvey, “I said to our colleagues, you know, I never thought in my career that we would measure rainfall in feet,” Clark said. “And after Harvey, Florence, the more isolated events in eastern Kentucky, portions of South Dakota. We’re seeing events year in and year out where we are measuring rainfall in feet.”

Storms are getting wetter as the climate change s, said Corbosiero and Dello. A basic law of physics says the air holds nearly 4% more moisture for every degree Fahrenheit warmer (7% for every degree Celsius) and the world has warmed more than 2 degrees (1.2 degrees Celsius) since pre-industrial times.

Corbosiero said meteorologists are vigorously debating how much of Helene is due to worsening climate change and how much is random.

For Dello, the “fingerprints of climate change” were clear.

“We’ve seen tropical storm impacts in western North Carolina. But these storms are wetter and these storms are warmer. And there would have been a time when a tropical storm would have been heading toward North Carolina and would have caused some rain and some damage, but not apocalyptic destruction. ”

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Follow AP’s climate coverage at https://apnews.com/hub/climate

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Follow Seth Borenstein on Twitter at @borenbears

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Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

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‘Big Sam’: Paleontologists unearth giant skull of Pachyrhinosaurus in Alberta

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It’s a dinosaur that roamed Alberta’s badlands more than 70 million years ago, sporting a big, bumpy, bony head the size of a baby elephant.

On Wednesday, paleontologists near Grande Prairie pulled its 272-kilogram skull from the ground.

They call it “Big Sam.”

The adult Pachyrhinosaurus is the second plant-eating dinosaur to be unearthed from a dense bonebed belonging to a herd that died together on the edge of a valley that now sits 450 kilometres northwest of Edmonton.

It didn’t die alone.

“We have hundreds of juvenile bones in the bonebed, so we know that there are many babies and some adults among all of the big adults,” Emily Bamforth, a paleontologist with the nearby Philip J. Currie Dinosaur Museum, said in an interview on the way to the dig site.

She described the horned Pachyrhinosaurus as “the smaller, older cousin of the triceratops.”

“This species of dinosaur is endemic to the Grand Prairie area, so it’s found here and nowhere else in the world. They are … kind of about the size of an Indian elephant and a rhino,” she added.

The head alone, she said, is about the size of a baby elephant.

The discovery was a long time coming.

The bonebed was first discovered by a high school teacher out for a walk about 50 years ago. It took the teacher a decade to get anyone from southern Alberta to come to take a look.

“At the time, sort of in the ’70s and ’80s, paleontology in northern Alberta was virtually unknown,” said Bamforth.

When paleontogists eventually got to the site, Bamforth said, they learned “it’s actually one of the densest dinosaur bonebeds in North America.”

“It contains about 100 to 300 bones per square metre,” she said.

Paleontologists have been at the site sporadically ever since, combing through bones belonging to turtles, dinosaurs and lizards. Sixteen years ago, they discovered a large skull of an approximately 30-year-old Pachyrhinosaurus, which is now at the museum.

About a year ago, they found the second adult: Big Sam.

Bamforth said both dinosaurs are believed to have been the elders in the herd.

“Their distinguishing feature is that, instead of having a horn on their nose like a triceratops, they had this big, bony bump called a boss. And they have big, bony bumps over their eyes as well,” she said.

“It makes them look a little strange. It’s the one dinosaur that if you find it, it’s the only possible thing it can be.”

The genders of the two adults are unknown.

Bamforth said the extraction was difficult because Big Sam was intertwined in a cluster of about 300 other bones.

The skull was found upside down, “as if the animal was lying on its back,” but was well preserved, she said.

She said the excavation process involved putting plaster on the skull and wooden planks around if for stability. From there, it was lifted out — very carefully — with a crane, and was to be shipped on a trolley to the museum for study.

“I have extracted skulls in the past. This is probably the biggest one I’ve ever done though,” said Bamforth.

“It’s pretty exciting.”

This report by The Canadian Press was first published Sept. 25, 2024.

The Canadian Press. All rights reserved.

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The ancient jar smashed by a 4-year-old is back on display at an Israeli museum after repair

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TEL AVIV, Israel (AP) — A rare Bronze-Era jar accidentally smashed by a 4-year-old visiting a museum was back on display Wednesday after restoration experts were able to carefully piece the artifact back together.

Last month, a family from northern Israel was visiting the museum when their youngest son tipped over the jar, which smashed into pieces.

Alex Geller, the boy’s father, said his son — the youngest of three — is exceptionally curious, and that the moment he heard the crash, “please let that not be my child” was the first thought that raced through his head.

The jar has been on display at the Hecht Museum in Haifa for 35 years. It was one of the only containers of its size and from that period still complete when it was discovered.

The Bronze Age jar is one of many artifacts exhibited out in the open, part of the Hecht Museum’s vision of letting visitors explore history without glass barriers, said Inbal Rivlin, the director of the museum, which is associated with Haifa University in northern Israel.

It was likely used to hold wine or oil, and dates back to between 2200 and 1500 B.C.

Rivlin and the museum decided to turn the moment, which captured international attention, into a teaching moment, inviting the Geller family back for a special visit and hands-on activity to illustrate the restoration process.

Rivlin added that the incident provided a welcome distraction from the ongoing war in Gaza. “Well, he’s just a kid. So I think that somehow it touches the heart of the people in Israel and around the world,“ said Rivlin.

Roee Shafir, a restoration expert at the museum, said the repairs would be fairly simple, as the pieces were from a single, complete jar. Archaeologists often face the more daunting task of sifting through piles of shards from multiple objects and trying to piece them together.

Experts used 3D technology, hi-resolution videos, and special glue to painstakingly reconstruct the large jar.

Less than two weeks after it broke, the jar went back on display at the museum. The gluing process left small hairline cracks, and a few pieces are missing, but the jar’s impressive size remains.

The only noticeable difference in the exhibit was a new sign reading “please don’t touch.”

The Canadian Press. All rights reserved.

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