SAN DIEGO, April 08, 2021 (GLOBE NEWSWIRE) — Reneo Pharmaceuticals, Inc., a clinical stage pharmaceutical company focused on the development and commercialization of therapies for patients with rare, genetic, mitochondrial diseases, today announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a public offering price of $15.00 per share, for total gross proceeds of approximately $93.8 million, before deducting underwriting discounts and commissions and offering expenses. All of the shares are being offered by Reneo. The shares are expected to begin trading on the Nasdaq Global Market on April 9, 2021 under the symbol “RPHM.” In addition, Reneo has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the public offering price less underwriting discounts and commissions. The offering is expected to close on April 13, 2021, subject to satisfaction of customary closing conditions. Jefferies, SVB Leerink and Piper Sandler are acting as joint book-running managers for the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective on April 8, 2021. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by e-mail at email@example.com; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA, 02110, by telephone at (800) 808-7525, ext. 6105 or by e-mail at firstname.lastname@example.org; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at (800) 747-3924 or by e-mail at email@example.com. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Reneo PharmaceuticalsReneo is a clinical stage pharmaceutical company focused on the development and commercialization of therapies for patients with rare genetic mitochondrial diseases, which are often associated with the inability of mitochondria to produce adenosine triphosphate (ATP). Reneo is developing REN001 to modulate genes critical to metabolism and generation of ATP, which is the primary source of energy for cellular processes. REN001 has been shown to increase transcription of genes involved in mitochondrial function and increase fatty acid oxidation, and may increase production of new mitochondria. Contacts: Joyce AllaireManaging DirectorLifeSci Advisors, LLCjallaire@lifesciadvisors.com Vinny JindalChief Financial OfficerReneo Pharmaceuticals, Inc.firstname.lastname@example.org
Media Beat, Sept. 23, 2021 | FYIMusicNews – FYI Music News
Who’s David Cheriton?: Meet the Canadian billionaire who made an early bet on Google and calls himself ‘cheap’
…After the US$220-million Cisco deal, “a bunch of people at Stanford thought I must know something about startups and business,” he told the Financial Post.
That included two Stanford PhD students, Larry Page and Sergey Brin, who approached Cheriton with what they believed was great internet search technology. They wanted to license the technology, and despite Cheriton’s caution (“It’s just really hard to turn your baby over to somebody else to raise it,” he told them) he connected the pair with an intellectual property lawyer, to help search for a licensing partner. Along the way, Yahoo! turned down an offer to buy the Google technology for — brace yourself — $2 million. “Everybody makes mistakes,” Cheriton said. “Not many people make that big of a mistake.” – Quentin Casey, Financial Post
Corus Entertainment Inc. says the proposed acquisition of Shaw Communications Inc. by Rogers Communications Inc. would have a “detrimental impact” on local news production, as annual payments from Shaw to Corus’s Global News television network would stop. – Alexandra Posadzki, The Globe and Mail
In court documents, the independent telecom argues that the regulator erred by reverting to the 2016 rates instead of again going through the process of calculating the cost of providing service. – Alexandra Posadzki, The Globe and Mail
The two parties voted together more than 600 times in Parliament since 2004, blocking dozens of progressive bills, data shows. – Martin Lukacs & Ben Cuthbert, The Breach
It is election day in Canada following a late summer campaign in which the focus was largely anything but digital issues: Covid, climate change, Afghanistan, and affordability all dominated the daily talking points. The digital policy issues that grabbed attention throughout the spring – Bill C-10, online harms, wireless pricing – were largely absent from the discussion and in some cases even from party platforms. Laura Tribe, the executive director of OpenMedia, joins the Law Bytes podcast to discuss digital policies and the 2021 election campaign. Our conversation walks through a wide range of issues, including the surprising omission of wireless pricing from the Liberal platform, the future of Bill C-10, and the failure of privacy reform to garner much political traction.
The podcast can be downloaded here, accessed on YouTube, and is embedded below. Subscribe to the podcast via Apple Podcast, Google Play, Spotify or the RSS feed. Updates on the podcast on Twitter at @Lawbytespod.
With the 2020/21 broadcast year now at a close, final data from Numeris confirms that Bell Media’s entertainment specialty channels continue to achieve record growth and rankings, claiming the top three spots for entertainment specialty channel among Adults 18-49 and a total of five in the Top 10 among Adults 25-54. – Press release
Publications such as Maclean’s, The Logic, select Postmedia and Black Press papers, Daily Hive, and The Epoch Times benefited from emergency funding the Trudeau government has provided during the Covid-19 pandemic. But the news outlets that received the latest round of tens of millions of dollars in 2021 emergency funding have not been disclosed to the public. The funding initiatives add to other government funding pools some of the recipients were already benefiting from. – Jonathan Bradley, Canadaland
New report highlights how Gen Z is driving music streaming growth – but don’t count out traditional radio, either
A new report detailing US Media Consumption looked at several factors that have changed American adult behaviour since the pandemic. It reveals that for the first time, more Americans are streaming video content than watching live TV. But it also contains some important insights into how 18–24-year-olds interact with audio content.
Notably, 63% of Gen Z respondents said they listen to streamed music daily. 56% of that same category (18-24) said they have never listened to an audiobook. And 44% say they have never listened to a single podcast. Around 22% of Gen Z respondents said they listen to radio daily. – Digital Music News
Piers Morgan has issued a breaking news alert about his own career, following the announcement that he is rejoining Rupert Murdoch’s News Corp after almost three decades.
The ex-Good Morning Britain presenter has signed a global deal that includes two weekly columns for the New York Post and The Sun, along with helping to launch a new channel, named talkTV.
The station will offer a mix of “hourly news bulletins, sports and entertainment shows as well as current affairs, debate, opinion and documentaries”, the group said in a statement.
The channel will launch in early 2022, with Piers Morgan’s new weeknight show being its main draw. – Roisin O’Connor, Independent (UK)
He may be 90, god bless him, but Rupert Murdoch can still smell blood in the water. GB News, it is fair to say, is a bit of a wounded beast in the shark-infested waters of the British media, not waving to its few remaining viewers, but drowning. Having previously swam away from the territory, Murdoch now spies an opportunity.
He’s watched GB News make its mistakes, waited until its only serious asset, Andrew Neil, left and now he’s circling and is going to launch his own channel, talkTV, next Spring. He’s going to put it out on every available medium, including Freeview and the web, he’s going to back it with the full resources and advertising heft of his media empire, and he’s signed up Piers Morgan, the big fish that got away from GB News. Nigel Farage will be left croaking on his precarious raft, like one of the migrant dinghies in the English Channel he so loves to hate.
But the thing about talkTV is that it might actually work. – Sean O’Grady, Independent (UK)
Seventeen media associations in the Americas and other regions today called, through a public statement, for a “fair and reasonable” remuneration for the publication of journalistic content on digital platforms.
The institutions comprise more than 40,000 media from Canada, United States, Mexico, Honduras, Jamaica, Dominican Republic, Colombia, Ecuador, Peru, Brazil, Bolivia, Chile, and Argentina.
In addition to payment for content and advertising concentration, the associations pay special attention to algorithms, saying that their opacity discretionally affect the production and distribution of content. – Jamaican Observer
When Texas recently passed SB 8, it not only turned Roe v. Wade on its head, leaving millions of women more vulnerable, it unveiled the latest and trickiest weapon in the conservative culture wars.
SB 8 outsources enforcement to private citizens, allowing any person to sue abortion providers or people who “aid or abet” them. In the wake of the law taking effect, many commentators (darkly or excitedly) imagined how else this could be used: Could, say, New York confer standing on its citizens to sue gun shops?
This weapon is already being deployed throughout the country. In Tennessee, students and teachers can now sue schools if they “encounter a member of the opposite (biological) sex in a multi-occupancy restroom.” In Florida, any student who claims to have been “deprived of an athletic opportunity” because a transgender athlete took their place is now bestowed with a private cause of action against the school. Missouri recently passed the “Second Amendment Preservation Act,” which not only serves as an assault on the supremacy clause, but grants $50,000 in damages to any party whose right to bear arms is deprived. And Kentucky citizens can now file a complaint with the attorney general if a teacher within their school district teaches critical race theory resulting in withdrawn funding from the school. – Scott Pilutik, Slate
From studying usage data to conducting their proprietary quantitative and qualitative interviewing, they’ve got a bead on digital media trends and how their audience consumes content.
For both broadcasters and podcasters, monitoring the Washington Post’s activities is just plain smart. Same with the New York Times. They’re conducting and commissioning more research than most radio operations and podcast networks.
So, four main takeaways here, for commercial, public, and Christian radio, all of which can reap important lessons: – Jacobs Media
For some of the jobs available, people don’t have the right skills, or at least the skills employers say they’re looking for. Other jobs are undesirable — they offer bad pay or an unpredictable schedule, or just don’t feel worth it to unemployed workers, many of whom are rethinking their priorities. In some cases, there are a host of perfectly acceptable candidates and jobs out there, but for a multitude of reasons, they’re just not being matched.
There are also workers who are hesitant to go back — they’re nervous about Covid-19 or they have care responsibilities or something else is holding them back.
The result is a disconnected environment that doesn’t add up, though it feels like it should. – Rani Molla & Emily Stewart, recode
Discovery Blasts Polish Watchdog as US Media Row Drags On – BNN
(Bloomberg) — Discovery Inc. lashed out at Poland’s media regulator, saying its campaign to limit the company’s local operations jeopardized the rule of law and media freedom.
The comment is a response to the country’s watchdog, known as KRRiT, which said it may ask the U.S. broadcaster to adjust the ownership structure of its Polish business so that it complies with local law.
KRRiT’s surprise announcement came alongside its last-minute decision on Wednesday to renew the permit of Discovery’s Polish news channel TVN24 to broadcast under Polish regulations. The move ended a process that started more than a year ago and came just days before the license was due to expire on Sept. 26.
“The decision clearly shows there was no justification for delaying it for 19 months,” Discovery and its Polish unit TVN SA said in a joint statement on Thursday. The KRRiT’s accompanying decision “forces Discovery to curtail its Polish operations, being a direct threat to the rule of law and media freedom and a cause for concern among foreign investors in Poland.”
How exactly the watchdog plans to proceed remains unclear. KRRiT didn’t have an immediate response to additional questions from Bloomberg.
Polish regulations ban companies from countries that aren’t European Union members or aren’t closely associated with the bloc from owning majority stakes in Polish broadcasters. The U.S. is not part of that group. Discovery has for years complied with the law by running TVN through a Dutch-registered company, which some members of the Polish media watchdog say is against local law.
The European Commission will monitor the developments “very closely” to see how the regulator’s decision is applied in practice, its spokesperson said at a daily briefing on Thursday.
“We expect member states to ensure that the policies and legislation don’t have any negative impact on their commitment to ensure free and diverse media ecosystem,” the spokesman said. “Let me recall the Commission has repeatedly voiced its concern with regards to media freedom and pluralism in Poland.”
KRRiT’s new plan comes after the country’s ruling party approved a bill in the lower house of the parliament that would force U.S.-based Discovery to sell its controling stake in the Polish broadcaster, prompting a strong reaction from the EU and White House officials. The bill was rejected by the Senate, and President Andrzej Duda has suggested he may veto it.
The regulator’s proposal is an attempt to bypass that legislative process and the president’s potential veto, Discovery and TVN said in the statement.
TVN is also concerned it may have trouble with renewing the broadcasting license of its free-to-air movie and entertainment channel TVN7, Katarzyna Issat, head of the group’s corporate communications, said in an emailed response to Bloomberg News questions. The license expires in February.
Poland’s nationalist leaders lost their biggest international ally in Donald Trump and have since been at odds with U.S. President Joe Biden’s administration over their approach to LGBTQ rights, the restitution of property left by Holocaust victims and media freedoms.
TVN24 is the country’s biggest news channel, and its award-winning investigative reports have unveiled corruption at various levels of government.
(Adds comments from the European Commission, TVN from seventh paragraph.)
©2021 Bloomberg L.P.
Media availability following Council meeting – ottawa.ca
Mayor Jim Watson, Councillor Keith Egli, Chair, Ottawa Board of Health, Steve Kanellakos, City Manager, Anthony Di Monte, General Manager, Emergency and Protective Services, and Dr. Vera Etches, Medical Officer of Health, will respond to media questions after today’s Council Meeting.
When: Wednesday, September 22
Time: 15 minutes after Council adjourns
330 people are in BC hospitals with COVID-19 – MY PG NOW
U.S. CDC advisers recommend COVID-19 vaccine boosters for 65 and older, high risk – CBC.ca
Canadian dollar notches biggest gain in a month as stocks rally
Silver investment demand jumped 12% in 2019
Europe kicks off vaccination programs | All media content | DW | 27.12.2020 – Deutsche Welle
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