When these 40 popular celebrities aren't busy creating blockbuster hits or winning NBA championships, you could probably catch them gaming. Check them out below. LeBron James In addition to being the best basketball player in the world, LeBron James is also a passionate gamer. The NBA star filmed a promotional spot for PlayStation in 2023, saying he's always "ready to get on the sticks." He also appeared in Netflix's Starting 5 , where he spoke about enjoying a relaxing night with a glass of wine and Madden . Patrick Mahomes Patrick Mahomes is too good of a quarterback to give up football; however, the Super Bowl champ has revealed that if he didn't play in the NFL, he'd be an Esports player. When asked what his favorite game was during a chat with CharlieIntel , he went with a classic: Call of Duty . Tyreek Hill It might be hard to believe, but Miami Dolphins wide receiver Tyreek Hill actually uses Madden to prepare the night before a big NFL game. "I feel like Madden has a good tell of how good players are," he said in a TikTok in 2023 . "So, I just play [the game] the night before." Noah Lyles Noah Lyles enjoys many things, including fitness, anime, and League of Legends . In fact, the Olympic champion has a massive desk with multiple monitors, custom keyboards, and wired mice for accuracy. Naomi Osaka We know Naomi Osaka is a powerhouse tennis player, but did you also know she's a big gamer? In an interview with Vanity Fair , the Olympian said gaming allows her to free her mind. "... it is a great escapism for me as I have always been into gaming and fantasy-type storytelling," she said. Stephen Nedoroscik In addition to enjoying mental games like Rubik's Cube, Olympic gymnast Stephen Nedoroscik is a huge fan of video games, specifically Rocket League . In August 2024, the athlete shared a video of himself playing the video game online. After the clip made its rounds, fans saw Steve was not just good. He's great. In the game, Nedoroscik is a Grand Champion and in the top 1.7% of players. Anthony Davis When Anthony Davis is not scoring buckets and snagging rebounds for the Los Angeles Lakers , the NBA champion enjoys playing several different video games , including Call of Duty , Halo , Grand Theft Auto , and, of course, NBA2K . But don't get it confused. When he plays the latter, he doesn't play as himself because he finds it "weird." Cam Newton Although it's been a few years since Cam Newtown has set foot on a football field, the NFL player still loves to play Madden in his free time. "I got two TVs, so I can have both a PlayStation and an Xbox going at once. When I’m finishing up one game, I can connect the other game up," he told Sports Illustrated . "People don’t really know that, but I’m really a nerd when it comes to getting good at a game. Madden brings out the nerd in me." Paul George Believe it or not, Paul George of the Philadelphia 76ers has been "very good at video games" since he was a child. The Olympic gold medalist revealed more about his love for virtual gaming during an interview with the popular YouTube channel Built by Gamers . Damian Lillard The NBA isn't the only thing keeping Damian Lillard busy. When he's not putting the Milwaukee Bucks on his back or recording new music for his rap career, the 34-year-old told Sports Illustrated he's usually playing video games. Ariana Grande Some readers might be shocked to see that chart-topping singer Ariana Grande is a huge fan of video games. She has spoken about her love of virtual gaming in songs and interviews. In 2021, she said she loved Mario Kart and Sackboy . And her passion doesn't stop there. She's also teamed up with popular gaming studios to create custom packs for the online phenomenon Fortnite . Megan Fox When Megan Fox isn't busy starring in blockbuster films and award-winning television shows, the actress prefers to relax with a nice video game. In 2021, she spoke about playing Mortal Kombat with her then-boyfriend, Machine Gun Kelly, and revealed she "crushed" him. "Like, destroyed him every time we fought. We did, like, 40-something matches, and I absolutely destroyed him every time." Dwayne "The Rock" Johnson Since Dwayne "The Rock" Johnson starred in a 2017 movie about a video game, it's not surprising to hear that he's a fan of them IRL. During a previous interview , the former WWE star said he loves Mortal Kombat and Madden . Tom Holland I know what you're thinking. Spider-Man's favorite video game has to be ... Spider-Man . However, that's not the case for Tom Holland. In the past, he told fans that the game he enjoys most is the action-adventure series Unchartered. (He starred in the Uncharted film adaptation.) Beyoncé We knew Beyoncé was a massive gamer thanks to the token she left her fans in an early 2024 Verizon commercial. But we can't forget that she's revealed her love for video games before. In 2019, she told Entertainment Weekly that in addition to "Wii games," the singer is a fan of Guitar Hero , Tetris , and BrickBreaker on the BlackBerry. Vin Diesel If you're a fan of Vin Diesel, you likely already know the Fast and Furious actor is a big fan of playing video games during his free time , especially Dungeons & Dragons . He joked about his love and extensive knowledge of the game during a 2022 interview. "They thought I played D&D back in the '70s when it's just the basic D&D set. They thought I continued to play D&D when it became Advanced Dungeons and Dragons ," he said. Samuel L. Jackson Samuel L. Jackson might not be a massive lover of video games; however, he did voice the role of Office Tenpenny, the main antagonist in Grand Theft Auto: San Andreas . That has to count for something, right? Jack Black Another Jumanji star who enjoys gaming is Jack Black. In fact, his deep love for the hobby drove him to create a YouTube channel, JablinskiGames , where the iconic actor posts several videos, including a few of him playing popular titles like Lego Star Wars . Zac Efron This former Disney star might not be much of a gamer these days, but in 2007, that's all Zac Efron could think about. His favorite game at the time was the military science title Halo . He was actually spotted in 2007 at a midnight launch of the game's third edition. Drake When Drake isn't creating chart-topping hits, the "Find Your Love" singer is playing Fortnite in the studio with his boys and on Twitch with popular streamers like Ninja. Gordon Hayward Gordon Hayward used to be a popular NBA player, but he has also made a name for himself in the gaming world. His love for games like Fortnite , League of Legends , and Halo led to his collaboration with HyperX , a gaming brand that offers headsets, keyboards, and microphones. They teamed up to release a limited-edition bundle featuring headsets and sneakers with the basketball player's logo. Devin Booker If Devin Booker's spot in the Call of Duty commercial didn't prove gaming is one of the NBA player's favorite pastimes, I'm not sure what else could. Karl-Anthony Towns This Minnesota Timberwolves center is also another NBA player with a deep passion for Call of Duty . In his free time, Karl-Anthony Towns enjoys streaming his wins on Twitch and YouTube. Chad Johnson If you've kept up with Chad "Ochocinco" Johnson over the years, then you already know the former NFL wide receiver plays games ... at least that's what his previous girlfriends have said . However, he loves virtual video games, too. According to him, he's "the best FIFA player in the [United] States." JuJu Smith-Schuster NFL fans discovered JuJu Smith-Schuster was a big gamer when he showed off his impressive Fortnite skills during his record-breaking Twitch stream with Ninja, Drake, and Travis Scott . Xavier Woods Yes, we know Xavier Woods is an entertaining force inside the WWE ring. But we can't forget that he's an even more epic gamer. Like his peers on this list, the 38-year-old streams some of his best gaming moments on his YouTube channel, UpUpDownDown . (Is that a cheat code?) Jeremy Lin NBA star Jeremy Lin is a huge DOTA player . Years ago, he admitted he plays the game several times a week—even during the busy season. Ben Simmons Like some of his buddies on other teams, NBA star Ben Simmons loves a good game of Call of Duty . He even streams some of his sessions on Twitch when he can! Kyler Murray Kyler Murray loves Call of Duty almost as much as he loves playing in the NFL. His passion has driven him to stream some of his gaming sessions and defend himself against some of his biggest critics . Michael Phelps Can you tell Call of Duty is the go-to video game for several professional athletes? In addition to that classic title, Olympic gold medalist Michael Phelps enjoys playing PGA Tour and FIFA . Next, they need to make a decent swimming game so the retired athlete can snatch a new crown. Snoop Dogg Snoop Dogg loves a fun extracurricular activity ... if you know what I mean. When he's not busy sparking up or hanging with his bestie, Martha Stewart , the beloved rapper is streaming video gamers online. His passion actually runs so deep that he once called EA Sports, Microsoft, and Bill Gates out by name in a video posted to his social media. What can I say? You can't interrupt the man's stream. Henry Cavill Henry Cavill isn't just a regular gamer. The Netflix star takes his virtual gameplay so seriously that he once built his own PC to take his online gaming to the next level. Daniel Craig Daniel Craig doesn't talk much, so his favorite video games to play in 2024 are unknown. However, this throwback photo of the Knives Out actor playing a PSP back in the day proves he takes his interactive entertainment seriously. Matthew Perry Matthew Perry from Friends loved playing video games on his Xbox 360. The late actor once shared that he played Fallout 3 so often that he experienced tendonitis, leading him "to go get injections in my hand." Mila Kunis Mila Kunis has never been shy about her love of video games. She once told Jimmy Kimmel that she loves World of Warcraft so much that she spends hours playing against others. In fact, she revealed during a YouTube interview that her agent logs onto the game to contact her. Serena Williams Serena Williams may not be a huge gamer these days; however, she has admitted in the past that she's a fan of old-school games like Punch-Out! and Duck Hunt . Jamie Lee Curtis Thanks to her son , Halloween actor Jamie Lee Curtis has become a huge fan of games like Street Fighter and League of Legends . Kim Kardashian Kim Kardashian is more than just a millionaire socialite. She's also a gamer, and in 2012, she posted on X/Twitter about her excitement for the Call of Duty: Black Ops game. "The graphics look crazy!" Imagine how they look in 2024, Kim! Jessica Alba It could be easy to think Jessica Alba is only a fan of the Nintendo Switch because they pay her to promote the console. However, the actress has spoken publicly about her love of the company and their classics, including the Wii. Rosario Dawson Not only has Rosario Dawson been open about her love for video games, but she's also advocated for female gamers worldwide. Thanks to her, users were able to play Call of Duty: Black Ops 3 with a female lead character. Jacquez Printup has been writing about all things entertainment, including reality TV, pop culture, and celebrity news, since his time as a student at Ohio University. Since graduating, he's continued binging seasons of "Vanderpump Rules" and “Big Brother” and talking about them online. His writing has been featured in publications like ScreenRant, Yahoo, RealityTea, Yardbarker, and in the popular television series "The Real Housewives of Atlanta."BRUSSELS , Dec. 24, 2024 /PRNewswire/ -- In an upcoming EU Reporter interview , M. Shigeo Katsu , Founding President of Nazarbayev University (NU) and a key architect of Kazakhstan's education reforms, will address the escalating scandal surrounding financial mismanagement at the country's flagship higher education institution. The crisis gained public attention following the announcement of the state audit results of Nazarbayev University. The revelations have sparked widespread concerns about transparency and oversight at one of Central Asia's most prestigious universities. Adding to the controversy are allegations of financial mismanagement involving the New Generation Foundation, the Jusan Group — entities originally established to ensure the long-term financial sustainability of NU and Nazarbayev Intellectual Schools (NIS). Questions have also been raised about the state of affairs at NU's Social Development Fund. Reports suggest that funds may have been misappropriated, triggering outrage from students, educators, and civil society. In response, a student initiative group from Nazarbayev University issued an open letter demanding the release of both the state audit and NU's internal audit of the Social Development Fund. The letter also calls for greater accountability, enhanced transparency, and the protection of students' rights. This appeal reflects mounting frustration with the university's leadership and a growing demand for immediate corrective action. Shigeo Katsu's interview will shed light on these unfolding developments. As a former leader of NU, Katsu is uniquely positioned to analyze the root causes of the crisis, critique the university's response, and discuss the broader implications for Kazakhstan's education sector. The full interview can be found here: https://www.eureporter.co/kazakhstan-2/2024/12/23/the-battle-for-nazarbayev-universitys-future-shigeo-katsu-on-financial-mismanagement-and-accountability/ The Battle for Nazarbayev University's Future: Shigeo Katsu on Financial Mismanagement and Accountability In light of recent controversies surrounding the financial governance of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS), an open letter from concerned students has surfaced, addressing the troubling mismanagement of funds and alleged conflicts of interest. The letter highlights a series of financial decisions that led to the unraveling of key institutions meant to ensure the long-term stability of NU and NIS. The students are particularly concerned about the fate of the Jusan Group and the Nazarbayev Fund (NGF), which were once positioned to secure the financial future of these two leading educational institutions. Instead, they allege that significant funds were misappropriated and whole organizations lost, leading to the collapse of what was once a promising financial structure. In response, Shigeo Katsu , the Founding President of Nazarbayev University, has also written an open letter , received by EU Reporter, addressing the ongoing crisis and providing his perspective on the unfolding situation. In his letter, Katsu outlines the rationale of engagement in the financial sector and the erosion of the initial vision for NU, highlighting the role of key financial institutions like Jusan Bank and the NGF in securing a stable future for the university and NIS. He draws attention to the series of decisions that led to the loss of the former and calls for urgent remedial actions to prevent further damage to the institutions' credibility and financial stability . In this exclusive interview with EU Reporter , Shigeo Katsu , the Founding President of Nazarbayev University, sheds light on these pressing issues. He discusses the audit findings, the role of Jusan Bank , and what must be done to restore trust and secure the future of NU and NIS. Bio: Mr. Shigeo Katsu is the Founding President of Nazarbayev University. He held the position of President from December 2010 until June 2023 . He was Chair of the Board of Trustees of an affiliated secondary school system, the Nazarbayev Intellectual Schools, and of the University's hospital system. Prior to the assignments in Kazakhstan , over the course of a 30-year career at the World Bank, Mr. Shigeo Katsu held various positions including leading financial sector reform support for China , Director for Cote d'Ivoire , and Vice President for Europe and Central Asia . After his retirement from the World Bank, he served for a few years on the US board of a youth-oriented international development NGO. Between 2011 and 2015 he was an Advisory Panel member of the ASEAN+3 Macroeconomic Research Office (AMRO). Questions: - We have exclusively published your open letter and anticipate that it will generate a significant response. What drove you to write it, particularly in light of the misuse of funds intended to ensure the long-term financial stability of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS)? The decision to write the open letter was not made lightly. It was driven by a profound sense of responsibility to the students, faculty, and broader community of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS). These institutions were established with a vision to create world-class educational hubs in Kazakhstan and establish a center of excellence for academic research. Ensuring their financial independence and long-term stability is a core requirement to achieve the two institutions' mission. However, recent developments revealed through state and internal audits have exposed serious breaches of trust. The misuse of funds from entities like the University's Social Development Fund, New Generation Foundation, and Jusan Group directly threatens the sustainability of NU and NIS. These funds were meant to build up and guarantee the financial security of the institutions. Instead, we now see signs of embezzlement, mismanagement, and a concerning lack of accountability. The role played by key figures like the directors and executives of NGF, of Aslan Sarinzhipov (Executive Vice President of NU, a former Minister of Education) and Kadisha Dairova (Vice President for Student Affairs and International Cooperation, Nazarbayev University) only adds to the gravity of the situation. By writing the letter, my goal was to bring transparency to the issue and to mobilize public attention and international scrutiny. NU and NIS were founded on principles of meritocracy, transparency, and academic freedom. If we allow these values to be compromised, we risk undoing more than a decade of progress. The letter serves as a call for accountability, reform, and most importantly, protection of the future of Kazakhstan's youth. - Many students and alumni of NU have expressed their concern over the lowering of admission standards and the shift away from international standards. How do you assess these changes, and do you see them as diverging from the original vision for NU? NU was conceived as a model of excellence , designed to meet international standards in research, teaching, and governance. One of its founding principles was merit-based admission , which ensured that students were selected solely based on their ability and potential. This meritocratic foundation was not only an academic principle but a reflection of NU's mission to transform Kazakhstan's education system. Students, alumni, faculty and staff have worked hard to build NU's name. Now students, alumni and parents are rightly concerned that the lowering of admission standards undermines this mission and risks eroding the university's reputation both domestically and internationally. Such changes create the perception that NU is moving away from its original vision of being a world-class institution. To restore confidence, NU must reaffirm its commitment to international standards, transparency, and academic rigor. Reverting to merit-based admissions and prioritizing excellence will send a clear message that the institution remains steadfast in its mission. In the Open Letter, I stated that in theory, a policy of opening the entry door wider, but then be resolutely strict in terms of progression and graduation based on academic integrity and merit could work. There are some cases globally. However, it can only work if there is a full commitment to integrity and merit, openness and transparency, and NU's original values are upheld. But unfortunately, what I have observed and heard about recent developments at NU does not make me optimistic. While administration is supposedly in a belt-tightening mode, new senior positions were created and filled with scant regard for a proper hiring process and qualification. Conflict of interest and restrictions on hiring family members have been discarded. These are just a few of the institutional changes that will inevitably bleed over into the academic fabric as well. Is this the example that senior management wants to present to our students? - Do you believe the current situation, where the financial foundations like the Social Development Fund and New Generation Foundation were mismanaged, reflects a broader crisis within Kazakhstan's governance and democracy? Absolutely, but to be fair, this corporate governance crisis is not just limited to Kazakhstan . The findings of the internal audit conducted by NU on the Social Development Fund (SDF) reveal a systemic absence of check and balances and accountability that extends beyond these institutions. Mismanagement and theft, such as those involving Aslan Sarinzhipov , have not only undermined NU and NIS but also shaken public trust in Kazakhstan's leadership. The financial institutions linked to NU and NIS—Nazarbayev Fund, New Generation Foundation, and Jusan Group — were designed to guarantee long-term financial stability for education in Kazakhstan , securing the futures of NU and NIS for decades. However, NGF and Jusan Group's systematic depletion and dismantling highlight the country's struggle with accountability and the need for deep structural reform. This mismanagement reflects broader governance failings—particularly a lack of oversight, transparency, and mechanisms to prevent conflicts of interest. I cannot pronounce myself on the current status of the NF, but I would not be surprised if one discovers similar shortcomings there as well. I had called for an audit for some time until my departure but was not successful. The impact extends beyond education, affecting the economic and social fabric of Kazakhstan . Addressing these issues requires not just reforms within these organizations but also a renewed commitment to governance, accountability, and emphasis on establishing the rule of law. - With the financial stability once promised by entities like the NGF now in jeopardy, how do you envision NU's future without those foundational guarantees? The original intent of the Nazarbayev Fund, New Generation Foundation, and Jusan Group was to provide NU and NIS with long-term financial stability. These entities were carefully designed to ensure that Kazakhstan's leading educational institutions could eventually operate in a manner less affected by state budget fluctuations. However, as the audits reveal, these institutions have been systematically mismanaged and looted, jeopardizing the financial future of NU and NIS. NU's survival and success now depend on a bold and transparent strategy. The first step is to rebuild trust with the public, students, and alumni by publishing the findings of both the state audit of NU and the internal audit of SDF. Then, those responsible are held accountable. Financially, NU must re-establish a diversified funding model. This includes rebuilding its endowments and enhancing additional revenue streams, such as a logical and sound tuition policy, executive education and collaboration with industry and business in the form of contract research. Transparency and governance reform will be key to attract donors and investors who believe in NU's mission and potential. - The Supreme Audit Chamber of Kazakhstan , in its state audit, reported the mismanagement of 73.5 billion tenge at Nazarbayev University , as well as allegations of half a billion tenge being used illegally. What is your opinion on this, and how should the university address governance and corruption issues? I have not had the opportunity to access the state audit report, thus it is difficult to comment. If the cited amount in mismanagement of 73.5 billion tenge over six years is true, it is scandalous. However, we do not know what the auditors' definition and criteria of mismanagement is. So, let's first find out what the report actually says. What is clear, however, is the outcome of a 2023 internal audit of NU's Social Development Fund (SDF) , and it is sobering. This SDF audit reveals a blatant disregard of corporate governance principles, where individuals entrusted with university resources prioritized personal gain over the mission of NU. The audit revealed that SDF management led by current NU Executive Vice President Aslan Sarinzhipov constructed an intricate web of subsidiary entities, including abroad, to systematically evade the oversight and control of the University. Funds ( over 14 billion tenge ) meant to assist students and faculty were used for personal gains of Aslan Sarinzhipov and questionable deals. Unfortunately, NU senior officials such as Vice President Kadisha Dairova participated in such schemes. When I voiced my concern earlier over the developments at NU, it is largely because of the track record of senior officials there. For NU to move forward, it must adopt zero-tolerance policies for corruption, demand accountability from those responsible, and reform its governance structures to ensure transparency. - Why do some claim there is a lack of funds for NU and NIS, despite the promises of financial stability from their endowment funds? The claim of a lack of funds is a direct consequence of the systematic looting of resources from the New Generation Foundation and Jusan Group. These entities were explicitly designed to contribute to NU and NIS' long-term financial sustainability against the backdrop of reduced state funding. However, as I described in my Open Letter, these innovative financial structures have been undermined by mismanagement, and outright theft. For instance: Rebuilding financial stability will require recovering stolen assets, reforming governance structures, and restoring public trust through full transparency and accountability. - Given the scale of financial mismanagement, what steps are necessary to ensure accountability for those involved, including senior officials? Accountability must begin with transparency. First, all findings from the audits should be made public, and independent investigations should be conducted to identify those responsible. No individual, regardless of rank or influence, should be above scrutiny. Second, legal consequences must follow where wrongdoing is found. Kazakhstan's legal system must demonstrate its independence and commitment to justice by prosecuting those who exploited these funds. Finally, governance reforms are essential. NU and its associated entities must implement stricter checks and balances, including external audits, whistleblower protections, and oversight committees with independent members. These steps are not just about rectifying past mistakes—they're about ensuring a future where such mismanagement cannot happen again. - The audit findings were just the beginning of uncovering deeper issues. Is there more information you can share about how these financial foundations were exploited and what this means for the future of NU and NIS? The patterns that have emerged—opaque transactions, conflicts of interest, and questionable settlements—are deeply troubling. For instance, the transfer of assets to private hands under unclear terms raises red flags about the intentions behind such decisions. This exploitation puts the futures of NU and NIS at risk. These institutions were designed to be financially independent, insulated from political and economic volatility. The weakening of their financial foundations erodes their ability to deliver on their missions and betrays the trust of the Kazakhstani people, who have invested in these institutions through their taxes. The way forward requires not just recovering lost assets but rebuilding the governance systems that allowed this exploitation to occur. - Nazarbayev University was founded with a mission to serve as a model for higher education in Kazakhstan , supported by funds like those from the Nazarbayev Fund and New Generation Foundation. What was your original vision for the university, and how did these funds play a critical role in realizing that vision? The vision for NU was bold: to create an institution that could compete with the best universities in the world while serving as a model for higher education reform in Kazakhstan . From day one, we envisioned NU as a hub for innovation, research, and leadership development—a place where the brightest minds could come together to solve the challenges of tomorrow. However, one should not forget that universities, in particular research universities, are a long-term endeavor. They are meant to educate and develop generations upon generations of leaders and professionals in a broad range of sectors, and thus contribute to the scientific, economic, and societal wealth of countries. Building a strong institution that can meet the test of time requires long-term and unwavering commitments to foundational values such as integrity, meritocracy, excellence, openness and transparency. But of course, strong financial support from government and other stakeholders is needed, especially in the first decades. Thus, it was understood that NU would be dependent on state funding (through education grants and capital investments) for the initial decades of its existence, while in the meantime it would develop other sources of financing such as through endowment funds, tuition, and contract research. The Nazarbayev Fund, NGF and the Jusan Group were integral parts of this vision. This overall construct allowed us to recruit world-class faculty, develop state-of-the-art facilities, and provide scholarships to talented students, many from underprivileged backgrounds. These resources weren't just financial—they were a vote of confidence in NU's mission and a recognition of the transformative power of education. The loss of these resources is a significant setback, but I do hope that NU can recover. The university must focus on rebuilding trust with its stakeholders—students, faculty, alumni, and the public. This starts with transparency in financial management and governance. Diversifying funding sources will be crucial. This includes rebuilding its endowments, engaging with the philanthropic community, and developing innovative revenue streams. But most importantly, NU must stay true to its mission and values. Financial stability is important, but it must never come at the cost of compromising the university's integrity or academic excellence. Restoring NU's credibility begins with transparency. For instance, the university must share the audit report with stakeholders, and openly address any major shortcomings highlighted in the audit, including financial mismanagement and governance failures. An independent investigation, followed by public disclosure of findings, will demonstrate a commitment to accountability. Next, an affirmation of NU's commitment to its foundational values and principles is needed. Next, institutional reforms are essential. This includes introducing stronger oversight mechanisms for financial and administrative processes, ensuring that governance boards are staffed with individuals of the highest integrity and independence, and that management, faculty and staff are recruited on the basis of transparency and merit. Fourth, NU must recommit itself to its founding mission of academic excellence. This means maintaining rigorous admission standards, prioritizing high-quality faculty recruitment, and fostering research that addresses national and global challenges. And finally, engaging the NU community—students, faculty, alumni, and parents—in shaping the university's path forward is critical. A transparent, inclusive process will rebuild trust and reaffirm NU's position as a leader in higher education. Educational reform is not just critical—it is foundational to Kazakhstan's economic recovery and long-term stability. The pandemic exposed vulnerabilities in education systems worldwide, but it also underscored the importance of adaptability, innovation, and resilience. For Kazakhstan , investing in education means investing in the future. A well-educated population is essential for diversifying the economy, attracting foreign investment, and fostering innovation. Institutions like NU and NIS must lead the way by setting benchmarks for quality and demonstrating the value of education in driving economic progress. Moreover, reform must focus on equity. Expanding access to high-quality education for students from socially vulnerable backgrounds will ensure that economic recovery benefits all segments of society, not just the privileged few. - How do you see the role of institutions like NU and NIS in not only providing quality education but also contributing to economic growth in Kazakhstan , especially when financial stability is threatened? NU and NIS are more than educational institutions—they are catalysts for economic growth and social development. By equipping students with critical thinking skills, technical expertise, and a global perspective, they prepare the workforce needed to diversify Kazakhstan's economy. Their impact extends beyond classrooms. NU's research contributes to solving national challenges in areas like energy, healthcare, and technology. Meanwhile, NIS fosters innovation and leadership at the secondary education level, creating a pipeline of talent that benefits universities and industries alike. To sustain this role, NU and NIS must secure their financial stability. This includes strengthening governance, diversifying funding sources, and forging partnerships with the private sector and international organizations. These institutions are vital to Kazakhstan's future, and their success is intertwined with the country's broader economic ambitions. - Could the model used by NU and supported by the Nazarbayev Fund be applied in other countries, or does it require a uniquely Kazakh approach to work effectively? The NU model is innovative, but its core principles—integrity, meritocracy, autonomy, and a focus on global best practices—are universally applicable. Many countries could benefit from establishing institutions that prioritize excellence and align with international standards. That said, successful implementation depends on adapting the model to local contexts. Kazakhstan's approach benefited from strong initial financial and political backing, and a vision that emphasized independence from political and state bureaucratic interference. Replicating this requires careful consideration of governance structures, funding mechanisms, autonomy and other values, and cultural factors. In countries where philanthropic traditions or financial resources are limited, the model may need to rely more on public-private partnerships or international collaborations. Ultimately, the NU experience demonstrates that ambitious goals in education are achievable with the right vision, leadership, and long-term commitment support. - What lessons do you hope others will learn from the experience of the NGF, Jusan Bank , and the financial turmoil at NU? The story of NU and its financial affiliates offers a critical lesson: no institution, no matter how noble its mission, is immune to mismanagement and corruption without strong governance. NU and NIS' financial pillars, namely the Nazarbayev Fund, NGF, Jusan Group, but also the SDF and NIS' Corporate Development Fund were designed to guarantee long-term financial sustainability, yet their exploitation demonstrates how quickly trust can be eroded when transparency and accountability are neglected. For any endowment fund or financial institution, the following lessons are clear: NU's experience is a cautionary tale but also an opportunity. By addressing these failures head-on, NU can emerge as a model for how institutions can learn from adversity and rebuild stronger than before. View original content to download multimedia: https://www.prnewswire.com/news-releases/nazarbayev-university-crisis-shigeo-katsu-demands-audit-transparency-302338886.html SOURCE EU Reporter
Over 18,000 in Mexico register to run for Supreme Court seats and federal judges in new system
The ( ) share price has had a tough 2024 and looked too cheap to me to resist. So I bought the oil and gas giant in September and November at what I thought was a bargain valuation of less than six times earnings. I’m down 7.7% so far but given that I aim to hold the stock , these are early days. Long-term BP investors will have had it tougher, with the shares down 18.93% over 12 months. The trailing yield of 5.95% will only partially offset that loss. The obvious culprit is the oil price, with Brent crude falling 6.36% in 2024 to $71.04 a barrel. Can this FTSE 100 stock rally hard next year? BP is more than just an oil producer, but its shares still correlate closely with energy prices. We saw that during the 2022 energy shock when they rocketed. Where oil goes next is anyone’s guess. There are so many variables at play. US President-elect Donald Trump has pledged to ramp up shale production next year. By boosting supply, Trump could drive the price lower. Although if he gets the US economy motoring again, this could drive up demand. But a trade war could drive it back down. Trump has pledged to bring peace to Ukraine. If he manages that, Russian oil and gas could flow into Europe again, driving down prices. But what if he doesn’t? Then there’s Saudi Arabia. In September, there were rumours that it would open the spigots to recover lost market share, driving prices even lower. Yet last week, OPEC+ delayed the beginning of its production increase and slowed the pace of the output hikes. I’ve just read on that natural gas prices are set to surge this winter . And I haven’t even mentioned the green transition. Will the shift to renewables smash fossil fuel prices? Or will falling oil and gas prices smash renewables? That’s a biggie for BP in particular, as it rows back on its ‘Beyond Petroleum’ strategy, and returns to familiar fossils territory. It’s all too much for my little brain. So what do the experts say? On Friday (6 December), predicted Brent crude would average $70 a barrel in the second half of 2025. If correct, that won’t light a fire under the BP share price. Yet the 26 analysts who offer one-year share price forecasts are optimistic. They’ve set a median target of 505.8p, up 34.25% from today. That seems optimistic but I hope they’re right. Of these, 11 call it a Strong Buy, four name it a Buy while 14 say Hold. Only one says Sell. I can justify my decision to purchase BP . I didn’t hold any energy stocks. Plus its shares were dirt cheap. And the dividend is high and rising. Next year it’s forecast to hit 6.3%, covered exactly twice by earnings. Personally, I don’t know where BP shares will go in 2025. Nobody does. But given the low valuation and high yield, I’m happy to go along for the ride.
Grid Studio is in the business of immortalizing popular gadgets while letting us appreciate their inner workings. Its whole deal is disassembling everything from the PlayStation Vita and Sega Dreamcast controllers to iPhones , then meticulously arranging the components in a shadowbox-style frame to hang on your wall. If you’d like to add one of these frames to your collection, most of the Grid collection is on sale ahead of Black Friday, with select pieces like the Game Boy Color , classic NES controller, and N64 controller discounted by an additional 20% when you use the code BF20 at checkout through Dec. 2. Unfortunately, because each piece from the Grid Studio catalog uses authentic, restored components, they may not have your favorite color in stock, and prices may fluctuate based on demand. However, this is still your best opportunity to commemorate these classic gadgets. Below, you’ll find a collection of our favorites that are eligible for the extra 20% discount. Just note that the classic Game Boy and Game Boy Pocket, due to their popularity, aren’t eligible but are still on sale for $179 and $129, respectively. Grid Game Boy Grid Game Boy Pocket Grid Game Boy Color Grid NES Controller Grid Xbox Duke Controller Grid DualShock Controller Grid N64 Controller Grid Game Gear Grid Nintendo DS Grid Super Famicom Shopkeeper Polygon’s handpicked deals on games, movies, books, and more. Black Friday Gaming Hardware Sales Guide ShoppingSpace Enabled at AGU in Washington, D.C. - MIT Media LabNone
ENPH INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Enphase Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Skillsoft Reports Financial Results for the Third Quarter of Fiscal 2025In a warm and festive atmosphere, the Hellenic Heritage Foundation (HHF) held its annual Christmas Dinner on November 23, 2024, at the Palais Royale in Toronto. The event brought together distinguished members of the Greek community, academics, politicians, and friends of the Foundation to celebrate the organization’s initiatives and achievements over the past year. Set against the elegant backdrop of the Palais Royale, HHF President Anastasios (Andy) Seretis delivered a reflection on the year’s milestones, underscoring the importance of collective efforts to preserve Greek identity in Canada. In his address, he emphasized that “the HHF remains a beacon of unity and cultural continuity.” Highlighting the significance of collaboration, Seretis referenced the historic visit of Greek Prime Minister Kyriakos Mitsotakis to Canada – the first by a Greek prime minister in 40 years after Andreas Papandreou’s visit in 1983. “This marked the first time in four decades that a Greek prime minister visited the Greek diaspora in Canada,” he noted, “an event realized through collaboration with the Greek Community of Toronto and the Greek Orthodox Archdiocese of Canada.” Among the year’s many accomplishments, Seretis pointed to the Greek International Film Festival, which promoted Greek cinematography in 11 cities across Canada, and the Heritage Greece Program, which provided 22 Canadian students with the opportunity to explore Greek heritage through an educational trip to Greece. The evening celebrated not only the success of the HHF’s initiatives but also its enduring role in fostering connections and preserving the vibrant legacy of Hellenism within the Canadian cultural mosaic. The event provided an opportunity to recognize individuals who have made significant contributions to preserving and promoting Greek heritage. Irene Keroglidis became the first woman to receive the title of Honorary Lifetime Member of the HHF, an acknowledgment of her dedication and service to the Foundation and the broader Greek-Canadian community. Eight distinguished students were honored with scholarships for their academic excellence. The president of HHF highlighted the progress of the Hellenic Heritage Foundation Greek Canadian Archives, a program dedicated to preserving and researching the history of Greeks in Canada. By collecting materials from organizations such as the American Hellenic Educational Progressive Association (AHEPA) and the Hellenic Canadian Lawyers’ Association (HCLA), the initiative ensures that the rich history of the Greek diaspora will remain accessible to scholars and the wider community for generations to come. The recognition of outstanding contributors and the advancement of archival efforts underline the HHF’s commitment to fostering a deeper understanding and appreciation of Greek heritage in Canada. The night came to a vibrant close with a musical performance by Stavros Kanichis and his orchestra, offering attendees the chance to enjoy traditional Greek melodies and dancing. Seretis extended heartfelt thanks to supporters and volunteers, emphasizing that the Foundation’s initiatives would not be possible without their invaluable contributions.
UnitedHealth Group's Options Frenzy: What You Need to Know
Shopping on Shein and Temu for holiday gifts? You're not the only oneDonald Trump is returning to the world stage. So is his trolling
The Scouser is in the final of the ITV show which will air tonight Coleen Rooney has been flooded with support ahead of the final of the I’m a Celebrity: Get Me Out Of Here final tonight. The Scouser is in the final three alongside McFly's Danny Jones and Reverend Richard Coles in a fight to be crowned King or Queen of the Jungle. The episode will be shown tonight on ITV at 9pm. Ahead of this, many Scousers and people across the country have backed Coleen to win the show. In a video posted on Coleen’s social media channels, a series of famous Liverpool names sent messages backing the mum of four who is married to former Everton striker Wayne Rooney. Scouse model Abbey Clancy said: "Good luck tonight Coleen. We're all rooting for you here in the Crouch household. You have been incredible, our winner since day one, and you're just gorgeous. You've been yourself throughout, and yeah, you're amazing. Everyone, please vote for Coleen. Love you lots!” Husband and ex-Liverpool striker Peter Crouch said: “Coleen, keep it going. Everyone in the Crouch Household is voting for you, so good luck, keep it up.” Former boxer Tony Bellew said: “Girl, you've made it to the end. Well done, Coleen. You've done absolutely brilliantly. Everyone's so proud of you in the city. You've done Scousers and our city so, so proud. Guys, get voting for her, she's done amazing. Being away from her kids, being away from her family - it's really tough in there. It's not easy. She's done amazing. Get voting. Call, call, call.” UFC fighter ‘Meatball’ Molly McCann added: “Hey Col, massive congratulations on getting to the final. The whole of the city is with you. Make sure you vote for our Col to be Queen of the Jungle.” Former Liverpool FC defender Jamie Carragher said: “I'm urging everybody to get on those phones and start voting for Coleen Rooney to be Queen of the Jungle. There's no doubt for me that she absolutely deserves it. “What she's done in a few weeks in Oz has shown everybody in this country what everybody in Liverpool has always known - that she's a very down to earth girl, she's got a great sense of humour, she’ll have a go at any of them as we’ve seen with all the trials and she loves her family to bits. Get voting for Coleen, she's absolutely been a superstar in there and I want to see her crown queen of the jungle.” Actress Claire Sweeney, whose on-screen son from Coronation Street Alan Hansall was knocked out earlier in the show, also backed her. She said: “Obviously my loyalty was with my son Alan Hansall. I love you Coleen, but now Alan's gone I can say: vote Coleen for the winner tonight. “You've been so honest and so lovely and seeing you with your kids last night just made me cry. So good luck Coleen. You've done Liverpool proud and I'm glad you got to meet my boy Alan, who's a dream.” Danille Lloyd, a model and close friend of Coleen, added: “Just wanted to say a massive congratulations to Coleen. She has absolutely smashed it in the jungle and Liverpool are so proud of you. Honestly, you have shown everyone how real and genuine you are, and whatever happens tonight, you will always be the Queen of Liverpool.” Many others on X/ Twitter have also said they are backing Coleen. One said: “I’m a Celebrity has been brilliant this year. I absolutely adore Coleen Rooney. A humble working class woman who has remained loyal to her upbringing!” Another said: “I really like Coleen. Honestly what a lovely, kind, humble woman. No airs and graces. Mucks in and doesn’t complain. Wayne Rooney is a fortunate man. She’s a diamond. I think she is my winner.” A third person said: “Coleen Rooney is so humble. So down to earth and just a great woman and mother. Should be a role model to all young women out there.”
Jadion Anthony Richards, 44, and Akwele Nickeisha Lawes-Richards, 45, both of Danbury, Connecticut, were charged this month with one felony count of organized retail theft. Both went free last week after posting bail bonds of $100,000 for him and $30,000 for her, court records show. They're due back in Ramsey County District Court in St. Paul on Dec. 16. According to the criminal complaints, a Lululemon investigator had been tracking the pair even before police first confronted them on Nov. 14 at a store in suburban Roseville. The investigator told police the couple were responsible for hundreds of thousands of dollars in losses across the country, the complaints said. They would steal items and make fraudulent returns, it said. Police found suitcases containing more than $50,000 worth of Lululemon clothing when they searched the couple's hotel room in Bloomington, the complaint said. According to the investigator, they were also suspected in thefts from Lululemon stores in Colorado, Utah, New York and Connecticut, the complaint said. Within Minnesota, they were also accused of thefts at stores in Minneapolis and the suburbs of Woodbury, Edina and Minnetonka. The investigator said the two were part of a group that would usually travel to a city and hit Lululemon stores there for two days, return to the East Coast to exchange the items without receipts for new items, take back the new items with the return receipts for credit card refunds, then head back out to commit more thefts, the complaint said. In at least some of the thefts, it said, Richards would enter the store first and buy one or two cheap items. He'd then return to the sales floor where, with help from Lawes-Richards, they would remove a security sensor from another item and put it on one of the items he had just purchased. Lawes-Richards and another woman would then conceal leggings under their clothing. They would then leave together. When the security sensors at the door went off, he would offer staff the bag with the items he had bought, while the women would keep walking out, fooling the staff into thinking it was his sensor that had set off the alarm, the complaint said. Richards' attorney declined comment. Lawes-Richards' public defender did not immediately return a call seeking comment Monday. “This outcome continues to underscore our ongoing collaboration with law enforcement and our investments in advanced technology, team training and investigative capabilities to combat retail crime and hold offenders accountable,” Tristen Shields, Lululemon's vice president of asset protection, said in a statement. "We remain dedicated to continuing these efforts to address and prevent this industrywide issue.” The two are being prosecuted under a state law enacted last year that seeks to crack down on organized retail theft. One of its chief authors, Sen. Ron Latz, of St. Louis Park, said 34 states already had organized retail crime laws on their books. “I am glad to see it is working as intended to bring down criminal operations," Latz said in a statement. "This type of theft harms retailers in myriad ways, including lost economic activity, job loss, and threats to worker safety when crime goes unaddressed. It also harms consumers through rising costs and compromised products being resold online.” Two Minnesota women were also charged under the new law in August. They were accused of targeting a Lululemon store in Minneapolis.
MEXICO CITY (AP) — Over 18,000 people in Mexico have registered online to run for Supreme Court seats and federal judgeships in the country's contentious new selection process , but a random drawing in the end will determine who gets on the ballot, officials said Monday. The ruling party pushed through a constitutional reform in September to make all federal judges stand for election, replacing the system where court employees and lawyers mainly move up through the ranks. Current court employees and their supporters have staged dozens of demonstrations against the reforms, calling them part of a ruling-party campaign to weaken checks and balances and eliminate independent regulatory and oversight bodies. Now, candidates for Supreme Court seats and federal judgeships need only a law degree, a grade point average of 3.2, “five years of professional experience” and five letters of recommendation from neighbors or friends. That, and some luck in the final drawing. Officials rejected criticism that has called the process rushed or amateurish for the often highly technical posts that can hear cases including intellectual property, organized crime and Constitutional law. “The results have been spectacular,” said Arturo Zaldivar, a top advisor to President Claudia Sheinbaum. According to the plan, evaluation committees will have just over a month to review thousands of resumes and whittle the field to about 10 candidates or less for each for the 881 judgeships and nine seats on the Supreme Court. Then 1,793 names chosen at random from those selected will appear on the ballot on June 1. Critics warn that many who land on the ballot will be unknowns who perhaps have never argued a case in the courts they seek to run. “You don’t elect a doctor or a surgeon for an operation based on their popularity, you elect them based on their technical expertise, their ability, their knowledge,” said Sergio Méndez Silva, the legal coordinator for the civic group Foundation for Justice. “That also applies for a judge.” With candidates now having to run election campaigns, critics warn there's a chance drug cartels or political parties could finance them to get friendly judges onto the bench. There are also concerns that the evaluation committees deciding who makes the cut for the selection to appear on ballots may not be impartial. Most committee members were appointed by the legislative or executive branches, controlled by the ruling Morena party. Some critics argue that the current justice system, which is riddled with nepotism, corruption and a lack of accountability, needs to be changed. “We need a justice system that gives results,” said Martínez Garza, an academic and former head of the human rights commission in the northern border state of Nuevo Leon who has registered to run for a Supreme Court seat. Trials in Mexico can last for years, and the ruling party has added to the growing list of crimes for which bail is not allowed, meaning that a large percentage of the prison population is people awaiting trial.
WINNIPEG, MB / ACCESSWIRE / November 25, 2024 / Medicure Inc. ("Medicure" or the "Company") (TSXV:MPH)(OTC PINK:MCUJF), a company focused on the development and commercialization of pharmaceuticals and healthcare products for patients and prescribers in the United States market, today reported its results from operations for the quarter ended September 30, 2024. Quarter Ended September 30, 2024 Highlights: Recorded total net revenue of $5.2 million during the quarter ended September 30, 2024 compared to $5.0 million for the quarter ended September 30, 2023 and; Recorded total net revenue from the sale of AGGRASTAT® of $1.9 million during the quarter ended September 30, 2024 compared to $2.4 million for the quarter ended September 30, 2023 and; Recorded total net revenue from the Marley Drug business of $2.7 million ($815,000 from sales of ZYPITAMAG®, and $1.9 million from other pharmacy revenue) during the quarter ended September 30, 2024 compared to $2.2 million ($670,000 from sales of ZYPITAMAGand $1.5 million from other pharmacy revenue) for the quarter ended September 30, 2023 and; Recorded total net revenue from the sale of ZYPITAMAG of $1.4 million ($553,000 through insured business, and $815,000 through Marley Drug) during the quarter ended September 30, 2024 compared to $1.1 million ($398,000 through insured business and $670,000 through Marley Drug) for the quarter ended September 30, 2023 and; Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA1) for the quarter ended September 30, 2024 was negative $467,000 compared to adjusted EBITDA of $429,000 for the quarter ended September 30, 2023 and; Net Income for the quarter ended September 30, 2024 was $680,000 or $0.07 per share compared to net income of $84,000 or $0.01 per share for the quarter ended September 30, 2023. Financial Results The decrease in AGGRASTAT revenues when compared to the same period in the previous year, as described above, is the result of an increase in pricing competition from generic tirofiban hydrochloride in 2024 when compared to 2023. However, the number of hospital customers using AGGRASTAT continues to remain strong and the Company continues to work on maintaining its customer base and recovering any lost business. The Marley Drug business contributed $2.7 million of revenue for the quarter ended September 30, 2024 compared to $2.2 million for the quarter ended September 30, 2023. Marley Drug is a US pharmacy licensed to ship medications to all 50 states, Washington D.C. and Puerto Rico. The pharmacy business has undergone a change in its product focus mix since the prior year towards fulfillment partnerships, its e-commerce platform, and increased sales of ZYPITAMAG. ZYPITAMAG through insured channels contributed $553,000 of revenue for the quarter ended September 30, 2024 compared to $398,000 through insured channels for the quarter ended September 30, 2023. The increase in revenues in 2024 is due to increased volume of sales to drug wholesalers. Adjusted EBITDA for the quarter ended September 30, 2024 was negative $467,000 compared to $429,000 for the quarter ended September 30, 2023. Decreased adjusted EBITDA for the quarter ended September 30, 2024 resulted from higher Marley Drug cost of goods, lower AGGRASTAT revenue, as well as higher research and development expenses and general and administrative expenses, offset by a decrease in selling expenses and higher ZYPITAMAG sales through both the traditional insured channel and the Marley Drug pharmacy business. Net income for the quarter ended September 30, 2024 was $680,000 or $0.07 per share compared to net income of $84,000 or $0.01 per share for the quarter ended September 30, 2023. The main factors contributing to the increase in net income recorded for the quarter ended September 30, 2024 were an increase in other income, a decrease in selling expenses and higher ZYPITAMAG sales through both the traditional insured channel and the Marley Drug pharmacy business, offset by higher Marley Drug cost of goods, lower AGGRASTAT revenue, as well as higher research and development expenses and general and administrative expenses. At September 30, 2024, the Company had unrestricted cash totaling $4.9 million, a decrease from $6.4 million of unrestricted cash held as of December 31, 2023. Cash flows used in operating activities for the nine months ended September 30, 2024 was $932,000 compared to cash from operating activities of $1.2 million for the period ended September 30, 2023. All amounts referenced herein are in Canadian dollars unless otherwise noted. The full financial statements are available at www.sedar.com and on the Company's website at www.medicure.com . Notes The Company defines EBITDA as "earnings before interest, taxes, depreciation and amortization" and Adjusted EBITDA as "EBITDA adjusted for non cash and non-recurring items". The terms "EBITDA" and "Adjusted EBITDA", as it relates to the three month period ended September 30, 2024 and 2023 results prepared using IFRS, do not have any standardized meaning according to IFRS. Conference Call Info: Topic: Medicure's Q3 2024 Results Call date: Tuesday, November 26, 2024 Time: 7:30 AM Central Time (8:30 AM Eastern Time) Toll Free: 1 (888) 506-0062 International: 1 (973) 528-0011 Participant Access Code: 769525 Webcast: This conference call will be webcast live over the internet at the following link: https://www.webcaster4.com/Webcast/Page/2965/51688 You may request international country-specific access information by e-mailing the Company in advance. Management will accept and answer questions related to the financial results and operations during the question-and-answer period at the end of the conference call. A recording of the call will be available following the event at the Company's website. About Medicure Inc. Medicure is a company focused on the development and commercialization of pharmaceuticals and healthcare products for patients and prescribers in the United States market. The present focus of the Company is the marketing and distribution of AGGRASTAT® (tirofiban hydrochloride) injection and ZYPITAMAG® (pitavastatin) tablets in the United States, where they are sold through the Company's U.S. subsidiary, Medicure Pharma Inc. Medicure also operates Marley Drug Inc. ("Marley Drug"), a pharmacy subsidiary servicing all 50 states, Washington D.C. and Puerto Rico. Marley Drug® is committed to improving access to medications for all Americans together with exceptional customer service and free home delivery. For more information visit www.marleydrug.com . For more information about Medicure please visit www.medicure.com . For additional information about AGGRASTAT®, please visit www.aggrastat.com or refer to the full Prescribing Information . For additional information about ZYPITAMAG®, please visit www.zypitamag.com or refer to the full Prescribing Information. To be added to Medicure's e-mail list, please visit: http://medicure.mediaroom.com/alerts Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information: Statements contained in this press release that are not statements of historical fact, including, without limitation, statements containing the words "believes", "may", "plans", "will", "estimates", "continues", "anticipates", "intends", "expects" and similar expressions, may constitute "forward-looking information" within the meaning of applicable Canadian and U.S. federal securities laws (such forward-looking information and forward-looking statements are hereinafter collectively referred to as "forward-looking statements"). Forward-looking statements, include estimates, analysis and opinions of management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors which the Company believes to be relevant and reasonable in the circumstances. Inherent in forward-looking statements are known and unknown risks, uncertainties and other factors beyond the Company's ability to predict or control that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements, and as such, readers are cautioned not to place undue reliance on forward-looking statements. Such risk factors include, among others, the Company's future product revenues, expected results, including future revenue from P5P, the likelihood of receiving a priority review voucher from the United State Food and Drug Administration, expected future growth in revenues, stage of development, additional capital requirements, risks associated with the completion and timing of clinical trials and obtaining regulatory approval to market the Company's products, the ability to protect its intellectual property, dependence upon collaborative partners, changes in government regulation or regulatory approval processes, and rapid technological change in the industry. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about: general business and economic conditions; the impact of changes in Canadian-US dollar and other foreign exchange rates on the Company's revenues, costs and results; the timing of the receipt of regulatory and governmental approvals for the Company's research and development projects; the availability of financing for the Company's commercial operations and/or research and development projects, or the availability of financing on reasonable terms; results of current and future clinical trials; the uncertainties associated with the acceptance and demand for new products and market competition. The foregoing list of important factors and assumptions is not exhaustive. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, other than as may be required by applicable legislation. Additional discussion regarding the risks and uncertainties relating to the Company and its business can be found in the Company's other filings with the applicable Canadian securities regulatory authorities or the US Securities and Exchange Commission, and in the "Risk Factors" section of its current Form 20F. AGGRASTAT® (tirofiban hydrochloride) injection, ZYPITAMAG® (pitavastatin) tablets, and Marley Drug® are registered trademarks. For more information, please contact: Dr. Albert D. Friesen Chief Executive Officer Tel. 888-435-2220 Fax 204-488-9823 E-mail: info@medicure.com www.medicure.com Consolidated Statements of Financial Position (expressed in thousands of Canadian dollars, except per share amounts) September 30, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 4,896 $ 6,369 Accounts receivable 6,609 4,794 Inventories 3,134 2,900 Prepaid expenses 1,511 1,143 Total current assets 16,150 15,206 Non-current assets: Property and equipment 1,038 736 Intangible assets 8,066 8,940 Goodwill 3,166 3,102 Other assets 77 75 Total non-current assets 12,347 12,853 Total assets $ 28,497 $ 28,059 Liabilities and Equity Current liabilities: Accounts payable and accrued liabilities $ 7,567 $ 7,603 Income taxes payable 16 16 Current portion of lease obligations 374 315 Total current liabilities 7,957 7,934 Non-current liabilities Lease obligations 556 229 Total non-current liabilities 556 229 Total liabilities 8,513 8,163 Equity: Share capital 81,014 81,014 Contributed surplus 10,867 10,723 Accumulated other comprehensive loss (5,559 ) (5,989 ) Deficit (66,338 ) (65,852 ) Total equity 19,984 19,896 Total liabilities and equity $ 28,497 $ 28,059 Consolidated Statements of Net Income (Loss) and Comprehensive Income (Loss) (expressed in thousands of Canadian dollars, except per share amounts) Three months ended September 30, 2024 Three months ended September 30, 2023 Nine months ended September 30, 2024 Nine months ended September 30, 2023 Revenue, net $ 5,153 $ 5,002 $ 16,012 $ 16,623 Cost of goods sold 2,354 1,362 6,364 4,999 Gross profit 2,799 3,640 9,648 11,624 Expenses Selling 1,970 2,017 5,783 6,123 General and administrative 1,191 1,024 3,763 3,055 Research and development 795 508 2,339 1,703 3,956 3,549 11,885 10,881 Other Income Legal settlement (1,860 ) - (1,860 ) - (1,860 ) - (1,860 ) - Finance (income) costs: Finance income, net (18 ) (3 ) (105 ) (20 ) Foreign exchange loss, net 46 17 78 71 28 14 (27 ) 51 Net income (loss) before income taxes $ 675 $ 77 $ (350 ) $ 692 Income tax (recovery) expense Current (5 ) (7 ) 136 66 Net income (loss) $ 680 $ 84 $ (486 ) $ 626 Other comprehensive income: Item that may be reclassified to profit or loss Exchange differences on translation of foreign subsidiaries (281 ) 455 430 (33 ) Other comprehensive income (loss), net of tax (281 ) 455 430 (33 ) Comprehensive income (loss) $ 399 $ 539 $ (56 ) $ 593 Earnings per share Basic $ 0.07 $ 0.01 $ (0.05 ) $ 0.06 Diluted $ 0.07 $ 0.01 $ (0.05 ) $ 0.05 Consolidated Statements of Cash Flows (expressed in thousands of Canadian dollars, except per share amounts) For the nine months ended September 30 2024 2023 Cash (used in) provided by: Operating activities: Net income (loss) for the period $ (486 ) $ 626 Adjustments for: Other income (1,860 ) Recovery of royalties - (234 ) Amortization of property, plant and equipment 323 319 Amortization of intangible assets 1,358 1,298 Share-based compensation 144 212 Inventory recovery, net (203 ) - Finance income, net (105 ) 11 Unrealized foreign exchange (gain) loss 78 71 Income tax expense 136 66 Change in the following: Accounts receivable 167 86 Inventories 28 (178 ) Prepaid expenses (346 ) 334 Accounts payable and accrued liabilities (158 ) (1,108 ) Interest received, net 121 31 Income taxes paid (129 ) (78 ) Royalties paid - (304 ) Cash flows (used in) from operating activities (932 ) 1,152 Investing activities: Acquisition of intangible assets (291 ) (142 ) Cash flows used in investing activities (291 ) (142 ) Financing activities: Repayment of lease liability (250 ) (225 ) Cash flows used in financing activities (250 ) (225 ) Increase (decrease) in cash and cash equivalents (1,473 ) 785 Cash and cash equivalents, beginning of period 6,369 4,857 Cash and cash equivalents, end of period $ 4,896 $ 5,642 SOURCE: Medicure, Inc. View the original on accesswire.comSTUART, Fla. , Dec. 24, 2024 /PRNewswire/ -- Health In Tech, an Insurtech platform company backed by third-party AI technology, today announced the closing of its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000 , before deducting underwriting discounts, commissions, and estimated offering expenses. The Company has granted the underwriter an option, exercisable within 30 days from the date of the final prospectus, to purchase an additional 345,000 shares of Class A common stock from Health In Tech at the initial public offering price, less underwriting discounts and commissions. Assuming such option is fully exercised, the Company may raise a total of approximately US$10,580,000 in gross proceeds from the Offering Health In Tech intends to use the net proceeds from the offering for system enhancements, expansion of service offerings, sales and distribution channels, talent development and retention, working capital, and other general corporate purposes. American Trust Investment Services, Inc. acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-281853) relating to the shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024 . This offering was made only by means of a prospectus, forming part of the effective registration statement. A copy of the prospectus relating to the offering can be obtained when available, by contacting American Trust Investment Services, Inc., 230 W. Monroe Street , Suite 300, Chicago, IL 60606, or via E-Mail at ECM@amtruinvest.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any 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 Health In Tech Health in Tech ("HIT") is an Insurtech platform company backed by third-party AI technology. We offer a dynamic marketplace designed to create customized healthcare plan solutions while streamlining processes through vertical integration, process simplification, and automation. By eliminating friction and complexities, HIT enhances value propositions for employers and optimizes underwriting, sales, and service workflows for Managing General Underwriters (MGUs), insurance carriers, licensed brokers, and Third-Party Administrators (TPAs). Learn more at healthintech.com . Forward-Looking Statements Regarding Health In Tech Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Investor Contact Investor Relations: ir@healthintech.com View original content to download multimedia: https://www.prnewswire.com/news-releases/health-in-tech-announces-closing-of-initial-public-offering-302338923.html SOURCE Health In Tech