Latest news with #NTRA
Yahoo
09-07-2025
- Business
- Yahoo
NTRA Announces Support For FAIR BET Act
NTRA Announces Support For FAIR BET Act originally appeared on Paulick Report. The National Thoroughbred Racing Association (NTRA) announced its support for the bipartisan Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR BET) Act on July 8. The FAIR BET Act, introduced by Representative Dina Titus (D-NV), seeks to restore the 100% deduction for gambling losses. The One Big Beautiful Bill Act, just recently signed into law, amended the deduction so that gamblers could only deduct 90% of their losses, instead of 100%. The legislation is co-sponsored by Reps. Troy Nehls (R-TX), Ro Khanna (D-CA), Jeff Van Drew (R-NJ), Steven Horsford (D-NV), and Mark Amodei (R-NV), as of Tuesday, July 8. 'The NTRA commends Congresswoman Titus for introducing the FAIR BET Act, which will restore the 100% tax deduction for gaming losses,' said NTRA President and CEO Tom Rooney.'There is no Thoroughbred racing without horseplayers. The changes to the tax deduction are detrimental to them and must be fixed. We're glad that swift bipartisan action is being taken. Along with Congresswoman Titus, the NTRA will continue to work alongside the Trump administration and leaders in the House and Senate to restore the tax deduction.'The Congresswoman has led the charge on rectifying this change to the tax code, which is set to take effect next year. 'My FAIR BET Act would rightfully restore the full deduction for losses so gamblers don't pay taxes on money they haven't won,' Congresswoman Titus said. 'This common-sense legislation will bring fairness back to gaming taxation, making sure that gamblers can fully deduct losses when they report their winnings. It gives everyone –from recreational gamblers to high-stakes gamblers -- a fair shake. We should be encouraging players to properly report their winnings and wager using legal operators. The Senate change will only push people to not report their winnings and to use unregulated platforms.''While I proudly voted for the One Big Beautiful Bill Act, which prevents the largest tax hike in American history, the Senate's version contained a provision that I strongly disagree with,' said Congressman Nehls. 'Prior to the passage of the OBBBA, the tax code contained a 100% deduction for gambling losses and expenses up to the amount of the individual's winnings. This deduction was not changed in the House-passed version of the bill. The Senate, unfortunately, included a provision in their version of the legislation that reduced the allowable deduction to 90%, creating an overly punitive tax on gambling. This provision is unfair, which is exactly why I am a cosponsor of Rep. Dina Titus' FAIR BET Act.'Rep. Titus's bill can be found here. This story was originally reported by Paulick Report on Jul 8, 2025, where it first appeared.
Gulf Today
08-07-2025
- General
- Gulf Today
Cairo telecom building fire kills 4, injures 26; limited flight delays after blaze sparks outage
Gulf Today, Staff Reporter/Associated Press Egypt's Ministry of Civil Aviation announced that the country's airports experienced minor delays in some flight departures due to a sudden and temporary disruption in communication and internet networks, due to a massive fire at Ramses Centre, a critical telecommunications hub in Egypt. Egyptian officials said Tuesday the fire that engulfed a main telecom company building in downtown Cairo the day before left four people dead and over two dozen injured. The four were Telecom Egypt employees who had been inside the building, the workers' union of the company said in a statement. The blaze, which broke out at the landmark 10-storey Telecom Egypt building, prompted a temporary outage of internet and mobile phone services. NetBlocks, a global internet monitor, wrote Monday on X that network data show national connectivity was at 62% of ordinary levels. The outage also disrupted air traffic, but the civil aviation ministry said early on Tuesday morning all halted flights have taken off. People watch as firefighters battle flames for the second day on Tuesday after a fire engulfs the main telecom company building in Cairo. AP The Civil Aviation Ministry stated that it activated its emergency response plan to ensure the continuity of operations, coordinating the departure of all flights without cancellations. Dr. Sameh Al-Hefny, Minister of Civil Aviation, closely monitored the situation from the Crisis Management Centre at Cairo International Airport, in coordination with EgyptAir's Integrated Operations Centre. The ministry clarified that most flights are being rerouted using alternative methods, except for a limited number of international flights, for which operational adjustments are being coordinated with respective airports. Traffic stops as smoke billows from the fire. AFP Meanwhile, Hossam Abdel Ghaffar, the health ministry spokesperson, told The Associated Press over the phone the number of the injured increased from 14 to 26, including those who suffered from smoke suffocation. All were hospitalised and some have been discharged, he said. Egypt's National Telecom Regulatory Authority (NTRA) announced that civil defence teams successfully contained the fire at the Ramses Centre on Monday evening after several hours of firefighting efforts. Firefighters battle flames for the second day after a fire engulfs the main telecom company building in Cairo. AP The blaze had erupted in one of the upper-floor rooms of the building. In a statement, the NTRA confirmed that the fire was under control and cooling operations had begun. The fire began in one of the halls on the floor housing telecom operators and spread to other floors due to its intensity, according to the Communications Ministry. The Egyptian Stock Exchange halted trading on Tuesday due to widespread disruption impacting the efficiency of the trading system. Amr Talaat, minister of communications and information technology, said in a statement Tuesday morning that all communications services will gradually be fully restored within 24 hours. He said that all services were transferred to more than one switchboard to operate as an alternative network.
Egypt Independent
08-07-2025
- General
- Egypt Independent
Four dead, 22 injured in fire at Cairo's Ramses telecommunications building
The National Telecommunications Regulatory Authority (NTRA) announced on Tuesday that the Cairo telecommunications building's fire has been brought under control – an incident that tragically resulted in four deaths and 22 injuries. Egypt's Minister of Communications, Amr Talaat, stated that all telecommunication services are gradually returning and assured that within 24 hours, all services, including the internet, will be fully restored across the nation. Talaat explained that all services were rerouted to multiple alternative exchanges, operating as a backup network. He denied claims that Egypt relies solely on the Ramses switchboard of the Telecom Egypt company as its main telecommunications hub. During his inspection of the building, Egypt's Minister of Communications, stated that Cairo's Ramses telecommunications building will remain out of service for days, noting that services will be gradually returning, according to Al-Arabiya. The Egyptian minister assessed the extent of the damage caused by the fire and reviewed the technical measures implemented to ensure that telecommunications services will continue to be provided. Most vital services, such as emergency police, fire departments, ambulance services, the bread distribution system, airports, ports, and other essential utilities, are operating normally in most governorates, the minister assured. He acknowledged, however, that some limited disruptions have appeared in a few governorates, and efforts are underway to restore these services swiftly. Investigations revealed that the fire erupted inside one of the halls on the floor designated for hosting telecommunication operators, which comprises separate halls for each operator. The intense fire spread to other floors, while all equipment halls belonging to Telecom Egypt were secured with safety measures and automatic fire suppression systems. According to the available information, the severity and intensity of the fire prevented firefighting teams from quickly extinguishing it.
CairoScene
12-06-2025
- Business
- CairoScene
WATCH: Nationwide 5G Services Launched at the Giza Pyramids
Around USD 2.7 billion has been spent on 5G spectrum licenses and infrastructure since 2019. Jun 12, 2025 Egypt officially rolled out 5G services across the country, with the National Telecommunications Regulatory Authority (NTRA) celebrating the launch at the Giza Pyramids. The launch follows significant investments by Egypt's four telecom operators—Vodafone Egypt, Orange Egypt, Etisalat Misr, and Telecom Egypt—who have collectively spent around USD 2.7 billion on 5G spectrum licenses and infrastructure since 2019.
Yahoo
10-06-2025
- Business
- Yahoo
NTRA Q1 Earnings Call: Growth in Oncology and Women's Health Drives Guidance Increase
Genetic testing company Natera (NASDAQ:NTRA). reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 36.5% year on year to $501.8 million. The company's full-year revenue guidance of $1.98 billion at the midpoint came in 4% above analysts' estimates. Its non-GAAP loss of $0.50 per share was 24.2% above analysts' consensus estimates. Is now the time to buy NTRA? Find out in our full research report (it's free). Revenue: $501.8 million vs analyst estimates of $446.1 million (36.5% year-on-year growth, 12.5% beat) Adjusted EPS: -$0.50 vs analyst estimates of -$0.66 (24.2% beat) Adjusted EBITDA: -$69.94 million vs analyst estimates of -$79.46 million (-13.9% margin, 12% beat) The company lifted its revenue guidance for the full year to $1.98 billion at the midpoint from $1.91 billion, a 3.7% increase Operating Margin: -15.8%, up from -20.2% in the same quarter last year Sales Volumes rose 19.3% year on year (17.2% in the same quarter last year) Market Capitalization: $22.42 billion Natera's first quarter results were driven by significant growth in its oncology and women's health testing businesses. Management highlighted that volumes for Signatera, the company's minimal residual disease (MRD) test, grew 52% year-over-year, supported by expanded clinical utility and broad adoption among oncologists. CEO Steve Chapman attributed the robust performance to strong demand for Natera's technology and the rollout of new data supporting its clinical applications. Additionally, the women's health segment delivered exceptional sequential growth, extending positive momentum from the prior year. CFO Michael Brophy noted that improvements in reimbursement operations further contributed to margin expansion, with gross margins rising due to higher average selling prices (ASPs) across all segments. Looking ahead, management's guidance is underpinned by expectations for continued gains in test reimbursement and new clinical data releases, particularly for Signatera. Steve Chapman emphasized the importance of upcoming data readouts from studies in breast, colorectal, and other cancers, which Natera believes will support broader adoption and potentially higher ASPs. Brophy cautioned that while gross margin guidance remains unchanged, the company plans to invest heavily in clinical trials and commercial capacity to support long-term growth. As Chapman stated, '2025 is a crucial investment year for us, particularly around Signatera, as we see a path to more than $5 billion in annual revenue over time.' Management attributed the quarter's outperformance to both higher testing volumes and improved reimbursement rates, supported by new data and wider clinical adoption. Signatera volume surge: Clinical use of Signatera rose sharply, with more than 45% of U.S. oncologists ordering the test. This growth was attributed to new data validating its effectiveness across multiple cancer types and increased physician confidence in its clinical utility. Women's health expansion: The women's health segment, including non-invasive prenatal testing (NIPT) and carrier screening, experienced strong sequential growth. Management pointed to ongoing rollout of peer-reviewed clinical data and successful integration of acquired accounts as key drivers. Reimbursement and ASP improvements: Company-wide average selling prices increased, especially for Signatera, due to enhanced Medicare Advantage reimbursement and early wins with commercial payers. Management expects further ASP growth as additional guideline endorsements and payer coverage are secured. Margin expansion from scale and efficiency: Gross margins improved to 63%, supported by operational efficiencies and scale benefits. CFO Michael Brophy noted that ongoing cost-of-goods-sold (COGS) initiatives and volume leverage will continue to benefit margins. Data pipeline and new product launches: Natera highlighted a robust data pipeline, with over 25 presentations scheduled at major oncology conferences. The launch of Signatera Genome, a whole-genome ctDNA test, expands the product portfolio and supports deeper clinical engagement. Management projects that further revenue and margin gains will hinge on clinical adoption, payer coverage, and ongoing investment in new indications. Clinical trial readouts: Multiple upcoming studies—including the I-SPY 2 and PROCEED trials—could influence adoption in breast and colorectal cancer, potentially unlocking new reimbursement pathways and expanding test usage. Reimbursement and guideline progress: Management is focused on securing broader reimbursement for existing and new tests, including guideline endorsements in the U.S. and Japan. Achieving higher ASPs, particularly for Signatera, is seen as a major lever for future growth. Investment in scale and R&D: Natera is increasing investment in both commercial operations and clinical research, especially for oncology and women's health. Management believes this will drive long-term volume growth and position the company to capture emerging opportunities in pan-cancer minimal residual disease testing. In the coming quarters, the StockStory team will closely monitor (1) the impact of clinical trial readouts—especially in breast and colorectal cancer—on test adoption and reimbursement, (2) progress on payer coverage expansions and guideline endorsements for Signatera and women's health offerings, and (3) the execution of scale and efficiency initiatives supporting gross margin improvement. The pace of new product launches and the evolution of the competitive landscape will also be key indicators of Natera's ability to sustain its growth trajectory. Natera currently trades at a forward price-to-sales ratio of 10.8×. In the wake of earnings, is it a buy or sell? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
