Latest news with #Russell
Business Wire
an hour ago
- Business
- Business Wire
SBC Medical added to membership of Russell 3000 ® Index
IRVINE, Calif.--(BUSINESS WIRE)-- SBC Medical Group Holdings Incorporated (Nasdaq: SBC) ('SBC Medical'), a global franchise and provider of services for aesthetic clinics, has been added as a member of the broad-market Russell 3000 ® Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. Membership in the Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index as well as the appropriate growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. Fiona Bassett, CEO of FTSE Russell, An LSEG Business, comments: 'The Russell indexes have continuously adapted to the evolving dynamic US economy, and it's crucial to fully recalibrate the suite of Russell US Indexes, ensuring the indexes maintain an accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark.' For more information on the Russell 3000 ® Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website. About SBC Medical SBC Medical, headquartered in Irvine, California and Tokyo, Japan, owns and provides management services and products to cosmetic treatment centers. The Company is primarily focused on providing comprehensive management services to franchisee clinics, including but not limited to advertising and marketing needs across various platforms (such as social media networks), staff management (such as recruitment and training), booking reservations for franchisee clinic customers, assistance with franchisee employee housing rentals and facility rentals, construction and design of franchisee clinics, medical equipment and medical consumables procurement (resale), the provision of cosmetic products to franchisee clinics for resale to clinic customers, licensure of the use of patent-pending and non-patented medical technologies, trademark and brand use, IT software solutions (including but not limited to remote medical consultations), management of the franchisee clinic's customer rewards program (customer loyalty point program), and payment tools for the franchisee clinics. For more information, visit About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell. Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only the Company's beliefs regarding future events and performance, many of which, by their nature, are inherently uncertain and outside of the Company's control. These forward-looking statements reflect the Company's current views with respect to, among other things, the Company's product launch plans and strategies; growth in revenue and earnings; and business prospects. In some cases, forward-looking statements can be identified by the use of words such as 'may,' 'should,' 'expects,' 'anticipates,' 'contemplates,' 'estimates,' 'believes,' 'plans,' 'projected,' 'predicts,' 'potential,' 'targets' or 'hopes' or the negative of these or similar terms. The Company cautions readers not to place undue reliance upon any forward-looking statements, which are current only as of the date of this release and are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. The forward-looking statements are based on management's current expectations and are not guarantees of future performance. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. Factors that may cause actual results to differ materially from current expectations may emerge from time to time, and it is not possible for the Company to predict all of them; such factors include, among other things, changes in global, regional, or local economic, business, competitive, market and regulatory conditions, and those listed under the heading 'Risk Factors' and elsewhere in the Company's filings with the U.S. Securities and Exchange Commission (the 'SEC'), which are accessible on the SEC's website at
The 42
3 hours ago
- Automotive
- The 42
Hamilton given formal warning as difficult Ferrari start continues
LEWIS HAMILTON'S DIFFICULT start to life at Ferrari continued on Friday as he was handed a warning by the race stewards after winding up 10th in second practice for the Austrian Grand Prix. The seven-time champion was alleged to have impeded his successor at Mercedes, Italian teenage rookie Kimi Antonelli, at turn four of the fast and technical Red Bull Ring circuit in the Styrian Alps. Hamilton apologised immediately and explained that he had not seen Antonelli approaching behind him as he descended over the crest of a hill on a slow lap and drifted into the racing line. Hamilton raised his hand to signal his apology to Antonelli as he passed him. After speaking to Hamilton, the stewards decided to give the Briton a formal warning — the usual sanction for such a misdemeanour in practice. It is the third time this season that Hamilton has been warned. 'The driver of car 44 (Hamilton), although constantly checking his mirrors after being informed by the team about car 12 (Antonelli) closing in, slowly moved on to the racing line on the approach to turn four and thereby unnecessarily impeded car 12 which had to take evasive action,' said the stewards in a statement. Hamilton was given a three-place grid drop at the Monaco Grand Prix where he impeded four-time champion Max Verstappen in qualifying when his race engineer Riccardo Adami wrongly informed him that the Dutchman was not on a flying lap. Advertisement Hamilton struggled with gearbox problems on Friday as he evaluated a new floor design on his Ferrari car. His teammate Charles Leclerc was fifth, six-tenths off the pace of McLaren's Lando Norris. Offaly teenager Alex Dunne, a McLaren junior and the current Formula 2 Championship leader, finished fourth in his first ever F1 session as he temporarily deputised for Lando Norris. Meanwhile, Mercedes team boss Toto Wolff suggested he was interested in signing Max Verstappen to partner George Russell in a potentially explosive driver line-up for the 2026 season. During a series of interviews, it emerged that he had made contract with the four-time world champion and that this had affected contract talks with Russell who has been in outstanding form this year. Russell told Sky Sports F1 that it was entirely 'normal that conversations with the likes of Verstappen are ongoing', adding that a team that aims to win the championship has to go for the best drivers, engineers and pit-crews to succeed. 'But from my side, if I'm performing as I'm doing, what have I got to be concerned about? There are two seats in every Formula 1 team.' Wolff has flirted with the idea of recruiting Verstappen for some time, but also expressed satisfaction with the current partnership of Russell and teenage rookie Kimi Antonelli — a precocious talent, but not yet an experienced or metronomic points-scorer. It may be, as many seasoned observers believe, that Wolff feels he can manage the testy rivalry between Russell and Verstappen, who have clashed several times in the last year both on and off the track. But, he conceded, it remains much more likely that Russell will stay at Mercedes next year -– his contract ends this season -– than that Verstappen, who is contracted to Red Bull until 2028, will arrive. 'He has been part of our programme for 10 years,' Wolff said. 'He's always performed to the expectations and he's continuing to do so. These are normal business contract discussions as I have been doing for 30 years… And contract discussions are not held in Town Halls.' He added in a separate interview: 'At the moment, clearly you need to explore what's happening in the future, but it doesn't change anything of what I said before about George, about Kimi, about the line-up that I'm extremely happy having'. Verstappen declined to comment on the speculation when asked in a news conference on Thursday, but he is known to be frustrated with his Red Bull car this year. 'I don't think we need to talk about that,' the 27-year-old said. 'It's not really on my mind. Just driving well, trying to push the performance and then we focus on next year.' Much may depend on events at Red Bull where long-serving team consultant Helmut Marko is a key part of Verstappen's inner circle, but may be considering his own future amid reports that four-time champion Sebastian Vettel has been approached to replace him. In the wake of the departures of F1′s most successful designer Adrian Newey to Aston Martin and sporting director Jonathan Wheatley to Sauber-Audi, it could be that Verstappen is also ready to leave. Next year will see F1 move into a new era with major rule changes requiring new engines and new cars –- an opportunity that may favour a Mercedes revival. – © AFP 2025
The Hindu
3 hours ago
- Automotive
- The Hindu
F1 Austrian Grand Prix: Fine teams for ‘long shot' protests, says Wolff
Formula One teams should be fined if they fail in 'long shot' protests against rivals, Mercedes boss Toto Wolff said on Friday. The Austrian told reporters at his home grand prix that the governing FIA was already looking into the possibility of such a measure. Rival Red Bull has protested twice in the space of five races, and without success, against Mercedes driver George Russell. In Canada two weeks ago, where Russell won and Verstappen finished second, the result of the race was not confirmed until more than five hours after the chequered flag due to the enquiry. READ | Max Verstappen heads into Red Bull's home race with upgrades and growing uncertainty One of the protests in Montreal, alleging a safety car infringement, was withdrawn while the other claimed Russell had been 'unsportsmanlike' in his driving. 'I think it's absolutely legitimate to protest. We are fighting for race wins and championships. And if you have the opinion that what you've seen is not right, then you should protest,' said Wolff. 'But some of these actions are just really not real. 'There are things that, from my perspective, are legit to protest and others that are just a little bit of a too long shot.' Wolff said nobody was a fan of higher fines, and Formula One needed to be mindful of the real world and not be seen as over the top. 'But in that (Canadian GP) instance, absolutely put in a fine, and I think the president of the FIA is working on that. Put in a fine that, at least if you lose it, is a little bit of an embarrassment that you lost so much money, and you're going to think twice whether you do it,' he added. 'I think this is along the lines the FIA are thinking.' Sauber team principal Jonathan Wheatley, who was previously at Red Bull, said it was important for teams to have the right to protest and making it prohibitive would likely result in more problems.
Hindustan Times
3 hours ago
- Automotive
- Hindustan Times
Motor racing-Norris leads McLaren practice one-two after Dunne shines
SPIELBERG, Austria (Reuters) -Lando Norris led Formula One leader Oscar Piastri in a McLaren one-two in second practice for the Austrian Grand Prix on Friday after George Russell went fastest for Mercedes in the opening session. HT Image Norris had handed his car to Alex Dunne for an impressive F1 practice debut for the Irish rookie and Formula Two leader, but the Briton was right up to speed as soon as he got back behind the wheel. After Russell's best of one minute 05.542 seconds in the early afternoon, Norris -- 22 points behind Piastri in the title battle after 10 of 24 races -- lapped in 1:04.580 with Piastri 0.157 slower. Red Bull's reigning champion Max Verstappen, a five-times winner at his team's home circuit, was the only other driver under the five second mark with a 1:04.898. "We've shown a bit more pace than some of the others. I certainly think they're going to catch up. Max is not far behind and they usually improve a lot into Saturday," said Norris. Russell, winner from pole position in Canada two weeks ago after the McLarens collided, was sixth in practice two with Lance Stroll a surprise fourth for Aston Martin and Charles Leclerc fifth for Ferrari. "First practice was definitely a surprise to us," commented Russell. "The McLarens were mighty strong, especially this afternoon. I don't really see that changing. We'll do our best but I don't really think we'll be fighting for pole." Verstappen was without regular race engineer Gianpiero Lambiase for the weekend due to personal reasons with Simon Rennie taking over. "Overall today was quite straightforward and we didn't have any big issues," said Verstappen. "He (Rennie) has a lot of experience so it has been very very good today, he is straight up and it was nice." DUNNE IMPRESSES Dunne, given track time as part of team obligations to give rookie drivers F1 experience, was the talk of the first session when he lapped fourth fastest and only 0.069 slower than Piastri. Still only 19 and the first Irish driver in 22 years to take part in a grand prix weekend, he thanked the team over the radio as the chequered flag fell. "A little boy's dream came true, and this is definitely the best day of my life," he said. "Thank you everyone for letting me do this, and thanks to Lando as well for trusting me with his car." McLaren team boss Andrea Stella cautioned not to read too much into the time, however. "Alex has been quite diligent and impressive, and then he also had the chance to show some speed and, no surprise, he is a fast driver," said the Italian. "I think we need to be a bit careful looking at the lap times, because his came later on in the stint when the fuel was down. But I think encouraging and impressive in terms of Alex himself, and also I think a good session for McLaren." Austria has the shortest lap of the year in terms of time and all but 20th-placed Haas driver Oliver Bearman were within a second of Russell in the opening session. Seven-times world champion Lewis Hamilton was ninth and 10th respectively in the sessions as Ferrari made a difficult start to their preparations with mechanics working on both cars during practice one. Hamilton was also warned for impeding Mercedes' Kimi Antonelli. Leclerc sat out the first session with Swedish reserve Dino Beganovic getting some track time and finishing 18th. Fernando Alonso had a big spin in his Aston Martin but kept the car out of the barriers. (Reporting by Alan Baldwin in London, editing by Ken Ferris and Pritha Sarkar)
Yahoo
4 hours ago
- Automotive
- Yahoo
Mercedes Wants To Ditch George Russell For Max Verstappen Ahead Of 2026 F1 Rules Change
George Russell has not yet signed a new contract with his Mercedes-AMG F1 team for the 2026 season. It seems team boss and "F1 The Movie" producer Toto Wolff is trying to keep his team's options open for next season, actively attempting to lure the four-time World Drivers' Champion Max Verstappen away from his recalcitrant Red Bull Racing team. "As Mercedes, they want to be back on top, and if you're going to be back on top you need to make sure you've got the best drivers, the best engineers, the best pitcrew, and that's what Mercedes are chasing. So, it's only normal that conversations with the likes of Verstappen are ongoing," Russell admitted to ahead of this weekend's Austrian Grand Prix. Russell, having won four Grands Prix for the three-pointed star since he joined the team in 2022, including the most recent outing at the Canadian Grand Prix, is confident his performance will earn him a new contract in short order. With an entirely new set of regulations on the horizon, Mercedes will want to hit the ground running in 2026 with a solid lineup of adaptable drivers. Because of that, I think the team would be foolish to drop George for Verstappen. When everything is perfect for Max and he has the exact right car, the Red Bull ace is nearly unstoppable. Face him with even the lightest of adverse conditions, and he implodes into an atomic bomb of insecurity and dangerous on-track antics. If Mercedes build a mildly competitive car, as they have this season, George will unequivocally be the right answer, and I'm confident he's got enough talent to take a championship if the car is as well-built as the 2025 McLarens or 2023 Red Bull have been. Max might be able to make a perfect car even more perfect, but in a merely passable car he'll be a liability for the team, as he has been in 2025. Read more: Every 2025 Formula 1 Livery, Ranked From Worst To Best Conveniently the Mercedes AMG F1 team has two seats, so George doesn't necessarily have to be the one to go in order to make room for Mr. Verstappen. In that same interview, propped up by his recent win, Russell commented "I feel with the performance I'm showing at the moment I've got zero reasons to be worried." That leaves Mercedes-AMG junior driver Andrea Kimi Antonelli on the chopping block. The 18-year-old recent grad joined Mercedes for the 2025 season on a one-year contract to replace Sir Lewis Hamilton, who departed for Ferrari after delivering 8 World Constructor Championships for the Merc squad. Antonelli is holding his own, but hardly filling those big shoes, scoring fewer than half as many points as Russell across the season. If I were Toto Wolff, and thank goodness I'm not, I certainly would not ditch either of these drivers to woo Max Verstappen. In spite of Max's generational talent, he's a potential liability to the team if he replaces Russell, and the team would practically implode if he replaced Antonelli. A George Russell and Max Verstappen duo at Mercedes would be diabolical and the infighting would break even the most stoic team principal. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
