Latest news with #Waters'
Yahoo
15-07-2025
- Business
- Yahoo
BD Partners With Waters to Build High-Volume Diagnostics Leader
Becton, Dickinson and Company BDX, popularly known as BD, and Waters Corporation WAT recently announced a strategic collaboration to combine BD's Biosciences Diagnostic Solutions business with Waters' expertise in analytical technologies. This joint venture aims to create a new life sciences and diagnostics entity focused on regulated, high-throughput testing, addressing the growing global demand for standardized and scalable diagnostic workflows. The transaction has been unanimously approved by the boards of both companies and is expected to close by the end of the first quarter of 2026, subject to regulatory approvals, Waters' shareholder approval and customary closing conditions. From BD's perspective, the partnership strengthens innovation in diagnostics by combining Waters' analytical systems with BD's clinical expertise, enabling integrated solutions that boost lab efficiency, support regulatory compliance and improve patient outcomes. Following the announcement, shares of the company traded flat till yesterday's closing. Shares of the company have lost 21.9% in the year-to-date period. However, the S&P 500 has gained 6.1% in the same time frame. In the long run, combining BD's Biosciences Diagnostic Solutions with Waters allows BD to streamline its focus on core segments while retaining a stake in a high-growth diagnostics venture. This move unlocks value from a non-core asset and positions BD to benefit from rising demand in regulated, high-throughput testing driven by precision medicine trends. BD currently has a market capitalization of $50.76 billion. It has an earnings yield of 8.1%, which is higher than the industry's 5.3%. In the last reported quarter, the company delivered an earnings surprise of 2.1%. Image Source: Zacks Investment Research The merger of BD's Biosciences & Diagnostic Solutions business with Waters is likely to create a leading player in life sciences and diagnostics, with a strong focus on regulated, high-throughput testing. The combined company is expected to offer a comprehensive portfolio across liquid chromatography, mass spectrometry, flow cytometry and diagnostics, positioning it well to serve fast-growing, highly regulated end markets. The total addressable market is anticipated to double to approximately $40 billion, enabling broader access to adjacent segments such as biologics, bioanalytical characterization and multiplex diagnostics. The business model is also expected to be financially robust, with over 70% of revenues likely to be recurring annually. A significant portion of instrument-related revenues is expected to follow a five- to ten-year replacement cycle, providing long-term stability. For 2025, the combined company is projected to generate approximately $6.5 billion in revenues and $2.0 billion in adjusted EBITDA. Between 2025 and 2030, revenue growth is likely to grow in the mid-to-high single digits annually, while adjusted EPS growth is projected to be in the mid-teens range. By 2030, the company is expected to deliver around $9 billion in revenues, $3.3 billion in adjusted EBITDA and an adjusted operating margin of 32%. The transaction is structured as a tax-efficient Reverse Morris Trust, with an implied value of approximately $17.5 billion. Under the terms of the deal, BD is expected to spin off its Biosciences & Diagnostic Solutions business to its shareholders, followed by a merger with a wholly owned subsidiary of Waters. As a result, BD shareholders are likely to own approximately 39.2% of the combined company, while existing Waters shareholders would retain around 60.8%. BD is also set to receive a cash distribution of about $4 billion before the transaction closes, which is expected to support both shareholder returns and debt reduction. The deal is structured to deliver both cost and revenue synergies over time. Approximately $200 million in cost synergies are projected by the third year post-closing, mainly through efficiencies in manufacturing, supply chain management, and SG&A functions. Around $290 million in revenue synergies are expected by the fifth year, supported by stronger commercial execution, broader access to new customer segments, and cross-selling opportunities. Combined, these synergies are likely to result in annualized EBITDA gains of about $345 million by 2030, reinforcing the transaction's long-term value creation potential. Currently, BD carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader medical space are Phibro Animal Health PAHC and Cencora COR. While Phibro Animal Health sports a Zacks Rank #1 (Strong Buy) at present, Cencora carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Estimates for Phibro Animal Health's fiscal 2025 earnings per share have remained constant at $2.04 in the past 30 days. Shares of the company have surged 75% in the past year compared with the industry's 10.8% growth. Its earnings yield of 7.5% compares comfortably with the industry's 1% yield. PAHC's earnings surpassed estimates in each of the trailing four quarters, the average surprise being 30.6%. Cencora shares have rallied 32.8% in the past year. Estimates for the company's fiscal 2025 earnings per share have increased 0.4% to $15.81 in the past 30 days. COR's earnings beat estimates in each of the trailing four quarters, the average surprise being 6%. In the last reported quarter, it posted an earnings surprise of 8.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report Waters Corporation (WAT) : Free Stock Analysis Report Cencora, Inc. (COR) : Free Stock Analysis Report Phibro Animal Health Corporation (PAHC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
South Wales Argus
13-06-2025
- Business
- South Wales Argus
Cardiff restaurant named among UK's best at national awards
The National Restaurant Awards took place on Monday (June 9), celebrating "the brilliance and vibrancy of the UK restaurant scene, honouring the best chefs and operators across the country". Awards handed out at the annual event included: National Restaurant of the Year Gastropub of the Year Chef of the Year Cocktail List of the Year Wine List of the Year Opening of the Year Best Restaurant in England, Scotland, Wales and Northern Ireland (four individual awards) A list of the UK's top 100 restaurants was also revealed, featuring one Cardiff-based restaurant - Gorse. The best restaurants in the UK The best restaurants in the UK, according to the National Restaurant Awards, are: Why Gorse is among the UK's best restaurants Gorse was ranked the 56th best restaurant in the country at the National Restaurant Awards. It has been described as a "tiny yet brilliant modern Welsh restaurant" and made history in 2025 by bagging Cardiff its first ever Michelin star. The National Restaurant Awards said: "Not bad going given that Gorse is the chef's debut restaurant and had been open for less than 12 months." Gorse: Cardiff's First MICHELIN Star, As Seen By Our Inspectors@gorserestaurant #Cardiff #MICHELINStar Dive deep into the latest MICHELIN Star in Wales, and the first in its capital, with this Inspector's-eye view of a truly wonderful dining experiencehttps:// — The MICHELIN Guide (@MichelinGuideUK) February 11, 2025 The "unassuming" Pontcanna restaurant (named after the shrub) is focused on seasonal Welsh produce and is fronted by chef Tom Waters. The awards website continues: "Gorse is one of the most accessible fine dining restaurants on this list offering tasting menus from as little as £60 per head. "But the longer tasting menu is where the kitchen's ambition shines, with standout dishes including the likes of Pembrokeshire mackerel with horseradish, lovage and apple; roasted kelp custard with N25 Kaluga Hybrid caviar; and a clever dish of rhubarb partnered with toasted hay cream, egg yolk jam and lavender. "Service is polished but relaxed with the minimalist Nordic-inspired 22-cover interior keeping the focus firmly on the food. "Striking a balance between classic and new wave winemakers, Gorse's wine list complements Waters' cooking beautifully but don't miss out on the restaurant's signature Martini, which is flavoured with local seaweed." Customers agree Michelin star Gorse is "exquisite" It's not just the experts who love Gorse, but customers as well, with it boasting a 4.8 (out of 5) rating on Tripadvisor from 25 reviews. Surpurlatives used to describe the Pontcanna restaurant by visitors include "exquisite", "unbelievable" and "outstanding". One person, commenting about their experience at the restaurant, said: "I had the 10 course menu with wine pairings - each course was delicious and the wine was paired perfectly. "The staff were attentive, knowledgeable and friendly. Well deserving of a Michelin star." RECOMMENDED READING: Another customer added: "Exquisite just about covers it.... sublime food, fantastic atmosphere, open kitchen and prep areas makes for an enhanced experience watching the meticulous detail from Tom and his team. "Matched with really interesting and very reasonably priced wine (especially the 5% Contero Moscat meaning I could enjoy the dessert even more). "Pontcanna continues to shine in the food universe."
Yahoo
12-06-2025
- Entertainment
- Yahoo
Classic Rock Icon, 81, Has Exciting News For Fans
Classic Rock Icon, 81, Has Exciting News For Fans originally appeared on Parade. Roger Waters etched his name in the halls of rock history as a founding member of Pink Floyd. With concept albums like The Dark Side of the Moon, Wish You Were Here, Animals and The Wall, Pink Floyd delivered prog rock epics while weaving stories of alienation, greed, authoritarian governments and the pain of loss. Since embarking on a solo career in the mid-'80s, Waters has performed his original material as well as Pink Floyd classics. In recent years, he has dazzled fans worldwide with his immersive "This Is Not A Drill" tour. For those who haven't yet experienced it, Waters has good news. This Is Not A Drill—Live From Prague, both a new concert movie and live album, is on its way. The concert film captures his performance at the O2 Arena in the Czech Republic on May 25, 2023. The set included 20 classic Pink Floyd songs like "Comfortably Numb," "Money," "Another Brick In The Wall Pt. 2," "Us & Them," and "Shine On You Crazy Diamond" – as well as selections of Waters' solo work. Waters also shared a video of him singing "Wish You Were Here," taken from the concert. Dave Gilmour originally sang the song from the album of the same name (an ode to Pink Floyd's Syd Barrett), but Waters' version is just as strong. This Is Not A Drill—Live From Prague begins a short theatrical run on July 23 (with tickets going on sale on June 12). The concert will also be released on August 1 as a 4-LP or 2-CD set (as well as digital audio). For those who want to watch the concert at home, it'll be available on Blu-ray or DVD. For more information, fans can visit his website. The 81-year-old Waters described the This Is Not A Drill tour as his "first ever farewell tour," per Prog magazine. The tour was also an attack on "corporate dystopia in which we all struggle to survive, and is dedicated to our brothers and sisters all over the world who are engaged in the existential battle for the soul of humanity."Classic Rock Icon, 81, Has Exciting News For Fans first appeared on Parade on Jun 5, 2025 This story was originally reported by Parade on Jun 5, 2025, where it first appeared.
The Advertiser
04-06-2025
- Business
- The Advertiser
New beginning for Greens after senator's defection
The Greens have unveiled a blueprint to rebuild the party in the aftermath of a senator's shock defection to Labor. Greens leader Larissa Waters announced she will take over the First Nations portfolio after the minor party's last Indigenous member quit the Greens to join Labor. Dorinda Cox's move represents another setback for the Greens, following a disappointing federal election result that cost them three out of four seats in the lower house. But Senator Waters' new portfolio allocations, unveiled on Wednesday, are aimed at providing a fresh start. "This parliament could achieve real progress," she said. "With the Greens being in the sole balance of power, there is no excuse now for Labor to resist real reform to help people and nature." Though Senator Cox has been added to Labor's ranks, it only has 29 members in the upper house which means the federal government would still need support from the Greens to pass legislation. Citing an "epidemic" of violence against women, women's safety and equality will become a priority for the party under Senator Waters' leadership. However, the Greens will continue to take action on environment, housing and the cost of living, Senator Waters said. Every member of the federal Greens has been allocated to at least one portfolio. Senator Waters will oversee climate change and energy, and women's issues while her deputy Mehreen Faruqi will be in charge of tertiary education, anti-racism and international aid. Most members have generally kept to the same portfolios as previously allocated, but some have picked up extra areas to focus on, with Barbara Pocock set to lead housing and Nick McKim heading LGBTQI issues. Senator Cox's defection came after she reportedly lost a bid to become party deputy and told the new leader to "grow a spine", though Senator Waters said she did not remember the incident. "There was a lot going on that day," she told the Today show. "I am a conciliatory person but I'm also pretty firm." Senator Cox was accused of bullying Greens staffers in 2024, with as many as 20 employees leaving in three years and complaints made to parliament's workplace support service. Though Prime Minister Anthony Albanese said the allegations had been examined, Nationals senator Matt Canavan said Australians needed answers about whether Labor contacted those who made the claims and what kind of due diligence had been undertaken. The Greens have unveiled a blueprint to rebuild the party in the aftermath of a senator's shock defection to Labor. Greens leader Larissa Waters announced she will take over the First Nations portfolio after the minor party's last Indigenous member quit the Greens to join Labor. Dorinda Cox's move represents another setback for the Greens, following a disappointing federal election result that cost them three out of four seats in the lower house. But Senator Waters' new portfolio allocations, unveiled on Wednesday, are aimed at providing a fresh start. "This parliament could achieve real progress," she said. "With the Greens being in the sole balance of power, there is no excuse now for Labor to resist real reform to help people and nature." Though Senator Cox has been added to Labor's ranks, it only has 29 members in the upper house which means the federal government would still need support from the Greens to pass legislation. Citing an "epidemic" of violence against women, women's safety and equality will become a priority for the party under Senator Waters' leadership. However, the Greens will continue to take action on environment, housing and the cost of living, Senator Waters said. Every member of the federal Greens has been allocated to at least one portfolio. Senator Waters will oversee climate change and energy, and women's issues while her deputy Mehreen Faruqi will be in charge of tertiary education, anti-racism and international aid. Most members have generally kept to the same portfolios as previously allocated, but some have picked up extra areas to focus on, with Barbara Pocock set to lead housing and Nick McKim heading LGBTQI issues. Senator Cox's defection came after she reportedly lost a bid to become party deputy and told the new leader to "grow a spine", though Senator Waters said she did not remember the incident. "There was a lot going on that day," she told the Today show. "I am a conciliatory person but I'm also pretty firm." Senator Cox was accused of bullying Greens staffers in 2024, with as many as 20 employees leaving in three years and complaints made to parliament's workplace support service. Though Prime Minister Anthony Albanese said the allegations had been examined, Nationals senator Matt Canavan said Australians needed answers about whether Labor contacted those who made the claims and what kind of due diligence had been undertaken. The Greens have unveiled a blueprint to rebuild the party in the aftermath of a senator's shock defection to Labor. Greens leader Larissa Waters announced she will take over the First Nations portfolio after the minor party's last Indigenous member quit the Greens to join Labor. Dorinda Cox's move represents another setback for the Greens, following a disappointing federal election result that cost them three out of four seats in the lower house. But Senator Waters' new portfolio allocations, unveiled on Wednesday, are aimed at providing a fresh start. "This parliament could achieve real progress," she said. "With the Greens being in the sole balance of power, there is no excuse now for Labor to resist real reform to help people and nature." Though Senator Cox has been added to Labor's ranks, it only has 29 members in the upper house which means the federal government would still need support from the Greens to pass legislation. Citing an "epidemic" of violence against women, women's safety and equality will become a priority for the party under Senator Waters' leadership. However, the Greens will continue to take action on environment, housing and the cost of living, Senator Waters said. Every member of the federal Greens has been allocated to at least one portfolio. Senator Waters will oversee climate change and energy, and women's issues while her deputy Mehreen Faruqi will be in charge of tertiary education, anti-racism and international aid. Most members have generally kept to the same portfolios as previously allocated, but some have picked up extra areas to focus on, with Barbara Pocock set to lead housing and Nick McKim heading LGBTQI issues. Senator Cox's defection came after she reportedly lost a bid to become party deputy and told the new leader to "grow a spine", though Senator Waters said she did not remember the incident. "There was a lot going on that day," she told the Today show. "I am a conciliatory person but I'm also pretty firm." Senator Cox was accused of bullying Greens staffers in 2024, with as many as 20 employees leaving in three years and complaints made to parliament's workplace support service. Though Prime Minister Anthony Albanese said the allegations had been examined, Nationals senator Matt Canavan said Australians needed answers about whether Labor contacted those who made the claims and what kind of due diligence had been undertaken. The Greens have unveiled a blueprint to rebuild the party in the aftermath of a senator's shock defection to Labor. Greens leader Larissa Waters announced she will take over the First Nations portfolio after the minor party's last Indigenous member quit the Greens to join Labor. Dorinda Cox's move represents another setback for the Greens, following a disappointing federal election result that cost them three out of four seats in the lower house. But Senator Waters' new portfolio allocations, unveiled on Wednesday, are aimed at providing a fresh start. "This parliament could achieve real progress," she said. "With the Greens being in the sole balance of power, there is no excuse now for Labor to resist real reform to help people and nature." Though Senator Cox has been added to Labor's ranks, it only has 29 members in the upper house which means the federal government would still need support from the Greens to pass legislation. Citing an "epidemic" of violence against women, women's safety and equality will become a priority for the party under Senator Waters' leadership. However, the Greens will continue to take action on environment, housing and the cost of living, Senator Waters said. Every member of the federal Greens has been allocated to at least one portfolio. Senator Waters will oversee climate change and energy, and women's issues while her deputy Mehreen Faruqi will be in charge of tertiary education, anti-racism and international aid. Most members have generally kept to the same portfolios as previously allocated, but some have picked up extra areas to focus on, with Barbara Pocock set to lead housing and Nick McKim heading LGBTQI issues. Senator Cox's defection came after she reportedly lost a bid to become party deputy and told the new leader to "grow a spine", though Senator Waters said she did not remember the incident. "There was a lot going on that day," she told the Today show. "I am a conciliatory person but I'm also pretty firm." Senator Cox was accused of bullying Greens staffers in 2024, with as many as 20 employees leaving in three years and complaints made to parliament's workplace support service. Though Prime Minister Anthony Albanese said the allegations had been examined, Nationals senator Matt Canavan said Australians needed answers about whether Labor contacted those who made the claims and what kind of due diligence had been undertaken.
Yahoo
02-06-2025
- Business
- Yahoo
Maxine Waters campaign to pay $68K for violating campaign finance laws
Progressive California Rep. Maxine Waters' campaign has agreed to pay a $68,000 fine after an investigation found it violated multiple election rules. The Federal Election Commission (FEC) said the longtime House lawmaker's 2020 campaign committee, Citizens for Waters, ran afoul of several campaign finance laws in a tranche of documents released Friday. The FEC accused Citizens for Waters of "failing to accurately report receipts and disbursements in calendar year 2020," "knowingly accepting excessive contributions" and "making prohibited cash disbursements," according to one document that appears to be a legally binding agreement that allows both parties to avoid going to court. Dems Fume Over 'Due Process' For Abrego Garcia Despite Long History Of Party Bucking The Legal Principle Waters' committee agreed to pay the civil fine as well as "send its treasurer to a Commission-sponsored training program for political committees within one year of the effective date of this Agreement." "Respondent shall submit evidence of the required registration and attendance at such event to the Commission," the document said. Read On The Fox News App Citizens for Waters had accepted excessive campaign contributions from seven people totaling $19,000 in 2019 and 2020, the investigation found, despite the maximum legal individual contribution being capped at $2,800. The committee offloaded those excessive donations, albeit in an "untimely" fashion, the document said. Waters' campaign committee also "made four prohibited cash disbursements that were each in excess of $100, totaling $7,000," the FEC said. The campaign committee "contends that it retained legal counsel to provide advice and guidance to the treasurer and implemented procedures to ensure the disbursements comply with the requirements of the Act." Leilani Beaver, who was listed as Citizens for Waters' attorney, sent the FEC a letter last year that maintained the campaign finance violations were "errors" that "were not willful or purposeful." Waters, the top Democrat on the House Financial Services Committee, has served in Congress since 1991. The new movements in the probe were first reported by OpenSecrets. Maxine Waters Floats Deporting Melania Trump In Anti-doge Diatribe It is not the first time, however, that Waters has generated public scrutiny. In 2023, a Fox News Digital investigation found that Waters' campaign paid her daughter $192,300 to pay for a "slate mailer" operation between Jan. 2021 and Dec. 2022. It was reportedly just one sum out of thousands that Waters had paid her daughter for campaign work. A complaint that Waters' campaign had accepted illegal campaign contributions in 2018 was overwhelmingly dismissed by the FEC in a 5-1 vote. Fox News Digital reached out to Beavers, Waters' congressional office and Citizens for Waters for article source: Maxine Waters campaign to pay $68K for violating campaign finance laws
