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Daily Archives: June 25, 2020

3 US States Issue Quarantine Orders for Visitors from States Hit Hard by COVID-19

The northeastern U.S. state of New York, which bore the initial brunt of the novel coronavirus pandemic, is requiring visitors from eight states to enter into a two-week quarantine period.

The order announced Wednesday by New York state Gov. Andrew Cuomo applies to residents of Alabama, Arizona, Arkansas, Florida, North Carolina, South Carolina, Texas and Utah, all of which have reported a rising number of new cases in recent weeks. Cuomo was joined by video conference by fellow Democrats Ned Lamont and Phil Murphy, governors of the neighboring states of Connecticut and New Jersey, which are duplicating New York’s quarantine requirements.

The tri-state quarantine mandate was issued the same day the United States reported more than 36,000 new COVID-19 infections, the highest one-day number of new cases since late April. The bulk of the new infections stretch across the nation, from Florida in the southeast, through the southwest including Arizona and Texas and into the western state of California.

Disney delays

Several states reported their highest number of coronavirus hospitalizations since the start of the pandemic in March, including Texas, which recorded over 5,000 total new cases, including over 4,000 hospitalizations, and California, which posted a staggering 7,000 total new cases. The soaring rates of infections in California has prompted the Disney entertainment giant to postpone the planned reopening of its popular Disneyland and Disney California Adventure theme parks, which were scheduled for July 17, the 65th anniversary Disneyland’s opening.

The company said it will wait until state officials issue its theme park reopening guidelines, which will occur sometime after July 4.

Disneyland’s sister theme park, Florida-based Walt Disney World, which is also slated to reopen next month, will host the National Basketball Association when it resumes its regular season. But those plans were overshadowed when three NBA players, Malcolm Brogdon of the Indiana Pacers and Jabari Parker and Alex Len of the Sacramento Kings, announced they had tested positive for the coronavirus. The trio’s positive results came as part of the mandatory testing for the 22 teams that will participate in the resumed season that is set to tipoff on July 30.

The United States leads the world in both total number of infections with more than 2.3 million cases, about one-fourth of all cases, and nearly 122,000 deaths as of early Thursday, according to Johns Hopkins University’s Coronavirus Resource Center.

Latin America has emerged as the world’s newest epicenter for COVID-19 with the regional death toll surpassing 100,000 with more than half, 54,000, in Brazil.

10 million cases

World Health Organization chief Tedros Adhanom Ghebreyesus says the number of coronavirus cases throughout the world could reach 10 million next week, a sharp increase from the 9.3 million cases, including over 482,000 deaths, currently reported.

WHO emergencies chief Dr. Mike Ryan said Wednesday the pandemic for many countries in the Americas still has not peaked, and that the outbreak in the region was “still intense,” particularly in Central and South America.

Ryan said many countries in the Americas have seen increases in cases in the last week ranging between 25 percent and 50 percent.

Tedros said the 10 million milestone projected for next week is “a sober reminder that even as we continue our research into vaccines and therapeutics, we have an urgent responsibility to do with the tools we have now to suppress transmission and save lives.”

 

Source: Voice of America

New Coronavirus Infections in US Near Record High

 

The number of new single-day coronavirus infections in the U.S. is near record highs as the government revealed more than 20 million people in the U.S. could have contracted the virus.

The U.S. states reported 39,327 new cases Thursday, according to The Washington Post, the highest one-day total since the outbreak began in December.

Johns Hopkins University recorded 34,300 cases Wednesday, shy of its reported record high of 36,400 on April 24.

Harvard Global Health Institute director Ashish Jha said in an interview Thursday on NBC’s “Today” show that the recent increase in U.S. infections was due to the premature reopening of the country’s economy while lacking appropriate safety procedures.

Meanwhile, the U.S. Centers for Disease Control and Prevention said Thursday the number of coronavirus cases may be 10 times greater than has been reported.

 

CDC: 20 million cases

A count by Johns Hopkins University puts the number of cases at 2.5 million. However, the real number of estimated cases is about 20 million, the CDC said.

Officials have long believed the actual number of cases has been underreported.

 

The CDC says it bases its new estimate after studying blood samples from across the country. It says many cases were not caught because early testing was limited or carried out only on those people who showed symptoms.

The CDC estimates that 6% of the U.S. population has had COVID-19.

Officials report the number of single-day deaths in the U.S. fell last week, but the number of cases appears to be growing.

One-day records

Several states set new one-day records this week – mostly in the South and West. They include Arizona, California, Nevada, Oklahoma and Texas. Other states are also reporting a rise in the number of new cases.

Officials are generally blaming the surge in new cases on young people who they say refuse to wear masks, won’t heed calls for social distancing, and are spreading the virus to more vulnerable older adults.

Texas Governor Greg Abbot said Thursday that the state would delay reopening plans to contain surges of new infections.  He signed an executive order suspending elective surgeries at hospitals in four counties to guarantee adequate space for coronavirus patients.

 

“The last thing we want to do as a state is go backwards and close down businesses,” Abbott said.

Also Thursday, the CDC updated its list of those it says are at higher risk for a severe case of COVID-19 to include pregnancy.

It also says a person’s age does not necessarily put him or her at an increased risk.

The CDC also added the disease sickle cell as an underlying condition that would make a COVID-19 victim suffer more.

CDC officials say they expect to come out with recommendations for racial and ethnic minority groups soon.

Complaint filed 

Dr. Rick Bright, a top government medical researcher, is charging the Trump administration for increasing what he called a “coordinated effort” to punish him for exposing what he said is a bungled response to the coronavirus.

Bright has filed a new complaint with the federal watchdog agency to whom government whistleblowers can turn.

Bright was the head of the Biomedical Advanced Research and Development Authority.

His complaint said he has been downgraded to a much lesser role in the National Institutes of Health and that, because of his reduced role, he “is cut off from all vaccine work, cut off from all therapeutic work, and has a very limited role in the diagnostic work.”

According to the complaint, a former colleague said Health and Human Services chief Alex Azar warned him and others that if anyone were to help Bright, “there would be hell to pay.”

Bright apparently tried to warn the White House and HHS earlier this year that the country was unprepared for the coronavirus pandemic. He also balked at pushing hydroxychloroquine – the drug Trump has touted as an effective treatment for COVID-19, but which could have deadly side effects.

Trump called Bright an “angry, disgruntled employee.”

Around the globe

Elsewhere, Portuguese officials reimposed lockdowns in some parts of Lisbon after a surge of new coronavirus cases in the capital’s outskirts.

 

“The only effective way to control the pandemic is to stay home whenever possible, keep physical distance at all times, and always maintain protection and hygiene standards,” Prime Minister Antonio Costa told a news conference.

There has been a little more than 40,000 COVID-19 cases in Portugal and about 1,500 deaths. The country started easing lockdowns early last month. But officials blame close contact on buses and trains for the rise in new cases in some of the city’s poorer areas.

Monitors with the U.N. migration agency said they were “very shocked” to find that hundreds of migrants arriving in Somalia every day have never heard of the coronavirus.

The monitors told the Associated Press that about 51% of those they interviewed said they knew nothing about the disease. They said many of those unaware of the coronavirus are men from rural parts of Ethiopia, where very few people have internet access.

U.N. migration officials said those who are unaware of the coronavirus are given a short explanation of the pandemic, how the virus is contracted, the symptoms and how to prevent it.

 

Source: Voice of America

Pulse Secure and Gigamon Partnership Strengthens Secure Access from Any Device as Market Demand for Zero Trust Network Access Grows

New certified integration enhances on-premises access visibility and User and Entity Behavior Analytics (UEBA) capabilities

SINGAPORE, June 25, 2020 (GLOBE NEWSWIRE) — Pulse Secure, the leading provider of software-defined Secure Access solutions, today announced successful integration and joint compatibility testing between Gigamon and Pulse Secure to ensure customers that Pulse Secure’s Network Access Control (NAC) solution, Pulse Policy Secure, can fully leverage the endpoint contextual information received from Gigamon as remote workers return back to their office. The combination of Gigamon and Pulse provides organizations real-time visibility of network-connected devices and Zero Trust control leveraging adaptive authentication and User and Entity Behavior Analytics (UEBA) to detect anomalies and mitigate unauthorized and malicious access to network applications and resources.

Pulse Policy Secure is a top-selling, full-featured Network Access Control solution that is easy to deploy, manage, integrate and scale. Gigamon, sends consolidated traffic information with dynamic filtering to Pulse Policy Secure to enhance endpoint visibility across distributed networks and more automated endpoint security compliance. Leveraging Pule Secure UEBA features, Pulse Policy Secure can identify and respond to anomalous activity such as suspicious IoT activity, DGA attacks and MAC spoofing as part of the solution’s adaptive authentication capabilities aligning to Zero Trust control.

“The growing adoption of Zero Trust makes it essential that the security vendor community works in concert to ensure that critical security analytic data flows seamlessly across solutions to provide the visibility and control enterprises need to make better informed secure access decision in real time,” said Alex Thurber, Chief Revenue Officer for Pulse Secure. “We have worked closely with Gigamon at a technical level to create a smooth integration process with capabilities that will ensure our joint customers gain tangible benefits in deploying our technologies together to aid both network management and secure access in support of Zero Trust.”

Joint Solution Benefits include:

  • Support Zero Trust strategies. Discover, profile and authenticate users and devices prior to granting access according to their security posture.
  • Define security posture policies for user roles and endpoints. Then automatically enforce access rules on all endpoints (based on identity, role, device class and security posture) before they are allowed on the network.
  • Improve overall security. Enforce dynamic network segmentation of devices at the network edge to prevent threats from spreading laterally, and enable bidirectional integration with the security infrastructure (SIEM and NGFW, for example) for expedited threat response.
  • 360-degree endpoint insight. Pulse Policy Secure captures in-depth endpoint intelligence and continuously monitors for suspicious state changes to provide reports about access issues and trends.
  • Behavioral Analytics. Correlation of user access, device contextual information, and system logs in a new analytics engine to find anomalies and mitigate threat risks.

Pulse Policy Secure integrates with the Gigamon Visibility and Analytics Fabric, which is used to monitor all network traffic — including east-west data center traffic and private and public cloud workloads — so all traffic can be analyzed together in order to reduce blind spots and increase the likelihood of spotting suspicious behavior.

“Ecosystem partnerships are essential to the adoption of Zero Trust initiatives and working closely with key Secure Access vendors, such as Pulse Secure, to help ensure seamless integration is vital for customers to maximize their return on investment,” said Gigamon President and Chief Operating Officer Shane Buckley.  “As organisations strive to do more with fewer resources, they often turn to automation to help realize benefits that are greater than the sum of their contributing parts.”

Additional benefits of using Gigamon alongside Pulse Secure include traffic aggregation to minimize port utilization. In cases where network links have low traffic volumes, the Gigamon Visibility and Analytics Fabric can aggregate these together before sending them to the Pulse Policy Secure NAC solution in order to minimize the number of ports that need to be used. By tagging the traffic, the Fabric ensures the source of traffic can be easily identified.

In addition, Gigamon Visibility and Analytics Fabric offers enhanced control of asymmetric routing to ensure session information is kept together. Pulse Policy Secure gains the complete context of an endpoint’s connections and fortified security analytics.

“Based on the principle of ‘never trust, always verify,’ Zero Trust Networking (ZTN) requires the coordination of various security technologies to enable perimeter enforcement, network segmentation and adaptive access control,” said Tony Massimini, senior industry analyst at Frost & Sullivan. “Vendor collaboration, such as that between Gigamon and Pulse Secure, demonstrates the value of interoperability that supports customers advancing Zero Trust initiatives.”

The enhanced integration capability is freely available as part of the standard licensing model for both platforms, as part of Pulse Policy Secure and Gigamon Visibility and Analytics Fabric. Pulse Secure Partners also offers Gigamon solutions to its client base, making the partnership of particular relevance to the security channel community.

Mutual customers and partners can learn more about the Gigamon, Pulse Secure integration by visiting https://www.pulsesecure.net/gigamon/.

TWEET THIS: Pulse Secure and Gigamon certifies integration to fortify on-premise endpoint visibility, secure access, and User and Entity Behavior Analytics capabilities as workers begin to return to the office #PulseSecure #Gigamon #NetworkAccessControl #SecureAccess #ZeroTrust

About Pulse Secure
Pulse Secure provides easy, comprehensive software-driven Secure Access solutions for people, devices, things and services that improve visibility, protection and productivity for our customers. Our suites uniquely integrate cloud, mobile, application and network access to enable hybrid IT in a Zero Trust world. Over 24,000 enterprises and service providers across every vertical entrust Pulse Secure to empower their mobile workforce to securely access applications and information in the data center and cloud while ensuring business compliance. Learn more at www.pulsesecure.net

Follow @PulseSecure on Twitter or visit us on LinkedIn and Facebook.

Media Contact:
Tony Tan
Autonomy for Pulse Secure
tony@autonomy.marketing 
+65 6570 9139

Constellation Brands Signs Separate Agreements to Divest Paul Masson Grande Amber Brandy and Nobilo Wine Brands as Part of Company’s Wine & Spirits Transformation

VICTOR, N.Y., June 25, 2020 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, today announced it has signed an agreement with Sazerac Company, Inc., one of America’s oldest privately held distillers, to divest the Paul Masson Grande Amber Brandy brand, related inventory and interests in certain contracts for an aggregate of approximately $255 million. The deal is subject to certain purchase price and closing adjustments, requires FTC review and clearance, and is expected to close in the second quarter of fiscal 2021.

Constellation has signed a separate agreement with E. & J. Gallo Winery to divest its Nobilo Wine brand and certain related assets and liabilities for $130 million, subject to purchase price and closing adjustments. The Nobilo transaction is expected to close by the end of the second quarter of fiscal 2021. This agreement was previously announced in December 2019 and is contingent on closing the amended revised deal announced in May 2020 in which Constellation agreed to divest a portion of its wine and spirits portfolio principally priced at $11 retail and below, and certain related facilities to E. & J. Gallo Winery for approximately $1.03 billion, subject to closing adjustments, of which $250 million is an earnout based on divested brand performance over a two-year period after closing. This amended revised deal, which requires FTC review and clearance, and governmental approvals, is expected to close in the second quarter of fiscal 2021.

“These agreements represent another step forward in our efforts to transform our wine and spirits business,” said Bill Newlands, president and chief executive officer at Constellation Brands. “Thanks to the continued hard work of our Constellation team members, together with our distributor and retailer partners, our strategy continues to gain momentum. We look forward to closing these transactions in the coming months.”

Additional commentary related to these agreements will be provided during Constellation Brands’ first quarter fiscal 2021 results conference call to be held Wednesday, July 1, 2020, at 11:30 a.m. EDT. The conference call can be accessed by dialing +1-877-673-1771 and entering conference identification number 2076116, beginning at 11:20 a.m. EDT. A live, listen-only webcast of the conference call will be available on the company’s website, www.cbrands.com, under the Investors/Events & Presentations section.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans and objectives of management, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such results will in fact occur or will occur on any contemplated timetable. All forward-looking statements speak only as of the date of this news release and Constellation Brands undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The revised wine and spirits transaction, the Nobilo transaction and the Paul Masson Grande Amber Brandy transaction are each subject to the satisfaction of certain closing conditions, including the receipt of required regulatory clearances and other governmental approvals. The Nobilo transaction is also conditioned on the completion of the revised wine and spirits transaction. There can be no assurance that the revised wine and spirits transaction, the Nobilo transaction, or the Paul Masson Grande Amber Brandy transaction will occur or will occur on the terms or timetables contemplated hereby or that Constellation Brands will receive any earnout (contingent consideration).

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including completion of the revised wine and spirits transaction, the Nobilo transaction, and the Paul Masson Grande Amber Brandy transaction on the expected terms, conditions, and timetables; regulatory requirements; actual purchase price adjustments and other actual closing adjustments; the actual market performance of brands included in the contingent consideration payment opportunity; the accuracy of all projections; and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 29, 2020, which could cause actual future performance to differ from current expectations.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and our high-quality premium wine and spirits brands, including the Robert Mondavi Brand Family, Kim Crawford, Meiomi, The Prisoner Brand Family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Alex Wagner 415-912-3788 / alex.wagner@cbrands.com
Patty Yahn-Urlaub 585-678-7483 / patty.yahn-urlaub@cbrands.com
Bob Czudak 585-678-7170 / bob.czudak@cbrands.com

A downloadable PDF copy of this news release enhanced with multimedia links can be found here: http://ml.globenewswire.com/Resource/Download/234323a3-c0a4-4478-a427-bb5f46b6e833

Graduate Management Admission Council Announces New Incoming Chairperson of the Board and Four New Board Members

New members from Africa and India reflect the increasingly global nature of graduate management education

RESTON, Va., June 25, 2020 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced a new board chairperson and the addition of four new members to its board of directors. The terms will begin on July 1, 2020.

Martin Boehm, Dean and Professor of Marketing at IE Business School has served on the GMAC board since 2017 and will represent GMAC as its new board chairperson for two consecutive years, replacing William Boulding who concludes his two-year term on June 30. Professor Boehm has held several roles within IE Business School including Dean of Programs and Associate Dean of Master in Management Programs. He teaches across the School’s Master in Management, MBA, Executive MBA, and PhD programs. Prof. Boehm’s research provides managerial implications on how to build profitable and long-lasting customer relationships. His primary concern is to quantify the impact of various customer management activities on a customer’s lifetime value.

“I am excited to build upon my experience with GMAC in this new role as chairperson,” said Boehm. “The business school value proposition is strong, and that doesn’t change in a COVID-19 environment. In fact, it’s essential, now more than ever, that we help today’s students prepare for the unforeseen challenges of tomorrow, through flexible and adaptive learning in and out of the classroom. The industry has an impactful story to tell across a number of different indicators and I’m excited to help lead that discussion.”

The new board members include: Ranjan Banerjee, Dean, Professor of Marketing, S.P. Jain Institute of Management and Research; Soojin Kwon, Managing Director, Full-Time MBA Admissions and Program, Stephen M. Ross School of Business, University of Michigan; Enase Okonedo, Dean, Lagos Business School, Pan-Atlantic University; and Jay Nibbe, EY Global Vice Chair – Markets as an independent director.

“We’re excited to engage and collaborate with some of the brightest minds in Graduate Management Education from regions across the world,” said Sangeet Chowfla, president and CEO of GMAC.  “Enhancing diversity and global perspective on our board better enables GMAC to bring solutions and ideas to the marketplace that help address the unique challenges and opportunities associated with our industry.”

New GMAC Board Members

Dr. Ranjan Banerjee (Dean Director), Dean, Professor of Marketing, S. P. Jain Institute of Management and Research

Dr. Ranjan Banerjee holds an engineering degree from IIT Bombay, an MBA from IIM Calcutta and a PhD in Marketing from the Carlson School, University of Minnesota. He is an internationally renowned teacher, speaker, researcher, and consultant. His consulting clients include Vodafone, BASF, Philips, Legrand, etc. His areas of interest and expertise include marketing channels and incentives, design thinking, change management, learnability, and innovation in education systems. He has recently begun a second term as Dean and Professor of Marketing at S.P. Jain Institute of Management and Research, one of India’s premier business schools. During his first term, a number of significant changes have been implemented at the institute. He has co-authored a bestselling book on the “Made In India Manager.”

Soojin Kwon (Representative Director), Managing Director, Full-Time MBA Admissions and Program, Stephen M. Ross School of Business, University of Michigan

Soojin Kwon is the managing director for full-time MBA Admissions and Program at Michigan Ross. She joined Ross in 2004, became director of MBA Admissions in 2006 and launched the team exercise as part of their admissions process. In 2016, she became managing director of the full-time MBA Admissions and Program, overseeing admissions, academics, and student experience for 800+ students. Soojin is also a lecturer of Business Communication and has taught in Ross’ BBA and MBA Programs and Executive Education. Prior to Ross, Soojin was a manager in Deloitte’s strategy and operations practice. She has also served on the Senate Budget Committee, House Appropriations Committee, and at the Department of Commerce as a presidential management fellow. Soojin is a frequent presenter at GMAC’s Annual Conference and Leadership Conference and has served as the faculty in residence and instructor in GMAC’s Admissions Institute for New Professionals. She was previously on the board of the Forte Foundation. Soojin holds an MBA from Ross, a Master’s in Public Policy from Harvard’s Kennedy School of Government, and a bachelor’s in conomics and Political Science from Yale

Jay Nibbe (Board Elected Director), Global Vice Chair – Markets, EY

Jay Nibbe has 35 years’ experience serving a wide variety of clients and filling numerous leadership roles. He joined EY in 1985 and became a partner in 1994. Currently, he serves as EY Global Vice Chair – Markets and as a member of the EY Global Executive. He oversees all accounts across all EY service lines, sectors and geographies. As part of this role he is responsible for leading Global Industry, Global Solutions, Alliance Partnerships, Managed Services, Business Development and the EY global alumni programs. He was a board member at the Minnesota State University Moorhead Alumni Foundation (from 2007 to 2009) and is currently a member of the US-Russia Business Council, and the SKOLKOVO International Advisory Board (Moscow). He holds a bachelor’s degree in accounting and finance degree from Minnesota State University Moorhead and a master’s degree in business taxation from the University of Minnesota.

Enase Okonedo (Dean Director), Dean, Lagos Business School, Pan Atlantic University

Enase Okonedo, FCA is a professor of management and an accomplished professional with over 30 years’ experience in the financial services and management education sectors. In 2009, she became Dean of Lagos Business School where she has the responsibility for setting the strategic direction for the school. Under her leadership, the school achieved international accreditations from AACSB International and the Association of MBAs (AMBA). As Dean, Lagos Business School has sustained its Financial Times of London ranking becoming one of the top 50 global providers of Open-Enrolment and Custom Executive Education programs in 2020. In 2018, the Lagos business School Executive MBA was ranked as one of the top 50 EMBA programs by The Economist magazine. She has served as a board member and chairperson of the Association of African Business Schools (AABS) and a member of the board and Secretary-Treasurer of AACSB International. She currently serves on the board of the Global Business School Network (GBSN); is a member of the International Advisory Board of Porto Business School, Portugal; as well as a member of the Academic Advisory Board, Blatnavik School of Government, University of Oxford. She is President of AIFA Reading Society; Nigeria, a member of the Panel of Advisors, Africa Initiative for Governance (AIG) and also serves on the boards of several other companies.

GMAC also recognizes its outgoing board chair, William Boulding, Dean of the Fuqua School of Business at Duke University. Among Dr. Boulding’s many accomplishments as GMAC’s board chairperson, he oversaw the creation and launch of GMAC’s Early Warning Signals white paper, bringing issues associated with student and talent mobility to the forefront of public policy discourse. As part of that work Dr. Boulding noted that, “Aspiring students who want to cross national borders to attend business school are a critical economic resource; over the course of their careers, these graduates will guide companies through complicated but lucrative foreign markets, provide overseas contacts for their classmates, provide top-tier talent for global companies, and stitch together the global economy.” While Dr. Boulding’s two-year term as GMAC board chairperson expires on June 30, he will continue to serve as a Dean Director on the GMAC board until June 30, 2022.

Also leaving the GMAC board as of July 1 are Ellen J. Glazerman, Executive Director, Ernst & Young Foundation, Ernst & Young LLP; D. Eric Hirst, Senior Associate Dean for Academic Affairs and King Ranch Chair for Business Leadership, McCombs School of Business, The University of Texas at Austin; Xiongwen Lu, Dean and Professor of Marketing , School of Management, Fudan University; and Sri Zaheer, Dean and Elmer L. Andersen Chair in Global Corporate Social Responsibility, Carlson School of Management, University of Minnesota. GMAC thanks them for their service to our organization and contributions to the graduate management education community.

About GMAC

The Graduate Management Admission Council™ (GMAC™) is a mission-driven association of leading graduate business schools worldwide. Founded in 1953, we are committed to creating solutions for business schools and candidates to better discover, evaluate, and connect with each other. We work on behalf of the schools and the graduate management education community, and guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.

GMAC provides world-class research, professional development opportunities and assessments for the graduate management education industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment, recognized by more than 7,000 programs worldwide. Other GMAC assessments include the NMAT by GMAC™ (NMAT™) exam, for entrance into graduate management programs in India, Nigeria, the Philippines, and South Africa, and the Executive Assessment (EA), which supports the admissions needs of more than 160 programs around the world.

Our flagship portal for graduate management education resources and information, www.mba.com, receives over 7 million visits a year and features the Program Finder matching tool and GMASS™ search service, a data-driven technology that helps connect candidates and business schools. These platforms are part of GMAC Connect, a suite of services that help schools attract students through recruiting solutions that marry our market intelligence, data, reach and candidate touchpoints.

Subsidiaries of GMAC include UK-based online publishing company BusinessBecause, a content-rich destination that helps students identify the right-fit business schools during the critical consideration and selection phases of their journey, and The MBA Tour, which supports business schools’ global recruiting efforts by organizing business education-focused events virtually and around the world.

GMAC is a global organization with offices in China, India, Singapore, United Kingdom, and the United States. To learn more about our work, please visit www.gmac.com.

Media contact:
Geoffrey Basye, Director of Media Relations, GMAC
+1 (202) 271-1529 or gbasye@gmac.com

African Development Bank ranks 4th on global index of transparency

ABIDJAN, Côte d’Ivoire, June 25, 2020 (GLOBE NEWSWIRE) — Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index. The Index is the only independent measure of aid transparency among the world’s major development agencies. The index places the Bank in the highest category of transparency along with other world class institutions such as the World Bank, the Asian Development Bank and UNDP.

“We congratulate the African Development Bank – Sovereign Portfolio on achieving 4th place in the 2020 Aid Transparency Index. As large quantities of aid are being reallocated to deal with the COVID-19 emergency, the transparency of international aid is more important than ever,” said Gary Forster, CEO of Publish What You Fund, which has produced the index each year since 2011.

Publish What You Fund ranked the Bank ‘very good’ — The highest of the five categories used to assess organisations’ transparency. The ranking is based on several criteria, including finance and budgets, basic information data, organisational planning and performance.

In the new Index, which covers the 2019 year,  the African Development Bank scored 95.5 out of 100 on transparency — A significant improvement on its score for 2018.

“It is promising to see an increase in the quantity, quality and timeliness of aid data now being shared by a broad cross section of the world’s major aid agencies. As we work together to fill the gaps in the aid data landscape, we look forward to exploring how we can best meet the demand for data and data engagement,” said Gary Forster, CEO of Publish What You Fund.

The institution’s commitment to total transparency is illustrated by MapAfrica — A web-based platform that maps the Bank’s investments across Africa.

“I am absolutely delighted with this achievement!” said Swazi Tshabalala, Acting Senior Vice President for the African Development Bank Group. “It crowns this institution’s commitment to transparency at a time when it has never been so important. With such large volumes of funding now being assigned to combat the Covid-19 pandemic, it is crucial for our citizens to know how much, where and when the African Development Bank is investing in Africa’s development.”

Click here to access the full report.

Contact: Emeka Anuforo, Media Relations Officer, Communications and External Relations Department, African Development Bank, email: e.anuforo@afdb.org

Virgin Hyperloop and Spirit AeroSystems Announce Collaboration Agreement

The companies will work together on the hyperloop prototype as Virgin Hyperloop moves toward a commercial design and creates a new global supply chain

LOS ANGELES and WICHITA, Kan., June 25, 2020 (GLOBE NEWSWIRE) — Spirit AeroSystems [NYSE: SPR] has joined in partnership with Virgin Hyperloop as it prepares to move towards a commercial product. The collaboration will help to solidify the hyperloop prototype utilizing Spirit Aerosystems engineers, fabricators, builders, supply chain and certification experts, and technicians.

“As one of the most credible aerospace-grade structures companies in the world, Spirit Aerosystems provides a strong fit for our team as we look to build out strong partners in the hyperloop ecosystem,” said Josh Giegel, Chief Technology Officer of Virgin Hyperloop.

Hyperloop is a new mode of transportation designed to eliminate the barriers of distance and time for both people and freight. It can travel at speeds approaching 700mph, connecting cities like metro stops — and it has zero direct emissions. With hyperloop, vehicles, called pods, accelerate gradually via electric propulsion through a low-pressure tube. The pod floats along the track using magnetic levitation and glides at airline speeds for long distances due to ultra-low aerodynamic drag.

The hyperloop supply chain is unique in the way it integrates existing technology with proprietary innovations to deliver a completely new transport experience. The pod is similar to an airplane fuselage in a low pressure environment, the columns similar to those of a pipeline, and the pressure management system similar to those used in industrial operations such as manufacturing semiconductors.

“As a new form of mass transportation, hyperloop opens up a new segment of diversification for us in the transportation space.  Our collaboration with Virgin Hyperloop is a prime example of our belief that this burgeoning industry is a game changer,” said Keith Hamilton, Spirit Executive Director of Programs & Business Development.  “Through leveraging our values and core competencies of designing and manufacturing aerostructures, many of the skills are transferable to produce the hyperloop bogie.”

This new transit mode will unlock exponential growth opportunities for cross-industry manufacturing and development jobs – across construction, aerospace, rail, automotive, aviation, electric vehicles, and autonomous control.  As Virgin Hyperloop looks to create the first Hyperloop Certification Center in the United States, it will bring thousands of jobs for first movers of the technology and its partners.

About Virgin Hyperloop 

Virgin Hyperloop is the first company in the world that has successfully tested its hyperloop technology at scale, launching the first new mode of mass transportation in over 100 years. The company successfully operated a full-scale hyperloop vehicle using electric propulsion and electromagnetic levitation under near-vacuum conditions, realizing a fundamentally new form of transportation that is faster, safer, cheaper, and more sustainable than existing modes. The company is now working with governments, partners, and investors around the world to make hyperloop a reality in years, not decades. They currently have projects underway in the US, India, and the Middle East. Learn more about Virgin Hyperloop’s technology, vision, and ongoing projects here.

About Spirit AeroSystems, Inc.

Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the U.S., U.K., France and Malaysia. The company’s core products include fuselages, pylons, nacelles and wing components for the world’s premier aircraft. Spirit AeroSystems focuses on affordable, innovative composite and aluminum manufacturing solutions to support customers around the globe. More information is available at www.SpiritAero.com.

On the web: www.spiritaero.com
On Twitter: @SpiritAero

Contacts:

Media:

Ryan Kelly
Vice President of Marketing and Communications
(610)-442-1896
Ryan.kelly@virginhyperloop.com

Keturah Austin
(316) 523-2611
keturah.austin@spiritaero.com