Tag Archives: Ace

Felicity Ace: A cargo ship full of luxury cars is on fire and adrift in the middle of the Atlantic

The 656 foot-long Felicity Ace roll-on/roll-off car-carrying ship caught fire in the North Atlantic on Wednesday as it carried cargo, including Porsches and Volkswagens, from Emden, Germany to Davisville, Rhode Island. At the time of the fire’s outbreak, the ship was sailing 90 nautical miles southwest of Portugal’s Azores, according to a statement on Wednesday by the Portuguese Navy.

After the fire broke out in the cargo hold, it spread and forced all 22 crew members to abandon ship. According to another statement by the Portuguese Navy, the crew was safely picked up and taken to a local hotel, with the rescue coordinated by the Ponta Delgada Maritime Search and Rescue Coordination Center. There has been no noticeable source of pollution from the fire, according to the statement.

The ship’s owners have arranged for a tow as it continues to burn. Registered to Panama, the Felicity Alice is operated by Japanese shipping line Mitsui O.S.K. Lines (MOL). MOL has not responded to request for comment.

Porsche confirmed to CNN Business that a number of its cars were among the cargo and that customers with cars on board the burning ship are being contacted by their dealers.

“While it remains too early to confirm what occurred and next steps, we are — along with our colleagues at Porsche AG — supporting our customers and our dealers as best we can to find solutions,” said Angus Fitton, Vice President of PR at Porsche Cars North America. “We are in contact with the shipping company and the details of the cars on board are now known.”

Expectant Porsche owners with cars on board like journalist and host Matt Farah, who said he had a 2022 Porsche Boxster Spyder awaiting delivery, have already started receiving word from dealerships about the status of their vehicles.

“The dealer confirmed that my car, along with at least a dozen other vehicles they were expecting, is on that boat,” Farah said. “They had no further information for me beyond confirming my car was on the boat, and said that as soon as Porsche Cars North America has a plan of any kind with how to proceed, that they would share the plans with me.”

Volkswagen also has customers awaiting vehicles on the burning cargo ship. “We are aware of an incident involving a third-party cargo ship transporting Volkswagen Group vehicles across the Atlantic. The vessel was on its way to North America,” said Dirk Ameer, a Volkswagen spokesperson. “At this time, we are not aware of any injuries. We are in contact with the shipping company to get more information about the incident.”

The Felicity Ace can carry over 17,000 metric tons of cargo, according to the Associated Press, with possibly thousands of cars on board . The Portugese Navy said that as of Thursday, the fire is ongoing, and an ocean patrol vessel remains on site to monitor the abandoned ship.

Read original article here

Wynn finds an ace in $1.7 bln property sale

The Encore Casino, built by Wynn Resorts, stands beside the Mystic River in Everett, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder

Register now for FREE unlimited access to Reuters.com

Register

HONG KONG, Feb 16 (Reuters Breakingviews) – Wynn Resorts’ (WYNN.O) boss Craig Billings has been dealt a tough hand. Covid-19 is slamming its business in Macau, and new ventures read more need cash. Net debt is already at $9.4 billion, more than 16 times 2021 EBITDA. So selling its Encore Boston Harbour property to raise funds and becoming a tenant makes sense.

As part of the deal, Wynn will offload the real estate for $1.7 billion in cash. The casino has also agreed to an initial annual rent of $100 million and a 30-year term. That works out to a cap rate, or the rental yield that the buyer collects, of 5.9% – in line with a similar leaseback deal in 2019 between MGM International Resorts and Blackstone (BX.N) for the iconic Bellagio estate in Las Vegas.

To compare, Wynn’s weighted average cost of capital is 9.2%, Morningstar analysts estimate. And the business it operates in Encore Boston, which opened just before the pandemic, should be a relatively stable and predictable revenue generator for the company. Tuesday’s results show it earned $68 million EBITDA in the fourth quarter alone. The odds look appealing. (By Katrina Hamlin)

Register now for FREE unlimited access to Reuters.com

Register

Follow @Breakingviews on Twitter

Capital Calls – More concise insights on global finance:

Electric vehicles run over ethanol and gas L4N2UQ42O

IBM quixotically hunts for fountain of youth read more

India app ban inflames Sea’s top fire read more

Clariant whistleblowers raise fears over controls read more

Crypto hangs up its Super Bowl placard read more

Register now for FREE unlimited access to Reuters.com

Register

Editing by Robyn Mak and Thomas Shum

Reuters Breakingviews is the world’s leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.



Read original article here

Blood pressure: Drug known as ACE inhibitor found to cause kidney damage

The tricky thing about high blood pressure is that it doesn’t have many symptoms, which makes it hard to notice the condition. But leaving high blood pressure untreated can lead to health problems, including heart attacks and strokes. To control high readings, some people will be prescribed blood pressure medicine.

Now, new research from the University of Virginia School (UVA) of Medicine found that this “commonly prescribed” drug for treating high blood pressure could be contributing to kidney damage.

The study has linked this concern to a long-term use of ACE inhibitor.

If you are affected by this, the researchers advise that you should continue taking the medications.

The purpose of this research is to gain a better understanding of the drug’s long-term effects.

DON’T MISS:

High blood pressure impacts a billion people around the world, with a third of adults suffering from the condition in the UK.

This new research set out to understand why severe forms of the condition are often linked to the thickening of the arteries and small blood vessels in the kidney, leading to organ damage.

The study found that specialised kidney cells called renin cells play a role in this.

These cells normally produce renin, which is a vital hormone that helps the body regulate blood pressure.

Using these blood pressure drugs for the long term was associated with hardened kidney vessels during both mice and human studies.

The researchers acknowledge that the medications can be “lifesaving for patients”, so they highlight the importance of continuing the treatment.

But the researchers add that more studies are needed to better understand the long-term effects on the kidneys.

Ariel Gomez, from UVA’s Department of Pediatrics and Child Health Research Center said: “It is imperative to find out what molecules these cells make so that we can counteract them to prevent the damage while the hypertension is treated with the current drugs available today.”



Read original article here

Square Enix Reveals Star Ocean The Divine Force For PS5

Screenshot: Square Enix / Kotaku

At long last, Square Enix’s interstellar JRPG series Star Ocean is back. Star Ocean The Divine Force is set to launch on PS4, PS5, Xbox One, Series X/S, and PC in 2022, the company revealed during today’s PlayStation State of Play livestream.

We didn’t get much in the way of hard info about the game’s story or gameplay systems, and it’s looking pretty rough at the moment, but still, as a longtime fan, I’m intrigued.

Here’s the trailer:

“Featuring a story that blends fantasy and a sci-fi settings, a plethora of different playable characters and side stories, and a unique battle system that allows for thrilling fights using simple and instinctive controls,” read’s Square Enix’s description for the Tri-Ace-developed game.

The same could be said of any Star Ocean, but this one looks to be following in the footsteps of JRPGs with more open world-style exploration like Monster Hunter and Xenoblade Chronicles. It’s hard to tell from the trailer, but it looks like combat will be more free-flowing as well instead of relying on discrete battlefields separate from the reset of the environment.

Screenshot: Square Enix / Kotaku

Star Ocean got its start on the SNES back in 1996. Since then there have been four more, as well as a number of ports and remasters, all of which revolve around a clash of magic and Star Trek-style exploration by technologically advanced civilizations. The first three games are great, but results have been much more mixed since the PS3 era.

It’s been five years since the last one, Star Ocean: Integrity and Faithlessness. That one was pretty terrible, and seemed like a sign Square Enix might abandon the name altogether. Somehow it hasn’t. It will soon be 2022, and apparently new Star Oceans will still be coming to new Sony consoles.

In the meantime, there’s no better place to get acquainted with the games than Star Ocean First Departure R, a remake of the first game which arrived on Switch and PS4 a couple years back.

Read original article here

Red Sox ace Chris Sale ties Sandy Koufax’s immaculate innings record

The MLB record for most immaculate innings in a career is now shared between two southpaws.

Boston Red Sox pitcher Chris Sale threw the third immaculate inning of his career on Thursday, striking out three Minnesota Twins on nine pitches in the third inning.

Here’s all nine pitches:

For years, Sale has been among the most unhittable pitchers in the majors when healthy thanks to his velocity, movement and unconventional mechanics. Unfortunately, that “when healthy” qualifier has been doing some work over the last few years. He struggled with elbow inflammation in 2019 and underwent Tommy John surgery in 2020 (he also thinks he might have had COVID-19).

Thursday’s start was only Sale’s third since returning from surgery.

Despite those woes, Sale threw his previous two immaculate innings in 2019 on May 8 and June 5. Add in a third immaculate inning and you tie Los Angeles Dodgers legend Sandy Koufax for the most in MLB history.

Sale remains just one of three active pitchers with multiple immaculate innings to their names, alongside Max Scherzer and Kevin Gausman.

Sale would finish Thursday with 5.1 innings pitched, two hits, two runs (both earned), two walks and eight strikeouts.

Read original article here

Los Angeles Dodgers ace Clayton Kershaw calls long absence ‘frustrating,’ expects to start build-up for return

SAN DIEGO — A fastball-only bullpen session on Tuesday was followed by an aggressive game of catch on Wednesday, which is expected to be followed by a more complete bullpen session on Friday. From there, Clayton Kershaw expects to begin his build-up in hopes of returning to the Los Angeles Dodgers’ starting rotation.

But he doesn’t know how long that will take or how stretched out he can ultimately get at this juncture in the season.

“Just as long as my elbow doesn’t hurt, we’re in a good spot,” Kershaw said on the field before Wednesday’s game against the Padres at Petco Park. “It’s been frustrating, it’s been a long time, it shouldn’t have taken this long. It’s frustrating on my part. But hopefully I can be around for the fun part and help us in September and October.”

Kershaw hasn’t pitched since July 3 because of inflammation around his left elbow. He admittedly tried to ramp back up too quickly, suffering lingering soreness after a three-inning simulated game a little more than three weeks later and once again shutting it down as a result.

Kershaw, 33, in the final year of his contract, said it’s too early to entertain the possibility of coming back as a reliever because he isn’t built up enough to take on a starter’s workload.

“I’m gonna do whatever is needed or wanted,” Kershaw said. “My focus is to get back to starting, but obviously whatever I can do, I’ll do.”

The Dodgers are currently operating with a four-man rotation that includes Max Scherzer, Walker Buehler, Julio Urias and David Price, the latter of whom had spent most of the season pitching out of the bullpen. Kershaw would ideally join that group and open games, even if he is only stretched out long enough to navigate through an opposing lineup once or twice.

Even without Kershaw — and largely without Mookie Betts — the Dodgers entered Wednesday’s game against the division-rival Padres with 14 wins over their past 16 games. They still trail the San Francisco Giants for first place in the National League West, but the Dodgers’ abundance of talent makes it clear that they will be a force once again in October.

Kershaw badly wants to take part.

Winning a championship last year hasn’t lessened that desire.

“Last year’s last year,” Kershaw said. “We wanna win this year. And especially with the team that we have — there’s not many times in your career that you can have this much talent on one team for a run. And who knows what it’s gonna look like next year and the year after that? You wanna take advantage of that. You wanna do whatever you can to be a part of it. Now, when it’s all set and done and you can look back, ‘Yeah, I won,’ and I can sink my head into that. But for now, I wanna win this year.”

Read original article here

Soapbox: The Hidden Delights Of The Great Ace Attorney

Did you know that Viggo Mortensen, the actor who played Aragorn in the Lord of the Rings movies, broke his toes on-set by kicking a helmet? The take ended up in the final cut, and Aragorn’s cry of frustration, grief, and despair is made all the more real knowing that poor Viggo’s toesies were probably burning in pain like the fiery pits of Mordor.

But you wouldn’t know this fact unless you had watched the LOTR DVD special features, which is quite the undertaking. The movies themselves are very long, so to sit through hours and hours of extra stuff is a big ask — but it’s worth it, because you can be That Guy who says “oh, this bit is where Viggo breaks his toes” when you watch it with friends.

Generally, video games don’t really have the same kind of special features, since making games isn’t quite as interesting to watch as making movies, and the developers aren’t usually as good on-camera as professional actors. But The Great Ace Attorney Chronicles does, and it’s actually one of the best parts of the game, especially this late in the Ace Attorney series.

When I first played Phoenix Wright: Ace Attorney, I would have been quite young, and not quite as interested in video game music, development, and concept art — in fact, I barely knew that any of those things really existed. All I really cared about was playing the game. But as the years went by, I became fascinated with the changes in the series: the detailed animations, the upgrade to 3D models, the way the soundtrack grew and deepened with each game. I wanted to know more about how the characters were designed, how the translations worked, and how on earth anyone managed to come up with the incredible theme for prosecutor Godot.

The Great Ace Attorney has a little section called “Special Contents”, which at first glance looks like not much: “Accolades”, which is the in-game achievements; “Gallery”, which is largely concept art; “Auditorium”, which is music and voice lines; “Tailor”, which allows you to change the characters’ outfits in the second game; “Escapades”, a bunch of “short extra episodes”; and “Credits”.

But dive further into the Gallery, Auditorium, and Escapades, and you’ll find a treasure trove of content. Do be warned, though — the special features can potentially spoil some things, like a particular character appearing, or a voice line that they haven’t said yet.

[image:3|[/image]

[image:4|[/image]

The Gallery contains scanned notes and concepts with commentary from the team, unused character designs, and a “Special Exhibit” that unlocks when you complete the game. It’s also where you’ll find “Moving Pictures”, a bunch of promotional animated content which is well worth watching, especially as much of it was untranslated and unpublished until now. “Special Trial 2017” has Phoenix and Maya meeting Ryunosuke and Susato, and it’s fantastic; “Ryunosuke Naruhodo’s Seven Days of Sin” is all about Herlock Sholmes getting annoyed at Ryunosuke, and it’s as weird as it is wonderful.

“From the original Japanese release of ‘Adventures’, we present two special videos that were shown exclusively at events and thirteen ‘Indictment’ and ‘Adjudication’ videos, where players voted on Ryunosuke’s guilt or innocence each evening online and the results were posted the next day.”
— Capcom’s description of the Moving Pictures

The Auditorium, likewise, contains not just the music and voices in the game, but the unused compositions, too, along with very brief explainers from the composers which are charmingly goofy (they use “lol” a fair bit). You’ll get to see how the Ace Attorney soundtrack and audio come together, working through drafts of songs and slowly refining them to get the finished product. My personal favourite is all the scrapped versions of the iconic “dialogue typing” sounds. Who knew there were so many types of type?

Finally, there are the Escapades: eight mini-episodes which you definitely shouldn’t play until you’ve finished the first game. They make for a nice little appetiser between the main courses of Adventures and Resolve, fleshing out a few of the main characters in each case with short, low-stakes vignettes — a nice change of pace from all the life-and-death stuff in the main story.

A small shout-out, I suppose, has to go to the “Tailor” section, too, because even though the alternative outfits are only for use in Resolve, it’s rather endearing to see Sholmes solving crimes in a cute pink “Japanese jumble” ensemble. And the “Accolades” bit might be a bit odd — in-game achievements? On a Nintendo console?! Goodness me — but they are fun, especially for long-time fans who’ll appreciate the award for talking about ladders.

Some of those achievements will be hard to get, of course, like the one for doing certain things in a certain order, or the one that requires you to examine every single shovel in the game, but The Great Ace Attorney at least lets you skip to certain checkpoints in each case, making it a little easier to be an achievement hunter.

Finally, one last small shout-out goes to the fact that the main menu background changes to represent the case you’re currently on. It’s so cool!!

I would have said that The Great Ace Attorney Chronicles is worth the admission price alone for these two 30+ hour games, but the added value of all these special features is incredible. As a fan of video games, development, or just fun facts, they’re unmissable, and I really hope that Special Features become more of a thing in games in general. After all, how will we ever know about the state of Mario’s toes otherwise?



Read original article here

The Great Ace Attorney Chronicles Has Been Rated For Nintendo Switch

© Capcom

Taiwan’s Digital Game Rating Committee has recently rated a total of four games for the Nintendo Switch.

The first title is The Great Ace Attorney Chronicles – which is part of Capcom’s Ace Attorney series (you know, Phoenix Wright) and is apparently a two in one release, according to the infamous Capcom leak dating back to last November.

It’ll feature The Great Ace Attorney (known in Japan as Dai Gyakuten Saiban) and The Great Ace Attorney 2. The first made its debut on the 3DS in 2015 and the second launched in 2017. This would also be the first time both games were released outside of Japan.

© 2K

The next title apparently en route to the Nintendo’s hybrid device is Tales from the Borderlands. This is an episodic adventure starring Rhys, Fiona and Handsome Jack. It was developed by Telltale Games and dates back to 2014.

This same title was recently announced for various other platforms, but hasn’t been officially confirmed for the Switch just yet – so stay tuned.

© tinyBuild

The third is Secret Neighbour. This is a scary online multiplayer version of the Hello Neighbor games by tinyBuild Games. It was originally released in 2019 and follows the release of Hello Neighbor on the Switch in 2018.

© Focus Home

Last of all is the off-road vehicle game SnowRunner by Saber Interactive and Focus Home Interactive. This one was first released in April last year and received plenty of positive reviews.

Would you be interested in playing any of these games on your Switch, if they are officially announced for the platform? Tell us down below.



Read original article here

This Ace Investor Just Trimmed Her Tesla Stake — Should You?

Many people have made huge profits by owning shares of Tesla (NASDAQ:TSLA). Even those who only have a year under their belt with the electric automaker’s stock have seen mind-blowing gains. Truly long-term investors have found life-changing wealth.

Ace investing pro Cathie Wood has benefited tremendously from Tesla’s rise. The chief investment officer at active exchange-traded fund pioneer ARK Invest has dramatically boosted the performance of several of her ETFs by owning shares of the auto giant.

So when two of ARK Invest’s ETFs trimmed their stakes in Tesla last week, it raised questions. Could the star investor be losing confidence in Tesla? Or is she just making prudent portfolio management decisions? Let’s look at what Wood did and what it means for Tesla investors.

Image source: Tesla.

2 sales of Tesla stock

The nice thing about the active ETF model is that you get to see the moves that Wood is making in her funds almost in real time. The funds make daily disclosures of their buys and sales, and you can track them to see when there are changes in sentiment at ARK Invest.

Last week, ARK made two moves involving Tesla. The ARK Innovation ETF (NYSEMKT:ARKK) sold about 137,000 shares of Tesla stock on Jan. 19, raising roughly $115 million. The ARK Next Generation Internet (NYSEMKT:ARKW) followed up on Jan. 20 with a much smaller sale of 10,500 shares, producing about $9 million in cash proceeds.

The sales were part of a broader reallocation. For Next Generation Internet, the ETF used the money to add to positions in Synopsys (NASDAQ:SNPS). Meanwhile, the six stocks that the Innovation ETF bought the day it sold Tesla included Regeneron Pharmaceuticals (NASDAQ:REGN) and Spotify Technology (NYSE:SPOT), among others.

Still a big Tesla owner

ARK Invest’s sales didn’t change the prominent role that Tesla stock plays in these two ETFs’ portfolios. The Innovation and Next Generation Internet ETFs still have Tesla as their largest positions, with a total of more than $2.8 billion invested in the stock across both portfolios. For both ETFs, Tesla makes up more than 9% of their respective assets under management.

It would therefore be unreasonable to conclude that ARK Invest has lost any confidence in Tesla’s ability to retain its leadership role in the electric vehicle industry. But it does raise an age-old dilemma: Do you let winners run even after they make up a large percentage of your overall holdings? Or do you cut back your positions in favor of reallocating money to other investment opportunities?

Risk vs. reward

Long-term investors like to hold onto stocks as long as they can. When a company’s underlying business is successful, it can generate huge growth rates in sales and earnings over periods of years or even decades. The stock usually follows suit, as investors have seen with Tesla as its vehicle deliveries have skyrocketed and it has started to generate a consistent profit.

That doesn’t mean long-term investors never sell. But it usually takes a massive change in a company’s fortunes to prompt a complete liquidation of a long-term investor’s position in a stock — something that fundamentally goes against the investor’s thesis for buying the stock in the first place.

However, when it comes to trimming a winning stock, there’s more debate. Some say it’s prudent to diversify to reduce the risk of having a concentrated position. Others argue that if a stock is winning, you shouldn’t mess with success.

When to trim

The question to ask yourself is this: Are you reducing your position because you have a stock you think has even better prospects for the future, or are you simply selling to lock in a gain?

Trimming a winning position in favor of investing in an even bigger possible winner can be a great move, especially in a retirement account for which you don’t have to worry about capital gains taxes. It doesn’t signal a loss of confidence in your original stock but rather the belief that you can do better elsewhere.

On the other hand, trimming for trimming’s sake isn’t always as clear. Raising cash as you search for better growth prospects isn’t a bad idea, but you have to be prepared for your original stock to keep rising even as you look. Taking money from winning stocks to reinvest in losing stocks, however, often turns out badly — especially when there were good reasons for those losers to underperform.

It certainly appears that ARK Invest’s motivation for trimming its Tesla position was to redeploy capital to other high-conviction stock ideas. That’s a worthy move — and it doesn’t say anything negative about Tesla’s ability to keep dominating its industry for years to come. If you have another stock you think will do even better than Tesla, you might want to consider doing the same thing ARK Invest did.



Read original article here