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Dental industry Leader Dr. Scott Leune To Launch Groundbreaking Podcast Series “Dear Scott”

FOR IMMEDIATE RELEASE​

The “Dear Scott Show” Podcast Is Being Released by Breakaway Seminar in an Effort to Assist Dentists and Dental Practices in Conquering Obstacles and Expanding Their Businesses.​

​(City, State) – [Location] Breakaway Seminar, a leading provider of business training and consulting services for dentists, is pleased to announce the launch of their new podcast, “The Dear Scott Show.” In the first episode, scheduled to air in February, Dr. Scott Leune will answer questions about problems that dental practice owners are currently dealing with and have submitted to the show.​

​The purpose of the show is to educate and empower dental professionals by delivering them actionable information and ideas that they can use to expand their practices. According to Dr. Leune, “We could not be more excited to launch this new resource for dental professionals.”​

​The Dear Scott Show will consist of weekly episodes that are each twenty minutes long and will be taped weekly. These episodes will be released on the company’s social media platforms once per week, with clips shared on social media in the gaps between episodes. During the show, Dr. Leune will respond to questions or challenges posed by viewers, such as “I now run one practice but am considering starting a second; when is the optimal time to do it?”​

​The goal of Breakaway Seminar is to provide private dentists with cutting – edge business models, operational procedures, and growth strategies so they can enjoy more success in their practices. The Dear Scott Show is an extension of that mission, and it offers dentists helpful insights and guidance in a manner that is convenient and easy to access.​

​Dr. Leune added, “The Dear Scott Show is an ideal addition to our already established seminar offerings and consulting services. It enables us to communicate with a more extensive audience and deliver an even greater amount of value to dental professionals interested in elevating their practices to the next level.”​

​The Advanced Startup Seminar and the Business Masters Seminar are two of the core services offered by Breakaway Seminar. The Dear Scott Show is the most recent addition to this collection of offerings. These events have received a lot of positive feedback, which has helped the organization establish itself as a prominent business training company for dentists and members of their teams.​

​About Breakaway Seminar:​

​It is Breakaway Seminar’s objective to support private dentists and assist them in thriving by providing them with cutting-edge business models, processes, and strategies. Breakaway Seminar is a prominent provider of business training and consulting services for dentists. The organization gives its clients access to a wide range of services, such as the Advanced Startup Seminar, the Business Masters Seminar, and, most recently, the Dear Scott Show podcast.​

​About Dr. Scott Leune:​

​Dr. Scott Leune is a prominent business strategist and speaker in the field of dentistry. He has vast expertise in establishing and maintaining profitable dental businesses. He is the founder of Breakaway Seminar, which has been of assistance to a large number of practices all throughout the country in their pursuit of financial success. The education offered at Breakaway Seminar’s events and through its consulting services is built on the foundation of Dr. Leune’s experiences and the lessons he has learned the hard way.​

​Visit their website at www.breakawayseminar.com to acquire additional information regarding the Dear Scott Show and the other services provided by Breakaway Seminar. 

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Business Education Health & Medicine Human Resources U.S

Dental Whale Launches Cutting-Edge Learning Series to Help Dentists Save Money

AVAILABLE IMMEDIATELY

Dental Whale Introduces a New Learning Series Podcast to assist Dental Professionals with saving money on purchases.

Sunrise, Florida – Dental Whale, a leading online source of dental supplies and equipment from some of the biggest names in the industry, is pleased to announce the release of its new Learning Series podcast. Beginning in the first week of February, dental professionals may check in to learn about the latest industry trends, best practices, and new products from industry experts.

The Dental Whale Learning Series podcast is ideal for keeping dentists and dental practices up-to-date on industry news and making informed purchasing decisions. The podcast will feature interviews with industry leaders, product reviews, and professional advice on several topics, including technology, materials, instruments, and practice management.

“We are thrilled to introduce this new resource for dental professionals,” said Joe Cavaretta, CEO of Dental Whale. “We recognize how important it is to stay current in the business, and we believe that the Dental Whale Learning Series podcast will be a great tool for dental professionals wishing to enhance their practice while saving money on top brand supplies and equipment.”

All major podcast sites, including Apple Podcasts, Spotify, and Google Podcasts, will carry the Dental Whale Learning Series podcast. Subscribe to the podcast on your chosen platform or visit DentalWhale.com/podcast (link to be updated) to stay up to speed on new episodes.

About Dental Whale

Dental Whale is a supplier of top-brand dental supplies and equipment, allowing dental professionals to save up to 40% on supplies, labs, or equipment. Dental Whale, with a staff of skilled specialists, is dedicated to assisting dental practices in improving their bottom line.

 

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Business Education Finance Services U.S

Boris Musheyev Disrupts The Tax Industry By Changing The Way Business Owners Do Their Taxes

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Queens, NY – February 8th, 2023 – Boris Musheyev founder of Boris M Tax Inc. new tax strategy e-book earns the Click Funnels 2-Comma Club award. The S-Corp Tax Book teaches entrepreneurs how to legally pay less in taxes using your S-Corporation. 

This ebook was created to educate entrepreneurs on how the United States tax code is designed and how they can use it to their advantage. Inside the book are tax strategies, deductions, and benefits that any profitable business owner can use to save money on taxes using S-Corporation.

The book also teaches business owners that accounting is more about being correct and putting the right numbers in the right boxes. It’s being strategic, and proactive and maximizing tax savings with tax planning.

Tax planning is not the same as tax preparation. Most people think that tax planning is just for the ultra-mega-rich, and it’s extremely underutilized by small business owners. 

Imagine you’re going on a road trip. Tax planning is like mapping out your route before you leave. You look at the big picture and decide the best way to get to your destination. You take into account things like traffic, construction, and road closures, so you can make adjustments and arrive at your destination on time.

Tax preparation, on the other hand, is like packing your bags and getting in the car. Once you’ve mapped out your route, you gather all the necessary items (documents, forms, etc.) and make sure they’re in order before you hit the road. You double-check that you have your driver’s license, registration, and insurance and that your gas tank is full. You’re ready to go.

Proactive tax planning is the only way to pay less in taxes. Tax planning is the process of looking at your life and business, and identifying strategic ways to minimize your tax liability with proactive tax planning strategies. It’s all about being proactive and taking advantage of opportunities to seriously save money on taxes.

Tax preparation, on the other hand, is the process of gathering all the necessary documents and information, and putting the right numbers in the right boxes. It’s all about being organized and making sure everything is in order before the deadline.

Just like a road trip, it’s important to start planning early and not wait until the last minute. If you wait until the last minute to map out your route, you’re going to miss out on tax-saving opportunities and overpay in taxes. Which is 100% avoidable.

In short, tax planning is all about using proactive tax strategies to pay less in taxes. Tax preparation is simply putting the right numbers in the right boxes. It’s important to start planning early and not wait until the last minute, just like a road trip.

As of today, over 20,000 copies of this book have been downloaded and more and more entrepreneurs learn about the power of tax planning and how S-Corporation can help them save money on taxes.

For more information on tax planning for your business visit www.borismtax.com.

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Health & Medicine Pharmaceuticals & Biotech Science Technology U.S

Underrepresentation & Overconsumption: Analysing the Diversity Gaps in Clinical Trials

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Randomised clinical trials (RCTs) have long been considered the bedrock for evidence-based treatment (EBT). Thus they should be designed to be pragmatic and accumulate data representing the larger population for the disease profile. However, the research output is jeopardised severely by the limited enrollment of social, racial, and ethnic minority groups.

The FDA (US Food and Drug Administration) has reported that only 5% of patients partaking in clinical trials are Black, less than 2% are Asian, and as for Latinos, the percentage is as low as 1%.

This disparity is threatening, as it causes trials to show variance in effectiveness. 

Releasing a draft guidance, the FDA has placed emphasis on enhancing diversity in industry-sponsored clinical trials (iCTs), reported Clinical Leader. 

The agency urges investors and sponsors to devise and present a Race and Ethnicity Diversity Plan early in the trial process as per the framework delineated in the guideline.

Why Does Diversity in Clinical Trials Matter

Even though racial and ethnic populations in the United States have a disproportionate burden for specific ailments, they are most often underrepresented in biomedical studies, said the FDA.

With “underrepresented racial and ethnic populations,” the FDA indicates ethnic groups like “Black or African American, Hispanic/Latino, Indigenous and Native American, Asian, Native Hawaiian and Other Pacific Islanders, and other persons of colour.”

Considering the response and exposure of over 20% of drugs vary with racial differences, the FDA marks race and ethnic minority inclusion in iCT as a pressing need.

According to a study, white Americans are predicted to become a minority by 2045. The white demographic decline in the USA makes clinical trial diversification critical to confirm that newly developed drugs are safe and effective for whoever may use them across the country. 

“The U.S. population has become increasingly diverse, and ensuring meaningful representation of racial and ethnic minorities in clinical trials for regulated medical products is fundamental to public health,” said FDA Commissioner Robert M. Califf, M.D. “Going forward, achieving greater diversity will be a key focus throughout the FDA to facilitate the development of better treatments and better ways to fight diseases that often disproportionately impact diverse communities.”

Barriers to Improving Patient Participation Diversity in Clinical Trials

According to the FDA, the scepticism of the trial process stemming from several historical events deter ethnic minorities from participating in iCTs.

Other factors include limited access to healthcare for ethnic minorities, socioeconomic conditions, insufficient patient recruitment and retention efforts, time and monetary restraints, etc.

The result: gaps in clinical trial diversity that affects the trial success rate.

How to Fill the Diversity Gaps

What can help bridge the diversity gaps in iCT and accelerate effective products to market?

Decentralised Clinical Trial (DCT) Platforms 

The COVID-19 outbreak has made sponsors realise the significance of DCTs in filling the diversity gaps in healthcare research and accelerating the long-overdue changes in trial design.

Let’s see how:

  • DCTs and hybrid study models allow trial teams to expand their participant pools. 
  • DCT platforms such as ObvioHealth that include ePRO and eConsent enable patients to contribute to clinical trials from the comfort of their homes.
  • By helping overcome barriers to participant recruitment, DCTs and hybrid models have encouraged a much higher enrollment rate.

The result: augmented trial outcomes that represent real-world patient populations.

Ethnically Diverse Workforce

According to research, the lack of workforce diversity in the USA has been highlighted as a leading factor impeding the inclusion of diverse populations and causing disparities in oncology trial results.

The good news? Studies found that 74% of Black and 81% of Latinx people are willing to volunteer for clinical trials if their physicians advise. With that said, engaging the workforce in clinical trials from underrepresented groups can help build trust with at-risk participants. 

On top of that, the NHS recognised workforce diversity as the key factor to bring clinical trials closer to underserved folks. 

Patient Expense Reimbursement

The FDA recognised patient expense reimbursement as an effective way to enhance clinical trial diversity. However, the lack of a consistent approach among CROs and regulators makes the process slow and ineffective. 

Wrapping Up

The FDA sheds light on the significance of global efforts in increasing patient diversity. DCT can be a step change in helping sponsors improve the enrollment of participants from underrepresented racial and ethnic populations in clinical trials. 

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Education Lifestyle Professional Services U.S Website & Blog

Tristan M. Stahl, founder of ValorMen release a new video gallery that reveals the most common unasked questions Christians have about God and their faith.

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Orlando Florida – February 15, 2023 – A new video gallery from ValorMen, led by Tristan M. Stahl, reveals the most common unasked questions Christians have about God and their faith. The gallery answers questions like “What is the fire of God really?” “What is the vengeance and wrath of God in the light of God’s love for us?” “What about the bad things in the world?” “Does God test us?” 

Tristan answers these questions from the perspective of Christ and the love God showed all people in His death and resurrection. Many Christians and even those who don’t believe in Jesus are experiencing peace of heart and mind about God. 

Tristan says that in all religions we are taught that God is a being that is above us and requires our sacrifice and/or faith to be accepted by Him. Tristan says that Jesus Christ reveals the exact opposite of the true nature of God. He says it reveals that God is close to us and that we are made in the very image and likeness of God. Tristan says that our design is in God, and therefore our design is love. Tristan believes that Christ proved we do not need to try and be love or be obedient to commandments out of our efforts, but that our obedience resides in resting in our God-given nature revealed in Christ. 

For anyone interested in learning more about Tristan’s messages and if you have a question yourself about God, check out the video gallery here: ValorMen Video Gallery

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Financial Market Lifestyle Real Estate U.K U.S

Dubai Remains One of the Most ‘Affordable’ Luxury Home Destinations in the World

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According to the Financial Express, Dubai continues to remain one of the world’s most ‘affordable’ luxury residential markets, with most prime residences transacting for an average $870/sq. ft. USD.

The ‘affordable’ price per square foot in most prime residential neighbourhoods—combined with Dubai’s safety, excellent climate, and unrivalled sun-sea-sand lifestyle—is helping the city cement its iconic status in the luxury property market, thus fuelling the demand.

How Dubai Is Considered an ‘Affordable’ Luxury Home Destination

According to the Dubai Residential Market Review Winter 2022-23, a report published by Knight Frank, the majority of submarkets in Dubai exhibit a house-price-to-income ratio of less than six times yearly income. 

Whereas, as a rule of thumb, a house is considered affordable when its price is around six times the gross income of a household.

The quarterly report, which analyses Dubai’s real estate market and sheds light on key trends and forecasts, also published average house prices vs. average annual income by neighbourhood to help readers understand how accessible the mainstream residential market is.

Based on this report and other factors, the Financial Express has determined that the majority of Dubai real estate is relatively affordable.

The only outliers are three exclusive areas—Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island—with house prices costing more than 20 times the average yearly income.

What’s Driving Demand for Dubai’s Luxury Homes?

Dubai’s luxury home sale boom continues as millionaires flock to the Emirates in search of second addresses in the city’s most exclusive enclaves. 

“The meteoric rise of Dubai’s multi-million-dollar homes market over the course of the last two years has been phenomenal. The performance at the top of the market clearly demonstrates the arrival of Dubai as a luxury hub to rival long-established markets elsewhere, with no sign to suggest a slowdown in the seemingly relentless demand from global ultra-high-net-worth-individuals zeroing in on the emirate in search of second homes,” explained Faisal Durrani, Partner, the Head of Middle East Research at Knight Frank.

A study by Henley & Partners predicted that 2023 would see a massive influx of elites and millionaires settling down in the Emirates, with more and more countries now easing travel and quarantine restrictions. 

Case in point: The number of millionaires migrating to the UAE in 2022 was over 4000, which was more than the number of millionaires settling down in the UK, the USA, Australia, Switzerland, etc.

The result: 219 sales of homes worth over $10 million were recorded in 2022, compared to 93 in 2021—a jump of a staggering 135%.

High-net-worth individuals and the richest international buyers are vying for luxury properties in the three neighbourhoods of Dubai, despite the soaring prices. 

However, the demand for properties has slumped in other cities.

Despite a surge of 49.4% in property price in 2022, Palm Jumeirah remains Dubai’s star performer, making record-high sales of villas and luxury apartments.

Palm’s world-class amenities, private beach access, glittering waterfront views, and tranquil settings has made it top the ultra-high-net-worth customers’ list.

Luxury Interior Design in Dubai

With contemporary designs dominating the Dubai luxury market now, high-end interior design studios are introducing new design styles and ideas to transform exclusive spaces into exquisite residences.

Bringing out the best of both worlds—interior design and architecture—a class-leading interior design studio like Accouter aims to embody the true spirit of design excellence.

Wrapping up

Despite all the challenges posed by global inflation and the shortage of new supply compared to demand, Dubai’s luxury residential market remains affordable and buoyant, showing no signs of slowing down.

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Energy & Environment Government & Politics Technology U.S

US Energy Department to Invest as Much as $74M in Enhanced Geothermal Systems

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As part of its efforts to ensure carbon emission-free electricity generation, the U.S. Department of Energy (DOE) recently declared it would provide up to $74 million for up to seven EGS-based pilot projects.

The aim is to ramp up the development of the geothermal industry by continuously testing the scalability and efficacy of enhanced geothermal systems (EGS). 

DOE hopes these pilot projects will help trap the Earth’s nearly inexhaustible heat resources in different geologic settings.

A lion’s share of this $74 million investment will come from the President’s Bipartisan Infrastructure Law (BIL) that helps facilitate the use of breakthrough technologies and advanced techniques.

DOE’s Fourth Energy Earthshot

In a move to slash the cost of geothermal power by 90% to $45 per MWh by 2035, DOE launched the new Enhanced Geothermal Shot™. 

The Enhanced Geothermal Shot™ is part of DOE’s Energy EarthShots Initiative, which was launched in September 2022.

This $74M is the first funding opportunity announced as part of DOE’s effort to produce clean, safer energy since the launching of the Enhanced Geothermal Shot™ last year.

Enhanced Geothermal Systems

The EGS—human-made geothermal reservoirs—are built to inject high-flow water/fluid into naturally hot (~150°C) and impermeable deep rocks through an injection borehole and extract heat by forming or re-opening a subsurface fracture network. 

The high-temperature dry rock (HDR) area acts as a heat exchanger in an EGS reservoir. 

In an EGS system, the reservoir’s natural permeability is boosted by stimulating fracture formation and ensuring a constant water flow. 

The result: increased size and connectivity of water pathways that allow water to circulate through the fractures of the deep rocks

This constant flow of fluid, when in contact with the subsurface rock areas, gets heated up, backs to the surface through the production barehole, and finally is extracted for electricity generation.

The concept behind the EGS system is to enhance the economics of geothermal resources without adequate water and/or permeability.

EGS aims to tap a continuum of geothermal resources—ranging from dry rocks to traditional hydrothermal resources.

After deployment, EGS functions just as naturally occurring hydrothermal systems.

When it comes to ensuring the safe deployment of EGS reservoirs while also maximising its operational efficiency, leveraging a high-end geothermal monitoring tool is a sensible decision. 

A solution like the one offered by Silixa can effectively facilitate the long-term monitoring of geothermal reservoirs and help operators comply with regulations.

EGS’s Potential to Increase Electricity Production

Geothermal power plants currently generate 3.7 GW of electricity in the US, accounting for around 0.4% of the net.

However, with EGS deployed, geothermal energy which is inaccessible using conventional technologies, can be tapped to generate as much as 90 GW of electricity by 2050.

“Advances in enhanced geothermal systems will help introduce geothermal energy in regions where, until recently, the use of this renewable power source was thought to be impossible,” said United States Secretary of Energy, Jennifer M. Granholm, in a statement last Wednesday. “These pilot demonstrations will help us realise the enormous potential of the heat beneath our feet to deliver clean, renewable energy to millions of Americans.”

Marking geothermal as an enormous source of renewable energy, the secretary of energy anticipates that around 45% of U.S. houses can be powered by the Earth’s heat at some point.

Wrapping Up

DOE hopes these BIL-funded EGS pilot demonstration projects would act as a step-change in meeting the booming demand for electricity while also helping hit President Biden’s goals of attaining deep decarbonisation in electricity generation by 2035.

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Business Computers & Software Employment Technology U.S

High-Value Excel Skills Employers Frequently Look For

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Possessing work-level proficiency in Microsoft Excel is critical, with more than 82% of middle-skill jobs now being “digitally intensive.”

If you are presently flowing into the job marketplace, you will find most employers seek candidates with expertise in Microsoft Excel, and you should have the chops to stand out from the pack.

That said, honing your Excel skills is a no-brainer if you want to land a freakin’ job—faster. 

A recent article published in Fitwirr discusses the top Excel skills that can help you stay ahead of the competition, taking your career to new heights.

Basic Excel Skills

Getting the hang of high-level Excel skills is always a plus. 

But please understand that Excel is a data manipulative solution with a swarm of functionalities that you may require a lifetime (a long time, if not a lifetime) to master. However, grasping the basics can help you get a head start.

1. Cell Formatting

Excel deals with data, graphs, charts, and numbers. Because Excel applies the same formatting for all cells by default, it gets difficult to decipher the information conveyed by the displayed data. 

Don’t let massive troves of data inundate you. Master cell formatting skills and cut out repetitive tasks to better demonstrate your knack to your employer. 

Auto adjustment of cell size, conditional formatting, adding multiple rows and columns at a time, etc., are a few of the cell formatting capabilities in Excel that can help.

2. Basic Excel Functions

Getting the hang of basic Excel functions is the key to simplifying complex calculations, especially when you are sorting and analyzing a massive volume of data. 

For an entry-level job, ensure you have a great command of the basic Excel functions like IF, COUNTIF, SUM, SUMIFS, TRIM, etc.

3. Excel Shortcuts

To know how to use Excel keyboard shortcuts efficiently is a must-have skill if you don’t want to spend hours preparing a single report. Get your work done faster and amaze your employer with these super-handy shortcuts. 

Mid-Level to Advanced Excel Skills 

If you are applying for a position that may require you to deal with massive troves of complex datasets, make sure you know the inside out of advanced Excel functionalities. 

4. Data Validation

Data validation is an indispensable aspect of any data handling task—whether you’re accumulating information, interpreting data to facilitate decision-making, or presenting data to stakeholders. Unless you enter accurate and specific types of data into cells, your results will be erroneous. 

Thankfully, Excel can confine data entry to specific cells by applying data validation upon input. With data validation, Excel prompts you to enter only valid data when a cell is selected and shows an “error” when invalid data is entered. 

5. Charts and Graphs

One of the best ways to make datasets easily discernible is to turn them into interactive visuals. On top of that, getting the hang of Excel charts is a must if you are hired for a position that requires you to present data to stakeholders using PowerPoint presentations. 

Excel’s built-in charts and graphs are great at helping you recapitulate a large dataset in visual form; efficiently compare multiple data sets; better explain trends; estimate key values at a glance, and more. But the built-in charts in Excel come with limited functionalities that make it really difficult to build professional-looking presentations. 

On top of that, some charts are not natively available in Excel. For example, the Marimekko chart, frequently used by professionals to efficiently visualize categorical data over a pair of variables, is not supported even in the latest version of Excel. It means that you’d have to take the manual approach, which requires too many clicks and includes fewer formatting capabilities. 

If you need to make professional-looking PowerPoint presentations with stunning charts while significantly saving your working hours, using an add-in is a sensible decision. A high-end PowerPoint add-in like think-cell, for example, can seamlessly integrate your Excel charts into PowerPoint slides and help you add the “wow” factor to your presentations.

6. Data Protection

Because Excel files usually contain mission-critical business information, knowing how to keep them out of the reach of cybercriminals is critical. 

With that said, unprotected Excel files can be exploited by hackers looking to exfiltrate and expose sensitive data. With Excel, now, you have the power to limit access to your workbook. You can lock your Excel file with a password, grant reading-only access or even protect your workbook without a password so you don’t inadvertently delete any formulas.

Wrapping up

With the world quickly moving to data-driven business and processes, the demand for Excel experts is on the rise. Master the featured Excel skills above to impress your potential employer. 

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Business Finance Financial Market Technology U.S

NYSE Disaster Recovery Blunder Triggered Major Trading Glitch

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The NYSE (New York Stock Exchange) is beleaguered by criticism after an unexpected outage and IT error caused drastic price fluctuations in blue-chip stocks and billions worth of trades to be called off.

The NYSE blamed the ‘technical’ glitch on a manual error with its disaster recovery (DR) system, according to The Register. 

Let’s Flesh out the Reasons Behind the “Mayhem”

The exchange’s secondary Chicago data centre is supposed to protect US stock markets in the event of an outage or when a natural disaster strikes the venue.

As part of regular maintenance activities, the DR system should be tested daily and shut down manually after the closing bell.

However, on Monday, January 23rd, after the market was closed, an NYSE staffer failed to turn off the disaster recovery system correctly.

The result: the backup system, which is meant to be turned on in the event of a disaster incident only, was left operating overnight. 

It means that the exchange’s trading acted as if Tuesday’s trades were being carried on with the prices of Monday’s trade. 

The consequence: at 9:30 am on Tuesday, as trading started, the NYSE software malfunctioned, and skipped the day’s opening auctions which set prices incorrectly and unfortunately, led to a debacle.

The NYSE, in a statement, said, “The root cause was determined to be a manual error involving the exchange’s disaster recovery configuration at system start of day.“

What Was the Consequence?

The technical error triggered a string of events with catastrophic repercussions.

What NYSE addressed as a “system error” caused shares in over 250 firms to go haywire, with some firms encountering fluctuations in their stock prices by around 25%. 

As reported, a total of 84 stocks saw their valuations drastically plunge or surge until they had reached the limits set to thwart securities from trading at extreme prices.

According to a statement released on Wednesday morning, due to the system disruption, 81 stocks had short-sale restrictions (SSR) implemented “erroneously,” with Snap and Morgan Stanley being badly affected. 

While Morgan’s share price dropped by 13%, Walmart saw an increase of 12% in its share price due to the error.

Soon after NYSE halted the most egregious transactions, it stated: “Approximately 4,341 trades in 251 symbols should be busted (canceled).”

NYSE Fielding Claims

NYSE officials spent hours hunting down the reason behind the turmoil until it was confirmed that no such trading chaos would occur again.

“The issues around our market open on Tuesday are our collective responsibility, and we have moved swiftly and decisively to resolve them as a team,” explained a spokesperson from NYSE to Bloomberg. “A core value of ICE (Intercontinental Exchange, NYSE’s parent company) and the NYSE is our commitment to collaboration.”

NYSE is evaluating the financial losses stemming from this “wreck” and is fielding claims from the affected businesses as per exchange regulations.

Automated DR Systems Can Decrease System Failure Risks

Analysts unanimously agreed that automation could help avoid such system errors entirely.

“Automation eliminates human error,” according to Dennis Hahn, an analyst at Omdia. “If this [DR system] required to be manually shutdown, this is ridiculous and asking for trouble.”

In short, when it comes to disaster planning for data centres, one of the key elements is deploying an automated DR framework. 

Future-focused DR solutions like Protera enable customisable and automated backup scheduling. Plus, it frees users from manually configuring each device while also allowing them to back up their business-critical data in multiple locations. 

The result: significantly minimised human intervention, ensuring business continuity.

With customisable RPO and RTO objectives, users can set their systems for backup—every day, every hour, or even every few minutes—based on their backup policies.

Wrapping Up

Unfortunately, the NYSE backup blunder is not the only high-profile operation disruption occurring in January due to manual errors. The recent massive system crash in NYSE raises concern among US retail investors. The occurrence indicates that NYSE should “come up with something better” and implement automation and best practices for disaster recovery management. 

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Business Finance Financial Market Technology U.S

Fujitsu to Divest Entire $1.1B Air Conditioning Unit Stake; Bloomberg

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Fujitsu Ltd., a leading Japanese global information and communication technology company, is reportedly divesting its stake in Fujitsu General Ltd.—the unit that manufactures cooling systems.

The declaration came during its quarterly financial announcement in October 2022. The company revealed that it was planning the sale of its stake in non-core affiliates—Fujitsu General, Shinko Electric Industries Co., and FDK.

Fujitsu owned around 50% and 59% stake in Shinko Electric and FDK respectively—as of the end of September 2022.

Not a Partial Divestment

Fujitsu shared plans to sell its entire 42% stake in Fujitsu General Ltd. as the Japanese IT coalition looks to speed up a business overhaul.

Fujitsu General Ltd. shares are worth an estimated ¥140B ($1.1B).

“We have set certain criteria for the sale and aim to sell 100% of the 42% stake,” stated the CEO Takahito Tokita in a recent interview. “We won’t do it halfway.”

Fujitsu Receives Substantial Bids

In line with its divestiture strategy, the company kicked off the auction process after it had found several long-sought customers, such as Bosch. The initial bids for the procurement were submitted by January 20, as decided. 

Fujitsu General received around ten bids from high-profile strategic investors and private equity firms. However, the company has not yet narrowed down the list of bidders, said ION Analytics. 

Why Is Fujitsu Divesting its Air Conditioning Unit Stack?

The CEO marked the divestiture as a part of the company’s effort to ensure more streamlined operations, reported Bloomberg, a leading financial news website. 

Even though the CEO refused to comment on the negotiations, he said the company was “happy to have interested parties.”

Fujitsu is the sixth-largest technology services provider in the world (based on yearly revenue). In its heyday, this Japanese giant manufactured almost everything—from smartphones and laptops to integrated chips. 

In order to focus more on IT and communication systems, the IT firm is now divesting non-core affiliates and has already sold off much of its consumer product lineup.

For the fiscal year ending March 31st, 2023, the company predicts its operating profit to reach a staggering ~$3.11B (¥400B)—a jump of 83%. 

However, analysts unanimously agreed that the profit will be ~$280B (¥359B). Fujitsu General expects its net sales to rise 37.3% to a total of ~$297.2B (¥390B). It predicts an operating profit of ¥18B for the fiscal year through March this year—an upturn of 113.2% year-on-year. 

In the report, the CEO underscored the COVID-19 outbreak and geopolitical pressures regarding Taiwan as the biggest factors making Fujitsu extremely vulnerable.

According to the report, policymakers worldwide are vying to hold sway over the semiconductor technology used for military purposes. 

According to RF Globalnet, the USA is pressuring Japan to help clip China’s chip industry. In this circumstance, when Fujitsu is hugely dependent on Taiwan’s semiconductors, Tokito said the divestment would help the company prepare for any emergency.

Navigating Carve-out Challenges to Success

Divestiture is a cross-functional process that takes place on a legal, financial, organisational, and technical level. Even though equity carve-out is a standard strategy of business management among consolidated and dynamic enterprises, the permanent split-off of the IT poses challenges to participants. 

Leveraging a high-end IT carve-out consulting service, such as US-based Fission Consulting, can streamline the transaction process and significantly shorten the separation timeline with minimal business disruption.

Wrapping Up

Being at the forefront of hyperconnected business transformation, Fujitsu combines the power of IoT with AI, and network solutions. The aim is to help future-focused companies cope with technological shifts. Regardless of the reasons behind the divestiture, Fujitsu hopes the divestment would help the company optimise business operations while also maintaining the supply chain.