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☆ Panama Canal Drought Slows Cargo Traffic
▼ + stars: | 2024-01-26 | by ( Mira Rojanasakul | ) www.nytimes.com time to read: +8 min

PANAMA CANAL Colón Atlantic Ocean Lake Alajuela Gatún Lake Panama City PANAMA Ship traffic Pacific Ocean PANAMA CANAL Colón Lake Alajuela Atlantic Ocean Gatún Lake Panama City PANAMA Pacific Ocean Ship traffic PANAMA CANAL Colón Lake Alajuela Atlantic Ocean Gatún Lake Panama City PANAMA Pacific Ocean Ship traffic PANAMA CANAL Atlantic Ocean Colón Lake Alajuela Gatún Lake Panama City PANAMA Ship traffic Pacific Ocean PANAMA CANAL Atlantic Ocean Colón Lake Alajuela Gatún Lake Panama City PANAMA Pacific Ocean Ship traffic PANAMA CANAL Atlantic Ocean Colón Lake Alajuela Gatún Lake Panama City PANAMA Pacific Ocean Ship traffic Source: MariTrace Ship movements from Jan. 19 to Jan. 21, 2024. Panama Canal Drought Slows Cargo TrafficThe lake that allows the Panama Canal to function recorded the lowest water level ever for the start of a dry season this year, which means that vastly fewer ships can pass through the canal. The Panama Canal Authority has reduced daily traffic through the narrow corridor by nearly 40 percent compared with last year. “The fact that the Panama Canal operates on freshwater is a major disadvantage compared to other water routes,” said Ricaurte Vásquez Morales, the administrator of the Panama Canal Authority, in a video address last month. But it may not be enough to meet the pressing demand for cargo traffic through the Panama Canal.

Persons: El, Jan, ”, Ricaurte Vásquez Morales, Gatún, Joshua Tewksbury, Gloria Arrocha Paz, Arrocha Paz Organizations: PANAMA Ship, Panama Canal Authority, Maersk, Panama Canal, Smithsonian Tropical Research Institute, Demand, Times, Smithsonian Tropical Research Locations: PANAMA, Lake Panama, Panama City PANAMA, Lake Panama City PANAMA, Panama, East Coast, United States, Northeast Asia, South America, Tewksbury, Indio, Gatún, Panama City, Panama Canal Authority, What’s

☆ Former Harvard morgue manager is accused of stealing, selling and shipping human body parts, indictment says
▼ + stars: | 2023-06-14 | by ( Laura Ly | ) edition.cnn.com time to read: +5 min

CNN —A former morgue manager at Harvard Medical School is facing federal charges for allegedly stealing, selling and shipping human body parts, according to an indictment. “The theft and trafficking of human remains strikes at the very essence of what makes us human. Cedric Lodge was fired by Harvard Medical School on May 6, according to a letter from the university. Human remains are voluntarily donated to Harvard’s medical school for educational purposes. Maclean allegedly paid Cedric Lodge $600 for two dissected faces in October 2020, the indictment said.

Persons: CNN —, Cedric Lodge, “, Lodge, Denise, Katrina Maclean, Joshua Taylor, Maclean, Taylor, Christopher Opiel, Pennsylvania Gerard M, Karam, ”, Cedric, Denise Lodge, ” Both Maclean, ’, ” “, altruistically, George Daley, Edward Hundert Organizations: CNN, Harvard Medical, Court, Middle, Middle District of, Harvard Medical School, University, Harvard, US Postal, Lodges, US Locations: Boston, Massachusetts, New Hampshire, Middle District, Middle District of Pennsylvania, Peabody , Massachusetts, Pennsylvania, Arkansas, Tewksbury , Massachusetts

☆ Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse
▼ + stars: | 2023-02-13 | by ( John Rosevear | ) www.cnbc.com time to read: +4 min

Lidar makers Ouster and Velodyne said on Monday that they have successfully completed a "merger of equals," creating a lidar powerhouse. The combined company will have more than 850 current customers, a deep portfolio of patents and about $315 million in cash on hand, based on year-end figures. Those developments helped set the stage for consolidation in the lidar space, Ouster CEO Angus Pacala said when the deal was first announced. Pacala, who will lead the combined company, told CNBC in an interview on Monday that the merger is "a major step toward profitability for Ouster." Velodyne's CEO, Ted Tewksbury, will chair the combined company's board of directors, and its chief financial officer, Mark Weinswig, will retain that role with Ouster, while Ouster co-founder Mark Frichtl will serve as the combined company's chief technology officer.

Participants who were offered cash incentives for either pounds lost or for completing certain activities were more likely to lose weight compared with those who were simply offered tools, such as diet books, fitness trackers and access to a weight loss program, the study found. On average, participants in the goal-directed group earned $440.44, as compared to $303.56 in the outcome-based group. “Even if less weight is lost, adopting lifelong physical activity or better eating habits may be more important,” she said. Kushner, who was not involved with the new study, agreed that low-income people face extra challenges when it comes to weight loss. What’s not clear, however, is how the strategy of offering cash for weight loss could be implemented in a real-world setting, outside of academia.

☆ Lidar firms Ouster, Velodyne to merge in all-stock deal
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Lidar makers Ouster Inc (OUST.N) and Velodyne Lidar Inc (VLDR.O) said on Monday they would merge in an all-stock deal, forming a company with a combined market capitalization of about $400 million. Velodyne stockholders will receive 0.8204 shares of Ouster for each share held, representing a 7.8% premium to Velodyne's closing price on Friday. The combination will allow Ouster and Velodyne to consolidate their market position and product portfolios through cost-savings in engineering, manufacturing and administration. Velodyne shares were up 5.6% while Ouster rose about 1% in premarket trading. Existing Velodyne and Ouster shareholders will own about 50% each of the combined company.

☆ Lidar makers Ouster and Velodyne agree to merge
▼ + stars: | 2022-11-07 | by ( John Rosevear | ) www.cnbc.com time to read: +4 min

Lidar makers Ouster and Velodyne have agreed to merge, combining roughly $400 million in market value. Lidar sensors are considered important components of nearly all autonomous-vehicle systems currently under development, and are finding increasing applications with advanced driver-assist systems as well as other areas of robotics. "We all knew that there is a need for consolidation in the market," Pacala told CNBC. Between them, Ouster and Velodyne had a combined $355 million in cash as of September 30, Pacala said. But as newer rivals with solid-state lidar sensors — including Ouster, founded in 2015 — entered the automotive space, the early leader fell behind.

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