ALEXANDRIA, Va. (AP) — Google, already facing a possible breakup of the company over its ubiquitous search engine , is fighting to beat back another attack by the U.S. Department of Justice alleging monopolistic conduct, this time over technology that puts online advertising in front of consumers. The Justice Department and Google made closing arguments Monday in a trial alleging Google's advertising technology constitutes an illegal monopoly. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, will decide the case and is expected to issue a written ruling by the end of the year. If Brinkema finds Google has engaged in illegal, monopolistic conduct, she will then hold further hearings to explore what remedies should be imposed. The Justice Department, along with a coalition of states, has already said it believes Google should be forced to sell off parts of its ad tech business, which generates tens of billions of dollars annually for the Mountain View, California-based company. After roughly a month of trial testimony earlier this year, the arguments in the case remain the same. During three hours of arguments Monday, Brinkema, who sometimes tips her hand during legal arguments, did little to indicate how she might rule. She did, though, question the applicability of a key antitrust case Google cites in its defense. The Justice Department contends Google built and maintained a monopoly in “open-web display advertising,” essentially the rectangular ads that appear on the top and right-hand side of the page when one browses websites. Google dominates all facets of the market. A technology called DoubleClick is used pervasively by news sites and other online publishers, while Google Ads maintains a cache of advertisers large and small looking to place their ads on the right webpage in front of the right consumer. In between is another Google product, AdExchange, that conducts nearly instantaneous auctions matching advertisers to publishers. In court papers, Justice Department lawyers say Google “is more concerned with acquiring and preserving its trifecta of monopolies than serving its own publisher and advertiser customers or winning on the merits.” As a result, content providers and news organizations have never been able to generate the online revenue they should due to Google’s excessive fees for brokering transactions between advertisers and publishers, the government says. Google argues the government's case improperly focuses on a narrow niche of online advertising. If one looks more broadly at online advertising to include social media, streaming TV services, and app-based advertising, Google says it controls as little as 10% of the market, a share that is dwindling as it faces increased and evolving competition. Google alleges in court papers that the government’s lawsuit “boil(s) down to the persistent complaints of a handful of Google’s rivals and several mammoth publishers.” Google also says it has invested billions in technology that facilitates the efficient match of advertisers to interested consumers and it should not be forced to share its technology and success with competitors. “Requiring a company to do further engineering work to make its technology and customers accessible by all of its competitors on their preferred terms has never been compelled by U.S. antitrust law,” the company wrote. Brinkema, during Monday's arguments, also sought clarity on Google’s market share, a number the two sides dispute, depending on how broadly the market is defined. Historically, courts have been unwilling to declare an illegal monopoly in markets in which a company holds less than a 70% market share. Google says that when online display advertising is viewed as a whole, it holds only a 10% market share, and dwindling. The Justice Department contends, though, that when focusing on open-web display advertising, Google controls 91% of the market for publisher ad servers and 87% of the market for advertiser ad networks. Google says that the “open web display advertising” market is gerrymandered by the Justice Department to make Google look bad, and that nobody in the industry looks at that category of ads without considering the ability of advertisers to switch to other forms of advertising, like in mobile apps. The Justice Department also contends that the public is harmed by the excessive rates Google charges to facilitate ad purchases, saying the company takes 36 cents on the dollar when it facilitates the transaction end to end. Google says its “take rate” has dropped to 31% and continues to decrease, and it says that rate is lower than that of its competitors. “When you have an integrated system, one of the benefits is lower prices," Google lawyer Karen Dunn said Monday. The Virginia case is separate from an ongoing lawsuit brought against Google in the District of Columbia over its namesake search engine. In that case, the judge determined it constitutes an illegal monopoly but has not decided what remedy to impose. The Justice Department said last week it will seek to force Google to sell its Chrome web browser , among a host of other penalties. Google has said the department's request is overkill and unhinged from legitimate regulation. In Monday's arguments, Justice Department lawyer Aaron Teitelbaum cited the search engine case when he highlighted an email from a Google executive, David Rosenblatt, who said in a 2009 email that Google’s goal was to “do to display what Google did to search," which Teitelbaum said showed the company's intent to achieve market dominance. “Google did not achieve its trifecta of monopolies by accident,” Teitelbaum said.
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Published 00:01 IST, November 24th 2024 The higher reaches of Kullu and Lahaul-Spiti districts in Himachal Pradesh experienced intermittent snowfall, ending an eight-week dry spell on Saturday. Shimla: On Saturday, the higher reaches of Kullu and Lahaul-Spiti districts in Himachal Pradesh experienced intermittent snowfall, ending an eight-week dry spell and worsening the cold wave in nearby areas. Snowfall in Solang, Mari, Gulaba, and Rohtang in Kullu districts, as well as in Koksar and Sissu in Lahaul-Spiti, brought relief to farmers, horticulturists, and hoteliers, as the dry spell had harmed winter crops and impacted the tourism industry. The Lahaul and Spiti police shared videos of fresh snowfall at Atal Tunnel and other areas, advising commuters to avoid non-essential travel and remain cautious while driving in the snow. They have also advised commuters to stock their vehicles with necessary items like woollen clothes, food, water and first aid kits and keep emergency numbers with them. After snowfall in higher hills, Manali recorded a maximum temperature at 13.4 degree Celsius, a drop of 2.5 degrees in the past 24 hours. Tabo in tribal Lahaul and Spiti was coldest at night, recording a minimum temperature at minus 8.3 degree Celsius. The post monsoon rain deficit from October 1 to November 23 stayed at 98 per cent as the region received 0.7 mm average rains compared to normal rainfall of 38.4 mm. Bilaspur, Chamba, Hamirpur, Kullu, Sirmaur and Solan districts received 100 per cent deficit rains while the shortfall was 99 per cent in Lahaul and Spiti, Kinnaur and Shimla districts and 96 and 90 percent in Kangra and Mandi districts. The local MeT station has predicted dry weather in lower, mid and higher hills from November 24 to 29 and occurrence of thick fog in the reservoir area of Bhakra in Bilaspur and Balh valley in Mandi during morning hours on November 26 and 27. Get Current Updates on India News , Entertainment News along with Latest News and Top Headlines from India and around the world. 00:01 IST, November 24th 2024None
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NAARDEN, The Netherlands and MIAMI, Dec. 10, 2024 (GLOBE NEWSWIRE) -- NewAmsterdam Pharma Company N.V. NAMS "NewAmsterdam" or the "Company")), a late-stage, clinical biopharmaceutical company developing oral, non-statin medicines for patients at risk of cardiovascular disease ("CVD") with elevated low-density lipoprotein cholesterol ("LDL-C"), for whom existing therapies are not sufficiently effective or well-tolerated, today announced the commencement of an underwritten public offering of $300.0 million of the Company's ordinary shares, nominal value €0.12 per share (the "Ordinary Shares"), and, to certain investors that so choose in lieu of Ordinary Shares, pre-funded warrants to purchase Ordinary Shares ("Pre-Funded Warrants," and such offering, the "Offering"). All Ordinary Shares and Pre-Funded Warrants to be sold in the proposed Offering will be sold by the Company. In addition, the Company expects to grant the underwriters a 30-day option to purchase up to an additional $45.0 million of Ordinary Shares, less underwriting discounts and commissions. The proposed Offering is subject to market and other conditions and there can be no assurance as to whether or when the proposed Offering may be completed, or as to the actual size or terms of the proposed Offering. Jefferies, Goldman Sachs & Co., Leerink Partners, TD Cowen, Guggenheim Securities and William Blair are acting as joint book-running managers for the proposed Offering. The proposed Offering will be made pursuant to a registration statement on Form S-3, including a base prospectus, that was initially declared effective by the U.S. Securities and Exchange Commission (the "SEC") on July 12, 2024. The proposed Offering will be made only by means of a prospectus supplement and an accompanying prospectus, which will be filed with the SEC and will be available on the SEC's website located at www.sec.gov . A copy of the preliminary prospectus supplement and the accompanying prospectus, when available, may also be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, or by telephone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com ; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by email at Prospectus-ny@ny.email.gs.com; Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40 th Floor, Boston, MA 02109, or by telephone at (800) 808-7525, ext. 6105, or by email at syndicate@leerink.com ; TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, or by telephone at (855) 495-9846, or by email at TD.ECM_Prospectus@tdsecurities.com ; Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, New York, NY 10017, or by telephone at (212) 518-9544, or by email at GSEquityProspectusDelivery@guggenheimpartners.com ; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, or by telephone at (800) 621-0687, or by email at prospectus@williamblair.com . This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About NewAmsterdam NewAmsterdam Pharma NAMS is a late-stage biopharmaceutical company whose mission is to improve patient care in populations with metabolic diseases where currently approved therapies have not been adequate or well-tolerated. We seek to fill a significant unmet need for a safe, well-tolerated and convenient LDL-lowering therapy. In multiple phase 3 studies, NewAmsterdam is investigating obicetrapib, an oral, low-dose and once-daily CETP inhibitor, alone or as a fixed-dose combination with ezetimibe, as LDL-C lowering therapies to be used as an adjunct to statin therapy for patients at risk of CVD with elevated LDL-C, for whom existing therapies are not sufficiently effective or well-tolerated. Forward-Looking Statements Certain statements included in this document that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the consummation of the proposed Offering as well as the timing and size of the proposed Offering and the grant to the underwriters of the option to purchase additional Ordinary Shares. These statements are based on various assumptions, whether or not identified in this document, and on the current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the approval of the Company's product candidate and the timing of expected regulatory and business milestones, including potential commercialization; ability to negotiate definitive contractual arrangements with potential customers; the impact of competitive product candidates; ability to obtain sufficient supply of materials; global economic and political conditions, including the Russia-Ukraine and Israel-Hamas conflicts; the effects of competition on the Company's future business; and those factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as supplemented by other documents filed by the Company with the SEC. Additional risks related to the Company's business include, but are not limited to: uncertainty regarding outcomes of the Company's ongoing clinical trials, particularly as they relate to regulatory review and potential approval for its product candidate; risks associated with the Company's efforts to commercialize a product candidate; the Company's ability to negotiate and enter into definitive agreements on favorable terms, if at all; the impact of competing product candidates on the Company's business; intellectual property related claims; the Company's ability to attract and retain qualified personnel; and the Company's ability to continue to source the raw materials for its product candidate. If any of these risks materialize or the Company's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company's expectations, plans, or forecasts of future events and views as of the date of this document and are qualified in their entirety by reference to the cautionary statements herein. The Company anticipates that subsequent events and developments may cause the Company's assessments to change. These forward-looking statements should not be relied upon as representing the Company's assessment as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither the Company nor any of its affiliates undertakes any obligation to update these forward-looking statements, except as may be required by law. Company Contact Matthew Philippe P: 1-917-882-7512 matthew.philippe@newamsterdampharma.com Media Contact Spectrum Science on behalf of NewAmsterdam Pharma Jaryd Leady P:1-856-803-7855 jleady@spectrumscience.com Investor Contact Precision AQ on behalf of NewAmsterdam Austin Murtagh P: 1-212-698-8696 austin.murtagh@precisionaq.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Greg Schiano spoke to the media after the game about losing to Illinois. Opening Statement “Obviously a really tough, tough loss. I feel awful for our seniors. Senior Day, we have a group of young men down there that gave so much. Believed in us when there was no reason to believe in us. But this was our last game at SHI Stadium, and I really, really wanted to send them out as a winner at home in their last game. But they are winners. The things they have done here, the things they have learned here, they are going to be big-time winners in life, and I guess I just wish that we could have done a little bit more. Illinois, hats off to them. They made one more play than we did, and as I said to the team, in the Big Ten Conference, it's really good football that's played, and they coached a little better and they played a little better; literally a little better, and they won the game. That's what we have to deal with. It's not easy, but you know that when you get into it.”
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NACOGDOCHES, Texas (AP) — Kobe Stewart scored 17 points as Presbyterian beat Monmouth 71-61 on Saturday. Stewart had five rebounds and six assists for the Blue Hose (5-3). Kory Mincy added 16 points while shooting 4 for 11 (3 for 8 from 3-point range) and 5 of 6 from the free-throw line while they also had five rebounds. Jamahri Harvey shot 5 for 14, including 3 for 9 from beyond the arc to finish with 13 points. The Hawks (0-8) were led in scoring by Jack Collins, who finished with 25 points, seven rebounds and two steals. Monmouth also got 12 points and two steals from Justin Ray. Madison Durr had seven points. The loss is the eighth straight for the Hawks. Presbyterian took the lead with 4:56 left in the first half and never looked back. Stewart led his team in scoring with 13 points in the first half to help put them ahead 45-32 at the break. Presbyterian used an 8-0 run in the second half to build a 17-point lead at 61-44 with 8:51 left in the half before finishing off the win. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .live Updated 2m ago How to watch Mavericks vs. Thunder in NBA Cup quarterfinals The quarterfinals of the 2024 NBA Cup continue Tuesday with a matchup between the Dallas Mavericks and Oklahoma City Thunder at the Paycom Center in Oklahoma City. The Thunder earned the No. 1 seed by going 3-1 in group play and winning Group B after the Phoenix Suns , who the Thunder had defeated, took down the San Antonio Spurs on the final day of group stage action last week. The Spurs had handed the Thunder their only loss of group play. The Mavericks clinched their spot in the quarterfinals in much more dramatic fashion, staging a furious late rally against the Memphis Grizzlies in their group play finale to vault past the Suns and secure the lone wild-card spot in the West quarterfinals. The winner advances to the semifinal round in Las Vegas and will face the winner of tomorrow's game between the Golden State Warriors and Houston Rockets . Game time: 9:30 p.m. ET Channel: TNT Spread: Thunder -4.5 Rest of NBA Cup schedule Getty Images This Mavericks-Thunder game is the first of four quarterfinal matchups played at the higher seed's home courts, following the Magic-Bucks game earlier tonight. The action then shifts to Las Vegas for the semifinals and championship game. Here's how the rest of the schedule shakes out (all times ET): NBA Cup remaining quarterfinal schedule Dec. 10, 9:30 p.m.: Mavericks at Thunder (TNT) Dec. 11, 7 p.m.: Hawks at Knicks (ESPN) Dec. 11, 9:30 p.m.: Warriors at Rockets (TNT) NBA Cup semifinal schedule Dec. 14, 4:30 p.m.: QF Winner vs. QF Winner (TNT) Dec. 14, 8:30 p.m.: QF Winner vs. QF Winner (ABC) NBA Cup Championship Game Dec. 17, 8:30 p.m.: East Winner vs. West Winner (ABC) Advertisement Join the conversation! We’d love to hear from you throughout tonight's coverage! If you already subscribe to The Athletic, you can get involved by leaving a comment in the 'Discuss' tab that you can see at the top of your app or webpage. We’ll be pulling out some of our favorite comments throughout the day. If you’re not a subscriber yet, you can still get involved. Simply send an email to livebloguk@theathletic.com for a chance for your voice to be heard. Who is favored to win the 2024 NBA Cup? As we roll into the knockout round of the NBA Cup, here's where oddsmakers at BetMGM have each remaining team: Knicks: +300 Thunder: +310 Bucks: +450 Rockets: +600 Mavericks: +700 Warriors: +700 Hawks: +2000 Magic: +2500 And here are the Cup MVP odds: Shai Gilgeous-Alexander: +300 Jalen Brunson: +550 Luka Dončić: +600 Stephen Curry: +600 Giannis Antetokounmpo: +700 Karl-Anthony Towns: +800 Alperen Şengün: +1200 Damian Lillard: +1400 Jalen Williams: +3000 Jalen Suggs: +3000 Jalen Green: +3500 Trae Young: +3500 Fred VanVleet: +4000 Kyrie Irving: +5000 How Thunder reached NBA Cup quarterfinals Getty Images Oklahoma City earned its No. 1 seed in the NBA Cup's West bracket by dispatching the Phoenix Suns, Los Angeles Lakers and Utah Jazz all by double digits. That built up a comfortable enough point differential cushion to overcome a six-point loss to the Spurs, giving the Thunder a net point differential of +45. Shai Gilgeous-Alexander is leading the way as he so often does for this Thunder team by averaging 30.5 points, 5.3 rebounds and 7.0 assists over his four NBA Cup games thus far. Thunder NBA Cup results Nov. 15: W vs. Suns (99-83) Nov. 19: L at Spurs (110-104) Nov. 29: W at Lakers (101-93) Dec. 3: W vs. Jazz (133-106) How Mavericks reached NBA Cup quarterfinals Getty Images Down 15 points in the fourth quarter against the Memphis Grizzlies in their final game of group play, the Mavericks needed some late heroics to punch their ticket to the quarterfinals and got just that. Dallas stormed back from a 15-point fourth-quarter deficit thanks to clutch late 3-pointers from Spencer Dinwiddie and P.J. Washington, securing the Mavs' spot in the quarterfinals thanks to point differential advantages over the Phoenix Suns and Portland Trail Blazers. Mavericks NBA Cup results Nov. 12: L at Warriors (120-117) Nov. 19: W vs. Pelicans (132-91) Nov. 22: W at Nuggets (123-120) Dec. 3: W vs. Grizzlies (121-116) What is the prize for winning the NBA Cup? Getty Images As well as the trophy itself, there is a monetary reward. The NBA estimated the prize pool for players would be as follows: Championship-winning team: $514,971 for each player. Losing Championship team: $205,988 for each player. Losing semi-finalists: $102,994 for each player. Losing quarter-finalists: $51,497 for each player. Such figures might not register with the NBA’s highest earners — Stephen Curry made a league-high $51.9 million last season — but it could boost the fortunes of rookies signed to minimum contracts ($1,157,153) and those on two-way contracts ($578,577), whose salaries would almost be doubled with the prize. Advertisement What is the NBA Cup? Getty Images The NBA Cup is an annual in-season competition the league created last year (when it was simply known as the In-Season Tournament) to gin up interest in the beginning of the NBA calendar. Four of the early games on each team's regular-season schedule were marked as NBA Cup contests, meaning they count towards teams' regular-season records and their status in the Cup. The 30 teams are divided into six groups of five, with three groups for each conference). The winners of the six groups, along with the best second-place team in Cup games in each conference, advance to a single-elimination eight-team tournament. The winners of the four quarterfinal contests then travel to Las Vegas to contest the semifinals and final, with the winner earning the NBA Cup and a prize of just over half a million dollars per player. All games except for the final also count toward each team's regular-season record. Each team enters the season with only 80 of their 82 regular-season games accounted for. The 22 teams that fail to advance will be reassigned their two remaining regular-season games during the week of the knockout round, while the quarterfinal losers in each conference will face each other to fill out their schedules. Here's a more detailed explanation of the format. GO FURTHER What to know about NBA Cup 2024: Format, start dates, favorites and more
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Premier Reconditioning On Removing Moss From Rooftops 12-10-2024 10:40 PM CET | Politics, Law & Society Press release from: ABNewswire Suwanee, GA - It can be troubling when moss appears on a roof because in most cases, it will not go down without a fight. The reason that moss is so difficult to get rid of is because of its ability to multiply and spread rapidly. Even when moss appears to be gone, it can leave behind a collection of spores that will quickly sprout and start the cycle of moss propagation anew. Premier Reconditioning, [ https://www.premierrecon.com/ ] a local business that specializes in exterior cleaning, has taken on many roof cleaning projects; because of this, its team knows how to remove this moss effectively and is ready to share its knowledge. The Cause of Moss and Organic Debris on Roofs Moss may seem to appear from nothingness, but this is not exactly the case. Moss spores are actually transported by the wind, and as they travel from place to place, they end up settling on different exterior surfaces. If conditions are right, moss can sprout from these spores, effortlessly creating a problem on a roof that will need to be solved sooner rather than later. What happens when moss is left on a roof for too long? Immediately, it will be given the chance to reproduce and spread. As moss matures, it releases spores, and those spores will not have to travel far to find additional places to grow on the roof. As moss takes over a roof, it can cause shingles to curl or lift like old pieces of paper. Additionally, moss will absorb rainwater and subject the roof to extensive moisture damage. This can ultimately result in a leak, transforming an exterior problem into an interior problem as well. Removing Moss to Preserve Roof Durability It is clear that leaving moss on a roof is a poor idea, and because of this, it is encouraged to remove this moss as soon as possible. The technique used by Premier Reconditioning not only gets rid of existing moss but prevents its regrowth in the immediate future as well. The process begins by treating the roof with a chemical known as zinc sulfate powder. This substance halts the organic processes of the moss and kills it from the roofs up. This will also render any spores null and prevent them from sprouting. After killing moss, Premier Reconditioning recommends a thorough soft washing of the entire roof surface. Soft washing is much like pressure washing. [ https://www.premierrecon.com/pressure-washing-company-in-suwanee-ga/ ] The main difference is that soft washing uses significantly less water pressure. This is important because sensitive roof structures cannot withstand full-force pressure washing. Soft washing allows for the complete removal of moss without causing any roof damage in the process. Premier Reconditioning Provides Roof Cleaning Services to Remove Moss The process of cleaning a roof can be very unwelcoming to beginners. Because of this, Premier Reconditioning provides roof cleaning [ https://www.premierrecon.com/roof-cleaning-company-in-suwanee-ga/ ] services to residential and commercial clients in Suwanee, GA and other nearby locations. This allows property owners to focus on other things while the company kills moss and soft washes their roofs on their behalf. Premier Reconditioning is happy to wash many kinds of roofs, including those made of metal, clay, asphalt, concrete, and other materials, too. About Premier Reconditioning Premier Reconditioning is a locally owned business that is proud to serve the Suwanee, GA [ https://maps.app.goo.gl/hwbrEDUUndqRb5Z58 ] community. Not only does the company provide roof cleaning services, but it also offers a diverse selection of additional services, including house washing, concrete cleaning, and fence cleaning. Whatever the project entails, Premier Reconditioning is committed to completing the work in a timely manner, as well as for a reasonable price. For more information about Premier Reconditioning, visit their website [ https://www.premierrecon.com/ ] or call (404) 348-2861. Media Contact Company Name: Premier Reconditioning Contact Person: Nick Baker Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=premier-reconditioning-on-removing-moss-from-rooftops ] City: Suwanee State: Georgia Country: United States Website: https://www.premierrecon.com/ This release was published on openPR.
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