Stock Markets
Massive Los Angeles fires rage on even as Hollywood blaze retreats
By Rollo Ross and Jackie Luna
LOS ANGELES (Reuters) -A pair of massive wildfires menacing Los Angeles from the east and west were still burning uncontained on Thursday, two days after they ignited, but firefighters managed to beat back another fire scorching the Hollywood Hills.
The Palisades fire between Santa Monica and Malibu on the city’s western flank and the Eaton (NYSE:) fire in the east near Pasadena are already the most destructive in Los Angeles history, burning nearly 28,000 acres so far – an area exceeding the size of Disney (NYSE:) World – and turning entire neighborhoods to ash.
At least five people have been killed, thousands of structures have been incinerated and nearly 180,000 people have been ordered to evacuate their homes, officials said. The death toll is likely to rise, Los Angeles Sheriff Robert Luna told a press conference on Thursday morning.
The Eaton fire’s growth has been significantly stopped, Los Angeles County Fire Chief Anthony Marrone said, though it remains 0% contained. While still fierce, winds have slowed slightly since the 100-mile-per-hour gusts seen earlier in the week, permitting crucial aerial support for crews on the ground.
“We have a much better posture than we did on Tuesday and Wednesday,” said Marrone.
But officials warned that wind gusts of up to 60 miles per hour were forecast to persist throughout the day, and Kristin Crowley, Los Angeles City Fire Department Chief, said residents should be prepared to evacuate if ordered.
“It is safe to say that the Palisades fire is one of the most destructive natural disasters in the history of Los Angeles,” Crowley said.
Firefighters, assisted by helicopters dropping retardants and water, managed to make gains overnight in battling the Sunset Fire, which had forced mandatory evacuations in Hollywood and Hollywood Hills – including famous show-business locations such as the TCL Chinese Theatre and the Hollywood Walk of Fame – late on Wednesday.
The fire was in retreat, shrinking to about 43 acres, and firefighters were making forward progress, Crowley said. No buildings were lost in the area, a city fire department spokeswoman said, and the evacuation order was lifted.
It was one of at least five separate wildfires burning in Los Angeles County on Thursday morning as powerful winds spread flames across parched ground that has seen no rain for months. Los Angeles Mayor Karen Bass described it as a “perfect storm” of dangerous conditions.
The two biggest conflagrations – the Palisades and Eaton fires – formed a pincer around the city so enormous that it was visible from space.
The homes of movie stars and celebrities were among those consumed by flames, which tore through some of the world’s most lavish real estate.
“We are heartbroken of course, but with the love of children and friends we will get through this,” said film star Billy Crystal and his wife Janice, announcing the Pacific Palisades home where they had lived since 1979 had been destroyed.
Media personality Paris Hilton said she was “heartbroken beyond words” after watching her beachfront house in Malibu “burn to the ground on live TV.”
The National Weather Service extended Red Flag warnings – issued when the risk for fire is high due to low humidity, high winds and warm temperatures – for Los Angeles and Ventura counties through 6 p.m. Friday.
Water shortages caused some hydrants to run dry in upscale Pacific Palisades, wedged between Malibu and Santa Monica, officials said on Wednesday.
U.S. President Joe Biden was briefed Thursday morning on the impact of the ongoing wildfires and will meet with top administration officials in the afternoon to discuss the federal response, the White House told reporters.
‘SOMETHING OUT OF A MOVIE’
Some residents ventured back to areas the fire had already swept through, where brick chimneys were left looming over charred waste and burnt-out vehicles. The remnants of a tattered and scorched American flag flapped from a pole.
“I had just come from my family home where my mother lives that was burned to a crisp … And then I came up to my home and – same thing. It’s completely dust,” said Oliver Allnatt, 36, wearing ski goggles and a filtered face mask as he took pictures of the ruins. “Basically just a chimney stack and a pile of ash. I mean, it’s something out of a movie.”
Thousands of Angelenos fleeing the flames sought refuge in temporary shelters. Foad Farid found refuge in the gym of the Westwood Recreation Center with nothing but his car and his phone. Neighbors dropped off blankets, clothing, water, pizza and pet food.
Jeff Harris arrived towing his Feisty Fish Poke food truck and began serving meals. “I’m just here to help,” he said.
Kevin Williams, at an evacuation center in Pasadena, said he knew it was time to run when gas canisters at his neighbors’ homes began exploding under the heat.
“The wind whipped up, the flames were up about 30 or 40 feet high, and you hear ‘pop, pop, pop.’ It sounded like a war zone.”
Aerial video by KTLA television showed block after block of smoldering homes in Pacific Palisades, the smoky grid occasionally punctuated by the orange blaze of another home still on fire.
The scale and spread of the blazes stretched exhausted firefighting crews beyond their capacity.
Firefighters from six other U.S. states were being rushed to California, while an additional 250 engine companies with 1,000 personnel were being moved from Northern California to Southern California, Los Angeles County Fire Chief Anthony Marrone told a press conference.
The fires struck at an especially vulnerable time for Southern California, which has not seen significant rainfall for months. Then came the powerful Santa Ana winds, bringing dry desert air from the east toward the coastal mountains, fanning wildfires while blowing over the hilltops and down through the canyons.
By Steve Holland and Tim Reid
WASHINGTON (Reuters) – President-elect Donald Trump will take a victory lap on Sunday with a campaign-style rally in Washington, D.C., a day before he is sworn in for a second term four years after losing the White House to Joe Biden.
Trump’s “Make America Great Again Victory Rally” – scheduled for 3 p.m. ET (1900 GMT) at the Capital One (NYSE:) Arena – marks his first major speech in Washington since he urged his supporters to march on the Capitol on Jan. 6, 2021, in protest against his defeat.
Thousands of people breached the building in an unsuccessful effort to prevent Congress from certifying the results. Trump has vowed to pardon many of the more than 1,500 people charged in connection with the attack.
His rally remarks, along with his inaugural address on Monday, could offer a preview of the tone he plans to adopt in the early days of his second term in office. In recent weeks, Trump has disconcerted foreign allies by musing aloud about taking over Greenland and the Panama Canal and turning Canada into a U.S. state.
The rally is likely to resemble the free-wheeling arena speeches that have been a Trump staple since his first White House campaign in 2016.
The world’s richest man, Elon Musk, who has become a close Trump confidant since spending more than $250 million to boost his campaign, is scheduled to speak at the event, along with Vice President-elect JD Vance, Ultimate Fighting Championship CEO Dana White, conservative activist Charlie Kirk and conservative commentator Megyn Kelly.
TikTok CEO Shou Zi Chew also plans to attend the rally, amid uncertainty over whether Trump will take steps to rescue the app from a U.S. ban set to take effect on Sunday. Chew is expected to join other tech executives at Trump’s inauguration on Monday.
Singer and rapper Kid Rock, disco group The Village People, singer Billy Ray Cyrus and singer Lee Greenwood are all scheduled to perform at the rally.
President Joe Biden will meanwhile make his last official trip as president on Sunday to Charleston, South Carolina, to mark Martin Luther King Jr. Day, which is on Monday, the White House said. He will attend services and speak about King’s legacy at Royal Missionary Baptist Church.
Earlier on Sunday, Trump will participate in a wreath-laying ceremony at the Tomb of the Unknown Soldier in Arlington National Cemetery. In the evening, he will address well-heeled supporters at a dinner in Washington.
The inauguration is scheduled for noon ET (1600 GMT) on Monday, when Trump will take the presidential oath of office inside the rotunda of the Capitol building, after the cold weather prompted organizers to move the ceremony indoors. Approximately 25,000 law enforcement personnel will be on hand to provide security.
Stock Markets
CELH DEADLINE NOTICE: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Celsius Holdings, Inc. Investors to Secure Counsel Before Important January 21 Deadline in Securities Class Action – CELH
New York, New York–(Newsfile Corp. – January 19, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock and sellers of puts of Celsius Holdings , Inc. (NASDAQ: NASDAQ:) between February 29, 2024 and September 4, 2024, both dates inclusive (the “Class Period”), of the important January 21, 2025 lead plaintiff deadline.
SO WHAT: If you purchased Celsius common stock or sold Celsius puts during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action (WA:) Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to PepsiCo (NASDAQ:), Inc. (“Pepsi”) far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius’ sales would materially decline in future periods, hurting Celsius’ financial performance and outlook; (3) Celsius’ sales rate to Pepsi was unsustainable and created a misleading impression of Celsius’ financial performance and outlook; (4) as a result, Celsius’ business metrics and financial prospects were not as strong as indicated in defendants’ Class Period statements; and (5) consequently, defendants’ statements regarding Celsius’ outlook and expected financial performance were false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook (NASDAQ:): https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
——————————-
Contact Information:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237600
Stock Markets
XRAY DEADLINE NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages Dentsply Sirona Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important January 27 Deadline in Securities Class
New York, New York–(Newsfile Corp. – January 19, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Dentsply Sirona Inc. (NASDAQ: XRAY) between May 6, 2021 and November 6, 2024, both dates inclusive (the “Class Period”), of the important January 27, 2025 lead plaintiff deadline.
SO WHAT: If you purchased Dentsply Sirona common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Dentsply Sirona class action, go to https://rosenlegal.com/submit-form/?case_id=31762 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 27, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action (WA:) Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose material facts necessary to make the statements made, in light of the circumstances in which they were made, not false and misleading. In truth, Byte aligners had been causing serious injuries to patients since at least May 2021, as revealed in backlogged injury reports that Dentsply Sirona filed with the U.S. Food and Drug Administration (“FDA”) over the course of 2024. At least part of the problem was that customer service employees and overseeing dentists were incentivized to enroll contraindicated patients who had other dental issues which should have made them ineligible for Byte treatment. As a result, defendants’ positive statements concerning Byte’s customer experience, and the expansive network of dentists overseeing and controlling each customer’s treatment, were materially misleading and/or lacked a reasonable basis. In addition, Dentsply Sirona concealed the fact that its high conversion rates were due to sales incentives to enroll contraindicated patients. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Dentsply Sirona class action, go to https://rosenlegal.com/submit-form/?case_id=31762 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook (NASDAQ:): https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
——————————-
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237618
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