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  • Using captives to unlock value in affinity insurance programs

    Using captives to unlock value in affinity insurance programs

    In today’s competitive business landscape, affinity insurance programs that overlook captive solutions risk falling behind.

    Our new report, Using captives to unlock value in affinity insurance programs, in partnership with the Open & Embedded Insurance Observatory, reveals how forward-thinking organizations harness captives to enhance risk management, reduce costs, and boost customer loyalty. Learn how a captive interacts with the insurance market to align with your business goals and deliver long-term stability for your affinity insurance program.

    Our report will help you:

    • Understand how captive insurance functions are structured.
    • Identify the key benefits of transferring the risk from an affinity insurance program to a captive.
    • Navigate the process of establishing an affinity insurance program in a captive solution.

    Don’t let traditional insurance models hold your organization back. Discover proven strategies to manage risk transfer while you unlock value, improve operational efficiency, and build a resilient, customer-centric insurance approach.

    Act now to stay ahead of industry shifts and position your organization for sustainable success.

    Download the full report today and start transforming your affinity insurance programs with captive solutions.

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  • Wakefield mining museum workers reject latest pay offer

    Wakefield mining museum workers reject latest pay offer

    Nicola Rees/BBC Striking workers at the museum stand in a line outside the site, holding up placards saying "official picket" and holding banners with the Unison logoNicola Rees/BBC

    Members of Unison at the National Coal Mining Museum have been out on strike since August

    Workers at the National Coal Mining Museum for England have rejected the latest pay offer in their ongoing dispute over wages, a union has said.

    At least 40 members of Unison at the site in Wakefield have been on continuous strike since mid-August calling for higher pay.

    Unison said members had rejected a new pay offer which a spokesperson said would have left many staff worse off than a previous proposal which was thrown out.

    A spokesperson for the National Coal Mining Museum for England said it was “disappointed” the pay offer has been rejected.

    Unison said representatives had met the museum’s chief executive Lynn Dunning and local Labour MP Jade Botterill last week with the aim of finding a resolution.

    During the meeting, museum managers had suggested a £1 an hour rise for fitters and electricians and a 5% pay rise for other staff, a union spokesperson said.

    For many workers that would work out lower than the 80p an hour increase previously suggested by museum management, the union said.

    Meanwhile, according to Unison, the chief executive “continued to refuse to disclose” financial documents which could help to work out an “affordable and acceptable” offer.

    National Coal Mining Museum A general view of buildings at the National Coal Mining Museum in Wakefield. The building in the foreground has beige coloured bricks with a green door. Several red brick buildings stand in the background, with green doors and railings, with the Museum's red pit wheel at the top of the tallest building.National Coal Mining Museum

    Museum bosses said the site faced the same “increasing financial pressures” as other similar charities

    Christina McAnea, Unison general secretary, said: “This dispute has already gone on for far too long.

    “Museum bosses have spent more on continuing the strike than it would have cost them to give staff a reasonable pay rise.

    “Senior managers should stop playing games, do the right thing and come up with a fair deal.”

    Rianne Hooley, Unison Yorkshire and Humberside regional organiser, said: “If managers genuinely want to resolve this dispute, they should be transparent with Unison over what is and isn’t affordable.

    “Otherwise, it looks like they have something to hide.”

    Unison said its initial pay claim was for a £2.50 rise, meanwhile, in June, it had suggested a 5% pay rise, or £1 per hour – whichever was greater – for all staff.

    That was in response to an offer from the museum of a £1 per hour increase for mine guides and 5% for everyone else, which Unison said would have given a bigger pay rise to male mine guides than the women employed elsewhere in the museum. 

    Museum managers were going to put their pay offer to the board of trustees but then withdrew it, the union said.

    LDRS Mining equipment - including the pit head wheel - at the National Coal Mining Museum in Wakefield with picnic benches to the sides and grass in front.LDRS

    Visitors to the museum can learn about the UK’s mining history

    In a statement, a museum spokesperson said: “We are disappointed our recent pay offer has been rejected. This included a £1 per hour increase for museum guides with specialist skills, such as electricians and fitters, and a 5% uplift for the wider team.

    “After much discussion with Unison, this offer brought the museum’s pay structure in line with, and in some instances over, similar organisations’ structures.”

    The museum remained “committed to recognising expertise and rewarding the valuable contributions of all team members”, the statement said.

    “The board continues to make decisions guided by principles of fairness and affordability,” it added.

    “We have reviewed arrangements at similar organisations to use as a comparator and will consider this model going forward as we implement our Succession Plan.”

    A museum spokesperson said that like many charities it was facing “increasing financial pressures” and any offer “must protect the museum’s future”.

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  • ‘The Diplomat’ boss previews Season 4, talks nuclear cliffhanger

    ‘The Diplomat’ boss previews Season 4, talks nuclear cliffhanger

    Spoiler alert! The following contains spoilers for the Season 3 finale of “The Diplomat.”

    World domination? Hal Wyler would like that, please.

    That’s what Kate (Keri Russell) learns about her husband (Rufus Sewell) in the Season 3 finale of “The…

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  • Does fluralaner (Exzolt® 5%) affect the enzootic stability of tick fever in beef calves subjected to strategic tick control in a tropical region? | Parasites & Vectors

    Does fluralaner (Exzolt® 5%) affect the enzootic stability of tick fever in beef calves subjected to strategic tick control in a tropical region? | Parasites & Vectors

    Experimental location

    This experiment was carried out from October 2023 to May 2024 in a commercial cattle farm located in the municipality of Rio Verde, Goiás, Brazil. This is a tropical region where there are two well-defined seasons per year:…

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  • Advanced Technology Converts Donor Kidneys to Universal Blood Type O

    Advanced Technology Converts Donor Kidneys to Universal Blood Type O

    For thousands of patients waiting for a kidney transplant, a new medical breakthrough could mean more matches, shorter waitlist times, and more lives saved.

    In a landmark study published in Nature Biomedical Engineering, researchers in China…

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  • Just a moment…

    Just a moment…

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  • Gaucho restaurant chain to slash share of service charge for waiting staff | Hospitality industry

    Gaucho restaurant chain to slash share of service charge for waiting staff | Hospitality industry

    Argentinian steak restaurant Gaucho is slashing the share of the service charge its waiters receive, using some of the funds to bump up the pay package of head office workers.

    A letter to workers seen by the Guardian says that from 1 October existing waiters would receive between 25.45% and 29.4% of the service charge collected at tables they have served, depending on length of service, down from 37% previously – already a reduction from 45% early last year. Bar staff will get 17% of the service charge, down from 20%.

    Newly employed waiters at the company will receive just 17%, according to a letter from Gaucho’s troncmaster – a specialist hired to manage the distribution of the service charge. Staff said they feared all waiters’ shares of the service charge would drop to that level in the new year, placing all workers on a similar level.

    Gaucho’s troncmaster, a company called WMT Troncmaster, wrote in a letter to workers that the service charge would now be shared with “staff located at non-public places of business such as head office and central production units. This may also include staff working at Gaucho restaurants who are provided by an agency but who are not directly employed.”

    “The Troncmaster strongly believes that service charges are paid by customers in respect of their whole experience, and that all team members who play a part and impact on that experience should participate in, and receive a share of, the tronc funds.”

    A spokesperson for Gaucho said: “The new tronc distribution has been set by the independent troncmaster following industry benchmarking across our Gaucho employees. The new distribution takes into consideration all our front- and back-of-house colleagues. It is an equitable solution for all of our excellent people. The employee costs borne by the Gaucho business remain as before and the business itself does not benefit in any way from the amended tronc system.”

    Gaucho says its new system is fully compliant with the law.

    Gaucho is part of Rare Restaurants, which is owned by the Investec bank and investment firm SC Lowy, and which also owned the now closed M chain. Gaucho is held under the group’s Gioma UK arm, which slid £15.6m into the red last year as sales slipped 1% to £68.5m. At the end of last year Gioma had more than 1,000 staff, all but 64 of which worked in the restaurants, according to the accounts filed at Companies House.

    Gaucho, which charges £65.60 for a steak marinated in chipotle chilli paste or £26.95 for a Sunday roast and at least £10 for a glass of wine, automatically adds a service charge of between 12.5% and 13% to customers’ bills, although they can opt not to pay it.

    “The perception of people paying £100 in service charge will be ‘this guy is doing good’,” one waiter said. “But I could be getting [only a small part] of it.”

    Under a law implemented last October, employers in Britain must share out 100% of service charges collected in a venue to workers there. It must be done in a “fair and transparent manner” and employees have the right to know “how tips are allocated and distributed”.

    The law was introduced amid concerns the service charge was being used to make up a significant part of workers’ total pay package in retail groups to reduce national insurance liability. Service charge distributions do not always attract the employment tax when allocated through a tronc scheme, unlike ordinary pay.

    Bryan Simpson, the national lead on hospitality for the Unite union, which is pressing the government to toughen up the tipping legislation, questioned whether Gaucho’s policy met the current rules.

    He said: “One of the most egregious elements of this terrible policy is that tips and service charge can be used to pay ‘non-public places of business such as head office and central production units’. This is not fair or transparent according to the [government backed] code of practice, or indeed these workers, our members.

    “The result for low-paid workers in the most expensive city in the world? That waiters may only receive as little as 28% of the tips that they received on their tables … with more than 70% going elsewhere.”

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    Staff said they had not been consulted about the changes to the service charge distribution and had not received clear answers to questions about what would happen to what would happen to the cash they were no longer receiving.

    One waiter said the cut came after the introduction of cheaper menus, which had already resulted in lower service charge payments, and a cut to benefits such as free and discounted meals and drinks. “Financially this is putting the nail in the coffin,” they said.

    The worker said they would lose about £400 in service charge a month, reducing their monthly net pay to about £1,600 for 20 hours a week. All waiting staff earn the legal minimum wage, so rely on the service charge as a major part of their pay.

    “I am quite worried. Potentially this means finding another job,” they said.

    Another, who said they would lose out on between £300 and £600 a month, said: “We haven’t been consulted about these changes. The worst part is they said it’s to make it more fair for all departments, but what they are really doing is using this extra service to top up salaries through all company salary positions.”

    Another said: “I already find it hard to pay everything when I get £2,000 (working full-time) so I am actively looking for another job. I don’t know how I am going to do it [in October].”

    The cuts come only months after Rare Restaurants hired Baton Berisha, the former boss of the Ivy chain, which is facing legal action from a former waiter over the allocation of the service charge.

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  • PGA TOUR announces additions to senior leadership team

    PGA TOUR announces additions to senior leadership team

    Weitz, who joined the TOUR in August 2024, will continue to report to Rolapp and take on leadership of all content creation and production, as well as analytics, research and technology to further increase focus on fan engagement and brand…

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  • Starting 5, Oct. 17: Preseason Wraps Tonight

    Starting 5, Oct. 17: Preseason Wraps Tonight

    The preseason may not conclude until later tonight, but this throwdown unleashed by Houston’s JD Davison – and the reaction from the Rockets’ bench – is regular season-ready.

    JD Davison


    5 STORIES IN TODAY’S EDITION 🏀

    Oct. 17, 2025

    NBA TV…

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  • AbbVie Completes Acquisition of Gilgamesh Pharmaceuticals’ Bretisilocin

    AbbVie Completes Acquisition of Gilgamesh Pharmaceuticals’ Bretisilocin

    • Acquisition expands AbbVie’s psychiatry pipeline with the addition of a next-generation psychedelic compound currently in Phase 2 development for the treatment of major depressive disorder (MDD).

    NORTH CHICAGO, Ill., Oct. 17, 2025 /PRNewswire/ AbbVie (NYSE: ABBV) announced today that it has completed its acquisition of Gilgamesh Pharmaceuticals’ lead investigational candidate, bretisilocin.

    Bretisilocin is a novel, short-acting serotonin 5-HT2A receptor agonist and 5-HT releaser currently in Phase 2 clinical development for the treatment of patients with moderate-to-severe major depressive disorder (MDD). This next-generation 5-HT2A receptor agonist is designed to help address current development challenges observed with classic psychedelic compounds.

    “Recent clinical results have demonstrated the potential of bretisilocin to treat patients living with MDD,” said Daniel Mikol, M.D., Ph.D., vice president, neuroscience development, AbbVie. “With the acquisition now complete, we look forward to accelerating the development of this next-generation compound, reinforcing AbbVie’s commitment to delivering innovative, science-driven treatment options for people living with serious mental health conditions.”

    For additional background on the acquisition, please read the press release announcing the definitive agreement under which AbbVie will acquire bretisilocin here.

    About AbbVie

    AbbVie’s mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas including immunology, oncology, neuroscience and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X (formerly Twitter) and YouTube.

    Forward-Looking Statements 

    Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “project” and similar expressions and uses of future or conditional verbs, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Such risks and uncertainties include, but are not limited to, challenges to intellectual property, competition from other products, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry, the impact of global macroeconomic factors, such as economic downturns or uncertainty, international conflict, trade disputes and tariffs, and other uncertainties and risks associated with global business operations. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie’s operations is set forth in Item 1A, “Risk Factors,” of AbbVie’s 2024 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its Quarterly Reports on Form 10-Q and in other documents that AbbVie subsequently files with the Securities and Exchange Commission that update, supplement or supersede such information. AbbVie undertakes no obligation, and specifically declines, to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

    Media:

    Liz Tang, Ph.D.

    liz.tang@abbvie.com

    Investors:

    Liz Shea

    liz.shea@abbvie.com

     

     

    SOURCE AbbVie


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