Juvenile colts Naval Power and Highbank laid down significant early markers for next year’s Classics with impressive victories in the UK on Saturday.
Naval Power completed a hat-trick with a dominant display in the Listed Pat Eddery Stakes at Ascot, a race that has helped launch the careers of subsequent G1 winners Raven’s Pass and Naval Crown.
A crack at G1 company is also on the cards for Naval Power and the Vertem Futurity at Doncaster looks a likely end of season target for the unbeaten Teofilo homebred.
Highbank made an exciting introduction at Newmarket as the son of Kingman powered through the field to score by nearly four lengths. This year’s Poule d’Essai des Poulains winner Modern Games captured the same race 12 months ago and Highbank looks set to have his sights raised to Group company, with the G3 Solario Stakes at Sandown Park a potential next step.
Fellow two-year-old Yakushima also made a winning debut on the same day in Japan. A great-grandson of Teofilo through his sire Havana Grey, the GB-bred colt looks to have a bright future following a cosy length success in a newcomers’ race at Kokura.
In North America, Nostalgic acquitted herself well as she finished third behind this season’s top three-year-old fillies, Nest and Secret Oath, in Saratoga’s G1 Coaching Club American Oaks.
Mysterious Night will be hoping to continue the good run of juveniles this week when he looks to emulate Pinatubo with victory in the G2 Vintage Stakes at Glorious Goodwood.
Modern Games will take the place of Coroebus in the meeting’s feature G1 Sussex Stakes, with the latter set to tackle the Prix Jacques le Marois at Deauville next month following treatment for an abscess.
New London gets the chance to advance his St Leger claims in Thursday’s G3 Gordon Stakes, while established performers Lazuli, Passion And Glory and Rebel’s Romance also hold Goodwood entries.
UAE NATIONAL WINS HIS DREAM CAR, A MERCEDES BENZ AMG GT 43
Mr. Rehoboth Daniel, an Indian national living in Dubai, joined the list of Dubai Duty Free dollar millionaires, as his ticket number 1002 in Millennium Millionaire Series 394 was drawn today in the in Terminal 3, Concourse A of Dubai International Airport.
Mr. Daniel, a 63-year-old owner of a bookshop business in Dubai, is a regular participant in the Millennium Millionaire promotion for 20 years now.
“Thank you Dubai Duty Free for this wonderful opportunity. Your promotion has been helping a lot of people, so I pray that it will continue for a long time.” he said.
Another lucky ticket holder to receive the news of his life today is Mr. Mohammed Karaman who also won US$1 Million in Millennium Millionaire Series 395 when his ticket no. 4789 was drawn.
Mr. Karaman, a 40-year-old Syrian national based in Riyadh, Saudi Arabia received the surprise phone call from Dubai Duty Free informing him of his new-found wealth. Commenting on the exciting news, he said: “It is indeed a pleasant surprise and my family and I would like to sincerely thank Dubai Duty Free for such a great promotion! I am happy to have finally won and will definitely continue to participate in the Millennium Millionaire! I can’t wait to meet the team who made this day happen!”
Mr. Karaman is the 8th Syrian national to win the Dubai Duty Free Millennium Millionaire promotion since its inception in 1989.
Following the Millennium Millionaire draw, Dubai Duty Free announced 3 winners in the Finest Surprise Promotion each one taking home a luxury vehicle.
The Dubai Duty Free officials conducted the Dubai Duty Free Finest Surprise draw for one car and two motorbikes.
Mr. Rashed Al Shemeili, a UAE national won his dream car, a Mercedes Benz AMG GT 43 (Graphite Grey Metallic) in the Finest Surprise Luxury Car draw in Series 1810 with ticket no. 0465, which he purchased online on 25 June 2022. A 40-year-old electronic engineer living in Abu Dhabi, Mr. Al Shemeili has been a regular participant in the Dubai Duty Free Millennium Millionaire and Finest Surprise promotions and now looking forward to meeting the Dubai Duty Free team and express his gratitude.
Today was also a special day for Mr. Sanjeev Sharma, a 41-year-old Indian national living in Dubai whose ticket no. 0668 in Finest Surprise Series 505 won him a sporty BMW F 850 GS motorbike.
Lastly, Mr. Arjun Singh, a 35-year-old Indian national based in Dubai won a Harley-Davidson Sportster S in Finest Surprise Series 506 with ticket no. 0809.
Today’s draws were conducted by Dubai Duty Free’s Executive Vice Chairman & CEO, Colm McLoughlin, Salah Tahlak, Joint COO, Sinead El Sibai, SVP – Marketing and Michael Schmidt, SVP – Retail.
Nokia Corporation Financial Report for Q2 and Half Year 2022
Good profitability supports full year outlook
Q2 net sales increased 3% y-o-y in constant currency (+11% reported).
Network Infrastructure net sales grew 12% in constant currency, with growth across all four businesses while Mobile Networks returned to growth despite ongoing supply chain constraints.
Cloud and Network Services net sales were flat in constant currency while Nokia Technologies declined 25% as it continued to be impacted by expired licenses that are in the process of being renewed.
Comparable gross margin of 40.6% and operating margin of 12.2%. Underlying profitability improved but was offset by Nokia Technologies and a one-off software deal in Mobile Networks in the prior year meaning margins declined y-o-y.
Reported gross margin declined 80bps y-o-y to 40.2% and operating margin expanded 50bps y-o-y to 9.6% as the above factors impacting comparable margins were offset primarily by lower restructuring charges.
Comparable diluted EPS of EUR 0.10; reported diluted EPS of EUR 0.08.
Free cash flow negative EUR 0.1bn, net cash balance of EUR 4.5bn.
Solid first half performance with 2% constant currency net sales growth and comparable operating margin of 11.6% (reported 8.2%), down slightly as timing effects in Nokia Technologies offset underlying profitability improvements.
Full year 2022 net sales outlook is unchanged in constant currency. Full year net sales outlook applying 30 June 2022 exchange rates is EUR 23.5bn to EUR 24.7bn. Comparable operating margin guidance remains 11% to 13.5%.
This is a summary of the Nokia Corporation Financial Report for Q2 and Half Year 2022 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group’s financial information as well as on Nokia’s outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials. A video interview summarizing the key points of our Q2 results will also be published on the website. Investors should not solely rely on summaries of Nokia’s financial reports and should also review the complete report with tables.
PEKKA LUNDMARK, PRESIDENT AND CEO, ON Q2 2022 RESULTS
I am pleased to say we continued to execute well in the second quarter. We improved net sales growth to 3% in constant currency despite ongoing supply chain constraints. We delivered another quarter of robust profitability with a 12.2% comparable operating margin, slightly down year-on-year due to timing effects of contract renewals in Nokia Technologies and a one-off software deal last year. Excluding these factors, we can see continued strong improvement in the underlying profitability of the business.
Network Infrastructure maintained its strong growth momentum with net sales up 12% in constant currency more than offsetting the decline in Nokia Technologies. I was pleased to see Mobile Networks returned to growth with a 1% increase in constant currency despite supply chain constraints, while Cloud and Network Services was stable year-on-year.
Momentum continues to build in Enterprise with growing order intake and returned to growth with an 8% increase in net sales in constant currency which are important for our long-term aspirations in the space. Since the start of this year we have been making further investments into private wireless both in R&D and go-to-market to capitalise on our early market leadership. We expect these investments will deliver strong financial returns for us in the mid-term as indicated by double-digit net sales growth in private wireless in the quarter.
While we recognize the increased global macroeconomic uncertainty and currency fluctuations impacting some emerging markets, I am confident we have the right strategy in place to navigate these challenges along with support from structural technology adoption trends in 5G and fiber. However, we will not become complacent; we remain focused on building technology leadership and improving cost-efficiency to deliver on our strategic goals for the years ahead.
We have had a strong first half and with our renewed competitiveness, we are well placed to deliver our full year 2022 guidance. There remain risks around timing of Nokia Technologies’ contract renewals, potential COVID-19 lockdowns and the supply chain which remains challenging but is showing signs of improvement. We are currently tracking towards the higher-end of our net sales guidance and towards the mid-point of our operating margin guidance as we manage ongoing inflation and currency headwinds.
FINANCIAL RESULTS
EUR million (except for EPS in EUR)
Q2’22
Q2’21
YoY change
Constant currency YoY change
Q1–Q2’22
Q1–Q2’21
YoY change
Constant currency YoY change
Reported results
Net sales
5 873
5 313
11%
3%
11 220
10 389
8%
2%
Gross margin %
40.2%
41.0%
(80)bps
40.4%
39.5%
90bps
Research and development expenses
(1 091)
(1 063)
3%
(2 163)
(2 060)
5%
Selling, general and administrative expenses
(728)
(712)
2%
(1 403)
(1 360)
3%
Operating profit
564
484
17%
918
916
0%
Operating margin %
9.6%
9.1%
50bps
8.2%
8.8%
(60)bps
Profit for the period
460
351
31%
679
614
11%
EPS, diluted
0.08
0.06
33%
0.12
0.11
9%
Net cash and interest-bearing financial investments
4 546
3 688
23%
4 546
3 688
23%
Comparable results
Net sales
5 873
5 313
11%
3%
11 220
10 389
8%
2%
Gross margin %
40.6%
42.3%
(170)bps
40.7%
40.3%
40bps
Research and development expenses
(1 069)
(1 011)
6%
(2 122)
(1 985)
7%
Selling, general and administrative expenses
(623)
(585)
6%
(1 204)
(1 137)
6%
Operating profit
714
682
5%
1 296
1 234
5%
Operating margin %
12.2%
12.8%
(60)bps
11.6%
11.9%
(30)bps
Profit for the period
585
539
9%
1 001
914
10%
EPS, diluted
0.10
0.09
11%
0.17
0.16
6%
ROIC1
18.5%
18.4%
10bps
18.5%
18.4%
10bps
1 Comparable ROIC = Comparable operating profit after tax, last four quarters / invested capital, average of last five quarters’ ending balances. Refer to the Performance measures section in Nokia Corporation Financial Report for Q2 and Half Year 2022 for details.
Business group results
Mobile Networks
Network Infrastructure
Cloud and Network Services
Nokia Technologies
Group Common and Other
EUR million
Q2’22
Q2’21
Q2’22
Q2’21
Q2’22
Q2’21
Q2’22
Q2’21
Q2’22
Q2’21
Net Sales
2 593
2 380
2 153
1 778
753
703
305
401
77
62
YoY change
9%
21%
7%
(24)%
24%
Constant currency YoY change
1%
12%
0%
(25)%
16%
Gross margin %
40.2%
40.9%
35.4%
35.3%
37.2%
35.7%
99.7%
99.8%
(5.2)%
(4.8)%
Operating profit/(loss)
291
249
247
162
(5)
10
217
332
(36)
(70)
Operating margin %
11.2%
10.5%
11.5%
9.1%
(0.7)%
1.4%
71.1%
82.8%
(46.8)%
(112.9)%
OUTLOOK
Full year 2022
Net sales1
EUR 23.5 billion to EUR 24.7 billion (constant currency unchanged, adjusted for currency)1
Comparable operating margin2
11 to 13.5%
Free cash flow2
25-55% conversion from comparable operating profit
1 Assuming the rate 1 EUR = 1.04 USD as of 30 June 2022 continues for the remainder of 2022 along with year-to-date actual foreign exchange rates (adjusted from prior 1 EUR = 1.11 USD rate as of 31 Mar 2022). Assuming the year-end 2021 exchange rate, the net sales outlook would continue to be EUR 22.6bn to EUR 23.8bn. 2 Please refer to Performance measures section in Nokia Corporation Financial Report for Q2 and Half Year 2022 for a full explanation of how these terms are defined.
The outlook, the long-term targets (3-5 years) and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described in the Risk Factors section later in this release.
Nokia’s outlook assumptions expect the following size and growth in our estimated total addressable markets (Mobile Networks excluding China and Network Infrastructure excluding Submarine Networks) and assuming year-to-date actual EUR/USD rate and 1.04 for the remainder of the year (updated):
2022 total addressable market (€bn)
Constant currency growth
Mobile Networks
51
+5%
Network Infrastructure
47
+5%
Cloud and Network Services
27
+3%
Nokia total addressable market
125
+4%
Nokia’s outlook assumptions for the operating margin of each business group in 2022 are provided below:
Full year 2022
Mobile Networks
6.5 to 9.5%
Network Infrastructure
9.5 to 12.5%
Cloud and Network Services
4.0 to 7.0%
Nokia Technologies
>75%
We expect Nokia Technologies to deliver a largely stable operating profit performance in 2022 and over the longer-term;
We expect the net negative impact of Group Common and Other to be EUR 250 million in 2022 and over the longer-term;
In full year 2022, Nokia expects the free cash flow performance of Nokia Technologies to be approximately EUR 450 million lower than its operating profit, primarily due to prepayments we received from certain licensees in previous years;
Comparable financial income and expenses are expected to be an expense of approximately EUR 150-200 million in full year 2022 and EUR 100-150 million over the longer-term (update);
Comparable income tax expenses are expected to be approximately EUR 450 million in full year 2022 and over the longer-term;
Cash outflows related to income taxes are expected to be approximately EUR 400 million in full year 2022 and over the longer-term; and
Capital expenditures are expected to be approximately EUR 650 million in full year 2022 and around EUR 600 million over the longer-term.
Rule of thumb related to currency fluctuations: Assuming our current mix of net sales and total costs (refer to Note 1, Basis of Preparation in the Financial statement information section included in Nokia Corporation Financial Report for Q2 and Half Year 2022 for details), we expect that a 10% strengthening in the USD vs. the EUR would have an impact of approximately positive 5% on net sales, a positive impact on operating profit and a slight positive impact to our operating margin, before hedging. In the current financial year, due to the impact of hedging, we expect an approximately neutral impact on operating profit and a slightly negative impact to operating margin (update).
Nokia’s long-term targets as published with our fourth quarter 2021 results remain unchanged.
SHAREHOLDER DISTRIBUTION
Dividend
Under the authorization by the Annual General Meeting held on 5 April 2022, the Board of Directors may resolve an aggregate maximum distribution of EUR 0.08 per share. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period, in connection with the quarterly results, unless the Board decides otherwise for a justified reason.
Under the authorization, a EUR 0.02 dividend was paid in Q2 2022 totaling EUR 113 million.
On 21 July 2022, the Board resolved to distribute a dividend of EUR 0.02 per share. The dividend record date is on 26 July 2022 and the dividend will be paid on 4 August 2022. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.
Following this announced distribution of the second installment and the executed payment of the first installment in Q2 2022, the Board’s remaining distribution authorization is a maximum of EUR 0.04 per share.
The payment of the second installment of the distribution is expected to total approximately EUR 112 million in Q3 2022.
Share buyback program
In 2020 and 2021, Nokia generated strong cash flow which significantly improved the cash position of the company. To manage the company’s capital structure, the Board of Directors initiated a share buyback program under the authorization from the AGM to repurchase shares. Purchases began in February 2022. By the end of June 2022, Nokia has repurchased 30 335 608 shares for a total purchase price of approximately EUR 144 million, with weighted average purchase price of EUR 4.73 per share. The program targets to return up to EUR 600 million of cash to shareholders in tranches over a period of two years.
RISK FACTORS
Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to:
Competitive intensity, which is expected to continue at a high level;
Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments;
Our ability to procure certain standard components and the costs thereof, such as semiconductors;
Disturbance in the global supply chain;
Accelerating inflation, increased global macro-uncertainty and major currency fluctuations;
Scope and duration of the COVID-19 pandemic, and its economic impact;
War or other geopolitical conflicts, disruptions and potential costs thereof;
Other macroeconomic, industry and competitive developments;
Timing and value of new and existing patent licensing agreements with smartphone vendors, automotive companies, consumer electronics companies and other licensees;
Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; and the regulatory landscape for patent licensing;
Timing of completions and acceptances of certain projects;
Our product and regional mix;
Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to regional profit mix, net sales subject to withholding taxes, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reform in the U.S. and OECD initiatives;
Our ability to utilize our US and Finnish deferred tax assets and their recognition on our balance sheet;
Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions; as well the risk factors specified under Forward-looking statements of this release, and our 2021 annual report on Form 20-F published on 3 March 2022 under Operating and financial review and prospects-Risk factors.
FORWARD-LOOKING STATEMENTS
Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, product launches, growth management, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of COVID-19 on our businesses, our supply chain and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash generation, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions and competitiveness; D) ability to execute, expectations, plans or benefits related to changes in organizational structure and operating model; and E) any statements preceded by or including “continue”, “believe”, “commit”, “estimate”, “expect”, “aim”, “influence”, “will” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.
ANALYST WEBCAST
Nokia’s webcast will begin on 21 July 2022 at 11.30 a.m. Finnish time (EEST). A link to the webcast will be available at www.nokia.com/financials. Media representatives can follow the presentation via the link, or alternatively call +1-412-717-9224.
FINANCIAL CALENDAR 2022
Nokia plans to publish its third quarter and January-September 2022 results on 20 October 2022.
About Nokia
At Nokia, we create technology that helps the world act together.
As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.
Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.
Inquiries:
Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com Maria Vaismaa, Global Head of Public Relations
16 hotels across multiple brands are recognized on the coveted “World’s Best” list
MCLEAN, Va. –Travel + Leisure announced the results of its 2022 World’s Best Awards, with Hilton (NYSE: HLT) brands Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts and Curio Collection by Hilton all prominently featured on the coveted list. Twelve of Hilton’s (NYSE: HLT) luxury hotels achieved prestigious rankings, including Waldorf Astoria Maldives Ithaafushi as No. 1 Best Resort Hotel in Asia, and Waldorf Astoria Los Cabos Pedregal as No. 1 Best Resort Hotel in Mexico. In addition to these top-ranking regional awards, Waldorf Astoria Maldives Ithaafushi was also named No. 3 Best Hotel in the World and graces the cover of the August print issue, while Waldorf Astoria Los Cabos Pedregal was named No. 31 in the same highest tier category. Further, four properties across Hilton’s full service and lifestyle brands were recognized in their respective regional categories in Tokyo, Miami and Houston.
Waldorf Astoria Los Cabos Pedregal – Adults Pool
Each year, Travel + Leisure recognizes the top hotels, islands, cities, cruise lines, airlines, spas and more around the globe, based on the results of the Travel + Leisure World’s Best Awards 2022 readers’ survey. Readers rated hotels on the following characteristics: rooms/facilities, location, service, food and value. The Travel + Leisure World’s Best Awards 2022 is an essential, trusted source for inspiration and guidance as travelers once again make plans to set out on trips around the globe.
“With nearly 20 amazing properties across our portfolio recognized in 15 award categories, it is an honor for Hilton’s industry-leading brands to be again represented in the World’s Best Awards,” said Matt Schuyler, chief brand officer, Hilton. “These awards affirm our promise to deliver Hilton’s signature world-class hospitality and exceptional guest experiences through our distinctive brands and one-of-kind hotels and resorts around the globe.”
The following Hilton properties were acknowledged as World’s Best:
C. Baldwin, Curio Collection by Hilton – No. 2 Best Hotel in Houston
The 2022 World’s Best Awards list, as well as survey methodology, are currently featured on travelandleisure.com/worlds-best/worlds-best-2022 and will appear in the August 2022 print issue of the magazine.
Air Canada and United Airlines today announced a joint business agreement for the Canada-U.S. transborder market, building on their long-standing alliance, that will give more flight options and better flight schedules to customers traveling between the two countries. Customers will be able to connect to 38 codeshare destinations in the U.S. and eight of the most popular cities in Canada — all while enjoying the benefits of the carriers’ MileagePlus® and Aeroplan loyalty programs. The agreement will also strengthen and grow both carriers’ networks and help accelerate their COVID-19 recovery.
“United is a world-class airline and we are pleased to significantly expand our well-established partnership to further enhance the customer journey between Canada and the U.S. by offering more choice, greater convenience and an improved airport experience,” said Mark Galardo, Senior Vice President of Network Planning and Revenue Management at Air Canada. “This agreement marks a new phase in our evolving relationship that will speed the recovery from the pandemic and strengthen both carriers. It will also enable us to optimize our hubs and schedules and to broaden our global network connectivity to maintain our leadership in the market.”
“With this new agreement, we are further strengthening our long-standing partnership with Air Canada,” said Patrick Quayle, Senior Vice President of Global Network Planning and Alliances at United. “As international travel continues to recover, this expanded partnership will provide an enhanced experience for all transborder travel.”
Customers who search for flights between the U.S. and Canada on United’s or Air Canada’s websites and apps will find more flight options scheduled at more convenient times. Codeshare between the two carriers will also be expanded and members of both the MileagePlus and Aeroplan programs will have more accrual and redemption options.
In 2019, the U.S.-Canada transborder market was the second largest international passenger air transportation market in the world and the largest international market for both Canada and the U.S., as measured by seats.
Air Canada and United already cooperate in the transborder market, according to the terms of their existing U.S. antitrust immunity. Under the joint business agreement, subject to compliance with U.S. and Canadian regulatory and antitrust requirements, the two airlines will now be able to:
Coordinate their networks and schedules, enabling the carriers to offer customers more choice, including more flights throughout the day and more access to each airline’s seat inventory.
Enhance codeshare on transborder flights, excluding certain U.S. leisure markets and territories. The carriers anticipate customers will be able to connect to 46 transborder codeshare destinations with more than 400 daily frequencies in 2022 – with opportunities to add more codeshare destinations for domestic routes within Canada and the U.S.
Sell seats on each other’s transborder flights and share revenue on flights between hub markets (where regulatory authorities and antitrust requirements allow), allowing the carriers to grow their overall capacities.
Align customer policies for greater consistency and enable the seamless provision of onboard products, establish airport co-locations where available and provide extra value to each carriers’ frequent flyer programs.
Allow the two carriers to work closer together to advance their sustainability objectives.
The implementation of an expanded partnership builds on the existing close cooperation of the two carriers and previously acquired regulatory approvals. United and Air Canada are also founding members of Star Alliance and a transatlantic joint business agreement with the Lufthansa Group.
About Air Canada
Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network celebrating its 25th anniversary in 2022. Air Canada provides scheduled passenger service directly to 51 airports in Canada, 51 in the United States and 86 internationally. It is the only international network carrier in North America to receive a Four-Star ranking from Skytrax, which in 2021 gave Air Canada awards for the Best Airline Staff in North America, Best Airline Staff in Canada, Best Business Class Lounge in North America, and an excellence award for managing COVID-19. Through its leading travel loyalty Aeroplan program, Air Canada offers the ability to earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger flights and cargo-only flights with its fleet of Boeing 767-300 freighters. Air Canada has committed to a net zero emissions goal from all global operations by 2050.
About United
United’s shared purpose is “Connecting People. Uniting the World.” From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers. United is bringing back our customers’ favorite destinations and adding new ones on its way to becoming the world’s best airline. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol “UAL”.
Air Canada Cautionary Statement Regarding Forward-Looking Statements
Air Canada’s public communications may include forward-looking statements within the meaning of applicable securities laws. These statements may involve, but are not limited to, comments relating to guidance, strategies, expectations, planned operations or future actions. Forward-looking statements, by their nature, are based on assumptions, are subject to important risks and uncertainties and cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Actual results may differ materially from results indicated in forward-looking statements due to a number of factors, including the factors identified in this news release and in Air Canada’s public disclosure file available at www.sedar.com. The forward-looking statements contained in this news release represent Air Canada’s expectations as of the date of this news release and are subject to change after such date. However, Air Canada disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities regulations.
United Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that are not statements of historical facts are, or may be deemed to be, forward-looking statements. Such forward-looking statements are based on historical performance and current expectations, estimates, forecasts and projections about our future financial results, goals, plans, commitments, strategies and objectives and involve inherent risks, assumptions and uncertainties, known or unknown, including internal or external factors that could delay, divert or change any of them, that are difficult to predict, may be beyond our control and could cause our future financial results, goals, plans and objectives to differ materially from those expressed in, or implied by, the statements. These risks, assumptions, uncertainties and other factors include, among others, any delay or inability of United Airlines to realize the expected benefits of the joint business agreement. No forward-looking statement can be guaranteed. Forward-looking statements in this press release should be evaluated together with the many risks and uncertainties that affect United’s business and market, particularly those identified in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections in United’s Annual Report on Form 10-K for the year ended December 31, 2021, as updated by our subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. The forward-looking statements included in this document are made only as of the date of this document and except as otherwise required by applicable law or regulation, United undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise.
Sound on. W Hotels Worldwide, part of Marriott Bonvoy’s portfolio of 30 extraordinary hotel brands, today announces the opening of W Toronto. Rising 11 stories in the vibrant, creatively charged neighborhood of Yorkville, the hotel is a celebration of Toronto’s storied art scene, diversity of culture, and legacy of non-conformity. Destined to bring a new energy and sophistication to the city’s luxury lifestyle hospitality scene, W Toronto gives locals a new playground and travelers an authentic, socially charged retreat.
“From its street art scene and ongoing musical legacy, Toronto is a natural fit for W Hotels,” says Benoit Racle, Vice President, Brand Management, W Hotels Worldwide. “Our unassuming, playful interpretation of luxury is poised to make W Toronto a regular stop for those living and working in Toronto as well as the perfect place for an out-of-town guest to revel in the city like a local.”
A Culture Clash of Design Designed by global creative agency Sid Lee, W Toronto is a juxtaposition of the city’s biophilia, man-made city grid and brutalist architecture. The contrast begins with the exterior, where the brutalist façade has been transformed through warm, LED lighting that illuminates the night sky, including a glowing, opaque orange lift to take guests to the rooftop bar and restaurant. The journey begins on the 6th Floor, where the Welcome Desk and Living Room (the W brand’s signature lobby/lounge) drips in jewel tones of ruby, amethyst, and topaz – with curved lines and velvet furniture reminiscent of Toronto’s late 60s and early 70s counterculture movement. Other highlights of the 5,000 square foot space include a communal “fire” pit, a circular destination bar featuring cascading amber lighting, and access to The Yard, an outdoor terrace surrounded by a three-story atrium of guest room windows – creating a voyeuristic tension between public and private.
W Toronto features 254 guest rooms – including 30 suites – two of which are Extreme Wow (Presidential) Suites. Drawing inspiration from Toronto’s illustrious theater district, guest room beds are flanked by stage-inspired pendant lights and situated in front of a sapphire velvet curtain that can be automatically drawn open or shut. Design touches include curved banquettes, dressing-room style vanity mirrors, “record-like” tables in honor of Toronto’s musical legacy and nods to nature, like the abstract floral wallpaper and mushroom-shaped accent lights. As a playful wink to personal artistic interpretation, Double Queen Rooms are adorned with wall art that reads “Not everything has to mean something. Some things just are.” by Canadian writer and musician Charles de Lint.
Art + Soul: The Art Collection and Sound Suite of W Toronto Music and creative artistry take centerstage at W Toronto, boasting Canada’s first W Sound Suite, the brand’s signature recording studio experience. Situated off the Living Room, behind a nondescript, one-way, tinted window, W Toronto’s W Sound Suite is outfitted with professional equipment where accomplished and novice musicians, podcasters, and other creatives can draw inspiration from the city and hotel scene.
From the psychedelic rock of the 60s and the hip hop of today, to the street art of Graffiti Alley, Toronto is known for its multidisciplinary artistic legacy. W Toronto honors and adds to this cannon with a collection of original work beginning with the W Monument on Bloor Street. Created by Sid Lee, it reflects biophilia and hippie culture through the use of natural crystal rock patterns and the bold palette of psychedelia. The journey continues with three murals by Dutch-born artist Mikael B. At the driveway is “Below The Surface,” a mesmerizing interpretation of undersea volcanic eruptions; “Hidden Gem” – located at Lift Level G – inspired by Salvador Dalí, Jackson Pollock and Peter Saul with an array of colors and geometric shapes; and “Clear Vision,” an abstract experimentation of color in the meeting and event space.
Coffee. Cocktail. Cuisine Scene. Leading the creative culinary charge at W Toronto is Executive Chef Keith Pears, who is well-known to culinary enthusiasts. His enviable resume – B.C. Chef of the Year, Gold Metal Plates, Bocuse d’Or National Selection, and appearing on Chopped Canada – brings star quality to W Toronto’s three distinct beverage and food venues, taking guests on a progressive journey from morning to late night. It begins with PUBLIC SCHOOL, the rebellious, ground floor coffee house, kitchen and bar driven by barista culture by day and new school tonics, elixirs and low or no alcohol beverages by night. The playful, unpretentious, plant-forward menu is served across two sweeping levels, accentuated by inviting, late 60s/early 70s seating in a palette of soothing earth tones as well as “Toronto Gush,” an original mural by Costa Rican-born artist Alan Ganev, inspired by Toronto’s Graffiti Alley.
Ideal for a solo coffee, casual working lunch, after-work cocktail or late-night revelry, the Living Room pays homage to Toronto’s standing as the most multicultural city in the world. Featuring “Toronto Tapas” – light, shareable bites representing the city’s diverse neighborhoods – the menu includes: Barbacoa Tacos (Kensington Market); Jerk Chicken Skewers (Little Jamaica); and Fogo Island Cod Cheeks (Little India). “Sparkling” is the theme of the Living Room beverage program, with Champagne, rare bottles and a Perlini corking system allowing for unique flight experiences, bubbly by the glass as well as sparkling cocktails, such as the Celery Sour and the Green Goddess Bloody Mary.
As the sun sets, SKYLIGHT, the hotel’s rooftop bar and restaurant, casts a spell on the city’s late-night scene with alluring curated cocktails and Mediterranean-inspired cuisine. The indoor-outdoor boho oasis overlooks Toronto’s iconic Bloor Street, celebrating the provocative and artistic spirit of the 60s Yorkville hippie revolution. In addition to the bazaar-inspired main room – with its nightly DJ booth and performance stage – SKYLIGHT features The Loft (for semi-private events); The Den (an intimate seating, people-watching nook); and TheTerrace (with birdcage-style seating). The menu includes familial-style mezze, salatas, and freshly made maneesh served with tagines as well as an over-the-top Seafood Tower with oysters, clams, shrimp cocktail, escabeche, tuna and scallop crudos, king crab legs, lobster, and caviar. SKYLIGHT’s cocktail program is Vermouth and Amaro-centric with a selection of upscale curated cocktails, seasonal spritzes, and adult slushes.
Business is a Pleasure With five event spaces encompassing 4,679 square feet, W Toronto is the ideal location for conducting business or celebrating a milestone. Industry, at 1,980 square feet, features botanical-inspired wallpaper decorated with elliptical lighting, reminiscent of floral seedlings, and can be divided into three intimate spaces. Studios 1 and 2, off the Living Room, as well as Strategy 1 and 2, offer more casual working session settings. Prior to that big presentation or wedding day, W Toronto’s 3,300 square foot FIT gym is the perfect place for guests to focus and recharge.
“W Toronto is a microcosm of the people, culture, and history of this incredible city,” says Craig Reaume, General Manager, W Toronto. “From the intentional design of each guest room and the authentically diverse menus to the music and vibe of each public space, W Toronto offers a long overdue alternative to the luxury hotel scene. We cannot wait to welcome guests time and again.”
About W Hotels Worldwide Born from the bold, 24/7 culture of New York City, W Hotels has redefined hospitality for over two decades, breaking the norms of traditional luxury wherever the iconic W sign lands. With nearly 60 hotels around the globe, the detail-driven design, iconic Whatever/Whenever service and buzzing, signature Living Rooms create an experience that is often imitated but never matched. Dynamic and invigorating, the brand celebrates each traveler’s desire to uncover the destination through a lens that is distinctly W. For more information on W Hotels, visit www.whotels.com/theangle or follow us on Twitter, Instagram and Facebook. W Hotels Worldwide is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments™ and unparalleled benefits including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit www.marriottbonvoy.com.
About Marriott Bonvoy® Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy’s portfolio of 30 extraordinary brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences, including future stays, Marriott Bonvoy Moments, or through partners for luxurious products from Marriott Bonvoy Boutiques. With the Marriott Bonvoy app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott app, visit www.mobile-app.marriott.com. Travelers can also connect with Marriott Bonvoy on Facebook, Twitter, and Instagram.
In several communities, you only need to travel from one neighborhood to the next to see massive differences, too often linked with race, in health outcomes. For example, in certain areas in the nation, people in one neighborhood may have a life expectancy 20 to 30 years shorter than people living just down the road, and we often see these gaps in areas divided along racial lines
In more than 15 years of working in food and nutrition across many communities, I have seen such disparities firsthand, where too often predominately Black and Brown communities experienced both chronic health problems and the highest rates of food insecurity. These disparities only worsened during the pandemic – in 2020, for example, 21.7% of Black households experienced food insecurity – more than twice the rate of White households. The common thread in all these communities was a lack of investment in the food system. Yet in these same communities, I found inspiration and resilience in the local leaders and organizations who worked to expand food access, despite having fewer resources.
As a company, we understand that food access and health outcomes are closely connected. In many neighborhoods, Walmart’s physical presence and omnichannel capabilities allow us to serve as a resource for affordable healthy food and health services. And beyond our business, through philanthropy, Walmart and the Walmart Foundation have funded programs to increase people’s access and confidence in eating healthier foods.
In 2020, Walmart and the Walmart Foundation made a commitment to go further – to use Walmart business initiatives and philanthropy to tackle health disparities that have affected the Black and African American community for generations. Walmart’s Health Shared Value Network (SVN), a team of associates guiding how the business approaches health equity, focuses on how Walmart’s capabilities and offerings can contribute to better health outcomes, including by addressing social determinants of health, such as food and nutrition insecurity.
The Walmart.org Center for Racial Equity is complementing the SVN’s work by investing in efforts that make healthy food options more available to the communities that need them most. We want to empower local entrepreneurs and organizations who know how to meet the needs of their communities but need investment to make lasting change. Recently, through Walmart and the Walmart Foundation, the Center invested nearly $9.5 million in grants to support organizations in finding solutions for healthy food while also driving economic development and building capacity in predominately Black communities with low food access. These grants support organizations working in two key areas:
The Intersection of Health Systems and Community-Led Food Solutions
The University of Texas MD Anderson Cancer Center’s Be Well Communities initiative in Houston’s Acres Homes neighborhood, a 47% Black and 43% Hispanic community where MD Anderson works on strategies to prevent cancer. Our investment supports sustainable, neighborhood-based food solutions as part of the initiative, and we hope it helps us learn how similar investments in communities could work.
American Heart Association’s Bernard J. Tyson Impact Fund, which supports community-based food entrepreneurs and organizations in Atlanta and Chicago. This work is already underway, as 22 local businesses and nonprofits received funding to bring solutions for nutritious food to their communities. Take Atlanta Harvest as one example – a Black-owned, family-operated, multi-generational farm and food hub operating in food insecure neighborhoods.
Community-Led Food Solutions That Drive Economic Development
The EFOD Collaborative and Fund, fiscally sponsored by Community Services Unlimited, will use Equitable Food Oriented Development (EFOD), a food system strategy emerging from and focused on historically marginalized communities. EFOD food and agriculture projects aim to create community-owned business opportunities and healthy food systems. Projects are rooted in the neighborhoods they serve, use principles of community organizing and offer solutions that reflect the community’s cultural identity.
Local Initiatives Support Corporation (LISC) will provide capacity-building grants to Black, Indigenous and people of color (BIPOC)-led grassroots organizations expanding access to healthy food in communities with low food access, with a focus on the Southeast. LISC will support the organizations as they build or strengthen their programs and forge partnerships in their communities.
Reinvestment Fund (RF) will focus on Alabama, Georgia and Mississippi – regions facing high levels of food insecurity – to research the current state of funding for food systems in the area. Working with community-based partners, RF will provide grants that build capacity for small- and mid-sized food organizations to grow their businesses and expand access to food in their communities.
These grants aim to shift resources toward local organizations that can serve as models of community innovation and empowerment through food. We hope they not only help improve food systems, but also inspire others to support the entrepreneurs and organizations best placed to provide local solutions that strengthen food access and ultimately the health of their neighbors.
LG Electronics (LG) is once again the official partner of The Amundi Evian Championship, marking the sixth straight year the premium brand has lent its support to the prestigious women’s golf tournament. Proud to be associated with the pursuit of golfing perfection, LG continues to deliver on the LG SIGNATURE ‘Art of Essence’ philosophy, offering premium products that combine stylish, functional design with the latest technologies.
Throughout The Amundi Evian Championship 2022, which began today and runs until July 24, LG SIGNATURE is showcasing its latest offerings within the beautiful confines of the exclusive Evian Resort Golf Club.
The brand is also making its presence known at this year’s tournament through promotions and unique activations such as the Hole In One by LG SIGNATURE at hole 5. Any player able to hit a hole-in-one there during stroke play will win a premium LG SIGNATURE home appliance. On top of that, an LG SIGNATURE Refrigerator, placed near the first hole and highlighting the brand’s distinctive, refined design, will enable the players to enjoy refreshing drinks preserved at the perfect temperature. Additionally, LG SIGNATURE OLED TV will be on display in the Hotel Royal, palace of Evian Resort, showing off the stunning colors and infinite contrast that only LG’s self-lit technology can provide.
As a treat for fans who haven’t been able to see their favorite golfers in person for some time due to COVID-19 restrictions, LG is planning a signing event with LG SIGNATURE’s ambassadors Ko Jin-young and Park Sung-hyun, the planet’s top-ranked female golfers.
In addition, LG recently unveiled ‘Road to Perfection,’ a short film that shows how the world’s No.1 female golfer and LG SIGNATURE brand ambassador Ko Jin-young, The Amundi Evian Championship and LG’s luxury brand, all strive to be the very best at what they do. Inspirational and insightful, the film gives audiences a look at the passion, skill and total dedication required to excel at the highest level. A second film exploring ‘Road to Perfection’ will be launching next month.
“We are delighted to continue our partnership with The Amundi Evian Championship,” said Lee Jeong-seok, head of LG Electronics’ Global Marketing Center. “We hope to provide people with ‘timeless moments’ at this great tournament, and to demonstrate the natural alignment between our luxury brand and the world of professional golf. With ceaseless efforts and unmatched enthusiasm for achieving perfection, and a commitment to delivering timeless value and craftsmanship, LG will continue to offer exceptional products and unique brand experiences.”
To view the ‘Road to Perfection’ brand film, stay tuned to LG SIGNATURE’s official YouTube channel and Instagram account.
Today in Hall H at San Diego Comic-Con, Miss Minutes clocked in to introduce Kevin Feige, president of Marvel Studios and chief creative officer of Marvel. Feige was joined onstage by moderator Ash Crossan to deliver Marvel Studios’ long-awaited live-action panel. Feige didn’t disappoint the enthusiastic crowd, showcasing the upcoming slate of Marvel Cinematic Universe (MCU) titles with trailers, special looks, Q&As with talent and filmmakers, major announcements, and a live, show-stopping performance. Fans at San Diego Comic-Con were also the first to learn that Phases 4, 5, and 6 are officially part of the Multiverse Saga, which will conclude with two new Avengers films.
Fans won’t have to wait long for the next Phase 4 title, as She-Hulk: Attorney at Law, will debut exclusively on Disney+ August 17, 2022. Directors Kat Coiro and Anu Valia, along with head writer Jessica Gao, were joined by cast members Tatiana Maslany, Ginger Gonzaga, and Jameela Jamil for a Q&A about the new series and to share a new trailer (above). She-Hulk: Attorney at Law centers on Jennifer Walters (Maslany), an attorney specializing in superhuman-oriented legal cases who must navigate the complicated life of a single, 30-something who also happens to be a green 6-foot-7-inch superpowered hulk. The nine-episode comedy series welcomes MCU veterans Mark Ruffalo as Smart Hulk, Tim Roth as Emil Blonsky/the Abomination, and Benedict Wong as Wong, and newcomers Josh Segarra, Jon Bass, and Renée Elise Goldsberry.
Black Panther: Wakanda Forever capped the Hall H presentation to thunderous roars and applause, beginning with a live performance by Baaba Maal (vocals), Massamba Diop (tama), dancers, and drummers. Feige was joined on stage by director Ryan Coogler and cast members Mabel Cadena, Michaela Cole, Winston Duke, Danai Gurira, Tenoch Huerta, Florence Kasumba, Alex Livinalli, Lupita Nyong’o, Dominique Thorne, and Letitia Wright for a Q&A and first look at the film’s first trailer (above). In Black Panther: Wakanda Forever, Queen Ramonda (Angela Bassett), Shuri (Wright), M’Baku (Duke), Okoye (Gurira), and the Dora Milaje (including Kasumba) fight to protect their nation from intervening world powers in the wake of King T’Challa’s death. As the Wakandans strive to embrace their next chapter, the heroes must band together with the help of War Dog Nakia (Nyong’o) and Everett Ross (Martin Freeman) and forge a new path for the kingdom of Wakanda. The film introduces Tenoch Huerta as Namor, king of a hidden undersea nation. Feige also announced Black Panther: Wakanda Forever will end Phase 4 and open in U.S. theaters on November 11, 2022.
Feige—joined by director Peyton Reed and stars Paul Rudd, Evangeline Lilly, Jonathan Majors, and Kathryn Newton—announced that Phase 5 will kick off with Ant-Man and The Wasp: Quantumania on February 17, 2023. Epic in scale and tone, Ant-Man and The Wasp: Quantumania is a sci-fi adventure that is decidedly unique to the franchise. Super Hero partners Scott Lang (Rudd) and Hope Van Dyne (Lilly) return to continue their adventures as Ant-Man and The Wasp. Together, with Hope’s parents Hank Pym (Michael Douglas) and Janet Van Dyne (Michelle Pfeiffer), the family finds themselves exploring the Quantum Realm, interacting with strange new creatures and embarking on an adventure that will push them beyond the limits of what they imagined possible.
Next, Secret Invasion will launch on Disney+ in Spring 2023. Cobie Smulders—who reprises her role as Maria Hill, a decorated spy and Nick Fury’s loyal No. 2—appeared onstage to share details about the thrilling new series and share an exclusive clip. Secret Invasion stars Samuel L. Jackson as Nick Fury and Ben Mendelsohn as the Skrull Talos—characters who first met in Captain Marvel. They are joined by Kingsley Ben-Adir, Emilia Clarke, Olivia Colman, and Regé-Jean Page. The crossover event series showcases a faction of shapeshifting Skrulls who have been infiltrating Earth for years.
Guardians of the Galaxy Vol. 3 will open in theaters on May 5, 2023. With director James Gunn taking the lead, actors Chris Pratt, Karen Gillan, Pom Klementieff, Sean Gunn, Will Poulter, and Maria Bakalova took part in an engaging discussion. Chukwudi Iwuji then arrived onstage in costume to announce he is play ingHigh Evolutionary. The audience also got a special look at the feature film, which showed the beloved band of misfits looking a bit different these days. In Guardians of the Galaxy Vol. 3, Peter Quill (Pratt), still reeling from the loss of Gamora (Zoe Saldaña), must rally his team around him to defend the universe along with protecting one of their own—a mission that, if unsuccessful, could quite possibly lead to the end of the Guardians as we know them.
New details emerged regarding a host of previously announced titles in Phase 5. Three series are currently in production for Disney+: Echo (streaming Summer 2023), Loki Season 2 (streaming Summer 2023), and Ironheart (streaming Fall 2023). Agatha: Coven of Chaos begins filming later (streaming Winter 2023). Phase 5 theatrical releases include The Marvels, directed by Nia DaCosta and opening July 28, 2023, and Blade, which will begin shooting in October and open in theaters November 3, 2023. Feige also shared for the first time a trio of captivating projects that will debut in 2024:
Captain America: New World Order will open in theaters on May 3, 2024.
Daredevil: Born Again, an 18-episode season starring Charlie Cox and Vincent D’Onofrio, will stream on Disney+ in Spring 2024.
Thunderbolts, featuring an exciting new group of heroes, will open in theaters on July 26, 2024.
Looking ahead, Phase 6 of the Marvel Cinematic Universe promises compelling storytelling and Marvel Studios’ signature style of adventure. Fantastic Four will open in theaters on November 8, 2024; production kicks off in 2023 for the feature film that introduces Marvel’s most iconic family. Avengers: The Kang Dynasty will open in theaters May 2, 2025, followed by Avengers: Secret Wars, opening November 7, 2025.
The day prior, fans got a sneak peek at what’s in the works from Marvel Studios’ Animation via Brad Winderbaum, Marvel Studios’ head of streaming television and animation; Ryan Meinerding, head of visual development; Bryan Andrews, director of What If…? and executive producer of Marvel Zombies; AC Bradley, writer and executive producer of What If…?; Beau DeMayo, writer and executive producer of X-Men ‘97; Kirsten Lepore, writer, director, and executive producer of I Am Groot; and Jeff Trammell, head writer and executive producer of Spider-Man: Freshman Year.
Lepore answered questions about I Am Groot and treated the audience to the trailer (above) and key art. A surprise screening of one of the shorts, “Groot Takes a Bath,” delighted the audience, who applauded when a second collection of shorts was announced. In I Am Groot, there’s no guarding the galaxy from this mischievous toddler! So, get ready as Baby Groot takes center stage in his very own collection of shorts, exploring his glory days growing up—and getting into trouble—among the stars. I Am Groot, five original shorts featuring several new and unusual characters, stars everyone’s favorite little tree, Baby Groot, voiced by Vin Diesel. The executive producers are Feige, Louis D’Esposito, Victoria Alonso, Winderbaum, and Gunn. I Am Groot launches exclusively on Disney+ August 10, with all five shorts available at once.
Trammell teased Spider-Man: Freshman Year with the cast of characters, and Meinerding showed off the new Spider-Man suit designed for the series. It was also announced that panel moderator Paul F. Tompkins will play a character in the series. Spider-Man: Freshman Year will follow Peter Parker on his way to becoming Spider-Man in the MCU—in a journey unlike we’ve ever seen and in a style that celebrates the character’s early comic book roots. The series will debut on Disney+ in 2024. During the panel, a second season was announced, aptly titled Spider-Man: Sophomore Year.
Andrews and Bradley discussed the Emmy® Award-nominated series What If…? and showed the trailer for the second season, launching exclusively on Disney+ in early 2023. The audience went wild when, at the end of the presentation, a surprise screening of one episode from the highly anticipated season was shown and a third season was announced. The second season of What If…? continues the journey with The Watcher as our guide through the vast multiverse, introducing new and familiar faces throughout the MCU. The animated series questions, revisits, and twists classic moments with an incredible voice cast that includes stars who reprise their iconic roles.
Andrews shared background on Marvel Zombies and its origins spawning from a Season 1 episode of What If…?, as well as concept art. Marvel Zombies will reimagine the Marvel Universe as a new generation of heroes battle against an ever-spreading zombie scourge. Written by executive producer Zeb Wells, it will stream on Disney+.
The audience erupted in cheers when Winderbaum reflected on the legacy of X-Men: The Animated Series and presented a sizzle reel featuring cast and creatives from the popular ‘90s animated show. DeMayo then spoke about X-Men ‘97, shared artwork, and presented an animatic AV piece. DeMayo also mentioned the series will use the original X-Men theme music, and a second season was announced. X-Men ‘97, set in the iconic ‘90s timeline of the original series, will stream only on Disney+ in Fall 2023.
Amazon remains steadfast in our commitment to support small businesses, and this Prime Day was no exception. This year was the biggest Prime Day event for Amazon’s selling partners, most of whom are small and medium-sized businesses, whose sales growth in Amazon’s store outpaced Amazon’s retail business.
Just in time for Prime Day shopping, Amazon unveiled the new Small Business Badge, which helps customers discover and shop products from small business brands and artisans in Amazon’s store. The new badge makes it easier for members to identify products from small businesses on product detail pages and in search results.
The Small Business Badge identifies products from small business brands and artisans on Amazon.
Together with the Small Business Badge, Amazon’s “Support Small Businesses to Win Big” sweepstakes connected Prime members to small businesses selling in Amazon’s store. During the three-week lead-up period, from June 21 to July 11, for every dollar spent on eligible small business products, customers who registered for the sweepstakes had the opportunity to receive a chance to win prizes, including a pre-game experience and tickets to Super Bowl LVII, tickets to a special screening and cast meet-and-greet for the upcoming Lord of the Rings: The Rings of Power series, millions of dollars in Amazon gift cards, and more. During the lead-up period, customers spent over $3 billion on more than 100 million small business items included in the “Support Small Businesses to Win Big” sweepstakes.
Celebrity Hilary Duff also joined some of her favorite small business owners from companies including Zach & Zoe Sweet Bee Farm, Fly By Jing, and Livity Yoga on Amazon Live on June 28 to discuss their products and inspiring stories. During the 48-hour Prime Day event on July 12 and 13, Amazon Live also spotlighted exciting deals curated from small businesses across Amazon.
Keep reading to hear from some of the small business owners who sold on Amazon during Prime Day.
“Prime Day 2021 was Partake’s largest sales day of the year, so to say we have been excited for Prime Day 2022 is an understatement,” said Denise Woodard, founder and CEO of Partake Foods, a natural food company based in Jersey City, New Jersey. “This year, in the first day alone, Partake saw one of our highest sales days to date for 2022, with 4x our daily sales unit rate. In addition to Amazon’s strong support of Prime Day, we have introduced Lightning Deals to further drive visibility to Amazon customers. Partake is a small business that prioritizes inclusivity with our line of allergy-friendly foods. Partnering with Amazon supports our mission to ensure more people who want and need safer foods in their pantries can access them.”
“It is an honor for our Ubuntu Life team to be in partnership with Amazon for Prime Day. Last year we experienced a 99% increase in unit sales on Prime Day,” said Zane Wilemon, CEO and co-founder of Ubuntu Life, a seller of handcrafted shoes, bracelets, bags, and jewelry made by the mothers of Kenya, based in Austin, Texas. “These results are substantial for our impact-driven business, which focuses on empowering women makers in Kenya. We’re excited to continue building this meaningful partnership and as a result reaching customers that would typically be impossible without Amazon.”
“We were thrilled to be part of the Amazon Prime Day promotion of small businesses, and we experienced a 326% increase in sales during Prime Day,” said Renee Manzari, founder and CEO of Livity Yoga, a sustainable yoga brand based in Baltimore, Maryland. “As an immigrant and woman of color, there have been so many hurdles in building a small business, yet with Amazon’s consistent effort to promote us, I’ve had such a huge platform to show the world not only our products but our purpose as well.”
“We were ecstatic to partner with Amazon for this year’s Prime Day,” said Rob Jackson, founder of Ujamaa Lighting, a high-quality energy-efficient lightbulb company based in Austin, Texas. “Being a part of Amazon has provided Ujamaa with exposure to so many new customers beyond those in our local community—which has been invaluable to this small father-son business. We applaud Amazon for their efforts in promoting small businesses and look forward to working with them more in the future.”
“We had an extraordinary experience this Prime Day, and we’re so appreciative of Amazon for investing so much into Prime Day 2022,” said Summer and Kam Johnson, founders of Zach and Zoë Sweet Bee Farm, a raw honey distributor based in New York, New York. “Every year, we get more momentum, but this year was extra special. Most of our customers are Amazon Prime members, so they really showed up this year and supported and appreciated all of the special discounts this year. We didn’t anticipate being a seller on Amazon to get any better than it already was, with their constant engagement and convenience.”
EasyPeasie – Hallandale Beach, Florida
Dorielle Price and Jamelah Tucker, co-founders of EasyPeasie
“EasyPeasie + Prime Day = partay! We’re always excited to see the increased traffic that Prime Day brings to our page and listings,” said Dorielle Price and Jamelah Tucker, co-founders of EasyPeasie, a vegetable blends company based in Hallandale Beach, Florida. “Participating in Prime Day is like having a booth at the biggest and best farmers’ market on Earth! Thank you, Amazon, for helping the families that need us find us!”
Nested Bean – Hudson, Massachusetts
Manasi Gangan, founder and president of Nested Bean.
“Prime Day has always been a record sales day for us, and this year was no different. Our business saw a 350% increase in units sold,” said Mihir Chheda, senior manager of growth and data analytics at Nested Bean, a baby sleep wellness company. “As a business in a high growth mode, raising awareness, acquiring new customers, and generating more sales from existing customers at a profitable cost are extremely important. It’s only possible to achieve all of this by leveraging a customer-centric store like Amazon.”
The Dubai Duty Free officials conducted the Dubai Duty Free Finest Surprise draw for one car and two motorbikes.
