Shares of Philip Morris International Inc. (NYSE:PM) ended Thursday session in green amid volatile trading. The shares closed up +1.13 points or 1.15% at $99.75 with 3.92 million shares getting traded. Post opening the session at $98.37, the shares hit an intraday low of $98.37 and an intraday high of $100.00 and the price vacillated in this range throughout the day. The company has a market cap of $152.12 billion and the numbers of outstanding shares have been calculated to be 1.55 billion shares.
Philip Morris International Inc. (PM) on September 15, 2016 announced that the response to PMI IMPACT, its new global funding initiative for third party projects dedicated to fighting smuggling and related crimes, has exceeded expectations with more than 200 expressions of interest submitted in the first funding round. PMI has pledged USD 100 million for three funding rounds.
“We are delighted to see that PMI IMPACT has been well-received and that a broad range of organizations recognized the need to join forces to eliminate illegal trade in its many forms. With the leadership of the Expert Council, PMI IMPACT will provide resources for the best proposals to bring innovative and lasting solutions,” stated Alvise Giustiniani, Vice President Illicit Trade Strategies & Prevention, of PMI.
The Expert Council comprises external independent experts with impeccable credentials in the fields of law, anti-corruption and law enforcement. The experts will evaluate the project proposals that are suitable for funding.
In total, 170 organizations including government agencies, universities and research institutes, NGOs, and private entities have proposed more than 200 projects under three focus areas: research, education and awareness, and action. Submissions come from 42 countries, primarily in Europe and North America.
For its first funding round, PMI IMPACT called for projects that could have an impact on illegal trade and related crimes in the European Union. Organizations based anywhere in the world were invited to apply, as long as they could demonstrate an impact within the EU, including an impact on the illegal tobacco trade.
Expressions of interest will now go through due diligence checks and quality assessment by the Expert Council. Applicants that pass this stage will be invited to submit their full proposals. The selection process will be completed by Q2 2017.
Shares of Under Armour Inc (NYSE:UA) ended Thursday session in green amid volatile trading. The shares closed up +0.33 points or 0.86% at $38.56 with 3.70 million shares getting traded. Post opening the session at $38.18, the shares hit an intraday low of $37.72 and an intraday high of $38.63 and the price vacillated in this range throughout the day. The company has a market cap of $15.44 billion and the numbers of outstanding shares have been calculated to be 183.39 million shares.
On Aug. 9, 2016 Gloveworx announced a new partnership with Under Armour as the “Official Performance Partner of Gloveworx.”
“Under Armour and Gloveworx are a perfect match. As a company supported by a staff of elite athletes and coaches, Gloveworx is built on the belief that everyone can become Fighting Fit. Under Armour shares the same training ethos that emphasizes smart training and hard work. We are super excited to work together,” said Leyon Azubuike, founder of Gloveworx.
Azubuike, former US Nationals heavyweight competitor and cast member of NBC’s STRONG, developed Gloveworx around the core principle that you can be unstoppable every day, learning to thrive not just survive. Azubuike and his staff of coaches offer a suite of completely unique fitness experiences at Gloveworx that combines dynamic boxing workouts with strength and conditioning in a passionate team environment. From high-energy large and small group training to personalized one-on-one sessions, every workout guarantees to be both brutally hard and incredibly fun at the same time.
Gloveworx and Under Armour share a commitment to training and the alignment of the two brands allows each to empower their athletes, coaches, and trainers to improve through superior training and performance products.