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‘Two guys in a steam bath’: Trump praises himself on phone calls with Putin, according to a CNN report

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  • Sources within the Trump administration said the president was “inordinately solicitous of Putin’s admiration and seemingly seeking his approval,” according to CNN’s Carl Bernstein.
  • Two US officials said Trump had “naively elevated” Russia “to almost parity with the United States.”
  • “He’s playing with something he doesn’t understand,” one official said, “and he’s giving them power that they would use [aggressively].”
  • Visit Business Insider’s homepage for more stories.

President Donald Trump seems desperate to win the approval of Russian strongman Vladimir Putin, anonymous US officials told CNN, with one source describing calls between the leaders as “two guys in a steam bath.”

Sources within the Trump administration said the president was “inordinately solicitous of Putin’s admiration and seemingly seeking his approval,” according to CNN’s Carl Bernstein.

Two US officials said Trump had “naively elevated” Russia “to almost parity with the United States.”

“He’s playing with something he doesn’t understand,” one official said, “and he’s giving them power that they would use [aggressively].”

In particular, the sources derided Trump’s decision to withdraw most US troops from Syria that had been providing support to Kurdish militias fighting the Islamic State, a move that further increased Russian influence in the country.

Sources also told CNN that, in the calls with Putin, Trump “talked mostly about himself, frequently in over-the-top, self-aggrandizing terms,” while berating his predecessors as “imbeciles” and “weaklings.”

The Russian president “just outplays him,” a senior Trump administration official said.

After the story was published, a White House spokesperson asserted that the president “is a world class negotiator,” declining to address the substance of the piece.

Have a news tip? Email this reporter: cdavis@insider.com

Source: https://www.businessinsider.com/trump-calls-with-putin-two-guys-in-steam-bath-cnn-2020-6

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Touchstone Bank Adds to the Richmond-MSA Team

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PRINCE GEORGE, Va., May 13, 2021 /PRNewswire/ — Touchstone Bankshares, Inc. (the “Company”) (OTC Pink: TSBA), is pleased to announce Mr. William (Billy) Harper as its SVP, Regional Market Executive of the Richmond, Virginia market.  Mr. Harper has over 8 years of executive banking experience, most recently with SunTrust’s (now Truist) Central Virginia Commercial Banking Group. Prior to Suntrust, Mr. Harper worked with companies in the Engineering & Construction, and Building Materials sectors at BB&T Capital Markets.  Mr. Harper also held internships with Trinity Capital in Los Angeles and Morgan Stanley in New York as well as sales roles with Sterns Corporation in Atlanta, GA. He holds a degree in Business Administration from Hampden-Sydney College and an MBA with a concentration in Finance from the Mason School of Business at the College of William and Mary.

Bankshares (PRNewsfoto/Touchstone Bankshares, Inc.)

“We are excited to have Billy join the team at Touchstone Bank serving the Richmond-MSA. He is a well trusted advisor for his clients and is committed to making a difference in the community,” said James Black, President & CEO. Black added, “Billy’s experience, mindset, and values are a natural fit with our business model. He joins a team of professionals and will be under the leadership of EVP, Chief Lending Officer, Sean Link. Sean joined the Touchstone Bank executive team this past December and is leading the charge for our market expansion. The combination of their leadership and passion, will give clients the opportunity to experience next level customer service in the Richmond-MSA.”  Sean Link commented, “Billy brings a deep knowledge of the market and a personal style, that along with his seasoned business experience, are the assets needed to best serve our customers.”

About Touchstone Bankshares, Inc.

Touchstone Bankshares, Inc. is the bank holding company for Touchstone Bank. The formation of Touchstone Bankshares, Inc. was finalized on July 1, 2020 with a one-for-one share exchange of Touchstone Bank preferred and common shares with Touchstone Bankshares, Inc. preferred and common shares, respectively Touchstone Bank is a full-service community bank headquartered in Prince George, Virginia. The Bank has eleven branches serving Southern and Central Virginia and two branches and a loan center serving Northern North Carolina. Visit www.touchstone.bank for more information.

Forward-Looking Statements

In addition to historical information, this press release may contain certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. For this purpose, any statement that is not a statement of historical fact may be deemed to be a forward-looking statement. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, and actual results could differ materially from historical results or those anticipated by such statements.  Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to, the impacts of the ongoing COVID-19 pandemic; changes in interest rates and general economic conditions; the legislative/regulatory climate; monetary and fiscal policies of the U.S. Government; the quality or composition of the loan or investment portfolios; demand for loan products; deposit flows; competition; demand for financial services in the Company’s market area; mergers, acquisitions and dispositions; implementation of new technologies and the ability to develop and maintain secure and reliable electronic systems; and tax and accounting rules, principles, policies and guidelines.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/touchstone-bank-adds-to-the-richmond-msa-team-301291057.html

SOURCE Touchstone Bankshares, Inc.

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Global Industrial Rubber Products Market to Reach $136.5 Billion by 2026

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SAN FRANCISCO, May 13, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Industrial Rubber Products – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Industrial Rubber Products Market

FACTS AT A GLANCE
Edition: 19; Released: May 2021
Executive Engagements: 10762
Companies: 359– Players covered include Airboss of America Corp.; Avon Rubber p.l.c.; Bando Chemical Industries, Ltd.; Bridgestone Corporation; ContiTech AG; Cooper Standard; Dayco Products, LLC; Eaton Corporation; EnPro Industries, Inc.; Federal-Mogul Corporation; Gates Corporation; Habasit AG; Hutchinson S.A.; JSJ Corporation; Sparks Belting Company; Meiji Rubber & Chemical Co., Ltd.; Mitsuboshi Belting Ltd.; Nichirin Co., Ltd.; NOK Corporation; Parker-Hannifin Corporation; Patch Rubber Company; Semperit AG Holding; Sumitomo Riko Company Limited; Sumitomo Rubber Industries Ltd.; The Freudenberg Group; The Yokohama Rubber Company Ltd.; Toyo Tire Corporation; Toyoda Gosei Company Limited; Trelleborg AB and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Mechanical Rubber Goods, Rubber Hose & Belting, Other Product Segments); Rubber Type (Natural, Styrene Butadiene, Polybutadiene, Ethylene-Propylene, Nitrile Butadiene, Other Rubber Types); End-Use (Automotive, Construction & Infrastructure, Energy, Aerospace, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry 

ABSTRACT-

Global Industrial Rubber Products Market to Reach $136.5 Billion by 2026
Global Industrial Rubber Products market is projected to register healthy growth over the near-to-long term. The market, estimated at US$100.1 Billion in 2020 is projected to reach US$136.5 Billion by 2026, registering a compounded annual growth rate (CAGR) of 5.4% over the analysis period. China represents the largest regional market for Industrial Rubber Products, accounting for an estimated 25.1% share of the global total in 2020. The country is also expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 6.3% over the analysis period. The market is expected to progress steadily to evolve as a major regional market for Industrial Rubber Products, supported by various factors conducive to healthy growth.

The U.S. Market is Estimated at $20.1 Billion in 2021, While China is Forecast to Reach $36 Billion by 2026 
The Industrial Rubber Products market in the U.S. is estimated at US$20.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$36 Billion by the year 2026 trailing a CAGR of 6.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Mechanical Rubber Goods Segment to Reach $56.7 Billion by 2026 Global market for Mechanical Rubber Goods is estimated at US$42.7 Billion in 2020, and is projected to reach US$56.7 Billion by 2026 reflecting a compounded annual growth rate of 5.0% over the analysis period. Europe constitutes the largest regional market for Mechanical Rubber Goods segment, accounting for 25.7% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 5.6% over the analysis period, to reach US$12.1 Billion by the year 2027. More

MarketGlass Platform

Our MarketGlass Platform is a free full-stack knowledge center that is custom configurable to today’s busy business executive’s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world’s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: ZA@StrategyR.com 

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp 

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./ 

Follow Us on Twitter
https://twitter.com/marketbytes 

Journalists & Media
Info411@strategyr.com 

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SOURCE Global Industry Analysts, Inc.

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Source: https://markets.businessinsider.com/news/stocks/global-industrial-rubber-products-market-to-reach-136-5-billion-by-2026-1030426767

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62 Biggest Movers From Yesterday

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Gainers

  • Curis, Inc. (NASDAQ:CRIS) shares surged 65.5% to settle at $16.27 on Wednesday in reaction to updated data from its ongoing open-label, single-arm, Phase 1/2 study of CA-4948 in patients with acute myeloid leukemia (AML) or high-risk myelodysplastic syndromes (MDS). The company also released quarterly results after the closing bell on Wednesday.
  • Lucira Health, Inc. (NASDAQ:LHDX) jumped 44.2% to close at $7.34 on Wednesday. Lucira said its Lucira CHECK IT COVID-19 test kit is now available on Amazon, Inc. in the US.
  • Autolus Therapeutics plc (NASDAQ:AUTL) jumped 35.5% to close at $6.76.
  • Summit Wireless Technologies, Inc. (NASDAQ:WISA) gained 31% to settle at $3.38 after the company issued Q2 sales guidance up 250%.
  • Second Sight Medical Products, Inc. (NASDAQ:EYES) jumped 27.6% to settle at $6.38 after the company disclosed two-year results of Orion study.
  • ShotSpotter, Inc. (NASDAQ:SSTI) jumped 25.4% to close at $38.67 following Q1 results. Craig-Hallum upgraded ShotSpotter from Hold to Buy and raised the price target from $40 to $45.
  • Barnwell Industries, Inc. (NYSE:BRN) rose 24% to close at $3.31 following Q2 results.
  • Larimar Therapeutics, Inc. (NASDAQ:LRMR) jumped 23.7% to settle at $10.34, rebounding after the stock fell on Tuesday due to safety concerns from the non-human primate studies for its CTI-1601 program.
  • Ra Medical Systems, Inc. (NASDAQ:RMED) shares gained 18.1% to $3.92 after the company reported better-than-expected Q1 results.
  • Mesa Royalty Trust (NYSE:MTR) gained 18.1% to settle at $5.07.
  • Harrow Health, Inc. (NASDAQ:HROW) jumped 16.4% to close at $9.08 after the company reported better-than-expected Q1 results.
  • Minerva Neurosciences, Inc. (NASDAQ:NERV) climbed 15.7% to settle at $2.58 after the company announced results from the 40-week open-label extension of its phase 3 trial of roluperidone for the treatment of negative symptoms of schizophrenia.
  • Lightbridge Corporation (NASDAQ:LTBR) rose 15.2% to close at $5.24 after the company posted a narrower quarterly loss.
  • Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) surged 15% to close at $4.21.
  • iPower, Inc. (NASDAQ:IPW) gained 14.8% to settle at $5.74 after the company priced its IPO at $5 per share.
  • Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) surged 14.6% to close at $3.69 in sympathy with Curis after the company reported an updated data in 2 abstracts for CA-4948 accepted for presentation at the European hematology association 2021 virtual congress.
  • Burning Rock Biotech Limited (NASDAQ:BNR) gained 14.2% to close at $29.85.
  • eGain Corporation (NASDAQ:EGAN) jumped 14% to settle at $10.26 after reporting Q3 results.
  • The ONE Group Hospitality, Inc. (NASDAQ:STKS) gained 13.5% to close at $11.38 after the company reported better-than-expected Q1 results.
  • Ideal Power Inc. (NASDAQ:IPWR) gained 13.3% to settle at $7.83.
  • Obalon Therapeutics, Inc. (NASDAQ:OBLN) jumped 13.3% to close at $3.32 following narrower quarterly loss.
  • Olema Pharmaceuticals, Inc. (NASDAQ:OLMA) gained 12.9% to close at $24.48 after the company posted a narrower Q1 loss.
  • Nemaura Medical Inc. (NASDAQ:NMRD) rose 11.1% to close at $10.06 after gaining 14% on Tuesday.
  • Biomerica, Inc. (NASDAQ:BMRA) shares jumped 10.9% to settle at $3.78. Biomerica recently said its COVID-19 antigen rapid test can be performed with a nasal swab.
  • SandRidge Energy, Inc. (NYSE:SD) gained 10.4% to close at $4.90.
  • fuboTV Inc. (NYSE:FUBO) surged 9.7% to close at $19.38 after the company reported better-than-expected Q1 sales and issued strong sales guidance.
  • CVR Energy, Inc. (NYSE:CVI) rose 8.5% to close at $22.77 after the company reported a $492 million special dividend. The company also reported it is interested in renewable fuels and is no longer interested in buying another crude oil refinery.
  • Comstock Holding Companies, Inc. (NASDAQ:CHCI) gained 8.4% to close at $6.17.
  • New Concept Energy, Inc. (NYSE:GBR) gained 8% to settle at $4.31.
  • The Hackett Group, Inc. (NASDAQ:HCKT) gained 6.8% to close at $17.12 following strong quarterly results.

Check out these big penny stock gainers and losers

Losers

  • Array Technologies, Inc. (NASDAQ:ARRY) shares tumbled 46.1% to close at $13.46 on Wednesday after the company reported worse-than-expected Q1 earnings. The company also reported it is unable to affirm previously provided guidance for FY21. Roth Capital, Barclays and Piper Sandler downgraded the stock.
  • Lianluo Smart Limited (NASDAQ:LLIT) shares tumbled 37.9% to close at $6.04 on Wednesday.
  • FTC Solar, Inc. (NASDAQ:FTCI) dipped 25.1% to close at $8.76. FTC Solar, last month, priced 19.84 million shares at $13 per share to raise $257.92 million in its initial public offering (IPO).
  • Sonim Technologies, Inc. (NASDAQ:SONM) fell 22.8% to close at $0.4789 after the company reported worse-than-expected Q1 results.
  • Navios Maritime Holdings Inc. (NYSE:NM) dropped 22% to settle at $8.21.
  • SelectQuote, Inc. (NYSE:SLQT) fell 20.1% to settle at $21.90 after the company reported downbeat Q3 earnings.
  • CuriosityStream Inc. (NASDAQ:CURI) shares fell 19.7% to close at $8.98 after the company reported downbeat Q1 results and said it has acquired One Day University.
  • Grocery Outlet Holding Corp. (NASDAQ:GO) fell 18.5% to close at $33.03 after the company reported weak Q1 sales. Deutsche Bank also downgraded the stock from Buy to Hold and announced a price target of $37 per share.
  • Lemonade, Inc. (NASDAQ:LMND) fell 18.5% to settle at $60.17 after the company reported Q1 results.
  • InflaRx N.V. (NASDAQ:IFRX) dipped 17.9% to close at $2.85 after the company reported Q1 earnings results.
  • Wix.com Ltd. (NASDAQ:WIX) fell 17.3% to close at $239.68 after the company issued Q2 sales guidance below analyst estimates.
  • Lumentum Holdings Inc. (NASDAQ:LITE) dropped 16.9% to close at $68.24 after the company reported downbeat quarterly sales and issued weak Q4 outlook.
  • Praxis Precision Medicines, Inc. (NASDAQ:PRAX) fell 16.3% to close at $21.63 after the company reported a 4 million share common stock offering.
  • Revolve Group, Inc. (NASDAQ:RVLV) dropped 16.3% to settle at $41.97.
  • Aemetis, Inc. (NASDAQ:AMTX) fell 16.3% to close at $10.41 after reporting Q1 results.
  • SemiLEDs Corporation (NASDAQ:LEDS) dropped 16.1% to close at $7.40.
  • VerifyMe, Inc. (NASDAQ:VRME) fell 15.8% to settle at $3.36.
  • Bridgford Foods Corporation (NASDAQ:BRID) fell 15.1% to close at $17.60.
  • Esports Entertainment Group, Inc. (NASDAQ:GMBL) tumbled 15.1% to settle at $9.51.
  • Kiromic BioPharma, Inc. (NASDAQ:KRBP) dropped 14.9% to close at $6.06.
  • Dunxin Financial Holdings Limited (NYSE:DXF) tumbled 14.8% to close at $2.07.
  • Futu Holdings Limited (NASDAQ:FUTU) fell 14.8% to close at $109.02 amid overall market weakness.
  • InnSuites Hospitality Trust (NYSE:IHT) shares fell 14.7% to close at $5.63. The stock has been moving for several days.
  • Exagen Inc. (NASDAQ:XGN) dipped 14.7% to settle at $12.85 following Q1 earnings.
  • Hovnanian Enterprises, Inc. (NYSE:HOV) fell 14.4% to close at $109.18.
  • Paysign Inc (NASDAQ:PAYS) shares fell 13.6% to close at $3.04 after the company reported worse-than-expected Q1 results and issued weak FY21 sales guidance.
  • Graybug Vision, Inc. (NASDAQ:GRAY) dropped 13.1% to close at $4.11 after jumping 11% on Tuesday.
  • Opendoor Technologies Inc. (NASDAQ:OPEN) fell 13% to settle at $15.18 after the company reported Q1 results.
  • Bright Scholar Education Holdings Limited (NYSE:BEDU) fell 12.8% to close at $4.15 after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and announced a price target of $2.70 per share.
  • Greenland Technologies Holding Corporation (NASDAQ:GTEC) shares declined 8.8% to close at $6.96 after reporting Q1 results.
  • HF Foods Group Inc. (NASDAQ:HFFG) fell 6.8% to settle at $6.45. The company recent released Q1 results.
  • Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) fell 6.6% to close at $3.52 after the company reported Q1 results.

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DAX Resumes Slide On Inflation Worries

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(RTTNews) – German stocks fell sharply on Thursday as overnight data showing a sharp rise in U.S. consumer prices triggered concerns over whether the Federal Reserve will be forced to change its policy stance.

It is feared that an increase in inflationary pressure could derail economic recovery from the coronavirus pandemic.

Investors now await U.S. producer price data and weekly jobless claims figures, due later in the day for further insights into economic recovery and the inflation outlook.

The benchmark DAX fell 314 points, or 2.1 percent, to 14,835 after closing 0.2 percent higher in the previous session.

Automakers BMW, Daimler and Volkswagen tumbled 3-4 percent while lender Deutsche Bank lost 2.8 percent.

Tech stocks extended recent declines, with Infineon Technologies losing nearly 2 percent.

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Source: https://markets.businessinsider.com/news/stocks/dax-resumes-slide-on-inflation-worries-1030424976

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