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Carson Group Projects Solid Economic Expansion and Low Recession Risk for Remainder of 2024

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2024 Midyear Outlook estimates two rate cuts and a 17-20 percent total return for the S&P 500 

OMAHA, Neb., July 9, 2024 /PRNewswire/ — Carson Group released its 2024 Midyear Outlook, “Eyes on the Prize.” The investments research team forecasts an economy that continues to see a solid rate of expansion as a result of strong jobs growth and robust consumer balance sheets. As the research shows, investors are still well-positioned to take advantage of a young bull market ripe with potential and buoyed by strong earnings growth and profit margins, a resilient consumer and easing inflation.

“The data simply does not support the doom-and-gloom forecasts and headlines we’ve seen.”

“The data simply does not support the doom-and-gloom forecasts and headlines we’ve seen. The resilience of the U.S. economy is not to be underestimated,” commented Ryan Detrick, CMT, Chief Market Strategist at Carson Group. “We were one of the few places who expected no recession last year and advised investors that stocks would perform well. Now, 18 months later, we still have many positives, thanks to strong consumer balance sheets, healthy corporate profits and likely a more dovish Fed.”

The Carson Group Investment team believes inflation will continue to fall and the Federal Reserve will begin cutting rates by September, with a base case of two cuts in 2024.

“Earnings growth will continue to reinforce this young bull market while economic strength will support cyclical stocks. The combination of strong business growth and a resilient economy will create a wealth of opportunities for investors moving forward,” explained Sonu Varghese, Ph.D., Vice President, Global Macro Strategist at Carson Group.

Additional takeaways from the midyear outlook include:

Carson remains overweight stocks relative to bonds, with a focus on the U.S.: A potential major driver for stocks during the second half of this year will be an improvement in inflation, which likely will lead to two cuts from the Federal Reserve this year. This should be a boost to both small and midcaps, areas where Carson remains overweight.Globally, Carson Group is more neutral on developed markets outside the U.S. and remains underweight in emerging markets (mainly due to China).Industrials and financials are ripe for continued strength after a nice start to 2024. These cyclical areas will benefit from broadening sector leadership.Separate political beliefs from investments. So far, 2024 is playing out like other election years under a first-term President, with nice gains. The S&P 500 was higher the past 10 times a president was up for re-election, and this year is following the trend.

Carson Group Investment Research believes in strategic long-term decision making. It’s important when making tactical investing decisions to first, do no harm. The midyear outlook is a general guide for investors to help them achieve their long-term financial goals and focus on the real prize—living a life of freedom and purpose.

Visit https://www.carsongroup.com/economic-outlook/ to download the 2024 Midyear Outlook and to RSVP for an online event on Tuesday, July 16 at 1 p.m. CT, where Ryan Detrick and Sonu Varghese will dive into what advisors can expect for the rest of 2024.  

About Carson Group
Founded in 1983 by Ron Carson and headquartered in Omaha, Nebraska, Carson Group serves financial advisors and investors through its three businesses — Carson WealthCarson Coaching and Carson Partners. Carson Group has created an ecosystem dedicated to helping financial advisors unleash the full potential of their firms by providing marketing, compliance, technology, investment strategies, succession planning, M&A support, and coaching. The company currently manages $36 billion* in AUM and serves more than 50,000 families among its advisor network of 150+ partner offices, including 50+ Carson Wealth locations. For more information, visit www.carsongroup.com

*Combined AUM of CWM, LLC and NWCM.

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SOURCE Carson Group

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Odense University Hospital selects RayStation

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STOCKHOLM, April 25, 2025 /PRNewswire/ — RaySearch Laboratories AB (publ) announces that Odense University Hospital (OUH), which is part of the South Denmark Region, has placed an order for RayStation®*.

The radiotherapy center at OUH is known for being at the forefront of automated solutions to provide high-quality care in an efficient way, including the ability to automatically generate treatment plans.

With the introduction of RayStation, the clinic is now taking the next step by further developing automation to cover all aspects of the treatment planning process-from initial planning to finalized treatment plans. RayStation was chosen after an extensive evaluation of the market, where the decisive factor was to find a system that would enable OUH to continue developing new automated methods.

RaySearch has had a strong focus on automation for a long time. RayStation offers several approaches for automated planning, both using machine learning techniques but also more conventional automated planning algorithms. In the upcoming version of RayStation, a new algorithm for automated optimization, which is still under development and led by Memorial Sloan Kettering Cancer Center in the US, will be included. The objective of the implementation project at Odense’s radiotherapy center is to analyze the advantages of different auto-planning approaches and to clinically apply the approach that is best suited for each tumor site.

Henrik Robenhagen Jensen, Chief Physicist, Odense University Hospital: “Odense University Hospital has long been dedicated to enhancing the quality of treatment planning, with a strong research focus on improving outcomes for cancer patients through state-of-the-art radiotherapy technologies. We are excited to begin our collaboration with RaySearch, which we see as a significant step forward. This partnership holds great promise for advancing automated treatment planning, with a clear emphasis on quality, efficiency, and the optimal use of clinical resources.”

Johan Löf, founder and CEO, RaySearch: “We have long been committed to increasing the degree of automation in RayStation. We are therefore particularly pleased that Odense University Hospital has chosen RayStation primarily based on this functionality. I am convinced that we will meet the center’s requirements for automation and look forward to their feedback and a fruitful cooperation.”

The order value is DKK 10.5 million (approximately SEK 15.4 million), excluding service contract, of which the majority will be recognized as revenue in the first quarter of 2025.

* Subject to regulatory clearance in some markets.

For more information, please contact:

Johan Löf, founder and CEO, RaySearch Laboratories AB (publ)
Telephone: +46 (0) 8 510 530 00
johan.lof@raysearchlabs.com 

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SOURCE RaySearch Laboratories

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DeepRoute.ai and Volcano Engine Partner to Accelerate AI-Driven Vehicle Innovation

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SHANGHAI, April 25, 2025 /PRNewswire/ — DeepRoute.ai, a pioneer in developing and deploying end-to-end smart driving solutions, today announced a partnership with Volcano Engine, a cloud and AI service platform, during Auto Shanghai 2025.

The two companies will collaborate to accelerate the development of AI vehicles by integrating advanced large language models, smart driving systems, and cloud computing infrastructure. As part of the partnership, Volcano Engine will provide high-performance computing support to DeepRoute.ai, boosting training efficiency for the Vision-Language-Action (VLA) model evolution.

“Computing power, data, and algorithms are the three engines behind VLA’s evolution,” said Maxwell Zhou, CEO of DeepRoute.ai. “With enhanced compute from Volcano Engine and our closed-loop data system, we are accelerating iteration. Algorithm innovation remains our core strength.”

Designed for versatility, DeepRoute.ai VLA model supports both camera-only solution and LiDAR-camera fusion configurations, compatible with various automotive computing platforms. Multiple AI vehicle models integrated with DeepRoute.ai’s VLA model are set to release in 2025.

Liwei Yang, General Manager of Volcano Engine Automotive and Head of the Institute of Intelligent Mobility and Embodied AI, also expressed his confidence in the collaboration and strong anticipation for DeepRoute.ai’s VLA model to enter the market soon.

This advanced system excels in long-context understanding, analyzing driving scenarios over extended time frames of up to dozen seconds. It provides step-by-step explanations of its decision-making process, offering insights into its surroundings, predictions and planned actions. By enhancing both performance and transparency, the VLA model fosters greater trust in smart driving technology.

“To reach full autonomy, AI systems must evolve like human intelligence — from generalists to specialists,” Zhou added. “VLA is the generalist foundation of smart driving and stands as one of the most promising paths toward fully autonomous driving.”

At Auto Shanghai 2025, DeepRoute.ai is showcasing its latest smart driving advancements, the VLA model and RoadAGI strategy at exhibition booth 8BD012. CEO Maxwell Zhou is also attending the panel on the stage, sharing insights into the company’s vision for expanding AI-driven mobility.

About DeepRoute.ai

DeepRoute.ai is an artificial intelligence company dedicated to the research, development and application of smart driving solutions. Being the first to develop production-ready smart driving solutions and a pioneer in deploying end-to-end architecture, DeepRotue.ai aims to create artificial general intelligence in robotics through mass-produced passenger vehicles.

DeepRoute.ai is headquartered in Shenzhen, with offices in Beijing and Fremont, California. For more information, visit deeproute.ai, follow DeepRoute.ai on LinkedIn, and X, and subscribe to DeepRoute.ai on YouTube.

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SOURCE DeepRoute.ai

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Earth Day 2025: POWERCHINA Powers the Planet by Advancing Global Water Sustainability, Environmental Protection, and Livelihoods

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BEIJING, April 25, 2025 /PRNewswire/ — Power Construction Corporation of China (“POWERCHINA” or “the Company”) is helping to power the planet this Earth Day 2025, themed Our Power, Our Planet™. The Company has advanced sustainable development goals and clean resource supply through global water resource projects. From the world’s largest reverse osmosis desalination plant in the Middle East to water conservation initiatives in Angola and Benin that improve livelihoods, POWERCHINA is taking action to support global water security and environmental protection.

The Taweelah Desalination Plant, located along the Arabian Gulf coastline about 50 kilometers northeast of Abu Dhabi City, is the world’s largest reverse osmosis desalination project. Producing 900,000 tons (200 million gallons) of fresh water daily, it supplies nearly two million residents, easing water shortages in the UAE. The project plays a crucial role in supporting local economic and social development while standing as a model for China-UAE cooperation.POWERCHINA has actively supported the UAE Water Security Strategy 2036, which aims to ensure a sustainable water supply in both normal and emergency conditions.

In early March, the groundbreaking ceremony was held for thePOWERCHINA-built 400-hectare Ouinhi Irrigation Project in Benin, a key initiative aimed at improving agricultural productivity. The project includes land leveling, road repairs, water supply pipelines, irrigation and drainage networks, pump stations, reservoirs, and agricultural equipment storage. This project marks a major step forward in Benin’s agricultural development, addressing water shortages during the dry season and boosting drought resistance and crop yields. It will also enhance agricultural infrastructure, creating better production conditions for local farmers and improving their livelihoods.Benin’s Minister of Agriculture, Livestock and Fisheries, Gaston Cossi Doussouhoui, emphasized at the ceremony that the Wessi Irrigation Project will significantly increase the country’s irrigation capacity, mitigate the effects of the dry season, and foster sustainable agricultural growth. The mayor of Quinhi, Jonas Babatoundé HOUESSOU noted that the irrigation system will improve crop yields, enhance the lives of farmers, and contribute to increased food production and economic development.

In early March, POWERCHINA and Angola’s Ministry of Water Resources and Energy inked several agreements aimed at drought relief initiatives in Huila Province. Concentrating on enhancing water infrastructure, ensuring water supply, and rehabilitating reservoirs, these projects notably encompass the construction of an earth-rock fill dam with a storage capacity of 89 million cubic meters, a water treatment facility capable of processing 40,000 cubic meters per day, as well as the installation of water pipelines and pumping stations. Since entering Angola, POWERCHINA has helped improve local livelihoods and drive sustainable growth, strengthening its leadership in water and infrastructure while reaffirming its role as a trusted long-term partner in the country’s development journey.

As the world focuses on Earth Day 2025, POWERCHINA is turning its commitment into action, bringing the event’s theme to life through sustainable water resource projects. By linking a greener future with global livelihoods, the Company is contributing innovative solutions and fostering international cooperation to help build a more sustainable and equitable world.

Video – https://mma.prnewswire.com/media/2669689/2c480e65fec4ebc7676a9f9d6973a461.mp4

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