The Board Neutrality and Breakthrough Rules in Europe - A Case for Reform

The Board Neutrality and Breakthrough rules as found in the European Takeover Bids Directive were intended to be cornerstones of a harmonised European takeover regime. However, both lost a great deal of significance after being rendered optional, due to a late-stage political compromise. This thesis undertakes an economic assessment in order to ascertain whether the current rules represent an optimal solution for European companies. This is married with a historical evaluation in an attempt to consider reforms which are both economically positive and politically viable. The evidence produced favours suggestions that the Board Neutrality rule should remain optional, while altering the 'opt-out' system. However there is little economic justification for the European Breakthrough rule as it currently stands

Case Study In Operations Management

  This case study is conducted within the context of the Theory of Constraints. The field research reported in this document contains information specific to the telecommunications industry. An examination of the history, organization design, problems and solutions for one telecommunications company are undertaken from the perspective of academic work in the Theory of Constraints. The information included in this document was developed through interviews with four senior managers including the President, the Chief Technology Officer, a Vice President and a department manager. Their responses were the basis of identifying problems and undesirable effects. The undesirable effects were diagramed in six UDE clouds dealing with the following issues: 1- unclear vision from management to employees; 2- supplier; 3- market; 4- the price and regulation environment; 5- production; and 6- bureaucracy. These undesirable effects were logically examined until a single cloud depicting the core conflict was found. This core conflict is the company cannot simultaneously choose to make money over time through both conducting business as usual, and through means that are adapted to the environment and customer needs. Solutions tried to date by the company are explained. These solutions are reviewed from both and internal and external perspective. Alternative solutions are examined, as are obstacles to reaching the desired state. The case concludes with thoughts on the future desired state

Modelling pinniped abundance and distribution by combining counts at T terrestrial sites and in-water sightings

Pinnipeds are commonly monitored using aerial photographic surveys at land- or ice-based sites, where animals come ashore for resting, pupping, molting, and to avoid predators. Although these counts form the basis for monitoring population change over time, they do not provide information regarding where animals occur in the water, which is often of management and conservation interest. In this study, we developed a hierarchical model that links counts of pinnipeds at terrestrial sites to sightings-at-sea and estimates abundance, spatial distribution, and the proportion of time spent on land (attendance probability). The structure of the model also allows for the inclusion of predictors that may explain variation in ecological and observation processes. We applied the model to Steller sea lions (Eumetopias jubatus) in Glacier Bay, Alaska using counts of sea lions from aerial photographic surveys and opportunistic in-water sightings from vessel surveys. Glacier Bay provided an ideal test and application of the model because data are available on attendance probability based on long-term monitoring. We found that occurrence in the water was positively related to proximity to terrestrial sites, as would be expected for a species that engages in central-place foraging. The proportion of sea lions in attendance at terrestrial sites and overall abundance estimates were consistent with reports from the literature and monitoring programs. The model we describe has benefit and utility for park managers who wish to better understand the overlap between pinnipeds and visitors, and the framework that we present has potential for application across a variety of study systems and taxa

The age of chocolate: A diversification history of Theobroma and Malvaceae

Dated molecular phylogenies of broadly distributed lineages can help to compare patterns of diversification in different parts of the world. An explanation for greater Neotropical diversity compared to other parts of the tropics is that it was an accident of the Andean orogeny. Using dated phylogenies, of chloroplast ndhF and nuclear DNA WRKY sequence datasets, generated using BEAST we demonstrate that the diversification of the genera Theobroma and Herrania occurred from 12.7 (11.6-14.9 [95% HPD]) million years ago (Ma) and thus coincided with Andean uplift from the mid-Miocene and that this lineage had a faster diversification rate than other major clades in Malvaceae. We also demonstrate that Theobroma cacao, the source of chocolate, diverged from its most recent common ancestor 9.9 (7.7-12.9 [95% HPD]) Ma, in the mid-to late-Miocene, suggesting that this economically important species has had ample time to generate significant within-species genetic diversity that is useful information for a developing chocolate industry. In addition, we address questions related to the latitudinal gradient in species diversity within Malvaceae. A faster diversification rate is an explanation for the greater species diversity at lower latitudes. Alternatively, tropical conditions may have existed for longer and occupied greater areas than temperate ones meaning that tropical lineages have had more time and space in which to diversify. Our dated molecular phylogeny of Malvaceae demonstrated that at least one temperate lineage within the family diverged from tropical ancestors then diversified at a rate comparable with many tropical lineages in the family. These results are consistent with the hypothesis that Malvaceae are more species rich in the tropics because tropical lineages within the family have existed for longer and occupied more space than temperate ones, and not because of differences in diversification rate. © 2015 Richardson, Whitlock, Meerow and Madriñán

Flexible use of a dynamic energy landscape buffers a marine predator against extreme climate variability

Animal migrations track predictable seasonal patterns of resource availability and suitable thermal habitat. As climate change alters this 'energy landscape', some migratory species may struggle to adapt. We examined how climate variability influences movements, thermal habitat selection and energy intake by juvenile Pacific bluefin tuna (Thunnus orientalis) during seasonal foraging migrations in the California Current. We tracked 242 tuna across 15 years (2002-2016) with high-resolution archival tags, estimating their daily energy intake via abdominal warming associated with digestion (the 'heat increment of feeding'). The poleward extent of foraging migrations was flexible in response to climate variability, allowing tuna to track poleward displacements of thermal habitat where their standard metabolic rates were minimized. During a marine heatwave that saw temperature anomalies of up to +2.5 degrees C in the California Current, spatially explicit energy intake by tuna was approximately 15% lower than average. However, by shifting their mean seasonal migration approximately 900 km poleward, tuna remained in waters within their optimal temperature range and increased their energy intake. Our findings illustrate how tradeoffs between physiology and prey availability structure migration in a highly mobile vertebrate, and suggest that flexible migration strategies can buffer animals against energetic costs associated with climate variability and change

C-Reactive Protein and the Disease Analog Model May Identify Predisposed Pre-Obese African-American Women

While the obesity rate in the Unites States has been reported to have hit a plateau, the overall percentage of obese Americans remains alarmingly high (27% self-reported, 33% population estimate). While the subgroup with the highest 2010 obesity rate is Black, non-Hispanic women (41.9%), there remains a disparity in the research with regards to this population group. The implication of an elevated obese population puts a strain on health care, overall quality of life, and is associated with a number of other co-morbidities. Given this background, pilot work to evaluate a disease analog model for obesity would be useful with the potential for identifying seemingly normal-weight individuals who are most susceptible to developing obesity

Effect of Kisspeptin on Regulation of Growth Hormone

Kisspeptin ( KP ), a neuroendocrine regulator of reproduction, is hypothesized to be an integrator of metabolism and hormones critical to the regulation of reproduction. Lactation is associated with enhanced growth hormone (GH) responsiveness and reduced fertility. Our study was designed to determine the effects of lactation on KP-stimulated GH and luteinizing hormone (LH) secretion. Five non-lactating and five lactating dairy cows were used in the study. Experiments were conducted with lactating cows at weeks 1, 5 and 11 after parturition. The experimental treatments ( saline and KP [100 and 400 pmol / kg body weight]) were given intravenously and blood was collected and plasma was stored until later assay to determine concentrations of GH, LH, progesterone and non-esterified fatty acids. We found that neither dose of KP stimulated an increase in GH secretion. The low dose of KP increased (P \u3c0. 05) LH concentrations only in lactating cows. The higher dose of KP elicited an increase in circulating LH concentrations in both lactating and non-lactating cows. The lower dose of KP increased (P \u3c 0. 05) the area under the curve for LH only in cows during week 5 of lactation, and the area under the curve of LH following the highest dose of KP was greater (P \u3c 0. 05) in cows during week 5 of lactation than that for the other groups of cows. In summary, lactation status and stage of lactation did not change the sensitivity of the GH system to KP. However, an effect of stage of lactation on KP-stimulated LH secretion was detected in the dairy cows. Study of the KP system during lactation in dairy cows may provide critical insights into the mechanisms for lactation associated changes in the reproductive axis

Dabrafenib, alone or in combination with trametinib, in BRAF V600–mutated pediatric Langerhans cell histiocytosis

Langerhans cell histiocytosis (LCH) is a rare, heterogenous, neoplastic disorder primarily affecting children. BRAF mutations have been reported in >50% of patients with LCH. The selective BRAF inhibitor, dabrafenib, in combination with the MEK1/2 inhibitor, trametinib, has been approved in select BRAF V600–mutant solid tumors. Two open-label phase 1/2 studies were conducted in pediatric patients with BRAF V600–mutant, recurrent/refractory malignancies treated with dabrafenib monotherapy (CDRB436A2102; NCT01677741) or dabrafenib plus trametinib (CTMT212X2101; NCT02124772). The primary objectives of both studies were to determine safe and tolerable doses that achieve similar exposure to the approved doses for adults. Secondary objectives included safety, tolerability, and preliminary antitumor activity. Thirteen and 12 patients with BRAF V600–mutant LCH received dabrafenib monotherapy and in combination with trametinib, respectively. Investigator-assessed objective response rates per Histiocyte Society criteria were 76.9% (95% confidence interval [CI], 46.2-95.0) and 58.3% (95% CI, 27.7-84.8) in the monotherapy and combination studies, respectively. More than 90% of responses were ongoing at study completion. The most common treatment-related adverse events (AEs) were vomiting and increased blood creatinine with monotherapy and pyrexia, diarrhea, dry skin, decreased neutrophil count, and vomiting with combination therapy. Two patients each discontinued treatment with monotherapy and combination therapy because of AEs. Overall, dabrafenib monotherapy or in combination with trametinib demonstrated clinical efficacy and manageable toxicity in relapsed/refractory BRAF V600–mutant pediatric LCH, with most responses ongoing. Safety was consistent with that reported in other pediatric and adult conditions treated with dabrafenib plus trametinib

A Global Perspective: NASA's Prediction of Worldwide Energy Resources (POWER) Project

The Prediction of the Worldwide Energy Resources (POWER) Project, initiated under the NASA Science Mission Directorate Applied Science Energy Management Program, synthesizes and analyzes data on a global scale that are invaluable to the renewable energy industries, especially to the solar and wind energy sectors. The POWER project derives its data primarily from NASA's World Climate Research Programme (WCRP)/Global Energy and Water cycle Experiment (GEWEX) Surface Radiation Budget (SRB) project (Version 2.9) and the Global Modeling and Assimilation Office (GMAO) Goddard Earth Observing System (GEOS) assimilation model (Version 4). The latest development of the NASA POWER Project and its plans for the future are presented in this paper