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Wipro Limited to announce results for the fourth quarter and year ended March 31, 2024, on April 19, 2024

EAST BRUNSWICK, N.J. & BANGALORE, India — (BUSINESS WIRE) — $WIPRO #DigitalTransformation — Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) a leading technology services and consulting company, will announce results for the fourth quarter and year ended March 31, 2024, on Friday, April 19, 2024, after stock market trading hours in India.

 

The results will be available in the Investors section of the company’s website at www.wipro.com/investors/

 

At 7 p.m. IST* (9:30 a.m. U.S. ET) following the results announcement, the senior management will discuss the company’s performance for the quarter and answer questions sent by 6:30 p.m. IST* (9 a.m. U.S. ET) to: dipak.bohra@wipro.com or abhishek.jain2@wipro.com

 

The audio from the conference call will be available online through a webcast and can be accessed at https://links.ccwebcast.com/?EventId=WIP190424

 

Dial-in details for the conference call are as below

 

Time

7 p.m. – IST* (9:30 a.m. – ET#)

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Please dial any of the above numbers five to ten minutes ahead of schedule. The operator will provide instructions on asking questions before and during the call.

 

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Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 240,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

 

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

 

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Contacts

Dipak Bohra

+91 80 61427201

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Cinecittà chief Nicola Maccanico on turning a profit despite Hollywood strikes and prospects for Italy’s new tax rebates

Italy’s Cinecittà Studios, which have been undergoing a radical overhaul since 2021, recently released their fiscal 2023 results, which saw the Rome-based facilities turn a profit for the second year in a row after bleeding red ink for years.

 

The iconic studios are being managed by Nicola Maccanico, a former Warner Bros. and Sky Italia senior exec who last year lured big shoots such as Roland Emmerich’s gladiator series “Those About to Die” starring Anthony Hopkins and Netflix’s period soap “The Decameron” to the government-run “City of Cinema.”

 

Last year, the studios were able to maintain a 70% occupancy level despite the impact of the Hollywood strikes and are on track to keep that level this year with several big Hollywood shoots coming soon, though NDAs are keeping details under wraps.

 

Below, Maccanico speaks to Variety about how he’s navigating Cinecittà’s revamp and what the prospects are going forward.

 

The studios’ profit margin is on a par with last year. Where is the growth?

We managed to grow 20% in terms of turnover [that in 2023 was €46.8 ($50.5 million)], which then generated the €1.8 million profit in a year marked by the writers’ and actors’ strikes in the United States. That, in my opinion, is an unequivocal confirmation of Cinecittà’s new positioning. While in 2022 lots of great things happened that could have been considered a one-off, in 2023 we confirmed, under very different circumstances, that Cinecittà is now a well-established player in the global market. The studios are now able to land productions of different sizes with continuity. Cinecittà, thanks to its refurbished facilities and services, can systematically attract large national and international productions again. We’ve made sure that this now publicly-owned company is standing on its own two feet. The fiscal 2023 results are a full-fledged confirmation of this and now we can grow further thanks to investments linked to the PNR [EU Pandemic Recovery Fund] with even greater confidence because it’s clear at this point that we need more soundstage space and more services.

 

How are the new soundstages coming along?

The first news on the horizon, linked to the fiscal 2023 results, is that having reached our 2023 target, we are now building new theaters. So the PNR funding is turning into reality. The investment plan has become operational and the planned construction sites are now active. In other words, in June 2023, having hit our growth target – which in turn activated financing – we launched tenders to build new facilities, and since March 2023 we have opened nine construction sites. By 2026, we will have five new soundstages and an added 12,000 square meters (129,000 square feet) of production capacity. This will allow Cinecittà to take a leap forward and lock in more international partnerships.

 

Close to half of Cinecittà’s turnover is generated by the studios’ art and production design department. What’s your take on that?

During the first year of the studios’ re-launch, the art and set construction department generated about €2.5 million. Then last year, they reached revenues of almost €19 million, and this year they made more than €22 million. That’s an almost tenfold growth. So it’s clear that the occupancy of our soundstages is largely linked to the quality of the production services we offer, and the Cinecittà art department really stands out thanks to our in-house staff and our many partners. I also want to point out that our new LED wall in Theater 18 has become a fundamental asset for Cinecittà because it puts us at the technological forefront. Since we inaugurated it in June 2022, it’s been occupied for more than 300 days by directors including Roland Emmerich, Joe Wright, Angelina Jolie and young Italian auteur Pietro Castellitto. This stands as testimony to the fact that this is a tool that’s available to everyone and, just as importantly, can generate enormous value for a film studio.

 

Read More

 

 

— Variety (EXCLUSIVE)

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US FDA approves Bristol Myers Squibb and 2seventy bio’s Abecma for triple-class exposed relapsed or refractory multiple myeloma after two prior lines of therapy

Abecma tripled progression-free survival compared tostandard regimens in the Phase 3 KarMMa-3 trial, with a 51% reduction in risk of disease progression or death and a well-established safety profile

Expanded approval brings this personalized CAR T cell therapy to more patients with relapsed or refractory multiple myeloma earlier in their treatment journey as a one-time infusion offering meaningful treatment-free intervals when responding to therapy

Abecma is now approved in the U.S., Japan, Switzerland and the EU for earlier use for triple-class exposed relapsed and/or refractory multiple myeloma, underscoring BMS’ commitment to delivering Abecma globally, with consistently high manufacturing success rates and continuous increases in capacity

 

PRINCETON, N.J., & CAMBRIDGE, Mass. — (BUSINESS WIRE) — $BMY #CARTBristol Myers Squibb (NYSE: BMY) and 2seventy bio, Inc. (Nasdaq: TSVT) have announced that on April 4, 2024, the U.S. Food and Drug Administration (FDA) approved Abecma®(idecabtagene vicleucel; ide-cel) for the treatment of adult patients with relapsed or refractory multiple myeloma after two or more prior lines of therapy including an immunomodulatory agent (IMiD), a proteasome inhibitor (PI), and an anti-CD38 monoclonal antibody, based on results from the KarMMa-3 trial.

 

This approval expands Abecma’s indication, making it available in earlier lines to patients who have relapsed or become refractory after exposure to these three main classes of treatment (triple-class exposed), after two prior lines of therapy. Abecma is administered as a one-time infusion, with a new recommended dose range of 300 to 510 x 106 CAR-positive T cells. Please see the Important Safety Information section below, including Boxed WARNINGS for Abecma regarding Cytokine Release Syndrome, Neurologic Toxicities, Hemophagocytic Lymphohistiocytosis/Macrophage Activation Syndrome, Prolonged Cytopenia, and Secondary Hematological Malignancies.

 

Abecma has demonstrated a progression-free survival benefit three times that of standard regimens in relapsed or refractory multiple myeloma, and we are now bringing the promise of cell therapy to patients earlier in their treatment journey,” said Bryan Campbell, senior vice president, Head of Commercial, Cell Therapy, Bristol Myers Squibb. “This approval underpins our commitment to addressing the unmet needs of more patients living with multiple myeloma by improving upon the current treatment paradigm, and we remain steadfast in our pursuit of innovation and advancing cell therapy research to deliver potentially transformative therapies.”


“We are extremely pleased that Abecma will be available to many more patients in the U.S.,” said Chip Baird, chief executive officer, 2seventy bio. “This approval represents another important milestone for patients, for Abecma, and for 2seventy bio as we remain committed to increasing treatment options and working to improve outcomes for patients living with multiple myeloma.”

 

 

Despite advances in treatment, multiple myeloma remains an incurable disease characterized by periods of remission and relapse. In early lines of treatment, regimens consisting of combinations of IMiDs, PIs, and anti-CD38 monoclonal antibodies are often used to help manage the disease. Unfortunately, as many patients go on to relapse and/or become refractory to these classes of therapy, more patients are becoming triple-class exposed earlier in their treatment journey. There are limited options for these patients, and triple-class exposed relapsed and/or refractory multiple myeloma is associated with poor outcomes and a median progression-free survival (PFS) of three to five months. In this patient population with high unmet need, Abecma has demonstrated clinically meaningful and statistically significant improvements in PFS (95% CI: 13.3 months vs. 4.4 months [HR: 0.49; p<0.0001]). In addition, Abecma exhibited a well-established safety profile with mostly low-grade cytokine release syndrome and neurotoxicity. No cases of Parkinsonism were reported in the study.

 

“The results of the KarMMa-3 study are remarkable, especially given the historic outcomes with standard regimens for these patients with relapsed or refractory disease,” said Al-Ola A. Abdallah, M.D., University of Kansas, Clinical Associate Professor, Clinical Director, Hematologic Malignancies and Cellular Therapeutics and chair of U.S. Myeloma Innovations Research Collaborative. “With this approval, these patients now have an opportunity to be treated at an earlier line of therapy with a potentially transformative therapy that offers significantly improved progression-free survival for this difficult-to-treat disease that has had no established treatment approach.”

 

To support this approval and future expansions, Bristol Myers Squibb has made continuous investments to increase manufacturing capacity and has shown a consistently high manufacturing success rate of 94% for Abecma in the commercial setting.

 

Abecma was recently approved in Japan, Switzerland and the European Union for adult patients with triple-class exposed relapsed and/or refractory multiple myeloma after two prior lines of therapy, making it the only CAR T cell therapy available globally for earlier lines of therapy for patients with triple-class exposed relapsed and/or refractory multiple myeloma. Abecma is also currently approved in Great Britain and Israel for adult patients with triple-class exposed relapsed and refractory multiple myeloma after three or more prior lines of therapy.

 

KarMMa-3 Pivotal Trial Results

The KarMMa-3 trial is a pivotal, Phase 3, open-label, global, randomized, controlled trial evaluating Abecma compared to standard regimens in patients with relapsed and refractory multiple myeloma who have received two to four prior lines of treatment, including an immunomodulatory agent, a proteasome inhibitor, and an anti-CD38 antibody, and were refractory to the last treatment regimen, with 94% of patients with disease refractory to prior treatment with daratumumab. KarMMa-3 is the only Phase 3 trial to evaluate a CAR T cell therapy in a patient population consisting entirely of triple-class exposed relapsed and refractory multiple myeloma patients. The trial’s patient-centric design allowed for crossover from standard regimens to Abecma upon confirmed disease progression. At the time of the final progression-free survival (PFS) analysis, more than half (56%) of patients in the standard regimens arm crossed over to receive Abecma as a subsequent therapy.

 

In the study, 254 patients were randomized to receive Abecma and 132 were randomized to receive standard regimens that consisted of combinations that included daratumumab, pomalidomide, and dexamethasone (DPd), daratumumab, bortezomib, and dexamethasone (DVd), ixazomib, lenalidomide, and dexamethasone (IRd), carfilzomib and dexamethasone (Kd) or elotuzumab, pomalidomide and dexamethasone (EPd) chosen based on their most recent treatment regimen and investigator discretion. In the Abecma arm, pretreatment consisted of leukapheresis and optional bridging therapy. The choice to use bridging therapy was at the discretion of the investigator.

 

At an estimated median duration of follow-up of 15.9 months at the primary PFS analysis, Abecma more than tripled the primary endpoint of PFS compared with standard regimens, with a median PFS of 13.3 months (95% CI: 11.8-16.1) vs. 4.4 months (95% CI: 3.4-5.9), respectively (HR:0.49; 95% CI: 0.38-0.64; p<0.0001), representing a 51% reduction in the risk of disease progression or death with Abecma. Abecma also showed a significant improvement in overall response rates (p<0.0001) with the majority (71%) of patients treated with Abecma achieving a response, and 39% achieving a complete or stringent complete response. In comparison, less than half of patients (42%) who received standard regimens achieved a response, with 5% experiencing a complete response or stringent complete response. Responses were durable with Abecma, with a median duration of response of 14.8 months (95% CI: 12.0-18.6). In those patients who derived a complete response or better, median duration of response was 20 months (95% CI: 15.8-24.3).

 

Abecma has exhibited a well-established and consistent safety profile with mostly low-grade cytokine release syndrome (CRS) and neurotoxicity. Among patients who received Abecma in the KarMMa and KarMMa-3 studies (n=349), any grade CRS occurred in 89% of patients, including Grade >3 CRS in 7% of patients, and three cases (0.9%) of Grade 5 CRS reported. The median time to onset of CRS was 1 day (range: 1-27 days), and the median duration of CRS was 5 days (range: 1-63 days). Any grade neurotoxicity occurred in 40% of patients treated with Abecma in the KarMMa and KarMMa-3 studies, including Grade 3 neurotoxicity in 4% of patients, and two cases (0.6%) of Grade 4 neurotoxicity reported. At the safety update for KarMMa-3, one case of Grade 5 neurotoxicity was reported. The median time to onset of neurotoxicity was 2 days (range: 1-148 days), and the median duration of neurotoxicity was 8 days (range: 1-720 days).

 

About Abecma

Abecma is a CAR T cell therapy that recognizes and binds to BCMA on the surface of multiple myeloma cells leading to CAR T cell proliferation, cytokine secretion, and subsequent cytolytic killing of BCMA-expressing cells. Abecma is being jointly developed and commercialized in the U.S. as part of a Co-Development, Co-Promotion, and Profit Share Agreement between Bristol Myers Squibb and 2seventy bio.

 

This approval further underscores Bristol Myers Squibb’s deep knowledge and experience in cell therapy science and continued clinical advancements for multiple myeloma patients. The companies’ broad clinical development program for Abecma includes ongoing and planned clinical studies (KarMMa-2, KarMMa-3, KarMMa-9) for patients with multiple myeloma. For more information visit clinicaltrials.gov.

 

U.S. Important Safety Information

BOXED WARNING: CYTOKINE RELEASE SYNDROME, NEUROLOGIC TOXICITIES, HLH/MAS, PROLONGED CYTOPENIA and SECONDARY HEMATOLOGICAL MALIGNANCIES

  • Cytokine Release Syndrome (CRS), including fatal or life-threatening reactions, occurred in patients following treatment with ABECMA. Do not administer ABECMA to patients with active infection or inflammatory disorders. Treat severe or life-threatening CRS with tocilizumab or tocilizumab and corticosteroids.
  • Neurologic Toxicities, which may be severe or life-threatening, occurred following treatment with ABECMA, including concurrently with CRS, after CRS resolution, or in the absence of CRS. Monitor for neurologic events after treatment with ABECMA. Provide supportive care and/or corticosteroids as needed.
  • Hemophagocytic Lymphohistiocytosis/Macrophage Activation Syndrome (HLH/MAS) including fatal and life-threatening reactions, occurred in patients following treatment with ABECMA. HLH/MAS can occur with CRS or neurologic toxicities.
  • Prolonged Cytopenia with bleeding and infection, including fatal outcomes following stem cell transplantation for hematopoietic recovery, occurred following treatment with ABECMA.
  • T cell malignancies have occurred following treatment of hematologic malignancies with BCMA- and CD19-directed genetically modified autologous T cell immunotherapies, including ABECMA
  • ABECMA is available only through a restricted program under a Risk Evaluation and Mitigation Strategy (REMS) called the ABECMA REMS.

 

Warnings and Precautions:

Early Death: In KarMMa-3, a randomized (2:1), controlled trial, a higher proportion of patients experienced death within 9 months after randomization in the ABECMA arm (45/254; 18%) compared to the standard regimens arm (15/132; 11%). Early deaths occurred in 8% (20/254) and 0% prior to ABECMA infusion and standard regimen administration, respectively, and 10% (25/254) and 11% (15/132) after ABECMA infusion and standard regimen administration, respectively. Out of the 20 deaths that occurred prior to ABECMA infusion, 15 occurred from disease progression, 3 occurred from adverse events and 2 occurred from unknown causes. Out of the 25 deaths that occurred after ABECMA infusion, 10 occurred from disease progression, 11 occurred from adverse events, and 4 occurred from unknown causes.

 

Cytokine Release Syndrome (CRS): CRS, including fatal or life-threatening reactions, occurred following treatment with ABECMA. Among patients receiving ABECMA for relapsed refractory multiple myeloma in the KarMMa and KarMMa-3 studies (N=349), CRS occurred in 89% (310/349), including ≥ Grade 3 CRS (Lee grading system) in 7% (23/349) of patients and Grade 5 CRS in 0.9% (3/349) of patients. The median time-to-onset of CRS, any grade, was 1 day (range: 1 to 27 days), and the median duration of CRS was 5 days (range: 1 to 63 days). In the pooled studies, the rate of ≥Grade 3 CRS was 10% (7/71) for patients treated in dose range of 460 to 510 x 106 CAR-positive T cells and 5.4% (13/241) for patients treated in dose range of 300 to 460 x 106 CAR-positive T cells.

 

The most common manifestations of CRS (greater than or equal to 10%) included pyrexia (87%), hypotension (30%), tachycardia (26%), chills (19%), hypoxia (16%). Grade 3 or higher events that may be associated with CRS include hypotension, hypoxia, hyperbilirubinemia, hypofibrinogenemia, ARDS, atrial fibrillation, hepatocellular injury, metabolic acidosis, pulmonary edema, coagulopathy, renal failure, multiple organ dysfunction syndrome and HLH/MAS.

 

Identify CRS based on clinical presentation. Evaluate for and treat other causes of fever, hypoxia, and hypotension. CRS has been reported to be associated with findings of HLH/MAS, and the physiology of the syndromes may overlap. HLH/MAS is a potentially life-threatening condition. In patients with progressive symptoms of CRS or refractory CRS despite treatment, evaluate for evidence of HLH/MAS.

 

Of the 349 patients who received ABECMA in clinical trials, 226 (65%) patients received tocilizumab; 39% (135/349) received a single dose, while 26% (91/349) received more than 1 dose of tocilizumab. Overall, 24% (82/349) of patients received at least 1 dose of corticosteroids for treatment of CRS. Almost all patients who received corticosteroids for CRS also received tocilizumab. For patients treated in dose range of 460 to 510 x 106 CAR-positive T cells, 76% (54/71) of patients received tocilizumab and 35% (25/71) received at least 1 dose of corticosteroids for treatment of CRS. For patients treated in dose range of 300 to 460 x 106 CAR-positive T cells, 63% (152/241) of patients received tocilizumab and 20% (49/241) received at least 1 dose of corticosteroid for treatment of CRS.

 

Monitor patients at least daily for 7 days following ABECMA infusion at the REMS-certified healthcare facility for signs or symptoms of CRS and monitor patients for signs or symptoms of CRS for at least 4 weeks after ABECMA infusion. At the first sign of CRS, institute treatment with supportive care, tocilizumab and/or corticosteroids as indicated. Ensure that a minimum of 2 doses of tocilizumab are available prior to infusion of ABECMA. Counsel patients to seek immediate medical attention should signs or symptoms of CRS occur at any time.

 

Neurologic Toxicities: Neurologic toxicities, including immune-effector cell-associated neurotoxicity (ICANS), which may be severe or life- threatening, occurred concurrently with CRS, after CRS resolution, or in the absence of CRS following treatment with ABECMA.

 

In patients receiving ABECMA in the KarMMa and KarMMa-3 studies, CAR T cell-associated neurotoxicity occurred in 40% (139/349), including Grade 3 in 4% (14/349) and Grade 4 in 0.6% (2/349) of patients. The median time to onset of neurotoxicity was 2 days (range: 1 to 148 days). The median duration of CAR T cell-associated neurotoxicity was 8 days (range: 1 to 720 days) in all patients including those with ongoing neurologic events at the time of death or data cut off. CAR T cell-associated neurotoxicity resolved in 123 of 139 (88%) patients and median time to resolution was 5 days (range: 1 to 245 days). One-hundred and thirty four out of 349 (38%) patients with neurotoxicity had CRS. The onset of neurotoxicity during CRS was observed in 93 patients, before the onset of CRS in 12 patients, and after the CRS event in 29 patients. The rate of Grade 3 or 4 CAR T cell-associated neurotoxicity was 5.6% (4/71) and 3.7% (9/241) for patients treated in dose range of 460 to 510 x 106 CAR-positive T cells and 300 to 460 x 106 CAR-positive T cells, respectively. The most frequent (greater than or equal to 5%) manifestations of CAR T cell-associated neurotoxicity include encephalopathy (21%), headache (15%), dizziness (8%), delirium (6%), and tremor (6%).

 

At the safety update for KarMMa-3 study, one patient developed fatal neurotoxicity 43 days after ABECMA. In KarMMa, one patient had ongoing Grade 2 neurotoxicity at the time of death. Two patients had ongoing Grade 1 tremor at the time of data cutoff.

 

Cerebral edema has been associated with ABECMA in a patient in another study in multiple myeloma. Grade 3 myelitis and Grade 3 parkinsonism have occurred after treatment with ABECMA in another study in multiple myeloma.

 

Monitor patients at least daily for 7 days following ABECMA infusion at the REMS-certified healthcare facility for signs or symptoms of neurologic toxicities and monitor patients for signs or symptoms of neurologic toxicities for at least 4 weeks after ABECMA infusion and treat promptly. Rule out other causes of neurologic symptoms. Neurologic toxicity should be managed with supportive care and/or corticosteroids as needed. Counsel patients to seek immediate medical attention should signs or symptoms occur at any time.

 

Hemophagocytic Lymphohistiocytosis (HLH)/Macrophage Activation Syndrome (MAS): In patients receiving ABECMA in the KarMMa and KarMMa-3 studies, HLH/MAS occurred in 2.9% (10/349) of patients. All events of HLH/MAS had onset within 10 days of receiving ABECMA, with a median onset of 6.5 days (range: 4 to 10 days) and occurred in the setting of ongoing or worsening CRS. Five patients with HLH/MAS had overlapping neurotoxicity. The manifestations of HLH/MAS include hypotension, hypoxia, multiple organ dysfunction, renal dysfunction and cytopenia.

 

In KarMMa-3, one patient had Grade 5, two patients had Grade 4 and two patients had Grade 3 HLH/MAS. The patient with Grade 5 HLH/MAS also had Grade 5 candida sepsis and Grade 5 CRS. In another patient who died due to stroke, the Grade 4 HLH/MAS had resolved prior to death. Two cases of Grade 3 and one case of Grade 4 HLH/MAS had resolved.

 

In KarMMa, one patient treated in the 300 x 106 CAR-positive T cells dose cohort developed fatal multi-organ HLH/MAS with CRS. In another patient with fatal bronchopulmonary aspergillosis, HLH/MAS was contributory to the fatal outcome. Three cases of Grade 2 HLH/MAS resolved.

 

HLH/MAS is a potentially life-threatening condition with a high mortality rate if not recognized early and treated. Treatment of HLH/MAS should be administered per institutional guidelines.

 

ABECMA REMS: Due to the risk of CRS and neurologic toxicities, ABECMA is available only through a restricted program under a Risk Evaluation and Mitigation Strategy (REMS) called the ABECMA REMS. Further information is available at www.AbecmaREMS.com or contact Bristol-Myers Squibb at 1-866-340-7332.

 

Hypersensitivity Reactions: Allergic reactions may occur with the infusion of ABECMA. Serious hypersensitivity reactions, including anaphylaxis, may be due to dimethyl sulfoxide (DMSO) in ABECMA.

 

Infections: ABECMA should not be administered to patients with active infections or inflammatory disorders. Severe, life-threatening, or fatal infections occurred in patients after ABECMA infusion.

 

In all patients receiving ABECMA in the KarMMa and KarMMa-3 studies, infections (all grades) occurred in 61% of patients. Grade 3 or 4 infections occurred in 21% of patients. Grade 3 or 4 infections with an unspecified pathogen occurred in 12%, viral infections in 7%, bacterial infections in 4.3%, and fungal infections in 1.4% of patients. Overall, 15 patients had Grade 5 infections (4.3%); 8 patients (2.3%) with infections of pathogen unspecified, 3 patients (0.9%) with fungal infections, 3 patients (0.9%) with viral infections, and 1 patient (0.3%) with bacterial infection.

 

Monitor patients for signs and symptoms of infection before and after ABECMA infusion and treat appropriately. Administer prophylactic, pre-emptive, and/or therapeutic antimicrobials according to standard institutional guidelines.

 

Febrile neutropenia was observed in 38% (133/349) of patients after ABECMA infusion and may be concurrent with CRS. In the event of febrile neutropenia, evaluate for infection and manage with broad-spectrum antibiotics, fluids, and other supportive care as medically indicated.

 

Viral Reactivation: Cytomegalovirus (CMV) infection resulting in pneumonia and death has occurred following ABECMA administration. Monitor and treat for CMV reactivation in accordance with clinical guidelines. Hepatitis B virus (HBV) reactivation, in some cases resulting in fulminant hepatitis, hepatic failure, and death, can occur in patients treated with drugs directed against plasma cells. Perform screening for CMV, HBV, hepatitis C virus (HCV), and human immunodeficiency virus (HIV) in accordance with clinical guidelines before collection of cells for manufacturing. Consider antiviral therapy to prevent viral reactivation per local institutional guidelines/clinical practice.

 

Prolonged Cytopenias: In patients receiving ABECMA in the KarMMa and KarMMa-3 studies, 40% of patients (139/349) experienced prolonged Grade 3 or 4 neutropenia and 42% (145/349) experienced prolonged Grade 3 or 4 thrombocytopenia that had not resolved by Month 1 following ABECMA infusion. In 89% (123/139) of patients who recovered from Grade 3 or 4 neutropenia after Month 1, the median time to recovery from ABECMA infusion was 1.9 months. In 76% (110/145) of patients who recovered from Grade 3 or 4 thrombocytopenia, the median time to recovery was 1.9 months. Five patients underwent stem cell therapy for hematopoietic reconstitution due to prolonged cytopenia. The rate of Grade 3 or 4 thrombocytopenia was 62% (44/71) and 56% (135/241) for patients treated in dose range of 460 to 510 x 106 CAR-positive T cells and 300 to 460 x 106 CAR-positive T cells, respectively.

 

Monitor blood counts prior to and after ABECMA infusion. Manage cytopenia with myeloid growth factor and blood product transfusion support according to local institutional guidelines.

 

Hypogammaglobulinemia: In all patients receiving ABECMA in the KarMMa and KarMMa-3 studies, hypogammaglobulinemia was reported as an adverse event in 13% (46/349) of patients; laboratory IgG levels fell below 500 mg/dL after infusion in 37% (130/349) of patients treated with ABECMA.

 

Hypogammaglobulinemia either as an adverse reaction or laboratory IgG level below 500 mg/dL after infusion occurred in 45% (158/349) of patients treated with ABECMA. Forty-one percent of patients received intravenous immunoglobulin (IVIG) post-ABECMA for serum IgG <400 mg/dL.

 

Monitor immunoglobulin levels after treatment with ABECMA and administer IVIG for IgG <400 mg/dl. Manage appropriately per local institutional guidelines, including infection precautions and antibiotic or antiviral prophylaxis.

 

Use of Live Vaccines: The safety of immunization with live viral vaccines during or after ABECMA treatment has not been studied.

Contacts

Bristol Myers Squibb

Media Inquiries:
media@bms.com

Investors:
investor.relations@bms.com

2seventy bio

Investors:

Elizabeth Pingpank

860-463-0469

elizabeth.pingpank@2seventybio.com

Media:

Jenn Snyder

617-448-0281

jenn.snyder@2seventybio.com

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Pearson accelerates and increases the development of AI learning content to meet growing demand from students and professionals

HOBOKEN, N.J. — (BUSINESS WIRE) — As Generative AI rapidly evolves and demand soars for AI-related skills, Pearson (FTSE: PSON.L), the world’s leading learning company, is bringing to market new learning content covering the application of AI. According to the World Economic Forum The Future of Jobs Report 2023, the increase in adoption of advanced technologies like AI means that 44% of workers will need to be upskilled or reskilled over the next five years.

 

Pearson’s new AI content will help more students and technology professionals understand large language models, machine learning, deep learning, cybersecurity, and ethics. This includes:

  • More than 10 new IT professional AI titles covering topics from prompt engineering to the use of AI in customer support.
  • Updates to existing AI-focused higher education and professional learning content to ensure the most up-to-date information, including titles like Quick Start Guide to Large Language Models by Sinan Ozdemir.
  • 30 on-demand AI video courses and more than 580 hours of live virtual AI training events taught by the same industry experts who author Pearson titles. Video content development will double from what we brought to market in 2023.

 

Tom ap Simon, President of Pearson Higher Education said, “With AI skills becoming increasingly important in the job market and helping humans be more productive, the need for AI learning is growing. We’re seeing more interest than ever in AI video content for IT professionals, and higher education courses. Now is the time for learners to seize the new opportunities being fueled by AI, and Pearson content helps them do that.”

 

“The rapid evolution of AI means people are learning and getting up to speed while the technology itself is changing. Keeping pace with AI is an ongoing challenge, especially for professionals who constantly need new skills for their jobs. I’m thrilled Pearson is committed to authors bringing our expertise to learners quickly and responsibly,” said Pearson author, Sinan Ozdemir.

 

Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience to educate, certify, and credential students and the workforce.

 

A selection of the new AI titles, AI-focused video courses, and live AI training and events are provided below:

Titles

Video courses

Live virtual training and events

This content builds on Pearson’s flagship AI titles including Artificial Intelligence: A Modern Approach, which is authored by Stuart Russell, Professor at University of California-Berkeley and one of the 2023 Time 100 Most Influential People in AI, and Peter Norvig, Director of Research at Google and Distinguished Education Fellow at the Stanford Institute for Human-Centered Artificial Intelligence.

About Pearson

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c. 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn’t just what we do. It’s who we are. Visit us at pearsonplc.com.

Contacts

Media
Dan.Nelson@Pearson.com

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AM Best to participate and exhibit at RIMS’ 2024 RISKWORLD Conference

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best will participate and exhibit at RISKWORLD—the RIMS 2024 Annual Conference and Exhibition—with sessions that will focus on reinsurance market conditions, cyber risks, artificial intelligence, stress testing and workers’ compensation. The risk management event takes place May 5-8 at the San Diego Convention Center, in San Diego, Calif.

On May 6, at 1:55 p.m. (PST), Dawn Walker, associate director, AM Best, will give a presentation titled, “Improving Conditions for Reinsurers and the Implications.” Walker also will give a presentation at 2 p.m. (PST) on May 7 titled, “Workers’ Compensation: Are Favorable Frequency Trends Sustainable?” Walker joined AM Best in 2022 and is part of its Strategy and Communications department; she has more than 15 years of insurance industry and risk management experience.

 

Sridhar Manyem, senior director, AM Best, will also deliver a pair of presentations at the conference. The first titled, “Cyber Insurance: Moderating Prices and Cautious Underwriting Even as Cyber Risks Resurface,” will be held at 9:55 a.m. (PST) on May 7. His second presentation will take place at 10:30 a.m. (PST) on May 8 and is titled, “AI in Insurance: Risks and Opportunities.” Manyem is the head of AM Best’s industry research team and oversees publishing of the company’s perspectives on topical issues.

 

Maura McGuigan, managing director, AM Best, will give a presentation titled, “The Critical Function of Effective Stress Testing,” at 3:30 p.m. (PST) on May 7. McGuigan is the head of credit rating criteria at AM Best, and responsible for the testing and review of its credit rating methodology criteria, models and tools, and economic and country risk.

 

In addition, AM Best will exhibit at booth No. 1636 at the conference. Visitors to the AM Best booth can learn about the rating agency, its role in the insurance industry and the resources it offers to insurance professionals, including Best’s Credit Ratings, insurance data and analysis resources and financial data products, and Best’s Performance Assessment for Delegated Underwriting Authority Enterprises (DUAEs).

 

A Best’s Performance Assessment is an industry-first tool providing an objective, independent opinion of a DUAE’s ability to perform services on behalf of carriers. DUAEs such as MGAs and MGUs, have become an important part of the insurance value chain, with premiums having doubled globally over the last decade.

 

In addition, AMBest TV will provide video coverage of the conference. For daily reports, panel discussions and executive interviews, visit https://www.ambest.tv/rims24 during the event or look for the RIMS-related playlist under the “Event Coverage 2024” tab at https://www.ambest.tv.

 

RIMS is an industry association of risk professionals, with its 80 chapters more than 200,000 risk practitioners and business leaders from over 75 countries. To view the official agenda and learn more about RISKWORLD, please visit the event overview.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

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Donald Trump wanted Ivanka to replace him on ‘The Apprentice’

When Donald Trump left his seat in the boardroom as the star of his long-running NBC reality series “The Apprentice” in 2015, in order to run for president of the United States, he had a clear successor in mind.

 

“I said, ‘The best person to hire would be Ivanka Trump,’” Donald Trump says.

 

“I didn’t press it. But I felt Ivanka would have been by far the best person you could hire.”

 

Trump shares this revelation in a new book about his years as a reality star, “Apprentice in Wonderland: How Donald Trump and Mark Burnett Took America Through the Looking Glass,” written by Variety co-editor-in-chief Ramin Setoodeh.

 

The book peels back the curtain on how Trump’s decade playing an all-knowing mogul on TV shaped his image as a politician, ultimately catapulting him to the White House.

 

“Apprentice in Wonderland” is based on unprecedented access and hours of interviews with Trump after he left the White House in January 2021— as well as his original boardroom advisers George Ross and Carolyn Kepcher, NBC executives and dozens of former contestants. Setoodeh is the author of the 2019 best-selling book “Ladies Who Punch: The Explosive Inside Story of ‘The View.’”

 

When “The Apprentice” premiered in January 2004, it became an overnight sensation, reaching more than 20 million viewers an episode in its first season. More importantly, the series, created by Mark Burnett,turned Trump into a beloved national figure. On TV, Trump was a savvy businessman, who judged contestants seeking his approval in a competitive job search and dismissed those who didn’t measure up with his ubiquitous catchphrase, “You’re fired!”

Eventually, the show added more star power in the form of contestants in “The Celebrity Apprentice,” which had everyone from Joan Rivers to Piers Morgan competing for Trump’s approval in tasks for charity. Trump starred in 14 seasons of “The Apprentice” and its spinoff before exiting reality TV, and he was also credited as the series’ executive producer.

“NBC didn’t like it, because it became like a family thing,” Trump says in the book about his proposal to have Ivanka replace him. “But I said, ‘There’s nobody you’re going to hire that will come even close to Ivanka.’ They said, ‘Huh…’ And then they came back with Arnold Schwarzenegger.”

 

Schwarzenegger replaced Trump as host of “The New Celebrity Apprentice,” which premiered in January 2017, before Trump’s inauguration, and was canceled after one season due to lackluster ratings.

As part of Trump’s pitch for an Ivanka version of “The Apprentice,” Eric and Don Trump Jr. would have joined their sister on TV as boardroom advisers. The trio had been a regular presence on the show for years, appearing by their father’s side in later seasons to help him evaluate the contestants.

“It was going to be the three of us,” Eric Trump says in the book. “There were talks for a little while about it.”

In the end, this continuation of “The Apprentice” led by Ivanka didn’t come together, since NBC cut ties with Donald Trump when he ran for president and immediately made derogatory comments about Mexican immigrants in July 2015.

Instead, Trump’s grown-up children joined him on the campaign trail. “I think it’s pretty hard to say we’re going to run with reality TV in a time when you’re talking about ending nuclear proliferation around the world,” Eric says in the book. “I’m not sure the two could have worked in tandem.”

“Apprentice in Wonderland” will be published on June 18 by HarperCollins.

 

Read More

 

 

— Variety (EXCLUSIVE) 

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AM Best assigns credit ratings to Amherst Specialty Insurance Company

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Amherst Specialty Insurance Company (Amherst Specialty) (Addison, Texas). The outlook assigned to these Credit Ratings (ratings) is stable.

 

The ratings reflect Amherst Specialty’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

 

Amherst Specialty was founded in December 2023 as a Texas-domiciled surplus insurance carrier. It is classified under the Financial Size Category of VIII. The company is a subsidiary of the ultimate parent, RTC Financial Group, LLC (RTC), and received a Certificate of Authority to transact insurance business in the state on Dec. 15, 2023. RTC is also the parent of Risk Theory Holdings (Risk Theory). Risk Theory began underwriting in 2013 and has grown to nearly 250 employees offering multiple programs focused on the specialty market. Amherst Specialty will become the primary excess and surplus insurance paper to write all new and renewal policies of Risk Theory programs.

 

The balance sheet strength assessment is driven by AM Best’s expectation that Amherst Specialty will maintain the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), over the five-year start-up period. Additionally, the balance sheet further reflects Amherst Specialty’s conservative investment strategy and overall liquidity profile. Partially offsetting these factors is the company’s limited financial flexibility on a stand-alone basis. However, Amherst Specialty’s risk-adjusted capitalization has been supported by credit facilities obtained by its ultimate parent, highlighting the overall financial strength of the organization.

 

AM Best assesses Amherst Specialty’s operating performance as adequate based on the company’s primary business programs, which have been in place at Risk Theory, an affiliated managing general agency platform, and are expected to generate positive results over Amherst Specialty’s business plan. AM Best assesses the company’s business profile as limited given the start-up nature of the company and strong competition in the surplus lines industry. However, management has extensive experience operating the primary business programs, which offsets some of the execution risk involved. AM Best assesses Amherst Specialty’s ERM capabilities as appropriate, supported by an ERM framework with clear identification of risks, tolerances, and reporting requirements. Additionally, management will utilize strong reinsurance programs to preserve the capital base adequately.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Cristian Sieira
Financial Analyst
+1 908 882 2315
cristian.sieira@ambest.com

Rosemarie Mirabella
Director
+1 908 882 2125
rosemarie.mirabella@ambest.com

Christopher Sharkey

Associate Director, Public Relations

+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

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Brightcore Energy developing 2.2MW solar project portfolio on Princeton University campus

Project to produce an estimated 2,588 MWh of electricity annually

 

ARMONK, N.Y. — (BUSINESS WIRE) — Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional markets, is developing a portfolio of solar projects for the Facilities Organization at Princeton University which will be installed on rooftop and canopy- mounted structures on the University’s campus in Princeton N.J.

 

The project consists of four arrays, two of which will be rooftop-mounted and two canopy-mounted. The aggregate size of the project will be approximately 2.2MWdc. The rooftop projects will be installed on the TIGER and CUB buildings while the canopy-mounted projects will be at the Meadows and Stadium garages. In its entirety, the solar arrays will consist of 4,039 panels and are projected to produce an estimated 2,588 MWh of electricity annually. Brightcore expects to begin constructing the projects in the summer of 2024.

 

“We are so very proud to have been selected for this project,” said Mike Richter, President of Brightcore.

 

“The University has rigorous selection standards and was extremely thoughtful and supportive throughout the process. The school has shown great leadership with its ambitious and detailed sustainability plans, and we are excited to play a role in that.”

 

Princeton University has committed to achieving Net Carbon Neutrality by 2046. A key component of Princeton’s Sustainability Action Plan is using renewables as the campus energy source.

 

Once operational, the estimated annual production will prevent approximately 1,834 metric tons of CO2 from entering the atmosphere, the equivalent of burning more than 2 million pounds of coal.

 

About Brightcore

Brightcore, based in Armonk N.Y., is a leading provider of end-to-end clean energy solutions for commercial and institutional markets. Services include high-efficiency heating and cooling systems (geothermal) for both new construction and existing building retrofits, commercial-grade solar, LED lighting and controls, energy storage, electric vehicle (EV) charging stations, smart building products and other emerging technologies. Brightcore’s turnkey, end-to-end solutions encompass preliminary modeling & feasibility, financing & incentive guidance, design & construction, system implementation, and performance monitoring.

 

Visit www.BrightcoreEnergy.com to learn more.

 

About Brightcore

Brightcore, based in Armonk NY, is a leading provider of end-to-end clean energy solutions for commercial and institutional markets. Services include high-efficiency heating and cooling systems (geothermal) for both new construction and existing building retrofits, commercial-grade solar, LED lighting and controls, energy storage, electric vehicle (EV) charging stations, smart building products, and other emerging technologies. Brightcore’s turnkey, end-to-end solutions encompass preliminary modeling & feasibility, financing & incentive guidance, design & construction, system implementation, and performance monitoring. Visit www.BrightcoreEnergy.com to learn more.

Contacts

Brightcore Energy, LLC

Michael Tracy

914-719-6027

michael.tracy@brightcoreenergy.com

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AM Best to host webinar on the growing impact of secondary insurance perils

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best will host a complimentary webinar, titled, “From Convective Storms to Flood: The Growing Impact of Secondary Insurance Perils,” on April 23, 2024, at 2 p.m. EDT.

 

While natural catastrophes such as hurricanes and earthquakes grab all the headlines, secondary perils including flood, convective storms and wildfires lurk in the shadows, posing significant threats to businesses and individuals alike.

 

In a one-hour webinar sponsored by Munich Re U.S., an expert panel will unravel the complexities of secondary perils (also known as non-peak perils), exploring their nature, impact, and mitigation strategies. Register now.

 

Key points to be covered:

  • Defining secondary insurance perils: Discover what constitutes secondary perils and how they differ from primary risks.
  • Identifying secondary perils: Explore a range of secondary perils commonly encountered.
  • Impact on insurance coverage: Understand how secondary perils can impact insurance coverage and claims processes.
  • Mitigation strategies: Learn proactive approaches to mitigate the risks posed by secondary perils and safeguard your assets.
  • Lessons learned: Gain valuable insights from real-world examples illustrating the consequences of overlooking secondary perils.

 

Panelists:

  • Tehya Duckworth, senior vice president, /property underwriting manager, Munich Re U.S.;
  • Joe Bonanno, senior vice president/excess and surplus, property underwriting manager – Northeast and Midwest, Munich Re Specialty Insurance; and
  • Sean Kevelighan, chief executive officer, Insurance Information Institute.

 

Attendees can submit questions during registration or by emailing webinars@ambest.com. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Lee McDonald
Senior Vice President, Publication & News Services
+1 908 882 2102
lee.mcdonald@ambest.com

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Review: ‘Godzilla x Kong: The New Empire,’ a Godzilla spectacle minus one thing: A reason to exist

The clash-of-the-titans climax lifts off into the awesome zone, but until then the fifth entry in the MonsterVerse is overly busy boilerplate.

 

The director, Adam Wingard (who made “Godzilla vs. Kong),” knows how to choreograph a beastie battle so that it does maximum damage in a way that appeals to your inner toy-smashing 7-year-old.

 

Watching “Godzilla x Kong: The New Empire,” I realized that the movie, a standard overly busy and mediocre blockbuster with a pretty awesome wow of a clash-of-the-titans climax, was demonstrating one of the essential principles of Hollywood movie culture today. Namely: All blockbuster movies are now connected!

 

Kong, living in the Hollow Earth, where most of the film is set (the Hollow Earth is a place I’ve never much liked the idea of, since it seems like Earth’s version of a storage basement), is supposedly the last of his kind, but he discovers a child ape who actually looks like an homage to the cuddly creature in the 1967 Japanese film “Son of Godzilla.” This kid gorilla leads Kong to a tribe of scraggly hostile apes who are living in a slave society presided over by the Skar King, an evil ape with blotchy red hair who’s as tall as Kong and wields a skeletal bone whip that looks like it was fashioned out of the spine of a sea serpent. He also commands, as a kind of personal weapon of mass destruction, a gigantoid creature who’s like a stegosaurus who got left in the freezer — and, in fact, his main power is a breath ray that can turn anything, including the mighty Kong, to ice.

 

In other words, Kong is facing a force who’s exactly like the villain in “Ghostbusters: Frozen Empire!”

 

Then there’s Godzilla. He spends the film preparing for an apocalyptic showdown by traveling from one place to the next and absorbing radiation, first from a nuclear facility, then from an undersea battle with a flower-headed monster so radioactive it’s iridescent. By the time Godzilla is done with all this, his very being has been suffused with radioactive power, to the point that he literally turns pink.

 

In other words, he looks like he’s having his “Barbie” moment.

 

And then there’s the essential way that “Godzilla x Kong,” the fifth entry in the MonsterVerse, is a lot like the umpteenth installment of a superhero franchise. The movie is punctuated with occasional creature battles, but for the first 90 minutes it’s more devoted than not to coloring in the backstory of its world-building. (I know that prospect is already exciting you.) Godzilla and Kong each have a complicated relationship with their place in the earthly cosmos, and the story jumps through major hoops to transform them from foes to comrades.

 

The film’s central character, Dr. Ilene Andrews (Rebecca Hall), while she’s busy charting all this, is most invested in the fate of Jia (Kaylee Hottle), the adoptive daughter she rescued after the Iwi people of Skull Island were destroyed. As it happens, the Hollow Earth is home to another tribe of Iwi (there’s a lot going on in that basement), who Jia can communicate with telepathically. And she turns out to be a kind of chosen one, since Jia will prove the key figure in activating Mothra (now reimagined in shimmery designer gold), Godzilla’s old nemesis-turned-ally, who will be instrumental in the outcome of the final clash…

 

The thing that connects “Godzilla x Kong” to last year’s run of superhero films — the ones that everybody complained about — is that, just like them, the movie can make your head hurt. But not because it’s too convoluted to follow. It’s because the real convolution is: Why are we supposed to care? About any of this?

 

The fact that we might not makes “Godzilla x Kong” feel like one of those “Jurassic Park” sequels where everyone is huffing and puffing about the fate of the world and “relevant” issues of genetic engineering — but we’re just there for the ride, which now feels like it has a study sheet attached. I guess this is the part of the review where I’m supposed to say that Brian Tyree Henry, as the wide-eyed tech-whistleblower-turned-conspiracy-blogger Bernie Hayes, and Dan Stevens, as the snarky British veterinarian Trapper, are a riot, but it felt to me like the two actors were mostly filling space. Rebecca Hall, in a no-nonsense haircut, uses her avid severity well, and Kaylee Hottle, as Jia, has a luminous presence, but I’m sorry, every time the film summons a human dimension it feels like boilerplate.

 

You could say that the qualifier, the one that’s always there in a Godzilla movie, is that in the kaiju films of Japan the stories don’t matter either; they are often nonsense. But not always. The original “Godzilla,” in 1954, was schlock with a fairy-tale sci-fi gravity; that was true, as well, of the other two standouts of the early kaiju films, “Mothra” (1961) and “Destroy All Monsters” (1968). And it may turn out to be a stroke of karmic bad luck that “Godzilla x Kong” is coming out right on the heels of “Godzilla Minus One,” the movie that rocked the world of monster cinema. It had the lyrical majesty of those earlier films, as well as a story, rooted in Japan’s World War II trauma, that was actually linear and moving. It reminded you that these creatures could carry an emotional grandeur.

 

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— Variety