Categoría: Geovanny Vicente

NEW HAVEN, Conn., Aug. 11, 2020 /PRNewswire/ — Environment and Human Health, Inc. (EHHI) is an organization of physicians and public health professionals.  EHHI is releasing its pesticide brochure explaining the dangers of pesticide uses, both inside and outside the home. 

Most pesticides are inherently toxic, which is why the federal government regulates them. However, just because they are regulated does not guarantee that they are safe. Pesticides are tested for safety one pesticide at a time, yet they are often sold in combinations.

Many pesticides, even though they are government-approved, are carcinogenic, neurotoxic, developmental toxins and endocrine disruptors. The federal government does not have the funding to do all its own pesticide testing, so the government relies on the pesticide industry to test its own pesticide for its safety. This fact remains a problem.

John Wargo, Ph.D., Professor of Environmental Health and Politics at Yale University’s School of the Environment said, «Pesticides pose a special threat to the youngest in our population. It is now well-established that pesticide residues easily cross the placenta and expose developing human embryos and fetuses. Pesticides also cross the blood-brain barrier, giving additional evidence that pesticides circulate throughout human tissues.»

Children take in more pesticides relative to their body weight than adults. In addition, their developing organs are more vulnerable to pesticide toxicity. Women who are pregnant should be particularly careful about any pesticide exposure.

Hugh Taylor, M.D., Chair of Yale’s Department of Gynecology and Obstetrics, Yale University School of Medicine, said, «Pregnant women should avoid using pesticides as pesticides have birth and reproductive health effects. Using organic methods will better protect your children, born and unborn, as well as your pets.»

Higher pesticide exposure levels happen indoors where the pesticides are often more concentrated. The risk of developing blood cancers such as leukemia and lymphoma increases significantly in children exposed to pesticides indoors, which a recent meta-analysis has shown. A correlation between pesticide exposure and childhood brain tumors has also been observed.

David Brown, Sc.D., Public Health toxicologist, said, «People are routinely exposed to pesticide mixtures every day in the foods and water they consume simply by eating a normal diet. Adding direct pesticide exposures on lawns and in homes increases the risks that pesticide exposures pose.»

Because of these risks, EHHI recommends using organic pest control methods first, and only when those methods fail should pesticides be applied, and then in a way that protects both children and pets.

Pesticide labeling also remains a problem. Labels are only required to address acute toxicity, such as what to do if you swallow the pesticide or get the pesticide in your eyes. The labels’ scant warnings are in tiny print, while the benefits of the pesticide are in large type. As well, the labels do not warn about the long-term health effects, such as cancer or neurotoxicity – this, too, is a serious problem.

Nancy Alderman, MES, President of EHHI said, «EPA should require that labels on pesticide packaging be both in English and Spanish. Many pesticide applicators and users of pesticides are Spanish-speaking, and it is critically important that they be able to read clearly the instructions and health warnings on the packaging.»

Professor Wargo concluded by saying, «The United States has been far too lenient on which pesticides are allowed and where they are allowed in the United States. Many pesticides are banned in the European Union, Brazil and China, yet are still allowed in the United States.

Environment and Human Health, Inc. (EHHI) is a non-profit organization dedicated to protecting human health from environmental Harms.

Contact Information

Nancy Alderman
President
Environment and Human Health, Inc.
203-248-6582
nancy.alderman@ehhi.org

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SOURCE Environment and Human Health, Inc.

NEW YORK, Aug. 11, 2020 /PRNewswire/ — Wix.com Ltd. (Nasdaq: WIX) («Wix»), a leader in website creation, today announced the pricing of $500 million aggregate principal amount of 0% Convertible Senior Notes due 2025 (the «Notes») in a private offering (the «Offering») to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»). In connection with the Offering, Wix has granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $75 million aggregate principal amount of the Notes solely to cover over-allotments. The sale of the Notes to the initial purchasers is expected to settle on August 13, 2020, subject to customary closing conditions.

The Notes will not bear regular interest, and the principal amount of the Notes will not accrete. The Notes will mature on August 15, 2025, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date.  The Notes will be convertible based on an initial conversion rate of 2.4813 ordinary shares of Wix per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $403.01 per share, which represents a conversion premium of approximately 45.0% to the last reported sale price of Wix’s ordinary shares on The Nasdaq Global Select Market on August 10, 2020). Prior to the close of business on the business day immediately preceding February 15, 2025, the Notes will be convertible at the option of the holders of the Notes only upon the satisfaction of specified conditions and during certain periods. On or after February 15, 2025 until the close of business on the second scheduled trading day preceding the maturity date, the Notes will be convertible at the option of the holders of Notes at any time regardless of these conditions. Conversions of the Notes will be settled in cash, ordinary shares of Wix or a combination thereof, at Wix’s election.

Wix may not redeem the Notes prior to August 21, 2023, except in the event of certain tax law changes. On or after August 21, 2023, Wix may redeem, for cash, all or part of the Notes if the last reported sale price of its ordinary shares has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Wix provides notice of the redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. 

Holders of the Notes will have the right to require Wix to repurchase all or a portion of their Notes upon the occurrence of a fundamental change (as defined in the indenture governing the Notes) at a cash repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. In connection with certain corporate events or following Wix’s delivery of a notice of redemption, Wix will, under certain circumstances, increase the conversion rate for a holder who elects to convert its Notes in connection with such corporate event or to convert its Notes called for redemption in connection with such notice of redemption, as the case may be.

When issued, the Notes will be Wix’s senior unsecured obligations and will rank senior in right of payment to any of Wix’s unsecured indebtedness that is expressly subordinated in right of payment to the Notes; equal in right of payment to any of Wix’s unsecured indebtedness that is not so subordinated (including Wix’s 0% Convertible Senior Notes due 2023); effectively junior in right of payment to any of Wix’s secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) of Wix’s subsidiaries.

In connection with the pricing of the Notes, Wix has entered into privately negotiated capped call transactions with certain of the initial purchasers of the Offering or their respective affiliates and other financial institutions (in this capacity, the «Option Counterparties»). The capped call transactions are expected generally to reduce the potential dilution to the ordinary shares of Wix upon any conversion of Notes and/or to offset any cash payments Wix is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions will initially be $555.88 per share, which represents a premium of 100% over the last reported sale price of the ordinary shares of Wix of $277.94 per share on August 10, 2020, and is subject to certain adjustments under the terms of the capped call transactions. If the initial purchasers of the Offering exercise their option to purchase additional Notes, Wix expects to enter into additional capped call transactions with the Option Counterparties.

Wix has been advised that, in connection with establishing their initial hedges of the capped call transactions, the Option Counterparties or their respective affiliates expect to purchase ordinary shares of Wix and/or enter into various derivative transactions with respect to the ordinary shares of Wix concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of the ordinary shares of Wix, the Notes and Wix’s 0% Convertible Senior Notes due 2023 at that time. In addition, the Option Counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the ordinary shares of Wix and/or by purchasing or selling ordinary shares or other securities of Wix in secondary market transactions from time to time prior to the maturity of the Notes (and are likely to do so following any conversion, repurchase, or redemption of the Notes, to the extent Wix exercises the relevant election under the capped call transactions). This activity could also cause or avoid an increase or a decrease in the market price of the ordinary shares of Wix or the Notes, which could affect the ability of holders of Notes to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, it could affect the number of ordinary shares of Wix, if any, and value of the consideration that holders of Notes will receive upon conversion of the Notes.

In addition, if any such capped call transactions fail to become effective, whether or not the Offering is completed, the Option Counterparties party thereto or their respective affiliates may unwind their hedge positions with respect to the ordinary shares of Wix, which could adversely affect the value of the ordinary shares of Wix and, if the Notes have been issued, the value of the Notes.

Wix estimates that the net proceeds from the Offering will be approximately $486.3 million (or $559.4 million if the initial purchasers exercise their over-allotment option in full), after deducting fees and estimated offering expenses payable by Wix.  Wix intends to use $40 million of the net proceeds from the Offering to pay the cost of the capped call transactions.  Wix may also use a portion of the net proceeds to acquire complementary businesses, products, services or technologies. However, Wix has not entered into any agreements for or otherwise committed to any specific acquisitions at this time.  Wix intends to use any remaining net proceeds from the Offering for general corporate purposes.  If the initial purchasers exercise their over-allotment option, Wix expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions with the Option Counterparties and the remaining net proceeds for general corporate purposes.

The Notes were offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the Notes and the ordinary shares of Wix potentially issuable upon conversion of the Notes, if any, have not been, and will not be, registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction, and unless so registered, the Notes and such shares, if any, may not be offered or sold in the United States except pursuant to an applicable exemption from such registration requirements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, the Notes (or any ordinary shares of Wix issuable upon conversion of the Notes) in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.

About Wix.com Ltd.

Wix is leading the way with a cloud-based development platform for over 180 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, the Wix website builder and complete product platform empowers millions of businesses, organizations, artists and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, Editor X, a highly curated App Market, Ascend by Wix and Corvid by Wix enable users to build and manage a fully integrated and dynamic digital presence. Wix’s headquarters are in Tel Aviv with offices in Be’er Sheva, Berlin, Denver, Dnipro, Dublin, Kiev, Los Angeles, Miami, New York, Phoenix, San Francisco, São Paulo, Tokyo and Vilnius.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties.  Such forward-looking statements may include, among other things, expectations regarding actions of the Option Counterparties and their respective affiliates; the satisfaction of customary closing conditions with respect to the Offering and the anticipated use of the net proceeds of the Offering, and may be identified by words like  «anticipate,» «assume,» «believe,» «aim,» «forecast,» «indication,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «plan,» «potential,» «predict,» «project,» «outlook,» «future,» «will,» «seek» and similar terms or phrases.  The forward-looking statements contained in this document are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.

Important factors that could cause actual outcomes to differ materially from those indicated in the forward-looking statements include, among others, the uncertainty surrounding the duration and severity of COVID -19 and its effects on our business; the risk that the Offering will not be consummated; and changes in global, national, regional or local economic, business, competitive, market, regulatory and other factors discussed under the heading «Risk Factors» in the Company’s 2019 annual report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2020. Any forward-looking statement made by Wix in this press release speaks only as of the date hereof.  Factors or events that could cause Wix’s actual results to differ may emerge from time to time, and it is not possible for Wix to predict all of them. Wix undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

Investor Relations:
Maggie O’Donnell
ir@wix.com 
914-267-7390

Media Relations:
pr@wix.com 

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SOURCE Wix.com Ltd.