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LPU Pirates edge Perpetual Help Altas, 82-77, to lead Season 98

LYCEUM of the Philippines University Pirates at the top of Season 98 — NCAA/SYNERGY/GMA

Games Tomorrow
(Filoil EcoOil Centre)
12 p.m. — Mapua vs JRU
3 p.m. — Letran vs San Beda

ENOCH Valdez came through with a fourth quarter performance to remember as he willed Lyceum of the Philippines University (LPU) to a come-from-behind 82-77 victory over University of Perpetual Help yesterday to stay on top in the 98th NCAA basketball tournament.

Misfiring and bumbling in the first three quarters, Mr. Valdez stayed resilient and unleashed 11 of his 13 points in the final period to help the Pirates erase a 66-56 deficit and transform it to their fourth win in five starts.

The athletic, 6-2 wingman from Pangasinan also starred in LPU’s shock 89-81 triumph over San Beda last Sept. 17 when he dropped a solid 17-point, eight-rebound effort.

And Mr. Valdez has just recovered from a shoulder injury a season ago.

“It was a team effort, I just helped my team win,” said Mr. Valdez.

The Altas appeared headed to lock this one up after they soared to a 66-56 advantage on a booming left wing triple by Kim Aurin early in the final canto.

It turned out to be their last as Mr. Valdez came out of nowhere to deliver the decisive blows.

UPHSD slipped to 2-3.

SUSPENSION
Meanwhile, NCAA basketball  commissioner Tonichi Pujante slapped a one-game suspension on Letran’s Brent Paraiso and Louie Sangalang for their unsportsmanlike behavior in their 67-62 win over Mapua Tuesday.

Mr. Paraiso was sacked due to his dangerous flagrant foul that hit Mapua’s Adrian Nocum’s nape while Mr. Sangalang got the boot for incurring two technical fouls for taunting.

The two are expected to serve it in the Knights’ showdown with their bitter rivals — the San Beda Lions — today.

“I strongly denounce violence of any form in and outside the playing court,” said Mr. Pujante. — Joey Villar

The Scores:

LPU 82 — Valdez 13, Guadana 12, Umali 10, Penafiel 9, Navarro 9, Cunanan 9, Barba 7, Montano 5, Bravo 4, Larupay 2, Vinoya 2, Villegas 0

UPHSD 77 — Razon 18, Aurin 16, Abis 11, Omega 8, Nitura 8, Martel 6, Egan 5, Flores 2, Boral 2, Barcuma 1, Cuevas 0, Roque 0, Orgo 0, Nunez 0

Quarterscores: 13-20; 35-44; 63-56; 82-77

World No. 3 Obiena heads back to training in Italy

EJ Obiena in Chiang Kai Shek College — CHIANG KAI SHEK COLLEGE FB PAGE

WITH his three-week Philippine vacation almost over, world pole vault No. 3 EJ Obiena is headed back to training in Italy to resume his quest for more sporting glory.

“I’m going back to training next week, my vacation is over,” said Mr. Obiena during yesterday’s homecoming at his elementary and high school alma mater Chiang Kai Shek College in Tondo, Manila.

While the ultimate goal is to medal in the 2024 Paris Olympics, the Asian record-holder said his initial aim is to breach the six-meter plateau.

“It will happen soon,” he said.

Mr. Obiena, meanwhile, paid homage to Chiang Kai Shek where he spent 10 years as grade and high school years before moving to study and play for Ateneo and University of Santo Tomas in College.

There, Mr. Obiena was accompanied by his father Emerson, mother and Chiang Kai Shek alumna Jeannette and German girlfriend Caroline Joyeu to personally thank the school and its generous alumni, who have supported him for years.

“This is a glorious day,” said Mr. Obiena

Chiang Kai Shek president Judelio Yap said they would continue to support Mr. Obiena up to Paris.

“He’s our most illustrious product and he’s a treasure for us,” said Mr. Yap. “We will fully support him until he wins the Olympic gold.” — Joey Villar

UP, Ateneo seen title favorites for Season 85

REPEAT of the Battle of Katipunan —THE UAAP

ONCE more, the UAAP is seen to stage a Battle of Katipunan finale as teams tag University of the Philippines and Ateneo as the heavy title favorites for Season 85 starting this weekend.

All schools have hailed the Fighting Maroons and the Blue Eagles, protagonists of Season 84 finals, as the teams to beat anew with La Salle, National U and host Adamson lurking as capable forces for the UAAP’s second straight season this year amid the pandemic.

Last summer, UP and Ateneo figured in a classic three-game finals series that ended on a buzzer-beating triple of JD Cagulangan to lift the Diliman-based squad to its first UAAP title since 1986.

UP’s historic win also denied Ateneo a four-peat championship in the process, making both squads as the untouched yardstick the UAAP field has to go through this season.

“It’s UP and Ateneo,” said coach Nash Racela of Far Eastern U, which holds the longest active Final Four streak for eight seasons albeit without a finals appearance since its last title in 2015.

UP’s Goldwin Monteverde and Ateneo’s Tab Baldwin, for their parts, declared each other as the UAAP’s lone force to beat though wary of the tough playing field given the better preparations of all teams with the return of preseason tournaments and overseas camps.

“We were both blessed and not blessed in our preparation. Obviously, the opportunity to travel overseas was really good but missing out on competing against our UAAP opponents is something that may come back to bite us a little bit,” said Mr. Baldwin.

In anticipation of a bigger mountain to climb this season, UP had a training camp in Japan while Ateneo trooped to Israel aside from winning the inaugural World University Basketball Series in Japan as the world relaxes COVID-19 restrictions.

La Salle, after winning the PBA D-League, also staged a camp in Japan while other UAAP teams made the most out of their offseason here led by Filoil EcoOil Preseason Cup champion NU and Kadayawan Cup titlist Adamson.

“I’m sure everybody is in a fighting spirit. I’m sure everybody is ready to go,” added Mr. Baldwin ahead of the opening day pitting Adamson versus Santo Tomas and UP against La Salle.

The UAAP, which has Ateneo-FEU and NU-UE the next day, will broadcast live on Cignal TV and One Sports as well as online through Cignal Play and Smart Giga Play during Wednesdays, Saturdays and Sundays. — John Bryan Ulanday

MPL Philippines welcomes fans at Blue Leaf Robinson in Season 10 Playoffs

THE COUNTRY’s biggest  Mobile Legends: Bang Bang (ML:BB) esports tournament will welcome fans anew to a bigger venue. MPL Philippines officially announced its Season 10 Playoffs would be held at Blue Leaf Cosmopolitan, Robinsons Bridgetowne, Brgy. Bagumbayan, Quezon City, from Oct. 20-23, 2022.

Ticket buyers can visit the site or download their app, and look out for ‘MPL-PH Season 10 Playoffs’ event card on the Home Page and click ‘Buy Ticket.’

For Day 1 and 2, tickets will be sold on either a per match or per day basis. The gold ticket is worth P350, including a set of limited-edition MPL stickers, and silver tickets are sold at P150. Meanwhile, the per-day Gold pass is sold at P450, while the Silver access is at P150.

Ensuring the health and safety of the on-ground attendees, MPL Philippines will require individuals to present their proof of vaccination at the registration booth. Unvaccinated persons, pregnant women, children below 13 years old, and senior citizens will be prohibited from the premises. Face masks are also required to be worn at all times.

“The competition this season has been intense, and we are using this 10th season as a way to celebrate our athletes and their achievements, with our fans. We hope everyone will join us and enjoy the exciting activities prepared just for them,” says Tonyo Silva, MOONTON Games Esports Senior Marketing Manager.

On Day 4, the Hall of Legends grand induction will reveal and award the 10 chosen legends.

Six teams will compete in a best-of-five series: ECHO, ONIC Philippines, Blacklist International, Smart Omega, Bren Esports, and defending champions RSG Philippines.

The Regular Season top 1 and 3 teams will have the privilege to select their opponents.

The top two teams will represent the country in the upcoming M4 World Championship which will take place in Jakarta, Indonesia, in January 2023. Last year, Blacklist International took home the crown in the M3 World Championships.

Smart Communications, Inc. continues its partnership with MPL-PH this season, as the official telco partner to provide the tournament with high speed internet connectivity. Meanwhile, McDonald’s Philippines joins the pool of official sponsors alongside Samsung and Maya. The popular fast-food chain will be offering Mobile Legends: Bang Bang fans exciting food deals through its McDelivery app.

Qatar gov’t conscripts civilians for World Cup security

DOHA — Qatar has called up hundreds of civilians, including diplomats summoned back from overseas, for mandatory military service operating security checkpoints at World Cup stadiums, according to a source and documents seen by Reuters.

The deployment of conscripts, some of whom would normally defer national service because their work is considered vital, highlights the logistical challenge faced by the tiny Gulf Arab state hosting one of the world’s biggest sports tournaments.

The conscripts are training to manage stadium security queues, frisk fans and detect contraband like alcohol, drugs or weapons concealed in ponytails, jacket linings or even false bellies, according to training materials seen by Reuters.

Qatar has a population of 2.8 million — of which barely 380,000 are Qatari nationals — and expects an unprecedented influx of 1.2 million visitors for the tournament. It already has an agreement with Turkey which is supplying 3,000 riot police.

In early September the civilians were ordered to report for pre-dawn duty at the national service camp north of the Qatari capital Doha, according to order papers seen by Reuters, less than three months before the 29-day tournament kicks off.

The civilians were told they had been called up to assist with the World Cup and that it was their “patriotic duty” to do so, the source said. “Most people are there because they have to be — they don’t want to get in trouble,” the source said.

Some volunteers are also training alongside the conscripted force, according to the source, who has direct knowledge of the plan and the training.

Asked for comment, a Qatari government official said in a statement that Qatar’s national service program would continue as normal during the World Cup.

“Recruits will provide additional support during the tournament as part of the regular program, just as they do every year at major public events, such as the National Day celebrations,” the statement added.

Since 2014, Qatari men aged between 18 and 35 have trained with the military for at least four months as part of mandatory national service introduced by the emir, Sheikh Tamim bin Hamad al-Thani. Dodging the duty can incur a year in prison and a fine of 50,000 Qatari rials ($13,700).

The aim is less about boosting the armed forces and more to build discipline and “enhance social cohesion and national unity”, according to Eleonora Ardemagni, an associate research fellow on the Gulf and Yemen at the Italian Institute for International Political Studies.

In past years, Qatari conscripts have participated in national day celebrations and arrangements for national sports day. Diplomats abroad have been able to defer their service.

The current group of civilians are on four months paid leave from their jobs at key Qatari institutions like state-owned QatarEnergy and the foreign ministry, the source said.

Qatar has brought diplomats home from several overseas missions, including in the United States, China and Russia, the source said. The diplomats are expected to return to their posts after the World Cup.

Conscripts report to the national service camp five days a week, where they attend training sessions conducted by officials from the security division of Qatar’s World Cup organizers, the Supreme Committee for Delivery and Legacy, the source said.

They are taught to approach fans with “positive body language, focus and a smile,” the source said, to abide by the Universal Declaration of Human Rights, and avoid discriminating against fans on any basis, the source said.

Training also includes hour-long marching drills on the parade ground.

On the morning of Sept. 22, about 30 national service participants stood to attention in one of the temporary security huts outside Khalifa International Stadium, one of the eight grounds where matches will be played.

Two officials briefed the men, who were dressed in trainers and track suits and mostly sported fresh buzz cuts. Outside, hundreds of national service participants toured the stadium perimeter where workers were setting up ticketing queues.

The 80,000-capacity Lusail stadium, built for the final, had its first near-capacity crowd earlier this month. Fans leaving the stadium queued for hours for the metro and organizers ran out of water at half time on a hot late-summer Gulf evening.

World Cup organizers intend to relax Qatar’s strict laws limiting the public sale of alcohol, and will allow beer to be served near stadiums a few hours before matches kick off. — Reuters

Yankees clinch AL East but Judge’s home run record chase stalls

TORONTO — The New York Yankees clinched top spot in the American League East with a 5-2 win over the Toronto Blue Jays on Tuesday but Aaron Judge’s pursuit of Roger Maris’s home run record remained stalled on 60.

Judge, who had four walks, scored twice in the win but for the seventh consecutive game the Yankees slugger was unable to equal the AL single season mark of 61 set in 1961 by Maris.

He had moved to within one last Tuesday when he joined Babe Ruth (1927), Maris, Barry Bonds (2001), Mark McGwire (1998, 1999) and Sammy Sosa (1998, 1999, 2001) as the only players to hit 60 home runs in a season.

In addition to his home run record chase, Judge is also in position to win the triple crown — leading the league in homers, runs batted in and average — a feat that has only been accomplished once since 1967 by Detroit’s Miguel Cabrera in 2012.

But for a moment Judge put all that aside and soaked up the moment, along with a champagne bath, as the Yankees celebrated their first AL East title since 2019, which also comes with a Wild Card series bye.

“I’ll trade four walks for a win every single day,” said Judge.

“That’s what a baseball season is about, when you play 162 games you’re going to have those downs when things aren’t going your way, you feel you’re doing everything right but you can’t scratch out a win.

“We knew this was coming but it is only step one.”

Before arriving in Toronto on Monday for the three-game series, New York manager Aaron Boone said how proud he was of the way Judge was handling the pressure.

But with eight games remaining in the regular season that pressure is being dialled up with each missed opportunity.

The seven-game home run drought is the second longest of the season for Judge after a nine-game homerless stretch in mid-August.

Judge will get another opportunity to get the job done in Toronto on Wednesday before the Yankees return home to the Bronx for a three-game series against the Baltimore Orioles. They close out the regular season in Texas with four against the Rangers.

With the spotlight fully on Judge opposing pitchers have been unwilling to challenge the slugger, with Toronto starter Kevin Gausman conceding no one wants their name attached to a trivia question about who gave up his record-tying homer.

Tuesday’s game marked just the second time in his career Judge had been issued four walks. — Reuters

Spain stun Portugal 1-0 to clinch spot in Nations League finals

BRAGA, Portugal — Spain snatched a place in the Nations League final four after striker Alvaro Morata’s late goal secured a 1-0 win over hosts Portugal on Tuesday to ensure top spot in their group.

Portugal dominated the match but last year’s finalists Spain stayed in the contest and in the 88th minute Morata scored to silence most of the sold-out stadium after a long ball into the box from Dani Carvajal was headed across goal by Nico Williams.

It was Spain’s first competitive win in Portugal since 1934 and their first victory in any match in Portugal since a 3-0 success in a friendly in 2003.

Spain finished top of League A-Group 2 on 11 points from six games, one point above second-placed Portugal who only needed a draw to secure a spot in the semi-finals.

The Spaniards join Croatia, Italy and the Netherlands in next year’s finals tournament.

“It was a difficult game but I stay with the attitude of the team. We have made a great effort,” Morata told reporters.

“If we were knocked out it had to be by leaving everything on the field and that’s how it was one more time for us.

“Every time that Spain have to show up in big games we do it. That’s how we do it and tonight we did it again.”

It was a bitter blow for Cristiano Ronaldo’s Portugal who created several chances, were in total control during most the game and came so close to securing a place in the finals.

BRILLIANT SAVE
The hosts almost opened the scoring in the 32nd minute through Diogo Jota, who received a long pass from Bruno Fernandes and lashed a shot towards the top right corner that Unai Simon kept out with a brilliant one-handed save.

Fernandes almost scored himself five minutes later when he rifled a cross shot into the side netting with an effort that was so close the home fans thought it was a goal.

Spain looked lost and confused in what was looking to be another lacklustre performance after they went down 2-1 at home to Switzerland on Saturday.

Spain manager Luis Enrique sprung a surprise with seven changes to his starting lineup, leaving Barcelona’s Sergio Busquets, Gavi, Pedri and Jordi Alba on the bench.

It was not until he made four substitutions in the second-half that Spain woke up and got their first shot on target of the game after 70 minutes through Morata.

The Atletico Madrid forward almost scored in the 76th minute when he fired a long-range shot towards the bottom right corner that Diogo Costa kept out with an outstanding one-handed stop.

HERO MORATA
Ronaldo tried hard to score but his play was often erratic and he was unable to successfully link up with his team mates, who kept missing chances and left Spain in the game, allowing Morata to be the hero again with his late winner.

Portugal manager Fernando Santos said the loss did not change his team’s confidence and preparations for the World Cup, where he believes Portugal “are still one of the favorites.” They face Ghana, Uruguay and South Korea in Group H.

“We were really well organised in the first half. They had possession but didn’t create anything with that. However, we went down and lost the intensity after the 60th minute,” Santos told a news conference.

“They grew mainly because we lost the ability to have the ball. Players could not turn on their game.

“Spain began to push and came from really having no chances to end up scoring a goal. In the final minutes they changed the script, that’s evident.”

Spain will take heart from the win as they prepare to play Costa Rica, Germany and Japan in Group E at the World Cup. — Reuters

Game-changing at 16: ING-FINEX Award returns to honor top CFO

Nominations are ongoing for the country’s top award for the most outstanding CFO

It’s another year of celebrating the country’s most outstanding game-changing financial steward as the ING-FINEX CFO of the Year Award returns for its 16th year in November.

Nominations are now open for the 2022 edition of the Philippines’ longest-running and most prestigious award that fetes chief financial officers. The ING-FINEX CFO of the Year Award is presented through a permanent partnership between Dutch financial giant ING Bank N.V. and the Financial Executives Institute of the Philippines (FINEX), the country’s premier organization for finance and business professionals. The Award was launched in 2006 to recognize the country’s top chief officers and inspire the next generation of Philippine financial leaders.

The 2022 ING-FINEX CFO of the Year Award will recognize the best “game-changing” finance chief for the third straight year.

First of the series was the 2020 search, which focused on the game-changer who guided the transition between the old and new normal. Last year was about the game-changer directing the new order. This year, the search will honor the game-changer who continues to lead and evolve with the ever-changing times.

The search is open to CFOs of any company operating in the Philippines, whether local or foreign-owned, and privately held or publicly listed. The search uses clearly defined qualitative and quantitative criteria designed by FINEX Foundation, together with the Ateneo Graduate School of Business.

The selection process gives equal weight to the CFO’s performance in various roles as the company’s strategist, catalyst, steward, and operator. The search involves a stringent endorsement and nomination process, as well as a rigorous set of panel interviews to determine the new awardee.

The inaugural ING-FINEX CFO of the Year trophy went to Delfin Gonzalez Jr. of Globe Telecom, Inc. in 2007. The awardees in the succeeding years were Manila Water Company, Inc.’s Sherisa Nuesa, SM Investments Corporation’s Jose Sio, Jollibee Foods Corporation’s Ysmael Baysa, Ayala Land, Inc.’s Jaime Ysmael, SM Prime Holdings, Inc.’s Jeffrey Lim, GMA Network, Inc.’s Felipe Yalong, Shell Philippines Exploration, B.V.’s Jose Jerome Pascual III, Manila Water Company, Inc.’s Luis Juan Oreta, Philex Mining Corporation’s Danny Yu, Ayala Corporation’s Jose Teodoro Limcaoco, San Miguel Corporation’s Ferdinand Constantino, and Ayala Land, Inc.’s Augusto D. Bengzon. Meanwhile, the past two winners of the award that revered game-changing CFOs happen to be women: Mylene Kasiban of Robinsons Retail Holdings, Inc. and Anabelle Lim-Chua of PLDT Inc.

For more information about the ING-FINEX CFO of the Year Award and the nomination process, visit www.ingfinexcfooftheyear.com, or contact mbvinluan@finex.org.ph or 0917-312- 3044.

 


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Globe gamifies environmentalism with mobile app

Globe Telecom, Inc., launched today a mobile game that teaches players how to reduce their carbon emissions.  

Titled Climate Champions, the game is part of the telco’s commitment to reach net-zero carbon emissions by 2050. 

“Climate change used to be so far away, but as we near 2030, we experience its adverse effects in our business and daily lives,” said Issa Guevarra-Cabreira, Globe’s chief commercial officer, at the Sept. 28 launch.

Accessible via the GlobeOne, GCash, and KonsultaMD apps, the game gives players time bonuses when they select eco-friendly choices at the lifestyle quiz at the end of each round.   

“We have always believed that gaming in the Philippines goes beyond gameplay. Globe Climate Champions empowers Filipinos to live sustainably by breaking down the long-term aspiration into short-term actions, all through a gamified experience that encourages conscious daily life changes,” said Ralph A. Aligada, head of Globe gamers and esports.

Globe likewise launched a nationwide search for citizens championing sustainable practices. Dubbed Globe Kali ’Kada (short for kalikasan barkada, or pro-environment friendship group), it entails taking a video of friends playing the Climate Champions mobile game, sharing their reason for wanting to be a part of Kali ’Kada, and uploading the video on TikTok. Those selected will be part of the Globe Climate Champions program and have a chance to win up to P30,000 worth of Globe products.  

Globe’s existing climate initiatives include the deployment of more than 8,500 green network solutions to reduce operational emissions, as well as the shift of 14 high energy utilization facilities to renewable energy. 

Meanwhile, Kickstart Ventures, Inc., a venture capital firm and Globe subsidiary, has invested in Singapore’s TreeDots, the first food surplus marketplace in Asia, and California-based Clarity, a sensing-as-a-service company that provides localized air quality readings.  

“Our investments fund fast-scaling, high-impact tech solutions that help us change our behavior,” said Minette B. Navarrete, vice chairman and president of Kickstart Ventures. “[These investments] offer solutions for us in the present. It’s not a magic wand that makes climate change issues disappear, but real-life tools that empower us to change, to act, to make intelligent choices, and to make the world a better place for ourselves.” 

At the event’s opening remarks, Elenida Del Rosario-Basug, director for climate change services of the Department of Environment and Natural Resources said that “despite the compelling evidence, there remains skepticism about the risks of climate change.” 

“[Climate change] is here and a familiar experience for us in the country. A whole-of-government and whole-of-society approach are needed if we are to pursue action,” she added.

According to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAG-ASA), sea levels in the country are rising three times faster than the global average, putting 70% of Philippine cities and municipalities at risk. — Patricia B. Mirasol

Putin’s nuclear warnings worry the West

RUSSIAN PRESIDENT Vladimir Putin chairs a meeting via video link in Sochi, Russia, Sept. 27. — SPUTNIK/GAVRIIL GRIGOROV/POOL VIA REUTERS

LONDON — President Vladimir Putin’s latest warning that he is ready to use nuclear weapons to defend Russia amid the war in Ukraine has made a troubling question much more urgent: Is the former KGB spy bluffing?

Mr. Putin cautioned it was no bluff, and Western politicians, diplomats and nuclear weapons experts are divided. Some say he could use one or more smaller, tactical nuclear weapons to try to stave off military defeat, protect his presidency, scare off the West or intimidate Kyiv into capitulation.

Mr. Putin’s warning, which was followed by a more specific threat to use a nuclear weapon in Ukraine from an ally, might mean the Kremlin is considering an escalation after Russia annexes four Ukrainian regions which it only partly occupies.

Russia’s parliament is expected to declare the regions part of Russia on Oct. 4. Once that happens the way would be clear, from Moscow’s viewpoint, for a possible defensive strike if it felt the territory was under serious threat.

Breaking the nuclear taboo would be a sign of desperation, however, so whether or not Mr. Putin does go nuclear may ultimately depend on how cornered he feels in a conflict which has, thus far, humbled rather than defeated a former superpower.

Mr. Putin controls the world’s largest nuclear arsenal, including a new generation of hypersonic weapons and 10 times more tactical nuclear weapons than the West, and the United States and the NATO military alliance are taking him seriously.

“If the choice for Russia is fighting a losing war, and losing badly and Putin falling, or some kind of nuclear demonstration, I wouldn’t bet that they wouldn’t go for the nuclear demonstration,” Tony Brenton, a former British ambassador to Russia, told Reuters in August, before Mr. Putin stepped up his warnings.

In his most recent comments, Mr. Putin explicitly warned the West that Russia would use all available means to defend Russian territory and accused the West of discussing a potential nuclear attack on Russia.

“This is not a bluff. And those who try to blackmail us with nuclear weapons should know that the weathervane can turn and point towards them,” he said.

Such blunt Kremlin rhetoric is very different to the much more nuanced nuclear signals preferred by late Soviet leaders after Nikita Khrushchev took the world to the brink of nuclear war in the 1962 Cuban Missile Crisis.

US National Security Adviser Jake Sullivan told US TV networks on Sunday that President Joseph R. Biden’s administration was taking Putin’s comments “deadly seriously” and had warned Moscow of specific “catastrophic consequences” if it used nuclear arms.

Washington has not spelled out its likely response, but using a nuclear device could trigger a nuclear escalation, which is why most experts believe a massive conventional attack on Russian military assets would be more likely.

GOING NUCLEAR
If Mr. Putin did order a nuclear strike inside Ukraine, it would be the first use of nuclear weapons in battle since the United States unleashed the atomic bomb attacks on the Japanese cities of Hiroshima and Nagasaki in August 1945.

Shorter-range lower-yield weapons launched by sea, air or land could theoretically be used against Ukrainian military targets, though their effectiveness in such a scenario is a matter of debate among military experts.

Another option, they say, would be for Mr. Putin to detonate such a weapon over a remote and unpopulated area or a body of water, like the Black Sea, as a chilling demonstration of intent.

The radioactive fallout from a small Russian tactical weapon could be limited to around a kilometer (half a mile), but the psychological and geopolitical impact would be felt across the world.

“Putin is playing a high-stakes game of chicken,” said Richard K. Betts, professor of war and peace studies at Columbia University. “If I had to bet money, I would probably bet 3:2 that he would not go nuclear even if he feels desperate, but those are not good odds.”

TRACKING
In a sign Washington is closely monitoring Russia’s nuclear arsenal, flight tracking data on Saturday showed the United States had deployed at least two RS-135s Cobra Ball spy planes, used to track ballistic missile activity, near the Russian border.

Lawrence Freedman, Emeritus Professor of War Studies at King’s College London, said there was no evidence Moscow was gearing up for such a nuclear strike at the moment and that Washington would know “pretty quickly” if it was.

He said it would be a mistake to be complacent about Mr. Putin’s nuclear warnings, but that he did not think it would make sense for Mr. Putin to go nuclear to defend newly-annexed territory.

“To start a nuclear war to break this taboo that has lasted since August 1945 for such small gains when the Ukrainians have said they won’t stop fighting anyway, and even if the battle stopped, he’d find these territories impossible to pacify, would seem like a very odd thing to do,” said Mr. Freedman.

Given the irrational nature of using a nuclear weapon in the circumstances, taking the threat seriously entailed assuming it would be an emotional act of desperation from Mr. Putin in a situation where he felt threatened, he added.

Mr. Betts of Columbia University said: “You can see the pressures he is under and the rationales in his mind about how the use of a small nuclear weapon might work for his purposes to reverse the situation, frighten the West, and get him out of the bind he is in.”

‘EXISTENTIAL STRUGGLE’
Mr. Putin says Russia is now fighting for its existence in Ukraine after years of humiliation at the hands of an arrogant West which wants to destroy the former superpower.

“In its aggressive anti-Russian policy, the West has crossed every line,” Mr. Putin said in his Sept. 21 warning. Russia’s invasion of Ukraine has killed tens of thousands, fueled global inflation and triggered the worst confrontation with the West since the height of the Cold War.

Seven months on, Mr. Putin’s forces are facing a fierce counteroffensive from Ukrainian forces armed and trained by Western countries. The better it goes for Ukraine on the battlefield, the higher the chance that Mr. Putin might go nuclear, said Mr. Betts.

Russia’s nuclear doctrine allows for a nuclear strike after “aggression against the Russian Federation with conventional weapons when the very existence of the state is threatened”.

Kremlin hawks say the West is trying to topple Mr. Putin, who has held power in Russia since 1999.

US President Joseph R. Biden said in March that Mr. Putin “cannot remain in power” in comments the White House said were meant to prepare the world’s democracies for an extended conflict over Ukraine, not back regime change in Russia.

And in May, Mr. Biden said he was trying to work out what to do about the fact that Mr. Putin did not appear to have a way out of the war.

Ukrainian President Volodymyr Zelensky had previously dismissed the Russian warnings, but told CBS on Sunday that Mr. Putin could now be serious.

“Look, maybe yesterday, it was bluff. Now it could be a reality.” — Reuters

Asian-American women in finance face career hurdles, study shows

CHRISTIAN LANGBALLE-UNSPLASH

WOMEN who identify as Asian Americans and Pacific Islanders are more likely to face barriers in investment management than their white or male counterparts, a new study shows — and several people interviewed by Bloomberg echoed those findings.

Eight in 10 AAPI women surveyed see various individual, cultural, and organizational challenges — commonly referred to as the “bamboo ceiling” — as potential impediments to rising through the management ranks, according to an Association of Asian American Investment Managers report released Tuesday.

Of the 608 people who responded to the survey, 174 identified themselves as AAPI women, and 57% of that cohort said they were personally affected by the bamboo ceiling. Many also reported having to assert themselves more than their male peers in order to be recognized, promoted or credited for their work.

“Especially when trying to move up in the ranks, the onus was on women to prove themselves,” Melissa Maquilan Radic, a former BlackRock, Inc. executive whose parents immigrated to the US from the Philippines, said in a phone interview, speaking generally about her experiences in the corporate world. “I would look at women who had similar job titles to men, and their qualifications were twice as robust.”

The work of her parents, both practicing physicians, taught her the importance of establishing credibility as a woman by comparing her mother’s career with that of her father’s.

Ms. Maquilan Radic, 40, was one of several AAPI women who shared similar experiences of having to meld their identities and communication styles to get ahead.

“You’ve got to be so much better that there is really no question you are the best one and there is no alternative to you,” said Dynex Capital, Inc. Co-Chief Investment Officer Smriti Popenoe, a native of India with three-decades of experience in finance.

Ms. Popenoe, who was schooled across three continents during her youth, said she was accustomed to adapting to various cultures and circumstances in order to be competitive as the only immigrant, woman or person of color in the room.

“The others, they were white men that could play golf, that could talk sports,” said Ms. Popenoe, 53. “You really have to talk the native language of the male-dominated industry — the guy talk — and I learned that language.”

Roughly two-thirds of the AAPI respondents said race plays a role in limiting opportunities, compared with just 23% of those who didn’t identify as Asian American or Pacific Islander.

The AAPI women interviewed by Bloomberg said they had to actively seek mentorship opportunities with superiors who recognized their potential and made efforts to lift them up.

“Getting to the managing director position — that part requires a lot more advocacy and sponsorship,” said Amy (Wu) Stratton, 46, a former Citigroup, Inc. executive who recently founded MyAsianVoice, an organization that supports Asian women. “Even though I had a full network and a lot of folks expected me to be there already, in actuality it requires people to do the advocacy work. So I really had to rattle folks to get it done.”

Brenda Chia, AAAIM’s founding president, said young AAPI women need to constantly vocalize their presence and advocate for themselves and their work.

Often, ideas they propose “are not taken seriously or are stolen by other people,” said Ms. Chia, who spent the beginning of her career in Singapore before moving to the US, where she’s now chief of capital development for Paladin Capital Group. It’s “incredibly important to speak up consistently about what you believe in to make sure that they know you originated it.” — Bloomberg

Alzheimer’s drug succeeds in slowing cognitive decline

EDUARDO BARRIOS-UNSPLASH

EISAI CO LTD. and Biogen, Inc. on Tuesday said their experimental Alzheimer’s drug significantly slowed cognitive and functional decline in a large trial of patients in the early stages of the disease, marking a rare win in a field littered with failed drugs.

The drug, lecanemab, slowed progress of the brain-wasting disease by 27% compared with a placebo, meeting the study’s main goal, and potentially offering hope for patients and their families desperate for an effective treatment.

“It’s not a huge effect, but it’s a positive effect,” said Ronald Petersen, director of the Mayo Clinic Alzheimer’s Disease Research Center in Rochester, Minnesota.

Eisai, leader of the 50-50 partnership’s lecanemab program, is seeking FDA approval under an accelerated pathway, with a decision expected in early January. On Tuesday the Japanese drugmaker said it will use the new efficacy results to submit lecanemab for traditional FDA review as well.

The company said it will also seek authorization in Japan and Europe during its current fiscal year, ending March 31.

Eisai said results from the 1,800-patient trial prove the longstanding theory that removal of sticky deposits of a protein called amyloid beta from the brains of people with early Alzheimer’s can delay advance of the debilitating disease.

“This means that treating amyloid is a step in the right direction,” Mr. Petersen said.

Shares of Biogen and Eisai were halted, but shares of Eli Lilly & Co, which is also developing an Alzheimer’s drug, rose as much as 6.7% in after-hours trade.

The lecanemab data suggest “a potentially new multi-billion-dollar franchise,” Jefferies analyst Michael Yee said in a research note.

Lecanemab, like the partners’ previous drug Aduhelm, is an intravenous antibody designed to remove amyloid deposits. Unlike Aduhelm, lecanemab targets forms of amyloid that have not yet clumped together.

“If you can slow a disease by almost 30% that’s fantastic. This is what we have been looking for,” said Dr. Jeff Cummings, director of the Chambers-Grundy Center for Transformative Neuroscience at the University of Nevada Las Vegas.

The so-called amyloid hypothesis has been challenged by some scientists, particularly after the US Food and Drug Administration’s controversial approval of Aduhelm in 2021 based on its plaque-clearing ability rather than proof that it helped slow cognitive decline. The decision came after the FDA’s own panel of outside experts had advised against approval.

Aduhelm was the first new Alzheimer’s drug approved in 20 years after a long list of high-profile failures for the industry.

Patient advocacy groups hailed the news of positive lecanemab trial results.

“This is important because it demonstrates that each of these drugs is different … I would hope that the FDA approves the drug in January,” USAgainstAlzheimer’s Chairman George Vradenburg told Reuters.

The Phase III trial evaluated the drug’s ability to reduce cognitive and functional decline based on the Clinical Dementia Rating-Sum of Boxes (CDR-SB), a numerical scale used to quantify the severity of dementia in patients in areas such as memory, orientation, judgment and problem solving and personal care.

BRAIN SWELLING
The rate of a brain swelling side effect associated with anti-amyloid treatments was 12.5% in the lecanemab group, versus 1.7% in the placebo group. But many cases did not cause symptoms, with symptomatic brain swelling seen in 2.8% of those in the lecanemab group, the companies said.

Micro hemorrhages in the brain occurred at a rate of 17% in the lecanemab group, and 8.7% in the placebo group.

Mr. Petersen said the side effect rate was much less than with Aduhelm and “certainly tolerable.”

Aduhelm’s approval was a rare bright spot for Alzheimer’s patients, but critics have called for more evidence that amyloid-targeting drugs are worth the cost.

The controversy and reluctance by some payers to cover Aduhelm led Biogen to slash the drug’s price to $28,000 per year from an initial $56,000.

But Medicare, the US government health plan for people 65 and older, this year said it would only pay for Aduhelm and other similar drugs if patients were enrolled in a valid clinical trial, which sharply curtailed the medication’s use. Since Alzheimer’s is a disease of aging, an estimated 85% of patients eligible for the drug are covered by the government plan.

Michael Irizarry, Eisai’s deputy chief clinical officer, said on a conference call that the company will have discussions with the Medicare agency regarding coverage of lecanemab.

The number of Americans living with Alzheimer’s is expected to rise to around 13 million by 2050 from more than 6 million currently, according to the Alzheimer’s Association. Globally, that figure could rise to 139 million by 2050 without an effective treatment, according to Alzheimer’s Disease International.

Other plaque-targeting antibodies in late-stage development for Alzheimer’s patients include Roche Holding AG’s gantenerumab and Eli Lilly’s donanemab. — Reuters