Latest news with #Jepsen
Yahoo
16-05-2025
- Business
- Yahoo
Deere details $500M tariffs impact
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. By the numbers: Q2 earnings Sales and revenue: $12.76B 16% decline YoY Net income: $1.8B 24% decline YoY Earnings per share: $6.64 Compared to $8.53 per share in Q2 2024 Deere & Co. is bracing for a $500 million tariff impact on its farm and construction equipment operations this year, executives said on an earnings call Thursday. The Moline, Illinois-based company incurred tariff-related expenses of $100 million in the second quarter, and expects those costs to be close to $400 million for the rest of the year, CFO Josh Jepsen said on the call. The forecast is based on tariffs in effect as of May 13, including the reduction in reciprocal and retaliatory rates between China and the United States set earlier this week. Deere, like other companies, is actively monitoring the tariffs situation and taking steps to mitigate their effects. Recently, Deere certified goods and components that were previously ineligible for free trade under the U.S.-Mexico-Canada Agreement, Jepsen said. The supply chain team is also working to optimize global trade flows and monitor component sourcing. In terms of pricing actions, given that most of the order books are full for 2025, Jepsen said 'there's not much opportunity.' However, Deere is evaluating price increases for its 2026 equipment. 'We are doing so being very mindful of the dynamic environment and the pressures our customers have had to deal with over the past few years,' Jepsen said. Looking ahead, Deere widened its full-year guidance, citing near-term market challenges and ongoing trade uncertainty. The company reported a net income range between $4.75 billion and $5.5 billion, reflecting a downward revision of $250 million compared with its previous forecast. In terms of tariffs, Deere is expecting most of the $500 million headwind to impact its construction and forestry operations, which are more exposed to China than its agriculture operations. According to a company presentation, nearly 80% of its goods sold are assembled in U.S. manufacturing facilities. Deere has more than 60 locations across 16 states. In addition to trade headwinds, Deere has been navigating a downturn in the market as high interest rates and economic uncertainty slow demand for heavy machinery purchases like tractors and bulldozers. However, things may be starting to turn around. Despite historic levels of volatility, Chairman and CEO John May said the company performed better than expected as Q2 sales and revenues rebounded from the previous quarter. Results doubled over the period. Deere attributed the higher sales, in part, to stronger farm balance sheets as the U.S. government distributes $10 billion in emergency payments to farmers following a poor 2024 crop year. The company is expecting increased farm liquidity and more stable crop prices to help mitigate tariff effects for the remainder of 2025. 'In the near term, we'll continue to proactively manage what we can control — cost, production, inventory and quality — to navigate this environment while driving the margins that fuel our investments in the future,' May said on the call. Deere is prepared to spend $20 billion in the U.S. over the next 10 years, May said. While no specific details were disclosed, the company is looking to invest in new product development, the latest technologies and advanced manufacturing. 'As we look forward, we're more excited than ever about the opportunities ahead,' May said. Recommended Reading Tractor makers CNH, Agco face sales headwinds amid economic slowdown Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Express Tribune
24-04-2025
- Entertainment
- Express Tribune
It's official: ‘10 Things I Hate About You' is becoming a Broadway musical
More than two decades after its cinematic debut, the beloved romantic comedy 10 Things I Hate About You is getting the Broadway treatment. The musical adaptation will be led by none other than singer-songwriter Carly Rae Jepsen and writer-director Lena Dunham, marking a highly anticipated collaboration between two creative powerhouses. Jepsen, 39, broke the news on Instagram with a joyful post that read, 'I can tell you 10 things I'm excited about right now or just skip to number one which is working on this dream project with this dream team! #10ThingsMusical.' The 1999 film, which stars Heath Ledger, Julia Stiles and Joseph Gordon-Levitt, was itself based on William Shakespeare's The Taming of the Shrew. Over time, it has become one of the most cherished teen films of the late '90s, thanks to its sharp writing, iconic performances and enduring themes. The film also inspired a short-lived 2009 television reboot on ABC. For the musical version, Jepsen will join forces with longtime collaborator Ethan Gruska to write the score. Dunham, known for her Emmy-winning series Girls, is co-writing the script with playwright Jessica Huang. The production will be directed and choreographed by Christopher Wheeldon, who is widely acclaimed for his Tony Award-winning work on MJ: The Musical and An American in Paris. The news of this Broadway adaptation has already sparked excitement among fans of both the original film and the creative team behind the stage version. While no opening date has yet been announced, anticipation is high for this reimagined version of a cult classic.
Yahoo
24-04-2025
- Entertainment
- Yahoo
'10 Things I Hate About You' Adaptation Is Officially Headed to Broadway
Twenty-six years after captivating fans in theaters nationwide, the cult classic romantic comedy 10 Things I Hate About You is officially headed to Broadway. What's more, the upcoming musical will be produced by the winning partnership of Lena Dunham and Carley Rae Jepsen, the latter of whom will provide the main soundtrack to the show. The 39-year-old Jepsen recently took to Instagram to announce the news to her fans. "I can tell you 10 things I'm excited about right now or just skip to number one which is working on this dream project with this dream team! #10ThingsMusical," Jepsen's social media post read. Debuting in theaters in the spring of 1999, 10 Things I Hate About You focuses on the high school romance between a socially awkward teenager (Joseph Gordon-Levitt) and a popular fellow student (Larisa Oleynik), the latter of whom is forbidden from dating until her older, easily irritable sister (Julia Stiles) starts seeing someone romantically first. To work around this, the teens hatch a plan to recruit a rebellious bad boy (Heath Ledger) to woo the older sister, freeing them to develop their own romantic connection with one another. Based on William Shakespeare's immortal comedy The Taming of the Shrew, 10 Things I Hate About has gone on to earn acclaim as one of the defining teen comedies of the late 1990s. Providing breakthrough performances for provided Ledger, Gordon-Levitt, and Stiles, the film has continued to garner warm reviews with each passing decade, even providing the basis for a short-lived TV reboot in 2009 on ABC. Jepsen will work with her regular collaborator Ethan Gruska in penning a score for the musical, while Lena Dunham of HBO's Girls fame will co-write the project with playwright Jessica Huang. The musical will be directed and choreographed by Christopher Wheeldon, best known for his recent work in MJ: The Musical and An American in Paris.
The Guardian
23-04-2025
- Entertainment
- The Guardian
Lena Dunham and Carly Rae Jepsen to bring 10 Things I Hate About You to Broadway
Nearly 30 years after it cemented 1999 as a watershed year for teen movies, 10 Things I Hate About You is headed to Broadway, led by Lena Dunham and Carly Rae Jepsen. Dunham, the creator of another coming-of-age touchstone with HBO's Girls, will co-write the adaptation with playwright Jessica Huang. Pop singer-songwriter Jepsen will write the score with Ethan Gruska, with whom she worked on her most recent album, 2023's The Loveliest Time. The musical, first reported by Billboard, rounds out its creative team with Tony-winning director and choreographer Christopher Wheeldon, who most recently provided music and lyrics for Almost Famous: The Musical; and producer Mike Bosner, who helped shepherd Shucked and Beautiful – The Carole King Musical to Broadway. Based on Shakespeare's 1594 play The Taming of the Shrew, 10 Things I Hate About You was a box office hit in 1999 that gained cult-favorite status in the years since, launching the careers of Heath Ledger and Julia Stiles. Written by Karen McCullah and Kirsten Smith and directed by Gil Junger, the romantic comedy followed the travails of the Stratford sisters in the 1990s Seattle suburbs, as they're subjected to their father's strict rules on dating and wooed by fellow students. The film was later adapted into a TV sitcom by ABC Family, which ran for 20 episodes starting in 2009. Dunham's latest project, the rom-com series Too Much, will be released by Netflix later this year. The show stars Megan Stalter as Jessica, a New Yorker who starts over in London after a breakup and connects with Will Sharpe's Felix. She is also writing a film on disgraced crypto entrepreneur Sam Bankman-Fried, of FTX collapse fame, for Apple and A24, as well as the upcoming rom-com Good Sex, starring Natalie Portman. Jepsen, the Canadian songwriter behind such hits as Call Me Maybe and Run Away With Me, took over the title role in the Broadway production of Rodgers & Hammerstein's Cinderella in 2014, and played Frenchy in Fox's Emmy-winning Grease: Live. The adaptation will be her first opportunity to work behind the scenes as a musical contributor. An opening date and theater for the 10 Things I Hate About You musical is yet to be announced.
Yahoo
27-02-2025
- Entertainment
- Yahoo
Death's Door BBQ competition is done, but a new national BBQ event is set for Door County
EGG HARBOR - The Death's Door BBQ national competition that drew so many barbecue cooks and thousands of fans to Washington Island each August is no more, but a new national barbecue competition is scheduled to come to Egg Harbor this fall. Death's Door BBQ organizers announced Feb. 25 in a post on their Facebook page they had looked into reviving the previously annual Kansas City Barbeque Society-sanctioned event, which was canceled last year after the July 13 death of co-founder, director and driving force Richard "Dick" Jepsen, about five weeks before the 13th edition was set to take place Aug. 23 and 24. About a month after Jepsen's death and after the cancellation of last year's competition, Death's Door BBQ committee members Cathy Meader and Mary Andersen each said for a story in the Advocate they hoped to bring back the event for 2025 but admitted it would be difficult at best without Jepsen's leadership and knowledge of the national barbecue scene. However, in the Facebook post and in comments for that post, Meader and Andersen said the committee began to explore bringing back Death's Door BBQ this year. But the committee subsequently learned the Brighton Barbeque Bash, an annual national competition in Oshkosh also sanctioned by the KCBS, moved its event from its usual July date to Aug. 22 and 23, which would have been the dates for Death's Door BBQ, and is planning to honor Jepsen at its event, as Death's Door would have done. "I think I can safely say we were all ready to try and bring our competition back," Andersen wrote in a comment to the post, "but with the sanctioned event in Oshkosh, the same weekend that we always held ours, we felt it was impossible. It would have been a challenge without our leader, Dick Jepsen, but we were willing to give it our best." Other comments to the post indicate organizers of the Oshkosh competition were under the impression Death's Door BBQ wasn't coming back when they scheduled their event with the new dates. Suggestions were made in the comments to simply find different dates for Death's Door BBQ. But Meader responded, and told the Advocate last August for its story on Jepsen, that the date is important because the competition draws so many visitors to Washington Island. From its beginning in 2012, Death's Door BBQ was held the last or next-to-last weekend of August, one before the Labor Day weekend, because that weekend didn't have much if any competition for tourist attention, falling between the large August festivals in Door County and Labor Day and the major fall festivals on the Peninsula. "Unfortunately there really isn't another weekend where some other event is taking place on the Island," Meader wrote in her Facebook comment. "The weekend before Labor Day was a dead weekend for the Island." Andersen told the Advocate last year Death's Door BBQ was almost definitely the biggest tourist draw for an event on the Island, attracting 2,500 to 3,500 locals and visitors annually for the weekend, along with about three dozen professional BBQ teams and numerous vendors. She also said the event provided a huge boost to local nonprofit organizations that either set up vendor booths and were allowed to keep the proceeds – the Washington Island Lions Club made about $10,000 at the 2023 event, the final one, from beer and wine sales at their booth – or received thousands of dollars in donations from Death's Door proceeds. But while Death's Door BBQ is dead, at least for this year, that doesn't mean there won't be professional barbecue teams grilling it out in competition in Door County. That's because the KCBS website is showing the Rollin Smoke at Rustic Timbers BBQ Bash is scheduled for Sept. 26 and 27 at Rustic Timbers Door County Camping in Egg Harbor. Not much information has been posted yet about this new event, but it is part of the KCBS Master Series of national sanctioned BBQ competitions. And, like Death's Door, it falls on a relatively quiet weekend on the Door County activity calendar, between Sturgeon Bay's Harvest Fest the weekend before and the Fall Fun Fest and Cider Pressing Party on Washington Island and Egg Harbor's own Pumpkin Patch two weekends later. For more on the Egg Harbor barbecue event, call 920-883-8234 or visit This article originally appeared on Green Bay Press-Gazette: Egg Harbor to host new national BBQ event with Death's Door's demise
