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DOTA News: ESL Pro Tour to Feature $15M Riyadh Masters

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March 14, 2023

DOTA News: ESL Pro Tour to Feature $15M Riyadh Masters

The ESL FACEIT Group announced the first season of the ESL Pro Tour for Dota 2 will begin with the start of the $1 million DreamLeague Season 19 on April 9.

The inaugural ESL Pro Tour will be comprised of two DreamLeague seasons, with the top teams qualifying for the $15 million Riyadh Masters at Gamers8.

DreamLeague Season 19 will run from April 9-23, with Season 20 scheduled for June 7-25. Each season will feature 16 of the top teams who have qualified via the EPT Ranking System competing over two weeks for a $1 million prize pool.

Teams will be competing remotely, with the DreamLeague seasons produced from EFG’s studios in Stockholm. The Season 19 champion will earn a direct spot in the Group Stage of the Riyadh Masters, while both the winner and runner-up teams in Season 20 will automatically advance to the Group Stage.

The championship will take place live in Riyadh, Saudi Arabia, from July 17-30.

The three teams with automatic spots will be joined by 17 additional teams that will be determined by the highest average finishes across both DreamLeague Seasons.

“Over the past couple of years, we’ve already seen the success of the ESL Pro Tour and the structure it brings to a game’s esports ecosystem,” said Shane Clarke, Director Game Ecosystems for Dota 2 at EFG. “Now, we are thrilled to expand it into the wonderful world of Dota 2 and thereby give players, fans, and partners — both existing and new — the opportunity to enjoy the best of the best that Dota 2 esports offers.

“Moreover, with the valuable Riyadh Masters competition functioning as the EPT Championship event, the circuit promises lots of electrifying moments and tier 1 action.”

–Field Level Media

Missing Q4 earnings revenue for Getty Images Holdings (GETY) but Outlook Looks Positive

Business

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March 13, 2023

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Missing Q4 earnings revenue for Getty Images Holdings (GETY) but Outlook Looks Positive

$231.5 million was Getty Images (GETY) fourth-quarter income, a 3.2% decrease from the previous year.

The business missed the Street estimate of a profit of 3 cents per share in the fourth quarter, reporting a loss of 6 cents per share.

Getty Images recorded revenue of $926.2 million for the entire fiscal year.

Despite macroeconomic headwinds, Getty achieved “solid operation success” in 2022, according to CEO Craig Peters.

“We experienced organic revenue growth that was currency neutral in each quarter, driven by robust subscription growth, subscription renewal rates, new customer growth, and rising content consumption,” the company said.

The company had $97.9 million in cash at the conclusion of the year. In the year, the business paid down debt in part with its cash. By the end of 2022, Getty Images estimated that its overall debt would be $1.434 billion.

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HSBC Purchases Silicon Valley Bank’s Britain Division for Only $2

Business

CWEB Staff

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March 13, 2023

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By Danesman1 – Own work, CC BY-SA 3.0, HSBC Image-
Tony Webster Silicon Valley Bank — Tempe, Arizona

The Silicon Valley Bank (SIVB), which failed to generate enough money to cover losses from the sale of assets, collapsed on Friday, March 10. The most recent story from BBC News indicates that HSBC UK (HSBC) has acquired SVB’s U.K. division. According to Bank of England sources, HSBC’s purchase of SVB UK was more of a preventative measure.

If HSBC didn’t make the transaction, SVB UK may also experience financial difficulties because the failure of SVP US might trigger a wave of withdrawals across the UK. The acquisition “strengthens our commercial banking brand and boosts our capacity to service innovative and fast-growing enterprises, notably in the technology and life-science sectors, in the U.K. and abroad,” according to HSBC Group CEO Noel Quinn, according to CNBC. CNBC also reported, “British Finance Minister Jeremy Hunt stressed that the deal “ensures customer deposits are protected and can bank as normal, with no taxpayer support.”

“The U.K.’s tech sector is genuinely world-leading and of huge importance to the British economy, supporting hundreds of thousands of jobs,” he added.

According to the Monday announcement from HSBC, SVB U.K. had loans of around £5.5 billion, deposits of approximately £6.7 billion, and a full-year profit before tax of £88 million in 2022. The bank estimates that SVB U.K.’s tangible equity will be around £1.4 billion.

The resolution of SVBUK’s U.S. parent bank and these actions have not directly or substantially impacted any other U.K. banks, according to the Bank of England, which also stated that the overall British banking sector is still “safe, sound, and well capitalized.”

The catastrophe that felled Silicon Valley Bank has led to new worries about banking contagion, and millionaire economist William Ackman is pleading with President Biden to “guarantee all deposits now” or else the American economy could collapse.

What’s next for Silicon Valley Bank USA? Elon Musk claims that after Silicon Valley Bank’s collapse, he is “open” to buying it.

In order to inform investors that they were aware of the issue and that they had no deposits with the bank, more than a dozen public companies filed form 8-Ks with the SEC.

Juniper Networks Inc., The manufacturer of networking equipment claimed that although it “maintains operating accounts” with Silicon Valley Bank, these accounts account for less than 1% of its overall cash, cash equivalents, and investment holdings.

Roku said in a statement with the SEC, Roku stated that SVB held $487 million, or nearly 26%, of its total cash and cash equivalents as of March 10. The amount of those deposits that Roku will be able to collect is uncertain, according to Roku. Additionally, according to the report, it has an additional $1.4 billion in cash and cash equivalents that are “spread across numerous big financial institutions.”

How Groupon Will Revolutionize And Help The Retail Industry Post Covid -19

Dr. Anthony Fauci Reacts to Calls on His Handling of COVID-19 Pandemic from Leaders, Elon Musk

Business

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March 13, 2023

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Renowned physician-scientist and infectious diseases expert Dr. Anthony Fauci has responded to those calling for his prosecution over how he handled the COVID-19 outbreak. The now-retired Fauci called his critics ‘insane,’ during an interview with CNN’s Jim Acosta on Saturday. His management of the virus, which according to the Centers for Disease Control and Prevention claimed more than one million American lives, has drawn criticism from some, including Twitter CEO Elon Musk and several prominent Republicans.

Fauci claimed that months after stepping down from his position as head of the National Institute of Allergy and Infectious Diseases, he and his family are still getting death threats because of his reaction to the 2020 pandemic. Additionally, Fauci addressed Musk’s post from December, in which he had stated: “My pronouns are Prosecute/Fauci,” without elaborating on why Fauci should be brought to justice.

Critics of Fauci’s response to the pandemic have disapproved of his backing for partial shutdowns that were enacted to stop the virus’ spread but were blamed on financial difficulties. Others have expressed worry about his position regarding the COVID-19 virus’s disputed origins and his support for the vaccine, which has been shown to be successful in preventing serious illness.

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While scientists still primarily believe the virus occurred instinctively in animals and then transmitted into humans in an outbreak in Wuhan’s market, the US Department of Energy’s Office of Intelligence and Counterintelligence is reportedly on a second tentacle of the US government intelligence apparatus. Along with the FBI, minority’s perceptions also allegedly indicate that the virus occurred because of some work in a Chinese lab and that there could be some truth in the so-called “lab leak theory

After FBI Director Chris Wray told Fox News that his agency believed the Covid-19 pandemic was caused by a Chinese lab leak was the “most likely” explanation, criticism of Fauci was rekindled last week. GOP leaders claim. Fauci dismissed this idea as a conspiracy. A new committee that the House Republicans established is still reportedly investigating this as well as pandemic relief money fraud, though a hearing did take place in late January.

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Much of the intelligence community is still divided or inclined toward the natural occurrence theory, which scientific studies have determined to be the most probable explanation. However, no one has been able to completely disprove the lab leak hypothesis in the absence of compelling evidence.

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Anthony Fauci Says Trump Attempted to Persuade Him to Minimize the Severity of The COVID Pandemic

President Biden reassures Americans of no bailout after SVB collapse, says ‘banking system is safe’

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March 13, 2023

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President Joe Biden delivers remarks on the banking system, Monday, March 13, 2023, in the Roosevelt Room of the White House. (Official White House Photo by Erin Scott)

On Monday, President Joe Biden addressed the nation after Silicon Valley Bank (SVB) was taken over by federal regulators, on Friday. President Joe Biden reassured the American people that the nation’s banking system is safe and that there would be no bailout. He also said that taxpayers would not bear the brunt for the bank’s mismanagement. He said that the current management would be fired. There was a lot of uncertainty after another bank, Signature Bank in New York, was taken over by regulators, on Sunday.

On Monday, President Biden said that Americans could rest assured that the country’s “banking system is safe” and that their “deposits are safe.” He said that his administration would not stop and would do what was needed.

He also emphasized and repeated that the taxpayers would not bear any losses and that “the money will come from the fees that banks pay into the Deposit Insurance Fund.”

He also assured the American people that the management of these banks would be fired and that people running in a bank should no longer work in it “if the bank is taken over by FDIC.”

Regulators have taken over both Silicon Valley Bank and Signature Bank. Earlier, Treasury Secretary Janet Yellen, together with lawmakers across both the parties ruled out the possibility of a bailout for these banks.

President Joe Biden also promised that there would be new regulations. He also mentioned that Republicans under former president Donald Trump had rolled back some of the Dodd Frank law that was passed after the 2008 financial crisis.

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On Monday morning, both the Dow Jones Industrial Average and S&P 500 opened lower after the takeover of SVB and Signature Bank. However, the market rallied and closed above the previous market close later on Monday.

The US Federal Deposit Insurance Corporation (FDIC) said that all the deposits of Silicon Valley Bank had been deposited into a newly created bridge bank. The regulator also said that depositors could access their money from Monday morning.

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The US added 311K jobs in February and had the lowest unemployment rate in more than 50 years, which is credited to President Joseph Biden

Watch: CEO of Silicon Valley Bank sold $3.6 million worth of stock before collapse

Business
US

CWEB Staff

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March 13, 2023

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Watch: CEO of Silicon Valley Bank sold $3.6 million worth of stock before collapse

A three billion account with Silicon Bank Valley Bank (SIVB) was a crypto currency company. Ninety-five percent of depositors were considerable risk companies. Once the federal government takes control of Silicon Valley Bank and Signature Bank, customers should have access to their money on Monday.

But the cause of its downfall has been brewing for a while. During the period of almost zero interest rates, SVB invested billions in US government bonds, just like many other banks. As the Federal Reserve aggressively increased interest rates to control inflation, what once appeared to be a safe bet quickly unraveled.

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Prior to its demise, Silicon Valley Bank, which was founded in 1983, ranked as America’s 16th-largest commercial bank. About half of all American venture-backed technology and life science startups received banking services from it.

Although the US federal government has intervened to guarantee customer savings, the collapse of SVB has continued to have an impact on international financial markets. Also, the government insured the deposits of the regional bank Signature Bank, which was on the verge of failure, and closed it down.

Today, Monday March 13, 2023, regional declines in bank stocks are occurring.

Invested in long term bonds when the fed is raising interest rates should have been a red flag for regulators. SVB did not invest in short term risk, if it did it would not have made any money. Bad management by the bank was a culprit in the demise of SVB.

The CEO told customers not to panic but that was not the answer depositors wanted to hear. Days before a historic bank catastrophe, the CEO of Silicon Valley Bank sold $3.6 million worth of stock in a potentially “problematic” transaction. The planned share-sale plans, also known as 10b5-1 plans, are criticized for having fundamental flaws, such as the fact that they don’t require mandatory cooling-off periods. The SEC makes amendments to modernize rule 10b5-1 insider trading plans and related disclosures.

“The changes to the rule update the conditions that must be met for the 10b5-1 affirmative defense. Specifically, the amendments adopt cooling-off periods for persons other than issuers before trading can commence under a Rule 10b5-1 plan. They also add a condition that all persons entering into a Rule 10b5-1 plan must act in good faith with respect to the plan. The amendments further provide that directors and officers must include representations in their plans certifying at the time of the adoption of a new or modified Rule 10b5-1 plan that: (1) they are not aware of any material nonpublic information about the issuer or its securities; and (2) they are adopting the plan in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b-5.” Source SEC.gov

This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC

Deposits will be protected, with no taxpayer support

I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise

– Jeremy Hunt (@Jeremy_Hunt) March 13, 2023

A Bank Term Financing Program is also being developed by the Federal Reserve to protect institutions impacted by the instability brought on by the SVB bankruptcy. Financial advisors tell consumers not to panic. This is in response to two bank collapses and significant actions taken by US authorities to protect depositors.

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On Monday morning, the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC.

President Joseph Biden stated on Monday that “every American should feel sure their deposits will be there if and when they need them” in a speech meant to allay concerns about the US banking sector.

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WTA News: No. 3 seed Jessica Pegula fights back at Indian Wells

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March 13, 2023

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WTA News: No. 3 seed Jessica Pegula fights back at Indian Wells

No. 3 seed Jessica Pegula of the United States and seventh-seeded Maria Sakkari of Greece were among those that rallied back from early deficits to avoid upsets on Sunday in the round of 32 at the BNP Paribas Open in Indian Wells, Calif.

Pegula managed to pull off a 3-6, 6-4, 7-5 victory against Russian 26th seed Anastasia Potapova, while Sakkari claimed a 3-6, 6-2, 6-4 win over 27th seed Anhelina Kalinina of Ukraine. Both Pegula and Sakkari were strong when it came to saving break points, as Pegula saved 9 of 13 and Sakkari saved 6 of 9. Sakkari also won 35 of 49 first-serve points.

“I think I started playing a little bit smarter, getting a lot of depth on my shots, everything got a little bit better,” Pegula said. “(Potapova) came out playing really well and I was pretty frustrated. She’s a great player. … I think it was just a respectable battle today.”

Pegula will next face 15th-seeded Czech Petra Kvitova, who, like Pegula and Sakkari, had to rally to avoid an upset on Sunday. Kvitova beat No. 24 seed Jelena Ostapenko of Latvia 0-6, 6-0, 6-4.

Along with Pegula, sixth seed Coco Gauff represented the United States well by dispatching Linda Noskova of the Czech Republic, 6-4, 6-3. However, Americans Madison Keys and Payton Stearns both lost, with the 19th-seeded Keys retiring after one set.

“I feel like I’ve played most of the tournaments now. I have friendships with other players. But, yeah, I feel on the game and inexperience-wise, I’m still on the younger end compared to some other players,” Gauff said. “But I guess in the vibe, just walking around, I don’t feel like the new kid on the block anymore.”

The Czech Republic’s Karolina Pliskova managed the only upset of the day, earning a 6-1, 7-5 sweep of Russia’s Veronika Kudermetova, the 11th seed. Pliskova’s countrywoman, No. 16 seed Barbora Krejcikova, was also victorious, ousting Xinyu Wang of China, 6-2, 6-7 (1), 6-2.

Fourth-seeded Tunisian Ons Jabeur survived a scare from Magdalena Frech of Poland, but managed to prevail 4-6, 6-4, 6-1. Sweden’s Rebecca Peterson also fought back in a battle between unseeded foes, defeating Switzerland’s Jil Teichmann 3-6, 6-3, 6-1.

In an all-Spanish matchup, Paula Badosa cruised to a 6-2, 7-5 straight-set victory over Nuria Parrizas Diaz.

–Field Level Media

MLS News: Denis Bouanga powers LAFC past Revolution

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March 13, 2023

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MLS News: Denis Bouanga powers LAFC past Revolution

Denis Bouanga scored his first two goals of the season and LAFC continued their perfect start by pulling away to a 4-0 victory over the visiting New England Revolution on Sunday night.

Bouanga has now scored five times in the space of four days after he had a hat trick on Thursday night in LAFC’s 3-0 victory at Costa Rica’s LD Alajuelense in the first leg of the CONCACAF Champions League.

He also became the second player to score a penalty for LAFC (2-0-0, 6 points) in MLS play this season, since Carlos Vela was one of four starters from Thursday who were not in Sunday’s starting lineup.

Timothy Tillman and Stipe Biuk also scored their first career MLS goals as two of the beneficiaries of manager Steve Cherundolo’s decision to rest some regulars.

Bouanga also assisted Biuk’s very late strike, and also struck the woodwork with a second-half free kick to complete an exceptional night.

Djordje Petrovic made eight saves for New England (2-1-0, 6 points), which started the match promisingly but was the second-best team once Bouanga converted his penalty in the 14th minute.

Petrovic nearly kept Biuk’s very late effort out, but Biuk’s finish off Bouanga’s cross had enough momentum to take the ball — and Petrovic — over the line.

Gustavo Bou made his season debut for the Revs, but 2021 MLS MVP Carles Gil was a surprise omission from the starting lineup. Gil came on as a second-half substitute, then had to exit the match before full-time with an apparent injury.

Tillman made the first key play of the match when he drew a penalty on a cutback inside the box that induced Bou into a somewhat clumsy foul.

Referee Allen Chapman pointed to the spot to relatively few protests from New England players. And Bouanga smashed his penalty up the middle as Petrovic guessed in the wrong direction.

It was 2-0 in 67th minute through Bouanga again, this time when he ran onto Ryan Hollingshead’s ball over the top, timed his run to remain onside and finished beyond a stranded Petrovic. That started a late onslaught from the home side.

–Field Level Media

Report: New pro women’s hockey league set for 2023-24 debut

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March 13, 2023

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Report: New pro women’s hockey league set for 2023-24 debut

A new professional women’s hockey league is expected to launch for the 2023-24 season, The Athletic reported Monday.

The members of the Professional Women’s Hockey Players’ Association learned over the weekend from Stan Kasten, the president of the Los Angeles Dodgers and part of the group working on the startup league, that the new league is a go.

The PWHPA is a group of women who play games across the country and showcase their skills. They have organized a union and are negotiating a collective bargaining agreement with its group of investors, according to The Athletic.

The Los Angeles Times said the PWHPA reached out last year to an investment and consulting firm led by retired tennis great Billie Jean King and to a group run by Mark Walter, the Dodgers’ controlling owner, to explore backing a new league.

According to the Times, a six-team league is in the works. The average annual pay is likely to be about $55,000, per the report.

The PWHPA was formed after the collapse of the Canadian Women’s Hockey League in 2019.

–Field Level Media

NHL News: NHL roundup: Devils tie Hurricanes atop division after 3-0 win

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March 13, 2023

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NHL News: NHL roundup: Devils tie Hurricanes atop division after 3-0 win

Jesper Bratt scored twice and goalie Vitek Vanecek stopped all 32 shots he faced Sunday night as the host New Jersey Devils moved into a tie atop the Metropolitan Division with Carolina by beating the Hurricanes 3-0 in Newark, N.J.

Jack Hughes scored in the first for the Devils, who have won three straight and have 94 points. New Jersey has 44 wins, one more than the Hurricanes, while Carolina has a game in hand.

The shutout was the third of the season for Vanecek.

Goalie Pyotr Kochetkov recorded 20 saves for the Hurricanes, who were blanked for the second time in as many nights following a four-game winning streak. Carolina, which was shut out just twice in the first 63 games, has scored just one goal in its last three games.

Golden Knights 5, Blues 3

Pavel Dorofeyev earned his first two NHL points and goaltender Jiri Patera recorded his first NHL victory as visiting Vegas defeated St. Louis.

Dorofeyev had a goal and an assist and Patera made 30 saves for the Golden Knights, who have won six of their last seven games. William Karlsson and Alex Pietrangelo had a goal and an assist each for Vegas. Jonathan Marchessault and Michael Amadio also scored and Reilly Smith had two assists.

Jakub Vrana, Jordan Kyrou and Tyler Pitlick scored for the Blues and Jordan Binnington made 26 saves.

Flames 5, Senators 1

Rasmus Andersson, Elias Lindholm and Jonathan Huberdeau all collected one goal and one assist to lead host Calgary to a win over Ottawa.

Noah Hanifin and Trevor Lewis also scored for the Flames, who snapped a five-game home losing streak to give their playoff hopes a boost. Mikael Backlund and Nazem Kadri both collected a pair of assists. Goaltender Jacob Markstom made 30 saves in another strong performance.

Tim Stutzle scored the lone goal for the Senators, who lost games on consecutive nights and have dropped three of their last four outings. Goalie Kevin Mandolese, in his third career game, stopped 34 shots.

Red Wings 5, Bruins 3

Dylan Larkin tallied a goal and two assists and host Detroit held off Boston to salvage a weekend split.

Alex Chiasson, Moritz Seider, Adam Erne and Andrew Copp also scored for the Red Wings, which avenged a 3-2 loss in Boston on Saturday. Lucas Raymond had two assists and Ville Husso made 30 saves.

Matt Grzelcyk and David Pastrnak had a goal and an assist apiece for Boston, which clinched a playoff berth by beating Detroit on Saturday. Jake DeBrusk also scored, Pavel Zacha posted two assists and Jeremy Swayman stopped 21 shots.

Penguins 3, Rangers 2 (OT)

Kris Letang scored a power-play goal on a one-timer from the top of the slot at 1:38 of overtime to give Pittsburgh a win over visiting New York.

Rickard Rakell and Jason Zucker also scored, and Sidney Crosby and Evgeni Malkin each had two assists for the Penguins, who are 7-1-1 in their past nine games. Pittsburgh goaltender Tristan Jarry made 27 saves.

Barclay Goodrow and Chris Kreider scored for the Rangers, who had won two straight.

Jets 3, Lightning 2

Nino Niederreiter and Morgan Barron each scored in the second period to lift visiting Winnipeg past Tampa Bay.

Winnipeg’s Nate Schmidt also scored a goal and fellow blueliner Brenden Dillon notched an assist in his 800th career game. Connor Hellebuyck made 33 saves for the Jets, who have won two in a row after losing seven of their previous eight games (1-5-2).

The Lightning’s Anthony Cirelli collected a goal and an assist, Alex Killorn also tallied and Brandon Hagel notched two assists. Andrei Vasilevskiy turned aside 19 shots for slumping Tampa Bay, which has lost 10 of its last 14 games (4-6-4).

Coyotes 5, Wild 4 (OT)

Clayton Keller poked in a rebound with 50.6 seconds left in overtime to give Arizona a victory over Minnesota in Tempe, Ariz.

Barrett Hayton, who finished with two goals and two assists, fired a shot from the top of the right circle that squirted through the pads of Minnesota goaltender Filip Gustavsson and came to a stop behind him in the crease. Keller then raced in from the left side and backhanded the puck into the goal for his second of the night and 29th of the season.

Keller also had an assist, Brett Ritchie had a goal and two assists and Juuso Valimaki had two assists for Arizona, which extended its point streak to five games (3-0-2). Karel Vejmelka finished with 30 saves. Ryan Reaves finished with a Gordie Howe hat trick (goal, assist and fight), Connor Dewar had a goal and an assist and Mats Zuccarello and Matt Boldy also scored goals for Minnesota.

Predators 5, Ducks 4 (OT)

Tommy Novak capped his three-point night with the game-winning goal — his second in the match — 1:12 into overtime as Nashville earned a win over host Anaheim.

After Nashville goaltender Juuse Saros (33 saves) stopped a two-on-one Anaheim rush, Novak connected on his club’s second two-on-zero breakaway in the overtime session. The top-line center took a pass from Philip Tomasino, who had a goal and an assist, and buried his 12th marker. Roman Josi handed out two assists to reach 600 career points and Colton Sissons dished two helpers for the Predators.

Anaheim opened its eight-game homestand by getting two goals from rookie Mason McTavish and one each from Frank Vatrano and Troy Terry. Cam Fowler had three assists while goalie John Gibson made 31 saves. McTavish’s second goal — his 16th this season — evened the game with 26 seconds left in regulation to force overtime.

–Field Level Media

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DOTA News: ESL Pro Tour to Feature $15M Riyadh Masters

Missing Q4 earnings revenue for Getty Images Holdings (GETY) but Outlook Looks Positive

HSBC Purchases Silicon Valley Bank’s Britain Division for Only $2

Dr. Anthony Fauci Reacts to Calls on His Handling of COVID-19 Pandemic from Leaders, Elon Musk

President Biden reassures Americans of no bailout after SVB collapse, says ‘banking system is safe’

Watch: CEO of Silicon Valley Bank sold $3.6 million worth of stock before collapse

WTA News: No. 3 seed Jessica Pegula fights back at Indian Wells

MLS News: Denis Bouanga powers LAFC past Revolution

Report: New pro women’s hockey league set for 2023-24 debut

NHL News: NHL roundup: Devils tie Hurricanes atop division after 3-0 win

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