Businesses
News releases, reports, statements and associated documents from U.S. and international businesses.
Featured Stories
Spark by Hilton Set to Make European Debut in the UK
LONDON, England, May 18 -- Hilton Worldwide issued the following news release on May 17, 2024:
Hilton (NYSE: HLT) today announced the European debut of its industry-disrupting premium economy brand Spark by Hilton, with the signing of Spark by Hilton London Romford.
Set to open in the coming weeks, the 125-room property, signed as part of a franchise agreement with Romford South Ltd., marks Hilton's entry into the premium economy segment in Europe. The signing follows the successful launch of the first-ever Spark by Hilton in 2023 - the fastest announcement-to-market brand in the company's history.
... Show Full Article
LONDON, England, May 18 -- Hilton Worldwide issued the following news release on May 17, 2024:
Hilton (NYSE: HLT) today announced the European debut of its industry-disrupting premium economy brand Spark by Hilton, with the signing of Spark by Hilton London Romford.
Set to open in the coming weeks, the 125-room property, signed as part of a franchise agreement with Romford South Ltd., marks Hilton's entry into the premium economy segment in Europe. The signing follows the successful launch of the first-ever Spark by Hilton in 2023 - the fastest announcement-to-market brand in the company's history.Since the first opening last October, the brand's footprint has rapidly grown to more than 30 operating hotels, with more than 175 under development.
Patrick Fitzgibbon, senior vice president, development EMEA, Hilton, said, "We are thrilled to welcome Spark by Hilton to Europe, marking a significant milestone for the brand following its stellar launch and subsequent rapid expansion across the US. With many more opportunities on the horizon, this initial signing signals the beginning of an exciting journey to redefine the premium economy segment, prioritising value for guests and maximising returns for our owners."
Ideal for guests looking to maximise the value of their travel budget without compromising on quality, the hotel will deliver reliable, friendly essentials with unexpected touches, and feature Spark's signature amenities, including:
* Guest rooms outfitted with practical amenities, including simple streamlined furniture, an open closet, multi-purpose work surface and bright bathroom featuring Zero% bathroom amenities.
* Bright public spaces providing multi-functional seating, from communal tables to rocking chairs, offering plenty of comfortable options for guests to socialise or work.
* Daily breakfast buffet comprising premium coffee, juice and bagels with spreads.
* A signature Hydration Cart featuring complimentary still and sparkling water as well as whole fruit.
* A 24-hour retail market, where on-the-go travellers can purchase food, drinks and other essentials around the clock.
* Simple, inspired design with splashes of colour, vibrant exterior statement walls and energising artwork.
The brand not only delivers exceptional value for guests, but also offers a compelling proposition for owners and operators. A cost-effective conversion brand, it provides a unique opportunity for existing properties by reimagining the premium economy segment and focusing on areas that drive the guest experience, while also providing a consistent look and feel across each hotel.
Located in the heart of Romford town centre, Spark by Hilton London Romford will boast easy access to more than 400 shops, restaurants and cafes across four shopping centres, alongside the town's famous outdoor market, which first opened in 1247 by Royal Order.
Located adjacent to Romford Station, the hotel also offers direct access to central London, Stansted Airport and Heathrow Airport via the recently opened Elizabeth line, providing the ideal base for guests looking to enjoy the local area or explore further afield.
Alissa Klees, brand leader, Spark by Hilton, said, "After an incredibly successful launch across the US last year, we're delighted to bring our breakthrough premium economy brand to Europe, providing a consistently reliable experience for this underserved group of travellers. Spark by Hilton delivers all the essentials done exceptionally well, alongside reliable and friendly service to ensure every traveller can enjoy a great hotel experience."
Adi Hodzic, CEO, Romford South Ltd., said, "We are incredibly excited to partner with Hilton to launch the first Spark by Hilton hotel in Europe. This hotel provides a fantastic base for guests looking to explore the local area and benefit from Romford's fantastic transport links. We're grateful to Hilton for their support as we prepare for opening, and we can't wait to see the hotel welcome its first guests later this month."
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About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 23 world-class brands comprising more than 7,600 properties and nearly 1.2 million rooms, in 126 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No. 1 World's Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices for seven consecutive years. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the nearly 190 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone.
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Original text here: https://stories.hilton.com/releases/spark-by-hilton-set-to-make-european-debut-in-the-uk
[Category: BizTravel]
Scripps News Reporting on Ukrainian Orphans Receives Two National Journalism Awards
CINCINNATI, Ohio, May 18 -- The E.W. Scripps, a broadcasting company, issued the following news release:
Scripps News has been honored with two national journalism awards for its investigation about the plight of Ukrainian orphans abducted and sent to Russia amid the war. "Scripps News Investigates: Ukraine's Stolen Orphans" won a Deadline Club Award and a New York Press Club Award.
Scripps News' award-winning international correspondent Jason Bellini introduces viewers to the innocent Ukrainian orphans who were abducted and sent to Russia. Scripps News shared the chilling images of the youngest
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CINCINNATI, Ohio, May 18 -- The E.W. Scripps, a broadcasting company, issued the following news release:
Scripps News has been honored with two national journalism awards for its investigation about the plight of Ukrainian orphans abducted and sent to Russia amid the war. "Scripps News Investigates: Ukraine's Stolen Orphans" won a Deadline Club Award and a New York Press Club Award.
Scripps News' award-winning international correspondent Jason Bellini introduces viewers to the innocent Ukrainian orphans who were abducted and sent to Russia. Scripps News shared the chilling images of the youngestorphans as they're taken away -- video now considered evidence in a war crimes trial.
Watch here: "Scripps News Investigates: Ukraine's Stolen Orphans" (https://www.scrippsnews.com/world/europe/scripps-news-investigates-a-race-to-rescue-ukraine-s-abducted-orphans)
The December report sparked a new sense of urgency to rescue Denys, a central character in the forced deportation of Ukrainian orphans. After covering Denys' story for more than two years, this year, Bellini exclusively reported on Denys and his escape, when he was finally free to tell his story.
Additional members of the Scripps News team that helped produce this investigation include: Dmytro Horyevoy, producer; Linda Pattillo, deputy managing editor-investigative/global affairs; Scott McGhee; Alex Brauer; Max McClellan, executive producer, investigative; and Steve Turnham, Washington Bureau Chief and managing editor.
"This team's well-deserved recognition comes after providing more than two years of coverage on the Russian-Ukraine War," Pattillo said. "Jason has brought viewers to the frontline trenches and behind-the-scenes to show stories of heroism and heartbreak in Ukraine."
Deadline Club Award
"Scripps News Investigates: Ukraine's Stolen Orphans" won a Deadline Club Award from the Society of Professional Journalists in the National TV Series or Investigative Reporting category. Scripps News was nominated alongside ABC News and NBC News. The Deadline Club is one of SPJ's largest chapters, serving New York-area journalists. The 2024 winners were selected from more than 550 entries. Scripps News was honored on May 16 at the annual awards dinner.
New York Press Club Award
"Scripps News Investigates: Ukraine's Stolen Orphans" won a New York Press Club Journalism Award in the national continuing coverage - television category. The annual New York Press Club Journalism Awards honor excellence in various categories by writers, reporters, editors, producers and photographers. The competition is open to individuals and news organizations based or operating in New York, New Jersey and Connecticut and to individuals working elsewhere on behalf of New York metro-area news organizations. Winners will be celebrated during an awards dinner, hosted by the New York Press Club, on June 3.
Bellini and the Scripps News team also received a third place National Headliner Award in April for their reporting on Ukraine's Stolen Orphans.
View all of Bellini's reporting on the Russia-Ukraine War here (https://www.scrippsnews.com/investigations/russia-ukraine-war-on-the-ground).
Scripps News delivers independent, original reporting from journalists in more than 50 U.S. markets, including New York -- broadcasting over-the-air and streaming live on every major streaming device and platform. To search your local channel number or find a list of streaming platforms, visit ScrippsNews.com.
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About Scripps News
Scripps News is the nation's only free 24/7 broadcast news network, serving viewers opinion-free national and international news across the United States. Scripps News partners with the Scripps local station group to cover news from over 50 bureaus. Scripps News is available in more than 94% of U.S. television homes free and over the air with a digital antenna, on mobile with the Scripps News app and online at ScrippsNews.com. It is also carried on streaming platforms and services, including Samsung TV Plus, Roku, Amazon Fire TV, Pluto TV, Apple TV, Sling, Vizio and Xumo. Scripps News is part of The E.W. Scripps Company (NASDAQ: SSP).
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Original text here: https://scripps.com/press-releases/scripps-news-reporting-on-ukrainian-orphans-receives-two-national-journalism-awards/
[Category: BizMedia]
Platinum Equity Co-President Jacob Kotzubei Talks Coping With Inflation, Firm's Carveout Expertise at Milken Institute Global Conference
BEVERLY HILLS, California, May 18 -- Platinum Equity, an investment firm, issued the following news release:
For the second consecutive year, Platinum Equity Co-President Jacob Kotzubei was invited to participate in a Milken Institute Global Conference panel discussion.
Flanked by other senior private equity investment professionals during an hour-long discussion titled Private Equity Delivering Value, Kotzubei addressed many topics, which included:
* Platinum Equity's operational approach to building value.
* Platinum Equity's long history of creating value through complex carveouts from corporate
... Show Full Article
BEVERLY HILLS, California, May 18 -- Platinum Equity, an investment firm, issued the following news release:
For the second consecutive year, Platinum Equity Co-President Jacob Kotzubei was invited to participate in a Milken Institute Global Conference panel discussion.
Flanked by other senior private equity investment professionals during an hour-long discussion titled Private Equity Delivering Value, Kotzubei addressed many topics, which included:
* Platinum Equity's operational approach to building value.
* Platinum Equity's long history of creating value through complex carveouts from corporatesellers.
* Platinum Equity's portfolio-wide approach to the Federal Reserve's interest rate policies.
"Across private equity as an asset class, the surface still looks really quite calm," Kotzubei explained to a packed ballroom.
He acknowledged that the Fed's efforts to fight inflation by raising interest rates appear to be working.
He cautioned that in a levered ecosystem, however, increased borrowing costs put pressure on portfolio company balance sheets.
"Defaults haven't exploded, but there are a lot of businesses being held in private equity that are at or near negative cashflow. And the pressure point is not the month or the quarter or even the year, it's the maturity," he explained.
"It is a cost that is going up in your business, and if you don't have a system and a team that can adapt, you have a problem."
"I think there are many people (in private equity) whose entire careers have been in more docile environments. I think they just don't have those skills."
Kotzubei said the key for Platinum Equity, which has been through multiple cycles over the firm's 29 years in the buyout business, has been engaging with portfolio company management teams developing comprehensive plans.
"We were able to go across our entire portfolio of 50-plus companies and have conversations with the management teams about how to react," Kotzubei said. "One way to react is making sure you have a really good pricing strategy and pricing discipline."
And strong, proactive leadership teams are a must.
"We had management teams who were seeing it in their business and had a plan, and we had management teams who weren't seeing it but once they heard from us, kind of understood it and created a plan," said Kotzubei.
"We had the occasional conversation with management teams who weren't seeing it, didn't want to prepare a plan, didn't think they needed to, and that was a very long conversation."
Ultimately, Kotzubei said he believes the most successful CEOs appreciate the partnership with Platinum Equity and leverage the firm's deep operations experience.
"We have over 300 employees at Platinum and about a hundred of those are on the operations side. We offer (portfolio company management teams) a lot of help and what we have found is that the most capable, most secure leaders don't fear that help, they embrace it."
Earlier in the discussion, Kotzubei was asked about competition in the current M&A market on the buy side.
"I think where you can get better opportunities is where there is complexity," he answered. "We specialize in corporate divestitures, we have for 29 years, and we love large, complex global corporate divestitures. You can see a lot of opportunity, but also the competition can winnow quite a bit because that's a very tough skillset."
The day before the Milken panel, Platinum Equity announced it had completed the acquisition of Kohler Energy, a carveout of the global maker of backup power generators and energy resilience solutions from Kohler Co.
Kotzubei cited Vertiv Holdings as an example of Platinum Equity's carveout success. Initially a $4.2 billion acquisition from Emerson that was rebranded as Vertiv, the company was later merged with a special purpose acquisition company and listed on the New York Stock Exchange (NYSE: VRT).
Vertiv provides critical infrastructure and services for data centers and its market cap has grown to approximately $30 billion. It is currently the most financially successful SPAC transaction ever.
"We identified a market that we thought was a good market, a business that was under optimized in a complex global corporate divestiture where we have a skillset that others didn't," he concluded.
It was the 27th annual Milken gathering, and Kotzubei joined a lineup of prominent investment bankers, institutional investors, and celebrities at the bipartisan think tank's gathering to promote progress and prosperity.
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Original text here: https://www.platinumequity.com/news/platinum-equity-co-president-jacob-kotzubei-talks-coping-with-inflation-firms-carveout-expertise-at-milken-institute-global-conference/
[Category: BizFinancial Services]
Marcus & Millichap Arranges the Sale of a Washington Industrial Building
MARYSVILLE, Washington, May 18 -- Marcus and Millichap issued the following news release:
Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Marysville - 7302 44th Ave NE, a 15,100-square foot industrial property located in Marysville, WA. The asset sold for $2,035,000.
RJ Vara, an investment specialist in Marcus & Millichap's Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Marysville - 7302
... Show Full Article
MARYSVILLE, Washington, May 18 -- Marcus and Millichap issued the following news release:
Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Marysville - 7302 44th Ave NE, a 15,100-square foot industrial property located in Marysville, WA. The asset sold for $2,035,000.
RJ Vara, an investment specialist in Marcus & Millichap's Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Marysville - 730244th Ave NE is located at 7302 44th Ave NE in Marysville, WA. The property was 100% occupied at the time of sale.
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Original text here: https://www.marcusmillichap.com/news-events/press/2024/05/5-17-industrial-building-wa
Labor & Employment Attorney Katherine Varrati Cohodes Joins Fox Rothschild in Chicago
PHILADELPHIA, Pennsylvania, May 18 -- Fox Rothschild, a law firm, issued the following news release:
Fox Rothschild is pleased to welcome Katherine Varrati Cohodes to our Chicago office as counsel in the Labor & Employment Department.
Cohodes is a strategic adviser on a range of labor and employment issues for clients in a cross section of industries, including clients in the nonprofit and education sectors.
She has extensive experience counseling on a wide variety of labor and employment issues, advising on risk mitigation strategies, overseeing internal investigations, labor relations, employee
... Show Full Article
PHILADELPHIA, Pennsylvania, May 18 -- Fox Rothschild, a law firm, issued the following news release:
Fox Rothschild is pleased to welcome Katherine Varrati Cohodes to our Chicago office as counsel in the Labor & Employment Department.
Cohodes is a strategic adviser on a range of labor and employment issues for clients in a cross section of industries, including clients in the nonprofit and education sectors.
She has extensive experience counseling on a wide variety of labor and employment issues, advising on risk mitigation strategies, overseeing internal investigations, labor relations, employeeengagement strategies, collective bargaining negotiations, grievances and collective bargaining agreement administration.
Cohodes was previously in-house labor and employment counsel at a multinational machinery and construction equipment company, and in-house counsel for Dyson and for a multistate cannabis operation with cultivation, corporate and retail functions. Through these roles, she has firsthand experience with a broad range of workplace challenges.
She earned her J.D. from the University of Pennsylvania Law School, a Certificate in Management from the University of Pennsylvania Wharton School and her B.S. from the University of Cincinnati.
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Original text here: https://www.foxrothschild.com/news/labor-employment-attorney-katherine-varrati-cohodes-joins-fox-rothschild-in-chicago
[Category: BizLaw/Legal]
Jennifer Lopez, Kevin Costner, Amy Poehler and More Guests on ABC's 'Jimmy Kimmel Live!,' May 20-24
BURBANK, California, May 18 -- ABC, a division of Walt Disney, issued the following news release:
ABC's Emmy(R) Award-winning late-night talk show, "Jimmy Kimmel Live!," airs every weeknight at 11:35 p.m. EDT and features a diverse lineup of guests that includes celebrities, athletes, musical acts, comedians and human-interest subjects, along with comedy bits and a house band.
The following episodes are scheduled to air the week of May 20-24 (subject to change):
Monday, May 20
1. Jennifer Lopez ("Atlas") 2. Tony Goldwyn ("Ezra") 3. Slash sitting in with Cleto and the Cletones
Tuesday, May
... Show Full Article
BURBANK, California, May 18 -- ABC, a division of Walt Disney, issued the following news release:
ABC's Emmy(R) Award-winning late-night talk show, "Jimmy Kimmel Live!," airs every weeknight at 11:35 p.m. EDT and features a diverse lineup of guests that includes celebrities, athletes, musical acts, comedians and human-interest subjects, along with comedy bits and a house band.
The following episodes are scheduled to air the week of May 20-24 (subject to change):
Monday, May 20
1. Jennifer Lopez ("Atlas") 2. Tony Goldwyn ("Ezra") 3. Slash sitting in with Cleto and the Cletones
Tuesday, May21
1. Kevin Costner ("Horizon: An American Saga - Chapter 1") 2. Pamela Adlon ("Babes") 3. Musical Guest HARDY 4. Slash sitting in with Cleto and the Cletones
Wednesday, May 22
1. Amy Poehler ("Inside Out 2") 2. Patton Oswalt ("The 1% Club") 3. Slash sitting in with Cleto and the Cletones
Thursday, May 23
TBC
Friday, May 24
TBC
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Original text here: https://www.dgepress.com/abc/pressrelease/jennifer-lopez-kevin-costner-amy-poehler-and-more-guests-on-abcs-jimmy-kimmel-live-may-20-24/
[Category: BizArts/Cultural]
Fox Chase's Dr. Daniel Geynisman Named Editor-in-Chief for JNCCN--Journal of the National Comprehensive Cancer Network
PHILADELPHIA, Pennsylvania, May 18 (TNSres) -- The Fox Chase Cancer Center, a part of Temple University Health System, issued the following news:
Daniel M. Geynisman, MD, Chief of the Division of Genitourinary Medical Oncology and an Associate Professor in the Department of Hematology/Oncology at Fox Chase Cancer Center, has been appointed Editor-in-Chief for JNCCN--Journal of the National Comprehensive Cancer Network. The National Comprehensive Cancer Network (NCCN) is a nonprofit alliance of leading cancer centers devoted to patient care, research, and education.
"It is an honor to be named
... Show Full Article
PHILADELPHIA, Pennsylvania, May 18 (TNSres) -- The Fox Chase Cancer Center, a part of Temple University Health System, issued the following news:
Daniel M. Geynisman, MD, Chief of the Division of Genitourinary Medical Oncology and an Associate Professor in the Department of Hematology/Oncology at Fox Chase Cancer Center, has been appointed Editor-in-Chief for JNCCN--Journal of the National Comprehensive Cancer Network. The National Comprehensive Cancer Network (NCCN) is a nonprofit alliance of leading cancer centers devoted to patient care, research, and education.
"It is an honor to be namedEditor-in-Chief for JNCCN," said Geynisman. "Fox Chase Cancer Center was a founding member institution for NCCN, and the opportunity to lead JNCCN is an enormous privilege. I am excited to expand upon the legacy of practice-setting guidelines and outstanding research contributions published in JNCCN and look forward to working with the editorial board and journal staff to continue to build and grow the journal as a premier destination for oncology research."
JNCCN is dedicated to improving the quality of cancer care locally, nationally, and globally, and is focused on the highest quality original research in the areas of outcomes, quality improvement, and policy. It is also a trusted resource for information on the NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines).
"We are thrilled to welcome Dr. Geynisman into this crucial position for JNCCN," said Crystal S. Denlinger, MD, Chief Executive Officer for NCCN. "Our journal fills many important roles when it comes to oncology knowledge sharing. In addition to publishing exclusive insights and updates for the NCCN Guidelines, JNCCN publishes rigorous health services research, original investigations, and reviews addressing all aspects of cancer care delivery. Its impact factor grows every year -- currently calculated at 13.4, placing it in the top 10% of cancer-related publications. We look forward to seeing what new heights we can reach under Dr. Geynisman's leadership."
Geynisman has served as medical oncology section editor for Urologic Oncology: Seminars and Original Investigations since 2018 and has authored more than 130 peer-reviewed publications. He also has a long history of advancing cancer care with NCCN, including serving as a member on the NCCN Guidelines Panels for both Testicular Cancer and Wilms Tumor.
He has reviewed abstracts for presentation at the NCCN Annual Conference, served on various NCCN grant selection committees, and was himself a past recipient of NCCN research grants through NCCN's Oncology Research Program. He also serves as an ad hoc reviewer for multiple other journals, including the New England Journal of Medicine, European Urology, Journal of Clinical Oncology, and Cancer.
Geynisman earned his medical degree from the University of Pittsburgh School of Medicine and completed a residency in internal medicine at the University of Pittsburgh Medical Center, where he served an additional year as chief resident. He then completed a hematology/oncology fellowship at the University of Chicago Medical Center, where he served as chief fellow in his final year. While there, he completed an additional fellowship at the MacLean Center for Clinical Medical Ethics. He specializes in treating patients with genitourinary cancers, including prostate, bladder, kidney, testicular, penile, and adrenal cancers.
Geynisman's first issue as Editor-in-Chief will be published in June.
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Fox Chase Cancer Center (Fox Chase), which includes the Institute for Cancer Research and the American Oncologic Hospital and is a part of Temple Health, is one of the leading comprehensive cancer centers in the United States. Founded in 1904 in Philadelphia as one of the nation's first cancer hospitals, Fox Chase was also among the first institutions to be designated a National Cancer Institute Comprehensive Cancer Center in 1974. Fox Chase is also one of just 10 members of the Alliance of Dedicated Cancer Centers. Fox Chase researchers have won the highest awards in their fields, including two Nobel Prizes. Fox Chase physicians are also routinely recognized in national rankings, and the Center's nursing program has received the Magnet recognition for excellence six consecutive times. Today, Fox Chase conducts a broad array of nationally competitive basic, translational, and clinical research, with special programs in cancer prevention, detection, survivorship, and community outreach. It is the policy of Fox Chase Cancer Center that there shall be no exclusion from, or participation in, and no one denied the benefits of, the delivery of quality medical care on the basis of race, ethnicity, religion, sexual orientation, gender, gender identity/expression, disability, age, ancestry, color, national origin, physical ability, level of education, or source of payment.
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JOURNAL: National Comprehensive Cancer Network
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Original text here: https://www.foxchase.org/news/2024-05-16-fox-chases-dr-daniel-geynisman-named-editor-in-chief-for-JNCCN-journal-of-the-national-comprehensive-cancer-network
[Category: Health Care]
