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Millions are pouring into Utah GOP Senate race. Most has gone to 1 candidate

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Millions are pouring into Utah GOP Senate race. Most has gone to 1 candidate


As Utah moves full-throttle toward the June 25 primary, campaigns and political groups have poured millions of dollars into ads for Republican Senate candidates running for the seat currently held by Sen. Mitt Romney.

The seat is considered safe for the Republican nominee by The Cook Political Report, so the race could be all but over in the next few weeks. Ballots for the primary are already hitting Utah mailboxes so the four Senate candidates are making their last minute pitches to Republican voters.

Rep. John Curtis, Riverton Mayor Trent Staggs, Moxie Pest Control CEO Jason Walton and former Utah House Speaker Brad Wilson all rolled out new ads following the state convention, but these last few weeks are critical as the candidates make their final case to Republican voters.

As of the latest FEC filings from early April, more than $16.8 million had been spent in the Republican primary by candidates as well as outside groups, according to Open Secrets. Many millions more have likely been spent in the weeks since as voters are bombarded with mail, digital, print and TV ads.

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The next deadline for candidates to file reports with the FEC is 12 days before the primary election, or June 13.

Now that Utahns have their ballots, the last couple weeks are critical for candidates moving forward. By law, super PACs cannot coordinate with campaigns. But following where those groups are spending their money can tell you a thing or two about the election.

Curtis is ‘actively engaging with supporters’

Among the candidates, Curtis has received the vast majority of support from outside spenders, with over $6.6 million spent to boost his campaign from political action committees, which are not allowed to coordinate with candidates’ campaigns.

The latest reports available show Conservative Values for Utah, a PAC that has only supported Curtis, has spent $4.6 million on behalf of his campaign, according to Open Secrets. Among the several donations the PAC has received, the largest was from Jay Faison, the head of a conservative clean energy group, while another came from Robert Walton, one of Walmart founder Sam Walton’s heirs.

Defend American Jobs has spent more than $1.5 million to support Curtis, in addition to other Republican candidates across the country. It is funded by venture capital firms which concentrate on infrastructure, cryptocurrency and technology.

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A PAC focused on ClearPath Action Fund had previously announced it was launching a $500,000 effort to aid Curtis in his senatorial bid.

Meanwhile, Curtis has raised over $2.7 million for his campaign, according to the latest FEC reports, and has spent about $1.8 million. He has run a slew of digital and television ads focused on fiscal responsibility, border security and lands issues.

One of the ads shows Curtis sporting a plaid flannel shirt talking to a rancher and clips of the Utah outdoors. The narrator speaks about how Curtis has helped Utah reclaim land from the federal government.

Another ad shows portraits and footage of Curtis at the southern border. He says that drugs are coming into Utah from across the border and his plan to stop them is to hire more agents, stop the cartels and secure the border.

Curtis has also been the target of negative campaign ads.

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Early on in the race, Utahns for Liberty spent tens of thousands of dollars against Curtis. Among the group’s funders was Utah state House Speaker Mike Schultz. The group ran an ad criticizing Curtis on the border.

“Congressman Curtis’ campaign is actively engaging with supporters who share his values and vision for Utah,” Corey Norman, chief of staff for Curtis, told the Deseret News. “We’re grateful for the generosity of those who contribute as it allows us to amplify our conservative message and reach more people.”

Staggs says he has a ‘grassroots army’ supporting him

The Protect Freedom PAC, founded by former campaign staffers for Ron and Rand Paul, has spent $531,538 for Staggs, per Open Secrets. The vast majority of that money is directed toward cable and television ads, while there’s also some for digital support.

Staggs has also raised more than $920,000 according to the latest filings, while spending about half of that amount.

In a recent ad, Staggs touted his endorsement from former president Donald Trump, while criticizing Romney and outgoing Senate Minority Leader Mitch McConnell.

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Sporting an American flag pin, a grey jacket and blue jeans, Staggs stands in front of an off-white screen declaring he’ll stand his ground agains the establishment and secure the border.

In a statement to the Deseret News, Staggs said, “I’m grateful to the over 7,000 donors that have contributed to my campaign. While opponents are funded by mega donors and special interests, we’ve raised more in small dollar donations than anyone else in the race. Our campaign isn’t funded by special interests. It’s funded by concerned parents, voters and people looking to keep the American Dream alive.”

“While that’s given us the ability to advertise on TV, digital and every other way possible, now it’s also given us a grassroots army knocking doors, making calls and texting their neighbors,” continued Staggs. “Utahns are hungry for an everyday Utahn. They’re hungry for America First policies, and that’s what I offer as a senator.”

Staggs has also been the subject of negative campaign ads.

The Hometown Freedom Action Network has spent thousands on mailers that characterize Staggs as “woke.” The group also spent money against Curtis. The group’s donors haven’t been disclosed yet.

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One of the anti-Staggs mailers depicts a police car that was set on fire. “Trent Staggs caved in to the rioters,” said the ad. It was sent ahead of convention and claimed Staggs had a “weak, woke record.”

At the time, Staggs responded to the ad by saying “lies and smears aren’t the ‘Utah way.’”

A campaign billboard for U.S. Senate candidate Jason Walton in Salt Lake County on Thursday, June 6, 2024. | Jeffrey D. Allred, Deseret News

Walton plans to keep ‘aggressively advertising’

A spokesperson for the Walton campaign told the Deseret News that the campaign plans on “aggressively advertising” over the next couple of weeks.

Walton has raised over $2.7 million, of which $2.5 million was a loan from Walton to his own campaign.

“We just increased our media buys on television and radio and also on social media,” said the spokesperson, adding that fundraising has gone well, but a campaign is expensive and they won’t be turning away prospective donors.

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The campaign plans on “sticking to our simple message about fixing the economy, lowering prices on food and gas and homes, and trying to get runaway inflation under control and also fixing the border crisis.”

One of Walton’s ads shows the business executive at the Arizona-Mexico border criticizing President Joe Biden and “career politicians” for failing to secure the border while also funding foreign wars.

“Our government should defend our territory,” said Walton.

On May 31, an invoice was uploaded on the Federal Communications Commission website showing ad buys for Walton on ABC4 Utah into late May.

Wilson focuses on being a ‘grassroots campaign’

Wilson, who announced his campaign back in September 2023, has loaned his campaign around $2.8 million, while raising almost another $2 million from donors.

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Wilson’s pitched himself as a conservative fighter who will “leave the cowardly RINOs” behind, as one of his ads says. RINO is a term that means Republican in Name Only. This television ad depicts Wilson in a 1966 Chevy Chevelle SS zooming past a Corvette with a Biden license plate with the Utah mountains and desert in the background.

From August 2023 to April 2024, FEC filings show Wilson spending over $600,000 with Flexpoint Media Inc. and Arena Mail & Digital LLC for both media placements and digital advertisements.

Wilson’s spending from late May and June will show up in later FEC filings.

The Deseret News learned that outside groups haven’t spent anything supporting or opposing Wilson recently. As for Wilson’s campaign, the last invoice available on the Federal Communications Commission website for Wilson on ABC4 Utah was uploaded on May 21 and shows Wilson ads purchased through late May. As for KSL, there were four invoices uploaded showing ad purchases throughout April and into late May.

The campaign has been out in the field knocking doors six days a week, a source with the Wilson campaign told the Deseret News.

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“We have the best grassroots support and ground game out of any of the campaigns and we appreciate everyone’s support,” said the source. “Our team on average knocks over 2,000 doors per week.”

When asked specifically if the campaign plans on buying more ads, the source did not specify either way.

The candidate who wins the Republican Senate primary will square off against Democratic candidate Caroline Gleich in the general election.



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Utah

Utah Jazz NBA Draft Preview: 2024

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Utah Jazz NBA Draft Preview: 2024


The Utah Jazz have an exciting night tomorrow because they have the 10th, 29th, and 32nd pick in the 2024 NBA Draft. the Jazz have been in several rumors regarding the draft. Some rumors suggest the Jazz will trade up for higher than pick number 10. Some rumors suggest the Jazz will package picks 29 and 32 for a higher second pick in the first round. The honest observation at this point is that the Jazz might do just about anything for the draft. Tune in tomorrow night from home or from the Delta Center to find out what the Jazz do in round one! To watch the draft, tune in to ABC or ESPN.

Round One Draft: 6 PM MST, June 26th

Round Two Draft: 2 PM MST, June 27th

Below are projections on who the Jazz could select with their 3 picks. The projections are based on the Jazz’s rumored interest and generally where players are projected to be picked.

10th Pick Projections:

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Photo by David Becker/NBAE via Getty Images

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Ron Holland

Nikola Topic

Rob Dillingham

Cody Williams

Zach Edey

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Dalton Knecht

2024 NBA Combine

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Photo by Kamil Krzaczynski/NBAE via Getty Images

29th Pick Projections:

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2024 NBA Combine

Photo by Jeff Haynes/NBAE via Getty Images

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Kyshawn George

Ryan Dunn

Baylor Scheierman

AJ Johnson

Justin Edwards

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Cam Christie

Tyler smith

Johnny Furphy

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Notre Dame v Virginia

Photo by Ryan M. Kelly/Getty Images

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Pick 32 Projections:

2024 NBA Combine

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Photo by Jeff Haynes/NBAE via Getty Images

Picks 29 and 32 are close so these projections mainly overlap.

Harrison Ingram

Kyle Flipowski

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Trentyn Flowers

Jonathan Mogbo

Jaylon Tyson

Tyler Kolek

Bronny James

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Bobi Klintman

2024 NBA Combine

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Photo by Kamil Krzaczynski/NBAE via Getty Images

Final Prediction

This projection could be way off because this draft has a lot of parity and the Jazz could very well trade some of their picks. With that said, I predict that the Jazz select Nikola Topic with the 10th pick. For the 29th pick, The Jazz go for Ryan Dunn. For the 32nd pick, I predict that the Jazz select Jaylon Tyson. I think the Jazz will almost make a trade or two tomorrow but don’t quite pull the trigger.

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Houston Rockets v Utah Jazz

What do you think the Jazz will do tomorrow night? Comment below!



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4 Utah Jazz rumors to watch before the NBA Draft

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4 Utah Jazz rumors to watch before the NBA Draft


The Tribune’s Andy Larsen breaks down the latest reports.

(Francisco Kjolseth | The Salt Lake Tribune) Brooklyn Nets forward Mikal Bridges (1) tries to evade the block attempt by Utah Jazz center Walker Kessler (24) during NBA basketball in Salt Lake City Monday, Dec. 18, 2023.

The NBA Draft starts Wednesday, and the rumor mill is heating up around the Utah Jazz. Here’s the latest news, along with my reaction to the possibilities.

Trading for Mikal Bridges?

Rumor: Yahoo’s Jake Fischer reported that the Jazz are one of the teams interested in trading for Brooklyn wing Mikal Bridges, along with Houston and New York. Bridges is one of “Utah’s most aggressive aspirations,” Fischer wrote.

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Reaction: The Nets have repeatedly declined to trade Bridges despite it probably making sense for the franchise to do so. Instead, they’ve been asking for more than three first-round picks in return for the 27-year-old.

Bridges would make the Jazz significantly better; he’s developed himself into a 20-point-per-game scorer while also being a solid defender. He’s the two-way player with size that these most recent playoffs have shown are extremely valuable. (Though we should note here that he was a far better player before the All-Star break than after it last year.)

The problem is that it’s not immediately clear that the Jazz would be a playoff team even with Bridges — he was an eight-win player last season, and the Jazz finished 15 wins short of the No. 10 seed. For an acquisition of Bridges to make sense, Utah would probably need to acquire other good players around him and Lauri Markkanen to get up in that 45-win range required to make the playoffs in the West. Still, it could be an exciting first step.

Trading for Zach LaVine?

Rumor: The Bulls “remain active” on trade negotiations sending out Zach LaVine involving the Jazz and the Philadelphia 76ers, according to NBC Sports Chicago’s K.C. Johnson. However, reporter Marc Stein disagreed with the report, saying he had been “advised to dismiss Utah’s interest.”

Reaction: Johnson’s a quality veteran reporter, but I agree with Stein. While I haven’t heard recent updates, Jazz personnel earlier this year indicated that LaVine wasn’t a logical option in the pre-trade deadline market given the Jazz’s place in the standings, LaVine’s poor record of availability, and especially his high contract that pays him a combined $138 million over the next three years.

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Chicago Bulls’ Zach LaVine (8) scores past Toronto Raptors’ Gary Trent Jr. (33) during the first half of an NBA basketball In-Season Tournament game Friday, Nov. 24, 2023, in Toronto. (Frank Gunn/The Canadian Press via AP)

I don’t suspect circumstances have changed enough since to make a LaVine trade make sense now, at least not a trade in which the Jazz are giving up assets. If anything, it might require Chicago to send out assets to push the Jazz to take on LaVine’s deal.

Signing Tobias Harris?

Rumor: The Athletic’s Shams Charania reported that the Jazz and the Detroit Pistons “are expected to be the strongest suitors for Tobias Harris,” who is a free agent this summer after his 5-year, $180 million albatross of a deal ended with the 76ers.

Reaction: The Jazz will likely have about $40 million in cap space this summer. Some of that room the franchise anticipates using on Markkanen’s renegotiation and extension as the Finnish star enters the final year of his current contract.

Boston Celtics’ Al Horford (42) defends against Philadelphia 76ers’ Tobias Harris (12) during the first half of an NBA basketball game Friday, Dec. 1, 2023, in Boston. (AP Photo/Michael Dwyer)

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Harris is theoretically someone who could help the Jazz. At this point in his career, he’s statistically pretty average across the board — his shooting, rebounding, passing, steals, and block rates are just around the 50th percentile, maybe a bit higher. Even average, though, would make Harris the Jazz’s best wing by a lot.

He turns 32 this summer, so Harris doesn’t make sense for the Jazz’s long-term future, and signing him would also mean fewer minutes for last year’s No. 9 pick, Taylor Hendricks. But if they could get him on a short-term deal for a discount, he could also be a tradable piece in a move later while helping the Jazz improve now.

Looking to move up?

Rumor: Multiple reporters indicated that the Jazz are looking to move up in the draft using the No. 29 pick and the No. 32 pick. First, ESPN’s Jonathan Givony reported Monday morning that the Jazz are looking to trade the two picks for a “pick in the late teens.” Arizona sports radio host John Gambadoro reported that he believed that the Suns had had discussions with the Jazz, sending the No. 22 pick to Utah for No. 29 and No. 32. Fischer, meanwhile, floated the idea of the Jazz acquiring No. 17 from the Lakers in exchange for the two picks.

Reaction: Jazz general manager Justin Zanik acknowledged that the club has reservations about having six first- or second-year players on the roster next season, the logical outcome if the team makes all three selections on Wednesday. So the Jazz consolidating these picks in this fashion follows that line of thinking, especially if they are targeting a player they believe is significantly better than what’s available around the turn of the draft.

My only concern is that, in general, teams trading up in drafts get a little less value than those trading down when you study the issue analytically. The NBA Draft Pick Trade Simulator at nbasense.com is a good tool for looking at this — trading No. 29 and No. 32 for No. 17 is a pretty fair deal, but trading those picks for No. 22 would be analytically a bad idea. That’s especially true in a “flat” draft, where players’ values are considered pretty close throughout the first round.

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If the Jazz are going to defy the analytics, they should be really sure that the player they’re acquiring with the higher pick is worth giving up two chances to place bets further down in the draft.

Editor’s note • This story is available to Salt Lake Tribune subscribers only. Thank you for supporting local journalism.



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Comparing TriSalus Life Sciences (NASDAQ:TLSI) and Utah Medical Products (NASDAQ:UTMD)

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Comparing TriSalus Life Sciences (NASDAQ:TLSI) and Utah Medical Products (NASDAQ:UTMD)



TriSalus Life Sciences (NASDAQ:TLSI – Get Free Report) and Utah Medical Products (NASDAQ:UTMD – Get Free Report) are both small-cap medical companies, but which is the better investment? We will compare the two companies based on the strength of their profitability, dividends, analyst recommendations, risk, institutional ownership, earnings and valuation.

Profitability

This table compares TriSalus Life Sciences and Utah Medical Products’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
TriSalus Life Sciences N/A N/A -221.65%
Utah Medical Products 33.40% 13.06% 12.30%

Risk & Volatility

TriSalus Life Sciences has a beta of 0.55, meaning that its stock price is 45% less volatile than the S&P 500. Comparatively, Utah Medical Products has a beta of 0.14, meaning that its stock price is 86% less volatile than the S&P 500.

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Analyst Recommendations

This is a summary of recent ratings and recommmendations for TriSalus Life Sciences and Utah Medical Products, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TriSalus Life Sciences 0 0 3 0 3.00
Utah Medical Products 0 0 0 0 N/A

TriSalus Life Sciences presently has a consensus target price of $13.33, indicating a potential upside of 129.10%. Given TriSalus Life Sciences’ higher probable upside, research analysts plainly believe TriSalus Life Sciences is more favorable than Utah Medical Products.

Earnings & Valuation

This table compares TriSalus Life Sciences and Utah Medical Products’ gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
TriSalus Life Sciences $21.98 million 7.19 -$59.04 million N/A N/A
Utah Medical Products $50.22 million 4.68 $16.64 million $4.50 14.79

Utah Medical Products has higher revenue and earnings than TriSalus Life Sciences.

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Institutional and Insider Ownership

2.6% of TriSalus Life Sciences shares are held by institutional investors. Comparatively, 69.6% of Utah Medical Products shares are held by institutional investors. 76.2% of TriSalus Life Sciences shares are held by insiders. Comparatively, 6.6% of Utah Medical Products shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Summary

Utah Medical Products beats TriSalus Life Sciences on 6 of the 11 factors compared between the two stocks.

About TriSalus Life Sciences

(Get Free Report)

TriSalus Life Sciences, Inc., a medical technology company, researches, develops, and sells drug delivery technologies and immune-oncology therapeutics for the treatment of liver and pancreatic cancer. The company offers Pressure Enabled Drug Delivery infusion systems, such as the TriNav infusion system, which is used in transarterial radioembolization and chemoembolization procedures for patients with liver cancer and metastases; and the Pancreatic Retrograde Venous Infusion device, which is in Phase 1 clinical trial, for locally advanced pancreatic cancer. It also develops nelitolimod, an investigational immunotherapeutic in Phase 1 clinical trial for the treatment of uveal melanoma with liver metastases, hepatocellular carcinoma, intrahepatic cholangiocarcinoma, and locally advanced pancreatic ductal adenocarcinoma. The company serves interventional radiologists, IR technicians, medical oncologists, nursing support, value analysis committee staff, and patients through its sales representatives and sales managers. TriSalus Life Sciences, Inc. was founded in 2009 and is headquartered in Westminster, Colorado.

About Utah Medical Products

(Get Free Report)

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Utah Medical Products, Inc. develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems. It also provides GESCO, an umbilical vessel catheters, including DIALY-NATE disposable peritoneal dialysis sets; PALA-NATE silicone oral protection devices; URI-CATH urinary drainage systems; NUTRI-CATHNUTRI-LOK feeding device; PICC-NATE, a percutaneous intraepithelial central venous catheter; MYELO-NATE lumbar sampling kits; HEMO-NATE disposable filters; and catheterization procedure tray of instruments and supplies. In addition, the company offers LETZ system to excise cervical intraepithelial neoplasia and other lower genital tract lesions; loop, ball, and needle electrodes; FILTRESSE evacuators; other specialty electrodes and supplies, and gynecologic tools; Femcare trocars, cannulae, laparoscopic instruments, and accessories; and EPITOME and OptiMicro electrosurgical devices. Further, it provides Filshie Clip female surgical contraception devices; PATHFINDER PLUS, an endoscopic irrigation devices; suprapubic catheterization; LIBERTY, an urinary incontinence treatment and control systems; ENDOCURETTE, a curette for uterine endometrial tissue sampling; TVUS/HSG-Cath to assess abnormal or dysfunctional uterine bleeding and other abnormalities of uterus; and LUMIN, a tool to manipulate the uterus in laparoscopic procedures. Additionally, it offers DELTRAN, a disposable pressure transducer; high-pressure and piezo-resistive transducer assemblies; and pressure monitoring accessories, components, and other molded parts. It serves neonatal intensive care units, labor and delivery departments, women’s health centers in hospitals, outpatient clinics, and physician’s offices. The company was incorporated in 1978 and is headquartered in Midvale, Utah.



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