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☆ Goldman Sachs likes these stocks that are growing profitably
▼ + stars: | 2024-04-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

As the equity market's profitability nears its all-time highs, Goldman Sachs recently shared some stocks that could see big growth over the next 12 months. In 2024, Kostin expects margin expansion will continue to support ROE growth. In the same report, Goldman Sachs shared its rebalanced ROE growth basket of stocks, which contains 50 names selected for their expected profit growth over the next 12 months. Rising growth fears, solar compensation cutbacks and rising interest rates sank solar stocks last year, but they've since made a comeback. Consensus estimates for the financials sector reveal that most analysts expect ROE growth to remain flat in the same time period.

Persons: Goldman Sachs, David Kostin, ROE, Kostin, Estée Lauder, Electric's, Goldman, Wells, Janney, Blackstone Organizations: Kostin, Info Tech, Deutsche Bank, GE Aerospace, Communications, Mobile Locations: Wells Fargo, China

☆ 460 Years Ago, Shakespeare Was Born Here. Or Somewhere.
▼ + stars: | 2024-04-23 | by ( Elizabeth Winkler | ) www.nytimes.com time to read: +1 min

Sometime in the late 18th century, a sign appeared outside a shambly butcher’s hut in the English town of Stratford-upon-Avon: “The Immortal Shakspeare was born in this house,” it announced, using a then common spelling of his name. Devotees began making pilgrimages — dropping to their knees, weeping, singing odes: “Untouched and sacred be thy shrine, Avonian Willy, bard Divine!”A tradesman grew rich selling carvings from a local mulberry tree, like pieces of the true cross. Some skeptics suspected that the sign was part of a scheme to bring visitors to Stratford; others wondered if it had been hung by the property’s occupant. About 250 years after its break from the Catholic Church, England had its own Bethlehem and manger. The problem: No one really knows where Shakespeare was born.

Persons: Shakspeare, Avonian Willy, Shakespeare Organizations: Avon, Catholic Church Locations: Stratford, ”, England, Bethlehem

☆ India investor says short-term opportunity is in electric two wheelers, while Tesla plays the long game
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia investor says short-term opportunity is in electric two wheelers, while Tesla plays the long gameRob Brewis, portfolio manger at Aubrey Capital Management, says the short-term investment opportunity in India is actually in electric two wheelers, while noting Tesla's entry into the market will benefit the company and the country over the long term.

Persons: Tesla, Rob Brewis Organizations: India, Capital Management Locations: India

☆ Last year, an unknown person briefly took nominal control over OpenAI's $175 million startup fund. The company says the government filing was 'fabricated.'
▼ + stars: | 2024-03-29 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

One document, filed in April of 2023, listed Jacob Thomas Vespers and Vespers Inc—a company formed the same day—as manager of the fund. A document filed a few weeks later registered the address of the company as unit 234, a small second-story apartment overlooking the courtyard at The Orchard. When OpenAI was informed about the Vespers document by the journalist in July 2023, the company did not report the allegedly fabricated filing to any authorities, Wood said. All of them are associated with Jacob Thomas Vespers, referred to in some documents as Jacob Thomas Redmond Messer or Jacob Thomas Redmond or Jacob Thomas Messer. There's a github post made under a profile name, Jacob Thomas Redmond, on May 19th, 2023 that bears some tell-tale signs of being AI generated.

Persons: —, Jacob Thomas Vespers, Sam Altman, Madhav Dutt, Dutt, Kayla Wood, OpenAI, Wood, Paul Carroll, he's, Carroll, Jacob Thomas, Jacob Thomas Redmond Messer, Jacob Thomas Redmond, Jacob Thomas Messer, Redmond, Messer Organizations: Service, California, State, Business, SEC, Corporations, Integrity Locations: Santa Ana , California, The, Silicon, California

☆ 2 AI beneficiaries that haven't caught up yet, according to top value investor
▼ + stars: | 2024-03-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Artificial intelligence-adjacent stocks have been the clear leaders of this bull rally, but there may still be some potential beneficiaries of the trend that haven't caught up yet, according to Aaron Dunn. Shares of Micron have rallied 9% so far this year, but Nvidia has gained 77% over the same time period. MU 6M mountain MU 6-month chart Dunn also listed professional services firm Accenture as a potential AI beneficiary. "Businesses will need help in understanding how AI should be used and the eventual implementation of those technologies," he said. ACN 6M mountain ACN 6-month chart Dunn's fund, Eaton Vance's Focused Value Opportunities Fund , has underperformed its benchmark, the Russell 1000 Value Index , so far this year.

Persons: Aaron Dunn, Dunn, Eaton Vance, he's, that's, it's, —, Eaton Organizations: Morgan Stanley Investment Management, Eaton Vance Value, CNBC, Micron, Accenture, U.S, MU, Nvidia, Morningstar

☆ Tyson Foods drops CVS for upstart pharmacy benefit manager, as industry upheaval over cost concerns spreads
▼ + stars: | 2024-01-24 | by ( Bertha Coombs | ) www.cnbc.com time to read: +1 min

Tyson Foods will become one of the first Fortune 100 companies to stop using the nation's traditional large pharmacy benefits managers, as it looks to cut spending on high-cost drugs. After putting its benefits contract up for bid, Tyson dropped CVS Health 's Caremark and chose PBM startup Rightway to manage drug benefits for its 140,000 employees starting this year, the companies said Wednesday. Tyson made the decision as it saw pharmacy costs soar. "We were going anywhere between 12% to 14% increases for pharmacy — and on a $200 million spend that's quite a bit. And then I wanted to understand what Tyson was paying for that; it was very difficult to get to those numbers," she said.

Persons: Tyson, Renu Chhabra, Chhabra, couldn't Organizations: Fortune, CVS

☆ US Capitol Police investigated more than 8,000 threats against lawmakers in 2023, up from the previous year
▼ + stars: | 2024-01-19 | by ( Adrienne Winston | Rashard Rose | ) edition.cnn.com time to read: +2 min

CNN —US Capitol Police said it investigated more than 8,000 threats against members of Congress last year – an increase of about 500 cases from the previous year, according to data released Thursday by the department. In 2023, the USCP’s Threat Assessment Section investigated 8,008 cases, Capitol Police said, an increase from the previous year’s 2022 assessment of 7,501 threats against lawmakers. The 2023 cases include investigations into concerning statements and direct threats, according to a release from Capitol Police. The number of threats against lawmakers typically surge in an election year, according to the USCP. “These are the people who keep this country going in the public spaces and protect us and keep us secure.

Persons: USCP, Matt Gaetz, Jim Jordan, Ashan Benedict, ”, Tom Manger, General Merrick Garland, ” Garland Organizations: CNN, US Capitol Police, Capitol Police, Democratic, Republican, ”, Republicans, Police, Protective and Intelligence, Capitol Locations: New Hampshire, Florida, Ohio

As tech heavyweights such as Apple (AAPL.O) and Amazon (AMZN.O) spend heavily on custom cutting-edge chips, companies using legacy chips are also looking to introduce custom silicon. Inverters adjust the speed of an air conditioner's motor to save energy. The custom chips, to be made by Taiwan's TSMC (2330.TW), cost more than off-the-shelf alternatives but offer better energy efficiency and allow a reduction in the use of other components, according to a Daikin executive. The company, which developed Japan's first packaged air conditioner in 1951, is also working on customised power modules, which help manage the air conditioner's electricity supply. The number of air conditioners globally is expected to more than triple to 5.6 billion units by 2050, according to the International Energy Agency.

Persons: Sam Nussey, Taiwan's TSMC, Yuji Yoneda, Daikin, Jamie Freed Organizations: Daikin, REUTERS, Rights, Daikin Industries, Apple, European Union, International Energy Agency, Thomson Locations: Tokyo, Japan, Osaka, United States

☆ Cramer's Lighting Round: Buy Boeing
▼ + stars: | 2023-11-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon CRISPR's year-to-date stock performance. Stock Chart Icon Stock chart icon Dell's year-to-date stock performance. Stock Chart Icon Stock chart icon Cencora's year-to-date stock performance. Stock Chart Icon Stock chart icon T-Mobile's year-to-date stock performance. Stock Chart Icon Stock chart icon Boeing's year-to-date stock performance.

Persons: it's, Mike Sievert, Cardinal Health's, Tony Xu, Tony Organizations: Dell, Mobile, Boeing, Cardinal Locations: Cardinal

☆ I tried a $35 Wagyu beef sandwich at Harrods and it was as disappointing as it was expensive
▼ + stars: | 2023-11-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

Harrods, London's upmarket department store, sells a Wagyu beef sandwich for £28 ($35.) Simply called the "Wagyu Steak Sandwich," the new addition to the menu at Harrods in Knightsbridge contains strips of Wagyu beef fillet along with accompanied by porcini and truffle butter, gold mustard mayo, large portobello mushrooms, arugula, and beer- braised onions. The Harrods deli counter where you can purchase the Wagyu sandwich. High-grade marbled Wagyu beef is a delicacy typically imported from Japan and can cost anywhere between $120 and $300 per pound. To its credit, and to be expected when it packs a whopping 1,040 calories, the Harrods sandwich was a generous size and I was definitely full by the end.

Persons: —, porcini, Polly Thompson, I've, I'd, Mark Field Organizations: Harrods, Business, Service, Qatari, Consulting Locations: Britain, Knightsbridge, mayo, portobello, Japan, Harrods, Hyde

☆ 2 Masterpieces Reveal the Big Bang Moment of Our Art Universe
▼ + stars: | 2023-11-22 | by ( Blake Gopnik | ) www.nytimes.com time to read: +4 min

Francis” he’d bought: 50 years on, it still ranked as one of the great portrayals of the holy man. The collector added it to walls hung with other paintings that could hardly have had less to do with the sacred: Neighboring the “St. Francis” was a Giorgione that illustrated the classical tale of Paris, the Trojan prince, being abandoned in the wilderness as a babe. Contarini used this room to compare the latest in people-pictures — even if one of these people was the son of God. As the art historian Charles Hope has pointed out, it’s possible to spot Sebastiano’s stylings on the surface we see today.

Persons: Francis ” he’d, Contarini, Francis ”, Bellini, Bellini’s, God, Giorgione’s, Mary, Abraham, Pythagoras, Giorgione, Giorgione’s couldn’t, Marcantonio Michiel, ”, Giorgione —, Sebastiano del Piombo, Charles Hope Organizations: Frick Locations: “, Paris, Turkish

INDIANAPOLIS (AP) — Indianapolis waived three-time All-Pro linebacker Shaquille Leonard on Tuesday in a surprising move after the Colts played themselves back into the playoff race. Indy (5-5) was trying to bring back the playmaking linebacker slowly after undergoing two back surgeries to repair a nerve injury. “Indy, I want to thank you for accepting me and my family with open arms," Leonard wrote in part in a social media post. “We are incredibly grateful for his contributions to the team and the city of Indianapolis over the last six seasons. "Off the field, he’s a servant leader and assisted numerous families in both his hometown and the Indianapolis community.

Persons: Shaquille Leonard, Leonard, “, Lombardi, “ Shaq, Chris Ballard, ” Leonard, Walter Payton, Ed, Jim Irsay, We’re, Shaq, ” Organizations: INDIANAPOLIS, — Indianapolis, Pro, Colts, Indy, “ Indy, New England Patriots, Walter Payton NFL, “ Locations: Germany, Indianapolis

☆ The CEO of Pret was promoted 10 times from store manager to CEO — here are 3 his tips to get the promotion
▼ + stars: | 2023-11-15 | by ( Kiera Fields | ) www.businessinsider.com time to read: +5 min

Pano Christou started working at the British sandwich franchise Pret a Manger when he was 21. AdvertisementPano Christou was 21 when he started at Pret a Manger as a store manager in London. As Pret's CEO, Christou was paid more than £4 million in 2021, including a salary of £400,000, per The Guardian . CEO is the position he's held the longest, followed by general manager, which he held for four years. Maintain good relationships with managementThe CEO said that having great managers he gelled with helped his ascension at Pret.

Persons: Pano Christou, Christou, —, Pret, they're, he's, Andrew Walker, Walker, didn't, gunning, I've, Zers Organizations: Service, Blockbuster, Guardian, Pret, Pret's Locations: Pret, London, New York, McDonald's, Pret's

☆ Pret a Manger's CEO started out making $3 an hour at McDonald's when he was 16
▼ + stars: | 2023-11-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Pret a Manger's CEO Pano Christou started his career at McDonald's when he was 16. He was paid $3 an hour as a "crew member" but gradually rose up the ranks. Other successful people have started out at McDonald's, including Amazon founder Jeff Bezos. AdvertisementAdvertisementPret a Manger's CEO started as a crew member at McDonald's making just over $3 an hour. AdvertisementAdvertisementLike Christou, other successful execs and celebrities started out their careers at McDonald's including Amazon founder Jeff Bezos.

Persons: Pano Christou, Jeff Bezos, —, Christou, Fortune, I've, – I've Organizations: McDonald's, Amazon, Service, Pret Locations: McDonald's, Cypriot

☆ When Your Age, and Everyone Else’s, Is Showing
▼ + stars: | 2023-10-28 | by ( Roxane Gay | More About Roxane Gay | ) www.nytimes.com time to read: +4 min

Just last week, he was giving “pointers” to some of our very seasoned directors, who in turn complained to me. So I have to ask, is there a professional way to tell someone they are too arrogant about their role within a company? I’m all for collaborative work environments, mentoring younger colleagues, and encouraging people to pursue their ambitions for advancement. This new policy feels like they don’t trust us, and it seems overkill to have to check in daily. Corporations often create busywork for one reason or another, and maybe they don’t trust you, but why do you care?

Persons: I’m, who’s, “, that’s Locations: Lane

Unlike Russia, one of the world's top oil and gas producers, Israel has very modest energy production. But there is a risk the war could spread to major energy producers in the Middle East and affect oil and gas flows. Second, a deal being brokered by Washington to normalise relations between Saudi Arabia and Israel, which could see the kingdom increase oil output, could be derailed. Saudi Arabia told the White House it is willing to boost oil production early next year to help secure the deal, the Wall Street Journal reported last week. Russian Deputy Prime Minister Alexander Novak added on Thursday that current oil prices factored in the conflict and reflected the market's belief that risks posed by the clashes were not that high.

Persons: Dado Ruvic, Brent, David Goldwyn, Rob Thummel, Janet Yellen, Iranian Oil Minister Javad Owji, Joe Biden, Helima Croft, Biden, Ben Cahill, Prince Abdulaziz, Alexander Novak, Vladimir Putin, Natalie Grover, Ahmad Ghaddar, Alex Lawler, Laura Sanicola, Kirsten Donovan, Cynthia Osterman Organizations: REUTERS, Hamas, U.S . State Department, Tortoise, Iran, U.S, Treasury, Iranian Oil Minister, RBC Capital Markets, Macquarie, SAUDI, Israel, Wall Street, Washington, Strategic, International Studies, Saudi Arabia's Energy, CNBC, OPEC, Organization of, Petroleum, Thomson Locations: Israel, Ukraine, Russia, U.S, Iran, Hormuz, Washington, Saudi Arabia, Strait, Riyadh, Moscow, United States, Tehran, Washington . Saudi Arabia, Saudi, OPEC, London, New York

☆ Insider Today: The hottest job markets
▼ + stars: | 2023-09-23 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +7 min

Speaking of change and mobility, if you're looking for a new job, we have an inside look at how competitive job hunting currently is. Justin Sullivan/Getty ImagesBad news for job hunters: You're competing with more people for a job now, compared with the same time period one or two years ago. AdvertisementAdvertisementHowever, data from LinkedIn shared with Insider comparing job vacancies with active applicants paints a more complex image. Rankings were based on job market and work conditions, affordability, crime and safety, workplace diversity, and health and leisure. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Justin Sullivan, there's, Rand, Mike Steinitz, Robert Half, Steinitz, you've, Hoshino, Craig F, Walker, Pano Christou, Arantza Pena Popo, Gen Alpha, Brittany Chang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Companies, LinkedIn, Ministry of Justice, Hoshino Resorts, Brussels Airlines, Cambridge, Harvard University, Boston Globe, Getty Images, Getty Locations: Wall, Silicon, New York City, San Diego, United States, Japan, Pomfret , Vermont, Brussels, England, Massachusetts, Rhode Island, New Hampshire, situationships, Salem, Kansas, London, New York

☆ The Pret a Manager CEO's resume is going viral on X, and it's a masterclass in climbing the corporate ladder
▼ + stars: | 2023-09-20 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

A screenshot showing the LinkedIn resume of Pret a Manger's CEO is going viral on X. A 2018 LinkedIn study of over 12,000 CEO profiles found that 80% were sourced from other companies. The company also said in a 2019 announcement that Christou joined Pret in 2000. Good for them," commented one X user in a post seen over 100,000 times on the platform. AdvertisementAdvertisementChristou and Pret a Manger did not immediately respond to requests for comment, sent outside regular business hours.

Persons: Christou, Dan Barker, Doug McMillon, Clive Schlee, Jardine Matheson, — Organizations: Service, Twitter, Pret, Blockbuster, McDonald's, Walmart, Times, Holdings, Financial Times Locations: Wall, Silicon, McDonald's, Pret, Hong Kong

☆ Japan corporate mood sours on fears of China-led global downturn: Reuters poll
▼ + stars: | 2023-09-14 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

The gloom across the business sector underlines the challenge for Japanese policymakers and raises doubts that exports could fuel an economic recovery in the face of weak domestic demand. The Reuters Tankan monthly poll of 502 big manufacturers, showed a sharp fall in the sector's sentiment index to plus 4, from plus 12 in August. Compared with three month ago, the manufacturers' sentiment index -- calculated by subtracting the percentage of pessimistic respondents from optimistic ones -- was down four points and suggests decline in the quarterly tankan survey. The Reuters Tankan non-manufacturers index also dropped nine points to hit plus 23 in September from the previous month, the biggest decline since May 2020, the survey showed. The business sentiment over the coming three months showed the manufacturers' index flat in December and the service-sector index slightly down at plus 21 at year-end.

Persons: Tetsushi, Shri Navaratnam Organizations: Reuters, Bank of, Overseas, Thomson Locations: China, TOKYO, Bank of Japan's, Ukraine, U.S

☆ Japan corporate mood sours on fears of China-led global downtown: Reuters poll
▼ + stars: | 2023-09-12 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

Persons: Tetsushi, Shri Navaratnam Organizations: Reuters, Bank of, Overseas, Thomson Locations: China, TOKYO, Bank of Japan's, Ukraine, U.S

The private equity firm's follow-on investment translates into an additional equity stake of 0.25% in Reliance Retail on a fully-diluted basis, taking KKR's total equity stake in the Indian company to 1.42%, the retailer said in a statement on Monday. That year, KKR had invested 55.5 billion rupees ($669.65 million) in Reliance Retail. Morgan Stanley acted as financial adviser to Reliance Retail. Ambani said in 2019 that the group planned to list the retail business in five years. Reliance Retail reported a consolidated net profit of 91.81 billion rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Persons: Maggi, Niharika Kulkarni, Mukesh Ambani's, Jimmy Choo, Spencer, Pret, Ambani, Morgan Stanley, Aditya Kalra, Toby Chopra, Tomasz Janowski, Deepa Babington Organizations: REUTERS, KKR, Co Inc, Retail Ventures, Reliance, Reliance Retail, Saudi Public Investment Fund, General Atlantic, United Arab, Asian, IV, Reuters, Qatar Investment Authority, Unilever, Thomson Locations: Mumbai, India, DELHI, United Arab Emirates

That implies a potential $2.5 billion investment will be equivalent to a 2.5% stake in the company. "Several marquee global strategic and financial investors have shown strong interest in Reliance Retail. Ambani said in 2019 that the group planned to list the retail business in five years. Reliance Retail has more than 18,000 retail outlets, but also a growing e-commerce operation where it competes with the likes of Amazon (AMZN.O) and Walmart's (WMT.N) Flipkart. Reliance Retail reported a consolidated net profit of 91.81 billion Indian rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Persons: Ambani, Mukesh Ambani's, Reliance, Morgan Stanley, QIA, Ambani's, Isha Ambani, Aditya Kalra, Scott Murdoch, Sriram, Munsif Vengattil, Susan Fenton Organizations: Retail Ventures, Reuters, Qatar Investment Authority, India's, Burberry, Reliance, Reliance Retail, KKR, Saudi Public Investment Fund, General Atlantic, United Arab, Unilever, Thomson Locations: SYDNEY, Qatar, U.S, China, United Arab Emirates, New Delhi, Sydney, Mumbai

☆ Pret a Manger was fined $1 million after an employee was trapped in a freezer for more than 2 hours and thought she was going to die
▼ + stars: | 2023-08-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Pret a Manger worker was stuck in a freezer at a London store for over two hours in just jeans and a t-shirt. The worker was "in a state of distress and believing she was going to die," Westminster City Council said. She was "in a state of distress and believing she was going to die," the Council said. The worker was then taken to hospital where she was treated for suspected hypothermia, the Council said. A spokesperson for Pret told Insider that the employee was discharged from hospital the same day.

Persons: Pret Organizations: Westminster City, Service, Pret's London Victoria Coach, Victoria Coach Station, Westminster Magistrates Locations: London, Westminster, Wall, Silicon, Pret, Victoria, France, Dubai, Hong Kong

REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsMUMBAI, Aug 28 (Reuters) - Reliance Industries' retail unit is attracting "strong interest" from other top investors after raising $1 billion from Qatar Investment Authority, its billionaire chairman Mukesh Ambani said on Monday. "Several marquee global strategic and financial investors have shown strong interest in Reliance Retail," he said, adding he would share progress about them "in due course". Ambani said in 2019 that the group planned to list the retail business in five years. Reliance also said on Monday that Ambani's three children, including Isha Ambani, will join the board of parent Reliance Industries. Reliance Retail has invested more than $10 billion in the last two years and opened 3,300 new stores last year, Isha Ambani said.

Persons: Niharika Kulkarni, Mukesh Ambani, Ambani, Ambani's, Isha, Tiffany, Reliance, Isha Ambani, Sriram, Aditya Kalra, Susan Fenton Organizations: REUTERS, Rights, Reliance Industries, Qatar Investment Authority, Reliance Retail, KKR, Silver Lake, TPG, Reliance, Burberry, Unilever, PepsiCo, Thomson Locations: Mumbai, India, Asia, Africa

☆ UK's Pret takes coffee subscription service to US and France
▼ + stars: | 2023-08-24 | by ( James Davey | ) www.reuters.com time to read: +1 min

LONDON, Aug 24 (Reuters) - British sandwich and coffee chain Pret A Manger will launch its monthly coffee subscription service in the United States and France this year after the scheme proved a success in its home market, it said on Thursday. The group, commonly referred to as Pret, launched its coffee subscription service in September 2020, trying out a new business model to get it through the COVID-19 pandemic which hammered its sales. In April it rebranded the service as "Club Pret". A spokesperson for Pret said the price of the subscription service in the U.S. and France had not yet been confirmed. Pret said the rebranded subscription service in the UK had seen 17.8 million redemptions in its first three months, up 31% year-on-year.

Persons: Sinclair Beecham, Pret, James Davey, Rosalba O'Brien Organizations: Thomson Locations: United States, France, U.S

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