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Cohen’s testimony ties together the prosecution’s allegations that Trump broke the law by falsifying business records to reimburse Cohen and conceal the hush money payment that Cohen said he made at Trump’s direction. Cohen described his conversations with Trump during the Daniels hush money negotiations, which prosecutors backed up using Cohen’s phone records to show when the two had spoken. Trump,” Cohen said. “Reimbursement of my money,” Cohen said. They joined Trump for the high-profile Cohen testimony, sitting in the gallery behind the former president at the defendant’s table.
Persons: CNN — Michael Cohen, Donald Trump, Stormy Daniels, Trump, Cohen, Daniels, Susan Hoffinger, Todd Blanche, perjurer, David Pecker, Keith Davidson, Karen McDougal, Pecker, Davidson, Dylan Howard, Hope Hicks, , ” Cohen, , Hoffinger, ” Hoffinger, “ Mr, Michael Cohen's, Melania, CNN “, Trump’s, reimbursements Cohen, Allen Weisselberg, Weisselberg, “ David Dennison ”, Peggy Peterson ”, would’ve, ” –, McDougal, glanced, Hicks, Madeleine Westerhout, Cohen’s, wasn’t, Juan Merchan’s, Eric Trump, Susie Wiles, Sen, Rick Scott, J.D, Vance of Ohio, Tommy Tuberville, Nicole Malliotakis, Alina Habba Organizations: CNN, Trump, National Enquirer, Melania Trump, New York, Republican Locations: Yom Kippur, , Trump, Cohen’s, Republic, Manhattan, Florida, Alabama, Staten, Iowa
But some of the details Daniels described were so explicit that Judge Juan Merchan cut her off at several points. “How can we come back from this in a way that’s fair to President Trump?” Blanche challenged. “Am I correct that you hate President Trump?” Necheles asked“Yes,” Daniels said. “It’s also cost me a lot of money,” Daniels responded. “You are looking to extort money from President Trump,” Necheles asked.
Persons: Stormy Daniels, Donald Trump, Daniels, Trump, Juan Merchan, Merchan, , Michael Cohen, Susan Necheles, ” Trump, , Trump “, didn’t, ” Daniels, Kaitlan Collins, Gina Rodriguez, Rodriguez, , Peggy Peterson, David Dennison, Cohen, Jimmy Kimmel, she’s, Susan Hoffinger, Judge, Todd Blanche, Blanche, ” Blanche, CNN Hoffinger, ” Merchan, Necheles didn’t, ” Necheles, “ You’ve, Necheles, “ I’ve, “ It’s, Keith Davidson Organizations: CNN, Trump, AMI, Defense Locations: Trump’s, Las Vegas
CNN —Judge Juan Merchan handed down his first punishment to Donald Trump for violating the judge’s gag order in the New York hush money trial Tuesday, fining Trump $9,000 for nine violations. Instead, Davidson negotiated a $130,000 hush money deal with Cohen on Daniels’ behalf, and she did not speak out publicly before the 2016 election. In his order, the judge warned Trump that he could be imprisoned if he continues to willfully violate the gag order. “All you have to do is talk to that a**hole Cohen,” Davidson recalled. His son, Eric Trump, attended the trial – the first family member of the former president to appear during the trial.
Persons: Juan Merchan, Donald Trump, fining, Daniels, Karen McDougal, Keith Davidson, Trump’s, Michael Cohen, Davidson, Cohen, Trump, , Merchan, David Pecker, , ” Merchan, Stormy’s, McDougal, , Dylan Howard –, Gina Rodriguez, “ It’s, ” Davidson, Rodriguez, Peggy Peterson, David Dennison, Joshua Steinglass, Dennison, ” Steinglass, ” Cohen, Gary Farro, Daniels ’, Farro, ” Trump, “ Michael Cohen, He’s, Judge Merchan didn't, Jean Carroll, Prosecutors, Melania Trump, Eric Trump, Susie Wiles, Ken Paxton, David McIntosh, Barron’s Organizations: CNN, fining Trump, Trump, AMI, Prosecutors, American Media Inc, Daniels . Records, Bank, Twitter, Club for Growth, Mar Locations: New York, LA, Texas
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
Customers carry their purchases as they leave the U.K.'s first branch of Amazon Fresh in the Ealing area of London, England, March 4, 2021. Amazon on Tuesday announced a new version of its cashierless checkout system, allowing customers to buy clothing without having to wait in line. The updated version of the company's Just Walk Out system incorporates radio-frequency identification, or RFID, technology, and each item in a store will feature an RFID tag. Avery Dennison, a materials science and digital identification company, built the RFID technology, according to Amazon. If retailers adopt the technology, it could mark a significant expansion for Amazon's Just Walk Out system.
Persons: Avery Dennison, Lumen Organizations: Amazon, National Football League's Seattle Seahawks Locations: Ealing, London, England, Seattle
As August comes to a close, a handful of stocks are on the verge of an upward breakout, according to this chart pattern closely watched by technical analysts. The phenomenon, known as a golden cross pattern, occurs when an asset's 50-day moving average rises above the longer-term 200-day moving average. The pattern is regarded by Wall Street as bullish sign of a potential rally to come. Here are the stocks on the verge of a breakout, according to data from FactSet: Valero Energy is one stock approaching a so-called bullish golden cross. The stock's 50-day and 200-day moving average last hovered around $249.20 and $250.91, respectively.
Persons: Wall, Danaher, Avery Dennison, Fred Imbert Organizations: Valero Energy Locations: Valero
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. Youngwood, who has joint French-U.S. citizenship, was named group CFO at UBS in December 2021 and started in the role in May 2022. Earlier this year, Youngwood left UBS after it completed its deal to buy Credit Suisse. Dennison joined Nasdaq in 2015 as chief accounting officer and was elevated to CFO in March 2021. Prior to joining Nasdaq, Dennison served as head of financial reporting at Goldman Sachs Group (GS.N).
Persons: Sarah Youngwood, Ann Dennison, Youngwood, Dennison, Adena Friedman, Tal Cohen, Nelson Griggs, David French, Anirban Sen, Lisa Shumaker, Andy Sullivan Organizations: Nasdaq, REUTERS, Nasdaq Inc, UBS Group AG, U.S, Reuters, UBS, Credit Suisse, JPMorgan Chase &, Consumer & Community, JPMorgan, Goldman Sachs, Thomson Locations: New York City, U.S, Swiss, New York
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. Nasdaq's current CFO Ann Dennison is expected to step down from her role, the sources said, requesting anonymity as the matter is confidential. Youngwood, who has joint French-U.S. citizenship, was named group CFO at UBS in December 2021 and started in the role in May 2022. Dennison joined Nasdaq in 2015 as chief accounting officer and was elevated to CFO in March 2021. Prior to joining Nasdaq, Dennison served as head of financial reporting at Goldman Sachs Group (GS.N).
Persons: Sarah Youngwood, Ann Dennison, Youngwood, Dennison, Adena Friedman, Tal Cohen, Nelson Griggs, David French, Anirban Sen, Lisa Shumaker Organizations: Nasdaq, REUTERS, Nasdaq Inc, UBS Group AG, UBS, Credit Suisse, JPMorgan Chase &, Consumer & Community, JPMorgan, Goldman Sachs, Thomson Locations: New York City, U.S, Youngwood, Swiss, New York
NEW YORK, Aug 29 (Reuters) - Exchange operator Nasdaq Inc (NDAQ.O) is preparing to name former UBS Group AG (UBSG.S) executive Sarah Youngwood as its new chief financial officer, people familiar with the matter said on Tuesday. Nasdaq's current CFO Ann Dennison is expected to step down from her role, the sources said. Nasdaq did not immediately respond to requests for comment. Youngwood and Denison were not immediately available for comment. Reporting by David French in New York; Editing by Anirban SenOur Standards: The Thomson Reuters Trust Principles.
Persons: Sarah Youngwood, Ann Dennison, Youngwood, Denison, David French, Anirban Sen Organizations: Nasdaq Inc, UBS Group AG, Nasdaq, Thomson Locations: New York
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. Nasdaq's current CFO Ann Dennison is expected to step down from her role, the sources said, requesting anonymity as the matter is confidential. Youngwood, who has joint French-U.S. citizenship, was named group CFO at UBS in December 2021 and started in the role in May 2022. At JPMorgan, Youngwood held a variety of roles during her 25-year stint at the bank, according to her LinkedIn profile. Dennison joined Nasdaq in 2015 as chief accounting officer and was elevated to CFO in March 2021.
Persons: Sarah Youngwood, Ann Dennison, Youngwood, Dennison, Tal Cohen, Nelson Griggs, David French, Anirban Sen, Lisa Shumaker Organizations: Nasdaq, REUTERS, Nasdaq Inc, UBS Group AG, UBS, Credit Suisse, Swiss, JPMorgan Chase &, Consumer & Community, JPMorgan, Goldman Sachs, Thomson Locations: New York City, U.S, Swiss, New York
Here are Wednesday's biggest calls on Wall Street: Deutsche Bank reiterates Charles Schwab as buy Deutsche said it sees an even "more" attractive risk/reward for Schwab shares after Tuesday's sell-off. Morgan Stanley reiterates Apple as overweight Morgan Stanley said Apple has "surpassed MSFT as the most under-owned large-cap tech stock exiting the second-quarter." Bank of America reiterates Meta as buy Bank of America said it sees more upside for shares of Meta. Bank of America reiterates Five Below as buy Bank of America said it's standing by shares of the discount retailer. Bank of America downgrades Dick's to neutral from buy Bank of America downgraded the stock after its disappointing earnings report Tuesday.
Persons: Charles Schwab, Schwab, SCHW, Wells Fargo, Wells, Morgan Stanley, Apple, Oppenheimer, Brown, Forman, GM headwinds, Edward Jones, DUK, Avery Dennison, Davidson, Goldman Sachs, Goldman, Susquehanna, Marvell Organizations: Deutsche Bank, Deutsche, Signet, Netflix, GM, Edward, Bank of America, Meta, Barclays, Duke Energy, JPMorgan, UBS, " Bank of America, Infosys, India IT, Marvell Locations: AAPL, 4Q23, Louisiana, Pacific, LPX, India
Nvidia has been one of the biggest winners on the back of the AI boom with shares rising nearly 220% this year. Peloton reported a loss of 68 cents per share, versus the 38-cent loss per share expected by analysts polled by Refinitiv. Foot Locker — The athletic retailer plunged 33% after cutting its outlook again for the year and suspending its quarterly dividend. Advanced Auto Parts — Advance Auto Parts rose 1% after beating analysts' revenue expectations for its second quarter. The auto retail company reported revenue of $2.69 billion, greater than the consensus estimate of $2.66 billion, according to Refinitiv.
Persons: Locker, Fitch, Abercrombie, Charles Schwab —, Schwab, Oppenheimer, Brown, Forman —, Morgan Stanley, Avery Dennison, Davidson, Safehold, Goldman Sachs, Goldman, it's, Shane O'Kelly, — CNBC's Hakyung Kim, Samantha Subin, Yun Li, Sarah Min, Jesse Pound Organizations: Nvidia, Refinitiv . Revenue, Dick's, Goods, Abercrombie, Pharmaceuticals, Nike —, Urban Outfitters, Refinitiv, Revenue, Netflix, Bank of America, UBS, DA, Marvell Technology, Susquehanna Locations: Louisiana, Pacific
Here are six top growth stocks in rapidly expanding industries like artificial intelligence. In an ocean of growth-focused funds, the Virtus Zevenbergen Innovative Growth Stock Fund (SAGAX) has an unrivaled knack for standing out — for better or worse. The basket of growth stocks has logged an astounding 62% year-to-date gain, which makes it one of the best-performing mutual funds in 2023. How to successfully invest in growth stocks in any marketThe core tenets that have anchored the Virtus Zevenbergen Innovative Growth Stock Fund through the storms of the last few years are simple, though following them can be challenging. The Virtus Zevenbergen Innovative Growth Stock Fund usually has 30-to-40 holdings at a time, Dennison said, and stocks stay in the portfolio for an average of over five years.
Persons: Anthony Zackery, Joe Dennison don't, they've, Dennison, Zackery, Nancy Zevenbergen, Brooke de Boutray, who've, Zackery isn't, He's, he's Organizations: Virtus, Stock Fund, Fund, Devices, Nvidia, Technology, Amazon, Netflix, Mercado Libre Locations: Zackery, Canada, Latin America, The Uruguay
That equals more than 3.8 million metric tons of emissions from the production and disposal of the paper, or about 10.9 million trees. The company aims to have a plan by 2025 for all its medical information to go electronic by the end of the decade. PREVIEWOther countries have digitized drug information, with Japan leading the way. Singapore has been in the process of switching to digital information or so-called e-labeling for consumers and medical professionals since 2020. And since 2009, Australia has required digitized instructions for medical professionals and patients, although some drugs such as injectables may contain a hard copy.
Persons: Pam Cheng, Alyssa Schukar, , Cheng, Johnson, Joshina Kapoor, Eli Lilly, Avery Dennison, JP Gould, WestRock, Diana Harshbarger of, Diana Harshbarger, Richard Scholz, Jeremy Kahn, AstraZeneca’s Cheng, Joshua Martin, Dieter Holger Organizations: Alliance, AstraZeneca, Wall, pharma, Johnson, U.S . Food, Drug Administration, Pfizer, Pharmaceutical, Literature Association, Republican U.S . Rep, . House, REUTERS Rep, FDA, Senate, Association, Sustainable Business, Environmental, , dieter.holger Locations: U.S, Japan, Diana Harshbarger of Tennessee, Tenn, American, Maihara, Singapore, Australia, North America
Opinion: The ultimate ‘Succession’ lesson
  + stars: | 2023-05-28 | by ( Richard Galant | ) edition.cnn.com   time to read: +13 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Walt Handlesman/Tribune Content AgencyIn a much more ominous vein, the theme of survival dominates the HBO show “Succession,” which is coming to an end Sunday. She’s so caught up in beating her brothers at the succession game that she can’t see this baby as anything but an obstacle.”“Ultimately, this storyline is a perfect encapsulation of the larger tragedy that is ‘Succession,’” Bodenheimer added. The contest for the 2024 GOP presidential nomination heated up last week with the official entry of Florida Gov. Ron DeSantis, former President Donald Trump’s strongest challenger in the polls.
A Manhattan grand jury voted to indict Donald Trump, possibly over a "hush-money" payment. Here's a timeline of Trump and Daniels' alleged relationship, the $130,000 payment to keep Daniels silent, and the testimonies leading to a possible indictment. Markus Schreiber/APManhattan District Attorney Alvin Bragg convened a grand jury in mid-January of this year to consider an indictment against Trump. And Trump's former fixer and lawyer Michael Cohen, prosecutors' key witness, has made repeated visits to the DA's office and to the grand jury. Anna Moneymaker/Getty ImagesThe Manhattan grand jury voted to indict Trump on Thursday, March 30.
A Manhattan grand jury weighing evidence for a possible Donald Trump "hush-money" indictment. Here's a timeline of Trump and Daniels' alleged relationship, the $130,000 payment to keep Daniels silent, and the testimonies leading to a possible indictment. Markus Schreiber/APManhattan District Attorney Alvin Bragg convened a grand jury in mid-January of this year to consider an indictment against Trump. And Trump's former fixer and lawyer Michael Cohen, prosecutors' key witness, has made repeated visits to the DA's office and to the grand jury. What could happen nextThe final witnesses were scheduled to testify before the grand jury on March 20, though it is unclear when the panel may vote.
Instead, the grand jury room where Donald Trump could become the first former president to be criminally indicted is a drab, un-Trumplike space, seemingly too ordinary for its purpose. After each presentation, she'd wait, seated on one of those same chairs, as grand jurors deliberated behind closed doors. "And yes, sometimes there are people who will drive the other 22 grand jurors crazy with off-the-wall questions." There needs to be at least 16 grand jurors present out of the originally selected 23 to have a voting quorum. The prosecutor, meanwhile, will sit on that old, uncomfortable wooden chair just outside the grand jury room, and wait for the buzzer.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's 'way too big' and exciting for investors to ignore, says asset management firmTariq Dennison of GFM Asset Management says India has many advantages that China doesn't, but the biggest risk factor is that investors are too optimistic about its growth.
But investors are starting to feel slightly more optimistic toward Chinese tech giants in 2023. Jakub Porzycki | Nurphoto | Getty ImagesIt's been another rough year for China's tech stocks. Xin Sun King's College LondonHow the exit from zero-Covid is handled could ultimately determine the extent of the rebound for China tech. Since the start of 2021, the Hang Seng tech index in Hong Kong, which includes most of China's tech giants, has fallen more than 50%. Firstly, Chinese tech firms have been cutting costs and exiting non-core businesses in order to boost profitability.
Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. The money set aside stands at up to 440 billion euros ($465 billion), according to the calculations, which provide the first combined tally of all of Germany's drives aimed at avoiding running out of power and securing new sources of energy. That equates to about 1.5 billion euros a day since Russia invaded Ukraine on Feb. 24. Energy rationing is a risk in the event of a long cold spell this winter, Germany's first in half a century without Russian gas. There's no security in sight either, with the push to build up of two alternatives to Russian fuel - liquefied natural gas (LNG) and renewables - years away from targeted levels.
Authorities in Hawaii are searching for a woman who went missing in the waters of South Maui on Thursday while snorkeling with her husband. Officials began their search after the woman's husband called 911 just before noon local time (5 p.m. Rescuers search for a missing snorkeler at Keawakapu Point in Kihei, Hawaii on Dec. 8, 2022. Data from the Hawaii Land and Natural Resources shows that there have been six recorded shark incidents this year, one of which occurred in Maui, not including yesterday's incident. The most recent incident that occurred in Maui prior to yesterday's incident took place in September, when a snorkeler lost their left arm and two fingers on their right hand after encountering a shark, the data shows.
CNBC Stock World Cup: Nintendo vs. Visa — who wins?
  + stars: | 2022-11-23 | 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 EmailCNBC Stock World Cup: Nintendo vs. Visa — who wins? As part of CNBC's Stock World Cup challenge, Tariq Dennison of GFM Asset Management weighs in on whether Nintendo or Visa is a better bet for investors for the next 12 months.
Morning Bid: Consumer drain as banks gain
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +5 min
Google's results in particular bode ill for Facebook parent Meta Platforms (META.O), especially reliant on advertising and reporting its results late on Wednesday. Consumer blues contrasted with bumper earnings from banks who are raking in huge windfalls from rising interest rates - direct cash injections from reserves they hold at central banks along with higher net interest margins and trading revenues flattered by volatile markets. read more read more read more read moreEuropean banks reporting this week matched Wall St counterparts on that score, raising conundrums for the European Central Bank meeting this week and Bank of England and U.S. Federal Reserve gatherings next week. They all plan further policy rate rises to rein in inflation - but this also involves direct transfers to their banks and potentially a drain on government finances. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Oct 19 (Reuters) - Nasdaq Inc (NDAQ.O) reported a 15% jump in third-quarter adjusted profit on Wednesday, driven by strong demand for the exchange operator's investment products that helped offset a slowdown in initial public offerings. Register now for FREE unlimited access to Reuters.com RegisterRevenue at the firm's solutions segment, which houses its technology products, jumped 8% to $584 million. Excluding one-time items, Nasdaq earned 68 cents per share in the quarter ended Sept. 30. In line with other major financial firms, Nasdaq has also battled rising costs amid decades-high inflation. The company said it repurchased $633 million in shares of its common stock in the first nine months of the year.
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