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Aaron Dyer, an attorney for Combs, had described the searches in March as a “gross overuse of military-level force.”Authorities walk near a property belonging to Sean "Diddy" Combs in Los Angeles on March 25. Jones alleged that Combs was attempting to groom him into having a sexual relationship with him. Paul was named as an employee of Combs’ in Jones’ suit, which described him as someone who acquires and distributes drugs and guns on Combs’ behalf. The assault is alleged to have occurred days before Sean Combs hosted a New Year’s Eve yacht party with celebrity guests. Combs' attorney Marc Agnifilo said his client was the subject of "what we believe is an unjust prosecution."
Persons: Sean “ Diddy ” Combs, Combs, Damian Williams, Aaron Dyer, Sean, Diddy, Eric Thayer, Cassie, , Casandra Ventura, Joi Dickerson, Neal, Dickerson, Jan, , Liza Gardner, Gardner, Aaron Hall, Gardner “, Jane Doe, Harve Pierre, Angela Weiss, Pierre, Doe, Rodney Jones, Rodney “, Rod ” Jones, ” Jones, Jones, Giorgio Viera, Brendan Paul, Jones ’, Dyer, Combs “, there’s, ” Dyer, “ Mr, ” Brendan Paul, Paul, Brian Bieber, Christian Combs, Grace O’Marcaigh, Sean Combs, O'Marcaigh, ” Combs, I’m, ” Meredith Firetog, ” Firetog, , , Danity Kane, Dawn Richard, Kane, Richard, Marc Agnifilo, Agnifilo Organizations: Southern, of, Federal, U.S, NBC News, New York, Syracuse University, MCA Records, NBC, Getty, U.S ., Homeland Security Investigations, Officials, Dade, Homeland Security, CNN, MTV Locations: New York City, U.S, of New York, Manhattan, New York, Los Angeles, New, Harlem, Detroit, Michigan, Florida, Los Angeles and New York, U.S . Virgin Islands, Miami Beach, Angeles, Miami, Bahamas, Court
The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.
Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC
Employers know that prioritizing employee wellbeing is the right thing to do, but there are also business benefits. Investing in work wellbeing does more than improve employee morale — it can also drive tangible business benefits. Oxford recently analyzed Indeed's work wellbeing dataset and highlighted a strong correlation between company wellbeing and business performance. Moreover, the Indeed-Oxford research reveals the long-term business benefits of prioritizing employee wellbeing. Indeed further strengthened the business case for work wellbeing with the launch of the Work Wellbeing 100, an index ranking the top 100 publicly traded companies by their Indeed Work Wellbeing Score.
Persons: Russell, — LaFawn Davis, Davis Organizations: Oxford, University of Oxford, Nasdaq, Forrester Research, Companies, Insider Studios Locations: Oxford, millennials
Citi lowered its price target on Micron Technology ahead of earnings. The analyst downgraded the solar photovoltaic system stock to underperform from hold and lowered its price target to $17 per share from $27. The firm upgraded the biotechnology stock to buy from hold and raised its price target to $150 per share from $95. The firm initiated coverage of the personal computing and technology stock with an outperform rating and a $135 per share price target. "Shopify holds a significant advantage in the social ecommerce space, with its breadth of direct social media integrations that are crucial for social ecommerce," Ball added.
Persons: Jefferies downgrades SolarEdge Jefferies, Dushyant Ailani, Brian Evans, BioNTech Jefferies, Jefferies, BioNTech, Akash Tewari, Vijay Rakesh, DELL, — Brian Evans, Dominic Ball, Ball, Shopify, Christopher Danely, Danely, Fred Imbert, ~$ ( ~ $ ~$) Organizations: CNBC, Tuesday, Citi, Micron Technology, Jefferies, BNT327, Mizuho, Dell, Mizuho Securities, Micron, MU Locations: Europe, 2024E, China, Monday's
Researchers at Aston University in England estimated that between 2021 and 2023, annual UK exports of goods to the EU were 17% lower than they would have been had Brexit never happened. Exports in most sectors have decreased since 2021, according to the report. “The UK-EU trade relationship remains crucial for both parties,” Tuesday’s report said, adding that the relationship “underpins” economic stability and growth. According to the study’s lead author, Professor Jun Du, the post-Brexit trade deal has “introduced substantial barriers” to UK-EU trade. The report is the latest piece of research to highlight the negative effects Brexit has had on the UK economy.
Persons: London CNN — Brexit, , Keir Starmer, , Jun Du, ” Du, Brexit, Sophie Hale, , Olesya Dmitracova Organizations: London CNN, European Union, Aston University, Labour, EU, Locations: United Kingdom, England, EU,
If you've inherited a pretax individual retirement account since 2020, you could face a sizable tax bill without proper planning, experts say. Previously, heirs could take inherited IRA withdrawals over their lifetime, known as the "stretch IRA." The 10-year rule can mean higher yearly taxes for certain heirs, particularly for higher earners with bigger IRA balances. Shortening the 10-year withdrawal window can compound the issue, experts say. For example, Smith has seen people lose eligibility for the electric vehicle tax credit, worth up to $7,500, by taking a large inherited IRA withdrawal in a single year.
Persons: you've, Ben Smith, Smith Organizations: Financial, Finance, Vanguard Locations: Milwaukee
FanDuel parent Flutter Entertainment will spend $2.6 billion, or 2.3 billion euros, to acquire Italian gambling company Snaitech from Playtech , adding to a string of deals that aim to boost international growth. Italy is a particularly attractive market for Flutter, as it had about 21 billion euros in gross gaming revenue in 2023. It also acquired Italian lottery and gaming operator Sisal in 2022, and just reported record online market share in Italy in the second quarter. Flutter said Snai had almost 10% market share in Italy last year and nearly 300,000 monthly active users. The new business will be renamed Flutter Brazil, and the deal is expected to close in the second quarter of 2025.
Persons: Snai, Peter Jackson Organizations: New York Stock Exchange, CNBC, NSX Group, Group, MGM Resorts, Grupo Globo, Global Locations: Playtech, Brazil, , Italy, Massachusetts, U.S
That marks a real GDP growth rate of 51.1% between 2010 and 2021, meaning an economic contribution that's 2.7 times that of the non-Hispanic population. Despite those large figures, some economists think that U.S. Latinas could be contributing more to GDP than the report's figure. A growing forceWhen it comes to labor force participation, Latinas are outpacing other groups, the BofA report showed. Conversely, the non-Latino labor force growth rate was negative that year, meaning that more people left the labor force than entered it. "Whereas all Latinos are a source of economic strength, Latinas are drivers of vitality that the economy needs."
Persons: Manolo, Jeffrey Greenberg, Jeff Greenberg, Belinda Román, Mónica, Pérez, Matthew Fienup, David Hayes, Bautista, , Latinas, Elise Gould, Andrew Lichtenstein Organizations: Miami, Universal, Getty, Bank of America, St, Mary's University, CNBC, Fayetteville State University, Latina, Center for Economic Research, California Lutheran University, Center, Latino Health, Culture, School of Medicine, UCLA, Drivers, Economic, EPI, Brooklyn Puerto Rico Day, Corbis Locations: Miami Beach , Florida, U.S, Florida, California , Texas, New York, Brooklyn, Bushwick, Brooklyn , New York
States such as Maine, New Mexico, and Utah have seen the largest percent increases in median gross rent — which includes rent and utility costs — between 2022 and 2023. The median housing cost for renters increased from $1,354 to $1,406 during this period. The census data covers increases between 2022 and 2023, and more recent data shows that cost growth has continued this year. According to national Redfin data, rents increased slightly nationwide in September 2024 compared to the year prior, at 0.9%, and are now $1,645 for all rental sizes. The ACS reveals some racial inequities among cost-burdened households.
Persons: Organizations: Service, Survey, Business, DC Locations: Maine, New Mexico, Utah, Hawaii, Washington, Florida, Mississippi, Alaska, New York, Raleigh, Fort Worth, Charlotte, Milwaukee, Florida , Nebraska, Vermont, Alaska , Delaware, Georgia, Pennsylvania
Russia's oil revenue has plummeted as global crude prices fall. Oil sales dropped to $1.44 billion in the week ending September 8, per data cited by Bloomberg. AdvertisementRussia's oil business has taken a hit, with the nation's crude revenue dropping to its lowest levels in seven months, according to Argus Media data cited by Bloomberg. Urals crude, Russia's flagship oil blend, has edged lower to $67.61 a barrel, down around 20% from its peak in the spring of this year. Russia is set to make even steeper oil production cuts later in 2024, as part of OPEC's goal to boost crude prices.
Persons: , Russia's Organizations: Bloomberg, Service, Argus Media, Russia's Energy Ministry Locations: Moscow, Russia, Hungary, Asia
Evercore ISI lowered its price target on Alphabet to $200 from $225 , citing antitrust worried. Analyst Atif Malik's $130 price target, up from $119, implies that the stock could rally 17% from here. The firm upgraded the software giant to a buy rating and hiked its price target to $210 from $155. The investing firm downgraded the online bank to neutral from buy and removed its $44 price target. — Lisa Kailai Han 5:49 a.m.: Evercore ISI trims Alphabet price target Alphabet's antitrust issues will limit upside going forward, according to Evercore ISI.
Persons: Atif, Malik, — Lisa Kailai Han, Ben Reitzes, Reitzes, BTIG, Vincent Caintic, Caintic, Lisa Kailai Han, KeyBanc, Justin Patterson, Patterson, GE Vernova, Julian Mitchell nodded, Mitchell, Mark Mahaney, Mahaney, Fred Imbert Organizations: CNBC, ISI, Barclays, GE Vernova, Citi, Oracle Melius Research, Oracle, Ally, Spotify, TAM, GE, General Electric, Electric Utilities, DOJ, Google, Microsoft, TAC Locations: Friday's, MI, United States, U.S
Punit Paranjpe | Afp | Getty ImagesIndia can achieve sustainable economic growth of up to 8% over the medium term, according to the country's central bank governor. The figures have ratcheted up pressure on the central bank to launch its own rate-cutting cycle sooner rather than later. Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during the Global Fintech Fest 2024 in Mumbai, India, on August 28, 2024. Nurphoto | Nurphoto | Getty ImagesIt comes as major central banks have started to ease monetary policy in recent months, including the European Central Bank, the Bank of England and the Swiss National Bank. Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.
Persons: Punit Paranjpe, CNBC's Tanvir Gill, Shaktikanta Das, Das, Goldman Sachs Organizations: Afp, Getty, Reserve Bank of India, International Monetary Fund, Nurphoto, European Central Bank, Bank of England, Swiss National Bank, The U.S . Federal Reserve, ECB, Bank of India, Global Locations: Mumbai, India, Japan, Germany, U.S, China
Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Alphabet as outperform Evercore says it's sticking with shares of the search giant. Morgan Stanley reiterates Micron as equal weight Morgan Stanley lowered its price target on the stock to $100 per share from $140. Morgan Stanley reiterates Tesla overweight Morgan Stanley says it's sticking with its overweight rating heading into Tesla's robotaxi day on Oct. 10. Morgan Stanley upgrades Ase Technology to overweight from equal weight Morgan Stanley said in its upgrade of Ase that the chipmaker's stock is defensive. Morgan Stanley upgrades Chart Industries to overweight from equal weight Morgan Stanley says the gas liquefication company has "significant exposure to both energy transition and renewables as well as traditional energy."
Persons: Evercore, Morgan Stanley, Tesla, Simon, Eaton, Wells, Pro Max, Carvana Evercore, Jack Sinclair, Curtis Valentine, Merchant Scott Neal, BTIG, Truist, Melius Organizations: DOJ, Micron, Technology, Industries, Citi, downgrades Colgate, Palmolive, CL, Barclays, GE, GE Vernova, JPMorgan, Apple, Pro, Ally, Mizuho, Oracle, " Bank of America, Nvidia, Bank of America Locations: Tesla's, Staples
If your gross income and tax situation has not changed from last year, you are likely to owe a similar amount for 2024, Lucas explained. If you have paid roughly 75% of last year's total taxes by the end of September, "you're going to be pretty darn close, assuming everything is the same as the prior year," he said. In those scenarios, you will need a more in-depth analysis to double-check your 2024 withholding, he said. IRS tax withholding estimatorIf your tax situation changed this year, experts recommend periodically using a free tool from the IRS, known as the "tax withholding estimator." watch nowAlternatively, you could make payments directly to the IRS to cover your 2024 tax shortfall, Lucas said.
Persons: Lucas, you've, Mark Steber, Jackson Hewitt Organizations: Bank, Getty, IRS
In reality, the Rat Pack offers regular citizens a crash course in rodent mitigation in hopes of inspiring them to take more active roles in what often feels like an unwinnable battle. AdvertisementThose who join the Rat Pack must complete three activities: a "rat walk" that promises to "uncover the world of urban rats," a two-hour "rat academy" on rodent-prevention methods, and a service project, like a park cleanup. If you seek to understand this rat, Corradi told our group, "you can kind of just hold up a mirror and look at yourself." Related storiesCorradi, recognizable from various press appearances and her navy Rat Pack hat, is supposed to offer New Yorkers additional peace of mind. And yet I secured my precious Rat Pack merch by doing exactly that.
Persons: Andrew Barrett, He's, Barrett, Eric Adams, Kathleen Corradi, Brooklyn's Herbert Von King, wouldn't, Corradi, haven't, Adams, Michael Parsons, we've, doesn't, there's, We've, , I'd, shrugged, You'll Organizations: NYC, Cub Scouts, Anadolu Agency, Washington DC, Anadolu Locations: Brooklyn, Yorkers, New York, New York City, Chicago, Brooklyn's Chinatown, West Harlem
“I’ve been battling this for over 20 years,” Belk, 68, said of his medical debt. The burden of medical debt has contributed to financial anxiety among voters and has become an issue in the 2024 presidential campaign. Guill, who has multiple sclerosis, lives in Aiden, North Carolina, a rural community just south of Greenville. She volunteers with a nonprofit called Down Home North Carolina to help her neighbors gain access to Medicaid. “We have a ton of people with medical debt in the state because our insurance plans didn’t cover our medical bills,” she said.
Persons: “ I’ve, ” Belk, KFF, , Berneta Haynes, Terry Belk's, Mike Belleme, , it’s, don’t, Cynthia Fisher, they’ve, PatientRightsAdvocate.org, Darcy Guill, Darcy Guill Guill, Harold Miller Organizations: National Consumer Law Center, U.S, NBC, Atrium Health, Health, American, of Public Health, Nonprofit, Affordable, The Commonwealth Fund, Urban Institute, Center for Healthcare Locations: South Dakota, Mississippi, North Carolina, American, Charlotte, N.C, United States, U.S, Aiden , North Carolina, Greenville
The country’s new reformist President Masoud Pezeshkian campaigned on a promise to halt the harassment of women by morality police. In Iran, the hijab — and the all-encompassing black chador worn by some — has long been a political symbol as well. There have been scattered videos of women and young girls being roughed up by officers in the time since. Surveillance cameras search for women uncovered in vehicles to fine and impound their cars. The government has gone as far as use aerial drones to monitor the 2024 Tehran International Book Fair and Kish Island for uncovered women, the U.N. said.
Persons: Mahsa Amini, there’s, Masoud Pezeshkian, Ayatollah Ali Khamenei, , Amini, Khamenei, Ebrahim Raisi, Pezeshkian, Hamid Zarrinjouei, , Mohammad Movahedi Azad, Movahedi Azad, Ham Mihan, hadn’t, Simin Kazemi Organizations: United Nations, Tehran Sharif University, Metro, Pezeshkian, Iran’s, Iran’s Ministry of Culture Locations: it’s, Iran, Tehran, Tehran Sharif, Kish
Why Trump’s trade hero turned against tariffs
  + stars: | 2024-09-14 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +15 min
Vice President Kamala Harris has lambasted Trump’s tariff plan as a tax, but President Joe Biden has maintained tariffs Trump put in place during his presidency. We used trade policy, or tariffs, as a form of reciprocity, where we said, OK, our tariffs are pretty high. So that’s what led to all these trade agreements, the General Agreement on Tariffs and Trade, GATT, which became the WTO (World Trade Organization), NAFTA (North American Free Trade Agreement) and other free trade agreements that we’ve reached. He began to entertain this idea of reciprocity, of trying to reduce foreign tariffs by offering cuts in our tariffs. How do those tariffs compare with the late 19th century tariffs?
Persons: CNN —, Donald Trump, Kamala Harris, Joe Biden, Biden, Read, Douglas Irwin, Irwin, William McKinley —, Trump, IRWIN, there’s, It’s, we’ve, William McKinley WOLF, William McKinley, McKinley, they’ve, Bush, H.C ., William Jennings Bryan, that’s, they’re, it’s, Britain WOLF Organizations: CNN, Republicans, Democrats, Trump, Dartmouth College, Commerce, US Trade, Trade, WTO, World Trade Organization, American Free Trade, of Congress, University, Virginia’s, Federal, WOLF, Peterson Institute for International, Republican Party Locations: China, Ohio, Pennsylvania, Homestead , Pennsylvania, H.C, Buffalo, trillions, United States, it’s China, Britain, Japan
Mortgage rates probably won't drop much further if the Fed cuts rates, unless central bankers opt for a larger-than-expected cut. 30-Year Mortgage RatesAverage 30-year mortgage rates have been dropping this month and are now down near 5.70%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal Reserve, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Chevron
And yet, the unemployment rate continues to inch up, job openings continue to fall, and payroll data continue to underwhelm. But how long that enthusiasm can continue to outweigh declining labor market indicators remains to be seen. AdvertisementThe first is declining job openings, which are down to 7.6 million from 2022 highs above 12 million. BullAndBearProfits.comAnother sign Wolfenbarger shared showing the labor market is turning sour is the Kansas City Fed's Labor Market Conditions Index, which is a composite of 24 job market indicators. BullAndBearProfits.comFinally, in a September 2 note, Wolfenbarger shared a chart from Bank of America showing the decline in private job growth as a share of all job growth.
Persons: , Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, there's, BullAndBearProfits.com, John, Hussman, Stocks Organizations: Service, JPMorgan, Business, Kansas City Fed's Labor, BullAndBearProfits.com, Bank of America Locations: Kansas
The company may have maintained its full-year revenue outlook, but that was taken as good enough after last quarter's debacle. Management also provided a better-than-expected sales, earnings, and recurring revenue outlook. The Good Abbott Laboratories : Sales, earnings and organic growth all exceeded analyst estimates. Broadcom : Sales and earnings outpaced expectations , driven by strong sales of its AI products and VMware software. Alphabet : Delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space.
Persons: we've, Lisa Su, , Eli Lilly, Zepbound, Stanley Black, Stanley, Morgan Stanley, Procter, Jim Cramer's, Jim Cramer, Jim, Steve Marcus Organizations: Costco, DuPont, Club, Management, Nvidia, Palo Alto Networks, Good Abbott Laboratories, Broadcom, VMware, Wealth Management, Investment Management, Microsoft, Constellation Brands, TJX, Amazon Web Services, Coterra Energy, GE Healthcare, Honeywell, Gamble, Jim Cramer's Charitable, CNBC, AMD Locations: China, Covid, Dover, Eaton, Palo, North America, GEHC, Wells Fargo, Las Vegas , Nevada, U.S
SANTA CLARA, Calif. — All-Pro running back Christian McCaffrey has been ruled out of this weekend’s game for the San Francisco 49ers because of his lingering calf and Achilles’ injuries and could be headed to injured reserve. McCaffrey was held out of practice on Friday, a day after experiencing pain in practice. He was then ruled out of the game Sunday against Minnesota after expressing hope earlier in the week that he could play. Addison had seven catches for 123 yards and two TDs in a win against San Francisco last season. In other injury news for San Francisco, defensive end Yetur Gross-Matos is set to play after missing the opener with a knee injury.
Persons: Christian McCaffrey, , McCaffrey, Kyle Shanahan, ” Shanahan, ” McCaffrey, , John Lynch, it’s, It’s, Jordan Mason, Jordan Addison, Addison, Brian O’Neill, Harrison Smith, Ed Ingram, Yetur Gross, Matos, Dee Winters Organizations: San Francisco 49ers, Minnesota, Jets, NFL, Niners, New York Jets, Vikings, San Francisco, San Locations: SANTA CLARA, Calif, San Francisco’s, Minnesota, San Francisco
The third-quarter estimated tax deadline for 2024 is Sept. 16, and skipping a payment could trigger a penalty, according to the IRS. Some filers also need estimated payments if they haven’t withheld enough taxes from a full-time or part-time job. Estimated payments can help avoid “refund disappointment or balance due shock,” said Mark Steber, chief tax information officer of Jackson Hewitt. For 2024, the quarterly estimated tax deadlines are April 15, June 17, Sept. 16 and Jan. 15, 2025. You can use your online account, IRS Direct Pay or the U.S. Department of the Treasury’s Electronic Federal Tax Payment System, or EFTPS.
Persons: , Mark Steber, Jackson Hewitt, there’s, Tricia Rosen, Virgin Organizations: Taxpayers, IRS, U.S . Department Locations: Newburyport , Massachusetts, Puerto Rico
Here are Friday's biggest calls on Wall Street: Raymond James initiates Arm as outperform Raymond James said the semis company is well positioned for AI. Citi downgrades Capri Holdings to neutral from buy Citi said the risk/reward is more balanced for the owner of brands like Michael Kors. UBS reiterates Oracle as buy UBS raised its price target on the stock to $200 per share from $175. The feedback on Oracle's top-line growth was overall positive..." UBS reiterates PNC as buy UBS said the bank is a high conviction idea. " Citi resumes Eli Lilly as buy Citi resumed coverage of the stock and says it's well positioned.
Persons: Raymond James, Jefferies, SLG, CFRA, it's, datopotamab, Michael Kors, haven't, Morgan Stanley, EQT, Citi, Eli Lilly, Lilly, Tesla, BEV, Wells Organizations: Arm Holdings, ARM, Citi, Green, Kroger, Macquarie, Rio Tinto, Deutsche Bank, AstraZeneca, Deutsche, Capri Holdings, Barclays, Garmin, GM, BMO, GE, UBS, Oracle, Oracle's, PNC, JPMorgan, Netflix, JPMorgan downgrades Moderna, Nvidia, NVIDIA Locations: GenAI, New York, Rio, RIO, Las Vegas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia still has a very compelling story, says Morgan Stanley's Joseph MooreJoseph Moore, Morgan Stanley senior semiconductor analyst, joins 'Squawk Box' to discuss what happened this week with Nvidia's stock, if the company's Blackwell chip will have less gross margin than its predecessor, and more.
Persons: Morgan Stanley's Joseph Moore Joseph Moore, Morgan Stanley, Blackwell Organizations: Nvidia
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