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Goetz Alebrand, head of ocean freight at DHL Global Forwarding Americas, said he is not optimistic freight rates will decline anytime soon. "It is unlikely that the situation will resolve itself soon and [ocean freight] rate levels might not ease up before Chinese New Year," Alebrand said. Air freight prices and demand are going higher According to freight intelligence firm Xeneta, China to North America air freight spot rates increased 43%, to $4.88 per kilogram, year-on-year in May. According to ocean freight data from FreightWaves SONAR, container bookings and freight orders from shippers to the ocean carriers are down 48% month-over-month. Xeneta data tracking ocean freight rates from the Far East to the U.S. East Coast, West Coast and Gulf Coast ports shows the historic run.
Persons: Joe Giddens, Paul Brashier, Brashier, Goetz Alebrand, Alebrand, Alan Murphy, Murphy, Peter Boockvar, Boockvar, We've, Nate Herman, Xeneta, Daniel Ives, Niall van de, van de, Good Hope Organizations: Federal Reserve, CNBC, ITS Logistics, DHL Global, Intelligence, Defense Intelligence, U.S ., Bleakley Financial, American Apparel and Footwear Association, Global, ", Apple, Wedbush Securities, Trade, Good Locations: Asia, Europe, Sea, Red, Africa, Shanghai, Rotterdam, Genoa, U.S . West Coast, East Coast, U.S, China, North America, U.S . East Coast , West Coast, Gulf Coast
When I try to get my head around big, complicated tech questions, I often rely on Ben Thompson, the influential tech analyst who writes the Stratechery newsletter. And that Apple gets the upside of AI without incurring many of the costs and risks other tech players are taking on. AdvertisementPeter Kafka: You seemed pretty enthusiastic about Apple's AI efforts before they announced them on Monday. One is some massive AI breakthrough, such that the phone becomes the commodity, as opposed to Apple making the AI the commodity. Peter Kafka: You've been speculating about whether Apple is paying OpenAI, or OpenAI is paying Apple.
Persons: , Ben Thompson, Peter Kafka, They're, Tim Cook, Justin Sullivan, Who's, They've, Apple, You've, OpenAI, Sam Altman, Thompson, Mark Gurman Organizations: Service, Apple, Business, Washington Post, Bloomberg, OpenAI Locations: ChatGPT.com
Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.
Persons: , Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, , Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich
Oil prices have gained about 4% this week, recovering from a sell-off last week on an OPEC+ plan to increase production in the fourth quarter. Oil market analysts generally viewed the sell-off as an overreaction. Lower interest rates typically boost economic growth and lift crude oil demand. The U.S. reported a surprise oil stockpile build of 3.7 million barrels, whereas analysts had expected inventories would fall. A growing number of analysts see the oil market tightening at least through the third quarter before loosening in 2025.
Persons: Tamas Varga, " Varga, Peter Low Organizations: Fed, Labor Department, U.S Locations: U.S, OPEC
Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.
Persons: , Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, , Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich
The firm upgraded the ingredients maker to buy from neutral but lowered its price target to $48 per share from $50. "Though these items might not help earnings until 2025, we believe visibility surrounding them could improve in coming months and send the share price higher," he added. Lovallo has a $198 price target for Lennar, reflecting 30.1% in upside. Analyst Raimo Lenschow upgraded the marketing automation stock to overweight from equal weight and upped his price target by $4 to $29. Singlehurst raised her price target to $58 from $54.20, but the new forecast implies nearly 2% downside from Tuesday's close.
Persons: Goldman Sachs, Thomas Palmer, — Brian Evans, Edward Jones, Logan Purk, — Jesse Pound, John Lovallo, Lovallo, — Alex Harring, Oppenheimer, Colin Rusch, Rusch, Alex Bradley, Alex Harring, Raimo Lenschow, Lenschow, Wells, Steven Cahall, Wedbush, Michael Pachter, Pachter, Keith Gill, Piper Sandler, Valvoline Piper Sandler, Peter Keith, Keith, VVV's algo, hasn't, Will Gaertner, Gaertner, Morgan Stanley, Mark Murphy, Keith Weiss, Brent Bracelin, Louise Singlehurst, Singlehurst, Fred Imbert Organizations: CNBC, Analysts, Citi, Diamond Green Diesel, AMD, Devices, Nvidia, UBS, Lennar, KB, Barclays, Wells Fargo, Paramount, GameStop, Products, LSEG, Google, AI, JPMorgan, Oracle Locations: California, Tuesday's, VVV, reaccelerate, ORCL
Under Elon Musk’s leadership, Tesla popularized electric vehicles and became the most valuable auto company in the world. Mr. Musk became a billionaire many times over while generating huge profits for investors. Even so, Tesla’s shareholders may decide this week that Mr. Musk has been paid too much. With it, he is probably the richest person in the world, worth well over $200 billion. She ruled that Mr. Musk had largely dictated the terms to a board of directors stacked with close friends, people he made rich and his brother.
Persons: Tesla, Musk, Jeff Bezos Organizations: Elon Musk’s, Amazon, Shareholders Locations: Delaware
Frank’s Bay Tavern in the neighborhood of South Baltimore — house cocktail: the grain alcohol Bay Slinger — has been hit hard by the collapse of the Francis Scott Key Bridge. Dockworkers who once stopped in for a beer after crossing the bridge are taking other routes home, said Karen Zapushek, who runs the bar with her husband, Frank. Customers are also staying away, she said, because many more trucks are barreling past the bar, making the street outside, with its narrow sidewalks, feel even more dangerous. “We already had a problem with traffic in our community — and it’s just been really increased with the Key Bridge being down,” Ms. Zapushek said, adding that sales had plunged 40 percent since the bridge fell. “It’s really bad.”
Persons: Francis Scott Key, Dockworkers, Karen Zapushek, Frank, ” Ms, Zapushek, “ It’s, Locations: South Baltimore
What men can do to maintain a healthy sex life
  + stars: | 2024-06-12 | by ( Dr. Jamin Brahmbhatt | ) edition.cnn.com   time to read: +8 min
If we don’t take care of our health today, we won’t enjoy a healthy sex life tomorrow. Studies have shown that men with emotional problems or stress are more likely to experience sexual dysfunction in the form of either premature ejaculation, erectile dysfunction and/or low sexual desire. Side effects of certain medicationsCertain medications, including those for hypertension and depression, can cause sexual dysfunction as a side effect. They may adjust your dosage or switch you to a different medication that has fewer effects on sexual health. Diabetic men, for instance, are three times more likely to experience erectile dysfunction compared with nondiabetic men.
Persons: Jamin, don’t, Peter Dazeley, you’re, isn’t, It’s, you’ve, You’ve, Organizations: Orlando Health, University of Central Florida’s College of Medicine, CNN, American Heart Association, Bank, Getty, Health
On Thursday, it expects to welcome Taylor Swift fans heading to Anfield for the first of the superstar’s three “Eras Tour” concerts in Liverpool. Banners outside St George's Hall in Liverpool saying "Liverpool loves Taylor," seen in May 2024. Taylor Swift performs at the Scottish Gas Murrayfield Stadium on June 7, 2024, in Edinburgh, UK. A fan poses at an art installation representing Taylor Swift's "Lover" album era, in Liverpool in June 2024. People walk past an art installation representing Taylor Swift's album "The Tortured Poets Department" in Liverpool in June 2024.
Persons: Sandon, Taylor Swift, Ceri Smith, It’s, , Swift, Smith, Liverpool, Taylor, Phil Noble, Harry Doyle, Gareth Cattermole, Natalia Lechmanova, , ” Taylor, deconstruct Taylor, Taylor Swift's, Peter Byrne, , Doyle, “ She’s, Frankie Goes, Kevin McManus, they’ve, ” McManus Organizations: London CNN, Anfield, Liverpool Football Club, CNN, Reuters, Amion Consulting, Liverpool City Council, Liverpool …, Liverpool ONE, Mastercard, Institute, Fans, Scottish Gas Murrayfield, , Wembley, Liverpool, University of Liverpool, Cavern, National Museums Liverpool, Beatles, UNESCO, Music, Department Locations: Anfield, Liverpool, Sandon, George's, United Kingdom, English, United States, Edinburgh, London, Taylor
Read previewApple is stepping up its efforts to get Hollywood to make content for the Vision Pro as it prepares to roll out the mixed-reality headset internationally to boost sales. Director Jon Favreau brought the dinosaurs on his Apple TV+ show "Prehistoric Planet" to life through a spinoff for Vision Pro. Apple is talking up Vision Pro to talent agencies, filmmakers, and producers to fill the pipeline. Apple TV+ produces some, but not all, of the immersive content that's available on Vision Pro. AdvertisementLike the rest of Apple TV+'s shows and movies, Apple doesn't want controversial content for the Vision Pro lest it undermine sales of its consumer electronics overall.
Persons: , creatives, James Cameron raved, Jon Favreau, stampeded, Alicia Keys, Chris Parnell, David Manpearl, there's, Parnell, Peter Kafka Organizations: Service, Hollywood, Vision, Business, Apple, Vision Pro, Disney, Netflix, YouTube
Malawian Vice President Saulos Chilima and nine other people died when the small military plane they were traveling in crashed in bad weather in a mountainous region in the north of the country, the president said Tuesday. He said Chilima was "a good man, a devoted father and husband, a patriotic citizen who served his country with distinction, and a formidable vice president." Former first lady Shanil Dzimbiri, the ex-wife of former President Bakili Muluzi, was also on the plane, the president had said. The president described the aircraft as a small, propeller-driven plane operated by the Malawian armed forces. Chilima was serving his second term as vice president.
Persons: Saulos Chilima, Chilima, Lazarus Chakwera, Chakwera, Shanil Dzimbiri, Bakili Muluzi, Peter Mutharika, Mutharika, Organizations: Malawian, U.S, Embassy, Department of Defense, Chilima's United Transformation Movement, World Bank Locations: Mzuzu, South Korea, Lilongwe, Air, Viphya, Africa, Malawi, U.S, Norway, Israel
There's a scary version of AI where AI takes your job and/or destroys the planet. Then there's the version that's much more chill: AI as a personal assistant who helps you with your tasks — remembers things for you, finds stuff for you, helps you create presentations for work. AdvertisementThe kinder, gentler version is the one Apple showed off yesterday, though we won't really know how it works till it goes live later this year. Right now, all we have to go on is Apple's pre-recorded demo video. This story is available exclusively to Business Insider subscribers.
Organizations: Business
Elon Musk, who has a ... complicated relationship with advertisers, is going to appear at a big ad conference. It's pretty standard for tech companies to court advertisers at the Cannes Lions event in France. AdvertisementLast fall Elon Musk told advertisers to go fuck themselves. Maybe he has a different message now: The man who bought Twitter, turned it into "X," and saw his advertising revenue plummet, is heading to the Cannes Lions ad summit in France next week. WPP, one of the world's biggest ad companies, said Musk will appear at an event with WPP CEO Mark Read on June 18.
Persons: Elon Musk, , Mark Read Organizations: Cannes Lions, Service, Twitter, WPP Locations: France
New York CNN —A class action lawsuit filed Tuesday alleges that RTX Corporation, the multinational aerospace and defense systems giant formerly known as Raytheon Technologies, has been discriminating against job seekers who are 40 years or older. The ads that refer to “Recent Graduate Positions” indicate that applicants should either have graduated from college or graduate school very recently or have no more than 12 or 24 months of related work experience. While the positions may be lower level, they are not necessarily low paying, with salary ranges that can run north of $100,000. We believe these claims are entirely without merit and we will actively defend our hiring practices,” company spokesman Chris Johnson told CNN. Between 2019 and 2023, Goldstein applied to at least seven of Raytheon’s recent graduate positions for which he met all the qualifications save those requiring the newness of his degrees or the short duration of work experience.
Persons: RTX, “ RTX, we’re, Chris Johnson, — Mark H, Goldstein, Peter Romer, Friedman, ‘ EEOC, Romer Organizations: New, New York CNN, RTX Corporation, Raytheon Technologies, AARP Foundation, Court, District of, Raytheon, Virginia Human, CNN, US Department of Homeland Security, Commission Locations: New York, District of Massachusetts, Massachusetts, Virginia
In today's big story, we're looking at all the takeaways from Apple's big event , including its friendlier spin on artificial intelligence . Related VideoBut first, it's not AI; it's Apple Intelligence. Apple Intelligence — it's AI, just not that AI — is the company's first big swing in the space. Data is the name of the game when it comes to AI, and Apple's iPhones are full of it. However, the Apple Intelligence news and partnership with OpenAI is what really set the billionaire off.
Persons: , we've, it's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook, Apple, Apple's, Insider's Jordan Hart, Katie Notopoulos, Pro Max, BI's Peter Kafka, Max —, wasn't, Elon Musk, Chelsea Jia Feng, Grzegorz Wajda, Elon, Bernstein, Toni Sacconaghi, Point72, Steve Cohen's, WallStreetBets, Tyler Le, OpenAI, Sarah Friar, Kevin Weil, who's, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Business, Tech, Apple Intelligence, Washington, Getty, Apple, Pro, Elon, OpenAI, Academy Investment, GameStop, Planet Labs, Oracle Locations: Apple's, Chelsea, Silicon, New York, London
Opinion | The Great Interest Rate Debate
  + stars: | 2024-06-11 | by ( Paul Krugman | Peter Coy | ) www.nytimes.com   time to read: +1 min
The Fed meets Tuesday and Wednesday to talk about interest rates, which many voters are really frustrated about. People are saying high rates make it hard to buy a home or car or deal with debts. We eventually need to get into the underlying economics — why are interest rates high, and will they stay there? But first, on how interest rates influence people’s views, we need to deal with an odd aspect of the situation. High interest rates are, indeed, a burden on some Americans, especially first-time home buyers.
Persons: Peter Coy, Paul, we’ve, They’re, they’re, Biden, Donald Trump, Trump, Paul Krugman, Peter Organizations: Fed, University of Michigan, Biden
Tucked away in the cartouche, an oval-shaped ornament often found in tombs, he found a name of a very recognizable figure: Ramesses II. “The cartouche dates back to its first usage, and contains Ramesses II’s throne name, Usermaatra. Psusennes I reused this sarcophagus that once belonged to Merneptah, the son and successor of Ramesses II. Both sarcophagi would have been inside an even larger stone sarcophagus, the source of the granite fragment Payraudeau discovered. “This also tells us when pharaohs began using more than one stone sarcophagus,” Payraudeau added.
Persons: Menkheperrê, Frédéric, Ramesses, Payraudeau, ” Payraudeau, Ramesses II, , he’s, Psusennes, Ramesses II’s, Ramesses I, Joann Fletcher, Ramesses ’, ” Fletcher, Jean Revez, , Merneptah, Seti I’s, Peter Brand, ” Brand, It’s, Organizations: CNN, Sorbonne University, National Museum of, frugality, UK’s University of York, University of Quebec, University of Memphis Locations: Paris, Egypt, Cairo, Luxor, Abydos, Merneptah, Montreal
That's the scenario Apple sketched out Monday, when it tried to explain how it was integrating AI into its ecosystem. But it's also a very real problem for Apple since Apple is in the business of selling expensive, high-margin hardware. AdvertisementBut I do have a third, vibes-based theory about why the AI that Apple showed off didn't blow me away. And during Apple's Monday demo, the company played on both sides of that line: It would tell you that Apple's AI could instantly make your writing better. In Apple's framing, that's AI that's helpful, but not creepy; immediately useful, but not too disruptive.
Persons: , Apple, it's, we've, Tim Cook, Craig Federighi Organizations: Service, Business, Apple, iPhones, AIs Locations: emojis
That information was later linked to hospital and mortality records on the development of cardiovascular risk factors. Ultraprocessed foods made from plants increased the risk of cardiovascular disease by 5% while increasing the risk of early death by 13%, the study found. “Plant-based meat alternatives make up only 0.5% of all the plant-based ultraprocessed foods included in this paper,” Scarborough said in a statement. Over half of the plant-based ultraprocessed foods studied in the paper were packaged breads, pastries, buns, cakes and cookies. Many ultraprocessed foods are plant-based, but that does not make them healthy, experts say.
Persons: Duane Mellor, ” Mellor, , Renata Levy, University of São Paulo, Fernanda Rauber, ” Rauber, Peter Scarborough, ” Scarborough, Tom Sanders Organizations: CNN, Aston Medical School, Nutrition, Health, University of São, Nupens, University of Oxford, , King’s College London Locations: Birmingham, United Kingdom, Brazil, Europe, England, Scotland, Wales
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnderson Capital's Peter Andersen: I am a 'rational' supporter of AIPeter Andersen, Andersen Capital Management CIO, joins 'Power Lunch' to discuss markets, the Fed, and when to find sell triggers in AI plays.
Persons: Anderson, Peter Andersen Organizations: Andersen Capital Management
President Biden on Sunday wrapped up a five-day visit to France by making a point to visit a cemetery for American soldiers killed in World War I. For Mr. Biden — running against Mr. Trump again — visiting the cemetery was meant to send a message to voters back home. “America showed up.”Mr. Biden was talking about the United States military during World War I. But he might as well have been talking about Mr. Trump’s refusal to show up six years ago. Asked directly what he was trying to say about his rival in this year’s presidential race, Mr. Biden paused for a moment.
Persons: Biden, Donald J, Trump, , , Mr, Trump’s Organizations: Mr, , United States Locations: France
The European Central Bank began easing interest rates on Thursday, cutting its benchmark rate by 0.25%. Investors and economists expect the Federal Reserve to follow suit and cut interest rates in September. This combination means there's a good chance that the September cut Wall Street is praying for may never materialize. The US already has somewhat higher interest rates than other countries — the Fed's benchmark rate is 5.25%- 5.50%. And in Asian economies, where interest rates are already significantly lower than in the US, things could get even messier.
Persons: Tamara, Vasiljev, Peter Schaffrik, Nigel Green, Green, we're Organizations: European Central Bank, Investors, Federal Reserve, Oxford Economics, JPMorgan, UBS, Bloomberg, of International Finance, Markets, RBC Capital Markets, deVere, Fed, We're, ECB, Bank of, EU, Bank of Canada, Bank of Canada's, Bank of England Locations: stagflation, China, Europe, Japan, South Korea, It's, America, United States, EU, Bank of England, Canada, East Asia
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In this week’s roundup of travel news, we bring you the world’s best restaurants for 2024, Disneyland’s epic expansion plans and the little museum in rural England that’s become a YouTube hit. World’s best restaurants1. This famed Barcelona eatery was one of five restaurants in Spain to make this year's World's 50 Best Restaurants list. Dubai has more “best” restaurants than any other destination in the Middle East, according to the 50 Best group.
Persons: England that’s, He’s, that’s, AirlineRatings.com, Disney World’s, Peter Pan, Francesc Guillamet Ferran, Asador, Bruno Verjus, Philippe Vaures Santamaria, Dabiz Muñoz, Diverxo, Diverxo Maido, Maido, Atomix, Evan Sung, Søren Gammelmark, Gaggan Anand, Don Julio, Pablo Domina World's Organizations: CNN, Canada House, American Airlines, Disney, Aberdeen Angus, Multicultural, CNN Travel, Finland Locations: England, New York, Paris, Normandy, Canada, Philippines, Bataan, Florida, Texas, Gulf, Asia, Pacific, Southern California, Japan, Tokyo, Disfrutar, Barcelona, Spain, Basque, Madrid, Spanish, Lima, Peru, New York City, Koreatown, Manhattan, Quintonil, Mexico, Copenhagen, Denmark, Bangkok, Thailand, Kolkata, Buenos Aires, Argentina, Hereford, Dubai, British, Soviet Union
A national cricket team that most Americans didn’t even know they had beat one of the sport’s global powers Pakistan, for whom the game is a national obsession. “There is this pivot from global north to global south,” said Chadwick. The first ever international fixture was between the United States and Canada in 1844 in New York. The World Cup is being carried in the US on Willow TV, a streaming service that is also available on cable systems for an extra fee. The global game, soccer, has several times hubristically tried to conquer the US and it’s taken years to reach its current level with strong pro leagues the MLS and the NWSL.
Persons: didn’t, , Monank Patel, Corey Anderson, “ It’s, , Peter Della Penna, Donald Trump, Narendra Modi, Simon Chadwick, “ You’ve, You’ve, It’s, Virat Kohli, Germain, LIV, Modi, Chadwick, Donald Bradman, Michael Jordan, Pakistan –, Saurabh, Milind Kumar, hubristically, it’s, Della Penna, you’re, ” Della Penna Organizations: CNN, team, Cricket, Pakistan, USA Cricket, New Zealand, Indian, , Indian Premier League, Major League Cricket, IPL, US, America, United Arab Emirates, Manchester City, Paris Saint, Formula One, Hindu, FIFA, Beijing, Bowlers, Down, England, Elite US, Willow, MLS, England’s Premier League, Manchester United, Arsenal, tailgates, Women’s National, TV, South Locations: Pakistan, United States, Caribbean, Texas, American, America, Long, , New York, India, Australia, Nassau County, Ahmedabad, Gulf, United Kingdom, Europe, East, South Asia, British, Sri Lanka, South Africa, Zealand, England, North Carolina, Manchester, Qatar, Paris, Germain . Middle, Saudi Arabia, Los Angeles, There’s, Canada, New York, Sri Lankan, California, New Delhi, China, Belgium, Commonwealth
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