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CNN —Bill Walton, the basketball Hall of Fame center who won two national titles at UCLA, two NBA championships in Portland and Boston and later put the “color” in color commentator, died Monday following a prolonged battle with cancer, the National Basketball Association announced. “Bill Walton was truly one of a kind,” NBA Commissioner Adam Silver said in a statement. He was named the NBA Finals Most Valuable Player in that playoffs, and the next season he was named the NBA’s regular season MVP. Boston Celtics Bill Walton battles Los Angeles Lakers Kareem Abdul-Jabbar during the 1985 NBA Finals. I am the luckiest guy on earth.”NBC basketball announcers Bill Walton and Marv Albert pose before the start of Game 4 of the NBA Finals in East Rutherford, New Jersey, on June 12, 2002.
Persons: Bill Walton, Walton, “ Bill Walton, Adam Silver, “ Bill, John Wooden, Wooden, Robert Parish, Kevin McHale, Boston Celtics Bill Walton, Los Angeles Lakers Kareem Abdul, Jabbar, Bob Riha, It’s, , I’ve, I’d, Marv Albert, Mike Blake, Jay Blakesberg, Bill Walton’s, ” Mick Cronin, it’s Organizations: CNN, of Fame, UCLA, NBA, National Basketball Association, Fame, Bruins, Portland Trail Blazers, San Diego, Los Angeles Clippers, Boston Celtics, Houston Rockets, Los Angeles Lakers, Naismith, Basketball Hall of Fame, NCAA, ESPN, NBC Locations: Portland, Boston, Vietnam, East Rutherford , New Jersey, Santa Clara , California
Had Al Gore won the presidency in 2000, a lot of people thought, he would have put Judge David S. Tatel on the Supreme Court. The judge had a towering intellect, was a model judicial craftsman and, only incidentally, had been blind since his 30s. But George W. Bush prevailed, with an assist from a closely divided Supreme Court. Judge Tatel served for 23 more years on the U.S. Court of Appeals of the District of Columbia Circuit. He relied on people who would read to him, increasingly sophisticated technology and an astounding memory to produce a widely admired body of judicial work that included major opinions on voting rights, the environment and the internet.
Persons: Al Gore, David S, Tatel, George W, Bush, John G, Roberts Jr, Samuel A, Alito Jr, Judge Tatel Organizations: U.S ., District of Columbia Circuit
There was the satisfaction and appreciation of a team coming together to win the 1977 NBA title. The next day, before a Trail Blazers home game, Walton explained his emotions to a group of reporters. I regret the circumstances in which I left the Portland Trail Blazers’ family. “The Portland Trail Blazers deplore Bill Walton’s statement calling for the rejection of the United States Government. “And you are never the same again.”Related reading(Top photo of Bill Walton: NBA Photos / Getty Images)
Persons: Bill Walton, Walton, Adam Silver, Bill, Bill’s, Lori, Adam, Nate, Luke, Chris, , ” Walton, , Ted Kulongoski, it’s, Jack Ramsay, Hank Delespinasse, Robert Parrish, Ricky Pierce, Eddie Johnson, Larry Bird, Kevin McHale, Steve James, Bird, Walton . Bird, James, ” James, Dave Twardzik, Tom Shanahan, don’t, Jack, Micki Scott, Patty Hearst, Walton’s, Herman Sarkowsky, Larry Weinberg, Harry Glickman, Bill Walton’s, Arthur Ashe, Kareem Abdul, Jabbar, Bill Russell, Muhammad Ali …, White, Hal Bock, , Marty Glickman, , Bill Walton's, Sir Isaac Newton’s, Fabricio Roberto, you’ve, Taylor, ” “ John Stockton Organizations: Fame, NBA, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Hall of Fame, Blazers, The Athletic, Trail Blazers, Celtics, NCAA, Memphis State, Florida State, Getty, Philadelphia, Portland, LA Clippers, Sixth, Walton, Athletic, Associated Press, Wilshire, FBI, Scotts, Symbionese Liberation Army, United, United States Government, National Basketball Association, “ Sports, The Associated Press, New York Knicks, Prime Ticket Network, NBC, ABC, CBS, FOX, ESPN, Turner Sports Locations: La Mesa, Calif, Portland, Oregon, , Blazermania, Los Angeles, Vietnam, United States, San Francisco, Walton, Utah, America
Two-time NBA champion Bill Walton dead at 71
  + stars: | 2024-05-27 | by ( Corky Siemaszko | )   time to read: +1 min
LOS ANGELES, CALIFORNIA - APRIL 20: Bill Walton attends a basketball game between the Los Angeles Clippers and the Phoenix Suns at Arena on April 20, 2023 in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images)Two-time NBA champion Bill Walton died after a "prolonged battle with cancer," the league announced Monday. Walton, who was 71, was with his family when he passed, NBA spokesperson Mark Broussard said in a statement. "Bill Walton was truly one of a kind," NBA Commissioner Adam Silver said in a statement. Walton is survived by his wife, Lori, and his sons Adam, Luke, Nate and Chris, according to the NBA.
Persons: Bill Walton, Allen Berezovsky, Walton, Mark Broussard, Adam Silver, Silver, Lori, Adam, Luke, Nate, Chris Organizations: Los Angeles Clippers, Phoenix Suns, Arena, NBA, Fame, Portland Trail Blazers, Boston Celtics Locations: ANGELES , CALIFORNIA, Los Angeles , California
The Hamas Chief and the Israeli Who Saved His Life
  + stars: | 2024-05-26 | by ( Jo Becker | Adam Sella | )   time to read: +1 min
This is how Dr. Yuval Bitton remembers the morning of Oct. 7. The frantic voice of his daughter, who was traveling abroad, asking, “Dad, what’s happened in Israel? Even in that first moment, Dr. Bitton says, he knew with certainty who had masterminded the attack: Yahya Sinwar, the leader of Hamas in Gaza and Inmate No. 7333335 in the Israeli prison system from 1989 until his release in a prisoner swap in 2011. Dr. Bitton had a history with Yahya Sinwar.
Persons: Yuval Bitton, “ Dad, what’s, Bitton, Yahya Sinwar, Sinwar, , Organizations: Locations: Israel, Gaza
The 10 books the rich will be reading this summer
  + stars: | 2024-05-26 | by ( Robert Frank | )   time to read: +11 min
That's why J.P. Morgan Private Bank, every May, releases its summer reading list, often serving as a book club for billionaires. This year marks the 25th anniversary of the list, now called the J.P. Morgan Summer Reading List. The 10 books are carefully curated to match the tastes and preoccupations of J.P. Morgan's wealthy clients. It also helps with client events, since authors on the list often agree to do special dinners or speaking events for J.P. Morgan clients. Authors love being on the list as well since J.P. Morgan buys thousands of books to hand out and since clients often refer the books to others.
Persons: Robert Frank, Today's, Alicia Keys, Swizz Beatz, J.P, Morgan, Darin Oduyoye, Oduyoye, Gary White, Matt Damon, Charles Duhigg, Jonathan Haidt, Haidt, Kasseem Dean, , Gordon Parks, Michel Basquiat, Lorna Simpson, Odili Donald Odita, Kennedy Yanko, Kimberli Gant, Salman Khan Salman Khan, Jack Daniel, Fawn Weaver, Daniel's, Daniels, Weaver, Joshua Robinson, Jonathan Clegg, Robinson, Clegg, Melinda Stevens, Issy von Simson, Tabitha Joyce, Fortunato, Adam Pearson, Fortunato Chocolate, Laura Mae Martin, Laura Mae Martin —, Martin, Jake Gyllenhaal, Greta Caruso, Tony, Damon Organizations: Morgan Private Bank, Morgan, Reading, Wealth Management, J.P, Giants, Art, Phaidon, Brooklyn Museum, Education, Khan Academy, Wall, Mercedes, Nacional, Google, Solutions, JPMorgan, Manhattan Company Locations: Water, Lynchburg , Tennessee, America, United States, Croatian
CNN —Southampton won what has been dubbed the “most valuable single match in world football” to secure its promotion to the Premier League on Sunday. Southampton joins both Leicester City and Ipswich Town in securing promotion to the Premier League this season. I think we really showed that today.”Southampton's Samuel Edozie and Ryan Fraser celebrates after winning the Championship play-off final. Dylan Martinez/ReutersA lot on the lineWith a place in the Premier League on the line – and the financial reward that comes with it – the Championship play-off final comes with high stakes and high pressure. Adam Armstrong celebrates after scoring the opening goal of the 2024 Championship play-off final against Leeds.
Persons: CNN —, Adam Armstrong, Jack Stephens, I’ve, ” “, ” Stephens, ” Southampton's Samuel Edozie, Ryan Fraser, Dylan Martinez, Will Smallbone, Armstrong, Illan Meslier, James Gill, Dan James Organizations: CNN, CNN — Southampton, Premier League, Southampton, Leeds United, Wembley, Deloitte’s Sports Business Group, Leicester City, Ipswich Town, Sky Sports, Reuters, Leeds, Wales Locations: London
Starlink satellite internet service, which soldiers use to communicate, collect intelligence and conduct drone attacks, had slowed to a crawl. Operated by Elon Musk’s SpaceX, Starlink has been critical to the Ukrainian military since the earliest days of the war with Russia. Without the full service, Ukrainian soldiers said, they couldn’t quickly communicate and share information about the surprise onslaught and resorted to sending text messages. Their experiences were repeated across the new northern front line, according to Ukrainian soldiers, officials and electronics warfare experts. As Russian troops made gains this month near Kharkiv, Ukraine’s second-largest city, they deployed stronger electronic weapons and more sophisticated tools to degrade Starlink service, Ukrainian officials said.
Persons: Elon Musk’s, Starlink Organizations: 92nd Assault Brigade, Elon, Elon Musk’s SpaceX, Mr, SpaceX Locations: Ukrainian, Russia, Kharkiv, Ukraine’s, Ukraine, United States
As inflation lingers at a generational high, some stocks stand out for their ability to help investors hedge against the effect of high interest rates better than others. "What ensued was a massive negative correlation between the perception about interest rates and the valuation of growth companies from late in 2021." While a basket of high-quality growth stocks used to be negatively correlated to inflation, meaning their stock prices suffered as inflation turned higher, Trivariate says the relationship has since changed. "Today, the correlation of the high-quality growth basket to our inflation basket is zero," the firm said. In the same report, Trivariate Research shared its basket of high-quality names in the technology sector that have a near-zero correlation to its inflation basket.
Persons: Adam Parker, Morgan Stanley, Trivariate, Morgan Stanley —, Meta Marshall, Raymond James, there's, Simon Leopold, Michael Bloom Organizations: Research, Trivariate, Keysight Technologies, Technologies, JPMorgan, VMware, Broadcom Locations: United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Larry Adam, Kim Forrest, and Mark ZandiLarry Adam, Raymond James chief investment officer, Kim Forrest, Bokeh Capital Partners chief investment officer, and Mark Zandi, Moody’s Analytics chief economist, join 'The Exchange' to discuss the state of the economy, opportunities in the markets, and more.
Persons: Larry Adam, Kim Forrest, Mark Zandi Larry Adam, Raymond James, Mark Zandi Organizations: Bokeh Capital Partners
“It is time to break it up.”It is difficult to overstate just how thoroughly Live Nation, which acquired Ticketmaster more than a decade ago, controls live entertainment in America. Through Ticketmaster, Live Nation controls 80% of venues’ primary ticketing for concerts. There’s a fine line between vertical integration and all-out monopoly, and Live Nation is, at minimum, very clearly toeing it. Artists, fans and venues have been complaining about Live Nation and Ticketmaster pretty much since they agreed to merge in 2009. Live Nation, Wolfson said, is likely to come out swinging.
Persons: CNN Business ’, Caitlin Clark, wasn’t, General Merrick Garland, Swift, Taylor, Sen, Richard Blumenthal, Garland, Swiftie, ” Adam Wolfson, Quinn Emanuel, Eventbrite, Wolfson, … we’re, there’s Organizations: CNN Business, New York CNN, Justice Department, Ticketmaster, DOJ, Artists, Senate, Democrats Locations: New York, United States, America, North America,
Since the constitutional right to abortion was taken away in Dobbs v. Jackson Women's Health Organization in 2022, Democratic spending on abortion-related ads has jumped. Line chart showing the percentage of television ad spending devoted to abortion from 2018 to 2024. Democratic spending jumped up to around one-third in 2022 after the Dobbs ruling and has stayed high. In the first four months of this year alone, 48 percent of Democratic ad spending on broadcast networks in Pennsylvania centered on abortion. Democrats are seizing the moment, devoting two-thirds of their ad spending to abortion there.
Persons: Roe, Wade, Dobbs, Emily Holzknecht, Adam Westbrook, Trump, overperformed, , N.M, Andy Beshear’s, Daniel Cameron’s, Mr, Biden Organizations: Democratic, Republican, Republicans, Jackson, Health Organization, Democrats, Republicans Pennsylvania, Arizona, Michigan, Georgia, Wisconsin, Supreme Court, Data, Pew Research, Ore ., Nev . Ohio Ill, Conn . Iowa Pa, Ind, Del . Utah Colo, Religion Research Locations: Dobbs v, Pennsylvania, Michigan, Arizona, Georgia, . Arizona, . Maine, Mont, Minn . Vt, Ore, Ore . Idaho, Wis, N.Y, S.D . Mich, R.I, Wyo, Conn . Iowa Pa . N.J, Nev . Ohio, Del . Ind . Utah Md, Colo, W.Va . Va . Calif, Kan, Mo, Ky, N.C, Tenn, Okla, ., N.M . Miss ., Ala . Texas, Fla . Alaska Hawaii, Conn . Iowa, Neb . N.J, Del . Utah, W.Va . Md . Va . Calif, United States, Nevada , Arizona , Montana , Colorado, South Dakota , Nebraska , Missouri , Arkansas, Florida , New York, Maryland, Nevada , Arizona , Wisconsin , Michigan, Kentucky, Gaza, Ukraine
Raymond James CIO: Tech is a 'shining star' this earnings season
  + stars: | 2024-05-24 | by ( )   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaymond James CIO: Tech is a 'shining star' this earnings seasonLarry Adam, Raymond James chief investment officer, Kim Forrest, Bokeh Capital Partners chief investment officer, and Mark Zandi, Moody’s Analytics chief economist, join 'The Exchange' to discuss the impact of Fed uncertainty on the markets, investing in the AI boom, and more.
Persons: Raymond James, Larry Adam, Kim Forrest, Mark Zandi Organizations: Raymond James CIO, Tech, Bokeh Capital Partners
"I have friends that say that TikTok Shop has ruined the app," Casey Lewis, a trends researcher, said. "It can be good — especially as TikTok moves to TikTok Shop — if they're able to capitalize on this shift and sell products more effectively to older users." Just because something is going viral on TikTok doesn't necessarily mean Gen Z is behind it. The same could be said of Gen Z, which would explain the generations' shared fascination with a time before smartphones and round-the-clock news. The Gen Z users I spoke with didn't seem particularly concerned about an influx of olds.
Persons: Keara Sullivan, Zers, Rushmore, Sullivan, Ryan Broderick, Adam Bumas, Broderick, TikTok, , Cory Doctorow, it's, Kevin Munger, Doctorow, Casey Lewis, Lewis hasn't, Gen Zers, Jonathan Gelfond, Taylor Lorenz, Lorenz, Munger, Gen Z, Lewis, Stanley, Alpha, Zers —, Gen Alpha, hasn't, millennials, Jason Parham, Leslie Horn Petersen, she's, Gen, didn't, I've, Emilie Friedlander Organizations: New, Pew Research Center, Facebook, Senate, Microsoft, Penn State, Little League, Business, QVC, UC Santa Barbara, The Washington Post, YouTube Locations: New York, tfym, millennials, Brooklyn, Philadelphia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate's Adam Parker, Virtus’ Joe Terranova and Citi’s Kristen BitterlyTrivariate's Adam Parker, Virtus' Joe Terranova, and Citi's Kristen Bitterly join 'Closing Bell' to discuss markets, Nvidia earnings, and more.
Persons: Trivariate's Adam Parker, Virtus, Virtus ’ Joe Terranova, Citi’s Kristen, Adam Parker, Joe Terranova, Citi's Kristen Organizations: Virtus ’, Nvidia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOff the Charts: Technical case for Nvidia's breakout just beginningAdam Turnquist, LPL Financial, joins 'Fast Money' to take a technical look at what could be next for Nvidia.
Persons: Adam Turnquist Organizations: LPL, Nvidia
The Defense Department predicted that a steady stream of humanitarian aid would be arriving in Gaza via the pier by now, but little relief has reached Palestinians in the besieged strip, officials acknowledged this week. Several trucks were looted as they made their way to a warehouse, the U.N. World Food Program said, and the complexity of operating the pier project in a war zone is continuing to slow distribution. Looting of aid trucks has continued, officials said, and forced the World Food Program to suspend operations for two days. The U.N. agency for Palestinian refugees, UNRWA, suspended food distribution in Rafah on Tuesday, citing lack of security. For one thing, White House policy does not allow U.S. troops to be on the ground in Gaza.
Organizations: ., The Defense Department, Food Program, Food, UNRWA, Pentagon Locations: Gaza, Rafah, Kerem Shalom, U.S
The Supreme Court cleared the way on Thursday for South Carolina to keep using a congressional map that a lower court had deemed an unconstitutional racial gerrymander that resulted in the “bleaching of African American voters” from a district. A unanimous three-judge panel of the Federal District Court in Columbia, S.C., ruled in early 2023 that the state’s First Congressional District, drawn after the 2020 census, violated the Constitution by making race the predominant factor. The panel put its decision on hold while Republican lawmakers appealed to the Supreme Court, and the parties asked the justices to render a decision by Jan. 1. After that deadline passed, the panel said in March that the 2024 election would have to take place under the map it had rejected as unconstitutional. “With the primary election procedures rapidly approaching, the appeal before the Supreme Court still pending and no remedial plan in place,” the panel wrote, “the ideal must bend to the practical.”
Persons: Jan Organizations: American, Federal, Court, Congressional Locations: South Carolina, Columbia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia earnings closed out earnings season, says Virtus' Joe TerranovaTrivariate's Adam Parker, Virtus' Joe Terranova, and Citi's Kristen Bitterly join 'Closing Bell' to discuss markets, Nvidia earnings, and more.
Persons: Virtus, Joe Terranova Trivariate's Adam Parker, Joe Terranova, Citi's Kristen Organizations: Nvidia
If we apply a multiple of 21.6 on DuPont's business, it puts the enterprise value at $25 billion. So being conservative and using a 20 times multiple, DuPont's water business could have an enterprise value of $7.2 billion. Add these three up and the total enterprise value is about $52 billion. To get the equity value, we subtract the net debt (which is total debt minus cash) from the total enterprise value. If we subtract this from the $52 billion enterprise value, the total equity value could be worth $46.2 billion.
Persons: Ed Breen, DuPont's, Breen, , Jim Cramer's, Jim Cramer, Jim, Dow DuPont, Adam Jeffery Organizations: DuPont, Electric, United Technologies, CNBC, Dow
CNN —The situation at Warner Bros. Discovery’s TNT network “sucks, plain and simple,” Charles Barkley bluntly said Thursday. Barkley, who said he feels “so bad for the people” he works with, laid blame at the feet of the “clowns” atop WBD. Wall Street has responded quite negatively to the possibility WBD, which has built a programming slate around the NBA, could lose the rights to air the games. And TNT has built a programming slate around the NBA games, most notably the highly rated “Inside the NBA” show. Losing the rights to NBA games could throw aspects of that business partnership into question.
Persons: ” Charles Barkley, NBA ”, Dan Patrick, , Barkley, ” Barkley, David Zaslav’s, Adam Silver, Turner, Bloomberg’s Lucas Shaw, WBD, , Shaw, ” Shaw, Joe Flint, Amol Sharma, Isabella Simonetti, Zaslav, Venu, That’s, Gunnar Wiedenfels, Wiedenfels, ” Wiedenfels, there’s, you’ve Organizations: CNN, Warner Bros, TNT, NBA, Turner, Comcast, WSJ, WBD, NCAA, MLB, NHL, NASCAR, College Football, ESPN —, Disney, Fox Corp, Morgan’s Technology, Media & Communications Locations: WBD
"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.
Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic
TikTok plans global layoffs in operations and marketing
  + stars: | 2024-05-22 | by ( Brian Fung | )   time to read: +1 min
CNN —TikTok is planning to lay off large swaths of its operations and marketing workforce, current employees briefed on the plans told CNN. The global layoffs are expected to hit teams that handle user support and communications, as well as content and marketing. TikTok’s current global user operations team will be dismantled as part of the move, and remaining employees will be distributed among the company’s trust and safety, marketing, content and product teams. The layoffs had been in the works for some time, perhaps almost a year, but recent turnover in TikTok’s marketing, trust and safety and operations teams prompted delays, one of the employees told CNN. It is unclear how many TikTok employees could lose their jobs.
Persons: Adam Presser, Zenia Mucha, TikTok Organizations: CNN, The, Brand, Communications Locations: United States
John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBCArtificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. "AI will power the stock market for the next decade," Chambers told CNBC's Karen Tso on the sidelines of the VivaTech conference in Paris. watch nowChambers said 38% of venture capital in the U.S. in the first quarter went into AI stocks. Chambers compared Nvidia's place in the AI market to Cisco's position in the internet market.
Persons: John Chambers, Adam Jeffery, Chambers, CNBC's Karen Tso, Maurice Lévy, Lévy Organizations: Cisco, CNBC, JC2 Ventures, Nvidia Locations: New York, Paris, U.S, Europe
Spain, Norway and Ireland said on Wednesday that they would recognize an independent Palestinian state, a rebuke to Israel over its war in Gaza and its decades of occupation of Palestinian territories. More than 140 countries and the Holy See have recognized a Palestinian state, but most Western European countries and the United States have not. Israel strongly opposes international attempts to recognize a Palestinian state and maintains that Israel needs to negotiate directly with Palestinian leaders on a permanent solution. Mr. Netanyahu has said that establishing a Palestinian state would be an “existential danger” to Israel. Countries that are moving toward recognizing Palestinian statehood argue that doing so would preserve the possibility of a two-state solution for Israelis and Palestinians.
Persons: ” Jonas Gahr, Spain’s, Pedro Sánchez, Benjamin Netanyahu, , Mr, Sanchez, Simon Harris of, Netanyahu, Israel, , Israel Katz, ” Ziad Abu Amr, Aaron Boxerman, Henrik Pryser Libell, Adam Rasgon, Victoria Kim Organizations: Palestinian, West Bank Locations: Spain, Norway, Ireland, Israel, Gaza, Oslo, Palestine, Palestinian, United States
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