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“Portrait of Fräulein Lieser,” an enigmatic, long-lost 1917 painting by Gustav Klimt, sold Wednesday for 35 million euros with fees, or about $37 million, at the auction house im Kinsky in Vienna. The unsigned and unfinished work was estimated to sell for between $32 million and $53 million, before the addition of fees. The winning bid was tendered in the room by Patti Wong, the founder of the Hong Kong-based art advisory company, Patti Wong Associates. The result was remarkable, given that there are questions surrounding this Klimt portrait. The auction house said in its sale catalog that it had “not been able to clarify the precise provenance of the painting” since 1925, and the identity of the seller has not been revealed.
Persons: Fräulein, Gustav Klimt, Patti Wong, Wong Organizations: Patti Wong Associates Locations: Vienna, Hong Kong, Austria
Specifically, the servers contained some of Nvidia's most advanced chips, according to the previously unreported tenders fulfilled between Nov. 20 and Feb. 28. While the U.S. bars Nvidia and its partners from selling advanced chips to China, including via third parties, the sale and purchase of the chips are not illegal in China. Contacted by Reuters, Nvidia said the tenders specify products that were exported and widely available before the restrictions. Daniel Gerkin, a Washington-based partner at law firm Kirkland & Ellis, said Nvidia chips could have been diverted to China without a manufacturer's knowledge, given a lack of visibility into downstream supply chains. It did not respond to subsequent questions about tenders that identified its products as a source of banned Nvidia chips.
Persons: Wong Yu Liang, Daniel Gerkin, Kirkland, Ellis, Clare Locke, Gigabyte Organizations: Nvidia, Getty, Super Micro Computer Inc, Dell Technologies Inc, Gigabyte Technology, Reuters, Chinese Academy of Sciences, Shandong Artificial Intelligence, Hubei Earthquake Administration, U.S, U.S . Commerce Department, Industry, Security, Super Micro, Dell Locations: China, U.S, Shandong, Hubei, Southwest, Heilongjiang, Washington
Jennifer Pan is the subject of a new Netflix documentary, "What Jennifer Did." Prior to planning her parents' murder with Wong and Crawford, Pan had previously asked a former classmate to kill her parents for her, but that classmate refused, Toronto Life reported. Toronto Life reported that Crawford gave Pan a discounted rate — $10,000 vs. a standard $20,000 — to kill her parents since she was a friend of Wong's. Through analyzing phone calls and text messages, police identified Crawford, Wong, Mylvaganam, and Carty, and arrested them in early 2011. If they don't, then Crawford, Pan, Wong, and Mylvaganam can seek parole on the attempted murder charge.
Persons: Jennifer Pan, Jennifer Did, Lenford Crawford, Here's, , Ha, Huei Hann Pan, Daniel Wong, Wong's, Crawford, Pan, Wong, David Mylvaganam, Eric Carty, Mylvaganam, Bich, Hann, Pan —, banister —, Carty, Carty's, doesn't Organizations: Netflix, Service, Authorities, Pan, Toronto Life, Toronto, CBC, Ontario, Markham Economist, Sun, Canada Locations: Crawford, Wong, Toronto
Drn/Getty Images Suu Kyi, front center, is seen with her parents and her two elder brothers in 1947. Kyodo News Stills/Getty Images Suu Kyi poses with Burmese comedian Par Par Lay, who was part of the pro-democracy act "The Moustache Brothers." Soe Than Win/AFP/Getty Images Suu Kyi meets US Secretary of State Hillary Clinton at Suu Kyi's residence in Yangon in 2011. Peter Muhly/AFP/Getty Images Suu Kyi is presented with the Congressional Gold Medal while visiting the US Capitol in 2012. U Aung/Xinhua News Agency/Getty Images Suu Kyi addresses the United Nations General Assembly in New York in 2016.
Persons: Aung, Suu, , Kim Aris, Suu Kyi, she’s, ” Aris, CNN’s Anna Coren, , Michael Aris, ” “, Zaw Min Tun, Min Aung Hlaing, Aris, they’ve, Ma Khin Kyi, Par, Karl Malakunas, David Brunnstrom, Jonathan Karp, Price, Luis D'Orey, David Van Der Veen, Jonathan Utz, Michael Wolf, Pornchai Kittiwongsakul, Soe, Hillary Clinton, Paula Bronstein, Minzayar Oo, Kyi, Bono, Peter Muhly, Alex Wong, Barack Obama, Obama, Brendan Smialowski, Chris Ison, Ragnar Singsaas, Romeo Gacad, Lauren DeCicca, Lam Yik Fei, Htin Kyaw, Aung Naing, Min Aung, Aung Htet, Kyaw, Jewel SamadD, John Kerry, Jonathan Ernst, Reuters Suu Kyi, Heath Mitchell, Pope Francis, Elizabeth II, John Stillwell, Mike Pence, Bernat, Myanmar's, Koen Van Weel, ’ Aris, I’d, Suu Kyi’s NLD Organizations: CNN, Aung, National League for Democracy, Aris, Reuters, Burma Independence Army, Kyodo, Stills, Oxford University, Getty, Embassy, Suu Kyi, Panos, Congressional, Capitol, Suu, Xinhua News Agency, United Nations General Assembly, National Park Service, Palace, ASEAN, Court of Justice, Association for Political, United Nations Locations: Myanmar, Britain, Rangoon, Yangon, Myanmar’s, Zaw, heatstroke, Naypyidaw, India, Par Par Lay, England, AFP, Bangkok, Thailand, Bagan, Pathein, Camberley, Oslo, Norway, Kawhmu, New York, Washington ,, Washington, DC, Singapore, Gambia, , Burma, doesn’t
Gold retreats as Middle East tensions ebb
  + stars: | 2024-04-22 | by ( ) www.cnbc.com   time to read: +2 min
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Gold prices dipped on Monday, as easing fears of a wider Middle East conflict lowered bullion's safe-haven appeal, while market participants awaited a key U.S. inflation reading due later this week for interest rate cues. Spot gold fell 0.9% to $2,369.97 per ounce, as of 0451 GMT. Asian stocks recovered some losses and bond yields rose as fears of a wider Middle East conflict ebbed, with investors gravitating back towards riskier assets. Among other precious metals, spot silver fell 2.3% to $27.99 per ounce, spot platinum rose 0.3% to $934.03, and palladium fell 0.3% to $1,023.17.
Persons: Kelvin Wong, Wong, Austan Goolsbee Organizations: Aurum, Asia Pacific, Treasury, Chicago Federal Locations: Munich, U.S, Tehran, Iran, OANDA, Israel, Hamas
AdvertisementHuei Hann Pan and Bich Ha Pan in a photo displayed in "What Jennifer Did." While Pan lied about attending university, forging transcripts and pretending to attend classes in Toronto, Felix studied engineering at McMaster University. The evening of the November 2010 incident, he wasn't at home, Toronto Life reported. AdvertisementFelix testified during his sister's trialThe Toronto Sun reported that Felix was a witness during Pan's trial. Toronto Life reported in 2015 that Felix had moved to the east coast of Canada.
Persons: , Bich Ha, Huei Hann Pan, Jennifer Pan, Pan, Daniel Wong, wasn't, Felix, Here's, Huei Hann, Jennifer Did, Netflix Felix Pan wasn't, Bich, Hann, banister, — Wong, affirmatively, It's Organizations: Service, Netflix, Business, Ontario Appeal, Pan, Toronto Sun, McMaster University, Toronto Locations: Markham , Ontario, Ontario, Canada, Toronto, Markham
Veteran treatment courts, which prioritize rehabilitation for convicted veterans, provide comprehensive care, but the public version of these courts fail to deliver comparable support. Landing in a treatment courtAs of 2022, there were over 4,153 adult drug courts and 511 veteran treatment courts in the United States. There are numerous ways a person who has been convicted can enter a drug treatment court. Many adult drug treatment courts are unable to admit violent offenders due to the BJA prohibition. He describes his veteran treatment court experience as going through an "intense supervised probation" that gradually lessened.
Persons: , Christopher Deutsch, Deutsch, there's, Christina Lanier, John Pendygraft, Pool Lanier, they're, Lanier, Ed Kubo, Michael Peacock, Kristen Wong Deutsch, Hondo Underwood, Underwood, BI's Ju Shardlow, Jack Milton Organizations: Service, Business, Court, Center, Criminal, AP, UNC Wilmington, Army, Treatment, Supreme Court, Marine Corps, Justice, Harbor, Veterans Affairs, Portland Press, Getty Locations: Clearwater , Florida, Raleigh, North Carolina's, Wilmington, United States, Hawaii, Colorado
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAvoid the ex-growth stocks, invest in these that represent the 'future of China' instead: CIOWong Kok Hoi of APS Asset Management shares which sectors of the Chinese market he is avoiding and discusses two stocks he believes are "promising stars".
Persons: Wong Kok Organizations: APS, Management Locations: China
Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023. Beleaguered artificial intelligence startup Stability is laying off employees after the exit of its controversial former CEO Emad Mostaque. The company's newly appointed co-CEOs Shan Shan Wong and Christian Laforte told employees in an email Wednesday night that the firm needed to "restructure parts of the business, which will sadly mean saying goodbye to some colleagues." "Those who are affected by this have been notified individually and we will be supporting them throughout this period," Wong and Laforte, who were previously chief operating officer and chief technology officer at the company, respectively, said in the internal memo. Stability AI's layoffs amount to about 10% of its global headcount, according to publicly available data online which shows the firm employs around 200 people in total.
Persons: Emad Mostaque, Emad, Shan Shan Wong, Christian Laforte, Wong, Laforte Organizations: Bloomberg Technology Summit, CNBC Locations: San Francisco , California
An employee holds one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion's safe-haven appeal, overshadowing pressures from higher-for-longer U.S. interest rates. Spot gold was up 0.6% at $2,374.97 per ounce, as of 0429 GMT, after hitting an all-time high of $2,431.29 last Friday. Although, "U.S. interest rates remaining higher for a longer may be adding some pressure to the ongoing boost for gold ... Higher interest rates reduce the appeal of holding non-yielding bullion.
Persons: Kelvin Wong, Benjamin Netanyahu, Wong, Jerome Powell, Mario Centeno Organizations: Co, Asia Pacific Locations: Bangkok, Thailand, OANDA, Israel, Iran
Tim Cook, chief executive officer of Apple Inc., center, arrives at Apple Developer Academy at Binus University in Tangerang, Banten, Indonesia, on Wednesday, April 17, 2024. Apple's Tim Cook is in Singapore for the latest leg of his whirlwind tour around Southeast Asia as the CEO pivots toward the region for expansion and sales growth amid struggles in China. Cook's arrival in the city follows Apple's announcement of plans to invest over $250 million into its operations in Singapore. While the tech giant already employs 3,600 people in the country, Apple said the expansion will provide space for new roles, including in artificial intelligence. Apple did not immediately respond to a CNBC request for comment about Cook's itinerary.
Persons: Tim Cook, Apple's Tim Cook, Cook, Cook's, Lawrence Wong, Lee Hsien Loong, Lee, Wong, Apple, Joko Widodo Organizations: Apple Inc, Apple Developer Academy, Binus University, Bloomberg, Apple, CNBC Locations: Tangerang, Banten, Indonesia, Singapore, Southeast Asia, China, state's, Cupertino , California, Vietnam
CNN —Walking into the Lion Cafe, in Tokyo’s Shibuya district, the first thing one notices is the seating. “Meikyoku kissa is a place that plays classical music, where customers can listen to music, have a drink and relax,” says Naoya Yamadera, the current manager of the Lion Cafe. The cafe has more than 10,000 classical music CDs and records. Many people are not familiar with classical music, so I’d like them to get used to it in places like here,” says Yamadara. For more on the Lion Cafe, watch the video at the top of this story.
Persons: , Naoya Yamadera, Yanosuke, John S Lander, Yamadera, they’ve, Organizations: CNN, Lion Locations: Tokyo’s Shibuya, Tokyo, America, Europe, Japan
Netflix's "What Jennifer Did" focuses on the 2010 murder of Bich Ha Pan and attempted murder of Hann Pan. AdvertisementA new Netflix documentary, "What Jennifer Did," follows the story of Canadian woman Jennifer Pan, who was found guilty of conspiring to have her parents murdered. They killed Pan's mother, Bich Ha Pan, and shot her father, Huei Hann Pan, in the head and shoulder. Hann Pan testified during the trial about what he recalled from the night of his wife's murder, and other circumstances of Pan's life. "I hope my daughter Jennifer thinks about what happened to her family and can become a good, honest person someday."
Persons: Bich, Hann Pan, Jennifer, , Jennifer Did, Jennifer Pan, Pan's, Huei Hann, Pan, banister, Daniel Wong, Karen K, Ho, Wong, Bich Ha, Felix, Hann, hadn't, Lenford Crawford, Crawford, Danny Wong, Eric Carty, he's Organizations: Service, Netflix, Canada, Toronto, Police, CBC, Ontario Appeal, of, Markham Economist, Sun Locations: Markham , Ontario, Canada, Vietnam, Toronto, Ontario, of Canada, Markham
"He should pre-announce his resignation (as Boehner did), so we can pick a new Speaker without ever being without a GOP speaker," Massie wrote on X , referring to former GOP Speaker John Boehner, who resigned in the middle of his term in 2015 while facing a similar conservative rebellion from Massie and others. WASHINGTON — A second House Republican said he will support an effort to oust Speaker Mike Johnson from power over his handling of foreign aid for Ukraine and other issues. Johnson told rank-and-file House Republicans in the room that he won't resign, Massie said, a point he reiterated to reporters. "I stand with the speaker," Trump told reporters when asked about Greene's efforts, adding that he gets along great with both Greene and Johnson. One moderate Republican facing a tough re-election bid this fall, Rep. Mike Lawler, R-N.Y., called Greene and Massie's efforts "idiotic."
Persons: Thomas Massie, Anthony Fauci, Tom Williams, Massie, Johnson, Boehner, John Boehner, Marjorie Taylor Greene, WASHINGTON —, Mike Johnson, Rosie, Greene, Republicans —, , Kevin McCarthy, Jared Moskowitz, Ralph Norman, Matt Gaetz, Troy Nehls, Jim Jordan, MAGA, Donald Trump, Trump, Mike Lawler, Marc Molinaro, Molinaro, McCarthy, — Kyle Stewart, Syedah Asghar, Lori Rampani, Ryan Nobles, Sahil Kapur Organizations: Capitol Visitor Center, National Institute of Allergy, Inc, Getty, Triple, FISA, GOP, Republicans, Republican, U.S, Capitol, Caucus, MAGA Republicans, New York Republican Locations: Ky, Kentucky, Ukraine, WASHINGTON, DC, Washington , DC, Texas, Ohio, Mar, Israel, Taiwan, Mexico
A.I.’s Original Sin
  + stars: | 2024-04-16 | by ( Michael Barbaro | Cade Metz | Stella Tan | ) www.nytimes.com   time to read: 1 min
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicA Times investigation shows how the country’s biggest technology companies, as they raced to build powerful new artificial intelligence systems, bent and broke the rules from the start. Cade Metz, a technology reporter for The Times, explains what he uncovered.
Persons: Cade Metz Organizations: Spotify, Times, The Times
Dollar stands tall as U.S. rate-cut bets recede
  + stars: | 2024-04-15 | by ( ) www.cnbc.com   time to read: +2 min
The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. There was little initial reaction to a weekend attack on Israel by Iran. Canadian and New Zealand inflation figures are due on Tuesday, along with Chinese growth numbers. British inflation data is out on Wednesday and Aussie jobs data on Thursday.
Persons: Jason Wong, Sterling Organizations: New Locations: Asia, Israel, Iran, New Zealand, Israeli, Damascus, Wellington, Zealand
Singapore's new prime minister Lawrence Wong will be sworn in on May 15, 2024. SINGAPORE — Singapore's Prime Minister Lee Hsien Loong will step down on May 15 and hand over the power to Deputy Prime Minister Lawrence Wong, the Prime Minister's Office said on Monday. Wong, who will be sworn in at 8 p.m. local time that day, will be Singapore's fourth prime minister since its independence in 1965. Lee has served as prime minister since 2004. Wong, who is 51, entered politics after being elected a member of parliament during the 2011 General Election.
Persons: Lawrence Wong, Lee Hsien Loong, Wong, Lee Organizations: SINGAPORE — Singapore's, Minister's, Action Party, Finance, Monetary Authority of Locations: SINGAPORE, Monetary Authority of Singapore
"This is really the first study to understand how the brochosome's complex geometry interacts with light," Wong said. After almost a decade of research, they managed to 3D print the world's first synthetic brochosomes. Wong's future research will partly focus on making smaller synthetic brochosomes to target the shorter end of the electromagnetic spectrum. Yaorusheng/Getty ImagesAlthough Wong's synthetic brochosomes mark a major step towards invisibility-cloaking technology, scientists are still decades away from bringing anything to market. "Depending on our imagination, I think there are many cool applications that can come out of brochosomes," Wong said.
Persons: , Tak Sing Wong, aren't, Lin Wang, Wong Brochosomes, Wong, Wong's, brochosomes, Hao Xin Organizations: Service, Pennsylvania State University, Penn State, Business, University of Arizona, European Union Locations: brochosomes
Why Hawaii is becoming a leader in U.S. EV adoption
  + stars: | 2024-04-13 | by ( Michael Wayland | ) www.cnbc.com   time to read: +5 min
Alex Tai | SOPA Images | Lightrocket | Getty ImagesU.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. Power's "EV Adoption Score," which is weighted based on market, consumer preference and EV availability, among other conditions, with a score of 33.8. Hawaii also is the top state for EV adoption that hasn't agreed to the California Air Resources Board's Zero-Emission Vehicle program, according to J.D. (For reference, the "Hawaii Belt" around the Big Island, or Hawaii Island, is only about 260 miles.) Power reports the top-selling EVs in the state are the Tesla Model Y, Tesla Model 3 and Ford F-150 Lightning.
Persons: Alex Tai, Elizabeth Krear, hasn't, Ivan Drury, Edmunds, Drury, , I'm, Scott Sageman, Hawaii Aloha Kia Russell Wong, Wong, there's, That's Organizations: Tesla, Getty, EV, California Air Resources, Hawaii that's, AAA, Ford, Aloha Kia, Hawaii Aloha, Aloha, Kia, Gallup Locations: Honolulu , Hawaii, Hawaii, Power, California, Washington, J.D, ., Washington , Oregon, Colorado, Waikiki, U.S, Waipahu, EVs, Edmunds
The U.S. has passed a series of export controls starting in October 2022 aimed at restricting China's access to advanced chip technology, particularly those used in AI applications. According to data from tech consultancy Omdia, China consumes nearly 50% of the world's semiconductors as it is the biggest market for assembling consumer devices. But, soon after, it was reported that Nvidia was working on a new chip made for China. The company did not respond to a request for comment on their plans for the China market. An analysis of Huawei's Mate 60 Pro smartphone by TechInsights revealed an advanced chip made by China's top chip maker, SMIC.
Persons: Wong Yu Liang, Chris Miller, William B, Bailey, Donald Trump, TechInsights Organizations: AMD MU, P Global, Intel, Broadcom, Qualcomm, Marvell Technology, U.S, The, CNBC, Nasdaq, Intelligence, Micron Technology, AMD, Nvidia, Huawei, Semiconductor Industry Association, America's Micron, country's Cyberspace Administration, Micron Locations: China, The U.S, U.S, Washington, Xi'an, Netherlands, Beijing
A retrial was ordered in 2023 for the first-degree murder charge, and the case currently sits with the Canadian Supreme Court. According to Toronto Life, all five of the accused faced first-degree murder, attempted murder, and conspiracy to commit murder charges. NetflixWong received the same sentence and charges as PanWong was found guilty of the same charges as Pan: first-degree murder and attempted murder. For the first-degree murder charge, he received a life sentence with no chance of parole for 25 years; for the attempted murder charge, a life sentence. If it doesn't, Wong, Pan, and the other accused will be allowed to seek parole.
Persons: , Jennifer Did, Jennifer Pan, Bich, Huei Hann Pan, Pan, Daniel Wong, Wong, Jennifer Pan's, Karen K, Ho, Jennifer, Christine, Lenford Crawford, Crawford, Pan's, Huei Hann, Netflix Wong, Pan Wong, Eric Carty Organizations: Service, Netflix, Canadian, CBC, Canadian Supreme, Business, Pan, Toronto, Police, Toronto Life, Ontario, Markham Economist, Sun Locations: Toronto, Pan's, Lindsay , Ontario
Hanif Abdurraqib Just Misses His Dog
  + stars: | 2024-04-11 | by ( Wilson Wong | ) www.nytimes.com   time to read: +1 min
“It’s a real culture shock and emotional shock,” Hanif Abdurraqib said in a recent phone interview. The poet, essayist and cultural critic was describing his experience of being surrounded by hundreds of readers in a room while going on tour — made more challenging while fasting for Ramadan — for his best-selling book, “There’s Always This Year: On Basketball and Ascension.”His reaction stems partly from the fact that he hasn’t done the usual fanfare that accompanies a book launch since 2019 — the last year he toured in person. And in that time, much has changed for Abdurraqib (more so, perhaps, than other writers): He bought his first home in the neighborhood of Bronzeville in his hometown, Columbus, Ohio; he released his best-known book, “A Little Devil in America,” part memoir and part love letter to Black performance in America; and he was awarded a MacArthur fellowship and an Andrew Carnegie Medal, among other accolades. “I have a lot of gratitude, and everyone is really kind,” said Abdurraqib, 40, who is also a contributing writer for The New York Times Magazine. “Because I haven’t been on tour for so long, the responses to my work have grown in my time away, so it’s been good.”
Persons: , ” Hanif Abdurraqib, , Andrew Carnegie, , Abdurraqib, it’s Organizations: MacArthur, The New York Times Magazine Locations: Bronzeville, Columbus , Ohio, America
Stock Chart Icon Stock chart icon Bitcoin (BTC), entering its fourth halving period next week. After the 2012, 2016 and 2020 halvings, the bitcoin price ran up about 93x, 30x and 8x, respectively, from its halving day price to its cycle top. The halving occurs when incentives for bitcoin miners are cut by half, as mandated by the code of the Bitcoin blockchain. Zoom In Icon Arrows pointing outwardsThat $30 million assumes a bitcoin price of about $70,000. Diminishing returns from halving to halving Bitcoin has always shot to the moon in the months following its halving – that's what makes it such a celebrated day among enthusiasts.
Persons: Yu Chun Christopher Wong, bitcoin, Antoni Trenchev, it's, Steven Lubka, Swan Bitcoin, Trenchev, Swan's Lubka, Lubka Organizations: S3studio, Wall, Swan, Miners
Humane's wearable AI pin became available nationwide today. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Humane says its wearable AI Pin, which it hopes will one day replace your smartphone, can do everything from making phone calls to projecting information onto the palm of your hand. That pretty much sums up my first three days with Humane's AI Pin," he wrote. The consensus seems that Humane's AI Pin is nowhere near replacing your smartphone, but it has potential.
Persons: , David Pierce, Julian Chokkattu, you've, Inverse's Raymond Wong, Chris Velazco Organizations: Service, The Washington Post Locations: Swiss
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHighly unlikely Beijing will allow ByteDance to sell TikTok's algorithm to foreign buyers: ProfessorAngela Zhang, director of the Philip K. H. Wong Centre for Chinese Law and associate professor of law at the University of Hong Kong, says the Chinese government's stance is aligned with TikTok's position.
Persons: Angela Zhang, Philip K Organizations: Wong Centre, Chinese Law, University of Hong Locations: Beijing, University of Hong Kong
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