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Connecting to the healthcare of tomorrow
  + stars: | 2024-10-07 | by ( Robert Howell | ) edition.cnn.com   time to read: 1 min
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Tech: Amazon's Prime Day kicks off tomorrow, and there are some deals on surprising items . Amazon's Prime Day kicks off tomorrow, and there are some deals on . Getty Images; Jenny Chang-RodriguezWe've already got one indication companies are in good shape: Friday's blockbuster jobs report . But another blowout report — 250,000 jobs added and at least 4% wage growth — could lead the Fed to reconsider its easing policy. In addition to the usual Prime Day gadgets, like TVs and Airpods, Amazon is dishing out deals on tents, pocket knives, and chainsaws.
Persons: , Jenny Chang, Rodriguez, Matthew Fox, we'll, Rodriguez We've, there's, Philipp Carlsson, Chelsea Jia Feng, haven't, Donald Trump's, Tyler Le, John Tomac, that's, boomers, They're, Gen Xers, Gen Zers, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, . Tech, Amazon's, Pfizer, Wall Street, JPMorgan, Wells Fargo, Big Tech, Getty, Fed, Boston Consulting, Trump Media, Microsoft, BI, pharma, CBS, ASEAN Locations: Israel, fintech, Vientiane, Laos, New York, London, Chicago
He joined VC firm Menlo Ventures in 2021 and has invested in generative AI startups like Pinecone. Using his technical expertise as a former programmer and CTO, Tully is helping amass an impressive portfolio of AI startups at Menlo Ventures. He's also written code as a way to help win over startups in the broader Menlo Ventures portfolio. That helped seal the deal, and Ionita led Orb's $14 million Series A funding round. While Menlo has been bolstering its portfolio with AI infrastructure startups, Tully said he's excited these days about opportunities at the application layer.
Persons: Tim Tully, , Tully's, Tully, He's, Warby Parker, Roku, Uber, Jess Lee, I've, Naomi Pilosof Ionita, Ionita, he's, legaltech –, Eve Organizations: Yahoo, Menlo Ventures, Service, Venture, Apple, Menlo, Bay Area, Data Systems, Oracle, AOL, Huffington, Sequoia Locations: Bay, Splunk,
Starboard Value has taken a $1 billion stake in drugmaker Pfizer. The hedge fund, headed by Jeff Smith, has become one of the most feared activist investors. AdvertisementPharmaceuticals giant Pfizer got a wake up call Sunday evening when one of Wall Street's most feared activist investors revealed a stake in the company. AdvertisementPfizer, with a market cap north of $160 billion, is among the largest companies Starboard's Smith has ever targeted. With less than a 10% stake Smith replaced the entire 12-person board and assumed the role of chairman.
Persons: Jeff Smith, , Smith, Starboard's Smith, Ian Read, Frank D'Amelio, Ken Squire, Paul Singer, Elliott, Carl Icahn, Dan Loeb, Peter Feld, Olive Garden's, Marc Benioff, Brontë Wittpenn, Brontë, Squire, they're, Albert Bourla, Bourla, wagered Organizations: Pfizer, Service, Pharmaceuticals, 13D, Investor, Lazard, Elliott Management, Icahn Enterprises, Cowen Group, AOL, Darden Restaurants, Olive Garden, Longhorn, Darden, Wall, San Francisco, Getty, Smithfield Foods, Bristol, Myers Squibb, Celgene, Autodesk, Starbucks Locations: Olive Garden, Fortune, America, Olive, Washington
Chart of the Day: Pfizer
  + stars: | 2024-10-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart of the Day: PfizerStarboard takes a $1 billion stake in $PFE. It's our Chart Of The Day. The Investment Committee discuss healthcare and biotech stocks.
Organizations: Pfizer
After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy of negativity. We hear about OpenAI and its brilliant $167 billion valuation , but we don't see any stock available to public-market investors. I have been furious at myself for thinking the Chinese government couldn't do anything about the country's struggling stock market. The Chinese stock market has been rallying nicely since the stimulus announcements. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: , Elon Musk, he's, isn't, Carl Quintanilla, David Tepper, holler, That's, that's, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Federal Reserve, Walmart, Fed, SpaceX, Nike, Walgreens, CVS Health, Club, GE Healthcare, Wynn Resorts, Chinese Communist Party, Apple, PDD Holdings, JD.com, Baidu, Diamondback Energy, Exxon Mobil, CNBC, New York Stock Exchange, Getty Locations: U.S, China, , New York City
Investors expect S&P 500 earnings growth of 4.6% as the stock market trades near record highs. Key themes to watch for include AI adoption, consumer health, and the impact of lower interest rates. AdvertisementEarnings season is fast approaching, and investors have a lot to be on the lookout for as companies report third-quarter results. AdvertisementIn addition to the actual earnings figures, investors will be monitoring key themes as company executives offer guidance during earnings calls. Hainlin said he is encouraged by continued growth in consumer spending as credit card defaults "are within normal levels" and the holiday shopping season is right around the corner.
Persons: Wells, , Michael Dickson, Tom Hainlin, they're, John Belton, There's, Dickson, delinquencies, Hainlin Organizations: PepsiCo, JPMorgan, Service, Wells, Investments, Business, Wall Street, Bank Wealth Management, Aerospace, Defense, Consumer, Federal Reserve Locations: Wells Fargo, FactSet
AdvertisementCorporate earnings are on pace for their best non-pandemic year since 2018, and market strategists expect the party to continue in the upcoming earnings season and into 2025. "There's not always a one-for-one relationship between economic growth and earnings growth," Reynolds said. "You can still see earnings growth at a pretty robust level, even if economic growth moderates to some extent. "That could be a little bit of a headwind for the market," Saglimbene said. That's a normal earnings growth kind of environment, and I think that's enough to continue to push the market higher."
Persons: , Mike Reynolds, Anthony Saglimbene, He's, Saglimbene, Joe Quinlan — who's, Bank of America —, Quinlan, Reynolds, it's, Andrew Slimmon, Jim Baird, Plante, Michael Smith, Smith, There's, Slimmon, he's Organizations: Service, Business, Ameriprise, Merrill, Private Bank, Bank of America, Morgan Stanley Investment Management, Financial, Allspring Global Investments, Bears Locations: what's
AdvertisementOn July 14, 2022, Kelle Sparta and her husband, Jeff Brandon, set foot in Boquete, Panama, for the first time. AdvertisementIn 2018, the couple moved to Richmond, Virginia, from Boston. Boquete, Panama. Kelle SpartaIn 2022, the couple moved sight unseenIn the summer of 2022, the couple arrived in Boquete with six suitcases and their dog. Sparta and Brandon moved into a temporary Airbnb while looking for a permanent home.
Persons: Kelle Sparta, Jeff Brandon, , she's, lockdowns, Brandon didn't, Brandon, divisiveness, Monica Humphries, Sparta, they're, I'm Organizations: Kelle, Service, Business, Sparta, Friendly Nations, MIT Locations: Boquete, Panama, Sparta, Brandon, Richmond , Virginia, Boston, Virginia, Europe, Portugal, Valencia, Spain, Kelle Sparta, Panamanian
Jordan Vonderhaar for BIIn late July, after Biden dropped out of the race, I traveled to Starr County to see why this longtime Democratic stronghold has been shifting steadily to the right. Like the mesquite and huisache that thrive in this arid climate, he has deep roots in Starr County. If any place embodies the dual identity among Latinos in Starr County, it's the Rancho Cafe in the tiny town of Roma. The Rancho Cafe — part Old West saloon, part Tex-Mex hangout — embodies the dual identity of local Latinos. Across the country, Latino Republicans say they feel more able to wear their politics on their sleeve.
Persons: Donald Trump, Alexis García, Trump, García, Bernie Sanders, Hillary Clinton, Starr, Trump's, , baldy, he'd, — you've, Jordan Vonderhaar, MAGA, provocateurs, Joe Biden, Biden, Kamala Harris, hicks, In, Benito Treviño, Todos, Treviño, Treviño's, Toni Treviño, Toni, Harris, Aliriam Perez, Miguel de Alemán, Perez, Perez wasn't, George Floyd, they've, pollsters, Rick Guerra, Guerra, George W, Bush, Roel Reyes, TRUMP, Reyes, Jack Herrera Organizations: Democratic, Trump, Republican, BI, In Trump, South Texans, American, Democrat, Republican Party, Democratic Party, Republicans, Democrats, Alabama Dairy, Army, Texas Lone Star, Border Patrol, Local Democrats, Los Angeles Times, Texas Locations: New York City, Texas, Rio Grande City, Starr County, Trump, la, South Texas, Starr, America, American, Arizona, Nevada, MAGA, Hollywood, Rio Grande, Mexico, Benito, Houston, Roma, sipping, Mexican, West Texas, Alabama, Iraq, Afghanistan, Guerra's
Monthly Social Security checks aren't enough for most baby boomers to get by, further fueling a retirement crisis. A prenuptial agreement can be helpful, but it typically doesn't protect wealth built after the couple ties the knot, like retirement savings. Men's monthly retirement incomes are nearly $600 more than women's — $2,610 to $2,042 — and they're more likely to have a balance in a retirement account. Overall, divorced women like Clark see lower monthly retirement incomes than their male counterparts — and peers who have remarried. One of Mintzer's greatest divorce regrets is that she didn't safeguard her retirement savings.
Persons: , Libby Mintzer, Mintzer, she's, Melody Evans, Evans, Roth, couldn't, didn't, Kathryn Clark, Clark, Clark didn't, Clark's, it's Organizations: Service, Social Security, Social, Gerontology, , Roth IRA, SNAP, allisonkelly Locations: Florida, Tampa, California's Bay
Below, four market experts share how investors should allocate their money going forward. The US job market blew past economists' predictions, with total nonfarm payrolls increasing by 254,000 last month — over 100,000 more jobs than expected. Chris Zaccarelli, chief investment officer, Independent Advisor AllianceThe job market is showing signs of strengthening with the September data. With that being said, the current environment presents many opportunities to invest in equities, according to Zaccarelli. "Recession fears are elevated, and we think those are underpriced, underappreciated parts of the market," Zaccarelli said.
Persons: , we've, Liz Ann Sonders, Charles Schwab, Sonders, there'll, it's, Jeffrey Roach, Roach, Lisa Shalett, Morgan, Shalett, Chris Zaccarelli, Zaccarelli Organizations: Service, Federal Reserve, Investors, Fed, Morgan Stanley Wealth Management, Independent
It’s time for a wellness check at CVS Health. But Caremark, in some cases, also funnels drug prescriptions to CVS retail pharmacies, he said. He said a spinoff of CVS’ retail pharmacies would be more likely. A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Those actions will help the company achieve its target of 100- to 200-basis-points margin improvement in its Medicare Advantage business, CVS executives said in August.
Persons: Caremark, , eMarketer, Rajiv Leventhal, Karen Lynch, Lynch, Brian Kane, , ” Jefferies, Brian Tanquilut, Elizabeth Anderson, Anderson, it’s, eMarketer’s Leventhal, ” Tanquilut, Ann Hynes, Tanquilut, “ they’re, they’re, Michael Cherny, Cherny, Faith Ninivaggi, Reuters Cherny, CVS, Tom Cowhey Organizations: CVS Health, CVS, CNBC, Aetna, Monday, Glenview Capital, Glenview, Evercore ISI, UnitedHealth, Humana, Walgreens, Street Health, Oak, Health, Mizuho, Amazon, Walmart, Oak Street, Leerink Partners, Affordable, Medicare, CVS Health Corp, Reuters, Centers, Medicaid Services Locations: U.S, Caremark, Aetna, Texas and Illinois, Woonsocket , Rhode Island
Business Insider asked 27 venture-capital investors to nominate the most promising fintechs. VCs highlighted startups that haven't raised beyond a Series C.Here are the 49 most promising fintechs. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Business Insider asked 27 top investors — including Index Ventures, QED Investors, and Bain Capital Ventures — to name some of those diamonds in the rough. Check out the 49 startups identified as most promising by 27 top investors.
Persons: , fintechs Organizations: Service, Business, Index Ventures, Bain Capital Ventures
During a virtual roundtable, we asked Business Insider's Workforce Innovation board to tell us how AI would transform companies over the next year. How will the most innovative companies be transformed by AI over the next 12 months? Last year, we had an AI challenge across the company, and a huge percentage of our employees participated. There are a lot of different points of view on what AI will and will not do and how quickly. And that the promise we think AI is going to deliver will probably take longer than we think to come to fruition.
Persons: Tim Paradis, Vinod Khosla, Khosla, upskilling, Justina Nixon, Nixon, Saintil, AARP's Marjorie Powell, Powell, Chris Deri, Anant Adya, Marjorie Powell, Alicia Pittman, We've, We're, It's, coder, Maggie Hulce, Salesforce, what's, Chen, we've, Weber, everybody's, Anant, Shane Koller, Tipton Organizations: Sun Microsystems, Weber, IBM, Saintil, Infosys, AARP, Boston Consulting, Clear, Federal Housing Finance, Street Locations: Dreamforce, San Francisco, Tipton
Research Affiliates CIO Chris Brightman believes immigration reform is needed to boost the economy. One proposed policy is projected to energize the labor market and liquidate $0.6 trillion in debt. But to one chief investment officer, immigration policy isn't a matter of political debate — it's an economic nonnegotiable. A declining population brings with it a declining labor force. Immigration policy solutionsBrightman sees the need for more friendly immigration policies such as providing permanent residency to immigrants who graduate from US universities.
Persons: Chris Brightman, , Brightman, they're Organizations: Research, Service, Social Security, Medicare, Immigrants, Penn Wharton Budget, Immigration Locations: Japan, Korea, Taiwan, Canada, New Zealand, Australia, outlays
In this article CVS Follow your favorite stocks CREATE FREE ACCOUNTA sign outside of a CVS pharmacy store on February 07, 2024 in Miami, Florida. That means Caremark also sits at the intersection of CVS' retail pharmacy operation and its Aetna insurer, boosting the competitive advantage of both of the businesses. A workers stocks the shelves in a CVS pharmacy store on February 07, 2024 in Miami, Florida. An Oak Street Health clinic stands in a Brooklyn neighborhood on February 08, 2023 in New York City. A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023.
Persons: Joe Raedle, Caremark, Rajiv Leventhal, Karen Lynch, Lynch, Brian Kane, Jefferies, Brian Tanquilut, Elizabeth Anderson, Anderson, it's, eMarketer's Leventhal, Tanquilut, Ann Hynes, Spencer Platt, they're, Michael Cherny, Cherny, Faith Ninivaggi Organizations: Getty, CVS Health, CVS, CNBC, Aetna, Monday, Glenview Capital, Glenview, UnitedHealth, Humana, Walgreens, Street Health, Oak, Health, Mizuho, Oak Street Health, Amazon, Walmart, Oak Street, Leerink Partners, Affordable, Medicare, CVS Health Corp Locations: Miami , Florida, U.S, Aetna, Caremark, Brooklyn, New York City, Texas and Illinois, Woonsocket , Rhode Island
Russia is breaking down institutions and "borrowing from the future," Konstantin Sonin says. The economist notes Russia is taking measures to exert more control over its economy. But those actions are hurting Moscow's economic future, Sonin said. Konstantin Sonin, a professor at the University of Chicago Harris School of Public Policy, said he foresaw a dark economic future ahead for Russia. Putin's war not only imposes on today's Russians a worse life than they otherwise would have had.
Persons: Konstantin Sonin, Sonin, Organizations: Service, University of Chicago Harris School of Public, Syndicate, Heineken, International Monetary Fund Locations: Russia, Ukraine, Moscow
In the days leading up to Hurricane Helene, Dr. Lisa Kaufmann worked around the clock to make sure her North Carolina hospital system was as prepared as possible, stockpiling supplies like water, food, medication and equipment. Dr. Lisa Kaufmann and staff meet to discuss the current situation at UNC Appalachian Regional Healthcare System. Courtesy Dr. Lisa KaufmannForty-two hospital employees are still unaccounted for, unable to be reached by phone and possibly stuck in places that are inaccessible. Follow live updates on the aftermath of Hurricane Helene“We think most of them are probably OK,” Kaufmann said. Kaufmann said the number of employees unaccounted for at UNC Appalachian was much higher immediately after the storm.
Persons: Hurricane Helene, Lisa Kaufmann, Kaufmann, they’re, Lisa Kaufmann Forty, Helene “, ” Kaufmann, , Hannah Drummond, it’s, we’ve, ” Drummond, Alice Salthouse, ” Salthouse, We’re, Vicky, , she’s, Organizations: UNC Appalachian Regional Healthcare, Mission Health, National Nurses United, UNC Appalachian Locations: Hurricane, North Carolina, Asheville
A new court filing from special counsel Jack Smith argues Donald Trump acted as a private citizen when he sought to overturn the 2020 election. It includes new details about Trump’s actions after the 2020 election and leading up to the Jan. 6 riot at the U.S. Capitol, including testimony detailing Trump’s conversations with former Vice President Mike Pence. Trump campaign spokesperson Steven Cheung blasted the “falsehood-ridden” filing and declared the case a “partisan, Unconstitutional Witch Hunt.”Read the full story here. Liz Cheney, a former Republican congresswoman and daughter of a former Republican vice president, will campaign with Vice President Kamala Harris today in the Wisconsin city considered the birthplace of the Republican Party. 2025 ambitions: Republicans in Congress are already looking ahead at what they could accomplish if Donald Trump wins the 2024 election.
Persons: Jack Smith, Donald Trump, Hurricane Helene, Here’s, Trump ‘, , , Mike Pence, Pence, Trump, Steven Cheung, Witch Hunt, Helene Swannanoa Deon Hampton, Deon Hampton, Beverly Eller, Stewart Cody, Helene, Elon Musk’s, Joe Biden, Sen, JD Vance, Liz Cheney, Kamala Harris, Tom Cotton of, Charisse, Lane, — Michelle Garcia, Elizabeth Robinson Organizations: NBC News, U.S . Capitol, Getty, country’s Ministry of Health, Beirut . One U.S, NBC, Staff, Mission, Republican, Republican Party, Affordable, Trump, GOP, College Republicans, Florida, M University Locations: Beirut, United States, Israel, Iran, Lebanon, AFP, Bachoura, Beirut . One, Lebanese, North Carolina, Hurricane, Florida, Georgia, Tennessee, Swannanoa , North Carolina, Asheville, Michigan, Wisconsin, Tom Cotton of Arkansas
Facing what could be months without a steady water supply, the only solution for Mission Hospital was to dig a well. Access to clean water was also wiped out. Port-a-potties outside of Mission Hospital. People visiting patients at Mission Hospital seemed satisfied with the care provided. Another Mission Hospital visitor who did not want to be named said the facility had people from multiple departments working together.
Persons: Helene, , Hannah Drummond, Drummond, Minyvonne Burke, “ It’s, ” Drummond, Helene “, , Stirling Barlow “ It’s, Mark Thompson Organizations: Mission, National Nurses United, Mission Hospital, NBC, Food, , NBC News, Healthcare, “ Staff Locations: Asheville, North Carolina, Asheville , North Carolina
Best Credit Cards for Amazon of 2024Compare the Best Amazon Credit CardsEarn 5% back at Amazon and Whole Foods Prime Visa Apply now lock icon An icon in the shape of lock. Best Credit Card for Amazon ReviewsPrime VisaThe best credit card for Amazon and Whole Foods purchases is the Prime Visa. Best Credit Card for Amazon Frequently Asked QuestionsWhat are the main benefits of credit cards for Amazon purchases? Compared to other rewards cards, Amazon credit cards offer higher cashback rates on purchases made at Amazon and Whole Foods. There are four personal Amazon credit cards: The Prime Visa, Amazon Visa, Amazon Store Card, and the Amazon Secured Card.
Persons: Chase, , Cash, Wells, you've, It's, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you'll, Cardholders, You'll, cardholders, Read, Insider's, there's, Ariana Arghandewal Ariana Arghandewal, Ariana, Guy, Education Ariana, ExperienceExpertiseEducation Read, Tessa Campbell, Tessa, she’s, Angela Fung Organizations: Business Insider, U.S . Bank, Citi, Citi Strata Premier, Card, Citi Prestige, American, Amazon Visa, Amazon Business Prime, Amazon, Foods, Amazon.com, Chase Travel, Visa, FDIC, U.S, Bank, Target, Walmart, Business, EV, Express, American Express, Disney, ESPN, Wells, Bank of America, of America, Hilton, Marriott, Saks, Entertainment, The New York Times, Street, TSA, Global, Saks Fifth, Amazon Reviews, . Bank, Bank Rewards, Citi Prestige ®, Air France, JetBlue, Singapore Airlines, Wyndham, Merrill, Amazon One, Amex, Southwest, Prime, Amazon Business American Express, Synchrony Bank, Amazon Business, Bankrate, CNBC, CNN, Forbes, Lonely, NBC, Traveler University, CardCon, Chicago, Expertise, Education, University of Southern, Susquehanna University, Finance Locations: U.S, Hulu, Wells, Air, That's, Merrill ., Chase, University of Southern California
Zach and Annie moved their family from California to Scotland for a simpler life. They had been living in California, where Zach — who was originally from Scotland — was working with the highway patrol. Advertisement"We made an effort pretty much every year, apart from during COVID-19, to travel back to Scotland," Zach said. Zach and Annie/Simple Scottish LivingZack and Annie closed on the house in February, but only arrived in Scotland with their kids in May. Zach and Annie/Simple Scottish LivingAlthough the couple enjoyed living in the US, life in Scotland reminded them of their own childhoods.
Persons: Zach, Annie, , Zach —, Scotland —, I've, It's, they'd, they've, Zack Organizations: Service Locations: California, Scotland, Sonoma County, Silicon Valley, East Lothian, Edinburgh, COVID
The dockworkers' strike threatens supply chains, while Hurricane Helene caused costly damage. Devastation from Hurricane Helene, a dockworkers' strike, and escalating conflict in the Middle East all threaten to scramble supply chains and inflate prices. How much the strike impacts prices depends on how much of a cushion companies have built to deal with any bottlenecks. Bottlenecks also encourage carriers to raise their prices, increasing retail and consumer goods prices, Kent said. The hurricane has also disrupted some supply chains, including healthcare supplies and high-purity quartz needed for semiconductor manufacturing.
Persons: Helene, , Israel ramped, Douglas Kent, Dockworkers, dockworkers, Morgan Stanley, Kent, Fazili, Lauren Saidel, Baker, she's, Biden, Hurricane Helene, Adam Kamins Organizations: Service, Association for Supply Chain Management, JPMorgan, National Economic, Biden, ITR, International Longshoremen's Association —, United States Maritime Alliance, Homeowners Locations: Israel, Iran, Hurricane, Lebanon, Maine, Texas, East Coast, Gulf, Kent, West Coast, North Carolina, Florida
“Democrats always want to be talking about health care because they have a political advantage over Republicans on the issue with voters,” Larry Levitt, executive vice president for health policy at KFF, a nonpartisan health policy research organization, told CNN. “Americans care about health care. They want to know where the candidates stand when it comes to health care,” Sarah Fioroni, a senior researcher at Gallup, told CNN. Early in the campaign, Trump revived talk of wanting to repeal the Affordable Care Act and replace it with something better. The Trump campaign accused the Harris campaign of “lying because they are losing,” Karoline Leavitt, the campaign’s national press secretary, said in an email to CNN.
Persons: Kamala Harris, Harris, Donald Trump, Trump, Sen, JD Vance, ” Larry Levitt, “ Trump, Vance, Sarah Fioroni, “ It’s, Biden, Obamacare, , ” “, , , , ” Karoline Leavitt Organizations: CNN, White, Trump, West Health, Gallup, Democrats, ABC, Republican,
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