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Sam's Club CEO Chris Nicholas tells BI he wants shoppers to have all three. The Grapevine Sam's Club is literally bristling with tech, not just in the form of the hulking blue AI-powered gateways. Sam's Club has also been a test-bed for retail concepts that eventually find their way into Walmart's 4,600 US stores and beyond. He, too, previously served as Sam's Club CEO. "My hope is that Sam's Club, when you shop, feels like what it's like to shop in the future.
Persons: Chris Nicholas, Nicholas, , Dominick Reuter, it's, Sol Price —, Sam Walton, Sam's, John Furner, Doug McMillon strolled, jogger sweatpants Organizations: Sam's, Service, Costco, Walmart, Shoppers, innovating, Grapevine Sam's, Business, Sam's Club Locations: Texas, Grapevine , Texas, Grapevine, Dallas, Walmart's
WASHINGTON — With just two weeks left in the 2024 campaign, there currently are no plans for Vice President Kamala Harris to appear on the trail with President Joe Biden before Election Day, according to three Harris campaign officials and three White House officials. Biden last appeared with Harris at a campaign event nearly seven weeks ago, on Labor Day in early September. That’s a contrast to former President Obama, who has headlined a series of Harris campaign events, and former President Bill Clinton who has also been on the trail for the vice president. First lady Jill Biden has headlined multiple events for the Harris campaign as well and is set to hit the trail for her again on Wednesday in Nevada. White House and campaign officials say the president understands the strategy behind his downsized role in the campaign, even if at times he doesn’t like it.
Persons: Kamala Harris, Joe Biden, Harris, Biden, , , “ Harris, Joe Biden’s, ” Harris, Trump, tethering Harris, ” Trump, Biden’s, Barack Obama, Michelle Obama, He’s, Obama, Bill Clinton, Jill Biden Organizations: WASHINGTON, White, White House, Democratic, Biden, Fox, NBC News, Philadelphia Democrats, Workers, Labor, Nevada . White Locations: Georgia, Michigan, New Hampshire, Philadelphia, Florida, North Carolina, Israel, Nevada ., U.S
The author paid a company, Renewable Recycling, to pick up and recycle his queen-size mattress in New York City. Greg IacurciI paid $95 to recycle a mattress. Why mattress recycling can be expensiveShredded old mattress materials. Guillaume Souvant | Afp | Getty ImagesThe $95 fee I ultimately paid to Renewable Recycling is "pretty standard" among mattress recyclers, Conway said. For example, cotton remnants must be picked off steel mattress springs before it can be shredded or baled for sale to scrap markets, according to the Mattress Recycling Council.
Persons: Greg Iacurci, Alicia Marseille, Robert Brook, , Meg Romero, Charles, Mark Rightmire, Romero, Peter Conway, Conway, Guillaume Souvant, Charles County, " Romero, Staples, Reid Lifset, Amanda Wall, Wall Organizations: Renewable, U.S, Mattress, Arizona State University, MRC, Salvation Army, Goodwill, Freecycle, Recycling Inc, MediaNews, Orange, Getty, Spring, Afp, Yale School of, Colorado, Environmental Resources, Arizona State University Individuals, International Sleep Products Association Locations: New York City, Brooklyn, Charles County , Maryland, East Rockaway , New York, San Juan Capistrano , California, Spring Back Colorado, Commerce City, Colorado, Oceanside , New York, Charles, California, Mexico, Canada, India, Egypt, Texas, Marseille, — California, Connecticut, Rhode, Oregon, Rhode Island, New York , Massachusetts, Maryland, Virginia
S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.
Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif
Analysts pick winners from China stimulus measures
  + stars: | 2024-10-20 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
Now that China's key ministers have spoken on stimulus, analysts have narrowed down the stocks likely to benefit. Chinese stocks have tempered their recent rally as investors await more policy details. Beyond interest rate cuts, the most tangible Chinese stimulus policies include subsidies to boost consumption with a trade-in program, along with incremental property market support. They screened for mainland-traded Chinese stocks with relatively high dividend yields and strong cash flow. While Chinese property developers may not bounce back right away, HSBC analysts expect construction software company Glodon, listed in Shenzhen, can benefit from property market stabilization.
Persons: David Chao, Morgan Stanley, Morgan, Ni Hong, Edward Chan Organizations: Asia Pacific, Aluminum Corp, Cement, HSBC, National Bureau of Statistics Locations: Japan, Invesco, Hong Kong, Anhui, Beijing, Shenzhen, Shanghai
“That’s how I spent the war,” Mr. Kinsel said in the interview with The Arizona Republic. The Associated Press reported that the only two surviving Navajo Code Talkers are Thomas H. Begay and Peter MacDonald, a former Navajo chairman. John Kinsel Sr. was born in 1917 in Cove, Ariz., according to the Navajo Times. He completed boot camp and was sent to Camp Elliott, where he underwent training to become a Navajo Code Talker. He was sent to New Zealand, where he trained for eight more months before being deployed to Guadalcanal, one of the Solomon Islands, with the Third Marine Division, according to the Department of Veterans Affairs.
Persons: Kinsel, Camp Elliott, Mr, Thomas H, Begay, Peter MacDonald, John Kinsel Sr Organizations: The Arizona, Ninth Marine Regiment, Third Marine Division, U.S . Department of Veterans Affairs, The Arizona Republic, Associated Press, Navajo, Navajo Times, Marines, Department of Veterans Affairs Locations: The Arizona Republic, Camp, Bougainville, Papau New Guinea, Guam, Iwo Jima, Ariz, New Zealand, Guadalcanal, Solomon
He has been touring and recording music with the E Street Band since the 1970s. AdvertisementBruce Springsteen opened up on the keys to his success and longevity following a recent screening of "Road Diary: Bruce Springsteen and The E Street Band" in London. "If you get the art right, the music right, and the band right, you go out and play every night like it's your last night on Earth. AdvertisementSpringsteen has worked with the E Street Band since the 1970s. Now, luckily, we found some commercial calling ground along the way, which was great," Van Zandt added.
Persons: Bruce Springsteen, Springsteen, , Dave Benett, Stevie Van Zandt, Thom Zimny, Jon Landau, Van Zandt Organizations: Service, Disney, Hulu, Forbes, Sony Locations: London, USA
All charges have been dismissed against a deaf Black man with cerebral palsy who was shocked with a Taser and repeatedly punched by Phoenix police officers. The 911 caller said a white man in his 20s had been the aggressor and was still in the store, the police incident report said. Body camera video recently released by Showalter showed that Harris attempted to arrest McAlpin within seconds of exiting his vehicle. She could be heard in the video telling the officers that her husband is deaf and has cerebral palsy. McAlpin's attorney said Monday that the officers launched a "frenzied and violent attack on Tyron."
Persons: Tyron McAlpin, McAlpin, Rachel Mitchell, NA43W, Mitchell, Jesse Showalter, Benjamin Harris, Harris, Kyle Sue, Showalter, Sue Organizations: Phoenix, Phoenix Police Department, NAACP, Indian, Police, NBC News, Justice Department, Black, DOJ Locations: Maricopa County
I was ecstatic to see what the fuss was about with the Flexispot E7 Pro Standing Desk. Flexispot E7 Pro Standing Desk Flexispot's most premium and heavy-duty offering, the E7 Pro has a powerful motor, greater adjustability, and a semi-C Leg structure for added stability and comes with a 15-year warranty. AdvertisementWeight capacityThe Flexispot E7 Pro Standing Desk has a weight capacity of 440 lbs. The Uplift V2 also has a slightly quieter motor than the Flexispot E7 Pro Standing Desk. Alex Temblador/Business InsiderI didn't think I'd be as impressed as I was with the Flexispot E7 Pro Standing Desk.
Persons: I've, I'd, Alex Temblador, Jamie Davis Smith, Flexispot, we've Organizations: Business, E7
The stroke was on the right side of his brain, leaving the left side of his body “completely incapacitated” and causing his speech to be slurred, said Shortz, 72. But the opposite side of the body is affected, which left Shortz with the weakness on his left side. Even with the 15 minutes he spent on the floor, Shortz said, he was at the hospital within an hour. “I do not think that there’s a timestamp to recovery, because our brain is really quite plastic,” she said. “Like solving a crossword puzzle,” Shortz said, “even if you don’t know certain things that are in the puzzle, tackle what you do know.
Persons: Will Shortz, , , Shortz, he’s, Sanjay Gupta, he’d, ” –, Michelle Lin, ” Lin, they’ve, Lin, Andrew Josephson, you’ve, hadn’t, ” Shortz, He’s, Susan Sarandon, Andre Balazs, Adam Bobrow, Kazuyuki Yokoyama, Jeff Vespa, Gupta, Will, “ I’ve, Josephson, Dr, Organizations: CNN, New York Times, US Centers for Disease Control, Mayo Clinic Hospital, Neurology, University of California San, , CNN Health Locations: Pleasantville , New York, United States, Mayo, Jacksonville , Florida, University of California San Francisco
Investors worried about a market correction should adjust their portfolios, David Rosenberg says. The top economist has warned stocks are in a bubble and at risk of a major decline. Investors need to exercise caution and avoid following the "herd mentality," Rosenberg said, pointing to the fervor for mega-cap tech stocks. Instead, he said, investors should focus on stocks with strong business models, strong growth, and good prices, and add some "insurance" to their portfolios. Most forecasters on Wall Street still expect a strong performance from equities into year-end and 2025.
Persons: David Rosenberg, , who's, he's, Chuck Prince, Rosenberg, REITs, Goldman Sachs Organizations: Service, Rosenberg Research, Utilities, Aerospace, UBS, BMO, Deutsche Bank Locations:
Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food. These long-term contracts functionally guarantee an unlevered double-digit return before Air Products even needs to put a dollar into the ground. Investors appreciate companies like Air Products for their low-risk and highly stable cash-flowing operations. On Oct. 4, Mantle Ridge announced a more than $1 billion position in Air Products, and echoed a similar sentiment and identified similar issues as D.E. We strongly expect that many of Air Products' other shareholders are concerned about the same issue.
Persons: It's, Shaw, unadulterated, Praxair, Seifi, Linde, D.E, Seifi Ghasemi, Ghasemi, Samir Serhan, Mantle, Paul Hilal, Scott Sutton, Olin, Russell, Ken Squire Organizations: Air Products, Chemicals, Air Liquide, Linde, Products, Air, D.E, Technologies, Fidelity National Information Services, FedEx, Verisk, Healthcare Trust, 13D Locations: Saudi Arabia, Louisiana, Texas, D.E, Air
Experts noted then, as they note today, that high costs and complex logistics make mass deportation more complicated than campaign promises suggest. Immigrants deported from the United States arrive in Guatemala City on an ICE deportation flight on February 9, 2017. John Moore/Getty ImagesSo what would deporting the millions of undocumented immigrants living in the United States cost? The organization also argues that mass deportation would make more jobs available for Americans. The economic impact of mass deportation, he says, would amount to “utter disaster.”“We Americans, we, the country, we, in our communities, would be significantly damaged,” he says.
Persons: Donald Trump, he’ll, he’s, Trump, they’ve, Tom Homan, Stephen Miller, JD Vance, he’d, Biden, , John Sandweg, Obama, ” Trump, wasn’t Trump, “ It’s, Laura Collins, George W, Sandweg, John Moore, Collins, Miller, Jason Houser, , Houser, “ That’s, ” Collins, , you’re, ” Sandweg, they’re, ” Houser, it’s, “ They’re, who’d, , Lisa Sherman Luna, Saul Young, Michael Ettlinger, Zeke Hernandez, Hernandez, that’s Organizations: CNN, Republican National Convention, Customs, Trump, Migration, ICE, Bush Presidential, Immigrants, American Action, American Immigration, Pew Research Center, of Homeland Security, Syracuse University, Department of Homeland Security, Migration Policy, MPI, Pew Research, Tennessee, Refugee Rights Coalition, Community, Knoxville News Sentinel, USA, Carsey School of Public, University of New, Taxation, University of Pennsylvania’s Wharton School, Federation for American Immigration Reform Locations: United States, United, Guatemala City, China, Cuba, India, Russia, Venezuela, Mississippi, Tennessee, Morristown , Tennessee, University of New Hampshire
But although the Italian government’s digital nomad visa launched in April 2024, so far there have been few accounts of people securing one. Italy’s digital nomad visa scheme was first announced in 2022 and launched in April 2024. Apart from anything else, she had a full-time job in San Francisco at the time. Although the website warned of a minimum four-month wait time, she saw an available slot at the San Francisco consulate for 10 days later. Despite her travails to get the visa, Waite says it was worth it.
Persons: we’ll, Stanley Tucci, It’s, Chelsea Waite, , Tuscany Chelsea Waite Waite, Waite, Bel, , I’d, Galleria Vittorio Emanuele II, Giuliano Benzin, , it’d, ” Waite, Lisa Mei, she’d, ‘ We’ll, Waite – —, ” Chelsea Waite, Milan –, Milan, I’ve, She’s, she’s “, Simona Sirio, — Waite, don’t Organizations: CNN, intel, Getty, San, Milan Cathedral, Duomo, London, Milan, , Dante Locations: Italy, Italian, lunchbreak, California, San Francisco, Milan, Tuscany, Florence, United States, Galleria Vittorio, Lake Como, London, Como, Greece, Lombardy
Bank of America analysts raised their price target for Nvidia stock to $190 a share this week. They see the AI market growing to $400 billion, giving Nvidia a "generational opportunity." AdvertisementNvidia stock has been on a tear all year, but investors can brace for even more gains ahead, Bank of America analysts say. The analysts point to exponential growth in the AI market in the coming years, which they say will give Nvidia a "generational opportunity" as the chip titan continues to strengthen its lead in the market. Nvidia's stock has skyrocketed this year, up 187% as AI continues to boom after a brief sell-off over the summer.
Persons: , Nvidia's Organizations: of America, Nvidia, Service, Bank of America, Google, Meta, Accenture, ServiceNow, Oracle, Microsoft, Foundry
Earnings next week will be key to where stocks head from here. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report next week. He noted that the S & P 500 is trading at a 40% premium to its long-term P/E ratio, while tech stocks are trading at upwards of 60%. For the Dow Jones Industrial Average and S & P 500 , it's the first such streak going back to December 2023. Meanwhile, the equal-weighted S & P 500 slightly outpaced the market-cap weighted benchmark this week, a bullish signal for sectors such as health care.
Persons: Sam Stovall, Stovall, FactSet's John Butters, Butters, it's, Tesla, Lockheed Martin, Russell, Nelson Yu, Harker Organizations: U.S, CFRA Research, Dow Jones Industrial, Nasdaq, Lockheed, GE Aerospace, Business Machines, General Motors, Verizon Communications, United Parcel Services, Southwest Airlines, Nvidia, Philadelphia Reserve, Chicago, PMI, New, . Kansas City Fed Manufacturing Locations: Independence, Philadelphia, . Kansas
But there has been a surge in actively managed ETFs as investors seek lower costs and more precision, experts say. Active ETFs represented just more than 2% of the U.S. ETF market at the beginning of 2019. There are a few reasons for the active ETF growth, experts say. Still, only a fraction of issuers have been successful in the active ETF market. Active ETFs allow 'tactical adjustments'While passive ETFs replicate an index, such as the S&P 500 , active managers aim to outperform a specific benchmark.
Persons: Morningstar, Stephen Welch, Welch, Jon Ulin Organizations: Getty, Exchange, U.S, Morningstar, U.S . Securities, Exchange Commission, Ulin, Wealth Management Locations: Boca Raton , Florida
The latter appeared to hint at the Germany's waning influence over regional policy — a likely unthinkable notion only a few years ago. "The question is whether German car makers manage to adjust their product portfolios, change their organizations, and ramp up productivity quickly enough to preserve the status and relevance they had for decades." Brand loyaltyNot everyone is as concerned about the outlook for Germany's car industry. Sigrid de Vries, director general of the European Automobile Manufacturers' Association (ACEA), a car lobby group, said she finds it "really hard to believe" that Germany's auto sector is struggling to adapt to the electrification. Stephane Mouchmouche | Afp | Getty ImagesSome hope that this week's Paris Motor Show could prove to be a turning point for Europe's auto industry.
Persons: Julian Stratenschulte, Rico Luman, Robert Habeck, Luman, Chancellor Olaf Scholz, Germany's, Sigrid de Vries, de Vries, ACEA's de Vries, Porte, Stephane Mouchmouche, John Cooper, Julia Poliscanova, Poliscanova Organizations: VW, Getty, Volkswagen, Mercedes, Benz Group, BMW, Union, ICE, ING, CNBC, Federal, Economic Affairs, Emden ., EVs, Reuters, European Automobile Manufacturers ' Association, Paris, Automotive Summit, Porte de, Afp, John Cooper Works Electric, Transport, Environment Locations: Wolfsburg, Germany, China, Emden, German, Berlin, Europe, France, automaking, Paris
Cramer's Lightning Round: Coterra Energy is a buy
  + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Energy Transfer : "It trades with the whole group, and the group is actually trading very, very well...You're in good shape with ET." The bad news is you're up against Amazon...I'm a a believer in Tim, I really hope it works. Coterra Energy : "It can make money even at these levels...I think you buy the stock." I do think that, that when they come back this one will come back faster than all of them." Dover : "I think it's going to be a good quarter...It's in the data center, that's why we like it."
Persons: Tim Wentworth, he's Organizations: Walgreens, Amazon . Locations: I'm, Dover
Grant said stocks could soon enter a period of weak returns, possibly for "many years." AdvertisementThe bull market in stocks looks like it's close to the top, according to an investment chief. AdvertisementSentiment and position indicators are also flashing signs investors are overexcited about the stock market, Grant said. The 3-month moving average of year-ahead stock market expectations has climbed to its highest on record, according to Conference Board data. That suggests there's little "cushion" in the event the stock market declines or experiences a shock, Grant said.
Persons: Michael Grant, Grant, , subpar, Morgan Organizations: Calamos Investments, Service, Conference, Board, Federal, Federal Reserve, Governors, Morgan Research, Bloomberg, Investors
Nvidia could be positioned for even more growth ahead, according to Bank of America. Analyst Vivek Arya reiterated his buy rating on the chip giant and raised his price target by $25 to $190. That would add to the monstrous rally it has already seen this year, with shares surging more than 176% in 2024. Not only that, Arya cited "underappreciated" enterprise partnerships with companies such as Accenture and ServiceNow as catalysts for more growth. The stock advanced around 1% in the premarket on Friday following Arya's price target change.
Persons: Vivek Arya, Jensen Huang, Blackwell, Arya, Nvidia's Organizations: Nvidia, Bank of America, Accenture, ServiceNow, Microsoft, Foundry, Apple Locations: Taiwan
Black conservative radio host Shelley Wynter drew outrage from many when he broke down the Black male electorate in the U.S. into “house African Americans and field African Americans” during an appearance Wednesday on CNN. “This race is between house African Americans and field African Americans, and field African Americans are voting for [Donald] Trump.”During enslavement in the U.S., “house slaves” worked in the main house and generally performed indoor tasks. At the same time, Wynter’s comments highlighted the intensity surrounding the Black male vote and how influential it may be in November. “It just does a disservice to all of us, both as voters and as Black Americans. “There’s nothing that compares to enslavement in the United States or for Black Americans,” he said.
Persons: Shelley Wynter, Wynter, Sarah Sidner, Malcolm X, , Donald, Trump, , Sidner, Michael Blake, Barack Obama, Shelley Wynter Show, Lesley Mac, Mac, Rashawn Ray, ” Dr, ” Wynter, ” Malcolm X, Malcolm, they’re, , ” Mac, Donald Trump, ” Ray, Wynters Organizations: CNN, NBC, “ CNN, Central, Democratic, Republican, Brookings Institute, Black, Brookings, Jets, Giants, Democrat, Trump, Locations: U.S, Atlanta, Brooklyn, America, United States, Black
Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.
Persons: Taylor Swift, Swift, , she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan
I spent a week riding my bike from Pittsburgh to Washington, DC. The road was rough at times, but the people I met made the journey worthwhile. AdvertisementWhen I set out to ride my bike from Pittsburgh to Washington, DC, I wasn't quite sure what to expect. "Bikepacking" — riding a bicycle carrying clothing, food, water, and camping gear and finding places to sleep outside along the journey — is not an easy endeavor. AdvertisementAbout halfway through my ride, I met a lovely woman who was born and raised in Meyersdale.
Persons: , Tara Lerman, Mason, he'd, Bikepacking, Little Orleans , Maryland Tara Lerman, bikepack, I've, I'm Organizations: Service, Facebook, GAP, Chesapeake and, Baltimore and Ohio Railroad, Lake Erie Railroad, Union Railroad, Western Maryland Railway —, Dixon, Mason Locations: Pittsburgh, Washington, DC, Chesapeake and Ohio, Baltimore, Monongahela, Allegheny, Pennsylvania, Alabama, Texas, Maryland, Little Orleans , Maryland, Frostburg , Maryland, Meyersdale , Pennsylvania, Meyersdale
Tobacco product use among middle and high school students has dropped to a 25-year low, the Centers for Disease Control and Prevention and the U.S. Food and Drug Administration announced Thursday. Female students reported the biggest decline in use across the board, and Hispanic students also reported a drop in use of any tobacco product. Evidence-based strategies, including price increases, media campaigns and smoke-free policies, are likely part of what caused tobacco product use to drop, according to the agencies. E-cigarettes continue to be the most used among students who reported tobacco product use, at 5.9%, but nicotine pouches are now the second-most commonly used tobacco product, at 1.8%, followed by cigarettes at 1.4%. Zyn was the most-popular nicotine pouch brand, at 68.7%, compared with the next most-popular brand On at 14.2%.
Persons: We're, Brian King, Deirdre Lawrence Kittner, Zyn, Philip Morris Organizations: Centers for Disease Control, U.S . Food, Drug Administration, CDC, FDA, National Youth Tobacco Survey, FDA's Center for Tobacco Products, Philip, Philip Morris International Locations: New York City, U.S, Colorado
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