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A crucial catalyst for shares of Club holding Wells Fargo may be around the corner, according to one Wall Street firm. Bank of America also raised its price target on Wells Fargo to $84 a share from $75, and reiterated its buy rating on the stock. Bottom line We've long called out the asset cap removal as a big catalyst for Wells Fargo — and it's been central to our overall investment thesis for the stock. That's because once these restrictions are lifted, Wells Fargo can finally grow its balance sheet past that nearly $2 trillion threshold again. Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City.
Persons: Wells, Donald Trump, Morgan Stanley, Jim Cramer, Charlie Scharf's, Scharf, it's, Jim Cramer's, Jim, Michael M Organizations: Bank of America, Federal Reserve, Bank, Wells Fargo, Bloomberg News, CNBC, Broadway, Santiago, Getty Locations: Wells, Wells Fargo, Wells Fargo —, New York City
Across the country Tuesday, counties moved toward Trump by a median of 3.1 percentage points compared to the 2020 election. But in the top 10% of counties ranked most difficult for buying a home, the median shift was 4.5 percentage points. In Passaic County, New Jersey, with a population of more than 500,000, voters flipped for Trump by nearly 19 percentage points. Nearby in Pennsylvania, Northampton County — which narrowly tipped red with a shift of 3 percentage points — has a similar story. But not all high-challenge housing counties swung toward Trump.
Persons: Donald Trump, Trump, wasn’t, , Robert Shapiro, Harris, ” Shapiro, It’s, , Bernard Fraga, Fraga, Joe Biden, ” Fraga, Organizations: NBC, Trump, Republicans, Columbia University, “ Voters, Democratic, Emory University Locations: Arizona, Georgia, North Carolina, Pennsylvania, Passaic County , New Jersey, America, In Passaic, Northampton County —, Northampton, Mesa County, Mesa,
Bitcoin hits $80,000. Why Trump is boosting crypto
  + stars: | 2024-11-10 | by ( David Goldman | ) edition.cnn.com   time to read: +2 min
After briefly touching the $80,000 milestone, bitcoin was trading just below it Sunday mid-morning. The crypto industry believes Trump’s victory is a bullish sign for bitcoin and other digital currencies. Although Trump was once a bitcoin skeptic, once saying it “was based on thin air,” he has fully embraced crypto in recent months — unlike the Biden administration, which has sought to rein in crypto. A big reason Trump has changed his tune on crypto: He now has a financial stake in it. In September, Trump and his children started a new crypto business called World Liberty Financial.
Persons: CNN — Bitcoin, Donald Trump, Bitcoin, Trump, , ” Trump, , Biden, Gary Gensler, ” Gensler’s, Sam Bankman, Gensler, Gensler’s, cryptocurrencies, Elon Musk Organizations: CNN, Biden, Liberty, . Securities, Exchange, ” Gensler’s SEC, SEC, Department of Justice, cryptocurrencies Locations: USA
To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.
Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks
What’s open and closed on Veterans Day 2024
  + stars: | 2024-11-10 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +1 min
New York CNN —Veterans Day honors active and former US service members annually on November 11, the anniversary of the end of World War I. Here’s what’s open and closed on Veterans Day 2024. The New York Stock Exchange and Nasdaq will be trading on Veterans Day. Postal servicesUPS will be operating as normal on Veterans Day. Make sure to double-check if your local services are open that day.
Organizations: New, New York CNN, Veterans, Retail, Target, Walmart, Kroger, Costco, Roadhouse, Bank of America, Citibank, Bank, Federal, The New York Stock Exchange, Nasdaq, UPS, Veterans Day, FedEx, FedEx Express Locations: New York, Wells Fargo
Conyers residents Kisha and Akeno Reid say they have suffered ongoing symptoms since the BioLab fire more than a month ago. Rockdale County issued a shelter-in-place advisory for 90,000 residents, and about 17,000 residents had to evacuate. Peter Zay/Anadolu/Getty Images/FileAbout 15,000 students from Rockdale County Public Schools couldn’t go to school for three weeks and had to learn remotely. The announcement came the same day Rockdale County lifted its nightly shelter-in-place advisory, which lasted for weeks. “The damage is already done.”Like other residents, Smith worries about her property value plummeting and possible long-term hazards to her family.
Persons: , Kisha Reid, she’s, haven’t, Akeno, won’t, it’s, Akeno Reid, Holly Yan, , Reid, , Mr, Brandy, Conner, Darryl Brown, Alicia, Curtis Compton, Hurricane Laura, Bryan Vasser, Vasser, ” Vasser, they’re, , Kisha Reid Conner, Hydroxyzine, he’s, “ I’m, ” BioLab, BioLab, Conyers, “ That’s, ” Weeks, Peter Zay, Rockdale County Public Schools couldn’t, Terry Oatts, Reid’s, Ms, ” Ms, KIK, ” Conner, Christine Smith, Smith, ” Smith, defecating, ” Christine Smith, CNN Smith, Weeks Organizations: Georgia CNN, ” CNN, CNN, US Chemical Safety, Hazard Investigation, , Atlanta –, for Disease Control, Prevention, CDC’s Agency, Toxic Substances, Disease Registry, Environmental Protection Agency, EPA, Air, Agency, Getty, Rockdale County Public Schools, KIK Consumer Products, Distribution, U.S . Chemical Safety Board Locations: Conyers, Georgia, Kisha, , BioLab, Richfield, Rockdale, Rockdale County, Westlake , Louisiana, Hurricane, Atlanta, Conyers , Georgia, Conyers ’, Anadolu, Texas, Cairo
October saw Russia hit with its highest average daily casualties since the war in Ukraine began, a UK offical said. The UK's Chief of Defence Staff said Russia suffered around 1,500 killed or injured each day. Thousands of North Korean troops are now bolstering Russian President Vladimir Putin's forces. Russian forces were bolstered by the arrival of thousands of North Korean soldiers in October, Western officials have said. AdvertisementReports of Ukrainian and North Korean troops' first clashes in Russia's Kursk region emerged earlier this week.
Persons: offical, Vladimir Putin's, , Tony Radakin, Laura Kuenssberg, Mark Rutte, Vladimir Putin, Kim Jong, Gavriil, Kuenssberg, Radakin, Alexandra Prokopenko, Prokopenko, Donald Trump's Organizations: Defence Staff, Service, Ukraine's Ministry of Defense, General Staff, Ukrainian Armed Forces, NATO, North, AFP, Carnegie Russia Eurasia Center, Financial Locations: Russia, Ukraine, Russia's Kursk, Russian, Europe
That’s a lot of damage – but it’s only a small fraction of what climate change has cost people around the world. A new report is flashing a warning signal about climate change and natural disasters, finding that their total economic damage has skyrocketed into the trillions. “Just as the global financial crisis was met with a swift and concerted response from world leaders, we need governments to understand that the economic impact of climate change necessitates a response of similar speed and decisiveness,” said John W.H. Trump has promised to undo climate regulations in the country, including rolling back pollution limits on tailpipes and power plants. Separate data released last week by Europe’s Copernicus Climate Change Service confirms that the world will likely surpass a grim milestone this year: 2024 is likely to be the hottest year on record.
Persons: Hurricane Helene, Hurricane, , John W.H, Denton AO, Donald Trump, Trump, ” Denton, Europe’s Copernicus Organizations: CNN, International Chamber of Commerce, United Nations, ICC Locations: Hurricane, Hurricane Milton, CoreLogic, Azerbaijan, Paris
Americans are doom spending
  + stars: | 2024-11-10 | by ( Erika Tulfo | ) edition.cnn.com   time to read: +7 min
While this kind of catharsis might work to temporarily allay worries, experts say doom spending poses a danger to consumers’ long-term financial health. Joe Raedle/Getty ImagesThat financial gloom is powering doom spending and, in turn, driving up credit card debt. Beyond the economy, experts say that internet habits play a significant role in driving doom spending, especially for younger consumers. But Alev says that she anticipates a pop in spending whether Americans feel positively or negatively about the outcome of the election. How do you curb doom spending?
Persons: , Gen, “ We’re, Courtney Alev, , Alev, Donald Trump, Trump, Kamala Harris, , Sertan Kabadayi, Joe Raedle, Bankrate, Aja Evans, ’ ” Evans, hasn’t, ” Alev, Jeff Roberson, Biden, Evans Organizations: CNN, Wheaton College senior, YouTube, Credit, Gallup, Fordham University’s Gabelli School of Business, Federal, Federal Reserve Bank of Philadelphia, Finance, Brookings Institution Locations: Massachusetts, Miami , Florida, West Palm Beach , Florida
The president-elect promised on the campaign trail to cut taxes on Social Security benefits in his second term. For some baby boomers, lower Social Security taxes could mean larger monthly checks in the short-term. But experts predict that the Social Security tax cuts, along with other campaign promises made by Trump, could quickly drain the national Social Security fund. More than 72 million Americans receive Social Security and the estimated average monthly check is $1,907 a month, per the Social Security Administration. Social Security tax cuts would hurt low-income retirees, younger generationsUS Social Security will be depleted in the next decade without Congressional action.
Persons: Trump, , Donald Trump, Taylor Lee, Lee Organizations: Social Security, Service, Social, White, Fox, Belmont Capital Advisors, Trump's Social, Social Security Administration, Security, Federal Budget, Congressional, Congress, Republican, Trump Locations: Belmont
Insider Today: Preparing for Trump 2.0
  + stars: | 2024-11-10 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Preparing for 47Donald Trump, now the 2024 president-elect, never really stopped running for office after losing the 2020 election. Treasury yields also finished the week higher, as investors bet that a Trump White House will drive inflation. Also read:Risky businessGetty Images; iStock; Natalie Ammari/BIThere's no such thing as free lunch — or in one investor's case, free dinner. The great American shoplifting spreeGetty Images; Jenny Chang-Rodriguez/BIRegular Americans are shoplifting everything from tape measures to blocks of cheese.
Persons: , Andrew Yeung, that's, Donald Trump's, Donald Trump, Evan Vucci, Stocks, Bitcoin, Tesla, Steve Madden, Trump's, Goldman's, David Solomon Jeenah Moon, Goldman Sachs, David Solomon, It's, Andy Jassy, Carter Smith, Chelsea Jia Feng, Jassy, Natalie Ammari, Jenny Chang, Rodriguez, Trump, — Goldman Sachs Organizations: Business, Service, Google, AP, Trump White House, Airbus, Bloomberg, Getty, Getty Images, Amazon, BI Locations: Silicon Valley, China
Lending money to a friend or family member can put a strain on the relationship if you're not careful. Often, close friends or family members may be aware of the things you're spending money on, like clothes or vacations, and make judgements about what you can or can't afford. But it's important to remind yourself that no one knows your money better than you, Evans says. Give what you can affordDirectly saying no when a friend or family member asks for money can be hard, especially if you've loaned them money in the past. Say a friend asks to borrow $100, but you know giving them the full amount would significantly impact your budget.
Persons: Aja Evans, Evans, you've Organizations: CNBC
That's largely due to anxiety about higher costs of living, especially in retirement, experts told BI. Many high-income Americans are hoarding cash and trying to cut costs anywhere they can. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Cost-of-living stressThe pace of inflation has cooled significantly, but many Americans—even wealthy ones—are still dismayed that many costs are still higher overall. AdvertisementExperts, though, say oversaving could hurt Americans trying to build wealth in the long run.
Persons: That's, , spender, she's, I've, oversavers, Kitty Ritchie, Ted Rossman, Ritchie, he's Organizations: Service, of America, Drucker Wealth Management, Companies, Challenger, Michigan Locations: Michigan, America
In his last term, Trump paused some work visa programs used by tech firms to hire skilled talent. This order left many tech workers stranded outside of the US in 2017. The H-1B visa program is the nation's largest temporary work visa program, with over 600,000 workers across 50,000 employers. Vice President-elect JD Vance has a venture capital background, and Musk is an immigrant himself who has said he was on an H1-B visa previously. Shin Yi Chong, who received her H1-B visa in 2019, was recently laid off from her tech job as a product manager.
Persons: Donald Trump's, Trump, , Donald Trump, Michael Greeley, What's, Hiba Mona Anver, Anver, Jenny Fielding, Biden, Palo, Sophie Alcorn, Anna Rathbun, Aaron Levie, Elon Musk, Levie, Elon, Alcorn, JD Vance, Anna Moneymaker, Chris Farmer, Vance, Musk, Shin Yi Chong, Shubhangi Goel, Riddhi Kanetkar Organizations: Service, Flare Capital Partners, Trump, Ventures, Hire, Experts, Business Locations: Cleveland, It's
Here are eight top places to invest, based on insights from seven market strategists. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician won the presidential election. Traders are convinced that the bulk of Trump's economic policies, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher. AdvertisementThe world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing.
Persons: Donald Trump's, , Donald Trump, David Bahnsen, Kamala Harris, Jeff Schulze, John Maynard Keynes, Anthony Saglimbene, Keynes, Schulze, Saglimbene, Jim Baird, Plante, Sébastien, Rowe Price, Page, Sean Gallagher, Gallagher, Ameriprise, Bahnsen, Jim Thorne, who's, Thorne, Trump Organizations: Investors, Service, Business, Street Global Advisors, ClearBridge Investments, Trump, Financial, Tech, Federal Trade Commission Locations: Trump's, ClearBridge, Canada, Wellington, Altus
But the one person who has loomed over it all and has exerted a great deal of influence is Elon Musk, according to multiple sources. Trump put the call on speaker, and Zelensky thanked Musk for his help providing communications to Ukraine through the billionaire’s Starlink internet service. As of mid-October, Musk had donated nearly $119 million to a political action committee he set up to support Trump, according to Federal Election Commission filings. The day after the election, investors sent shares of Tesla up nearly 15%. That lifted the value of the 411 million shares that Musk owns outright by more than $15 billion and marked a two-year high for Tesla shares as a whole.
Persons: Donald Trump’s Mar, Elon, Trump, he’s, Musk, Volodymyr Zelensky, Zelensky, Sen, Rick Scott, Howard Lutnick, Cantor Fitzgerald, helms, CNN’s Tara John, Victoria Butenko, Nic Robertson, Kristen Holmes, Jeremy Herb, Kayla Tausche, Evan Perez, Chris Isidore, Jack Forrest Organizations: CNN, Trump, SpaceX, Tesla, Mar, GOP, Florida Republican Locations: Palm Beach , Florida, Ukraine, Florida
Defense tech startups are anticipating growth under Trump's second term. AdvertisementSome leaders in the defense tech industry, including Anduril cofounder Palmer Luckey, think that defense tech startups are poised for success during president-elect Donald Trump's second term. Over the last decade, Silicon Valley has made waves in the defense tech industry. Some of the defense tech industry's optimism for Trump's victory lies in SpaceX founder Elon Musk's proximity to the president-elect and his vice president, JD Vance, Forbes reported. Luckey told Bloomberg that Musk has "outperformed every reasonable expectation."
Persons: Palmer Luckey's Anduril, Elon Musk's, Vance, , Palmer Luckey, Donald Trump's, Luckey, Anduril, Biden, Elon, JD Vance, Forbes, Nathan Mintz, Musk, it's, Donald Trump, Brian Schimf Organizations: Defense, Trump, Service, Meta, Teledyne, Defense Department, Bloomberg, SpaceX, Elon, Forbes, Republican, United Locations: United States
WASHINGTON — As a candidate, Donald Trump promised to relieve consumers of high interest rates. Trump repeatedly said during the campaign that he would bring down interest rates without elaborating on how. He has suggested the president should have a say in determining rates set by the Federal Reserve and publicly berated the central bank and its chairman, Jerome Powell, for not lowering rates sooner. Trump has no direct control over the interest rates set by the Federal Reserve, which is determined by a committee that includes seven members appointed to 14-year terms along with five regional Reserve Bank presidents. “There aren’t a lot of policies that the president has at his disposal that can really lower rates,” said McLaughlin.
Persons: Donald Trump, Trump, Jerome Powell, , Kent Smetters, , isn’t, Ralph McLaughlin, McLaughlin, Powell, Xi Jinping, ” Powell, he’s, ” Trump, reappoint Powell, Scott Bessent, Barron’s, Bessent Organizations: WASHINGTON, Federal Reserve, United, University of Pennsylvania Wharton School, Federal, Realtor.com, Reserve Bank, Fed’s, Governors, Twitter, Trump, Chicago Economic, Senate, Republicans, Fed Locations: United States, America, U.S, China
As president, Trump repeatedly came under fire from ethics groups for potential conflicts of interest relating to his businesses and brands. A source familiar with the process acknowledged that details are still being worked out with the Biden administration regarding the ethics agreement, which is required by law under the Presidential Transition Act and which applies to all members of the transition team. Updates to that bill requiring the ethics pledge were introduced by Trump ally Sen. Ron Johnson, a Wisconsin Republican, and signed into law by Trump himself in March 2020. The Trump team ignored a pair of key preelection deadlines to unlock transition activities with the Biden administration’s General Services Administration and the White House. The ethics agreement was also due by October 1.
Persons: Donald Trump, Biden, Trump, Trump’s, Sen, Ron Johnson, Valerie Smith Boyd, Boyd, Max Stier, Joe Biden’s, Stier, ” Stier, , Jeff Zients, Howard Lutnick, Linda McMahon, Jamie Raskin, ” Raskin, George W, Al Gore’s, CNN’s Arlette Saenz, Fredreka Schouten Organizations: CNN, Trump, Wisconsin Republican, Truth, Biden, Services Administration, White, GSA, Center, Public Service, Public, , Vance Locations: Wisconsin, Maryland, Florida
"Its monetized crypto offering is significantly more robust than traditional retail brokerage peers, with over 15 tokens available to trade," the analyst wrote of Robinhood. Still, Moley's $30 price target on Robinhood is only a fraction above where the stock closed Thursday. Moley's $250 price target implies that CME stock could add another 13% over the next 12 months. Moley's $35 price target is nearly 5% higher than where the stock closed on Thursday. Shares of Cboe have added 12% this year, trailing the broader market, and Moley's $220 price target implies an additional 9% upside.
Persons: Trump, Piper Sandler, Cryptocurrency, bitcoin, Patrick Moley, Moley, HOOD Organizations: CME Group, CME, BTC, ETH, Virtu, Derivatives, Clearing Locations: U.S
She and her partner live in Montana in separate homes. My partner and I have been together for six years and live apart. Related storiesI was still prioritizing myself, even when we started datingOur relationship started off pretty casual. Our relationship started off privateWe also kept our relationship private at first. My partner and I may live together one day, but nothing is solidified.
Persons: Joanna Dahlseid, , I'm, we'll, they'd, LAT, We've, We'd Organizations: Service Locations: Montana, Missoula, We're
My ex and I broke up but continued living together because I couldn't afford to move out. A year later, we are still roommates after setting some boundaries and saving money. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Like most of my friends, she's still puzzled about why I live with my ex even though we broke up. Related Video How a 'hoarder's house' is deep cleanedAfter three years of dating, we broke up to pursue our own interests.
Persons: , she's, I've, we'd, We've, we've, We'd Organizations: Service Locations: Nairobi
Hurricane Helene affected at least 48,000 acres of pecan trees, according to UGA. The overall economic impact of Hurricane Helene on Georgia’s entire agriculture industry is estimated at $6.46 billion, according to UGA. Hurricane Helene was also crippling for farmers in Georgia because it hit just six years after Hurricane Michael, Wells said. ‘Not… a single pecan’Moses said the damage from Hurricane Helene means she and her husband “will not harvest a single pecan” this season. At the Moses pecan farm, Taylor Moses said she and her husband have had long, emotional conversations about whether to replant their pecan trees.
Persons: CNN — Taylor Moses, Hurricane Helene, Moses, Arren, ” Moses, , you’ve, it’s, Helene, Lenny Wells, Wells . Hurricane Helene, Hurricane Michael, Wells, Michael, ” Wells, Tyler Harper, Harper, , Moses pecan, Georgia Department of Agriculture Chris Harrell, Harrell, , ’ Moses, Greg Fonsah, Brad Rubin, ” Rubin, Laura Shenkar, Shenkar, ” Shenkar, Taylor Moses Organizations: CNN, Department of Agriculture, UGA, Hurricane, Georgia’s, Agriculture, Georgia Department of Agriculture, Southern Roots Nuts, Southern Roots, Wells, Food Institute Locations: Georgia, ” Georgia, , Hurricane, Wells . Hurricane, Uvalda , Georgia, New Mexico
While many tech VCs are optimistic about Trump's second term, some healthcare investors feel stuck. AdvertisementThe lower corporate taxes and deregulation a second Trump term could promise are already amplifying public market optimism. She could be removed as the FTC's head early in Trump's second term — and with relaxed M&A regulations, "anything is possible," said What If Ventures founder Stephen Hays. SOPA Images/Contributor/Getty ImagesMedicaid could also be targeted in Trump's second term. A boon for healthcare AI and Medicare AdvantageTrump's victory could have a positive impact on several big areas of healthcare investment.
Persons: , Donald Trump's, Trump, He's, he'll, Robert F, Kennedy Jr, Trump's, Michael Greeley, Rebecca Noble, Tesla, JP Morgan Chase, Maven, Omada, Sean Duffy, Lina Khan, Stephen Hays, James Leynse, VCs, Carli Sapir, Jordan Nof, Greeley, Shiv Rao, Kennedy Jr's, Chrissy Farr, Phelps, Phillips, Farr Organizations: Trump, Service, Food and Drug Administration, Centers for Disease Control, Biden, Flare Capital Partners, Getty, Healthcare, Health, Cigna, Humana . Bloomberg, Federal Trade Commission, Investors, Business, Amboy Street Ventures, Tusk Venture, Senate, Affordable, Coalition for Health, Mayo Clinic, Johns Hopkins, Microsoft, Alignment Healthcare, Scrub Locations: Trump's Florida, Tuesday's, Trump's, Boston, America
AdvertisementThe closure of a Kmart store in Bridgehampton, New York, in October marked the end of an era for the iconic chain. Now, just one Kmart store remains in the mainland US, tucked away inside an At Home store in southwest Miami. "We see this in things such as Kmart hacks," where creators showcase how they use Kmart products in novel ways to help in their everyday lives, Lloyd-Wallis said. A race to the bottomSo far, Kmart Australia has weathered the e-commerce storm, in part thanks to the geographical challenges companies like Amazon face in Australia. It seems, then, that Kmart Australia could find itself in a price race to the bottom.
Persons: , Gary Mortimer, Mortimer, They've, Ian Bailey, it's, Bailey, we've, Anastasia Lloyd, Wallis, news.com.au, Roy Morgan, Laura Demasi, Roy Morgan's Organizations: Kmart, Service, Walmart, Target, Kmart Group, Queensland University of Technology, National Retail Federation, Kmart Australia, Getty, Retail Doctor Group, Lloyd, Amazon Australia Locations: Australia, Bridgehampton , New York, Miami, Australian, Melbourne, New Zealand, Target Australia, Canada, Singapore, Philippines, Sydney, Kmart Australia
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