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Baron Durable Advantage Fund, managed by Alex Umansky, is up 136% in five years. It's the Baron Durable Advantage Fund (BDAIX), overseen by one of the firm's star managers, Alex Umansky. It's "the closest thing we have to an all-weather fund," Umansky told Business Insider. When putting a stock in the fund, Umansky said he has so much confidence in the quality and advantages of the business that he intends to hold it forever. The semiconductor producers make up 4.1% and 4.3%, respectively, of the Baron Durable Advantage Fund.
Persons: Alex Umansky, , Ron Baron, Umansky, Baron, weren't, it's, OpenAI, That's Organizations: Broadcom, Taiwan Semiconductor, Meta, Microsoft, Service, Spotify, Business, Nvidia, Growth, Arch, Apollo Global Management Locations: Blackstone
AdvertisementUS financial firms' interest in China was on its last legs, but a new stimulus package has some investors excited again. The immediate impact of China's $114 billion package, which includes cutting interest rates and reducing the amount of money banks need to keep in reserve, has been big. Traders, investors, and speculators have sent China's stock market to its best month in nearly a decade , signaling that the market players think that Beijing's moves are a "bazooka." Our annual list of Wall Street rising stars is here. According to a new report from The Wall Street Journal, executives attempted to woo the AI researcher back before rescinding the offer.
Persons: , Andres Martinez Casares, Alyssa Powell, Linette Lopez isn't, Linette, Jon Hicks, that's, David Tepper, He's, Tepper, Pan Gongsheng, BI's Filip De Mott, Wall, Natalie Ammari, Crypto, Donald Trump, Kamala Harris, Marc Piasecki, Tyler Le, who's, OpenAI execs, Ilya Sutskever, it's, Tara Anand, aren't, Jerome Powell, Ryan Routh, El Chapo, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Traders, Bank of China, bros, Trump, Getty, Houston Chronicle, Hearst Newspapers, Elon, Wall Street Journal, Netflix, Longshoremen's Association, National Association for Business Locations: China, New York, London, Chicago
Like Costco as consumers seek value: Analyst
  + stars: | 2024-09-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLike Costco as consumers seek value: AnalystShelby McFaddin, senior analyst at Motley Fool Asset Management, says customers are in a better place now than they have been for a few years, but continue to look for savings in both staples and discretionary items.
Persons: Shelby McFaddin Organizations: Costco
I liked the idea of doing the same thing, but without the criminal intent: finding those problems and fixing them. This flashy example was made for entertainment, but it still showcased how real criminals use fake profiles, phishing websites, and malware to compromise a person or company. New scams are being developed every dayI see multiple new scams or cyber security problems every day. It's creating better-looking scams, while deepfakes, voice clones, and video filters make it easier to fool people into believing things on the internet. AdvertisementWe're seeing romance scams where scammers are using deepfake video filter tools to pretend to be celebrities, for instance.
Persons: , Laura Kankaala, I've, cybercriminals Organizations: Service, Business, LinkedIn Locations: Finnish, Finland
China's stock market has recently rebounded on the promise of further economic and market stimulus. The measures include cuts to a variety of interest rates , as well as support for China's flagging real estate sector . China's stimulus efforts The Shanghai Composite has rallied sharply in the aftermath of those moves but remains about 50% below its all-time high of nearly 6,000, last seen in 2007. These moves have failed to boost growth or lead to a durable and sustainable stock market rally. The U.S. stock market accounted for roughly 60% of global stock market valuation in 2023.
Persons: David Tepper, Let's, Ron Insana Organizations: Bank, Atlanta, Apple, Microsoft, Nvidia, Amazon, European Union, U.S . Energy, Administration, The, U.S, Olympus, CNBC Locations: United States, China, It's, Shanghai, U.S, Beijing, Europe, Canada, European, The U.S, Russia, Iran, North Korea
Read previewSo far, the generative AI race has been about who can build the most powerful models. Almost two years later, there are so many powerful AI models out there, it's no longer that special. Advertisement'Important but not critical'AWS CEO Matt Garman appears to be fine not having a fancy, home-grown AI model. "It'll be important but not critical," Garman said when asked about the importance of offering a top-performing first-party AI model. AGI teamThis doesn't mean Amazon has given up on building its own powerful AI model.
Persons: , Claude, Meta's, Matt Murphy, Anthropic, Murphy, ChatGPT, Patrick Neighorn, Amazon's, Andy Jassy, Matt Garman, Garman, Matt McIlwain, Brent Thill, Jefferies, Thill Organizations: Service, Google, Business, Microsoft, OpenAI, Gemini, Menlo Ventures, AWS, Intuit, Toyota, New York Stock Exchange, BI, Asia, Madrona Venture Group, Amazon Locations: Europe, Middle East, Africa, Asia Pacific, Japan, North America
An apology thought to be from singer Janet Jackson following a comment repeating misinformation about Vice President Kamala Harris' racial identity wasn't actually made by her or authorized by her team. Elmasri claimed to be Jackson's manager, but representatives for the singer said her brother, Randy Jackson, is her only manager. Jackson told the interviewer that she "heard" Harris was Indian not Black. Jackson continued to push what she had "heard" despite the interviewer explaining Harris' father was a Black man. "Janet respects Harris’ dual heritage as both Black and Indian and apologizes for any confusion caused," his statement said.
Persons: Janet Jackson, Kamala Harris, wasn't, Mo Elmasri, Elmasri, Randy Jackson, Harris, Jackson, ” Jackson, , BuzzFeed, Janet, Randy, Donald Trump, Joe Biden's, Trump Organizations: NBC News, Guardian, Variety, National Association of Black Journalists, Howard University, Alpha Kappa Alpha, Congressional Black Caucus Locations: Indian, Jamaican, United States
The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. To get an iris code, you have to recombine all of those pieces.
Persons: Sam Altman's, Worldcoin, It's, Damien Kieran, Elon Musk, Kieran, they're, it's, Alex, Sam Altman Organizations: Service, Business, Companies, Humanity, Twitter, Google Locations: Germany, France, Kenya
But if you don't have the best pumpkin carving tools, the end result probably won't be what you'd hoped for. We researched dozens of pumpkin carving tools to find ones that are durable, practical, and useful for specific carving needs. AdvertisementOur top picks for the best pumpkin carving kitsBest overall: Elmchee Halloween 13-Piece Professional Kit - See at AmazonBest budget: The Ultimate Pumpkin Carving Kit - See at AmazonBest for detail work: Augsen Wood Carving Knife Set - See at AmazonBest with molds: Fenvella Pumpkin Carving Kit - See at AmazonAdvertisementBest overallElmchee Halloween 13-Piece Professional Kit No matter what style of pumpkin carving you'd like to try, the Elmchee Halloween 13-Piece Professional Kit has the tools that you'll need. AdvertisementBest budgetFunWorld Ultimate Pumpkin Carving Kit With all the pumpkin carving basics included, the Ultimate Pumpkin Carving Kit's real appeal is its price Check price at Amazon What we like Check mark icon A check mark. AdvertisementBest with moldsFenvella Pumpkin Carving Kit The Fenvella Pumpkin Carving kit includes 21 stainless steel stencils for fool-proof designs.
Persons: you'll, you've Organizations: Business, Amazon
The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. The one person that can access that information is the owner of the world ID — the user.
Persons: Sam Altman's, Worldcoin, It's, Damien Kieran, Elon Musk, Kieran, they're, it's, Alex, Sam Altman Organizations: Service, Business, Companies, Humanity, Twitter, Google Locations: Germany, France, Kenya
The revelations about Ryan Wesley Routh emerged Monday, a day after a Secret Service agent rousted him from a hiding place at the West Palm Beach, Florida, golf course where Trump had been playing. Trump was on the fifth fairway and not in Routh’s line of sight when the agent “engaged” the suspect, said Ronald Rowe, acting director of the Secret Service. In 2002, court records show, Routh was convicted of illegally possessing a machine gun. Court records for a person named Ryan Routh also show a 2003 divorce, along with multiple civil judgments after contractors and individuals sued a roofing company he helped run. Routh disparaged Trump as a “fool” and a “buffoon,” but he credited him for reaching out to North Korean leader Kim Jong Un.
Persons: Donald Trump, Ryan Wesley Routh, rousted, Trump, Sheriff’s, Routh, , Ronald Rowe, Paul G, Martin, Martin County Sheriff William Snyder, Ryan Routh, Valentyn Ogirenko, unruffled, , ” Routh, Thomas Matthew Crooks, Kim Mungo, Mungo, Sen, Bernie Sanders, Joe Biden, Sleepy Joe, Routh bristled, Kim Jong Un, Biden “ Organizations: Service, Rogers Federal Court House, FBI, Trump, Sheriff’s, Martin County Sheriff, NBC News, Reuters, Global Citizen, Golf Club, Nissan, Twitter, Democratic, Commission, Democrat, Republican, NBC, Newsweek Romania, International Legion, Defense, Russia Locations: Ukraine, Palm Beach , Florida, West Palm Beach, Martin, Martin County, Mariupol, Hawaii, Iran, Taiwan, Afghanistan, North Korea, U.S, Butler , Pennsylvania, Honolulu, Greensboro , North Carolina, Greensboro, Russia, Kyiv
Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.
Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs
In one tweet, Routh wrote that “I would like to invite you to Hawaii for vacation. Newsweek Romania journalist Remus Cernea, one of the people listed on the website, told CNN he met Routh in Kyiv’s Maidan Square in June 2022. Tracy Fulk, a Greensboro police officer at the time, told CNN that the incident started when she pulled Routh over for a traffic stop. Audrey McAvoy/APA Hawaiian man who gave Routh’s company a bad review on Facebook told CNN he was unsettled by Routh’s response to the criticism. “We must push forward with logical leadership that supports the ones that wish to accomplish great things,” Routh wrote in one post.
Persons: Donald Trump, Ryan Wesley Routh, Joe Biden, , Ukraine ”, Volodymyr Zelensky, Routh, hadn’t, Biden, Zelensky, Ryan Routh's, Trump, Routh’s, , , Tulsi Gabbard, Beto O’Rourke, Tom Steyer, Elizabeth Warren, Andrew Yang, Joe, hillary, ” Routh, Kim Jong Un, ” Zelensky, Routh’s fiancée, Kathleen Shaffer, Shaffer, Efrem, Semafor, Oleksandr Shaguri, ” Michael Wasiura, ” Wasiura, ” Evelyn Aschenbrenner, Aschenbrenner, ” Aschenbrenner, Ryan O’Leary, ” O’Leary, Remus Cernea, Cernea, it’s, ” Cernea, barricading, Tracy Fulk, Fulk, ” Fulk, didn’t, ” Ryan Routh's, Audrey McAvoy, Saili Levi, Levi, you’re, ” Levi, Ryan Routh ”, Nelli Black, Benjamin Brown, Scott Glover, Lex Harvey, Winter, Rob Kuznia, Kyung Lah, Daniel Medina, Gianluca Mezzofiore, Rob Picheta, Puy Kamp, Sabrina Shulman, Teele Rebane, Adam Renton, Jessie Yeung Organizations: CNN, Twitter, Trump, Martin County Sheriff’s, Martin County Sheriff's, Facebook, Service, Republican, X, Machine, Commission, Democratic, North, “ WE, New York Times, Ukraine’s Land Forces Command, Legion, country’s International, Army National Guard, Global Citizen, Taiwan, Taiwan Foreign Legion, Newsweek Romania, Greensboro, Sheriff’s Office, Guilford County North Carolina Sheriff’s, Honolulu Star, Star, Advertiser, Honolulu, roosters Locations: Ukraine, Hawaii, Afghanistan, Ukrainian, Honolulu, Oahu, Florida, Martin County, Russia, Zelensky, American, Kyiv’s, Kyiv, Taiwan, North Korea, China, Kyiv’s Maidan, North Carolina, Greensboro, Guilford, Guilford County North Carolina, Kaʻaʻawa, Oahu Island, Oran, Majlie
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Home Depot , our newest Club holding, stands out as the "single best" play for this rate cut environment, Jim Cramer said Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Jim, Eaton, Ming Chi, Kuo, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Depot, Club, Home Depot, Citi, Apple, Apple Intelligence, Colgate, Palmolive, Coca, Simon Property Group
Routh became animated when writing about Trump, and he frequently weighed in on US and global current events on social media. He even commented on the first assassination attempt on Trump, when the former president was wounded by a gunshot during a rally in Pennsylvania in July. According to Cernea, Routh described Russian President Vladimir Putin’s invasion of Ukraine as a “black and white… good versus evil” conflict. Hawaiian business owner Saili Levi told CNN he had paid Routh $3,800 up front to build a trailer for his business. Levi said when he asked Routh to improve the work via email, Routh ranted at him.
Persons: CNN — Ryan Wesley Routh, Donald Trump, Routh, Trump, Ryan Wesley Routh, , , ” Routh, Joe Biden, Kamala Harris, “ Trump, Ryan Routh, , Oleksandr Shaguri, Remus Cernea, it’s, ” Cernea, Cernea, Vladimir Putin’s, “ Putin, ” Oran, Saili Levi, Levi, Routh ranted, you’re, ” Levi Organizations: CNN, US Secret Service, LinkedIn, Honolulu Star, Democratic, Trump, Global Citizen, Independence, Ukraine, Foreigners, Department, Land Forces Command, Legion, Newsweek Romania, AFP, Russia Locations: Ukraine, Taiwan, North Korea, Kyiv, Hawaii, Honolulu, North Carolina, Afghanistan, Iran, Tehran, Moscow, Pennsylvania, Ukrainian, Mariupol, Kyiv’s, United States, Oran, Florida
Monday, September 16, 2024: Cramer says selling this mega-cap tech stock has proven to be a fool's gameJim and Jeff discuss the analyst calls for this industrial stock. They also talk about weak demand for this mega-cap stock's product. Finally, they break down this semiconductor stock's stock moves and earnings.
Persons: Cramer, Jim, Jeff
The week before, Broadcom had allegedly disappointed, causing Nvidia , the inevitable key to this market, to continue its descent. Which brings me back to the initial concept of the big declining week followed by the big advancing week. A good week for Kamala Harris turns out to be a big week for Nextracker — and that's really it for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Larry Ellison, Ellison, Cerner, Ellison's, Eaton, Jensen, Bing, Microsoft's Bing, underinvesting, Huang, Blackwell, Dupont, Kamala Harris, Nextracker, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Nasdaq, Federal, Broadcom, Nvidia, Oracle, Marvell, Meta, Microsoft, Google, mightily, Street, Fed, Dreamforce, downer, Adobe, JPMorgan, Healthcare, pharma, Jim Cramer's Charitable, CNBC Locations: Silicon Valley, San Francisco
Merritt's death is accidental in the bookMeghann Fahy as Merritt Monaco in "The Perfect Couple." Jack Reynor as Thomas Winbury, Dakota Fanning as Abby Winbury in "The Perfect Couple." The bride-to-be is called Celeste, not AmeliaEve Hewson as Amelia Sacks in "The Perfect Couple." Greer's scandalous past has been invented for the showNicole Kidman as Greer Winbury in "The Perfect Couple." Will, the youngest brother, doesn't exist in the bookSam Nivola as Will Winbury in "The Perfect Couple."
Persons: , Amelia Sacks, Eve Hewson, Benji Winbury, Billy Howle, Merritt Monaco, Meghann Fahy, Greer Garrison Winbury, Nicole Kidman, Liev Schreiber, Elin Hilderbrand's, Jenna Lamia, Susanne Bier, Hilary Bronwyn Gayle, Lamia, Dakota Fanning, Thomas, Jack Reynor, Abby, Merritt, It's, ingests, Thomas Winbury, Abby Winbury, that's, Greer, Celeste, Amelia Eve Hewson, Celeste Otis, Netflix's, Kidman, That's, Isabel Nallet, Featherleigh Dale, Shooter Dival, Nikki Henry, Donna Lynne Champlin, Greer Winbury, Broderick Graham, Tommy Flanagan, doesn't, Sam Nivola, Will Winbury, Liam Daniel, Winbury, Will, Abby wouldn't, Amelia Organizations: Service, Business, Netflix, London Zoo Locations: Nantucket, British
None other than the legendary Larry Ellison, founder of the enterprise software company that is Oracle , said it on Monday. That investment by Google and that lack of investment by Microsoft may be two sides of one of the most pivotal decisions in history. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017.
Persons: Larry Ellison, Ellison, Eaton —, Microsoft's Bing, Bing, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Oracle, Club, Microsoft, Nvidia, Broadcom, Devices, Google, Justice Department, DOJ, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: San Francisco
New York CNN —Chipotle is already getting into the Halloween spirit. The fast-casual chain announced a costume collection with Spirit Halloween Wednesday, the seasonal Halloween costume store that pops up every year in abandoned storefronts. Two years ago, it posted a fake “Chipotle Fork” bodysuit with the caption “Found ur costume.” Then last year, another fake “Chipotle Napkin” costume showed up on its Instagram. The Chipotle Fork costume, for example, is just a plain black, polyester bodysuit. “Our popular Halloween tradition, Boorito, began with a burrito-themed costume contest and now we’re taking it to the next level with the launch of our first-ever costume collection in collaboration with Spirit Halloween,” said Chris Brandt, chief brand officer at Chipotle in a statement.
Persons: New York CNN — Chipotle, Chipotle, , Chris Brandt, Brian Niccol, Taco, Scott Boatwright Organizations: New, New York CNN, Burt’s, Retailers, Taco Bell Locations: New York, Canada, Chicago, Denver, Egg Harbor Township, N.J, Los Angeles
Donald Trump welcomed Robert F. Kennedy Jr. onstage during his rally in Arizona on Friday night, saying the independent ran an "extraordinary campaign" hours after Kennedy endorsed the former president. Kennedy’s father, Robert F. Kennedy Jr., and uncle, former President John F. Kennedy, were both assassinated. The alliance between the Trump and Kennedy marks a new phase in their relationship after years of criticizing each other. "It’s not that I’m not going to vote for Trump for being Trump," said Brimacombe. Casey Westerman, a Trump voter in 2016 and 2020 who was going to back Kennedy in November, now plans to support Trump.
Persons: Donald Trump, Robert F, Kennedy Jr, Kennedy, Trump, Kennedy’s, John F, that's, Trump’s, they're, Bruce Brimacombe, Bobby, he’s, I’ll, Casey Westerman Organizations: Trump, Newsweek, NBC News, Chandler Locations: Arizona, Glendale, Phoenix, Democratic, Scottsdale
U.S. economy far from the 'worst-case scenario,' analyst says
  + stars: | 2024-08-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. economy far from the 'worst-case scenario,' analyst saysShelby McFaddin, senior analyst at Motley Fool Asset Management, weighs in on the state of the U.S. economy and the outlook for consumers.
Persons: Shelby McFaddin Organizations: U.S Locations: U.S
With the peak summer travel season winding down, it's time for National Cheap Flight Day. "There's no specific day where flights are going to be at their cheapest," Katy Nastro, a travel expert at Going, tells CNBC Make. Instead, Nastro says that the best time to book air travel will always be in relation to when you're planning on flying. Here are three travel expert-approved tips for National Cheap Flights Day. They're watching data, they're watching traveler behavior and they're mapping out these pockets where they can be super competitive," she says.
Persons: Katy Nastro, That's, Nastro, it's, Gemma Jamieson, Skyscanner's, we're Organizations: CNBC, Google, Airlines
This digital ad posted by Republican Senate candidate Dave McCormick in Pennsylvania, about a week before Biden eventually dropped his bid, was the blueprint. Almost immediately, Democrats saw a surge of support — mostly from disillusioned Democratic voters. As of this writing, it’s now Republicans in battleground states and districts who are begging their nominee to change course. As for the GOP, Trump and his allies have done everything they can to mold the GOP in Trump’s image, and anyone who doesn’t share that view has essentially been purged. Of course, the real challenge for both Republicans will be figuring out how to navigate Trump’s appearances in their respective states.
Persons: Joe Biden, Biden, ” Biden, , Dave McCormick, Democratic Sen, Bob Casey’s, Kamala Harris, it’s, Donald Trump isn’t, Trump, Vivek Ramaswamy, Donald Trump, Harris, Ramaswamy, Hillary Clinton, Nikki Haley, wouldn’t, they’d, , Sen, Pat Toomey, Toomey, McCormick, Brian Kemp, Larry Hogan, Domenici, Sherrod Brown, Clinton, I’d, Mike Rogers, can’t Organizations: Democrats, CBS News, Democratic, Republican, Senate, Trump, GOP, NPR, Republican Party, Biden, Republicans, White, Democratic Party, Republican Gov, Rogers Locations: Pennsylvania, Georgia, Maryland, New Mexico, Ohio, Trump, Michigan
We found one long-slot toaster represented the best value and the best toasting performance: the Breville "A Bit More" Toaster. Breville 'A Bit More' Long Slot Toaster The Breville “A Bit More” Long Slot Toaster is a modern and thoughtfully designed, high-performance appliance with easy cleanup and user-friendly controls. Check price at Amazon Check price at Crate & Barrel Check price at Williams Sonoma What we like Check mark icon A check mark. AdvertisementCons to considerIf you're in the market for a top-quality slot toaster, it's hard to find any criticisms of the Breville "A Bit More" Toaster. Taylor Tobin/Business InsiderBetween its remarkably even toasting abilities, modern design, and helpful special features, the Breville "A Bit More" Toaster represents the absolute best of the slot toaster field.
Persons: who's, thoughtfully, you'll, Taylor Tobin, There's Organizations: Business, Amazon, Williams
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