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"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.
Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium
Hard-to-handicap geopolitical conflict never helps, even if it rarely serves as the key swing factor in a market trend. .SPX 1Y mountain S & P 500, 1-year And then there was simply the elevated valuation and over-optimistic sentiment that had built up over that five-month, 28% rally that culminated at the end of March. Over the long span of time, about 40% of all 5% market pullbacks deepened into full 10% corrections. A 10%-ish correction from the S & P 500 high of 5254 would pull the index down below 4800, the former record high from early 2022, and so would be a test of the first-quarter breakout. Last week's 3% decline took the index back to Feb 21 and thereby closed the "Nvidia gap," the 100-point S & P 500 pop the day after Nvidia's blowout fourth-quarter earnings report.
Persons: Warren Pies, Jerome Powell Organizations: Nasdaq, 3Fourteen, Nvidia, Big Tech, Treasury, Silicon Valley Bank Locations: Silicon
A deep basin called Sputnik Planitia, which makes up the “left lobe” of the heart, is home to much of Pluto’s nitrogen ice. The New Horizons spacecraft took an image of Pluto's heart on July 14, 2015. Johns Hopkins University Applied Physics Laboratory/Southwest Research Institute/NASAThrough new research on Sputnik Planitia, an international team of scientists has determined that a cataclysmic event created the heart. The teardrop shape of Sputnik Planitia is a result of the frigidity of Pluto’s core, as well as the relatively low velocity of the impact itself, the team found. The researchers believe that the new theory regarding Pluto’s heart could shed more light on how the mysterious dwarf planet formed.
Persons: Clybe Tombaugh, Pluto, it’s, , Harry Ballantyne, Erik Asphaug, ” Asphaug, “ That’s, Sputnik Planitia, Martin Jutzi, Kelsi Singer, ” Singer Organizations: CNN, Regio, Johns Hopkins University Applied Physics Laboratory, Research Institute, NASA, Sputnik, Pluto, University of Bern, University of Arizona’s, Laboratory, University of Bern’s Physics, Kelsi, Southwest Research, New Locations: United States, Switzerland, Boulder , Colorado
The CNN Original Series, “Space Shuttle Columbia: The Final Flight,” uncovers the events that ultimately led to disaster. Miles O'Brien Vincent RicardelI was at the Kennedy Space Center in Florida to cover the launch of the space shuttle, Columbia. Space Shuttle Columbia launches from the Kennedy Space Center in Florida on January 16, 2003. Space Shuttle Columbia launched from the Kennedy Space Center in Florida at 10:39 a.m. NASA Space Shuttle Columbia lifts off from the Kennedy Space Center in Florida on January 16, 2003.
Persons: Miles O’Brien, , Miles O'Brien Vincent Ricardel, Ilan Ramon, Scott Andrews, NASA's, Michael P, Anderson, William C, McCool, Rick D, David M, Brown, Laurel, Kalpana Chawla, Joe Skipper, Karl Ronstrom, Ramon, NASA Chawla, Clark, Chawla, Robert Giroux, Kathryn O'Neill, Zachary, Brett Coomer, Florida Sen, Bill Nelson, Matt Stroshane, Tommy Peltier, Eric Gay, Smiley, Gene Theriot, Sean O'Keefe, George W, Bush, Ron Dittemore, Joe Cavaretta, O'Keefe, Mannie Garcia, NASA Sandy Anderson, Carlos Noriega, Michael L, Coats, Evelyn Husband, Thomas, John Raoux, Glenn Benson, Kim Shiflett, Dave Santucci, , , Heidi Collins, Janeane Garofalo, “ Let’s, would’ve Organizations: PBS, CNN, Space Shuttle Columbia, NASA, Kennedy Space Center, Engineers, Reuters Space Shuttle Columbia, Scott Andrews People, Control Center, Getty, NASA Space, Columbia, Israeli Air Force, Space Shuttle, Red Team, Blue Team, Shuttle Columbia, Space, Johnson Space Center, Former, Houston, Houston Chronicle, People, US Navy Corps, Columbia Reconstruction, NASA Workers, Astronauts Memorial Foundation, Reuters, Bannock, Bannock Junior, Senior, Bannock High School, Johnson Space, Challenger, Shuttle, CNN Center, US Locations: Atlanta and New York, Florida, Columbia, synchronicity, Houston, Israel, SPACEHAB, New York, Laguna Hills , California, Texas, San Augustine , Texas, Washington ,, Shoshone, Fort Hall , Idaho, Iraq, Atlanta, United States, California, Dallas
Goldman Sachs sees opportunities in small-cap stocks — even as the Russell 2000 finishes its worst week since early January. "I do think that you have to be very selective in small caps because things can go down with great velocity," he told CNBC's " Fast Money " on Thursday. "Within the Russell 2000, you have a lot of stuff that you probably don't want to own," he said. Even with the losing week, the Russell 2000 is up almost 2% for the year, as of Friday's market close. "Other financial conditions have eased a bit, which is also helpful for small caps.
Persons: Goldman Sachs, Russell, Greg Tuorto, CNBC's, Tuorto Organizations: Core Equity ETF, Federal Signal Corp, SPX Technologies, Federal Reserve, Nvidia, Innovation Locations: Cava, Cava —
Holly Dresden joined Shopify as head of enterprise merchant success in December after six years with Salesforce Commerce Cloud. Evan AgostiniAs it moves further into enterprise, Shopify hasn't always been subtle about zeroing in on Salesforce as a competitor. It recently launched a webpage comparing its platform with Salesforce Commerce Cloud, encouraging merchants to "join the mass migration" of brands moving from Salesforce to Shopify. But winning over enterprise retailers requires a different approach, and it's one where Salesforce has more years of experience than Shopify. Talking the enterprise talkPoaching employees from Salesforce isn't the only way Shopify has made an effort to win over enterprise customers.
Persons: , Shopify, Kal Stephen, Holly Dresden, Everlane, Marc Benioff, Evan Agostini, hasn't, Michael Affronti, we've, Affronti, Shopify's, Salesforce, We've, It's, Rick Watson, Watson, Demandware, Oppenheimer, Ken Wong, Wong, Harley Finkelstein Organizations: Service, Salesforce Commerce, Business, Salesforce, Adobe, SAP, Mattel, Commerce, RMW Commerce Consulting, Accenture, IDC, Manhattan Associates Locations: Salesforce, Demandware
Seoul, South Korea CNN —North Korea test-fired a presumed intermediate-range ballistic missile on Tuesday, South Korean officials said, its latest military maneuver since leader Kim Jong Un’s New Year declaration that he was ending a policy seeking reconciliation with the South. Pyongyang’s shows of power included long-range artillery and multiple rocket launchers, which pose a threat to the South Korean capital Seoul and other key areas near the border. But Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul, said Tuesday’s suspected missile test by North Korea won’t have much effect on the vote. North Korean Foreign Minister Choe Son Hui last week quashed recent speculation that Kishida could meet with North Korea’s Kim. North Korea “will not allow any attempt of Japan to contact” Pyongyang, he said, according to KCNA.
Persons: Kim Jong, Yoon Suk Yeol, Kim, Yoon’s, Democratic Party –, Yoon, Leif, Eric Easley, ” Easley, Easley, Tuesday’s, Fumio Kishida, Joe Biden, Ferdinand Marcos Jr, Choe Son Hui, North Korea’s Kim, CNN’s Yoonjung Seo Organizations: South Korea CNN, North, South, Korean Central News Agency, CNN, Yoon’s People Power Party, Democratic Party, Ewha Womans University, Assembly, Korean, Philippine, North Korean Foreign, North Korea “ Locations: Seoul, South Korea, North Korea, Pyongyang, United States, North, Japan, Washington, China
AdvertisementWhile Netflix's "3 Body Problem" is a science-fiction show, its name comes from a real math problem that's puzzled scientists since the late 1600s. In physics, the three-body problem refers to the motion of three bodies trapped in each other's gravitational grip — like a three-star system. The three-body problem is over 300 years oldThe three-body problem dates back to Isaac Newton, who published his "Principia" in 1687. Can you solve the three-body problem? Though the three-body problem is considered mathematically unsolvable, there are solutions to specific scenarios.
Persons: Isaac Newton, , that's, Shane Ross, it's, Ross, Newton, Georgios Kollidas, Henri Poincaré, Yu Guming, Tseng, Maria Heras Organizations: Service, Virginia Tech, Netflix Locations: Swedish
CNN —The allision between the container ship MV Dali and the Francis Scott Key Bridge in Baltimore on Tuesday has prompted numerous questions — not only about how this tragedy occurred, but also about our global shipping processes. This marked the start of a campaign by the Houthis, in support of Hamas in their attack on Israel, against global shipping transiting the Red Sea, Bab-el-Mandeb and the Gulf of Aden. Now, two years later, Baltimore is closed with remains of the Key Bridge athwart the main shipping channel. No one agency has oversight of or coordinates global shipping or ports in the US. There is also no overall maritime strategy for the nation, although the US Department of Transportation, Maritime Administration has been tasked to develop one.
Persons: Salvatore R, Mercogliano, Francis Scott Key, , Sal Mercogliano Bennett Scarborough, Dali, , Jennifer Homendy, Transportation Pete Buttigieg, John Garamendi of, Dusty Johnson of Organizations: Campbell University, Shipping, YouTube, CNN, MV Galaxy Leader, Baltimore, Federal Highway Administration, Transportation, Bethlehem Steel, Department of Transportation, Maritime Administration, US Coast Guard, Army Corps of Engineers, Maryland Department of Transportation, US Department of Transportation, Federal Maritime Commission, Democratic, Republican, Dusty Johnson of South Dakota, Ocean Shipping Reform Locations: Baltimore, Asia, Suez, Los Angeles, Long, Yemen, Israel, Bab, Aden, China, Argentina, Largo, Dali, Sparrows, United States, John Garamendi of California, Dusty Johnson of South
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe velocity of momentum in equities is fading, says SoFi's Liz YoungLiz Young, SoFi head of investment strategy, joins 'Closing Bell' to discuss whether the momentum on equities is fading, her thoughts on the rally so far, and more.
Persons: SoFi's Liz Young Liz Young
Jamie Iannone, the CEO of eBay, says the company is using AI to boost efficiency and creativity. After getting this direct feedback, our product teams developed tools powered by AI, including a description generator and an image-based listing flow. eBay is using AI to drive the company forwardeBay has been using AI for years. We also know that happy employees are more productive employees. We take this responsibility very seriously because millions of sellers count on eBay to make them more productive.
Persons: Jamie Iannone, , we've, they'll, We're, We've Organizations: eBay, Service
Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.
Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego
The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.
Persons: , Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America
Elon Musk finally achieved Starship's first successful flight to orbit early Thursday morning. Musk was seen in the launch control room at both previous launches, making his latest absence unusual. AdvertisementElon Musk was nowhere to be seen as SpaceX's Starship mega-rocket finally flew into orbit, cruised above Earth, and plummeted back through the atmosphere on Thursday. Elon Musk sat in the control room watching the first orbital launch of Starship, which exploded about four minutes after liftoff. Starship will make life multiplanetary pic.twitter.com/Ul7ksiAHBZ — Elon Musk (@elonmusk) March 14, 2024By all accounts, this successful launch was a dream come true for Musk.
Persons: Elon Musk, wasn't, Musk, , Kimbal Musk, Elon, multiplanetary, Ul7ksiAHBZ — Elon Organizations: SpaceX, Service, X, SpaceX's South Texas launchpad, Twitter Locations: SpaceX's South Texas, New Jersey
Elon Musk's company launched Starship at about 9:25 a.m. The SpaceX Starship spacecraft lifts off from Starbase in Boca Chica, Texas, on March 14, 2024. Chandan Khanna | AFP | Getty ImagesSpaceX has flown the full Starship rocket system on two tests in the past year, with launches in April and November. The Starship system is designed to be fully reusable and aims to become a new method of flying cargo and people beyond Earth. Starship's staggering sizeThe SpaceX Starship spacecraft lifts off from Starbase in Boca Chica, Texas, on March 14, 2024.
Persons: Elon, Musk, Chandan Khanna, we've Organizations: SpaceX, Elon Musk's, AFP, Getty, Federal Aviation Administration, Afp, Super, FAA, NASA Locations: Boca Chica , Texas, Starbase
Sell Nvidia or stick with it? Here's what experts say
  + stars: | 2024-03-13 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +6 min
Here's what those who currently hold Nvidia shares are doing — or planning to do — with their positions. Sell at least some Some are saying it's time to sell or that they have already sold part of their Nvidia shares. Vahan Janjigian, chief investment officer at U.S.-based Greenwich Wealth Management, says he had a "big position" in Nvidia until recently. Paul Gambles, managing partner of MBMG Family Office Group, told CNBC Pro on Monday that he'd sell Nvidia right now. Stick with it Louis Navellier of Navellier and Associates is still fairly bullish, and says it's definitely not time to sell any Nvidia shares yet.
Persons: it's, Vahan Janjigian, CNBC's, Paul Gambles, Gambles, NVDA, Jordan Cvetanovski, Cvetanovski, I'm, we've, Craig Johnson, Piper Sandler, Louis Navellier Organizations: Nvidia, Greenwich Wealth Management, Trust, VanEck Semiconductor, Family, CNBC Pro, Sydney, Pella Funds Management, Navellier Locations: Pella
Sell Nvidia or stick with it? Here's what investors say
  + stars: | 2024-03-13 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +6 min
Here's what those who currently hold Nvidia shares are doing — or planning to do — with their positions. Sell at least some Some are saying it's time to sell or that they have already sold part of their Nvidia shares. Paul Gambles, managing partner of MBMG Family Office Group, told CNBC Pro on Monday that he'd sell Nvidia right now. Stick with it Louis Navellier of Navellier and Associates is still fairly bullish, and says it's definitely not time to sell any Nvidia shares yet. After Nvidia's selloff, he reiterated his position, saying he has no plans to sell Nvidia.
Persons: it's, Vahan Janjigian, CNBC's, Paul Gambles, Gambles, NVDA, Jordan Cvetanovski, Cvetanovski, I'm, we've, Craig Johnson, Piper Sandler, Louis Navellier, Nvidia's selloff Organizations: Nvidia, Greenwich Wealth Management, Trust, VanEck Semiconductor, Family, CNBC Pro, Sydney, Pella Funds Management, Navellier Locations: Pella, NVDA
Being that gold is priced in U.S. dollars and is very sensitive to moves in interest rates, gold is trading INVERSE to the U.S. dollar. So those macro relationships summed up; Stocks and gold are trading together Stocks and gold are trading inverse to the direction of interest rates and the U.S. dollar. Breaking down the gold chart Turning to the technicals of the gold market, I have some concerning analysis for stock market bulls, myself included. If the gold market does not break out above the highlighted $2356 level we may be setting up for a failure. If so, watch the reaction in the stock market - does it move lower with the failed breakout in gold?
Persons: it's, Elliott, Gordon, GBTC Organizations: U.S ., UUP, U.S
YouTuber JerryRigEverything put Elon Musk's claims that the Cybertruck is bulletproof to the test. AdvertisementThe Cybertruck might not be as bulletproof as Elon Musk has advertised. AdvertisementWhile the truck didn't prove entirely bulletproof, Nelson said he was still impressed by its durability. Since the Cybertruck was first announced in 2019, Musk has hyped up the rugged nature of the truck, claiming the vehicle would be entirely bulletproof. AdvertisementDuring an interview with Joe Rogan in 2023, Musk said that the standard Cybertruck wouldn't have bulletproof glass, but the stainless steel doors would still be thick enough to stop a bullet.
Persons: YouTuber JerryRigEverything, Elon Musk's, , Elon Musk, Zach Nelson, Nelson, InsideEVs, Gun, Tesla, Tommy Gun, Musk, Joe Rogan Organizations: Service, Elon, YouTube, Browning
Jeremy Strong Isn’t Sure He Knows Who He Is
  + stars: | 2024-03-10 | by ( David Marchese | ) www.nytimes.com   time to read: +9 min
Mamadi Doumbouya for The New York Times Talk Jeremy Strong Isn’t Sure He Knows Who He IsFor years, Jeremy Strong was a relatively anonymous, steadily gigging actor. Jeremy Strong and Brian Cox in “Succession.” Craig Blankenhorn/HBOYou know, the quote that comes to mind for me is “Ass, gas or grass. I don’t think I’m someone who particularly has a drum to bang. Don’t know. I don’t know that that show can be put into any box, but it had an incredible amount of humor in it.
Persons: Mamadi Doumbouya, Jeremy Strong, , ” “ Selma ”, Roy, Strong, Kendall Roy, Ibsen’s, , , Forrest Gump, Jeremy, Brian Cox, ” Craig Blankenhorn, Rafe Spall, Hamish Linklater, Steve Carell, Jeffry Griffin, Ryan Gosling, Jaap Buitendijk, I’ll, Ibsen, Robert Ferguson, Ted Hughes, I’ve, you’re, You’ve, Arthur Miller, It’s, Miller, Keats, Michael Imperioli, ” Emilio Madrid Really, I’m, David, Peter Sellers, he’s, Sam Gold, Coward, Barry Lyndon ” Organizations: The New York Times, HBO, Yorker, Paramount, Everett, The, New York Times Locations: , Denmark
The S & P 500 Volatility Index finished the week near 15 and is in a clear three- month uptrend from its mid-December low near 12, even as the S & P 500 has gained 10% since then. In fact, Friday the market minimized the headline damage to a mere two-thirds-percent dip in the S & P 500 through its signature rotational impulse. Some indicators — such as speculators remaining net short S & P 500 futures and brokerage strategists' muted index targets — imply the helpful wall of worry is not quite fully scaled. Since then, the S & P has delivered a 16.7% annualized total return, even after two bear markets and two other severe/prolonged corrections. And the S & P is only up 7% from its high 26 months ago, hardly in thin air.
Persons: what's, Eli Lilly, Martin Marietta, Nick Colas, Scott Chronert Organizations: Federal, Nvidia, Costco, pharma, Martin Marietta Materials, Vulcan, 3Fourteen Research, NYSE, Nasdaq, DataTrek, Citi
"We are initiating coverage of Evolent Health with an Outperform rating and $45 price target." Goldman Sachs downgrades Estee Lauder to neutral from buy Goldman downgraded the stock and said it's under "sizeable pressure." "We are upgrading Annexon (ANNX shares) to Overweight from Neutral and establishing a December 2024 price target of $11." Bank of America reiterates Eli Lilly as buy Bank of America raised its price target on the stock to $1000 per share from $800. "Following 4Q23 earnings we are upgrading GoodRx from Neutral to Overweight and increasing our December 2024 price target from $7 to $10."
Persons: Davidson, Campbell, Morgan Stanley, JD, TD Cowen, Parker, Dell, Goldman Sachs, Goldman, Louise Singlehurst, Tom Ford, Jefferies, Root, AVGO's, Stephens, Vita Coco, COCO, Piper downgrades, Piper, Redburn, Oppenheimer, Daiwa, Morgan Stanley downgrades Flywire, Goldman Sachs downgrades Estee Lauder, Estee Lauder, Dwight, Wells, Eli Lilly, Lilly, D.A Organizations: Apple, Vulcan, Merck, Vertex Pharmaceuticals, Bank of America, Broadcom, York Community Bancorp, Netflix, Micron, Mizuho, MU, Citi, EV, Health, Nvidia, Dwight, Hewlett Packard Enterprises, JPMorgan, biosciences, " Bank of America Locations: York, Davidson, Oshkosh, Minneapolis , MN
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock CFO Amrita Ahuja on Q4 earnings: Our focus now is on growth and product velocityAmrita Ahuja, Block CFO, joins 'Money Movers' to discuss the drivers behind Block's positive guidance, if the guidance is due to better monetization or efficiency steps, and much more.
Persons: Amrita Ahuja, Amrita
It's actually an energy drink company: Monster Beverage . Monster's stock has climbed for decades, along with sales, which have grown consistently for 31 years straight. Between Feb. 14, 1994, and Wednesday, Monster's stock appreciated by about 200,000%. Monster Beverage is a holding company composed of subsidiaries that produce and manufacture drinks including energy, alcohol, teas and coffees. The company attracted the attention of beverage giant Coca-Cola , which entered into a strategic partnership with the company now called Monster Beverage in 2015.
Persons: It's, Rodney Sacks, Hilton Schlosberg, Mark Astrachan, Sacks, Schlosberg, Monster, Nik Modi, Modi, Coke, Monster's, they've Organizations: Monster Beverage, South, Beverage, Energy, Natural Corporation, Capital Markets, Analysts, Nascar
The imminent launch attempt follows closely on the heels of a separate US lunar landing mission that failed in January. After burning through its fuel, the rocket will detach from Odie, leaving the lunar lander to fly solo through space. Houston-based Intuitive Machines developed the Nova-C moon lander under a NASA initiative. Packed on board the lunar lander are six NASA science and technology payloads. The device is set to pop off of the lunar lander as it approaches the surface and capture images of the vehicle’s descent.
Persons: “ Odie, , Odie, NASA’s, Stephen Altemus, NASA Odie, Astrobotic Technology’s Peregrine, Farzin Amzajerdian, Jeff Koons, we’ll, ” Altemus Organizations: CNN, NASA, SpaceX, NASA’s Kennedy Space Center, Payload Services, Langley Research, Embry, Riddle Aeronautical University Locations: Florida, Houston, Russia, Japan, China, India, Hampton , Virginia, Columbia, Daytona Beach , Florida
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