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☆ The Fed is losing control
▼ + stars: | 2023-10-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Financial markets currently see a nearly 99% chance the Fed will continue to pause rate increases in November, according to the CME FedWatch Tool. That means the Fed may not need to continue aggressively raising rates to bring spending — and inflation — down. A spokesperson from the United Food and Commercial Workers International Union told CNN that they support the organizers planning a walkout and protests. In a statement to CNN, Walgreens said about 20 stores out of about 9,000 had “disruptions over three days,” Oct. 9-11. Walgreens walkout organizers told CNN that their tally is much higher, with about 600 employees participating.

Persons: New York CNN —, Jerome Powell, Joe Brusuelas, That’s, Powell, ”, ” Johns, Laurence Ball, Shane Jerominski, Tim Wentworth, ” Kim Kardashian, Skims, Kim Kardashian, undershirts Organizations: CNN Business, Bell, New York CNN, Federal, Fed, Economic, of New, RSM, Financial, Treasury, Reserve, ” Johns Hopkins, “, Walgreens, Workers, CNN, United Food, Commercial Workers International Union, SEIU, United Healthcare Workers West, Organizers Locations: New York, of New York, Friday’s

☆ Kim Kardashian is making Skims for men
▼ + stars: | 2023-10-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Skims, the underwear and apparel brand founded by Kim Kardashian, is hoping to attract new customers: men. The four-year-old shapewear brand is expanding beyond female clothing and into men’s products, with a new lineup launching Thursday that includes briefs, undershirts, boxers and leggings. Skims also said that men already account for more than 10% of its existing customer base. Skims’ successSkims has been a major success story for Kardashian with the privately held company recently valued at a whopping $4 billion. Jens Grede, Skims’ CEO, recently told Dealbook that stock investors have shown an increased interest in consumer-oriented businesses like Skims, and that an IPO is something the company wants.

Persons: New York CNN — Skims, Kim Kardashian, undershirts, San Francisco 49ers Nick Bosa, SKIMS, Skims, ”, Kardashian, Nick Bosa, Neymar Jr, Shai Gilgeous, Alexander, Andy Muir, Jens Grede, Grede, “ Skims, ” Kardashian, CNN’s Poppy Harlow, Harlow, “ Organizations: New, New York CNN, San Francisco 49ers, CNN, NBA, Wellington Management, Nike, Wall, SKYY Partners Locations: New York, shapewear

☆ Kim Kardashian's $4 billion Skims empire is selling body-hugging boxers and briefs to men
▼ + stars: | 2023-10-23 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Kim Kardashian's Skims is adding men's products like boxers and briefs to its online store this week. AdvertisementAdvertisementKim Kardashian's shapewear brand Skims is launching a menswear collection. This includes a range of men's products such as boxers, briefs, t-shirts, undershirts, tank tops, and leggings, and will be available to shop online from Thursday. Kardashian told The Wall Street Journal that Skims shoppers have been requesting men's products for their boyfriends and husbands for some time. Skims was valued at $4 billion in July after a $270 million funding round.

Persons: Kim Kardashian's, Skims, —, Kardashian, Emma, Jens Grede, SKIMS, Neymar Jr, Shai Gilgeous, Alexander, Nick Bosa, Kardashian's, Tom Brady's, Brady, Gredes Organizations: Service, Wall Street, NFL

☆ Meet the Gredes: The fashion powerhouse couple behind billionaire celebrity brands like Skims and Brady
▼ + stars: | 2023-10-21 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +1 min

Emma and Jens Grede are the power couple behind celebrity brands like Skims and Brady. The European couple has co-founded seven brands between them. AdvertisementAdvertisementBehind the glitz and glamor of celebrity apparel brands like Skims , Good American, and Brady , there's a powerhouse couple with a resume and investment portfolio worth millions. Emma and Jens Grede are founders, investors, and tastemakers in the fashion industry with connections from London to Hollywood. The European couple has co-founded seven brands between them.

Persons: Emma, Jens Grede, They've, Kardashian, Jenner, —, Brady, there's, Kim Kardashian's, that's, Lauren Sherman, Kylie Jenner Organizations: Service Locations: Brady, London, Hollywood

☆ Why Victoria’s Secret is bringing sexy back
▼ + stars: | 2023-10-17 | by ( Cathaleen Chen | ) edition.cnn.com time to read: +6 min

But in a presentation to investors in New York last week, it was clear which version of the brand Victoria’s Secret executives see as its future. Courtesy Victoria's Secret“Sexiness can be inclusive,” said Greg Unis, brand president of Victoria’s Secret and Pink, the company’s sub-brand targeting younger consumers. Within Pink, Victoria’s Secret will focus on improving the assortment of fleeces, sweatpants, tracksuits and other casual pieces. Adriana Lima became one of the faces of Victoria's Secret in 1999 and still features in many of it's campaigns. How Victoria’s Secret ventures into apparel will be conservative in manner, he said, and will follow a test-and-learn approach.

Persons: Megan Rapinoe, Valentina Sampaio, Paloma Elsesser, Carlijn Jacobs, Hailey Bieber, Emily Ratajkowski, Heidi Klum, Adriana Lima, Ali Tate, Cutler, Naomi Osaka, ”, Greg Unis, we’re, everyone’s, it’s, Martin Waters, Waters, activewear, Unis, Naomi Campbell, Albert Gilkey, Kim Kardashian, We’ve, ” Waters Organizations: Business of Fashion, CNN CNN, Tennis, Ariela, Associates, Pink, CNN Locations: New York, North America

☆ Donald Trump and Kim Kardashian weren't rich enough to make Forbes' list of the richest Americans
▼ + stars: | 2023-10-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

To make Forbes' 2023 list of the 400 richest Americans, you needed a net worth of $2.9 billion. Forbes' released its annual ranking of the 400 richest Americans on Tuesday, and Trump didn't make the cut. Kardashian, the wealthiest member of the Kardashian-Jenner family with a net worth of $1.7 billion, also didn't make the list. In business, Tim Cook and Sheryl Sandberg, each with an estimated net worth of $1.8 billion, both missed the cut. The top 20 richest Americans are richer than ever before, collectively worth $1.9 trillion, according to Forbes.

Persons: Forbes, didn't, Donald Trump, Oprah Winfrey, Evan Spiegel, —, Kim Kardashian, Tim Cook, Sheryl Sandberg, Trump, Kardashian, Jenner, Jay, LeBron James, Oprah didn't, Charles Munger, Ted Turner, Reid Hoffman, Marc Andreessen, Elon Musk Organizations: Service, Trump, Apple, Forbes, Berkshire Hathaway's, CNN Locations: New York

☆ What We Lose When We Loosen Dress Codes
▼ + stars: | 2023-09-22 | by ( Rhonda Garelick | More About Rhonda Garelick | ) www.nytimes.com time to read: +2 min

Responses to the Senate majority leader Chuck Schumer’s new relaxation of Senate dress codes have so far fallen along partisan lines: Republicans have been deploring it as a lapse in decorum and order. “Most if not all Republican senators think we ought to dress up to go to work,” Mitch McConnell said. How we dress telegraphs intricate messages to those around us, as well as to ourselves — messages we receive and interpret constantly, consciously or not. There is no such thing as “total freedom” of dress, only different registers of meaning, which are entirely context dependent. Men’s suits say “we are heads, not bodies.”

Persons: Chuck Schumer’s, ” Mitch McConnell, Mitt Romney, Marjorie Taylor Greene, Tina Smith, John Fetterman, “, ” Organizations: Democrats, Democratic, “, Republicans, MSNBC

☆ Victoria's Secret is getting slammed by Skims fans online. They're accusing the brand of ripping off Kim Kardashian's campaign.
▼ + stars: | 2023-08-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

Victoria's Secret launched a new campaign with supermodels Gisele Bündchen, Adriana Lima, and Candice Swanepoel. Their photos in Victoria's Secret catalogs made them household names — the brand even dubbed them "Angels" to further cement their place as modeling royalty. Critics on social media pointed out that the new Victoria's Secret campaign looks eerily similar, even down to the name: It's called "The Icon" while Kardashian's was "Icons." Swanepoel posted about her return to modeling for Victoria's Secret in an Instagram post. "What a wonderful sense of belonging to come home to my VS family for this Iconic campaign!"

Persons: supermodels Gisele Bündchen, Adriana Lima, Candice Swanepoel, Secret, Kim Kardashian, Gisele Bündchen, Kim Kardashian's, Kardashian, Skims, Swanepoel, Tyra Banks, Heidi Klum, Alessandra Ambrosio —, Kardashian's, Mikael Jansson, SKIMS, —, Blakely Thornton, Ryan Reynolds, Pelton, Justin Long, Ed Razek, Naomi Campbell, Adut Akech, Hailey Bieber, Paloma Elsesser, Sui, Emily Ratajkowski Organizations: Service, Victoria, New York Times Locations: Wall, Silicon

☆ Kim Kardashian reveals she broke her shoulder
▼ + stars: | 2023-08-08 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Kim Kardashian is on the mend. The SKIMS creator revealed this week that she had broken her shoulder, but that she is doing better now. “I broke my shoulder and tore the tendon so I’ve been out of the gym for a few weeks but I’m back!” she said in a recent Instagram Story on her verified account. In the story Kardashian was with her trainer, Melissa Alcantara, who was helping her with a recovery workout. In May, Kardashian appeared on the “On Purpose with Jay Shetty” podcast, where she stressed the importance of her workouts.

Persons: CNN — Kim Kardashian, “, I’ve, Kardashian, Melissa Alcantara, ” Kardashian, “ Nothing’s, Jay Shetty, Kanye West Organizations: CNN Locations: Miami, Saint, Chicago

☆ The history of Skims: Kim Kardashian's wildly popular $4 billion shapewear line
▼ + stars: | 2023-07-21 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +1 min

Skims, the shapewear brand that Kim Kardashian owns, is worth $4 billion. The company became popular through influencer marketing and Kardashian's social-media expertise. One of her companies, the shapewear brand Skims, just raised a $270 million funding round that valued the brand at $4 billion, The New York Times reported. She also launched the beauty-and-fragrance brand KKW, the skincare brand SKKN, and the private-equity firm SKKY Partners. For the uninitiated, here's how Skims became the most revolutionary thing to happen to shapewear since Spanx.

Persons: Kim Kardashian, Skims Organizations: Service, New York Times, SKKY Partners Locations: Wall, Silicon

☆ Kim Kardashian's Skims may be the hero the IPO market needs
▼ + stars: | 2023-07-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

This latest round was led by Wellington Management, a firm known for taking companies public. Jens Grede, Skim’s CEO, recently told Dealbook that stock investors have shown an increased interest in consumer-oriented businesses like Skims and that an IPO is something the company wants. “At some point in the future, Skims deserves to be a public company,” he said. If a Skims IPO were to succeed, “companies, CFOs and investors in general will see this as a very positive sign,” said Sokhi. Netflix posted nearly $8.19 billion in revenue for the quarter, compared to the $8.3 billion Wall Street had projected.

Persons: Kim Kardashian, Goldman Sachs, ”, David Solomon, Ro Sokhi, Cava, “ There’s, Skims, Andy Muir, Jens Grede, Megan Penick, Robinson, Kardashian, we’re, “, ” Adam Hodge, Volodymyr Zelensky, Russia “, Tesla, Chris Isidore, Refinitiv, Clare Duffy, Samantha Delouya Organizations: CNN Business, Bell, New York CNN, Wellington Management, Nike, US National Security Council, Russian Defense Ministry, Wednesday, Netflix Locations: New York, Cava, Skims, Russia, Ukraine, Europe, Odesa’s

☆ Kim Kardashian’s Skims Is Now Worth $4 Billion
▼ + stars: | 2023-07-19 | by ( Michael J. De La Merced | More About Michael J. De La Merced | ) www.nytimes.com time to read: 1 min

Four years into its existence, Skims, the apparel company co-founded by Kim Kardashian, has become a unicorn four times over. Skims has raised $270 million in a new funding round that values it at $4 billion, the company plans to announce on Wednesday. That’s up from the $3.2 billion valuation investors gave the company last year. Ms. Kardashian and her business partner, Jens Grede, have sought to turn Skims into the next big apparel brand. “It has grown quickly and we’re so proud of that,” Ms. Kardashian said in an interview.

Persons: Kim Kardashian, Skims, That’s, Ms, Kardashian, Jens Grede, “ We’ve, ”

July 12 (Reuters) - Investment firm Wellington Management is in talks to lead a new funding round for Skims, which could value the underwear clothing company owned by Kim Kardashian at about $4 billion valuation, according to people familiar with the matter. Skims and Wellington did not respond to comment requests. Women's Wear Daily reported on the Skims funding round earlier on Wednesday without naming Wellington. Other investors included D1 Capital Partners, as well as existing investors Thrive Capital, Imaginary Ventures and Alliance Consumer Growth. Kardashian is also actively raising funds for her new private equity firm SKKY Partners, which focuses on consumer and media investments.

Persons: Kim Kardashian, Skims, Kardashian, Carlyle, Jay Sammons, Abigail Summerville, Krystal Hu, Diane Craft Organizations: Investment, Wellington Management, Wellington, Lone Pine Capital, D1 Capital Partners, Imaginary Ventures, Alliance Consumer, SKKY Partners, Thomson Locations: Wellington, Boston, Lone, New York, Austin

☆ Kim Kardashian’s $3.2 billion Skims brand started in her bathtub: I’d dye my own shapewear ‘with tea bags and coffee’
▼ + stars: | 2023-07-01 | by ( Megan Sauer | ) www.cnbc.com time to read: 1 min

Kim Kardashian has spent her career on camera and red carpets, but the origins of her shapewear company Skims are far less glamorous. For years, the reality star hunted for undergarments to match her skin tone, but most brands only sold products in one or two shades. She'd spend the moments before high-profile events scrambling, trying to dye her own clothing darker with home remedies. "I used to take my shapewear and dye it with tea bags and coffee in the bathtub," Kardashian, 42, told Time magazine in a recent interview. The company built a brand around inclusivity: It sells bras, underwear, dresses and more in 10 skin tones and a broad variety of sizes.

Persons: Kim Kardashian, Kardashian, Jens, Emma Grede

☆ Tampa’s ‘Litter Skimmer’ Trash Boat Tackles a Growing Problem
▼ + stars: | 2023-06-14 | by ( Rebecca Carballo | ) www.nytimes.com time to read: +1 min

As plastics accumulate in rivers and bays, localities across the country are seeking creative, affordable solutions to keep their waterways clean. Many have turned to “trash skimmers,” boats that are designed to remove litter. As far back as the 1950s, scientists have been warning that marine life was getting stuck in discarded fishing gear and other types of plastic waste. Since then, consumption of single-use plastics has risen to the point where tens of millions of tons of plastic enter Earth’s oceans each year. Over the years, plastics have harmed local ecosystems and disrupted storm water management, leading to flooding.

Persons: Alexis Black Organizations: Tampa’s Department, Solid, Environmental, Management Locations: Tampa, Fla

☆ Trump's defenders have launched a plan months in the making that ignores the substance of the indictment while attacking the credibility of federal prosecutors
▼ + stars: | 2023-06-10 | by ( Associated Press | ) www.businessinsider.com time to read: +9 min

Supporters of Trump in Congress have now launched a plan months in the making to discredit federal prosecutors. McCarthy called it a "grave injustice" and said that House Republicans "will hold this brazen weaponization of power accountable." "God bless President Trump." As special counsel Jack Smith was preparing this week to release the indictment, Trump's allies on Capitol Hill were working overtime to prepare the defense of the former president. Jordan issued a series of letters to the Justice Department, demanding documents related to his investigation into Trump's handling of classified records.

Persons: —, Donald Trump's, skims, Joe Biden —, Kevin McCarthy, Trump, McCarthy, Biden, Department's, Biden's, Hunter Biden, Jim Jordan of, Andy Biggs, Chuck Schumer, Hakeem Jeffries, Jamie Raskin, Alvin Bragg, Jordan, Jack Smith, Trump's, John Durham, General Merrick Garland, Garland, Steven D'Antuono, Nancy Mace, Donald Trump, James, Republican Sen, Ted Cruz, Cruz's, Mitch McConnell, Mitt Romney, Romney Organizations: Trump, Service, Justice Department, Department, Republican, Republicans, FBI, Twitter, GOP, America, Department of Justice, Democratic, Capitol, Ohio Republican, Washington Field Office, South Carolina, CNN, ABC Locations: Congress, Florida, United States of America, Jim Jordan of Ohio, Arizona, New York, Russia, York, Manhattan, Bragg's New York, Trump's, Lago, Georgia, Washington, Texas, Utah

☆ PGA Tour, European Tour and LIV announce merger
▼ + stars: | 2023-06-06 | by ( Frank Pingue | ) www.reuters.com time to read: +4 min

Additionally, the three organizations said in a joint news release that they will work cooperatively to allow a process for any LIV Golf players to reapply for PGA Tour and DP World Tour membership following the 2023 season. "After two years of disruption and distraction, this is a historic day for the game we all know and love," PGA Tour Commissioner Jay Monahan said in a joint news release. "We are proud to partner with the PGA Tour to leverage PIF's unparalleled success and track record of unlocking value and bringing innovation and global best practices to business and sectors worldwide." The PGA Tour had sought to fend off competition from LIV by barring PGA Tour players from participating in LIV tournaments. Some PGA Tour players took to Twitter to express their surprise having not been informed of the agreement before its announcement.

Persons: Hideki Matsuyama, Mike Segar, LIV, Jay Monahan, Yasir Al, Tour's Monahan, Phil Mickelson, Dustin Johnson, Brooks Koepka, Cameron Smith, Mickelson, Collin Morikawa, Mackenzie Hughes, we’d, Donald Trump, LIV Golf's, Liv Golf, Frank Pingue, Alex Richardson, Christian Organizations: Golf, Tour, LIV, Saudi Arabia Public Investment Fund, Public Investment Fund, PGA, Al, Rumayyan, Justice Department, Fame, Twitter, Liv, Thomson Locations: Augusta , Georgia, U.S, Saudi, Collin Morikawa ., Toronto

☆ Can Kim Kardashian save private equity?
▼ + stars: | 2023-06-06 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

SuperReturn conference gets underway at a time of challenges for private equity. Kim Kardashian joins Harvey Schwartz, Orlando Bravo, and other leaders in speaking at the conference. The uncertainty has made it more difficult for both private equity and venture capital firms to raise money for their funds. Those are bold-faced names in Wall Street's world, but they can't compete with the star power of another conference speaker: Kim Kardashian. It remains to be seen if private equity can keep up.

Persons: Kim Kardashian, Harvey Schwartz, Orlando Bravo, Kardashian, dealmaking, there's, Carlyle's Harvey Schwartz, David Rubenstein, Julian Salisbury, Goldman Sachs, Robert Smith, Orlando Bravo of Thoma, Bennett Goodman, Jay Sammons, Rubenstein, It's, Sammons, Dre Organizations: equity's, Private, SuperReturn International, Vista Equity Partners, Orlando Bravo of Thoma Bravo, SKKY Partners, Bloomberg, Financial Locations: Berlin

☆ Kim Kardashian says parenting her four children is 'the best chaos'
▼ + stars: | 2023-05-21 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Kim Kardashian is a business mogul, lawyer in training and reality TV star – but says her most challenging, and rewarding, job is being a mom. “Everyone says the days are long and the years are short, and that couldn’t be a more true statement,” Kardashian said. “Especially when they’re babies and you’re feeding and there’s madness going on.”“It’s the best chaos though,” she added. They wed in 2014, in a lavish European ceremony, before Kardashian filed for divorce in 2021. “It is the most challenging, rewarding job on this planet,” she said.

☆ Charm gets $53 million to turn corn leftovers into oil and inject it into abandoned oil and gas wells
▼ + stars: | 2023-05-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

The 112,000 tons of carbon dioxide that Charm will remove is more than ten times the total quantity of carbon dioxide that has been removed so far with human techniques. "It's sort of a brilliant, but accidental, discovery," Reinhardt told CNBC. "It's a little it's a little odd or unusual, but uniquely American, in that we're basically pumping barbecue sauce into old oil and gas wells," Reinhardt told CNBC. There are about 2 million abandoned oil and gas wells in the U.S., and owner-operators are eager to find another use for them, Reinhardt told CNBC. We will run out of waste biomass long before we before we exhaust the subsurface capacity," Reinhardt told CNBC.

☆ For Gen Z, Playing an Influencer on TikTok Comes Naturally
▼ + stars: | 2023-05-17 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

Rachel Aaron, a 24-year-old who works in public relations in New York, recently dressed up for a work event at Bloomingdale’s. In the era of “get ready with me” videos on TikTok, it was a golden opportunity to create content. Ms. Aaron, who has just 3,300 followers on TikTok, filmed herself chatting to the camera while selecting a black Skims dress, a blazer and a belt. Her post garnered a few hundred views and some favorable comments like “Slay mamas.”Ms. Aaron is not a major social media star, nor is she a celebrity. Among the links is her Poshmark page, where she resells her clothing.

☆ Would You Include Skims in Your Wedding?
▼ + stars: | 2023-05-15 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

Kim Kardashian’s shapewear brand Skims has developed a cult following for its everyday basics and intimates and its neutral color palette — so much so that it has inspired a subgenre of “Skims dupes and alternatives.” Customer favorites include a form-fitting maxi lounge dress that drapes down the body. Last week, Skims expanded into bridal with 63 styles of dresses, lingerie, shapewear and loungewear, with some of its best sellers updated in white, baby blue and pink. At first glance, a shapewear brand expanding into bridal may seem random, but it’s a common move for many intimates brands. Savage X Fenty and Victoria’s Secret, two of Skims’s competitors, both have bridal shops. “Everything is white and ivory and lacy, and it’s their time to wear these pieces in those colors,” she said.

☆ Lululemon, cult athleisure brand, takes on the booming culture of 'dupes'
▼ + stars: | 2023-05-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

This weekend, athleisure giant lululemon is hosting a dupe swap at the Century City Mall in Los Angeles. Call it recession-core or Gen Z’s anti-consumerism sentiments, but #dupe has amassed more than 3.5 billion views on TikTok. Before, finding knock offs was a lowkey way to way to find affinity to a luxury brand. Lulu has been “hyper aware” of dupe culture, its Chief Brand Officer Nikki Neuburger said in an interview with CNN Business. Though lululemon may be leading in dupe hashtags on TikTok, the Align line that began in 2015 remains its top seller, the company said.

The staff at the hospital have been working around the clock since the fighting started in Sudan. “The biggest challenge facing medical staff trying to reach hospitals is the lack of safe passages. One video shows a doctor stitching a wound cutting through the calf of a woman. In another, the medical staff are slumped over a patient with a gaping wound in the upper thigh. “Hospitals of Sudan are under fire, medical supplies have almost run out, medical staff is exhausted.

☆ Kim Kardashian reveals the ‘magic’ of her success to CNN’s Poppy Harlow
▼ + stars: | 2023-04-25 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Just a few years ago, Kim Kardashian was dyeing her own shapewear in a sink with teabags. Skims is valued at a reported $3.2 billion and was named one of Time’s most influential companies for 2023. Kim Kardashian and Poppy Harlow speak onstage at the 2023 Time 100 Summit. Jemal Countess/Getty Images for TIMEKardashian told Harlow that she “absolutely” trusts her gut over data when it comes to finding companies for SKYY to invest in. As she gets older, the 42-year-old Kardashian realizes she now has the luxury of choosing people she wants to surround herself with.

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