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☆ Singapore’s wealth boom hits most sensitive phase
▼ + stars: | 2023-09-06 | by ( Anshuman Daga | ) www.reuters.com time to read: +5 min

REUTERS/Edgar Su Acquire Licensing RightsSINGAPORE, Sept 6 (Reuters Breakingviews) - Singapore’s wealth boom may be set for a pause. The amount involved has almost doubled and banks, realtors and jewellery dealers have been caught up in the ring. It is the most eye-catching saga since 2015 when Singapore’s banks were involved in the 1MDB Malaysian sovereign fund mess. As Singapore’s success as a financial centre grows, so too does its vulnerability to dirty money. A thornier problem is Singapore’s desire to avoid perceptions it is capitalising on the troubles of China, its top trade partner.

Persons: Edgar Su, Una Galani, Katrina Hamlin, Pranav Kiran Organizations: REUTERS, Rights, Reuters, realtors, DBS, Deutsche Bank, Bloomberg, Reuters Graphics Reuters, Monetary Authority of, U.S, Police, Thomson Locations: Marina Bay, Singapore, Rights SINGAPORE, China, Malaysian, Hong Kong, Monetary Authority of Singapore

☆ Injuries make the NFL a brutal sport. But the violence is partly why fans love it
▼ + stars: | 2023-09-06 | by ( Leah Asmelash | ) edition.cnn.com time to read: +11 min

And because of what he now knows about football injuries, NFL players don’t seem so superhuman anymore. And as another NFL season kicks off this week, these questions haven’t gone away. Long-term degenerative brain diseases such as CTE and Parkinson’s have become huge concerns for football players and their families. “This is one reason why NFL fans can cheer for the most violent-looking tackles imaginable – because they are allowed in the game. “Football fans are like, ‘I love the physicality, but I’m certainly not going to put my child into that,” Wann says.

Persons: Josh Houtz’s, Houtz, ” Houtz, “, Tua Tagovailoa’s, haven’t, Daewood Davis, New England Patriots ’ Isaiah Bolden, John Wolford, Bolden, Davis, ”, Daniel Wann, Arthur Raney, ” Raney, ” Lamarcus Joyner, Steph Chambers, Raney, Wann, ’, ’ Sarah Bowman, She’s, ” Bowman, I’m, ” Wann, Tua Tagovailoa, Jeff Dean, you’ve, they’re, Damar Hamlin, it’s, Bowman, didn’t, he’d Organizations: CNN, Miami Dolphins, NFL, Dolphins, Jacksonville Jaguars, New England Patriots, Tampa Bay Buccaneers, isn’t, UFC, Murray State University, University at Buffalo, New York Jets, Seattle Seahawks, Murray State, Football, Amazon Prime, “ Football, Cincinnati Bengals, season’s Dolphins, Buffalo Bills Locations: Pennsylvania, Seattle, Boone , North Carolina, Cincinnati

☆ Mahomes looks to author Chiefs' dynasty, Rodgers hopes to revive Jets
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +3 min

Aug 26, 2023; Kansas City, Missouri, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) walks on field against the Cleveland Browns prior to a game at GEHA Field at Arrowhead Stadium. With Mahomes at the helm of a show-stopping Chiefs offense that also features tight-end extraordinaire Travis Kelce, Kansas City are favoured to become only the ninth franchise to repeat as Super Bowl champions. They have a really good team. Payton is no stranger to such a tall task after having helped rejuvenate the New Orleans Saints, leading them to nine postseason appearances, seven division titles and the team's lone Super Bowl during the 2009 campaign. This season will also see the NFL play five games in Europe, three in London and two in Frankfurt, Germany.

Persons: Patrick Mahomes, Denny, Tom Brady, Aaron Rodgers, extraordinaire Travis Kelce, Vince Lombardi, Rodgers, Brady, SiriusXM's Let's, Aaron's, he's, Josh Allen, Damar Hamlin, Hamlin, Jalen, Sean Payton, Payton, Frank Pingue, Christian Radnedge Organizations: Kansas City Chiefs, Cleveland Browns, Arrowhead, NFL, New York Jets, Super Bowl, Chiefs, Detroit Lions, Bowl, Packers, Jets, Buffalo Bills, New England Patriots, Tampa Bay Buccaneers, Bills, AFC East, Cincinnati Bengals, Philadelphia Eagles, Denver Broncos, New, New Orleans Saints, Thomson Locations: Kansas City , Missouri, USA, extraordinaire Travis Kelce , Kansas City, Las Vegas, New York, Green Bay, New Orleans, Europe, London, Frankfurt, Germany, Toronto

☆ SoftBank’s reduced Arm price tag is still too high
▼ + stars: | 2023-09-05 | by ( Liam Proud | ) www.reuters.com time to read: +7 min

The lesson for SoftBank and Arm is clear: chip investors are laser-focused on medium-term operating profit, not just revenue. Reuters GraphicsThere are three key moving parts to Arm’s valuation. Under SoftBank, Arm’s operating margin has dropped to around 25%, from roughly 40% in 2015 – a consequence of Son’s preference for heavy investments in research. If Arm nabbed the same multiple, its enterprise value would be $33 billion, using the above growth and operating margin. To mimic and sustain Nvidia-esque growth, Arm CEO Rene Haas would have to keep ramping up investments in engineers and sales teams, which would weigh on margins.

Persons: SoftBank, Masayoshi Son, Bernstein, they’ll, Rene Haas, SoftBank’s, it’s, George Hay, Katrina Hamlin, Oliver Taslic Organizations: Reuters, SoftBank, Nvidia, Cadence Design Systems, LSEG, Reuters Graphics, Apple, Devices, Vision Fund, Nasdaq, Thomson Locations: Cambridge, Saudi Arabia

☆ Singapore’s central bank boss faces a tough start
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Sept 5 (Reuters Breakingviews) - Central banks pride themselves on being predictable. He is a former deputy to Menon, and currently a permanent secretary at the manpower ministry after spending 18 years in various stints at the central bank. He has led MAS’ financial stability assessment of the city state and completed a two-year secondment to the International Monetary Fund. During his 12-year term, he built up Singapore’s reputation as a global fintech hub and boosted its appeal as a leading financial centre. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Ravi Menon, Chia Der, There’s, Chia, Menon, Pernod Ricard, Una Galani, Katrina Hamlin Organizations: Reuters, Monetary Authority of, MAS, International Monetary Fund, X, Thomson Locations: SINGAPORE, Monetary Authority of Singapore, Singapore, China

☆ Qantas CEO’s exit will barely reduce turbulence
▼ + stars: | 2023-09-05 | by ( Antony Currie | ) www.reuters.com time to read: +5 min

Alan Joyce, Chief Executive Officer of Qantas, speaks in front of a Qantas 747 jumbo jet, before its last departure from the Sydney Airport in Sydney, Australia, as Qantas retires its remaining Boeing 747 planes early due to the coronavirus disease (COVID-19) pandemic, July 22, 2020. In July Canberra rejected Qatar Airways’ request to add 21 flights a week to key Australian cities. Gina Cass-Gottlieb, the watchdog’s chair, is targeting a fine of at least A$250 million ($162 million), she told ABC’s RN radio programme. Qantas customers can now get a cash refund, while credits issued by the group’s budget airline, Jetstar, now last indefinitely. On Aug. 24 Qantas reported record pre-tax earnings for the year to June 30 of A$2.47 billion.

Persons: Alan Joyce, Loren Elliott, Vanessa Hudson, Gina Cass, Gottlieb, Hudson, Richard Goyder, Buckle, Joyce, “, ABC’s, Una Galani, Katrina Hamlin Organizations: Qantas, Sydney Airport, Boeing, REUTERS, Rights, Reuters, Australian Competition, Consumer Commission, Virgin Australia, Regional Express, Qatar Airways, Jetstar, Thomson Locations: Sydney, Australia, Canberra

HONG KONG, Aug 31 (Reuters Breakingviews) - Prudential’s (PRU.L), new CEO has inherited an old problem. Wadhwani’s decision to lead the $35 billion company from Hong Kong underscores its focus. Its Hong Kong and London-listed stock trades at just over 13 times expected earnings for 2023, per Visible Alpha. Larger rival AIA, listed in Hong Kong, is valued at around 18 times. The group’s new business profit in the mainland slipped 16% to $171 million in the first half as Pru withdrew some products from the market.

Persons: Anil Wadhwani, Pru, Peter Thal Larsen, Thomas Shum Organizations: Reuters, AIA, HK, U.S ., Prudential, Investments, Thomson Locations: HONG KONG, U.S, Greater China, Hong Kong, London, China

HONG KONG, Aug 23 (Reuters Breakingviews) - Volkswagen’s (VOWG_p.DE) China shortcut sets a tricky roadmap for its western rivals. An increasingly competitive Chinese market means others may also need to plot a new route. VW’s western peers may feel they do not need to follow in its tracks. Second, VW’s Xpeng deal highlights how companies need to adapt quickly to stay relevant in China. Both partnerships will see the companies jointly develop intelligent, connected electric vehicles for the Chinese market.

Persons: China’s, that’s, Bernstein, Alix, Elon Musk’s, VW’s, Auto, Neil Unmack, Pranav Kiran, Thomas Shum Organizations: Reuters, HK, FAW, SAIC, VW, BMW, upstarts, Alix Partners, Elon, Mercedes, Benz, Nissan, General Motors, Honda, Toyota, Volkswagen, Volkswagen’s Audi, Zhejiang Leapmotor Technology, Jetta, Thomson Locations: HONG KONG, China, Xpeng, Kingdom, Shanghai, Hong Kong, Zhejiang

☆ UK’s improving finances will bear no fiscal gifts
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Aug 22 (Reuters Breakingviews) - Higher tax receipts helped Britain to borrow less than expected in July. The UK’s poor economic health leaves him with little room for fiscal giveaways ahead of a prospective 2024 election. Public sector net borrowing stood at 4.3 billion pounds in July, less than the 5 billion pounds expected by economists polled by Reuters. In the first four months of the fiscal year, borrowing was 11.3 billion pounds below the Office for Budget Responsibility’s forecast. The recent rise in bond yields will add around 18 billion pounds to debt interest spending by 2027/28, says Capital Economics.

Persons: Jeremy Hunt, Mairead McGuinness, Yves Herman, Hunt, Francesco Guerrera, EY’s loveless, Lisa Jucca, Katrina Hamlin Organizations: Financial Stability, Financial Services, Capital Markets, REUTERS, Reuters, Budget, Economics, Twitter, TPG, Thomson Locations: Brussels, Belgium

☆ Yuan slide half pulls Beijing out of its inertia
▼ + stars: | 2023-08-21 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

Support measures appear piecemeal, the latest include a move to extend trading hours to jolt a battered stock market. But if there’s one thing that authorities cannot let slide, it is the weakening currency. Slowing economic growth also has forced the People’s Bank of China (PBOC) to cut interest rates against Western counterparts’ aggressive rate hikes. Policymakers also could increase offshore issuance of yuan bills in Hong Kong, and there’s always the option of introducing more stringent capital controls. The central bank will "resolutely" prevent excessive movement in the yuan, the report said.

Persons: Xi Jinping, Bond, there’s, Xi, Una Galani, Katrina Hamlin Organizations: Reuters, Zhongzhi Enterprise Group, People’s Bank of China, Western, People's Bank of China, Thomson Locations: China, Hong Kong, U.S

☆ Superconductor Scientist Faces Investigation as a Paper Is Retracted
▼ + stars: | 2023-08-15 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com time to read: +4 min

Many other scientists greeted the announcement with skepticism because an earlier Nature paper by Dr. Dias describing a different and less practical superconducting material had already been retracted. The university had previously conducted three preliminary inquiries into Dr. Dias’s research and decided the concerns did not warrant further scrutiny. On Tuesday, Dr. Hamlin said he was pleased that the journal had taken his concerns seriously. He said there were two additional instances of apparent data duplication in Dr. Dias’s work that he hoped would also be reviewed. One involves another Nature paper; the other is what Dr. Hamlin describes as a duplication of data in Dr. Dias’s thesis.

Persons: . Dias, James Hamlin, Dias, ”, Hamlin, Salamat, Keith V, Lawler, University of Rochester “, Dias’s Organizations: University of Florida, Adobe Illustrator, University of Rochester, University of Nevada, UNLV Locations: South Korea, Las Vegas

☆ Bain puts Chindata minority owners out of misery
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Aug 14 (Reuters Breakingviews) - Bain Capital has just taught a refresher course in the perils of being a minority investor. On Friday the buyout firm agreed to take Chindata private in a deal that values the Chinese data centre operator it already controls at $3.2 billion. But those who bought in when the U.S. private equity firm took Chindata public in 2020 or were hoping for a bidding war – or both – have good reason to be disappointed. Second, a unit of state-owned conglomerate China Merchants Group countered Bain with a $3.4 billion deal, which Chindata took a month to acknowledge. And it has let investors holding another fifth or so of Chindata stock into the buyout group.

Persons: Bain’s, Bain, Chindata, Antony Currie, BoE, Robyn Mak, Katrina Hamlin Organizations: MELBOURNE, Reuters, Bain Capital, China Merchants Group, China Merchants, Twitter, FC Barcelona’s, Messi, Siemens, Thomson Locations: New York

☆ Electric vehicle premiums will ride high in India
▼ + stars: | 2023-08-14 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Mahindra Funster electric concept SUV is on display after it was unveiled at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. Singapore's Temasek handed Anand Mahindra’s EV business a punchy valuation of up to $9.8 billion this month. The $23 billion Mumbai-listed Mahindra & Mahindra (MAHM.NS) generates most of its top line from its sprawling autos business churning out everything from commercial vehicles to three wheelers. It follows the sale of up to 4.8% to British International Investments, the UK's development finance institution, at a $9.1 billion valuation in July last year. True, Temasek's valuation of the EV business depends on the latter hitting undisclosed milestones.

Persons: Kumar Rakesh, It’s, Maruti Suzuki, Una Galani, Katrina Hamlin Organizations: Mahindra, India, REUTERS, Reuters, Singapore's Temasek, Anand, Temasek, British International Investments, BNP, Tata Motors, TPG, HK, China’s MG Motors, Maruti, India’s, India’s Mahindra, British International Investment, Thomson Locations: Greater Noida, India, BENGALURU, Mumbai, China, EVs, Temasek

☆ Bills' Damar Hamlin plays in first game since January cardiac arrest
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: +1 min

Aug 12, 2023; Orchard Park, New York, USA; Buffalo Bills safety Damar Hamlin (3) tackles Indianapolis Colts running back Deon Jackson (35) running with the ball during the first half at Highmark Stadium. Mandatory Credit: Gregory Fisher-USA TODAY SportsAug 12 (Reuters) - Damar Hamlin competed in the Buffalo Bills' preseason opener on Saturday, marking the safety's first taste of competitive action since he suffered a cardiac arrest during an NFL game in early January. On his second defensive snap, Hamlin was credited with a solo tackle of running back Evan Hull for no gain, denying the Colts from converting a fourth-and-one at the Bill's 40-yard line. The 25-year-old Hamlin then made tackles on two consecutive plays during the Bills' next defensive series. He was discharged from hospital nine days after his cardiac arrest, and his remarkable recovery captivated the sporting world.

Persons: Damar Hamlin, Deon Jackson, Gregory Fisher, Hamlin, Evan Hull, Frank Pingue, Hugh Lawson Organizations: Buffalo Bills, Indianapolis Colts, USA, NFL, Buffalo, Colts, Bills, Cincinnati Bengals, Thomson Locations: Orchard, , New York, USA, Toronto

☆ Alibaba previews benefits of slimming down
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Aug 11 (Reuters Breakingviews) - Just months after announcing a six-way breakup, Alibaba's (9988.HK) corporate overhaul is off to a good start. Quarterly sales jumped 14% year-on-year in the three months to June and all its main business units are growing again. That should ease concern that Alibaba is losing market share to rivals like PDD (PDD.O). In logistics and digital media, both reported positive adjusted earnings before interest, tax and amortisation in the recent quarter, versus losses a year ago. It’s early days but a more focused and less bloated Alibaba is starting to emerge.

Persons: It’s, Robyn Mak, Una Galani, Katrina Hamlin Organizations: Reuters, HK, Twitter, Siemens, Thomson Locations: HONG KONG

☆ Fairy-tale ending will elude Disney in India
▼ + stars: | 2023-08-11 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

MUMBAI, Aug 11 (Reuters Breakingviews) - India has lost its magic for Walt Disney (DIS.N). Even if boss Bob Iger can find a buyer or joint venture partner, a fairy-tale ending will elude the Magic Kingdom. The combination of changing viewing preferences and Disney’s own conservatism in streaming puts Disney India in a weak spot. The average monthly revenue per subscriber held steady at 59 cents, compared to $7.31 per subscriber in its domestic Disney+ business. Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on July 11, citing unnamed people familiar with the matter.

Persons: Walt Disney, pare, Bob Iger, Iger, Mukesh, Ambani, JioCinema, Una Galani, Katrina Hamlin Organizations: Reuters, Fox, Kingdom, Netflix, Indian Premier League, HBO, Disney, Disney India, Walt Disney, Star India, Wall Street, Thomson Locations: MUMBAI, India, U.S, Mumbai, United States, Canada

☆ America’s new China curbs eschew scale for smarts
▼ + stars: | 2023-08-10 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

The White House on Wednesday took the wraps off its proposal for screening investments U.S.-based funds make abroad, giving President Joe Biden a new tool for “de-risking” from China. But while the government’s inbound-investment reviews have often proven onerous, the pitch for outbound screening should placate investors and even diplomats. If recipients boast close ties to Chinese military or intelligence capabilities, the department could then block the transaction. Follow @BenWinck on TwitterCONTEXT NEWSU.S. President Joe Biden on Aug. 9 issued an executive order that tasks the Treasury Department with forming an outbound investment screening program. In response to the executive order the Treasury Department issued an Advanced Notice of Proposed Rulemaking seeking comment on the program.

Persons: Joe Biden, Jonathan Ernst, Janet Yellen’s, Antony Currie, Katrina Hamlin Organizations: Auburn Manufacturing, REUTERS, Reuters, Washington, Wednesday, Biden, Regulators, Treasury, Department, Treasury Department, Thomson Locations: U.S, Auburn , Maine, WASHINGTON, China, Washington

☆ Virginia becomes eighth US state to exit voter data-sharing pact
▼ + stars: | 2023-08-10 | by ( Josephine Walker | ) www.reuters.com time to read: +3 min

Member states of the Electronic Registration Information Center, or ERIC, partnership share voter registration and identification data to avoid having people registered to vote in multiple states. There are now only seven Republican-led states among the 25 remaining in the compact. Many Republican-led states have also tightened voting rules in recent years in what they describe as an effort to prevent fraud. "It really exposes the hypocrisy of states that are talking the most about voter fraud," Clapman said. "They're inflating concerns about voter fraud and are also pulling out of and damaging the best tool that states have to detect voter fraud."

Persons: Tom Brenner, ERIC, Donald Trump's, Trump, Susan Beals, Beals, Glenn Youngkin, Shane Hamlin, Hamlin, Alice Clapman, University's, Clapman, Josephine Walker, Scott Malone, Andy Sullivan Organizations: Arlington County School Board, REUTERS, Republican, Member, of Columbia, Former U.S, Reuters, Republican Virginia, Center for Justice, Thomson Locations: Arlington, Arlington , Virginia, U.S, Virginia, . Virginia, Ohio, Iowa, Florida , Missouri, West Virginia , Louisiana, Alabama, Texas, New

☆ Bubble tea will test limits of China’s consumers
▼ + stars: | 2023-08-08 | by ( Thomas Shum | ) www.reuters.com time to read: +3 min

HONG KONG, Aug 8 (Reuters Breakingviews) - Bubble tea may be the new bellwether for the Chinese consumer. At least half a dozen boba-drink makers, including China’s largest chain by store count, Mixue Bingcheng, are planning initial public offerings in Hong Kong or the United States, Bloomberg reports. Shares in Hong Kong-listed Nayuki (2150.HK), the country’s only publicly traded bubble tea chain, have dropped 70% since their debut in 2021. Follow @t__shum on TwitterCONTEXT NEWSAt least six bubble tea companies are looking to go public in either Hong Kong or the United States, Bloomberg reported on July 24 citing people familiar with the matter. In 2022, China’s biggest bubble tea chain by store count, Mixue Bingcheng, filed for a $918 million initial public offering in Shenzhen.

Persons: Mixue, Gen, Mixue Bingcheng, Robyn Mak, Katrina Hamlin, Pranav Kiran Organizations: Reuters, Bloomberg, HK, KFC, Haidilao, Refinitiv, Thomson Locations: HONG KONG, Hong Kong, United States, Beijing, China, Shenzhen

HONG KONG, Aug 2 (Reuters Breakingviews) - Koji Sato enjoyed a smooth ride in his first quarter behind the wheel at Toyota Motor (7203.T). Toyota now trades just shy of 10 times estimated earnings for the next 12 months, per Refinitiv. Those same Chinese brands are encroaching on emerging markets like Thailand, where Toyota has traditionally sold well. Executives told investors on Tuesday that they’re eager to review other investments, too, including cross-holdings in the Toyota group and other assets. Total sales rose by 24% to 10.5 trillion yen in the same period.

Persons: Koji Sato, Sato, Toyota’s, that’s, Encouragingly Sato, Antony Currie, Pranav Kiran Organizations: Reuters, Toyota, Ford, General Motors, Nissan, Thomson Locations: HONG KONG, Asia, China, Thailand

☆ 'Grand rising!' Bronny James plays piano in video after cardiac arrest
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +2 min

[1/2] Sierra Canyon Trailblazers point guard Bronny James looks on during warm up for the Battle of the Valley against the Notre Dame Knights played at Pauley Pavilion in Los Angeles, California, U.S. January 27, 2023. Jayne Kamin-Oncea-USA TODAY Sports via REUTERS/File PhotoLOS ANGELES, July 29 (Reuters) - Bronny James, who less than a week ago suffered cardiac arrest while training with the University of Southern California (USC) basketball team, was seen playing piano in a video posted by his father LeBron James on Saturday. LeBron James said in a video posted to Instagram. Doctors offered no word of if or when Bronny James would return to the basketball court but indicated his recovery so far has been encouraging. Reporting by Rory Carroll in Los Angeles; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Bronny James, Jayne Kamin, LeBron James, James, Vince Iwuchukwu, Iwuchukwu, Damar Hamlin, Hamlin, Doctors, Rory Carroll, Lincoln Organizations: Notre Dame Knights, Pauley, Sports, REUTERS, University of Southern, USC, Sinai Medical, Los Angeles Lakers, NBA, Buffalo Bills, Thomson Locations: Los Angeles , California, U.S, University of Southern California, Cedars, Cincinnati, Los Angeles

☆ LeBron James thanks fans for love after son's cardiac arrest
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

Jayne Kamin-Oncea-USA TODAY Sports via REUTERS/File Photo MANDATORY CREDITJuly 27 (Reuters) - LeBron James thanked fans on Thursday for their love and prayers for his son Bronny, who suffered a cardiac arrest while training with the University of Southern California (USC) basketball team. The 18-year-old son of the NBA's all-time leading scorer went into cardiac arrest on Monday and was rushed to hospital where he was placed in intensive care. "I want to thank the countless people sending my family love and prayers," posted James on messaging platform X, formerly known as Twitter. Iwuchukwu was revived by team's medical staff and played last season after recovering. It is also reminiscent of an incident in January, when Buffalo Bills safety Damar Hamlin collapsed from a cardiac arrest during a Monday night NFL game in Cincinnati.

Persons: Bronny James, Jayne Kamin, LeBron James, Bronny, James, Vince Iwuchukwu, Iwuchukwu, Damar Hamlin, Hamlin, Steve Keating, Christian Radnedge Organizations: Notre Dame Knights, Pauley, Sports, REUTERS, University of Southern, USC, Angeles Fire Department, Galen Center, Los Angeles Lakers, NBA, Buffalo Bills, Thomson Locations: Los Angeles , California, U.S, University of Southern California, Cincinnati, Toronto

☆ Teenage son of LeBron James in stable condition after cardiac arrest
▼ + stars: | 2023-07-25 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

[1/4] Mar 28, 2023; Houston, TX, USA; West guard Bronny James (6) with father LeBron James following the McDonald's All American Boy's high school basketball game at Toyota Center. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports/File PhotoJuly 25 (Reuters) - The 18-year-old son of NBA legend LeBron James suffered a cardiac arrest while practicing with the University of Southern California (USC) basketball team and was in stable condition, ESPN reported on Tuesday, citing a James family statement. The family spokesperson could not be immediately reached for comment, nor could LeBron James' agent. "We ask for respect and privacy for the James family and we will update media when there is more information," the statement said, according to ESPN. The incident comes a year after USC center Vince Iwuchukwu collapsed during practice after suffering heart failure.

Persons: Bronny James, LeBron James, Mark J, James, Vince Iwuchukwu, Iwuchukwu, Damar Hamlin, Hamlin, Brendan O'Brien, Bill Berkrot Organizations: Toyota Center, NBA, University of Southern, USC, ESPN, Los Angeles Fire Department, Galen Center, Los Angeles Lakers, Buffalo Bills, Thomson Locations: Houston , TX, USA, University of Southern California, Cincinnati, Chicago

CNN —Bronny James, the son of NBA star LeBron James, suffered a cardiac arrest during basketball practice at the University of Southern California and was hospitalized on Monday, according to a statement from a family spokesperson. “Yesterday while practicing Bronny James suffered a cardiac arrest. LeBron James, left, poses with his son Bronny after Sierra Canyon beat Akron St. Vincent - St. Mary in a high school basketball game on December 14, 2019, in Columbus, Ohio. “My last year will be played with my son,” James told the Athletic in 2022. Last July, USC freshman forward Vince Iwuchukwu suffered a cardiac arrest during a summer workout.

Persons: CNN — Bronny James, LeBron James, Bronny James, “, James, LeBron, ” Bronny, Bronny, Vincent, St, Mary, Jay LaPrete, ” James, It’s, Vince Iwuchukwu, Iwuchukwu, Jon Yonamine, Erin Tillman, Lauren Crawford, Andy Enfield, ”, Damar Hamlin, ” Hamlin Organizations: CNN, NBA, University of Southern, USC, USC’s, Sierra Canyon High School, Sierra Canyon, Akron St, Los Angeles Lakers, Athletic, American Heart Association ., Buffalo Bills, Twitter Locations: University of Southern California, Savannah, Los Angeles, Sierra, Columbus , Ohio, that’s

On Thursday, regulators orchestrated an agreement between Tesla (TSLA.O) and 15 Chinese rivals to avoid “abnormal pricing”, sealing the deal at a signing ceremony in Shanghai, Bloomberg reported. Perhaps as a result, sellers of internal combustion engines frequently offered steeper discounts compared to battery-powered rivals, Citi’s data show. In this case, at least, it appears to be trying to keep competition healthy, targeting only “abnormal pricing”. If nothing else, Beijing’s intervention offers a welcome pause in hostilities. Over 30 brands in China announced discounts in the first three months of the year, according to industry consultancy Automobility.

Persons: It’s, Bill Russo, AlixPartners, Tesla, Antony Currie, Thomas Shum Organizations: Reuters, Tesla, Bloomberg, FAW Audi, BAIC Hyundai, Citi, HK, country’s Ministry of Industry, Information Technology, China Association of Automobile Manufacturers, Thomson Locations: HONG KONG, Beijing, Shanghai, Xpeng, China

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