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China’s outbound mergers and acquisitions (M&A) activity could jump, as US president-elect Donald Trump’s tariff threats accelerate the globalisation of mainland enterprises, according to industry experts. Bracing for the possibility of 60 to 100 per cent tariffs on Chinese goods, firms in the world’s second-largest economy are exploring ways to reduce reliance on the US, albeit in a frail global M&A environment beset by high interest rates and ongoing geopolitical tensions. “More tariffs may mean that the globalisation of Chinese companies is going to get faster,” said Stanley Lah, Asia-Pacific and China M&A services leader at Deloitte. “Chinese companies will consider moving faster to look for alternatives in shipping or selling to the US. That is quite loud and clear.” M&A activity should emerge as a speedier solution to satisfy Chinese companies’ objective of being more effective in global markets, compared with greenfield investments such as setting up sales offices or manufacturing facilities, he added. Chinese outbound M&A deals fell 16.5 per cent to US$17 billion so far this year, compared with the same period last year, according to London Stock Exchange Group data. Last year, the tally rose 59 per cent year on year to US$27 billion – still far below the 2016 peak of US$202 billion. Dealmakers have seen some rebound in China’s outbound M&A, especially in the sectors with Beijing’s “blessings”, according to Federico Bazzoni, CEO of investment banking at Vantage Capital Markets. “I see some activities coming back in specific sectors,” he said, mentioning manufacturing, technology, new energy such as solar power and batteries, and “a little bit” on consumer products. “Valuations are coming down.”**RIA Eyewear Welcomes Golf Legend Rocco Mediate as New Brand Ambassador**The Secular Constitution Protection Forum and speakers at a meeting organised by it on Sunday (November 24, 2024) demanded the Telugu Desam Party (TDP) and Jana Sena Party (JSP) to oppose the Waqf Amendment Bill. Also Read: Govt lists 15 bills including Waqf bill for winter session of Parliament Communist Party of India (CPI) State Secretary K. Ramakrishna said that the proposed bill was a threat to democracy. It was designed to divide the voters on religious lines. The Waqf Bill contains very dangerous amendments, he said. “The government is asserting that non-Hindus should not be serving in the Tirumala Tirupati Devasthanams (TTD) while at the same time saying Hindus should be in the Waqf Board, calling it unjust. Home Minister Amit Shah is in a tearing hurry to pass the bill before the Joint Parliamentary Committee (JPC) report even reached Parliament. The government, which rejected the Sachar Committee recommendations in the past, is now claiming to implement them, raising doubts, he said. Communist Party of India-Marxist (CPI-M) State secretary V. Srinivasa Rao said that the CPI(M) had opposed the Waqf Bill both inside and outside Parliament. The Bharatiya Janata Party (BJP)’s policies were not favourable to even Hindus and are creating divisions among castes. There was a need for a special law to protect the properties of temples, mosques, and churches, he said. Former Minister Vadde Shobanadreeswara Rao stated that since the Waqf Board is under the Concurrent List, the opinions of the States must also be considered. “Why is the Election Commission not taking action against leaders who make provocative statements about giving Muslim reservations to SCs and STs?” he asked. “It is strange for a political leader, who once admired Che Guevara to now speak about Sanatana Dharma,” he said. “Deputy Chief Minister and Jana Sena Party (JSP) president Pawan Kalyan should listen to Swami Vivekananda’s speech on religious tolerance.” Jamat-e-Islami Hind State president Rafiq Ahmad, Ahl-e-Hadith Jamaat State president Fazlur Rahman Umri, Sunnatul Jamaat president Mukhtiyar, Majlisul Ulema president Mufti Younus, Muslim Unity Forum president Jafar Puli, Secular Constitution Protection Forum Vijayawada Urban convener Abdul Mateen, and others spoke. Published - November 25, 2024 03:40 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Vijayawada / Andhra Pradesh
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U.S. job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2% pointed to an easing labor market that should allow the Federal Reserve to cut interest rates again this month. The labor market’s resilience is driving the economy, with the closely watched employment report from the Labor Department on Friday showing solid wage growth last month. The economy created 56,000 more jobs in September and October than previously estimated. “Today’s payroll report reinforces the case for a Fed cut in December, but without inciting any meaningful worries about the labor market,” said Seema Shah, chief global strategist at Principal Asset Management. Nonfarm payrolls increased by 227,000 jobs last month after rising by an upwardly revised 36,000 in October, the Labor Department’s Bureau of Labor Statistics said. Economists polled by Reuters had forecast payrolls would gain 200,000 jobs following a previously reported rise of 12,000 in October. Estimates for the job gain ranged from 155,000 to 275,000. Job growth has averaged 172,000 per month over the past three months. The acceleration in employment gains was led by healthcare, with a rise of 54,000 jobs spread across ambulatory healthcare services, hospitals, nursing and residential care facilities. Leisure and hospitality payrolls increased by 53,000 jobs, which were concentrated at restaurants and bars. Government employment increased by 33,000 positions, lifted by gains in state government. Manufacturing payrolls rebounded by 22,000 positions as the end of strikes at Boeing BA.N and another smaller aerospace company boosted transportation equipment jobs by 32,000. Social assistance payrolls increased by 19,000 jobs. But the retail sector shed 28,000 jobs, mostly reflecting losses at general merchandise retailers. Electronics and appliance retailers, however, added 4,000 jobs. The labor market reeled in October from Hurricanes Helene and Milton as well as the aerospace strike. The initial October payrolls count also likely had been curtailed by a shorter collection period of responses to the survey of establishments from which payrolls are derived. The initial response rate for the establishment survey was 47.4%, the lowest reading since January 1991 and well below the 69.2% average for October in the past five years. The collection period for the responses was only 10 days, on the lower end of the normal 10 to 16 days. U.S. Treasury yields fell after the release of the data. The dollar was little changed against a basket of currencies. U.S. stocks opened higher. The increase in the jobless rate after holding at 4.1% for two straight months reflected weakness in household employment. The smaller household survey from which the unemployment rate is compiled showed a decline of 355,000 jobs. About 193,000 people left the labor force in November. That pushed the labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, down to 62.5% from 62.6%. Financial markets saw a roughly 89% chance of a quarter-percentage-point rate cut at the U.S. central bank’s Dec. 17-18 policy meeting, up from 72% earlier, CME Group’s FedWatch tool showed. The Fed has lowered interest rates by 75 basis points since September, when it launched its easing cycle. Its policy rate is now in the 4.50%-4.75% range, having been hiked by 5.25 percentage points between March 2022 and July 2023. Strong wage growth should continue to fuel consumer spending and keep the economic expansion on track. Average hourly earnings increased 0.4% last month, matching October’s gain. In the 12 months through November, wages advanced 4.0% after rising by the same margin in October. With the economy continuing to expand at a healthy pace, inflation stuck above the central bank’s 2% target and uncertainty about the policies of President-elect Donald Trump’s incoming administration, the outlook for further rate cuts in 2025 is unclear. Business sentiment perked up in the aftermath of Trump’s victory in the Nov. 5 election on hopes of less regulation. But his promises to raise tariffs on imports and carry out mass deportations of migrants have raised concerns of higher prices and disruptions to the labor market. Traders are betting on another two rate cuts next year, with a better-than-even chance of a third reduction in borrowing costs by the end of 2025. Source: Reuters (Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and Paul Simao)
The team that created the Populus Hotel in downtown Denver, Colorado, isn’t banking on the “sustainable travel” trend for success. Seven years in the making, the already buzzy hotel, with its all-white exterior created to look like an Aspen tree trunk, is promising to be the first carbon-positive hotel in the United States. Through a series of initiatives like composting and tree planting (more on that later), they promise to offset more carbon than the hotel emits. Yet it isn’t the promise of sustainability they see customers coming for—though that will surely be the case for many visitors—it’s the stunning architecture, decor, and service. According to Jon Buerge, president of Urban Villages, the development company behind the hotel, building with the environment in mind is the responsibility of the business owners first. When people get there, they can learn about all the choices made to create it that way—hopefully taking away information about why it’s so important. Thankfully, the building itself is a 13-floor, triangle-shaped wonder. The scalloped windows and bright white color make it stick out against the nearby Colorado State Capitol building and its surrounding parks. When you walk in the front doors, you’re immediately greeted with an upscale restaurant to your left and a high-end coffee shop to your right. Receptionists sit behind an upcycled giant oak tree desk, excited to tell you all about how your room key fob is actually a hidden wild tree seed that you can plant when you get home. The building was designed by Studio Gang , an architecture firm based in Chicago. The inspiration was the Colorado outdoors, from the exterior all the way through the perfectly timed forest noises that play in the elevators (although hearing a bellowing moose without explanation was admittedly a little alarming at first). Buerge points out that the building and construction industries are responsible for a significant amount of emissions— 37% according to recent reporting by the United Nations —and that their goal is to lead a change to show that you can build a hotel that is both an attraction and has a lower impact on the environment. Inside the rooms, the shape of the windows makes for luxuriously soft natural lighting. Some feature padded hammock-like seating at the bottom of the windows, while others have nearly two full walls of windows spaced just a few feet apart. The suites are like most upscale hotels, complete with a full-size tub and a three-prong shower—but with all local decor and vintage finds. What’s more, every night you stay in one of these rooms, the hotel promises to plant a tree—a carbon offset strategy used because trees absorb CO2. The key is that they do it locally, with naturally occurring trees like Engelmann spruce, Lodgepole pine, and Douglas fir. (A critique of tree-planting initiatives is that they are an easy way out for corporations and when done improperly, can contribute to deforestation and ecological damage in vulnerable areas. ) The restaurants, however, are the real shining stars of the building. Locals mention that downtown, there aren’t many decent places to take a meeting or have an upscale cocktail and dining experience, meaning the opening of the downstairs restaurant Pasqul and the upstairs rooftop bar and restaurant Skylark is a welcome addition. When we arrived, it was the first day open, and the restaurants were already doing a roaring trade. The key decor piece of the hotel, meanwhile, is a mycelium leather art piece above the bar, made by Mycoworks. (Although curiously, despite having a vegan leather centerpiece, the plant-forward menu at Pasquel only had meat dishes for the main courses.) That aside, what they do with the food after it’s served is the most interesting thing. 80 million pounds of food are wasted annually in the United States. The on-site circular food waste technology, Biogreen360 , “allows us to take all of the food waste from any of our outlets, whether that's food that was not eaten by guests or standard prep waste in our kitchens that can't be fixed with the high-efficiency operation they have back there,” Thomas, the hotel sustainability manager, explained. “We like to call it from farm to table and back from table to farm.” One piece of the sustainability puzzle that the designers at the Populus also didn’t want to overlook was the clothing, particularly uniforms for staff. At the hotel, waitstaff and front desk wear chore coats (a choice that brings a more-casual local feeling vibe to an otherwise high-end establishment) made by Quince, an Oekotex-certified clothing brand, and the aprons are made by a local Denver husband and wife design team, Valentich . With the hotel just opening, time will tell if the goal of becoming one of the top sustainable travel choices in the country will be fulfilled. A staff full of self-proclaimed “eco-nerds,” as one bartender put it, sure seems ready to make it work.
Princess Kate inadvertently hinted at a massive change in her life during a key royal appointment today, a body language expert has said. The Princess of Wales , 42, was among the first senior royals to arrive at the annual Christmas Carol service held at Westminster Abbey this evening, appearing initially solo before she was joined by her husband, Prince William , and three children. The younger royals joined after visiting the "kindness tree" on which Prince Louis could be seen leaving a message for the late Queen and Prince Philip . The message read: "Thank you to granny and grandpa because they have played games with me." Princess Kate came with no such message, but body language experts who have carefully studied her body language have noticed subtle changes to her composure that speak volumes. Speaking exclusively to the Mirror , Judi James said she appears to have "changed her body language rituals" and even appeared to emulate the King. Ms James started with the Princess' arrival, saying she emerged with a "radiant" smile before cementing her place as the "leader of the event". She said: "Kate's smile on her lone arrival was classic Kate, a radiant, perfect Duchenne smile that threw a warm and grateful-looking connecting tie-sign to the fans outside. "Her lack of a bag to carry suggested confidence as she has at times used her bags as barriers when she has been feeling vulnerable. Here she just touched the fingers of both hands together or gesticulated as she spoke to again suggest confidence and to define her role as leader of this event." When she entered the service, the expert added, she expressed an all new "dimension" to her behaviour, with Ms James catching the Princess' emotion at attending alongside other cancer survivors. She continued: "But when she was greeting the guests inside, we saw a new dimension to Kate's body language rituals. "She has always been politely animated but here she was much more openly expressive and emotional with her facial expressions. This is a very moving service for Kate, with other cancer sufferers attending, and that seemed to reflect in her animated expressions that ranged from nose-wrinkled, dimpled laughter to a much more empathetic and concerned look, with steepled brows and the saddest eye expression accompanying a kind mouth smile." Ms James added that, at one point during the service, she appeared to mirror King Charles III. She said: "At one point she even seemed to be mirroring her father-in-law, arching her back slightly and performing the kind of playful chuckle that is Charles's signature look when he is meeting guests." Despite this, the strongest mirroring came from Prince William and his eldest son, Prince George , 11, Ms James suggested. She said: "The strongest mirroring though came between William and George. The father and son have famously adopted mirrored poses but it's usual that, with age, the tendency can decline. "Here the opposite seems to be true though, with each mirroring the other now, sitting or standing in identical poses for much of the time."
Israel and Lebanon's Hezbollah agree to a ceasefire to end nearly 14 months of fighting JERUSALEM (AP) — Israel has approved a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, setting the stage for an end to nearly 14 months of fighting linked to the ongoing war in the Gaza Strip. Israeli warplanes meanwhile carried out the most intense wave of strikes in Beirut and its southern suburbs since the start of the conflict and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to keep pummeling Hezbollah before the ceasefire is set to take hold at 4 a.m. local time on Wednesday. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a ceasefire in Gaza. What both sides are saying about the ceasefire deal between Israel and Lebanon's Hezbollah A ceasefire deal that could end more than a year of cross-border fighting between Israel and Lebanon’s Hezbollah militant group won backing from Israeli leaders. The truce that is set to take effect early Wednesday raised hopes and renewed difficult questions in a region gripped by conflict. Hezbollah leaders also signaled tentative backing for the U.S.-brokered deal, which offers both sides an off-ramp from hostilities But the deal does little directly to resolve the much deadlier war that has raged in Gaza since Hamas militants attacked southern Israel last October. Trump vows tariffs over immigration. What the numbers say about border crossings, drugs and crime. WASHINGTON (AP) — President-elect Donald Trump is threatening tariffs on Mexico and Canada as he seeks to portray them as responsible for illegal immigration and drug smuggling. Over its tenure, the Biden administration has struggled with growing numbers of migrants arriving at the southern border. But this year, the number of people crossing the border without documents has actually been falling. That's due in part to stricter enforcement by Mexican authorities as well as asylum restrictions announced earlier this year by the Biden administration. When it comes to fentanyl smuggling, much of the deadly supply comes from Mexico though statistics show more than 86% of those sentenced for fentanyl trafficking crimes in the 12 months ending September 2023 were U.S. citizens. AP finds that a Pentagon-funded study on extremism in the military relied on old data Early this year, Pete Hegseth told a Fox News audience a new, Pentagon-funded study proved that the number of military service members and veterans involved in the Jan. 6 insurrection did not indicate a wider problem in the armed forces. Hegseth, Donald Trump's pick to head the Department of Defense, wasn’t alone. The Wall Street Journal’s opinion page highlighted the same report as evidence that extremists in military communities were “phantoms” created by a “false media narrative.” The X account for Republicans on the House Armed Services Committee posted that the study showed the focus on extremism in the military was a “witch hunt.” But The Associated Press has found that the study relied on old data, misleading analyses and ignored evidence that pointed to the opposite conclusion. How Trump's bet on voters electing him managed to silence some of his legal woes WASHINGTON (AP) — Special counsel Jack Smith move to abandon two federal cases accusing Trump of endangering American democracy and national security does away with the most serious legal threats Trump was facing as he returns to the White House. It was the culmination of a monthslong defense effort to delay the proceedings at every step and use the criminal allegations to Trump's political advantage, putting the final word in the hands of voters instead of jurors. The move just weeks after Trump’s victory over Vice President Kamala Harris underscores the immense personal stake Trump had in the campaign in which he turned his legal woes into a political rallying cry. Walmart's DEI rollback signals a profound shift in the wake of Trump's election victory NEW YORK (AP) — Walmart’s sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at U.S. companies that are revaluating the legal and political risks associated with bold programs to bolster historically underrepresented groups in business. The risk associated with some of programs crystalized with the election of former President Donald Trump, whose administration is certain to make dismantling diversity, equity and inclusion programs a priority. Brazil’s Bolsonaro planned and participated in a 2022 coup plot, unsealed police report says SAO PAULO (AP) — Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in the 2022 election, according to a Federal Police report that has been unsealed. Brazil’s Federal Police last Thursday formally accused Bolsonaro and 36 other people of attempting a coup. They sent their 884-page report to the Supreme Court, which lifted the seal. Bolsonaro called a meeting in December 2022, during which he presented a draft decree to the commanders of the three divisions of the armed forces, that would have declared the vote fraudulent, to justify a possible military intervention. Bolsonaro has repeatedly denied any wrongdoing. Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans WASHINGTON (AP) — Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Zepbound covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. The proposal, which would not be finalized until after President-elect Donald Trump takes office, could cost taxpayers as much as $35 billion over the next decade. It would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some people have labeled them miracle drugs. New rule allows HIV-positive organ transplants People with HIV who need a kidney or liver transplant will be able to receive an organ from a donor with HIV. That's according to a new rule announced Tuesday by U.S. health officials. Previously, such transplants could be done only as part of research studies. The new rule takes effect Wednesday. It's expected to shorten the wait for organs for all, regardless of HIV status, by increasing the pool of available organs. The practice is supported by a decade of research, during which 500 transplants of kidneys and livers from HIV-positive donors have been done in the U.S. Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigration President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technology that the Biden administration already uses to help make crucial decisions in tracking, detaining and ultimately deporting immigrants lacking permanent legal status. One algorithm, for example, ranks immigrants with a “Hurricane Score,” ranging from 1-5, to assess whether someone will “abscond” from the agency’s supervision.Stock market today: Wall Street hits records despite tariff talk
Charles De Ketelaere shrugs off Paulo Fonseca’s complaints and tries to explain what made him such a different player since moving to Atalanta from Milan. ‘It’s not just one thing.’ The Belgium international opened the scoring in , rising to nod in a Marten de Roon free kick, before Alvaro Morata’s equaliser and the late Ademola Lookman winner. However, in all his post-match interviews, insisting De Ketelaere had ‘clearly’ fouled Theo Hernandez during his leap. “I saw that they protested, but I jumped much higher and it is only natural to put your hands there when jumping like that. In my view, that is never a foul,” Considering he had failed to score a single goal in 40 competitive appearances for Milan, finding the net against his former club must be particularly pleasing. “I was happy to score and to get the victory. We are feeling confident, we feel that we can win every game and you can see that in our performance. It is why we managed to beat a Milan side that in my view is very strong.” De Ketelaere is such a transformed figure from the one we saw in that one season with the Rossoneri jersey, so what changed? “It’s not just one thing. I think the most important is that I had already played in Italy for a year, so I had that experience, but also the way of playing allows me to make more of an impact.” He is very versatile with Atalanta under Gian Piero Gasperini, as this evening he was used as a centre-forward, whereas at other times he can play in support of Mateo Retegui. “Our tactics depend also on the characteristics of the opponents we are facing. Today I was up against Malick Thiaw, so I was able to go wide and find the extra spaces there.”CARROLLTON, Ga. (AP) — Carter Welling's 21 points helped Utah Valley defeat West Georgia 77-74 on Tuesday night. Welling had 11 rebounds for the Wolverines (4-1). Trevan Leonhardt added 11 points while going 4 of 5 from the field while they also had three steals. Dominick Nelson shot 3 of 11 from the field and 4 of 7 from the free-throw line to finish with 10 points, while adding six rebounds. Shelton Williams-Dryden finished with 18 points for the Wolves (0-7). Kyric Davis added 16 points and four blocks for West Georgia. Malcolm Noel had 14 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
London Drugs will help curb loneliness among older Canadians this year with its annual Stocking Stuffers for Seniors campaign. In dozens of London Drug stores in Western Canada, including those in Victoria, gift tags for select items will hang from Christmas trees. Kind customers can purchase one of these gifts, which will then be delivered to a lucky senior. The 11-year-old initiative, which began on Nov. 12 and runs until Dec. 8, began in 2015, intends to reduce the loneliness felt by seniors during the holiday season. The retailer has delivered gifts to over 75,000 seniors so far. “Loneliness affects a significant number of seniors across Canada, and we’re committed to working with our customers to bring joy to those without family or friends this holiday season,” Clint Mahlman, the president and chief operating officer of London Drugs, said in a news release. “The Stocking Stuffers for Seniors program allows us to collectively make a positive difference in the lives of those who need it most, especially during what can be a challenging time of year. We encourage customers to join us in rekindling the spirit of giving and ensuring no senior is forgotten this year.” This year, London Drugs has partnered with over 200 care homes in Western Canada to deliver presents to seniors. LDExtras members who donate a gift will receive 1,000 LDExtras points before Dec. 1 and 500 points until the end of the program. More information can be found at londondrugs.com .ASI sentenced to 4-year RI for 8K bribeTuning DBMS: The Secret Life of Queries and Runtime Data
Rivalry Closes Non-Brokered Private Placement Of Approximately $2.0 MillionCodexis Announces New Employment Inducement GrantsNEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Insight Acquisition Corp. (NASDAQ: INAQ) announced today that its stockholders have approved an extension of the time period by which the Company has to consummate an initial business combination (the "Business Combination Period”) from December 7, 2024, to March 7, 2025 (the "Extended Termination Date"). The extension was made through the adoption of the Fourth Extension Amendment to the Company's amended and restated certificate of incorporation (the "Charter”), which was filed today with the Delaware Secretary of State. Adoption of the Fourth Extension Amendment required approval by the affirmative vote of at least 65% of the Company's outstanding shares of common stock. The proposal was approved by the Company's stockholders holding 4,950,037 shares, representing approximately 75.93% of the Company's outstanding shares of common stock. About Insight Acquisition Corp. Insight Acquisition Corp. (NASDAQ: INAQ) is a special purpose acquisition company formed solely to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Insight Acquisition Corp. is sponsored by Insight Acquisition Sponsor LLC. For additional information, please visit insightacqcorp.com. About Alpha Modus Alpha Modus is engaged in creating, developing and licensing data-driven technologies to enhance consumers' in-store digital experience at the point of decision. The company was founded in 2014 and is headquartered in Cornelius, North Carolina. Alpha Modus is party to a business combination agreement with Insight Acquisition Corp. ( INAQ ) whereby Alpha Modus plans to become a publicly trading company (the "Business Combination”). For additional information, please visit alphamodus.com . Contacts: Insight Acquisition Corp. Chelsea Saffran [email protected] Alpha Modus Shannon Devine MZ Group +1(203) 741-8841 [email protected]
PHOENIX – Like many sports fans, Alex Kane struggled to understand the traditional moneyline odds system placed by sports bookmakers on events. So he helped launch a new sportsbook modeled after a stock-trading platform that uses probability to simplify wagering.
Stock market today: Wall Street hits records despite tariff talk
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