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The shooting death of high-ranking UnitedHealth Group Inc. executive Brian Thompson has uncovered a deep anger among Americans who say the health insurance industry has too often failed to cover large medical bills and stood in the way of necessary care. “There’s clearly a sense of real discontent and distrust of the industry revealed in social media,” said Brian Klepper, principal of the Healthcare Performance Inc. consulting firm. “That’s not a healthy environment for an industry to prosper.” The reaction to the shooting is a wake-up call for sprawling companies that have seen their profits and stock prices rise over the past few years. Social media has given millions of Americans the means to amplify their long-simmering dissatisfaction with health insurers, and in the wake of Thompson’s death, X, Reddit, TikTok and other platforms lit up with hatred aimed at the industry. Kevin Farmer, a University of Florida orthopedics and sports medicine professor who posted on X about the shooting, said frustration with insurance is something doctors see every day. “I mean, what that can do to someone’s emotional thought process and reaction,” Farmer said. “They feel helpless.” The motive for Thompson’s killing remains unclear. New York police released images Thursday of a man they said is wanted in connection with the shooting and searched a Manhattan hostel where the person is believed to have stayed. No direct evidence has emerged to connect the shooting with any dispute over UnitedHealth’s business, though a shell casing and live ammunition round inscribed with “delay” and “depose” were recovered from the sidewalk at the midtown hotel where Thompson, 50, was attacked. The words echo complaints many American consumers have aired about long waits for insurers to pay medical bills and legal fights over claims. While the inscriptions suggest the shooting might be tied to an insurance dispute, investigators also have to consider whether they may be a distraction designed to divert from the true motive, said Joseph Giacalone, a former New York Police Department sergeant who’s now a professor at the John Jay College of Criminal Justice. “They are going to take everything seriously but have to have an open mind that this could be a potential ruse,” he said. Though insurers have rarely discussed it publicly, concerns that a frustrated policyholder could turn to violence have long percolated within the industry. Former health-insurance executive Michael Sherman said when he worked at Humana Inc. more than a decade ago the company had built “safe rooms” for executives at its Louisville, Kentucky, headquarters. Later, when he became the chief medical officer at Point32Health, he said the nonprofit insurer based in Massachusetts installed a panic button under his desk and hired private security for the executive suite. Still, Sherman said the idea that an insurance executive could be targeted by a killer was largely unthinkable. “People are shocked,” he said. “This is shaking people up and causing them to think more about the implications of these decisions, and perhaps the need for more security.” Humana declined to comment on its security procedures. Security steps Thompson’s killing should compel insurers to reexamine their security measures, from increasing surveillance of executives’ parking spots to adding panic buttons and bullet-resistant safe rooms to their executive suites, said Paul Sarnese, the former president of the International Association for Healthcare Security and Safety, an organization dedicated to protecting the health-care industry. UnitedHealth had a security team at the New York Hilton Midtown hotel for its investor day, but it didn’t have anyone stationed outside where the executive was shot, according to a person familiar with the matter. The company didn’t comment on the security situation. Sarnese said threats against health-care workers in general have increased since the COVID-19 pandemic, when many Americans grew disillusioned with recommendations about masking, isolating while sick and vaccines. Health insurers, who in the routine course of their business make millions of decisions every year that can have profound effects on people’s physical and financial wellbeing, are especially likely to elicit emotional responses from the public. A Gallup survey last fall asked respondents what they thought of the services provided by health insurers. Sixty-eight percent gave ratings of “only fair” or “poor.” Only 5 percent said it was “excellent.” “Imagine having a pre-existing condition and being denied your medical care,” Sarnese said. “You’re not only putting all this stress on someone who has a medical condition, but now you’re putting financial stress on their families. That stress can really push someone to threaten executives or act upon their threats.” The online vitriol generated by the Thompson shooting spilled into policy decisions by other insurers. Former Washington Post writer Taylor Lorenz generated an outcry after she posted on Bluesky Wednesday about a policy change from some units of Elevance Health Inc. that doctors said would limit coverage if operations ran long. “And people wonder why we want these executives dead,” she wrote. On Thursday, Elevance backtracked. “There has been significant widespread misinformation about an update to our anesthesia policy,” Elevance spokesperson Leslie Porras said. “As a result, we have decided to not proceed with this policy change. To be clear, it never was and never will be the policy of Anthem Blue Cross Blue Shield to not pay for medically necessary anesthesia services.” Several hours after the shooting on Wednesday, Sarah London, chief executive officer of health insurer Centene Corp. pulled out of a planned appearance at a conference sponsored by Forbes in New York. London canceled out of respect for Thompson, not because of security concerns, according to a person familiar with the matter. Centene’s investor day that was scheduled to be held in person next week was moved online. Centene declined to comment on its security procedures. Industry officials defended the role that insurers play in the health-care system and said that the wave of hate that bubbled up on social media in the aftermath of Thompson’s killing was unwarranted. “The people in our industry are mission-driven professionals working to make coverage and care as affordable as possible and to help people navigate the complex medical system,” Mike Tuffin, president and CEO of trade group America’s Health Insurance Plans, said in a statement. “We condemn any suggestion that threats against our colleagues — or anyone else in our country — are ever acceptable.” Lightning rod UnitedHealth is one of the largest health care conglomerates in the U.S., housing the UnitedHealthcare insurance business that Thompson led, as well as vast operations focused on managing drug benefits and doctors’ offices. As a result of that broad reach, it has become a frequent target for criticism. The company was among a group of insurers that was slammed in a Senate report earlier this year for using automated tools to increase claim denials. The rate at which the company denied prior authorization for post-acute care more than doubled from 2020 to 2022, the Senate report found. In February, Bloomberg reported that the Department of Justice had opened an antitrust investigation into the company. Last month, the U.S. sued to block its $3.3 billion purchase of Amedisys Inc. over concerns the deal would harm competition in the market for home-health and hospice services. Also this year, the company’s Change Healthcare technology business was the target of hackers who gained access to the medical and other personal information of millions of Americans.By REBECCA SANTANA, Associated Press WASHINGTON (AP) — The picture of who will be in charge of executing President-elect Donald Trump’s hard-line immigration and border policies has come into sharper focus after he announced his picks to head Customs and Border Protection and also the agency tasked with deporting immigrants in the country illegally. Trump said late Thursday he was tapping Rodney Scott, a former Border Patrol chief who’s been a vocal supporter of tougher enforcement measures, for CBP commissioner. As acting director of Immigration and Customs Enforcement, Trump said he’d nominate Caleb Vitello, a career ICE official with more than 23 years in the agency who most recently has been the assistant director for firearms and tactical programs. They will work with an immigration leadership team that includes South Dakota Gov. Kristi Noem as head of the Department of Homeland Security ; former acting Immigration and Customs Enforcement head Tom Homan as border czar ; and immigration hard-liner Stephen Miller as deputy chief of staff. Customs and Border Protection, with its roughly 60,000 employees, falls under the Department of Homeland Security. It includes the Border Patrol, which Scott led during Trump’s first term, and is essentially responsible for protecting the country’s borders while facilitating trade and travel. Scott comes to the job firmly from the Border Patrol side of the house. He became an agent in 1992 and spent much of his career in San Diego. When he joined the agency, San Diego was by far the busiest corridor for illegal crossings. Traffic plummeted after the government dramatically increased enforcement there, but critics note the effort pushed people to remote parts of California and Arizona. San Diego was also where wall construction began in the 1990s, which shaped Scott’s belief that barriers work. He was named San Diego sector chief in 2017. When he was appointed head of the border agency in January 2020, he enthusiastically embraced Trump’s policies. “He’s well known. He does know these issues and obviously is trusted by the administration,” said Gil Kerlikowske, the CBP commissioner under the Obama administration. Kerlikowske took issue with some of Scott’s past actions, including his refusal to fall in line with a Biden administration directive to stop using terms like “illegal alien” in favor of descriptions like “migrant,” and his decision as San Diego sector chief to fire tear gas into Mexico to disperse protesters. “You don’t launch projectiles into a foreign country,” Kerlikowske said. At the time Scott defended the agents’ decisions , saying they were being assaulted by “a hail of rocks.” While much of the focus of Trump’s administration may be on illegal immigration and security along the U.S.-Mexico border, Kerlikowske also stressed the importance of other parts of Customs and Border Protection’s mission. The agency is responsible for securing trade and international travel at airports, ports and land crossings around the country. Whoever runs the agency has to make sure that billions of dollars worth of trade and millions of passengers move swiftly and safely into and out of the country. And if Trump makes good on promises to ratchet up tariffs on Mexico, China and Canada, CBP will play an integral role in enforcing them. “There’s a huge amount of other responsibility on trade, on tourism, on cyber that take a significant amount of time and have a huge impact on the economy if it’s not done right,” Kerlikowske said. After being forced out under the Biden administration, Scott has been a vocal supporter of Trump’s hard-line immigration agenda. He has appeared frequently on Fox News and testified in Congress. He’s also a senior fellow at the Texas Public Policy Foundation. In a 2023 interview with The Associated Press, he advocated for a return to Trump-era immigration policies and more pressure on Mexico to enforce immigration on its side of the border.
No. 5 UCLA snaps No. 1 South Carolina's 43-game win streakClippers Star Kawhi Leonard Declared Ineligible for Any NBA Awards
The South Carolina women's basketball team has been defeated for the first time since March 31, 2023. The No. 1 Gamecocks fell Sunday in Los Angeles as Lauren Betts posted a double-double effort to lead No. 5 UCLA to a 77-62 triumph. The Gamecocks (5-1) suffered their first defeat after 43 consecutive victories, dating back to the loss to Iowa 77-73 in the NCAA Tournament semifinals. South Carolina defeated Iowa last season for the national championship. Betts finished with 11 points, a game-high 14 rebounds, four assists and four blocks to power the Bruins (5-0) to a historic victory. UCLA also got 15 points from Londynn Jones on 5-of-5 shooting from 3-point range, 13 points from Elina Aarnisalo and 11 each from Kiki Rice and Gabriela Jacquez. It's the first time UCLA has beaten South Carolina since 1981. The Bruins lost twice to the Gamecocks in the 2022-23 season, including in the Sweet 16 of the NCAA Tournament. Te-Hina Paopao had 18 points for South Carolina on 4-of-4 3-point shooting, while Tessa Johnson had 14 points. UCLA won the rebounding battle 41-34, marking the second time this season the Gamecocks have been outrebounded. South Carolina also got outscored in the paint 26-18. It's rare that a Dawn Staley-coached team -- units that typically revolve around dominant centers from A'ja Wilson to Aaliyah Boston to Kamilla Cardoso -- gets beat in the paint and on the glass, but with 6-foot-7 Betts, UCLA had the recipe to outmuscle the Gamecocks in those areas of the game. South Carolina never led after UCLA began the game with an 18-5 run, capped off by back-to-back 3-pointers from Jones. The Gamecocks cut the deficit to nine points in the second quarter, but the Bruins responded with a 17-5 run and entered halftime ahead by 21 points. Aarnisalo scored seven points during that run. From there, the Gamecocks never got within single digits of the lead in the second half. It's the first time in 21 tries that UCLA has beaten an AP-ranked No. 1 team. And it's the first time South Carolina lost a true road game since 2021, a streak of 33 games. The schedule doesn't get any easier for South Carolina. While UCLA faces UT Martin next on Friday, the Gamecocks play No. 8 Iowa State on Thursday. --Field Level MediaMinister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Friday chaired a meeting to review key strategy developed by World Bank in consultation with federal government, provincial governments and private sector ISLAMABAD, (UrduPoint / Pakistan Point News - 6th Dec, 2024) Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Friday chaired a meeting to review key strategy developed by World Bank in consultation with federal government, provincial governments and private sector. The strategy was developed considering Pakistan’s socio-economic issues and vision especially “5Es Framework to Turnaround Pakistan” in order to address key challenges and exploit opportunities, a news release said. Under the strategy, called "New Pakistan Country Partnership Framework of World Bank FY 2026 -35," several projects of different priority areas would be developed. The priority areas include structural reforms, human capital development, energy sector reforms, climate adaptation and increasing economic opportunities including in agriculture field. The World Bank had organized consultative workshops to discuss the priorities of CPF with Federal Government, Provincial Governments and Private Sector during June to August, 2024. Minister Ahsan Iqbal while chairing the meeting asserted relevant ministries to ensure that the strategy must reflect priorities that are aligned with development framework of the government. He also asserted that the focus of every project must be adoption of emerging technology in order to transform Pakistan into a techno economy. In addition, he directed the stakeholders to develop clearly laid out Key Performance Indicators (KPIs) so that the financing procured under the partnership is used effectively. The minister was briefed that the overall objective of the CPF is to promote Pakistan’s transformation to a higher growth path that is inclusive, resilient, and sustainable through six outcomes linked with measurable targets. The outcomes include reduced child stunting, reduced learning poverty, increasing resistance to climate change, cleaner energy and better air quality, more public resources for inclusive development, increased productive private investment. The six outcomes are divided across different themes and categories. Under the structural reforms category, discussions were held to mobilize resources of government institutes to fast tract service delivery and remove hurdles facing the process of government functioning. The human capital development category will include projects aimed at reducing child stunting and improving foundational learning. Under the category of energy sector reforms, renewable energy projects will be implemented. As for the climate adaption category, projects targeted towards coping with water scarcity and climate related shocks will be developed. It was also discussed that improving air quality will be one of the focus areas of climate related projects. Under the fifth category, i.e. increasing economic opportunities, projects developed to facilitate jobs for the underprivileged citizens will be implemented. The partnership with World Bank will help in achieving key development priorities for long term development in the next few years.NoneFederal appeals court upholds TikTok divestiture law, setting stage for potential US ban
By REBECCA SANTANA, Associated Press WASHINGTON (AP) — The picture of who will be in charge of executing President-elect Donald Trump’s hard-line immigration and border policies has come into sharper focus after he announced his picks to head Customs and Border Protection and also the agency tasked with deporting immigrants in the country illegally. Trump said late Thursday he was tapping Rodney Scott, a former Border Patrol chief who’s been a vocal supporter of tougher enforcement measures, for CBP commissioner. As acting director of Immigration and Customs Enforcement, Trump said he’d nominate Caleb Vitello, a career ICE official with more than 23 years in the agency who most recently has been the assistant director for firearms and tactical programs. Related Articles They will work with an immigration leadership team that includes South Dakota Gov. Kristi Noem as head of the Department of Homeland Security ; former acting Immigration and Customs Enforcement head Tom Homan as border czar ; and immigration hard-liner Stephen Miller as deputy chief of staff. Customs and Border Protection, with its roughly 60,000 employees, falls under the Department of Homeland Security. It includes the Border Patrol, which Scott led during Trump’s first term, and is essentially responsible for protecting the country’s borders while facilitating trade and travel. Scott comes to the job firmly from the Border Patrol side of the house. He became an agent in 1992 and spent much of his career in San Diego. When he joined the agency, San Diego was by far the busiest corridor for illegal crossings. Traffic plummeted after the government dramatically increased enforcement there, but critics note the effort pushed people to remote parts of California and Arizona. San Diego was also where wall construction began in the 1990s, which shaped Scott’s belief that barriers work. He was named San Diego sector chief in 2017. When he was appointed head of the border agency in January 2020, he enthusiastically embraced Trump’s policies. “He’s well known. He does know these issues and obviously is trusted by the administration,” said Gil Kerlikowske, the CBP commissioner under the Obama administration. Kerlikowske took issue with some of Scott’s past actions, including his refusal to fall in line with a Biden administration directive to stop using terms like “illegal alien” in favor of descriptions like “migrant,” and his decision as San Diego sector chief to fire tear gas into Mexico to disperse protesters. “You don’t launch projectiles into a foreign country,” Kerlikowske said. At the time Scott defended the agents’ decisions , saying they were being assaulted by “a hail of rocks.” While much of the focus of Trump’s administration may be on illegal immigration and security along the U.S.-Mexico border, Kerlikowske also stressed the importance of other parts of Customs and Border Protection’s mission. The agency is responsible for securing trade and international travel at airports, ports and land crossings around the country. Whoever runs the agency has to make sure that billions of dollars worth of trade and millions of passengers move swiftly and safely into and out of the country. And if Trump makes good on promises to ratchet up tariffs on Mexico, China and Canada, CBP will play an integral role in enforcing them. “There’s a huge amount of other responsibility on trade, on tourism, on cyber that take a significant amount of time and have a huge impact on the economy if it’s not done right,” Kerlikowske said. After being forced out under the Biden administration, Scott has been a vocal supporter of Trump’s hard-line immigration agenda. He has appeared frequently on Fox News and testified in Congress. He’s also a senior fellow at the Texas Public Policy Foundation. In a 2023 interview with The Associated Press, he advocated for a return to Trump-era immigration policies and more pressure on Mexico to enforce immigration on its side of the border.AP News Summary at 3:43 p.m. EST
Scottie Scheffler goes on a run of birdies in the Bahamas and leads by 2Target Stock Plunges: Should You Buy the Dip or Run for Cover?
WASHINGTON — President-elect Donald Trump said U.S. government officials, including President Joe Biden , know where the mysterious drone sightings along the East Coast are coming and going from, accusing the leaders of intentionally keeping those details from the public. Trump said the U.S. military also knows where the drones took off and where they went afterward. "And for some reason, they don't want to comment," he said Monday at a news conference at his private club Mar-a-Lago. "And I think they'd be better off saying what it is. Our military knows. And our president knows. And for some reason, they want to keep people in suspense." "I can't imagine it's the enemy, because if it was the enemy, they'd blast it out. Even if they were late, they'd blast it," he added. "Something strange is going on. For some reason they don't want to tell the people, and they should." The president-elect also said he was reconsidering visiting his Bedminster, New Jersey, club as a result of the nearby sightings. "I think maybe I won't spend the weekend in Bedminster," Trump said from his Florida club with a smile. "I've decided to cancel my trip." Trump declined to say whether he'd received an intelligence briefing on the sightings, and it was not clear from his remarks if he had direct knowledge of the origins of the strange lights in the sky, which have been spotted in New Jersey and New York. Federal authorities have tried to reassure residents that the objects don’t appear to be operating nefariously. The FBI and the Department of Homeland Security have said such sightings mostly appear to be not drones at all. Trump previously said in a social media post that he did not think drones could be flying over the U.S. without the federal government's knowledge. He said the Biden administration should tell the public more information or "shoot them down." White House national security spokesman John Kirby said last week that despite using "sophisticated electronic detection technologies provided by federal authorities," that neither federal nor local officials had not been able to "corroborate any of the reported visual sightings." The Department of Defense told reporters on a Saturday call that the U.S. does not have intelligence or observations that would suggest any drones that have flown over military bases recently are associated with a foreign power. However, the department said it can not be certain, partly because personnel have to coordinate with local and federal officials to track them down. The lights in the sky were first spotted in New Jersey in November. The sightings have continued for nearly a month, prompting concern from elected officials. New York Gov. Kathy Hochul called on Congress on Saturday to enact stricter drone oversight. The Biden administration had previously asked Congress to take action. U.S. officials have repeatedly said they do not have any evidence to suggest the drones are being operated by a foreign government or present a danger to Americans. "It is our job to be vigilant," Homeland Security Secretary Alejandro Mayorkas said Sunday on ABC News. "If there is any reason for concern, if we identify any foreign involvement or criminal activity we will communicate with the American public accordingly. Right now we are not aware of any." Contributing: Jeanine SantucciIt’s a milestone for stoners. New York is set to hit the $1 billion mark in cannabis sales since the legal market launched two years ago, state officials tell The Post. “These numbers clearly indicate that New York is open for business. There’s strong momentum behind the market right now,” said John Kagia, policy director for the state’s Office of Cannabis Management. Pot sales hit $863.9 million as of last week — and they could top the billion-dollar mark by the end of December, regulators say. The state surpassed $500 million in sales in August. The market has ramped in recent months after a rocky rollout marred by lawsuits, a massive illegal market and enormous backlogs in the awarding of retail licenses issued by the often-criticized understaffed and overwhelmed OCM. The turmoil and hiccups delayed the state’s timeline to develop the new legal market for marijuana. Gov. Kathy Hochul ordered a management shake-up after a scathing report she commissioned in May issued blunt criticism of how the regulatory agency was run, and 64 new staffers were hired. OCM currently employs 213 full-time workers, said OCM rep Taylor Randi Lee. There are now 245 licensed retail weed outlets, up from 41 stores at the end of 2023. Retail sales of weed have generated $22 million in combined tax revenues for local governments, including $7.9 million to New York City, according to state Comptroller Tom DiNapoli’s office. More than $16.6 million in tax revenue from the pot business also flowed to the state treasury through June and is on pace to double last year’s total Kagia said beefed-up enforcement and the padlocking of illegal pot shops under a new law approved by Hochul and the state Legislature had a big and immediate impact on boosting the bottom line of licensed cannabis retailers. Sales more than doubled — soaring 105% — among cannabis retailers that were in business before “Operation Padlock” took place in the spring and afterward, a survey by OCM found. Hochul’s office claimed the pot market is now reaching new highs. “Thanks to Governor Hochul’s leadership, more than 1,000 illegal dispensaries have been shut down, and the legal market, nearing $1 billion in sales, is booming,” said Hochul spokesman Miguel Arreola. “Her policies have helped transform the industry, increase revenues for local businesses, and spur reinvestments in the communities most harmed by historical wrongs — all while building the most equitable cannabis market in the nation,” the Hochul rep added. But social-justice advocates complain that too few licenses have gone to operators in communities disproportionately impacted by the war on drugs when marijuana was considered a crime — 5% of those set aside for the “equity” market and 2.5% overall. Still, Kagia said, “Any kind of conclusion is entirely premature. We still have a huge number of licenses to issue.” He said the cannabis agency has instituted a better and more accountable licensing process, such as making a staffer ” a point of contact” responsible for handling an applicant or licensee. More staff is being added to reduce the backlog of applications, too, Kagia said. An analysis by LeafLink, an online platform where pot retailers buy their cannabis from wholesalers, said New York has turned the corner and is now an emerging market primed for growth. “It’s clear New York is moving past some of its initial challenges and is on the path to meeting the lofty expectations that surround this market,” said LeafLink Vice President for Policy Rodney Holcombe. “Similar to other new markets, more work needs to be done to make sure businesses have the environment and proper tools at their disposal to run their businesses efficiently.” New York can only go up. A recent study said it could support 1,000 new pot stores . The LeafLink report shows New York is a cellar-dweller compared to other states that have legalized cannabis. Oklahoma, for example, has 1,900 licensed pot shops. New York currently has 245. There’s also data on pot sales per resident: Alaska is tops with $350 per resident, and Michigan has sales of more than $300 per person. New York sales are under under $50 per resident, about half of even neighboring New Jersey — even though both states legalized pot around the same time. One Downtown Manhattan pot retailer said high times are ahead. “New York’s cannabis market is certainly beginning to take off, especially here in New York City where the appetite for regulated, high-quality products is growing in tandem with efforts to curb the illicit market,” said Vanessa Yee-Chan, owner and founder of Atta Dispensary at 52 Kenmare St., the first weed retailer to open in Chinatown. “Since our grand opening nearly two months ago, our customer base has consistently grown, and we’ve had to increase the frequency in which we place purchase orders for certain products to ensure we are keeping things in stock.”
Scottie Scheffler goes on a run of birdies in the Bahamas and leads by 2Why are US universities advising foreign students to ‘return early’ from winter break?
Trump voices support for Hegseth, says he's "doing very well" President-elect Donald Trump took to social media Friday to defend his embattled pick for secretary of defense, Pete Hegseth. CBS News political reporter Olivia Rinaldi has the latest on Hegseth's effort to be confirmed for the job.TOWSON 64, MORGAN STATE 60Trump's immigration and border team is filling out.
PM Images Ares Capital ( NASDAQ: ARCC ) is the largest BDC by market capitalization. In recent quarters early signs of improving portfolio quality has begun to emerge. Its most recent results also show the first signs of payments in kind declining as Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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