Theresa May resigns as UK prime minister amid Brexit crisis

Britain’s Theresa May announced her resignation as prime minister on Friday morning, drawing her turbulent three-year premiership to an abrupt end. But, she said it was with “deep regret” that she had ultimately failed to reach a consensus among lawmakers. “I will shortly leave the job that it has been the honor of my life to hold. The second female prime minister but certainly not the last.” Sterling briefly rose 0.5% to climb above $1.27 shortly after May’s statement, before paring gains as in


Britain’s Theresa May announced her resignation as prime minister on Friday morning, drawing her turbulent three-year premiership to an abrupt end. But, she said it was with “deep regret” that she had ultimately failed to reach a consensus among lawmakers. “I will shortly leave the job that it has been the honor of my life to hold. The second female prime minister but certainly not the last.” Sterling briefly rose 0.5% to climb above $1.27 shortly after May’s statement, before paring gains as in
Theresa May resigns as UK prime minister amid Brexit crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith, david reid
Keywords: news, cnbc, companies, amid, ultimately, crisis, minister, resigns, theresa, threeyear, withdrawal, union, shortly, turbulent, country, uk, prime, brexit, voice


Theresa May resigns as UK prime minister amid Brexit crisis

Britain’s Theresa May announced her resignation as prime minister on Friday morning, drawing her turbulent three-year premiership to an abrupt end.

She will step down as Conservative Party leader on June 7.

In an emotional speech outside 10 Downing Street, May said she had “done everything” she could to convince members of Parliament to back the Brexit withdrawal agreement she had negotiated with the European Union. But, she said it was with “deep regret” that she had ultimately failed to reach a consensus among lawmakers.

“I believe it was right to persevere even when the odds against success seemed high, but it is now clear to me that it is in the best interests of the country for a new prime minister to lead that effort,” May said at a hastily arranged press conference.

“I will shortly leave the job that it has been the honor of my life to hold. The second female prime minister but certainly not the last.”

“I do so with no ill will but with enormous and enduring gratitude to have had the opportunity to serve the country I love,” May said, her voice shaking.

Sterling briefly rose 0.5% to climb above $1.27 shortly after May’s statement, before paring gains as investors digested the news.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith, david reid
Keywords: news, cnbc, companies, amid, ultimately, crisis, minister, resigns, theresa, threeyear, withdrawal, union, shortly, turbulent, country, uk, prime, brexit, voice


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US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more


Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more
US Treasury yields tick higher amid ongoing trade war worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…

Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it…

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Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


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US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more


Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more
US Treasury yields tick higher amid ongoing trade war worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…

Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it…

Politics

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Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


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Asian markets mixed amid geopolitical developments

Stocks in Asia were mixed on Monday amid a series of geopolitical developments across the region. The moves came after Japan’s economic growth in the first quarter rose above expectations. The ASX 200 in Australia rose 1.74% to close at 6,476.10, after Australia’s conservative coalition secured an outright parliamentary majority on Monday following a shock election victory. The financial subindex Down Under surged 5.85%, with shares of Commonwealth Bank of Australia jumping 6.27% and National Au


Stocks in Asia were mixed on Monday amid a series of geopolitical developments across the region. The moves came after Japan’s economic growth in the first quarter rose above expectations. The ASX 200 in Australia rose 1.74% to close at 6,476.10, after Australia’s conservative coalition secured an outright parliamentary majority on Monday following a shock election victory. The financial subindex Down Under surged 5.85%, with shares of Commonwealth Bank of Australia jumping 6.27% and National Au
Asian markets mixed amid geopolitical developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-20  Authors: eustance huang
Keywords: news, cnbc, companies, surged, developments, quarter, lower, australia, slipped, shares, trading, mixed, rose, markets, asian, shenzhen, amid, geopolitical, showed


Asian markets mixed amid geopolitical developments

Stocks in Asia were mixed on Monday amid a series of geopolitical developments across the region.

The Nikkei 225 in Japan added 0.24% to close at 21,301.73, as shares of index heavyweights such as Fast Retailing and Softbank Group advanced. The Topix also edged up fractionally to finish its trading day at 1,554.92.

The moves came after Japan’s economic growth in the first quarter rose above expectations.

Japan’s economy grew at an annualized 2.1% in the first quarter, gross domestic product (GDP) data showed on Monday, beating market expectations for a 0.2% contraction.

In South Korea, the Kospi closed flat at 2,055.71.

The ASX 200 in Australia rose 1.74% to close at 6,476.10, after Australia’s conservative coalition secured an outright parliamentary majority on Monday following a shock election victory.

The financial subindex Down Under surged 5.85%, with shares of Commonwealth Bank of Australia jumping 6.27% and National Australia Bank advancing 7.90%. Australia and New Zealand Banking Group also surged 7.78%, while Westpac skyrocketed 9.21%.

The Australian dollar was last higher at $0.6926, though it remained lower than levels above $0.696 seen last week.

Over in India, the Nifty 50 jumped 2.9% after exit polls showed Prime Minister Narendra Modi was likely to return to power following the country’s general election.

In mainland China, however, shares ended the trading day lower. The Shanghai composite slipped 0.41% to 2,870.60 and the Shenzhen component shed 0.93% to 8,916.11. The Shenzhen composite also fell 0.75% to 1,521.72.

Hong Kong’s Hang Seng index slipped more than 0.5%, as of its final hour of trading.


Company: cnbc, Activity: cnbc, Date: 2019-05-20  Authors: eustance huang
Keywords: news, cnbc, companies, surged, developments, quarter, lower, australia, slipped, shares, trading, mixed, rose, markets, asian, shenzhen, amid, geopolitical, showed


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5 states file new lawsuits against OxyContin-maker Purdue Pharma amid opioid epidemic

China has plenty of ways to get back at US for treatment of…China has plenty of ways it can retaliate against U.S. treatment of Huawei, and U.S. companies could feel the brunt of it. Market Insiderread more


China has plenty of ways to get back at US for treatment of…China has plenty of ways it can retaliate against U.S. treatment of Huawei, and U.S. companies could feel the brunt of it. Market Insiderread more
5 states file new lawsuits against OxyContin-maker Purdue Pharma amid opioid epidemic Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
Keywords: news, cnbc, companies, plenty, amid, companies, file, insiderread, states, itmarket, ofchina, treatment, epidemic, ways, retaliate, pharma, huawei, lawsuits, feel, opioid, purdue, oxycontinmaker


5 states file new lawsuits against OxyContin-maker Purdue Pharma amid opioid epidemic

China has plenty of ways to get back at US for treatment of…

China has plenty of ways it can retaliate against U.S. treatment of Huawei, and U.S. companies could feel the brunt of it.

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Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
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Asia markets fall amid tariffs fears while Chinese trade data surprises

Asia stocks declined Wednesday as investors digested ongoing developments in the U.S.-China trade negotiations, which sent stateside shares tumbling overnight. Mainland Chinese shares were lower on the day, with the Shanghai composite down 1.12% to about 2,893.76. Chinese trade data for April showed both exports and trade surplus missed expectations while imports surprisingly rose. Customs data showed trade surplus was $13.84 billion, far lower than the $35 billion analysts had expected. Elsewhe


Asia stocks declined Wednesday as investors digested ongoing developments in the U.S.-China trade negotiations, which sent stateside shares tumbling overnight. Mainland Chinese shares were lower on the day, with the Shanghai composite down 1.12% to about 2,893.76. Chinese trade data for April showed both exports and trade surplus missed expectations while imports surprisingly rose. Customs data showed trade surplus was $13.84 billion, far lower than the $35 billion analysts had expected. Elsewhe
Asia markets fall amid tariffs fears while Chinese trade data surprises Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: eustance huang
Keywords: news, cnbc, companies, trade, tariffs, fall, declined, lower, fell, asia, amid, surprises, markets, index, fears, chinese, shenzhen, shares, data, surplus, showed


Asia markets fall amid tariffs fears while Chinese trade data surprises

Asia stocks declined Wednesday as investors digested ongoing developments in the U.S.-China trade negotiations, which sent stateside shares tumbling overnight.

Mainland Chinese shares were lower on the day, with the Shanghai composite down 1.12% to about 2,893.76. The Shenzhen component slid 0.96% to 9,002.53 while the Shenzhen composite declined 0.649% to approximately 1,530.31.

Chinese trade data for April showed both exports and trade surplus missed expectations while imports surprisingly rose. Customs data showed trade surplus was $13.84 billion, far lower than the $35 billion analysts had expected.

April exports fell 2.7 percent from a year ago. They were expected to have risen 2.3 percent from a year earlier, according to economists Reuters polled.

The Hang Seng index in Hong Kong declined around 1.2%, as of its final hour of trading.

Elsewhere in Asia, Japan’s Nikkei 225 dropped 1.46% to close at 21,602.59, with shares of index heavyweight Fanuc declining 2.24%. The Topix index also fell 1.72% to 1,572.33.

In South Korea, the Kospi finished its trading day lower by 0.41% at 2,168.01, with Samsung Electronics shares declining 1.34%.

Australia’s ASX 200 also shed 0.42% to close at 6,269.10, as most sectors slipped. Shares of TPG Telecom plunged 13.53% after the company’s merger with Vodafone was blocked by the Australian Competition and Consumer Commission.

“”From an asset allocation perspective … we think that we are quite defensive right now, waiting for this volatility to pass,” Thomas Poullaouec, head of Asia Pacific multi-asset solutions at T. Rowe Price, told CNBC’s “Street Signs” on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: eustance huang
Keywords: news, cnbc, companies, trade, tariffs, fall, declined, lower, fell, asia, amid, surprises, markets, index, fears, chinese, shenzhen, shares, data, surplus, showed


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Treasury yields fall to lowest levels in a month amid trade war threat

U.S. government debt prices rose on Tuesday, as investors remain concerned about President Donald Trump’s threat to hike tariffs on Chinese goods as soon as Friday. The yield on the benchmark 10-year Treasury note, which moves inversely to price, fell to 2.444%, the lowest level since April 1, while the yield on the 30-year Treasury bond was also lower at around 2.87%.


U.S. government debt prices rose on Tuesday, as investors remain concerned about President Donald Trump’s threat to hike tariffs on Chinese goods as soon as Friday. The yield on the benchmark 10-year Treasury note, which moves inversely to price, fell to 2.444%, the lowest level since April 1, while the yield on the 30-year Treasury bond was also lower at around 2.87%.
Treasury yields fall to lowest levels in a month amid trade war threat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: yun li silvia amaro, yun li, silvia amaro
Keywords: news, cnbc, companies, threat, trade, fall, tariffs, soon, trumps, price, month, remain, yields, lowest, treasury, levels, amid, prices, rose, yield, war


Treasury yields fall to lowest levels in a month amid trade war threat

U.S. government debt prices rose on Tuesday, as investors remain concerned about President Donald Trump’s threat to hike tariffs on Chinese goods as soon as Friday.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, fell to 2.444%, the lowest level since April 1, while the yield on the 30-year Treasury bond was also lower at around 2.87%.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: yun li silvia amaro, yun li, silvia amaro
Keywords: news, cnbc, companies, threat, trade, fall, tariffs, soon, trumps, price, month, remain, yields, lowest, treasury, levels, amid, prices, rose, yield, war


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Asia Pacific stocks mixed amid renewed US-China trade uncertainty

Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday. The Chinese markets, which plunged more than 5% on Monday, attempted to stage a recovery during Tuesday’s session. The Shanghai composite rose 0.69% to close at about 2,926.39 and the Shenzhen component added 1.63% to finish its trading day at 9,089.46. The Topix index also declined 1.12% to finish its trading day at 1,599.84. Over in South Kor


Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday. The Chinese markets, which plunged more than 5% on Monday, attempted to stage a recovery during Tuesday’s session. The Shanghai composite rose 0.69% to close at about 2,926.39 and the Shenzhen component added 1.63% to finish its trading day at 9,089.46. The Topix index also declined 1.12% to finish its trading day at 1,599.84. Over in South Kor
Asia Pacific stocks mixed amid renewed US-China trade uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: eustance huang
Keywords: news, cnbc, companies, trade, treves, pacific, uncertainty, asia, trading, close, mixed, day, amid, index, whats, markets, rose, stocks, uschina, shenzhen, shares, renewed


Asia Pacific stocks mixed amid renewed US-China trade uncertainty

Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday.

The Chinese markets, which plunged more than 5% on Monday, attempted to stage a recovery during Tuesday’s session. The Shanghai composite rose 0.69% to close at about 2,926.39 and the Shenzhen component added 1.63% to finish its trading day at 9,089.46. The Shenzhen composite advanced 1.617% to close at approximately 1,540.31.

Meanwhile, Hong Kong’s Hang Seng index also added more than 0.3%, as of its final hour of trading, as shares of life insurer AIA gained beyond 1.5%.

The Nikkei 225 in Japan, which returned to the first day of trade following an extended holiday period, slipped 1.51% to close at 21,923.72 as shares of index heavyweight Fanuc dropped more than 3%. The Topix index also declined 1.12% to finish its trading day at 1,599.84.

Over in South Korea, the Kospi fell 0.88% to close at 2,176.99 as shares of Hyundai Motor dropped more than 1%.

Australia’s ASX 200, on the other hand, rose 0.19% to close at 6,295.70.

“I think what’s quite surprising here is just that people are surprised by what’s happened over the last few days,” Alexander Treves, managing director and investment specialist of emerging markets and Asia Pacific equities at J.P. Morgan Asset Management, told CNBC’s “Squawk Box” on Tuesday.

“Given the various people involved, surely an element of disruption was always going to be likely along the way through this process,” Treves said. “Our best guess at the moment is that this is a negotiating ploy.”


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: eustance huang
Keywords: news, cnbc, companies, trade, treves, pacific, uncertainty, asia, trading, close, mixed, day, amid, index, whats, markets, rose, stocks, uschina, shenzhen, shares, renewed


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SocGen first-quarter profit dives 26% amid choppy market conditions

Societe Generale first-quarter profit fell 26% over the first three months of the year, as challenging market conditions continued to hobble Europe’s banks. SocGen, France’s third-largest bank, posted net income of 631 million euros ($705 million) for the first three months of the year. That compared with net income of 850 million euros a year earlier and 624 million euros in the final three months of 2018. Analysts polled by Reuters had expected first-quarter profit to come in around 637 millio


Societe Generale first-quarter profit fell 26% over the first three months of the year, as challenging market conditions continued to hobble Europe’s banks. SocGen, France’s third-largest bank, posted net income of 631 million euros ($705 million) for the first three months of the year. That compared with net income of 850 million euros a year earlier and 624 million euros in the final three months of 2018. Analysts polled by Reuters had expected first-quarter profit to come in around 637 millio
SocGen first-quarter profit dives 26% amid choppy market conditions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sam meredith
Keywords: news, cnbc, companies, euros, market, net, dives, million, conditions, income, profit, choppy, amid, 26, banks, months, socgen, ratio, stood, firstquarter


SocGen first-quarter profit dives 26% amid choppy market conditions

Societe Generale first-quarter profit fell 26% over the first three months of the year, as challenging market conditions continued to hobble Europe’s banks.

SocGen, France’s third-largest bank, posted net income of 631 million euros ($705 million) for the first three months of the year. That compared with net income of 850 million euros a year earlier and 624 million euros in the final three months of 2018.

Analysts polled by Reuters had expected first-quarter profit to come in around 637 million euros.

Shares of SocGen were up more than 2% during early morning deals.

Here are some of the key takeaways:

First-quarter net income came in at 631 million euros, down from 850 million euros a year ago.

Revenues came in at 6.2 billion euros, down more than 1% when compared to the same three-month period in 2018.

The bank’s core capital ratio stood at 11.7% at the end of the first quarter.

“I am happy with the beginning of the year,” Frederic Oudea, CEO of SocGen, told CNBC’s Julianna Tatelbaum on Friday.

“I must say the very good news is on the capital ratio and we are showing that yes, we can definitely address this issue,” Oudea said.

Its common equity tier 1 ratio, which indicates a bank’s strength, stood at 11.7% at the end of the first quarter.

A protracted period of low interest rates has curtailed returns for retail banking in recent years, prompting SocGen — as well as other big European banks — to rely on the more volatile earnings from corporate and investment banking, with mixed results.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sam meredith
Keywords: news, cnbc, companies, euros, market, net, dives, million, conditions, income, profit, choppy, amid, 26, banks, months, socgen, ratio, stood, firstquarter


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Federal health officials urge some adults to get revaccinated against measles amid worst outbreak in 25 years

Federal health officials are urging some adults to get revaccinated against the measles amid the worst outbreak in 25 years, even though most should be protected. Most people are vaccinated with the measles, mumps and rubella shot that’s 97% effective when given both doses. “We’re really urging those adults to talk to their health-care provider to make sure that they’re protected against measles,” Messonier said. “But other adults should be reassured that the data really, really strongly support


Federal health officials are urging some adults to get revaccinated against the measles amid the worst outbreak in 25 years, even though most should be protected. Most people are vaccinated with the measles, mumps and rubella shot that’s 97% effective when given both doses. “We’re really urging those adults to talk to their health-care provider to make sure that they’re protected against measles,” Messonier said. “But other adults should be reassured that the data really, really strongly support
Federal health officials urge some adults to get revaccinated against measles amid worst outbreak in 25 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: angelica lavito
Keywords: news, cnbc, companies, vaccine, measles, dose, cdc, health, outbreak, vaccinated, federal, really, protected, urge, received, revaccinated, worst, disease, adults, officials, amid


Federal health officials urge some adults to get revaccinated against measles amid worst outbreak in 25 years

Federal health officials are urging some adults to get revaccinated against the measles amid the worst outbreak in 25 years, even though most should be protected.

The measles outbreak is at its highest level in the U.S. since 1994, with 704 confirmed cases so far this year, mostly among unvaccinated children, according to the Centers for Disease Control and Prevention. The disease is one of the most contagious in the world. Most people are vaccinated with the measles, mumps and rubella shot that’s 97% effective when given both doses.

“Most adults are protected against measles, that’s what the science says,” Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, said on a call with reporters Monday.

People born before 1957 are assumed to have had the disease and therefore be immune to it. The first measles, mumps and rubella shot in 1963 was considered ineffective and replaced with a new formulation in 1968.

Less than 1 million people were given the old vaccination over those five years, according to the CDC.

People vaccinated between 1963 and 1989 likely received only one dose of the modern vaccine. Updated guidelines call for two doses, though the CDC says one dose is still about 93% effective. Anyone born after 1989 likely received two doses.

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The CDC says adults who are going to be in a setting with a risk of measles exposure should find out whether they were vaccinated. Examples include people who are traveling internationally, working in health care, studying at universities or living in communities where outbreaks are occurring.

“We’re really urging those adults to talk to their health-care provider to make sure that they’re protected against measles,” Messonier said. “But other adults should be reassured that the data really, really strongly supports that they are already protected against measles.”

People who know they received the old vaccine should talk to their doctor about getting revaccinated with the current version, the agency says. If they aren’t sure, they can ask their doctor to perform a blood test to see if they’re immune or they can receive a dose of the modern vaccine, the CDC says.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: angelica lavito
Keywords: news, cnbc, companies, vaccine, measles, dose, cdc, health, outbreak, vaccinated, federal, really, protected, urge, received, revaccinated, worst, disease, adults, officials, amid


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