Why are US Republicans debating the future of H-1B high-skill work visas?AP Trending SummaryBrief at 5:34 p.m. EST
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Murdoch sat in a separate room, away from the DJ and partygoers holding pink cocktails, and met with the cream of Australia’s media, entertainment and sporting crop for a few minutes each to talk politics. Rupert Murdoch , the 93-year-old media baron , flew into Sydney this week for the first time in six years. On Thursday night, he held court at his eldest son Lachlan and wife Sarah ’s annual Christmas party at their Bellevue Hill mansion, Le Manoir, the AFR’s Sam Buckingham Jones reports. It is one of the biggest social events of the Murdoch calendar (which was cancelled last year ), and Rupert being there made this year arguably the biggest in years. Invites featured a piece from cartoonist Johannes Leak and the promise of “Christmas cocktails” while wearing smart casual. [Read more] The federal government is set to decide, in the coming fortnight, whether to force Meta to negotiate payment-for-content deals with Australian news media companies, The Australian’s James Madden reports. In 2021, the Morrison government introduced the news media bargaining code – legislation that required tech giants such as Meta and Google to pay for the right to display Australian news content on their platforms. In February this year, Meta – owner of Facebook, Instagram, WhatsApp and Threads – announced that it wouldn’t be renewing its commercial deals with Australian news publishers, which were worth an estimated $70 million a year to the industry. Under the terms of the bargaining code, the Australian government could “designate” Meta, which would force the Mark Zuckerberg-controlled company back to the bargaining table to reach commercial terms with Australian media companies. [Read more] Newsroom unrest within Nine’s TV news bunker is likely to continue over the Christmas-New Year period, as management battles to allay deep concerns among rank-and-file staff that the company’s handling of internal workplace issues – in the wake of the devastating Intersection report – has fallen short of expectations, The Australian’s James Madden reports. Diary is aware that Fiona Dear , Nine’s director of news and current affairs, has been the subject of multiple complaints from newsroom staff to management in the seven weeks since the publication of the Intersection review, which uncovered a culture of entrenched bullying and power imbalances within the company. The claims against Dear are separate to allegations raised as part of the Intersection review, and do not necessarily relate to allegations of misconduct since the report was handed down in late October. Rather, it’s understood that the general findings of the Intersection review prompted some staff to make separate, and as yet untested, claims against Dear. [Read more] Growing up in Marrickville in the 1980s, Anh Do’s friends nicknamed him “Weirdo” – a playful twist on his surname (“Weir Do”). Little did Do know that the books he would go on to write, inspired by his childhood, would dominate Australia’s bestseller lists for five consecutive years. Now, they’re set to hit television screens, The Age’s Kerrie O’Brien reports. The Weirdo series is being turned into a television series by Ludo studio – creator of the beloved children’s show Bluey – in partnership with Warner Bros. A release date has not yet been announced. Do’s Wolf Girl series is being adapted into a film by Rose Byrne’s production company Dollhouse Pictures, alongside Foundation Media Partners, with casting expected to begin in coming months. Along with the team at Ludo, Do worked on the pilot episode of Weirdo with Johnny Lowry, now at Warner Bros, who produced the ABC TV show Anh’s Brush with Fame . [Read more] In mid-October, Nine Radio director Tom Malone pulled the trigger on a plan to slash costs at Perth’s talkback radio station, 6PR, the AFR’s Sam Buckingham Jones reports. This, he argued in internal messages, was necessary to “reset” 6PR, which was running at a loss and could no longer be propped up by the broader business. Station manager Emily White ended her 14-year tenure by resigning a short time later – while popular presenter Gary Adshead , who hosted the morning show, quit within days to join the ABC. The Perth cuts are part of a broader significant change across Nine Radio, which dominates the nation’s talkback radio market. It owns 3AW in Melbourne, 2GB in Sydney and 4BC in Brisbane, all of which prioritise local news, sport, some music and opinion with a broadly conservative slant. Nine Radio also leases 2UE, 4BH and Magic1278 to ACE Radio. The business reported $131.8 million in revenue in 2019. Last year it wrote $103 million. The entire industry is struggling with these consumer changes. [Read more] The owner of Britain’s The Guardian newspaper has pressed on with a £25 million ($49 million) deal to sell off the group’s Sunday title, The Observer , defying a 48-hour walkout by journalists, The Guardian’s Europe correspondent Hans van Leeuwen reports. The board of the Scott Trust, the £1.3 billion fund that owns the two titles, gave its in-principle backing late on Thursday (Friday AEDT) to sell the 233-year-old the Observer – the world’s oldest Sunday paper – to online news start-up Tortoise Media. The move comes amid a slew of deals in the British media industry: The Spectator magazine, The Daily Telegraph broadsheet newspaper and regional newspaper group National World have all either changed hands or are sitting on the sales block. [Read more] It’s not the “neighbours” on Ramsay Street that Kate Connick is dressing to impress: it’s the trendy Melburnians. The rising US actor – also known as “Skate” (from her birth name, Sara Kate) – has settled in the inner-city suburb of Collingwood while filming a guest role on Neighbours, The Herald Sun’s Siobhan Duck reports. “I feel like I’m definitely living in the ‘cool’ area, so I got a second piercing just to try to fit in,” Connick, 27, tells Stellar with a laugh. “Collingwood reminds me of Brooklyn a bit.” While Australia feels very distant from Connecticut – the US state where she grew up – family is never far away. Connick’s younger sister Charlotte, 22, is training at Melbourne’s 16th Street Actors Studio, while her elder sibling Georgia, 28, is studying cinematography at the Australian Film Television and Radio School in Sydney. [Read more]
JuJu Watkins scores 21, No. 6 USC downs Oregon 66-53 in Big Ten openerO'Connor went 7 of 10 from the field for the Patriots (7-3). Darius Maddox shot 4 for 11 (3 for 6 from 3-point range) and 6 of 6 from the free-throw line to add 17 points. Jalen Haynes shot 4 of 11 from the field and 7 of 9 from the free-throw line to finish with 15 points. Rowan Brumbaugh led the way for the Green Wave (4-6) with 12 points and four assists. Gregg Glenn III added 11 points and 11 rebounds for Tulane. Mari Jordan also had 11 points. George Mason took the lead with 14:04 left in the first half and never looked back. O'Connor led their team in scoring with 15 points in the first half to help put them up 45-27 at the break. George Mason was outscored by Tulane in the second half by a six-point margin, but still wound up on top, while Haynes led the way with a team-high 10 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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Ikea has posted its slowest sales expansion since it opened its first India store six years ago with a 5% increase to ₹1,852 crore in FY24 while its net loss widened amid large-scale investments to solidify its footprint in the country. The world's largest furniture retailer saw its India business slowing as consumers tightened their wallets on discretionary spends across lifestyle categories. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for Its net loss widened 15% to ₹1,303 crore in FY24. So far, the retailer known for its ready-to-assemble products has incurred a cumulative loss of ₹5,550 crore in India as it spent to buy and build distribution centres, a city outlet and three big box stores-each large enough to fit about four football fields. "Ikea in India maintained a solid sales growth despite no price increase and lowering the prices on certain products in FY24," a company spokesperson said. "Our losses largely reflect the investment we are making towards our omni-channel growth. We remain committed to our plan of opening more stores and serving 200 million people by 2025 through our high quality, affordable range." Last fiscal, Ikea cut costs after raw material prices softened, helping the company lower prices of several products by about 20% both in India as well as globally. Earlier this year, the flat-pack furniture giant said it is still trying to get a foothold in the Indian market and that it will take at least 8-10 stores to benefit from economies of scale. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program "The sooner we can get to that, the better," Jesper Brodin, global chief executive officer of Ingka Group that owns Ikea, told ET in February this year. "Chapter one was the sourcing and foundation and then getting the first door up and running. And then the intention is to get the company in top big cities. We are measuring out and laying out plans to see how we can do it for 1.4 billion people. And if I am certain about anything, it is that the economic outlook for India is looking good," he said. Ikea started sourcing from India in the 1980s and has more than five dozen suppliers in the country, most of them in textiles. Over a decade ago, the erstwhile Foreign Investment Promotion Board (FIPB) had approved Ikea's ₹10,500-crore investment proposal to open 25 stores in the country by 2025. It has since opened three large-format stores in Hyderabad, Mumbai and Bengaluru and one smaller city store in Mumbai. It aims to open bigger stores in Gurugrma and Noida in the National Capital Region soon. The Swedish retailer, which opened its first India store in 2018 in Hyderabad, has been a runaway success in the country, outpacing local rivals Urban Ladder and Pepperfry in its first year of operations with that single outlet. During the year, Ikea's paid-up share capital was increased by ₹600 crore to ₹4.615 crore. "When we think about India, we think about size," Brodin told ET in February. "In terms of investment priorities, India ranks one, two and three. We have consciously decided we cannot financially afford to be in the startup phase in too many places. But India is the top priority for us now." Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Students And Their Democratic Right
FRIDAY’S historic vote to legalise assisted dying should be followed up with major funding for hospices, according to former Archbishop of Canterbury Lord Carey. The former Anglican leader hopes that end of life care will be strengthened and has warned against “dirty tricks” and any attempt to derail the legislation when it goes to the Lords. Lord Carey made headlines a decade ago when he when he abandoned his opposition to assisted dying, claiming the “old philosophical certainties have collapsed in the face of the reality of needless suffering”. He now hopes that the introduction of assisted dying for terminally ill people in their last six months of life will unlock a more caring society. The Bill cleared its first hurdle last week by 330 votes to 275 but this is just the start of its journey through the Commons and the Lords. Lord Carey cautioned against any attempt to kill it off in the Lords, saying: “People would be very disgusted if there are dirty tricks. I do know the House of Lords pretty well and my hope is that people would go into it into respecting that the Commons has spoken clearly.” He said a priority will be ensuring that strong safeguards are in place so “wicked people” cannot coerce vulnerable men and women into acting against their interests. Setting out his hopes for a strengthening of hospices and the palliative care movement, he said: “The Government must put significant amounts of money into this because we are an ageing population. Some of us may end up in these institutions and we want the best for ourselves as well as others.” A priority for many senior figures who are concerned about the consequences of changing the law is securing a commission on end of life care. Former Labour prime minister Gordon Brown – who opposes the legalisation of assisted dying – has called for a commission that would “devise a thought-through, fully funded, 10-year strategy for improved and comprehensive palliative care”. Opponents of the Bill plan to submit “dozens” of amendments highlighting what they say is a lack of safeguards and other flaws in the legislation. A source said: “There are MPs who voted for the Bill on second reading because they wanted the debate to continue, not because they have made a firm decision to support it. “There will be future votes including the third reading. The fight is far from over.” Another said: “A large number of MPs gave the Bill qualified support at second reading despite having significant misgivings with the Bill. When the major reworking of the Bill many of them are calling for is not possible we believe it’s highly likely they will withdraw their support at third reading. You only need 28 to change their vote and you have a different outcome. “The campaigners for the Bill made clear time and time again that voting for the Bill at second reading wasn’t giving it the green light but continuing the debate. We will take them at their word.” Labour MP and Mother of the House Diane Abbott told the BBC : “I am very worried that vulnerable people will get swept up in the assisted dying route, when actually what they really need is access to hospice care and proper end of life care.” Lord Carey told the Sunday Express that preventing coercion will be a “fundamental plank of the legislation”. He said fellow peers in the Lords must “go through the Bill painstakingly and get it right and then send it back to the Commons”. Praising the quality of Friday’s landmark debate, he said: “I thought it was a wonderful debate. It showed our Parliament at its best.”FAIRFAX, Va. (AP) — Brayden O'Connor's 17 points helped George Mason defeat Tulane 76-64 on Saturday. O'Connor went 7 of 10 from the field for the Patriots (7-3). Darius Maddox shot 4 for 11 (3 for 6 from 3-point range) and 6 of 6 from the free-throw line to add 17 points. Jalen Haynes shot 4 of 11 from the field and 7 of 9 from the free-throw line to finish with 15 points. Rowan Brumbaugh led the way for the Green Wave (4-6) with 12 points and four assists. Gregg Glenn III added 11 points and 11 rebounds for Tulane. Mari Jordan also had 11 points. George Mason took the lead with 14:04 left in the first half and never looked back. O'Connor led their team in scoring with 15 points in the first half to help put them up 45-27 at the break. George Mason was outscored by Tulane in the second half by a six-point margin, but still wound up on top, while Haynes led the way with a team-high 10 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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Uzbekistan advances transport and engineering infrastructure dev't in New TashkentERIE, Pa. (AP) — Alex Chaikin's 20 points off of the bench helped Lafayette to a 77-73 victory against Mercyhurst on Saturday. Chaikin went 7 of 8 from the field (6 for 7 from 3-point range) for the Leopards (5-5). Justin Vander Baan added 13 points while shooting 3 of 5 from the field and 7 for 9 from the line while he also had six rebounds and five blocks. Andrew Phillips had 10 points and shot 4 of 6 from the field and 1 for 3 from the line. Shemar Rathan-Mayes finished with 21 points and four assists for the Lakers (5-6). Aidan Reichert added 18 points, six rebounds and three steals for Mercyhurst. Jeff Planutis also recorded 13 points. Chaikin scored nine points in the first half and Lafayette went into the break trailing 38-31. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Shares of Cullinan Therapeutics, Inc. ( NASDAQ:CGEM – Get Free Report ) traded down 2.9% on Thursday . The stock traded as low as $11.88 and last traded at $11.92. 28,103 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 640,126 shares. The stock had previously closed at $12.27. Analyst Ratings Changes A number of equities analysts have issued reports on CGEM shares. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of Cullinan Therapeutics in a report on Wednesday, October 16th. UBS Group initiated coverage on shares of Cullinan Therapeutics in a research note on Thursday, October 24th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and set a $36.00 price target on shares of Cullinan Therapeutics in a research report on Wednesday, September 18th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $31.67. Check Out Our Latest Analysis on CGEM Cullinan Therapeutics Stock Performance Cullinan Therapeutics ( NASDAQ:CGEM – Get Free Report ) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.69) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.09. As a group, sell-side analysts anticipate that Cullinan Therapeutics, Inc. will post -3.12 EPS for the current fiscal year. Insider Activity at Cullinan Therapeutics In other Cullinan Therapeutics news, insider Jennifer Michaelson sold 3,489 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $12.52, for a total value of $43,682.28. Following the completion of the transaction, the insider now owns 104,453 shares of the company’s stock, valued at approximately $1,307,751.56. The trade was a 3.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CEO Nadim Ahmed sold 8,400 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $11.87, for a total transaction of $99,708.00. Following the transaction, the chief executive officer now owns 263,150 shares in the company, valued at $3,123,590.50. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here . In the last three months, insiders have sold 24,582 shares of company stock valued at $322,057. 6.07% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Cullinan Therapeutics A number of large investors have recently added to or reduced their stakes in CGEM. Bank of New York Mellon Corp boosted its stake in shares of Cullinan Therapeutics by 46.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 137,997 shares of the company’s stock worth $2,407,000 after buying an additional 43,757 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Cullinan Therapeutics by 73.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,883 shares of the company’s stock valued at $155,000 after acquiring an additional 3,758 shares during the period. Rhumbline Advisers boosted its position in Cullinan Therapeutics by 16.4% in the second quarter. Rhumbline Advisers now owns 54,351 shares of the company’s stock worth $948,000 after purchasing an additional 7,649 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of Cullinan Therapeutics during the 2nd quarter valued at about $182,000. Finally, American Century Companies Inc. increased its position in shares of Cullinan Therapeutics by 32.9% during the 2nd quarter. American Century Companies Inc. now owns 76,018 shares of the company’s stock valued at $1,326,000 after purchasing an additional 18,840 shares during the last quarter. Institutional investors own 86.31% of the company’s stock. About Cullinan Therapeutics ( Get Free Report ) Cullinan Therapeutics, Inc, a biopharmaceutical company, focuses on developing oncology therapies for cancer patients in the United States. The company's lead program comprises CLN-619, a monoclonal antibody that is in Phase I clinical trial for the treatment of solid tumors. Its development portfolio also includes CLN-049, a humanized bispecific antibody that is in Phase I clinical trial for the treatment of acute myeloid leukemia or myelodysplastic syndrome; CLN-418, a human bispecific immune activator that is in Phase 1 clinical trial for the treatment of multiple solid tumors; and Zipalertinib, a bioavailable small-molecule for treating patients with non-small cell lung cancer. See Also Receive News & Ratings for Cullinan Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullinan Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter .Trump asks Supreme Court to pause imminent TikTok ban
