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SAN JOSE, Calif. , Nov. 26, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT ) today announced that Nimrod Ben-Natan , President and CEO of Harmonic, and Walter Jankovic , Harmonic's Chief Financial Officer, will participate in a fireside chat at the Raymond James 2024 TMT and Consumer Conference in New York City , on Monday, December 9, 2024 at 8:20 a.m. PT / 11:20 a.m. ET and host investor meetings throughout the day. Mr. Jankovic will also host investor meetings at the Barclays 2024 Global Technology Conference in San Francisco , on Thursday, December 12, 2024 . A live audio webcast of the fireside chat will be available on Harmonic's website at investor.harmonicinc.com . An archived webcast will remain posted on the Company's investor relations website for 30 days. Further information about Harmonic and the company's solutions is available at https://www.harmonicinc.com/ . About Harmonic Harmonic (NASDAQ: HLIT ), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at https://www.harmonicinc.com/ . Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners . SOURCE Harmonic Inc.A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok's petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the company's challenge of the statute, which it argued had ran afoul of the First Amendment. “The First Amendment exists to protect free speech in the United States,” said the court's opinion, which was written by Judge Douglas Ginsburg. “Here the Government acted solely to protect that freedom from a foreign adversary nation and to limit that adversary’s ability to gather data on people in the United States.” TikTok and ByteDance — another plaintiff in the lawsuit — are expected to appeal to the Supreme Court, though its unclear whether the court will take up the case. “The Supreme Court has an established historical record of protecting ans’ right to free speech, and we expect they will do just that on this important constitutional issue," TikTok spokesperson Michael Hughes said in a statement. “Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed and hypothetical information, resulting in outright censorship of the American people,” Hughes said. Unless stopped, he argued the statute “will silence the voices of over 170 million Americans here in the US and around the world on January 19th, 2025.” Though the case is squarely in the court system, it's also possible the two companies might be thrown some sort of a lifeline by President-elect Donald Trump, who tried to ban TikTok during his first term but said during the presidential campaign that he is now against such action . The law, signed by President Joe Biden in April, was the culmination of a yearslong saga in Washington over the short-form video-sharing app, which the government sees as a national security threat due to its connections to China. “Today’s decision is an important step in blocking the Chinese government from weaponizing TikTok to collect sensitive information about millions of Americans, to covertly manipulate the content delivered to American audiences, and to undermine our national security,” Attorney General Merrick Garland said in a statement Friday. The U.S. has said it’s concerned about TikTok collecting vast swaths of user data, including sensitive information on viewing habits , that could fall into the hands of the Chinese government through coercion. Officials have also warned the proprietary algorithm that fuels what users see on the app is vulnerable to manipulation by Chinese authorities, who can use it to shape content on the platform in a way that’s difficult to detect. The European Union on Friday expressed similar concerns as it investigates intelligence that suggests Russia possibly abused the platform to influence the elections in Romania. TikTok, which sued the government over the law in May, has long denied it could be used by Beijing to spy on or manipulate Americans. Its attorneys have accurately pointed out that the U.S. hasn’t provided evidence to show that the company handed over user data to the Chinese government, or manipulated content for Beijing’s benefit in the U.S. They have also argued the law is predicated on future risks, which the Department of Justice has emphasized pointing in part to unspecified action it claims the two companies have taken in the past due to demands from the Chinese government. Friday’s ruling came after the appeals court panel, composed of two Republicans and one Democrat appointed judges, heard oral arguments in September. In the hearing, which lasted more than two hours, the panel appeared to grapple with how TikTok’s foreign ownership affects its rights under the Constitution and how far the government could go to curtail potential influence from abroad on a foreign-owned platform. On Friday, all three denied TikTok’s petition. In the court's ruling, Ginsburg, a Republican appointee, rejected TikTok's main legal arguments against the law, including that the statute was an unlawful bill of attainder, or a taking of property in violation of the Fifth Amendment. He also said the law did not violate the First Amendment because the government is not looking to "suppress content or require a certain mix of content” on TikTok. “Content on the platform could in principle remain unchanged after divestiture, and people in the United States would remain free to read and share as much PRC propaganda (or any other content) as they desire on TikTok or any other platform of their choosing,” Ginsburg wrote, using the abbreviation for the People’s Republic of China. Judge Sri Srinivasan, the chief judge on the court, issued a concurring opinion. TikTok’s lawsuit was consolidated with a second legal challenge brought by several content creators — for which the company is covering legal costs — as well as a third one filed on behalf of conservative creators who work with a nonprofit called BASED Politics Inc. Other organizations, including the Knight First Amendment Institute, had also filed amicus briefs supporting TikTok. “This is a deeply misguided ruling that reads important First Amendment precedents too narrowly and gives the government sweeping power to restrict Americans’ access to information, ideas, and media from abroad,” said Jameel Jaffer, the executive director of the organization. “We hope that the appeals court’s ruling won’t be the last word.” Meanwhile, on Capitol Hill, lawmakers who had pushed for the legislation celebrated the court's ruling. "I am optimistic that President Trump will facilitate an American takeover of TikTok to allow its continued use in the United States and I look forward to welcoming the app in America under new ownership,” said Republican Rep. John Moolenaar of Michigan, chairman of the House Select Committee on China. Democratic Rep. Raja Krishnamoorthi, who co-authored the law, said “it's time for ByteDance to accept” the law. To assuage concerns about the company’s owners, TikTok says it has invested more than $2 billion to bolster protections around U.S. user data. The company has also argued the government’s broader concerns could have been resolved in a draft agreement it provided the Biden administration more than two years ago during talks between the two sides. It has blamed the government for walking away from further negotiations on the agreement, which the Justice Department argues is insufficient. Attorneys for the two companies have claimed it’s impossible to divest the platform commercially and technologically. They also say any sale of TikTok without the coveted algorithm — the platform’s secret sauce that Chinese authorities would likely block under any divesture plan — would turn the U.S. version of TikTok into an island disconnected from other global content. Still, some investors, including Trump’s former Treasury Secretary Steven Mnuchin and billionaire Frank McCourt, have expressed interest in purchasing the platform. Both men said earlier this year that they were launching a consortium to purchase TikTok’s U.S. business. This week, a spokesperson for McCourt’s Project Liberty initiative, which aims to protect online privacy, said unnamed participants in their bid have made informal commitments of more than $20 billion in capital.Arc'teryx makes some of the most fashionable and functional gorpware money can buy, which is a problem if you like high-tech outerwear but hate breaking the bank. Fortunately, Black Friday is here and the jacket gods have smiled upon us in the form of deep savings on my absolute favorite Arc'teryx jacket. For the first time in what feels like a zillion years, the Arc'teryx Atom SL Hoody can be yours for just $168 , which is 30% off retail price. You'll need to spring for the blue option for the biggest savings — the Atom SL Hoody in black is only 15% off — but, let's be real, it's the most attractive of the three colors shown. So, what makes the Arc'teryx Atom SL Hoody such a serious banger? 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I'm A Celebrity's Ant and Dec confirm ITV shake-up as show hit by 'fix' claimsProspera Financial Services Inc lessened its stake in Invesco S&P 500 Quality ETF ( NYSEARCA:SPHQ – Free Report ) by 87.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,791 shares of the company’s stock after selling 94,917 shares during the period. Prospera Financial Services Inc’s holdings in Invesco S&P 500 Quality ETF were worth $928,000 at the end of the most recent quarter. Several other institutional investors have also recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC increased its holdings in Invesco S&P 500 Quality ETF by 25.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,016 shares of the company’s stock valued at $65,000 after purchasing an additional 208 shares during the last quarter. SteelPeak Wealth LLC increased its holdings in Invesco S&P 500 Quality ETF by 1.2% in the 2nd quarter. SteelPeak Wealth LLC now owns 18,422 shares of the company’s stock valued at $1,171,000 after purchasing an additional 219 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in Invesco S&P 500 Quality ETF by 1.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 16,077 shares of the company’s stock valued at $1,082,000 after purchasing an additional 225 shares during the last quarter. Huntington National Bank increased its holdings in Invesco S&P 500 Quality ETF by 11.4% in the 3rd quarter. Huntington National Bank now owns 2,428 shares of the company’s stock valued at $163,000 after purchasing an additional 249 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Invesco S&P 500 Quality ETF by 2.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 12,284 shares of the company’s stock worth $786,000 after acquiring an additional 266 shares in the last quarter. Invesco S&P 500 Quality ETF Stock Up 0.6 % NYSEARCA:SPHQ opened at $68.34 on Friday. The company has a fifty day simple moving average of $67.19 and a two-hundred day simple moving average of $64.84. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 52 week low of $51.50 and a 52 week high of $68.75. About Invesco S&P 500 Quality ETF The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap. Read More Want to see what other hedge funds are holding SPHQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Quality ETF ( NYSEARCA:SPHQ – Free Report ). Receive News & Ratings for Invesco S&P 500 Quality ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Quality ETF and related companies with MarketBeat.com's FREE daily email newsletter .
Within hours of the murder of United Healthcare CEO Brian Thompson in New York City earlier this week, the surveillance video that captured the brazen crime made the rounds across social media. Across X, Reddit and Facebook, the short video was likely analyzed as closely as the footage of the assassination of President John F. Kennedy just over 61 years ago. And like that infamous shooting, the one in Midtown Manhattan has led to no shortage of conspiracy theories that are now making the rounds on the social platforms. Online sleuths offered their unsolicited opinions, while countless "experts" provided unique insight—with some suggesting the murder was carried out by a professional hit man, who not only used a suppressor but likely subsonic ammunition, which necessitated the need to manually operate the handgun's slide. Some even identified the firearm as a Welrod , a British bolt-action, magazine-fed, suppressed pistol devised during the Second World War, while others said it was likely a B&T VP9. Neither is likely the case. Moreover, the professional killer theories were in stark contrast to the New York Police Department's claim that the suspect's firearm had jammed, and he left several clues that could help the investigation. "Experts" Are Quick To Weigh In Armchair generals and Monday morning quarterbacks are all too common in our modern era—they're the individuals who quickly offer opinions after the fact, and typically with the benefit of hindsight. Social media is filled with these so-called experts, many who have built massive followings. As fresh details surrounding Thompson's murder were released, it only served to fuel the online speculation. The case already has the potential to be like a true crime podcast that unfolds in real-time. Yet, it also is clear that there is likely far more misinformation spreading than actual facts. "The amount of information that is out is inconsistent and much of it is inaccurate," said Dr. Dan Ariely, professor of psychology and behavioral economics at Duke University. "This does a very large disservice to society." Ariely warned that in situations like this still ongoing investigation, it has the potential to erode trust in the mainstream media, which often waits for confirmation. Social media by contrast is quick to post, even if the information is wrong. Beyond the fact that an individual was killed on the streets of America's largest city, this casual posting online often lacks perspective, and fact-checking and is too quick to rely on guesswork—and without much of the evidence that the NYPD has access to. "All this speculation is problematic because it sets expectations that may not be met," explained technology industry analyst Rob Enderle of the Enderle Group. "We are making conclusions before we have all the facts and 'Confirmation Bias' tells us that is a bad thing because people will then only recognize facts or theories that are consistent with the position they have already taken," Enderle added. "It is shoot, ready, aim, instead of what should be ready, aim, shoot." Vetting Sources Closer inspection of the video, as well as the shell casings and unspent round that was recovered; it has been determined that the firearm almost certainly used by the assailant wasn't the aforementioned Welrod or B&T VP9. Nor was the ammunition subsonic. Likewise, given that the shooter's movements have been traced—including to a Starbucks, where he bought a bottle of water and energy bars—it would seem that he wasn't likely a professional assassin. Few hit men would likely stop to pick up breakfast and be caught on camera. Still, it is all too easy to forgive those who are quick to post such misinformation, because of a desire to want to know the facts as quickly as they unfold. Newsrooms seek not to be first, but to get it right—whereas on social media there is a race to share that expert insight as quickly as possible. "We have all become expert crime solvers on social media, especially when there is a compelling and surprising crime such as the shooting death of this health insurance executive," said Susan Campbell, distinguished lecturer in the Department of Communication, Film, and Media Studies at the University of New Haven. "There will always be a lag time between new developments and publication of those developments in traditional media because traditional media worth its salt will still take time to vet the facts," Campbell added. "If people want to hear guesses quickly, social media is their platform. If they want to know facts, that takes a little more time." How Conspiracies Are Born The final concern is that the posts on social media will only serve to give rise to unfounded conspiracy theories that are impossible to debunk. Even after more than two decades, some still question the events of 9/11, and after six decades, the assassination of JFK continues to be debated. This is largely harmless, at least until it isn't. "There will also be efforts after facts are collected to ignore those that counter already taken positions," said Enderle. "In effect, this speculation corrupts the process and makes it less likely we'll ever see the truth. So, in general, social speculation doesn't help the process, it corrupts it." While it could impact the ability to bring an individual to justice, it also serves as another divide in our already deeply divided nation. "Sadly, everything is becoming political," said Ariely. "Right now, people aren't coming from the facts, but rather from a specific point of view. We need to figure out how to look at facts rather than identity."
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