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Hormel Foods Corp. stock rises Friday, outperforms marketIt looked like a recipe for disaster. So, when his country's swimmers were being accused of doping earlier this year, one Chinese official cooked up something fast. He blamed it on contaminated noodles. In fact, he argued, it could have been a culinary conspiracy concocted by criminals, whose actions led to the cooking wine used to prepare the noodles being laced with a banned heart drug that found its way into an athlete's system. This theory was spelled out to international anti-doping officials during a meeting and, after weeks of wrangling, finally made it into the thousands of pages of data handed over to the lawyer who investigated the case involving 23 Chinese swimmers who had tested positive for that same drug. The attorney, appointed by the World Anti-Doping Agency, refused to consider that scenario as he sifted through the evidence. In spelling out his reasoning, lawyer Eric Cottier paid heed to the half-baked nature of the theory. "The Investigator considers this scenario, which he has described in the conditional tense, to be possible, no less, no more," Cottier wrote. Even without the contaminated-noodles theory, Cottier found problems with the way WADA and the Chinese handled the case but ultimately determined WADA had acted reasonably in not appealing China's conclusion that its athletes had been inadvertently contaminated. Critics of the way the China case was handled can't help but wonder if a wider exploration of the noodle theory, details of which were discovered by The Associated Press via notes and emails from after the meeting where it was delivered, might have lent a different flavor to Cottier's conclusions. "There are more story twists to the ways the Chinese explain the TMZ case than a James Bond movie," said Rob Koehler, the director general of the advocacy group Global Athlete. "And all of it is complete fiction." In April, reporting from the New York Times and the German broadcaster ARD revealed that the 23 Chinese swimmers had tested positive for the banned heart medication trimetazidine, also known as TMZ. China's anti-doping agency determined the athletes had been contaminated, and so, did not sanction them. WADA accepted that explanation, did not press the case further, and China was never made to deliver a public notice about the "no-fault findings," as is often seen in similar cases. The stock explanation for the contamination was that traces of TMZ were found in the kitchen of a hotel where the swimmers were staying. In his 58-page report, Cottier relayed some suspicions about the feasibility of that chain of events — noting that WADA's chief scientist "saw no other solution than to accept it, even if he continued to have doubts about the reality of contamination as described by the Chinese authorities." But without evidence to support pursuing the case, and with the chance of winning an appeal at almost nil, Cottier determined WADA's "decision not to appeal appears indisputably reasonable." A mystery remained: How did those traces of TMZ get into the kitchen? Shortly after the doping positives were revealed, the Institute of National Anti-Doping Organizations held a meeting on April 30 where it heard from the leader of China's agency, Li Zhiquan. Li's presentation was mostly filled with the same talking points that have been delivered throughout the saga — that the positive tests resulted from contamination from the kitchen. But he expanded on one way the kitchen might have become contaminated, harkening to another case in China involving a low-level TMZ positive. A pharmaceutical factory, he explained, had used industrial alcohol in the distillation process for producing TMZ. The industrial alcohol laced with the drug "then entered the market through illegal channels," he said. The alcohol "was re-used by the perpetrators to process and produce cooking wine, which is an important seasoning used locally to make beef noodles," Li said. "The contaminated beef noodles were consumed by that athlete, resulting in an extremely low concentration of TMZ in the positive sample. "The wrongdoers involved have been brought to justice." This new information raised eyebrows among the anti-doping leaders listening to Li's report. So much so that over the next month, several emails ensued to make sure the details about the noodles and wine made their way to WADA lawyers, who could then pass it onto Cottier. Eventually, Li did pass on the information to WADA general counsel Ross Wenzel and, just to be sure, one of the anti-doping leaders forwarded it, as well, according to the emails seen by the AP. All this came with Li's request that the noodles story be kept confidential. Turns out, it made it into Cottier's report, though he took the information with a grain of salt. "Indeed, giving it more attention would have required it to be documented, then scientifically verified and validated," he wrote. Neither Wenzel nor officials at the Chinese anti-doping agency returned messages from AP asking about the noodles conspiracy and the other athlete who Li suggested had been contaminated by them. Meanwhile, 11 of the swimmers who originally tested positive competed at the Paris Games earlier this year in a meet held under the cloud of the Chinese doping case. Though WADA considers the case closed, Koehler and others point to situations like this as one of many reasons that an investigation by someone other than Cottier, who was hired by WADA, is still needed. "It gives the appearance that people are just making things up as they go along on this, and hoping the story just goes away," Koehler said. "Which clearly it has not."
BRAINERD — Ridgewater’s trio of DeAndre Holloway, Tyrese Mayo and Aiden Wichmann couldn’t be slowed down on Sunday night. The Warriors’ men’s basketball team opened the Central Lakes Classic with a 97-80 victory over host Central Lakes College. The win moves Ridgewater to 8-4 overall. Central Lakes is 6-7. Holloway, a 6-foot-7 freshman forward from Kerkhoven-Murdock-Sunburg, led all scorers with 17 points on 10 of 15 shooting. He also had 12 rebounds, four blocks and four steals. Mayo, a 5-11 freshman guard from Winter Haven, Florida, added 25 points and six rebounds. Wichmann, a 6-3 sophomore guard from Russell-Tyler-Ruthton, had 21 points, seven rebounds and three assists. The Warriors shot 52.2% from the field. Makieth Deng paced the Raiders with 18 points. Deng is a 6-8 sophomore forward from Coon Rapids. Ridgewater takes on Northland Community and Technical College at 1 p.m. Monday back in Brainerd. Men’s Ridgewater 97, Central Lakes 80 Women’s Northland 80, Ridgewater 51 Led by Belgrade-Brooten-Elrosa grad Tiyana Schwinghammer, Northland Community and Technical College came up with a win over Ridgewater at the Central Lakes Classic at Brainerd. Schwinghammer, a 6-foot sophomore guard from Brooten, scored a game-high 16 points on 7 of 13 shooting. She also had seven assists and six rebounds. Five Pioneers finished in double figures. Leslie Murken, a sophomore guard from Minnewaska, put up six points for Northland. Lily Dean and Julia Hines both had 13 points for the Warriors. Dean, a sophomore from BOLD, also had eight assists and six rebounds. Hines, freshman from Randolph, had a pair of steals. Ridgewater continues the CLC Classic at 3 p.m. Monday against host Central Lakes College.
Sake is perhaps more Japanese than the world-famous sushi. It's brewed in centuries-old mountaintop warehouses, savored in the country’s pub-like izakayas, poured during weddings and served slightly chilled for special toasts. The smooth rice wine that plays a crucial role in Japan's culinary traditions was enshrined on Wednesday by UNESCO on its list of the “intangible cultural heritage of humanity." At a meeting in Luque, Paraguay, members of UNESCO’s committee for safeguarding humanity's cultural heritage voted to recognize 45 cultural practices and products around the world, including Brazilian white cheese, Caribbean cassava bread and Palestinian olive oil soap. Unlike UNESCO’s World Heritage List, which includes sites considered important to humanity like the Pyramids of Giza in Egypt, the Intangible Cultural Heritage designation names products and practices of different cultures that are deserving of recognition. A Japanese delegation welcomed the announcement in Luque. “Sake is considered a divine gift and is essential for social and cultural events in Japan,” Kano Takehiro, the Japanese ambassador to UNESCO, told The Associated Press. The basic ingredients of sake are few: rice, water, yeast and koji, a rice mold, which breaks down the starches into fermentable sugars like malting does in beer production. The whole two-monthlong process of steaming, stirring, fermenting and pressing can be grueling. The rice — which wields tremendous marketing power as part of Japan's broader cultural identity — is key to the alcoholic brew. For a product to be categorized Japanese sake, the rice must be Japanese. The UNESCO recognition, the delegation said, captured more than the craft knowledge of making high-quality sake. It also honored a tradition dating back some 1,000 years — sake makes a cameo in Japan’s famous 11th century novel, “The Tale of Genji,” as the drink of choice in the refined Heian court. Now, officials hope to restore sake's image as Japan's premier alcoholic drink even as the younger drinkers in the country switch to imported wine or domestic beer and whiskey. “It means a lot to Japan and to the Japanese,” Takehiro said of the UNESCO designation. "This will help to renew interest in traditional sake elaboration.” Also, Japanese breweries have expressed hope that the listing could give a little lift to the country's export economy as the popularity of sake booms around the world and in the United States amid heightened interest in Japanese cuisine. Sake exports, mostly to the U.S. and China, now rake in over US$265 million a year, according to the Japan Sake and Shochu Makers Association, a trade group. Japan's delegation appeared ready to celebrate on Wednesday — in classic Japanese style. After the announcement, Takehiro raised a cypress box full of sake to toast the alcoholic brew and cultural rite.Kingdom Come: Deliverance 2 goes gold, will now launch a week earlyMicrochip Technology lowers quarterly revenue forecast, shuts Arizona factory
NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Monport Laser, an industry-leading brand of laser cutters and engravers, proudly announces the release of the Monport MEGA, the world's first 70W intelligent desktop CO2 laser engraving machine. This revolutionary product is the culmination of Monport's dedication to innovation and a reflection of its commitment to empowering creativity in America. Focusing on innovation, strength, and empowering individuals, M onport has designed the MEGA as a symbol of American ingenuity. The MEGA is poised to transform the laser engraving market by combining state-of-the-art technology with unmatched precision. The Monport MEGA is not just an engraving machine; it's a technological masterpiece designed to redefine creativity and productivity. The MEGA's compatibility with a wide range of materials—including wood, leather, glass, acrylic, and certain metals—makes it a versatile tool for both artistic and commercial applications. Whether crafting personalized gifts, producing intricate signage, or designing high-quality prototypes, the Monport MEGA rises to the challenge. The Revolution Starts with the MEGA Pre-Sale Building on the success of its first pre-sale phase, Monport is excited to extend the opportunity for new customers to reserve their Monport MEGA. The exclusive pre-sale period is open for just 40 days , making this a limited-time chance to secure the world's most advanced desktop laser engraver at an unbeatable price. Celebrating the Launch with Live Events and Exclusive Giveaways To showcase the MEGA's unparalleled capabilities, Monport will host an exclusive live-stream event on November 25, 2024 , where the machine's features and applications will be demonstrated in real-time. Participants can engage with the Monport team, ask questions, and witness the MEGA's revolutionary performance. During the live stream, attendees can enter giveaways to win exciting prizes, including: These prizes are Monport's way of celebrating the MEGA's launch and rewarding its vibrant community of creators and innovators. At its core, the Monport MEGA represents more than just a machine—it's a commitment to empowering creators, small businesses, and hobbyists to push the boundaries of design and innovation. By blending American ingenuity with groundbreaking technology, the MEGA is designed to inspire a new generation of makers and entrepreneurs. From personalized gifts and intricate artwork to business branding and industrial prototyping, the MEGA offers endless possibilities. It's the ultimate tool for those looking to turn their creative dreams into reality. The Monport MEGA is here to revolutionize laser engraving, offering unmatched performance, precision, and safety. Don't miss this opportunity to be among the first to experience the future of engraving. Visit Monport MEGA to learn more and claim your exclusive pre-sale benefits. As excitement mounts for the MEGA's launch, Monport is thrilled to announce its biggest sales event of the year—the Black Friday Blowout ! Running from November 5 to December 5, 2024 , this exclusive event offers unbeatable savings of up to $6,000 on top-tier laser engraving machines and accessories. Take advantage of bundle deals with "Buy More, Save More" offers, designed to help creators and businesses elevate their engraving capabilities while enjoying maximum savings. Whether you're looking to upgrade your setup or start your engraving journey, this once-a-year event is your chance to invest in premium tools at incredible value. Stay tuned for more details, and don't miss the opportunity to save big during Monport's Black Friday Blowout! View original content: https://www.prnewswire.com/news-releases/be-among-the-first-to-experience-mega-revolution---worlds-first-70w-intelligent-desktop-engraving-machine-302314445.html SOURCE Monport laserBlame it on the food and drink?Cavs reveal Ty Jerome’s playing status Tuesday night vs. Wizards
Veteran forward Bruce Brown's return a boost to flagging Toronto Raptors' lineupNone
The Indian Rupee continues its downward slide, hitting a fresh record low against the US Dollar today. Meanwhile, the stock markets ended the day with small losses after not being able to hold on to early gains. More from the markets, Tata Capital is gearing up for a huge ₹15,000 crore IPO in 2025. The company has brought in advisors to help with the listing, in line with the RBI's rule for big NBFCs to go public within three years. Share Market View All Nifty Gainers View All Company Value Change %Change On the macro front and ahead of the Union Budget, Prime Minister Modi sat down with economists and NITI Aayog officials for a closed-door meeting. This comes after India’s GDP growth for Q2 hit a 21-month low. From corporates, Dabur has taken Patanjali to court, claiming that an ad featuring Baba Ramdev wrongly says Patanjali's Chyawanprash is the "original" and puts down other brands. The Delhi High Court has agreed to hear the case but hasn’t stopped the ad from airing yet. In other news, India's telecom regulator, TRAI, promises to roll out new guidelines within a month to curb pesky calls. They’ve also said that telecom providers must offer at least one plan that only covers calls and texts, specifically for feature phones. The Election Commission has hit back at Congress’s claims over the Maharashtra elections, saying the increase in voter turnout between 5 PM and 11:45 PM is completely normal. They’ve also filed a case over allegations of voter list manipulation. From abroad, China is planning a record $411 billion in special treasury bonds next year as part of a fiscal stimulus to soften the blow of rising tariffs under a potential Trump administration. Back at home, North India is experiencing a cold wave, with temperatures dropping sharply. Heavy snowfall in Manali has left around 1,000 vehicles stranded, while Sonmarg in Kashmir also saw heavy snow. The Met Department has warned of a severe cold wave ahead. Rupee hits fresh low, drops 9 paise to end at 85.20 against US dollar The rupee extended its decline for the sixth consecutive session, depreciating 9 paise to close at a historic low of 85.20 (provisional) against the US dollar on Tuesday. The drop was attributed to a robust dollar, higher crude oil prices, and weak domestic equity markets. The rupee opened at 85.10 at the interbank foreign exchange and slipped further during intraday trade, touching an all-time low of 85.21 against the greenback By the close, it had settled at 85.20, marking a 9-paise loss from its previous close. On Monday, the rupee had ended 7 paise lower at 85.11. Read more PM Modi meets leading economists, seeks views on sustained long term growth for 2047 Prime Minister Narendra Modi met leading economists and experts on Tuesday, December 24, 2024, to discuss how India can become a developed nation by 2047. According to sources, the discussions extended beyond the immediate budget exercise, focusing instead on a broader long-term growth vision. In his third term, Modi is keen on implementing measures that would steer India towards becoming a "Viksit Bharat" (developed nation). The meeting centered on strengthening key sectors, including agriculture, MSMEs, and manufacturing. There were also in-depth discussions on how India can capitalise on the current geopolitical landscape to play a larger role in global value chains and create more jobs across various sectors. Click for full story Tata Group prepares for ₹15,000 crore IPO of Tata Capital in 2025 More than a year after the bumper listing of Tata Technologies, N Chandrasekaran-led diversified conglomerate Tata Group, has initiated work on the initial public offer (IPO) of the group's flagship financial services arm Tata Capital, three persons in the know told Moneycontrol. Tata Capital is a non-banking financial services (NBFC) firm and a subsidiary of the business group's principal investment holding company Tata Sons." Work has begun on the proposed initial public offer. This is to comply with RBI's norms for 'upper layer' NBFCs. No final call has been taken on the quantum, but the deal is expected to be a big-bang one in excess of ₹15,000 crore," said one of the persons above. Read here China to raise record $411 billion bonds in 2025, targets EVs and tariff challenges Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy. The plan for 2025 sovereign debt issuance would be a sharp increase from this year's 1 trillion yuan and comes as Beijing prepares to soften the blow from an expected increase in U.S. tariffs on Chinese imports when Donald Trump returns to the White House in January. Read more Rules against pesky calls in a month: TRAI Chairman Telecom Regulatory Authority of India (TRAI) has promised new guidelines against pesky calls and that they will be released in a month. Speaking to CNBC TV18 TRAI Chairman Anil Kumar Lahoti also defended the move to ask telecom service providers to offer a tariff plan without data, only for calls and text messages specifically designed for feature phones. Dabur takes Patanjali to court over Chyawanprash ad Dabur has accused Patanjali of making misleading claims in an advertisement featuring its founder, Baba Ramdev, Bar and Bench reported. In the ad, Ramdev says, “Jinko Ayurved aur Vedo ka gyaan nahi, Charak, Sushrut, Dhanwantari aur Chyawanrishi ke parampara mei ‘original’ Chyawanprash kaise bana payenge?” (loosely translated to: "Those who lack knowledge of Ayurveda and Vedic traditions cannot produce the 'original' Chyawanprash"). Dabur contends that this statement implies that only Patanjali's product is authentic, while other brands are inferior or fake. Read the full saga here No arbitrary addition or deletion in voters list in Maharashtra: EC tells Congress The Election Commission said there were no arbitrary additions or deletions of voters in Maharashtra where assembly polls were held in November. The response came after Congress raised the issue. The EC said it would not be correct to compare 5 pm voter turnout data with final polling data. It also explained how an increase in the voter turnout from 5 pm to 11:45 pm was normal, being part of the process of aggregation of voter turnout and how there can be bona fide but inconsequential differences in votes polled and votes counted. Read full story here Weather Update: IMD predicts cold wave in Himachal Pradesh, Ladakh; snowfall in Himalayan Region The India Meteorological Department (IMD) on Tuesday, December 24, predicted cold wave conditions over some parts of India, including Himachal Pradesh, Jammu and Kashmir, Ladakh, Gilgit and Punjab, among others. In its daily bulletin, the weather department stated that the western disturbance as a cyclonic circulation over north Pakistan and its neighbourhood now lies over Jammu and Kashmir and adjoining Himachal Pradesh. Under their influence, light to moderate rainfall or snowfall is expected on December 24 at isolated places over the western Himalayan region. More details here Veteran filmmaker Shyam Benegal dies at 90 Shyam Benegal, the maestro who turned Indian parallel cinema into a stage for raw emotions and hard-hitting truths, died on December 23, 2024, at the age of 90. A trailblazer of the New Cinema movement, Benegal didn’t just make films—he crafted stories that made audiences think, feel, and question. Known for blending unvarnished realism with unforgettable human drama, he redefined storytelling for an entire generation. As we bid farewell to this cinematic giant, let’s roll back the years with ten iconic gems that showcase why Shyam Benegal will forever remain the director who brought life to the screen like no other. Here are his top 10 masterpieces that redefined Indian cinema ISRO gears up for SpaDeX mission to demonstrate in-space docking on Dec 30 India's ambitious SpaDeX mission, aimed at developing and demonstrating in-space docking technology, is set for launch on December 30. The mission will be carried out using the PSLV-C60 rocket from the Satish Dhawan Space Centre, Sriharikota, the Indian Space Research Organisation (ISRO) announced. As part of the preparations, the PSLV-C60 launch vehicle was successfully integrated and moved to the First Launch Pad on December 21 for further satellite integration and final launch preparations. ISRO also shared a time-lapse video on its official X account, showing the rocket’s movement to the First Launch Pad, fully integrated up to PS4 at the PIF facility. You can watch the video here That’s all folks! Keep yourself up to date with the latest news, views and ideas to make money only on cnbctv18.com . Beyond #Newsroom Follow the CNBC-TV18 channel on WhatsApp Catch crispy news updates on the go!- CNBCTV18 Minis Watch all #videos under one segment- CNBCTV18 Binge We bring you real-time updates and analysis of the stock market- Real-time market updates Merry Christmas! We'll see you on Thursday with another engaging 'Top 10@10.'DALLAS , Dec. 4, 2024 /PRNewswire/ -- Dallas College is proud to announce the launch of a groundbreaking Bitcoin Mining Certification program. It is designed to meet growing demand for skilled professionals in the cryptocurrency mining industry, as well as empower entrepreneurs and at-home innovators to break new ground in this evolving space. Texas is home to five of the top 10 bitcoin mines in the U.S., and the state's supportive regulatory environment continues to attract significant investment, fueling job creation and local economic growth. "At Dallas College, our mission is to provide innovative programs that align with rapidly expanding industries and meet the needs of Texas' workforce. Our Bitcoin Mining Certification Program exemplifies our commitment to equipping students with the skills and knowledge required to excel in cutting-edge fields and to inspire entrepreneurship in the mining community," said Justin Cunningham , associate vice chancellor of innovation at Dallas College. In addition to hands-on instruction, Bitcoin Mining program participants will receive powerful industry equipment and materials, including their own mining machine to take home. Enrollment Highlights Cost: $4,000 (tuition assistance is available) Hands-on instruction : Intensive, practical training from industry experts Mining machine : Bitmain Antminer S19j Pro 110th (requires two 220v outlets to power and configure) Hearing protection : For safe learning Book : "Ultimate Bitcoin Mining Handbook" Industry-recognized certification : Web3 Certification Board (W3CB) Mining+ Certification through proctored exam The intensive, 48-hour program begins Tues., Dec. 10 . Students attend online lectures from 1-4 p.m. for the first four days ( Dec. 10-13 ) and then move to either hands-on, classroom instruction for the final two days ( Dec. 16-17 ) or an instructor led, at-home, Zoom session ( Dec. 19-20 ), using their own bitcoin machine. ( See details and class schedule here .) Curriculum Overview The Bitcoin Mining Certification Program includes a four-section curriculum designed to provide foundational and advanced knowledge in cryptocurrency mining. "Fundamentals of Bitcoin and Crypto Mining" covers the basics of digital currencies and blockchain technology and gives insight into mining processes, hardware as well as the installation, configuration and optimization of software. "Advanced Technical Aspects of Crypto Mining" explores mining hardware and performance metrics, and covers advanced techniques for software customization and automation, secure and efficient mining network setups, best practices for maintenance and resolving technical issues. "Environmental Impact and Sustainability in Crypto Mining" focuses on energy consumption patterns, renewable energy sources, strategies for reducing environmental impact and engaging with local communities for sustainable practices. "Economics and Investment Strategies in Crypto Mining" evaluates market dynamics affecting profitability, capital requirements, effective business plans and risk management strategies. Innovation at Home and Beyond This program is designed to ignite innovation for students from a wide spectrum of personal and professional backgrounds, offering expertise and equipment to help kick-start a successful business in the cryptocurrency industry. Graduates seeking industry employment could earn $60,000 to $120,000 annually. "We are thrilled to collaborate with Dallas College in pioneering this essential workforce development and entrepreneurial innovation initiative," said Bryant Nielson , executive director of W3CB. "The W3CB Mining+ Certification validates an individual's command of the knowledge and technical ability necessary to become a proficient bitcoin and cryptocurrency miner. "As cryptocurrency mining continues to expand globally, the need for skilled professionals has never been greater within the US," said Ryan Williams , CEO of The Blockchain Academy. "By delivering this first-of-its-kind certification program, we're not only meeting that demand but also paving the way for entrepreneurial innovation in the mining sector." Enrollment Information Interested students can get more information about the course and enroll in the Bitcoin Mining Certification Program, by visiting https://web3.dallascollege.edu/ bitcoin -mining-bootcamp/ or emailing [email protected] . About Dallas College Celebrating its 60th anniversary in 2025, Dallas College consists of seven campuses—Brookhaven, Cedar Valley, Eastfield, El Centro, Mountain View, North Lake and Richland—plus a dozen centers located throughout Dallas County . As one of the largest community colleges in the U.S., Dallas College offers online and in-person learning, serving more than 127,000 credit, workforce and continuing education students annually. Students benefit from partnerships with local school districts, four-year universities, industry and community leaders. Dallas College offers associate degrees and career/technical certificate programs in more than 100 areas of study, as well as bachelor's degrees in education and nursing. As the largest provider of dual credit in Texas , Dallas College serves 30,000 high school students through 63 dual credit programs. www.dallascollege.edu About The Blockchain Academy The Blockchain Academy is a leading education provider specializing in Web3, blockchain, and digital asset technologies. Offering a wide range of courses from beginner to advanced levels, The Blockchain Academy empowers individuals, entrepreneurs, and organizations to thrive in the evolving blockchain space. With a focus on practical, real-world applications, The Blockchain Academy provides learning experiences that translate into tangible career opportunities in the blockchain industry. About Web3 Certification Board The Web3 Certification Board (W3CB) is an independent body dedicated to validating proficiency in blockchain, cryptocurrency , and decentralized technologies through industry-recognized certifications. W3CB works with educational institutions, industry partners, and leading experts to develop high-quality standards and certification exams that prepare individuals for the rapidly evolving Web3 ecosystem. The W3CB Mining+ Certification represents a standard of excellence for professionals in the cryptocurrency mining industry. SOURCE Dallas College
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NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of people his decisions affected. Then Wednesday's targeted fatal shooting of the UnitedHealthcare CEO on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, had worked at the giant UnitedHealth Group Inc for 20 years and run the insurance arm since 2021 after running its Medicare and retirement business. As CEO, Thompson led a firm that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. The University of Iowa graduate began his career as a certified public accountant at PwC and had little name recognition beyond the health care industry. Even to investors who own its stock, the parent company's face belonged to CEO Andrew Witty, a knighted British triathlete who has testified before Congress. When Thompson did occasionally draw attention, it was because of his role in shaping the way Americans get health care. At an investor meeting last year, he outlined his company's shift to “value-based care,” paying doctors and other caregivers to keep patients healthy rather than focusing on treating them once sick. “Health care should be easier for people,” Thompson said at the time. “We are cognizant of the challenges. But navigating a future through value-based care unlocks a situation where the ... family doesn’t have to make the decisions on their own.” Thompson also drew attention in 2021 when the insurer, like its competitors, was widely criticized for a plan to start denying payment for what it deemed non-critical visits to hospital emergency rooms. “Patients are not medical experts and should not be expected to self-diagnose during what they believe is a medical emergency,” the chief executive of the American Hospital Association wrote in an open letter addressed to Thompson. “Threatening patients with a financial penalty for making the wrong decision could have a chilling effect on seeking emergency care.” United Healthcare responded by delaying rollout of the change. Thompson, who lived in a Minneapolis suburb and was the married father of two sons in high school, was set to speak at an investor meeting in a midtown New York hotel. He was on his own and about to enter the building when he was shot in the back by a masked assailant who fled on foot before pedaling an e-bike into Central Park a few blocks away, the New York Police Department said. Chief of Detectives Joseph Kenny said investigators were looking at Thompson's social media accounts and interviewing employees and family members. “Didn’t seem like he had any issues at all,” Kenny said. "He did not have a security detail.” AP reporters Michael R. Sisak and Steve Karnowski contributed to this report. Murphy reported from Indianapolis. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Sign up for our Crime & Courts newsletter Get the latest in local public safety news with this weekly email.