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2025-01-13
Donald Trump will ring the New York Stock Exchange bell as he's named Time's Person of the Yearslot monitoring

SANTA CLARA, Calif. , Dec. 10, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that it has pioneered a new custom HBM compute architecture that enables XPUs to achieve greater compute and memory density. The new technology is available to all of its custom silicon customers to improve the performance, efficiency and TCO of their custom XPUs. Marvell is collaborating with its cloud customers and leading HBM manufacturers, Micron, Samsung Electronics, and SK hynix to define and develop custom HBM solutions for next-generation XPUs. HBM is a critical component integrated within the XPU using advanced 2.5D packaging technology and high-speed industry-standard interfaces. However, the scaling of XPUs is limited by the current standard interface-based architecture. The new Marvell custom HBM compute architecture introduces tailored interfaces to optimize performance, power, die size, and cost for specific XPU designs. This approach considers the compute silicon, HBM stacks, and packaging. By customizing the HBM memory subsystem, including the stack itself, Marvell is advancing customization in cloud data center infrastructure. Marvell is collaborating with major HBM makers to implement this new architecture and meet cloud data center operators' needs. The Marvell custom HBM compute architecture enhances XPUs by serializing and speeding up the I/O interfaces between its internal AI compute accelerator silicon dies and the HBM base dies. This results in greater performance and up to 70% lower interface power compared to standard HBM interfaces. The optimized interfaces also reduce the required silicon real estate in each die, allowing HBM support logic to be integrated onto the base die. These real-estate savings, up to 25%, can be used to enhance compute capabilities, add new features, and support up to 33% more HBM stacks, increasing memory capacity per XPU. These improvements boost XPU performance and power efficiency while lowering TCO for cloud operators. "The leading cloud data center operators have scaled with custom infrastructure. Enhancing XPUs by tailoring HBM for specific performance, power, and total cost of ownership is the latest step in a new paradigm in the way AI accelerators are designed and delivered," said Will Chu, Senior Vice President and General Manager of the Custom, Compute and Storage Group at Marvell. "We're very grateful to work with leading memory designers to accelerate this revolution and, help cloud data center operators continue to scale their XPUs and infrastructure for the AI era." "Increased memory capacity and bandwidth will help cloud operators efficiently scale their infrastructure for the AI era," said Raj Narasimhan, senior vice president and general manager of Micron's Compute and Networking Business Unit. "Strategic collaborations focused on power efficiency, such as the one we have with Marvell, will build on Micron's industry-leading HBM power specs, and provide hyperscalers with a robust platform to deliver the capabilities and optimal performance required to scale AI." "Optimizing HBM for specific XPUs and software environments will greatly improve the performance of cloud operators' infrastructure and ensure efficient power use," said Harry Yoon , corporate executive vice president of Samsung Electronics and head of Americas products and solutions planning. "The advancement of AI depends on such focused efforts. We look forward to collaborating with Marvell, a leader in custom compute silicon innovation." "By collaborating with Marvell, we can help our customers produce a more optimized solution for their workloads and infrastructure," said Sunny Kang , VP of DRAM Technology, SK hynix America. "As one of the leading pioneers of HBM, we look forward to shaping this next evolutionary stage for the technology." "Custom XPUs deliver superior performance and performance per watt compared to merchant, general-purpose solutions for specific, cloud-unique workloads," said Patrick Moorhead , CEO and Founder of Moor Insights & Strategy. "Marvell, already a player in custom compute silicon, is already delivering tailored solutions to leading cloud companies. Their latest custom compute HBM architecture platform provides an additional lever to enhance the TCO for custom silicon. Through strategic collaboration with leading memory makers, Marvell is poised to empower cloud operators in scaling their XPUs and accelerated infrastructure, thereby paving the way for them to enable the future of AI." Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others. This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. For further information, contact: Kim Markle pr@marvell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/marvell-announces-breakthrough-custom-hbm-compute-architecture-to-optimize-cloud-ai-accelerators-302328144.html SOURCE Marvell

Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office President-elect Donald Trump has asked the Supreme Court to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue. Trump's request Friday came as TikTok and the Biden administration filed opposing briefs to the court. Oral arguments are scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. The brief said Trump opposes banning TikTok at this junction and “seeks the ability to resolve the issues at hand through political means once he takes office.” Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the market NEW YORK (AP) — Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose to 4.62%. 10 tips from experts to help you change your relationship with money in 2025 NEW YORK (AP) — As the calendar changes to 2025, you might be thinking about how to approach your relationship with money in the new year. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated. If you’re planning to make financial resolutions for the new year, experts recommend that you start by evaluating the state of your finances in 2024. Then, set specific goals and make sure they’re attainable for your lifestyle. Janet Yellen tells Congress US could hit debt limit in mid-January WASHINGTON (AP) — Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14th, in a letter sent to congressional leaders Friday afternoon. The department has taken such action in the past. But once those measures run out the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Canadian Cabinet ministers meet with Trump's nominee for commerce secretary in bid to avoid tariffs TORONTO (AP) — Two top Canadian Cabinet ministers have met with President-elect Donald Trump’s nominee for commerce secretary at Mar-a-Lago as Canada tries to avoid sweeping tariffs when Trump takes office. New Finance Minister Dominic LeBlanc and Foreign Minister Mélanie Joly met with Howard Lutnick, Trump’s nominee for commerce secretary, as well as North Dakota Gov. Doug Burgum, Trump’s pick to lead the Interior Department. The meeting was a follow up to Canadian Prime Minister Justin Trudeau’s meeting with Trump at Mar-a-Lago last month. Trump has threatened to impose sweeping tariffs if Canada does not stem what he calls a flow of migrants and fentanyl into the United States. Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger. So says a new poll from NORC at the University of Chicago. It finds that about 8 in 10 Americans say that the person who committed the killing has “a great deal” or “a moderate amount” of responsibility for the Dec. 4 shooting of Brian Thompson. Still, some see suspect Luigi Mangione as a heroic figure. About 7 in 10 adults say coverage denials or health insurance profits also bear at least “a moderate amount” of responsibility for Thompson’s death. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot has soared above $1 billion, and that’s still a big deal. After three months without anyone winning the top prize, a ticket worth an estimated $1.22 billion was sold in California for the drawing Friday night. The high number has evoked headlines and likely lured more people to convenience stores with dreams of private spacewalks above the Earth. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze.ATHEX: Moderate profit-taking on bourse

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This first-of-its-kind initiative aims to spotlight and support sustainable agri-SMEs in East Africa, delivering transformative solutions for food systems. The prize, initiated by Biovision, a global organization dedicated to advancing agroecology for food security and environmental sustainability, spotlights enterprises that integrate ecological, economic, and social principles. Agroecology aligns with global frameworks such as the Paris Climate Agreement and the Sustainable Development Goals, particularly Zero Hunger (SDG 2), offering solutions to climate change and economic inequality. ALSO READ: Transforming Africa’s agriculture through innovation Winners and their Innovations These winners were selected from six finalist businesses after a rigorous evaluation by a distinguished panel of experts. Both received financial grants and technical support to propel their enterprises. Dr. Never Zekeya Mwembela of “Plant Biodefenders Ltd” from Tanzania, her company develops eco-friendly pest control solutions, including the innovative Vuruga Biocide, which combats the invasive fall armyworm without harming non-target organisms. This biopesticide enhances agricultural productivity by attracting pollinators and ensuring sustainable farming. The company also processes herbal teas and remedies aimed at improving human health. Gladwell Karangi of “AgriTech Analytics” (Kenya): This data-driven company employs AI-powered analytics, IoT sensors, and satellite imagery to provide small-scale farmers with tailored advice on weather, soil, and crop health. By addressing soil degradation and crop diseases, AgriTech Analytics helps farmers increase yields and reduce losses, advancing their vision of a hunger-free continent. Pauline Otila Kamwara of “Apiculture Ventures Ltd” (Kenya): Her social enterprise focuses on modern beekeeping solutions, including equipment, organic honey, and beeswax processing. By adding value to honey and beeswax and offering technical training, the company enhances food resilience and livelihoods through sustainable beekeeping practices. The top three went through a critical judgment in front jury panel comprised of experts from the African Development Bank, African Food Sovereignty Alliance, British International Investment, Rabo Foundation, Rockefeller Foundation, and Welthungerhilfe. The winners received grants of $20,000, $10,000, and $10,000, respectively, along with access to customized technical assistance and a regional network of donors, investors, and technical experts. ALSO READ: How Rwanda can boost agricultural productivity The other finalists including a Jean Pierre Niyigena, Rwandan and COO of “Trapro Coffee”, a company that supports smallholders farmers in Rwanda’s Nyungwe mountains, will also benefit from networking opportunities to scale their businesses and amplify their impact. Equally, there was discussion with representatives from Agence Française de développement (AFD) FD, International Fund for Agricultural Development (FAD), and the Commercial Agriculture and Smallholder Agribusiness (CASA) program, offering insights into agri-SME financing, food system transformation, and sustainable developments. “I am so excited to win this award today, many thanks to Biovision and other Partners for organizing this event. My vision, my company's vision, will be achieved because what we were lacking, as a startup company dealing with agroecology is funding and visibility,” said Dr. Never Zekeya Mwembela, Founder and CEO of Plant Biodefenders Limited of Tanzania. “Our products and innovations are good, but the challenge is how to reach people and make our innovations accessible to them. As part of this funding, we will train farmers to raise awareness about what we are producing,” she added. “Additionally, distribution of these products was a challenge, so we are going to distribute them after distributing where expecting impact on purchase.” ALSO READ: Rwanda seeks to reduce ‘potent greenhouse gases’ from livestock “No human is limited”, Karangi reiterated, encouraging the youth to venture into agriculture rather than remaining indecisive about their future. She noted: “We are living in changing economic times, which calls for change on our part as well. East Africa faces similar challenges, and it only takes one step forward to identify sources of income. I am more than thrilled to contribute to making a difference.” “This is not just for me as a woman but for the future generations I want to see thrive. Our mothers set the foundation, but we can build upon it and advocate for more. Let more women join this journey and realize they have the strength to fill these gaps,” she said. Otila Kamwara encouraged the youth to believe in themselves and take ownership of their stories, saying, “Nobody will ever own your story; you own your story. So, you have to go for it.” She added: “If I hadn’t shared my story, Biovision wouldn’t have known me. Go out and tell your story. Challenge everyone with your story and what you stand for. Always be ready to defend it and stay committed to it.” During the press briefing, Hans von Zinkernagel, Biovision Foundation, Program Manager, Policy and Advocacy said that these ventures are providing business solutions at the same time providing climate solution, biodiversity, and land degradation to which it align with a principles of agriculture and championing climate change. He noted: “We hope that by shining a light on them, we show that in the short term, their positive environmental and social impacts are extremely important and worth investing in and in the longer term, these are also investable opportunities. 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SANTA CLARA — When Isaac Guerendo trots onto the field with the first team Sunday at Levi’s Stadium, he will equal the same number of starts he had in five years of college football. Hard to believe, but Guerendo started exactly one time, and it came in his final college game at Louisville. Against USC in the Holiday Bowl, Guerendo carried 23 times for 161 yards and three touchdowns and added five receptions in a 42-28 loss. In 40 other games at Wisconsin and Louisville, Guerendo played in a shared backfield –something he’s done with the 49ers this season behind Jordan Mason and Christian McCaffrey . With McCaffrey on injured reserve with a PCL strain and Mason to follow soon with a high ankle sprain, Guerendo should get his biggest workload since his last college game. “I’m excited, but really it’s whatever it takes to win,” Guerendo said Wednesday as the 49ers (5-7) began preparations to host the Bears (4-8). “Whatever the plan looks like is what we’ll bring.” Guerendo will be backed up by Patrick Taylor Jr., who was on the roster earlier this season when McCaffrey was dealing with bilateral Achilles tendinitis, then re-signed to the practice squad. Taylor was promoted Tuesday, and the 49ers also made a waiver claim on former Jets running back Israel Abanikanda. “I think he’s ready to go,” 49ers coach Kyle Shanahan said. “He had some ups and downs but got better through everything. I think he’s ready for this.” Guerendo, 6-foot and 219 pounds, has 42 carries for 246 yards and two touchdowns, averaging a gaudy 5.9 yards per carry. His 15-yard run in the third quarter was the 49ers’ lone touchdown in a 35-10 loss to the Buffalo Bills. The 49ers traded up to get Guerendo in the fourth round, only to see him sidelined with a hamstring strain in his first training camp practice. A speedy wide receiver at Avon High School in Indiana who also ran track and played basketball, Guerendo carried 10 times for 99 yards with a long run of 76 against Seattle and 14 times for 85 yards against Dallas. At Wisconsin, Guerendo played behind Jonathan Taylor, now a star running back for the Indianapolis Colts. He split time as a graduate student at Louisville with Jawhar Jordan, who rushed for 1,128 yards while Guerendo had 810 yards on 132 carries and a 6.1-yard average. The good news is Guerendo’s body hasn’t taken on the normal amount of abuse for a running back. And Guerendo feels he’s up to the challenge after playing 12 games with old-school running backs coach Bobby Turner. “I always give credit to Coach T for preparing everybody like they’re going to be the starter, so that when moments do come, you’re ready for it,” Guerendo said. McCaffrey appeared to have finally gotten untracked against the Bills, gaining 53 yards on seven carries before getting tripped up on a 19-yard burst in the second quarter. But the tackle injured his knee, Mason injured his ankle, and Guerendo became the lead runner for a team that is sixth in the NFL in rushing. Over time, Guerendo has become accustomed to the speed of the NFL game. “I think it takes guys some time,” Shanahan said. “You start to get a feel for it, if you’ve got the right stuff, you get more reps and the more you adjust to it. How hard you’ve got to hit stuff, how quick those holes close, how you have to hit it full speed and can’t hesitate. We’ve seen that stuff get better in practice and we’ve seen it carry over into games.” McCaffrey, meanwhile, took to social media in the form of a lengthy Instagram post to explain how he was feeling after his latest injury. He wrote of his love for football, how humbling it is and his desire to return. “This wasn’t my year, and sometimes when it rains, it pours,” McCaffrey wrote. “You can feel sorry for yourself and listen to the birds, or you can hold the line. I’m grateful for the support of everyone in my corner and promise I’ll work smarter and harder to come back better from this.” For those who dream big, Shanahan said with a six-week time frame, McCaffrey could conceivably return if the 49ers reach the postseason. THE INJURY LIST Those who didn’t practice Wednesday included edge rusher Nick Bosa (hips, obliques), left tackle Trent Williams (ankle), left guard Aaron Banks (concussion), Mason (ankle) and linebacker Demetrius Flannigan-Fowles (ankle). Cornerback Deommodore Lenoir (knee), linebacker Dre Greenlaw (Achilles) and safety Talanoa Hufanga (wrist) were limited. Defensive tackle Jordan Elliott has cleared concussion protocol after missing the Buffalo game. Hufanga joined Greenlaw as practicing during a 21-day window. Shanahan said it’s more likely Greenlaw would be activated before a Thursday night game against the Los Angeles Rams on Dec. 12 than against Chicago. HUFANGA AND THE CLUB After recovering from an ACL tear last season, Hufanga has played in just two games this season. First, he was felled by an ankle injury, and then a wrist injury that needed surgery. When activated, he’ll play with a protective club on his right hand. “I was still dealing with the ankle. I was about to get it re-wrapped and for some reason my hand wouldn’t open,” Hufanga said. Hufanga said he’ll try to use the protective device as a benefit rather than a detriment. “I had a good friend back in the day who played with a club who had three picks in one game, so you never know,” Hufanga said. MOORE FARES WELL Left tackle Jaylon Moore acquitted himself well for the second straight game in starting in place of Williams. “It was OK, but you can always get better and that’s what I’m focusing on — the things I can get better at,” Moore said. Tight end George Kittle noted last week that Moore was at left tackle all through training camp during Williams’ holdout, so it’s not like he hasn’t been with the first team. “It definitely did help, especially being comfortable with the group,” Moore said. “The quarterback’s cadence, the guy you’re next to, all the small stuff comes into play.”Shohei Ohtani announced Saturday that he and his wife, Mamiko Tanaka , are expecting their first child. “Can’t wait for the little rookie to join our family soon!” Ohtani, 30, wrote in a post on Instagram, along with a picture of baby clothes, an ultrasound and the couple’s dog, Dekopin. The announcement comes about 10 months after Ohtani revealed he and Tanaka, a former professional basketball player in Japan, were married last offseason. It also bookends what was a year of change for the two-way star, who in 2024 switched teams for the first time in his MLB career after signing a $700 million contract with the Dodgers last offseason. Despite being unable to pitch while recovering from a Tommy John revision surgery, Ohtani helped key the Dodgers’ run to a World Series title , winning his third career MVP award after orchestrating the first 50-home run, 50-stolen base season in MLB history. Ohtani is expected to resume full-time two-way duties next season; though his return to the mound will likely be delayed until after opening day following surgery last month to repair a torn labrum he sustained in the World Series. Now, he will be taking on fatherhood duties as well in 2025, with a baby on the way.

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Thomas Sorber collected 22 points, 12 rebounds and four blocks to pace Georgetown to an 83-53 win against shorthanded Coppin State on Saturday afternoon in Washington, D.C. The Hoyas pulled away from the Eagles with a 21-2 run early in the second half. Georgetown held Coppin State to 22 percent shooting in the second half and 18 percent from behind the arc. Georgetown (11-2) is off to its best start since the 2011-12 season. Drew Fielder recorded 20 points and 13 rebounds while Malik Mack had 15 points and 11 assists for the Hoyas. Georgetown played without its leading scorer Jayden Epps, who missed the game with a lower-body injury. Toby Nnadozie scored 22 points and Julius Ellerbe III added 12 to go along with six steals for the Eagles (1-13). The Hoyas' decisive second-half run started with Caleb Williams' steal that led to a Fielder lay up as Georgetown took 49-37 lead. Moments later, Fielder's turnaround in the lane put the Hoyas up 56-37. Sorber's jam with 6:36 left gave Georgetown a 67-41 advantage. The pesky Eagles rattled off a 7-0 run but got no closer than 19 points the rest of the game. The Eagles played without three of their top four scorers but forced 14 Georgetown turnovers in the first half and hit 5-of-8 3-pointers. Ellerbe corralled a loose ball near half court and distributed it to Nnadozie who converted a contested layup to pull CSU within 12-11. But the Hoyas held a 24-10 rebounding edge in the first half as Sorber and Fielder were a force inside the paint. The Hoyas created separation as Sorber worked the high-low game with a catch in the lane and a left finger roll for a 25-15 Hoyas' lead with 8:40 left in the first half. Zahree Harrison's 3-pointer kept the dogged visitors close and capped a 5-0 run that cut the Georgetown lead to 25-20. Nnadozie closed the first half with a 3-pointer and the Hoyas held a 37-30 lead. --Field Level MediaManchin, Sinema prevent Democrats from locking in majority on labor board through 2026 WASHINGTON (AP) — Senate Democrats failed in their bid to confirm a Democratic member of the National Labor Relations Board after the Senate rejected a razor-thin vote that hinged on the pivotal rejections of independent Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona. If the nomination had been successful, the board would have had a Democratic majority until 2026. President-elect Donald Trump will now have a chance to nominate a replacement. The NLRB is a government agency that handles labor relations and unionization in the workplace. It also has the power to investigate potential unfair labor practices, meaning its leadership is highly scrutinized by business interests and labor groups. The failed vote is another blow to Senate Democrats and outgoing President Joe Biden's agenda. Arizona AG sues Saudi firm over 'excessive' groundwater pumping, saying it's a public nuisance PHOENIX (AP) — Arizona Attorney General Kris Mayes says she is suing a Saudi Arabian agribusiness over what she calls “excessive pumping” of groundwater. She alleges that the Fondomonte alfalfa farm in western Arizona is violating a public nuisance law even though the area has no groundwater pumping regulations. Mayes said Wednesday that Fondomonte's use of groundwater threatens the public health, safety and infrastructure of local communities in rural La Paz County. It's Arizona's latest action against foreign companies that use huge amounts of groundwater to grow thirsty forage crops for export. The Associated Press emailed Fondomonte seeking a response to the lawsuit. US inflation ticked up last month as some price pressures remain persistent WASHINGTON (AP) — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October. Excluding volatile food and energy costs, so-called core prices increased 3.3%. Measured month to month, prices climbed 0.3% from October to November, the biggest such increase since April. Wednesday’s inflation figures are the final major piece of data Federal Reserve officials will consider before they meet next week to decide on interest rates. The November increase won’t likely be enough to discourage the officials from cutting their key rate by a quarter-point. Albertsons sues Kroger for failing to win approval of their proposed supermarket merger Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history has crumbled. The two companies have accused each other of not doing enough to push their proposed alliance through, and Albertsons pulled out of the $24.6 billion deal on Wednesday. The bitter breakup came the day after a federal judge in Oregon and a state judge in Washington issued injunctions to block the merger, saying that combining the two grocery chains could reduce competition and harm consumers. Albertsons is now suing Kroger, seeking a $600 million termination fee, as well as billions of dollars in legal fees and lost shareholder value. Kroger says the legal claims are “baseless.” Donald Trump will ring the New York Stock Exchange bell as he's named Time's Person of the Year NEW YORK (AP) — President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange for the first time and be named Time magazine's Person of the Year. Thursday's events will be a notable moment of twin recognitions for Trump, a born-and-bred New Yorker who has long seen praise from the business world and media as a sign of success. Four people with knowledge of his plans told The Associated Press that Trump was expected to be on Wall Street on Thursday to mark the ceremonial start of the day's trading, while a person familiar with the selection confirmed that Trump had been selected as Time's Person of the Year. Supreme Court allows investors' class action to proceed against microchip company Nvidia WASHINGTON (AP) — The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed. The court’s decision Wednesday comes the same week that China said it is investigating the the microchip company over suspected violations of Chinese anti-monopoly laws. The justices heard arguments four weeks ago in Nvidia’s bid to shut down the lawsuit, then decided that they were wrong to take up the case in the first place. They dismissed the company’s appeal, leaving in place an appellate ruling allowing the case to go forward. Apple's latest iPhones get the gift of more AI as holiday shopping season heats up SAN FRANCISCO (AP) — Apple is pumping more artificial intelligence into the latest iPhones during the holiday shopping season. It comes in the form of a free software update that includes a feature that enables users to create customized emojis within a matter of seconds. The Wednesday release of the iPhone’s upgraded operating system extends Apple’s expansion into AI months after rivals such as Samsung and Google began implanting the revolutionary on their devices. The update builds upon another one that came out in late October. The latest round of AI tricks includes “Genmojis,” Apple’s description of emojis that iPhone users will be able to ask the technology to create and then share. EU targets Russia's ghost fleet shipping oil in a new round of sanctions BRUSSELS (AP) — European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine. The EU's Hungarian presidency said Wednesday that the measures will target in particular a vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and fuel. The sanctions are aimed at about 50 of what are routinely decrepit ships. The sanctions will hit more officials and entities alleged to be helping Russia to improve its military technology by evading export restrictions. EU foreign ministers are set to formally adopt the sanctions package on Monday. Can ordinary citizens solve our toughest problems? BEND, OREGON (AP) — Research shows Americans are frustrated with what they perceive as aloofness and gridlock within civic institutions. Citizen assemblies may be able to help. The groups which have direct involvement in decision-making can help “overcome polarization and strengthen societal cohesion,” says Claudia Chwalisz, founder of DemocracyNext. Her nonprofit, launched in Paris in 2022, champions such assemblies worldwide, hoping they can “create the democratic spaces for everyday people to grapple with the complexity of policy issues, listen to one another, and find common ground.” In Europe, examples of such changes abound. In the United States, results are spottier. Making a $1B investment in the US? Trump pledges expedited permits — but there are hurdles WASHINGTON (AP) — President-elect Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion. But like other Trump plans, the idea is likely to run into regulatory and legislative hurdles, including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects. Environmental groups called the plan a clear violation of the National Environmental Policy Act. The chief policy advocacy officer at the Natural Resources Defense Council says Trump should be careful what he wishes for. She said, "What if someone wants to build a waste incinerator next to Mar-a-Lago or a coal mine next to Bedminster golf course?”The public naming of Jay-Z as the mysterious celebrity accused in an anonymous civil lawsuit of raping a 13-year-old girl with Sean “Diddy” Combs came after weeks of behind-the-scenes battling between the star’s lawyer and the Texas attorney representing the woman. Since Combs was charged by federal prosecutors in a salacious sex trafficking probe, numerous civil lawsuits have been filed from people claiming they were victimized by the entertainer. There have also been suggestions that other big names will be swept into the scandal. But the Jay-Z case offers a window into the machinations and big money behind such cases that could be a preview of the potential fallout involving other civil litigation that’s been filed against Combs. In October, Jay-Z received a demand letter from Texas-based attorney Tony Buzbee making allegations of misconduct and suggesting a meeting. Legal experts said such letters are a common way to begin settlement discussions. But this letter included picture of a ticking clock and Jay-Z came out swinging. The music mogul responded by filing his own anonymous lawsuit against the attorney in Los Angeles. On Sunday, Jay-Z’s name was made public as the celebrity in the suit, and he responded by blasting Buzbee on social media as a “deplorable human” and an “ambulance chaser in a cheap suit.” Jay-Z has denied any wrongdoing, calling the claims “idiotic.” Buzbee told The Times on Monday that he “won’t be deterred or intimidated,” but wouldn’t commit to whether other celebrities might be named. Jay-Z’s attorney, Alex Spiro, on Monday sent a letter to a judge in the case asking to either dismiss the allegations against his client or disclose the accuser’s identity. Federal prosecutors have not named any co-conspirators. However, they have repeatedly emphasized their investigation remains ongoing. In a sprawling indictment unsealed earlier this year, they allege Combs for decades used his empire to coerce his victims into sex in gatherings known as “freak-offs.” Combs, who has denied any wrongdoing, was arrested in September after nearly a year of investigation by federal authorities. Jay-Z has not been charged with any crimes and it is unclear whether federal authorities are pursuing this allegation. Legal experts said it’s hard to assess the claims without knowing more about the evidence the plaintiffs have and how Jay-Z and any other celebrities ultimately named can rebut the allegations. “I think [Buzbee] knew there was going to be a fight,” added Laurie L. Levenson, a professor at Loyola Law School. “By the time he names them, he better have all of his witnesses, all of the evidence in order because the minute that the name goes out the fight really escalates.” The war between Jay-Z and Buzbee began in October when the attorney filed a lawsuit in New York on behalf of a woman, identified only as Jane Doe, who says she was 13 when she was raped by Combs and an anonymous male celebrity at a party after the MTV Video Music Awards in 2000. The woman, who had been outside Radio City Music Hall in New York City on Sept. 7, 2000, trying to talk her way into the awards ceremony, was invited to an after-party hosted by Combs. A driver took her to a large white house with a gated U-shaped driveway and, once inside, she was told to sign a nondisclosure agreement, the suit says. A luxurious party was unfolding inside. Waitstaff carried trays of drinks, loud music blasted throughout the house and partygoers were snorting cocaine and using marijuana, according to the lawsuit. After finishing one drink — a concoction of orange juice, cranberry juice and something bitter — she says she began to feel lightheaded and found an empty bedroom to rest. Combs walked into the room with two celebrities, a man and a woman. He approached her “with a crazed look in his eyes, grabbed her and said ‘You are ready to party!’” the lawsuit states. The lawsuit alleges the male celebrity — identified Sunday by Buzbee as Jay-Z— raped the girl, while Combs and an unidentified female celebrity allegedly watched. Combs then raped the girl as the other two celebrities watched, according to the lawsuit. Before filing the lawsuit, Buzbee wrote Jay-Z a demand letter in which he accused the celebrity of raping “multiple minors, both male and female, who had been drugged at parties hosted by Combs,” according to a lawsuit filed by Jay-Z. The lawyer said that if Jay-Z did not agree to a confidential mediation then he would “take a different course,” according to a lawsuit. Jay-Z responded by filing his own anonymous lawsuit against the attorney last month alleging the lawyer tried to extort a payout in return for not identifying him as a sexual abuser tied to Combs. Attorneys representing Jay-Z said the demand letters included “wildly false horrific allegations.” Buzbee fired back by amending his October civil complaint on Sunday to add Jay-Z, whose given name is Shawn Carter, as a defendant. Jay-Z’s attorney then sent a memo to the judge asking her to either dismiss the case or disclose the accuser’s identity. “Mr. Carter deserves to know the identity of the person who is effectively accusing him — in sensationalized, publicity-hunting fashion — of criminal conduct, demanding massive financial compensation, and tarnishing a reputation earned over decades,” Spiro wrote in the memo. David Ring, a lawyer who has represented victims of sexual assault in high-profile civil cases including against Harvey Weinstein, said it’s not unusual for attorneys to send letters as a way to negotiate with a defendant before filing a case. “Jay-Z here called the lawyer’s bluff and so the victim’s attorney named him in the court filing,” Ring said. Neama Rahmani, a former federal prosecutor, said Buzbee either tried to leverage his belief that Jay-Z would want to keep the allegations private or his client didn’t want to be the first person to accuse such a high profile public figure. “This is why I don’t like demand letters in these types of cases and prefer to immediately file a lawsuit. Don’t bark if you’re not going to bite,” Rahmani said. Still, Rahmani said celebrities with connections to Combs are likely on edge. “If I were a celebrity who attended one of Diddy’s ‘freak-offs,’ I would ... have my lawyer on speed dial,” Rahmani said. In a statement issued Sunday by Roc Nation, Jay-Z’s entertainment company, he addressed Buzbee directly saying that the attorney had “made a terrible error in judgment thinking that all celebrities are the same.” “I’m not from your world. I’m a young man who made it out of the project of Brooklyn. We don’t play these types of games. We have very strict codes and honor. We protect children, you seem to exploit people for personal gain,” he wrote. Buzbee responded on Instagram by posting a picture of himself in the Marines, saying that despite what he called a “coordinated and aggressive” effort to intimidate and harass him by people following him and his family, and contacting his clients and former employees, he won’t be backing down. “I also won’t allow anyone to scare my clients into silence,” he wrote. “Sunlight is the best disinfectant and I am quite certain the sun is coming.”

ARLINGTON, Texas — Micah Parsons rocked back and forth on the bench in agony after Cincinnati’s winning touchdown that followed a botched blocked punt from his Dallas Cowboys. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Buy the dips in software, chips as AI growth story far from over: UBSGiants will try to snap a 7-game losing streak when they host the SaintsSANTA CLARA — When Isaac Guerendo trots onto the field with the first team Sunday at Levi’s Stadium, he will equal the same number of starts he had in five years of college football. Hard to believe, but Guerendo started exactly one time, and it came in his final college game at Louisville. Against USC in the Holiday Bowl, Guerendo carried 23 times for 161 yards and three touchdowns and added five receptions in a 42-28 loss. In 40 other games at Wisconsin and Louisville, Guerendo played in a shared backfield –something he’s done with the 49ers this season behind Jordan Mason and Christian McCaffrey . With McCaffrey on injured reserve with a PCL strain and Mason to follow soon with a high ankle sprain, Guerendo should get his biggest workload since his last college game. “I’m excited, but really it’s whatever it takes to win,” Guerendo said Wednesday as the 49ers (5-7) began preparations to host the Bears (4-8). “Whatever the plan looks like is what we’ll bring.” Guerendo will be backed up by Patrick Taylor Jr., who was on the roster earlier this season when McCaffrey was dealing with bilateral Achilles tendinitis, then re-signed to the practice squad. Taylor was promoted Tuesday, and the 49ers also made a waiver claim on former Jets running back Israel Abanikanda. “I think he’s ready to go,” 49ers coach Kyle Shanahan said. “He had some ups and downs but got better through everything. I think he’s ready for this.” Guerendo, 6-foot and 219 pounds, has 42 carries for 246 yards and two touchdowns, averaging a gaudy 5.9 yards per carry. His 15-yard run in the third quarter was the 49ers’ lone touchdown in a 35-10 loss to the Buffalo Bills. The 49ers traded up to get Guerendo in the fourth round, only to see him sidelined with a hamstring strain in his first training camp practice. A speedy wide receiver at Avon High School in Indiana who also ran track and played basketball, Guerendo carried 10 times for 99 yards with a long run of 76 against Seattle and 14 times for 85 yards against Dallas. At Wisconsin, Guerendo played behind Jonathan Taylor, now a star running back for the Indianapolis Colts. He split time as a graduate student at Louisville with Jawhar Jordan, who rushed for 1,128 yards while Guerendo had 810 yards on 132 carries and a 6.1-yard average. The good news is Guerendo’s body hasn’t taken on the normal amount of abuse for a running back. And Guerendo feels he’s up to the challenge after playing 12 games with old-school running backs coach Bobby Turner. “I always give credit to Coach T for preparing everybody like they’re going to be the starter, so that when moments do come, you’re ready for it,” Guerendo said. McCaffrey appeared to have finally gotten untracked against the Bills, gaining 53 yards on seven carries before getting tripped up on a 19-yard burst in the second quarter. But the tackle injured his knee, Mason injured his ankle, and Guerendo became the lead runner for a team that is sixth in the NFL in rushing. Over time, Guerendo has become accustomed to the speed of the NFL game. “I think it takes guys some time,” Shanahan said. “You start to get a feel for it, if you’ve got the right stuff, you get more reps and the more you adjust to it. How hard you’ve got to hit stuff, how quick those holes close, how you have to hit it full speed and can’t hesitate. We’ve seen that stuff get better in practice and we’ve seen it carry over into games.” McCaffrey, meanwhile, took to social media in the form of a lengthy Instagram post to explain how he was feeling after his latest injury. He wrote of his love for football, how humbling it is and his desire to return. “This wasn’t my year, and sometimes when it rains, it pours,” McCaffrey wrote. “You can feel sorry for yourself and listen to the birds, or you can hold the line. I’m grateful for the support of everyone in my corner and promise I’ll work smarter and harder to come back better from this.” For those who dream big, Shanahan said with a six-week time frame, McCaffrey could conceivably return if the 49ers reach the postseason. THE INJURY LIST Those who didn’t practice Wednesday included edge rusher Nick Bosa (hips, obliques), left tackle Trent Williams (ankle), left guard Aaron Banks (concussion), Mason (ankle) and linebacker Demetrius Flannigan-Fowles (ankle). Cornerback Deommodore Lenoir (knee), linebacker Dre Greenlaw (Achilles) and safety Talanoa Hufanga (wrist) were limited. Defensive tackle Jordan Elliott has cleared concussion protocol after missing the Buffalo game. Hufanga joined Greenlaw as practicing during a 21-day window. Shanahan said it’s more likely Greenlaw would be activated before a Thursday night game against the Los Angeles Rams on Dec. 12 than against Chicago. HUFANGA AND THE CLUB After recovering from an ACL tear last season, Hufanga has played in just two games this season. First, he was felled by an ankle injury, and then a wrist injury that needed surgery. When activated, he’ll play with a protective club on his right hand. “I was still dealing with the ankle. I was about to get it re-wrapped and for some reason my hand wouldn’t open,” Hufanga said. Hufanga said he’ll try to use the protective device as a benefit rather than a detriment. “I had a good friend back in the day who played with a club who had three picks in one game, so you never know,” Hufanga said. MOORE FARES WELL Left tackle Jaylon Moore acquitted himself well for the second straight game in starting in place of Williams. “It was OK, but you can always get better and that’s what I’m focusing on — the things I can get better at,” Moore said. Tight end George Kittle noted last week that Moore was at left tackle all through training camp during Williams’ holdout, so it’s not like he hasn’t been with the first team. “It definitely did help, especially being comfortable with the group,” Moore said. “The quarterback’s cadence, the guy you’re next to, all the small stuff comes into play.”


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