By TRÂN NGUYỄN SACRAMENTO, Calif. (AP) — California, home to some of the largest technology companies in the world, would be the first U.S. state to require mental health warning labels on social media sites if lawmakers pass a bill introduced Monday. The legislation sponsored by state Attorney General Rob Bonta is necessary to bolster safety for children online, supporters say, but industry officials vow to fight the measure and others like it under the First Amendment. Warning labels for social media gained swift bipartisan support from dozens of attorneys general, including Bonta, after U.S. Surgeon General Vivek Murthy called on Congress to establish the requirements earlier this year, saying social media is a contributing factor in the mental health crisis among young people. “These companies know the harmful impact their products can have on our children, and they refuse to take meaningful steps to make them safer,” Bonta said at a news conference Monday. “Time is up. It’s time we stepped in and demanded change.” State officials haven’t provided details on the bill, but Bonta said the warning labels could pop up once weekly. Up to 95% of youth ages 13 to 17 say they use a social media platform, and more than a third say that they use social media “almost constantly,” according to 2022 data from the Pew Research Center. Parents’ concerns prompted Australia to pass the world’s first law banning social media for children under 16 in November. “The promise of social media, although real, has turned into a situation where they’re turning our children’s attention into a commodity,” Assemblymember Rebecca Bauer-Kahan, who authored the California bill, said Monday. “The attention economy is using our children and their well-being to make money for these California companies.” Lawmakers instead should focus on online safety education and mental health resources, not warning label bills that are “constitutionally unsound,” said Todd O’Boyle, a vice president of the tech industry policy group Chamber of Progress. “We strongly suspect that the courts will set them aside as compelled speech,” O’Boyle told The Associated Press. Victoria Hinks’ 16-year-old daughter, Alexandra, died by suicide four months ago after being “led down dark rabbit holes” on social media that glamorized eating disorders and self-harm. Hinks said the labels would help protect children from companies that turn a blind eye to the harm caused to children’s mental health when they become addicted to social media platforms. “There’s not a bone in my body that doubts social media played a role in leading her to that final, irreversible decision,” Hinks said. “This could be your story.” Related Articles National News | Biden creates Native American boarding school national monument to mark era of forced assimilation National News | How should the opioid settlements be spent? Those hit hardest often don’t have a say National News | ‘Polarization’ is Merriam-Webster’s 2024 word of the year National News | Supreme Court rejects appeal challenging Hawaii gun licensing requirements under Second Amendment National News | Supreme Court rejects appeal from Boston parents over race bias in elite high school admissions Common Sense Media, a sponsor of the bill, said it plans to lobby for similar proposals in other states. California in the past decade has positioned itself as a leader in regulating and fighting the tech industry to bolster online safety for children. The state was the first in 2022 to bar online platforms from using users’ personal information in ways that could harm children. It was one of the states that sued Meta in 2023 and TikTok in October for deliberately designing addictive features that keep kids hooked on their platforms. Gov. Gavin Newsom, a Democrat, also signed several bills in September to help curb the effects of social media on children, including one to prohibit social media platforms from knowingly providing addictive feeds to children without parental consent and one to limit or ban students from using smartphones on school campus. Federal lawmakers have held hearings on child online safety and legislation is in the works to force companies to take reasonable steps to prevent harm. The legislation has the support of X owner Elon Musk and the President-elect’s son, Donald Trump Jr . Still, the last federal law aimed at protecting children online was enacted in 1998, six years before Facebook’s founding.49ers look to maintain their ‘urgency’ when they host the rival Rams
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CONWAY, Ark. (AP) — Elias Cato scored 23 points as Central Arkansas beat UNC Asheville 92-83 in double overtime on Sunday. Jordan Morris made two free throws with one second left for UNC Asheville (2-3) to force overtime tied at 71. Fletcher Abee's 3-pointer with 33 seconds left in the first overtime tied the game at 79 and led to the second extra period. Michael Evbagharu's layup gave Central Arkansas (2-4) the lead in the second OT and Cato followed with a 3-pointer as the Bears outscored the Bulldogs 21-12 to pull out the victory. Cato added nine rebounds for the Bears. Layne Taylor totaled 19 points, seven assists, six rebounds and five steals. Brayden Fagbemi pitched in with 19 points, seven assists and five steals. The Bulldogs (2-3) were led by Fletcher Abee, who recorded 27 points. UNC Asheville also got 17 points from Josh Banks. Toyaz Solomon finished with 15 points, 15 rebounds and three blocks. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .WesBanco, Inc. and Premier Financial Corp. Announce Shareholder Approvals of Merger Agreement
Leh, Nov 23 (PTI) Union Power Minister Manohar Lal Khattar on Saturday inaugurated NTPC's Green Hydrogen Mobility Project here, featuring a hydrogen-fuelling station, a 1.7 MW solar plant and five fuel cell buses operating at 11,562 feet. This marks India's first hydrogen bus deployment on public roads. NTPC targets 60 GW renewable energy capacity by 2032 and leadership in green hydrogen and energy storage, an official spokesperson said. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for November 23, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. The minister flagged off the green hydrogen buses of NTPC at a function attended by senior officers and later travelled 12 km in one of the buses from the H2 filling station to the Leh airport. The project comprises in-situ 1.7 MW solar plant, green hydrogen filling station of capacity 80 kg/day and five hydrogen intra-city buses. Each bus can cover 300 km per single filling of hydrogen of 25 kg, the spokesperson said. Also Read | Shillong Teer Results Today, November 23 2024: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai. He said this is also the world's highest altitude (3,650 m MSL) green hydrogen mobility project designed to operate in low density air, sub-zero temperature and can fill hydrogen at 350 bar pressure. This station will mitigate carbon emissions of approximately 350 MT per year and contribute 230 MT per year of pure oxygen into the atmosphere, which is equal to planting of about 13,000 trees, the spokesperson said. He said NTPC is setting up more hydrogen mobility projects across India in addition to deployment of various green hydrogen technologies, rapidly scaling up of renewable energy capacity, including setting up of hydrogen hub in Andhra Pradesh. The Union minister also visited waste-to-art sculptures site at Leh. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)Prospera Financial Services Inc cut its position in Western Alliance Bancorporation ( NYSE:WAL – Free Report ) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,163 shares of the financial services provider’s stock after selling 449 shares during the period. Prospera Financial Services Inc’s holdings in Western Alliance Bancorporation were worth $533,000 at the end of the most recent reporting period. Several other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in Western Alliance Bancorporation by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,112,376 shares of the financial services provider’s stock worth $328,165,000 after purchasing an additional 717,242 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Western Alliance Bancorporation by 20.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,722,389 shares of the financial services provider’s stock worth $233,832,000 after acquiring an additional 636,577 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Western Alliance Bancorporation by 0.7% during the second quarter. William Blair Investment Management LLC now owns 2,813,823 shares of the financial services provider’s stock worth $176,764,000 after acquiring an additional 20,876 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Western Alliance Bancorporation by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,802,505 shares of the financial services provider’s stock worth $155,899,000 after acquiring an additional 169,244 shares in the last quarter. Finally, Smead Capital Management Inc. increased its position in shares of Western Alliance Bancorporation by 3.5% during the third quarter. Smead Capital Management Inc. now owns 1,350,195 shares of the financial services provider’s stock worth $116,778,000 after acquiring an additional 45,543 shares in the last quarter. 79.15% of the stock is currently owned by institutional investors and hedge funds. Insider Transactions at Western Alliance Bancorporation In other Western Alliance Bancorporation news, insider Barbara Kennedy sold 11,083 shares of Western Alliance Bancorporation stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $81.59, for a total value of $904,261.97. Following the completion of the sale, the insider now owns 7,977 shares in the company, valued at $650,843.43. The trade was a 58.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, Director Robert P. Latta sold 2,996 shares of Western Alliance Bancorporation stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $82.75, for a total transaction of $247,919.00. Following the completion of the sale, the director now owns 4,056 shares of the company’s stock, valued at $335,634. This trade represents a 42.48 % decrease in their position. The disclosure for this sale can be found here . 2.75% of the stock is currently owned by corporate insiders. Western Alliance Bancorporation Stock Performance Western Alliance Bancorporation ( NYSE:WAL – Get Free Report ) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The company had revenue of $833.10 million for the quarter, compared to analyst estimates of $811.40 million. Western Alliance Bancorporation had a return on equity of 13.16% and a net margin of 14.66%. As a group, equities analysts predict that Western Alliance Bancorporation will post 7.14 EPS for the current year. Western Alliance Bancorporation Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, November 15th. This is a boost from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 23.46%. Analyst Upgrades and Downgrades WAL has been the subject of several research reports. Piper Sandler lowered their price objective on shares of Western Alliance Bancorporation from $102.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of Western Alliance Bancorporation from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Barclays increased their price objective on shares of Western Alliance Bancorporation from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and raised their target price for the company from $83.00 to $101.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada set a $99.00 target price on shares of Western Alliance Bancorporation and gave the company an “outperform” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.73. Read Our Latest Analysis on Western Alliance Bancorporation About Western Alliance Bancorporation ( Free Report ) Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services. Featured Articles Want to see what other hedge funds are holding WAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Alliance Bancorporation ( NYSE:WAL – Free Report ). 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