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mgo777 NEW YORK : Facebook owner Meta Platforms will face trial in April over the U.S. Federal Trade Commission's allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition, a judge in Washington said on Monday. The FTC sued in 2020, during the Trump administration, alleging the company acted illegally to maintain a monopoly on personal social networks. Meta, then known as Facebook, overpaid for Instagram in 2012 and WhatsApp in 2014 to eliminate nascent threats instead of competing on its own in the mobile ecosystem, the FTC claims. Judge James Boasberg set trial in the case for April 14. Boasberg earlier this month rejected Meta's argument that the case should be dismissed as it depends on an overly narrow view of social media markets. The lawsuit does not account for competition from ByteDance's TikTok, Alphabet's YouTube, X, and Microsoft's LinkedIn, Meta had argued. Boasberg said that while the case should go forward to trial, "time and technological change pose serious challenges" to the FTC's market definition. "The Commission faces hard questions about whether its claims can hold up in the crucible of trial. Indeed, its positions at times strain this country's creaking antitrust precedents to their limits," the judge said in the Nov. 13 ruling.Ruben Amorim issues storm warning after smooth start with Manchester United

NEW YORK (AP) — President-elect Donald Trump’s lawyers formally asked a judge Monday to throw out his hush money criminal conviction, arguing continuing the case would present unconstitutional “disruptions to the institution of the Presidency.“ In a filing made public Tuesday, Trump’s lawyers told Manhattan Judge Juan M. Merchan that dismissal is warranted because of the extraordinary circumstances of his impending return to the White House. “Wrongly continuing proceedings in this failed lawfare case disrupts President Trump’s transition efforts,” the attorneys continued, before citing the “overwhelming national mandate granted to him by the American people on November 5, 2024.” Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated openness to delaying sentencing until after Trump’s second term ends in 2029. Following Trump’s election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump’s prior bid to dismiss the case on immunity grounds. Trump has been fighting for months to reverse the conviction, which involved efforts to conceal a $130,000 payment to porn actor Stormy Daniels, whose affair allegations threatened to disrupt his 2016 campaign. He has denied any wrongdoing. Trump takes office Jan. 20. Merchan hasn’t set a timetable for a decision. A dismissal would erase Trump’s historic conviction, sparing him the cloud of a criminal record and possible prison sentence. Trump is the first former president to be convicted of a crime and the first convicted criminal to be elected to the office. Merchan could also decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court or choose some other option.Trump chooses Pam Bondi for attorney general pick after Gaetz withdraws

Reiterates Commitment to Investing in America to Lower Grocery Prices, Raise Associate Wages, and Support Local Communities Highlights Resilience of Value Creation Model and Strong Momentum to Drive Long-term, Sustainable Growth Board of Directors Authorizes $7.5B Share Repurchase Program including $5B Accelerated Share Repurchase CINCINNATI , Dec. 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today terminated its merger agreement with Albertsons after the U.S. District Court for the District of Oregon granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. After reviewing options, the company determined it is no longer in its best interests to pursue the merger. "Kroger is moving forward from a position of strength. Our go-to-market strategy provides exceptional value and unique omnichannel experiences to our customers which powers our value creation model. We look forward to accelerating our flywheel to grow our alternative profit businesses and generate increased cash flows. The strength of our balance sheet and sustainability of our model allows us to pursue a variety of growth opportunities, including further investment in our store network through new stores and remodels, which will be an important part of our 8 – 11% TSR model over time," said Rodney McMullen , Kroger's Chairman and CEO. America's Grocer is Committed to Lowering Grocery Prices & Investing in Associates "Kroger has an extraordinary track record of investing in America," said McMullen. "We are at our best when we serve others – our customers, associates, and communities – and we take seriously our responsibility to provide great value by consistently lowering prices and offering more choices. When we do this, more customers shop with us and buy more groceries, which allows us to reinvest in even lower prices, a better shopping experience and higher wages. We know this model works because we've been doing it successfully for many years, and this is exactly what we will continue to do." Kroger's ongoing investments in America include: "I appreciate our associates who remained focused on taking care of our customers, communities and each other throughout the merger process," added McMullen. Share Repurchase Program Including Accelerated Share Repurchases Now that Kroger has terminated the merger agreement, the company is ready to deploy its capacity. With its strengthened balance sheet, Kroger will resume share repurchases after a more than two-year pause. Since announcing the merger, Kroger used its strong free cash flow and debt financing to build meaningful balance sheet capacity while maintaining its investment-grade rating. Kroger's Board of Directors approved a new share repurchase program authorizing the repurchase of up to $7.5 billion of common stock. The new repurchase authorization replaces Kroger's existing $1 billion authorization which was approved in September 2022 . Kroger intends to enter an accelerated share repurchase ("ASR") agreement for the repurchase of approximately $5 billion of common stock. "Our strong balance sheet and free cash flows position us to deliver on our commitment to grow the business and return capital to shareholders, maintaining capacity to invest in lower prices and higher associate wages," McMullen said. Kroger expects to continue to generate strong free cash flow and remains committed to its capital allocation priorities including maintaining its current investment grade debt rating, investing in the business to drive long-term sustainable net earnings growth, and returning excess free cash flow to shareholders via share repurchases and a growing dividend over time, subject to board approval. Looking forward, Kroger plans to host an Investor Day event in late spring of 2025 to share an update on its strategic priorities, future growth prospects and long-term financial outlook. Merger Debt Redemption In connection with the termination of the merger agreement, Kroger will begin the process of redeeming the $4.7 billion of its senior notes issued on August 27, 2024 , that include a special mandatory redemption provision in accordance with their terms. The notes will be redeemed at a redemption price equal to 101% of their principal amount, plus accrued and unpaid interest to, but excluding, the special mandatory redemption date. Termination of Exchange Offers In connection with the termination of the merger agreement, Kroger has also elected to terminate its previously announced offers to exchange (collectively, the "Exchange Offers") any and all outstanding notes (the "ACI Notes") issued by Albertsons Companies, Inc., New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC (collectively, the "ACI Issuing Entities"), for up to $7,441,608,000 aggregate principal amount of new notes to be issued by Kroger and cash. Kroger has also elected to terminate the related solicitation of consents (the "Consent Solicitation" and, together with the Exchange Offer, the "Exchange Offer and Consent Solicitation") on behalf of the ACI Issuing Entities to adopt certain proposed amendments to the indentures governing the ACI Notes (the "ACI Indentures"). As a result of the Exchange Offer being terminated, the total consideration, including any consent fee, will not be paid or become payable to holders of the ACI Notes who have validly tendered and not validly withdrawn their ACI Notes for exchange in the Exchange Offer, and the ACI Notes validly tendered and not validly withdrawn for exchange pursuant to the Exchange Offer will be promptly returned to the tendering holders. As a result of the Consent Solicitation being terminated, the proposed amendments to the ACI Indentures and the supplemental indentures previously entered into reflecting such proposed amendments will not become operative. About the Exchange Offers Global Bondholder Services Corporation served as exchange agent and information agent for the now terminated Exchange Offer and Consent Solicitation. You should direct questions and requests for assistance to Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or (212) 430-3774 (banks and brokers), or by email at contact@gbsc-usa.com . About Kroger At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: to Feed the Human SpiritTM. We are, across our family of companies nearly 414,000 associates who serve over eleven million customers daily through a seamless digital shopping experience and retail food stores under a variety of banner names , serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site. Forward Looking Statements This press release contains certain statements that constitute "forward-looking statements" about Kroger's financial position and the future performance of the company. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "achieve," "committed," "confidence," "continue," "deliver," "expect," "future," "guidance," "model," "outlook," "strategy," "target," "trends," "well-positioned," and variations of such words and similar phrases. Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings, as well as the following: Kroger's ability to achieve sales, earnings, incremental FIFO operating profit, and adjusted free cash flow goals may be affected by: the termination of the merger agreement and our proposed transaction with Albertsons and related divestiture plan; labor negotiations; potential work stoppages; changes in the unemployment rate; pressures in the labor market; changes in government-funded benefit programs; changes in the types and numbers of businesses that compete with Kroger; pricing and promotional activities of existing and new competitors, and the aggressiveness of that competition; Kroger's response to these actions; the state of the economy, including interest rates, the inflationary, disinflationary and/or deflationary trends and such trends in certain commodities, products and/or operating costs; the geopolitical environment including wars and conflicts; unstable political situations and social unrest; changes in tariffs; the effect that fuel costs have on consumer spending; volatility of fuel margins; manufacturing commodity costs; supply constraints; diesel fuel costs related to Kroger's logistics operations; trends in consumer spending; the extent to which Kroger's customers exercise caution in their purchasing in response to economic conditions; the uncertainty of economic growth or recession; stock repurchases; changes in the regulatory environment in which Kroger operates, along with changes in federal policy and at regulatory agencies; Kroger's ability to retain pharmacy sales from third party payors; consolidation in the healthcare industry, including pharmacy benefit managers; Kroger's ability to negotiate modifications to multi-employer pension plans; natural disasters or adverse weather conditions; the effect of public health crises or other significant catastrophic events; the potential costs and risks associated with potential cyber-attacks or data security breaches; the success of Kroger's future growth plans; the ability to execute our growth strategy and value creation model, including continued cost savings, growth of our alternative profit businesses, and our ability to better serve our customers and to generate customer loyalty and sustainable growth through our strategic pillars of fresh, our brands, personalization, and seamless; the successful integration of merged companies and new strategic collaborations; and the risks relating to or arising from our proposed nationwide opioid litigation settlement, including our ability to finalize and effectuate the settlement, the scope and coverage of the ultimate settlement and the expected financial or other impacts that could result from the settlement. Our ability to achieve these goals may also be affected by our ability to manage the factors identified above. Our ability to execute our financial strategy may be affected by our ability to generate cash flow. Kroger assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Kroger's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. View original content to download multimedia: https://www.prnewswire.com/news-releases/kroger-reiterates-its-commitment-to-lower-prices-and-initiates-new-7-5b-share-buyback-program-302329493.html SOURCE The Kroger Co.MURFREESBORO, Tenn. (AP) — Brandon Nunez threw just two passes, each for a score, and New Mexico State beat Middle Tennessee 36-21 on Saturday to end a three-game losing streak. Nunez tossed a 12-yard touchdown pass to Seth McGowan to give the Aggies a 20-7 lead midway through the third quarter. After Middle Tennessee pulled to 26-21 early in the fourth, Nunez tossed a 4-yard TD pass to Cooper Sheehan that made it 33-21 with 7:43 left. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

WASHINGTON — Only about 2 in 10 Americans approve of President Joe Biden's decision to pardon his son Hunter after earlier promising he would do no such thing, according to a poll from The Associated Press-NORC Center for Public Affairs Research. That displeasure tracks with the bipartisan uproar in Washington that ignited over the president's about-face. The survey found that a relatively small share of Americans "strongly" or "somewhat" approve of the pardon, which came after the younger Biden was convicted on gun and tax charges. About half said they "strongly" or "somewhat" disapprove, and about 2 in 10 neither approve nor disapprove. The Democratic president said repeatedly that he would not use his pardon power for the benefit of his family, and the White House continued to insist, even after Republican Donald Trump's election win in November, that Biden's position had not changed — until it suddenly did. "I know it's not right to believe politicians as far as what they say compared to what they do, but he did explicitly say, 'I will not pardon my son,'" said Peter Prestia, a 59-year-old Republican from Woodland Park, New Jersey, just west of New York City, who said he strongly disagreed with the move. "So, it's just the fact that he went back on his word." In issuing a pardon Dec. 1, Biden argued that the Justice Department had presided over a "miscarriage of justice" in prosecuting his son. The president used some of the same kind of language that Trump does to describe the criminal cases against him and his other legal predicaments. White House press secretary Karine Jean-Pierre said it was a decision that Biden struggled with but came to shortly before he made the announcement, "because of how politically infected these cases were" as well as "what his political opponents were trying to do." The poll found that about 4 in 10 Democrats approve of the pardon, while about 3 in 10 disapprove and about one-quarter did not have an opinion or did not know enough to say. The vast majority of Republicans and about half of independents had a negative opinion. For some, it was easy to see family taking priority over politics. "Do you have kids?" asked Robert Jenkins, a 63-year-old Democrat who runs a lumber yard and gas station in Gallipolis, Ohio. "You're gonna leave office and not pardon your kid? I mean, it's a no-brainer to me." But Prestia, who is semiretired from working for a digital marketing conglomerate, said Biden would have been better off not making promises. "He does have that right to pardon anybody he wants. But he just should have kept his mouth shut, and he did it because it was before the election, so it's just a bold-faced lie," Prestia said. Despite the unpopularity of his decision, the president's approval rating has not shifted meaningfully since before his party lost the White House to Trump. About 4 in 10 Americans "somewhat" or "strongly" approve of the way Biden is handling his job as president, which is about where his approval rating stood in AP-NORC polls since January 2022. Still, the pardon keeps creating political shock waves, with Republicans, and even some top Democrats, decrying it. Older adults are more likely than younger ones to approve of Biden's pardoning his son, according to the poll, though their support is not especially strong. About one-third of those ages 60 and older approve, compared with about 2 in 10 adults under 60. The age divide is driven partially by the fact that younger adults are more likely than older ones to say they neither approve nor disapprove of the pardon or that they do not know enough to say. About 6 in 10 white adults disapprove of the pardon, compared with slightly less than half of Hispanic adults and about 3 in 10 Black adults. Relatively large shares of Black and Hispanic Americans — about 3 in 10 — were neutral, the poll found. "Don't say you're gonna do something and then fall back," said Trinell Champ, 43, a Democrat from Nederland, Texas, who works in the home health industry and said she disapproved of the pardon. "At the end of the day, all you have is your word." Champ, who is Black, voted for Democratic Vice President Kamala Harris over Trump. "I just had my hopes up for her, but I wasn't 100% positive," she said. Champ also said she does not approve of Biden's handling of the presidency and thinks the country is on the wrong track. "While he was in office, I felt like I really didn't see a lot of changes," she said. "I just felt like everything just kind of stayed the same," Champ said. Overall, though, the pardon did not appear to be a driving factor in many Americans' assessment of Biden's job performance. The share of Black Americans who approve of the way he is handling his job as president did fall slightly since October, but it is hard to assess what role the pardon may have played.BARCELONA, Spain (AP) — Tens of thousands of Spaniards marched in downtown Barcelona on Saturday to protest the skyrocketing cost of renting an apartment in the popular tourist destination. Protesters cut off traffic on main avenues in the city center, holding up homemade signs in Spanish reading “Fewer apartments for investing and more homes for living" and “The people without homes uphold their rights.” The lack of affordable housing has become one of the leading concerns for the southern European Union country, mirroring the housing crunch across many parts of the world, including the United States . Organizers said that over 100,000 had turned out, while Barcelona’s police said they estimated some 22,000 marched. Either way, the throngs of people clogging the streets recalled the massive separatist rallies at the heigh of the previous decade’s Catalan independence movement. Now, social concerns led by housing have displaced political crusades. That is because the average rent for Spain has doubled in last 10 years. The price per square meter has risen from 7.2 euros ($7.5) in 2014 to 13 euros this year, according to the popular online real estate website Idealista. The growth is even more acute in cities like Barcelona and Madrid. Incomes meanwhile have failed to keep up, especially for younger people in a country with chronically high unemployment. Protestor Samuel Saintot said he is “frustrated and scared” after being told by the owners of the apartment he has rented for the past 15 years in Barcelona’s city center that he must vacate the premises. He suspects that the owners want him out so they can renovate it and boost the price. “Even looking in a 20- or 30-kilometer radius outside town, I can’t even find anything within the price range I can afford,” he told The Associated Press. “And I consider myself a very fortunate person, because I earn a decent salary. And even in my case, I may be forced to leave town.” A report by the Bank of Spain indicates that nearly 40% of Spaniards who rent dedicate an average of 40% of their income to paying rents and utilities, compared to the European Union average of 27% of renters who do so. “We are talking about a housing emergency. It means people having many difficulties both in accessing and staying in their homes,” said Ignasi Martí, professor for Esade business school and head of its Dignified Housing Observatory. The rise in rents is causing significant pain in Spain, where traditionally people seek to own their homes. Rental prices have also been driven up by short-term renters including tourists. Many migrants to Spain are also disproportionately hit by the high rents because they often do not have enough savings. Spain is near the bottom end of OECD countries with under 2% of all housing available being public housing for rent. The OECD average is 7%. Spain is far behind France, with 14%, Britain with 16%, and the Netherlands with 34%. Carme Arcarazo, spokesperson for Barcelona’s Tenants Union which helped organize the protest, said that renters should consider a “rent strike” and cease paying their monthly rents in a mass protest movement. “I think we the tenants have understood that this depends on us. That we can’t keep asking and making demands to the authorities and waiting for an answer. We must take the reins of the situation,” Arcarazo told the AP. “So, if they (the owners) won’t lower the rent, then we will force them to do it." The Barcelona protest came a month after tens of thousands rallied against high rents in Madrid. The rising discontent over housing is putting pressure on Spain’s governing Socialist party, which leads a coalition on the national level and is in charge of Catalonia’s regional government and Barcelona’s city hall. Spanish Prime Minister Pedro Sánchez presided over what the government termed a “housing summit” including government officials and real estate developers last month. But the Barcelona’s Tenants Union boycotted the event, saying it was like calling a summit for curing cancer and inviting tobacco companies to participate. The leading government measure has been a rent cap mechanism that the central government has offered to regional authorities based on a price index established by the housing ministry. Rent controls can be applied to areas deemed to be “highly stressed” by high rental prices. Catalonia was the first region to apply those caps, which are in place in downtown Barcelona. Many locals blame the million of tourists who visit Barcelona, and the rest of Spain, each year for the high prices. Barcelona’s town hall has pledged to completely eliminate the city’s 10,000 so called “tourist apartments,” or dwellings with permits for short-term rents, by 2028.

SANTA CLARA, Calif. — At this point the past two seasons, the San Francisco 49ers were fighting for playoff positioning rather than their playoff lives. After snapping a three-game losing streak with a lopsided win last week against Chicago, the Niners head into a Thursday night division showdown against the Los Angeles Rams hoping to play with the same kind of desperation in a game they almost certainly need to win to get to the postseason. "I think just across the board as a team, everybody had just a bit more of sense of urgency and I think we executed and played together as a team, and we didn't let off," quarterback Brock Purdy said. "Really liked that. But, that was last week so now it's on to this week and how can we do that again?" After getting outscored by 53 points in losses at Green Bay and Buffalo, the 49ers (6-7) played their most complete game of the season to keep their playoff hopes alive. While some credited a feeling of desperation or speeches from players such as Purdy and Deommodore Lenoir for the turnaround, linebacker Fred Warner said it was more about execution than anything else. "We didn't go out there in Green Bay, we didn't go out there in Buffalo saying, 'Let's just hope that we win.' Trust me, I felt desperate as hell going into both those games," he said. "It just didn't work out. ... It didn't happen because last week we decided we wanted to. This was weeks in the making." Whatever the reason, the results were obvious to anyone watching, including the Rams (7-6), who had their own signature performance to boost their playoff chances. Los Angeles held off Buffalo 44-42 to remain one game behind Seattle in the NFC West race and a game ahead of the 49ers and Arizona in the tightly packed division. Coach Sean McVay knows his team will need a similar performance to beat San Francisco and earn a season sweep. "I saw they certainly had a very dominant performance," he said. "If there's anything that you do know, it's a week-to-week league. Humility is only a week away. They have excellent coaches, excellent personnel and really good schemes. No matter what's really happened in terms of the trajectory of the injuries, they're going to be ready to go." Puka Nacua is in dominant form with 33 catches for 458 yards and three TDs in the Rams' past four games, highlighted by a 162-yard performance last week against Buffalo in which he also scored his first rushing TD. Nacua was injured for these clubs' first meeting this season — but last year, he broke the NFL's single-game rookie receptions record with 15 in his first game against San Francisco, and he set the NFL rookie season records for catches and yards receiving during his visit to Santa Clara last January. "He's a tough football player," 49ers defensive coordinator Nick Sorensen said. "Some guys are just competitive. He's got size, he doesn't go down easy. Some things you can't measure and he's just got it." The least productive four-game stretch of Deebo Samuel's career sent the frustrated wide receiver for the San Francisco 49ers to social media. In a now-deleted post on X, formerly known as Twitter, Samuel said the reason he gained only 97 yards from scrimmage the past four games was not that he was struggling but that he wasn't getting the ball. His teammates and coaches believe he will get back to his All-Pro form soon. "I want to get Deebo the ball every play if I could," Purdy said. "I want to have him break all the records as best as possible. I want Deebo to do Deebo things." The Rams defense got shredded twice in the past three weeks by Saquon Barkley's Eagles and Josh Allen's Bills, dropping the unit to 27th in total defense. LA's vaunted young pass rush led by rookie Jared Verse has no sacks in its past two games and just three in the past four games. Considering Purdy drove the Niners to 425 yards in the teams' first meeting this season without Christian McCaffrey, George Kittle or Samuel, the Rams' offense might need yet another prolific game to overcome its defense's weaknesses. With Nick Bosa sidelined the past three games, the 49ers have had to generate pass rushes from different sources. They had a season-high seven sacks last week with Yetur Gross-Matos getting three and Leonard Floyd two. The 32-year-old Floyd has 5 1/2 sacks in his past four games. "Leonard's just an Energizer bunny," Shanahan said. "It's crazy with him being one of the older guys and stuff and how many different teams he's been to, but I've played against him enough and felt that." Bosa has a chance to return this week and is listed as questionable. AP Sports Writer Greg Beacham in Los Angeles contributed to this reportNone

49ers look to maintain 'urgency' against rival RamsIconic muscle car goes on sale in UK with right-hand drive for first time – & could be yours for same price as a BMW M4

2 Canadian Growth Stocks Set to Skyrocket in the Next 12 MonthsThe value of global music copyright surged to $45.5 billion in 2023, marking an 11% increase from the previous year. This reflects the growing economic strength of music rights, which were valued at $25 billion in 2014. If current trends continue, music copyright could double in value over a decade. Record Labels And Streaming: Key Drivers Of Growth According to economist Will Page ‘s annual industry report ( via Billboard), record labels accounted for the largest share of the music copyright market, generating $28.5 billion in 2023—a 21% year-over-year increase. See Also: Apple Music Launched A $450 Limited-Edition Coffee Table Book: ‘100 Best Albums’ Streaming continued to dominate revenue sources, with a 10.4% growth rate. Physical music sales also performed strongly, as vinyl sales rose 15.4%, outpacing CDs in many regions. Page predicted vinyl could become a $3 billion industry by 2028, driven by higher unit prices and global demand. Major publicly traded record labels such as Universal Music Group NV UMGNF , Warner Music Group Corp WMG , and Sony Group Corp ‘s SONY Sony Music Entertainment were among the primary beneficiaries of these trends. UMG, for instance, reported $3.2 billion in Q3 2024 revenue, showing strong performance fueled by streaming and physical sales. Shifting Dynamics In Songwriter Royalties Moreover, collective management organizations (CMOs), which collect royalties on behalf of songwriters and publishers, saw revenues rise by 11% to $12.9 billion in 2023. Digital collections from CMOs have now surpassed those from broadcast and radio, reflecting the dominance of streaming platforms over traditional media. However, publishers are increasingly turning to direct licensing agreements, bypassing CMOs to avoid administrative delays and fees. "A song that spikes in mid-March, for example, takes 201 days to pay the artist and 383 days to pay the songwriter," Page explained. These delays can erode a third of songwriter revenue due to transaction costs. Music Surpasses Cinema The music industry's recovery following the pandemic has enabled it to overtake cinema in terms of economic output. In 2023, music was 38% larger than cinema, a stark contrast to 2019 when cinema led by 33%. Music copyright figures reflect trade revenue that benefits rights holders, while cinema's $33.2 billion box office revenues are divided between distribution and production. Companies like Live Nation Entertainment LYV , which operate in recorded music and live performance sectors, have capitalized on this momentum. Streaming’s Global Trade Advantage Streaming platforms have created new opportunities for artists from regions with lower royalty rates. North America and Europe, which account for 80% of streaming revenue growth, provide significantly higher payouts compared to Latin America and Asia. For example, Colombian artists like J. Balvin and Shakira earned nearly $100 million from U.S. streams in 2023, six times what they would have generated in their home country. Publicly traded streaming platforms such as Spotify Technology SA SPOT and Tencent Music Entertainment TME play a crucial role in this dynamic. Spotify benefits from premium subscription revenues in high-value markets, while Tencent Music caters to large audiences in Asia with a range of streaming and social entertainment services. Read Next: Spotify Stock Climbs Despite Q3 EPS Miss, Revenue Beat (CORRECTED) Cover image made using artificial intelligence via Dall-E. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

he world faces a perfect storm of crises, many of which can seem intractable. The impacts of are becoming more obvious by the day, including injuries and deaths from storms, flooding, and wildfires. The Middle East, central Europe, and Africa, among other regions, are embroiled in deadly and destabilizing wars. We have just been through a pandemic that caused an estimated , and we remain in an era in which there will be a constant risk of more epidemics and pandemics. Yet despite these challenges, we remain profoundly optimistic when it comes to tackling disease and improving human health worldwide. We are no Pollyannas. Our optimism is based on a report recently published in the that we coauthored as members of a team of 50 health experts and economists worldwide, the , chaired by former U.S. Treasury Secretary Lawrence Summers. Our report, called , shows that a remarkable goal is within reach: any country that chooses to do so, regardless of how wealthy it is, could halve the probability of their citizens dying before age 70 by the year 2050. We call this goal “50 by 50”—a 50% reduction in the probability of premature death by 2050, starting from a baseline year of 2019 (the year before the COVID-19 pandemic). : Although we concluded that “50 by 50” is an achievable goal for all countries, recent history suggests that some countries would require major redirections of policy. The U.S., for example, is the only country among the world’s 30 most populous countries to have experienced an actual in the probability of premature death in the decade preceding COVID-19. Achieving “50 by 50” in the U.S. would require far more dramatic improvements in policy than for recently successful populous countries like South Korea, Russia, Bangladesh, and Turkey. Why do we focus on premature death? Because dying prematurely is ruinous—not just for the individual, but for their families and communities. Premature death takes a human toll as well as an economic one on households and societies, striking down wage earners in the prime of their lives. And it can be averted. To quote the legendary British epidemiologist Richard Doll, who pioneered research showing that smoking caused lung cancer, “In old age death is inevitable, but death before old age is not.” (Doll lived to age 92.) For any country, reaching “50 by 50” would be transformative. It would mean more children surviving into adulthood, more women surviving childbirth, and fewer people dying in middle age from illnesses and injuries that are preventable and treatable. Our optimism that “50 by 50” can be achieved is based both on looking back to historical experience of mortality decline and on looking forward to the new scientific innovations coming out of the research and development pipeline. Historical experience shows that our goal is challenging but feasible. Since 1970, 37 countries have halved the probability of their citizens dying before age 70 in 31 years or less, including seven of the world’s most populous countries. This group of seven countries— Bangladesh, China, Iran, Italy, Japan, South Korea, and Vietnam—is remarkably diverse in terms of geography, politics, income level, and their “starting point” (their country’s probability of premature death in the year that the 50% reduction began). If such different nations from such varying starting points could achieve this goal, it’s a feasible one. : Looking forward, based on the rich pipeline of candidates being developed today, suggests that about 450 new medicines, vaccines, and diagnostics for preventing and treating infectious diseases and maternal-health conditions will be launched before 2050. When countries adopt and widely disseminate such new health technologies, the decline in premature death . To give just one example: tuberculosis (TB) is the No. 1 infectious cause of premature death worldwide, but the vaccine we have against it is not widely used because it’s not very effective. However, there are three promising vaccine candidates that are now in late-stage clinical trials, and it seems likely that at least one will be approved. Having a highly effective TB vaccine would be a true game changer. So, if “50 by 50” is feasible and would be transformative, what do countries need to do to reach it? The path to halving premature death requires governments to take four critical steps. The first step is to focus on the biggest killers. Out of the many thousands of health conditions listed in the latest version of the —the “Bible” of health conditions—just 15 of these explain most of the difference in life expectancy between the regions where people live longest and those where they live the shortest lives. Eight are maternal conditions and infectious diseases, such as diarrhea, pneumonia, and TB. Seven are non-communicable diseases and injuries, including diabetes, cardiovascular diseases, road injuries, and suicide. The path to “50 by 50” runs through tackling these 15 priority conditions. The second step is for governments to finance the delivery of highly effective, high value-for-money prevention and treatment services that can reduce illness and death from these 15 conditions. Examples include expanding childhood immunizations and low-cost prevention and treatments for cardiovascular disease. Global immunization coverage last year, and low measles vaccine coverage in some parts of the world has led to measles outbreaks, and so action will be needed to close these immunization gaps. There is no “one size fits all” prescription for each country: the specific interventions that are required will have to be locally contextualized to each country’s health needs and situation. Scaling up delivery of prevention and treatment services will require substantial financial investments, which may be challenging for resource-constrained nations. Governments will need to prioritize health spending amidst competing demands and explore ways to raise revenue, such as improving their tax systems. : The third step is to make medicines more accessible and affordable to everyone. In many parts of the world, paying out-of-pocket costs for commonly prescribed medicines, such as for high blood pressure or diabetes, places a on individuals and households, and can even push people into poverty. The government should subsidize these costs. It should buy large volumes of critical medicines for the 15 priority conditions to ensure wide availability. The fourth step is for governments to increase taxation on tobacco products and unhealthy foods and drinks, while reducing the typically very large subsidies on fossil fuels. These policies would not only reduce illness and death attributable to those products but would also raise needed revenue for cash-strapped governments. While all these fiscal policies are win-win, by far the biggest priority is high taxes on tobacco. Smoking is one of the biggest causes of preventable mortality in many parts of the world, and can do more to reduce premature mortality than any other single policy outside of the health system. While the steps we outlined above are aimed mostly at national governments, there is also an important role for international health organizations and foreign aid donors in supporting countries in reaching “50 by 50.” Aid should be directed towards countries with the fewest resources to help strengthen their health systems to better control the 15 high priority conditions. And the international community should step up its investments in tackling the shared threats that cross national boundaries, like reducing the development and spread of , preparing for and responding to pandemics, and developing and disseminating new health technologies. Regional economic, political, and strategic disputes could limit much needed support and collaboration for achieving “50 by 50,” so continued advocacy and diplomacy will be required to maintain global momentum. It is easy to get despondent about the state of the world. But at least in one domain, there is good reason to double down on past success: “50 by 50” is a prize within reach. As we conclude in our report, “by focusing resources on a narrow set of conditions and scaling up financing to develop new health technologies, we believe that the global health landscape can be utterly transformed within our lifetimes.”Democrat Bob Casey concedes to Republican David McCormick in Pennsylvania Senate contest

Ruud van Nistelrooy enjoyed a dream start to his reign as Leicester manager after a 3-1 win over West Ham, whose boss Julen Lopetugui is under increasing pressure. Van Nistelrooy has replaced Steve Cooper at the King Power Stadium and saw Jamie Vardy open the scoring after just 98 seconds. Bilal El Khannouss and Patson Daka added goals after the break to ensure the Dutchman started with three points in style. Starting with a win! 🤩 Delivered by @bcgame #LEIWHU pic.twitter.com/X90nFSbMLm — Leicester City (@LCFC) December 3, 2024 His task is to keep the Foxes in the Premier League this season and after ending a five-game winless run they moved up to 15th, four points clear of the relegation zone. West Ham’s hierarchy will have seen what impact a managerial change can have as the jury remains out on Lopetegui, with away fans making their feelings clear by chanting “You’re getting sacked in the morning”. Niclas Fullkrug scored a consolation goal at the death but it counted for nothing and forthcoming games against Wolves, Bournemouth, Brighton and Southampton could determine the Spaniard’s future. When Van Nistelrooy went to bed last night, even he would not have dreamt of his side starting as well as they did as they went ahead with less than two minutes on the clock. One of the Dutchman’s first conversations following his appointment was to take Vardy to task for breaking his record for scoring in the most consecutive Premier League games nine years ago. And the veteran striker rolled back to the years as, living on the shoulder of the West Ham defence, he raced clear from El Khannouss’ through-ball and slotted into the corner. The linesman’s flag immediately went up but a lengthy VAR review ruled Vardy had timed his run perfectly and the goal stood. Vardy could have added a second from a similar move but this time Lukasz Fabianski denied him. The Dutchman quickly learned about the frailties of his side as West Ham created a raft of chances in search of an equaliser. Jarrod Bowen forced Mads Hermansen into a stretching save when he cut in from the right before Ings’ header crashed into the post and Max Kilman slipped at the crucial point from the rebound. Bowen, a constant threat, sent a ball across face of goal which evaded everyone before the England international was denied by a reflex save from the busy Hermansen. The Danish goalkeeper needed to be alert to tip over Mohammed Kudus’ deflected effort early in the second half before he was saved by the referee’s whistle after after his attempted punch went into his own goal, Tomas Soucek the man penalised. Leicester remained a threat on the counter-attack and that is how they doubled their lead just after the hour. Kasey McAteer was set clear down the left and his ball inside was perfect for El Khannouss to find the bottom corner from 15 yards. It was almost three as Fabianski produced an acrobatic save from Wilfred Ndidi’s header before Leicester needed a heroic piece of defending to keep their 2-0 lead intact. Crysencio Summerville bundled the ball goalwards and it was heading over the line until Conor Coady adjusted his feet and poked it clear. The Foxes, who also had a goal from substitute Bobby De Cordova-Reid chalked off by VAR, wrapped things up in the 90th minute when Daka broke clear and emphatically converted into the roof of the net. West Ham did get on the scoresheet when Fullkrug headed a corner home, but the game was already done.

Ruben Amorim warned “the storm will come” eventually as Manchester United’s head coach tried to temper expectations ahead of the trip to Arsenal. The 39-year-old has been a breath of fresh air since succeeding Erik ten Hag, with his personality and approach, coupled with promising early performances, bringing hope back to Old Trafford. Amorim has been touched by his warm welcome but repeatedly urged fans to avoid jumping the gun, having followed a draw at Ipswich with home wins against Bodo/Glimt and Everton. Wednesday’s trip to Arsenal is comfortably his biggest challenge yet and victory would see United move within three points of the Premier League title contenders. Put to Amorim it will be hard to manage expectations if they won in the capital, the head coach said: “I would like to say different things, but I have to say it again: the storm will come. “I don’t know if you use that expression, but we are going to have difficult moments and we will be found out in some games. “And I know that because I’m knowing my players and I know football and I follow football, so I understand the difference between the teams. “We are in the point in that we are putting simple things in the team, without training, and you feel it in this game against Everton, they change a little bit the way they were building up. “They are very good team, and we were with a lot of problems because we cannot change it by calling one thing to the captain. A midweek trip to the capital awaits 🚆 #MUFC || #PL pic.twitter.com/1e6VrILJW3 — Manchester United (@ManUtd) December 3, 2024 “So, we don’t have this training, so let’s focus on each game, on the performance, what we have to improve, trying to win games. And that is the focus. “I know it’s really hard to be a Manchester United coach and say these things in press conferences. We want to win all the time. No matter what. “We are going to try to win, but we know that we are in a different point if you compare to Arsenal. “So, it is what it is and we will try to win it and we go with confidence to win, but we know that we need to play very well to win the next football match.” The trip to Arsenal is the second of nine December matches for United, who are looking to avoid suffering four straight league defeats to the Gunners for the first time. The Red Devils have not won a Premier League match at the Emirates Stadium since 2017, but Amorim knows a thing or two about frustrating Mikel Arteta’s men. Arsenal thrashed Sporting Lisbon 5-1 in the Champions League last week, but in 2022-23 he led the Portuguese side to a Europa League last-16 penalty triumph after a 1-1 draw in London made it 3-3 on aggregate. “Arsenal this year, they play a little bit different,” Amorim said. “They are more fluid. “For example, two years ago when we faced them with Sporting, you knew how to press because you can understand better the structure. “Now it’s more fluid with (Riccardo) Calafiori and (Jurrien) Timber in different sides. One coming inside, the other going outside. Also (Martin) Odegaard changed the team, and you can feel it during this season. “So, you can take something from that game, especially because I know so well the opponent so you can understand the weakness of that team. “But every game is different, so you take something, but you already know that you are going to face a very good team.” This hectic winter schedule means Amorim sidestepped talk of January transfer business ahead of facing Arsenal, although he was more forthcoming on Amad Diallo’s future. The 22-year-old, who put in a man of the match display in Sunday’s 4-0 win against Everton, is out of contract at the end of the season, although the club holds an option to extend by a year. Diallo has repeatedly spoken of his desire to stay at United and it has been reported an agreement is close. Amorim said: “I think he wants to stay, and we want him to stay. So that is clear and we will find a solution.”

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