AmpliTech Group, Inc. ( NASDAQ:AMPG – Get Free Report ) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,290,000 shares, a growth of 1,901.7% from the November 30th total of 114,400 shares. Based on an average trading volume of 6,060,000 shares, the short-interest ratio is presently 0.4 days. Approximately 19.4% of the shares of the company are short sold. Wall Street Analysts Forecast Growth Separately, Maxim Group reduced their price objective on shares of AmpliTech Group from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, September 16th. View Our Latest Report on AmpliTech Group AmpliTech Group Trading Up 11.5 % Institutional Trading of AmpliTech Group An institutional investor recently raised its position in AmpliTech Group stock. Bard Associates Inc. raised its holdings in shares of AmpliTech Group, Inc. ( NASDAQ:AMPG – Free Report ) by 374.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,989,414 shares of the company’s stock after purchasing an additional 1,569,794 shares during the period. Bard Associates Inc. owned 17.94% of AmpliTech Group worth $1,552,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.99% of the company’s stock. About AmpliTech Group ( Get Free Report ) AmpliTech Group, Inc designs, engineers, and assembles micro-wave component-based amplifiers. The company’s products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains. Featured Articles Receive News & Ratings for AmpliTech Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmpliTech Group and related companies with MarketBeat.com's FREE daily email newsletter .
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Indiana coach Mike Woodson is happy that his team has won three straight games but concerned that it's committing too many turnovers. Limiting miscues is at the top of his wish list for Monday night's Big Ten Conference opener against visiting Minnesota in Bloomington, Ind. While the Hoosiers (7-2) shot 53.8 percent and dominated Miami (Ohio) 46-29 on the glass during a 76-57 win at home Friday night, they also had more turnovers (16) than assists (15). Having played for Bob Knight at Indiana, Woodson is fanatical about his team executing its offense without making mistakes. "We were taking chances on passes that weren't there," Woodson said. "We have to fix it. If we start Big Ten play like that, it puts you in a hole." In between careless mistakes, the Hoosiers got a huge game out of Oumar Ballo, the Arizona transfer who had 14 points, 18 rebounds and six assists. It was his 35th career double-double but his first at Indiana. Ballo (12.7 points per game, 9.3 rebounds) is one of four players averaging double figures for the Hoosiers. They're led by Malik Reneau, who's hitting for 15.4 ppg on 58.9 percent shooting. While Indiana tries to fine-tune its game, the Golden Gophers (6-4, 0-1 Big Ten) aim to get to the .500 mark in conference play after absorbing a 90-72 beating Wednesday night against visiting Michigan State. There was good news for Minnesota in that game. Mike Mitchell Jr. returned to the lineup after missing seven games with a high ankle sprain and drilled 5 of 9 3-pointers in a 17-point performance. Mitchell's shooting should aid an attack that ranks 311th in Division I in 3-point percentage at 29.7 percent as of Sunday. "He's a difference-maker in terms of being able to space the floor," Gophers coach Ben Johnson said of Mitchell. "He provides offensive firepower and a guy who can make shots and take pressure off our offense." Dawson Garcia leads the team at 19 ppg, while Lu'Cye Patterson and Mitchell are scoring 10 ppg. The Hoosiers own a 109-69 lead in the all-time series. --Field Level MediaAirports and highways are expected to be jam-packed during Thanksgiving week, a holiday period likely to end with another record day for air travel in the United States. AAA predicts that nearly 80 million Americans will venture at least 50 miles from home between Tuesday and next Monday, most of them by car. However, travelers could be impacted by ongoing weather challenges and those flying to their destinations could be grounded by delays brought on by airline staffing shortages and an airport service workers strike . Here's the latest: U.S. airlines are preparing for a Thanksgiving holiday rush, and so are the U.S. Postal Service, United Parcel Service and FedEx. Shipping companies will deliver about 2.2 billion packages to homes and businesses across the U.S. from Thanksgiving to Dec. 31, said Satish Jindel, a shipping and logistics expert and president of ShipMatrix. That’s down from 2.3 billion packages last year. Because the shopping period is a week shorter than in 2023, consumers are shopping further ahead of Black Friday and more purchases are taking place in physical stores, he said. The number of holiday package shipments grew 27% in 2020 and by more than 3% the following year during the pandemic. The numbers have been falling since then, with a projected decline of about 6% this holiday season. Looking to de-stress while waiting for your flight? Many airports have a fleet of therapy dogs — designated fidos and puppers that are eager to receive pets and snuggles from weary travelers. Rules and schedules vary from airport to airport, but the group AirportTherapyDogs uses online crowdsourcing to share the locations of therapy dogs across its various social media accounts. Today, Gracie, a toy Australian shepherd, and Budge, an English bulldog, wandered the concourses at Denver International Airport, and an American Staffordshire Terrier named Hugo greeted travelers at Punta Gorda Airport in Florida. Some airports even feature other therapy pals. San Francisco International Airport’s fleet of animals includes a Flemish Giant rabbit and a hypoallergenic pig. “We cannot live on the wages that we are being paid,” ABM cabin cleaner Priscilla Hoyle said at a rally earlier Monday. “I can honestly say it’s hard every single day with my children, working a full-time job but having to look my kids in the eyes and sit there and say, ‘I don’t know if we’re going to have a home today.’” Timothy Lowe II, a wheelchair attendant, said he has to figure out where to spend the night because he doesn’t make enough for a deposit on a home. “We just want to be able to have everything that’s a necessity paid for by the job that hired us to do a great job so they can make billions,” he said. ABM said it is “committed to addressing concerns swiftly” and that there are avenues for employees to communicate issues, including a national hotline and a “general open door policy for managers at our worksite.” Employees of ABM and Prospect Airport Services cast ballots Friday to authorize the work stoppage at Charlotte Douglas International Airport, a hub for American Airlines. They described living paycheck to paycheck while performing jobs that keep planes running on schedule. Most of them earn $12.50 to $19 an hour, union officials said. Rev. Glencie Rhedrick of Charlotte Clergy Coalition for Justice said those workers should make $22 to $25 an hour. The strike is expected to last 24 hours. Several hundred workers participated in the work stoppage. Forty-four fights have been canceled today and nearly 1,900 were delayed by midday on the East Coast, according to FlightAware . According to the organization’s cheekily named MiseryMap , San Francisco International Airport is having the most hiccups right now, with 53 delays and three cancellations between 11 a.m. and 3 p.m. EST. While that might sound like a lot of delays, they might not be so bad compared to last Friday when the airport suffered 671 delays and 69 cancellations. In an apparent effort to reduce the headaches caused by airport line cutting, American Airlines has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won’t accept a boarding pass before the group it’s assigned to is called, so customers who get to the gate prematurely will be asked to go back and wait their turn. As of Wednesday, the airline announced, the technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations — Albuquerque International Sunport, Ronald Reagan Washington National Airport and Tucson International Airport. ▶ Read more about American Airlines’ new boarding technology Travel can be stressful in the best of times. Now add in the high-level anxiety that seems to be baked into every holiday season and it’s clear travelers could use some help calming frazzled nerves. Here are a few ways to make your holiday journey a little less stressful: 1. Make a checklist of what you need to do and what you need to bring 2. Carry your comfort with you — think noise-canceling headphones, cozy clothes, snacks and extra medication 3. Stay hydrated 4. Keep up to date on delays, gate changes and cancellations with your airline’s app ▶ Read more tips about staying grounded during holiday travel Thanksgiving Day takes place late this year, with the fourth Thursday of November falling on Nov. 28. That shortens the traditional shopping season and changes the rhythm of holiday travel. With more time before the holiday , people tend to spread out their outbound travel over more days, but everyone returns at the same time, said Andrew Watterson, the chief operating officer of Southwest Airlines . “A late Thanksgiving leads to a big crush at the end,” Watterson said. “The Saturday, Sunday, Monday and Tuesday after Thanksgiving are usually very busy with Thanksgiving this late.” Airlines did a relatively good job of handling holiday crowds last year, when the weather was mild in most of the country. Fewer than 400 U.S. flights were canceled during Thanksgiving week in 2023 — about one out of every 450 flights. So far in 2024, airlines have canceled about 1.3% of all flights. Drivers should know that Tuesday and Wednesday afternoons will be the worst times to travel by car, but it should be smooth sailing on freeways come Thanksgiving Day, according to transportation analytics company INRIX. On the return home, the best travel times for motorists are before 1 p.m. on Sunday, and before 8 a.m. or after 7 p.m. on Monday, the company said. In metropolitan areas like Boston, Los Angeles, New York, Seattle and Washington, “traffic is expected to be more than double what it typically is on a normal day,” INRIX transportation analyst Bob Pishue said. Federal Aviation Administration Administrator Mike Whitaker said last week that he expects his agency to use special measures at some facilities to deal with an ongoing shortage of air traffic controllers. In the past, those facilities have included airports in New York City and Florida. “If we are short on staff, we will slow traffic as needed to keep the system safe,” Whitaker said. The FAA has long struggled with a shortage of controllers that airline officials expect will last for years, despite the agency’s lofty hiring goals. 5. Auto club and insurance company AAA predicts that nearly 80 million Americans will venture at least 50 miles from home between Tuesday and next Monday. Most of them will travel by car. 6. Drivers should get a slight break on gas prices . The nationwide average price for gasoline was $3.06 a gallon on Sunday, down from $3.27 at this time last year. 7. The Transportation Security Administration expects to screen 18.3 million people at U.S. airports during the same seven-day stretch. That would be 6% more than during the corresponding days last year but fit a pattern set throughout 2024. 8. The TSA predicts that 3 million people will pass through airport security checkpoints on Sunday; more than that could break the record of 3.01 million set on the Sunday after the July Fourth holiday. Tuesday and Wednesday are expected to be the next busiest air travel days of Thanksgiving week. ▶ Read more about Thanksgiving travel across the U.S. Workers who clean airplanes, remove trash and help with wheelchairs at Charlotte’s airport, one of the nation’s busiest, went on strike Monday to demand higher wages. The Service Employees International Union announced the strike in a statement early Monday, saying the workers would demand “an end to poverty wages and respect on the job during the holiday travel season.” The strike was expected to last 24 hours, said union spokesperson Sean Keady. Employees of ABM and Prospect Airport Services cast ballots Friday to authorize the work stoppage at Charlotte Douglas International Airport, a hub for American Airlines. The two companies contract with American, one of the world’s biggest carriers, to provide services such as cleaning airplane interiors, removing trash and escorting passengers in wheelchairs. ▶ Read more about the Charlotte airport workers’ strike Parts of the Midwest and East Coast can expect to see heavy rain into Thanksgiving, and there’s potential for snow in Northeastern states. A storm last week brought rain to New York and New Jersey, where wildfires have raged in recent weeks, and heavy snow to northeastern Pennsylvania. The precipitation was expected to help ease drought conditions after an exceptionally dry fall. Heavy snow fell in northeastern Pennsylvania, including the Pocono Mountains. Higher elevations reported up to 17 inches (43 centimeters), with lesser accumulations in valley cities including Scranton and Wilkes-Barre. Around 35,000 customers in 10 counties were still without power, down from 80,000 a day ago. In the Catskills region of New York, nearly 10,000 people remained without power Sunday morning, two days after a storm dumped heavy snow on parts of the region. Precipitation in West Virginia helped put a dent in the state’s worst drought in at least two decades and boosted ski resorts as they prepare to open in the weeks ahead. ▶ Read more about Thanksgiving week weather forecasts Two people died in the Pacific Northwest after a rapidly intensifying “ bomb cyclone ” hit the West Coast last Tuesday, bringing fierce winds that toppled trees and power lines and damaged homes and cars. Hundreds of thousands lost electricity in Washington state before powerful gusts and record rains moved into Northern California. Forecasters said the risk of flooding and mudslides remained as the region will get more rain starting Sunday. But the latest storm won’t be as intense as last week’s atmospheric river , a long plume of moisture that forms over an ocean and flows over land. “However, there’s still threats, smaller threats, and not as significant in terms of magnitude, that are still going to exist across the West Coast for the next two or three days,” weather service forecaster Rich Otto said. As the rain moves east throughout the week, Otto said, there’s a potential for heavy snowfall at higher elevations of the Sierra Nevada, as well as portions of Utah and Colorado. California’s Mammoth Mountain, which received 2 feet (0.6 meters) of fresh snow in the recent storm, could get another 4 feet (1.2 meters) before the newest system clears out Wednesday, the resort said. Another round of wintry weather could complicate travel leading up to the Thanksgiving holiday, according to forecasts across the U.S., while California and Washington state continue to recover from storm damage and power outages. In California, where two people were found dead in floodwaters on Saturday, authorities braced for more rain while grappling with flooding and small landslides from a previous storm . Here’s a look at some of the regional forecasts: 9. Sierra Nevada: The National Weather Service office issued a winter storm warning through Tuesday, with heavy snow expected at higher elevations and wind gusts potentially reaching 55 mph (88 kph). Total snowfall of roughly 4 feet (1.2 meters) was forecast, with the heaviest accumulations expected Monday and Tuesday. 10. Midwest and Great Lakes: The Midwest and Great Lakes regions will see rain and snow Monday and the East Coast will be the most impacted on Thanksgiving and Black Friday, forecasters said. 11. East Coast: A low pressure system is forecast to bring rain to the Southeast early Thursday before heading to the Northeast. Areas from Boston to New York could see rain and breezy conditions, with snowfall possible in parts of northern New Hampshire, northern Maine and the Adirondacks. If the system tracks further inland, there could be less snow and more rain in the mountains, forecasters said. ▶ Read more about Thanksgiving week weather forecasts
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DETROIT (AP) — Two towers at Detroit’s iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced Monday. The complex, which next year will lose the headquarters of owner General Motors Co., is the symbol of Detroit, with aerial views often shown on television sports broadcasts. GM decided last spring to leave what’s locally known as the “RenCen” for a more modern building being constructed downtown. GM said in April it would join forces with the Bedrock real estate development firm and Wayne County to turn the partially vacant property into a roughly 27-acre entertainment complex across the Detroit River from Windsor, Ontario. Under the plans, Bedrock would invest at least $1 billion in the property, with roughly $250 million more coming from GM and another $250 million in yet-to-be-allocated public money, possibly from the state of Michigan. The plan, called conceptual by Bedrock, would preserve most of the skyline and reduce the center’s office footprint. Demolishing the two 39-story towers would free land for the waterfront project that would complement a walkway along the river, Bedrock said in a press release. A pedestrian promenade would link the heart of downtown to the riverfront, Bedrock said. RELATED COVERAGE Stock market today: Asian shares mostly fall on worries about Trump’s tariffs Walmart becomes latest - and biggest - company to roll back its DEI policies Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office The 73-story main tower would remain, with high-end housing on the upper floors, according to Crain’s Detroit Business, which first reported the plans. GM CEO Mary Barra said last April that the move to a brand new state-of-the-art office building in the heart of the city will help GM recruit talent in the future. The new site, being built by Bedrock, is about a mile (1.6 kilometers) north of the Renaissance Center. The move also keeps GM’s headquarters in the city for the foreseeable future, she said.Tax-obsessed Labour won't like it... but my radical plan to stop the poor paying any tax AT ALL would benefit every one of us, by LORD SAATCHI By LORD SAATCHI FOR THE MAIL ON SUNDAY Published: 11:43 EST, 28 December 2024 | Updated: 11:43 EST, 28 December 2024 e-mail View comments Labour isn’t working. Those are the words used back in 1979 when – in the grip of a failing government and soaring unemployment – we masterminded an advertising campaign to propel the Tories back to power. It was the slogan my firm, Saatchi & Saatchi, chose – plastered on the now-iconic poster of hundreds waiting in the dole queue. Clearly it worked, propelling Margaret Thatcher into No 10 for the next decade. But, 45 years on, how depressingly relevant that poster remains. Today, 4.5 million adults aged 18 to 65 are not in employment, education or training. They cost the country billions in benefit payments every year. Labour’s undeclared dream is for the majority of people’s income to be taken in tax And the worst part? Labour prefers it that way. Sir Keir Starmer and his Cabinet believe that tethering people to State handouts will keep their government in power for longer. It is a cold political calculation – with terrible social and economic costs. Don’t suppose for a minute that the ‘economically inactive’ population consists merely of stupid or lazy people. On the contrary, any professor at the London School of Economics will tell you that very many have made a rational, financially sound decision not to work. They know there is no incentive to get out of bed in the morning because, after paying income tax and losing benefits, they would be worse off than staying on the dole. Working for a low salary that is taxed is pointless. My decades in business taught me that incentives are imperative – for customers, for the workforce and for employers. We all need sound reasons, including financial ones, to get out of bed. But in Britain today, there are countless compelling incentives to remain workless. Chief of these is income tax, which is payable above a salary level of £12,570. Any income above this threshold is subject to taxation, initially at 20 per cent. Yet the official ‘poverty line’ is below half of average earnings: £17,000 or less. It is utterly unjust – not to mention economically insane – that some of the poorest people, who earn £12,570 to £17,000, are forced to pay income tax. Even more perversely, in the vast majority of cases, they are then ‘reimbursed’ with benefits. Read More BRYONY: Starmer's lunacy has tipped me over the edge. He's a clown in donated designer clothes This situation has grown steadily worse. This year alone, the Government has pilfered £6 billion from the poorest by not raising the starting threshold for income tax in line with inflation. This trick is known as fiscal drag and it is doing a cruel job. The scandal is worsened by the fresh injustice of Chancellor Rachel Reeves’s increased National Insurance levies on employers – another anti-work tax. How can these injustices be corrected? One obvious answer is for the lowest earners to keep more of their money before they start paying tax. That would immediately make it more worthwhile to work for a living. Among the 2.6 million benefit claimants who do work, a high proportion earn less than £17,000. Clearly, they’d be no worse off if their benefits were reduced, provided, of course, their income tax was cut by the same amount. In other words, the cost to the Treasury of raising the income tax threshold to £17,000 (estimated at £4 billion to £6 billion) would be cancelled out by the saving in benefits. Government spending would decrease and millions of people now caught in the bewildering complexity of the welfare system would be freed. Consider the ludicrously complicated mass of benefits, exemptions, credits and so on – which the citizen has to navigate. Some benefits, such as Universal Credit, are means-tested; others are not. Iniquitously, estimates suggest thousands of households are paying a marginal tax rate of up to 95 per cent on parts of their income – a figure approaching the 98 per cent levy on unearned income that was in place when Mrs Thatcher became PM. The solution to this shambolic mess must be radical reform. Raising the tax-free threshold would not only cut administrative costs but also reduce pressure on the NHS. After all, benefits claimants are more likely to suffer from health problems stemming from being isolated at home. The fact is that a rapidly expanding workforce would drive the economic growth that Labour has promised – and which the country desperately needs. Lord Saatchi says it’s time for a radical new approach and greater independence for all And, perhaps most notably, there would be a dramatic fall in immigration. Such reforms would mean less need for immigrants to take the jobs that those who already live here have little incentive to fill. All this can happen only if Britain returns to traditional Conservative values: hard work, enterprise, fair pay and meritocracy. Those ought to be Labour values, too. But the Starmer government won power on the back of a cold calculation: the State buys popularity through benefit payments of one kind or another. Worse, Labour’s undeclared dream is for the majority of people’s income to be taken in tax. Eventually, that could get to the point where almost everyone is obliged to call on the State for assistance. This is little more than economic enslavement – in which the Government makes itself master by using the tax benefit system as a whip. The result, of course, isn’t economic growth, despite all the promises Reeves has made to business leaders. Instead, there is demoralisation. All surveys confirm that Britain has felt ‘worse off’ since Labour came to power – and very few people expect things to get any better in the next five years. But how can the national picture improve – when millions feel working will make them even poorer? A report by former Labour Health Secretary Alan Milburn found that in the Yorkshire town of Barnsley, 70 per cent of people claiming sickness benefits said they wanted to work – but only ten per cent were actively in contact with employment services. How frustrating for them, and expensive for the rest of us. This madness suits nobody except self-serving Labour politicians. There are three million people of working age claiming sickness benefits, up by one million in just five years. A Channel 4 Dispatches documentary this month, Britain’s Benefits Scandal, spoke to people in Hull trapped on welfare benefits. A man called Michael said he’d applied to train as a plasterer but had to withdraw when told that, as soon as he began his apprenticeship, his benefits would stop. He wants to earn a living in a much-needed profession – but how is he supposed to eat or pay the rent while he learns? Gavin, a taxi-driver, contacted the Department for Work and Pensions to say he no longer needed sickness benefits. He was told to wait for reassessment. Three years later, he is still waiting... with the money still pouring in. This chaos cannot go on. The tax system should be a social glue – a means of binding the country together while enabling people to live better lives. But now it is little more than a political weapon. It’s time for a radical new approach and greater independence for all. The power of taxation can be used to the benefit of everyone – before that dole queue starts forming again to remind Sir Keir Starmer that he is not working. • Lord (Maurice) Saatchi was chairman of the Conservative party from 2003 to 2005. Labour Keir Starmer Margaret Thatcher Share or comment on this article: Tax-obsessed Labour won't like it... but my radical plan to stop the poor paying any tax AT ALL would benefit every one of us, by LORD SAATCHI e-mail Add comment More top storiesShares of ZEEKR Intelligent Technology Holding Limited ( NYSE:ZK – Get Free Report ) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.25 and last traded at $31.84, with a volume of 480026 shares changing hands. The stock had previously closed at $29.73. Wall Street Analyst Weigh In ZK has been the topic of several analyst reports. Macquarie began coverage on ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 target price on the stock. CICC Research assumed coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $32.02. Get Our Latest Research Report on ZEEKR Intelligent Technology ZEEKR Intelligent Technology Trading Down 9.6 % Institutional Trading of ZEEKR Intelligent Technology A number of hedge funds have recently bought and sold shares of ZK. Sandia Investment Management LP bought a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at about $94,000. Barclays PLC boosted its holdings in shares of ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after buying an additional 2,097 shares during the last quarter. Green Alpha Advisors LLC bought a new stake in ZEEKR Intelligent Technology during the third quarter valued at approximately $219,000. Marshall Wace LLP bought a new stake in ZEEKR Intelligent Technology during the second quarter valued at approximately $347,000. Finally, WT Asset Management Ltd purchased a new stake in ZEEKR Intelligent Technology during the third quarter valued at approximately $446,000. ZEEKR Intelligent Technology Company Profile ( Get Free Report ) ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services. Further Reading Receive News & Ratings for ZEEKR Intelligent Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZEEKR Intelligent Technology and related companies with MarketBeat.com's FREE daily email newsletter .
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