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SEOUL, Dec 27 (Reuters) - South Korea's acting president faces an impeachment vote as the Constitutional Court meets for its first hearing on Friday in the case of President Yoon Suk Yeol, who was impeached and suspended from duties after a short-lived martial law. The effort to impeach Prime Minister Han Duck-soo, who has been acting president since Yoon was impeached on Dec. 14, threatens to intensify the political crisis gripping Asia's fourth-largest economy and one of its most vibrant democracies. The unexpected martial law decree and swift political fallout shocked the nation and economic markets, unsettling key allies the United States and Europe which had seen Yoon as a staunch partner in global efforts to counter China, Russia, and North Korea. The plan for a vote to impeach Han was unveiled on Thursday by the main opposition Democratic Party after he declined to immediately appoint three justices to fill vacancies at the Constitutional Court , saying it would exceed his acting role. After Yoon's impeachment, the DP had said in the interest of national stability it would not pursue impeaching Han over his role in the martial law bid. But the party has since clashed with the Yoon-appointed prime minister over the justices, as well as bills calling for special prosecutors to investigate the president. On Thursday Han said it was beyond his remit as a caretaker president to appoint the justices without bipartisan agreement. A party spokesman said Han's refusal amounted to an abuse of power aimed at obstructing Yoon's trial, adding that the prime minister was himself "a key suspect in the rebellion". The leader of Yoon's People Power Party, Kwon Young-se, told reporters that if Han was impeached, that could trigger a new financial crisis, the Yonhap news agency said. Yoon cited a high number of impeachment votes and other obstructionist moves by the DP as part of his justification for trying to impose martial law. He also later said it was needed to investigate questions over election security. The vote to determine Han's fate comes as the Constitutional Court is set to hold its first hearing in a case that will decide whether Yoon is reinstated or permanently removed from office. The court has 180 days to decide whether to reinstate Yoon or remove him. In the latter scenario, a new presidential election would be held within 60 days. Yoon is not required to attend the hearing, and it is unclear if anyone from his legal team will be there. In contrast to South Korea's two previous impeached presidents, Yoon has refused to receive or acknowledge court communications so far. On Thursday a court spokesperson said the hearing would be held regardless of his team's participation, but she did not comment on whether the president would eventually be compelled to respond. If Han is impeached, the finance minister will assume the acting presidency. The Democratic Party has majority control of parliament, but there is disagreement between the parties and some constitutional scholars over whether a simple majority or a two-thirds vote is needed to impeach the acting president. On Thursday the South Korean won weakened to its lowest since March 2009 in holiday-thinned trading amid the U.S. dollar's continued rally. Analysts said there was little to reverse the negative sentiment stemming from political uncertainty this week, while the strong dollar has not worked in favour of South Korean stocks. Yoon shocked his country and the world with a late-night announcement on Dec. 3 that he was imposing martial law to overcome political deadlock and root out "anti-state forces". The military deployed special forces to the national assembly, the election commission, and the office of a liberal YouTube commentator. It also issued orders banning activity by parliament and political parties, as well as calling for government control of the military. But within hours 190 lawmakers had defied the cordons of troops and police and voted against Yoon's order. About six hours after his initial decree, the president rescinded the order. Yoon survived a first impeachment vote on Dec. 7 after his party boycotted the motion, but divisions within his conservative camp deepened after he gave a defiant speech defending martial law, questioning the validity of elections, and claiming domestic opponents were aligned with North Korea. At least 12 of his party joined the opposition to support impeachment on Dec. 14, and he was suspended from duties. Yoon and senior members of his administration also face criminal investigations for insurrection over their decision to impose martial law. Sign up here. Writing by Josh Smith; Editing by Clarence Fernandez Our Standards: The Thomson Reuters Trust Principles. , opens new tab
The decision by special counsel Jack Smith, who had fiercely sought to hold Mr Trump criminally accountable for his efforts to subvert the 2020 election, represented the end of the federal effort against the former president following his election victory this month despite the election-related cases and multiple other unrelated criminal charges against him. The move, announced in court papers, marks the end of the Justice Department’s landmark effort to hold Mr Trump accountable for what prosecutors called a criminal conspiracy to cling to power in the run-up to his supporters’ attack on the US Capitol on January 6 2021. In court papers, prosecutors said the Justice Department’s position “is that the Constitution requires that this case be dismissed before the defendant is inaugurated”. Mr Smith’s team emphasised that the move to abandon the prosecutions, in federal courts in Washington and Florida, was not a reflection of their view on the merits of the cases but rather a reflection of their commitment to longstanding department policy. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” the prosecutors wrote in Monday’s court filing in the election interference case. The decision was expected after Mr Smith’s team began assessing how to wind down both the 2020 election interference case and the separate classified documents case in the wake of Mr Trump’s victory over Vice President Kamala Harris. The Justice Department believes Trump can no longer be tried in accordance with longstanding policy that says sitting presidents cannot be prosecuted. Mr Trump has cast both cases as politically motivated and has vowed to fire Mr Smith as soon as he takes office in January. The 2020 election case brought last year was once seen as one of the most serious legal threats facing the Republican as he vied to reclaim the White House. However, it quickly stalled amid legal fighting over Mr Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The US Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to US District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Mr Smith’s team filed a lengthy brief in October laying out new evidence they planned to use against him at trial, accusing him of “resorting to crimes” in an increasingly desperate effort to overturn the will over voters after he lost to President Joe Biden.LAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. “Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.” Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. “The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team,” Michael Andretti posted on social media. “I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!” The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA . The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1."
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128th Common Stock Monthly Dividend Increase Declared by Realty Income Realty Income Corporation - The Monthly Dividend Company. (PRNewsFoto/Realty Income Corporation) (PRNewsfoto/Realty Income Corporation) 128th Common Stock Monthly Dividend Increase Declared by Realty Income Realty Income Corporation - The Monthly Dividend Company. (PRNewsFoto/Realty Income Corporation) (PRNewsfoto/Realty Income Corporation) SAN DIEGO , Dec. 10, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2640 per share from $0.2635 per share. The dividend is payable on January 15, 2025 , to stockholders of record as of January 2, 2025 . This is the 128 th dividend increase since Realty Income's listing on the NYSE in 1994. The new monthly dividend represents an annualized dividend amount of $3.168 per share as compared to the prior annualized dividend amount of $3.162 per share. "Throughout our 55-year history, Realty Income has declared 654 consecutive monthly dividends," said Sumit Roy , Realty Income's President and Chief Executive Officer. "Today's declaration represents the 109 th consecutive quarter that we have declared a dividend increase since our 1994 NYSE listing, demonstrating our commitment to providing stockholders a dependable monthly dividend that increases over time." About Realty Income Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,450 properties in all 50 U.S. states, the U.K., and six other countries in Europe . We are known as "The Monthly Dividend Company ® ," and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 654 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats ® index for having increased our dividend for the last 30 consecutive years. Additional information about the company can be found at www.realtyincome.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "estimated," "anticipated," "expect," "believe," "intend," "continue," "should," "may," "likely," "plans," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of our business and portfolio; cash flows; the intentions of management; and dividends, including the amount, timing and payment of dividends related thereto. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in domestic and foreign income tax laws and rates; property ownership through joint ventures, partnerships and other arrangements which may limit control of the underlying investments; epidemics or pandemics, including measures taken to limit their spread, the impacts on us, our business, our clients, and the economy generally; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers and acquisitions including from the merger with Spirit Realty Capital, Inc.; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release and forecasts made in the forward-looking statements discussed in this press release might not materialize. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events or circumstances after the date these statements were made. View original content to download multimedia: https://www.prnewswire.com/news-releases/128th-common-stock-monthly-dividend-increase-declared-by-realty-income-302328137.html SOURCE Realty Income Corporation27 K-Beauty Products That’ll Instantly Elevate Your Daily Routine
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Special counsel moves to dismiss election interference and classified documents cases against Trump
WASHINGTON (AP) — A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official said Friday. Biden administration officials said this month that at least eight telecommunications companies , as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But deputy national security adviser Anne Neuberger told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China's hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of what officials have said is a a limited number of individuals. Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are among those whose whose communications were accessed. Neuberger said Friday that officials did not yet have a precise sense how many Americans overall were affected by Salt Typhoon, in part because the Chinese were careful about their techniques, but that a “large number" were in the Washington-Virginia area. Officials believe the goal of the hackers was to identify who owned the phones and, if they were “government targets of interest,” spy on their texts and phone calls, she said. The FBI said most of the people targeted by the hackers are "primarily involved in government or political activity.” Neuberger said the episode highlighted the need for required cybersecurity practices in the telecommunications industry, something the Federal Communications Commission is to take up at a meeting next month. In addition, she said, the government was planning additional actions in coming weeks in response to the hacking campaign, though she did not say what they were. “We know that voluntary cyber security practices are inadequate to protect against China, Russia and Iran hacking of our critical infrastructure,” she said. The Chinese government has denied responsibility for the hacking.
NEW YORK (AP) — U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation. The S&P 500 slipped 0.3% Tuesday and marked its first back-to-back losses in three weeks. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite also fell 0.3%. Oracle dragged on the market after reporting weaker growth than analysts expected. Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the Federal Reserve’s meeting on interest rates next week. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are drifting lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped by 0.2% in late trading, a day after pulling back from its latest all-time high . The index is on track for its first back-to-back losses in more than three weeks, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average was down by 7 points, or less than 0.1%, with roughly an hour remaining in trading, and the Nasdaq composite fell 0.3%. Tech titan Oracle dragged on the market and sank 7.8% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped nearly 81% for the year coming into Tuesday, which raised the bar of expectations for its profit report. C3.ai fell 2.1% despite reporting a smaller loss for the latest quarter than analysts expected. The AI software company increased its forecast for how big a loss it expects to take this fiscal year from its operations. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show roughly similar increases as the month before. That and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to lift the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 5.2% even though it beat analysts’ expectations for profit and revenue in the latest quarter. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January Elsewhere on Wall Street, Alaska Air Group soared 13.6% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 5.2% after saying it's resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.7% after the ski resort operator reported a narrower first-quarter loss than expected in what is traditionally its worst quarter. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated PressNone
Sinn Féin Councillor Caroline Dwane Stanley resigns from the partySANTA CLARA, Calif. , Dec. 10, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that it has pioneered a new custom HBM compute architecture that enables XPUs to achieve greater compute and memory density. The new technology is available to all of its custom silicon customers to improve the performance, efficiency and TCO of their custom XPUs. Marvell is collaborating with its cloud customers and leading HBM manufacturers, Micron, Samsung Electronics, and SK hynix to define and develop custom HBM solutions for next-generation XPUs. HBM is a critical component integrated within the XPU using advanced 2.5D packaging technology and high-speed industry-standard interfaces. However, the scaling of XPUs is limited by the current standard interface-based architecture. The new Marvell custom HBM compute architecture introduces tailored interfaces to optimize performance, power, die size, and cost for specific XPU designs. This approach considers the compute silicon, HBM stacks, and packaging. By customizing the HBM memory subsystem, including the stack itself, Marvell is advancing customization in cloud data center infrastructure. Marvell is collaborating with major HBM makers to implement this new architecture and meet cloud data center operators' needs. The Marvell custom HBM compute architecture enhances XPUs by serializing and speeding up the I/O interfaces between its internal AI compute accelerator silicon dies and the HBM base dies. This results in greater performance and up to 70% lower interface power compared to standard HBM interfaces. The optimized interfaces also reduce the required silicon real estate in each die, allowing HBM support logic to be integrated onto the base die. These real-estate savings, up to 25%, can be used to enhance compute capabilities, add new features, and support up to 33% more HBM stacks, increasing memory capacity per XPU. These improvements boost XPU performance and power efficiency while lowering TCO for cloud operators. "The leading cloud data center operators have scaled with custom infrastructure. Enhancing XPUs by tailoring HBM for specific performance, power, and total cost of ownership is the latest step in a new paradigm in the way AI accelerators are designed and delivered," said Will Chu, Senior Vice President and General Manager of the Custom, Compute and Storage Group at Marvell. "We're very grateful to work with leading memory designers to accelerate this revolution and, help cloud data center operators continue to scale their XPUs and infrastructure for the AI era." "Increased memory capacity and bandwidth will help cloud operators efficiently scale their infrastructure for the AI era," said Raj Narasimhan, senior vice president and general manager of Micron's Compute and Networking Business Unit. "Strategic collaborations focused on power efficiency, such as the one we have with Marvell, will build on Micron's industry-leading HBM power specs, and provide hyperscalers with a robust platform to deliver the capabilities and optimal performance required to scale AI." "Optimizing HBM for specific XPUs and software environments will greatly improve the performance of cloud operators' infrastructure and ensure efficient power use," said Harry Yoon , corporate executive vice president of Samsung Electronics and head of Americas products and solutions planning. "The advancement of AI depends on such focused efforts. We look forward to collaborating with Marvell, a leader in custom compute silicon innovation." "By collaborating with Marvell, we can help our customers produce a more optimized solution for their workloads and infrastructure," said Sunny Kang , VP of DRAM Technology, SK hynix America. "As one of the leading pioneers of HBM, we look forward to shaping this next evolutionary stage for the technology." "Custom XPUs deliver superior performance and performance per watt compared to merchant, general-purpose solutions for specific, cloud-unique workloads," said Patrick Moorhead , CEO and Founder of Moor Insights & Strategy. "Marvell, already a player in custom compute silicon, is already delivering tailored solutions to leading cloud companies. Their latest custom compute HBM architecture platform provides an additional lever to enhance the TCO for custom silicon. Through strategic collaboration with leading memory makers, Marvell is poised to empower cloud operators in scaling their XPUs and accelerated infrastructure, thereby paving the way for them to enable the future of AI." Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others. This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. For further information, contact: Kim Markle pr@marvell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/marvell-announces-breakthrough-custom-hbm-compute-architecture-to-optimize-cloud-ai-accelerators-302328144.html SOURCE MarvellWhat's New Netflix's holiday thriller Carry-On has captivated audiences with its portrayal of airport security, centering on a Transportation Security Administration (TSA) agent who is coerced into allowing a dangerous package onto a flight. While the film has been a major hit, becoming Netflix 's most-watched film in the U.S. in December, it takes some creative liberties with TSA protocols and airport security procedures. Newsweek reached out to Netflix by email for comment. Why It Matters Carry-On debuted on Netflix on December 15 as part of the platform's holiday season releases. The film stars Taron Egerton as Ethan Kopek, a dedicated but conflicted TSA agent. The plot follows Kopek as he navigates a high-stakes situation when a stranger coerces him into compromising airport security to save his partner. The film has quickly become a global sensation, claiming the No. 1 spot on the platform's global top 10 chart with an impressive 42 million views in its first week of release, marking the biggest opening for Netflix this year. What To Know While Carry-On captivates audiences with its thrilling plot, it takes significant creative liberties with TSA procedures and airport security operations. Jessica Mayle, a spokesperson for the TSA, highlighted some of these inaccuracies, noting the compromises that were made to produce one of the year's biggest hits. No, TSA Doesn't Play 'Contraband Bingo' The movie shows TSA officers playing "Contraband Bingo." Mayle denied this. She told Newsweek : "We have never heard about anyone playing checkpoint bingo—and certainly not with things permitted in carry-on baggage. TSA highlights unusual prohibited items on social media, but such games are not part of our operations." Opting Out of Scans Comes With Consequences The film suggests passengers can refuse scanner screenings with few consequences. Mayle clarified this: "All passengers must be screened before entering the sterile area of the airport. In the rare instances passengers refuse, they are denied access." A Single Officer Breaching Security? Unlikely A single compromised officer causes a major security breach in the movie. Mayle addressed this, explaining: "Given TSA's layered approach to security, with intelligence and risk analysis as a basis, it is unlikely the scenarios the movie presented could evade the TSA airport security apparatus at the nation's airports." Holiday Accessories and Chants: A Local Call TSA officers are depicted wearing holiday accessories and chanting during shifts. "There are no rules on holiday accessories and chants, and permitting them would be a local leadership decision," Mayle said. Student IDs at the Airport? Possible But Delayed A scene depicts a student using a student ID as identification. "In the event someone arrives at the airport without acceptable identification—whether lost, stolen or otherwise—they may still be allowed to fly," Mayle said. "The TSA officer may ask the person to complete an identity verification process, including collecting information such as name and current address to confirm their identity, though this will cause delays for the individual." Security Breaches Would Prompt Immediate Action The film portrays a security breach while the airport continues normal operations. "TSA is always operating at a high level of security, and employees are in a constant state of vigilance," Mayle said. "The agency maintains a risk-based, intelligence-driven approach that includes multiple layers of security, both seen and unseen." Despite the movie's dramatized liberties, Mayle appreciates that Carry-On captured aspects of TSA officers' dedication and teamwork while calling attention to their essential role in keeping travelers safe. "The film ultimately portrayed our front-line workforce in a good light, even if the main character did not make the best decisions initially," she said. What People Are Saying Carla Hay, film critic, on Rotten Tomatoes: " Carry-On is a preposterous but entertaining thrill ride about an airport security agent caught up in a deadly terrorist plot involving a smuggled carry-on suitcase. The movie doesn't take itself seriously and has well-cast heroes and villains." T.J. Fixman, the film's writer, to The New York Times : "We just tried to capture all the little inconveniences that just become big ones. I have actually been stuck behind someone who only brought their school identification, something we show in the movie." What Happens Next Through its social media and outreach efforts, the TSA plans to use the attention generated by the film to emphasize the importance of accurate security protocols and encourage travelers to stay informed.
Iowa quarterback Cade McNamara released a statement Friday slamming the "100% false" media reports that suggested he had thrown his final pass for the Hawkeyes. McNamara has been sidelined since sustaining a concussion during the Oct. 26 win against Northwestern. Backup quarterback Brendan Sullivan has started the last two games for the Hawkeyes (6-4, 4-3 Big Ten) but is out with an ankle injury for Saturday's game at Maryland (4-6, 1-6). Iowa coach Kirk Ferentz said earlier this week that Jackson Stratton will be the likely starter against the Terrapins if McNamara is unavailable. McNamara's cloudy status prompted speculation on a podcast this week that he was "not mentally ready to play." The podcast hosts from the Des Moines Register and The Athletic also suggested that McNamara -- who played three years at Michigan (2020-22) before transferring to Iowa -- is not "fit to play quarterback in the Big Ten right now." "We don't want to bury his career yet, but it does seem like that interception against Northwestern was his last snap as a Hawkeye," Leistikow said. McNamara, who passed for 1,017 yards with six touchdowns and five interceptions in eight games this season, released a statement updating his current status. "My status is the same as it's always been -- a proud member of this football team," he said. McNamara said he has not yet been cleared to play. He said he was cleared to practice on Sunday but suffered an "adverse reaction" and was unable to practice this week and therefore unable to travel with the team to Maryland. "I have been working with the University of Iowa doctors and trainers, a concussion specialist focused on vision training, as well as engaging in hyperbaric treatments as frequently as possible," McNamara said. "I have every intention to play versus Nebraska next Friday night and I am confident that my teammates will return from Maryland with a win." Including his time with the Wolverines, McNamara has completed 60.9 percent of his passes for 4,703 yards with 31 touchdowns and 15 interceptions in 34 games. --Field Level MediaISTANBUL US President-elect Donald Trump promised "fully expedited approvals and permits" on Tuesday for those who invest $1 billion or more in the US. The permits would have no limit, including all environmental approvals, Trump said on his Truth Social social media platform. He did not disclose details in his post but he previously promised to provide tax cuts and incentives to companies during his election campaign. Trump also said the US would reduce bureaucracy for those who invest in the US.
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