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phmacao app Illinois leaders mourn Carter, honor legacyUkraine studies debris from new Russian ballistic missileCanada is already examining tariffs on certain US items following Trump’s tariff threatShares of Arm Holdings Plc. dropped over 2% and Qualcomm’s shares also edged lower in midday trade on Tuesday as the courtroom showdown between the two chipmakers unfolded in Delaware, keeping retail sentiment subdued. The dispute, centered on Qualcomm's $1.4 billion acquisition of Nuvia in 2021, could have significant ramifications for the semiconductor industry. According to Reuters, documents presented by Qualcomm’s legal team suggested that Arm had considered designing its own chips, while Arm CEO Rene Haas insisted the company has not pursued this path. “We don’t build chips. We’ve never built chips,” he told jurors. The report highlighted that while Haas acknowledged exploring strategic options, he emphasized that Arm remains focused on licensing technology. According to the report, Qualcomm’s legal team also argued that Arm misled its customers, including Samsung Electronics, by warning them about the potential destruction of Nuvia’s designs. Qualcomm contends these warnings could disrupt its chip supply chain, with broader implications for the industry. Retail sentiment around Arm remained in the ‘neutral’ zone as chatter remained at ‘high’ levels. Some investors on the ticker believe that the trial's outcome will likely favor Arm, while others are unsure and waiting to see how Tuesday’s deliberations play out. Meanwhile, retail sentiment around Qualcomm was also ‘neutral,’ albeit a marginal improvement over the previous day’s ‘bearish’ shadow, as chatter remained at ‘high’ levels. Investors on Qualcomm’s ticker are also waiting for the trial to end but hope that Qualcomm will emerge victorious. The ongoing trial has implications for the broader chip industry, as Qualcomm is a key Arm customer and reportedly paying the company around $300 million annually in licensing fees, according to Bernstein analyst Stacy Rasgon. On Monday, jurors reportedly reviewed internal documents revealing that Nuvia’s royalty rates were significantly higher than Qualcomm's existing rates. Arm alleged that allowing Qualcomm to pay the lower rates could undermine its business model, potentially costing the company $50 million annually. Arm is expected to call its final witnesses on Tuesday, and Qualcomm may bring its CEO, Cristiano Amon, to testify. Jury deliberations could begin as early as Thursday. Arm is seeking a court order to destroy Nuvia's designs, which are a key part of Qualcomm’s new low-powered AI PC chips. For updates and corrections, email newsroom[at]stocktwits[dot]com.< Read also: PG&E Stock Rises on Department Of Energy’s Record $15B Loan Commitment, But Fails to Inspire Retail Sentiment

Martinez WWII Veteran and TikTok Star Turns 102 Years Old on Friday, Getting Deluged With Birthday CardsBy ROB GILLIES TORONTO (AP) — Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official said Wednesday. Trump has threatened to impose tariffs on products from Canada and Mexico if the countries don’t stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders. A Canadian government official said Canada is preparing for every eventuality and has started thinking about what items to target with tariffs in retaliation. The official stressed no decision has been made. The person spoke on condition of anonymity as they were not authorized to speak publicly. When Trump imposed higher tariffs during his first term in office, other countries responded with retaliatory tariffs of their own. Canada, for instance, announced billions of new duties in 2018 against the U.S. in a tit-for-tat response to new taxes on Canadian steel and aluminum. Many of the U.S. products were chosen for their political rather than economic impact. For example, Canada imports $3 million worth of yogurt from the U.S. annually and most comes from one plant in Wisconsin, home state of then-House Speaker Paul Ryan. That product was hit with a 10% duty. Another product on the list was whiskey, which comes from Tennessee and Kentucky, the latter of which is the home state of then-Republican Senate leader Mitch McConnell. Trump made the threat Monday while railing against an influx of illegal migrants, even though the numbers at Canadian border pale in comparison to the southern border. The U.S. Border Patrol made 56,530 arrests at the Mexican border in October alone — and 23,721 arrests at the Canadian one between October 2023 and September 2024. Canadian officials say lumping Canada in with Mexico is unfair but say they are happy to work with the Trump administration to lower the numbers from Canada. The Canadians are also worried about a influx north of migrants if Trump follows through with his plan for mass deportations. Trump also railed about fentanyl from Mexico and Canada, even though seizures from the Canadian border pale in comparison to the Mexican border. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border. Related Articles National Politics | Central Valley Democratic challenger Adam Gray takes lead in last uncalled House race National Politics | Trump selects longtime adviser Keith Kellogg as special envoy for Ukraine and Russia National Politics | Trump’s tariffs in his first term did little to alter the economy, but this time could be different National Politics | Kai Trump shows Elon Musk awkwardly tutoring Trump in rocket science National Politics | Will Trump’s return lead to a new wave of bestselling books? Canadian officials argue their country is not the problem and that tariffs will have severe implications for both countries. Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day. About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports are from Canada. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing in for national security. “Canada is essential to the United States’ domestic energy supply,” Deputy Prime Minister Chrystia Freeland said. Trump has pledged to cut American energy bills in half within 18 months, something that could be made harder if a 25% premium is added to Canadian oil imports. In 2023, Canadian oil accounted for almost two-thirds of total U.S. oil imports and about one-fifth of the U.S. oil supply. Prime Minister Justin Trudeau is holding a emergency virtual meeting on Wednesday with the leaders of Canada’s provinces, who want Trudeau to negotiate a bilateral trade deal with the United States that excludes Mexico. Mexican President Claudia Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.”Lucknow, Nov 24 (PTI) Electoral politics is hard as the momentum shifts ever so quickly, more so in a politically sensitive state like Uttar Pradesh, where the results of the byelections in nine assembly seats have repositioned the ruling BJP in the pole position after a blip in the June 2024 Lok Sabha polls. Having put in the hard yards with multiple rallies across all nine by-poll seats and assigning himself the responsibility of a difficult seat like Katehari in Ambedkarnagar that BJP won after three decades, Chief Minister Yogi Adityanath's stock has skyrocketed to the days when the BJP won a consecutive term in UP in 2022. Adityanath literally set the narrative for the bypolls in August itself with slogans like 'batenge toh katenge (divided we perish)' that were cleverly tailored to reinforce the Hindu unity pitch and resonated right through the mini polls. "For a long time, Samajwadi Party's politics revolved around its 'MY' factor that was meant to denote a particular community and caste. The BJP has changed that with a new 'MY' approach. This 'MY' factor means Modi-Yogi and these two leaders are changing the political discourse with their development narrative, and this by-poll again showed the effectiveness of Yogi ji," UP BJP spokesman Manish Shukla told PTI. The party won six seats out of nine while ally RLD got one. Adityanath's 'batoge toh katoge' slogan made a huge impression was evident in the BJP’s win in the Muslim-majority Kundarki seat in Moradabad. Here, the party had not won in three decades but this time voters consolidated behind BJP’s Ramveer Singh, the lone Hindu among 11 Muslims in the fray. “The SP took Muslims for granted and we went about telling the voters about SP leaders’ claim that virtually anyone on their party’s symbol would win. "Eventually they realised that despite being unfairly demonised by our opponents, only BJP could get them out of the vote bank trap and of course our leadership helped,” Ramveer said. The importance of Kundarki win was such that it even found a mention in Prime Minister Narendra Modi’s speech at the BJP office in Delhi after the BJP-led-NDA’s spectacular win in Maharashtra on Saturday evening. “What it means is that while BJP vote bank consolidated, the SP’s trusted Muslim vote bank that had voted for the party in big numbers both in 2022 UP polls as well as in 2024 Lok Sabha polls disintegrated. Brand Yogi has found a boost while Akhilesh Yadav has some work to do,” a senior BJP leader told PTI. Even in its family bastion of Karhal seat in Mainpuri, which SP chief Akhilesh Yadav had himself won by an impressive margin of around 67000 votes in 2002 UP polls, the SP’s vote bank dipped as party candidate and Akhilesh’s nephew Tej Pratap Yadav won against Anujesh Yadav, also a distant relative of Akhilesh, by about 14000 votes. The SP had alleged massive irregularities in voting and on its complaint the EC had suspended seven police officials in UP. In Sishamau, Kanpur, the only other seat the SP won in the bypolls, the margin was even lesser – about 8000 odd – making it evident the main opposition party had lost the momentum gained after 2024 Lok Sabha poll results. Back then the SP had won 37 seats against BJP’s 33 in UP but the momentum, it appears, has quickly swung back in BJP’s favour. Meerapur assembly seat in Muzaffarnagar in west UP was another seat that had a sizeable Muslim presence. RLD had won the seat in 2022 UP polls when it was in alliance with SP, and has succeeded in retaining it after joining hands with the BJP. "The RLD has a dedicated vote bank comprising all sections of society and people's belief in our leader Jayant Chaudhary showed again with a landslide win," RLD leader Rohit Agarwal told PTI. The Congress, which announced support for SP, didn’t contest the polls and though senior leaders on both sides said “all is well” with the alliance, at the local level discordant notes were heard. These concerns primarily revolved around a lack of ground-level coordination; defeating the very purpose of coordination committees that were set up on October 25 to ensure that. “There is nothing wrong with the alliance. The Congress helped us. The reason for the reverses was mainly due to rampant and blatant misuse of official machinery and the people would make BJP realise this in 2027 UP polls when SP comes to power,” Samajwadi Party’s national secretary Arvind Singh ‘Gope’ told PTI. The BSP, led by four-time former UP chief minister Mayawati, suffered maximum embarrassment as its candidate badly lost the polls, opening the party again to the charge of being a ‘vote katva (vote cutter)’. On Sunday Mayawati after alleging irregularities declared that her party won’t contest any more bypolls – an announcement that meant little in the face of yet another political loss and party leadership’s inability to arrest the slide. “The BJP contested the polls as one unit unlike the opposition that was besieged with internal conflicts," Shukla said. “What can one say about BSP? We all know that it has been the ‘B’ team of BJP and this election too proved that as it contested the election not to win but to dent the chances of the INDIA bloc,” Congress secretary Shahnawaz Alam said. (This story has not been edited by THE WEEK and is auto-generated from PTI)

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