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* Warner Bros Discovery gains on plan to split TV, streaming units * Adobe drops after forecasting 2025 revenue below estimates * Centene rises after guiding 2025 profit above expectations * Indexes down: Dow 0.33%, S&P 500 0.24%, Nasdaq 0.23% (Updates with investor comment in paragraphs 4-5, share prices throughout) By Echo Wang NEW YORK, Dec 12 (Reuters) - Wall Street edged lower on Thursday as investors assessed key economic data ahead of the Federal Reserve's meeting next week. The Nasdaq surged past the 20,000 mark for the first time on Wednesday, fueled by a relentless rally in technology stocks. The S&P 500 climbed to its highest level in nearly a week, as an inflation report aligning with expectations cemented bets on a 25-basis-point rate cut at the Fed's Dec. 17-18 meeting. Initial claims for U.S. unemployment benefits unexpectedly climbed last week, raising concerns over labor-market resilience. U.S. producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary trend. "Investors are just trying to suss out what is the Fed going to do next week? Is inflation really going to be a problem and the Fed has to really slow its role on rate cuts, or can they get there?" said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. Haworth added there was profit-taking after the Nasdaq touched an all-time high on Wednesday. Trader bets on the cut next week stand at over 98%, according to CME's FedWatch Tool. However, they indicate expectations of a pause in January after several Fed officials last week urged caution over the pace of monetary policy easing as the economy remained resilient. At 1:50 p.m. EST (1950 GMT) the Dow Jones Industrial Average fell 144.71 points, or 0.33%, to 44,004.27, the S&P 500 lost 14.59 points, or 0.24%, to 6,069.60 and the Nasdaq Composite lost 46.62 points, or 0.23%, to 19,988.28. Eight of the 11 major S&P sub-sectors were trading lower, with the healthcare sector at the bottom with a 0.6% decline. Megacap and growth stocks showed a mixed performance, with Nvidia slipping 0.78%, while Microsoft rose 1.12%. Adobe plunged 13.27% after the Photoshop maker forecast fiscal 2025 revenue below Wall Street expectations, weighing on the broader technology sector. Wall Street's main indexes have hit record highs multiple times this year, fueled by a rally in heavyweight tech stocks that capitalized on enthusiasm surrounding artificial intelligence and the Fed's interest-rate cuts. U.S. equities concluded a strong November following Donald Trump's presidential election victory, buoyed by expectations of business-friendly policies boosting corporate profits, and have started December on a broadly positive trajectory. Warner Bros Discovery soared 14.97% after the media company announced plans to separate its declining cable-TV business from streaming and studio operations. Nordson slid 9% as the dispensing-equipment maker forecast fiscal 2025 revenue below Wall Street estimates, while health insurer Centene rose 2.41% after forecasting its 2025 profit above estimates. Declining issues outnumbered advancers by a 2.24-to-1 ratio on the New York Stock Exchange. There were 94 new highs and 75 new lows on the NYSE. The S&P 500 posted 10 new 52-week highs and seven new lows while the Nasdaq Composite recorded 77 new highs and 116 new lows. (Reporting by Echo Wang in New York; Additional reporting by Purvi Agarwal and Shashwat Chauhan in Bengaluru; Editing by Maju Samuel and Rod Nickel))T0KO>2Gq dkXB|j7w-z PL.]EӸGэe3 5I9}WEwP&|5IӋw n`qZ35l,dk2C~Tfi\;vUf(mIT8:V!]( [*!hbN/1ޱhys<=U@*򨽔C%GIФgfnU.8Q=╰)WxxL{OΔOΝ !};2WMrKz^y+5Ucc =ݟ0 S{LmQF)ܬf#H4BveǤǚ^);E KhR*R94&rMx8n9JcbCP죠# #:l:;弽>4t09=" Ji:?i}R=fؑyD),<#=Xv2> |*a(ԟ$y_]5zhNu (I {S7!l3+=E%V7B3\=/ZΪH

EUDA Holdings and Guangdong Cell Biotech Explore Potential Strategic Partnership to Advance Biotechnology Innovation

Unlikely battleground California plays key role -- again -- in setting US House's political balance

Will Kamala Harris run for California governor in 2026? The question is already swirlinghttps://arab.news/mnbd3 WASHINGTON: US prosecutors are accusing two senior Syrian officials of overseeing a notorious prison that tortured peaceful protesters and other political prisoners, including a 26-year-old American woman who was later believed to have been executed. The indictment was unsealed Monday, two days after a shock militant offensive overthrew Syrian President Bashar Assad. The US, UN and others accuse him of widespread human rights abuses in a 13-year battle to crush opposition forces seeking his removal from power. The war, which began as a largely nonviolent popular uprising in 2011, has killed half a million people. The indictment, filed Nov. 18 in federal court in Chicago, is believed to be the US government’s first against what officials say were networks of Assad intelligence services and military branches and other allied groups that detained, tortured and killed thousands of perceived enemies. It names Jamil Hassan, director of the Syrian air force’s intelligence branch, who prosecutors say oversaw a prison and torture center at the Mezzeh air force base in the capital, Damascus, and Abdul Salam Mahmoud, who prosecutors say ran the prison. The indictment charges the two with conspiring to commit cruel and inhuman treatment of civilian detainees during the course of the Syrian civil war. Detainees at the prison were whipped, kicked, electrocuted, burned and subjected to other mental and physical abuse, including being housed in cells alongside corpses of dead detainees, prosecutors allege. Victims included Syrians, Americans and dual citizens, the indictment said. The US-based Syrian Emergency Task Force has long pushed federal prosecutors for action on the cases, including that of 26-year-old American aid worker Layla Shweikani. The group presented witnesses who testified of Shweikani’s 2016 torture at the prison. Syrian rights groups believe she was later executed at the Saydnaya military prison in the Damascus suburbs. “Now it is our time to capture these criminals and bring them to the United States for trial,” the Syrian Emergency Task Force said in a statement Monday. The group’s leader, Mouaz Moustafa, said his relatives were among those tortured at the prison. Federal prosecutors said they had issued arrest warrants for the two officials, who remain at large. Prospects of bringing them to trial were unclear. Assad’s toppling by the militants over the weekend has scattered his government and left citizens searching prison torture centers around the country for survivors and evidence.

"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.Julia Wick | (TNS) Los Angeles Times As California politicos look ahead to 2025, the biggest question looming is whether Vice President Kamala Harris — a native daughter, battered just weeks ago by presidential election defeat — will enter the 2026 California governor’s race. Related Articles National Politics | Trump taps immigration hard-liner Kari Lake as head of Voice of America National Politics | Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing National Politics | Pressure on a veteran and senator shows what’s next for those who oppose Trump National Politics | What Americans think about Hegseth, Gabbard and key Trump Cabinet picks AP-NORC poll National Politics | Trump is named Time’s Person of the Year and rings the New York Stock Exchange’s opening bell Harris has yet to give any public indication on her thoughts and those close to her suggest the governorship is not immediately top of mind. But if Harris does ultimately run — and that’s a massive if — her entrée would seismically reshape the already crowded race for California’s highest office. Recent polling suggests Harris would have a major advantage, with 46% of likely voters saying they were somewhat or very likely to support her for governor in 2026, according to a UC Berkeley Institute of Governmental Studies survey co-sponsored by The Times. “If Vice President Harris were to choose to run, I am certain that that would have a near field-clearing effect on the Democratic side,” Rep. Katie Porter, D-Irvine, said during a recent UC Irvine panel interview . Porter, a high-profile Democrat who has been eyeing the wide-open governor’s race, has yet to say whether she plans to run. Porter’s point was broadly echoed in conversations with nearly a dozen California political operatives and strategists, several of whom requested anonymity to speak candidly. Most speculated that a Harris entry would cause some other candidates in the race to scatter, creating further upheaval in down-ballot races as a roster of ambitious politicians scramble for other opportunities. “In politics, you always let the big dogs eat first,” quipped Democratic political consultant Peter Ragone. The current gubernatorial field is a who’s who of California politicians, but lacks a clear favorite or star with widespread name recognition. The vast majority of California’s 22 million voters have yet to pay attention to the race and have little familiarity with the candidates. The list of Democratic candidates includes Los Angeles’ first Latino mayor in more than a century ( Antonio Villaraigosa ); the first female and first out LGBTQ leader of the state Senate ( Toni Atkins ); the sitting lieutenant governor and first woman to hold that post ( Eleni Kounalakis ); the state superintendent of public instruction ( Tony Thurmond ) and the former state controller ( Betty Yee ). Democratic Gov. Gavin Newsom is serving his second term as California governor, meaning he is ineligible to run again. Several other Democrats, including Porter, outgoing Health and Human Services Director Xavier Becerra and state Atty. Gen. Rob Bonta have also publicly toyed with the idea of a run. They could be less likely to enter the fray should Harris decide to run. What the billionaire mall mogul Rick Caruso — who has also been exploring a run — would choose to do is an open question, as Caruso might contrast himself with Harris as a more centrist candidate. The real estate developer was a registered Republican until November 2019. It’s unlikely that Harris will proffer a public decision in the immediate term, leaving plenty of time for political insiders to game out hypotheticals in the weeks and months to come. Harris’ office did not respond to a request for comment. “I think every candidate for governor is trying to get some kind of intel,” Mike Trujillo, a Los Angeles-based Democratic political consultant and former Villaraigosa staffer, said of a potential Harris run. Trujillo speculated that Harris’ current state was probably similar to Hillary Clinton’s hiking sojourns in the Chappaqua woods after losing to Donald Trump in 2016, or Al Gore growing a beard in the bruising aftermath of his 2000 defeat. “The first thing she’s probably thinking about is, ‘Well, can I run again for president in four years?’ Not, ‘Do I run for governor in two years?’” said one political operative who’s worked with Harris in the past. Harris maintains a home in Brentwood and previously served as California’s senator and attorney general. A successful run for governor in 2026 would almost certainly impede a grab for the presidency in 2028. (Though if history is any guide, an unsuccessful run for California governor does not definitively preclude a bid for the Oval Office: Two years after losing the White House to John F. Kennedy, Richard Nixon lost the 1962 contest for governor to Pat Brown . The Yorba Linda native became the nation’s 37th president in 1969.) As the chief executive of a state that doubles as the world’s fifth-largest economy, Harris would have more power to steer policy and make changes as a California governor than she did as vice president, where her job required deference to President Biden. But leading a state, even the nation’s most populous, could feel like small potatoes after being a heartbeat (and a few dozen electoral votes) from the presidency. The protracted slog to November 2026 would also be a stark contrast to her ill-fated 107-day sprint toward the White House, particularly for a candidate whose 2020 presidential primary campaign was dogged by allegations of infighting and mismanagement. “I don’t think Kamala Harris has a deep psychological need to be governor of California, or to be in elective office in order to feel like she can contribute to society,” said the operative who’s worked with Harris in the past. “I think some of these people do, but she’s somebody who has enough prominence that she could do a lot of big, wonderful things without having to worry about balancing California’s budget or negotiating with Assemblyman Jesse Gabriel,” the Encino Democrat who chairs the Assembly’s budget committee. Technically, Harris has until March 2026 to decide whether she enters a race. But political strategists who spoke to The Times theorized that she probably would make a move by late spring, if she chooses to do so. “People will be more annoyed if she drops in in June,” a Democratic strategist involved with one of the gubernatorial campaigns said. Sending a clear signal by February would be more “courteous,” the strategist continued, explaining that such a move would give candidates more time to potentially enter other races. Kounalakis is a longtime friend and ally of Harris’ , and the vice president also has long-term relationships with some of the other candidates and potential candidates. California has eight statewide elected offices and campaign finance laws allow candidates to fundraise interchangeably for them, meaning money already raised for a candidate’s gubernatorial campaign could easily be redirected should they decide to run for, say, lieutenant governor instead. There are already a number of candidates running for lieutenant governor, including former Stockton Mayor Michael Tubbs, former state Sen. Steven Bradford and former state Treasurer Fiona Ma. But that office probably would see even more interest should Harris enter the gubernatorial race. It’s a largely ceremonial position, but one that has served as a launching pad for the governorship. Still, even if Harris does enter the race, Republican political strategist Mike Murphy threw cold water on the idea that she would have an automatic glide path to the governor’s office. “It’s like Hollywood. Nobody knows anything. She’s famous enough to look credible in early polling. That’s all we know for sure,” Murphy said. “Does that predict the future? No. Are there a lot of downsides (to a potential Harris candidacy)? Totally, yes.” ©2024 Los Angeles Times. Visit latimes.com. Distributed by Tribune Content Agency, LLC.


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