Tuesday, November 26, 2024
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Man Utd transfer: Liverpool hijack on as £34m star ‘open to Old Trafford move’ despite Reds ‘agreement’

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Manchester United are reportedly plotting the hijack of Giorgi Mamardashvili’s ‘agreed’ transfer to Liverpool with the goalkeeper said to be ‘open to a move to Old Trafford this summer. Liverpool are looking to make Mamardashvili their first signing of the summer having been snubbed by midfield target Martin Zubimendi…
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Targeting NPCs: A New Approach to Combating Blood Cancers

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Nuclear pore complexes regulate critical cell functions and vary in cancer cells. A recent study identified Nup358, a key NPC protein, as essential for myeloid cell development, linking its dysfunction to blood cancers. Nuclear pore complexes (NPCs) are protein-based channels that control the movement of molecules in and out of the nucleus…
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FIRS Plans To Regulate Cryptocurrency, Reconstruct Revenue Collection System

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The Federal Inland Revenue Service (FIRS) has made plans to introduce an Executive Bill to the National Assembly which aims to overhaul Nigeria’s revenue system and regulate the cryptocurrency sector.
The post FIRS Plans To Regulate Cryptocurrency, Reconstruct Revenue Collection System appeared first on Economic Confidential…
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Trump taps RFK Jr. and Tulsi Gabbard for presidential transition team

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Former President Donald Trump has added his onetime campaign rival Robert F. Kennedy Jr. and the former Democratic Rep. Tulsi Gabbard to his presidential transition team, a spokesman confirmed Tuesday.

Both Kennedy and Gabbard endorsed Trump in the past week in his race against Vice President Kamala  Harris, the Democratic presidential nominee.

“As President Trump’s broad coalition of supporters and endorsers expands across partisan lines, we are proud that Robert F. Kennedy Jr. and Tulsi Gabbard have been added to the Trump/Vance Transition team,” Trump campaign senior advisor Brian Hughes said in a statement to CNBC.

“We look forward to having their powerful voices on the team as we work to restore America’s greatness,” Hughes said.

The transition team would make staffing and policy decisions if Trump beats Harris in the Nov. 5 presidential election. The New York Times first reported that the Republican nominee planned to tap Kennedy and Gabbard for the team.

Kennedy suspended his independent presidential campaign on Friday. Gabbard, who ran for the Democratic presidential nomination in the 2020 cycle and left the party in 2022, has reportedly been helping Trump prepare for a debate against Harris.

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RFK Jr.’s embrace of Trump came just a few months after both men had excoriated each other on the campaign trail. Trump had accused the Kennedy family scion of being a “Radical Left Lunatic,” while the then-third party candidate had assailed Trump as “unhinged.”

It was not immediately clear what specific roles Kennedy and Gabbard would play in the transition team.

“I’ve been asked to go on to the transition team you know to help pick the people who will be running the government,” Kennedy in a recent interview with former Fox News host Tucker Carlson said.

“And I’m looking forward to that.”

Gabbard did not immediately respond to a request for comment.

The two new additions join a team that already includes Trump’s adult sons, Donald Trump Jr. and Eric Trump, as well as his running mate, Sen. JD Vance of Ohio.

Linda McMahon, the former president and CEO of World Wrestling Entertainment Inc. and the former head of the Small Business Administration under Trump, has also been named to the transition team.

Howard Lutnick, the chairman and CEO of the financial firm Cantor Fitzgerald, is also on the transition team.

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Trump Media shares hit record low as race tightens for former US president

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The stock is seen by some retail traders as a bet on whether Trump would win a second term as US president.

Shares of Trump Media & Technology Group (DJT), which is majority-owned by former United States President Donald Trump, have sunk to record lows following the Republican presidential candidate’s recent return to rival social media platform X and his dwindling lead in polls for the upcoming presidential election.

Trump Media shares dropped on Tuesday to as low as $21.33, down more than 4 percent. The stock finished down 3.7 percent at $21.42, marking the eighth consecutive session of losses.

Trump’s dwindling lead in the polls and election betting markets in recent weeks has also hit the stock, which has been seen by some retail traders as a bet on whether Trump would win a second term.

“I’ve always looked at Truth Social and DJT as a voting mechanism versus an investment mechanism,” said Lou Basenese, president and chief market strategist at MDB Capital in New York. “The valuation never made sense in relation to the fundamentals.”

Earlier this month, Trump Media – whose main asset is the Truth Social app – reported a quarterly loss of $16.4m and revenue of just $837,000. The company has a market value of about $4.3bn, down from more than $8bn earlier this year.

The stock had reached an all-time high of $79.38 during its Nasdaq debut on March 26 following a merger with blank-check company Digital World Acquisition Corp.

Trump is expected to be eligible to begin cashing out his nearly 60 percent stake – or 114.75 million shares – in his social media company when the insider lockup period expires next month.

“It’s always traded in line with his odds of winning or losing, and that’s what we’re seeing now that the race is tight and the probability of him winning has narrowed. And I think it’s hitting record lows also because you’re coming up against the insider lockup,” Basenese added.

Trump began posting on the X platform last week for the first time in nearly a year, coinciding with an interview with owner Elon Musk.

Trump in recent weeks has lost his sizeable lead in polls against Vice President Kamala Harris, the Democratic candidate.

With 78 days to go before the November 5 vote, contracts for a Harris victory are trading at 56 cents, with a potential $1 payout, on the PredictIt politics betting platform.

Trump contracts are at 46 cents, down from as much as 69 cents in mid-July.

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Warren: Kamala Harris will ‘wipe the floor’ with Donald Trump in debate

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Trump’s ‘October Surprise’ May Include RFK Jr.—Political Analyst

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Political analyst Jennifer Rubin predicted on Saturday that former President Donald Trump‘s “October surprise” may include former independent presidential candidate Robert F. Kennedy Jr.

On Friday, Kennedy Jr., an environmental lawyer, dropped out of this year’s presidential race and endorsed Trump, the GOP presidential nominee, instead of Vice President Kamala Harris, the Democratic presidential nominee. Later that night, Kennedy Jr. joined Trump on stage at a campaign rally in Glendale, Arizona. When introducing him, Trump called Kennedy Jr. “a man who has been an incredible champion for so many of these values that we all share.”

There is speculation among some that Trump could offer Kennedy Jr. a role in his administration in exchange for his support.

In an interview appearance on MSNBC‘s The Saturday Show with Jonathan Capehart, Rubin, a former conservative political commentator throughout most of her career and became a vocal critic of Trump in September 2020, spoke about Kennedy Jr.’s endorsement.

When asked by Capehart what kind of impact Kennedy Jr. has on the now two-way race, Rubin noted how he is a “perfect match” for Trump as she predicted that Trump’s running mate Ohio Senator JD Vance should “stick by the phone” because Trump may pull in Kennedy Jr. as “an October surprise.”

“The more people know about Bobby Kennedy, the more people who are saying they do not want to vote for him. I think he’s a perfect match for Donald Trump,” Rubin said before making a prediction. “If I were JD Vance, I would stick by the phone because he might be just the kind of guy that Trump would pull in as an October surprise. He is a nut, he is a conspiracy nut, he’s a racist, he has come up with all of these cockamamie theories of prosecutions. In that sense, he’s very much a Trump rather than a Kennedy.”

An “October surprise” refers to an event or late revelation that can change the trajectory of a presidential election as it can cause irreparable damage to one candidate’s chances and boost the other’s.

Newsweek has reached out to Vance’s campaign spokesperson via email for comment.

Former Republican presidential candidate Robert F. Kennedy Jr. and Republican presidential nominee, former U.S. President Donald Trump shake hands during a campaign rally at Desert Diamond Arena on August 23, 2024 in Glendale, Arizona. As…

Rebecca Noble/Getty Images

Kennedy Jr., the son of 1968 Democratic presidential candidate Senator Robert F. Kennedy and nephew of Democratic President John F. Kennedy, has gained attention in recent years for his skepticism toward the COVID-19 vaccinations. He also stirred controversy on several occasions while on the campaign trail. Earlier this month, Kennedy admitted to dumping a dead bear cub in Central Park in Manhattan 10 years earlier, saying that he and his friends who assisted thought the act was “amusing.”

In response to Rubin’s remarks, Trump’s communications director, Steven Cheung condemned her in an emailed statement to Newsweek on Sunday.

“Jennifer Rubin is a washed-up loser who suffers from Trump Derangement Syndrome that has rotted her brain. The Never Trump movement is on its death bed, and they are doing everything they can to stay relevant, including making up outright lies and falsehoods to convince themselves of their delusional reality,” he said.

While it’s unclear how Kennedy Jr.’s decision to suspend his campaign will impact an already tight race, Rubin’s prediction comes after Vance has had a difficult time in the polls since Trump announced he was his running mate at the Republican National Convention (RNC) in July.

His early polling issues seem to be changing in some polls, with the most recent Morning Consult research showing that voters are now only 2 points more likely to have unfavorable than favorable views of Vance.

The polling aggregation site FiveThirtyEight shows unfavorable opinions of Vance at 43.2 percent and favorable opinions of him at 33.2 percent. This is a net difference of 10 percentage points, the first time it has been in the double digits on FiveThirtyEight since Vance entered the race.

FiveThirtyEight’s results, the most recent of which were updated on Wednesday, are based on a projection of 95 percent of polls falling in that range.

Despite any concerns over Vance’s polling numbers, Trump’s campaign and even Trump himself have remained firm on their decision of Vance as their vice president pick.

Trump spokesperson, Cheung, denied reports that Trump was regretting picking Vance as his running mate in a statement to Newsweek last month.

“President Trump is thrilled with the choice he made with Senator Vance, and they are the perfect team to take back the White House. And any reporting to the contrary is nothing but ridiculous fake news from either nonexistent sources or individuals who have no idea what’s going on,” he said.

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Video Games Industry Elite Gathers In Riyadh For The New Global Sport Conference, Business News

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Two-Day Event Draws Capacity Lineup of International Celebrities, Thought-Leading Executives and Government Officials – 1,200 global delegates arrive in the Kingdom of Saudi Arabia today, including over 200 CEOs from across gaming, esports, technology, sports, entertainment industries – Prestigious speaker lineup includes HRH Prince Faisal bin Bandar bin Sultan Al Saud (Chairman of the Saudi
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China urges EU to stop ‘politicizing’ economic issues as trade tensions flare

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In Beijing, China’s Foreign Ministry spokesperson Mao Ning once again denounced the tariff plan, saying it was politically motivated…
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The Start of a (Really) Bad Thing? AI Could Put ‘Up to 23% of Music Creator Revenues’ At Risk Before 2028, Study Warns

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By 2028, an estimated 23% of music creators’ revenue “will be at risk due to” generative AI, according to a new report on the unprecedented technology. That nearly 150-page report comes from APRA AMCOS, which surveyed 4,274 of its member songwriters, composers, and publishers in connection with the analysis…
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