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    What you need to know about skin cancer and how to prevent it, according to a doctor

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    CNN
     — 

    Skin cancer is by far the most common form of cancer in the United States, according to the American Cancer Society.

    With summer coming in the Northern Hemisphere, it’s time to check in with CNN wellness expert and emergency physician Dr. Leana Wen about the dangers of skin cancer and the need for safe sun exposure.

    As we head into summer, what do we need to know about the chance of developing skin cancer? And how can someone know if a mole or skin discoloration needs to be checked out? Which health care provider should be contacted if there is a concern? Should people get full-body skin cancer screening exams? Are self-exams useful?

    Wen has some answers for us, as well as steps everyone can take to reduce the risk of developing skin cancer. An emergency physician and adjunct associate professor at George Washington University, she previously was Baltimore’s health commissioner.

    CNN: I was surprised to learn that skin cancer is so common. What are the major forms of skin cancer?

    Dr. Leana Wen: There are three main forms of skin cancer. The most common type is called basal cell carcinoma. These cancers can look like an elevated transparent bump on the skin and most frequently occur on the head, neck and other areas most exposed to the sun. Although these cancers generally develop slowly, they can grow deep and damage nerves and bones.

    Squamous cell carcinoma is the second most common type of skin cancer. These often resemble a red bump and may manifest as a sore or wound that heals and then opens up again. These, too, tend to appear in areas with frequent sun exposure and can also appear on the lip and ear. They can grow deep and spread to other parts of the body.

    Melanoma is the third type that is critical to know. That’s because while it only accounts for 1% of total cancers, it is the cause of the majority of deaths from skin cancer. In the United States in 2024, more than 8,000 people will die annually from this cancer.

    Melanoma can develop within a mole that already exists or as a new dark spot on the skin. There is also an association with sun exposure and melanoma. According to the American Cancer Society, though melanoma risk increases with age, it is one of the most common cancers in young adults.

    Anastasiia Stiahailo/iStockphoto/Getty Images

    Routine self-exams can help with early detection of skin cancer.

    CNN: How can someone know if a mole or skin discoloration should be checked out by a medical professional?

    Wen: There is an “ABCDE” rule that describes warning features that could signify a melanoma. A is for asymmetry, if the shape of one half of the mole does not match the other. B is for border. A mole with blurred, irregular edges could be concerning. C is for color, meaning a mole that has multiple colors and shades. D is for diameter. Some melanomas can be very small, but most are over 6 millimeters, about ¼ inch, wide. E is for evolving, meaning that the mole has changed over the past weeks or months.

    Anyone who notices these features of a mole should get it checked out. In addition, people who notice a new growth, a spot or bump that is increasing in size over time, a skin discoloration that is causing discomfort or a sore that doesn’t get better should also seek medical attention.

    CNN: Should people make an appointment with a dermatologist? What if they don’t have one?

    Wen: Those who have a dermatologist should contact that person first. Sometimes, a referral from a primary care provider may be necessary.

    People who have concerning signs that could point to melanoma should clearly state this as a reason — that they have a change in size or color of a mole, for example, and they are concerned about skin cancer.

    CNN: Is it recommended for everyone to receive regular skin cancer screening tests?

    Wen: The influential US Preventive Services Task Force issued a recommendation in 2023 that there is insufficient evidence to assess the benefits versus risks of regular visual skin examination as a method to screen for skin cancer.

    It’s important to note that this is the general recommendation for people at average risk for skin cancer who have no suspicious moles or spots. People who do see concerning new skin changes should be sure to contact their physician right away.

    In addition, those who are at increased risk for skin cancer should ask a dermatologist if they should receive regular skin exams. These are done via visual inspection by the physician, meaning that the doctor looks over the entire body. Certain moles may be removed for biopsy to see if they are cancerous.

    CNN: What are factors that put someone at higher risk for skin cancer?

    Wen: One main factor is ultraviolet (UV) light exposure. People who have extensive sun exposure, history of sunburns and tanning bed use are at elevated risk. Age is also a risk factor; the longer someone has UV exposure, the higher their risk. Those with 50 or more moles are also at higher risk, as are people with fair complexions.

    There are also specific risk factors related to personal and family medical history. These include personal or family history of skin cancer, history of precancerous lesions such as actinic keratoses, certain genetic disorders such as xeroderma pigmentosum and history of immunosuppression. Individuals with risk factors, or who are not certain about them, should contact their physician to come up with a plan for screening.

    CNN: What about self-exams? Can these be helpful?

    Wen: Yes. It is a good idea for everyone to check their skin for moles. Look for the ABCDE warning signs as well as any new spots or sores that are itchy, tender or painful.

    People should also remember to check everywhere on their bodies. While skin cancer is most likely in sun-exposed areas, other places are possible, too, including the palms of your hands, soles of your feet and genital areas.

    A good time to check is when you shower, bathe, change clothes or apply lotion. You could also ask for help from a family member or friend, especially in hard-to-see areas like the scalp.

    CNN: What are steps to reduce the risk of developing skin cancer?

    Wen: Reducing UV exposure is a crucial step that everyone can take. That means, when possible, staying in the shade; wearing clothing that covers arms and legs; wearing a hat that covers the face, head, ears and neck; and regularly using broad-spectrum sunscreen with a sun protection factor (SPF) of at least 30.

    You can turn to the excellent Environmental Working Group’s resource on choosing sunscreens that I use and that I recommend to everyone to find an effective sunscreen that works for your lifestyle, budget and personal preferences.

    People should keep in mind that UV rays penetrate and can cause harm not just during the summer but year-round. Also, UV is not just present when it’s sunny but also on cloudy days, and the rays can reflect off surfaces like snow, sand and water. And it’s not only people who are fair-skinned who can have skin cancer; individuals of all colors, including those with brown and Black skin, can develop skin cancer.

    Finally, I strongly urge people not to use indoor tanning beds. These expose users to high levels of UV rays and increase the risk of developing skin cancer.

    Biden asserts executive privilege over Hur audio files ahead of House contempt proceedings against Garland

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    CNN
     — 

    President Joe Biden has asserted executive privilege over the recordings of his interview with special counsel Robert Hur, according to letters from the White House and Justice Department to House Republicans.

    Republican lawmakers had previously subpoenaed the audio recordings of Biden’s interviews, along with his ghostwriter, Mark Zwonitzer and other items from Hur’s investigation into Biden’s handling of classified information. The House Oversight and Judiciary committees are scheduled to begin the process of holding Attorney General Merrick Garland in contempt of Congress for failing to comply with those subpoenas on Thursday.

    House Judiciary Chairman Jim Jordan made clear his committee will continue moving forward with holding Garland in contempt.

    “This morning, we get an 11th-hour invocation of executive privilege. President Biden is asserting executive privilege for the same reason we need the audio recordings: They offer a unique perspective. This last-minute invocation does not change the fact that the Attorney General has not complied with our subpoena” Jordan said at the opening of his committee’s markup.

    The White House pointed out that the Department of Justice has already provided the transcripts of the special counsel’s interviews with Biden and his ghostwriter, and has complied with the other aspects of the initial subpoena from Republicans.

    “Because of the President’s longstanding commitment to protecting the integrity, effectiveness, and independence of the Department of Justice and its law enforcement investigations, he has decided to assert executive privilege over the recordings,” White House Counsel Edward Siskel wrote to House Oversight Chair James Comer and House Judiciary Chair Jim Jordan.

    Siskel accused Republicans of wanting to distort the audio recordings and criticized them for going after prosecutors they do not agree with.

    “The absence of a legitimate need for the audio recordings lays bare your likely goal — to chop them up, distort them, and use them for partisan political purposes,” Siskel wrote.

    In light of the White House asserting executive privilege, the Department of Justice called on House Republicans to cancel their scheduled contempt proceedings.

    “With the information you now have, the Committees ought not proceed with contempt and should instead avoid unnecessary and unwarranted conflict,” Assistant Attorney General for the Office of Legislative Affairs, Carlos Uriarte wrote.

    Uriarte also defended the need to protect the audio tapes: “We have repeatedly made clear that disclosure of the subpoenaed audio recordings would damage future law enforcement efforts and that the Committees’ continued demands raise serious separation of powers concerns.”

    The transcript of the two-day interview between Hur’s team and Biden was released in March ahead of Hur’s testimony before the House Judiciary committee.

    Hur did not recommend charges against Biden in his report and said the president, in the interview, came across as a “sympathetic, well-meaning, elderly man with a poor memory.”

    In April, CNN sued for access to the recordings of Biden’s interview.

    Through their subpoenas to the DOJ, House Republicans have argued that the audio recordings are crucial to their impeachment inquiry into Biden, which remains stalled as the prospects of the investigation ending in impeachment are increasingly unlikely. Without the votes in their narrow majority or evidence of an impeachable offense, Republicans are now struggling with how to end their probe and are looking for ways to target other members of the Biden administration.

    Garland denounced Republican-led attacks on the Justice Department in remarks following the announcement that Biden would assert executive privilege.

    “The Justice Department is a fundamental institution of our democracy,” Garland told reporters at the Justice Department in Washington, DC. “People depend on us to ensure that our investigations and prosecutions are conducted according to the facts and the law and without political influence.”

    In their contempt reports, Republicans stated that the DOJ does not get to determine what information is useful to their investigation, and argued that the verbal nuances of an audio recording provide unique insight into a subject that are not reflected in a transcript.

    “The Constitution does not permit the executive branch to dictate to Congress how to proceed with an impeachment inquiry or to conduct its oversight,” the report reads.

    Republicans, meanwhile, argue in their report that while the transcripts of the interviews reflect what was said, “they do not reflect important verbal context, such as tone or tenor, or nonverbal context, such as pauses or pace of delivery.”

    Such pauses and inflections, Republicans claim, “can provide indications of a witness’s ability to recall events, or whether the individual is intentionally giving evasive or nonresponsive testimony to investigators.”

    Republicans pointed to a recent example of when a transcript and audio recording of the president diverged, stating that at a speech last month, Biden read a teleprompter cue out loud during his speech, which was reflected in the recording of the event but not in the initial transcript of his remarks.

    The House Oversight Committee pushed back the start time of its Thursday markup so that Republican committee members can attend the criminal trial of former President Donald Trump in New York City, two sources familiar with the planning told CNN.

    When asked to comment on the reason for the schedule change, an Oversight Committee spokeswoman told CNN, “Due to member schedule conflicts, the markup is now starting at a different time to accommodate members’ schedules.”

    This story and headline have been updated with additional developments.

    Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets

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    NEW YORK (AP) — Your wallet may soon be getting thinner.

    Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.

    The new features could mean Americans will be carrying fewer physical cards in their wallets, and will make the 16-digit credit or debit card number printed on every card increasingly irrelevant.

    They will be some of the biggest changes to how payments operate in the U.S. since the U.S. rolled out chip-embedded cards several years ago. They also come as Americans have many more options to pay for purchases beyond “credit or debit,” including buy now, pay later companies, peer-to-peer payment options, paying directly with a bank, or digital payment systems like Apple Pay.

    “I think (with these features) we’re getting past the point where consumers may never need to manually enter an account number ever again,” said Mark Nelsen, Visa’s global head of consumer payments, in an interview.

    The biggest change coming for Americans will be the ability for banks to issue one physical payment card that will be connected to multiple bank accounts. That means no more carrying, for example, a Bank of America or Chase debit card as well as their respective credit cards in a physical wallet. Americans will be able to set criteria with their bank — such as having all purchases below $100 or with a certain merchant applied to the debit card, while other purchases go on the credit card.

    The feature, already being used in Asia, will be available this summer. Buy now, pay later company Affirm is the first of Visa’s customers to roll out the feature in the U.S.

    Some of Visa’s new features are in response to online-payments fraud, which continues to increase as more countries adopt digital payments. The San Francisco-based company estimates that payment fraud happens roughly seven times more often online than it does in person, and there are now billions of stolen credit and debit card numbers available to criminals.

    Other new elements are also in response to features that non-payments companies have rolled out in recent years. The Apple Card, which uses Mastercard as its payment network, does not come with a printed 16-digit account number and Apple Card users can request a fresh credit card number at any time without having to dispose of the physical card.

    Visa executives see a future where banks will issue cards where the 16-digit account number, if the new cards come with them, is largely symbolic.

    Among the other updates unveiled by Visa are changes to tap-to-pay features. Americans will be able to tap their credit or debit cards to their smartphones to add the card to mobile wallets, instead of using a smartphone’s camera to scan in a card’s information, or tap the card to their smartphones to approve a transaction online. Visa will also start implementing biometrics to approve transactions, similar to how Apple devices use a fingerprint or face scan to approve transactions.

    The features will take time to filter down to the banks, which will decide when or what to implement for their customers. But since the banks and credit card companies are Visa’s customers, and issue cards with the Visa label, these are features that the financial institutions have been asking for.

    Keir Starmer makes pre-election pitch with six pledges

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    • By Kate Whannel
    • Political reporter

    Labour leader Sir Keir Starmer is to outline the first steps he would take if his party wins the next election.

    The six commitments include a border security command to tackle the criminal gangs behind small boat crossings and recruiting 6,500 teachers.

    At an event in Essex on Thursday, Sir Keir will say the pledges will help begin “a decade of national renewal”.

    The Conservatives said the Labour leader was on his “16th relaunch” and had “no coherent plan”.

    Last year, Sir Keir outlined five “missions” of growing the UK economy, making Britain a clean energy superpower, improving the NHS, reforming the justice system and raising education standards.

    The Labour leader has now added a sixth pledge – the plans for the border – and in a speech will attempt to assure voters he would take “urgent” action on the issues.

    The six steps are expected to form a key part of Labour’s election campaign and will remind some voters of the pledge cards presented by Tony Blair when he was leading the Labour party ahead of the 1997 general election.

    • Sticking to tough spending rules in order to deliver economic stability
    • Cutting NHS waiting lists by providing 40,000 more appointments each week – funded by tackling tax avoidance and non-dom loopholes
    • Launching a border security command to stop the gangs arranging small boat crossings
    • Setting up Great British Energy, a publicly owned clean power energy company
    • Providing more neighbourhood police officers to reduce antisocial behaviour and introduced new penalties for offenders
    • Recruiting 6,500 teachers, paid for through ending tax breaks for private schools.

    Labour has put no precise time frame for delivering these policies, but shadow business secretary and Labour’s national campaign coordinator Pat McFadden, said his party will implement them “as soon as possible”.

    Mr McFadden told BBC Radio 4’s Today programme “as soon as we get elected we will put in place the changes that we need to put in place to make these first steps happen”.

    The six pledges “were the foundation” for proving showing the party can be “trusted with public money and trusted with defence”, he said.

    Image source, Getty Images

    Image caption, John Prescott – Labour’s deputy leader from 1994 to 2007 – displaying the party’s pledge cards

    The party will also be launching an advertising campaign – including ad vans and billboards – which will constitute their largest ad spend since the last general election in 2019.

    Labour is expected to hold separate launches for voters in Scotland and Wales in the coming weeks.

    The event is a further sign that political parties are in full pre-election mode.

    Prime Minister Rishi Sunak can choose when to hold an election, but it has to take place before by 28 January 2025.

    Earlier this week, he delivered a wide-ranging speech which included strong criticism of his Labour opponent, attacking Sir Keir’s record on defence spending and arguing that he would make the UK less safe.

    A Labour spokesman has insisted the six steps are “not the sum total” of the party’s election offer and insisted the party also stood by its other policy commitments, such as housing and workers’ rights.

    “I would remind you for example… the national minimum wage was not on the pledge card in 1997, but it was one of the most important achievements of the Labour government, and in a similar vein, our manifesto will be our full offering.” he said.

    Conservative Party chairman Richard Holden said Labour’s plans did not “amount to a hill of beans”.

    He said the Conservatives were “sticking to the plan which is working to strengthen the economy – with inflation down from 11.1% to 3.2% and £900 back in hard-working people’s pockets – and a fair immigration system with boat crossings down”.

    The shadow cabinet have piled on to a train out of London.

    The event Labour are staging is all about creating a sense, they hope, of momentum and generating attention. There will be videos and speeches, culminating in Sir Keir Starmer doing a turn and taking questions.

    Afterwards shadow cabinet ministers will mill about sounding upbeat on camera, as happens after the leader’s speech at party conference.

    The blurb we have been sent in advance shows Sir Keir minus a jacket with his sleeves rolled up. These are branded as his first steps, rather than Labour’s.

    Very personal, even presidential.

    The aim of today isn’t to say anything brand new. But to turn existing plans – set out in the party’s so-called missions for government over the last year and a bit – into sentences of digestible policy they can repeat over and over again over the coming months.

    Asia markets live updates: Japan GDP data shrinks

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    4 Hours Ago

    TSMC says no damage to Arizona plant after report of an explosion

    Taiwan Semiconductor Manufacturing Company said there was no damage to its facilities at its Arizona factory construction site, according to Reuters, following a report of an explosion at the plant.

    A worker at TSMC’s Arizona plant was taken to a hospital with serious injuries following an explosion, the Arizona Republic reported earlier, citing authorities.

    The Arizona Republic reported that firefighters from multiple departments responded to a hazardous materials call on Wednesday afternoon.

    The chipmaker said in a statement that none of its employees or onsite construction workers had reported any injuries, according to Reuters.

    — Shreyashi Sanyal, Reuters

    5 Hours Ago

    Tencent shares jump 4.5% after it posts fastest profit growth in 3 years

    SHANGHAI, CHINA – JULY 6, 2023 – (FILE) Visitors visit the stand of Tencent at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 6, 2023.

    Nurphoto | Nurphoto | Getty Images

    Tencent’s Hong Kong-listed shares rose 4.5% after the Chinese tech giant beat analysts’ estimates for revenue and profit in the first quarter.

    The company reported slightly better sales in its core gaming business and improved profitability in its advertising and business services division late on Tuesday.

    Revenue of 159.5 billion Chinese yuan ($22 billion) in the first quarter topped analysts’ expectations of 158.4 billion yuan. Profit attributable to shareholders came in at 41.9 billion yuan versus expectations of 36.64 billion yuan.

    The company’s adjusted net profit grew 62% year on year, the fastest growth since the March quarter of 2021, according to LSEG data.

    Markets in Hong Kong resumed trading Thursday after a holiday.  

    — Shreyashi Sanyal, Arjun Kharpal

     

    5 Hours Ago

    Chinese property shares rise after report that government plans to buy unsold homes

    Chinese property stocks rose following a report that the country was considering to buy millions of unsold homes from distressed developers in a bid to prop up its embattled property market.

    Hong Kong’s Hang Seng Mainland Properties Index climbed over 6%.

    Shares of Hong Kong-listed Logan Group gained 11.59% and Longfor Group rose 14.63%. China Vanke climbed 14.78%. Private developer CIFI Holdings jumped 25%.

    On Wednesday, Bloomberg News reported that China’s State Council was gathering feedback from government entities and several provinces on local state-owned enterprises being tasked to buy unsold homes at steep discounts using loans offered by the state banks.

    —Lee Ying Shan

    5 Hours Ago

    Australia’s seasonally adjusted unemployment rate rises 4.1% in April

    Australia’s seasonally adjusted unemployment rate rose 4.1% in April, according to data released by the Australian Bureau of Statistics.

    This was a 0.2 percentage point increase from a revised 3.9% reading in March.

    “The employment-to-population ratio remained steady at 64.0% in April, indicating that recent employment growth is broadly keeping pace with population growth. This suggests that the labour market remains tight, though less tight than late 2022 and early 2023,” Bjorn Jarvis, head of labour statistics at the Australian Bureau of Statistics said.

    — Shreyashi Sanyal

    7 Hours Ago

    Singapore Airlines posts record profit for fiscal year 2023

    Singapore Airlines posted a record operating profit of 2.73 billion Singapore dollars ($2.03 billion) for its fiscal year 2023 ending March 31, exceeding the previous record of SG$2.69 billion set last year.

    Net profit also hit a fresh record of SG$2.67 billion, 24% higher than a year ago. Full-year revenue increased 7% year on year to SG$19.01 billion.

    The carrier, named the world’s best airline in 2023 by Skytrax, said the performance was driven by higher passenger revenue, although cargo revenue declined.

    In light of the results, SIA’s board announced a dividend of 38 cents per share, which brings the total dividend for the full fiscal year to 48 cents.

    — Lim Hui Jie

    7 Hours Ago

    Japan’s first-quarter GDP contracts by a more-than-expected 2%

    People cross a street in Tokyo’s Ginza district.

    Philip Fong | Afp | Getty Images

    Japan’s economy contracted at an annualized 2% in the first quarter of 2024, according to official data.

    The GDP reading showed a deeper-than-expected contraction in the first quarter compared with a 1.5% contraction expected in a Reuters poll.

    The latest data could also likely jeopardize the Bank of Japan’s plans to raise interest rates.

    The BOJ held its benchmark policy rate unchanged at 0%-0.1% at its last monetary policy meeting on April 26, and said its monetary policy will depend on future economic conditions.

    — Shreyashi Sanyal

    8 Hours Ago

    CNBC Pro: Citi names one under-the-radar stock to buy on an AI opportunity, giving it 22% upside

    Citi recently named one under-the-radar company to buy on a “data and AI opportunity.”

    Citi noted that the company said its total addressable market has increased three times, thanks to its artificial intelligence opportunity.

    CNBC Pro subscribers can read more here.

    — Weizhen Tan

    8 Hours Ago

    CNBC Pro: India’s mid-cap stocks are in a ‘bubble’, says investor — and names the only stock he owns

    13 Hours Ago

    Best ‘Magnificent 7’ stock so far in Q2? It’s not Nvidia

    Rafael Henrique | Lightrocket | Getty Images

    The best-performing “Magnificent Seven” stock halfway through the second quarter is Google and YouTube owner Alphabet, up about 14.15%. Apple is higher by some 10.8% so far this quarter, while Nvidia is up 4.8% and Amazon by 2.4%. All four are outpacing the S&P 500, which has risen about 2.1%.

    By contrast, Microsoft (+0.6%), Tesla (-0.7%) and Meta Platforms (-1%) are all trailing the S&P 500 in the second quarter.

    The best-performing sector this quarter is the S&P 500 Utilities, up 9.9% and more than twice as much as second-ranked S&P 500 Communication Services, higher by 3.9%. S&P 500 Information Technology (+2.8%) is also outperforming the S&P 500.

    All the other eight S&P 500 sectors are lagging the entire benchmark this quarter, led by Real Estate, down 2.1%; Consumer Discretionary, off 2.0%; and Health Care, lower by 1.5%.

    — Scott Schnipper

    13 Hours Ago

    Inflation still ‘irritatingly high,’ says Bankrate’s Hamrick

    With the consumer price index showing inflation slightly eased in April, the “lack of a nasty surprise” was welcome, unlike March’s disappointingly high readings, said Mark Hamrick, senior economist at Bankrate.

    That said, interest rates will still remain higher for longer, he noted.

    “With the 3.4% year-over-year headline increase and 3.6% in the core (excluding food and energy), these remain irritatingly high,” Hamrick said. “The status of the battle against inflation requires that interest rates remain elevated in the near-term.”

    — Michelle Fox

    13 Hours Ago

    The clean energy stock rally this week was not a reaction to China tariffs, Raymond James says

    Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023.

    David Paul Morris | Bloomberg | Getty Images

    Several clean energy stocks have rallied this week, in some cases with no company-specific news, leaving some investors to question what was behind the gains.

    Pavel Molchanov, stock analyst at Raymond James, said Tuesday’s rally was not a reaction to the U.S. slapping tariffs on China. Some of the stocks that bounced have no link to tariff policy, Molchanov said.

    The bounce yesterday “was simply a meme stock rally, with the most heavily shorted stocks gaining the most,” the analyst told clients in a research note Wednesday.

    Residential solar company SunPower saw some of the strongest gains in the clean tech space, rallying 34% since the start of the week.

    “Yesterday clean tech investors got a reminder — if any were needed — of just how emotionally these stocks can move on a day-to-day basis,” Molchanov said.

    — Spencer Kimball

    US-built floating pier begins moving from Ashdod port to Gaza, defense official says

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    U.S. Central Command

    The Roll-On, Roll-Off Distribution Facility, or floating pier, is pulled by an Army tug boat during Operation Neptune Solace off the shore of Gaza on May 1, 2024. The temporary pier will assist the United States Agency for International Development in the delivery of humanitarian aid to the people of Gaza.



    CNN
     — 

    The floating pier that will allow for humanitarian aid to flow into Gaza from the sea is moving from the port of Ashdod toward Gaza, according to a US defense official.

    In addition, military ships that will construct the pier and secure it to the beach are also making their way to Gaza, the official said.

    Security concerns and sea conditions had delayed the movement of the pier for several days, but on Tuesday, Pentagon press secretary Maj. Gen. Pat Ryder said the pier should be operational “in the coming days.” The port of Ashdod is approximately 30 miles from the distribution site in Gaza where goods will be offloaded from the causeway, meaning the components of the system should be in position soon.

    The Joint Logistics Over-the-Shore (JLOTS) system consists of two parts: the floating pier where shipments will be offloaded and the causeway to transfer the shipments to the distribution point in Gaza.

    On Wednesday, the UK announced that its first shipment of humanitarian aid, including 8,400 temporary shelters, is on its way from Cyprus to Gaza. Cyprus is the staging point for the humanitarian aid that will be shipped to Gaza through the maritime corridor and the pier.

    “The aid will be distributed within Gaza as soon as feasible,” the UK said in its announcement.

    Meanwhile, US humanitarian aid is already positioned on a ship at the Ashdod port for offloading when the pier is ready, the Pentagon has said.

    The temporary pier is intended to supplement the aid going in through the land crossings into Gaza. The initial goal is to allow 90 truckloads of aid to enter Gaza each day through the pier, the UK said, a number that could increase to 150 truckloads per day when the pier is fully operational.

    Last week, CNN reported that the US still faced a number of obstacles before JLOTS could begin operations. The US was closely watching whether what it called a “limited” Israeli incursion into Rafah in southern Gaza would affect the temporary pier. In addition, the US had not yet finalized plans about who would transport the humanitarian aid shipments from the causeway to the distribution point in Gaza.

    On Monday, the Pentagon said it had contracted drivers for the pier, though it declined to identify the drivers.

    “I can just tell you it’s a third-party contractor, but that’s it,” deputy Pentagon press secretary Sabrina Singh said at a press briefing. Once the humanitarian aid arrives in Gaza, the UN World Food Program will distribute it to the Palestinian population.

    On Tuesday, Ryder said security was in place to allow JLOTS operations to begin when the pier was ready.

    “We’re confident that we’ll have the security in place that we need,” Ryder said.

    JLOTS will cost approximately $320 million to operate for the first three months, according to the Pentagon.

    Seven postal workers accused in mail theft ring at Providence post office

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    Gift cards, cash, and checks, stolen out of the mail in Southern New England.

    Federal authorities are charging seven postal workers in Providence with running a massive, long-running mail theft ring.

    Investigators don’t know how much was stolen out of the mail at the Providence Postal Processing and Distribution Center on Corliss Street, but they know hundreds was spent on personal items and they snagged a backpack full of checks worth more than $1 million.

    “It was massive,” U.S. Attorney for Rhode Island Zachary Cunha said Wednesday announcing the bust.

    The investigation goes back a year.

    “These thefts were not isolated occurrences. Surveillance conducted during the investigation showed multiple members of the conspiracy taking, setting aside and then smuggling stolen mail out of the facility on any given day,” Cunha said.

    Investigators claim the accused workers would separate out mail they suspected had money or checks, put that mail in backpacks to sneak out of the postal facility, and split it up after work.

    Authorities said the accused workers targeted greeting cards around Christmas time and took out cash and gift cards.

    As for the checks they’re accused of taking, Cunha said, “I think if you look at one backpack, one day, $1.3 million, and you extrapolate out, you can probably come up with some figures on your own.”

    The workers charged are supervisor Cyril Murray, Ryan Lee, Angel Rivera, Andre Williams, Wilie Estrella, Darren Camacho, and his cousin Fernando Camacho, who investigators said they tracked last year using stolen gifts cards at stores.

    Camacho, outside federal court in Providence following his initial appearance on the charges Wednesday afternoon, answered “no comment” to questions from the NBC 10 I-Team about the accusations.

    Six of the accused workers had court appearances Wednesday and were released on bond.

    Lee was charged earlier this month.

    NBC 10 reported the existence of the investigation in March, when local business received letters from postal inspectors stating checks meant for the businesses were found in the possession of a postal worker.

    Asked if the Providence Postal Processing Center has made any changes in the wake of the theft, Matthew Modafferi, special agent for the U.S. Postal Service Office of Inspector General, said, “From what we’ve seen, the complaints that have come in have dramatically decreased since we’ve had these individuals are no longer operating or working with the mail.”

    The accused workers had either left their jobs or were removed as the investigation unfolded.

    Cunha said everyone needs to be cautious sending valuables in the mail, advising they not send cash.

    The U.S. Postal Service said suspected mail theft can be reported by calling 1-888-USPS-OIG (1-888-877-7644), by filing a report online, or by sending an email to hotline@uspsoig,gov.

    Written complaints can be mailed to USPS OIG, Attn: OIG Hotline, 1735 North Lynn St., Arlington, VA 22209-2020.

    The TTY number is 1-866-OIG-TEXT (1-866-644-8398).

    Sen. Bob Menendez ‘put his power up for sale,’ prosecutor claims in bribery trial

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    Sen. Robert Menendez “put his power up for sale” and “betrayed the people he was supposed to serve,” a prosecutor claimed Wednesday at the start of the New Jersey Democrat’s federal bribery trial in New York.

    The defense meanwhile introduced Menendez “not as an agent of the Egyptian government” but as “an American patriot” who “took no bribes.”

    Menendez has pleaded not guilty to 16 federal charges including bribery, fraud, acting as a foreign agent and obstruction.

    Federal prosecutors in New York have alleged that he accepted hundreds of thousands of dollars in bribes in the form of cash, gold bars, mortgage payments and a luxury convertible in exchange for the senator’s political clout. Three New Jersey businessmen who were also charged, along with the governments of Egypt and Qatar, were the alleged recipients.

    “He was powerful. He was also corrupt,” prosecutor Lara Pomerantz said of the senator during her opening statement. “In the United States of America, leaders are expected to put their country first, to put the interests of the people they serve above their own. This case is about a public official who put greed first.”

    Pomerantz pointed at Menendez, who was seated at the defense table with his head turned toward the jurors.

    “This is Robert Menendez, a United States senator from New Jersey, and he was entrusted to make big decisions, including decisions that affect this country’s national security,” Pomerantz said. “Robert Menendez was a United States senator on the take, motivated by greed, focused on how much money he could put in his own pocket and in his wife’s pocket. That is why you’re here today. That is what this trial is all about.”

    His price, Pomerantz told the jury, was gold bars, envelopes stuffed with cash, checks to his wife for a no-show job and a Mercedes-Benz convertible.

    “This was not politics as usual. This was politics for profit,” Pomerantz said. “The FBI found gold bars and over $400,000 in cash in Menendez’s home, in a safe, in jacket pockets, in shoes, all over the house.”

    Pomerantz outlined the alleged corruption schemes that she said “filled Menendez’s pockets,” starting with a promise to assist the government of Egypt with military aid.

    “Menendez promised to use his power to help Egypt. And that deal, bribes for Menendez’s promise to help Egypt, lasted for years,” Pomerantz said.

    According to the indictment, the arrangement was brokered by New Jersey businessman Wael Hana, a friend of Menendez’s wife, Nadine, who prosecutors said received the senator’s help preserving a halal meat monopoly.

    “Robert Menendez was willing to corruptly use his power to help Hana and the government of Egypt in exchange for bribes. What the law calls quid pro quo,” Pomerantz said. “Sham paychecks and gold from Hana for Menendez’s promise of military aid for Egypt.”

    Menendez is also charged with receiving a $60,000 Mercedes-Benz convertible in exchange for help disrupting a case by the New Jersey Attorney General’s Office.

    “Why did Menendez agree to disrupt a criminal investigation? Because Nadine needed a car,” Pomerantz said. “Menendez would try to make the investigation go away.”

    In the spring of 2019, another New Jersey businessman, Jose Uribe, handed Nadine $15,000 in cash that prosecutors said she used as a down payment for the car. She texted Menendez, “Congratulations. We are the proud owners of a 2019 Mercedes,” according to Pomerantz. Uribe, who has pleaded guilty and agreed to cooperate, kept making the monthly payments, prosecutors said.

    Not long after Menendez allegedly agreed to use his power to intervene in a state criminal case, Pomerantz said the senator promised a third businessman, Fred Daibes, that he would interfere with Daibes’ federal prosecution and help the government of Qatar by supporting a Senate resolution praising the country.

    “What did Menendez get in exchange? Cash and gold bars,” Pomerantz said.

    She told the jury that Daibes’ fingerprints were found on the envelopes of cash found at Menendez’s home and serial numbers on the gold bars traced them to Daibes and Hana.

    At the time, the gold bars were worth $50,000 apiece, prosecutors said.

    “Did Menendez know how much they were worth? You bet,” Pomerantz said. “Menendez Googled the price of a kilogram of gold.”

    In his opening statement, defense attorney Avi Weitzman insisted “there are innocent explanations for the gold and the cash” found in the senator’s New Jersey home — hinting at a strategy to blame Menendez’s wife, who was also charged in the case.

    “The gold bars were found in a closet that is a locked closet. It is Nadine’s closet,” Weitzman said. “He did not know of the gold bars that existed in that closet.”

    Weitzman said the couple led “separate lives” and the senator’s wife had financial concerns that she kept from her husband.

    “The evidence will show that Nadine was hiding her financial challenges from Bob,” he said.

    Menendez’s wife has pleaded not guilty to her charges and will be tried separately in July due to a medical condition.

    The defense said “the government has been investigating this case for years” and came up with “not one piece” of evidence that shows the senator took a bribe.

    “He did not violate the law, period, and the allegations by the United States Attorney’s Office are wrong, dead wrong,” Weitzman said. “He did not ask for bribes. He did not get any bribes.”

    Menendez has said all of the actions in the indictment fell within the scope of his position.

    “Bob was doing his job and he was doing it right,” Weitzman said.

    Weitzman went on to compare Menendez to the bespectacled character in the “Where’s Waldo” children’s books with the blue pants, red and white striped shirt and cap always lost in a crowd.

    Weitzman displayed on a screen the signature crowded landscape from the books with cartoonish words “Where’s Bob?” and invited the jury to think of it during the trial.

    “Every time the government shows you something about Nadine, just ask yourself, ‘Where’s Bob?'” Weitzman said.

    Weitzman insisted the two led separate lives.

    “He didn’t know about the dealings Nadine had,” Weitzman said of Menendez. “You can’t just assume that Bob knows about them.”

    Weitzman showed the jury a photo of Menendez’s closet, dress shirts neatly hanging, and said no cash was found there. He said much of the cash was found in the basement of Nadine’s home and was withdrawn over 30 years.

    “I know that sounds odd,” Weitzman said. “From a young age, the senator learned the value of having cash,” which the lawyer said was the product of his upbringing by parents who fled Cuba. “These were not bills that were given as bribes.”

    The seated jury, which was selected and sworn in earlier Wednesday, includes a retired economist, an occupational therapist who likes “hanging out with my dog,” an attorney originally from Michigan and someone who “had a nephew locked up for molestation.” All pledged to be fair.

    “I’m going to ask, to the extent you feel comfortable, to minimize your news intake,” Judge Sidney Stein told prospective jurors at one point.

    Before opening statements, the judge precluded testimony from a psychiatrist the defense hoped would bolster Menendez’s claim that he stashed cash in his home as a result of a “fear of scarcity.” Menendez, the son of Cuban immigrants, has said it was part of his upbringing to keep cash lying around, but Stein said the psychiatrist’s testimony “just doesn’t stand up.”

    Menendez is the first sitting member of Congress to be charged with conspiracy by a public official to act as a foreign agent.

    The senator has maintained his innocence since his initial indictment last year.

    In March, he announced that will not seek another term as a Democrat but he left open the possibility of running in November as an independent.

    GameStop stock slides 18% as meme rally fades

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    GameStop stock (GME) tanked more than 18% Wednesday as a rally among meme names showed signs of fading. Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained more than 180% over the prior two sessions amid numerous halts for volatility.

    AMC (AMC) also fell 20% Wednesday after shares of the theater chain operator had climbed 95% in the past two days.

    Other heavily shorted stocks that dropped Wednesday included SunPower (SPWR), Beyond Meat (BYND), and the Children’s Place (PLCE).

    GameStop shares surged Monday after the reemergence of Keith Gill, also known as “Roaring Kitty,” whose bull case on GameStop ignited the meme stock rally back in 2021.

    In a note to clients, Nicholas Colas, co-founder at DataTrek Research, wrote this recent trading action “feels like an echo of early 2021, when this account helped fuel a vicious short squeeze in GameStop.”

    Colas noted that the move back in 2021 was quite a bit larger than we’ve seen so far this time around, with GameStop stock rising 1,500% in January 2021 before forfeiting most of those gains.

    The pain short sellers endured during the original meme stock rally three years ago didn’t deter bets against these companies in recent days.

    Keith Gill, known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, on Feb. 18, 2021. (House Financial Services Committee via AP, File) (ASSOCIATED PRESS)

    Short interest in GameStop remained elevated since that meme rally, data from S3 Partners showed, with almost 24% of the float.

    GameStop shorts were down $1.36 billion on Tuesday after losing almost $900 million on Monday.

    “We are seeing continued squeeze related short covering due to the rebirth of the meme trade,” said Ihor Dusaniwsky, managing director of S3 Partners.

    On Tuesday, Wall Street strategists warned the fresh burst of enthusiasm is far from the madness of three years ago, with “low” chances of a 2021 repeat.

    GameStop stock tumbled on Wednesday, indicating the rally in meme names is fading. (AP Photo/John Minchillo, File)

    GameStop stock tumbled on Wednesday, indicating the rally in meme names is fading. (AP Photo/John Minchillo, File) (ASSOCIATED PRESS)

    The meme frenzy three years ago garnered national attention, attracting an army of retail traders during the pandemic lockdowns.

    “I don’t look at this at all like I did in 2021 when it was almost a transformational moment, dragging, you know, tens of millions of people back into the marketplace,” said Tom Sosnoff, CEO of tastylive, an options and futures trading platform.

    On Tuesday, YouTuber Matt Kohrs, who has held positions in GameStop and AMC in the past, said the pivotal aspect of “the little guy versus the big guy” during the short squeezes of 2021 holds true today.

    “The perception is that the entire system is set up and insulated to benefit the powerful elite. GME is the symbol of the populist movement against that concept,” said Kohrs.

    “The only true change I see from a psychology standpoint is not being locked inside anymore,” he added.

    Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre.

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    Slovakian Prime Minister Robert Fico shot and is fighting for his life

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    BANSKA BYSTRICA, Slovakia (AP) — Slovakia’s populist prime minister, Robert Fico, was shot multiple times and gravely wounded Wednesday while greeting supporters at a event in an attempted assassination that shocked the small country and reverberated across Europe weeks before an election.

    Doctors were still fighting for his life several hours after the pro-Russian leader, 59, was hit in the abdomen, Defense Minister Robert Kalina told reporters at the hospital where Fico was being treated for his wounds.

    He said an operation on Fico was not yet complete and described his condition as “extraordinarily serious.”

    Five shots were fired outside a cultural center in the town of Handlova, nearly 140 kilometers (85 miles) northeast of the capital, government officials said. Fico was shot while attending a meeting of his government in the town of 16,000 that was once a center of coal mining.

    A suspect was in custody, and an initial investigation found “a clear political motivation” behind the assassination attempt, Interior Minister Matus Sutaj Estok said as he briefed reporters alongside the defense minister.

    “There’s no doubt about it,” Kalinak added.

    Fico has long been a divisive figure in Slovakia and beyond, but his return to power last year on a pro-Russian, anti-American message led to even greater worries among fellow European Union members that he would lead his country further from the Western mainstream.

    His government halted arms deliveries to Ukraine, and critics worry that he will lead Slovakia — a nation of 5.4 million that belongs to NATO — to abandon its pro-Western course and follow in the footsteps of Hungary under populist Prime Minister Viktor Orbán.

    Thousands have repeatedly rallied in the capital and across Slovakia to protest Fico’s policies.

    A message posted to Fico’s Facebook account said he was taken to a hospital in Banská Bystrica, 29 kilometers (17 miles) from Handlova, because it would take too long to get to the capital, Bratislava.

    The attack comes as political campaigning heats up three weeks ahead of Europe-wide elections to choose lawmakers for the European Parliament. Concern is mounting that populist and nationalists similar to Fico could make gains in the 27-member bloc.

    “A physical attack on the prime minister is, first of all, an attack on a person, but it is also an attack on democracy,” outgoing President Zuzana Caputova, a political rival of Fico, said in a televised statement. “Any violence is unacceptable. The hateful rhetoric we’ve been witnessing in society leads to hateful actions. Please, let’s stop it.”

    President-elect Peter Pellegrini, an ally of Fico, called the shooting “an unprecedented threat to Slovak democracy. If we express other political opinions with pistols in squares, and not in polling stations, we are jeopardizing everything that we have built together over 31 years of Slovak sovereignty.”

    The recent elections that brought Fico and allies to power have underlined deep social divisions.

    Gábor Czímer, a political journalist at Slovakian news outlet Ujszo.com, said the results showed that “Slovak society was strongly split into two camps” — one that was friendly toward Russia and another that pushed for stronger connections with the European Union and the West.

    “At the same time, I couldn’t imagine that it would lead to physical violence,” Czímer said.

    U.S. President Joe Biden said he was alarmed. “We condemn this horrific act of violence,” he said in a statement.

    NATO Secretary-General Jens Stoltenberg posted on the social media platform X that he was “shocked and appalled” by the attempt on Fico’s life, while European Commission President Ursula von der Leyen called it a “vile attack.”

    Ukrainian President Volodymyr Zelenskyy denounced the violence against a neighboring country’s head of government.

    “Every effort should be made to ensure that violence does not become the norm in any country, form or sphere,” he said.

    Fico, who is in his fourth term, and his leftist Smer, or Direction, party won Slovakia’s Sept. 30 parliamentary elections.

    But politics as usual were put aside as the nation faced the shock of the attempt on Fico’s life.

    Slovakia’s Parliament was adjourned until further notice. The major opposition parties, Progressive Slovakia and Freedom and Solidarity, canceled a planned protest against a controversial government plan to overhaul public broadcasting that they say would give the government full control of public radio and television.

    Progressive Slovakia leader Michal Simecka called on all politicians “to refrain from any expressions and steps which could contribute to further increasing the tension,” Simecka said.

    Czech Prime Minister Petr Fiala wished the premier a swift recovery. “We cannot tolerate violence, there’s no place for it in society.”

    The Czech Republic and Slovakia formed Czechoslovakia until 1992.

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    Janicek reported from Prague.

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    This version corrects that Fico is serving his fourth term as prime minister, not his third.