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Binance is backing out of its plans to acquire FTX, the company said Wednesday.The reversal comes one day after Zhao announced that Binance, the world’s largest cryptocurrency firm, had reached a non-binding deal with Sam Bankman-Fried’s FTX to buy the exchange’s non-U.S. businesses for an undisclosed amount, rescuing the company from a liquidity crisis. Earlier this year, FTX was valued at $32 billion by private investors. Here’s the company’s

November 9, 2022

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Meta Platforms Inc. said it would cut more than 11,000 workers, or 13% of staff, embarking on its first broad restructuring as it copes with a slumping digital-ad market and plunging stock price. The layoffs add to a wave of job cuts that are roiling Silicon Valley, where tech giants that added employees by the tens of thousands through the pandemic are now retrenching.In a message to staff on Wednesday morning, Chief Executive Mark Zuckerberg said

November 9, 2022

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Crypto exchange Binance is likely to walk away from a deal to buy collapsing competitor FTX following a review of the company’s structure and books, a person familiar with the matter said. Binance, whose purchase of FTX hinged on conducting due diligence first, was taken aback by a big hole it found in FTX’s finances, according to the person. Binance was also surprised to find out that the company had fewer than 400 employees when it has a work

November 9, 2022

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Condé Nast, the publisher of Vogue magazine, has filed a lawsuit against rappers Drake and 21 Savage for using a fake Vogue cover used to promote their new album, Her Loss.In a 30-page lawsuit filed on Monday, Condé Nast argues that the “widespread promotional campaign” launched by the rappers for their latest album is “built entirely” on the use of Vogue’s trademarks — giving the false premise that the two artists would be featured in an issue of

November 9, 2022

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The Georgia Senate race is headed to a runoff, NBC News projected Wednesday, with neither Democratic Sen. Raphael Warnock nor Republican challenger Herschel Walker topping the necessary 50% required under state law to win on the first ballot.The runoff will take place on Dec. 6, according to the Georgia secretary of state’s office. Both campaigns were bracing for this Tuesday night as the results came in and showed a close contest

November 9, 2022

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Google is bringing its VPN access to desktops today. Google One subscribers on Premium plans (2TB or higher) can now download VPN apps for Windows and macOS, allowing users in 22 countries to mask their IPs on desktop and reduce online trackers. While Google is expanding its VPN service, it still comes with the same restrictions as Android and iOS. You’ll only be able to use the service in one of the supported countries, and you won’t be able to use

November 9, 2022

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Tom Brady and Gisele Bundchen struck an equity deal with FTX last year – Tom Brady’s difficult 2022 has gotten worse, as the Bucs star and his ex-wife Gisele Bundchen have been caught up in the crash of cryptocurrency exchange FTX.FTX saw more than $ 6 billion in withdrawals in the 72 hours leading up to Tuesday, and the market value of the exchange crashed by 70 percent this week as concerns about its financial health mounted. The company’s

November 9, 2022

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Dan McCafferty, the lead vocalist and founding member of the Scottish rock band Nazareth, has died aged 76.“This is the saddest announcement I ever had to make,” McCafferty’s heartbroken bandmate Pete Agnew wrote on Instagram.“Maryann McCafferty’s wife and the family have lost a wonderful loving husband and father, I have lost my best friend and the world has lost one of the greatest singers who ever lived. Too upset to say anything more

November 9, 2022

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Kremlin announced that Russian forces were withdrawing from Kherson, a key city in southern Ukraine — the latest in a series of embarrassing military setbacks.In televised comments, Defense Minister Sergei Shoigu said he was ordering the withdrawal of troops across the Dnieper River, according to Reuters. Gen. Sergei Surovikin, the overall commander of Russian forces in Ukraine, said he proposed to take up defensive lines on the eastern bank of the

November 9, 2022

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The Supreme Court on Tuesday weighed whether to limit where companies can be sued, in a case that tests the reach of state courts to hear cases about injuries suffered outside their boundaries.Businesses must register to operate in Pennsylvania, and a state statute deems that registration as consent to the jurisdiction of Pennsylvania courts over claims involving the company, even if the plaintiff resides elsewhere and the injuries

November 9, 2022

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James Roesener has just become the first out trans man to win election to a state legislature in U.S. history, according to the LGBTQ Victory Fund — a political action committee dedicated to increasing the number of openly LGBTQ public officials in the U.S.Roesener won the race for New Hampshire’s 22nd state House District, Ward 8, the group said. The 26-year-old Democrat, who identifies as bisexual and lives in Concord

November 9, 2022

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Virginia Giuffre drops lawsuit against Alan Dershowitz -Virginia Giuffre, who had previously accused former Harvard law professor Alan Dershowitz of sexually assaulting her when she was a teenager under the control of sex trafficker Jeffrey Epstein, on Tuesday dropped a defamation lawsuit against Dershowitz.Dershowitz, who had called Giuffre’s allegations lies in a countersuit, agreed to drop

November 9, 2022

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Donald Trump has warned his party rival Ron DeSantis not to run for president in 2024 and threatened to reveal information about him if he does. Speaking to reporters on his plane on Monday night, Trump said: “I think if he runs he could hurt himself very badly. I think the base would not like it – I don’t think it would be good for the party.”The former US president also warned that he would tell reporters “things” about the Florida

November 9, 2022

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Carly Morris a 34-year-old American woman has been detained in Saudi Arabia after she posted on Twitter that she and her young daughter had been lured to the kingdom and trapped there since 2019.Carly Morris told relatives three years ago that she was planning to travel to Saudi Arabia for a brief period so that her eight-year-old daughter could meet her paternal grandfather. However, Morris then became locked in

November 9, 2022

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Nicole to strike Florida’s east coast as a hurricane AccuWeather meteorologists Just over a month after Hurricane Ian’s devastation in Florida, the state is again bracing for landfall from a hurricane — this time for an unusual November strike that prompted a hurricane warning along the central part of Florida’s east coast Tuesday. Tropical Storm Nicole was strengthening as it swirled across the western

November 9, 2022

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Massachusetts elected the United States’ first openly lesbian governor on Tuesday night when Harvard-educated Maura Healey beat out a Trump-backed Republican to become the state’s first female governor.The 51-year-old Democrat flipped the seat from its Republican rule for eight years, comfortably defeating Geoff Diehl, who has repeated the former president’s claims that

November 9, 2022

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Florida Democrat Maxwell Alejandro Frost, a part-time Uber driver, has become the first Gen Z member of Congress to win a seat for Congress.The 25-year-old gun reform and social justice activist defeated Republican Calvin Wimbish in a heavily blue Orlando-area district.Frost will take over for Democratic Rep. Val Demings, who vacated the seat to challenge Republican Sen. Marco Rubio

November 9, 2022

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Five out of six school board members endorsed by Gov. Ron DeSantis won their runoffs Tuesday, results that deliver the Republican governor a total of 24 wins out of 30 local education candidates he backed this year.Led by DeSantis, the GOP in Florida — and Democrats to a lesser extent — pumped thousands of dollars into campaign donations and offered up political endorsements during the

November 9, 2022

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Georgia Republican Gov. Brian Kemp wins re-election, defeating Stacey Abrams – Georgia Republican Gov. Brian Kemp wins re-election, NBC News projects, fending off a challenge from Stacey Abrams.Because Kemp, who defeated Abrams in 2018, is expected to win more than 50% of the vote, there will not be a runoff.The race had been seen as one of the marquee governor matchups in

November 9, 2022

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Florida Gov. Ron DeSantis won a decisive victory over his Democratic rival Charlie Crist -Florida Governor Ron DeSantis won reelection on Tuesday night, with a commanding double-digit victory over Charlie Crist in the latest sign that the state has swung further to the right. Voting finished at 7 pm, and such was the margin of victory – at least 17 points – that the Associated Press called the race in a

November 9, 2022

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New York Gov. Kathy Hochul won a full term on Tuesday night despite a surprisingly strong race run by longshot Republican challenger Lee Zeldin— who refused to concede the election.Hochul’s victory was first called by NBC News just after 11 p.m., and she gave a triumphal speech to a crowd of supporters in Manhattan a short time later.“Tonight you made your voices heard loud and clear,”

November 9, 2022

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J.D. Vance wins Ohio Senate race, defeating Democrat Tim Ryan- J.D. Vance, the “Hillbilly Elegy” author who was a searing Donald Trump critic before he converted into one of his most loyal allies, has defeated Democratic Rep. Tim Ryan in Ohio’s Senate race, NBC News projects.Vance will succeed fellow Republican Rob Portman, who did not seek re-election. Unlike Portman,

November 9, 2022

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Brittney Griner is in the process of being transferred to a Russian penal colony — a move her family has dreaded since Griner’s August conviction on drug charges — but her lawyers don’t know where she is or where she’s heading, her Russian legal team announced early Wednesday in Moscow.The transfer began Friday, her lawyers said, a day after U.S. embassy officials visited her and far ahead

November 9, 2022

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Republican Sen. Marco Rubio cruised to victory Tuesday night, securing his third term amid a statewide Democratic collapse, NBC News projects. Rubio was vastly outspent by Democratic Rep. Val Demings, but his victory came as little surprise to political observers from both parties, who point to the tough headwinds Democrats faced, Florida’s

November 9, 2022

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Texas Republican Gov. Greg Abbott has won re-election to a third term, NBC News projects, soundly defeating a challenge from Democrat Beto O’Rourke. At one point, early in the cycle, pundits had regarded the contest as one of the more interesting matchups in the country, with O’Rourke brandishing much of the same gusto he employed four years ago, when he

November 9, 2022

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Gov. Gretchen Whitmer defeated Republican challenger Tudor Dixon on Tuesday, securing her bid for re-election and keeping a Democrat atop the critical swing state, NBC News projects. Whitmer, who gained a national following during the early days of the pandemic and is viewed as a future contender for higher office, had been seen as a top target for

November 9, 2022

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John Fetterman wins Pa. Senate race, defeating Mehmet Oz -John Fetterman, the state lieutenant governor, has won Pennsylvania’s high-voltage race for an open Senate seat, defeating celebrity TV doctor Mehmet Oz, bringing an end to one of the nastiest and most expensive campaigns of the year as both parties treated it as a potential tipping point for control

November 9, 2022

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Nicole on Tuesday was upgraded to a tropical storm and is expected to strengthen, prompting a hurricane warning for parts of east central Florida and the southeast coast, according to the National Hurricane Center.The tropical storm is about 460 miles east of West Palm Beach, Florida, with maximum sustained winds of 50 mph, and moving west at 9 mph.

November 8, 2022

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U.S. real-estate developers are delaying major office projects already underway or in the planning stages, discouraged by high vacancy rates and the reduction in workspace demand resulting from remote work. Some property developers view periods of economic uncertainty and weak office demand as good times to launch new projects. Because large-scale

November 8, 2022

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Midterms Live Updates: NYT – Races Teeter on a Razor’s Edge Across the Country, Closely fought contests across the country will determine the balance of power in Congress, state legislatures and governorships. . Control of Congress hanging in the balance. A potentially consequential election hurtled toward its conclusion on Tuesday as voters

November 8, 2022

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A single Powerball ticket sold in California has claimed the largest jackpot in American history. Hours after the Powerball numbers were expected to be drawn, the winning numbers for the historic $2.04 billion jackpot were announced Tuesday morning.The lucky ticket was sold at Joe’s Service Center in Altadena, according to the California lottery. The winning

November 8, 2022

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Crypto exchange Binance said Tuesday it signed a letter of intent to acquire rival FTX Trading, which it said was facing a liquidity crunch.FTX said it agreed to a strategic transaction with Binance, pending due diligence.The deal comes after a clash between the heads of the two firms came to a head in recent days and spurred a significant selloff in

November 8, 2022

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The cryptocurrency market fell on Tuesday amid rumors of insolvency at crypto exchange FTX and worries about the financial conditions of its sister company Alameda Research. Bitcoin and ether were lower by 6% and 8% respectively, according to Coin Metrics. Crypto assets tied to Alameda, the trading company, also owned by billionaire Sam Bankman-Fried

November 8, 2022

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A federal judge has denied Theranos, Elizabeth Holmes’ request for a new trial, setting the stage for her sentencing on fraud charges later this month.U.S. District Court Judge Edward Davila issued a ruling late Monday stating Holmes failed to establish that government misconduct had occurred during her trial.Davila delayed Holmes’

November 8, 2022

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Ukrainian President Volodymyr Zelensky said he was open to negotiations with Russia if they are focused on safeguarding Ukraine’s territorial integrity, compensating Kyiv, and bringing to justice perpetrators of war crimes. Speaking ahead of his address to a global climate summit in Egypt on Tuesday, Mr. Zelensky said late Monday: “Anyone who treats the

November 8, 2022

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The winning numbers are 10, 33, 41, 47, 56 and Powerball of 10.- An estimated $2.04 billion is up for grabs in Powerball’s latest jackpot as a delayed drawing occurred Tuesday morning.”Powerball has strict security requirements that must be met by all 48 lotteries before a drawing can occur,” Powerball said in a statement. “When the required security

November 8, 2022

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Police in northeastern China said that seven people have been arrested following a clash between residents and authorities enforcing Covid-19 quarantine restrictions.The violence comes as China reports new cases nationwide, with 2,230 cases reported Tuesday in the southern manufacturing hub of Guangzhou. China has relentlessly pursued its strict

November 8, 2022

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In the four months since the Supreme Court overturned Roe v. Wade, 13 states have banned abortion starting at conception. Another state, Georgia, prohibits the procedure around six weeks of pregnancy. And access to abortion remains legal but in limbo in eight states: Indiana, Iowa, Michigan, North Dakota, Ohio, South Carolina, Utah, and Wyoming

November 8, 2022

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It’s Election Day – Latest Developments, Analysis, and Results -Control of the House of Representatives, Senate, governors’ mansions, and state legislatures hang in the balance. Republicans are seen by nonpartisan analysts as the favorites to take the House majority Tuesday. Senate control remains a toss-up, but polls show GOP candidates have made gains

November 8, 2022

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The Washington Post has identified at least nine states in which the outcome of key midterm races has the potential to directly affect abortion laws, with many voters getting their first opportunity to cast ballots since the Supreme Court struck down Roe v. Wade in June. These races include contests for governor and attorney general as well as

November 8, 2022

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Control of Congress is at stake Tuesday as voters head to the polls at the close of a tumultuous midterm season in which Democrats and Republicans have clashed over the economy, abortion, crime and other salient issues. Republicans are confident they will pick up the five seats they need to flip control of the House, while a handful of fiercely

November 8, 2022

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A hurricane watch was issued along the eastern coast of Florida – Nicole – A hurricane watch was issued along the eastern coast of Florida on Monday as Subtropical Storm Nicole churned across the Atlantic and showed signs of further strengthening as it tracked toward the storm-weary state. AccuWeather meteorologists expect this sprawling storm to take a turn

November 8, 2022

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Christopher Monzon – Canvasser for Sen. Marco Rubio, testified during a court hearing Monday in Miami -Florida defense lawyer is seeking to undercut allegations by a Republican canvasser that he was the target of a political attack, arguing that the accuser acted aggressively during last month’s confrontation. Christopher Monzon testified

November 8, 2022

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The drawing for Monday night’s record $1.9 billion Powerball jackpot has been delayed, as more time is needed to carry out security procedures, the California Lottery announced.”When the required security protocols are complete, the drawing will be performed under the supervision of lottery security officials and independent auditors,” the state

November 8, 2022

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Election Day, GOP activists and candidates set the stage to claim elections they lose are stolen Imagine – this mused Abe Hamadeh the Republican candidate for state attorney general, on Twitter last week: 1940’s-era election officials were able to count all U.S. ballots on election night. So why, he implied, can’t Arizona’s modern-day election tabulators do

November 8, 2022

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Members of far-right social media sites Gab, Gettr, and Truth Social who believe fraud was committed in the 2020 election have stated they intend to serve as official poll workers in their jurisdictions on Tuesday, according to a new report. The report from Advance Democracy Inc. found examples of users on sites Truth Social — the social media site owned by

November 8, 2022

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One of the most commonly used antibiotics in the country, amoxicillin, is in short supply, federal health officials say. The notice from the Food and Drug Administration about an oral solution of the drug comes as pharmacy owners report diminished inventory of the medication, which is prescribed to treat bacterial infections, including pneumonia

November 8, 2022

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The cleaning fees that customers of Airbnb Inc. have long complained about will soon become more apparent early in searches for lodging, the company says.Starting in December, on an undetermined date, the company will allow guests to filter their search results by the total cost of the stay before taxes, Chief Executive Brian Chesky said on Sunday

November 7, 2022

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The chief financial officer of Tyson Foods and son of the company’s chairman was arrested in Arkansas over the weekend after he entered a random woman’s home while intoxicated and fell asleep in her bed, according to police. John R. Tyson, 32, was found asleep at the home in the 400 block of North Mock Ave. in Fayetteville on Sunday

November 7, 2022

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A hurricane watch was issued along the eastern coast of Florida on Monday as Subtropical Storm Nicole churned across the Atlantic and showed signs of further strengthening as it tracked toward the storm-weary state. AccuWeather meteorologists expect this sprawling storm to take a turn and hit Florida’s east coast — as a hurricane — later this week

November 7, 2022

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The US is seeking the forfeiture of more than $1 billion in bitcoin stolen from the Silk Road online marketplace, federal prosecutors in Manhattan said on Monday.In the second largest seizure in Department of Justice history, Internal Revenue Service agents obtained the 50,000 bitcoin during a November 2021 search of the defendant James Zhong’s home in

November 7, 2022

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Justice Ketanji Brown Jackson on Monday wrote her first opinion since taking office over the summer, objecting to the Supreme Court’s decision not to side with an Ohio death row inmate’s claim. Jackson, joined by fellow liberal Justice Sonia Sotomayor, said the court should have ruled for Davel Chinn, who was convicted of a 1989 murder in Dayton, Ohio,

November 7, 2022

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The Supreme Court on Monday declined over the objection of two justices to decide whether defendants facing serious criminal charges are legally entitled to a 12-person jury, rejecting an appeal from an Arizona man convicted of fraud by a jury of just eight people.The decision not to take up the appeal brought by defendant Ramin Khorrami

November 7, 2022

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Even in a midterm marked by misinformation, conspiracy theories and false or misleading attacks, nobody does it like Donald Trump.The former president, in a burst of campaigning for Republican candidates while he readies his own third bid for the White House, is honing a stump speech based around juxtaposing current conditions with those during his

November 7, 2022

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