Bukayo Saka undergoes surgery on hamstring injury, out for 'more than two months' - Mikel ArtetaGUANGZHOU, China, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ: HPH) (“HPH” or the “Company”), today announced that Mr. Youjie Kong has decided to resign from the Board as director due to personal reasons, effective from November 25, 2024. The resignation of Mr. Kong did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Company takes this opportunity to express its appreciation to Mr. Kong for his dedicated service to the Company. About HPH Founded in 2010 and formerly known as Puyi Inc., we have evolved with a vision to become a leading provider of intelligent technology-driven family and enterprise services. Our mission is to enhance the quality of life for families worldwide by leveraging two primary driving forces: technological intelligence and capital investments. We are dedicated to investing in high-quality enterprises with global potential, focusing on areas such as asset allocation, education and study tours, healthcare and elderly care, and family governance. We currently hold controlling interests in two leading financial service providers in China. The first is AIX Inc., a technology-driven independent financial service platform traded on the Nasdaq. The second is Puyi Fund Distribution Co., Ltd., an independent wealth management service provider. Highest Performances Holdings Inc., formerly known as Puyi Inc., was renamed on March 13, 2024 to reflect its strategic transformation. Forward-looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When HPH uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from HPH’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: HPH’s ability to obtain proceeds from the Agreement; HPH’s goals and strategies; HPH’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the third-party wealth management industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets HPH serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by HPH with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in HPH’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov . HPH undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Highest Performances Holdings Inc.
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Dallas Cowboys star guard Zack Martin is doubtful for Sunday's game against the Washington Commanders due to ankle and shoulder injuries. Martin didn't practice at all this week. He also physically struggled during Monday night's loss to the Houston Texas. Martin, who turned 34 on Wednesday, has started all 162 games played in 11 seasons with the Cowboys. He's a nine-time Pro Bowl selection and a seven-time first-team All-Pro. Tight end Jake Ferguson (concussion) and safety Markquese Bell (shoulder) have been ruled out. Neither player practiced this week after being hurt against the Texans. Cornerback DaRon Bland (foot) practiced in full this week and will make his season debut. He was injured in August. Star wideout CeeDee Lamb (back/foot) was a full practice participant on Friday and is good to go. Cornerback Trevon Diggs (groin/knee) and receiver Brandin Cooks (knee) are among six players listed as questionable. The others are offensive tackle Chuma Edoga (toe), guard Tyler Smith (ankle/knee), defensive end Marshawn Kneeland (knee) and linebacker Nick Vigil (foot). --Field Level Media
In the weeks leading up to Donald Trump 's second term, it appears that Vice President-elect JD Vance is nowhere in sight. Instead, Elon Musk – the world's richest person and largest single donor to the Trump re-election campaign – is by Trump’s side at every turn. The pair have been keeping busy since the election. They’ve flown together on Trump’s private Boeing 757, nicknamed Trump Force One. The president-elect attended Musk’s SpaceX launch in Texas. And the X owner joined Trump for Thanksgiving at Mar-a-Lago , even appearing in a family photo. But Musk’s role isn’t limited to “first buddy.” As a member of his inner circle, major donor, and co-leader of the new Department of Government Efficiency , Musk’s role as enforcer and influencer for Trump is starting to take shape. Musk takes on Capitol Hill Musk made the rounds on Capitol Hill last week on behalf of his new boss, aggressively pitching ways the federal government can reduce its spending through the Department of Government Efficiency, or DOGE, a nod to the Dogecoin cryptocurrency that Musk promotes. Musk and fellow businessman Vivek Ramaswamy held a private meeting with Republican lawmakers to discuss ways they can slash government spending through DOGE. The task force will also be responsible for finding ways to fire federal workers, cut social programs, and slash federal regulations. Their visit to Capitol Hill also came with a warning to lawmakers – join Trump in making cuts or pay the price. Congresswoman Marjorie Taylor Greene, who is leading the House working group for DOGE, told reporters after the meeting that Musk and Ramaswamy said they will have a “naughty and nice list” of lawmakers who support or vote against the spending cuts. Power of the purse Musk’s rise to prominence within the Trump campaign and the incoming administration was likely boosted by the amount of money he spent during the election. According to documents filed with the Federal Election Commission, Musk spent at least $277 million in political contributions to support Trump and other Republicans, making him the single largest donor of the 2024 election. Nearly $239 million of that total went directly to Musk’s personal super PAC, America PAC , which he quietly established in the spring. He used the PAC to spend $154.5 million on digital ads and get-out-the-vote efforts to support Trump and oppose Vice President Kamala Harris. The billionaire also donated another $20 million to a group that claimed Trump wouldn’t sign a national abortion ban, comparing him to late Supreme Court Justice Ruth Bader Ginsburg. Musk said he plans to continue to fund and operate his super PAC, potentially using it to challenge Republican lawmakers during the midterms who don’t follow Trump’s agenda. Will Musk’s influence last? It’s hard to say. Trump previously joked that he “can’t get Musk out of Mar-a-Lago.” And NBC News reported that Musk’s constant presence is starting to strain longtime Trump advisors. But for now, as Musk joins in on phone calls with world leaders and travels abroad with the president-elect, it appears the billionaire will maintain his outsized role. Melissa Cruz is an elections reporting fellow who focuses on voter access issues for the USA TODAY Network. You can reach her at mcruz@gannett.com or on X, formerly Twitter, at @MelissaWrites22.
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By HALELUYA HADERO, Associated Press President-elect Donald Trump asked the Supreme Court on Friday to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue. The request came as TikTok and the Biden administration filed opposing briefs to the court, in which the company argued the court should strike down a law that could ban the platform by Jan. 19 while the government emphasized its position that the statute is needed to eliminate a national security risk. “President Trump takes no position on the underlying merits of this dispute. Instead, he respectfully requests that the Court consider staying the Act’s deadline for divestment of January 19, 2025, while it considers the merits of this case,” said Trump’s amicus brief, which supported neither party in the case. The filings come ahead of oral arguments scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. Earlier this month, a panel of three federal judges on the U.S. Court of Appeals for the District of Columbia Circuit unanimously upheld the statute , leading TikTok to appeal the case to the Supreme Court. The brief from Trump said he opposes banning TikTok at this junction and “seeks the ability to resolve the issues at hand through political means once he takes office.”
America's wealthiest billionaires have witnessed an extraordinary year in 2024, with their fortunes far outpacing the 3% growth of the U.S. economy. What Happened: Surging markets, fueled by advancements in technology and artificial intelligence, have propelled their wealth to unprecedented levels. According to the report by The Daily Beast, these top 10 billionaires amassed gains nearly equivalent to the U.S. government's annual defense budget of $850 billion. 10. Michael Dell : $14 Billion The founder of Dell Technologies DELL saw a 55% surge in his company's stock this year, thanks to its transformation into an infrastructure powerhouse for the AI age. Dell owns approximately half of the company, contributing significantly to his fortune. 9. Larry Page and Sergey Brin : $19–20 Billion The Alphabet GOOGL founders benefited from the company's $650 billion valuation increase in 2024. Despite stepping back from operations, they retain control through super-voting shares, owning just over 3% each of the tech giant. 8. Steve Ballmer : $20 Billion The former Microsoft MSFT CEO continues to profit from the company's revival under Satya Nadella. Ballmer owns 4.5% of Microsoft, which has funded ventures such as a new stadium for the LA Clippers, the NBA team he owns. 7. Warren Buffett : $29 Billion Through Berkshire Hathaway BRK , Buffett continues to outperform the market. The company's value rose 28% this year, helping Buffett build his cash reserves to an impressive $325 million, or 30% of Berkshire's valuation. 6. Jeff Bezos : $63 Billion Bezos, the founder of Amazon AMZN , saw his wealth soar by over $1 billion weekly as Amazon stock rebounded. Bezos retains nearly 9% of the company, funding projects like Blue Origin through periodic stock sales. Also Read: From Steve Ballmer To Jamie Dimon, Meet The Billionaires Who Amassed Their Wealth Without Founding A Company 5. Jensen Huang : $72 Billion The founder of Nvidia NVDA reaped immense gains as the company became the darling of the AI revolution. Nvidia's value more than doubled in 2024, with Huang's 3.8% stake driving his fortune. 4. Larry Ellison : $73 Billion The Oracle founder's fortune grew alongside the company's role as a key player in cloud computing. Ellison owns 43% of Oracle, benefiting significantly from the AI-driven surge in enterprise demand. 3. Mark Zuckerberg : $82 Billion Zuckerberg's Meta META saw its value rise more than sixfold since late 2022, thanks to strong margins and AI developments like the Llama open-source model. His 13.5% stake in Meta underpins his staggering gains. 2. The Waltons : $148 Billion America's richest family, heirs to Walmart WMT , collectively control the fortune built by Sam Walton. Their wealth solidifies Walmart's status as one of the largest employers in the country. 1. Elon Musk : $252 Billion The Tesla TSLA and SpaceX founder tops the list with his fortune growing by nearly $5 billion weekly. Musk's ventures, including Neuralink, the Boring Company, and his federal government initiatives, further cement his status as the most influential figure in business. Read Next Billionaires’ Paradise: New York Tops The List Of 16 Cities Housing The World’s Richest This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
House Republicans say the Biden administration buried a 2023 analysis that cautioned against imposing its January 2024 pause in processing new liquified natural gas (LNG) export permits and continues to dodge congressional requests to provide documents that justified the decision. “Reports indicate that before the ban, the White House met with activists and TikTok influencers—I’m not making that up—who were adamant the administration take radical steps to address climate change and eliminate fossil fuels,” said the subcommittee’s chair, Rep. Pat Fallon (R-Texas). Despite a year of committees requesting documents relevant to the pause with little success, Fallon said it was upsetting to learn through a nonprofit’s Freedom of Information Act (FOIA) request that 97 documents totaling 4,354 pages of LNG analyses were not provided by DOE in response to queries. “As it turns out, there may have already been a 2023 study in existence that the department kept under wraps and is still fighting to withhold,” Fallon said. “It appears possible that when the information ... did not fit the narrative pushed by the White House, that information was buried in an attempt to clear the way for a more politically favorable analysis.” Assistant U.S. Secretary of Energy for Fossil Energy and Carbon Management Brad Crabtree denied knowledge of any such study. “I’ve not been presented with the document, so I’m not aware of what you’re referring to,” he said, noting that if it exists, it is among many studies that prompted the pause. Under the Natural Gas Act, DOE must review applications to export LNG to ensure they are “consistent with the public interest,” primarily if exports would raise domestic prices and cause environmental damage. DOE last conducted such a study in 2018. Regardless of the study, the permit pause is set to be lifted on Jan. 20, 2025, after President-elect Donald Trump is sworn in. Repealing the pause is among a flurry of “Day One” executive orders he vows to issue. Crabtree confirmed the report would be published in “mid-December” and would include a 60-day comment period. House Republicans maintain that the Biden administration has never been transparent about the data it used to justify the pause. The nonpartisan nonprofit says that to support the permit freeze, the administration tossed analyses by DOE’s National Energy Technology Lab and the U.S. Energy Information Administration and, instead, relied on a 2023 study that was not peer-reviewed and has since been rebuffed. “The work of Dr. Howarth played no role in the decision,” Crabtree said. “Our methodology is fundamentally different from that of Mr. Howarth.” GAO’s FOIA seeks “any LNG export study transmitted by the National Energy Technology Lab to DOE’s Office of Fossil Energy and Carbon Management between Jan. 1, 2023 and Oct. 31, 2023.” DOE, however, “has unilaterally reinterpreted” what documents GAO is seeking “as applying only to records [DOE] asserts are ‘final’ or ‘ready for release’ for the public’s view,” it maintains. Reps. Russell Fry (R-S.C.), August Pfluger (R-Texas), Scott Perry (R-Pa.), Lauren Boebert (R-Colo.), and Clay Higgins (R-La.) interrogated Crabtree about the undisclosed documents and why DOE is not releasing them. “It is my understanding our team that works on document production has been in cooperative engagement with the committee,” Crabtree said, adding “four document distributions” fostered by GAO’s FOIA have been released and “the next one, I understand, is planned for Friday.” He said 2,000 pages had been made public since September but that he’s “not part of the process” “So I can’t speak to the details of that process. In my role, I have no involvement in it. But if you feel that the department has not been responsive to the committee, I’m happy to take any specific concerns back to that team,” he said. Boebert said Crabtree’s responses “may be the reason why we have to create a ... Department of Government Efficiency, to have actual oversight and accountability on bureaucrats.” “These are questions I would have asked him,” he said. “How many times did he meet with TikTok influencers on climate issues leading up to or following the announcement of the LNG export ban? Was the White House relying on TikTok influencers for policy advice when it pushed the LNG ban? Did the White House vet them for foreign influence or sponsorship?” John Podesta’s brother, Tony Podesta, “is known to have lobbied for foreign LNG companies, including one co-owned by a Qatar state-run energy company,” he said. Since the pause was imposed, Qatar has “secured long-term LNG export contracts, invested in export infrastructure, and increased capacity, while the United States falls behind competitively,” Fallon said. Crabtree said he knows nothing of such meetings and said Qatar’s increased LNG capacity “was years in the making.” Ranking member Rep. Melanie Stansbury (D-Colo.) called the hearing “a rehash of a topic we’ve already covered,” describing the uproar as “a politically manufactured non-issue” stewing in irony. It’s “interesting” that Republicans “are suddenly very concerned about having social media influencers involved in government decision-making. I hope that will extend to the new subcommittee that a certain billionaire social media owner is hoping to intersect with right here in this committee in the coming years,” she said. She said she’s “intrigued” that colleagues “are suddenly very concerned about foreign influence over American energy production,“ alleging that ”Russian disinformation” is heard daily inside the committee.Trump asks US Supreme Court to delay TikTok ban
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