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US President-elect Donald Trump filed a brief Friday urging the Supreme Court to pause a law that would ban TikTok the day before his January 20 inauguration if it is not sold by its Chinese owner ByteDance. "In light of the novelty and difficulty of this case, the court should consider staying the statutory deadline to grant more breathing space to address these issues," Trump's legal team wrote, to give him "the opportunity to pursue a political resolution." Trump was fiercely opposed to TikTok during his 2017-21 first term, and tried in vain to ban the video app on national security grounds. The Republican voiced concerns -- echoed by political rivals -- that the Chinese government might tap into US TikTok users' data or manipulate what they see on the platform. US officials had also voiced alarm over the popularity of the video-sharing app with young people, alleging that its parent company is subservient to Beijing and that the app is used to spread propaganda, claims denied by the company and the Chinese government. Trump called for a US company to buy TikTok, with the government sharing in the sale price, and his successor Joe Biden went one stage further -- signing a law to ban the app for the same reasons. Trump has now, however, reversed course. "Now (that) I'm thinking about it, I'm for TikTok, because you need competition," he recently told Bloomberg. "If you don't have TikTok, you have Facebook and Instagram -- and that's, you know, that's Zuckerberg." Facebook, founded by Mark Zuckerberg and part of his Meta tech empire, was among the social media networks that banned Trump after attacks by his supporters on the US Capitol on January 6, 2021. The ban was driven by concerns that he would use the platform to promote more violence. Those bans on major social media platforms were later lifted. In the brief filed on Friday, Trump's lawyer made it clear the president-elect did not take a position on the legal merits of the current case. "President Trump takes no position on the underlying merits of this dispute," John Sauer wrote in the amicus curiae -- or "friend of the court" -- brief. "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, thus permitting President Trump's incoming Administration the opportunity to pursue a political resolution of the questions at issue in the case." ft/aha
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MALVERN, Pa., Dec. 13, 2024 (GLOBE NEWSWIRE) -- TELA Bio, Inc. ("TELA Bio") (NASDAQ: TELA), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, today announced that the Compensation Committee of the Board of Directors of TELA Bio approved inducement grants of restricted stock units covering 1,700 shares of its common stock to three newly-hired employees, with a grant date of December 11, 2024 (the "Grant Date"). The restricted stock units were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual's employment compensation and were granted as an inducement material to his or her acceptance of employment with TELA Bio. The restricted stock units will vest in equal annual installments over four years, subject to each individual's continued service with TELA Bio through the applicable vesting dates. About TELA Bio, Inc. TELA Bio, Inc. (NASDAQ: TELA) is a commercial-stage medical technology company focused on providing innovative technologies that optimize clinical outcomes by prioritizing the preservation and restoration of the patient's own anatomy. The Company is committed to providing surgeons with advanced, economically effective soft-tissue reconstruction solutions that leverage the patient's natural healing response while minimizing long-term exposure to permanent synthetic materials. For more information, visit www.telabio.com . Caution Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations are forward-looking statements and reflect the current beliefs of TELA Bio's management. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors that could cause actual results and events to differ materially and adversely from those indicated by such forward-looking statements. These risks and uncertainties are described more fully in the "Risk Factors" section and elsewhere in our filings with the Securities and Exchange Commission and available at www.sec.gov, including in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements that we make in this announcement speak only as of the date of this press release, and TELA Bio assumes no obligation to update forward-looking statements whether as a result of new information, future events or otherwise after the date of this press release, except as required under applicable law. Investor Contact Louisa Smith ir@telabio.comApple bets on Britain: Tim Cook reveals investment in the UK has grown to exceed £18 BILLION over the last five years READ MORE: Wallace & Gromit animation is shot entirely on an iPhone By SHIVALI BEST FOR MAILONLINE Published: 21:00, 10 December 2024 | Updated: 21:00, 10 December 2024 e-mail View comments It may be headquartered in California, but Apple has set its sights on the UK. The tech giant has announced that its investment in Britain has grown to exceed a whopping £18 billion over the past five years. The company now supports a total of 550,000 jobs in Britain. This includes through direct employment across its 40 UK stories, its supply chain , and the iOS app economy. Tim Cook, Apple's CEO, is visiting the UK this week and explained that he 'always loves visiting London , especially over the holidays.' ' We've actually doubled the number of Apple engineers in the UK over the past five years,' he explained ahead of his visit. 'They're doing some really important work and research across many of our products, including helping us push the boundaries of innovation with advancements like Apple Intelligence and Private Cloud Compute. 'I don't need to tell you that the UK has a tremendous history of innovation and we're proud that our technical teams here are working on products that reach customers around the world.' It may be headquartered in California, but Apple has set its sights on the UK. The tech giant has announced that its investment in the UK has grown to exceed a whopping £18 billion over the past five years Apple's first UK store opened on London's Regent Street on 20 November 2024, and since then, the firm has opened 39 more across the UK. Its engineering teams are located in London, Cambridge, and throughout the country. These teams perform critical work and research across a range of products and services, including Apple Inteligence, Apple Music, and Apple TV+. Meanwhile, its iOS developer community includes some of the 'world's most exciting and talented developers', who are helping to build apps used by iPhone ownerss worldwide. According to Apple, since the launch of the App Store back in 2008, UK developers have earned nearly £9 billion from selling digital goods and services. Taiwo Omisore, an independent App developer, said: 'Being able to dream, create, and share my vision on the App Store—a global platform reaching billions—has been nothing short of a dream come true. 'With the support of Apple I’ve been able to follow my passion and create experiences that improve the lives of others. 'The possibilities are endless and I’m excited by what the future holds.' Tim Cook, Apple's CEO, is visiting the UK this week and explained that he 'always loves visiting London, especially over the holidays' One of Apple's growing investments in Britain is expanded Apple TV+ production, which has tripled in the past two years. This growth not only supports jobs for the cast and crew, but also contracts with suppliers across a range of sectors including construction, manufacturing, hospitality, and technical services. 'It's been wonderful to see shows like Bad Sisters, Silo, and Slow Horses gain so many fans all over the world,' Mr Cook explained. 'We're excited to keep producing work like that here in the UK, because we know there are still so many great stories to tell together.' Beyond that, Apple is also supporting the talent of tomorrow. Apple has partnered with The King's Trust since 2019 to help UK students develop the skills and confidence to pursue educational and career opportunities. 'Inspiring and motivating young people is at the heart of everything we do at The King's Trust,' said Jonathan Townsend, UK Chief Executive of The King's Trust. 'Our education work with Apple is a fantastic example of how we're empowering young people to raise their aspirations, develop their skills and realise their potential. 'It has been brilliant talking with young people here today about how their confidence has grown during their time on programme and I'm incredibly grateful to Apple for helping us make this a reality.' Read More EXCLUSIVE How the Wallace & Gromit Christmas animation was shot entirely on an iPhone The tech giant also supports community organisations based near its Battersea office. This includes Caius House, a centre that helps bridge the education and life skills gap for local youth and young adults. In addition to donating iPad and MacBook devices to the centre, Apple has also hosted a coding week at Caius House, where more than 100 young people learned new digital skills. 'It's great to have Apple in the local community and, with their support, we've been able to give young people the opportunity to work with the latest technology and learn from experts about how to put theory into practice,' said Delrita Agyapong, CEO of Caius House. Share or comment on this article: Apple bets on Britain: Tim Cook reveals investment in the UK has grown to exceed £18 BILLION over the last five years e-mail Add comment
Ellington Credit (NYSE:EARN) Declares Monthly Dividend of $0.08WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump's supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump's movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump's Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer's comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar." Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry's need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump's world and what his political movement stands for. Trump has not yet weighed in on the rift, and his presidential transition team did not respond to a message seeking comment. Musk, the world's richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump's movement but his stance on the tech industry's hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry's need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent," he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Trump's own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump's businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country" and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country," he told the “All-In" podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump's budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.
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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. Related Articles “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.”On TV Today 122824