About Author : Paroma Bhattacharya

Paroma Bhattacharya

Paroma currently works as a content developer for Algosonline, MSF and a series of alike platforms. Fortified with a post-graduation degree in Journalism and Mass Communication, she delved head long into a writing career, creating resourceful and information enriched content in diverse fields besides writing on business trends, market research and industry news. Apart from being a compulsive reader she also loves to cook, paint and write.



Contribution by Paroma Bhattacharya

Samsung & Grab team up to boost Southeast Asia digital economy

Tech giant Samsung Electronics and the largest ride-hailing service of Southeast Asia, Grab, have reportedly signed a memorandum of understanding facilitating a strategic collaboration between the two companies. Sources claim that through this deal, ...

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Ravensdown opens $30 million precision blending plant in New Plymouth

Ravensdown Ltd., one of the pivotal manufacturers and suppliers of fertilizers to the New Zealand agricultural sector, has scarcely made an announcement with regards to a major capital project. Sources state that the company will be setting up a new ...

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National Grid to install 350kW electric vehicle charging network in UK

National Grid PLC, the British utility company, responsible for running the electric grid of the nation, has apparently proposed the installation of a network of 50 strategically located EV charging points across England and Wales. The tactical posit...

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Sony forms alliance to introduce AI based cab hailing service in Japan

Sony apparently plans to broaden its technology and business profile through the development of a Japanese taxi hailing system using artificial intelligence and algorithms to predict demand. In effect, Sony seems to be on the verge of competing with ...

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Howard county considers Elkridge to setup drug treatment center

Howard county, a region that made it to the headlines due to its soaring numbers of opioid related fatalities, is expected to witness the construction of its first residential drug treatment center in Elkridge. Reportedly, the possible site is adjace...

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Costa Coffee pledges to recycle up to 500 million cups a year by 2020

Costa Coffee, the largest coffee chain in UK, has committed to recycle an equivalent volume of takeaway cups bought by customers. According to Costa Coffee, hundreds of millions of recyclable takeaway cups needlessly end up in landfills each year. Th...

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J&J buys Bristol-Myers Squibb’s Factor XIa inhibitor program

The pharmaceutical giant Johnson & Johnson has reportedly entered into a collaboration with Bristol-Myers Squibb for the development and commercialization of Factor XIa inhibitors. The deal also provides a major stake to J&J in the developmen...

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Facebook change of data privacy terms to affect 1.5 billion users

Facebook, the social media platform that has come under severe scrutiny due to the allegation of leaking personal data of 87 million users, declared that it will be soon changing its terms of service. This change in data privacy terms apparently mean...

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DBS to launch cross border transaction tracker in HK and Singapore

DBS will be launching a real-time payment tracking service that will benefit 200,000 of its corporate and small to medium enterprise clients located in Hong Kong and Singapore. According to reliable sources, the service will be powered by SWIFT Glob...

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Barclays inks deal with PayPal to aid customers manage accounts easily

Barclays, the British multinational bank and PayPal, the American digital wallet service announced that they have joined forces in a strategic partnership to enable customers manage and use their accounts together. In a press release, the two compan...

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Subway to shut down 500 U.S. stores & set up over 1000 stores abroad

Subway, one of the largest restaurant chains in the world is planning to close around 500 outlets in the United States. According to Subway CEO Suzanne Greco, the international chain is aiming to increase its overseas presence and is planning to open...

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UK supermarkets launch voluntary pledge to cut plastic packaging waste

Renowned supermarkets and food businesses based in the UK have seemingly initiated a voluntary pledge to curb plastic packaging wastes. The move, as per sources, may have plausibly come in the wake of the plastic waste crisis faced across myriad geog...

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Walmart to stem market share loss via local partnerships in India & UK

Renowned retailer Walmart Inc., in an effort to curtail the loss of shares to rivals across the globe, plans to strike partnership deals with local operators in the UK and India. Walmart’s international moves over the years have proved to be la...

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Internet services giant Baidu to divest financial services business

Baidu Inc., one of the leaders in the China market for internet services and products, has announced that it has entered into a deal to divest its financial services business. The investor consortium would be led by TPG and the Carlyle Group. Other p...

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GP Strategies buys out IC Axon to deliver training to pharma customers

GP Strategies Corporation, the international performance improvement solutions provider, has scarcely declared that it has purchased IC Axon, a leader in developing science-oriented training for life science and pharmaceutical companies. The acquisit...

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Edeka & Nestle reach agreement to settle long-standing retail dispute

Germany’s largest supermarket chain, Edeka and the renowned Swiss foodstuff producer, Nestle, have reportedly reached an agreement to settle the much-publicized retail dispute the two were entangled in. No details were provided about the conten...

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BP Plc may plan to acquire some of BHP’s energy assets in the U.S.

BP Plc, a British multinational oil and gas company, has reportedly been weighing a decision to acquire assets from BHP Billiton Ltd, the Australia based mining company, in an effort to expand its onshore U.S. shale assets. According to reliable sou...

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Genentech-Lodo sign agreement for soil-based drug discovery

Genentech, a Roche subsidiary, has reportedly signed a deal with Lodo Therapeutics for around $1 billion to employ the genome mining technology of Lodo for a new drug discovery. The deal seems to be a first for Lodo which has a backing of $17 million...

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Carrefour Brasil inaugurates click-and-collect service in Sao Paulo

Carrefour Brasil, the largest food retailer of the country, will reportedly launch an innovative click-and-collect style service in Sao Paulo. Incidentally, the business model already accounts for about 8% to 10% of food sales in France. In an offici...

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Canadian Tire Corporation to purchase Helly Hansen for $985 million

Canadian Tire Corporation Limited has reportedly announced that it has entered into an agreement to buy Helly Hansen – a leading workwear and sportswear producer based in Oslo, Norway. Through Mark's and FGL, Canadian Tire Corporation has ...

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New Zealand supermarket eliminates annual use of 1 mn plastic bags

Supermarket FreshChoice Nelson will reportedly stop the use of plastic bags at its checkout counter and replace them with paper and reusable bags. The supermarket in Nelson will become the first in the country to undertake such a drastic action for l...

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Kroger acquires Home Chef, redefines consumer shopping patterns

Kroger Co. is undertaking a deal to acquire Home Chef, a meal kit company for an upfront value of $200 million. The deal, which is expected to close in a month, also includes a clause to make payments of another $500 million over the next 5 years if ...

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Ride-hailing service Go-Jek plans to commence operations in Singapore

Go-Jek, the Indonesian ride-hailing service, recently reported that it would be expanding its services into four markets in South-East Asia and will include Singapore in its expansion plan. The expansion is a part of a growth plan that apparently cos...

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Alibaba to inject online pharmacy business into listed healthcare unit

Alibaba Group Holding Ltd, the Chinese e-commerce giant will be injecting some of its online pharmacy business to Alibaba Health Information Technology for HK$10.6 billion ($1.35 billion). Alibaba Group will be selling Ali JK Nutritional Products Hol...

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eBay disrupts Australia online retail space with free delivery program

eBay, the multinational e-commerce corporation, announced a new membership delivery service to galvanize the online retail scenario of Australia. eBay will soon be launching the offer called eBay Plus to Australian internet shoppers to avail unlimite...

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Singapore issues invitation to China to test its AI solutions

During the very first Sino-Singapore Artificial Intelligence Forum, Singapore Finance Minister, Heng Swee Keat, invited China to help Singapore test artificial intelligence solutions that will tackle everyday problems faced by sectors like banking an...

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HCA & CHS close major deals, bolster M&A trends in healthcare industry

HCA Healthcare, one of the leaders of hospital networks in Texas, reportedly stated that the executives of the business have opened a dialogue with the North Cypress Medical Center in Houston. Through this deal, which will possibly be completed by th...

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Online retailer zulily signs up for cloud computing services of Amazon

Online flash-sale retailer zulily has announced the shift of a bulk of its software to the cloud-computing infrastructure of Amazon Web Services. The move has been an unexpected one in the retail industry as zulily, which sells items ranging from per...

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Sears expands contract with Amazon, brings services to over 100 stores

Sears Holdings, the American retail giant, recently announced that it will be expanding its partnership with online retail platform Amazon, across the United States. The department store chain that has been struggling for the last few years, has bee...

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Ikea to modify in-store restaurant to attract more customers in India

Ikea, the Swedish home furnishing retailer, will be opening its outlets in India soon, on the grounds of which it is aiming to increase footfall in its store by focusing on its restaurant business. This is reportedly in sharp contrast with Ikea&rsquo...

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Supermercato24 raises €13M to improve operations & expand services

Supermercato 24, one of the leading same-day grocery delivery service in Italy reportedly raised €13 million in Series B funding. The funding is led by FII Tech Growth and other new investors like Endeavor Catalyst beside current investors Innog...

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Alibaba empowers retail digitization with AI-based Hema stores

Alibaba empowers retail digitization with AI-based Hema stores The Alibaba owned offline supermarket Hema was recently put up on exhibit in 2019 Retail's Big Show in New York City, highlighting artificial intelligence and the online commerce beh...

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Microsoft signs up Albertsons to its cloud computing platform Azure

The grocery chain also plans to leverage Microsoft’s AI technology and team up on cashier-less technology. Microsoft has reportedly inked a three-year agreement with Albertsons, grocery giant and parent company of Safeway and Vons, in a bid to...

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Giant Food Stores to open its first e-commerce hub, Giant Direct

The e-commerce pickup & fulfilment facility in Lancaster is currently being marketed under the brand ‘Giant Direct, Powered by Peapod’   The hub is anticipated to help Giant Food to serve 40 per cent more customers than the p...

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Walmart partners with Fanatics to sell sports apparel for fans online

The deal with Fanatics will help create a unique experience for customers to easily find specialty sports items Walmart has announced that it has entered into a long-term deal with Fanatics, a major licensed sports apparel retailer, for introducing ...

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Lucence declares the opening of molecular diagnostics lab in Singapore

Lucence Diagnostics has reportedly made it to the headlines for having announced the opening of its new headquarters & molecular diagnostics laboratory in Singapore. As per sources familiar with the matter, the new facility spanning 10,000 square...

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Amazon initiates wholesale remodeling in accordance with new FDI rules

Retail behemoth Amazon is reportedly planning to convert two of its most prominent sellers – namely, Cloudtail and Appario, into wholesale entities capable of undertaking B2B transactions. Credible sources cite that Amazon’s latest move c...

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Walmarts mattress brand Allswell unveils a new retail strategy

The brand will start a cross-country tour starting with New York and will later be heading to major cities to gain new customers and feedback. U.S. retail giant, Walmart Inc. has recently announced that its online mattress and bedding brand, Allswel...

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ITC to pilot its first FMCG e-commerce platform in major Indian cities

Indian conglomerate ITC has reportedly confirmed its plans to pilot its first-ever e-commerce venture in the FMCG (fast-moving consumer goods) category, itcstore.in, in major metro cities of India - Delhi-NCR, Chennai, Kolkata, Bangalore, Mumbai and ...

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H&M debuts into the cryptocurrency space to ease cross-border paymentsa

Hennes & Mauritz (H&M), the leading Swedish brand for clothing and retail, has made it to the headlines for entering into the cryptocurrency space, with many of the brand’s distributors starting to accept cryptocurrency as payments glob...

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Barneys to launch a new cannabis lifestyle shop called The High End

Barneys New York Inc., the US-based luxury department store chain, is reportedly launching a head shop named The High End, to be debuting in March this year within its Beverly Hills store. The High End will be offering extravagant cannabis products, ...

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IBM Watson collaborates with Broad Institute to explore genomics data

The initiative is expected enhance understanding of intrinsic possibility that individuals have for any specific disease. IBM Watson Health, a cognitive healthcare solution company recently announced multiple new partnership deals. One of them is a ...

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Drug combination could set norms for advanced kidney cancer treatment

Reporting the results from a phase 3 clinical trial, an investigator from Dana-Farber Cancer Institute revealed that the combination of two drugs could be a first-line, new standard treatment for patients that are suffering from metastatic kidney can...

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Kerry Logistics JV with E-Services Group aims at e-commerce fulfilment

The companies will be combining their global supply chain facilities, technology platform and marketplace networks to offer cost-efficient solutions to e-retailers. Kerry Logistics, one of the leaders among supply chain agents, recently announced it...

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Amazon China’s merger plans with NetEase’s Kaola to challenge Alibaba

Amazon aims to strengthen its footprint in Chine where e-commerce sales is expected to grow to account for nearly one-third of the all retail sales in 2019, exceeding $1.9 trillion. The Chinese joint venture (JV) of Amazon.com Inc. is reportedly ami...

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Mobify, CoreMedia partner to offer enhanced online shopping experience

Mobify and CoreMedia have recently announced a technology partnership that would combine the Front-end as a Service of Mobify for building revenue-driving, fast Progressive Web Apps and CoreMedia Content Cloud’s Content as a Service (CaaS) for ...

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Walmart teams up with PhonePe to deploy it as a digital payment option

PhonePe, the India-based digital payments major, has reportedly signed a collaboration deal with Walmart India, the wholly-owned subsidiary of Walmart Inc.. The deal enables PhonePe to serve as a payment option at the 23 Best Price wholesale cash &am...

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Walmart partners with Affirm to offer alternative financing option

Walmart may have chosen to partner with Affirm specifically for its younger user base and as a means to reach millennial shoppers. Affirm, the financial technology company that offers consumers a cash or credit alternative when making large purchase...

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Nobel & FreedomPay to provide users a more efficient ordering process

Nobel, the on-premise experience platform that optimizes food and beverage operations for locations and improves customer experience has reportedly announced its partnership with FreedomPay, a leading global customer-centric business payments platfor...

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Amazon launches new waste reduction strategy with Amazon Day

The online retailer says that by 2030, half of Amazons shipments will be carbon neutral and Amazon Day will help it achieve that goal. Amazon, the e-commerce giant recently announced that it will be making renewed efforts at lowering its carbon f...

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Coles ties up with eBay to provide online grocery service in Australia

The move would enable consumers in Brisbane, Melbourne, and Sydney areas to order everyday products Coles and eBay will offer the option of delivering groceries even if no one is at home Reports confirm that Coles Supermarkets Pty Ltd., an Austr...

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New H&M store in Woodward to attract more business to downtown Detroit

Swedish clothing-retail company H&M has reportedly confirmed the launch of its new store in downtown Detroit in the coming fall. As per trusted sources, the retailer has rented 25,000 square feet of space from Bedrock in 3 attached buildings loca...

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Philips puts forth a buyout offer for Carestream’s HCIS business

Royal Philips, the Netherlands-based healthcare technology company, has reportedly entered into an agreement with Carestream Health, a healthcare IT solutions provider, in a bid to acquire its HCIS (Healthcare Information Systems) business. Reported...

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EARS unveils AM-111 Phase 3 trial outcomes in a peer-reviewed article

Auris Medical Holding AG (EARS), a Switzerland-headquartered pharmaceutical company, has reportedly announced the publication of a peer-reviewed scientific article which contains detailed outcomes of the HEALOS Phase 3 trial with AM-111. AM-111 for t...

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Biocartis inks deal with Bristol-Myers Squibb for IdyllaTM MSI testing

Biocartis Group, a molecular diagnostics company based in Belgium, has reportedly signed a collaboration deal with the American pharmaceutical company, Bristol-Myers Squibb, for the IdyllaTM MSI testing with immune-oncology therapies and the pot...

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Singapore Post shows signs of possible exit from U.S. ecommerce market

Reports suggest that Singapore Post (SingPost) could wind down or sell off its U.S. e-commerce business after performing a strategic review of the loss-making unit. Analysts have predicted that a divestment or closing down of the unit could result in...

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Tourism Malaysia & ShopBack join hands to lure travelers to the nation

In a move to facilitate growth of online travel bookings, Tourism Malaysia and ShopBack Malaysia have reportedly entered into a collaboration to support the biggest ShopBack-organized Online Travel Fair, being held in Malaysia from March 11 to March ...

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Roche’s Tecentriq immunotherapy for SCLC treatment approved by USDFA

The US FDA (Food & Drug Administration) has reportedly granted approval for Swiss drug-maker Roche Holding’s immunotherapy Tecentriq intended for treating ES-SCLC (Extensive Stage-Small Cell Lung Cancer). Reportedly, this is the latest win ...

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CVS to sell CBD-infused topical products in 800 stores across 8 states

CVS has partnered with cannabis producers to infuse CBD and sell topical products like roll-ons, lotions, creams, slaves and sprays. CVS pharmacy has announced that it would sell hemp-derived CBD products, or products with cannabidiol, which is non-...

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Sonata Software invests in Retail10x to extend digital transformations

Sonata Software has reportedly invested in Retail10X, a California-based retail AI SaaS platform company. Sonata Software has concentrated on being a Digital Transformation Partner of choice for clients in manufacturing, retail, distribution, and tra...

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Shopmatic & Octopus merge to offer PoS services in the Asia Pacific

Shopmatic Pte. Ltd has acquired a controlling stake in Octopus, a retail point-of-sale device provider, reported a top company executive. Anurag Avula, Chief Executive Officer of Shopmatic said in a statement that the company has attained a 50.1% sta...

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Amazon invests Rs 240-crore in Indian food and grocery unit

The Indian government has made it clear that FDI in the food retail sector will not get stalled by the modified FDI guidelines specifically for the ecommerce marketplaces. Amazon, the Seattle-based American multinational tech-giant, has reportedly i...

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Sears to launch smaller stores than its regular outlets for home goods

Sears will also expand its DieHard automotive brand into new categories, including garden and lawn equipment, to put in the Home & Life shops. The US-based retailer Sears, which barely survived bankruptcy and closed hundreds of stores, has ...

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Zoho unveils e-commerce platform to help retailers build online stores

Zoho Corp, an Indian software development company, has reportedly confirmed the launch of Zoho Commerce, an e-commerce platform that will enable small retailers to develop their own e-commerce sites. From the past year the company had been running a...

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Cube Chain launches Test-net that enables high TPS and fast searches

Innovative blockchain ecosystem Cube Chain has reportedly launched Test-net, a new platform that will permit high transaction per second (TPS) and fast searches when using blockchain. The new technology will also renovate the use of blockchain since ...

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Walmart partners with Kidbox for its first apparel subscription box

Walmart has recently announced that it is launching its first subscription business for apparel and it would be solely for kids. The company has teamed up with Kidbox, a subscription-box company like StitchFix but focused exclusively on selling cloth...

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E-grocery start-up HappyFresh secures up to US$20M in Series C funding

The Jakarta-based online grocery delivery start-up, HappyFresh, has made it to the front page for raising around USD 20 million in its latest Series C financing round. Reportedly, the fresh influx of capital will be used by the company for its expans...

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