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Arrest Made in Murder of Man Found in Burning Home, Attempted Murder Charge filed, US

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Authorities have made an arrest in the killing of a man whose body was found inside a burning home in July.

Edward Leroy Smith, 39, of Winnsboro, was arrested Aug. 13 on a charge of murder, according to a press release from the Lexington County’s Sheriff’s Department. He is accused of fatally stabbing Caldwell Melton Motley Jr. of Lexington. Smith is also facing an attempted murder charge in the stabbing of another man found injured inside a detached garage beside the burning home.

The sheriff’s department is still searching for another man, 33-year-old Ryan Holman, wanted on charges related to the case.

Over the course of their investigation, detectives determined Smith stabbed Mr. Motley to death, said Sheriff Jay Koon. Detectives also determined Smith seriously wounded another man at the scene. Victim and witness interviews, evidence, and electronic data indicate Smith’s presence at the Oak Ridge Lane scene prior to a 911 call reporting smoke from the house.

Authorities have been diligent in pursuing justice in this tragic case and continue to seek closure for the victims and their families.

Biden Administration to Regulate Chatbot Use on Financial Websites

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The Biden administration announced this week that it expects to release guidance in the future regarding the use of chatbots on companies’ websites. As part of a Time is Money initiative to improve and streamline consumer services experiences, the administration has directed the Consumer Financial Protection Bureau to issue rules to prevent the use of chatbots by financial institutions that may be ineffective and time wasting. Among such rules, it is expected that the CFPB may require institutions to notify consumers when the chat function is run by a live-person as opposed to a bot.

There is growing attention to the use of chatbots, particularly at the state level, where companies are facing litigation for allegedly not properly notifying customers about the types of personal data that these chatbots collect, including how this data may be used by third parties. These lawsuits are citing laws (e.g. California Invasion of Privacy Act) that allege such collection of information by a chatbot is the equivalent of a wiretap.

Paul Hastings will continue to monitor and update you on any next steps, particularly when the CFPB issues a rulemaking on this topic.

Actress Halle Berry Advocates for Menopause Bill with Sen. Capito, US

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On Wednesday, U.S. Sen. Shelley Moore Capito, R-W.Va., hosted actress Halle Berry in West Virginia’s capital city to hold a roundtable discussion on menopause with local leaders, healthcare professionals, and community members.

The pair are advocating for the newly introduced Advancing Menopause Care and Mid-Life Women’s Health Act, a bipartisan bill co-sponsored by Capito that would put $275 million toward research and education around menopause, the significant hormone shift women go through in middle age.

Women’s health, [the] health of West Virginians in general, is something that is exceedingly important to me, Capito said. As a woman myself, obviously, I want to see us be able to age into our years as healthily and as impactfully as we can, and happily.

The legislation calls for the federal government to spend more on clinical trials on menopause as well as the hormone therapy that is used to treat hot flashes and other symptoms.

The act also aims to strengthen education resources and workforce training on menopause and encourage public health spaces to better address mid-life women’s health issues.

My dream is to get all the female senators to come together in a bipartisan way because I think if there’s an issue that should not be politicized it is this one, Berry said. It is a human rights issue, and I think it’s long overlooked, and it’s long overdue that we get the health care, the answers.

Berry went on to share her story of experiencing painful symptoms during perimenopause, which occurs before menopause when a woman’s estrogen levels start dropping. Her doctor initially misdiagnosed her with herpes, a sexually transmitted disease that both Berry and her partner tested negative for.

I have one of the best doctors in California. If he had zero answers for me, I can only imagine how many millions and millions of women might be going through similar things or worse things, Berry said. That’s what got me on my mission, too.

Dara Aliff is an OBGYN in the Charleston area. She and others say they want to destigmatize the conversation around menopause.

I so applaud what you’re doing and giving a voice to this. You know, a lot of us can be in the trenches, but until we have the star power and the senatorial power to make the changes, it’s not going to happen, Aliff said.

Many physicians seated at the roundtable said they were barely trained in treating menopause. West Virginia Department of Health Secretary Sherri Young concurred.

Hearing all of these stories, we have to do more, she said. Sadly, these are true. With medical school training, [you receive] maybe an hour, hour and a half outside of doing OBGYN training.

According to a 2023 survey, only 30 percent of U.S. residency programs offer a formal menopause curriculum.

Nationally, 80 percent of OBGYN residents admit to being ill-prepared to discuss menopause with patients, according to the national nonprofit Let’s Talk Menopause.

The nonprofit also found that 75 million women are in perimenopause, menopause, or post-menopause right now in the U.S.

Trump’s Truth Social Interview with Musk Raises Concerns on Stock Future, US

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Shares of Trump’s media firm near record low following his return to X

Trump majority owns Trump Media & Technology Group, whose main asset is the Truth Social app popular among some conservatives. On Tuesday, Trump marked his return to X with an interview with the platform owner Elon Musk. Twitter suspended Trump’s account in January 2021, but it was reinstated by Musk in 2022 after he bought the site and took it private. The former president has made several posts in recent days. As many as 1.3 million people tuned in to the lengthy conversation where the pair discussed topics ranging from the assassination attempt on Trump to geopolitics and the economy.

The fact that the conversation took place on X instead of Trump’s rival platform Truth Social highlighted to investors that the latter remains a niche player in the social media landscape, analysts said. The decision to broadcast the chat with Musk on X was something of a slap in the face for Trump investors who must be feeling rather unloved and a little disrespected, said Dannie Hewson, head of financial analysis at AJ Bell.

Trump frequently posts on his Truth Social platform, which was launched in February 2022, but his posts there reach a much smaller audience than on X. With 83 days to go before the Nov. 5 U.S. presidential election, contracts for a Trump victory are trading at 45 cents, with a potential $1 payoff if he wins. Trump contracts traded as high as 69 cents in mid-July before President Joe Biden dropped out of the race and was replaced by Vice President Kamala Harris. Trump Media stock has lost more than half its value since going public in March. Its market valuation is down to $4.73 billion from over $9 billion earlier this year.

Shares were down 1.9% at $23.54 in trading on Wednesday. The stock tumbled to $22.84 on April 16 after the company said it could sell millions of shares. The company’s stock is slowly facing the truth of its upside-down financials, said Michael Ashley Schulman, chief investment officer at Running Point Capital.

Trump Media reported another quarterly loss on Friday along with a fall in revenue. Add to that the news that revenues were down 30% compared to a year earlier and that a huge chunk of change has been spent on a licensing agreement to power new streaming service Truth+ and there will be concern about the future of the company if Trump’s popularity dwindles further, Hewson said.

Analysts also raised concerns about the stock’s performance if Trump fails to win the presidential elections in November. If Trump loses the presidential election, it may be a further blow to DJT shares; but even if he wins, the stock’s time in the sun may have passed, Schulman added.

Saskatchewan First Nation Urgently Seeks Help Amid Wildfire Crisis in Sandy Bay, Canada

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SANDY BAY, SASK. — The leadership of a Saskatchewan First Nation has called for help and says the province is failing to act hours after issuing an evacuation order for Sandy Bay, Sask. due to an escalating wildfire.

A statement Tuesday from officials with the Peter Ballantyne Cree Nation said the Saskatchewan Public Safety Agency has refused to hire hundreds of qualified First Nations firefighters to tackle the blaze near the community of 1,800 in the province’s northeast.

Their reasoning? A lack of proper personal protective equipment (PPE). They say that our firefighters only have cotton overalls instead of the Nomex fabric coveralls required for fighting these intense fires, Chief Peter Beatty said in the statement.

He said First Nations have access to the necessary gear, including hats and boots, and are also properly trained — but the agency is not deploying them.

The real issue seems to be a lack of commitment to putting out the fire, not the capability of our firefighters, Beatty said.

We cannot stand by while excuses are made. Our people are ready to protect their land, but they are being denied the opportunity because the SPSA isn’t prioritizing the resources needed to ensure their safety. It feels like they do not want to put the fire out.

The Saskatchewan Public Safety Agency did not immediately provide a comment.

The last update on the agency’s website says the fire was estimated to be about 130 square kilometres in size and was burning within 20 kilometres of Sandy Bay. It identifies the cause as lightning.

Grand Chief Brian Hardlotte of the Prince Albert Grand Council said in the statement Saskatchewan’s approach to fighting fires disregards northern First Nations communities.

This isn’t just a policy failure; it’s a failure of leadership and moral responsibility of the provincial government. Prioritizing economic considerations over human lives and environmental protection is both short-sighted and dangerous, he said.

These aren’t just remote forests — they are our homes, our sacred lands, and our future. To let them burn without doing everything possible to extinguish the flames is an unforgivable betrayal of our trust.

Sandy Bay is about 430 kilometres northeast of Saskatoon near the Manitoba boundary.

IIM Lucknow Study Reveals Key to Unicorn Startup Success, India

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Speaking on how this study offers a roadmap for aspiring entrepreneurs, Prof. Sinha added, Our research addresses a critical gap by exploring ambidexterity in startups rather than established firms. We believe these cognitive skills are crucial for startup growth and can significantly speed up the attainment of unicorn status. By focusing on the ambidextrous capabilities of their founding teams, startups can enhance their internal strengths and expedite their journey to becoming unicorns.

As startups globally aim to replicate the success of unicorns, understanding and leveraging ambidextrous capabilities among founder teams is vital. This research not only enriches academic discourse but also provides actionable strategies for investors and policymakers to support high-growth ventures.

Former Catholic Church in Buffalo Sold to Muslim Group, Plans to Convert into Mosque Uncertain, US

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After a viral social media post on Sunday highlighted the sale of a prominent Catholic church in Buffalo to a Muslim group, the timeline for the church’s ultimate conversion to a mosque remains unclear.

The Diocese of Buffalo sold the former St. Ann’s Church and Shrine to a group associated with the local Downtown Islamic Center in late 2022.

The Buffalo News reported that Buffalo Crescent Holdings, a group associated with the Downtown Islamic Center, purchased the property in November 2022 for $250,000. The Islamic Center already operates a small place of worship near the former church.

Plans for a multimillion-dollar project at one point included an Islamic school and college for as many as 3,000 students, a shopping plaza, and a Muslim funeral home. The Downtown Islamic Center seems to be moving forward with minor updates to the property for now.

The troubled Diocese of Buffalo announced the sale of its downtown headquarters in March for nearly $10 million, part of ongoing efforts to address financial challenges, including a bankruptcy filing and abuse claims.

St. Ann’s, a historic parish established in 1886, faced closure over a decade ago due to structural issues and high renovation costs. Despite initial Vatican restrictions on its sale for profane use, a subsequent ruling allowed the property to be sold.

If St. Ann’s eventually becomes a mosque, it wouldn’t be the first Catholic church in Buffalo to undergo such a transformation. Several other churches have transitioned to mosques over the years, reflecting changing demographics and religious practices in the area.

The future of St. Ann’s Church and Shrine holds significant implications for both the local Catholic community and the growing Muslim population in Buffalo. The evolving use of religious spaces underscores the need for understanding and dialogue among different faith traditions in a rapidly changing society.

Gold Testing Resistance at 2478-2483, Brent and WTI Crude Oil in Focus

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Gold is currently testing resistance levels, indicating potential bullish signs for the medium term. Meanwhile, Brent Crude Oil is facing strong resistance and may see a rise if it breaks above certain levels. Nearby WTI is also testing resistance with bullish potential if a weekly break occurs. On the other hand, the US dollar weakening could impact commodity prices and inflation. Gold and silver markets are consolidating, while frustration looms in the silver market. Overall, the markets are showing signs of movement and potential shifts, requiring close monitoring in the coming days.

Commodities Broker Marex Group Plans Acquisitions for Diversification After Strong U.S. IPO Performance, UK

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LONDON, Aug 14 – British-based commodities broker Marex Group is planning more acquisitions to diversify the company following a U.S. listing, its CEO disclosed, in the wake of strong interim results that sent shares to a record high.

Marex listed on the U.S. Nasdaq exchange in April with an initial public offering (IPO) price of $19 a share. The shares surged as much as 18% on Wednesday to a peak of $24.58.

The company recorded a 27% surge in revenue for the first six months of the year, with a notable 27% gain in after-tax profit to $102.9 million.

Jefferies noted in a brief that earnings per share of 90 cents in the second quarter surpassed its estimate of 57 cents, mainly driven by clearing revenue.

In an interview, CEO Ian Lowitt mentioned that Marex has a robust pipeline of merger and acquisition opportunities, focusing on geographic and product diversification, particularly in the Middle East, Asia, and the U.S.

Marex remains positive on the second half, but anticipates slightly weaker activity compared to the first six months. The company expects full-year adjusted operating profit between $280 million and $290 million.

Benefiting from rising global interest rates, Marex foresees challenges with anticipated rate cuts in the future, offset by significant growth initiatives.

We anticipate interest rates will come down. That’s a modest headwind for us, but there are a lot of growth initiatives that we have confidence will offset that, Lowitt stated.

African Startup Closures Linked to Funding Challenges, Venture Capital Decline, Nigeria

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Numerous startups across seven African countries have faced closure in recent years, with Nigeria leading the pack. Despite being heavily funded, many of these businesses ultimately shut down due to various challenges in the market. The lack of liquidity, difficulties in raising capital, and a more selective approach by venture capitalists have all contributed to this trend. In the first half of 2023, funding by venture capitalists almost halved, reflecting waning investor enthusiasm amid rising interest rates. According to Startupgraveyard.africa, a total of 53 startups have ceased operations, with Nigeria alone accounting for 25 closures. Sectors affected include fintech, health, e-commerce, logistics, agriculture, transportation, and media. While underfunding is often cited as a reason for startup failures, recent cases like Pivo in Nigeria and Dash in Ghana highlight internal conflicts and mismanagement as contributing factors. Moving forward, conducting thorough due diligence before investing in startups is recommended to avoid future closures and safeguard investor funds.