Best of CES 2023: An OLED TV that streams content wirelessly

Top News: US & International Top News Stories Today | AP News 

The new LG SIGNATURE OLED M is introduced at the LG Electronics press conference before the start of the CES tech show, Wednesday, Jan. 4, 2023, in Las Vegas. LG unveiled its new wireless 4K TV at the news conference. LG says its new 97-inch LG SIGNATURE OLED M (model M3), is the world’s first consumer TV with Zero Connect technology, which is wireless. (AP Photo/Rick Bowmer)

LAS VEGAS (AP) — Tech companies of all sizes are showing off their latest products at CES, formerly known as the Consumer Electronics show.

The show is getting back to normal after going completely virtual in 2021 and seeing a significant drop in 2022 attendance because of the pandemic.

On Wednesday, big names like LG and Samsung were showcasing their latest products for the media in Las Vegas. Smaller startups were due to exhibit at an event later Wednesday.

Here are some highlights:

NO MESSY WIRES

LG Electronics unveiled a 97-inch OLED TV with what it calls a Zero Connect Box that streams content wirelessly. The box, which still needs to be plugged in, just needs to be within 30 feet (nine meters) of the display.

But why would anyone want a wireless 4K television?

David M. Park, senior marketing manager at the South Korean tech company, says it means owners can place a TV in the center of the room without all the messy wires, or maybe mount it above a fireplace or perhaps on a hard-to-drill concrete wall.

LG says the 97-inch LG Signature OLED M (model M3) will be available in the second half of 2023. Pricing has not yet been announced.

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For more on CES, visit: https://apnews.com/hub/technology

 

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Russia: Soldiers’ unauthorized phone use allowed Ukraine to target facility for rocket attack 

Just In | The Hill 

Russia’s Ministry of Defense says its soldiers’ unauthorized cell phone tipped Ukraine off and allowed Kyiv to target a Russian facility with a recent rocket attack.  

“The main reason… was turning on and massive use of mobile phones by the personnel within the range area of enemy firepower. This factor allowed the enemy to locate the personnel for launching the missile strike,” Gen. Lt. Sergei Sevryukov said in a Telegram update from the Ministry of Defense account.  

Sevryukov said that the soldiers’ phone use went against an existing ban and noted that authorities are investigating the incident further. 

“All the necessary measures are currently being adopted to prevent this kind of tragic incidents in the future. The investigation is to result in bringing the responsible officials to justice,” Sevryukov added.

The Ukrainian strike against Russia’s Makiivka base over the weekend killed 89, according to Russia — though Kyiv is claiming as many as 400 were killed.  

Ukraine fired six rockets from a HIMARS multiple launch system, supplied by the U.S., and four reportedly hit the facility, a temporary base set up in the industrial city of Makiivka in Donetsk, one of the regions Russia moved to annex last year.

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Stock Market Live: Stocks End Lower In 2023 Debut; Treasury Bond Yields Ease

Updated at 4:15 pm EST

Stocks finished lower Tuesday as global markets kicked-off new year trading on a mixed note, powered in part by softer Treasury bond yields and positive economic data from Europe but capped by worries over aggressive central bank rate hikes.

With trading volumes still thin, and some major markets closed over the tail end of the holiday season, stocks are set for a firmer open following their worst performance since 2008, which saw a 20% decline for the MSCI World Index and the loss of more than $18 trillion in global equity value.


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Trump breaks silence on McCarthy and House speaker drama

Former President Trump broke his silence on the ongoing election for speaker of the House Wednesday morning, as Republican leader Rep. Kevin McCarthy, R-Calif., has so far failed to secure enough votes to become speaker. 

“Some really good conversations took place last night, and it’s now time for all of our GREAT Republican House Members to VOTE FOR KEVIN,” Trump posted on Truth Social.  

“CLOSE THE DEAL, TAKE THE VICTORY, & WATCH CRAZY NANCY PELOSI FLY BACK HOME TO A VERY BROKEN CALIFORNIA,THE ONLY SPEAKER IN U.S. HISTORY TO HAVE LOST THE ‘HOUSE’ TWICE! REPUBLICANS, DO NOT TURN A GREAT TRIUMPH INTO A GIANT & EMBARRASSING DEFEAT. IT’S TIME TO CELEBRATE, YOU DESERVE IT,” the 2024 presidential candidate continued. 

“Kevin McCarthy will do a good job, and maybe even a GREAT JOB – JUST WATCH!” Trump predicted. 

THE VOTE FOR HOUSE SPEAKER: LIVE UPDATES

Former President Trump arrives for a New Years event at his Mar-a-Lago home on Dec. 31, 2022, in Palm Beach, Florida.

Former President Trump arrives for a New Years event at his Mar-a-Lago home on Dec. 31, 2022, in Palm Beach, Florida.
(Joe Raedle/Getty Images)

HOUSE SPEAKER BATTLE: PROFANITIES FLY AS REPUBLICAN FACTIONS GET HEATED OVER MCCARTHY SPEAKERSHIP BID

House Minority Leader Kevin McCarthy, R-Calif., walks to the House Floor on Capitol Hill on Monday, Nov. 14, 2022, in Washington, D.C. 

House Minority Leader Kevin McCarthy, R-Calif., walks to the House Floor on Capitol Hill on Monday, Nov. 14, 2022, in Washington, D.C. 
(Kent Nishimura / Los Angeles Times via Getty Images)

HOUSE DEMOCRATS CHEER AS MCCARTHY FAILS TO CLINCH SPEAKERSHIP MULTIPLE TIMES

Rep. Scott Perry, R-Pa., speaks to reporters following a meeting with House Republicans at the U.S. Capitol Building on Jan. 3, 2023 in Washington, D.C. 

Rep. Scott Perry, R-Pa., speaks to reporters following a meeting with House Republicans at the U.S. Capitol Building on Jan. 3, 2023 in Washington, D.C. 
(Kevin Dietsch/Getty Images)

The House voted to elect a speaker three times Tuesday after McCarthy repeatedly failed to secure enough support to win a majority of members present. It was the first time since 1923 that the House failed on the first vote for a speaker. 

Though McCarthy has Trump’s support, he is opposed by 20 or so GOP lawmakers who argue that he is insufficiently conservative and claim he has failed to make certain assurances about rules changes that would decentralize power in the House. The holdouts, members of the House Freedom Caucus, are instead supporting Rep. Jim Jordan, R-Ohio, for speaker – though Jordan does not want the job and nominated McCarthy.

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Democrats were united in support for Rep. Hakeem Jeffries, D-N.Y., to be the next speaker over the three votes and many of their members mocked the GOP divisions on social media and in comments to the press. 

The House adjourned Tuesday without an elected speaker. It will reconvene Wednesday to continue voting until a candidate prevails. 

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Hannity: Speaker vote chaos bad for GOP

Just In | The Hill 

Fox News host Sean Hannity warned a delayed nomination of a House Speaker is bad for the Republican Party and for the country.

“House Republicans now are on the verge of becoming a total clown show if they’re not careful,” Hannity said on his nightly show Tuesday, adding “it’s not a dire situation — yet.”

“If this fight goes on and on for day after day, week after week and the Republican agenda totally stalls out, you can forget about holding Biden accountable for pretty much anything,” Hannity said later. “And the country will feel angry and frustrated and they will feel betrayed.”

There was chaos in the House on Tuesday as GOP Leader Kevin McCarthy’s (Calif.) bid to become the next Speaker failed in three consecutive votes after a number of hard-line conservative Republicans refused to support him.

After the third failed vote, party leaders adjourned the chamber, putting off the process until Wednesday. 

Hannity spoke directly to the roughly 20 hard-line Republicans “still worried about supporting McCarthy,” listing a number of arguments for backing the California Republican, including saying he’s proposed a plan that’s “exactly the America First, MAGA agenda I know so many of you like.”

The remarks stand in contrast to comments made an hour earlier on Fox News by Tucker Carlson, another leading host at the network, who said it was “refreshing to see” McCarthy struggle to secure the 218 votes he needs to win the gavel.

“The fact that this race has not been settled by now is being described by many, especially online, as embarrassing,” Carlson said earlier on Tuesday evening. “And it is embarrassing if you prefer the Soviet-style consensus of the Democratic Party’s internal elections. … That’s what they do.”

Hanging over the narratives being put forth by top Fox hosts and the GOP more generally is the influence of former President Trump, who early Wednesday morning called for all Republicans to rally around McCarthy.

“REPUBLICANS, DO NOT TURN A GREAT TRIUMPH INTO A GIANT & EMBARRASSING DEFEAT. IT’S TIME TO CELEBRATE, YOU DESERVE IT. Kevin McCarthy will do a good job, and maybe even a GREAT JOB – JUST WATCH!” Trump said in a social media post.

The Speaker’s race is expected to resume on Wednesday afternoon.

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Europe's hot mess response to China's Covid surge

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Pandemic politics is back. 

Three years into the COVID-19 crisis, which upended lives across the globe and led the EU to promise to work better together when the next health crisis emerged, countries have once again been involved in a political tug-of-war.

China’s decision to lift its zero-COVID policy has led to a surge in cases that has alarmed the world. But early attempts at a joint EU response were dashed when Italy announced its own border control measures on arrivals from China. 

While the EU is now inching toward a coordinated approach on travel measures for arrivals from China — including pre-departure testing, masks on flights and testing wastewater for possible new variants — and is set to hold a meeting of its crisis response body on Wednesday, it comes after countries one-by-one announced unilateral measures for travelers arriving from China.

“It is disappointing to me that — despite three years of pandemic — there still is not a coordinated EU united response,” said Marion Koopmans, head of the Erasmus MC’s department of viroscience. 

So why did European unity fall at the first hurdle? Here’s what you need to know.

What measures are in place for arrivals from China?

Here’s a brief rundown of a fast-moving situation. Most countries have announced some form of testing, with Italy testing travelers arriving from China and isolating those that are positive. Spain is testing and carrying out temperature checks, and from Tuesday, imposing COVID certificates, and France requires negative tests before traveling from China, masks on planes and PCR tests on arrival for all passengers.

Sweden became the latest EU country to announce plans to implement restrictions, saying Tuesday that it was “preparing to introduce travel restrictions requiring a negative COVID-19 test for entry to Sweden from China.” 

Across the Channel, the U.K. announced Friday it would require a negative test before travel and would also be taking samples from arrivals. 

Belgium, however, has taken a different tack, testing the wastewater from planes twice a week and sequencing the samples to search for new variants.

All this could change on Wednesday, however, with the EU’s crisis response body meeting to discuss (finally) a coordinated response.

A Chinese traveler leaves the arrival hall of Rome Fiumicino airport on December 29, 2022 after being tested for COVID-19 | Filippo Monteforte/AFP via Getty Images

Why the different responses?

There are multiple factors at play — bitter experience, fear of new variants, concerns about China’s secrecy, and good old economics.

Italy, the first to strike out alone, has said its rules will ensure “surveillance and identification of any variants of the virus in order to protect the Italian population.” This decision seems to be driven by the psychology that Italy was hit incredibly hard by COVID-19 in 2020, said Elizabeth Kuiper, associate director and head of the social Europe and well-being program at the European Policy Centre think tank. 

France has justified its decision by saying the government has taken “health control measures in order to ensure the protection of the French population.” As well as testing, they will also be sequencing positive test results to screen for new variants, according to the prime minister, Elisabeth Borne, potentially belying a mistrust of information coming out of China.

Over in the U.K., the government has no qualms about saying its decision is due to the “lack of comprehensive health information shared by China.” The health ministry said that if there is an improvement in the sharing of information and greater transparency “then temporary measures will be reviewed.”

Others have held back. For Austria, which has so far resisted pressure from countries like Italy to coalesce around bloc-wide travel measures, any restriction on China arrivals would be a massive blow. The Austrian government has said that China’s reopening “heralds the return of the most important Asian source market for the coming tourism seasons.” 

This is “a clear example of how countries are trying to balance the economic consequences of COVID and public health concerns,” said Kuiper. 

Didn’t EU countries agree to work together? 

One of Europe’s key lessons from the pandemic was supposed to have been to respond collectively to health threats. It was so important to countries that the EU Health Union was established. But the disagreements over China show that the “default to knee-jerk national responses hasn’t entirely gone away,” said Paul Belcher, consultant in European public health and adviser to the European Public Health Alliance. 

This disorderly response has raised questions over whether EU coordination has taken the right form. A central part of the EU Health Union is the Health Emergency Preparedness and Response Authority (HERA), which was established precisely to enable Europe to respond quickly and appropriately during a health crisis. But it sits within the European Commission rather than independently — which has tied its hands somewhat, argued the European Policy Centre’s Kuiper.

“If HERA would have been an independent agency, they could have taken a stronger EU position concerning the need for travel restrictions for passengers coming from China,” Kuiper said. Without this leadership, countries have taken measures based on national motivations, she said. 

Can we believe Chinese data?

WHO chief Tedros Adhanom Ghebreyesus said that in order to make a comprehensive risk assessment of the situation on the ground the WHO “needs more detailed information” | Fabrice Coffrini/AFP via Getty Images

Concerns about China’s transparency on COVID-19 are nothing new but as the country opens its borders, even the World Health Organization, which usually declines to point the finger at specific countries, has called for more information. 

WHO chief Tedros Adhanom Ghebreyesus has said that in order to make a comprehensive risk assessment of the situation on the ground the WHO “needs more detailed information.”

What China is doing is sharing genetic sequence data on the international database GISAID, “which is laudable,” said David Heymann, professor of infectious disease epidemiology at the London School of Hygiene and Tropical Medicine. “But they are not sharing the epidemiological data that will help understand the transmissibility and virulence that goes along with each sequence information and thus leaving a gap in our understanding,” he said.

Meanwhile, China isn’t pleased with the global response. “Some countries have implemented entry restrictions targeting only Chinese travelers. This has no scientific basis, and some practices are unacceptable,” a spokesperson said.

What does the science say?

“There is no scientific consensus on what to do, whether it makes sense to test everyone at arrival or not,” said Steven Van Gucht, head of the scientific service of viral diseases at the Belgian national institute for public and animal health. “The current discussion is a mixture of the scientific debate, but it’s also political.”

One of the major concerns is that new variants could emerge from China. Some scientists say this is unlikely as China is behind the curve on new variants. “Because China’s variants have been and gone in the rest of the world, the threat of these viruses coming back out of China and causing waves is pretty unlikely,” said virologist Tom Peacock of Imperial College, London. Initial sequencing out of Italy has indicated that there were no new COVID variants among Chinese visitors.

Koopmans said that — based on what has been shared so far — the variants circulating in China are not so different from what’s being seen in other parts of the world, but “there are no reasons to assume they are ‘less fit.’”

However, if a new variant did emerge, it’s unlikely travel restrictions would completely stop the spread. For Koopmans, travel restrictions “in the past have shown they are not very effective at delaying transmission of variants.”

One way of quickly spotting the arrival of new variants without targeting individual passengers is to test wastewater from toilets on airplanes or at airports, something that European Health Commissioner Stella Kyriakides has called for — and which is on the table for Wednesday’s meeting.

Additional reporting from Barbara Moens.


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FDA to allow pharmacies to dispense abortion pills to patients



CNN
 — 

The US Food and Drug Administration is allowing certified pharmacies to dispense the abortion medication mifepristone to people who have a prescription.

Mifepristone can be used along with another medication, misoprostol, to end a pregnancy. Previously, these pills could be ordered, prescribed and dispensed only by a certified health-care provider. During the Covid-19 pandemic, the FDA allowed the pills to be sent through the mail and said it would no longer enforce a rule requiring people to get the first of the two drugs in person at a clinic or hospital.

As of Tuesday, the in-person requirement has been permanently removed, according to Danco Laboratories, which markets the drugs under the brand name Mifeprex. Pharmacies that become certified to do so can dispense the drugs directly to someone who has a prescription from a certified prescriber. The updated information was posted Tuesday on the FDA’s website.

“A time when people across the country are struggling to obtain abortion care services, this modification is critically important to expanding access to medication abortion services and will provide healthcare providers with an additional method for providing their patients with a safe and effective option for ending early pregnancy,” Danco said in a statement.

Laws vary by state, but the medications can be taken up to 11 weeks after the first day of the last menstrual period. Telehealth prescriptions are an option in some states, or a person could travel to a state where abortion is legal to get the pills.

Medication abortion is used in more than half of abortions in the US, outpacing surgical procedures for the first time in 2020, according to the Guttmacher Institute, a research group that supports abortion rights.

Pharmacy chain CVS said in a statement Tuesday that it is reviewing the updated requirements.

“We’re reviewing the FDA’s updated Risk Evaluation and Mitigation Strategy (REMS) drug safety program certification requirements for mifepristone to determine the requirements to dispense in states that do not restrict the dispensing of medications prescribed for elective termination of pregnancy.”

Walgreens also said it is reviewing the changes.

The FDA’s move comes days after a new Justice Department legal opinion declared that federal law allows the US Postal Service to deliver the abortion drugs – a move the Biden Administration believes could help protect access to abortion in states that have enacted bans following the Supreme Court decision to overturn Roe v. Wade.

The Office of Legal Counsel opinion dated December 23, 2022, said that the 1873 Comstock Act “does not prohibit the mailing of certain drugs that can be used to perform abortions where the sender lacks the intent that the recipient of the drugs will use them unlawfully.”

“Because there are manifold ways in which recipients in every state may lawfully use such drugs, including to produce an abortion, the mere mailing of such drugs to a particular jurisdiction is an insufficient basis for concluding that the sender intends them to be used unlawfully,” the opinion added.

Following the reversal of Roe v. Wade last year, the USPS sought the advice of the OLC on whether federal law prohibits the mailing of mifepristone and misoprostol.

In the wake of the Supreme Court ruling, Attorney General Merrick Garland issued a statement promising to work with the FDA and other federal agencies to protect access to such drugs, which some states have sought to ban.

“States may not ban Mifepristone based on disagreement with the FDA’s expert judgment about its safety and efficacy,” Garland said in a statement.

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Endeavor shares fall after video shows UFC boss Dana White hitting wife on New Year's Eve

Dana White appears at the UFC 282 post-fight press conference on December 10, 2022, at the T-Mobile Arena in Las Vegas, NV.

Amy Kaplan | Icon Sportswire | Getty Images

Media and entertainment company Endeavor saw its shares fall Tuesday after a video showing Dana White, president of its Ultimate Fighting Championship business, slapping his wife.

Endeavor shares closed down nearly 6%.

This week, a video published by TMZ showed White getting into an altercation with his wife, Anne, at a New Year’s Eve party in Cabo San Lucas, Mexico. In the video, it appears the two are arguing before Anne White slaps Dana White. He then slaps her.

Endeavor and the UFC didn’t immediately respond to requests for comment.

White issued a public apology Monday, according to media reports. Anne White also issued a separate statement to TMZ, calling it an isolated incident.

White is synonymous with UFC, having served as its president since 2001.

Stock picks and investing trends from CNBC Pro:

In 2014, White spoke out about domestic violence after Ray Rice of the NFL assaulted his fiancee, saying you “don’t bounce back from putting your hands on a woman,” according to media reports. “Been that way in the UFC since we started here.”

Following the comments, White also revealed the UFC screens people for domestic violence.

Hollywood powerhouse Endeavor began as a talent agency and was co-founded by one of the industry’s most recognizable agents, Ari Emanuel. Endeavor has bulked up over the years through a series of acquisitions, owning and managing live events like the Miami Open tennis tournament and the Miss Universe international beauty pageant.

Endeavor acquired a controlling interest in UFC, a popular mixed martial arts league, in 2016. It took full ownership of UFC in 2021, the year Endeavor had its initial public offering, according to a securities filing.

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Shares of Charles Schwab could rise 20% as interest rates peak, Goldman Sachs says in upgrade

US Top News and Analysis 

This could be a strong year for Charles Schwab , according to Goldman Sachs. Analyst Alexander Blostein upgraded shares to buy from neutral. The analyst also has a price target of $98 per share, implying upside of roughly 20% from Tuesday’s close. Shares rose more than 1% on Wednesday. “We think that most of the macro-driven earnings upside from higher rates is already in the run-rate, but select upside opportunities still exist,” Blostein wrote in a Wednesday note. “Importantly, with terminal rates likely stabilizing at the highest rate since the GFC, we think the sector’s significantly enhanced earnings power should not be ignored (even if short-term rates decline modestly), driving both accelerated share repurchases and more inorganic opportunities,” Blostein added. Charles Schwab has “under-appreciated earnings and capital return opportunities” through 2024 that will boost the stock, according to the analyst. “SCHW is likely to see the most growth in cash revenues (NII + BDA fees) in 2024 vs. 4Q22 levels at an estimated +26%,” the analyst wrote. —CNBC’s Michael Bloom contributed to this report.

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SsangYong Motor To Be Renamed To KG Mobility

Carscoops 

SsangYong Motor will change its name to KG Mobility, as the automaker is coming out of a long period of financial difficulties leading to its recent bankruptcy. The decision was taken by KG Group which owns the majority stake in Ssangyong.

As reported by the Korea Herald, the announcement was made during an event held by the Korea Automobile Journalists Association at Four Seasons Hotel Seoul. In order for SsangYong Motor to officially become KG Mobility, the new name needs to be approved by the general shareholders meeting this March, something that is considered a given.

Read: All-New SsangYong Torres Debuts In Korea With Rugged Looks, $21K Starting Price

This official sketch shows the all-new SsangYong Torres with the first-gen Musso (1993-2005) and the second-gen Korando (1996-2006)

KG Group, a Korean company specializing in steel and chemicals, acquired a 61.86% stake in SsangYong Motors last August after the automaker went into receivership. The goal of the new name which will be combined with a redesigned logo and a new corporate identity is to leave the past behind and start a new era for the company. It is also a sign that the new owner wants to transform the company into a mobility brand.

Kwak Jea-sun, KG Group Chairman said that the name change was “an extremely difficult decision”, but in the end, they opted for a complete overhaul instead of taking the easy road to keep the SsangYong and dropping the Motor from the old name. Kwak said: “The name – SsangYong Motor – has a fandom with good memories, but it also has a painful image. From now, all SsangYong cars will come out to the world under the name of KG. Even with the name change, SsangYong Motor’s history will not change”.

The SsangYong Rexton is the flagship offering of company

This is not the first name change in the long history of the oldest Korean automaker. Dong-hwan Motor was founded in 1954, and in 1963 merged with Dongbang Motor to create the Ha Dong-hwan Motor Corporation. In 1977, the company was renamed to Dong-A Motor and in 1984 it was acquired by Keohwa. In 1986 it was bought by SsangYong Business Group and got its final SsangYong Motor name in 1988, retaining it for the next 35 years. Over this period, SsangYong Motor passed under the control of Daewoo Group, SAIC, and Mahindra who was the last owner before the bankruptcy, following a long search for buyers and a failed takeover by Edison Motors.

It remains to be seen how the KG Mobility era will affect the design of SsangYong Motor’s SUV models. The current lineup includes the Tivoli, XLV, Korando, Rexton, and Musso pickup, alongside the all-new Torres that debuted in 2022 as the last SUV with the SsangYong badge.

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