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U.S. President Trump speaks at the Rx Drug Abuse & Heroin Summit in Atlanta, Georgia
U.S. President Donald Trump departs after delivering remarks at the Rx Drug Abuse & Heroin Summit in Atlanta, Georgia, U.S., April 24, 2019. REUTERS/Leah Millis

April 25, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday said he had never ordered his White House counsel at the time, Donald McGahn, to fire Special Counsel Robert Mueller, as described in the report Mueller wrote about the investigation into Russian meddling in the 2016 U.S. election and whether the Trump campaign colluded with Russia.

“As has been incorrectly reported by the Fake News Media, I never told then White House Counsel Don McGahn to fire Robert Mueller, even though I had the legal right to do so. If I wanted to fire Mueller, I didn’t need McGahn to do it, I could have done it myself,” Trump wrote on Twitter.

The Democratic chairman of the House judiciary panel has issued a subpoena for McGahn to testify and provide documents to the committee, but it is not clear whether the White House will comply. Trump has vowed to fight every subpoena from House Democrats probing his administration.

(Reporting by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 25, 2019

By Sruthi Shankar

(Reuters) – Dow and S&P futures were pressured by a steep fall in industrial company 3M’s shares on Thursday, while upbeat results from high-flying companies Facebook and Microsoft supported Nasdaq futures.

Investors are assessing earnings reports from some of the biggest U.S. companies this week to see if the strong run-up in market since the start of the year is justified as the main Wall Street indexes hover below all-time highs.

The S&P 500 is trading roughly 0.5% below its intraday record hit in late September, while the Nasdaq hit an intra-day record high on Wednesday but failed to close at those levels.

“As the earnings season gains potency, the missing link to a stronger upward move is low volume, suggesting a cautious attitude by investors,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

3M Co’s shares tumbled 9.1% in premarket trading after the company said it would lay off 2,000 workers globally as it reported a lower-than-expected quarterly profit and cut its 2019 earnings forecast.

Microsoft Corp gained 5% after the company beat Wall Street estimates for quarterly results and predicted continued growth for its cloud computing business.

After a 23% rally in its shares this year, the software company is set to topple Apple Inc as the most valuable publicly listed U.S. company.

Facebook Inc jumped 8.4% after the social media giant’s quarterly profit blew past Wall Street’s profit estimates and the company set aside $3 billion to cover a settlement with U.S. regulators.

At 7:18 a.m. ET, Dow e-minis were down 104 points, or 0.39%. S&P 500 e-minis were up 0.25 points, or 0.01% and Nasdaq 100 e-minis were up 17.5 points, or 0.22%.

Among other movers, Lam Research gained 4.8% after the semiconductor equipment maker reported better-than-expected quarterly results.

Amazon.com Inc, Intel Corp and Ford Motor Co are among the big names set to report results after the bell.

Economic data due at 8:30 a.m. ET is expected to show new orders for U.S. core capital goods rebounded in March, after falling unexpectedly in February.

Separately, a Labor Department report is expected to show the number of Americans filing applications for unemployment benefits rising 8,000 to a seasonally adjusted 200,000 for the week ended April 20.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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A new generation of young and media-savvy political leaders is vying to become Spain’s next prime minister in a general election Sunday. They are all men and less than 50.

A deeply divided parliament is expected to emerge from the ballot, and whoever gets the most votes will likely need to sit down and negotiate a complicated governing alliance.

Here’s a look at the main candidates vying to take office:

PEDRO SÁNCHEZ

Sánchez, the Socialist party leader and incumbent prime minister, is aiming to pull off yet another unexpected political turnaround.

He was forced to call an early election when his minority government failed to pass a national spending bill in February.

Now, all polls forecast that the Socialists will overtake the conservative Popular Party to garner the most votes on Sunday, but it will be nowhere near a majority.

That would be another surprising victory for the 47-year-old former basketball player who temporarily lost his party leadership in 2016 in an internal spat following two crushing defeats in consecutive national elections.

But rank-and-file party members took back Sánchez as the Socialists’ general secretary in mid-2017 and a year later he engineered a stunning maneuver and became prime minister, forcing his predecessor Mariano Rajoy to face a no-confidence vote over corruption cases tainting the Popular Party.

PABLO CASADO

Casado is facing his first election as head of the Popular Party, Spain’s dominant conservative political force for the past three decades.

The 38-year-old lawyer, who has made most of his career in politics, took over as party chief in July vowing to clean up party corruption with a zero-tolerance approach.

Casado has been dragging the party toward more conservative ground and calling for a stronger stance on Catalan separatism. The goal is to prevent a flood of votes going to the center-right Citizens party, perceived as tougher on the Catalonia issue, and the far-right Vox.

ALBERT RIVERA

The 39-year-old Rivera is anything but shy. A university debate champion and water polo player in his youth, Rivera made his debut in politics in 2006 at age 27 by posing nude for a campaign poster.

He has since led Citizens. It began as a tiny party in Barcelona, created to fight the local Catalan secessionist movement, and it has now spread across Spain.

Presenting himself as a champion of free market, Rivera’s party has tried to carve out a space in the center of Spanish politics, enticing voters from both the Socialists and the Popular Party.

Citizens’ newcomer status is now threatened by the upstart Vox, which is also luring conservative voters.

PABLO IGLESIAS

Iglesias was tipped to lead a leftist takeover of Spain in 2015. Now, the pony-tailed former TV politics commentator is struggling to keep his far-left United We Can party from breaking apart.

United We Can has been wracked by in-fighting among its leaders and the polls show it may pay a heavy price.

After returning from paternity leave to care for his premature twins he had with party No. 2 Irene Montero, the 40-year-old Iglesias is trying to rekindle the indignation of the jobless and those most hurt by austerity measures.

Sánchez may need to rely on Iglesias for support in a coalition.

SANTIAGO ABASCAL

Abascal is the scion of a family targeted by the now-defunct separatist group ETA in his native Basque region.

He made his career as a member of the Popular Party and now hopes he and others from his Vox party will become the first far-right lawmakers to sit in parliament since 1982.

The platform of Vox, which means voice in Latin, is to defend Spain from what it says are the dangers of separatism, Muslim immigration, feminism and liberals.

The 43-year-old Abascal unapologetically defends hunting, bullfighting and traditional and Catholic family values.

He has said that he wants to “reconquer” Spain, a reference to the 15th-century expulsion of Muslims and Jews from Spanish territory.

The pistol-carrying politician has called for dropping strict gun controls.

Source: Fox News World

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Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai
FILE PHOTO: A Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song

April 25, 2019

LONDON (Reuters) – British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the “unacceptable” disclosure of confidential discussions on the role of China’s Huawei Technologies in 5G network supply chains.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

Sources told Reuters on Wednesday Britain’s National Security Council (NSC) had decided to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core parts.

The leak of information from a meeting of the NSC, first reported in national newspapers, has sparked anger in parliament because the committee’s discussion are supposed to be secret.

“We cannot exclude the possibility of a criminal investigation here,” Wright said, speaking in response to an urgent question on Huawei in parliament.

“I do not think that the motivation for this leak matters in the slightest. This was unacceptable and it is corrosive to the ability to deliver good government.”

Wright said that such leaks endangered the ability of the committee, made up of senior ministers and which hears regularly from intelligence agency bosses, to get unequivocal and frank security advice from experts.

“Decisions will get less and less properly-based if we can’t trust people to keep private what should be kept private,” he said.

A spokesman for Prime Minister Theresa May, who chairs the NSC, declined to comment upon leaks or questions on leak enquiries, but said: “The prime minister is clear that the protection of information on matters of national security is of the highest importance.”

Wright said that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

(Reporting by William James, Elizabeth Piper and Kylie MacLellan. Editing by Andrew MacAskill)

Source: OANN

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FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured at the headquarters in Le Passage
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured at the headquarters in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau/File Photo

April 25, 2019

By Michael Erman

NEW YORK (Reuters) – U.S drugmaker Bristol-Myers Squibb Co, which is set to buy biotechnology company Celgene Corp for $74 billion, posted slightly better-than-expected first-quarter earnings on Thursday on strong sales of its blockbuster blood thinner Eliquis.

Net earnings in the quarter rose to $1.71 billion, or $1.04 a share, from $1.49 billion, or 91 cents a share, a year earlier.

Excluding one-time items, the company said it earned $1.10 a share. That beat the average analyst estimate by a penny, according to IBES data from Refinitiv.

Bristol-Myers said it still expects full-year adjusted earnings of $4.10 to $4.20 per share.

Revenue in the quarter was $5.92 billion, exceeding analysts’ estimates of $5.75 billion.

That difference is largely due to Eliquis, which Bristol shares with Pfizer Inc. Sales of the drug used to prevent blood clots that can cause strokes jumped 28 percent from last year to $1.93 billion. Analysts had expected $1.82 billion from the drug in the quarter.

Sales of cancer immunotherapy Opdivo were in line with Wall Street expectations at $1.8 billion, up 19 percent from a year ago but basically flat compared with the previous quarter.

Bristol-Myers pioneered cancer immunotherapy with its first such drug Yervoy and later Opdivo. But Merck & Co’s rival treatment Keytruda has taken a dominant position in lung cancer – the most lucrative oncology market – taking a toll on Bristol-Myers shares.

Some analysts and investors have suggested that one reason Bristol launched its bid for Celgene was over concerns about Opdivo’s growth after losing ground to Merck.

Bristol said it still expects the deal to close in the third quarter, after its shareholders voted to approve the deal earlier this month despite a campaign by activist hedge fund Starboard Value LP to scuttle it.

The company announced in early January that it planned to buy Celgene in a cash and stock transaction to bring together companies that specialize in oncology and cardiovascular drugs in what would be the largest pharmaceutical industry merger ever.

The New York-based drugmaker has said the combined company will have six drugs with expected near-term launches – five from the Celgene pipeline – representing over $15 billion in annual revenue potential, as well as strong early-stage experimental assets.

Shares of Bristol-Myers closed at $44.62 on the New York Stock Exchange on Wednesday. They are off by about a third since October, when shares dropped due to setbacks for Opdivo in lung cancer.

(Reporting by Michael Erman; Editing by Bill Berkrot)

Source: OANN

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Trump denies telling White House counsel to fire Mueller

U.S. President Trump speaks at the Rx Drug Abuse & Heroin Summit in Atlanta, Georgia
U.S. President Donald Trump departs after delivering remarks at the Rx Drug Abuse & Heroin Summit in Atlanta, Georgia, U.S., April 24, 2019. REUTERS/Leah Millis

April 25, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday said he had never ordered his White House counsel at the time, Donald McGahn, to fire Special Counsel Robert Mueller, as described in the report Mueller wrote about the investigation into Russian meddling in the 2016 U.S. election and whether the Trump campaign colluded with Russia.

“As has been incorrectly reported by the Fake News Media, I never told then White House Counsel Don McGahn to fire Robert Mueller, even though I had the legal right to do so. If I wanted to fire Mueller, I didn’t need McGahn to do it, I could have done it myself,” Trump wrote on Twitter.

The Democratic chairman of the House judiciary panel has issued a subpoena for McGahn to testify and provide documents to the committee, but it is not clear whether the White House will comply. Trump has vowed to fight every subpoena from House Democrats probing his administration.

(Reporting by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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Dow futures hit by 3M results; upbeat tech results support Nasdaq

Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 25, 2019

By Sruthi Shankar

(Reuters) – Dow and S&P futures were pressured by a steep fall in industrial company 3M’s shares on Thursday, while upbeat results from high-flying companies Facebook and Microsoft supported Nasdaq futures.

Investors are assessing earnings reports from some of the biggest U.S. companies this week to see if the strong run-up in market since the start of the year is justified as the main Wall Street indexes hover below all-time highs.

The S&P 500 is trading roughly 0.5% below its intraday record hit in late September, while the Nasdaq hit an intra-day record high on Wednesday but failed to close at those levels.

“As the earnings season gains potency, the missing link to a stronger upward move is low volume, suggesting a cautious attitude by investors,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

3M Co’s shares tumbled 9.1% in premarket trading after the company said it would lay off 2,000 workers globally as it reported a lower-than-expected quarterly profit and cut its 2019 earnings forecast.

Microsoft Corp gained 5% after the company beat Wall Street estimates for quarterly results and predicted continued growth for its cloud computing business.

After a 23% rally in its shares this year, the software company is set to topple Apple Inc as the most valuable publicly listed U.S. company.

Facebook Inc jumped 8.4% after the social media giant’s quarterly profit blew past Wall Street’s profit estimates and the company set aside $3 billion to cover a settlement with U.S. regulators.

At 7:18 a.m. ET, Dow e-minis were down 104 points, or 0.39%. S&P 500 e-minis were up 0.25 points, or 0.01% and Nasdaq 100 e-minis were up 17.5 points, or 0.22%.

Among other movers, Lam Research gained 4.8% after the semiconductor equipment maker reported better-than-expected quarterly results.

Amazon.com Inc, Intel Corp and Ford Motor Co are among the big names set to report results after the bell.

Economic data due at 8:30 a.m. ET is expected to show new orders for U.S. core capital goods rebounded in March, after falling unexpectedly in February.

Separately, a Labor Department report is expected to show the number of Americans filing applications for unemployment benefits rising 8,000 to a seasonally adjusted 200,000 for the week ended April 20.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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A look at the candidates in Spain’s general election

A new generation of young and media-savvy political leaders is vying to become Spain's next prime minister in a general election Sunday. They are all men and less than 50.

A deeply divided parliament is expected to emerge from the ballot, and whoever gets the most votes will likely need to sit down and negotiate a complicated governing alliance.

Here's a look at the main candidates vying to take office:

PEDRO SÁNCHEZ

Sánchez, the Socialist party leader and incumbent prime minister, is aiming to pull off yet another unexpected political turnaround.

He was forced to call an early election when his minority government failed to pass a national spending bill in February.

Now, all polls forecast that the Socialists will overtake the conservative Popular Party to garner the most votes on Sunday, but it will be nowhere near a majority.

That would be another surprising victory for the 47-year-old former basketball player who temporarily lost his party leadership in 2016 in an internal spat following two crushing defeats in consecutive national elections.

But rank-and-file party members took back Sánchez as the Socialists' general secretary in mid-2017 and a year later he engineered a stunning maneuver and became prime minister, forcing his predecessor Mariano Rajoy to face a no-confidence vote over corruption cases tainting the Popular Party.

PABLO CASADO

Casado is facing his first election as head of the Popular Party, Spain's dominant conservative political force for the past three decades.

The 38-year-old lawyer, who has made most of his career in politics, took over as party chief in July vowing to clean up party corruption with a zero-tolerance approach.

Casado has been dragging the party toward more conservative ground and calling for a stronger stance on Catalan separatism. The goal is to prevent a flood of votes going to the center-right Citizens party, perceived as tougher on the Catalonia issue, and the far-right Vox.

ALBERT RIVERA

The 39-year-old Rivera is anything but shy. A university debate champion and water polo player in his youth, Rivera made his debut in politics in 2006 at age 27 by posing nude for a campaign poster.

He has since led Citizens. It began as a tiny party in Barcelona, created to fight the local Catalan secessionist movement, and it has now spread across Spain.

Presenting himself as a champion of free market, Rivera's party has tried to carve out a space in the center of Spanish politics, enticing voters from both the Socialists and the Popular Party.

Citizens' newcomer status is now threatened by the upstart Vox, which is also luring conservative voters.

PABLO IGLESIAS

Iglesias was tipped to lead a leftist takeover of Spain in 2015. Now, the pony-tailed former TV politics commentator is struggling to keep his far-left United We Can party from breaking apart.

United We Can has been wracked by in-fighting among its leaders and the polls show it may pay a heavy price.

After returning from paternity leave to care for his premature twins he had with party No. 2 Irene Montero, the 40-year-old Iglesias is trying to rekindle the indignation of the jobless and those most hurt by austerity measures.

Sánchez may need to rely on Iglesias for support in a coalition.

SANTIAGO ABASCAL

Abascal is the scion of a family targeted by the now-defunct separatist group ETA in his native Basque region.

He made his career as a member of the Popular Party and now hopes he and others from his Vox party will become the first far-right lawmakers to sit in parliament since 1982.

The platform of Vox, which means voice in Latin, is to defend Spain from what it says are the dangers of separatism, Muslim immigration, feminism and liberals.

The 43-year-old Abascal unapologetically defends hunting, bullfighting and traditional and Catholic family values.

He has said that he wants to "reconquer" Spain, a reference to the 15th-century expulsion of Muslims and Jews from Spanish territory.

The pistol-carrying politician has called for dropping strict gun controls.

Source: Fox News World

0 0

UK minister: Huawei leaks ‘unacceptable’, criminal investigation possible

Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai
FILE PHOTO: A Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song

April 25, 2019

LONDON (Reuters) – British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the “unacceptable” disclosure of confidential discussions on the role of China’s Huawei Technologies in 5G network supply chains.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

Sources told Reuters on Wednesday Britain’s National Security Council (NSC) had decided to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core parts.

The leak of information from a meeting of the NSC, first reported in national newspapers, has sparked anger in parliament because the committee’s discussion are supposed to be secret.

“We cannot exclude the possibility of a criminal investigation here,” Wright said, speaking in response to an urgent question on Huawei in parliament.

“I do not think that the motivation for this leak matters in the slightest. This was unacceptable and it is corrosive to the ability to deliver good government.”

Wright said that such leaks endangered the ability of the committee, made up of senior ministers and which hears regularly from intelligence agency bosses, to get unequivocal and frank security advice from experts.

“Decisions will get less and less properly-based if we can’t trust people to keep private what should be kept private,” he said.

A spokesman for Prime Minister Theresa May, who chairs the NSC, declined to comment upon leaks or questions on leak enquiries, but said: “The prime minister is clear that the protection of information on matters of national security is of the highest importance.”

Wright said that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

(Reporting by William James, Elizabeth Piper and Kylie MacLellan. Editing by Andrew MacAskill)

Source: OANN

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Bristol-Myers profit slightly tops Wall Street view on blood thinner sales

FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured at the headquarters in Le Passage
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured at the headquarters in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau/File Photo

April 25, 2019

By Michael Erman

NEW YORK (Reuters) – U.S drugmaker Bristol-Myers Squibb Co, which is set to buy biotechnology company Celgene Corp for $74 billion, posted slightly better-than-expected first-quarter earnings on Thursday on strong sales of its blockbuster blood thinner Eliquis.

Net earnings in the quarter rose to $1.71 billion, or $1.04 a share, from $1.49 billion, or 91 cents a share, a year earlier.

Excluding one-time items, the company said it earned $1.10 a share. That beat the average analyst estimate by a penny, according to IBES data from Refinitiv.

Bristol-Myers said it still expects full-year adjusted earnings of $4.10 to $4.20 per share.

Revenue in the quarter was $5.92 billion, exceeding analysts’ estimates of $5.75 billion.

That difference is largely due to Eliquis, which Bristol shares with Pfizer Inc. Sales of the drug used to prevent blood clots that can cause strokes jumped 28 percent from last year to $1.93 billion. Analysts had expected $1.82 billion from the drug in the quarter.

Sales of cancer immunotherapy Opdivo were in line with Wall Street expectations at $1.8 billion, up 19 percent from a year ago but basically flat compared with the previous quarter.

Bristol-Myers pioneered cancer immunotherapy with its first such drug Yervoy and later Opdivo. But Merck & Co’s rival treatment Keytruda has taken a dominant position in lung cancer – the most lucrative oncology market – taking a toll on Bristol-Myers shares.

Some analysts and investors have suggested that one reason Bristol launched its bid for Celgene was over concerns about Opdivo’s growth after losing ground to Merck.

Bristol said it still expects the deal to close in the third quarter, after its shareholders voted to approve the deal earlier this month despite a campaign by activist hedge fund Starboard Value LP to scuttle it.

The company announced in early January that it planned to buy Celgene in a cash and stock transaction to bring together companies that specialize in oncology and cardiovascular drugs in what would be the largest pharmaceutical industry merger ever.

The New York-based drugmaker has said the combined company will have six drugs with expected near-term launches – five from the Celgene pipeline – representing over $15 billion in annual revenue potential, as well as strong early-stage experimental assets.

Shares of Bristol-Myers closed at $44.62 on the New York Stock Exchange on Wednesday. They are off by about a third since October, when shares dropped due to setbacks for Opdivo in lung cancer.

(Reporting by Michael Erman; Editing by Bill Berkrot)

Source: OANN

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Nintendo cautious on Switch China launch timeline, dampens low-cost console talk

FILE PHOTO: Attendee plays a video game at the E3 2017 Electronic Entertainment Expo in Los Angeles
FILE PHOTO: An attendee plays a video game next to the Nintendo booth at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake

April 25, 2019

By Sam Nussey

OSAKA (Reuters) – Japan’s Nintendo Co Ltd cautioned it will take time for the launch of its Switch console in China and dampened speculation about introducing a low-cost version of the device.

Nintendo’s partner Tencent Holdings won approval last week to sell the hybrid home-portable device in China. But though Nintendo Chief Executive Shuntaro Furukawa praised Tencent and the partnership on Thursday, he said Switch sales in China wouldn’t begin soon.

The news of the partnership and hopes that it will extend to mobile gaming helped lift Nintendo’s stock price to six-month highs last week. Mobile and PC gaming in China, the world’s largest video games market, dwarfs the market for consoles, whose growth has been pegged back by local regulations.

Nintendo’s push into mobile is yet to deliver a major hit, although analysts point to Mario Kart Tour, developed with DeNA and due for release this summer, as a possible contender.

The Kyoto-based gaming company, which has a reputation for making conservative forecasts, said it would sell 18 million Switch console units globally this financial year, up 6.2 percent from last year.

It expects operating profit to rise 4.1 percent to 260 billion yen ($2.3 billion) this year, well below an average analyst estimate of 342 billion yen, according to Refinitiv data.

Media reports that Nintendo is preparing a low-cost version of the Switch have helped push its shares higher in recent weeks.

Furukawa said at a news conference that while the company is always developing new hardware internally it has nothing to announce and had no plans to reveal new hardware at the E3 trade show in June.

Nintendo sold 16.95 million Switch hardware units in the year just ended, slightly undershooting its revised forecast of 17 million units. Nintendo had initially forecast sales of 20 million units before Furukawa took up the role in June.

The Switch games pipeline continues to create fan excitement, with two full Pokemon titles due later this year.

Nintendo expects to sell 125 million copies of Switch games in the current fiscal year, versus 118.55 million in the year ended in March.

The industry is facing a shake-up with established console gaming companies like Nintendo and Sony Corp exposed to competition from new entrants like Alphabet Inc’s Google offering browser-based games streaming services.

Furukawa said he welcomed new technology bringing games to users.

Nintendo’s shares closed up 1.3 percent ahead of the earnings announcement. Its share price has risen 32 percent year-to-date, pushing its market capitalization above 5 trillion yen.

(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)

Source: OANN

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Who’s Running for President? Meet the Democrat Candidates

With the entrance of former Vice President Joe Biden into the 2020 Democratic presidential contest on Thursday, the field is largely set, with all the big names included.

The sprawling Democratic field features candidates ranging from 37 to 77 years old; liberals and moderates; senators, governors and mayors; and an unprecedented number of women and minorities. Democrats view the upcoming election as a must-win, and they're looking to nominate someone who is their best hope to beat President Donald Trump.

Here are the 20 candidates:

JOE BIDEN

Age: 76

Best known for: Being former President Barack Obama's vice president from 2009 to 2017 and U.S. senator from Delaware from 1973 to 2009.

Biggest strength: He's well-known nationally and popular in some places Democrats have lost recently, such as working-class swing states Wisconsin, Michigan and Pennsylvania, his birthplace.

Biggest weakness: Biden would be the oldest person ever elected president, with a nearly five-decade record for opponents to comb through, at a time many in his party are clamoring for a new generation to take the reins. The notoriously chatty former senator also tends to commit verbal gaffes and faced recent accusations by some women of uninvited, though nonsexual, touching.

CORY BOOKER

Age: 49

Best known for: Serving as mayor of Newark and, currently, U.S. senator from New Jersey. He made headlines last year during his self-proclaimed "'I am Spartacus' moment" as he flouted Senate rules against disclosing confidential documents during Brett Kavanaugh's Supreme Court confirmation fight.

Biggest strength: His optimistic, unity-first attitude could resonate at a time of deep political divisions.

Biggest weakness: Trying to convince voters that he's tough enough to take on Trump.

PETE BUTTIGIEG

Age: 37

Best known for: Serving as mayor of South Bend, Indiana, and being a former Naval intelligence officer.

Biggest strength: He's won over voters and many skeptics with his intelligence and an articulate yet plain-spoken speaking style. He's also shown an ability to inspire voters of different ages with a message of hope and "a new generation of leadership" and has been able to raise millions more than many of his Democratic rivals.

Biggest weakness: His youth and lack of political experience — his only public office has been leading the community of about 100,000 people — will give some voters pause. He also will need to ramp up his campaign operations and do more to appeal to minority voters in order to maintain his early momentum.

JULIAN CASTRO

Age: 44

Best Known for: Serving as Health and Human Services secretary during President Barack Obama's second term and as the mayor of San Antonio, Texas, for five years.

Biggest strength: His youthfulness and status as the only Latino in the race could help him win the votes of Democrats looking for a new face of their party.

Biggest weakness: His fundraising lags well behind other contenders.

JOHN DELANEY

Age: 56

Best known for: Being a former congressman from Maryland.

Biggest strength: He has rolled out a rural-focus policy that includes proposals to strengthen family farmers and rural infrastructure, a plan that could play well in the battleground Rust Belt states won by Trump.

Biggest weakness: Low name recognition.

TULSI GABBARD

Age: 38

Best known for: Serving as a U.S. representative for Hawaii; the first American Samoan and first Hindu to be elected to Congress.

Biggest strength: Her military service in Iraq and Kuwait with the Hawaii National Guard.

Biggest weakness: She has been criticized for traveling to Syria in 2017 to meet with Syrian President Bashar Assad, who has been accused of war crimes and even genocide. She was also forced to apologize for her past work advocating against gay rights.

KIRSTEN GILLIBRAND

Age: 52

Best known for: The senator from New York is one of her chamber's most vocal members on issues of sexual harassment, military sexual assault, equal pay for women and family leave.

Biggest strength: Not being afraid to defy her own party in the #MeToo era, calling early for Democratic Sen. Al Franken's resignation over sexual misconduct allegations and saying Bill Clinton should have voluntary left the presidency over an affair with intern Monica Lewinsky.

Biggest weakness: Sluggish campaign fundraising in the wake of some unpleasant #MeToo headlines of her own, with Gillibrand acknowledging there were "post-investigation human errors" made when her Senate office investigated allegations of sexual misconduct against various staffers.

KAMALA HARRIS

Age: 54

Best known for: The former California attorney general is now the junior U.S. senator from California, known for her rigorous questioning of Trump's nominees.

Biggest strength: As the one black woman in the race, she's able to tap into networks like historically black colleges and universities and her Alpha Kappa Alpha sorority that haven't been fully realized before.

Biggest weakness: Her prosecutorial record has come under scrutiny amid a push for criminal justice reform.

JOHN HICKENLOOPER

Age: 67

Best known for: Being a quirky brewpub owner who became a politician late in life, rising to governor of Colorado.

Biggest strength: An unorthodox political persona and successful electoral track record in a swing state. He's one of the few governors in a race heavy with senators and D.C. stalwarts.

Biggest weakness: He's previously joked that he was too centrist to win the Democratic nomination. As governor he disappointed some environmentalists by not regulating the energy industry more. He's another white male baby boomer in a party filled with younger and more diverse candidates that better reflect its base.

JAY INSLEE

Age: 68

Best known for: Being governor of Washington state and a former congressman.

Biggest strength: His campaign emphasis is on combating climate change, which he frames as an economic opportunity in addition to a moral imperative.

Biggest weakness: He risks being labeled a one-issue candidate.

AMY KLOBUCHAR

Age: 58

Best known for: The three-term Minnesota senator raised her national profile during a Senate committee hearing for Supreme Court nominee Brett Kavanaugh when she asked him whether he had ever had so much to drink that he didn't remember what happened. He replied, "Have you?"

Biggest strength: She's known as a pragmatic lawmaker willing to work with Republicans to get things done, a quality that's helped her win across Minnesota, including in rural areas that supported Trump in 2016. She says her Midwestern sensibilities would help Democrats reclaim critical battlegrounds like Wisconsin and Michigan.

Biggest weakness: Her pragmatism may work against her in a primary, as Democratic voters increasingly embrace more liberal policies and positions. There have also been news reports that she has mistreated staff.

WAYNE MESSAM

Age: 44

Best known for: Serving as the mayor of Miramar, Florida, and playing on the Florida State University Seminoles' 1993 national championship football team.

Biggest strength: He touts his mayoral experience balancing government regulations needed to protect the environment while allowing room for companies to prosper.

Biggest weakness: Low name recognition and funding.

SETH MOULTON

Age: 40

Best known for: The Massachusetts congressman and Iraq War veteran gained national attention for helping lead an effort within the party to reject Nancy Pelosi as House speaker after Democrats regained control of the chamber.

Biggest strength: Military and congressional experience.

Biggest weakness: Low name recognition, late start on the fundraising necessary to qualify for the summer debate stage.

BETO O'ROURKE

Age: 46

Best known for: The former congressman narrowly lost the 2018 Senate race to Republican Ted Cruz in Texas, the country's largest conservative state.

Biggest strength: A do-it-yourself campaign style that packs lots of travel and multiple events into long days and encourages off-the-cuff discussions with voters that still allow O'Rourke to talk up his days as a onetime punk rock guitarist and his love for his home on the U.S.-Mexico border.

Biggest weakness: He's longer on enthusiasm and vague, bipartisan optimism than actual policy ideas, and the style-over-substance approach could see O'Rourke's strong early fundraising slip once the curiosity begins to fade.

TIM RYAN

Age: 45

Best known for: The Ohio congressman made an unsuccessful bid to replace Nancy Pelosi as House Democratic leader in 2016.

Biggest strength: Ryan has touted himself as a candidate who can bridge Democrats' progressive and working-class wings to win the White House.

Biggest weakness: Low name recognition, late start on grassroots fundraising.

BERNIE SANDERS

Age: 77

Best known for: A 2016 presidential primary campaign against Hillary Clinton that laid the groundwork for the leftward lurch that has dominated Democratic politics in the Trump era.

Biggest strength: The Vermont senator, who identifies himself as a democratic socialist, generated progressive energy that fueled his insurgent 2016 campaign and the best fundraising numbers of any Democrat so far.

Biggest weakness: Expanding his appeal beyond his largely white base of supporters.

ERIC SWALWELL

Age: 38

Best known for: The California congressman is a frequent guest on cable news criticizing President Donald Trump.

Biggest strength: Media savvy and youthfulness could appeal to young voters.

Biggest weakness: Low name recognition, late start on grassroots fundraising.

ELIZABETH WARREN

Age: 69

Best known for: The senator from Massachusetts and former Harvard University law professor whose calls for greater consumer protections led to the creation of the Consumer Financial Protection Bureau under then-President Barack Obama.

Biggest strength: Warren has presented a plethora of progressive policy ideas, including eliminating existing student loan debt for millions of Americans, breaking up farming monopolies and mammoth technology firms, implementing a "wealth tax" on households with high net worth and providing universal child care.

Biggest weakness: She is viewed as one of the most liberal candidates in the Democratic field, which could hurt her chances among moderates. Her policy-heavy approach also risks alienating voters at a time when other candidates are appealing to hearts as much as to minds.

MARIANNE WILLIAMSON

Age: 66

Best known for: Best-selling author and spiritual leader.

Biggest strength: Outsider who could draw interest from voters who are fans of her books.

Biggest weakness: Low name recognition, little political experience.

ANDREW YANG

Age: 44

Best known for: Entrepreneur who has generated buzz with his signature proposal for universal basic income to give every American $1,000 a month, no strings attached.

Biggest strength: Robust policy agenda, tech savvy.

Biggest weakness: Low name recognition, no political experience.

Source: NewsMax Politics


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