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Australia's prime minister said Sunday he was ready to "engage" with billionaire X owner Elon Musk over his criticism of the government's ban on under-16s joining social media. Anthony Albanese hailed the parliament's Thursday passage of landmark legislation requiring social media firms to take "reasonable steps" to prevent young teens from having accounts. The law, which will come into effect after 12 months, gives few details of how it will be enforced, including how sites like Facebook, Instagram and X will verify users' ages. Musk -- who has been named Donald Trump's government efficiency chief in the incoming US administration -- posted on X last month that the law "seems like a backdoor way to control access to the Internet by all Australians". "We will talk to anyone," Albanese said when asked if he would discuss the legislation with Musk. "With regard to Elon Musk, he has an agenda. He's entitled to push that as the owner of X, formerly known as Twitter," Albanese told Australian public broadcaster ABC. When the interviewer mentioned that Musk was also Trump's "right-hand man", the prime minister replied: "We will engage, we will engage." Social media firms that fail to comply with the new law face fines of up to Aus$50 million (US$32.5 million) for "systemic breaches". Musk's platform in October lost a legal bid to avoid a US$417,000 fine levelled by Australia's online watchdog, which has accused X of failing to stamp out harmful posts. The government will decide over the next 12 months how to implement the ban, Albanese said, insisting, however, that it would not require people to provide identification. "The obligation will be on social media companies to do everything they can to make sure that those people under 16 don't have access to social media," the prime minister said. "We know that social media companies have more information about you and I than some of our friends do," he added. "We know that they are able to do that, and the obligation will be on them." Albanese said he was "determined" to implement the legislation. "I've met parents who have had to bury their children as a result of the impact that social media has had as a result of bullying, and we need to do something about it," he said. Several social media giants have promised to work with the government on implementing the law. But they have also criticised the legislation, saying it was "rushed", full of unanswered questions, and did not take into account the views of experts who opposed it. The UN children's charity UNICEF Australia warned this week that the law was no "silver bullet" against online harm and could push kids into "covert and unregulated" spaces online. djw/mp/cwlThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . > 24/7 San Diego news stream: Watch NBC 7 free wherever you are U.S. government shutdown suspended The U.S. government narrowly avoided a shutdown after President Joe Biden signed a stopgap government funding bill on Saturday. President-elect Donald Trump and Elon Musk thwarted an initial, negotiated funding plan Wednesday by harshly criticizing its provisions, and specifically insisted on suspending the U.S. debt limit for two years. Slight chill in price increases U.S. headline inflation in November rose just 0.1% from October , according to the personal consumption expenditures price index. On an annual basis, prices increased 2.4%. Both readings were 10 basis points lower than expected. Core inflation also came in 10 basis points below forecast. The PCE is the U.S. Federal Reserve's preferred gauge of inflation. U.S. and Asia-Pacific markets rise On Friday, the S&P 500 rose 1.09%, the Dow Jones Industrial Average added 1.18% and the Nasdaq Composite climbed 1.03%. But all indexes fell on the week . Asia-Pacific stocks rose on Monday, following a positive finish on Wall Street on Friday. Japan's Nikkei 225 advanced around 1.2% as Honda , Nissan and Mitsubishi reportedly informed the country's industry ministry about beginning merger talks. CEOs see the door Blue-chip companies, such as Boeing , Intel and Starbucks , announced changes in their chief executive officers this year. They're not alone. There were 327 CEO departures in U.S. public companies this year through November, according to outplacement firm Challenger, Gray & Christmas. That's the highest level since the firm started tracking data in 2010. [PRO] Betting on Broadcom Nvidia is undeniably the king of the artificial intelligence chip space, and it's hard to see any company dethroning it in terms of market capitalization. But one portfolio manager told CNBC that Broadcom is "the next Nvidia in terms of outperformance potential Money Report Honda and Nissan officially begin merger talks to create world's third-largest automaker Meet Botto, the AI ‘machine artist' making millions of dollars Stocks sold off on Wednesday after the Fed indicated it sees two quarter-point rate cuts in the year ahead, fewer than the four previously projected. "We have been moving sideways on 12-month inflation," said Fed Chair Jerome Powell at his news conference. But November's PCE came in cooler than expected. "Sticky inflation appeared to be a little less stuck this morning," said Chris Larkin, managing director of trading and investing at E-Trade Morgan Stanley. The Fed has emphasized again and again that it's "data-dependent." Would the Fed, then, have presented the world with a slightly different dot plot, if they'd had the chance to review the PCE data first? Giving slight credence to that train of thought, Chicago Fed President Austan Goolsbee told CNBC's Steve Liesman he's hopeful November's inflation reading "suggests that the couple of months of firming were more of a bump than a change in path." In other words, the economy is "still on path to get to 2%," said Goolsbee. Then again, Powell said in July that the central bank would be "data dependent, but not data-point dependent" in determining when to cut rates. Even if November's PCE index did signal inflation returning to its downward trajectory, one month's data wouldn't have shifted the dots around. Perhaps two consecutive months of cooler reading might have? Those questions are rhetorical. Conditional questions are unanswerable, especially in markets. But in their indeterminacy and circuitous nature, they highlight the fact that trying to time or game the market, especially in volatile times like these, might not be the best idea. Instead, dig deep into the fundamentals — earnings, cash flow, future income — which sway stocks even as inflation and interest rates rise and fall. Remember the days when inflation reports and Fed meetings were just another day in markets? — CNBC's Jesse Pound, Brian Evans and Sean Conlon contributed to this report. Also on CNBC With cooler-than-expected PCE, would the Fed’s dot plot have looked different? In search of certainty, markets find volatility instead More certainty of increased volatilityglobe ph login 。

Jake Paul-Mike Tyson Fight’s “Off-The-Charts” Viewer Appeal Outweighed Tech Issues, Co-CEO Ted Sarandos SaysAs the holidays approach, there’s no better time to celebrate the magic of giving than by choosing gifts that come from the heart—and from our own South Shore community! This year, more than ever, local businesses are creating unique, handcrafted, and memorable items and experiences that add a special touch to every gift. Supporting our local artisans, shops, businesses, and nonprofit organizations helps keep our community thriving and adds meaning to each present exchanged. Whether you’re looking for a little something to bring holiday cheer or a memorable gift to surprise a loved one, the Tahoe Chamber is curating a Go Local Holiday Gift Guide to make your shopping experience as seamless and rewarding as possible. Packed with unique treasures from right here in Tahoe, this guide will be your best resource for thoughtful gifts that support both local and small businesses, as well as highlight the best of our region. Who is the Tahoe Chamber? The Tahoe Chamber is a nonprofit organization focused on developing, promoting, and representing South Shore businesses. By connecting businesses, residents, and visitors, the Chamber helps keep Tahoe’s spirit alive and its economy strong. Why Go Local This Holiday Season? Shopping locally means more than buying a product; it’s an investment in our community. It supports small-town artisans and business owners, preserves Tahoe’s unique charm, and strengthens the local economy: for every $100 spent at a locally-owned business, $68 will stay in the community. Are you an early bird holiday shopper? Here’s a teaser of some local gems to keep an eye out for in our Go Local Holiday Gift Guide! These curated picks are just a taste of what our local businesses have to offer, bringing a little bit of Tahoe into every home and heart this holiday season. 1) For the Sports Enthusiasts: Lake Tahoe Golf Course The Clubhouse at LTGC is now open year-round with full dining, a bar, and multi-sport simulators, offering fun for the whole family. Whether you’re looking for golf-related gifts, such as golf balls and golf clothing, or an experience for sports enthusiasts, consider Lake Tahoe Golf Course this holiday season. https://www.laketahoegc.com 2) For Wellness Lovers: Sierra Sauna Club Help loved ones unwind with the ultimate relaxation experience you can share together. This luxury mobile sauna includes a built-in cold plunge and comes directly to your location, offering a unique and rejuvenating experience for groups, couples, or solo wellness enthusiasts. https://www.sierrasaunaclub.com 3) For the Little Ones (and fur babies): South Lake Brewing Co. SLBC’s Little Bear Baby Onesies and Tees feature their constellation bear and make an adorable gift for families with a baby on the way. Or, for the fur babies, consider their Beer Can Dog Toys fresh off the canine canning line. Keep your dog engaged and entertained with this Plush Dog Toy while you enjoy your own crisp beverage. https://www.southlakebeer.com 4) For Earth Lovers: Gaia-licious Global Gifts This global gift boutique specializes in Fair Trade, locally made, and eco-friendly gifts. Here you’ll find unique clothing, accessories, yoga items, books, and Tahoe-themed gifts for the whole family, all while supporting local artists and a woman-owned business. https://www.gaialicious.com 5) For Date Night: Whittell Boosters Club Give the gift of a unique and meaningful date night experience by supporting George Whittell School’s students as they prepare for an educational trip to Boston and New York City. The Whittell Boosters are hosting a Disco Prom fundraiser on Thursday, January 16, 2025, at Tahoe Blue Estate, from 7:00 PM to 10:00 PM. Perfect for couples looking to mix fun with philanthropy, the event features groovy disco vibes, delicious appetizers, silent and live auctions, and even shuttle service to and from designated pick-up locations. https://www.whittellboosters.com 6) For the Practical-Minded: AirMedCare Network Gift your loved ones peace of mind this holiday season. With three annual household membership options for CA and NV residents, this practical gift is perfect for the entire family. https://www.amcnrep.com/msm/sonja-keller 7) For Stocking Stuffers: Blue Bear Apothecary Their 2024 Holiday collection features perfect gift and stocking stuffer ideas, including personalized gift baskets or individual gifts of scented candles, reed diffusers, car diffusers, and organic room sprays. Handmade lip balm, body oil, body butter, and sugar scrub are available in the festive Candy Cane Kiss scent. https://bluebear-apothecary.shop This holiday season, make an impact by choosing gifts that support our community and celebrate South Shore’s authentic charm. The Tahoe Chamber’s Go Local Holiday Gift Guide is your best source for thoughtful presents that give back to local businesses and artisans. Whether you’re an early bird shopper or searching for a last-minute find, you’ll discover something memorable that adds a personal touch to every celebration. Stay tuned this week for the full guide on the Tahoe Chamber’s website, newsletter, and social media platforms!

ROHM-TSMC Strategic Partnership Industry leading companies collaborate on the development and volume production of GaN power devices for EV applications GaN power devices are currently used in consumer and industrial applications, such as AC adapters and server power supplies. TSMC, a leader in sustainability and green manufacturing, supports GaN technology for its potential environmental benefits in automotive applications, such as on-board chargers and inverters for electric vehicles (EVs). The partnership builds on ROHM and TSMC's history of collaboration in GaN power devices. In 2023, ROHM adopted TSMC's 650V GaN high-electron mobility transistors (HEMT), a process increasingly being used in consumer and industrial devices as part of ROHM's EcoGaNTM series, including the 45W AC adapter (fast charger) "C4 Duo" produced by Innergie, a brand of Delta Electronics, Inc. "GaN devices, capable of high-frequency operation, are highly anticipated for their contribution to miniaturization and energy savings, which can help achieve a decarbonized society. Reliable partners are crucial for implementing these innovations in society, and we are pleased to collaborate with TSMC, which possesses world-leading advanced manufacturing technology" said Katsumi Azuma, Member of the Board and Senior Managing Executive Officer at ROHM. "In addition to this partnership, by providing user-friendly GaN solutions that include control ICs to maximize GaN performance, we aim to promote the adoption of GaN in the automotive industry.” "As we move forward with the next generations of our GaN process technology, TSMC and ROHM are extending our partnership to the development and production of GaN power devices for automotive applications,” said Chien-Hsin Lee, Senior Director of Specialty Technology Business Development at TSMC. "By combining TSMC's expertise in semiconductor manufacturing with ROHM's proficiency in power device design, we strive to push the boundaries of GaN technology and its implementation for EVs.” About TSMC TSMC pioneered the pure-play foundry business model when it was founded in 1987 and has been the world's leading dedicated semiconductor foundry ever since. The company supports a thriving ecosystem of global customers and partners with the industry's leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world. TSMC deployed 288 distinct process technologies and manufactured 11,895 products for 528 customers in 2023 by providing broadest range of advanced, specialty and advanced packaging technology services. The company is headquartered in Hsinchu, Taiwan. For more information, please visit https://www.tsmc.com . About ROHM Established in 1958, ROHM provides IC and discrete semiconductors characterized by outstanding quality and reliability for a broad range of markets, including the automotive, industrial, and consumer markets via its global development and sales network. In the power and analog field, ROHM proposes the suitable solution for each application with power devices such as SiC driver ICs to maximize their performance and peripheral components such as transistors, diodes, and resistors. Further information on ROHM can be found at https://www.rohm.com . EcoGaNTM is a trademark or registered trademark of ROHM Co., Ltd. Attachment ROHM-TSMC Strategic Partnership CONTACT: Keng Ly ROHM Semiconductor (248) 348-9920 [email protected] Heather Savage BWW Communications (408) 507-4398 [email protected]AU Deals: Pay Low Coins for Super Mario and Reduced Rupees for a Zelda, Hot Humble Bundles, and More!Paramount Global’s Near-Term Credit Outlook Is “Not Going To Change Just Because They’re Being Bought By Skydance,” S&P Analyst Says

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