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Many auto brands have jumped head-first into completely overhauling their top-sellers and icons, and fallen flat. Volkswagen, for example, has had issues with its latest Mk8 Golf , which lost the number one sales spot in Europe after 14 years in 2022; the current Land Rover Discovery was a big departure from its predecessors and has paid the price for it in terms of sales; and Mercedes-AMG has tuned away V8 lovers by plopping a four-cylinder PHEV powertrain into its C63 and GLC63 . Porsche avoided such blunders by making its first all-electric vehicle, the Taycan, a dedicated EV with no predecessor for loyalists and statisticians to benchmark it against. But now, the hallowed German performance vehicle brand’s top-selling Macan has gone EV-only as key markets around the globe continue to tighten emissions regulations. Since the nameplate debuted 10 years ago, the Macan has cemented itself as the world’s favourite Porsche. Over its decade-long lifespan it offered a range of four-cylinder and six-cylinder (inline and V6 respectively, not boxer) engines, and has long been lauded as the driver’s pick in the mid-sized premium SUV class. Fast forward to 2024, and the second-generation ‘Macan Electric’ has thrown the internal combustion engine out the window and adopted an all-electric platform and powertrains. Like the original, however, it was co-developed with Audi and has strong genetic links to a sister SUV from the Ingolstadt brand – this time in the Q6 e-tron rather than the Q5 . Regardless, the Stuttgart carmaker reckons the battery-powered MkII Macan is better than its ICE forebear in just about every metric. It’s quicker and more tech laden, thanks in part to Porsche’s learnings from the standard-setting Taycan sedan and wagon. This sounds like a sure-fire recipe for success, but is it? To find out, we attended the Australian media launch of the new Macan in Brisbane to see if the new and much more expensive Macan EV is a fitting sequel to the popular original. The move to entirely battery-electric powertrains has bumped up the price of the Macan significantly, with even the entry-level single-motor ‘Macan’ costing over $30,000 more than the outgoing petrol variant it replaces. For reference, the previous Macan petrol range remains on sale while stocks last – see below for MY25 pricing. To see how the Porsche Macan lines up against the competition, check out our comparison tool If you’ve sat in the latest Cayenne or the Taycan , you’ll feel at home in the new Macan. A big part of the generational jump here includes an increased level of interior digitalisation, as seen in Porsche’s larger models – think Cayenne and Panamera, as well as the Taycan. But while the cabin tech upgrades are significant, the overall design and execution isn’t all that different to the most recent iteration of the old Macan, with familiar ergonomics and switchgear. Perhaps the biggest change is the new 12.6-inch digital instrument cluster, which is taken straight from those aforementioned models. It’s super sharp with buttery smooth animations, and offers a range of customisable layouts to suit different tastes. You can also option a swish augmented reality (AR) head-up display, but it’ll cost you $4120! The central infotainment system is likewise a sharp unit, based on the Android Automotive operating system. With its 10.9-inch touchscreen cleanly integrated into the dashboard, it offers connected services, third-party app compatibility, and requisite functions like wireless Apple CarPlay/Android Auto, and embedded navigation. If you’re the particularly techy type, or have kids (or other passengers) in need of something to distract them while you’re on the road, you can also option an additional 10.9-inch touchscreen ahead of the front passenger, which is like a ‘lite’ version of the central display. Personally, I think it’s a bit naff and not worth the $2700 spend. As you’d expect, the overall ambience and sense of quality is right up there with the best in this segment, even if the piano black surfaces are vulnerable to fingerprint marks and hairline scratches after wiping dust off. The toggle-style climate controls mixed in with touch capacitive buttons is very modern Porsche, and while the latter are fiddly there’s nice clicky feedback from both the physical toggles and the touch buttons. Storage is pretty good but not overwhelmingly so, with a range of nooks and crannies to stow your odds and ends. I like the damped drawer lid over the wireless phone charger, which stops your phone flying around when you’re giving it a squirt up a winding B-road or on the racetrack – unlike the Polestar 4 we drove recently. Up front we sampled a couple of different seat specs in various vehicles, and the standard Comfort seats with 14-way electrical adjustment are fine – though the 18-way adaptive sports seats are even better. The optional ventilated front seats helped quite a bit during a hot and humid Queensland day, though $1710 is a pretty penny. You can even get massaging with ventilation, for a ‘cool’ $2860. In the second row, the Macan has never offered limousine levels of passenger space, but nor have rivals like the Q5, BMW X4 or Mercedes-Benz GLC Coupe. Thankfully though, there has been a small but noticeable improvement to most dimensions, which now allow 6’1′′ me to sit behind 6’1′′ me snugly. Standard rear seat amenities include a fold-down centre armrest with cupholders, bottle holders in the doors, and directional air vents. You can option luxe four-zone climate control, but that’ll cost you $810 on all but the Turbo. It’s disappointing that the added 86mm in wheelbase hasn’t resulted in a similar improvement in rear passenger accommodation, given the Macan is often bought by families with multiple children. Further back, the Macan’s boot has grown to 540 litres with all seats in place, which is up around 50 litres on the old model. That grows to 1348 litres with the rear seats folded. There’s additional 84 litres of storage under the bonnet, in lieu of an internal combustion engine. It’s accessed via a touch-capacitive lid that can be opened by swiping your hand across the lower end of the shut line – though my attempt to film it for an Instagram reel required a few takes because it didn’t seem to respond every time. To see how the Porsche Macan lines up against the competition, check out our comparison tool Gone is the internal combustion engine, which is replaced by the aforementioned front storage area that’s more in line with the company’s rear-engined sports cars, come to think of it... It’s worth noting that all Macan variants offer an overboost function that raises the maximum power output by about 10 per cent when using launch control. The claimed 0-100km/h times above are using launch control, too. Also worth noting is that Porsche Cars Australia’s range claims are based on the ECE standard, which is more closely based on the older NEDC measurement than the newer, more accurate WLTP protocol. To see how the Porsche Macan lines up against the competition, check out our comparison tool Perhaps the most important question here is: “does it still drive like a Porsche Macan?” In short, the answer is “mostly yes”. There’s certainly added urgency from its various electric drivetrain options to go with the welcome boost in interior tech levels, which brings the new Macan into line with the best rivals from premium and luxury brands. Our two-day launch event started with a drive from Brisbane airport down to Norwell Motorplex south of Queensland capital, followed on day two by a picturesque road drive from Brisbane through the hinterlands to the Gold Coast. The launch program centred around the Macan 4 and Turbo, since the base Macan and the 4S are still on the way to Australia despite already being on sale. We’ll bring you reviews of those when we can get behind the wheel. On the freeway, the Macan felt solid, secure and responsive. We started in a Turbo fitted with a number of options including big 22-inch wheels with carbon-fibre inserts, which cost nearly $15,000 (eek!) according to the local configurator. Even with the big rims and liquorice-thin rubber, the air-sprung Macan Turbo was comfortable over road imperfections and maintained great body control at everyday cornering speeds and on the highway. Road noise and wind noise were also impressively hushed. It’s worth calling out here the Macan’s impressive 0.25Cd drag coefficient figure, which no doubt aids the latter. And I continue to marvel at the ability of Porsche engineers to calibrate what I believe to be the perfect steering calibration when it comes to balancing response, weight and feedback, even in an SUV like the Macan. The Macan’s tiller feels incredibly accurate and the quick ratio means you aren’t twirling the wheel to do basic manoeuvres like you might in some other SUVs. It also has a great, weighty feeling about centre. At Norwell Motorplex we were given ample time to test out the Macan’s dynamic capabilities across a variety of exercises including a motorkhana-style handling course, drifting on the wet skid pan, 0-100km/h runs using launch control, and guided laps around the tight and technical circuit. The motorkhana was good fun and a great opportunity to test out the Macan 4’s sweet handling balance, while the launch control tests really demonstrated the Turbo’s monstrous 1130Nm of torque from standstill. We didn’t hook up timing gear, but it feels every bit as quick as the official 3.3-second claim, which based on Porsche tradition is likely a low-ball figure. On the skid pan we got the chance to get the Turbo a little sideways, upsetting the balance of the vehicle by opening the throttle on a rotating plate then getting skiddy on the wet concrete. The final exercise comprised a couple of guided laps around the tight circuit in the 4 and the Turbo, which again revealed the 4 to be the more balanced and sweeter steerer; the Turbo in comparison felt a little too powerful and heavy to be thrown around at pace on a circuit better suited to lightweight sports cars. On the road drive the following day, both variants proved to be lovely tourers, combining superb general comfort and refinement with strong performance, great steering feel, and eager handling. The Macan 4’s circa-75kg weight advantage is due to the smaller and less powerful electric motor on the rear axle relative to the Turbo, and there definitely is a sense that it is the lighter and more agile handler of the two. Keep in mind that even a V8-engined Cayenne is lighter than the Macan Electric... As we experienced on track at Norwell, the Turbo almost feels like too much in the sense that it’s so quick you can’t have much fun with it. Plus, its 2.4-tonne heft can’t defy physics in the kind of tight and technical conditions we drove it on during this event. I’m also not sure that many existing Macan owners will be particularly enamoured by the Porsche Electric Sport Sound, even if the old car’s turbocharged V6s weren’t particularly pleasing to the ear. The synthesised ‘engine’ note is standard in the Turbo and optional in lower grades, and while it works in the Taycan it lacks a bit of soul compared to the new Macan’s petrol forebears. The lack of one-pedal driving might also be irksome for a traditional EV buyer, but I’d imagine Porsche customers prefer the more conventional experience of controlling the brakes themselves. I’m also in the latter camp when it comes to driving an EV in a more dynamic manner. While it has grown in most dimensions, the Macan handles mostly like a smaller car, with the quick steering pointing a nose that’s eager to turn in, and a taut chassis that minimises body roll even during spirited on-road driving. As I noted earlier, it’s a really sweet thing to steer, and you don’t have to be driving at 10-10ths to enjoy it. To be frank, you’d almost never be driving the Macan at the limit anyway – it just isn’t that kind of vehicle. There’s heaps of grip and even in the 4 you can blast out of apexes early than anticipated with immediate, clinical effect, thanks to 650Nm of twist from the moment you prod the throttle. It really gives you the confidence to have a little fun on tight and twisty roads in a way that not a lot of SUVs do. That said, something like a Hyundai Ioniq 5 N delivers a more focused and sports car-like experience that will better suit keen drivers looking to dip their toes into the EV world – yes, Hyundai’s electric SUV is that good. Porsche has never been known for its ‘hands-off’ driving tech, but when the roads straighten out you can make use of the expanded and intuitive suite of driver assistance functions available in the new Macan. The adaptive cruise control does an excellent job of maintaining a set speed while managing the distance between you and a vehicle in front, without jerking the brakes or seesawing the speed. However, there’s no Active Lane Keeping function like in the Cayenne, which basically facilitates semi-autonomous driving on the freeway. There is a more basic lane keep assist system, which will counter-steer and alert you if you start drifting out of your lane, and there are handy blind-spot monitoring and rear cross-traffic alert sensors that compensate for the Macan’s coupe-like roofline and thick C-pillar. Even better, the surround cameras (standard in Australia) make parking this 4784mm-long, 1938mm-wide electric SUV a much easier process – there are no excuses for dinged bumpers or scraped alloys. To see how the Porsche Macan lines up against the competition, check out our comparison tool Porsche is pretty vague about the standard specifications of its vehicles, though Porsche Cars Australia does detail additional equipment for our market compared to the global spec. Macan equipment highlights: Macan 4 adds: Macan 4S adds: Macan Turbo adds: Australian additional equipment – all models: Australian additional equipment – select models: To see how the Porsche Macan lines up against the competition, check out our comparison tool The new Macan Electric hasn’t been tested by ANCAP or Euro NCAP yet. Its predecessor scored five stars in 2014, though this rating for the outgoing model has expired. Standard safety features include: As noted earlier, some standard safety features in Australian-spec Macans are in addition to the global standard specification. To see how the Porsche Macan lines up against the competition, check out our comparison tool Porsche Cars Australia persists with a three-year, unlimited-kilometre warranty, which lags behind its competitors. Also unlike its key rivals, Porsche doesn’t do advertised or capped service pricing, meaning prices can vary between Porsche Centres. Sadly, there’s also no official partnership or charging subscription tied to any public charger providers. To see how the Porsche Macan lines up against the competition, check out our comparison tool Porsche has managed to maintain the essence of the Macan in this all-electric sequel, but it didn’t quite wow me like I thought it would, given how much I loved the heavily upgraded Taycan. Make no mistake, it feels unmistakably Macan in flavour, in that it’s a comfortable, refined and punchy mid-size luxury crossover wagon with one of the sweetest steering calibrations in the segment. Despite its weight, that shouldn’t come as a surprise since the old Macan was widely regarded as one of the world’s most dynamic SUVs. So the new all-electric underpinnings have unlocked more performance, but not necessarily better or more engaging handling. It’s quick – bloody quick in Turbo guise – but it’s also quite heavy and you can feel its mass more so than in the Taycan, particularly when you put it on a tight circuit like Norwell. Things get much better and more fun on a winding B-road, even if it’s a lot heavier than the old MLB-based original, making you hesitant to push like you would in one of Porsche’s sports cars, which is to be expected given this is an SUV. I’ve only driven the Macan 4 and the Turbo, but the lower-spec variants could well be my pick given they’re more than quick enough for the target demographic and will save you a big wad of cash for options and anything else you might want to funnel your funds towards. While the rear-drive Macan range-opener is the lightest and should be the most dynamic, the incoming 4S shapes as a potential sweet spot because of its improved performance while still maintaining a big price gap to the Turbo. Keep in mind, the 4S is quicker than even the fastest previous-generation Macan GTS. As you’d expect, the cabin is lovely and the new Macan offers more space than the old one, which has long been a key criticism. There’s also a much improved tech suite that brings the smaller and more attainable SUV in line with the larger Cayenne, as well as the likes of Porsche’s Taycan e-hero. But it’s still not all that big inside compared to some of its German rivals, and the lower grades in particular need a number of option boxes ticked to make the Macan feel properly special – and that can add up to some serious cash, on top of the substantial price increase for the new model, which means you’re pushing into Taycan territory. Then there’s the superficial stuff like the new exterior design, which appears to be polarising if the commentary on our site and socials is any guide, and the fact the departure of the old model’s combustion engines has taken a lot of the Macan’s soul with them. But with a more objective lens, the new Macan does a great job of transitioning into a sporty electric crossover, and continues to offer Porsche hallmarks like strong performance and fulsome handling. It will be interesting to see how warmly the original Macan’s traditional buyer demographic embraces the much more expensive and far quieter replacement for Porsche’s best-seller. Interested in buying a Porsche Macan? Get in touch with one of CarExpert’s trusted dealers here MORE: Everything Porsche MacanCriminal cases against incoming president Trump being droppedEquitable Bank reduces prime rate98 gaming online casino philippines 。

Podeli : Prime Minister Milos Vucevic said on Tuesday that his Serbian Progressive Party (SNS) will not agree to a transitional government as some opposition officials have called for. “No withdrawal from bullies,” he wrote in an X post, adding that “there will be no transitional government”. “We will never give them the mandate to form a government without elections. The citizens will choose at elections,” he wrote. According to Vucevic, the SNS needs to show the greatest responsibility when times are hard and not allow life to stop. “Serbia won’t stop,” he added.World Don't miss out on the headlines from World. Followed categories will be added to My News. Canadian Prime Minister Justin Trudeau is facing backlash after a video of him dancing at a Taylor Swift concert went viral over the weekend amid destructive protests. The viral footage shows Mr Trudeau, who represents a district in Montreal, dancing and singing along to the song “You Don’t Own Me” before Swift took the stage in Toronto. However, the timing of the video has sparked backlash, as it coincided with devastating riots where anti-NATO demonstrators set off smoke bombs and marched through the streets of Montreal with Palestinian flags. According to the Montreal Gazette, the rioters set cars on fire and clashed with police. Toronto is approximately 450km west of Canada’s capital, Ottawa, and 530km west of the Montreal district represented by Mr Trudeau. Lawless protestors run roughshod over Montreal in violent protest. The Prime Minister dances. This is the Canada built by the Liberal government. Bring back law and order, safe streets and communities in the Canada we once knew and loved. pic.twitter.com/PVJvR6gtmf — Don Stewart (@donstewartmp) November 23, 2024 Protesters also threw small explosive devices and metal items at officers, and at one point, the group burned an effigy of Israeli Prime Minister Benjamin Netanyahu. Don Stewart, a member of parliament representing part of Toronto, called out the prime minister in a post on X. “Lawless protesters run roughshod over Montreal in violent protest. The Prime Minister dances,” he wrote. “This is the Canada built by the Liberal government.” The viral footage shows Mr Trudeau dancing and singing along to the song “You Don’t Own Me” before Swift took the stage in Toronto. Picture: Supplied The timing of the video has sparked backlash, as it coincided with devastating riots in Montreal. Picture: Supplied. “Bring back law and order, safe streets and communities in the Canada we once knew and loved.” The image of Mr Trudeau dancing during protests in his hometown ignited outrage online, with some social media users likening him to Nero, the infamous Roman emperor said to have “fiddled while Rome burned.” “This is real life. Montreal is burning, and Justin Trudeau is dancing and handing out friendship bracelets to teenage girls at a Taylor Swift concert,” one social media user commented. With just four shows left on Swift’s tour before she wraps up the Eras era in Vancouver on December 8. Picture: AFP As violent protests broke out in Montreal, Justin Trudeau was filmed dancing at a Taylor Swift concert in Toronto. Picture: AFP Another said: “Oh, here he is, and we thought he might be working to solve the country’s problems.” While a third added: “This guy’s trouble, headlining for all the wrong reasons.” On Saturday, Mr Trudeau denounced the protests and called them “appalling.” “What we saw on the streets of Montreal last night was appalling,” the Canadian leader said. “Acts of anti-Semitism, intimidation, and violence must be condemned wherever we see them.” “The RCMP [Royal Canadian Mounted Police] are in communication with local police. There must be consequences, and rioters held accountable.” More Coverage Aussie injured in shooting as Israel and Hezbollah exchange fire Maria Bervanakis, Merryn Johns Trump’s pick calls for ‘responsible end’ to Ukraine war Emily Macdonald and Zoe Smith Originally published as Video of PM dancing at Taylor Swift concert sparks outrage Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories Royals ‘Lonely’: Queen Mary announces podcast Australian-born Queen Mary is following in the footsteps of Meghan Markle by launching a new podcast. Read more True Crime Dad’s plea as details emerge about vodka that killed Aussie teens The grieving father of one of the Melbourne teens who died in a mass poisoning in Laos has spoken out, as new details are revealed about the methanol-laced vodka blamed for the deaths. Read moreNone

Israel shares higher at close of trade; TA 35 up 1.02%Welland library celebrating its 200th year: 'We have been relevant in every single decade'

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NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Adams Resources & Energy, Inc. (NYSE: AE)’s sale to an affiliate of Tres Energy LLC for $38.00 per share in cash. If you are an Adams shareholder, click here to learn more about your rights and options . Staffing 360 Solutions, Inc. (NASDAQ: STAF)’s sale to Atlantic International Corp. for 1.202 Atlantic shares for each Staffing 360 share. If you are a Staffing 360 shareholder, click here to learn more about your rights and options . Nabors Industries Ltd. (NYSE: NBR)’s merger with Parker Wellbore. Per the terms of the proposed transaction, Nabors would acquire all of Parker’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. If you are a Nabors shareholder, click here to learn more about your rights and options . AlloVir, Inc. (NASDAQ: ALVR)’s merger with Kalaris Therapeutics. If you are an AlloVir shareholder, click here to learn more about your rights and options . Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com . Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. One World Trade Center 85th Floor New York, NY 10007 (212) 763-0060 sadeh@halpersadeh.com zhalper@halpersadeh.com https://www.halpersadeh.comThe bill is traditionally strongly bipartisan, but some Democratic lawmakers opposed the inclusion of a ban on transgender medical treatments for children of military members if such treatment could result in sterilization. It passed by a vote of 281-140 and next moves to the Senate, where lawmakers sought a bigger boost in defense spending than the current measure allows. Lawmakers are touting the bill's 14.5% pay raise for junior enlisted service members and a 4.5% increase for others as key to improving the quality of life for those serving in the U.S. military. Those serving as junior enlisted personnel are in pay grades that generally track with their first enlistment term. Lawmakers said service member pay failed to remain competitive with the private sector, forcing many military families to rely on food banks and government assistance programs to put food on the table. The bill also provides significant new resources for child care and housing. "No service member should have to live in squalid conditions and no military family should have to rely on food stamps to feed their children, but that's exactly what many of our service members are experiencing, especially the junior enlisted," said Rep. Mike Rogers, R-Ala., chairman of the House Armed Services Committee. "This bill goes a long way to fixing that." The bill sets key Pentagon policy that lawmakers will attempt to fund through a follow-up appropriations bill. The overall spending tracks the numbers established in a 2023 agreement that then-Speaker Kevin McCarthy, R-Calif., reached with President Joe Biden to increase the nation's borrowing authority and avoid a federal default in exchange for spending restraints. Many senators had wanted to increase defense spending some $25 billion above what was called for in that agreement, but those efforts failed. Sen. Roger Wicker, R-Miss., who is expected to serve as the next chairman of the Senate Armed Services Committee, said the overall spending level was a "tremendous loss for our national defense," though he agreed with many provisions within the bill. "We need to make a generational investment to deter the Axis of Aggressors. I will not cease work with my congressional colleagues, the Trump administration, and others until we achieve it," Wicker said. House Republicans don't want to go above the McCarthy-Biden agreement for defense spending and are looking to go way below it for many non-defense programs. They are also focused on cultural issues. The bill prohibits funding for teaching critical race theory in the military and prohibits TRICARE health plans from covering gender dysphoria treatment for children under 18 if that treatment could result in sterilization. Rep. Adam Smith of Washington state, the ranking Democratic member of the House Armed Services Committee, said minors dealing with gender dysphoria is a "very real problem." He said the treatments available, including puberty blockers and hormone therapy, have proven effective at helping young people dealing with suicidal thoughts, anxiety and depression. "These treatments changed their lives and in many cases saved their lives," Smith said. "And in this bill, we decided we're going to bar service members' children from having access to that." Smith said the number of minors in service member families receiving transgender medical care extends into the thousands. He could have supported a study asking medical experts to determine whether such treatments are too often used, but a ban on health insurance coverage went too far. He said Speaker Mike Johnson's office insisted on the ban and said the provision "taints an otherwise excellent piece of legislation." Rep. Chip Roy, R-Texas, called the ban a step in the right direction, saying, "I think these questions need to be pulled out of the debate of defense, so we can get back to the business of defending the United States of America without having to deal with social engineering debates." Smith said he agrees with Roy that lawmakers should be focused on the military and not on cultural conflicts, "and yet, here it is in this bill." Branden Marty, a Navy veteran who served for 13 years, said the loss of health coverage for transgender medical treatments could prompt some with valuable experience to leave the military, affecting national security because "we already struggle from a recruiting and retention standpoint." He also said the bill could regularly force service members into difficult choices financially. "It will be tough for a lot of them because of out-of-pocket expenses, especially enlisted members who we know already struggle with food insecurity," said Marty, the father of a transgender teenager. "They don't get paid very much, so they're going to be making a lot of choices on a day-to-day, tactical level." Rep. Hakeem Jeffries, the House Democratic leader, said his team did not tell Democrats how to vote on the bill. "There's a lot of positive things in the National Defense Authorization Act that were negotiated in a bipartisan way, and there are some troubling provisions in a few areas as well," Jeffries said. Overall, 81 Democrats voted for the bill and 124 against it. On the Republican side, 200 voted for the bill and 16 against it. "It's disappointing to see 124 of my Democrat colleagues vote against our brave men and women in uniform over policies that have nothing to do with their intended mission," Johnson, R-La., said. The defense policy bill also looks to strengthen deterrence against China. It calls for investing $15.6 billion to build military capabilities in the Indo-Pacific region. The Biden administration requested about $10 billion. On Israel, the bill, among other things, includes an expansion of U.S. joint military exercises with Israel and a prohibition on the Pentagon citing casualty data from Hamas. The defense policy bill is one of the final measures that lawmakers view as a must-pass before making way for a new Congress in January.The Game Awards' fan-voted game of the year nominees find room for snubs - Polygon

Bill Ackman, the chief executive officer at Pershing Square Capital Management shown speaking at a conference in 2017, says his believes Brookfield still flies under the radar in the U.S. RICHARD BRIAN/Reuters Billionaire investor Bill Ackman has built a $2.6-billion stake in asset management giant Brookfield Corp. BN-T that is now the second-largest position held by his hedge fund Pershing Square Capital Management. The fund started buying stock in Brookfield Corp. – the parent company of Brookfield Asset Management Ltd. BAM-T , which manages more than US$1-trillion of assets – in April this year. By the end of June, Pershing had acquired 6.8 million shares, and its stake then ballooned to 32.7 million shares – or nearly 2.2 per cent of the company – as of Sept. 30, according to public filings. The new investment for Pershing Square is a bet on Brookfield as a major owner and operator of assets that can be considered critical infrastructure – what Brookfield CEO Bruce Flatt likes to call “the backbone of the global economy,” which includes data centres powering artificial intelligence, renewable energy sources as well as the global shipping industry that underpins supply chains. The Brookfield stake accounts for 10.6 per cent of Pershing Square’s holdings, and is now larger than its investments in household names such as hotel owner Hilton Worldwide Holdings Inc., fast food chain Chipotle Mexican Grill Inc., Tim Hortons owner Restaurant Brands International Inc. and Google parent Alphabet Inc. A Brookfield spokesperson declined to comment. Mr. Ackman told investors on a Thursday conference call that his interest in Brookfield dates back more than a decade to work he did with the asset manager to restructure bankrupt shopping mall owner General Growth Properties, which was ultimately one of Pershing Square’s best investments. Mr. Ackman said he worked “very, very closely” with Brookfield CEO Bruce Flatt and the company’s long-time private equity head, Cyrus Madon. They didn’t always see eye to eye . “There were times where our interests were entirely aligned, and there are times where our interests, I would say, were disparate,” said on the call. “But it was one of the most satisfying and successful experiences I’ve had working with another management team of another investment firm,” he said. “And so that was really the beginning of, I would say, a relationship and respect for Brookfield.” Pershing Square is also banking on Brookfield being a beneficiary of Donald Trump’s second term as U.S. president, which is expected to feature reduced regulation and a friendlier approach to large corporations. And Mr. Ackman predicts that Brookfield Asset Management’s fee-related earnings will nearly double by 2028, funneling a steady stream of cash to parent Brookfield Corp., which he thinks is undervalued relative to large industry peers. Brookfield Corp.’s stock is up more than 40 per cent since Pershing Square started buying its stake in April – and rose 1.3 per cent to $81.40 by early afternoon Friday on the Toronto Stock Exchange. But Mr. Ackman is gambling that it still has plenty of room to rise. “We anticipate shares are poised to more than double over the coming years,” Pershing Square partner Charles Korn said Thursday, and the comparison to its peers “would imply very significant valuation upside.” Pershing Square estimates that Brookfield is trading at roughly 15 times earnings, while KKR & Co Inc. trades at 27 times and Apollo Global Management Inc. at 22 times. Pershing Square thinks Brookfield still flies below the radar with some U.S.-based institutional investors, in spite of its size, and “that this is an issue that Brookfield’s management team is taking steps to address,” Mr. Korn said. Brookfield recently moved the head office of Brookfield Asset Management to New York as part of a revamp of its corporate structure. The asset manager’s chief financial officer, Hadley Peer Marshall, told investors at a September presentation that the company was responding to feedback from a number of shareholders that urged it to focus on increasing the liquidity of BAM’s stock, and gaining inclusion in prominent U.S.-based and global stock indexes. Mr. Ackman said that at a time when index funds often own 25 per cent of large companies, inclusion in the S&P 500 index – one where Brookfield still isn’t a member – is “a critically important driver of valuation, for achieving sort of the upper band of valuation for U.S.-listed companies.” By being ineligible, “I would say you’re kind of missing the boat, so to speak,” he said. “And Brookfield is certainly aware of this issue.”Special counsel Jack Smith moved to abandon two criminal cases against on Monday, acknowledging that Trump’s will preclude attempts to federally prosecute him for retaining classified documents or trying to overturn his 2020 election defeat. The decision was inevitable, since longstanding Justice Department policy says sitting presidents cannot face Yet it was still a momentous finale to an unprecedented chapter in political and law enforcement history, as federal officials attempted to hold accountable a former president while he was simultaneously running for another term. Trump emerges indisputably victorious, having successfully delayed the investigations through legal maneuvers and then winning reelection despite indictments that described his actions as a threat to the country’s constitutional foundations. “I persevered, against all odds, and WON,” Trump exulted in a post on Truth Social, his social media website. He also said that “these cases, like all of the other cases I have been forced to go through, are empty and lawless, and should never have been brought.” The judge in the election case granted prosecutors’ dismissal request. A decision in the documents case was still pending on Monday evening. The outcome makes it clear that, when it comes to a president and criminal accusations, nothing supersedes the voters’ own verdict. In court filings, Smith’s team emphasized that the move to end their prosecutions was not a reflection of the merit of the cases but a recognition of the legal shield that surrounds any commander in chief. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” prosecutors said in one of their filings. They wrote that Trump’s return to the White House “sets at odds two fundamental and compelling national interests: on the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities ... and on the other hand, the Nation’s commitment to the rule of law.” In this situation, “the Constitution requires that this case be dismissed before the defendant is inaugurated,” they concluded. Smith’s team said it was leaving intact charges against two co-defendants in the classified documents case — Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira — because “no principle of temporary immunity applies to them.” Steven Cheung, Trump’s incoming White House communications director, said Americans “want an immediate end to the political weaponization of our justice system and we look forward to uniting our country.” Trump has long described the investigations as politically motivated, and he has vowed to fire Smith as soon as he takes office in January. Now he will start his second term free from criminal scrutiny by the government that he will lead. The election case brought last year was once seen as one of the most serious legal threats facing Trump as he tried to reclaim the White House. He was to Joe Biden in 2020, an effort that climaxed with his supporters’ violent attack on the U.S. Capitol on Jan. 6, 2021. But the case quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence it planned to use against him at trial, accusing him of “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. In dismissing the case, Chutkan acknowledged prosecutors’ request to do so “without prejudice,” raising the possibility that they could try to bring charges against Trump when his term is over. She wrote that is “consistent with the Government’s understanding that the immunity afforded to a sitting President is temporary, expiring when they leave office.” But such a move may be barred by the statute of limitations, and Trump may also try to pardon himself while in office. The separate case involving classified documents had been widely seen as legally clear cut, especially because the conduct in question occurred after Trump left the White House and lost the powers of the presidency. The indictment included dozens of felony counts accusing him of illegally hoarding classified records from his presidency at his Mar-a-Lago estate in Palm Beach, Florida, and obstructing federal efforts to get them back. He has pleaded not guilty and denied wrongdoing. The case quickly became snarled by delays, with U.S. District Judge Aileen Cannon slow to issue rulings — which favored Trump’s strategy of pushing off deadlines in all his criminal cases — while also entertaining defense motions and arguments that experts said other judges would have dispensed with without hearings. In May, she indefinitely canceled the trial date amid a series of unresolved legal issues before dismissing the case outright two months later. Smith’s team appealed the decision, but now has given up that effort. Trump faced two other state prosecutions while running for president. One of them, a New York case involving hush money payments, on felony charges of falsifying business records. It was the first time a former president had been found guilty of a crime. The sentencing in that case is on hold as Trump’s lawyers try to have the conviction dismissed before he takes office, arguing that letting the verdict stand will interfere with his presidential transition and duties. Manhattan District Attorney Alvin Bragg’s office is fighting the dismissal but has indicated that it would be until Trump leaves office. Bragg, a Democrat, has said the solution needs to balance the obligations of the presidency with “the sanctity of the jury verdict.” Trump was also indicted in Georgia along with 18 others accused of participating in a sprawling scheme to illegally overturn the 2020 presidential election there. Any trial appears unlikely there while Trump holds office. The prosecution already after an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her with the special prosecutor she had hired to lead the case. Four defendants have pleaded guilty after reaching deals with prosecutors. Trump and the others have pleaded not guilty.No. 25 UConn working on climbing back up poll, faces No. 15 Baylor