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Stocks climbed on Monday as tech rallied and investors considered the path of interest rates next year after the Fed hinted they would stay higher for longer. The S&P 500 ( ^GSPC ) gained 0.7%, while the tech-heavy Nasdaq ( ^IXIC ) rose almost 1%. The Dow Jones Industrial Average ( ^DJI ) erased earlier losses to edge almost 0.2% higher. Semiconductor stocks gained, as shares of chipmakers Nvidia ( NVDA ) and Broadcom ( AVGO ) rose more than 3% and 5%, respectively. Robust gains from social media platform Meta ( META ) and EV giant Tesla ( TSLA ) also helped lead the broader market higher. Wall Street is coming off an upbeat Friday but a downbeat — and volatile — week , with all three major averages up above 1% Friday but down around 2% for the week. The Fed played the part of the Grinch, signaling that it will step back its pace of cutting next year, leading stocks to one of the worst days of the year on Wednesday. On Friday, however, the Fed's preferred inflation gauge, the Personal Consumption Expenditures index, showed further cooling on the inflation front — if still some stickiness. Still, the lone dissenter of the Fed's move to cut last week said she voted against cutting rates because "there is more work to do on inflation." For now, according to the CME FedWatch tool, investors are betting on the Fed holding rates steady next month. For its subsequent meeting in March, bets are about 50-50 on a cut vs. a hold. In economic data, US consumer confidence in December tumbled in its largest month-over-month decline since November 2020 amid Americans' growing uncertainty over the economic outlook in the year ahead. But overall, this week's light schedule will provide a bit of a breather and a chance for Wall Street to digest and reflect heading into 2025. Markets will close at 1 p.m. ET on Tuesday, followed by Wednesday's Christmas holiday. The Nasdaq ( ^IXIC ) led the market higher on Monday as tech stocks gained during a shortened trading week. The tech-heavy index climbed almost 1% while the S&P 500 ( ^GSPC ) rose 0.7%. Semiconductor stocks climbed, with shares of AI chip heavyweight Nvidia ( NVDA ) gain more than 3% while Broadcom ( AVGO ) and Taiwan Semiconductor ( TSM ) rallied. Gains in shares of social media platform Meta ( META ) and EV giant Tesla ( TSLA ) also helped lift the Nasdaq and S&P 500. The Dow Jones Industrial Average (^ DJI ) spent most of the session in red territory but managed to close up nearly 0.2%. The 10-year Treasury (^ TNX ) climbed as much as 7 basis points to 4.6% during the session. In economic data, Consumer Confidence in December registered the biggest month-over-month decline since November of 2020. The stock market will close at 1 p.m. ET on Tuesday, followed by Wednesday's Christmas holiday. The Dow Jones Industrial Average (^ DJI ) struggled to lift above the flatline on Monday, weighed by shares of Walmart ( WMT ). The retail giant fell as much as 3% during the session after the Consumer Financial Protection Bureau (CFPB) sued the company along with Branch Messenger, claiming they illegally forced "delivery drivers to use costly deposit accounts" to get paid. Other Dow laggards on Monday included software giant Microsoft ( MSFT ) and sport apparel maker Nike ( NKE ). Shares of video-sharing platform Rumble ( RUM ) extended session gains to as much as 100% Monday afternoon following a $775 million investment from crypto firm Tether ( USDT-USD ). "Tether's investment in Rumble reflects our shared values of decentralization, independence, transparency, and the fundamental right to free expression," Paolo Ardoino, CEO of Tether, said on Friday when the strategic partnership was announced. Rumble shares opened more than 40% higher on Monday. By afternoon trading the stock had soared to its highest level since 2022. Yahoo Finance's Ben Werschkul reports: Elon Musk wants more Democrats involved in the nascent Department of Government Efficiency (DOGE). Rep. Aaron Bean is charged with making that happen. The Florida Republican is a Trump/Musk ally and co-founder of the House’s DOGE caucus, which gathered for its first meeting last week to begin wooing curious Democrats as Congress wrapped up its business for the year. "They're still kind of fearful, they're feeling out DOGE," Bean said of the other side of the aisle in a recent interview. Read more here. Yahoo Finance's Brooke DiPalma reports: Nordstrom ( JWN ) is returning to its private roots after years of earnings struggles and investor indifference. The founding Nordstrom family, who owned a roughly 33% stake, teamed up with retail investor El Puerto de Liverpool, owner of a 10% stake, to take the company private. El Puerto is a real estate and department store conglomerate that has boutiques with known names like Gap, Banana Republic, and Williams Sonoma, among others, in addition to department stores and other format retailers. Both will acquire all outstanding shares in an all-cash deal valued at about $6.25 billion. Read more here. Tech ( XLK ) and Communication ( XLC ) stocks rose modestly on Monday while the rest of the S&P 500 sectors struggled to gain much traction. Chip giant Nvidia ( NVDA ) increased 2%, while social media platform Meta ( META ) also gained more than 2%. The S&P 500 ( ^GSPC ) crossed into green territory to rise 0.2% and the tech-heavy Nasdaq ( ^IXIC ) increased 0.5% by 12:30 p.m. ET. Bitcoin ( BTC-USD ) extended losses on Monday, dropping more than 2.5% over the past 24 hours to touch $93,000 per token. The world's largest cryptocurrency has been on a downward trend since last week when Fed Chair Jerome Powell signaled central bank policymakers will likely scale back rate cuts next year. Bitcoin has fallen more than 10% from its all-time record highs north of $108,000 touched last Tuesday. The token is still up more than 35% since the presidential election on Nov. 5. Semiconductor stocks rose on Monday, with shares of AI chip heavyweight Nvidia ( NVDA ) gaining more than 1% while Broadcom ( AVGO ) and Taiwan Semiconductor ( TSM ) also edged higher. AMD ( AMD ) gained more than 5% after Rosenblatt Securities named the chipmaker a top pick for 2025. Meanwhile, Qualcomm ( QCOM ) shares gained after the company won a legal battle on Friday over a breach of contract dispute with Arm ( ARM ). Shares of the UK-based chip designer fell more than 5% during the session. Consumer Confidence fell short of expectations in December, largely due to how Americans are viewing the economic outlook in the year ahead. The Expectations Index, which includes the short-term outlook for income, business, and labor market conditions, sank 12.6 points to 81.1 in December, its largest month-over-month decline since November 2020. Overall, the Consumer Confidence index reading for December was 104.7, below the 113.2 expected by economists surveyed by Bloomberg. "Consumer views of current labor market conditions continued to improve, consistent with recent jobs and unemployment data, but their assessment of business conditions weakened," Conference Board chief economist Dana Peterson said in the release. "Compared to last month, consumers in December were substantially less optimistic about future business conditions and incomes. Moreover, pessimism about future employment prospects returned after cautious optimism prevailed in October and November." In December, 21.3% of respondents anticipated fewer jobs to be available in the next six months, up from 17.9% the month prior. Meanwhile, expectations for income decreases and worse business conditions in the next six months also moved higher. Markets, which have recently been in a slump amid rising concerns about the uncertainty surrounding policies from the Trump administration and the Federal Reserve in 2025, moved lower after the release. All three major indexes quickly hit their lows of the session before beginning to pare losses. Consumer Confidence expectations fell in December to 104.7, versus estimates for 113.2. The reading came in below all 47 estimates, which ranged from 109.3 to 116.00 across 47 estimates, according to Bloomberg data. Stocks opened mixed to kick off a short trading week as investors assess how the Federal Reserve will handle its interest rate policy next year. The S&P 500 ( ^GSPC ) rose slightly, while the tech-heavy Nasdaq ( ^IXIC ) gained 0.1%. The Dow Jones Industrial Average ( ^DJI ) fell about 0.4%. Consumer Discretionary stocks ( XLY ) gained, while Financials ( XLF ) and Real Estate ( XLRE ) lagged in early trading. Individual movers included AI heavyweight Nvidia ( NVDA ) and Tesla ( TSLA ), up more than 1% and 2%, respectively. Wall Street is coming off a volatile week after Fed Chair Jerome Powell hinted the central bank will scale back its pace of interest rate cuts next year. Economic data : Conference Board Consumer Confidence (December) Earnings : No notable earnings Here are some of the biggest stories you may have missed over the weekend and early this morning: Wall Street reevaluates 'higher for longer' rates: The week ahead Bitcoin posts first weekly decline since Trump's election win Honda stock rises as Nissan merger talks formalize Elon Musk makes 'overstaffed' Fed target in quest for efficiency Biden launches new US trade probe into legacy Chinese chips The Container Store files for Chapter 11 bankruptcy Novo rises as 2025 obesity drug market set to captivate investorsLooking ahead, Irving's dominance in the one-on-one matchups bodes well for the Mavericks as they continue their quest for a championship. His ability to create his shot, score efficiently, and make plays for his teammates will be crucial in the team's success moving forward.ssbet77 heylink me
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In conclusion, the carbon monoxide poisoning incident at the bath center in Zhengzhou highlights the importance of maintaining safe and healthy environments in public facilities. It is crucial for both businesses and regulatory bodies to work together to ensure the well-being of all individuals and prevent such unfortunate incidents from occurring again.Cricket fans go wild over Isa Guha's commentary in the Boxing Day Test - for a VERY surprising reason
Penn State preparing for hard-charging Jeanty and Boise State in CFP quarterfinalsUBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Braze, Inc. ( NASDAQ:BRZE – Free Report ) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 354,645 shares of the company’s stock after selling 12,917 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of Braze worth $11,469,000 at the end of the most recent reporting period. A number of other hedge funds have also recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in Braze by 29.4% in the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after buying an additional 276 shares during the last quarter. Blair William & Co. IL boosted its stake in Braze by 2.2% in the 2nd quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock worth $502,000 after buying an additional 283 shares during the last quarter. Amalgamated Bank boosted its stake in Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after buying an additional 358 shares during the last quarter. Creative Planning boosted its stake in Braze by 1.7% in the 2nd quarter. Creative Planning now owns 23,121 shares of the company’s stock worth $898,000 after buying an additional 384 shares during the last quarter. Finally, KBC Group NV boosted its stake in Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after buying an additional 615 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds. Insider Transactions at Braze In other news, CFO Isabelle Winkles sold 4,500 shares of Braze stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $32.12, for a total value of $144,540.00. Following the completion of the transaction, the chief financial officer now owns 216,208 shares in the company, valued at approximately $6,944,600.96. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, major shareholder Roger H. Lee sold 56,830 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $30.27, for a total value of $1,720,244.10. Following the transaction, the insider now owns 56,830 shares of the company’s stock, valued at $1,720,244.10. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders sold 113,979 shares of company stock worth $3,688,914. 24.03% of the stock is currently owned by corporate insiders. Wall Street Analysts Forecast Growth View Our Latest Stock Analysis on Braze Braze Stock Up 0.4 % Shares of NASDAQ BRZE opened at $41.46 on Friday. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $61.53. The business has a 50 day moving average price of $34.10 and a two-hundred day moving average price of $37.29. The firm has a market cap of $4.26 billion, a PE ratio of -35.14 and a beta of 1.15. Braze ( NASDAQ:BRZE – Get Free Report ) last issued its earnings results on Thursday, September 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. The company had revenue of $145.50 million during the quarter, compared to analyst estimates of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.30) EPS. On average, analysts anticipate that Braze, Inc. will post -1.02 earnings per share for the current year. Braze Company Profile ( Free Report ) Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data. Recommended Stories Receive News & Ratings for Braze Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braze and related companies with MarketBeat.com's FREE daily email newsletter .
MITTI Cafe, run by 15 individuals with physical and mental disabilities, has opened at Rashtrapati Nilayam at Bolaram. Launched by the Telangana Social Impact Group (T-SIG) with support from corporate and government organisations, this project aims to empower vulnerable communities while raising awareness about mental and physical health challenges. MITTI Cafe has already set up branches in over 40 locations, including Rashtrapati Bhavan in Delhi and several international airports. In addition to the cafe, the premises also feature a stall offering handmade home and office decor, toys and stationery, which has gained attention from national and international organisations. Corporate social responsibility (CSR) funding from entities such as Indian Oil Corporation Limited and the Australia-New Zealand Banking Group supports the cafe’s operations. The new reception center at the Rashtrapati Nilayam has been allocated to the cafe, allowing it to operate rent-free. The employees at the cafe receive monthly salaries ranging from ₹15,000 to ₹50,000, depending on their roles. The menu at the cafe includes snacks like samosas, chaat, pakoras, tea, biscuits, coffee, sandwiches and ice creams, all made with high-quality ingredients. During her winter break, President Droupadi Murmu visited the cafe and appreciated the efforts of the staff. With the support of T-SIG, the initiative is expected to generate an annual turnover of Rs.36 lakh-46 lakh.The conversation around Jokic's scoring prowess and workload management also brought attention to the broader issue of player compensation and the recent trend of stars taking pay cuts to accommodate team needs. Nan drew parallels between Jokic's exceptional performance and his willingness to prioritize team success over individual accolades, highlighting the selfless nature of his decision.
Harassment on public transport can take many forms, including verbal harassment, unwanted advances, groping, indecent exposure, and even physical assault. These behaviors not only violate the rights and dignity of passengers but also create a hostile environment that can have lasting psychological effects on victims. Despite the severity of these behaviors, there is often a lack of clarity and consistency in how they are defined and addressed by transportation authorities.2 Growth Stocks Set to Skyrocket in 2025 and Beyond
Greg Gumbel dead at 78 as sports fans pay tribute to legendary broadcasterTitle: Brother: Inviting Guardiola to Girona but He Might Not Come; Van de Beek's Unlucky Spell at Manchester United
In Chicago, rental prices have been on a downward trajectory, driven by a combination of factors including an oversupply of rental units, slowing population growth, and economic uncertainty. The city's rental market, once buoyed by strong demand from young professionals and students, is now grappling with rising vacancy rates and decreased rental rates. Landlords in Chicago are being forced to adjust their rental pricing strategies and offer incentives to prospective tenants in order to remain competitive in a market that has become increasingly renter-friendly.
NJ homes get smart meters — how they can help you save moneyNEW YORK , Dec. 23, 2024 /PRNewswire/ -- 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: Altair Engineering Inc. (NASDAQ: ALTR)'s sale to Siemens for $113.00 per share in cash. If you are an Altair shareholder, click here to learn more about your legal rights and options . Sandy Spring Bancorp (NASDAQ: SASR)'s sale to Atlantic Union Bankshares Corporation for 0.900 shares of Atlantic Union common stock for each share of Sandy Spring . If you are a Sandy Spring shareholder, click here to learn more about your rights and options . Atlantic Union Bankshares Corporation (NYSE: AUB)'s merger with Sandy Spring Bancorp. If you are an Atlantic shareholder, click here to learn more about your rights and options . Cyclo Therapeutics, Inc. (NASDAQ: CYTH)'s merger with Rafael Holdings, Inc. If you are a Cyclo 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. (212) 763-0060 sadeh@halpersadeh.com zhalper@halpersadeh.com https://www.halpersadeh.com View original content to download multimedia: https://www.prnewswire.com/news-releases/shareholder-investigation-halper-sadeh-llc-investigates-altr-sasr-aub-cyth-on-behalf-of-shareholders-302338489.html SOURCE Halper Sadeh LLP
In conclusion, the commercial value of audio content is undeniable, and the momentum of the audio industry shows no signs of slowing down. With the favorable conditions provided by the increasing popularity of audio content, Himalaya's IPO is poised for success, highlighting the bright future of audio platforms in the digital age.Andhra Pradesh chief minister N Chandrababu Naidu has a very tough decision to make over the next few days as chief secretary Neerabh Kumar Prasad is retiring on January 31. Naidu has to choose the state’s top officer to lead his development agenda. The senior-most 1988 batch IAS officer Y Srilakshmi is unlikely to be considered because of her proximity to the previous administration. Those in the know say two officers — G Sai Prasad (1991 batch) and K VIjayanand (1992 batch) —have emerged as the frontrunners and the politicians are weighing this decision through the caste prism as Prasad is a Kamma (Naidu's caste) and Vijayanand belongs to the backward community. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for Hectic New Year’s Eve for Govt Officials It is unlikely to be a relaxed New Year's eve for a lot of central ministries and officials as PM Narendra Modi is expected to hold a review on infrastructure development on December 31. Several infrastructure ministries and departments are holding hectic meetings to ready presentations and sectoral progress reports for the big day. In a 1st, Underwater Drones Deployed for Maha Kumbh In a first, "underwater drones" capable of diving up to 100 meters will be deployed during the upcoming Maha Kumbh to provide round-the-clock surveillance at Sangam area in Uttar Pradesh's Prayagraj , the culture ministry ha-s said. Besides, renovation of 92 roads, construction of 30 pontoon bridges and installation of 800 multilingual signages are being undertaken to facilitate the pilgrims and other visitors showcasing India's culture and diversity. Under PM Modi's leadership, the UP government is making "extensive preparations to ensure that Maha Kumbh 2025 is a grand, safe and spiritually enriching event", the ministry said. (You can now subscribe to our Economic Times WhatsApp channel )Published 4:21 pm Sunday, December 8, 2024 By Ernest Bowker Ole Miss was left out of the College Football Playoff. Its consolation prize is a trip to Jacksonville. Ole Miss announced Sunday that it has accepted a bid to play Duke in the TaxSlayer Gator Bowl on Jan. 2 in Jacksonville, Florida. It wasn’t the postseason assignment the Rebels wanted, but one they’ll take after a 9-3 season. Ole Miss finished No. 14 in the final College Football Playoff rankings that were released Sunday. Twelve teams were picked for the Playoff. “Our team is one of the best in college football, and the game will serve as a memorable finale for this special group of players,” said Keith Carter, Ole Miss Vice Chancellor for Intercollegiate Athletics. “The trip also provides an excellent opportunity to join our strong alumni base in the Sunshine State while competing in one of the nation’s most fertile recruiting grounds. We appreciate the chance to face a program like Duke on a national platform, and we expect the Ole Miss family to be well represented.” This is the fifth season in a row that Ole Miss has earned a bowl bid. That’s the program’s longest streak since a run of 15 in a row from 1957-71. It’ll be the school’s fourth appearance in the Gator Bowl and first since 1991. Ole Miss and Duke (9-3) have never faced each other in football. Duke won its last three games and finished sixth in the 18-team Atlantic Coast Conference. Two of its three losses came against top-15 teams Miami and SMU. The 80th annual TaxSlayer Gator Bowl will be played at 6:30 p.m. on Jan. 2 and be televised on ESPN. Tickets are available here . “We are grateful to once again take the field with this Ole Miss team — one of the best in the country,” Ole Miss coach Lane Kiffin said. Other SEC teams who received bowl bids Sunday were: • Florida (7-5), which will face Tulane (9-4) in the Union Home Mortgage Gasparilla Bowl in Tampa on Dec. 20. • Vanderbilt (6-6) is headed to the Birmingham Bowl againt Georgia Tech (7-5) on Dec. 27. It is Vanderbilt’s first bowl game since 2018. • Oklahoma (6-6) will play Navy (8-3) in the Lockheed Martin Armed Forces Bowl on Dec. 27, in Fort Worth, Texas. • Arkansas (6-6) and Texas Tech (8-4) will play in the AutoZone Liberty Bowl in Memphis on Dec. 27. • Texas A&M (8-4) will head west to face Southern California (6-6) in the SRS Distribution Las Vegas Bowl on Dec. 27. • Missouri (9-3) will take on Iowa (8-4) in the TransPerfect Music City Bowl in Nashville on Dec. 30. • Alabama (9-3), which just missed a spot in the College Football Playoff, will play Michigan (7-5) in the ReliaQuest Bowl in Tampa on Dec. 31. • South Carolina (9-3) will play Illinois (9-3) in the Cheez-It Citrus Bowl in Orlando, Florida, on Dec. 31. • LSU (8-4) and Baylor (8-4) will meet in Houston for the Kinder’s Texas Bowl on New Year’s Eve. It’s the 12th all-time meeting between LSU and Baylor, in a series that dates back to 1907, but the first time they’ve played each other since the 1985 Liberty Bowl. • SEC champion Georgia (11-2), Texas (11-2) and Tennessee (10-2) all earned spots in the College Football Playoff . Tennessee will play at Ohio State (10-2), while Texas will host ACC champion Clemson (10-3) in first-round games on Dec. 21. Georgia got a first-round bye and will await the winner between Notre Dame and Indiana in the Sugar Bowl on New Year’s Day. Ernest Bowker is The Vicksburg Post's sports editor. He has been a member of The Vicksburg Post's sports staff since 1998, making him one of the longest-tenured reporters in the paper's 140-year history. The New Jersey native is a graduate of LSU. In his career, he has won more than 50 awards from the Mississippi Press Association and Associated Press for his coverage of local sports in Vicksburg.
In a series of strategic moves, XYZ Fund recently announced a significant investment in Horizon Robotics, a leading AI chip company that specializes in providing AI solutions for autonomous driving and smart devices. This investment not only underscores the fund's confidence in Horizon Robotics' technology and market potential but also highlights its commitment to playing a pivotal role in shaping the future of AI-driven industries.
The implications of this phenomenon are far-reaching, with potential consequences for both the environment and human activity. On a climatic level, the lack of cooling down following heavy snow could disrupt ecosystems and natural habitats, impacting wildlife and vegetation. For example, certain plant and animal species may be negatively affected by the failure of temperatures to drop, throwing off their seasonal cycles and reproductive patterns. In the long term, such disruptions could have cascading effects on biodiversity and ecosystem functioning.
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