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Fed’s favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected

In November, an inflation metric closely monitored by the Federal Reserve displayed a modest uptick, aligning more closely with the central bank's target.

The primary personal consumption expenditures price index, which omits fluctuating costs of food and energy, saw a 0.1% rise during the month. When compared to the same period in the previous year, the index demonstrated a 3.2% increase, as stated in a recent Commerce Department release.

This outcome slightly differed from the projections of economists polled by Dow Jones, who anticipated increases of 0.1% monthly and 3.3% annually.

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Gymnastics star Simone Biles named AP Female Athlete of the Year a third time after dazzling return

Of course, there was a hint of nervousness. Given the recent events, it was unavoidable.

Simone Biles entered the gymnastics arena in a Chicago suburb in late July, marking her return to competition after a two-year break. She was conscious of the anticipation surrounding her comeback.

“I had the same question in mind, don’t worry,” said Biles, laughing off the nerves.

After completing the first rotation, the world's most accomplished gymnast felt at ease, back in her element. By the close of August, she clinched the national championship title once more. And by October, she secured her status as a world champion yet again.

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Lionsgate Studios To Become A New Public Company, Splitting With Starz In SPAC Deal

Researchers at MIT, utilizing advanced deep learning techniques, have made a Lionsgate has officially announced its plans to separate its studio division from Starz. The division, which includes the TV studio, motion picture group, and film and television libraries, will merge with Screaming Eagle Acquisition Corp., a special purpose acquisition company (SPAC) spearheaded by Eli Baker.

This deal places a $4.6 billion enterprise value on the Lionsgate Studios. From this transaction, Lionsgate is expected to gain $350 million in proceeds. These funds will be utilized to reduce debt and support strategic ventures, particularly those associated with eOne.

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