Tag: deal

TikTok inks multi-year licensing deal with Dutch collecting Society Buma/Stemra

TikTok has signed a multi-year deal with Dutch Collecting Society Buma/Stemra, securing royalty payments for the songwriters, composers and publishers represented by the organization.

The agreement follows last month’s news of TikTok’s 100 million monthly active user milestone in Europe in addition to a similar number in the United States.

As part of the deal, according a press statement, TikTok will work with Buma/Stemra’s members to deepen their “understanding of the platform and the opportunities it presents to those creating and also performing music”.

Buma/Stemra’s members include Dutch EDM stars and TikTok users such as Fedde Le Grand and Tiësto, as well as Martin Garrix, whose hit Ocean featuring Khalid has been used in over 1.4m video creations and Summer Days the soundtrack to 1.2m creations.

In addition, prominent Dutch artists, songwriters and producers Kris Kross Amsterdam, Broederliefde, Duncan Laurence, Sam Feldt, Quintino and Nicky Romero also use the platform.

“This deal with Buma/Stemra secures royalty payments to the Dutch song-writing and publishing community and underlines TikTok’s commitment to paying creators when their music is used.”

Ole Obermann, TikTok

Ole Obermann Global Head of Music at TikTok, said: “This deal with Buma/Stemra secures royalty payments to the Dutch song-writing and publishing community and underlines TikTok’s commitment to paying creators when their music is used.

“Through our platform, a global audience can appreciate and explore their own creativity, using the musical talent of renowned producers, DJs and songwriters from The Netherlands.

“I’m delighted we’ve built on our existing relationship and put this multi-year deal in place.”

“This is good news for our authors and publishers, especially in these days where our members income has diminished in other markets.”

Bernard Kobes, Buma/Stemra

Bernard Kobes, CEO at Buma/Stemra, added:: “We are very happy that the intense but constructive negotiations with TikTok have brought us this agreement.

“This is good news for our authors and publishers, especially in these days where our members income has diminished in other markets.

“We look forward developing this partnership deal further with TikTok and our members”.

 Music Business Worldwide

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U.S. government signs deal to make more COVID-19 vaccine components

(Reuters) – The U.S. government has entered an agreement with life sciences company Cytiva, a unit of Danaher Corp, to expand the manufacturing of products needed to make COVID-19 vaccines, the U.S. Department of Health and Human Services (HHS) said on Tuesday.

Under the deal, Cytiva will receive about $31 million to scale up manufacturing of vaccine-related products, including cell cultures and hardware such as bioreactors used for the culturing of cells and antibodies.

The grant will help the company ramp up the manufacturing capabilities of its Massachusetts and Utah facilities.

The U.S. government has till date agreed to pay more than $1.1 billion to purchase needles, syringes, vials and supply kits, as well as expand manufacturing capacity for COVID-19 vaccines and therapeutics in the United States, the HHS said.

“By expanding capacity now, not only do we help deliver these products as quickly as possible, but we also return manufacturing to America, boosting the economy and preparing us for future crises,” HHS Secretary Alex Azar said in a media statement.

Cytiva is among the primary suppliers to several companies currently working with the U.S. government to develop COVID-19 vaccines.

(Reporting By Mrinalika Roy and Vishwadha Chander in Bengaluru; Editing by Devika Syamnath)

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Dear Annie: I don’t know how to deal with my daughter-in-law’s accusations

Dear Annie: My son and daughter-in-law have been married for about three years. She used to be a very nice girl when dating my son. When they told me they were getting married, it was just so that she could be put on my son’s health insurance because she couldn’t work anymore. I was still happy. She sold her house and moved into his house.

I live five hours away, so when I visit, I usually stay four days and play with my granddaughter, who is 9 years old. I was kidding around one day when my son was leaving for work and I said, “Aren’t you going to kiss your wife goodbye?” She yelled, “We don’t have that kind of relationship!” I quickly shut my mouth.

When I used to go down, I would ask if I could take my granddaughter for a walk, but now she always says no. She says she doesn’t trust me. She accuses me of all kinds of things that are not true. When I tell my son what she says to me, he always answers that’s just how she is. Once my son and his wife went to a ballgame, her mother was babysitting at her house because I can’t be trusted. I had nothing to do, so I vacuumed the house. When they came home, she had a fit. She considers that I’m saying she’s dirty.

When she got pregnant again, I was not allowed to know until my son called months later and told me they were having twins. That’s why they were telling me — because he said it wasn’t a good time to come down, instead of just telling me she is pregnant (everyone else knew). He said there would never have been all that arguing. My daughter-in-law and I have not spoken since she became pregnant nine months ago. She started messaging me nasty things, saying it wasn’t any of my business why I couldn’t come down. She states, “STAY UP WHERE YOU ARE NOBODY LIKES YOU DOWN HERE ANYWAY.” So we started arguing back and forth on Messenger.

I was talking with my doctor about this, and he says to stay away from her. What do I do if I’m invited to birthdays or the twins’ christening? She took away my bonding time with my granddaughter. I don’t want to be around her, but I want to see my grandchildren. — Shut-Out Grandma

Dear Shut-Out Grandma: Your daughter-in-law does sound unstable, or certainly like she believes you cannot be trusted. That must be so hurtful for you as a grandmother, and I’m sorry you are going through this. Grandparents are a gift to children, so let’s try and find a way for you to be back in their lives. You should attend events if you are invited. Birthdays and christenings are memorable days that you don’t want to miss. When you’re there, focus on the love you have for your grandchildren and your son. If you can

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Israeli government approves normalization deal with U.A.E.

The Israeli government unanimously approved the country’s recently signed normalization agreement with the United Arab Emirates on Monday ahead of a ratification vote by parliament.

Israeli Prime Minister Benjamin Netanyahu said in a statement following his weekly cabinet meeting that he spoke over the weekend with Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan.

“We talked about co-operations that we are advancing — in investment, tourism, energy, technology and other fields,” Netanyahu told the cabinet, with Israeli and Emirati flags flanking the conference table. “We will also co-operate and are already co-operating in the fight against the coronavirus pandemic.”

Sheikh Mohammed, the U.A.E.’s day-to-day ruler, separately tweeted confirmation of the call Monday, saying they discussed “prospects for peace and the need for stability, co-operation and development in the region.”

Netanyahu’s office said it was the first conversation between the two leaders since the Sept. 15 signing ceremony on the White House lawn he attended with the Emirates’ foreign minister. The Knesset is slated to vote on ratifying the deal on Thursday.

Neighbouring Gulf monarchy Bahrain also signed an agreement on Sept. 15 at the White House to normalize relations with Israel, making the U.A.E. and Bahrain the third and fourth Arab states to establish ties with Israel. Egypt and Jordan signed peace treaties with Israel in 1979 and 1994, respectively.

The so-called Abraham Accords brought long-clandestine ties between Israel and several Gulf states — forged in recent years over a shared concern over regional rival Iran — into the open. The weeks since have seen a flurry of business, banking and intergovernmental agreements between the U.A.E. and Israel, though moves toward normalization have been slower in Bahrain.

The normalization agreements have outraged the Palestinians, whose leaders have called the deals a betrayal of a longtime Arab stance that recognition of Israel would come only after Palestinians obtain an independent state of their own.

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Israeli government approves normalization deal with UAE

JERUSALEM (AP) — The Israeli government unanimously approved the country’s recently signed normalization agreement with the United Arab Emirates on Monday ahead of a ratification vote by parliament.

Israeli Prime Minister Benjamin Netanyahu said in a statement following his weekly Cabinet meeting that he spoke over the weekend with Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan.

“We talked about co-operations that we are advancing — in investment, tourism, energy, technology and other fields,” Netanyahu told the Cabinet, with Israeli and Emirati flags flanking the conference table. “We will also cooperate and are already cooperating in the fight against the coronavirus pandemic.”

Sheikh Mohammed, the UAE’s day-to-day ruler, separately tweeted confirmation of the call Monday, saying they discussed “prospects for peace and the need for stability, cooperation and development in the region.”

Netanyahu’s office said it was the first conversation between the two leaders since the Sept. 15 signing ceremony on the White House lawn he attended with the Emirates’ foreign minister. The Knesset is slated to vote on ratifying the deal on Thursday.

Neighboring Gulf monarchy Bahrain also signed an agreement on Sept. 15 at the White House to normalize relations with Israel, making the UAE and Bahrain the third and fourth Arab states to establish ties with Israel. Egypt and Jordan signed peace treaties with Israel in 1979 and 1994, respectively.

The so-called “Abraham Accords” brought long-clandestine ties between Israel and several Gulf states — forged in recent years over a shared concern over regional rival Iran — into the open. The weeks since have seen a flurry of business, banking and intergovernmental agreements between the UAE and Israel, though moves toward normalization have been slower in Bahrain.

The normalization agreements have outraged the Palestinians, whose leaders have called the deals a betrayal of a longtime Arab stance that recognition of Israel would come only after Palestinians obtain an independent state of their own.

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POLITICO Playbook PM: A Covid relief deal looks likelier than ever. A law, not so much

THE HUMAN YO-YO HAS BOUNCED BACK UP: President DONALD TRUMP now desperately wants a Covid relief deal, and his White House seems to be trying to make it happen for him.

BUT Senate Majority Leader MITCH MCCONNELL said today in Kentucky he thinks it is very unlikely something will get done in the next three weeks — and that explains the tension here.

SENIOR ADMINISTRATION OFFICIALS and Hill sources tell us that they plan to work through this weekend, all next week and possibly next weekend to get a deal.

WHO KNOWS WHY TRUMP WANTS THIS. He may want noise to fill the silence. Maybe he wants a bump in the stock market. We’re not mood readers or psychiatrists or psychics. This deal could’ve been cut 90 times between May and now.

HERE ARE A FEW THINGS WE PICKED UP ON this morning, which are likely to be represented in an offer we’re told the administration will transmit to Speaker NANCY PELOSI today:

— THE WHITE HOUSE’S top-line number is $1.8 trillion. The line the GOP can’t cross is $2 trillion. All depends on the details, but this is now significantly higher than the GOP’s previous top line, which was $1.5 trillion.

— THE ADMINISTRATION is aiming for $300 billion in state and local funding. Too low for Democrats, but in the right direction. The GOP will have to come up here. Also, there’s unspent money that could be counted.

— THEY WANT TO TRY TO REPLACE the Earned Income Tax Credit with a boost in stimulus payments. We’re not clear here on the details, but it shows that the GOP is looking to close up an unresolved element of the negotiations.

BUT HERE ARE THE PROBLEMS: Lots of details are still not worked out. And Republicans on Capitol Hill are going to hate this. It’s going to be hard to get through the House with many Republican votes, and it could land in the Senate as late as the end of this month or on the doorstep of early November. What do they do with a bill at that point? Probably ignore it.

CASE IN POINT — MCCONNELL today in BULLEIT COUNTY, KY.: “The situation is kind of murky, and I think the murkiness is a result of the proximity to the election and everybody kind of trying to elbow for political advantage. I’d like to see us rise above that like we did back in March and April, but I think that’s unlikely in the next three weeks.” More from Marianne LeVine

TAKEAWAY: DEAL, more likely than ever. A deal means MNUCHIN and PELOSI say they have reached a deal. AN ACTUAL LAW: Not terribly likely pre-election.

THERE IS A SPLIT MINDSHARE IN D.C.: Will MCCONNELL accede to the White House no matter the deal? Or will he hold his

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Did El Salvador’s government make a deal with gangs?

El Salvador's government wants to show it has not given any special treatment to gang members
El Salvador’s government wants to show it has not given any special treatment to gang members

El Salvador’s jailed gang members will see “not one ray of sunshine”, said the country’s prisons director, Orisis Luna Meza, in April.

He was describing the latest phase in the government’s hard-line security policy, the “Plan for Territorial Control”, which imposed stricter, more inhumane conditions in the country’s maximum-security prisons.

Natural light would be shut out from the inmates’ cells, family visits were banned and prisoners from two rival gangs – the MS-13 and Barrio 18 – would be housed together, mortal enemies living cheek-by-jowl in the heavily overcrowded cells.

Images of hundreds of half-naked, shaven-headed prisoners shackled together in the prison yards amid a worsening coronavirus outbreak sparked outrage among international human rights groups.

‘Show me one privilege’

Today, the government is not concealing the appalling state of its prisons but showing them off again, openly inviting journalists to film inside the dank, unsanitary cells.

“Show me one privilege, just one” the prisoners had received, President Nayib Bukele wrote on Twitter, his favoured form of communication.

Overcrowded cells are the norm in many of El Salvador's prisons
Overcrowded cells are the norm in many of El Salvador’s prisons

The president’s belligerent tweets followed allegations in the high-profile online journal, El Faro, that his administration had held secret negotiations with gang leaders inside jail.

Citing a number of leaked government documents, El Faro alleged that MS-13 leaders had received benefits like fast food or a relaxation of their harsh treatment in exchange for peaceful streets.

The gang leaders were said to have ordered their members on the outside to reduce the levels of violent crime which blight El Salvador’s communities, particularly murder and extortion.

El Faro also made the potentially explosive claim that the Bukele administration had sought the gang’s support in legislative elections next year.

Equivocal response on documents’ authenticity

“I totally deny that these meetings happened,” Director of Prisons Osiris Luna Meza said about the allegation that he was present at the meetings along with several unidentified masked men.

“I have not and will not participate in any such meeting. I have always been very consistent with my political activities. These kinds of activities aren’t who I am,” he told me via Skype.

Prisons Director Osiris Luna Meza asserted that prisoners would receive no favours from his administration
Prisons Director Osiris Luna Meza asserted that prisoners would receive no favours from his administration

So far, the government of Nayib Bukele has robustly denied the content of El Faro’s report but stopped short of saying the documents were fake.

I pushed Mr Luna Meza three times to unequivocally state that the documents were false but, on each occasion, he prevaricated.

“Beyond any documents which may or may not exist, here we deal with concrete facts,” he said.

“If the article says that some kind of truce exists between the government and the gangs, that they have received benefits, you can see that is not true.”

The prisons’ director confirmed that he would resign if the Attorney General’s office, which is currently investigating the claims, confirmed the allegations.

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EU launches legal action against UK for breaching Brexit deal and international law | World

Since the UK government has not pulled this legislation, the Commission has written a letter of formal notice to the UK government, the first step in an infringement procedure — something the EU commonly uses when parties breach agreements with the union.

“The letter invites the UK government to send its observations within a month and besides this the Commission will continue to work hard towards full and timely implementation of the Withdrawal Agreement. We stand by our commitments,” von der Leyen concluded.

The move, though dramatic, was expected in London. The government had previously admitted that its Internal Market Bill would breach the treaty and break international law in a “very specific and limited way.” The government claims that the bill is a safety net to ensure seamless trade between the four nations of the United Kingdom in the event of a no deal Brexit at the end of this year and hopes it won’t have to use the legislation.

The backdrop to all of this is that trade talks between London and Brussels are entering their final phase. The last formal round of talks are talking place right now and an EU summit will take place on October 15, where negotiators hope a deal will be on the table for EU leaders to approve.

Both sides say a deal is in sight, but are struggling to reach an agreement on some key issues, most notably around the UK’s ability to use state aid in order to prop up British businesses. The EU says this could give British companies an unfair advantage over EU companies. There are also disputes over fishing rights and governance.

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Government Will Quash Oracle’s TikTok Deal If Security Requirements Not Met

Treasury Secretary Steven Mnuchin said Wednesday that the government will shut down the TikTok app if its presumptive lead strategic investor, Oracle (NYSE:ORCL), does not enact stricter standards for the video-sharing app’s security.

One of the key demands from the government is that the code for the app is held within our borders. “All of the code will have to be in the United States. Oracle will be responsible for rebuilding the code, sanitizing the code, making sure it’s safe in their cloud, and … it’ll satisfy all of our requirements,” said Mnuchin in remarks made during a CNBC investor conference.

Under pressure from U.S. authorities to divest TikTok, the app’s owner — China-based ByteDance — reached a deal earlier this month for Oracle to buy a 12.5% stake in the business. Walmart (NYSE:WMT) will subsequently purchase a 7.5% TikTok stake.

Those holdings, combined with the 40% of ByteDance owned by venture capital firms in this country, will give U.S. politicians sufficient scope to claim that TikTok is majority-owned by U.S. entities.

TikTok is the latest video-sharing app wildly popular with consumers, particularly young ones. Echoing security concerns that have been prevalent since the app’s rise to prominence, the government-mandated a divestment. It set Sept. 20 as a deadline for such a move to be completed or else TikTok would be banned in the U.S.

This article originally appeared in the Motley Fool. 

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

New downloads of the popular video-sharing app TikTok would be banned from midnight Sunday unless a court blocks the order by President Donald Trump, who has cited national security concerns New downloads of the popular video-sharing app TikTok would be banned from midnight Sunday unless a court blocks the order by President Donald Trump, who has cited national security concerns Photo: GETTY IMAGES / MARIO TAMA

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U.S. airlines to accept billions in loans from federal government; still no deal to avoid furloughs

The announcement comes as tens of thousands of airline employees face the possibility of furloughs if Congress is unable to reach a deal to extend a separate grant program that gave airlines billions of dollars if they agreed to keep workers on the job through the end of September. While negotiations continue, a deal must be reached before midnight Wednesday.

“The payroll support and loan programs created by the CARES Act have saved a large number of aviation industry jobs, and kept workers employed and connected to their health care, during an unprecedented time,” Treasury Secretary Steven Mnuchin said in a statement. “We are pleased to conclude loans that will support this critical industry while ensuring appropriate taxpayer compensation.”

Mnuchin also said Congress must extend the payroll support program, “so we can continue to support aviation industry workers as our economy reopens and we continue on the path to recovery.”

At least three other carriers, Delta Air Lines, Southwest Airlines and Spirit Airlines, which signed letters of intent to accept the loans in July, said they will no longer participate in the loan program. Their decision frees additional money for other carriers. Treasury officials said airlines would be eligible for up to $7.5 billion, or 30 percent of the $25 billion available under the program.

“Our national leaders did a tremendous job developing innovative and effective programs to support the aviation industry, which is critical to the U.S. economy,” Spirit Airlines chief executive Ted Christie said in a statement announcing the decision earlier this month. “Ultimately, as a responsible company, we’re all about self-help and we decided it was our duty to avoid burdening the U.S. taxpayer if we had access to viable alternatives in the private market.”

Not all the loan amounts were made public. Treasury officials said that information will be made available 72 hours are the transactions are completed. According to available data, American Airlines received $5.2 billion, while Hawaiian Airlines received $420 million.

Companies that receive loans must follow conditions similar to those required under the grant program, including keeping employees on the payroll through the end of September, maintaining certain levels of service as far out as 2022, and limiting stock buybacks and executive compensation.

Under the Cares Act, airlines were eligible to receive more than $50 billion in grants and loans. Congress is negotiating on whether to extend the $25 billion grant program that focused on keeping pilots, flight attendants, mechanics and other front-line workers on the job. The separate loan program made $25 billion available to airlines, certified repair stations and ticket agents.

The seven carriers expected to obtain loans received more than $12 billion through the grant program. Of that amount, American and United got the most, with American receiving about $5.8 billion and United just under $5 billion. Alaska received about $992 million; JetBlue Airways, roughly $936 million; Frontier Airlines, $205 million; Hawaiian Airlines, about $292 million; and SkyWest approximately $438 million.

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