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Republican congressman Darrell Issa of San Diego County and Democrat Don Davis of North Carolina have introduced the Hookah Clarification Act of 2024 to equally tax hookah waterpipe tobacco and conventional pipe tobacco. Issa noted that hookah is a cultural tradition that is found in many communities throughout Southern California, while Davis’ state is a major tobacco producer. The two congressmen are introducing the act to “end longstanding confusion about the existing tax classification of hookah and establish clarity for the future,” Issa said. “This bill is an important first step toward equitable tax treatment for the American hookah industry, and I believe it will find significant support,” he said. We have launched our year-end campaign. Our goal: Raise $50,000 by Dec. 31. Help us get there. Times of San Diego is devoted to producing timely, comprehensive news about San Diego County. Your donation helps keep our work free-to-read, funds reporters who cover local issues and allows us to write stories that hold public officials accountable. Join the growing list of donors investing in our community's long-term future. The legislation would create a subcategory for waterpipe tobacco, separating it from pipe tobacco to ensure it is classified appropriately. In addition, a tax of $2.8311 per pound would be assessed on both pipe and waterpipe tobacco manufactured in or imported to the U.S. The bill also establishes the first legal definitions for both hookah and waterpipe tobacco – a step toward modernizing outdated regulations. “Tobacco production plays a crucial role in eastern North Carolina’s economy, and Congress must implement fair taxation for all tobacco products,” Davis said. The schedule for hearings on the proposed bill is still to be determined, according to Jonathan Wilcox, communications director at Issa’s office. Get Our Free Daily Email Newsletter Get the latest local and California news from Times of San Diego delivered to your inbox at 8 a.m. daily. Sign up for our free email newsletter and be fully informed of the most important developments.New York State Common Retirement Fund trimmed its position in Amazon.com, Inc. ( NASDAQ:AMZN ) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,496,102 shares of the e-commerce giant’s stock after selling 787,355 shares during the period. Amazon.com makes up about 3.2% of New York State Common Retirement Fund’s holdings, making the stock its 4th biggest position. New York State Common Retirement Fund owned approximately 0.12% of Amazon.com worth $2,328,399,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its position in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after purchasing an additional 289,532 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Amazon.com by 3.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock valued at $7,917,906,000 after purchasing an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Amazon.com by 1.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock worth $6,161,579,000 after buying an additional 464,938 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors. Amazon.com Price Performance AMZN stock opened at $227.03 on Friday. The stock has a 50-day moving average price of $197.39 and a two-hundred day moving average price of $188.12. The company has a market cap of $2.39 trillion, a PE ratio of 48.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $143.64 and a 12-month high of $227.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Insider Buying and Selling In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 6,030,183 shares of company stock worth $1,252,883,795. 10.80% of the stock is currently owned by corporate insiders. Analyst Ratings Changes AMZN has been the subject of a number of research analyst reports. Oppenheimer increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Redburn Atlantic raised their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Loop Capital boosted their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $236.20. View Our Latest Stock Report on Amazon.com Amazon.com Company Profile ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Read More Five stocks we like better than Amazon.com What Does a Gap Up Mean in Stocks? How to Play the Gap Fast-Growing Companies That Are Still Undervalued 3 Must-Buy Warren Buffett Stocks for Volatile Times Top Cybersecurity Stock Picks for 2025 What is the Australian Securities Exchange (ASX) Archer or Joby: Which Aviation Company Might Rise Fastest? Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ). Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .The Vikings have prepared for the game against the Atlanta Falcons without veteran quarterback Stephon Gilmore this week, and on Friday he was officially ruled out ahead of the matchup on Sunday afternoon at U.S. Bank Stadium. ADVERTISEMENT The news isn’t surprising given the fact that Gilmore hasn’t practiced at all this week at TCO Performance Center. He’s been nursing a hamstring injury since last week when he left a victory over the Arizona Cardinals. Though the Vikings believe that Gilmore has avoided anything serious, they are clearly being cautious with him so not to make anything worse. The loss of Gilmore in the short term will thrust veteran cornerback Fabian Moreau into a bigger role on defense. ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .
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Chargers are expected to be without top RB Dobbins and could lean on QB Herbert against FalconsSANTA CLARA — Brock Purdy pulled off his grey 49ers sweatshirt Friday and, as he headed for the locker room showers, his sore right shoulder was exposed. There was no noticeable swelling or lump, aside from minor marks via treatment he received since last Sunday’s once-subtle injury. His muscular 24-year-old build appeared stout as ever. Looks can be deceiving. So can words, in any NFL team’s injury descriptions, any Instagram doctors’ prognosis, or any reporters’ déjà vu feelings. “I don’t want to say there’s long-term concern,” coach Kyle Shanahan said Friday, referring to Purdy’s MRI exam and indicating the quarterback will miss Sunday’s game at Green Bay. Brandon Allen will make the spot start. For how long, though? Exercising caution is wise to protect a bona fide franchise quarterback who threw for a 49ers-record 4,280 yards last season on a surgically repaired elbow and is due for a 49ers-record contract extension at this season’s likely bitter end. Shanahan and general manager John Lynch indicated that Purdy’s MRI on Monday did not reveal a dire, franchise-altering ailment. “We thought he just needed some rest and really weren’t concerned about him not being good this week,” Shanahan said. “But when he started up Thursday, (his shoulder) just surprised him, surprised us, how it felt.” It’s no surprise, however, how a shoulder injury can grow into a bigger firestorm. For now, public proclamations are minimizing any long-range ramifications. Purdy was not made available to reporters, but as he walked through the locker room Friday, he tried to exude a positive outlook, saying: “We’re all good.” His demeanor remained as upbeat and polite as ever in an ensuing conversation with a staff member. Neither of Purdy’s understudies, Allen and Josh Dobbs, has a history of shoulder injuries, so they were hesitant to speak about how fear-inducing those must be for a quarterback. “I’m not too worried about it, I don’t think any of our guys are,” Allen said. “He’ll rehab and get back as fast as he can. And as far as shoulders, it happens. I don’t think it’ll be anything lingering or long-term for him.” Three seasons ago, when the 49ers last visited Lambeau Field, Jimmy Garoppolo was a week removed from hurting his shoulder – a torn capsule, the 49ers said – in a wild-card playoff win at Dallas. Garoppolo played through the injury, the 49ers won without scoring an offensive touchdown. Two months after losing in the NFC Championship Game, Garoppolo surprised the 49ers by electing to have surgery on his shoulder, complicating a potential trade or release and keeping him on the roster. That made for an awkward but necessary comeback in 2022 as he served as a helpful bridge between Trey Lance’s two-start cameo and Purdy’s late-season emergence for another playoff run. Go back nine years and there is another 49ers quarterback quandary. Colin Kaepernick was listed as probable to play at Seattle, but a day before kickoff, the 49ers surprisingly put him on injured reserve. He headed for surgery to repair a torn labrum in his non-throwing shoulder. Benched three weeks before that IR move, Kaepernick spent the ensuing offseason rehabilitating for what would be one final season with the 49ers and the NFL. An even messier shoulder story unfolded with Kaepernick’s predecessor, Alex Smith. A 2007 feud ensued between Smith and third-year coach Mike Nolan, who publicly dismissed Smith’s shoulder pain that traced back to a Sept. 30 separation. Smith played hurt a few games, then confessed to the nagging pain in his shoulder, after the 49ers had listed him out of practice with a forearm strain. Smith rallied and rebuilt his career, albeit under other coaches. Now it’s Purdy stepping aside for an unknown length of time. Allen relayed their Friday conversation: “He believes in me, says ‘You’re here for a reason. Go in, step up, play well.’ He’ll be back. So I’m not worried about it.” “He’s doing well. He’s in good spirits,” Dobbs added. “Obviously, I don’t want to speak for him, but he wants to be out there. So he will work his butt off to get back out there, and we’ll hold it down for him until he gets back.”
Punjab unit of Bharatiya Janata Party (BJP) has distanced itself from the statement of Union minister Ravneet Singh Bittu’s remarks on Narain Singh Chaura , who made a life attempt on Sukhbir Singh Badal. Bittu had suggested that Chaura should be honoured with the title of “Qaum Da Heera” (gem of the community). In a statement issued on Sunday, BJP national executive member Manoranjan Kalia said the recent statement of Bittu eulogising the attacker was not the party’s line. READ | Sukhbir Singh Badal attacked: ‘Why accused not arrested’, ask Akali leaders “Any statement scoring brownie points politically which has the cascading effect of damaging the political and social fabric of Punjab, thereby denting communal harmony, should be avoided,” Kalia said. He added that the BJP had already condemned the December 4 attack on Sukhbir. Drawing parallels with his grandfather’s assassination, Bittu, while talking to media persons, said, “When Beant Singh ji was assassinated, 17 others lost their lives, leaving families orphaned. The SAD honoured the individuals in such cases at the Golden Temple. Now it is their turn to reciprocate by supporting Chaura with similar magnanimity.” “If my grandfather’s killer, Balwant Singh Rajoana, is being termed Quam Da Heera, Chaura should be given the same treatment by Akali Dal and SGPC,” Bittu said.None
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