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Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia shares about 3% Monday. They are still up 179% so far this year. Considered a bellwether for artificial intelligence demand, Nvidia has led the AI sector to become one of the stock market’s , as tech giants spend heavily on the company’s chips and data centers needed to train and operate their AI systems. Nvidia’s shares have surged this year along with the California company’s revenue and profit due to AI demand. According to data firm FactSet, about 16% of Nvidia’s revenue comes from China, second only to its U.S.-generated revenue. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its release, Nvidia posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago. Nvidia earned $19.31 billion in the quarter, more than double the $9.24 billion it posted in last year’s third quarter. The earnings release did not break out revenue from China. The company’s market value rocketed to $3.5 trillion recently, passing Microsoft and briefly overtaking Apple as the world’s most valuable company. China’s antitrust investigation follows a report this summer by technology news site The Information that the U.S. Justice Department was investigating complaints from rivals that in the chip sector. The allegations reported include Nvidia threatening to punish those who buy products from both itself and its competitors at the same time. David Bieri, an international finance expert at Virginia Tech, said that China’s investigation is “not about what Nvidia is doing in China, per se” but rather a signal to the incoming Trump administration. China, Bieri said, is looking to set the tone of future relations. The Chinese government, he said, is telling the U.S. “don’t mess with us, because all of your darling corporations that your version of capitalism needs to prosper have entanglements” with China. Nvidia will have to revise its strategy in China or come up with provisions in their budgets for the type of uncertainty business with China will bring, Bieri said. “I don’t think this is something that they can shake off,” he said. “I also have a tremendous amount of faith in the brilliance of the management strategy of a corporation like Nvidia to not only pay attention to credit risk, market risk and operational risk, but also to political risk.” Nvidia’s invention of graphics processor chips, or GPUs, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics. Last month, it on the Dow Jones Industrial Average, ending the pioneering semiconductor company’s 25-year run on the index. Unlike Intel, Nvidia designs but doesn’t manufacture its own chips, relying heavily on Taiwan Semiconductor Manufacturing Co., an Intel rival. ___ Associated Press Technology Writer Sarah Parvini in Los Angeles contributed to this report. Matt Ott, The Associated PressWade Taylor IV helps No. 22 Texas A&M get by Texas Tech

NoneRupert Murdoch ‘s eyebrow-raising attempt to restructure the family trust that governs Fox Corp. and News Corp. was rebuked last week in probate court in Las Vegas, thwarting — at least for now — the media mogul’s efforts to change the dictates of how four of his children, including current Fox CEO Lachlan Murdoch might govern the companies after he dies. The New York Times reported Monday that Murdoch’s bid to ensure Lachlan had control over the companies was rejected by Edmund J. Gorman Jr, a commissioner in probate court in Las Vegas, where Murdoch had filed the case to amend the irrevocable family trust. At present, the trust ensures four of his children — Lachlan, James, Prudence and Elisabeth — will have equal say in governing how Fox Corp. and News Corp. are run Their wishes could have significant effects on the direction of such assets as Fox News Channel, the conservative cable network that has enjoyed an outsize influence on Republicans and right-wing viewers. Rupert Murdoch intends to appeal the decision, according to a person familiar with the matter. Adam Streisand, an attorney representing Rupert Murdoch in the matter, could not be reached for immediate comment. Representatives of Fox Corp. and News Corp. could also not be reached for immediate comment. The Times reported that Rupert Murdoch has in recent years wanted to maintain the conservative leanings of his media empire, particularly at Fox News, which has become the economic linchpin of Fox Corp. But James Murdoch and Elisabeth Murdoch are known to hold different political views than their brother, with James notably contributing to causes that are not in keeping with the opinions espoused on the cable network. The trouble has come in trying to change the trust. In order to do so, the elder Murdoch had to prove that the changes he wanted to make would be in the best interests of all parties. Gorman took issue with that concept, noting in a 96-page decision that the plan represented a “carefully crafted charade” to “permanently cement Lachlan Murdoch’s executive roles” despite “the impacts such control would have over the companies or the beneficiaries” of the trust, according to the Times report. At the heart of the matter, the Times reported, were doubts about James Murdoch’s intentions. James has appeared estranged from his father and brother in recent years, and Lachlan Murdoch and his father sought different methods for disenfranchising the three other children. “The effort was an attempt to stack the deck in Lachlan Murdoch’s favor after Rupert Murdoch’s passing so that his succession would be immutable,” Gorman wrote in his decision, according to the Times. “The play might have worked; but an evidentiary hearing, like a showdown in a game of poker, is where gamesmanship collides with the facts and at its conclusion, all the bluffs are called and the cards lie face up.” Despite the ruling, the case can continue. According to the Times, a district judge must ratify Gorman’s decision. And Rupert Murdoch can challenge it. –Gene Maddaus contributed to this story

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1 2 Lucknow: Pushing for the use of technology in the agriculture sector, chief minister Yogi Adityanath on Monday said that UP, which has only 11% of the total land in the country but produces around 20% of the total food, can increase it threefold if technology is adopted. Speaking at ‘Krishika-From farming to prosperity', a programme organised by a private media house, the CM criticised the opposition for playing politics in the name of farmers, whereas the only real work for them was done by Prime Minister Narendra Modi. "The central and state govts are committed to ensuring that farmers achieve self-reliance and never have to depend on anyone. Key initiatives such as issuing soil health cards and launching schemes like the PM Fasal Bima Yojana and PM Krishi Sinchayee Yojana have significantly benefited the farming community," the CM said. Detailing work done for farmers in UP, the CM said that approximately 70% of the land is tied to the rural economy in the state. Of the 235 lakh hectare of land in the state, 161 lakh hectare are cultivated, with 86% of it being irrigated and extremely fertile. This allows UP farmers to achieve nearly double the food grain production compared to other states, he said. Among the state's recent achievements, the CM said that irrigation coverage was expanded and now has over 3,500 farmer producer organisations. The inauguration of the Arjun Sahayak project in Bundelkhand in 2021 transformed the region, and farmers who previously earned Rs 5,000 per bigha annually now report incomes of Rs 50,000 per bigha. Warehousing capacity has also been enhanced, and the sugarcane sector now boasts 120 operational sugar mills, 100 of which make payments to farmers within a week. "UP ranks first in sugarcane, sugar and ethanol production, while also contributing 25% of India's potato production and 30% of its maize output. The state's farmers have set records in the cultivation of paddy, wheat, pulses and oilseeds. These achievements, driven by the hard work of farmers and the ‘double-engine' govt's initiatives, have restored UP's pride as the food basket of the nation," the CM said. He added that UP was also a leader in cattle rearing, with over 12 lakh stray cows being cared for in govt shelters. Natural farming is being practised on over 1.15 lakh hectare in UP, particularly along the banks of the Ganga in 27 districts and all seven districts of Bundelkhand. Under the PM Kusum Yojana, the state provided solar panels to one lakh farmers. Electricity dues for private tube-wells of over 14 lakh farmers were waived, while loans worth Rs 36,000 crore for 86 lakh farmers were waived in 2017. Initiatives like the PM Kisan Samman Nidhi ensured direct financial support to 12 crore farmers nationwide, including 2.62 crore farmers in UP. The CM spoke about Shyam Bihari Gupta, chairman of the gau seva commission, who was promoting natural farming, which saves farmers Rs 12,000–15,000 per acre. If all 1.61 crore hectare of cultivated land in UP were converted to natural farming, the economic benefits would run into lakhs of crores of rupees, the CM said. The CM also gave examples of some successful farmers from UP, mentioning a farmer from Bijnor who earns an annual net profit of Rs 1 crore from just 10 acre of land. UP farmers have set a national benchmark by producing an extraordinary 860 quintal of sugarcane per acre. He also spoke about a farmer who cultivates peppermint, processes it, and has achieved export earnings of Rs 200 crore. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .

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Aston Villa’s impressive Champions League debut continued as they strengthened their chances of automatic qualification to the last 16 after a 3-2 win at RB Leipzig. Ross Barkley’s 85th-minute winner gave them victory after they had twice squandered the lead in Germany. John McGinn and Jhon Duran goals at the start of each half were cancelled out by Lois Openda and Christoph Baumgartner. But Barkley had the final say less than two minutes after coming off the bench as his deflected effort earned the points which sent his side third in the new Champions League league phase. The top eight automatically qualify for the next stage and with games against Monaco and Celtic to come, Unai Emery’s men are a good bet to avoid the need for a play-off round in their first foray in this competition. Leipzig are out, having lost all six of their games. Villa enjoyed a dream start and were ahead with less than three minutes on the clock. Matty Cash, playing in a more advanced position on the right, crossed for Ollie Watkins, who nodded down into the path of McGinn and the skipper made no mistake from close range. That gave the visitors confidence and they had enough chances in the first 15 minutes to have the game wrapped up. Lucas Digne’s cross from the left was begging to be converted but Watkins could not make contact from close range and then Morgan Rogers shot straight at Leipzig goalkeeper Peter Gulacsi. Then Youri Tielemans found himself with time and space on the edge of the area from Watkins’ tee-up but the Belgium international disappointingly dragged wide. All that good work was undone in the 27th minute, though, as Emiliano Martinez was left red-faced. The Argentinian was too casual waiting to collect Nicolas Seiwald’s long ball and Openda nipped in to get the ball first and tap into an empty net. — Aston Villa (@AVFCOfficial) Duran was introduced at the break and needed just a couple of minutes to fire a warning when he drilled wide after a loose ball fell to him 14 yards out. But the Colombian got his goal in the 52nd minute, though it was another moment for the goalkeeper to forget. Duran was invited to drive forward and unleashed a 25-yard shot, which was hardly an Exocet, but still was too much for Gulacsi, who barely even jumped. It was his 10th goal of the season and sixth from the bench as he continues his super-sub role. 😍 — Aston Villa (@AVFCOfficial) The striker was not complaining and he thought he had doubled his tally shortly after when he converted Cash’s centre but the provider was ruled offside by VAR. Five minutes later, Villa found themselves pegged back again with a finish of real quality. Openda was sent clear by another long ball and his cross was perfect for Baumgartner to cushion a far-post volley back across goal and into the corner. Digne brought a save out of Gulacsi and then Openda shot straight at Martinez as both sides pushed for a winner. It was Villa who got it as Barkley saw his deflected effort wrong-foot Gulacsi and hit the back of the net.A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official said Friday. Biden administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, the deputy national security adviser for cyber and emerging technologies, told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China's hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of “a limited number of individuals." Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are among those whose whose communications were accessed. Neuberger said officials did not yet have a precise sense how many Americans overall were affected by Salt Typhoon, in part because the Chinese were careful about their techniques, but a “large number" were in the Washington-Virginia area. Officials believe the goal of the hackers was to identify who owned the phones and, if they were “government targets of interest,” spy on their texts and phone calls, she said. The FBI said most of the people targeted by the hackers are "primarily involved in government or political activity.” Neuberger said the episode highlighted the need for required cybersecurity practices in the telecommunications industry, something the Federal Communications Commission is to take up at a meeting next month. “We know that voluntary cyber security practices are inadequate to protect against China, Russia and Iran hacking of our critical infrastructure,” she said. The Chinese government has denied responsibility for the hacking.

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Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia's $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

West Ham beat Wolves in tense Premier League match-upWASHINGTON (AP) — A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official said Friday. Biden administration officials said this month that at least eight telecommunications companies , as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, the deputy national security adviser for cyber and emerging technologies, told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China's hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of “a limited number of individuals." Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are among those whose whose communications were accessed. Neuberger said officials did not yet have a precise sense how many Americans overall were affected by Salt Typhoon, in part because the Chinese were careful about their techniques, but a “large number" were in the Washington-Virginia area. Officials believe the goal of the hackers was to identify who owned the phones and, if they were “government targets of interest,” spy on their texts and phone calls, she said. The FBI said most of the people targeted by the hackers are "primarily involved in government or political activity.” Neuberger said the episode highlighted the need for required cybersecurity practices in the telecommunications industry, something the Federal Communications Commission is to take up at a meeting next month. “We know that voluntary cyber security practices are inadequate to protect against China, Russia and Iran hacking of our critical infrastructure,” she said. READ: The Chinese government has denied responsibility for the hacking. Copyright 2024 The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.ATHEX: Ellaktor spurs Athens bourse with momentum

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