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On April 20th, Huawei officially launched its first ultra-wide folding smartphone, the Huawei Pura X Max. The entire series is equipped with the Kirin 9030 Pro chip, HarmonyOS 6.1 operating system, and a Lingxi CPU paired with the Ark Memory Engine. Huawei claims this improves overall performance by 30%.Huawei Terminal: The number of terminal devices supporting HarmonyOS 6 has exceeded 55 million.A senior Iranian source said that Irans "defense capabilities," including its missile program, are not within the scope of negotiations.On April 20, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. On the afternoon of April 19, 36,000 people in Japan rallied around the Diet building to strongly protest the Takaichi Sanae governments attempt to amend the constitution. Protesters held signs reading "Oppose War," "Dont Violate Article 9 of the Constitution," and "Takaichi Resign," calling for the protection of the pacifist constitution. What is the spokespersons comment on this? Guo Jia-kun responded: "We have also noticed that Japans constitutional amendment movement has aroused increasing doubt and opposition within Japan, among its Asian neighbors, and in the international community." Guo Jia-kun pointed out that Japanese militarism committed atrocities against the people of China and other Asian countries, and also brought profound suffering to the Japanese people. Therefore, the issue of Japanese constitutional amendment concerns the post-war international order and Japans future, and has always received high attention from the international community and its Asian neighbors. However, Japan has so far failed to deeply and thoroughly reflect on its history of aggression, and some forces are even attempting to glorify and whitewash its crimes of aggression, pushing Japan to accelerate its "remilitarization," leading to the rise of a new type of militarism that threatens regional peace and stability. The international community should be highly vigilant about this. "Preventing the resurgence of militarism is Japans due obligation and the firm will of the international community, including China. We urge Japan to learn from history, abide by its international obligations, and adhere to the path of peaceful development," Guo Jiakun said.Iranian Foreign Ministry spokesman Bagaei: There are currently no plans for a second round of negotiations with the United States.

Cohen Acquires A Stake in Nordstrom And Seeks A Board Reorganization

Charlie Brooks

Feb 03, 2023 11:42

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People familiar with the situation said on Thursday that billionaire investor Ryan Cohen is amassing a substantial stake in Nordstrom Inc (NYSE:JWN) and aims to pressure the premium retailer to replace up its board as its performance has lagged behind rivals.


Cohen, who co-founded online pet retailer Chewy (NYSE:CHW) Inc and solidified his wealth with investments in gaming store GameStop (NYSE:GME) and Apple Inc (NASDAQ:AAPL), would like to replace at least one director on Nordstrom's 10-member board, according to people familiar with the matter.


Mark Tritton, who chairs the pay committee and has served as a director since 2020, appears to be the target of his criticism. Cohen has privately referred to Tritton, a former Bed Bath & Beyond (NASDAQ:BBBY) top executive, as "conflicted and unqualified," according to persons who were not authorized to discuss private conversations. This week, Reuters reported that Bed Bath & Beyond is ready to file for bankruptcy protection.


Thursday after-hours trading saw a 25% increase in the stock price as a result of Cohen's rumored connection with Nordstrom.


In the previous five years, Nordstrom shares have decreased by almost 55%, and ratings agency Fitch again downgraded the firm last month, citing its "weaker operating trajectory than most retailers."


While Cohen has not requested a meeting with us in several years, we are open to hearing his opinions, as we do with all Nordstrom shareholders, said a spokesman of the firm.


The Wall Street Journal was the first to report Cohen's Nordstrom interest.


Cohen is now one of the company's top five non-insider shareholders, alongside BlackRock (NYSE:BLK) and Fidelity, according to sources familiar with the matter.


Tritton was removed as CEO of Bed Bath & Beyond in June as part of a management shakeup, just a few months after Cohen had invested in the home goods company and lambasted it for an "overly ambitious" approach, overpaying executives, and failing to reverse market share losses.


Cohen has selected individuals with experience at retail and e-commerce companies as potential board replacements, sources say. Cohen desires to negotiate an agreement with the corporation without resorting to a proxy battle, according to the sources.


According to proxy documents, the deadline for publicly nominating Nordstrom board members is February 17.


Cohen, 37 years old and born in Canada, is estimated to be worth $2.5 billion. Two years ago, when he joined the board of GameStop, he caused a frenzy in the stock price that transformed the video retailer into a "meme stock" supported by retail investors.


The Nordstrom family founded Nordstrom, and insiders now hold approximately 30% of the company's shares, with brothers Erik and Peter serving as CEO and president, respectively. There are additional board positions. Cohen reportedly met with family members in Seattle, where the company's headquarters are located, and praised the company's customer service.


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