Tag Archives: caution

“From Peak TV To Peak Caution”: BBC Drama Boss Says Industry Has Become “Fearful” – Deadline

  1. “From Peak TV To Peak Caution”: BBC Drama Boss Says Industry Has Become “Fearful” Deadline
  2. BBC Unveils Mega 12-Show Drama Slate Featuring ‘Dear England’ Adaptation Starring Joseph Fiennes, Aimee Lou Wood’s Debut Writing Project & Rebecca Hall-Led Series From Element Deadline
  3. Director of BBC Drama Lindsay Salt sets out her vision and announces 12 new dramas totalling 66 hours BBC
  4. Joseph Fiennes to Star in TV Adaptation of Football Play ‘Dear England’ as BBC Unveil Slew of New Dramas Variety
  5. BBC announces TWELVE new dramas as broadcaster ‘takes risks and pushes boundaries’ with TV shake-up Daily Mail

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State Department advises all Americans overseas ‘to exercise increased caution’ in worldwide alert – CNN

  1. State Department advises all Americans overseas ‘to exercise increased caution’ in worldwide alert CNN
  2. U.S. State Department issues ‘worldwide caution’ alert as tensions in the Middle East soar CNBC
  3. State Department Urges Americans to Stay Alert at Tourist Destinations Worldwide The Wall Street Journal
  4. Travel alert: US State Department issues travel advisory for all Americans overseas in worldwide alert amid ‘increased tensions’ KABC-TV
  5. Travelers should be on alert for potential violent protests and terror attacks, State Department warns Arizona’s Family

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CEOs Of Chip Companies Call On US To Assess Impact Of China Restrictions And Exercise Caution – NVIDIA (N – Benzinga

  1. CEOs Of Chip Companies Call On US To Assess Impact Of China Restrictions And Exercise Caution – NVIDIA (N Benzinga
  2. Chip CEOs urge US to mull effects of curbs on China 台北時報
  3. Chip CEOs urge US government to study impact of China curbs, take pause before further regulations Economic Times
  4. US-China chip war intensifies amid calls for `small yard, high fence` approach to contain Beijing WION
  5. CEO says Intel may build ‘less factories’ if US expands China chip curbs South China Morning Post
  6. View Full Coverage on Google News

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Stock futures fall as caution saps momentum: Stock market news today – Yahoo Finance

  1. Stock futures fall as caution saps momentum: Stock market news today Yahoo Finance
  2. Stock Market Today: Dow Futures Fall as China Cuts Borrowing Rates The Wall Street Journal
  3. Stocks Lower On China Rate Cut, Week Ahead Housing Focus, Alibaba CEO Shake-Up, Intel Ramp, FedEx Earnings – 5 Things To Know TheStreet
  4. FedEx, Avis and PayPal rise premarket; Palantir falls By Investing.com Investing.com
  5. Dow Jones Futures Fall Ahead Of Key Housing Data; Alibaba Slides As CEO Steps Down | Investor’s Business Daily Investor’s Business Daily
  6. View Full Coverage on Google News

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Downtown Davenport apartment building, ‘The Executive Square Building’ evacuated due to structural concern in ‘abundance of caution’, city officials say – KWQC

  1. Downtown Davenport apartment building, ‘The Executive Square Building’ evacuated due to structural concern in ‘abundance of caution’, city officials say KWQC
  2. Woman trapped in Iowa building collapse describes her fight for survival before rescuers were forced to amputate her leg CNN
  3. Quad Cities River Bandits helping those displaced after building collapse WQAD News 8
  4. Iowa Task Force One returns from responding to Davenport building collapse KCRG
  5. ‘There needs to be a lot of reform.’ Residents speak out at tense Davenport meeting KCAU 9

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CEOs act with caution at this year’s global gathering

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Tuesday, January 24, 2023

Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with the Yahoo Finance App.

One of the regular charges leveled at participants of the World Economic Forum in Davos is they talk a big game on climate change… then fly to Zurich on private jets.

The WEF has said it offsets all of that travel by buying carbon credits. Some CEOs have responded by flying commercial, which has a lower carbon footprint.

But the executives and world leaders we spoke to last week did seem increasingly aware of how they’re perceived outside of their bubble in the Swiss Alps, and are making some attempts to address those perceptions.

As my colleague Brian Sozzi wrote in yesterday’s Morning Brief, those attending the World Economic Forum didn’t pay Elon Musk much mind, even though Musk again took shots at the annual gathering.

Ignoring the antagonistic billionaire, however, doesn’t mean the proceedings in Davos haven’t taken on a new air of self-awareness about this annual gathering of the global elite.

“It’s something that people are very conscious of now and becoming more so,” S&P Global CEO Doug Peterson told us in Davos. Peterson said he flies commercial for international travel. The Yahoo Finance team shared a commercial flight with another top U.S. CEO on the way back to the States this weekend.

A view of the Zurich Kloten Airport upon the arrival of the private and VIP planes of the participants within the World Economic Forum (WEF) annual meeting held in Davos, in Zurich, Switzerland on January 17, 2023. (Photo by Michele Crameri/Anadolu Agency via Getty Images)

But it’s not just internet trolls or climate activists like Greta Thunberg whose voices have risen to the altitude where CEOs reside. Executives told Yahoo Finance are hearing from their home communities and employees they expect corporations to be good partners.

“We live in a world today where our employees want to know us as humans,” Cisco CEO Chuck Robbins said. “Our employees really care about culture. They care about your purpose. In fact, if you look at some of the latest surveys, employees will tell you that salary’s not number one anymore.”

Tech executives, in particular, are acutely aware of the optics of throwing lavish Davos parties while cutting spending at home. Cloudflare CEO Matthew Prince decided to tone it down this year, opting not to hold the company’s typical hot-ticket party. (Cloudflare did still sponsor a popular piano bar.)

“It just didn’t seem like the right year to be celebrating,” Prince said. “When we see a lot of companies laying people off, when we see people in the tech industry really struggling, the idea of flying in a big performer, spending a ton of money on a lavish party, didn’t make a bunch of sense.”

Prince seemed to be throwing shade at Microsoft, which reportedly hosted Sting and 50 attendees at a party early in the week before news broke the company was laying off 10,000 people.

Salesforce also held a party whose coveted invites were hard to come by, and which featured a performance by The Pretenders’ frontwoman Chrissie Hynde.

But this party was sandwiched between layoff news earlier this month and the revelation Monday that activists Elliott Management and Jeff Ubben’s Inclusive Capital had taken stakes in the software giant. Investors, too, have noticed the disconnect. And perhaps sense an opening.

These sorts of parties — some of them with putative themes like sustainability — are designed to illustrate that Davos is not a sinister meeting of a dark cabal of global executives, political leaders, and non-governmental organizations, but is a chance for high-flyers to get a lot of facetime with their counterparts in a concentrated period.

This year’s conference also showed, to sometimes awkward effect, that CEOs are trying to straddle a tricky line between business and philanthropy, one challenge of so-called stakeholder capitalism.

BlackRock CEO Larry Fink, who has pushed his enormous money management firm further into ESG investing, has been attacked by activists on both sides for going too far and not going far enough.

“The attacks are now personal,” Fink said during a panel last week.

What does all this Davos self-awareness and sensitivity mean for investors?

Likely more caution and guardedness from companies and their leaders.

With the global economy slowing — and there was lively debate among Davos execs about just how much — expect a bit more tact from Corporate America 2023. And not just on their balance sheets, but managing their public images, too.

What to Watch Today

Economy

  • 8:30 a.m. ET: Philadelphia Fed Non-Manufacturing Activity, January (-17 during prior month, revised to -12.8)

  • 9:45 a.m. ET: S&P Global U.S. Manufacturing PMI, January Preliminary (46.0 expected, 46.2 during prior month)

  • 9:45 a.m. ET: S&P Global U.S. Services PMI, January Preliminary (45.3 expected, 44.7 during prior month)

  • 9:45 a.m. ET: S&P Global U.S. Composite PMI, January Preliminary (46.4 expected, 45.0 during prior month)

  • 10:00 a.m. ET: Richmond Fed Manufacturing Index, January (-5 expected, 1 during prior month)

  • 10:00 a.m. ET: Richmond Fed Business Conditions, January (-14 during prior month)

Earnings

  • Microsoft Corporation (MSFT), 3M (MMM), Johnson & Johnson (JNJ), Hasbro (HAS), Halliburton (HAL), Lockheed Martin (LMT), Verizon Communications (VZ), Lockheed Martin (LMT), General Electric (GE), The Travelers Companies (TRV), Capital One Financial (COF), Texas Instruments (TXN)

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German caution on Ukraine arms rooted in political culture

BERLIN (AP) — Germany has become one of Ukraine’s leading weapons suppliers in the 11 months since Russia’s invasion, but Chancellor Olaf Scholz also has gained a reputation for hesitating to take each new step — generating impatience among allies.

Berlin’s perceived foot-dragging, most recently on the Leopard 2 battle tanks that Kyiv has long sought, is rooted at least partly in a post-World War II political culture of military caution, along with present-day worries about a possible escalation in the war.

On Friday, Germany inched closer to a decision to deliver the tanks, ordering a review of its Leopard stocks in preparation for a possible green light.

There was still no commitment, however. Defense Minister Boris Pistorius rejected the suggestion that Germany was standing in the way but said, “we have to balance all the pros and contras before we decide things like that, just like that.”

It’s a pattern that has been repeated over the months as Scholz first held off pledging new, heavier equipment, then eventually agreed to do so.

Most recently, Germany said in early January that it would send 40 Marder armored personnel carriers to Ukraine — doing so in a joint announcement with the U.S., which pledged 50 Bradley armored vehicles.

That decision followed months of calls for Berlin to send the Marder and stoked pressure for it to move up another step to the Leopard tank.

“There is a discrepancy between the actual size of the commitment and weapons deliveries — it’s the second-largest European supplier — and the hesitancy with which it is done,” said Thomas Kleine-Brockhoff, a Berlin-based senior analyst with the German Marshall Fund of the United States think tank.

Scholz, an unshakably self-confident politician with a stubborn streak and little taste for bowing to public calls for action, has stuck resolutely to his approach. He has said that Germany won’t go it alone on weapons decisions and pointed to the need to avoid NATO becoming a direct party to the war with Russia.

As pressure mounted last week, he declared that he wouldn’t be rushed into important security decisions by “excited comments.” And he insisted that a majority in Germany supports his government’s “calm, well-considered and careful” decision-making.

Speaking at the World Economic Forum in Davos, Switzerland, on Wednesday, Scholz listed some of the equipment Germany has sent to Ukraine, declaring that it marks “a profound turning point in German foreign and security policy.”

That is, at least to some extent, true. Germany refused to provide lethal weapons before the invasion started, reflecting a political culture rooted in part in the memory of Germany’s own history of aggression during the 20th century — including the Nazi invasion of the Soviet Union.

“No German chancellor, of no party, wants to be seen out front in pushing a military agenda — you want to try all other options before you resort to that,” Kleine-Brockhoff said. “And therefore for domestic consumption, it is seen as a positive thing for a German chancellor not to lead on this, to be cautious, to be resistant, to have tried all other options.”

Scholz does face calls from Germany’s center-right opposition and some in his three-party governing coalition to be more proactive on military aid; less so from his own center-left Social Democratic Party, which for decades was steeped in the legacy of Cold War rapprochement pursued by predecessor Willy Brandt in the early 1970s.

Scholz “decided early on that he does not want to lead militarily on Ukraine assistance,” Kleine-Brockhoff said, though “he wants to be a good ally and part of the alliance and in the middle of the pack.”

But the cautious approach “drives allies crazy” and raises questions over whether they can count on the Germans, Kleine-Brockhoff acknowledged.

Berlin kept up its caution on the Leopard tank even after Britain announced last week that it would provide Ukraine its own Challenger 2 tanks.

The hesitancy isn’t just an issue between Berlin and Kyiv, since other countries would need Germany’s permission to send their own stocks of German-made Leopards to Ukraine. On Wednesday, Polish Prime Minister Mateusz Morawiecki said Warsaw would consider giving its tanks even without Berlin’s permission.

“Consent is of secondary importance here. We will either obtain it quickly, or we will do the right thing ourselves,” Morawiecki said.

British historian Timothy Garton Ash wrote in The Guardian and other newspapers this week that “to its credit, the German government’s position on military support for Ukraine has moved a very long way since the eve of the Russian invasion.”

But he argued that the tank issue has become “a litmus test of Germany’s courage to resist (Russian President Vladimir) Putin’s nuclear blackmail, overcome its own domestic cocktail of fears and doubts, and defend a free and sovereign Ukraine,” and that Scholz should lead a “European Leopard plan.”

Whether that will eventually happen remains to be seen. Scholz’s government has insisted on close coordination with the United States, a possible reflection in part of the fact that Germany — unlike Britain and France — relies on the U.S. nuclear deterrent.

On Friday, Scholz’s spokesman, Steffen Hebestreit, denied reports that Germany had insisted it would only deliver Leopard tanks if the U.S. sends its own Abrams tanks. He rejected the notion that Berlin is trailing others and insisted it is taking the right approach.

“These are not easy decisions, and they need to be well-weighed,” he said. “And this is about them being sustainable, that all can go along with them and stand behind them — and part of a leadership performance is keeping an alliance together.”

___

Follow AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine

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European Stocks Rise as US Futures Signal Caution: Markets Wrap

(Bloomberg) — A gauge of global equities was little changed after its best start to a year in a generation as investors assessed whether the rally has gone too far given the outlook for inflation, growth and earnings. European stocks rose.

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The MSCI ACWI Index slipped for the first time in seven days after posting the biggest advance for the first two weeks in data going back to 1988. Futures on the S&P 500 and Nasdaq 100 indexes fell at least 0.2% each. The dollar snapped a three-day losing streak. US spot markets were closed for a holiday. Bond yields across Europe climbed.

While inflation in the US appears to have peaked, aggressive policy tightening by the Federal Reserve and other central banks risks pushing the global economy into a recession that could hurt corporate profits. The World Bank last week added to the gloomy outlook, warning of “one of the sharpest slowdowns we have seen in the past five decades.”

“The fear of missing out currently represents a key driver for equities,” Credit Agricole CIB strategists led by Jean-François Paren wrote in a note. “The market is getting a bit ahead of itself right now.”

Earnings will be a key catalyst moving forward as traders assess whether companies were able to navigate headwinds including higher interest rates. The busy week will also be punctuated by corporate earnings, including Wall Street heavyweights Goldman Sachs Group Inc. and Morgan Stanley.

A host of Fed officials will be speaking this week, providing more clues for investors. The World Economic Forum’s annual meeting kicks off in Davos, Switzerland, with speakers there including European Central Bank President Christine Lagarde and the International Monetary Fund’s Kristalina Georgieva.

Meanwhile, Japanese markets continued to be driven by speculation of a shift in monetary policy, with the Topix index trading lower as the yen’s rebound weighed on exporters.

Investors are on guard for another surprise from the Bank of Japan when it sets policy on Wednesday. The yen strengthened to levels last seen in May and Japan’s benchmark 10-year bond yield pushed above the top of the BOJ’s ceiling for a second day.

Bitcoin slipped below $21,000 following a rebound over the weekend, when it surged amid optimism that it may have bottomed.

Elsewhere in markets, iron ore tumbled after China pledged to tighten supervision on pricing after the metal’s surge in recent months. Oil and gold fell.

Key events this week:

  • Earnings this week are scheduled to include: Charles Schwab, Discover Financial, Goldman Sachs, HDFC Bank, Interactive Brokers, Investor AB, Morgan Stanley, Netflix, Procter & Gamble, Prologis, State Street

  • World Economic Forum’s kicks off in Davos, Monday

  • US markets closed for Martin Luther King Jr. Day, Monday

  • China retail sales, industrial production, GDP, Tuesday

  • US Empire State manufacturing survey, Tuesday

  • Fed’s John Williams to speak, Tuesday

  • Eurozone CPI, Wednesday

  • US retail sales, PPI, industrial production, business inventories, MBA mortgage applications, cross-border investment, Wednesday

  • Bank of Japan rate decision, Wednesday

  • Federal Reserve releases Beige Book, Wednesday

  • Fed speakers include Raphael Bostic, Lorie Logan and Patrick Harker, Wednesday

  • US housing starts, initial jobless claims, Philadelphia Fed index, Thursday

  • ECB account of its December policy meeting and President Christine Lagarde on a panel in Davos, Thursday

  • Fed speakers include Susan Collins and John Williams, Thursday

  • Japan CPI, Friday

  • China loan prime rates, Friday

  • US existing home sales, Friday

  • IMF’s Kristalina Georgieva and ECB’s Lagarde speak in Davos, Friday

Some of the main moves in markets:

Stocks

  • The Stoxx Europe 600 rose 0.3% as of 11:47 a.m. London time

  • Nasdaq 100 futures fell 0.3%

  • S&P 500 futures dropped 0.2%

  • Futures on the Dow Jones Industrial Average slipped less than 0.1%

  • The MSCI Asia Pacific Index fell 0.2%

  • The MSCI Emerging Markets Index rose 0.1%

Currencies

  • The Bloomberg Dollar Spot Index rose 0.1%

  • The euro was unchanged at $1.0830

  • The Japanese yen fell 0.3% to 128.24 per dollar

  • The offshore yuan fell 0.4% to 6.7430 per dollar

  • The British pound fell 0.1% to $1.2211

Cryptocurrencies

  • Bitcoin fell 0.3% to $20,837.78

  • Ether fell 0.5% to $1,544.76

Bonds

  • The yield on 10-year Treasuries was little changed at 3.50%

  • Germany’s 10-year yield advanced two basis points to 2.18%

  • Britain’s 10-year yield advanced three basis points to 3.40%

Commodities

This story was produced with the assistance of Bloomberg Automation.

–With assistance from Tassia Sipahutar and Richard Henderson.

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©2023 Bloomberg L.P.

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Ozempic warning: Doctors urge caution for those using diabetes drug for weight loss

Some doctors are warning against using a drug intended to treat Type 2 diabetes for weight loss after some patients said it helped them shed a few pounds.

Approved by the FDA in 2017, the diabetes treatment sold under the name Ozempic helps lower blood sugar, but many patients prescribed the medication reported weight loss as a positive side effect, according to Fox 35 Orlando.

People without diabetes became interested in using the medication for weight loss after news of its perceived benefits made the rounds on social media platform TikTok.

“You definitely decrease your appetite, and you feel full pretty much all the time, and you don’t really crave sugar because you don’t get the sugar high or sugar low,” Sports Orthopedic Surgeon Dr. Richard Lehman told Fox 35.

OZEMPIC DIABETES DRUG IS TRENDING AS A WEIGHT-LOSS METHOD — HERE’S WHY AND WHAT DOCTORS SAY

Man prepares the Semaglutide Ozempic injection, which is intended to control blood sugar levels.
(iStock)

In 2021, the drug was approved by the FDA under the name Wegovy to help eligible patients dealing with obesity to lose weight. Those seeking treatment had to have a BMI over 27 with at least one weight-related condition or people with a BMI over 30.

According to the FDA, the largest clinical trial showed people taking Wegovy lost an average of nearly 13% of their initial body weight. 

The FDA’s findings have led people wanting a quick way to drop a few pounds to find doctors willing to prescribe the drug “off label,” which means to use for a condition other than for which it has been approved.

“It’s as close to the magic weight loss as we have right now,” Lehman said, who has prescribed the drug to his athletes to help them drop a few pounds.”These athletes, in 7 to 10 days, started to lose weight. You can’t just eat as much as you want and not exercise. You have to follow the regimen.”

Doctors caution that the benefits can be short-lived, especially if the patient has an unhealthy diet, lack of exercise or health education.

“They’re given something, and they’re promised that this will work. And sometimes it will because they believe it will. But what’s going to happen after that fact? You cannot be on a drug for the rest of your life,” said Jeremy Avner, co-owner of Nuvia Medical Weight Loss Clinic in Lake Mary, Florida. 

Avner’s clinic prescribes the drug to some of its patients.

Man sticking himself with the Semaglutide Ozempic injection, a treatment for Type 2 Diabetes that is now also being used for weight loss.
(iStock)

PEOPLE ARE LOSING WEIGHT FOR THE HEALTH BENEFITS, NOT FOR PHYSICAL APPEARANCE: MAYO CLINIC SURVEY

One patient, who remained anonymous, told Fox 35 she receives an injection once a week and has lost 20 pounds in eight weeks. She said she has never tried anything as effective.

“I have to buy new clothes and everybody at work is coming up to me and telling me how great I look,” she told the outlet.

Dr. Ben Kaplan, a primary care physician at Orlando Health who treats patients with diabetes and obesity, said the drug is intended to help high-risk patients with weight loss. He emphasized it is not for people outside that group looking to shed pounds here and there. 

“Patients who are taking these medications off-label, for the wrong use, for let’s say recreational purposes essentially, they’re doing it at their own risk,” Kaplan said, calling it a “buyer beware type scenario.”

Other side effects include pancreatitis, gastro-intestinal issues, and gall bladder issues, among others.

FILE -A woman stands on a scale in a room.
(iStock)

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“I’m definitely more of a proponent in patients who want to lose weight to sit down with a dietitian, an exercise physiologist, do things the right way. And then if they fail that initial therapy, then you can have a discussion about medication help with weight loss,” Kaplan said.

The injection, if received once or twice a week, could cost between $500 and $700 per visit, according to Lehman. 

Ultimately, the price will vary from clinic to clinic. Insurance might be able to cut off the cost for those who qualify for the medication.

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Betting sites urge caution after accounts accessed, funds withdrawn

Online sports betting operators on Monday were encouraging customers to take steps to protect their accounts after multiple companies saw fraudulent activity in recent weeks.

DraftKings said Monday that a “small number” of betting accounts were accessed by unauthorized users, leading to approximately $300,000 in customer funds being withdrawn in an attack the company believes was caused by login information being stolen from third-party sites.

Sports betting media site The Action Network reported that at least one customer was locked out of their DraftKings account Sunday and had money withdrawn from the bank account that was used to make deposits with the sportsbook.

“DraftKings is aware that some customers are experiencing irregular activity with their accounts. We currently believe that the login information of these customers was compromised on other websites and then used to access their DraftKings accounts where they used the same login information,” Paul Liberman, DraftKings co-founder, said in a statement. “We have seen no evidence that DraftKings’ systems were breached to obtain this information. We have identified less than $300,000 of customer funds that were affected, and we intend to make whole any customer that was impacted.

“We strongly encourage customers to use unique passwords for DraftKings and all other sites, and we strongly recommend that customers do not share their passwords with anyone, including third party sites for the purposes of tracking betting information on DraftKings and other betting apps.”

Ryan Butler, a journalist who covers the game industry, wrote on Twitter on Monday that his DraftKings account was hacked and that FanDuel emailed him that there was an attempt to gain access to his FanDuel account.

FanDuel reported increased activity from unauthorized actors attempting to gain access to accounts, but “thus far customers have not been impacted,” a company spokesperson said Monday afternoon. Caesars Sportsbook also said Monday that it had not been impacted.

The unauthorized access at DraftKings came just weeks after multiple professional poker players reported having unauthorized betting accounts being set up in their names with BetMGM and used to withdraw money from personal checking accounts. Todd Witteles, a well-known poker pro from California, said someone set up a sports betting account with his name in late October in West Virginia, deposited $10,000 out of his checking account to the sports betting account and withdrew $7,500 to a Venmo debit card on the same day. Witteles estimates upward of 50 poker players experienced a similar issue at BetMGM that mostly occurred in late October and early November. BetMGM said it is actively investigating the situation.

“The security of our patrons’ accounts is of the utmost importance to us,” a BetMGM spokesperson said in a statement to ESPN on Friday. “We encourage any impacted patrons to contact our customer service department directly.”

It is not known whether the incidents at DraftKings and BetMGM are connected.

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