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Serena Williams talks about another side of domestic abuse



Does your partner use your credit card without telling you? Does your spouse block you from getting a job or going back to school?

Such actions may signal you are a victim of financial abuse, and tennis star Serena Williams wants you to know the signs.  

“It’s a weapon that keeps people trapped in abusive relationships,” Williams told USA TODAY, speaking of her role as ambassador for the Allstate Foundation’s Purple Purse program, which focuses on the issue. “One in four women will experience domestic violence, and this is to help woman and communities throughout  America find a way (out of) abuse through financial education and empowerment. That’s my big message.’’

Williams is starring in a public service announcement for the Purple Purse program called “Signs.” In the video, she walks through a maze as her voice over notes some of the behaviors that can signal financial abuse – like your partner wanting to review receipts for everything you buy or taking your paycheck, then spending it however they choose.

Such actions are present in 99% of domestic violence cases, according to Ellen Lisak, Purple Purse’s senior program officer.

“We think this is still an issue that needs a lot of education and a lot of awareness,” she says, adding that research conducted last year by the program found nearly half of Americans weren’t familiar with the issue of financial abuse and its warning signs.

“I think a lot of us, whether we admit it or not, know people in our lives who’ve been though domestic abuse,” says Williams. “I have a friend, a really, really close friend of mine who’d been involved in a really unfortunate situation… it’s difficult for them, but it’s also difficult for the people around you who love you and care about you.’’

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Williams says there are lessons that she wants to eventually pass along to her daughter, Alexis.

“One message I want to teach her is to always have the confidence to stay financially independent,’’ Williams says. “It’s okay to be stable on your own, and (say) ‘we can do a lot of things together as well.’ ’’

For those who are facing abuse, there are ways to seek help.

“If someone thinks they or someone they know is in an abusive situation they can always call the National Domestic Violence hotline for immediate help,” Lisak says. And “if you think someone you know is being abused…approach them without judgment or criticism. Let them know that you’re there for them.”

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Newsletter: Stripe, Amazon & the Fed



FE International Newsletter September 20, 2019: Stripe, Amazon & the Fed

Hello and welcome to the FE International newsletter bringing you most important updates in the world of online business. Following a week of announcements at Stripe Sessions, the SaaS payments leader has announced it is raising $250 million to continue its powerful growth trajectory. Stripe’s new valuation of $35 billion for this round of fundraising represents a 55% increase from where it was valued during its last fundraising round earlier this year.

This week, the e-commerce world is seeing Amazon test a new product feedback process by way of one-tap ratings. The new review feature is Amazon’s attempt to drive up the number of shoppers who leave useful reviews, as this is a driving force behind product sales for merchants on the platform. For now, a select group of Amazon customers will have access to the feature, which will be made available from a variety of places including “Your Orders” and “Write a Review.” While this is likely to encourage the number of positive reviews merchants see due to varying levels of motivation to write positive vs negative reviews, merchants should be attuned and respond to low-star reviews inquiring after why.

Our friend David Hauser, the founder of Grasshopper, just launched his first book Unstoppable: 4 Steps to Transform Your Life. If you’ve heard of Grasshopper, you know David has no problem reaching his business goals. But after years of diet and exercise, he couldn’t get a grip on his health goals — until he started applying business principles to his own body and mind. This book gives you the framework he used to succeed. To celebrate the launch, follow the link on the FE blog to grab a copy for under $1 until Monday.

Finally, international news saw French President Macron commit a €5 Billion Investment from insurers and asset managers in French technology startups. The funding comes from c.40 venture capital firms and funds in the country, with the goal of creating 25 or more €1 billion French technology companies by 2025. Recent tax cuts had not proven effective enough to help burgeoning startups, which brought about this new initiative which, according to Macron, is intended to “create [France’s] champions.”

New in FE exclusive App listings this week we have a Wellness and Improvement App Portfolio listed at the $288,000 price point. This diverse portfolio of c.140 mobile apps has garnered millions of lifetime users due to its effectiveness and popularity. With over 2.7 million lifetime downloads and an incredibly high product rating of 4.7 stars, this business has seen steady revenue growth of around 187.5% compound annual growth rate over the 2015 to 2018 period. Please follow the link above to request a prospectus.

In events news, we are pleased to present the first in a series of “HOW TO” online business meetups, How to Build an 8-Figure Technology Business panel event! Join CEO Ismael Wrixen, Founder Thomas Smale and the FE team to hear from expert panelists who have built successful technology businesses and are ready to share their proven skills. Ticket Tailor Founder Jonny White and SaaStock Founder and CEO Alex Theuma, among others, speak on the panel before we open the floor for no-pitch networking with the fellow founders, entrepreneurs and investors in attendance. Doors open at 6pm, so make sure to head over to the Technology Entrepreneur Meetup page hosted by FE International to RSVP!

Thanks for tuning into this week’s top stories. For more updates throughout the week you can follow us on Facebook, Twitter, LinkedIn and Instagram. Make sure to subscribe to our YouTube channel so you never miss an update! From all of us at FE, we’ll see you next week.


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Tamyra Mensah-Stock dominates to win first wrestling world title | NBC Sports



American Tamyra Mensah-Stock knocks off Anna Fransson of Sweden and has a victory lap for the ages to celebrate becoming a world champion #NBCSports #TamyraMensahStock

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Tamyra Mensah-Stock dominates en route to first wrestling world title | NBC Sports


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ICICI Securities: Maintain ‘hold’ on Lupin, revised target price Rs 732




ICICI, Lupin, market, market news, USFDA, ProAir, EBITDA, Lupin share, Lupin ltdMandideep was inspected in Dec’18 and a total of 22 observations were issued across three units

Lupin has announced that the USFDA has issued a warning letter for its Mandideep (unit-I) facility in Madhya Pradesh. This plant manufactures cephalosporin API and formulations. The warning letter follows an inspection of the plant in Dec’18 and its classification as OAI (official action indicated) in Mar’19. Further, Lupin has recently received CRL (complete response letter) for ProAir, which could delay the launch further to Q2FY21.

Mandideep was inspected in Dec’18 and a total of 22 observations were issued across three units. Later, Unit-I was classified as OAI and has now received the warning letter. We expect it to take more than a year for the issue to get resolved considering the history of warning letter resolutions.

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ProAir approval likely to be further delayed: Lupin has received CRL for ProAir, which may delay the approval further to Q2FY21 vs earlier expectation of Q4FY20. The USFDA has not approved any generic of this inhalation product and there are two more companies working on it. Lupin is likely to be the first generic company to get approval; however, continual delay would impact the opportunity value. We reduce our revenue estimate for this product to US$36mn in FY22E vs our earlier expectation of the same happening in FY21.

Outlook: We expect revenue/ EBITDA/ PAT CAGRs of 8.9/12.9/32.8% respectively over FY19-FY22E. Strong earnings growth is expected to be driven by 200bps EBITDA margin expansion with improving revenue mix (higher US sales from limited-competition products) and cost reduction measures via R&D rationalisation.

Valuations and risks: We cut our EPS estimates by 3-4% and maintain our ‘hold’ rating on the stock with a revised target price of Rs 732/share based on 20x FY21E EPS (earlier: Rs 758).

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