Chinese tea chain Chagee filed for a U.S. initial public offering to trade on Nasdaq as “CHA,” with plans to open its first U.S. store in Los Angeles. Founded in 2017, Chagee has over 6,400 teahouses in China, Malaysia, Singapore, and Thailand, generating $1.7 billion in revenue in 2024. Despite challenges faced by Chinese companies seeking U.S. listings, Chagee aims to expand globally and deliver 15 billion cups of tea annually.
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Shane Devon Tamura: A new law that could have led to the Manhattan shooter’s guns being confiscated went into effect a month before the rampage
A new Nevada law allows police to confiscate firearms from individuals placed on mental health crisis holds, aimed at preventing incidents like the recent shooting by Shane Devon Tamura, who had a history of psychiatric holds yet retained his gun rights. This law enables immediate action without a court ruling, contrasting with existing red flag laws requiring a court process, though it faces opposition from gun rights advocates. Want More Context? 🔎
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