AFP

Basquiat owned by Japan's Maezawa sells for $85 mn

Jean-Michel Basquiat’s “Untitled” 1982 sold for $85 million at auction in New York Wednesday, well above its pre-sale estimate and netting Japanese billionaire space tourist Yusaku Maezawa a tidy profit.

Phillips auction house sold the 16-foot-wide painting on behalf of Maezawa, who purchased it in 2016 for $57.3 million.

The auctioneers had tipped it to go for around $70 million.

Phillips announced in a statement in March that it would put the artwork under the hammer.

Maezawa, the mega-rich founder of Japan’s largest online fashion mall, said in the statement that the past six years of owning the painting were “a great pleasure.”

But art “should be shared so that it can be a part of everyone’s lives,” he added.

Ahead of its sale, the massive artwork went on an international tour, being displayed in London, Los Angeles and Taipei.

Maezawa, who in 2017 set a new auction record for Basquiat works when he paid $110.5 million for another painting by the 20th century giant, has said he plans to create a new museum to exhibit his collection.

He founded the Contemporary Art Foundation in Tokyo and was on the 2017 list of “Top 200 Collectors” by the ARTnews magazine based in New York.

He has been in the headlines more recently for becoming the first space tourist to travel to the International Space Station with Russia’s space agency.

His odyssey is believed to have cost around 10 billion yen ($87 million), and he plans to follow it up with a trip around the Moon organized by Elon Musk’s SpaceX.

UN urges Ukraine grain release, World Bank pledges extra $12 bn

The UN warned Wednesday that a growing global food crisis could last years if it goes unchecked, as the World Bank announced an additional $12 billion in funding to mitigate its “devastating effects.”

Food insecurity is soaring due to warming temperatures, the coronavirus pandemic and Russia’s invasion of Ukraine, which has led to critical shortages of grains and fertilizer.

At a major United Nations meeting in New York on global food security, Secretary-General Antonio Guterres said the war “threatens to tip tens of millions of people over the edge into food insecurity.”

He said what could follow would be “malnutrition, mass hunger and famine, in a crisis that could last for years,” as he and others urged Russia to release Ukrainian grain exports.

Russia and Ukraine alone produce 30 percent of the global wheat supply.

Moscow’s invasion of Ukraine and international economic sanctions on Russia have disrupted supplies of fertilizer, wheat and other commodities from both countries, pushing up prices for food and fuel, especially in developing nations.

Before the invasion in February, Ukraine was seen as the world’s bread basket, exporting 4.5 million tonnes of agricultural produce per month through its ports — 12 percent of the planet’s wheat, 15 percent of its corn and half of its sunflower oil.

But with the ports of Odessa, Chornomorsk and others cut off from the world by Russian warships, the supply can only travel on congested land routes that are far less efficient.

“Let’s be clear: there is no effective solution to the food crisis without reintegrating Ukraine’s food production,” Guterres said.

“Russia must permit the safe and secure export of grain stored in Ukrainian ports.”

US Secretary of State Antony Blinken, who chaired the summit, and World Food Programme head David Beasley echoed the call.

“The world is on fire. We have solutions. We need to act and we need to act now,” implored Beasley.

Russia is the world’s top supplier of key fertilizers and gas.

The fertilizers are not subject to the Western sanctions, but sales have been disrupted by measures taken against the Russian financial system while Moscow has also restricted exports, diplomats say.

Guterres also said Russian food and fertilizers “must have full and unrestricted access to world markets.”

– Ukraine only ‘latest shock’ –

Food insecurity had begun to spike even before Moscow, which was not invited to Wednesday’s UN meet, invaded its neighbor on February 24.

In just two years, the number of severely food insecure people has doubled — from 135 million pre-pandemic to 276 million today, according to the UN.

More than half a million people are living in famine conditions, an increase of more than 500 percent since 2016, the world body says.

The World Bank’s announcement will bring total available funding for projects over the next 15 months to $30 billion.

The new funding will help boost food and fertilizer production, facilitate greater trade and support vulnerable households and producers, the World Bank said.

The bank previously announced $18.7 billion in funding for projects linked to “food and nutrition security issues” for Africa and the Middle East, Eastern Europe and Central Asia, and South Asia.

Washington welcomed the decision, which is part of a joint action plan by multilateral lenders and regional development banks to address the food crisis.

The Treasury Department described Russia’s war as “the latest global shock that is exacerbating the sharp increase in both acute and chronic food insecurity in recent years” as it applauded institutions for working swiftly to address the issues.

India over the weekend banned wheat exports, which sent prices for the grain soaring.

The ban was announced Saturday in the face of falling production caused primarily by an extreme heatwave.

“Countries should make concerted efforts to increase the supply of energy and fertilizer, help farmers increase plantings and crop yields, and remove policies that block exports and imports, divert food to biofuel, or encourage unnecessary storage,” said World Bank President David Malpass.

Fact Check: Pediatricians say homemade baby formula unsafe

Social media posts are urging parents who face baby formula shortages to make it themselves. But pediatricians told AFP they do not advise patients to use homemade formula, warning it may lack vitamins and nutrients key to helping infants grow and thrive.

One formula recipe, said to be from 1960, has been shared on Facebook hundreds of thousands of times, urging parents to mix evaporated milk, water and Karo corn syrup.

Parents in the United States say purchasing restrictions and price gouging have left them increasingly desperate to get their hands on the food required for infants who are not breastfed. But the American Academy of Pediatrics (AAP) cautions against formula made at home.

Tanya Altmann, author of several parenting books and founder of Calabasas Pediatrics in California, agreed.

“I advise my patients not to make homemade infant formula,” she told AFP. “It won’t meet your baby’s essential nutritional needs, can be very dangerous to their growth and development and can even make your baby sick.”

Looking at the recipe circulating online, Altmann said the added sugar would not be safe or healthy for infants.

“Karo syrup was once used to help ease constipation, but it is not advised as it’s not effective and can even contain harmful bacteria,” she said.

Azza Ahmed, an associate professor of nursing at Purdue University, said homemade formula can put a baby at risk of “contamination and infection.”

And although parents are feeling stressed by shortages, formula should never be watered down, as this can quickly lead to an imbalance of nutrition, she added.

Social media posts prompted by shortages also claim orange juice mixed with water can be introduced at three weeks of age.

But the Academy of Breastfeeding Medicine warned against juice and other formula substitutes.

“Do not give your baby under six months of age any water, tea, or juice,” it said.

Other Facebook posts are recommending that parents substitute goat’s milk for formula. 

But goat milk lacks nutrients necessary for human babies, according to Gabrina Dixon from Children’s National Hospital in Washington, DC. She pointed to its lack of folate and vitamin B12 — which is necessary to stave off anemia, or a low red blood cell count.

Experts told AFP that concerned parents should consult their pediatricians about feeding options, but urged more open attitudes about switching formula brands or using generic products, especially for children who have not shown signs of sensitivity to ingredients.

Johnny Depp grabbed Amber Heard by hair, hit her repeatedly: sister

Johnny Depp grabbed his then-wife Amber Heard by the hair and repeatedly struck her in the face during a heated argument about a month after their marriage, her sister said Wednesday.

Heard also punched Depp during the March 2015 fight at their Los Angeles penthouse, Whitney Henriquez testified at the high-profile defamation case between the celebrity couple.

Henriquez, Heard’s 34-year-old younger sister, said the “Pirates of the Caribbean” star sought to have her sign a non-disclosure agreement after the incident, but she declined to do so.

The 58-year-old Depp filed suit against Heard over an op-ed she wrote for The Washington Post in December 2018 in which she described herself as a “public figure representing domestic abuse.”

Heard, who had a starring role in “Aquaman,” did not name Depp in the op-ed, but he sued her for implying he was a domestic abuser and is seeking $50 million in damages.

The Texas-born Heard countersued, asking for $100 million and claiming she suffered “rampant physical violence and abuse” at his hands.

Depp, during his four days on the witness stand, denied ever striking Heard and claimed that she was the one who was frequently violent.

Henriquez testified on behalf of her sister on Wednesday — day 18 of the trial being heard by a seven-person jury in Virginia.

Henriquez, who lived for a time in the same penthouse complex as Depp and Heard, said the couple had a volatile relationship.

“When he was sober things were wonderful,” she said. “When he wasn’t sober they were terrible.”

“If he was using or if he was drinking there was almost always a fight,” she said.

– ‘Saying really nasty things’ –

Henriquez recounted in detail the March 2015 incident at the Los Angeles penthouse complex owned by Depp.

She said Heard woke her up in the middle of the night to tell her that Depp had been cheating on her and that the newly married couple then got into a fight.

“They were saying really nasty things to one another,” Henriquez said.

“Johnny runs up the stairs,” she said. “He comes up behind me, strikes me in the back kind of.”

“I hear Amber shout ‘Don’t hit my fucking sister,'” she said. “She smacks him, lands one.”

Henriquez said Depp’s bodyguard moved to intervene, “but by that time Johnny had already grabbed Amber by the hair with one hand and was whacking her repeatedly in the face with the other.”

The bodyguard pulled them apart, she said, and Depp then proceeded to trash the penthouse, breaking numerous items in the kitchen and emptying racks of Heard’s clothes on the ground.

Depp’s lawyers have put experts on the stand who testified that he has lost millions because of the abuse accusations, including a $22.5-million payday for a sixth installment of “Pirates.”

Depp filed the defamation complaint in the United States after losing a separate libel case in London in November 2020 that he brought against The Sun for calling him a “wife-beater.”

Depp, a three-time Oscar nominee, and Heard met in 2009 on the set of “The Rum Diary” and were married in February 2015. Their divorce was finalized two years later.

Judge Penney Azcarate has scheduled closing arguments in the case for May 27, after which it will go to the jury.

Pee pals: Dolphins taste friends' urine to know they're around

Think about people you know, and how you could tell they were around even if you couldn’t see them: perhaps their voice, or a favored perfume.

For bottlenose dolphins, it’s the taste of urine and signature whistles that allow them to recognize their friends at a distance, according to a study published Wednesday in Science Advances. 

“Dolphins keep their mouths open and sample urine longer from familiar individuals than unfamiliar ones,” first author Jason Bruck of the Stephen F. Austin State University in Texas wrote in an email to AFP.

“This is important because dolphins are the first vertebrate ever shown to have social recognition through taste alone.”

The team, which included Sam Walmsley and Vincent Janik from the University of St Andrews, wrote that the use of taste could be highly beneficial in the open ocean because urine plumes persist for a while after an animal has left. 

This alerts dolphins to the recent presence of that individual even if it had not signaled its presence vocally.

The question of whether animals can attach “labels” to their friends in their minds has been difficult to answer.

Bottlenose dolphins, which use signature whistles to selectively address specific individuals, and can remember these for over 20 years, were thus an interesting test case.

To investigate, the team presented eight dolphins with urine samples from familiar and unfamiliar individuals, finding they spent around three times as long sampling urine from those they knew.

Genital inspection, in which a dolphin uses its jaw to touch the genitals of another individual, is common in their social interactions, providing a good opportunity to learn the taste of others’ urine. 

For the purposes of this study, the dolphins were trained to provide urine samples on demand in exchange for food.

Dolphins do not have olfactory bulbs, leaving the team certain it was taste and not smell at play.

For the second part of the experiment, the team paired urine samples with recordings of signature whistles played via underwater speakers, corresponding to either the same dolphin that provided the urine sample, or a mismatched sample.

Dolphins remained close to the speaker longer when the vocalizations matched the urine samples — potentially indicating that the two congruent lines of evidence together evoked more interest.

“It is not every day that scientists find evidence of ‘noun’-like use of signals in a non-human vocal system. That’s pretty exciting,” Bruck told AFP.

Dolphins have rich social worlds, he added, and it may be “just as advantageous for a dolphin to recognize alliance members as it is for them to recognize potential antagonists.”

– Obesity connection? –

The team suggested that lipids were likely responsible for individual chemical signatures.

“Given the recognition skills revealed in our study, we think that it is likely that dolphins can also extract other information from urine, such as reproductive state, or use pheromones to influence each other’s behavior,” they wrote.

In a surprising twist, the research could have implications for human obesity: the same gene that allows dolphins to identify lipids in urine is present in humans, where it helps people know when they have had enough to eat. 

Studying the gene in dolphins could therefore improve understanding of how it works in people.

The work could also have other implications: human-caused pollution such as oil spills or other chemical runoff may impede the dolphins’ ability to signal one another, thus doing even more harm than previously thought, said Bruck.

Wall Street stocks tumble following weak results from retailers

Wall Street stocks suffered one of their worst batterings since 2020 on Wednesday, as downcast earnings reports from retailers exacerbated worries about consumer resilience and corporate profitability.

With European markets also in retreat, major US indices took cues from Target, the North American-focused big-box retailer, which plunged around 25 percent after earnings missed expectations despite higher sales.

The company pointed to the hit from higher operating costs in results that echoed those of bigger rival Walmart, which had an ugly day Tuesday. The retailers said profits were under pressure and some consumers were avoiding discretionary purchases as prices for food, gasoline and other household staples rise.

All three major US indices dove, with the Dow sinking more than 1,150 points or 3.6 percent, and the Nasdaq plunging 4.7 percent.

“The big falls in shares of these retails… highlights the damage inflation is inflicting on the sector’s profit margins,” said Fawad Razaqzada at City Index.

“What’s more, consumers are getting squeezed as well and if they now start to cut back on spending then retailers could suffer even further,” he added.

Consumer-oriented names were among the most punished on Wednesday, with Procter & Gamble losing 6.2 percent, Coca-Cola 7.0 percent and Walgreens Boots Alliance 8.4 percent.

The weak results come in a market already buffeted by recession fears as the Federal Reserve raises interest rates to counter inflation

Earlier, European markets also were under pressure. 

News that UK inflation spiked to a 40-year peak of nine percent in April helped push London stocks down 1.1 percent.

The figure also sent the pound sliding on worries that the cost-of-living crisis will spark a recession in Britain, in line with the Bank of England’s recent forecast.

In the eurozone, Frankfurt fell 1.3 percent and Paris shed 1.2 percent in value.

Worries about weakening growth put downward pressure on oil prices, which dropped 2.5 percent, while the dollar strengthened against other major currencies.

“A recession is looking increasingly inevitable in the UK and other countries… if the inflation data does not improve,” OANDA analyst Craig Erlam told AFP.

“That does not bode well for equity markets.

– Key figures at around 2110 GMT –

New York – Dow: DOWN 3.6 percent at 31,490.07 (close)

New York – S&P 500: DOWN 4.0 percent at 3,923.68 (close)

New York – Nasdaq: DOWN 4.7 percent at 11,418.15 (close)

London – FTSE 100: DOWN 1.1 percent at 7,438.09 (close)

Frankfurt – DAX: DOWN 1.3 percent at 14,007.76 (close)

Paris – CAC 40: DOWN 1.2 percent at 6,352.94 (close)

EURO STOXX 50: DOWN 1.4 percent at 3,690.74 (close)

Hong Kong – Hang Seng Index: UP 0.2 percent at 20,644.28 (close)

Shanghai – Composite: DOWN 0.3 percent at 3,085.98 (close)

Tokyo – Nikkei 225: UP 0.9 percent at 26,911.20 (close)

Brent North Sea crude: DOWN 2.5 percent at $109.11 per barrel

West Texas Intermediate: DOWN 2.5 percent at $109.59 per barrel

Euro/dollar: DOWN at $1.0462 from $1.0550 at 2100 GMT Tuesday

Pound/dollar: DOWN at $1.2344 from $1.2493

Euro/pound: UP at 84.76 pence from 84.45 pence

Dollar/yen: DOWN at 128.20 yen from 129.38 yen

burs-jmb/to

US puts full weight behind Sweden, Finland bids to join NATO

The United States gave its full support Wednesday for Sweden and Finland’s bids to join NATO, promising to stand by them if threatened by Russia and pressing Turkey to not block their membership.

Hours after the two Nordic countries formally submitted their applications to enter the Atlantic alliance, President Joe Biden welcomed the move and said he would work with other NATO members and with the US Congress to ensure the process moved quickly.

“I warmly welcome and strongly support the historic applications,” Biden said, calling the two countries “longtime, stalwart partners.”

“While their applications for NATO membership are being considered, the United States will work with Finland and Sweden to remain vigilant against any threats to our shared security, and to deter and confront aggression or the threat of aggression,” he said in a statement.

Biden made the comments a day before welcoming Finnish President Sauli Niinisto and Swedish Prime Minister Magdalena Andersson to the White House for meetings that will likely underscore the geopolitical shift of their decision to join NATO in the wake of Russia’s invasion of Ukraine.

US officials pledged to work with them to overcome key issues on their way to membership, including the need for some security guarantees before they are accepted into the alliance, and Turkey’s opposition to their joining.

Turkey, which like all NATO members has the right to veto a nation’s candidacy, has raised objections, and ambassadors meeting in Brussels failed Wednesday to reach consensus on starting formal membership negotiations.

Turkey has accused the two countries, especially Sweden, of giving safe haven to members of the Kurdistan Workers’ Party (PKK), which is designated as a terror group by Ankara and its Western allies. 

Secretary of State Antony Blinken met with Turkish Foreign Minister Mevlut Cavusoglu in New York Wednesday as the NATO question loomed.

They met “to reaffirm their strong cooperation as partners and NATO allies,” the State Department said in a statement, not mentioning the controversy over Sweden and Finland.

Following their meeting, Cavusoglu told journalists the talks were “extremely positive,” saying he was assured by Blinken that Washington would pass on the messages necessary to address Turkey’s concerns.

He repeated Ankara’s view that NATO cannot accept members that support “terrorist organizations.”

– White House ‘confident’ –

White House National Security Advisor Jake Sullivan said the Biden administration was “confident” that Turkey’s concerns can be addressed and that the two countries will join the alliance.

“We feel very good about where this will track to,” he said.

Meanwhile, Swedish Defense Minister Peter Hultqvist met Wednesday at the Pentagon with US Secretary of Defense Lloyd Austin, where they discussed joining NATO and interim security cooperation.

“The secretary made it very clear that we have a comfort level with their military, going back many years,” said spokesman John Kirby, noting the Pentagon’s willingness “to have a discussion with them about security and capability needs that they might have to help assure them and to deter Russia, should that be necessary.” 

“We need to remember these are not two militaries that are strangers to us. We know them very well. We operate with them, we exercise with them,” Kirby said.  

“So being able to provide some security assurances will not be a giant leap for us at all.”

Asked about the issue of Turkey — also an important US defense partner — Kirby said they were “still working with Turkey to clarify” the specifics of its opposition to Sweden and Finland entering NATO.

Biden sells renewed US leadership in first Asia trip, but N.Korea looms

Joe Biden leaves Thursday for his first trip as president to Asia convinced that the confrontation with Russia has reinvigorated US leadership, while wary that a rogue North Korean nuclear test could tear up the optimistic script.

The Democrat is going to South Korea, then Japan on Sunday to hold summits with the leaders of both countries, as well as joining a regional summit of the Quad group — Australia, India, Japan, and the United States — while in Tokyo.

During the first leg, he will visit US and South Korean troops, but will not make the traditional presidential trek to the fortified frontier known as the DMZ between South Korea and the unpredictable, isolated dictatorship of North Korea, the White House said.

The trip is being touted as proof that the United States is further building on recent moves to cement its years-long pivot to Asia, where rising Chinese commercial and military power is increasingly pushing back against decades of US leadership.

National Security Advisor Jake Sullivan rejected the idea that the war in Ukraine is distracting Biden from that mission.

Underlining the competing demands from two sides of the world, Biden will be meeting Thursday morning at the White House with the leaders of Finland and Sweden to celebrate their applications for joining NATO right before he boards Air Force One for Seoul.

But Sullivan said there was no “tension” in the twin focus. “We regard this as mutually reinforcing,” Sullivan told reporters.

“There’s something quite evocative about going from meeting with the president of Finland and the prime minister of Sweden to reinforce the momentum behind the NATO alliance and the free world’s response to Ukraine, then getting on a plane and flying out to the Indo-Pacific.”

– North Korean wild card –

Briefing reporters on the aims of the trip, Sullivan said Biden is headed to Asia with “the wind at our back” after successful US leadership in creating the tough Western response to President Vladimir Putin’s now almost three-month long invasion of neighboring Ukraine.

The high military, diplomatic and economic cost facing Russia is seen in Washington as a cautionary tale for China to digest as it eyes ambitions to gain control over democratic-ruled Taiwan, even if that means going to war.

But for all the White House’s evident self-confidence, officials admit that North Korea’s nuclear weapons program is a wild card on the trip.

Sullivan said it was possible that North Korea, which has defied UN sanctions in conducting an array of nuclear-capable missile tests this year, could use Biden’s visit to stage “provocations.”

This could mean “further missile tests, long range missile tests or a nuclear test, or frankly both, in the days leading into, on or after the president’s trip to the region,” he said.

The Biden administration is prepared to “make both short and longer term adjustments to our military posture as necessary to ensure that we are providing both defensive deterrence to our allies in the region and that we’re responding.”

Sullivan said a potential response was being “closely” coordinated with South Korea and Japan and that he had also spoken about the issue with his Chinese counterpart earlier Wednesday.

– West meets East –

Sullivan said the administration wants not so much to confront China on the trip as to use Biden’s diplomacy to show that the West and its Asian partners will not be divided and weakened.

He pointed to cooperation from South Korea and Japan, among others, in the sanctions regime against Russia led by European powers and the United States. He also referred to Britain’s role in the recently created security partnership AUKUS.

“European countries are increasingly invested in the Indo-Pacific,” he said.

“So for us, there is a certain level of integration and symbiosis in the strategy we are pursuing in Europe and the strategy we’re pursuing in the Indo-Pacific. And President Biden’s unique capacity to actually stitch those two together, I think, is going to be a hallmark of his foreign policy,” Sullivan said.

This “powerful message” will be “heard in Beijing,” Sullivan said, “but it’s not a negative message and it’s not targeted at any one country.”

'Pharma Bro' Shkreli released to halfway house in US

So-called “Pharma bro” Martin Shkreli has been released from a Pennsylvania prison to a halfway house in New York state, the US Bureau of Prisons said Wednesday.

Shkreli, who became a poster child for predatory pharmaceutical pricing before being convicted of securities fraud in 2017, was transferred Wednesday from a low-security prison in Allenwood, Pennsylvania to undisclosed “community confinement” in New York state, said a BOP spokesperson in an email.

He is scheduled to be released from BOP’s custody on September 14, the spokesperson said.

Shkreli’s attorney, Benjamin Brafman, confirmed the release, saying he was “pleased” to report that his client was let out early “after completing all programs that allowed for his prison sentence to be shortened,” according to a statement.

“While in the halfway house I have encouraged Mr. Shkreli to make no further statement, nor will he or I have any additional comments at this time.”

Once dubbed “the most hated man in America,” Shkreli, 39, became infamous for suddenly raising the price of the HIV drug Daraprim in 2015 by 5,000 percent — from $13.50 a pill to $750.

Shkreli was originally sentenced in 2018 to seven years in prison in a fraud case not directly related to the Daraprim matter. He has been in custody since September 2017.

New York agency accuses Amazon of workforce discrimination

New York state accused Amazon Wednesday of discriminating against pregnant workers and staff with disabilities by refusing to make reasonable accommodations.

The state’s Division of Human Rights faulted Amazon for allowing worksite managers to override accommodations consultants when they urged flexibility for workers protected under law. 

“My administration will hold any employer accountable, regardless of how big or small, if they do not treat their workers with the dignity and respect they deserve,” said New York Governor Kathy Hochul in a statement that described Amazon as having 23 worksites in New York with more than 39,000 workers.

In one case, a pregnant worker asked not to be required to lift packages over 25 pounds. The worksite manager refused to make the accommodation, resulting in an injury that forced the employee into “indefinite unpaid leave,” the agency said.

In another case, a worksite manager denied a request from a worker with a documented disability who presented medical documentation justifying the need for a specific sleep schedule. 

After initially recommending the accommodation, the consultant reversed position after the site manager refused to grant the change, the agency said.

“Since the 1970s — years before the (federal) Americans with Disabilities Act — New York State has prohibited discrimination against pregnant employees in the workplace,” said Melissa Franco, deputy commissioner for enforcement at the agency. 

“The division will work to ensure that everyone in our state is fully afforded the rights and dignities that the law requires.”

The agency is seeking an administrative order requiring Amazon to cease the current conduct, train managers on how to handle requests for reasonable accommodation and pay civil fines.

Amazon told AFP in a statement that it was “surprised” by Hochul’s announcement, saying it had been cooperating with the investigation and “had no indication a complaint was coming.”

The e-commerce giant said it had “numerous programs” in place to make sure that all its employees felt supported.

“While we don’t always get it right with a workforce of over 1.6 million people, we work diligently to offer the best available options to accommodate individual situations,” Amazon said in the statement.

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