World's richest person by the country

China closes live poultry markets amid deadly flu outbreak

© AP Photo In this Oct. 9, 2016 photo, a butcher carries slaughtered chickens in a poultry market in Fuyang in central China's Anhui province. Chinese state media reported Friday, Feb. 17, 2017 that the National Health and Family Planning Commission…


BEIJING (AP) — China is ordering the closure of live poultry markets in its south-central regions as it grapples with the worst outbreak of bird flu in years that has killed at least 87 people.
State media reported Friday that the National Health and Family Planning Commission ordered closures anywhere with cases of the H7N9 strain.
Most reported cases have been found in the densely populated Yangtze and Pearl river deltas from Shanghai to Hong Kong. Those areas generally experience mild, wet winters that are ideal for the virus transmission. In all, more than 250 cases have been reported from 16 provinces and regions, including as far away as the southwestern province of Yunnan.
The death toll since the start of the year has been unmatched since at least 2013.
In addition to the market closures, the commission is training health workers in the screening, early diagnosis and treatment of the disease, while urging people to avoid contact with live birds.
H7N9 is considered to be less virulent than the H5N1 strain that the World Health Organization has linked to hundreds of deaths worldwide over the last decade. H7N9 is not believed to be transmitted between humans, but rather by infected poultry.
China has gained extensive experience in dealing with such crises since being hit by the 2003 SARS outbreak that was believed to have originated among animals in southern China. A preference among Chinese for live-bought, freshly-slaughtered poultry complicates the government's efforts to eradicate such diseases.
The official Xinhua News Agency said the market closures this time have "greatly reduced the number of new infections in many regions," citing Ni Daxin, deputy director of the emergency response center at the Center for Disease Control and Prevention.
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This story corrects virus strain.

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http://www.msn.com/en-us/news/world/china-closes-live-poultry-markets-amid-deadly-flu-outbreak/ar-AAn2he1?li=AA4Zpp&ocid=spartanntp

Snapchat is about to make a 26-year-old one of the richest people on Earth

Here’s how much money CEO Evan Spiegel will make when Snap goes public.

Next month, Snapchat parent company Snap will begin selling shares on the public market in one of the most highly anticipated I.P.O.s for a tech company since Twitter went public in 2013. With Uber and Airbnb still raising funds and bolstering their bottom lines as they mull public offerings of their own, Snap is expected to serve as a bellwether for the otherwise slow-moving tech-IPO pipeline and a critical test of the public appetite for other unprofitable Silicon Valley unicorns.
When Snap does go public, the company said in documents filed with the SEC on Thursday, it will price its I.P.O. at $14 to $16 per share, with a total of 200 million Class A shares. At that price, the offering could value Snap at $22 billion—an eye-popping valuation given its recent losses, but still on the low end of its private-market valuation.
CEO Evan Spiegel, 26, and co-founder Bobby Murphy, 28, stand to make about $5 billion off of their shares in the company when it does finally go public, beginning with the $256 million in stock that they each plan to sell when Snap debuts, according to the documents. Both Murphy and Spiegel are the biggest shareholders in the company, and together they will control about 89 percent of voting rights in Snap once it’s a public entity. (Their third co-founder, Reggie Brown, was paid $157.5 million in a settlement with his estranged co-founders after he filed a 2013 lawsuit over being forced out of the company.)
For Snap’s I.P.O., Spiegel took a page out of Facebook CEO Mark Zuckerberg’s playbook, consolidating the executive power at the helm of his company ahead of its offering, and offering shares without any voting power, allowing Spiegel and Murphy to retain control even after selling huge amounts of stock. The two co-founders currently plan to sell 16 million Class A shares—which don’t have voting rights—when the company goes public, with the expectation that will sell more over time.
Snap’s co-founders aren’t the only ones who will make money by shedding some of their shares during Snap’s public offering. Shareholders like Snap chairman Michael Lynton, formerly of Sony, will sell up to 54,907 Class A shares, and make as much as $878,512 during Snap’s IPO Benchmark partner Mitch Lasky will make up to $171 million. Snap’s earliest investor, Lightspeed Venture Partners, could make as much as $74 million. Once Snap goes public, Spiegel will also receive 3 percent of its stock as an award.
It remains to be seen how the public market will react to Snap, and whether it will emerge as a highly valuable, diversified social-media company like Facebook, or one that does well on I.P.O. day but flops afterward. Some potential investors have already “reacted with fury” over Snap’s decision to sell shares with no voting power.

© By J. Emilio Flores/Corbis/Getty Images.

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http://www.msn.com/en-us/money/companies/snapchat-is-about-to-make-a-26-year-old-one-of-the-richest-people-on-earth/ar-AAn3ueg?li=BBmkt5R&ocid=spartanntp