B-decays in the heavy-quark expansion

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Progress in the theoretical description of B-meson decays, in particular decays to light hadrons, is reviewed. The factorization properties of such decays can be analyzed using the soft-collinear effective theory. Applications of the effective theory to both inclusive and exclusive decays are discussed.
Talk presented at the 15th Topical Conference on Hadron Collider Physics (Michigan State University, June 2004) and at the 11th International QCD Conference (Montpellier, July 2004). 14 pages, 4 figures

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