“Grapple test” of the OSAM-1 spacecraft's robotic service arm.NASANASA announced Friday the closure of a $2 billion project to test refueling satellites in space, after the agency's auditor criticized the program's main contractor, Maxar, citing “poor performance.”The OSAM-1 project — on-orbit service, assembly and manufacturing — has been discontinued after nearly a decade of work, the space agency said in a statement.In its announcement, NASA cited “ongoing technical, cost and schedule challenges, and the broader community's evolution away from refueling ill-equipped spacecraft, resulting in a lack of a committed partner.” About 450 personnel support OSAM-1, but NASA is “committed to…
Author: ricardofrancois
“Rust” director Joel Souza, who was injured when Alec Baldwin fired a gun, said he couldn't process what happened on the New Mexico set of the movie — even after he was taken to the hospital.”I knew something had bothered me,” Souza testified Friday in a courtroom in Santa Fe, New Mexico, on the seventh day of testimony in the manslaughter trial of Hannah Gutierrez. The 26-year-old Arizona woman could spend up to three years in prison if she is convicted of criminal charges against her related to the October 21, 2021, death of Halina Hutchins.Friday was the first time…
Voting may not have been the first thing on our parents' and grandparents' minds when they arrived in the United States from countries and counties where democracy was a distant dream. Working (perhaps several jobs), learning the language and establishing a home in the community took precedence over politics, all in service of their highest priority: creating a better future for their children.This week, that seemingly bygone promise of the American Dream played out in real time inside Michigan polling places. Hundreds of thousands of Arab Americans — many of them second- and third-generation children of Middle Eastern immigrants —…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Reddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, which would represent a significant decline from its last private valuation in 2021. The social media platform was targeting between $31 and $34 per share, according to two people familiar with the situation, giving it an equity value of between $6 billion and $6.5 billion on a fully diluted basis. The price targets were first reported by The Wall Street Journal.The platform, known for free discussion forums like…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.At some point, I manage to shift most conversations toward my obsession with pets, and one of those hobbies is climbing.I'm not very good at it. But I'm trying hard. I bring this up because one of the many reasons I'm not good at it is because I'm a scaredy-cat. Maneuvers like the big reach, a leap of faith to the next catch, or some fancy footwork seem a lot easier when you're half a meter off the ground rather than three…
Port of Fontville in the Principality of Monaco.Education Pictures | Global Photo Collection | Getty ImagesA new study reveals that wealthy people are looking for a better lifestyle and a solid investment when it comes to buying their next home.A quarter of U.S. high-net-worth individuals, or those with wealth of $30 million or more, plan to purchase a residential property this year, according to a wealth report released by Douglas Elliman and Knight Frank. According to the report, the average ultra-high net worth individual already owns four homes. A quarter of their housing portfolio is outside their home country.When it…
Fuselages bound for Boeing's 737 MAX production facility are stored at its largest supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, US on December 17, 2019. Nick Oxford | ReutersBoeing Talks are underway to buy back Air spirit systemsThe companies that make fuselages for Boeing's 737 MAX planes said Friday, as manufacturers seek to eliminate production defects in the best-selling plane.Spirit shares rose 15% on Friday, while Boeing stock fell nearly 2%. Spirit AeroSystems had a market cap of $3.8 billion as of Friday's close.In 2005, Boeing spun off its Kansas and Oklahoma operations, which today become Spirit AeroSystems. About…
Check out the companies making headlines in midday trading. Spirit AeroSystems – Shares rose more than 15% after a report that Boeing was in talks with Spirit to reacquire the fuselage supplier nearly 20 years after spinning it off into a separate company. Hewlett Packard Enterprise – The technology stock rose 2.1% after fiscal first-quarter earnings of 3 cents per share beat analysts' expectations, according to LSEG, formerly known as Refinitiv. But Hewlett-Packard reported revenue of $6.76 billion, below Wall Street expectations of $7.11 billion, and gave weak guidance for the current quarter. Daimler Truck – Shares of the commercial…
Activists protest prescription drug prices in front of the US Department of Health and Human Services building in Washington, D.C., on October 6, 2022.Anna Money Maker | Getty ImagesA federal judge refused on Friday AstraZenecaLegal challenge to Medicare's new authority to negotiate prices for certain expensive prescription drugs with manufacturers.The decision is another victory for the Biden administration in a bitter legal battle with the drug industry over the constitutionality of those price talks. The negotiations are a key policy under the inflation-reducing law that aims to make drugs more affordable for seniors and could reduce pharmaceutical industry profits.The legal…
A political mailer that arrived on residents' doorsteps last month near Baldwin Hills sparked controversy in the Los Angeles City Council race for District 10 and prompted the council to take action this week.The City Council approved a proposal Wednesday to crack down on fraudulent and “deepfakes” campaign materials after a Baldwin Hills mailer, appearing to be from council candidate and current Councilwoman Heather Hutt, attracted attention. Hott made the proposal in early February, days after the letter was distributed.The colorful mailer included a photo of Hutt and Mayor Karen Bass smiling together and a list of endorsements. It is…