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By Echo Wang NEW YORK, June 12 (Reuters) – In recent years, Elon Musk has been picky about whom he allowed to buy in to , the rocket ship company making its highly anticipated stock market debut this week. One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire entrepreneur to buy $10 million worth of stock in the satellite maker in 2018. A portfolio manager at a $500 billion U.S. fund said he had to use his relationship with a board member of the Musk-led for an allocation of SpaceX…
In one of the CDC modeling’s worst-case scenarios, in which only 20 percent of Ebola cases are isolated, most simulations projected more than 20,000 cases and more than 4,000 deaths within just three months. “Utterly disgusted” With the US withdrawal from the World Health Organization and the US Agency for International Development (USAID) dismantled, American contributions to the response effort have been weaker and slower than in past outbreaks, diminishing the overall response. Meanwhile, the Trump administration’s isolationist strategy involving travel restrictions and border closures has raised tensions in other countries. The administration is planning on preventing even US citizens…
Al Carns quit as the armed forces minister in a row over defence spending, hours after John Healey also quit as defence secretary. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.David Hockney, one of the most popular and influential artists of the past century, has died aged 88. A statement released by his publicist on Friday said Hockney “passed away peacefully at home on 11 June 2026, one month short of his 89th birthday”.“David Hockney’s enduring legacy reflects his underlying enthusiasm for life, his outstanding sense of humour, his immense generosity, and his investigative curiosity,” the statement added. “He smoked up to the end.”Born in Bradford in the north of England in 1937, Hockney…
Many investors dream of getting in early on the next Amazon. That’s part of the appeal of initial public offerings, or IPOs, which allow investors to buy shares of a company as it enters the public market. With growing interest in potential future IPOs from companies such as SpaceX, Anthropic and OpenAI, here’s what investors should know.What is an IPO?An IPO is the process where a private company becomes publicly traded by offering shares to investors. Once the IPO is complete, the company’s stock begins trading on a public exchange such as the New York Stock Exchange (NYSE) or Nasdaq.Companies…
Air India to defer deliveries and cut flights amid record losses Source link
CEO of OpenAI Sam Altman walks through the Hart Senate Office Building, following meetings on Capitol Hill, in Washington, D.C., U.S., June 3, 2026.Evelyn Hockstein | ReutersOpenAI on Thursday announced it will acquire Ona, a startup that provides secure, pre-configured cloud environments where artificial intelligence agents can access tools, systems and context. Ona’s technology will allow OpenAI’s coding assistant, Codex, to take on longer-running tasks, OpenAI said. It will also help more organizations deploy agents, which independently complete tasks on behalf of a user, into production, the company said. OpenAI did not disclose the terms of the acquisition, which is…
Markets head into the first Fed meeting run by new Chair Kevin Warsh with almost no idea what he thinks about the recent surge in job growth, the acceleration in inflation or the path of interest rates.And that may be by design.Warsh has strongly criticized Fed communications, saying they have led to policy errors and placed the Fed more at the center of market decisions and the economy than it should be. His plans for “regime change” include a rethink of how the Fed forecasts and talks about its plans for monetary policy. That appears to include both quantity and…
Elon Musk’s ownership stakeTesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, on March 22, 2025.Nathan Howard | ReutersAfter its market debut, CEO and founder Elon Musk will have voting control of 82.4% in SpaceX, according to the company’s IPO filings. He will need to hold onto all of his SpaceX shares for a year, however.”We believe that Mr. Musk’s substantial ownership interest in us provides him with an economic incentive to assist us to be successful,” SpaceX…
Investing.com — stock surged 8.2% to trade at €26.01 as a US-Iran ceasefire announcement unleashed a broad relief rally across the global airline sector, with investors rapidly unwinding the fuel-cost risk premium that had weighed on aviation equities for weeks. The development directly addressed the most pressing concern for carriers: the closure of the Strait of Hormuz had been driving jet fuel prices sharply higher, and any easing of that geopolitical pressure translates immediately into improved cost visibility for airlines. Ryanair entered today’s session with a particularly strong fundamental foundation to absorb the positive re-rating. The company recently reported a…