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Electric aviation startup Beta Technologies has priced shares for its initial public offering between $27 and $33, in hopes of raising as much as $825 million, according to a regulatory document filed with the U.S. Securities and Exchange Commission. If the company attracts investors at the top of that range it will debut with a valuation of about $7.2 billion. The Vermont-based company, which was founded in 2017 by its enigmatic CEO Kyle Clark, filed the paperwork Wednesday despite the government shutdown. The SEC issued guidance earlier this month that allows companies in IPO limbo to allow their statements on certain…

ATLANTA (AP) — The superintendent of Georgia’s third-largest school district is resigning after being indicted on federal charges alleging he ran a kickback scheme and stole money from a smaller school district in suburban Chicago.The DeKalb County school board on Wednesday accepted the resignation of Devon Horton effective Nov. 15. Board members had been facing calls to fire Horton.School board members also voted Wednesday to hire an auditor to examine spending under Horton.Horton has been making $360,000 a year. He will be paid through Nov. 15, said spokesperson Carla Parker, but will receive no payments after that date.A federal grand…

John Furner, Walmart U.S. CEO, speaks to CNBC’s Sara Eisen during the Invest in America Forum on Oct. 15, 2025.Aaron Clamage | CNBCManufacturing is seeing renewed attention from corporate America, with Walmart among the major companies publicly reaffirming its commitment to domestic production. At CNBC’s inaugural Invest in America Forum, Walmart U.S. CEO John Furner said the company is increasing its investments in U.S.-made products and suppliers, describing it as part of a long-standing, strategic priority. “Investing in U.S. manufacturing and U.S. operations, sure, it’s great for business, but it’s also great for employment. It’s great for jobs. It’s great for the…

SeaWorld San Diego and Amtrak Pacific Surfliner service have launched a partnership offering new travel and ticket discounts in Southern California.Beginning October 13, 2025, Pacific Surfliner riders can unlock special savings at PacificSurfliner.com/SeaWorld with a 20 percent savings on train travel to Old Town San Diego and exclusive discounts on SeaWorld San Diego tickets. Pacific Surfliner offers scenic coastal views, spacious seating, free Wi-Fi and a café car, creating a relaxing alternative to driving. Travelers can take the train to Old Town San Diego and connect to SeaWorld with a quick ride-share or MTS bus, avoiding traffic and parking costs.Train…

Heather Kindred, Senior Vice President, Nexion Travel Group. (Photo Credit: Nexion Travel Group)WHY IT RATES: The two proven leaders bring impressive resumes to their new roles and have the mammoth host agency poised to achieve its goals in 2026 and beyond.—Patrick Clarke, TravelPulse Senior EditorNexion Travel Group, the travel industry’s premier host agency in North America, today announced two updates to its executive team, promoting Heather Kindred to Senior Vice President and naming Laura Bjorne as Vice President, Business Operations. Kindred previously served as Nexion’s Vice President, Business Development and Education & Partner Relations, as well as the founding Program Director…

A decade ago, two college students built a fire extinguisher that snuffed out a fire using nothing more than a booming 10-inch subwoofer. The internet lapped it up, and Jimmy Fallon even booked a demonstration for “The Tonight Show.” But since that brief viral moment, there hasn’t been much more than a whisper about the technology. It’s not for lack of trying. The college kids weren’t the first to prove the concept. DARPA was on the case in 2012; and a search of the scientific literature reveals dozens of researchers investigating the idea. One startup now claims to have cracked…

WASHINGTON (AP) — Brown University is rejecting a Trump administration proposal that would provide favorable access to funding in exchange for a wide range of commitments, saying the deal would curtail academic freedom and undermine the university’s independence.Brown is the latest university to turn down the proposal, which White House officials said would bring “multiple positive benefits” including “substantial and meaningful federal grants.” The Massachusetts Institute of Technology backed away from the proposal last week after its president said it would restrict free speech and campus autonomy.Brown President Christina Paxson turned down the proposal on Wednesday in a letter to…

Albert Bourla, CEO of Pfizer, Charlie Scharf, Wells Fargo & Company CEO and Kathy Warden, Northrop Grumman Chair & CEO speak during the Invest in America Forum on Oct. 15, 2025.Aaron Clamage | CNBCWells Fargo CEO Charlie Scharf and Pfizer CEO Albert Bourla sounded the alarm Wednesday over the potential for the the U.S. to lose its competitive edge to China, but said artificial intelligence could help America maintain its lead.Speaking at CNBC’s inaugural Invest in America Forum in Washington, D.C., the two executives said that while the U.S. still leads in many sectors, inconsistent policy and underinvestment is ceding…

In less than two years, struggling budget carrier Spirit Airlines predicts its operations will be profitable once again.The carrier, which is in the middle of a second Chapter 11 bankruptcy restructuring in less than a year, said in a regulatory filing on Tuesday that it expects to post its first full-year profit in eight years in 2027, according to Reuters. In the document, Spirit said that in 2027, it predicts an annual profit of $219 million, which would mark its annual profit since before the pandemic in 2019.Getting to that point, however, might prove difficult. The company said that in 2025,…

SpaceX is quietly standing up a volunteer fire department to serve the sprawling launch-and-manufacturing Starbase complex, tightening its control over emergency response at a site known for rapid — and sometimes explosive — rocket development.  A certificate of formation filed with the Texas Secretary of State on June 30 shows the creation of what’s called the Starbase Volunteer Fire Department. The nonprofit entity lists its headquarters as 1 Rocket Road in Brownsville, the principal address of SpaceX. Two of the three directors named on the filing are SpaceX employees: Cody Dye, environmental health and safety manager, and Kevin Bagnall, in-house…