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An unproven small launch startup is partnering with a severely depleted SPAC trust to do the impossible: go public in a deal they say will be valued at $400 million. Innovative Rocket Technologies Inc. (iRocket) and BPGC Acquisition Corp., a special purpose vehicle company founded by former Commerce Secretary Wilbur Ross, is aiming to close the transaction in the fourth quarter of this year. Interestingly, the SPAC has been depleted of most of its cash after it raised $345 million in its IPO in March 2021. According to a September 2024 filing with the U.S. Securities and Exchange Commission, the…

WASHINGTON (AP) — President Donald Trump on Thursday signed an executive order mandating that federal authorities clarify whether college athletes can be considered employees of the schools they play for — attempting to create clearer national standards for the NCAA’s name image and likeness program.The move comes amid a dramatic increase in the money flowing into and around college athletics. It also follows key court victories won by current and former athletes angry that they were barred for decades, both from earning income based on their celebrity and from sharing in the billions of revenue they helped generate.Facing a growing…

Key PointsThe NFL is closing in on a deal to take a minority stake of up to 10% in ESPN, according to people familiar with the matter, potentially tying together two powerhouse brands in sports.The discussions are ongoing, and it’s possible the final deal may arrive at a smaller stake, according to the people.ESPN would own all of NFL Network and NFL RedZone, rather than just a controlling stake, if the deal moves forward as currently constructed, according to the people.A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and…

Google CEO Sundar Pichai says he is “very excited” to supply OpenAI, the search giant’s largest competitor in AI, with cloud computing resources to train and serve the company’s AI models as part of a recently struck partnership. “With respect to OpenAI, look, we are very excited to be partnering with them on Google Cloud,” said Pichai on Google’s second-quarter earnings call on Wednesday. “Google Cloud is an open platform, and we have a strong history of supporting great companies, startups, AI labs, etc. So super excited about our partnership there on the cloud side, and we look forward to…

Hulk Hogan, perhaps the most recognizable showman of professional wrestling with his muscles for miles, long blond locks and handlebar mustache, has died. He was 71.Hogan, whose given name was Terry Bollea, was WWE’s biggest star and an actor who once had his own reality show, “Hogan Knows Best.” He died Thursday in Clearwater, Florida, where he lived. Tributes have poured in for Hogan. Here’s some notable reaction:President Donald Trump“We lost a great friend today, the “Hulkster.” Hulk Hogan was MAGA all the way — Strong, tough, smart, but with the biggest heart. He gave an absolutely electric speech at…

Travelers will soon have more options for visiting one of Florida’s most vibrant cities, as JetBlue is adding new routes and more flights to its hub in the Sunshine State. This fall, the carrier will be adding four new year-round domestic routes from Fort Lauderdale-Hollywood International Airport (FLL). On December 4, the carrier will launch new nonstop service from FLL to Norfolk, Virginia (ORF), operating five times per week. On the same day, JetBlue will launch a new daily route from FLL to Tampa (TPA) and also restart daily nonstop service to Atlanta (ATL). On November 20, the airline will also…

When DeepSeek, Alibaba, and other Chinese firms released their AI models, Western researchers quickly noticed they sidestepped questions critical of the Chinese Communist Party. U.S. officials later confirmed that these tools are engineered to reflect Beijing’s talking points, raising concerns about censorship and bias. American AI leaders like OpenAI have pointed to this as justification for advancing their tech quickly, without too much regulation or oversight. As OpenAI’s chief global affairs officer Chris Lehane wrote in a LinkedIn post last month, there is a contest between “US-led democratic AI and Communist-led China’s autocratic AI.” An executive order signed Wednesday by…

WASHINGTON (AP) — The Trump administration’s milestone settlement with Columbia promises to bring stability to a university in crisis. It also delivers a crucial win to President Donald Trump in his campaign to reshape higher education.And at colleges around the country, the deal clarifies the stakes for anyone weighing whether to fight the administration’s demands or concede.Columbia agreed Wednesday to pay more than $220 million to the federal government to restore federal research money that was canceled in the name of combating antisemitism on campus. That decision offers a contrast to the path taken by Harvard University, which has lost…

NEW YORK (AP) — Two-time Grammy Award-winning musician Chuck Mangione, who achieved international success in 1977 with his jazz-flavored single “Feels So Good” and later became a voice actor on the animated TV comedy “King of the Hill,” has died. He was 84.Mangione died at his home in Rochester, New York, on Tuesday in his sleep, said his attorney, Peter S. Matorin of Beldock Levine & Hoffman LLP. The musician had been retired since 2015.Perhaps his biggest hit — “Feels So Good” — is a staple on most smooth-jazz radio stations and has been called one of the most recognized…

Facebook Tweet Email Link Dana Santas, known as the “Mobility Maker,” is a certified strength and conditioning specialist and mind-body coach in professional sports, and is the author of the book “Practical Solutions for Back Pain Relief.” Health experts universally recommend walking as one of the simplest, most accessible forms of exercise — and for good reason. Regular walks offer plenty of physiological and mental health benefits, research has shown. The activity can improve cardiovascular health, boost mood and energy, reduce stress and anxiety, and even lower the risk of chronic diseases such as diabetes and heart disease. However, many…