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New York, NY, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Launch Two Acquisition Corp. (Nasdaq: LPBBU) (the “Company”) announced today that, commencing November 29, 2024, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “LPBB” and “LPBBW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “LPBBU.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Launch Two Acquisition Corp. Launch Two Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. Forward-Looking Statements This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Contact: Launch Two Acquisition Corp. Jurgen van de Vyver jurgen@launchpad.vc (510) 692-9600fb777 slots login philippines

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An activist threatened opponents of biological men in women’s restrooms, saying that it was time to “arm up” in an April 2023 video that resurfaced on social media that hinted at fatal consequences for those who try to stop men from entering a women’s restroom. The LibsOfTikTok X account resurfaced the video in a post on X Friday, being viewed 1.9 million times as of early Friday evening. Republican Rep. Nancy Mace of South Carolina also shared the video in a post that had more than 220,000 views, also as of Friday evening. The issue of biological men claiming to be transgender women using women’s restrooms made headlines this week. This, after Mace introduced a resolution covering the Capitol complex’s restrooms as a response to the election of Sarah McBride to Delaware’s at-large congressional seat. In the video originally posted on TikTok last year, the activist, Tara Jay, dared opponents to prevent his entry into a woman’s restroom. (RELATED: ‘I’m Going To Fight Like Hell’: Nancy Mace Doubles Down On Capitol Transgender Bathroom Legislation) WATCH: “I dare you to try and stop a transgender woman in my presence from using the bathroom. It will be the last mistake you ever make This is a call to action and a call to arms to everybody within the United States that are scared, worried, have children that are transgender, lesbian, bi or gay. This is a call to action. You need to arm up. Plain and simple. Go out, buy a gun, learn how to use it efficiently through and through. Because the time to act is now,” Jay said. “You need to protect yourself, and you need to protect your fellow transgender brothers and sisters and theys and thems. You need to protect the rest of us in the LGB community, as I’m going to do myself. I do not fear Christians, I do not fear conservatives, I do not fear evangelicals, and I do not fear Republicans. They just talk a big game, that’s all they do. But heaven forbid you do something in my presence, you’re going to know what fear actually feels like.” This man wants to kill women who don’t want him in their bathroom. #HoldTheLine https://t.co/SPqSq9fkM4 — Nancy Mace (@NancyMace) November 22, 2024 Jay’s TikTok account appeared to be deleted when the Daily Caller News Foundation tried to access it. House Speaker Mike Johnson issued a policy prohibiting biological men from using women’s restrooms in the Capitol, with McBride agreeing to abide by the policy in a statement. All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org .NFL fans are bracing for potential issues with Netflix's Christmas Day games after the streaming giants experienced latency issues during the Mike Tyson-Jake Paul fight . The NFL sent a cryptic message to NBC when asked to comment about looming connectivity issues . For the first time, Netflix will host NFL games. On Christmas, the streaming giants will feature: the Kansas City Chiefs vs the Pittsburgh Steelers at 1:00 pm EST, and the Baltimore Ravens vs the Houston Texans at 4:30 pm EST. NBC asked an NFL league spokesperson if "there any contingency plans in place for tomorrow in the event Netflix has technical issues?” They received a coy response: “We will be prepared and we are looking forward to a great day.” New York Jets and Giants' sad impact on New York clear to see as TV ratings drop Detroit Lions set for double injury boost as Dan Campbell's Super Bowl plan hots up Netflix will air the games to its 282.3 million subscribers in five languages: English, French, Spanish, Portuguese, and German. The streaming giants reported that 60 million households watched the Paul-Tyson fight. Telluride Legal Strategies founder Rob Rosenberg spoke with Josh Lipton of Asking for a Trend about Netflix's potential challenges. " Streaming is a complex process," he said. "Sometimes when demand is huge, it overpowers the system, it overwhelms it," he continued. "You've got delays, and problems arise. But I would not bet against Netflix. I think that the timing of the Jake Paul-Mike Tyson fight was a great test case for Christmas Day." "The best way to get good at streaming at scale is to just do it. There were some hiccups in the fight last month, but I think that they're going to nail it on Christmas Day with these games." Netflix loaded up with a stacked broadcasting team for the contests - the pregame show alone will feature Kay Adams, Drew Brees, Robert Griffin III, and Mina Kimes. Ian Eagle will call Chiefs-Steelers with an assist from Nate Burlson and JJ Watt on color commentary. Ian's son Noah Eagle will call Ravens-Texans with help from FOX sports analyst Greg Olsen. Both games feature massive playoff ramifications. The Chiefs can lock up a first-round bye with a win, while the Steelers could put themselves in a position to clinch the AFC North with a win. The Ravens must win out and hope for a Steelers loss to win their division. The Texans have already secured the AFC South title but are still jostling for seeding the tight AFC playoff picture.Chargers are expected to be without top RB Dobbins and could lean on QB Herbert against Falcons

Mystery drone sightings continue in New Jersey and across the US. Here's what we know

BEIRUT (AP) — Insurgents' stunning march across Syria accelerated Saturday with news that they had reached the suburbs of the capital and that government forces had withdrawn from the central city of Homs. The government was forced to deny rumors that President Bashar Assad had fled the country. The loss of Homs is a potentially crippling blow for Assad. It stands at an important intersection between Damascus and Syria’s coastal provinces of Latakia and Tartus — the Syrian leader’s base of support and home to a Russian strategic naval base. The pro-government Sham FM reported that government forces took positions outside Syria’s third-largest city, without elaborating. Rami Abdurrahman who heads the Britain-based Syrian Observatory for Human Rights, said Syrian troops and members of different security agencies have withdrawn from the city, adding that rebels have entered parts of it. The capture of Homs is a major victory for insurgents, who have already seized the cities of Aleppo and Hama , as well as large parts of the south, in a lightning offensive that began Nov. 27. Analysts said Homs falling into rebel hands would be a game-changer. The rebels' moves around Damascus, reported by the monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including several provincial capitals, under the control of opposition fighters. The advances in the past week were among the largest in recent years by opposition factions, led by a group that has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. In their push to overthrow Assad's government, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. For the first time in the country's long-running civil war, the government now has control of only three of 14 provincial capitals: Damascus, Latakia and Tartus. The U.N.’s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an “orderly political transition.” Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergey Lavrov, whose country is Assad's chief international backer, said he feels “sorry for the Syrian people.” In Damascus, people rushed to stock up on supplies. Thousands went to Syria's border with Lebanon, trying to leave the country. Many shops in the capital were shuttered, a resident told The Associated Press, and those still open ran out of staples such as sugar. Some were selling items at three times the normal price. “The situation is very strange. We are not used to that,” the resident said, insisting on anonymity, fearing retributions. “People are worried whether there will be a battle (in Damascus) or not.” It was the first time that opposition forces reached the outskirts of Damascus since 2018, when Syrian troops recaptured the area following a yearslong siege. The U.N. said it was moving noncritical staff outside the country as a precaution. Assad's status Syria’s state media denied social media rumors that Assad left the country, saying he is performing his duties in Damascus. He has had little, if any, help from his allies. Russia, is busy with its war in Ukraine . Lebanon’s Hezbollah, which at one point sent thousands of fighters to shore up Assad's forces, has been weakened by a yearlong conflict with Israel. Iran has seen its proxies across the region degraded by regular Israeli airstrikes. U.S. President-elect Donald Trump on Saturday posted on social media that that the United States should avoid engaging militarily in Syria. Pedersen said a date for talks in Geneva on the implementation a U.N. resolution, adopted in 2015, and calling for a Syrian-led political process, would be announced later. The resolution calls for the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with U.N.-supervised elections. Later Saturday, foreign ministers and senior diplomats from eight key countries, including Saudi Arabia, Russia, Egypt, Turkey and Iran, along with Pederson, gathered on the sidelines of the Doha Summit to discuss the situation in Syria. No details were immediately available. The insurgents' march Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said insurgents were in the Damascus suburbs of Maadamiyah, Jaramana and Daraya. Opposition fighters were marching toward the Damascus suburb of Harasta, he added. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces had begun the “final stage” of their offensive by encircling Damascus. HTS controls much of northwest Syria and in 2017 set up a “salvation government” to run day-to-day affairs in the region. In recent years, HTS leader Abu Mohammed al-Golani has sought to remake the group’s image, cutting ties with al-Qaida, ditching hard-line officials and vowing to embrace pluralism and religious tolerance. The shock offensive began Nov. 27, during which gunmen captured the northern city of Aleppo, Syria’s largest, and the central city of Hama , the country’s fourth largest city. Opposition activists said Saturday that a day earlier, insurgents entered Palmyra, which is home to invaluable archaeological sites had been in government hands since being taken from the Islamic State group in 2017. To the south, Syrian troops left much of the province of Quneitra including the main Baath City, activists said. Syrian Observatory said government troops have withdrawn from much of the two southern provinces. The Syrian army said in a statement that it carried out redeployment and repositioning in Sweida and Daraa after its checkpoints came under attack by “terrorists." The army said it was setting up a “strong and coherent defensive and security belt in the area,” apparently to defend Damascus from the south. The Syrian government has referred to opposition gunmen as terrorists since conflict broke out in March 2011. Diplomacy in Doha The foreign ministers of Iran, Russia and Turkey, meeting in Qatar, called for an end to the hostilities. Turkey is a main backer of the rebels. Qatar's top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticized Assad for failing to take advantage of the lull in fighting in recent years to address the country’s underlying problems. “Assad didn’t seize this opportunity to start engaging and restoring his relationship with his people,” he said. Sheikh Mohammed said he was surprised by how quickly the rebels have advanced and said there is a real threat to Syria’s “territorial integrity.” He said the war could “damage and destroy what is left if there is no sense of urgency” to start a political process. Karam reported from London. Associated Press writers Albert Aji in Damascus, Syria and Qassim Abdul-Zahra in Baghdad contributed to this report.Chavis Building & Renovation Services: A Rising Star in Home Remodeling in Toledo, Ohio

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Second Lieutenant Madison Marsh was crowned Miss America in 2024. (USAF via SWNS) By Dean Murray Miss America Madison Marsh - also a U.S. Air Force 2nd lieutenant - has reflected on her year in the role. A potential Top Gun-style aviator, with a coveted place to train as a fighter pilot, the 23-year-old has had a busy 12 months since winning the title in January. The Arkansas native has spent months traveling the country inspiring women and advocating for military careers while pursuing her Master’s degree in public policy at Harvard University . However, in an interview this month, Madison has reaffirmed her heart is in the Air Force. Speaking about her early dream to be an astronaut, it was the positive influence of the Air Force that eventually enamored her to the military branch. (Miriam Thurber/USAF via SWNS) Madison said: "The thing that started it all was actually space camp. And I got to see the stars for the very first time, like without any light pollution and started talking to these people about space camp ended up going. "When I met these astronauts, I had heard so much about the military and how almost all of them were retired military fighter pilots, test pilots and I knew that was something that I wanted to do. "You know, my goals have kind of changed over the past couple of years because my entire path in entering the military started because I wanted to be an astronaut, and now I no longer want to be an astronaut. "So it always left me with the question of why am I staying? Because if that dream has changed, what am I here for? And ultimately, it was because of the people that I've gotten to have. "People are the most important thing in my entire life. And the fact that the Air Force, wherever I've gone, I have found family and friends and people that are going to take care of me. 2nd Lt. Madison Marsh, crowned Miss America 2024, poses at the Daytona International Speedway in Daytona Beach, Florida. (Miriam Thurber/USAF via SWNS) "And to be honest, I don't really feel like that in any other job or role that I've gotten to have. The Air Force and the people in it are always going to have my back. And I think that's such a beautiful thing. "When looking at a mission that is so much bigger than yourself and also having that family component of people that are always going to have your back." From a young age, Madison had a love of science and a dream to be a pilot and astronaut. Her parents encouraged her dreams, sending her to Space Camp when she was 13 years old where she met astronauts and fighter pilots. Around that time, she learned about the United States Air Force Academy. At 15 years old, she started flying lessons earning her pilot’s license two years later and then began to work towards her goal of becoming a cadet. (Miriam Thurber/USAF via SWNS) Madison was crowned Miss Colorado in May 2023, just before graduating from the United States Air Force Academy (USAFA) and commissioning as an Air Force Officer. Currently, she is in a master’s degree program at the Harvard Kennedy School through the Air Force Institute of Technology’s Civilian Institution Programs. However, Miss America still has the option to attend undergraduate pilot training once she completes her studies. Madison also honors her mother Whitney, who died from pancreatic cancer in 2018, when Madison was just 17 years old. She dedicates her time in the spotlight to raising awareness about pancreatic cancer, both through the founding of the Whitney Marsh Foundation and through supporting the PanCAN charity's initiatives.NEW YORK (AP) — Wall Street is set to break more records Monday as U.S. stocks rise to add to last week’s gains. The S&P 500 was 0.2% higher, as of 3 p.m. Eastern time, and sitting just below its all-time high set two weeks ago. The Dow Jones Industrial Average added 397 points, or 0.9%, to its own record set on Friday, while the Nasdaq composite was 0.1% higher. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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A substantial insider sell was reported on December 23, by Teri Williams , Board Member at CCC Intelligent Solutions CCCS , based on the recent SEC filing. What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, Williams sold 20,000 shares of CCC Intelligent Solutions . The total transaction value is $244,358. At Tuesday morning, CCC Intelligent Solutions shares are up by 0.63%, trading at $11.96. Unveiling the Story Behind CCC Intelligent Solutions CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States. Understanding the Numbers: CCC Intelligent Solutions's Finances Revenue Growth: CCC Intelligent Solutions's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 7.84% . This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector. Holistic Profitability Examination: Gross Margin: The company sets a benchmark with a high gross margin of 76.91% , reflecting superior cost management and profitability compared to its peers. Earnings per Share (EPS): CCC Intelligent Solutions's EPS is below the industry average. The company faced challenges with a current EPS of 0.004566 . This suggests a potential decline in earnings. Debt Management: CCC Intelligent Solutions's debt-to-equity ratio is below the industry average. With a ratio of 0.43 , the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors. Valuation Metrics: A Closer Look Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 169.71 is lower than the industry average, indicating potential undervaluation for the stock. Price to Sales (P/S) Ratio: With a P/S ratio of 8.09 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance. EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 30.29 , CCC Intelligent Solutions presents an attractive value opportunity. Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity. Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm. Uncovering the Importance of Insider Activity Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction. The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise. However, insider sells may not always signal a bearish view and can be influenced by various factors. Important Transaction Codes When analyzing transactions, investors tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company. Check Out The Full List Of CCC Intelligent Solutions's Insider Trades. Insider Buying Alert: Profit from C-Suite Moves Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

In a recent SEC filing, it was revealed that Jennifer L McDonough , EVP at Nordson NDSN , made a noteworthy insider purchase on December 23,. What Happened: In a Form 4 filing on Monday with the U.S. Securities and Exchange Commission , it was disclosed that McDonough bought 1,722 shares of Nordson, amounting to a total of $361,155. Nordson shares are trading up 0.81% at $211.0 at the time of this writing on Tuesday morning. About Nordson Nordson manufactures equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets including packaging, medical, electronics, and industrial. Nordson's business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.7 billion in revenue in its fiscal 2024. Nordson's Financial Performance Positive Revenue Trend: Examining Nordson's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 12.53% as of 31 October, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector. Insights into Profitability: Gross Margin: The company excels with a remarkable gross margin of 54.11% , indicating superior cost efficiency and profitability compared to its industry peers. Earnings per Share (EPS): Nordson's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 2.14 . Debt Management: With a high debt-to-equity ratio of 0.75 , Nordson faces challenges in effectively managing its debt levels, indicating potential financial strain. Exploring Valuation Metrics Landscape: Price to Earnings (P/E) Ratio: Nordson's P/E ratio of 25.81 is below the industry average, suggesting the stock may be undervalued. Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 4.48 , Nordson's stock is perceived as being overvalued in the market, particularly in relation to sales performance. EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): A high EV/EBITDA ratio of 17.44 positions the company as being more valued compared to industry benchmarks. Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges. Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm. Understanding the Significance of Insider Transactions Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors. In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction. Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise. Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors. Cracking Transaction Codes Taking a closer look at transactions, investors often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company. Check Out The Full List Of Nordson's Insider Trades. Insider Buying Alert: Profit from C-Suite Moves Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Stock market losses for Big Tech pull U.S. indexes lowerIndia is set to allow homegrown carriers to use wet leased planes on new routes as the government seeks to address a severe aircraft shortage which is driving up ticket prices and hindering airlines ' expansion plans, people aware of the development said. ET Year-end Special Reads Top 10 equity mutual funds of the year. Do you have any? How India flexed its global power muscles in 2024 2024 was the year India became the talk of America IndiGo and SpiceJet are likely to be immediate beneficiaries of the government move. IndiGo, India's largest carrier, is finalising a leasing arrangement of up to six Boeing 787 jetliners with Norwegian carrier Norse Atlantic, the people said. The government decision will also allow Air India to wet lease planes for starting new flights with the Tata Group airline's much touted turnaround under its new owner getting delayed due to an ageing fleet amid a global aircraft parts shortage. A government official said the change in policy will help carriers mount new routes besides boosting capacity on existing services, helping temper airfares. "Supply of aircraft is tremendously lagging demand due to engine issues and slowdown in delivery. Hence, this change is necessary," the official said. 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Current rules permit airlines to wet lease planes for up to a year. However, the airlines are barred by sector regulator directorate general of civil aviation (DGCA) from using these planes on new routes. More than 100 aircraft are grounded due to unavailability of engines and other spare parts, minister of state for civil aviation Murlidhar Mohol told the Lok Sabha last week. "Across the world, only India barred airlines from launching new routes with wet leases. US, Europe, Australia permit such arrangements. DGCA will ensure that airlines lease planes only from countries which have high safety standards and are in good condition," the government official cited above said. IndiGo, which currently has two Boeing 777 aircraft on wet lease from Turkish Airlines, is planning to start flights to London and Paris with the 787 aircraft from Norway, the officials said. This will help IndiGo expedite its foray into the lucrative India-Europe market which would have otherwise been possible with its new Airbus A350 aircraft whose delivery starts only in 2027. Norse Atlantic has tentatively agreed a wet-lease for six of its Boeing 787s to another carrier, the airline said without disclosing the lessee airline's identity. If the agreement is finalised, two aircraft would be deployed in February and the remaining four in September. IndiGo didn't respond to ET's queries. More than 60 of IndiGo's Airbus A320 and 321 aircraft are grounded as US aerospace company RTX recalled 1,200 Pratt & Whitney engines after it found contamination in the powdered metal used in their manufacturing. IndiGo CEO Pieter Elbers in October said while the airline has managed to reduce the number of grounding from the peak of over 70 aircraft, it will have a little less than 50 grounded planes by March 2025. To tide over the capacity shortage, IndiGo has already wet leased 24 aircraft. This includes 10 Airbus A320 planes, two Boeing 777 and 12 737 Max aircraft. The airline which used to return aircraft after six years has now been forced to deploy them for a longer period amid the shortfall in available fleet. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Why Kaduna is educating underprivileged children, says Buhari-Ado

Matt Gaetz says he won't return to Congress next year after withdrawing name for attorney general WASHINGTON (AP) — Matt Gaetz is not coming back to Congress. The Florida Republican said Friday he has no intention of serving another term in the House now that he is no longer President-elect Donald Trump's nominee for attorney general. Gaetz withdrew as the nominee this week amid growing fallout from the allegations of sexual conduct against him. Gaetz denies the allegations. Gaetz didn't lay out his plans now that he's out of office, saying only, “I’m still going to be in the fight, but it’s going to be from a new perch." After Gaetz's withdrawal on Thursday, Trump named former Florida attorney general Pam Bondi to lead the Justice Department. Vance takes on a more visible transition role, working to boost Trump's most contentious picks WASHINGTON (AP) — After several weeks working behind closed doors, Vice President-elect JD Vance returned to Capitol Hill this week in a new, more visible role. He's been helping Donald Trump’s most contentious Cabinet picks try to win confirmation in the Senate, where he has served for the last two years. Vance spent part of Wednesday at the Capitol with Rep. Matt Gaetz sitting in on meetings with Trump’s controversial choice for attorney general. On Thursday, Vance was back, this time accompanying Pete Hegseth. Vance is expected to accompany other nominees for meetings over the coming weeks as he tries to leverage the two years he has spent in the Senate to help push through Trump’s picks. Beyond evangelicals, Trump and his allies courted smaller faith groups, from the Amish to Chabad Donald Trump’s lock on the white evangelical vote is legendary, but he didn't focus exclusively on large religious voter blocs. He and his allies also wooed smaller religious groups, away from the mainstream. He posted a tribute to Coptic church members on social media and met with members of Assyrians for Trump — two smaller Christian communities with Middle Eastern roots. He visited the grave of the revered late leader of an Orthodox Jewish movement. His allies sought votes from the separatist Amish community. While Trump won decisively, the outreaches reflected aggressive campaigning in what was expected to be a tight race. NATO and Ukraine to hold emergency talks after Russia's attack with new hypersonic missile KYIV, Ukraine (AP) — NATO and Ukraine will hold emergency talks Tuesday after Russia attacked a central city with a hypersonic ballistic missile that escalated the nearly 33-month-old war. Ukraine's parliament canceled a session Friday over the security threat. In a stark warning to the West, President Vladimir Putin said in a nationally televised speech Thursday that the attack with the intermediate-range Oreshnik missile was retaliation for Kyiv’s use of U.S. and British longer-range missiles capable of striking deeper into Russian territory. Putin said Russia is launching production of the Oreshnik, saying it's so powerful that several of them fitted with conventional warheads could be as devastating as a strike with strategic — or nuclear — weapons. Texas education board approves optional Bible-infused curriculum for elementary schools AUSTIN, Texas (AP) — Texas’ education board has voted to allow Bible-infused teachings in elementary schools. The approval Friday follows other Republican-led states that have pushed this year to give religion a larger presence in public classrooms. The curriculum adopted by the Texas State Board of Education is optional for schools to adopt, but they’ll receive additional funding if they do so. Parents and teachers who opposed the curriculum say the lessons will alienate students of other faith backgrounds. Supporters argue the Bible is a core feature of American history and that teaching it will enrich learning. 2 convicted in human smuggling case after Indian family froze to death on US-Canada border FERGUS FALLS, Minn. (AP) — A jury has convicted two men of charges related to human smuggling for their roles in an international operation that led to the deaths of a family of Indian migrants who froze while trying to cross the Canada-U.S. border during a 2022 blizzard. Harshkumar Ramanlal Patel and Steve Shand each faced four charges related to human smuggling before being convicted on Friday. Patel is an Indian national. Shand is an American from Florida. They were arrested after the family froze while trying to cross the desolate border during a 2022 blizzard. Storm inundates Northern California with rain, heavy snow. Thousands remain in the dark in Seattle HEALDSBURG, Calif. (AP) — Heavy rain from a major storm prompted evacuation warnings for communities near a Northern California river that forecasters say could break its banks Friday, as the system continued to dump heavy snow in mountainous areas where some ski resorts opened for the season. The storm reached the Pacific Northwest earlier this week, killing two people and knocking out power to hundreds of thousands before moving through Northern California, where several roads were closed due to flooding and strong winds toppled some trees. Forecasters are warning about the risk of flash flooding and rockslides in areas north of San Francisco as the region was inundated by this season’s strongest atmospheric river. Archaeologists discover 4,000-year-old canals used to fish by predecessors of ancient Maya WASHINGTON (AP) — Using drones and Google Earth imagery, archaeologists have discovered a 4,000-year-old network of earthen canals in what’s now Belize. The research published Friday in Science Advances shows that long before the ancient Maya built temples, their predecessors were already altering the landscape of Central America’s Yucatan peninsula. The ancient fish canals were used to channel and catch freshwater species such as catfish. These structures were used for around 1,000 years — including during the “formative” period when the Maya began to settle in permanent farming villages and a distinctive culture started to emerge. California case is the first confirmed bird flu infection in a US child Health officials are confirming bird flu in a California child — the first reported case in a U.S. minor. The Centers for Disease Control and Prevention announced confirmatory test results on Friday. Officials say the child had mild symptoms, was treated with antiviral medication and is recovering. The child’s infection brings the reported number of U.S. bird flu cases this year to 55, including 29 in California. State officials have said the child lives in Alameda County, which includes Oakland, and attends day care, but released no other details. Brazilian police formally accuse former President Bolsonaro and aides of alleged 2022 coup attempt SAO PAULO (AP) — Brazil’s Federal Police have formally accused former President Jair Bolsonaro and 36 other people of attempting a coup to keep him in office after his electoral defeat in the 2022 elections. The findings are to be delivered Thursday to Brazil’s Supreme Court, which will refer them to Prosecutor-General Paulo Gonet, who will either formally charge Bolsonaro and put the former president on trial or toss the investigation. The former right-wing president has denied all claims he tried to stay in office after his narrow electoral defeat in 2022 to his rival, leftist President Luiz Inácio Lula da Silva. Bolsonaro has faced a series of legal threats since then.

NoneLAS VEGAS — Players Era Festival organizers have done what so many other have tried — bet their fortunes in this city that a big payoff is coming. Such bet are usually bad ones, which is why so many massive casino-resorts have been built on Las Vegas Boulevard. But it doesn't mean the organizers are wrong. They're counting on the minimum of $1 million in guaranteed name, image and likeness money that will go to each of the eight teams competing in the neutral-site tournament that begins Tuesday will create a precedent for other such events. EverWonder Studios CEO Ian Orefice, who co-founded Players with former AND1 CEO Seth Berger, compared this event to last year's inaugural NBA In-Season Tournament that played its semifinals and final in Las Vegas by saying it "did really well to reinvigorate the fan base at the beginning of the year." "We're excited that we're able to really change the paradigm in college basketball on the economics," Orefice said. "But for us, it's about the long term. How do we use the momentum that is launching with the 2024 Players Era Festival and be the catalyst not to change one event, but to change college basketball for the future." Orefice and Berger didn't disclose financial details, but said the event will come close to breaking even this year and that revenue is in eight figures. Orefice said the bulk of the revenue will come from relationships with MGM, TNT Sports and Publicis Sport & Entertainment as well as sponsors that will be announced later. Both organizers said they are so bullish on the tournament's prospects that they already are planning ahead. Money made from this year's event, Orefice said, goes right back into the company. "We're really in this for the long haul," Orefice said. "So we're not looking at it on a one-year basis." Rick Giles is president of the Gazelle Group, which also operates several similar events, including the College Basketball Invitational. He was skeptical the financial numbers would work. Giles said in addition to more than $8 million going to the players, there were other expenses such as the guarantees to the teams. He said he didn't know if the tournament would make up the difference with ticket sales, broadcast rights and sponsorship money. The top bowl of the MGM Grand Garden Arena will be curtained off. "The math is highly challenging," Giles said. "Attendance and ticket revenues are not going to come anywhere close to covering that. They haven't announced any sponsors that I'm aware of. So it all sort of rests with their media deal with Turner and how much capital they want to commit to it to get these players paid." David Carter, a University of Southern California adjunct professor who also runs the Sports Business Group consultancy, said even if the Players isn't a financial success this year, the question is whether there will be enough interest to move forward. "If there is bandwidth for another tournament and if the TV or the streaming ratings are going to be there and people are going to want to attend and companies are going to want to sponsor, then, yeah, it's probably going to work," Carter said. "But it may take them time to gain that traction." Both founders said they initially were met with skepticism about putting together such an event, especially from teams they were interested in inviting. Houston was the first school to commit, first offering an oral pledge early in the year and then signing a contract in April. That created momentum for others to join, and including the No. 6 Cougars, half the field is ranked. "We have the relationships to operate a great event," Berger said. "We had to get coaches over those hurdles, and once they knew that we were real, schools got on board really quickly." The founders worked with the NCAA to make sure the tournament abided by that organization's rules, so players must appear at ancillary events in order to receive NIL money. Strict pay for play is not allowed, though there are incentives for performance. The champion, for example, will receive $1.5 million in NIL money. Now the pressure is on to pull off the event and not create the kind of headlines that can dog it for years to come. "I think everybody in the marketplace is watching what's going to happen (this) week and, more importantly, what happens afterwards," Giles said. "Do the players get paid on a timely basis? And if they do, that means that Turner or somebody has paid way more than the market dictates? And the question will be: Can that continue?" CREIGHTON: P oint guard Steven Ashworth likely won’t play in the No. 21 Bluejays’ game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday and coach Greg McDermott said afterward he didn’t know how long he would be out. Get local news delivered to your inbox!Looking At Qualcomm's Recent Unusual Options Activity

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