Where Westlife are now from breakup and bankruptcy to successful comeback – Birmingham Live

Pop group Westlife are set to take over the Loose Women panel today to celebrate the release of their new album, Wild Dreams.

Just a week after Vernon Kays Loose Men special, the hit ITV daytime show will temporarily rebrand itself as Loose Life as band members Shane Filan, Nicky Byrne, Kian Egan and Mark Feehily host a one-off special.

The regular Loose Women will interview the group before handing over the reins for a quarter of the show.

READ MORE: Where the Great British Bake Off winners are now from Strictly Come Dancing to baking for the Queen

But when did Westlife get back together and who is the bands richest member? Heres everything you need to know.

While Westlifes exact net worth isnt known, it is currently estimated to be around $22 million, with Kian Egan reported to be the bands richest member, according to internet reports.

Forming in 1998, Westlife went on to become one of the top-selling boybands of all time, alongside Take That and Boyzone.

Until their split in 2012, Westlife sold more than 55 million records across the world, releasing 13 albums and going on 12 world tours.

However, in 2012, lead singer Shane Filan was left devastated after his property development company Shafin Developments went bust, leaving him with debts reportedly amounting to 18 million.

Shane was declared bankrupt at Kingston county court in Surrey a month after his company collapsed.

Six years later, Shanes wife Gillian was also declared bankrupt in relation to joint loans she shared with her husband.

Shanes fellow band member Nicky has spoken about Westlifes fortunes in the past, telling the Irish Independent: We have all lost money.

We were all very foolish with money in the early days, we all bought cars and watches - the silly things.

We did very well out of Westlife but everybody lives and spends. In the early days we earned great money, and in the latter days it was all gone.

On October 19, 2011, Westlife announced that they would be splitting after one final album and tour.

In a statement, they described the split as amicable, and explained that they wanted to have a well-earned break and look at new ventures.

On October 3, 2018, Westlife announced on social media that they would be reuniting to release new music and go on tour.

The band released Spectrum in 2019, with the comeback album going on to reach number one and become the fastest selling album of the year in Ireland.

Tickets for Westlifes upcoming Wild Dreams 2022 tour are now on sale.

Loose Life, a one-off Loose Women special, airs on Friday, November 26 at 12.30pm on ITV and ITV Hub

Stay abreast of the latest on days out, nights out, shopping and more with our Daily What's On Email updates.

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Where Westlife are now from breakup and bankruptcy to successful comeback - Birmingham Live

Foreign creditors may soon be in charge of defaulting Indian companies assets – Livemint

NEW DELHI :Representatives of foreign creditors could be in charge of distributing the local assets of defaulting Indian companies in cases where an Indian tribunal recognizes overseas bankruptcy proceedings under New Delhis proposed cross-border insolvency regime.

New rules to be framed under a proposed section in the Insolvency and Bankruptcy Code (IBC) would allow local courts to entrust foreign creditors representatives to distribute these assets once it is satisfied that the interests of creditors in India are adequately protected. This would be one of the benefits to be granted to overseas creditors under the cross-border insolvency regime, said a person familiar with the matter.

Foreign creditors would get this right irrespective of whether the overseas proceeding gets recognized as the main bankruptcy proceedings or as non-main proceedings. If the overseas legal action is recognized as the main proceeding, there would also be a moratorium on other recovery action in India by creditors.

The new section will also apply to Indian lenders requiring assistance in another country for their IBC proceedings against Indian businesses and corporate guarantors with overseas assets. This would be a major shot in the arm for lenders fighting promoters who shift funds out of the company by manipulating books. One key corporate governance challenge for regulators and lenders is the diversion of funds from a company with public interest to a firm closely held by major shareholders.

Whenever a notice is to be issued to creditors of a defaulter, overseas creditors will also be kept in the loop. The government is conducting public consultation till 15 December before a bill for further amending the IBC is placed before Parliament.

The Insolvency and Bankruptcy Board of India (IBBI), the regulator, would make regulations under the new regime for a principle-based, light-touch code of conduct for the representatives of foreign creditors. It will also provide for investigation and disciplinary action against misconduct by foreign representatives.

The proposed new part of the IBC to deal with the failure of businesses with assets and liabilities in multiple markets marks a major improvement in the scope of IBC. This is a much-awaited requirement that will strengthen the insolvency resolution regime in India, experts said.

Being part of the global economy and trade, it is only justifiable that we adopt the international framework widely used by more than 50 countries with appropriate amendments. It is proposed to cover corporate borrowers and personal guarantors and this will help in global asset tracing and recoveries for Indian creditors," said Ashish Chhawchharia, resolution professional and partner at Grant Thornton Bharat.

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Foreign creditors may soon be in charge of defaulting Indian companies assets - Livemint

Evergrande’s bankruptcy still just a matter of time – Asia Times

The potential for Chinas Evergrande Group to finally go bankrupt is still high despite recent progress made in selling assets and paying down debts, analysts and commentators say.

The Shenzhen-based property developer saw its contracted sales collapse by about 90% year-on-year in September and October, the traditional high sales season for Chinese property markets.

The company also suffered from a property market down cycle where 21 lower-tier cities, where most of Evergrandes property projects are situated, announced market-intervening measures last month to limit price reductions. Those caps are reportedly contributing to Evergrandes cash-flow problems by reducing its ability to slash prices to facilitate sales.

At the same time, a 2.8 billion Evergrande share stake worth about US$1 billion, appeared in Hong Kongs Central Clearing and Settlement System (CCASS) last Friday, indicating that company chairman Hui Ka-yan may be pledging part of his stake as collateral for loans, media reported.The stake was reported to CCASS by Haitong International Securities Co.

Hui and his wife own more than 76.69% of Evergrandes outstanding shares. On October 8, Hui, through Xin Xin (BVI) Limited,pledged 500 million Evergrande shares to a third party by providing share rights as a guarantee to persons other than qualified lenders. On October 12, Haitongs CCASS holdings in Evergrande increased by 500 million shares.

Evergrande has faced a liquidity shortage since its plan to go public in Shanghai was scrapped last year. Chinese financial regulators also announced three red lines to forbid heavily indebted property developers from borrowing money from banks until they lower their gearing ratios.

With worse-than-expected contract sales in the first half, Evergrande failed to pay for the construction of many of its real estate projects. The suspension of construction sent Evergrande into a vicious cycle in which the company could not generate revenue to pay creditors and holders of its wealth management products.

Between September 23 and October 11, Evergrande failed to pay interest of $276.5 million to global investors who hold its bonds. The company finally made payments by the end of the 30-day grace period to avoid an immediate default. It was reported that Hui settled the payments with his own funds.

Evergrande will be removed from the Hang Seng China Enterprises Index (HSCEI) from December 6, according to a statement released by the Hang Seng Indexes Co Ltd, a wholly-owned subsidiary of Hang Seng Bank, last Friday.

On November 17, Evergrandes weighting in the HSCEI was only 0.07%, compared with Meituans 9.41%, Tencents 8.47% and Alibabas 7.98%. Evergrandes shares fell 1.08% at HK$2.75 on Monday. They are down 83% from HK$16.28 a year ago.

Meanwhile, credit rating agencies continue to issue warnings. S&P Global Ratings said in a recent research report that Evergrandes debt crisis had not yet ended and that the bigger test would come when $3.5 billion comes due for US dollar-denominated notes in March and April next year.

We still believe an Evergrande default is highly likely, said analysts at S&P Global Ratings. The firm has lost the capacity to sell new homes, which means its main business model is effectively defunct. This makes full repayment of its debts unlikely.

On September 3, Evergrande said its contracted sales decreased 26% to 38.08 billion yuan ($4.89 billion) in August from a year ago. It said its August sales included amounts offset through the sales of property units to suppliers and contractors.

In the first eight months of this year, the companys contracted sales fell 2.7% to 438.65 billion yuan from the same period in 2020.

Although the company did not announce its contracted sales in September and October, it could have only generated revenue of 17 billion yuan in September and 2.9 billion yuan in October from property sales, according to China Index Academy, a Beijing-based real estate data provider. The combined revenue in the two months was down 89% from the same period of 2020.

Last month, Evergrande tried to replenish its foreign exchange by offering to sell its Hong Kong headquarters building in Wan Chai district to Chinese state-owned Yuexiu Property for $1.7 billion. But Yuexiu Property pulled out of the deal, fearing that Evergrandes debt problems would undermine the transaction.

On October 20, Evergrande said it had scrapped its plan to sell a 50.1% stake in Evergrande Property Services Group to Hopson Development Holdings. The deal, if it had gone through, could have provided Evergrande net cash of HK$20 billion ($2.57 billion) on October 12.

On November 16, China Business News, or Yicai.com, reported that Hui had personally injected 7 billion yuan into his company since July 1. The report said that Hui had already sold three luxury apartments in Hong Kong and several private jets, and planned to sell two more luxury flats in Shenzhen and Guangzhou.

On the same day, the company announced that it had agreed to sell all of its remaining 18% stake in HengTen Networks Group, which operates an online video platform, for HK$2.13 billion, or HK$1.28 per share, to a company owned by mainland investor Li Shaoyu. The selling price represented a 24% discount on the closing price of the Hong Kong-listed HengTen on November 17.

Prior to this, Evergrande had already sold a 19.55% stake in HengTen for HK$4.37 billion. Shares of HengTen had gained 72% to close at HK$2.9 on Monday from November 17.

On November 20, Yicai.com, a Chinese financial news media, said more and more lower-tier Chinese cities were facing a down cycle in their property markets.

Since October 12, at least 21 local governments in third and fourth-tier cities, including Shenyang and Kunming, have launched new measures to forbid property developers from cutting their selling prices by more than 15% from market levels. When selling flats in the same building, developers are not allowed to cut prices by more than 5% from the previous quarter.

Zhang Bo, chief analyst at 58 Anjuke Institute, a research unit of the property marketplace Anjuke.com, said property prices in lower-tier cities had fallen rapidly in recent months, forcing local governments to limit price cuts. Zhang said many local property developers wanted to replenish their cash flow by offering discounts to homebuyers, creating a huge price pressure on the markets.

Zhang added that some property developers paid their contractors in property units due to a lack of cash. He said these contractors then sold these apartments to homebuyers at big discounts, adding more price pressure on the markets. Fortunately, he said, these price pressures had not yet spread to the first and second-tier cities.

It is still unclear whether Evergrande would be able to boost its contracted sales or sell more assets in the coming few months. On October 22, Hui said in an internal meeting that the companys annual property sales would be gradually reduced to 200 billion yuan within the coming decade from 700 billion yuan in the past.

He said Evergrande would allocate more resources to its e-vehicle businesses in the next 10 years.

Read: Evergrande staves off default with dollar bond payment

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Evergrande's bankruptcy still just a matter of time - Asia Times

Opinion: In appreciation of Neil E. Harl making farm credit work for everybody – Ames Tribune

John Blanchfield| Guest columnist

Reading about the recent passing of Professor Neil Harl caused me to reflect back on my 40 years in agricultural banking, 25spent at the American Bankers Association in Washington. While Professor Harls obituary mentioned his involvement in the farm debt crisis of the 1980s, it failed to mention what was perhaps his most lasting achievement, creation by Congress in 1986 of a special chapter of bankruptcy for family farmers know as Chapter 12.

Professor Harl created the intellectual framework that allowed members of Congress to envision how such a provision could work. He recognized early on that farmers, after being hit by a triple whammy in the early 1980s; high interest rates, the resulting collapse of farm asset values, and the collapse of commodity prices following the Russian Grain Embargo in 1980, that many of them had more debt than they could ever repay. Farmers who were going out of business in the Heartland at an alarming rate. Farmers were committing suicide. Open conflict developed between farmers and their bankers, and in some cases bankers were murdered. A full-blown crisis had developed.

More: Wendy Wintersteen: Neil Harl's distinctive voice will echo at Iowa State

More: Neil Harl, ISU economist and lawyer who pushed to save farms during 1980s crisis, dies at 88

Being an attorney, Professor Harl was very aware that large businesses were able to reorganize their operations by utilizing Chapter 11 of the US Bankruptcy code. By reorganizing, they were able to get debt written off, repayment terms lengthened, and in some cases interest rates lowered. Many businesses during the 1970s and 1980s successfully used Chapter 11, or the threat of filing bankruptcy to bring their creditors and their suppliers to the table to negotiate a reorganization plan. Chrysler was perhaps the most famous example at the time with a threat to go into bankruptcy in 1979 resulting in federal assistance that helped them continue as a going concern.

While farmers at the time had the option of filing Chapter 11 bankruptcy, Professor Harl and others recognized that it was far too expensive and far too time consuming for a family farmer to successfully reorganize under Chapter 11. He came up with the idea of a special chapter of the US Bankruptcy code specifically for family farmers (family fishermen were included in the enabling legislation).

Features of the legislation included a lower cost of filing, a court appointed trustee, a promise of a rapid turnaround, a requirement that those filing were indeed family farmers as evidenced by a cap on total debt and how much debt came from their farming operation. The most potent feature of the legislation was a cramdown provision that allowed the farmer to argue, in court, what the current market value of the farm was and if that number was lower than the debt owed against it, the court had the power to order the unsecured portion of the debt to be written off.

Understandably the cramdown provision was the bone that stuck in the throats of all those who had loaned money to farmers that was secured by their real estate. Despite the objection of the banking industry, Congress pushed ahead with the legislation and it went into effect on Nov.26, 1986. Over the years Chapter 12 has been expanded. In addition, Chapter 12 was supposed to sunset at a particular date, but that too was removed, and 35years after enactment Chapter 12 is still on the books.

Chapter 12 never lived up to the hype that surrounded it when it was debated and when it became law. It did help some farmers successfully reorganize and continue farming. But the promise that it would get farmers into and out of Bankruptcy Court quickly never materialized. On the bankersside, the cramdown provision did result in some real losses. As a result, Chapter 12 might have made it harder for some farmers to get credit because some bankers were loath to consider deals that were less than perfect. But over time, bankers overcame their fears and today the banking industry has over 50% of the farm credit market.

So, given the uneven success that Chapter 12 has had, why were Professor Harls contributions so pivotal in helping to settle the farm credit crisis of the 1980s? With the creation of Chapter 12, farmers and their lenders were driven to seek solutions before and/or without going to court. The existence of Chapter 12 brought both parties to the table. These table top bankruptcies enabled bankers and their customers to come to terms knowing that failure to do so would end up with both parties in court, with the knowledge that Chapter 12 was a huge pain to deal with. Shortly after Chapter 12 was enacted, the USDA, Farmers Home Administration began voluntarily writing down debt that was uncollectable. While lender losses were great at the time, Professor Harls contribution was that he unblocked the farm debt logjam. By finally coming to terms with the fact that much farm debt from that period was uncollectable, the agricultural credit system thawed and the farm economy recovered.

Finally, Professor Harl was instrumental in de-stigmatizing farm bankruptcy. The literature of the 1980s farm debt crisis in filled with stories about farmer suicides and banker killings. By removing the stigma of business reorganization, many farmers were able to successfully continue their operations or, at least, exit from farming with something. In either case, lives were saved and for that we owe a huge debt to Neil E. Harl.

John Blanchfield directed the Center for Agricultural and Rural Banking at the American Bankers Association in Washington, DC for 25 years.

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Opinion: In appreciation of Neil E. Harl making farm credit work for everybody - Ames Tribune

Trainer hit with bankruptcy and forced to muck out completes remarkable comeback with Cheltenham and… – The Sun

AS the saying goes where theres muck, theres brass.

And it took a whole lot of sh*t-shovelling and graft for Milton Harris to dig himself out of bankruptcy hell and rebuild his training career.

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Now he has a lively contender for the 250,000 Ladbrokes Trophy in Danny Whizzbang, who can continue a remarkable rise in fortunes for west country-based Harris.

Winners at Cheltenham and Aintree this season have put his team back on the map after a torrid spell.

The 62-year-old, who had amassed 172 winners over a ten-year career, declared himself bankrupt in 2011 and had his licence taken away.

He tried and failed on two occasions to be let back into the training ranks.

Only after a seven-year spell in the dark did the BHA finally relent and Harris made the move from the Cotswolds to his new home in Warminster, Wiltshire with just two members of staff and a handful of moderate horses.

He said: It has been hard work. The staff rode the horses and I mucked out every box on my own.

It wasnt easy, I was doing the dirty work every day as we had no choice.

It was a tricky time, I wouldnt want to go there again. It was hard for me personally, emotionally and financially.

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You wouldnt have wished it on your enemy.

But you try not to let it knock you down. You have to get up and get on with it.

Did I do some things wrong? Yes. I have no bitterness towards the BHA as they have a thankless task, but sometimes you do question whether its something else youve done.

Having spent so long on the sidelines, the comeback was never going to be straightforward. Was Harris always planning to get back in the game?

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Oh God, yes, he answered before the question was close to being finished.

I was always going to come back, the only reason I wouldnt have was if the BHA didnt let me. I never went away, I stayed in the industry as much as I could. I managed horses for a few people, but it wasnt rewarding, especially not financially. I was struggling.

I never left the industry but people do forget about you and it wasnt easy getting back into the swing of things.

Already on 28 winners for the campaign, Harris is a shoo-in to beat his previous best of 32 with more than five months of the season to run.

Stable star Knight Salute has already notched a Grade 2 at Cheltenham and his trainer thinks hes the real deal, with Aintree winner Legionar another youngster he has high praise for.

After what hes been through, most would be satisfied with a full yard of horses and a growing team, but Harris wants more. He said: Weve got 52 stables and were full, we have about 60 in with a few in the fields and what not. But it wasnt always like that, far from it.

Im very grateful, Im a hardy b*****d, but Im grateful for where we are and thats only possible because of loyalty and working bloody hard.

In my last full season before the ban I finished 22nd in the championship, out of about 650 which I would say is in the Premier League the relegation zone!

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Now were back in that position, Id like to think, but weve got to get ourselves in Europe as they say. Thats hard with the horses we have, we dont pay a lot of money for the ones in but were doing our best to get there.

The phone is ringing a hell of a lot more, that wouldnt have happened 18 months ago.

Its lovely, but you cant lose sight of the fact you need to train winners the bubble can quickly burst, as we know.

Danny Whizzbang was bought cheaply from Paul Nicholls and will make his first start for Harris in the Newbury feature.

A Grade 2 winner at the track, hes no lost cause and the Harris horses could not be in better form. The trainer said: He was 50-1 when the race first came out, now hes shortened up into about 33-1 and I expect hell be about 25-1 before the off.

I have a feeling he might be the kind of horse to catch fresh. I feel like while the horses are healthy we have to have a shot.

Hes not a sexy workhorse, but boy hes fit, his blood count is perfect and were going to put a bit of headgear on him.

Paul is a good friend of mine. Youre never going to improve one of his massively so we need to try and change something. A change of scenery can sometimes be enough to do the trick.

To even have a runner in a race like this is something. God forbid he runs a good race!

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Trainer hit with bankruptcy and forced to muck out completes remarkable comeback with Cheltenham and... - The Sun

Avianca to reoffer jobs to around 100 pilots amid restructuring – Reuters

A departing Avianca Airlines flight is seen on the tarmac during the reopening ceremony at the Mons. Oscar Arnulfo Romero International Airport, in San Luis Talpa, El Salvador September 19, 2020. REUTERS/Jose Cabezas/File Photo

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BOGOTA, Nov 25 (Reuters) - Airline Avianca Holdings, which is in the process of finishing a restructuring process under Chapter 11 bankruptcy, is to offer around 100 pilots who left the company following a strike in 2017 the chance to rejoin the company, it said on Thursday.

"Without doubt, today we mark a milestone in our history and this is a golden opportunity to start from scratch, to strengthen teamwork and build the Avianca we all need," said the company's chief executive and president, Adrian Neuhauser.

The airline struggled with a 51-day pilots' strike between September and November 2017, grounding half its fleet and resulting in dozens of pilots being fired, while others resigned or were pensioned off.

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The plan will permit the airline to operate more than 200 direct routes with its fleet of more than 130 aircraft by 2025, it said.

The pilots who return to Avianca will do so under the same conditions that were agreed with pilots in 2020, while the company plans to start a training program that exceeds the requirements of aeronautical regulations.

Avianca filed for Chapter 11 bankruptcy after being battered by the coronavirus pandemic. A court in the United States approved the company's restructuring plan in November.

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Reporting by Luis Jaime AcostaWriting by Oliver GriffinEditing by Jonathan Oatis

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Avianca to reoffer jobs to around 100 pilots amid restructuring - Reuters

No one seems to like the Lincoln Project anymore – Politico

It is incredibly important that we all head into the upcoming elections with a level of humility and fresh eyes about what the political landscape is going to look like, Petkanas added. It would be a mistake to know for certain who is easier to beat than somebody else. Weve all seen this movie before and they occasionally have a twist ending.

Officials working for the Lincoln Project contend theyre simply being practical even shrewd about the new political climate, in which Trump is likely to be the GOP nominee anyway and brass-knuckle tactics are now the norm.

President Joe Biden even called one of the Lincoln Project co-founders Steve Schmidt after the 2020 election to say thank you for the groups work helping him get elected, according to a person familiar. The White House did not comment.

But a year after delighting liberals with their insistence on bringing guns to a gunfight, operatives across the spectrum now say the group is, at best, ineffective and prodigal, at worst, counterproductive. In particular, fellow never-Trumpers and moderate Republicans have recoiled at Lincoln Project co-founder Rick Wilsons recent encouragement of a Trump presidential run in 2024.

I think this is the mother of bad ideas, said conservative commentator and Trump critic Charlie Sykes. But also the father, brother, sister, and cousin of a truly bad idea. [It] ignores the fact that Trump could actually be elected again, and you wouldve thought we had all learned our lesson from playing games with that possibility the last time.

Sarah Longwell, a Republican strategist and Trump critic who started Defending Democracy Together, joined in a chorus of other anti-Trump Republicans baffled by Wilsons strategy.

It would be a high-impact event on our democracy if Trump were reelected and you want to do everything you can to keep him from getting one step closer, Longwell said. The best way to ensure Trump doesn't win the election 2024 is to make sure he doesnt become the nominee.

In an interview with POLITICO, Wilson defended his position by arguing that Trumpism was a greater problem now than just Trump himself. He pointed to his response on Twitter and added that the idea that he actually wants the 45th president to run again is risible.

Its not that I want [Trump] to be here, Id love for him to be eaten by a shark tomorrow, Wilson said. I want Trump to run to destroy the people who are more sophisticated than Trump. I want to use Trumps psychological problems to weaken him because I think the most dangerous thing we face is Trump with an Ivy League degree. All the abrasive authoritarianism and nationalism and none of the obvious deficits.

The Lincoln Project was started in 2019 by a number of prominent Republican operatives who opposed Trumps presidency and feared the direction their party was taking. They faced charges of self-dealing and ineffectualness both of which they heartedly dismissed. And along the way, the group raised tens of millions of dollars, in large part because of the splashy web and TV ads it ran going after the sitting president and his family in visceral, personal ways.

The post-Trump presidency has been a more difficult era. The group was rocked by the allegations that co-founder John Weaver sexually harassed young men, and finger-pointing over the fallout has lasted for months. A law firm, Paul Hastings LLP, hired by the Lincoln Project found no evidence that anyone at The Lincoln Project was aware of any inappropriate communications with any underage individuals at any time prior to the publication of those news reports. Critics have questioned the independence of that inquiry.

There are questions about who remains in the group and directs day-to-day strategy. There have been internal frustrations over resources being put toward things such as an online streaming show. After the scandal involving Weaver went public, one of the co-founders, Jennifer Horn, as well as fellow officials or advisers Kurt Bardella, Ron Steslow, Mike Madrid, and George Conway all resigned, with some publicly calling for the group to be permanently shuttered.

Currently, the groups website names co-founders Rick Wilson and Reed Galen, Tara Setmayer, Stuart Stevens and Steve Schmidt as involved in the project, although it is unclear how involved some remain. Two people close to the group said there have been internal tensions and disputes with Schmidt, who resigned from the board of the Lincoln Project after the sexual misconduct charges against Weaver surfaced.

Ryan Wiggins, a spokesperson for the Lincoln Project, said the streaming shows garner hundreds of thousands of viewers each week and provide a unique, innovative connection to our millions of supporters. Also, the podcast has over 1 million downloads/month.

Theres no question as to who runs the day-to-day or the strategy. Rick Wilson, Reed Galen, [Stuart] Stevens and Joe Trippi run the strategy. The day-to-day is managed by our incredible team. Anyone who doesnt know that doesnt spend anytime watching and/or listening to us, Wiggins said.

Schmidt reappeared months later vowing for the group to fight on. But he also tore into the organization for being recklessly stupid and dishonest for the stunt involving actors posing as Charlottesville white nationalist protesters at a stop made by incoming Virginia Gov. Glenn Youngkin.

A McAuliffe adviser conceded that the Lincoln Projects ads in the governors race were solid, but echoed Schmidts assessment, saying the Charlottesville stunt backfired so spectacularly at least in the cable news-social media bubble that the groups involvement was altogether unhelpful.

More broadly, Democrats who once saw the Lincoln Project as a helpful compliment to their efforts to defeat Trump now view the group as a distraction and a drain of broader campaign funds.

When it first started, I was like, This is so great. I love it, said Tim Lim, a veteran Democratic digital strategist. Now, Lim added, Most of the left is not sure why they're still around. Thats the prognosis in story after story, and its been brutal for them.

With fewer allies and Trump off the ballot, the Lincoln Project has suffered financially. In the first half of 2021, the most recent figures available, the group raised $4.8 million and spent $8.7 million, an exceedingly high burn rate. But digital strategists predicted that the organization, with its robust email list, could survive down cycles. The idea that its so far been able to withstand so much scandal and infighting has surprised people familiar with the dynamics, including several who believe the Lincoln Project long exceeded its expiration point.

Still, the group has a formidable online following, boasting just as many Twitter followers as the Republican National Committee at 2.7 million followers, for example. And those involved with the group say their daily work and mission is simply different without Trump on the ballot right now.

The group has made the case for its relevance by getting involved in down-ballot races. It tried, unsuccessfully, to tie Youngkin to Trump and has gone after lawmakers who have spread election fraud lies. But theyve also continued going after the 45th president as part of a campaign it often describes as political psy-ops. The group also aired ads in Trumps getaways of Bedminster, N.J., and Palm Beach, Fla., taunting him, and they have plans to play an active role in the upcoming midterm elections.

Even though Trump has not officially announced any plans to jump in the 2024 race, Wilson said the group remains relevant because they understand how to attack the vertical power structure of Trump in the Republican Party.

No one is here because its comfortable and fun or a great way to make new friends, we work a hard job against very tough people and bad guys who spend a lot of money attacking us and the individuals inside the Lincoln Project, Wilson said. Are we perfect? Of course not and we own those mistakes but what we do is fill a gap in the pro-democracy movement and we show people how to fight.

In interviews, two big Republican donors to the organization defended its work, both contending that the mere threat of Trump returning to the national stage and the likely impacts on American democracy itself make their support worthwhile. One stressed that Lincoln Projects work on so-called moveable voters college-educated people and suburban women went far beyond the TV and digital ads. But two operatives with insight into its operations said its mostly surviving off of small-dollar donors, thanks to that massive email list and its ability to generate internet buzz.

Despite the intense focus on rattling Trump, people close to the former president say he hasnt been moved by Lincoln Projects recent attacks. But he and his allies still delight in taking digs at the organization.

In a statement, a spokesperson for Trump said the Lincoln Project was a sad group. Democrats are abandoning the group not just because theyve been terribly ineffective, but because they are worried that the last shoe has not dropped. Yikes!

There is an obvious self-interest to Trump worlds gloating over Lincoln Projects troubles. But the general criticism that the organization has veered from its overall mission and is beset by controversy is shared elsewhere, including by those once involved with it. Now, some never-Trumpers wonder where their efforts fit in the broader Republican party.

As far as never-Trumpers are concerned, its a problem, people like us are without a home, we dont have influence in the party, and even the best people who are taking a stand are taking huge political risks, like Liz Cheney, who wasnt even a never-Trumper until Jan. 6, said former Lincoln Project leader and vocal Trump critic George Conway. Forming a third party is a non-starter because the research has all shown a third party would help Trump. So its a conundrum, and I don't know how its going to play out.

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No one seems to like the Lincoln Project anymore - Politico

Elon Musk | Biography, SpaceX, Tesla, & Facts | Britannica

Top Questions

When was Elon Musk born?

Elon Musk was born on June 28, 1971.

How did Elon Musk become famous?

Elon Musk cofounded the electronic payment firm PayPal and founded the spacecraft company SpaceX. He became chief executive officer of the electric-car maker Tesla.

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What did Elon Musk accomplish?

Elon Musk founded SpaceX, a company that makes rockets and spacecraft. He became the chief executive officer and a major funder of Tesla, which makes electric cars.

Elon Musk, (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment firm PayPal and formed SpaceX, maker of launch vehicles and spacecraft. He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla.

Musk was born to a South African father and a Canadian mother. He displayed an early talent for computers and entrepreneurship. At age 12 he created a video game and sold it to a computer magazine. In 1988, after obtaining a Canadian passport, Musk left South Africa because he was unwilling to support apartheid through compulsory military service and because he sought the greater economic opportunities available in the United States.

Musk attended Queens University in Kingston, Ontario, and in 1992 he transferred to the University of Pennsylvania, Philadelphia, where he received bachelors degrees in physics and economics in 1997. He enrolled in graduate school in physics at Stanford University in California, but he left after only two days because he felt that the Internet had much more potential to change society than work in physics. In 1995 he founded Zip2, a company that provided maps and business directories to online newspapers. In 1999 Zip2 was bought by the computer manufacturer Compaq for $307 million, and Musk then founded an online financial services company, X.com, which later became PayPal, which specialized in transferring money online. The online auction eBay bought PayPal in 2002 for $1.5 billion.

Witness the successful launch of the SpaceX Dragon capsule, May 25, 2012

Video released by spacecraft maker SpaceX celebrating its Dragon capsule, which on May 25, 2012, became the first commercial spacecraft to dock with the International Space Station.

Musk was long convinced that for life to survive, humanity has to become a multiplanet species. However, he was dissatisfied with the great expense of rocket launchers. In 2002 he founded Space Exploration Technologies (SpaceX) to make more affordable rockets. Its first two rockets were the Falcon 1 (first launched in 2006) and the larger Falcon 9 (first launched in 2010), which were designed to cost much less than competing rockets. A third rocket, the Falcon Heavy (first launched in 2018), was designed to carry 117,000 pounds (53,000 kg) to orbit, nearly twice as much as its largest competitor, the Boeing Companys Delta IV Heavy, for one-third the cost. SpaceX has announced the successor to the Falcon 9 and the Falcon Heavy: the Super HeavyStarship system. The Super Heavy first stage would be capable of lifting 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft designed for providing fast transportation between cities on Earth and building bases on the Moon and Mars. SpaceX also developed the Dragon spacecraft, which carries supplies to the International Space Station (ISS). Dragon can carry as many as seven astronauts, and it had a crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk sought to reduce the expense of spaceflight by developing a fully reusable rocket that could lift off and return to the pad it launched from. Beginning in 2012, SpaceXs Grasshopper rocket made several short flights to test such technology. In addition to being CEO of SpaceX, Musk was also chief designer in building the Falcon rockets, Dragon, and Grasshopper.

Musk had long been interested in the possibilities of electric cars, and in 2004 he became one of the major funders of Tesla Motors (later renamed Tesla), an electric car company founded by entrepreneurs Martin Eberhard and Marc Tarpenning. In 2006 Tesla introduced its first car, the Roadster, which could travel 245 miles (394 km) on a single charge. Unlike most previous electric vehicles, which Musk thought were stodgy and uninteresting, it was a sports car that could go from 0 to 60 miles (97 km) per hour in less than four seconds. In 2010 the companys initial public offering raised about $226 million. Two years later Tesla introduced the Model S sedan, which was acclaimed by automotive critics for its performance and design. The company won further praise for its Model X luxury SUV, which went on the market in 2015. The Model 3, a less-expensive vehicle, went into production in 2017.

Elon Musk, 2010.

Musk expressed reservations about Tesla being publicly traded, and in August 2018 he made a series of tweets about taking the company private, noting that he had secured funding. The following month the U.S. Securities and Exchange Commission (SEC) sued Musk for securities fraud, alleging that the tweets were false and misleading. Shortly thereafter Teslas board rejected the SECs proposed settlement, reportedly because Musk had threatened to resign. However, the news sent Tesla stock plummeting, and a harsher deal was ultimately accepted. Its terms included Musk stepping down as chairman for three years, though he was allowed to continue as CEO.

Dissatisfied with the projected cost ($68 billion) of a high-speed rail system in California, Musk in 2013 proposed an alternate faster system, the Hyperloop, a pneumatic tube in which a pod carrying 28 passengers would travel the 350 miles (560 km) between Los Angeles and San Francisco in 35 minutes at a top speed of 760 miles (1,220 km) per hour, nearly the speed of sound. Musk claimed that the Hyperloop would cost only $6 billion and that, with the pods departing every two minutes on average, the system could accommodate the six million people who travel that route every year. However, he stated that, between running SpaceX and Tesla, he could not devote time to the Hyperloops development.

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Elon Musk sold another $1 billion in Tesla shares on Tuesday

SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla's gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021.

Michele Tantussi | Reuters

Tesla CEO Elon Musk sold about $1.05 billion in stock on Tuesday evening, according to financial filings postedthis week. The sales were scheduled in September to exercise options that were set to expire in 2022.

Musk has sold a total of $9.85 billion in Tesla stock this month, including the $6.9 billion he sold the week of Nov. 10 and another $1.9 billion he sold on Nov. 15 and Nov. 16. Some of the shares were sold in part to satisfy tax obligations related to an exercise of stock options.

Musk and his trust still hold more than 169 million shares in the company.

Tesla shares fell 15.4% the week ended Nov. 12, marking the worst week for Tesla stock in 20 months after Musk began selling shares. Shares of Tesla were up about 1% on Wednesday afternoon.

Musk ran an informal Twitter poll on Nov. 6 asking his more than 60 million Twitter followers whether or not he should sell 10% of his Tesla stock. The poll ultimately ended with users telling Musk to sell.

But, Musk had already indicated earlier this year he was likely to sell "a huge block" of his options in the fourth quarter. During anappearance at the Code Conferencein September, he said when his stock options expire at Tesla, his marginal tax rate would be over 50%.

CNBC's Lora Kolodny contributed to this report.

Subscribe to CNBC on YouTube.

Correction: Updated to reflect shares of Tesla fell 15.4% for the week ended Nov. 12, not the week ended Nov. 19.

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Elon Musk sold another $1 billion in Tesla shares on Tuesday

Company melts $58,000 Teslas into busts of Elon Musk that look nothing like him – Business Insider

A Russia-based luxury accessory company is selling eight-inch-tall busts of Tesla CEO Elon Musk, which it says are made from the melted-down parts of a Tesla electric car.

The sculptures, though, bear little resemblance to the world's richest man.

The brand, Caviar, usually makes luxury smartphones. In a press release, the company said it made 27 Musk busts as part of a limited-edition set. Each one is worth $2,700, said Caviar, though its website lists the bust at $3,220.

"These new items embody the soul of Elon Musk and, therefore, they will bring their owners the success and creativity of this outstanding individual," wrote company founder Sergey Kitov in the release.

The bust material comes from the metal of a blue Tesla Model 3 (which has a starting price in Russia of around $58,000), Head of Marketing Dmitrey Stoliarov told Insider.

Stoliarov said the sculpture's likeness of Musk was crafted by a 3D artist hired by Caviar. "We didn't download it from the internet," he said.

When asked about the discrepancies between the bust design and Musk's appearance, Stoliarov said: "Our artist did not pursue the goal of creating photographic accuracy. He created an image of the inventor in which all his achievements and inventions are reflected."

As to how many busts have been sold so far, Stoliarov said sales had just started.

The company is also selling iPhone 13 Pro and iPhone 13 Max designs made from Tesla parts, starting at $5,600 a piece, it said. The designs feature a portrait of Musk on the top right corner, with an engraving made from the copper of a Tesla battery.

Only 99 such phones will be available worldwide, Caviar said.

The phone designs and statues are part of its Visionaries collection, which also include (more recognizable) busts of Alibaba founder Jack Ma and the late Apple magnate Steve Jobs, selling at $1,990 and $1,680 respectively. These busts are made of nickel-plated brass.

"We want our customers to look at the desktop bust of Elon Musk or Steve Jobs and their customized iPhone and be inspired by their example every day and build their own future," Stoliarov said.

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Company melts $58,000 Teslas into busts of Elon Musk that look nothing like him - Business Insider

Elon Musk sold another $1 billion in Tesla shares on Tuesday – CNBC

SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla's gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021.

Michele Tantussi | Reuters

Tesla CEO Elon Musk sold about $1.05 billion in stock on Tuesday evening, according to financial filings postedthis week. The sales were scheduled in September to exercise options that were set to expire in 2022.

Musk has sold a total of $9.85 billion in Tesla stock this month, including the $6.9 billion he sold the week of Nov. 10 and another $1.9 billion he sold on Nov. 15 and Nov. 16. Some of the shares were sold in part to satisfy tax obligations related to an exercise of stock options.

Musk and his trust still hold more than 169 million shares in the company.

Tesla shares fell 15.4% the week ended Nov. 12, marking the worst week for Tesla stock in 20 months after Musk began selling shares. Shares of Tesla were up about 1% on Wednesday afternoon.

Musk ran an informal Twitter poll on Nov. 6 asking his more than 60 million Twitter followers whether or not he should sell 10% of his Tesla stock. The poll ultimately ended with users telling Musk to sell.

But, Musk had already indicated earlier this year he was likely to sell "a huge block" of his options in the fourth quarter. During anappearance at the Code Conferencein September, he said when his stock options expire at Tesla, his marginal tax rate would be over 50%.

CNBC's Lora Kolodny contributed to this report.

Subscribe to CNBC on YouTube.

Correction: Updated to reflect shares of Tesla fell 15.4% for the week ended Nov. 12, not the week ended Nov. 19.

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Elon Musk sold another $1 billion in Tesla shares on Tuesday - CNBC

Elon Musk Supports View That Dogecoin Hodlers Need To Be Wary Of Leveraged Trading – Benzinga – Benzinga

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk recently responded to a tweet that called attention to the dangers and pitfalls of leveraged Dogecoin (CRYPTO: DOGE) trading.

Musk was reacting to a post by Twitter user Mishaboar.

Mishaboar tweeted that some holders of the meme cryptocurrency started asking for help after their margin accounts got liquidated.

He mentioned that educating people about risky leveraged trading was important, and compared taking on theadditional risk to adding gasoline to the fire.

"Experienced traders and those with vast amounts of liquidity can try their chance at gambling with this. But believe me, many are not as "experienced" as they think they are," Mishaboartweeted. "You are against organizations and institutional investors that have a lot more information than you do."

Mishaboar wrote, "These tools are already dangerous in traditional markets. However, in the crypto market, which is vastly unregulated, the risks and unfairness are multiplied x100."

"Again: it is playing Russian roulette against the guy who made the gun and knows exactly which chamber holds the bullet," he added.

Musk reacted to the tweet and said, "Good thread."

Last week Musk backed another perspective on Dogecoin, saying it should break its dependence on centralized exchanges like Robinhood Markets Inc. (NASDAQ:HOOD) and Binance.

Binance and Robinhood are some of the cryptocurrency exchanges that support Dogecoin. These exchanges allow users to buy and sell coins using fiat or other cryptocurrencies.

Related Link:Whales Are Buying Dogecoin, The Meme Crypto Ranks Among The Most Actively Used Smart Contracts

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Austin adjusts to life with Tesla and its eccentric billionaire boss Elon Musk – The Dallas Morning News

Welcome to life in Musklandia.

As Elon Musks sphere of influence in Austin and across Texas seems to expand by the day, the eccentric Texas-based billionaire is taking the region and the state along on the wild and often weird roller coaster ride that is his life.

Its been a little more than a month since Musk announced Oct. 7 that Tesla is moving its headquarters to Austin, but even before that, Musk was already spending an increasing amount of time in Austin. He has been moving more of his companies into the region since at least 2020, most notably with Teslas $1.1 billion manufacturing facility currently being built in southeastern Travis County.

As Austin becomes ground zero for all things Musk, that leaves the rest of us figuring out how to navigate the new landscape good, bad and odd.

Musk is a modern-day Albert Einstein in the eyes of many, and the richest person in the world by a wide margin. Hes going to bring a lot more limelight and focus on Austin, said Dan Ives, an analyst with Wedbush Securities.

Musk and Austin are likely to become inextricably linked in the coming years, Ives said.

When the average person in the world thinks Austin, Texas, theyre not going to the music festival or Dell or for the great city it is. Tesla and Elon Musk are going to become synonymous with Austin, Ives said.

Roger Kay, an analyst with Endpoint Technologies, said Musks status and personality are sure to have an impact on Central Texas.

Hes the richest guy in the world, which is interesting. So what hell do immediately is upstage (Dell Technologies founder and CEO) Michael Dell, at least on that, Kay said. Michael has been the kind of king of Austin, I would say, all up until this point.

While the $1.1 billion Tesla manufacturing facility and Teslas planned headquarters move to Austin have drawn the most attention, Musks ventures have been quietly expanding in Central Texas for some time now. They include Musks tunneling and infrastructure company, the Boring Co., which has facilities in Pflugerville and Bastrop; a potential SpaceX expansion somewhere in Austin; a potential Neuralink office; and the headquarters of his private foundation, the Musk Foundation.

Also, a Tesla subsidiary, Tesla Energy, was recently licensed to operate as an energy provider in Texas, according to documents filed with the Texas Public Utility Commission. The company is already building the first Tesla solar neighborhood in Austin, called SunHouse at Easton Park, with solar- and alternative-powered energy.

Meanwhile, SpaceX Musks aerospace and rocket company has multiple facilities around Texas, including a launch site near Boca Chica in far South Texas.

Whats not clear is whether Musk has a residence in Austin. Although various media outlets have listed Austin as his home, he has never publicly confirmed that. Musk announced last year that he had moved to Texas but said his main residence is a small home near Boca Chica on the SpaceX campus.

Whether Musk actually lives in Austin or not, his influence in and impact on Central Texas cant be denied.

Kay said the influx of Tesla and other Musk-related companies will lead to higher salaries in the local tech industry, as well as add to the regions already booming housing market and send real estate prices even higher.

For some people there will be good opportunities. Other people, Kay said, are going to be irritated.

One of the places where Musk has drawn the most attention and perhaps created the most irritation has been on social media. Musk is active on Twitter, where he has more than 63 million followers.

With his immense wealth and such a huge audience, the influence of what Musk posts on social media shouldnt be downplayed, Ives said.

He is one of, if not the most powerful voice in the world in terms of social media and a following, Ives said. If Musk talks, everyones listening. When youre on the right side of that, its great. When youre on the wrong side of that, its a lot of downsides.

Few days go by without Musk making some sort of headline on social media, whether it be for company news, cryptic personal statements, political commentary or just posting a meme.

One example was earlier this month when, after polling his Twitter followers on whether he should sell 10% of his Tesla stock, Musk sold about 900,000 shares, netting over $1.1 billion. His trust also sold more than 3.5 million shares worth $3.88 billion. The stock options that were sold would expire next year and still leave Musk with about 170 million Tesla shares.

More sales later in the week, from both Musk and his trust, have brought the total stock sold to 6.4 million shares, worth a total of $6.9 billion. The sales so far amount to less than 4% of the shares he holds.

Ives said that while a sale of some stock has been expected to pay upcoming taxes, holding a Twitter poll to sell the stock is another soap opera that can only happen to one company and one CEO in the world, Musk.

Here are a few more highlights and lowlights from Musk on social media in the past month:

While most of that social media activity hasnt focused directly on Austin or Texas, there are signs Musk is starting to take more of an interest in whats going on in the Lone Star State.

When Musk announced he was moving Teslas headquarters to Austin, he didnt mention previous clashes hed had with California officials. But industry analysts say that while Austin is more affordable than Silicon Valley and still has the tech and engineering talent Musk needs for his companies, it seems clear he decided he preferred Texas more business-friendly environment over Californias more regulation-heavy approach.

I think Musk selected Texas in particular because of its kind of frontier style. Hes always thought that Californias heavy regulatory environment was not particularly conducive to his style, Kay said. Hes made it really clear that he doesnt think public authorities have any business telling him what to do.

All of which means officials in Texas and in Austin could eventually find themselves getting the same pushback California did from Musk if regulatory conditions rub him the wrong way.

Musk tends to do what he wants and is clever and aggressive in how he goes about disputes, Kay said. At the same time, he will bring a lot of jobs and tax revenue to the region, which gives him cards to play.

Hell say, Well, listen, you want me to just pick up stakes and go to Mississippi? Kay said. Theres probably going to be some ruffled feathers there when he says, Its my way or the highway and now I own your highway. You cant say anything about it. You do well, then Ill bring all my resources to bear upon you.

It remains to be seen how Musk might aim to influence state or local policymaking.

In September, Gov. Greg Abbott said that Musk supported Texas social policies. In response, Musk tweeted: In general, I believe government should rarely impose its will upon the people, and, when doing so, should aspire to maximize their cumulative happiness. That said, I would prefer to stay out of politics.

However, Musk has weighed in on some Austin political issues already.

Austin should be its city, not a San Francisco copycat, Musk said in a Halloween tweet replying to a tweet about Proposition A, which didnt pass earlier this month. The proposition would have required the city of Austin to hire hundreds more police officers.

Whatever positions Musk takes, they are sure to have influence in Austin, across the state and globally, Ives said in large part because of Musks immense wealth and the power that affords him.

Musk recently became the first person in the Bloomberg Billionaires Index to have an estimated net worth of more than $300 billion, making him not only the wealthiest person in the country but also the richest person in history. Musks current estimated net worth is somewhere between $280 billion and $300 billion.

Having Musk and Tesla in the city comes with exponentially more positives than negatives for Austin, Ives said. But Austin has to embrace Tesla and Elon, and not just treat him like any other business person. There are 300 billion reasons hes not.

Kara Carlson,

Austin American-Statesman (TNS)

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Austin adjusts to life with Tesla and its eccentric billionaire boss Elon Musk - The Dallas Morning News

Elon Musk shares hilarious theory about why US leaders are refusing to admit that Tesla exists – Teslarati

US President Biden, Vice President Kamala Harris, and members of the current administration who are seemingly refusing even to mention the word Tesla may soon find their online presence saturated with the EV makers name. This was after Tesla CEO Elon Musk poked fun at the Biden administrations tendency to completely ignore Teslas existence or accomplishments during public appearances and on social media.

Last week, the online electric vehicle community was aghast after US President Joe Biden visited General Motors Factory Zero in Detroit, Michigan. While speaking to the audience, Biden patted GM CEO Mary Barras back, stating that the executive was leading the auto sectors transition to electric vehicles. You electrified the entire automotive industry. Im serious. You led, and it matters, Biden said. The US President doubled down on this sentiment with a series of posts on Twitter, stating that the future of the US is electric.

Bidens sentiments were later echoed by VP Kamala Harris, who also noted that the United States would be building electric vehicles, including the batteries and parts that go in them, instead of relying on other countries. Just like the President, she also noted that the future will be made in America. This resulted in numerous netizens poking fun at the Vice President, stating that the future is already being made in America by Tesla for over a decade. Other Twitter users further joked that Harris might have simply never seen a Tesla, despite serving as Californias attorney general from 2011 to 2017.

Considering that Elon Musks suggestions for a carbon tax were rejected by the Biden administration for being too politically difficult, the fact that Tesla was not invited to the White Houses EV summit earlier this year, the Presidents rewriting of modern auto history by giving GM credit for the current EV transition, and the fact that the both Biden and his VP seems adamant not to even mention the word Tesla online, Elon Musk opted to poke fun at the White Houses ongoing snub. In a recent post on Twitter, Musk joked that the White Houses leadership might actually be NPCs (non-player characters), so the word Tesla may simply be outside their dialogue tree.

In a follow-up comment, Musk playfully urged his followers to see if everyone could get the US President and Vice President to say the word Tesla. This suggestion inspired numerous responses on Twitter and other social media platforms, with some EV supporters noting that it would be interesting to have numerous Teslas conduct a drive to Washington. Other suggestions were more humorous, with some noting that Musk should personally invite Biden to Giga Texas opening ceremony, and if the President ignores the invitation, the Tesla CEO should simply have a life-sized cardboard cut-out of the politician attend the event instead.

Overall, Musk seems to be taking the administrations evident Tesla snub in stride, which is a pretty good sign on its own. At this point, after all, Tesla appears to have already reached a point where it is already a stable business that could stand on its own two feet, even without the help of regulatory credits. And with more factories opening in the near future in the form of Gigafactory Texas and Giga Berlin, Teslas presence would likely be acknowledged worldwide, even if its existence is flat out denied by the US President and the current administration.

Dont hesitate to contact us with news tips. Just send a message to[emailprotected]to give us a heads up.

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What Putin Just Did To Beat Elon Musk Is Terrifying! | SpaceX News – Oakland News Now

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Would Jeff Bezos, Elon Musk And Bill Gates Be Villains Or Heroes On ‘The Boys’? Erin Moriarty Weighs In – TooFab

Starlight's allies... or enemies?

They're mysterious, they're loaded, and they already kinda rule the world... so Jeff Bezos, Bill Gates and Elon Musk pretty much tick all the movie villain boxes.

But in the world of "The Boys", where the line between good guys and bad guys is a little blurred on which side of the divide would the trio fall?

Erin Moriarty, who plays Starlight on the Amazon Prime hit series, had no hesitation giving her opinion... on two of them anyway, as Jeff Bezos is technically her boss:

"Oh that's an interesting question and I feel like the Amazon snipers will shoot me down if I answer that," she dodged with superhero-like reflexes.

The other two, she insisted while leaving Zinque Cafe in LA recently, are definite good guys.

"Honestly I like Bill Gates and what he does with vaccines," she said, "and I think even though Elon Musk is heavily criticized I have a feeling he's going to make a better impact on the world than most of us, in terms of the environment, so I'm not for the vilification of Elon Musk.... I like an electric car!"

The 27-year-old shrugged off criticism Bezos and Musk faced for dallying in a personal space race while the planet we have suffers, or Gates calling for climate change from the top of his super yacht (which are all pretty supervillain-sounding pursuits, to be fair).

Mario Bros. Producer Chris Meledandri Defends Casting Non-Italian Chris Pratt (Exclusive) View Story

"Yeah I know, I know," she sighed. "I do feel like though ultimately with what [Gates] does with the vaccine world, and Elon Musk like I said with the whole environment..."

"I think Starlight would try and just work in conjunction with Elon Musk and all the things that he does with the environment."

While "The Boys" features plenty of female butt-kickers both good and bad such as Queen Maeve, Stormfront, Kimiko, and of course, Starlight herself, Moriarty agrees the "damsel in distress" is a tired TV trope that still needs putting to bed.

"I think we've seen enough strong men in strong roles, period," she declared. "I think we need more women in strong roles for about a century to overcompensate for the men taking up that arena, to be honest."

And will the upcoming season 3 of "The Boys" feature even more diverse roles?

"Yes but that's all I can say," she replied. "Otherwise again, I'll lose my job."

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Starlink First Speed Test! We are Ready to Launch Worldwide! Elon Musk about Bitcoin | SpaceX News – Oakland News Now

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Mayo Clinic Q and A: Stem cell therapy for arthritis …

DEAR MAYO CLINIC: Whats the latest information on using stem cell therapy to treat an arthritic shoulder that causes excessive pain?

ANSWER: New efforts in regenerative medicine, including stem cell therapy, could dramatically affect orthopedic surgery over the coming years. Much of this hope is pinned on using stem cells to treat degenerative conditions such as shoulder arthritis. Although it shows promise, stem cell treatment for arthritis isnt widely available at this time, as its still being researched.

Stem cells are the basic building blocks of all human tissue. Stem cells hold potential as treatment, in part, because they can communicate valuable information about tissue growth and healing to other cells in the body. Arthritis involves joint degeneration due to loss of the cartilage that cushions bones. Recently researchers have begun to look to stem cells for orthopedic conditions such as shoulder arthritis. Progress using stem cells to treat arthritis already has been reported, with the ultimate goal of using stem cells to regrow cartilage.

When discussing stem cell therapy, its important to understand that pure stem cells are not currently available to U.S. patients outside of a clinical research study. A handful of clinical research trials, monitored by the U.S. Food and Drug Administration (FDA), are ongoing at this time to study stem cell treatment for arthritis. The early findings from these trials are encouraging.

Unfortunately, the excitement surrounding emerging stem cell therapy has led some patients and health care providers to overlook the lack of scientific evidence to support its use at this time. Stem cell therapies currently used outside clinical studies do not contain pure stem cells. Instead, they are a mix of a variety of cells, of which only a very small percentage are stem cells. It is possible that many of these treatments do not contain enough stem cells to help.

It is also important to recognize that many stem cell therapies now marketed directly to patients are conducted without the required biologics license from the FDA. Also, some forms of mislabeled stem cell therapies do not contain any living stem cells. Such practices are cause for concern, as these treatments can mislead patients and the public, and delay the scientific progress needed to turn stem cell therapies into cures.

What the research into stem cells and arthritis shows is that there are opportunities for stem cell treatment to be used as injection therapy alone and in addition to orthopedic surgical procedures. Successful stem cell therapies thus far have resulted mostly in pain relief and improvement in function or quality of life. Only a few limited early studies have demonstrated improvement in new cartilage or bone formation needed to cure arthritis. Exactly how that cartilage regrowth occurs, or even how pain relief is achieved, is still unknown. That means if you have a stem cell procedure, it will be used to treat the symptoms of arthritis only. The ability to cure the disease entirely is not yet available.

No major research studies have specifically investigated stem cell treatment for shoulder arthritis. Much of what is known about stem cells in arthritis comes from research into knee degeneration. Its not known if the successes treating knee arthritis will prove to be similarly beneficial when used for the shoulder. Therefore, current recommendations to treat shoulder arthritis remain the judicious use of gentle pain relievers, exercise and occasional steroid injections. In severe cases, shoulder replacement can provide long-lasting pain relief.

With demonstrable safety and mounting evidence of the effectiveness of stem cell therapy for some orthopedic conditions, potentially all orthopedic disease could be treated with stem cell therapy in the future. But, first, doctors and patients will have to wait until the scientific evidence catches up to the excitement around this promising option. Dr. Shane Shapiro, Orthopedic Surgery and Center for Regenerative Medicine, Mayo Clinic, Jacksonville, Florida

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Mayo Clinic Q and A: Stem cell therapy for arthritis ...

Cell Therapy Markets, 2030 – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Cell Therapy - Technologies, Markets and Companies" report from Jain PharmaBiotech has been added to ResearchAndMarkets.com's offering.

This report describes and evaluates cell therapy technologies and methods, which have already started to play an important role in the practice of medicine. Hematopoietic stem cell transplantation is replacing the old fashioned bone marrow transplants. The role of cells in drug discovery is also described. Cell therapy is bound to become a part of medical practice.

Stem cells are discussed in detail in one chapter. Some light is thrown on the current controversy of embryonic sources of stem cells and comparison with adult sources. Other sources of stem cells such as the placenta, cord blood and fat removed by liposuction are also discussed. Stem cells can also be genetically modified prior to transplantation.

Cell therapy technologies overlap with those of gene therapy, cancer vaccines, drug delivery, tissue engineering, and regenerative medicine. Pharmaceutical applications of stem cells including those in drug discovery are also described. Various types of cells used, methods of preparation and culture, encapsulation, and genetic engineering of cells are discussed. Sources of cells, both human and animal (xenotransplantation) are discussed. Methods of delivery of cell therapy range from injections to surgical implantation using special devices.

Cell therapy has applications in a large number of disorders. The most important are diseases of the nervous system and cancer which are the topics for separate chapters. Other applications include cardiac disorders (myocardial infarction and heart failure), diabetes mellitus, diseases of bones and joints, genetic disorders, and wounds of the skin and soft tissues.

Regulatory and ethical issues involving cell therapy are important and are discussed. The current political debate on the use of stem cells from embryonic sources (hESCs) is also presented. Safety is an essential consideration of any new therapy and regulations for cell therapy are those for biological preparations.

The cell-based markets was analyzed for 2020, and projected to 2030. The markets are analyzed according to therapeutic categories, technologies and geographical areas. The largest expansion will be in diseases of the central nervous system, cancer and cardiovascular disorders. Skin and soft tissue repair, as well as diabetes mellitus, will be other major markets.

The number of companies involved in cell therapy has increased remarkably during the past few years. More than 500 companies have been identified to be involved in cell therapy and 317 of these are profiled in part II of the report along with tabulation of 306 alliances. Of these companies, 171 are involved in stem cells.

Profiles of 73 academic institutions in the US involved in cell therapy are also included in part II along with their commercial collaborations. The text is supplemented with 67 Tables and 26 Figures. The bibliography contains 1,200 selected references, which are cited in the text.

Markets and Future Prospects for Cell Therapy

Key Topics Covered:

Part I: Technologies, Ethics & Regulations

Executive Summary

1. Introduction to Cell Therapy

2. Cell Therapy Technologies

3. Stem Cells

4. Clinical Applications of Cell Therapy

5. Cell Therapy for Cardiovascular Disorders

6. Cell Therapy for Cancer

7. Cell Therapy for Neurological Disorders

8. Ethical, Legal and Political Aspects of Cell therapy

9. Safety and Regulatory Aspects of Cell Therapy

Part II: Markets, Companies & Academic Institutions

10. Markets and Future Prospects for Cell Therapy

11. Companies Involved in Cell Therapy

12. Academic Institutions

13. References

For more information about this report visit https://www.researchandmarkets.com/r/jqee92

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Cell Therapy Markets, 2030 - ResearchAndMarkets.com - Business Wire

A Cure for Type 1 Diabetes? For One Man, It Seems to Have Worked. – The New York Times

Brian Sheltons life was ruled by Type 1 diabetes.

When his blood sugar plummeted, he would lose consciousness without warning. He crashed his motorcycle into a wall. He passed out in a customers yard while delivering mail. Following that episode, his supervisor told him to retire, after a quarter century in the Postal Service. He was 57.

His ex-wife, Cindy Shelton, took him into her home in Elyria, Ohio. I was afraid to leave him alone all day, she said.

Early this year, she spotted a call for people with Type 1 diabetes to participate in a clinical trial by Vertex Pharmaceuticals. The company was testing a treatment developed over decades by a scientist who vowed to find a cure after his baby son and then his teenage daughter got the devastating disease.

Mr. Shelton was the first patient. On June 29, he got an infusion of cells, grown from stem cells but just like the insulin-producing pancreas cells his body lacked.

Now his body automatically controls its insulin and blood sugar levels.

Mr. Shelton, now 64, may be the first person cured of the disease with a new treatment that has experts daring to hope that help may be coming for many of the 1.5 million Americans suffering from Type 1 diabetes.

Its a whole new life, Mr. Shelton said. Its like a miracle.

Diabetes experts were astonished but urged caution. The study is continuing and will take five years, involving 17 people with severe cases of Type 1 diabetes. It is not intended as a treatment for the more common Type 2 diabetes.

Weve been looking for something like this to happen literally for decades, said Dr. Irl Hirsch, a diabetes expert at the University of Washington who was not involved in the research. He wants to see the result, not yet published in a peer-reviewed journal, replicated in many more people. He also wants to know if there will be unanticipated adverse effects and if the cells will last for a lifetime or if the treatment would have to be repeated.

But, he said, bottom line, it is an amazing result.

Dr. Peter Butler, a diabetes expert at U.C.L.A. who also was not involved with the research, agreed while offering the same caveats.

It is a remarkable result, Dr. Butler said. To be able to reverse diabetes by giving them back the cells they are missing is comparable to the miracle when insulin was first available 100 years ago.

And it all started with the 30-year quest of a Harvard University biologist, Doug Melton.

Dr. Melton had never thought much about diabetes until 1991 when his 6-month-old baby boy, Sam, began shaking, vomiting and panting.

He was so sick, and the pediatrician didnt know what it was, Dr. Melton said. He and his wife Gail OKeefe rushed their baby to Boston Childrens Hospital. Sams urine was brimming with sugar a sign of diabetes.

The disease, which occurs when the bodys immune system destroys the insulin-secreting islet cells of the pancreas, often starts around age 13 or 14. Unlike the more common and milder Type 2 diabetes, Type 1 is quickly lethal unless patients get injections of insulin. No one spontaneously gets better.

Its a terrible, terrible disease, said Dr. Butler at U.C.L.A.

Patients are at risk of going blind diabetes is the leading cause of blindness in this country. It is also the leading cause of kidney failure. People with Type 1 diabetes are at risk of having their legs amputated and of death in the night because their blood sugar plummets during sleep. Diabetes greatly increases their likelihood of having a heart attack or stroke. It weakens the immune system one of Dr. Butlers fully vaccinated diabetes patients recently died from Covid-19.

Added to the burden of the disease is the high cost of insulin, whose price has risen each year.

The only cure that has ever worked is a pancreas transplant or a transplant of the insulin-producing cell clusters of the pancreas, known as islet cells, from an organ donors pancreas. But a shortage of organs makes such an approach an impossibility for the vast majority with the disease.

Even if we were in utopia, we would never have enough pancreases, said Dr. Ali Naji, a transplant surgeon at the University of Pennsylvania who pioneered islet cell transplants and is now a principal investigator for the trial that treated Mr. Shelton.

For Dr. Melton and Ms. OKeefe, caring for an infant with the disease was terrifying. Ms. OKeefe had to prick Sams fingers and feet to check his blood sugar four times a day. Then she had to inject him with insulin. For a baby that young, insulin was not even sold in the proper dose. His parents had to dilute it.

Gail said to me, If Im doing this you have to figure out this damn disease, Dr. Melton recalled. In time, their daughter Emma, four years older than Sam, would develop the disease too, when she was 14.

Dr. Melton had been studying frog development but abandoned that work, determined to find a cure for diabetes. He turned to embryonic stem cells, which have the potential to become any cell in the body. His goal was to turn them into islet cells to treat patients.

One problem was the source of the cells they came from unused fertilized eggs from a fertility clinic. But in August 2001, President George W. Bush barred using federal money for research with human embryos. Dr. Melton had to sever his stem cell lab from everything else at Harvard. He got private funding from the Howard Hughes Medical Institute, Harvard and philanthropists to set up a completely separate lab with an accountant who kept all its expenses separate, down to the light bulbs.

Over the 20 years it took the lab of 15 or so people to successfully convert stem cells into islet cells, Dr. Melton estimates the project cost about $50 million.

The challenge was to figure out what sequence of chemical messages would turn stem cells into insulin-secreting islet cells. The work involved unraveling normal pancreatic development, figuring out how islets are made in the pancreas and conducting endless experiments to steer embryonic stem cells to becoming islets. It was slow going.

After years when nothing worked, a small team of researchers, including Felicia Pagliuca, a postdoctoral researcher, was in the lab one night in 2014, doing one more experiment.

We werent very optimistic, she said. They had put a dye into the liquid where the stem cells were growing. The liquid would turn blue if the cells made insulin.

Her husband had already called asking when was she coming home. Then she saw a faint blue tinge that got darker and darker. She and the others were ecstatic. For the first time, they had made functioning pancreatic islet cells from embryonic stem cells.

The lab celebrated with a little party and a cake. Then they had bright blue wool caps made for themselves with five circles colored red, yellow, green, blue and purple to represent the stages the stem cells had to pass through to become functioning islet cells. Theyd always hoped for purple but had until then kept getting stuck at green.

The next step for Dr. Melton, knowing hed need more resources to make a drug that could get to market, was starting a company.

His company Semma was founded in 2014, a mix of Sam and Emmas names.

One challenge was to figure out how to grow islet cells in large quantities with a method others could repeat. That took five years.

The company, led by Bastiano Sanna, a cell and gene therapy expert, tested its cells in mice and rats, showing they functioned well and cured diabetes in rodents.

At that point, the next step a clinical trial in patients needed a large, well financed and experienced company with hundreds of employees. Everything had to be done to the exacting standards of the Food and Drug Administration thousands of pages of documents prepared, and clinical trials planned.

Chance intervened. In April 2019, at a meeting at Massachusetts General Hospital, Dr. Melton ran into a former colleague, Dr. David Altshuler, who had been a professor of genetics and medicine at Harvard and the deputy director of the Broad Institute. Over lunch, Dr. Altshuler, who had become the chief scientific officer at Vertex Pharmaceuticals, asked Dr. Melton what was new.

Dr. Melton took out a small glass vial with a bright purple pellet at the bottom.

These are islet cells that we made at Semma, he told Dr. Altshuler.

Vertex focuses on human diseases whose biology is understood. I think there might be an opportunity, Dr. Altshuler told him.

Meetings followed and eight weeks later, Vertex acquired Semma for $950 million. With the acquisition, Dr. Sanna became an executive vice president at Vertex.

The company will not announce a price for its diabetes treatment until it is approved. But it is likely to be expensive. Like other companies, Vertex has enraged patients with high prices for drugs that are difficult and expensive to make.

Vertexs challenge was to make sure the production process worked every time and that the cells would be safe if injected into patients. Employees working under scrupulously sterile conditions monitored vessels of solutions containing nutrients and biochemical signals where stem cells were turning into islet cells.

Less than two years after Semma was acquired, the F.D.A. allowed Vertex to begin a clinical trial with Mr. Shelton as its initial patient.

Like patients who get pancreas transplants, Mr. Shelton has to take drugs that suppress his immune system. He says they cause him no side effects, and he finds them far less onerous or risky than constantly monitoring his blood sugar and taking insulin. He will have to continue taking them to prevent his body from rejecting the infused cells.

But Dr. John Buse, a diabetes expert at the University of North Carolina who has no connection to Vertex, said the immunosuppression gives him pause. We need to carefully evaluate the trade-off between the burdens of diabetes and the potential complications from immunosuppressive medications.

Mr. Sheltons treatment, known as an early phase safety trial, called for careful follow-up and required starting with half the dose that would be used later in the trial, noted Dr. James Markmann, Mr. Sheltons surgeon at Mass General who is working with Vertex on the trial. No one expected the cells to function so well, he said.

The result is so striking, Dr. Markmann said, Its a real leap forward for the field.

Last month, Vertex was ready to reveal the results to Dr. Melton. He did not expect much.

I was prepared to give them a pep talk, he said.

Dr. Melton, normally a calm man, was jittery during what felt like a moment of truth. He had spent decades and all of his passion on this project. By the end of the Vertex teams presentation, a huge smile broke out on his face; the data were for real.

He left Vertex and went home for dinner with Sam, Emma and Ms. OKeefe. When they sat down to eat, Dr. Melton told them the results.

Lets just say there were a lot of tears and hugs.

For Mr. Shelton the moment of truth came a few days after the procedure, when he left the hospital. He measured his blood sugar. It was perfect. He and Ms. Shelton had a meal. His blood sugar remained in the normal range.

Mr. Shelton wept when he saw the measurement.

The only thing I can say is thank you.

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A Cure for Type 1 Diabetes? For One Man, It Seems to Have Worked. - The New York Times