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Substitute teacher killed at Nashville school heralded as a devoted mother and educator with a deep faith

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Substitute teacher killed at Nashville school heralded as a devoted mother and educator with a deep faith

NASHVILLE, Tenn. — Cindy Peak was remembered as a loyal mom who fiercely cherished her household, a “spitfire” and a longtime educator who introduced out the perfect in her college students.

A whole bunch of individuals crammed Christ Presbyterian Church on Saturday to have a good time the lifetime of Peak, 61, a substitute instructor killed throughout a taking pictures at The Covenant College.

Photographs capturing particular moments of her and her youngsters’s lives embellished the church and performed on a display for mourners.

Peak “invested her life absolutely within the encouragement of others,” pastor Scott Sauls stated through the service. Her three favourite roles have been that of a loving mom, spouse and instructor, he stated.

Cynthia Peak.through Fb

“We’ll by no means cease lacking her,” Sauls stated.

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“Cindy was loyal to household and buddies and he or she cherished her college students and oldsters,” her sister Debbie Dunlap stated. “However the absolute loves of her life have been her husband and kids.”

Peak was amongst six individuals killed Monday when a former pupil opened fireplace on the non-public Christian faculty. Authorities recognized the victims as faculty head Katherine Koonce, 60; faculty custodian Mike Hill, 61; and college students Hallie Scruggs, William Kinney, and Evelyn Dieckhaus, all 9.

A funeral for Evelyn was Friday.

Mourners embrace after a funeral service held for Evelyn Dieckhaus in Nashville, Tenn.
Mourners embrace after a funeral service held for Evelyn Dieckhaus, on Friday.Wade Payne / AP

Dunlap stated Peak’s love for her youngsters “launched her into one other stratosphere.”

“Cindy was an ideal mother, smart in her counsel and fierce in her love,” she stated, telling the church that she’s going to miss spending hours on the cellphone, sharing “our best joys and our deepest hurts.”

“She was my confidant, my finest good friend, my beloved sister,” Dunlap stated by means of tears. “Nobody can substitute her.”

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Her husband, Chris Peak, stated “there isn’t a doubt in my thoughts, in my household’s thoughts, that Cindy died a hero.”

People pray at a memorial at the entrance to the Covenant School in Nashville, Tenn.
Individuals pray at a memorial on the entrance to the Covenant College, on Wednesday.Wade Payne / AP

Ellie Peak stated her mom was “feisty” and a “spitfire” and steadfast in her religion in God.

A web based obituary acknowledged that Peak wished to be remembered first for her love of God adopted by her love for her husband, their three youngsters and everybody else she thought of household.

Sally Weatherly, a good friend and fellow instructor, shared tales of Peak selecting her up in her “scorching crimson sports activities automotive” and displaying her Nashville.

She stated Peak had “robust opinions and nice recommendation,” made the perfect banana bread and had an infectious smile and snort.

Peak made do-it-yourself Christmas ornaments for everybody in her third-grade class, Weatherly stated.

“She was a gatherer of individuals,” she stated on the funeral.

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A motive for the taking pictures stays unclear, though the police chief stated “resentment” could have performed a job. The 28-year-old shooter was fatally shot by Officers Rex Engelbert and Michael Collazo.

Daniella Silva reported from Nashville. Minyvonne Burke from Pennsylvania.

Minyvonne Burke contributed.

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Hipgnosis agrees $1.4bn sale to Concord Chorus

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Hipgnosis agrees $1.4bn sale to Concord Chorus

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Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from Apollo-backed rival Concord Chorus.

The deal follows a strategic review by the company’s board after it lost a shareholder vote in October that put its future in doubt.

The takeover values each Hipgnosis share at 93p, roughly a third above the group’s closing price on Wednesday and a small premium to the latest valuation of a music portfolio that includes Red Hot Chili Peppers and Shakira.

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The deal has already been backed by a number of top shareholders, representing about 29 per cent of Hipgnosis’ issued share capital.

Hipgnosis was founded by music executive Merck Mercuriadis in 2018 to turn music rights into a mainstream asset class, using the rising royalties from streaming, radio play and performances to provide income for investors and boost valuations. 

But the appeal of the asset class has been hit by higher interest rates. Hipgnosis has been forced to slash the value of its music portfolio and has faced questions over its governance and levels of debt.

Concord, which is controlled by investor Alchemy Copyrights, has been an acquirer of music rights and companies. It said US private equity group Apollo had committed to providing financing for the acquisition through debt and a minority stake in the bidding vehicle.

However, the Hipgnosis board is still seeking to terminate its agreement with Mercuriadis, who continues to run Hipgnosis Song Management, the company’s investment adviser. Up to $25mn would be available to shareholders should the investment manager terminate its contract.

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Robert Naylor, chair of Hipgnosis, said: “The acquisition represents an attractive opportunity for our shareholders to immediately realise their holding at a premium, mitigating the risks we see ahead to achieving a material improvement in the share price.”

Naylor said he hoped to encourage Hipgnosis Song Management and Blackstone, the majority owner of the company’s investment adviser, to agree an orderly termination of its agreement. 

“This would enable the payment of a larger consideration under the agreed transaction with Concord and bring to an end a period of uncertainty for all Hipgnosis stakeholders,” he added.

Hipgnosis Song Management did not immediately respond to a request for comment.

The Hipgnosis board on Thursday said it had considered all options for the future of the company, but the alternatives carried “significant risks, uncertainties and limitations”.

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It said the share price was unlikely to increase to reflect the adjusted net asset value or deal price “in the medium term as a result of numerous company-specific and certain market issues”.

Substantial financial and governance changes would be necessary to improve its financial performance, it added.

The board had spoken to a number of potentially interested parties during the strategic review, it said, adding that it had received a number of indicative and preliminary proposals, all of which were less certain and came in at a lower value.

Since 2015, Concord, a music and theatrical rights company with a new release artist and writer programme, has invested more than $2.8bn in over 100 transactions to grow its business.

Bob Valentine, chief executive of Concord, said: “We believe we can integrate Hipgnosis’ catalogues into our wider portfolio of 1.2mn songs in a way that will deliver benefits for composers, performers and all our stakeholders.”

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Poland's president visits Donald Trump as allies eye a possible return

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Poland's president visits Donald Trump as allies eye a possible return

Republican presidential candidate former President Donald Trump walks with Poland’s President Andrzej Duda at Trump Tower in midtown Manhattan in New York on Wednesday, April 17, 2024.

Stefan Jeremiah/AP


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Stefan Jeremiah/AP


Republican presidential candidate former President Donald Trump walks with Poland’s President Andrzej Duda at Trump Tower in midtown Manhattan in New York on Wednesday, April 17, 2024.

Stefan Jeremiah/AP

Former President Donald Trump met Wednesday in New York with Polish President Andrzej Duda, the latest in a series of meetings with foreign leaders as Europe braces for the possibility of a second Trump term.

The presumptive Republican nominee hosted Duda at Trump Tower, where the two discussed the war in Ukraine and Duda’s push to boost NATO members’ defense spending, according to a readout from Trump’s campaign. Duda, who has long expressed admiration for Trump, is also a staunch supporter of Ukraine and has encouraged Washington to provide more aid to Kyiv amid Russian’s ongoing invasion. That funding has been held up by Trump allies in Congress.

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As he arrived, Trump praised the Polish president, saying, “He’s done a fantastic job and he’s my friend.”

“We had four great years together,” Trump added. “We’re behind Poland all the way.”

Following the almost 2 1/2 hour meeting, Duda said only that it was a “friendly meeting in very nice atmosphere.”

His aide, Wojciech Kolarski, also in attendance, described it as an “excellent meeting” of “two friends who reminisced on the time when for four years they cooperated while holding presidential offices,” a time that was “very fruitful for Polish-U.S. relations.”

Duda is the latest foreign leader to meet with Trump in the weeks since he locked up the Republican nomination. U.S. allies across the world were caught off guard by Trump’s surprise 2016 win, forcing them to scramble to build relationships with a president who often attacked longstanding treaties and alliances they valued. Setting up meetings with him during the 2024 campaign suggests they don’t want to be behind again.

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Even as he goes on trial for one of the four criminal indictments against him, Trump and Democratic President Joe Biden are locked in a rematch that most observers expect will be exceedingly close in November.

While some in Poland worried the visit might damage the country’s relationship with Biden, Sen. Chris Murphy, D-Conn. — a Biden ally and a major voice in his party on foreign affairs — said such meetings make sense.

“The polls are close,” he said. “If I were a foreign leader — and there’s a precedent attached to meeting with candidates who are nominated or on the path to being nominated — I’d probably do it too.”

Murphy noted that former President Barack Obama did a lengthy international tour and met with foreign leaders when he first ran for the White House. So did Mitt Romney, the former Massachusetts governor, who challenged Obama in 2012 and whose trip included a stop in Poland’s capital, Warsaw.

Duda’s visit comes a week after Trump met with British Foreign Secretary David Cameron, another NATO member and key proponent of supporting Ukraine, at the former president’s Florida estate.

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In March, Trump hosted Hungarian Prime Minister Viktor Orbán, an autocrat who has maintained the closest relationship with Russia among European Union countries. Orbán shared a montage of footage of the visit on his Instagram feed, which included an image of him and his staff meeting with Trump and the former president’s aides in a scene that looked like an official bilateral meeting.

Trump also met briefly in February with Javier Milei, the fiery, right-wing populist president of Argentina who ran a campaign inspired by Trump, complete with red “Make Argentina Great Again” hats. Milei gave Trump an excited hug backstage at the annual Conservative Political Action Conference outside Washington, according to video posted by a Trump campaign aide.

Biden administration officials have been careful not to weigh in publicly on foreign leaders’ meetings with Trump, acknowledging he has a real chance of winning the race.

While some officials have privately expressed frustration with such meetings, they are mindful that any criticism would open the U.S. to charges of hypocrisy because senior American officials, including Secretary of State Antony Blinken, meet frequently with foreign opposition figures at various forums in the United States and abroad.

Security and policy officials monitor the travel plans of foreign officials visiting the U.S., but generally don’t have a say in where they go or with whom they meet, according to an administration official who spoke on the condition of anonymity to discuss protocol.

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Trump has been back in his hometown this week for the start of his criminal hush money trial, which has dramatically limited his ability to travel and campaign. While in town, aides have been planning a series of events that began Tuesday evening when Trump, after court adjourned, stopped by a Harlem bodega where a man was killed to rail against crime, and to blast the district attorney who made him the first former president in U.S. history to stand criminal trial.

Duda, a right-wing populist who once proposed naming a military base in his country “Fort Trump,” described the dinner earlier Wednesday as a private get-together between friends at Trump’s former residence while he is in town for meetings at the United Nations, where Duda is to deliver a speech.

“I have been invited by Mr. Donald Trump to his private apartment,” Duda told reporters, saying it was “a normal practice when one country has good relations with another country” to want those relations to be as strong as “possible with the representatives of various sides of the political stage.”

“We know each other as people. Like two, I can say in some way, friends,” said Duda, whose term ends in 2025.

Duda’s visit comes as House Republicans wrangle over a $95 billion foreign aid bill that would provide new funding to Ukraine, including money for the U.S. military to replace depleting weapon supplies. Polish leaders have been urging the House to approve the aid bill and ease domestic concerns.

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Many Trump allies in the House are fiercely opposed to aiding Ukraine, even as the country warns that it is struggling amid a fresh Russian offensive. Trump has said he might be open to aid in the form of a loan.

One area where Trump and Duda agree when it comes to the conflict is a desire to push NATO members to increase their defense spending. Duda has called on fellow members of the alliance to raise their spending to 3% of gross domestic product as Russia continues its invasion of Ukraine. That would represent a significant increase from the current commitment of 2% by 2024.

Trump, in a stunning break from U.S. precedent, has long been critical of the Western alliance and has threatened not to defend member nations that do not hit that spending goal. That threat strikes at the heart of the alliance’s Article 5, which states that any attack against one NATO member will be considered an attack against all.

In February, Trump went even further, recounting that he’d once told leaders that he would “encourage” Russia to “do whatever the hell they want” to members that are — in his words — “delinquent.”

Trump’s campaign said the two discussed the NATO proposal during the meeting. The two also discussed Israel and the Middle East, Trump’s 2017 trip to Warsaw, “and many other topics having to do with getting to world peace,” the campaign said in its readout, which described the men as “great friends.”

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The visit was met with mixed reaction in Poland, where fears of Russia run high and Duda’s friendly relationship with Trump has been a source of controversy.

Poland’s centrist Prime Minister Donald Tusk, a political opponent of Duda, was critical of the dinner but expressed hope that Duda would use it as an opportunity “to raise the issue of clearly siding with the Western world, democracy and Europe in this Ukrainian-Russian conflict.”

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Vix ‘fear gauge’ soars on Middle East tensions and interest rate shift

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Vix ‘fear gauge’ soars on Middle East tensions and interest rate shift

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US investors are paying the biggest premiums since October to protect their portfolios against market gyrations as mounting tensions in the Middle East and reduced expectations of interest rate cuts fuel a surge in volatility.

The Vix index, Wall Street’s so-called fear gauge, hit 19.6 this week, its highest level since October 20, two weeks after the Hamas attack that triggered Israel’s war in Gaza.

The metric measures the price of options that enable investors to profit from swings in the S&P 500.

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As of the end of Wednesday in the US, the index had receded slightly to about 18.2, still far above its late-March level of 12.6.

Market turmoil has also affected US bonds, with the ICE BofA Move index, which tracks volatility in US Treasuries, hitting 121, its highest level since early January and up from 86 in March.

Alex Kosoglyadov, managing director in global equity derivatives at Nomura, said a surge in demand in put options — which act as a form of insurance against stocks falling — marked a stark contrast with earlier this year.

He argued that investors were previously more concerned about missing out on potential stock market gains than protecting their portfolios against a sell-off.

“Investors were buying upside exposure as their hedge,” Kosoglyadov said. “The risk was that the market would keep rallying and that they’d underperform.”

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The market has been rocked by the confrontation between Israel and Iran since Tehran signalled last week it was planning an attack in response to a presumed Israeli strike on its consulate in Damascus.

Vix option volumes hit a six-year high on Friday, according to Mandy Xu, head of derivatives market intelligence at Cboe Global Markets, which operates options and securities exchanges.

Line chart of Ice BofA Move index showing Volatility has also jumped in US Treasury market

The Middle East tension has since escalated, with Iran on Saturday firing more than 300 armed drones and missiles at Israel, which is now considering its retaliation.

Solita Marcelli, chief investment officer Americas at UBS Global Wealth Management, said investors were buying “downside protection” in light of the geopolitical tensions.

Investors are also reassessing their strategies after the shift in expectations in interest rates provoked by the strength of the US economy.

The S&P 500 fell sharply on Monday following bumper retail sales figures, with the fallout spreading to markets around the world on Tuesday.

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US Federal Reserve chair Jay Powell said on Tuesday it was likely to take “longer than expected” for inflation to fall to the central bank’s target level and make rate cuts appropriate.

While the Fed has indicated that it intends to make three quarter-point cuts this year to interest rates, investors now expect just one or two reductions. In January, they had anticipated six.

The shift in rate expectations has hit bond markets, with yields, which move inversely to prices, rising sharply. That in turn has made equities less attractive to investors, since they can now earn a higher return than before from ultra-safe US Treasuries.

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