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Voice recordings and data from the mother ship that carried the Titan submersible before it imploded will be examined, investigators say | CNN

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Voice recordings and data from the mother ship that carried the Titan submersible before it imploded will be examined, investigators say | CNN



CNN
 — 

As a remotely operated robot maps out the debris field from the fatal Titan submersible implosion, investigators will be reviewing voice recordings from the mother ship that carried the vessel and its five occupants on its journey to the site of the Titanic wreckage, officials said.

Canadian investigators boarded the ship, the Polar Prince, on Saturday “to collect information from the vessel’s voyage data recorder and other vessel systems that contain useful information,” Kathy Fox, chair of the Transportation Safety Board of Canada, said Saturday.

The crew and family members were also being interviewed aboard the Polar Prince, which returned to St. John’s, the capital of Newfoundland and Labrador, with its flags at half-mast Saturday.

The agency’s mission isn’t to assign blame, but rather “find out what happened and why and to find out what needs to change to reduce the chance or the risk of such occurrences in the future,” Fox said.

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A voyage data recorder stores audio from the ship’s bridge. “The content of those voice recordings could be useful in our investigation,” Fox said.

The move is the latest in an expanding international investigation into the implosion, which killed all five people who were aboard the submersible during its descent to the Titanic shipwreck Sunday. Military experts found debris in the ocean – about 1,600 feet from the bow of the Titanic – consistent with the loss of the small vessel’s pressure chamber, US Coast Guard Rear Adm. John Mauger said.

Those killed were Stockton Rush, CEO of the vessel’s operator OceanGate Expeditions; British businessman Hamish Harding; French diver Paul-Henri Nargeolet; and Pakistani-born businessman Shahzada Dawood and his son, Suleman, who were British citizens.

Communications between the submersible and its mother ship will also likely be scrutinized. The ship could communicate with the submersible by text messages, and it’s required to communicate every 15 minutes, according to the archived website of OceanGate Expeditions.

Meanwhile, the Royal Canadian Mounted Police is looking into whether “criminal, federal, or provincial laws may possibly have been broken.”

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“There’s no suspicion of criminal activity per se, but the RCMP is taking initial steps to assess whether or not we will go down that road,” RCMP Superintendent Kent Osmond said at a Saturday press briefing, adding the agency investigates all reportable offshore deaths.

OceanGate co-founder Guillermo Sohnlein urged people not to rush judgment over the implosion.

“There are teams on site that are still going to be collecting data for the next few days, weeks, maybe months, and it’s going to be a long time before we know exactly what happened down there,” Sohnlein told CNN on Friday. “So I would encourage us to hold off on speculation until we have more data to go on.”

The US Coast Guard, which was involved in the dayslong search and rescue operation, is also investigating the implosion, along with the National Transportation Safety Board.

Remotely operated vehicles will continue to gather information from the sea floor, Mauger, the US Coast Guard Rear Admiral, said Thursday.

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The vehicles will work to map out the vessel’s debris field, which is more than 2 miles deep in the North Atlantic, Mauger said.

Five different major pieces of debris from the submersible were found Thursday morning, officials said. Each end of the pressure hull was found in a different place, according to Paul Hankins, US Navy director of Salvage Operations and Ocean Engineering.

ROV missions are expected to continue for about another week, according to Jeff Mahoney, spokesperson for Pelagic Research Services, a company that specializes in ocean expedition.

Any attempts to recover anything from the debris field will warrant a larger operation in tandem with Deep Energy, another company helping with the mission, because the debris will likely be too heavy for Pelagic’s ROV to lift by itself, Mahoney told CNN on Friday. The recovery efforts would include using rigged cabling to pull up any debris.

The multinational investigation comes amid mounting questions about the Titan’s design.

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A CNN review of OceanGate’s marketing material, public statements made by Rush and court records show that even as the company touted a commitment to safety measures, it rejected industry standards that would have imposed greater scrutiny on its operations and vessels.

The company strayed from industry norms by declining a voluntary, rigorous safety review of the vessel, according to an industry leader.

And when submersible expert Karl Stanley was aboard the Titan for an underseas excursion off the coast of the Bahamas in April 2019, he felt there was something wrong with the vessel when loud noises were heard and sent an email to Rush, the CEO of OceanGate Expeditions, sounding the alarm on suspected defects.

“What we heard, in my opinion … sounded like a flaw/defect in one area being acted on by the tremendous pressures and being crushed/damaged,” Stanley wrote in the email, a copy of which has been obtained by CNN.

“From the intensity of the sounds, the fact that they never totally stopped at depth, and the fact that there were sounds at about 300 feet that indicated a relaxing of stored energy /would indicate that there is an area of the hull that is breaking down/ getting spongy,” Stanley continued.

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When asked for comment about Stanley’s email, a spokesman for OceanGate told CNN they were unable to provide any additional information at this time.

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Peloton clinches $1bn loan as it seeks to shore up struggling finances

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Peloton clinches $1bn loan as it seeks to shore up struggling finances

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Peloton clinched a critical $1bn loan on Thursday, allowing the maker of home fitness equipment to shore up its finances, said people briefed on the matter.

The company was at one point was valued at nearly $50bn as consumers clamoured for its stationary bicycles during the depths of the pandemic. But it has faltered as consumers emerged from the pandemic, with Americans choosing to return to gyms and fitness studios in person, crimping demand for its products.

Earlier this month chief executive Barry McCarthy stepped down and the company announced it would cut 15 per cent of its workforce as its sales softened.

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The $1bn five-year loan will allow it to refinance debts that mature in the next few years, including repurchasing part of a convertible bond that matures in 2026.

The new financing has been considered integral to giving management time to execute a turnaround plan since Peloton had burnt through capital and faced the 2026 maturing convertible debt.

It had a unique challenge tied to the $1bn convertible bond that required it to refinance most of its debts over the coming year. The company’s existing $750mn term loans included a provision that required it to pay off the debt immediately if more than $200mn of the convertible bond was outstanding in November 2025, as opposed to in 2027 when the loan was otherwise set to mature.

The new loan Peloton secured on Thursday yielded roughly 12 per cent, which, while at the lower end of a range initially marketed to investors, nonetheless underscored the stress it faces. The interest rate on the loan was set 6 percentage points above the floating interest rate benchmark, which sits at about 5.3 per cent. A discount on the loan sweetened the yield to about 12 per cent for lenders. Unusually, the debt was not graded by the major US credit rating agencies.

By contrast, bonds from risky single B-rated borrowers are trading with a yield below 8 per cent, while triple C and lower-rated debt — among the lowest grades assigned by credit rating agencies — traded hands this week at about 13.9 per cent, according to data from ICE Data Services.

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The new loan, along with a $300mn convertible bond Peloton issued on Wednesday and a new $100mn revolving credit line, will remove near-term financing issues for the company.

The timing of the offering was particularly opportune for Peloton as investors have bid up the prices of risky corporate bonds and loans, clamouring for high-yielding debt. Banks led by JPMorgan Chase and Goldman Sachs were ultimately able to reduce the interest rate Peloton paid on the new loan given the demand.

Peloton did not immediately respond to a request for comment.

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Gov. Gavin Newsom signs bill allowing Arizona doctors to perform abortions in California

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Gov. Gavin Newsom signs bill allowing Arizona doctors to perform abortions in California

PHOENIX — A new measure signed into law Thursday temporarily allows Arizona abortion providers to perform the procedure in neighboring California.

California Gov. Gavin Newsom enacted the bill, which takes effect immediately, in response to a recent Arizona Supreme Court ruling that said a near-total abortion ban from 1864 is enforceable in the state.

The law also would allow patients to receive abortion services from their Arizona health care providers in California through Nov. 30.

“Arizona Republicans tried to turn back the clock to 1864 to impose a near-total abortion ban across their state. We refuse to stand by and acquiesce to their oppressive and dangerous attacks on women,” Newsom, a Democrat, said in a statement Thursday.

The fate of Arizona’s 1864 ban, which doesn’t have exceptions for rape or incest, remains up in the air. The state Supreme Court pushed back its enforcement by several months, meaning Arizona’s 15-week abortion ban will be the law of the land until Sept. 26, according to the Arizona attorney general’s office.

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The California Legislative Women’s Caucus took the reins in drafting the state’s legislation. Its chair, state Sen. Nancy Skinner, said the new law can provide the women of Arizona with an abortion safe haven when the 1864 statute takes effect.

“Our Arizona sisters can come to California to get the health care they need from their own doctors, who they know and rely on,” Skinner said in a statement. “California has made it crystal clear for all those who need or deliver essential reproductive care: We’ve got your back.”

Arizona Gov. Katie Hobbs signed a repeal of the ban on May 2, but the repeal won’t go into effect until 90 days after the Legislature’s legislative session ends, which is likely to come in July.

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Idaho Democratic Caucus Results

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Idaho Democratic Caucus Results
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