World
Trump partner in Truth Social delays key vote on merger
NEW YORK (AP) — A key choice over whether or not Donald Trump’s social media platform Fact Social will merge with a cash-rich firm and get $1.3 billion to tackle Twitter has been postpone for an additional month.
The potential associate, Digital World Acquisition Corp., on Thursday postponed a shareholder vote to increase by a 12 months a deadline to shut its merger with Trump’s firm and launch funds to pay its payments. Not less than 65% of shareholders have to approve the extension, a threshold not reached in tallies earlier within the day.
Shares of Digital World, which have been usually falling after small-pocketed traders pushed them over $100 final 12 months, closed Thursday up 1% to $23.35.
If a brand new deal deadline isn’t authorized at a shareholder assembly on Oct. 10, Digital World can nonetheless play for time. It could delay the deadline by three months if sponsors backing its firm pay almost $3 million right into a belief account, then delay once more for an additional three months for similar fee. The corporate has stated beforehand it could selected to delay three months if mandatory.
If the deal just isn’t closed by the brand new deadlines, Digital World should liquidate and Fact Social’s father or mother, Trump Media & Know-how Group, must discover different sources of money. It might try this by borrowing, discovering non-public traders or having Trump himself contribute the cash, one thing he has averted in a lot of his enterprise ventures however has hinted he may do.
“I don’t want financing, ‘I’m actually wealthy,’” Trump posted on Fact Social earlier this month. “Non-public firm anybody???”
Digital World’s cope with Trump’s firm was troubled nearly from the beginning. In November, the Securities and Trade Fee requested paperwork from Digital World following information reviews that it had talked with Trump representatives about becoming a member of forces earlier than promoting its personal inventory to the general public for the primary time, a potential violation of safety guidelines.
Digital World and Trump’s enterprise have additionally been subpoenaed in a federal prison probe. The Monetary Business Regulatory Authority is wanting into violations of inventory buying and selling guidelines, too.
The SEC probe particularly is a severe setback for the corporate as a result of the company must log off on the Digital World-Trump merger for it to undergo. Trump has known as the investigations politically motivated “witch hunts.”
A merger would launch to Trump Media $290 million held by Digital World and one other $1 billion that personal traders had dedicated to the mixed firm. Till then, Trump’s firm is by itself, paying workers, leases and different bills from $36 million raised from gross sales of promissory notes final 12 months and earlier this 12 months.
Fact Social was launched as a free speech, “huge tent” various to Twitter after Trump was banned by the platform following final 12 months’s Jan. 6 Capitol rebel. Trump not often posted on the app within the weeks after it was launched in February, however now could be recurrently sending his model of tweets — known as truths — to rally supporters following the FBI seizure of confidential authorities paperwork at his Mar-a-Lago membership in Florida final month.
Within the proposed merger, Trump is hoping to money in on a latest investing development involving dangerous shell corporations known as particular buy acquisition corporations, or SPACs, that haven’t any services or products to promote and are arrange solely to merge with a enterprise with one.
As soon as wildly common, shares of many highflying SPACs have plunged in worth and plenty of others have been liquidated with out finishing mergers. SPACs, additionally known as blank-check corporations, are allowed a fast path to go public with out many disclosures however provided that they haven’t but had substantial dialogue with a potential merger associate, a potential focus of the Digital World investigations.
“The SEC has needlessly delayed its evaluate of our proposed merger, inflicting actual and pointless monetary hurt” to traders, stated Trump Media in an announcement. “The SEC must put aside any improper political concerns and convey its evaluate to a swift conclusion.”
World
Ron Ely, Star of TV’s Tarzan, Cause of Death Revealed
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World
Scientists study ‘very rare’ frozen remains of 35,000-year-old saber-toothed cub
A mummified saber-toothed cub of a catlike animal dating back 35,000 years was left almost perfectly preserved in Siberia’s permafrost.
The remains had been found back in 2020, northeast of Yakutia, Russia. Research regarding the study of the cub was published in the journal Scientific Reports on November 14, 2024.
The discovery of frozen remains from the Late Pleistocene period is “very rare,” according to the published research, though most discovered in Russia lie in the Indigirka River basin, the authors note.
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The mummified cub remained well-preserved, frozen in time for thousands of years. The frozen nature of this find left it in impressive condition, even still containing fur.
“The mummy body is covered with short, thick, soft, dark brown fur with hair about 20–30 mm long,” the authors wrote in the published research, also pointing out that the fur that was located on the back and neck of the cub was longer than the hair that was found on the legs.
The head of the mummy was also left well-preserved, down to its chest, front arms and paws.
IRISH FARMER FINDS NEAR-60-POUND SLAB OF ANCIENT BOG BUTTER ON HIS LAND BY ‘PURE LUCK’
The study of this find wasn’t just a unique opportunity for scientists, it also provided first-of-its kind research.
“For the first time in the history of paleontology, the appearance of an extinct mammal that has no analogues in the modern fauna has been studied,” the authors of the study explained.
The scientists determined that the cub had died at about three weeks old. It was identified by the authors of the study as belonging to the species Homotherium latidens and had many differentiations from a modern lion cub of a similar age.
The shape of the muzzle displayed by the mummified cub, which had a large mouth and small ears, plus a “massive” neck, long forelimbs and a darker colored coat, were all among key differences from today’s modern lion cubs that scientists observed.
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Scientists also worked in their research to find out how the extinct species was able to survive through frigid temperatures.
Large contributors to their survival were the shape of the large paws and absence of carpal pads. Scientists believe these elements helped them get through the snow.
In recent years, there have been other ancient animals found in Siberian permafrost.
For example, in 2021, a mummified wolf was discovered that dated back over 44,000 years, Live Science reported in June 2024.
World
More than 100 Palestinians killed in Israeli attacks on Gaza in 48 hours
Director of the Kamal Adwan hospital says several staff wounded in Israeli bombardment.
At least 120 people have been killed in Israeli attacks on Gaza in two days, Palestinian health officials said, as Israel intensified its bombardment across the besieged territory.
At least seven people were killed when a residential home was hit overnight in the Zeitoun suburb of Gaza City, health officials said on Saturday. The other deaths were recorded in central and southern Gaza.
Israeli air raids caused significant damage to al-Faruq Mosque in the Nuseirat refugee camp in central Gaza, according to a social media video verified by Al Jazeera.
Israeli forces also deepened their ground offensive and bombardment of northern Gaza, where one of the last partially operating hospitals was hit, wounding several workers.
Hussam Abu Safia, director of the Kamal Adwan Hospital, said in a statement on Saturday that Israeli forces “directly targeted the entrance to the emergency and reception area several times, as well as the hospital courtyards, electrical generators, and hospital gates”.
The bombardment “resulted in 12 injuries among doctors, nurses, and administrative staff within the emergency and reception areas”, he said.
The Israeli military rejected the allegations and said it was “not aware of a strike in the area of the Kamal Adwan Hospital” following an initial review of the situation.
On Friday, Gaza’s Ministry of Health said hospitals have fuel left for only about two days before it needs to start restricting services.
Israel’s military imposed a siege and launched a renewed ground offensive in northern Gaza last month, saying it aimed to stop Hamas fighters from waging more attacks and regrouping in the area.
The United Nations warned earlier this week that almost no aid had been delivered to northern Gaza since Israel’s renewed offensive as aid groups and food security experts warn of a famine in the area.
In a call with Defence Minister Israel Katz on Saturday, United States Defense Secretary Lloyd Austin pressed Israel to “take steps to improve the dire humanitarian condition in Gaza”, the Pentagon said.
Israel’s assault on Gaza has killed more than 44,000 people and wounded more than 104,000 since October 2023, according to Palestinian health officials.
Israel launched its assault on Gaza after the Hamas-led attacks on southern Israel on October 7, 2023, in which at least 1,139 people were killed and about 250 others seized as captives.
A spokesperson for the armed wing of Hamas, Abu Ubaida, said later on Saturday that a female Israeli captive in the group’s custody had been killed in northern Gaza in an area under attack by Israel’s forces.
“The life of another female prisoner who used to be with her remains in imminent danger,” he added, accusing the government of Prime Minister Benjamin Netanyahu of being responsible and of undermining efforts to end the war.
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