Elicio Therapeutics: Q2 Earnings Snapshot
On a per-share basis, the Boston-based company said it had a loss of 66 cents.
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Los Angeles Times
2 hours ago
- Los Angeles Times
Russian superyacht, with helideck and marble fireplace, was seized. Now you can bid on it
The Russian oligarch billionaire lifestyle can be yours for the potentially low, low price of tens of millions of dollars, courtesy of the U.S. federal government. The National Maritime Services, working on behalf of the U.S. Marshals Service, is auctioning off a superyacht, the $300-million-plus Amadea, which currently sits in a San Diego harbor, with a bid deposit starting at $10 million. Florida-based Fraser Yachts, the auction's promotional agents, described the prize 'as one of the most comprehensively equipped yachts in her class.' The 348-foot-long ship was built in 2017 and can comfortably host 16 guests in eight luxurious staterooms. An additional 21 cabins can house a professional crew of up to 36 workers. One of the ship's jewels is a glass elevator that serves all decks, while a second lift is available for crew. The yacht includes a glass-edged mosaic pool with submerged bar stools, and an outdoor bar area surrounded by sun pads (cushioned areas for perfecting your tan). The ship's main salon showcases a piano and marble fireplace. The yacht was designed by Espen Øino, the acclaimed Norwegian designer and naval architect, while its decadent interiors were created by designer François Zuretti. The ship has an ocean-crossing range of 8,000 nautical miles at a speed of 13 knots. For late-arriving quests, the Amadea also boasts a helideck. The U.S. Justice Department maintained in a 2023 civil forfeiture complaint that Russian oligarch Suleiman Kerimov was the ship's owner. Kerimov took possession of the vessel sometime around 2021, though his transactions were cloaked through shell companies, according to the complaint. Kerimov was sanctioned by the U.S. in 2018 and labeled a Specially Designated National for his alleged role in money laundering related to the purchase of French villas. The U.S. Department of the Treasury's Office of Foreign Assets Control determined Kerimov was a direct beneficiary of Russian President Vladimir Putin and 'played a key role in advancing Russia's malign activities,' which includes the invasion of Ukraine. The U.S. has said it's working with allies to put pressure on Russian oligarchs, some of whom are close to Putin and have had their yachts seized, to try to compel him to stop the war, the Associated Press reports. The Amadea was seized in Fiji in April 2022 and arrived in San Diego in June that year. The Southern District of New York ruled in March that the Amadea was to be forfeited to the federal government. That decision is being appealed by the man who claims to own the sumptuous vessel — Eduard Khudainatov, the non-sanctioned former chairman of Russian state-controlled oil giant Rosneft, according to the Associated Press. U.S. prosecutors maintain that Khudainatov is a straw owner of the yacht. On July 1, the Marshals Service authorized Fraser Yachts as the promotional agent for the sealed bid auction. The auction is being conducted in U.S. dollars and is running until 11 a.m. on Sept. 10 at The initial deposit necessary to make a bid is $10 million. All bids will remain sealed with the highest bidder winning the yacht. Should multiple participants tie with the top price, each bidder will be given a chance to increase their offering until a winner is determined.
Forbes
2 hours ago
- Forbes
Roman Anthony Signs An 8-Year $130 Million Extension With The Red Sox
About 90 minutes before the first pitch of the game between the Boston Red Sox and the Kansas City Royals on Wednesday night, rookie sensation Roman Anthony sat in a custom-made suit at a table in Boston's media room. He was there, along with team CEO Sam Kennedy and chief baseball office Craig Breslow, to announce his new eight-year, $130 million contract, that will keep him 'The Hub' until he is about thirty years old. At just 21 years of age, Roman Anthony has become a centimillionaire. Not bad work for a guy who just two months ago was in Triple-A and who has played only 47 career games. With the signing, Boston's 'Roman Empire' has officially begun. But the long-term deal should not come as a surprise to Red Sox Nation or baseball fans outside of New England. Anthony entered the season as Keith Law's No. 1 prospect, and is slashing .276/.392/.417 after getting off to a slow start (through his first 10 games, he was hitting .097, with just three hits and one home run; that, despite hitting at least five balls more than 100 MPH, and 15 more than 90 MPH). Since then, all he has done is slash .318/.430/.462, with 42 hits in 37 games. He has been an anchor in the Red Sox lineup, where manager Alex Cora now has him hitting leadoff. The extension is also in keeping with what the club has done as of late. Last season they signed 26-year-old pitcher Brayan Bello to a six-year, $55 million contract after just two big league seasons. The next month they locked up future Gold Glove centerfielder (when he is not playing above-average second base) Ceddanne Rafaela with an eight-year, $50 million deal. This was signed after he played in just 28 games. After Boston made a big off-season splash to acquire Garrett Crochet from the Chicago White Sox, they doubled down nearly immediately, giving him a six-year, $160 million extension. According to The that is the largest contract ever given to a pitcher with just four years of service time. And then, after playing just five games in the majors, the Red Sox signed infielder Kristian Campbell to an eight-year deal for $60 million. The long-term commitment didn't save Campbell from being demoted to Triple-A after he got off to a rough start (.223/.319/.345, with -0.8 bWAR through 67 games). After losing Mookie Betts – the team claimed he turned down a 10/$300 million offer, he claimed that never happened – the Red Sox are loathe to allow any potential franchise players to leave via free agency. It is for that reason they signed Rafael Devers to a 10-year, $313.5 million deal in 2024, which gave them the right/control to ship him off to San Francisco in June, making the team the scorner not the scornee. With respect to Anthony, the Red Sox broached the idea of a long-term deal with his reps prior to the season, but the player was not yet ready to commit, having not yet even taken a single at-bat at Fenway Park. After the trade deadline, Breslow reached out with a new proposal, which got Anthony's attention. At his pre-game press conference, the left-handed slugger said, 'When the offer came through, it was something that I wanted to move quick on. There was no doubt that this is where I wanted to play baseball for a long time.' The new deal buys out Anthony's arbitration years as well as three years of free agency, at an average annual value of $16.25 million. Boston is paying a $5 million signing bonus and has a $30 million club option for 2034, when Anthony will be just thirty years old. Taking a page from Julio Rodriguez's 2022 deal with the Seattle Mariners, according to Spotrac and Alex Speier of The Boston Globe, the current contract includes various and sundry escalators. To wit: So, if Anthony were to win the MVP award every season of the deal (including the option year), he could make himself an extra $80 million. And if he were playing that well, ostensibly he would make the All-Star team each of those seasons, which would add another $1.8 million. But Anthony does not need to be Barry Bonds (seven MVPs) or even Shohei Ohtani (three) to have this deal be a financial boon for a player who, just three months ago, could not legally buy a drink. Regardless of what the future holds, Roman Anthony has set himself and his family up for life, and the Red Sox have locked in yet another piece of their future at a reasonable rate. This is the rare win-win.
USA Today
2 hours ago
- USA Today
FDA issues warning as NuNaturals sweeteners recalled because of mislabeling
Two different recalls of NuNaturals sugar-free products were recently given the second-highest risk warning by the U.S. Food & Drug Administration. NuNaturals, Inc. initiated a voluntary recall for certain lots of its Organic Pure Stevia and Pure Monk Fruit Sweetener for a labeling mishap on July 14. Products labeled as Organic Pure Stevia actually contained Monk Fruit powder, while products labeled as Pure Monk Fruit Sweetener contained Stevia powder. Both recalls were given a Class II risk warning on Aug. 1. NuNaturals recalled a total of 156 bottles, consisting of 78 Organic Pure Stevia bottles and 78 Pure Monk Fruit Sweetener bottles. Both products were sold and distributed to retailers nationwide. It's not immediately clear what led up to the labelling error, or if the recalls impacted any consumers. USA TODAY reached out to the Eugene, Oregon-based company for comment. Here's what to know about the NuNaturals recall, including what to do with affected products. What is a Class II recall? According tothe FDA, a Class II recall denotes a "situation in which use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote." NuNaturals recall: Affected products, remedy A batch of two different NuNaturals sugar-free sweetener products, including Organic Pure Stevia and Pure Monk Fruit Sweetener, was impacted by the recall, which was initiated on July 14. Relevant information about each product, including best-by dates and universal product codes, is listed below. Organic Pure Stevia - 1 oz: Pure Monk Fruit Sweetener - 0.71 oz: The FDA and NuNaturals, Inc. have yet to offer guidance on what to do with the affected product or products, but USA TODAY has reached out to request clarification.
