Air-Taxi Startup Vertical Goes Hybrid in Pivot Toward Defense
The hybrid aircraft will be able to travel up to 1,000 miles, ten times further than its current prototype, Vertical said Monday. The new model has been in development for 18 months, and flight testing is expected to begin in the second quarter of 2026.
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New York Times
43 minutes ago
- New York Times
Sir Jim Ratcliffe's INEOS counter-suing Tottenham relating to Harry Kane's Bayern Munich move
Sir Jim Ratcliffe's car company INEOS Automotive is counter-suing Tottenham Hotspur for more than £1million. In legal documents filed to the High Court earlier this month, INEOS' lawyers have disputed Tottenham's claim from June, in which the Premier League club sued the company for £11million ($14.8m). Advertisement The legal dispute centres on the 'Official Partnership Agreement' between Tottenham and INEOS that was signed in December 2022. This agreement was intended to grant INEOS commercial sponsorship rights for almost five years, specifically relating to the 'INEOS Grenadier' brand in exchange for almost £17.5m in sponsorship fees, not including indexation. That sponsorship deal has now collapsed. Tottenham argued in their 'Particulars of Claim', filed to the High Court in June and seen by The Athletic, that they terminated the agreement on March 11 this year. They cited INEOS' failure to pay an indexation payment of almost £480,000, which was due by 16 August 2024, and a sponsorship fee of £5.1m, which was due by 1 December 2024, as well as another interest charge of almost £300,000. Tottenham's claim describes the failure to pay as a 'material breach of the agreement'. Tottenham have also claimed damages of more than £5.2m for breach of contract. INEOS has always maintained their right to terminate the agreement. In INEOS' 'Defence and Counterclaim', also seen by The Athletic, they argue that the company wrote to terminate the agreement in a letter dated December 6 2024, in effect from 30 June 2025. Their argument is that neither the indexation payment of almost £480,000 nor the sponsorship fee of £5.1m are therefore payable. INEOS further argue that Tottenham were 'not entitled to terminate the Agreement'. INEOS' counterclaim argues that Tottenham 'failed to grant' INEOS rights from 11 March 2025, when they wrote to INEOS to terminate the agreement, until 30 June 2025, 'when the Agreement terminated pursuant to the INEOS Termination Letter'. For these 112 days, INEOS has claimed damages of £1,073,972.60. The INEOS' counterclaim also makes reference to discussions between Tottenham and German car giant Audi at the time that Harry Kane was transferred from Tottenham to Bayern Munich in the summer of 2023. The 'Defence and Counterclaim' starts by referring to a 'highly significant series of events' in which Tottenham 'started negotiating with a major competitor to INEOS'. The counterclaim argues that the club 'was not entitled to have discussions with a Competitor in connection with any rights which were the same as, or substantially similar to, the Rights granted to INEOS'. Advertisement The document states that, on August 3 2023, Tottenham's then-chief commercial officer Todd Kline told INEOS chairman Ashley Reed he 'had been in discussions' with Audi: 'According to Mr Kline, the discussions and/or negotiations related to a proposed transfer of the Club's player Harry Kane to the German club FC Bayern Munich.' According to the document, this led to discussions which brought about a new agreement between Tottenham and INEOS, under the terms of which INEOS had the right to terminate the agreement after its third year, provided that INEOS provided the Club with no less than six months' written notice. Tottenham Hotspur declined to comment. Spot the pattern. Connect the terms Find the hidden link between sports terms Play today's puzzle
Forbes
an hour ago
- Forbes
Potential Tailwinds Blowing For This Aerospace Stock
Aerospace and defense stock Rocket Lab Corp (RKLB) has been chopping lower since its July 17 record high of $53.44. The stock could be ready for a short-term pop, however, as the recent pullback has it flashing a historically bullish signal. Per Schaeffer's Senior Quantitative Analyst Rocky White, RKLB is within 0.75 of the 50-day trendline's 20-day average true range (ATR), after spending at least 80% of the last 10 days and 80% of the last two months above it. Over the past three years, six similar signals have occurred, after which the equity was higher one month later 67% of the time, averaging a 13.9% gain. A move of similar magnitude from the stock's current perch of $40.16 would put it at $45.74, much closer to its recent peak. RKLB's 14-day relative strength index (RSI) of 19.98 sits firmly in "oversold" territory, which typically precedes a short-term bounce. Furthermore, short interest currently represents 11.3% of the stock's available float, leaving plenty for a short covering potential. An unwinding of pessimism amongst options traders could provide tailwinds as well. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Rocket Lab stock's 10-day put/call volume ratio of 0.98 ranks higher than 98% of readings from the past year. So while calls are still winning out on an absolute basis, put traders have been chiming in at a much faster-than-usual rate.
Yahoo
an hour ago
- Yahoo
Nitrogen Unveils AI Meeting Center, Delivers Free Upgrades to Advisors Using Investment Research & Proposal Generation Products
AUBURN, Calif., August 20, 2025--(BUSINESS WIRE)--Nitrogen, the leading developer of integrated risk tolerance, proposal generation, investment research, and planning software for advisors, today announced the availability of its Q3 2025 product release. During the launch event, Nitrogen showcased AI Meeting Center along with significant upgrades to Firm Controls, Risk Center, Planning Center, and Research Center—continuing its mission to equip advisors with the tools they need to deliver personalized advice at scale. "Our mission is to empower the world to invest fearlessly, and that means building technology that removes friction, speeds up workflows, and strengthens client relationships," said Justin Boatman, Chief Product Officer at Nitrogen. "This release is packed with advisor feedback brought to life, from making meetings more efficient with AI Meeting Center to giving firms deeper visibility into their holdings, risk alignment, and portfolio optimization." Highlights from the Q3 2025 Product Launch AI Meeting Center – A purpose-built, compliant meeting assistant that automatically generates curated, categorized, and editable meeting notes without storing transcripts or recordings. Integrated with Zoom, Google, Microsoft, Salesforce, and Redtail (with Wealthbox coming soon), AI Meeting Center is available at no additional cost for Nitrogen Complete users and as an add-on for other plans. This tool helps advisors save time, reduce administrative burden, and maintain compliance during client meetings. Firm Controls – Firm Controls redefines firm-wide oversight by seamlessly integrating advisor-defined households from Risk Center into a unified, turnkey dashboard. Designed to eliminate onboarding friction and minimize data inconsistencies, this evolution turns a historically manual implementation process into a fully automated, intelligent integration. Risk Center – Known for its risk alignment and proposal tools, Risk Center now includes: Asset Class Drill-Downs to identify the holdings driving exposure in each category. Smart Template Matching for file imports, letting AI detect and map formats automatically, no template selection required. Planning Center – The platform's financial planning tool now offers a more flexible interface with collapsible timeline events, making it easier to model client goals and retirement income streams. Research Center – Nitrogen's investment analytics and research hub now offers two major enhancements designed to help advisors evaluate and optimize portfolios more efficiently: Allocation Optimizer calculates the most efficient portfolio allocations to meet a client's target Risk Number. Advisors can set parameters, compare solutions, and implement changes instantly and all within the same workspace. Sandbox to test adjustments directly within the Stats tab without overriding existing data or leaving the page. Advisors can experiment with changes to an existing Portfolio or Model in real time, making Sandbox a popular tool for fine-tuning portfolio attributes before committing to a proposal. These updates come at a time when wealth management firms are under pressure to deliver more personalized advice, prove their value to clients, and navigate increasing regulatory scrutiny. AI Meeting Center addresses the industry-wide challenge of meeting administration, freeing up advisor time for higher-value client interactions. Expanded oversight tools like the Holdings Dashboard respond to firms' need for more transparency and control over portfolio risk. "Technology that's built for advisors, not retrofitted from other industries, can directly impact client trust, growth, and retention," Boatman added. "We believe these capabilities will become table stakes for leading advisory firms in the next few years." The Q3 2025 release is available now. Advisors can learn more, view demos, and explore training resources at ABOUT NITROGEN Nitrogen has been revolutionizing how financial advisors and wealth management firms engage with their clients since the launch of Riskalyze in 2011. Today, Nitrogen offers an integrated client engagement software platform featuring risk tolerance, proposal generation, investment research, and financial planning tools designed to help firms and financial advisors deliver personalized advice. The company invented the Risk Number®, built on top of a Nobel Prize-winning academic framework, and is the champion of the Fearless Investing Movement — tens of thousands of financial advisors committed to our mission of empowering the world to invest fearlessly. To learn more, visit View source version on Contacts MEDIA CONTACTAllie Zendrian | 516-581-7202 | allie@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
