Latest news with #EricThayer
Business Mayor
19-05-2025
- Business
- Business Mayor
Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images The Justice Department and Boeing are close to a deal that would allow the aerospace giant to avoid pleading guilty or a trial in a criminal case related to two deadly crashes of its 737 Max passenger jet, a person familiar with the matter said Friday. Boeing agreed to plead guilty in the case last summer in a deal with the Justice Department after the Biden administration found earlier that year that the company violated a 2021 agreement tied to the crashes. A judge rejected that plea deal last year, citing concerns about diversity, equity and inclusion, and opened the possibility that Boeing could face trial. The fraud charge stems from Boeing's development of the 737 Max. The U.S. had accused Boeing of misleading regulators about its inclusion of a flight-control system on the Max that was later implicated in the two crashes. Boeing Co. 737 Max fuselages at the company's manufacturing facility in Renton, Washington, US, on Tuesday, April 15, 2025. Bloomberg | Bloomberg | Getty Images A final, nonprosecution agreement hasn't been reached yet, said the person, who was speaking on condition of anonymity to discuss ongoing negotiations. The Justice Department didn't immediately comment, and Boeing declined to comment on the matter. Under the new agreement, Boeing could pay family members of victims of the two Max crashes. In total, the two crashes of the bestselling Boeing jet killed all 346 people on board the planes. The new tentative agreement, which was reported earlier Friday by Reuters, would mean Boeing wouldn't be labeled a felon. That label could have come with restrictions on defense contractor work. Boeing is the country's biggest exporter and, in addition to making commercial jetliners, it's a major defense contractor. The Trump administration recently awarded the company a multibillion-dollar contract to build a next-generation fighter jet. READ SOURCE
Newsweek
18-05-2025
- Health
- Newsweek
Palm Springs Fertility Clinic Issues Response After Bombing
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A Palm Springs fertility clinic that was targeted by a car explosion, according to authorities, has responded on social media to the "unexpected and tragic incident." The Context A bomb exploded outside a California fertility clinic, killing one person and injuring four others on Saturday. The incident happened around 11 a.m. local time near several businesses, including the American Reproductive Centers (ARC), which offers services including fertility evaluations, egg freezing and surrogacy. The FBI said the attack was an "intentional act of terrorism" that targeted the clinic. They added that they had a suspect, who had been killed in the blast, but did not name them. Sheriff's deputies walk near the scene of an explosion on Saturday, May 17, 2025, in Palm Springs, California. Sheriff's deputies walk near the scene of an explosion on Saturday, May 17, 2025, in Palm Springs, California. AP Photo/Eric Thayer What To Know ARC has now responded to the bombing, calling it a "unexpected and tragic incident." Dr. Maher Abdallah, who runs the ARC facility, said all his staff were safe and that the blast had not harmed the IVF fertilization lab where embryos are stored. "I really have no clue what happened," Abdallah told The Associated Press. "Thank God today happened to be a day that we have no patients." In a Facebook statement, the ARC expressed gratitude to police and emergency services and added that the facility would be fully operational on Monday. Part of the statement read: "At ARC, we believe in creating life—not just in the biological sense, but in the emotional and spiritual sense, too. We see this moment as a reminder to hold loved ones close, to show kindness whenever possible, and to continue our work with even more intention and heart. "From adversity, we choose hope. ARC will be fully operational on Monday morning, and our team is here to answer any concerns you may have. We appreciate the incredible support from our patients and local community, as well as the swift action of Palm Springs Police, Fire, and emergency responders." What People Are Saying Akil Davis, assistant director of the FBI's Los Angeles field office told reporters: "Make no mistake, this is an intentional act of terrorism." Bill Essayli, U.S. attorney of the Central District of California said on X, formerly Twitter: "We are aware of the explosion that occurred this morning in Palm Springs. FBI is on scene and will be investigating whether this was an intentional act. We will release as much information as possible once we are able to confirm details." Attorney General Pam Bondi on X: "I have been briefed on the explosion at a fertility clinic in Palm Springs, California that took place today. Federal agents are on the ground now responding alongside local law enforcement. We are working to learn more, but let me be clear: the Trump administration understands that women and mothers are the heartbeat of America. Violence against a fertility clinic is unforgivable." California Gavin Newsom wrote in a post on X: "I've been briefed on the explosion near a fertility clinic in Palm Springs. Jen and I are keeping everyone affected in our hearts. The state is working closely with local and federal authorities as the investigation unfolds. Please avoid the area." What Happens Next Authorities are still investigating the attack.
Toronto Sun
30-04-2025
- Automotive
- Toronto Sun
Mercedes, Stellantis scrap guidance as tariff chaos spreads
Published Apr 30, 2025 • 3 minute read Mercedes-Benz vehicles at a dealership in Tucson, Arizona. Photo by Eric Thayer / Photographer: Eric Thayer/Bloomb (Bloomberg) — President Donald Trump's tariffs prompted several of Europe's largest automakers to withdraw financial guidance, underlining the extent of the chaos unleashed by his fast-changing trade tactics. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Jeep owner Stellantis NV and Germany's Mercedes-Benz Group AG on Wednesday pulled their forecasts for this year citing the duties, which are upending supply chains and driving up car prices. Volkswagen AG left its outlook largely unchanged but warned it isn't yet factoring in the impact of the levies. The volatility sparked by the duties 'is too high to reliably assess' how business will develop this year, Mercedes said. The luxury-car maker warned that operating earnings, cash flow and margins would be hit if the current trade hurdles persist. Carmakers have struggled to tally the impact of the tariffs as the Trump administration continues to change its position, following up initial threats of tough levies with caveats, exemptions and delays. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The president signed directives on Tuesday to lift some duties on foreign parts and prevent multiple levies from stacking on top of each other. While the moves are expected to ease some of the burden on manufacturers and their suppliers, major questions — including whether the US will reach a trade deal with China — remain unanswered. 'Companies urgently need more clarity,' said Hildegard Müller, who heads Germany's VDA auto lobby. Trump's latest orders fall 'far short of what is needed and only reduce the imposed tariffs very slightly.' Aston Martin Lagonda Global Holdings Plc on Wednesday said it's limiting shipments of its luxury cars to the US and use up existing stock on dealer lots there to soften the tariff blow. The company doesn't make any vehicles in the US and already said it plans to raise prices on some cars there. This advertisement has not loaded yet, but your article continues below. Mercedes' stock declined in Frankfurt trading, while shares of Volkswagen and Aston Martin recovered earlier losses. Stellantis rose 1.4% as of 1:47 p.m. in Milan as analysts flagged stabilization in its North American business and stronger pricing across key regions. The company makes most of the cars it sells in the US locally, meaning it should benefit from Trump's latest reprieve. The president has argued the levies are necessary to boost domestic car production and employment. Auto-industry executives have warned imposing steep tariffs over the long term would work against that goal. General Motors Co. scrapped its guidance on Tuesday and is putting $4 billion in share buybacks on hold until it has more clarity on the duties. This advertisement has not loaded yet, but your article continues below. Trump's latest tariff changes are a 'good sign,' Stellantis CFO Doug Ostermann said during an earnings call, adding that the automaker is talking to suppliers about ways to use more US-made parts in its cars. Stellantis may need to recalibrate its investments in the region depending on how duties develop, he said. Volkswagen is ready to work with US policymakers on its production expansion plan and ways to mitigate the levies, Chief Financial Officer Arno Antlitz said Wednesday. Europe's largest automaker already manufactures some cars for the US market in Chattanooga, Tennessee. Less than a third of the cars the group sold in the US in 2024 were manufactured there, with the remainder imported from Mexico and Europe. This advertisement has not loaded yet, but your article continues below. Mercedes, which operates a factory in Tuscaloosa, Alabama, earlier this month said it's considering shifting another vehicle model to the US to counter the duties. The manufacturer currently ships Europe-made vehicles to North America while also producing cars in the US that are sold locally and exported to markets including China. Mercedes CFO Harald Wilhelm said tariffs would cut the company's automaking margin by 300 basis points this year if left unchanged, even when taking Trump's partial relief into account. That would reduce a previously guided range of 6% to 8% to as low as 3%. S&P Global Mobility, a market researcher whose forecasts are closely followed by Wall Street, slashed its outlook for annual global light vehicle production earlier this month, citing US tariff actions prior to this week's executive orders. The firm now expects automakers to build around 87.91 million vehicles this year, about 1.56 million fewer than it was estimating a month ago. Earlier this week, Porsche AG — one of the carmakers most exposed to duties, because it doesn't have a factory in the US — lowered its profit outlook and warned it's unable to estimate any tariff impacts from June. Volvo Car AB pulled its guidance and announced plans to slash costs by almost $2 billion. The trade hurdles add to problems the industry faces including high production costs, muted demand in Europe, and rising competition in China, where local carmakers led by BYD Co. are taking over. —With assistance from Jamie Nimmo, Joshua Gallu and Craig Trudell. Toronto Maple Leafs Toronto Maple Leafs Columnists Canada Celebrity
Toronto Sun
25-04-2025
- Business
- Toronto Sun
Trump moves to ramp up deep-sea mining for critical minerals
The permits could cover territory far beyond the U.S. Outer Continental Shelf as well as within U.S. coastal waters Published Apr 25, 2025 • 4 minute read Platforms C, B, A, and Hillhouse, offshore oil and gas platforms operated by DCOR, LLC, in the Dos Cuadras Field off the coast of Santa Barbara, California, US, on Monday, Jan. 15, 2024. Photo by Eric Thayer / Bloomberg U.S. President Donald Trump has signed an executive order intended to accelerate offshore mining and open new opportunities for extracting critical materials from the ocean floor despite the objections of environmentalists. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The measure directs the Commerce Department to speed up reviewing and issuing permits for exploration and commercial recovery under a 1980 law, according to senior White House officials who briefed reporters on the action Thursday. While the permits could cover territory far beyond the U.S. Outer Continental Shelf, the president is also setting in motion potential seabed mining within U.S. coastal waters. Under Trump's order, Interior Secretary Doug Burgum is charged with establishing a process for approving permits and granting licences for seabed mining in US waters, under the same law that has long governed oil drilling there. The White House in a fact sheet cast the order as one of several steps Trump has taken 'positioning the United States at the forefront of critical mineral production and innovation.' Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The president is also ordering a raft of reports, including a study of using the US National Defense Stockpile for minerals contained within sea deposits and an assessment of private-sector interest in the activity. The order directs the US International Development Finance Corporation and the US Export-Import Bank to study options for providing financing and other support for exploration, extraction, processing and environmental monitoring of seabed resources. Trump's directive comes amid increasing concern over new Chinese curbs on the export of rare-earth materials used in electric vehicle batteries, smartphones and other technology, a response to Trump's tariffs. China's moves have generated worries about obtaining alternate supplies for the metals given the country's dominance in mining and refining them. This advertisement has not loaded yet, but your article continues below. The executive order drew fire from Beijing. Trump's plan breaks international law because it will apply to areas of the sea floor that 'do not belong to any country,' China Foreign Ministry spokesman Guo Jiakun said on Friday at a daily press briefing. Economic Opportunities Deep-sea mining is seen by the administration as another avenue for extracting rare-earth elements such as manganese, cobalt, nickel and copper, helping wean the US off foreign suppliers and opening new export opportunities. Over 10 years, a seabed mineral extraction industry could yield 100,000 jobs and hundreds of billions of dollars in economic benefits, one of the White House officials said. Earlier: Deep-Sea Mining Race Amps Up as Rules Still Up in the Air This advertisement has not loaded yet, but your article continues below. Mining advocates have warned that without action, the US and allies risk forfeiting seabed mineral extraction to China. In a report earlier this month, RAND estimated that production from seabed mining would decrease metal prices and could produce enough nickel and cobalt to meet projected US demand in 2040. The materials are essential ingredients in lithium-ion batteries. Trump's order is expected to benefit The Metals Company, or TMC, which for years has sought to collect mineral-rich deposits that cover the sea floor in the Clarion-Clipperton Zone, international waters in the Pacific Ocean between Hawaii and Mexico. The Vancouver-based company's push has been complicated by a long-running debate over potential regulations from the United Nations-affiliated International Seabed Authority that governs the region. This advertisement has not loaded yet, but your article continues below. TMC said last month it was pursuing exploration licenses and commercial recovery permits from the Trump administration under the 45-year-old Deep Seabed Hard Mineral Resources Act. Any move to approve permits — with the US effectively circumventing the International Seabed Authority — has been criticized as a violation of the UN Convention on the Law of the Sea that established the body. It also threatens to disrupt more than a decade of negotiations to enact regulations that would allow mining to commence. Habitat Threat Environmentalists are seeking stiffer international regulation of deep-sea mining, warning that the activity could imperil key marine habitats and the organisms that live on the ocean bottom. This advertisement has not loaded yet, but your article continues below. Earlier: Deep-sea Regulators Condemn Miner's Bid to Seek Trump Approval The Law of the Sea Treaty established the ISA, but since the US is not a signatory, conservatives have argued the US government should not voluntarily submit to it. That treaty also reserved some mining areas in the Clarion-Clipperton Zone for the US in case the country eventually acceded to the convention. The US in turn enacted the deep sea mineral resources law, which spells out procedures for US companies to gain access to materials there. TMC holds two ISA licenses to prospect for cobalt, nickel and other metals found in polymetallic nodules — potato-sized rocks rich in those materials. TMC and other ISA-licensed companies, however, can't begin mining until the organization develops regulations to govern the practice. The company has defended its move to seek US permits. TMC Chief Executive Officer Gerard Barron told Bloomberg in a statement last month that the company had complied with the terms of its ISA contract but the organization failed to fulfill its duty under the treaty to enact regulations. 'I'm not sure why ISA member states act surprised that TMC is now looking at an alternative, longstanding regulatory regime,' he said at the time. Sunshine Girls Canada Toronto Maple Leafs Sunshine Girls Toronto & GTA
Yahoo
06-04-2025
- Sport
- Yahoo
Angels' Mike Trout is slugging his way past a slow start with home runs in 3 straight games
Los Angeles Angels' Mike Trout runs the bases after hitting a home run during the fifth inning of a baseball game against the Cleveland Guardians in Anaheim, Calif., Saturday, April 5, 2025. (AP Photo/Eric Thayer) Los Angeles Angels' Mike Trout runs the bases after hitting a home run during the fifth inning of a baseball game against the Cleveland Guardians in Anaheim, Calif., Saturday, April 5, 2025. (AP Photo/Eric Thayer) Los Angeles Angels' Mike Trout hits a home run during the fifth inning of a baseball game against the Cleveland Guardians in Anaheim, Calif., Saturday, April 5, 2025. (AP Photo/Eric Thayer) Los Angeles Angels' Mike Trout hits a home run during the fifth inning of a baseball game against the Cleveland Guardians in Anaheim, Calif., Saturday, April 5, 2025. (AP Photo/Eric Thayer) Los Angeles Angels' Mike Trout runs the bases after hitting a home run during the fifth inning of a baseball game against the Cleveland Guardians in Anaheim, Calif., Saturday, April 5, 2025. (AP Photo/Eric Thayer) Los Angeles Angels' Mike Trout runs the bases after hitting a home run during the fifth inning of a baseball game against the Cleveland Guardians in Anaheim, Calif., Saturday, April 5, 2025. (AP Photo/Eric Thayer) Los Angeles Angels' Mike Trout hits a home run during the fifth inning of a baseball game against the Cleveland Guardians in Anaheim, Calif., Saturday, April 5, 2025. (AP Photo/Eric Thayer) ANAHEIM, Calif. (AP) — Mike Trout saw everything in Tanner Bibee's repertoire during a 10-pitch at-bat in the third inning Saturday night. The Los Angeles Angels star waded through four fastballs, three sliders, one changeup and one cut-fastball from the Cleveland Guardians ace before striking out on a 95-mph sinker at the top of the zone. Advertisement Bibee's best pitch, a cutter that opponents hit just .141 (20 for 142) against last season, was the one that left Trout shaking his head. Trout fouled it off on the seventh pitch of the at-bat. 'I just missed it,' Trout said. He didn't miss the next one. Trout crushed Bibee's cutter 429 feet to center field for a tiebreaking two-run homer in the fifth inning, sparking a seven-run surge that pushed the Angels to a 10-4 win over the Guardians. 'I saw everything he had and he threw me a good changeup, too,' Trout said of his 10-pitch battle against Bibee. 'For sure, that helped me in (the fifth inning). I think I missed the same pitch in the previous at-bat.' Advertisement Trout, who's batting .172 this season, appears to be finding his stroke after getting just one single in 13 at-bats in his first four games. It's an encouraging sign for the three-time American League MVP who has played an average of just 67 games over the past four seasons, which have been marred by knee, hand, back and calf injuries. He has just one hit in each of his three last games — going 1 for 4 in each — but all three hits are homers. 'You're talking about Mike Trout,' Angels manager Ron Washington said. 'I keep hearing about what happened the last couple of years, but Mike Trout is Mike Trout. I'm not surprised by anything he does out there. Nothing. On the defensive side, on the basepaths, with the bat, I am not surprised.' Trout and Logan O'Hoppe have homered in three consecutive games, a first for O'Hoppe and the 16th time Trout has homered in at least three straight. It marked the first time in four years that the same two Angels players have homered in three straight games after Shohei Ohtani and Jared Walsh accomplished the feat June 18-20, 2021. Advertisement Trout, who has always struggled to hit high-velocity fastballs at the top of the zone, said he made an adjustment with the positioning of his hands entering the season, but he said his primary focus in the box is above the neck. 'I don't think it's mechanics, I think it's keeping the head still,' Trout said. 'When it sways back and forward, the ball starts moving, so I'm just trying to keep it simple. When the head is still, I see everything, and the swing is right.' — AP MLB:
