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Mystery investor's attempt to stop Canoo asset sale shot down by judge
Mystery investor's attempt to stop Canoo asset sale shot down by judge

TechCrunch

time16-05-2025

  • Business
  • TechCrunch

Mystery investor's attempt to stop Canoo asset sale shot down by judge

The judge in Canoo's bankruptcy case has blocked an attempt by a mysterious financier to disrupt the sale of the EV startup's assets. In a hearing Tuesday, Judge Brendan Linehan Shannon ruled the financier, a UK-based man named Charles Garson, lacked standing to request the sale to Canoo's own CEO be vacated. While Garson had told the court he was willing to pay as much as $20 million for Canoo's assets, he missed the deadline to formally submit that bid. Garson also never made it clear where he was sourcing that money from, causing the bankruptcy trustee in the case to raise concerns the bid could get blocked by the Committee on Foreign Investment in the United States. The last remaining challenge to the asset sale comes from Harbinger Motors, a commercial electric trucking startup created by a handful of former Canoo employees. Harbinger objected to the sale before it was finalized in April. The judge denied Harbinger's objection, but the company has since appealed that decision. Jason Angelo, a lawyer for Garson, framed his client's attempt to disrupt the sale as a 'David versus Goliath type matter.' Angelo tried to make the case during the hearing that Garson's conversations with the bankruptcy trustee — which were submitted to the court under seal — led him to believe he had until the end of April to formalize a bid. He also repeated the claims made in Garson's original filing about the sale allegedly being unfair because the assets ultimately went to Canoo's CEO Anthony Aquila. 'I think it would make sense here to allow a redo, so to speak,' Angelo said, citing 'the sincerity and earnestness' of his client. 'I know that is asking a lot, I do.' Mark Felger, the lawyer representing the bankruptcy trustee, disagreed by saying there was little in dispute and the negotiations were fair. 'We think it's pretty clear-cut in terms of the facts. There's no he said, she said,' he told the judge. 'Your Honor, it's all in the emails. I've read them over many, many times. I don't see any miscommunication. I don't see any deception. It was clear how we were proceeding. He knew there was a sale hearing on the ninth, and he chose not to file anything.' Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Regarding the fairness of the sale process, Felger said he and the trustee 'were concerned about this insider sale [to the CEO].' 'But they're the ones who stepped up, right and we negotiated hard. We went back and forth a dozen times on that agreement,' he said. Felger also repeated the trustee's claims, made in earlier filings and testimony, that the cost of maintaining Canoo's assets — especially its battery packs — was costing too much money. Letting a sale process drag out for too long could damage the value of the estate, he said. Judge Shannon, after hearing the arguments from Angelo, Felger, and a lawyer for Aquila, ruled swiftly against Garson. He said the financier lacked standing to properly argue his motion to vacate the sale, since he is not owed any money by Canoo and did not submit a formal bid before the deadline. 'I am sympathetic to Mr. Garson's frustration at what I sense and am satisfied is a genuine interest to provide a superior bid and purchase these assets,' Shannon said. 'But it was a complex process run by the chapter seven trustee that I don't think Mr. Garson had a full handle on exactly what the process was, and what was necessary in order to fully engage in that process.' Shannon also pointed out it was made clear to the trustee from the beginning who Aquila was, and that his role as CEO alone did not preclude him from buying his company's assets.

EV startup Harbinger unveils new hybrid van platform to attract more fleet customers
EV startup Harbinger unveils new hybrid van platform to attract more fleet customers

TimesLIVE

time29-04-2025

  • Automotive
  • TimesLIVE

EV startup Harbinger unveils new hybrid van platform to attract more fleet customers

Electric vehicle startup Harbinger launched a new petrol-electric hybrid vehicle platform for medium-duty vans on Monday as it looks to attract a broader range of fleet customers. Hybrid vehicles offer fleet customers an easier transition to electric vehicles by reducing the dependence on expensive charging infrastructure while delivering benefits such as longer range and lower fuel consumption. "Some target fleet customers for the hybrid chassis are those with longer routes, unpredictable days, limited charging access, multi-shift schedules and middle-mile distribution," Harbinger CEO John Harris told Reuters. Backed by early Tesla investor Capricorn Investment Group and Tiger Global, Harbinger's new vehicle platform, with a range of 800km between charges, will have electric motors to drive the wheels and a petrol engine to recharge the battery. Customers can also choose to plug in the vehicle to charge the battery. Harbinger's platform, set to be delivered next year, is a vehicle frame with all the main parts such as an electric motor, battery, engine, steering and brakes designed for medium-sized vehicles including delivery vans, recreational vehicles and emergency trucks. The company will send its chassis to dealers or customers, who work with another company to add a body to it, which is the usual process in the medium-duty vehicle industry. Harbinger said last week Tesla-supplier Panasonic will be its vendor for EV battery cells. The companies expect to localise cell supply by making them at the Japanese firm's Kansas facility. The startup said its new hybrid platform will be priced competitively with diesel models after factoring in federal incentives under the inflation deduction act. Harbinger also introduced a programme under which buyers will receive a cost reduction comparable to the IRA tax credits if they were removed by US President Donald's Trump administration.

Callused hands? Protect yourself with the best workout gloves, according to fitness pros
Callused hands? Protect yourself with the best workout gloves, according to fitness pros

CNN

time25-04-2025

  • Health
  • CNN

Callused hands? Protect yourself with the best workout gloves, according to fitness pros

If you're looking to get a better handle on your fitness routine, workout gloves might be the answer. Unlike a typical running glove you'd wear to shield your hands from the elements, workout gloves protect your fingers and palms from abrasive fitness gear. 'Anything that involves friction between your hands and the bar is where they shine,' Kollins Ezekh, celebrity personal trainer and founder of Members Only Boxing & Fitness, said. 'I've noticed that for Olympic lifts or serious powerlifting, some people prefer going without them since they want to feel the bar directly, but for general strength training, gloves make a big difference.' Below, you'll learn exactly what to look for in the ideal pair of workout gloves, which specific models are worth shopping for, and workout ideas that can benefit from a grippy pair of workout gloves. Harbinger Men's Power Gloves 3.0 'People praise Harbinger for wrist support, comfort and good value for your dollar [since you'll get] good mileage on them,' Adam Shore, naturopathic doctor and health and fitness coach at Brodybuilding Fitness, said. Harbinger Women's Power Gloves 3.0 He also thinks these gloves offer solid wrist support and durability, making them optimal for heavy lifts. 'To have a balanced profile of comfort, quality and cost-effectiveness, my clients have reported great value in Harbinger,' Shore said. Bear KompleX 3 Hole Carbon Hand Grips Less is more when it comes to CrossFit and workout gloves. This option made of durable synthetic carbon fiber offers you everything you need, grip and protection, and nothing extraneous. 'If you're into CrossFit or calisthenics, Bear KompleX 3-Hole Hand Grips are great for pull-ups and bar work since they protect the hands without covering them entirely,' Ezekh said. RDX Weightlifting Gloves For maximum comfort and protection during weightlifting, opt for Shore's padded pick. 'The padding stands out from other brands and provides the best overall value for the average gym-goer,' he said. EVA foam padding aside, they're complete with a handful of elements that'll make your hands happy mid-lift: pull-tabs to reveal your fingers on the fly, a hook-and-loop closure for customized support and a cotton towel fabric patch to wick away sweat. Atercel Workout Gloves Professional cyclists are on to something by wearing gloves during long rides. All that hanging over a bike's handlebars places undue stress on the delicate skin of your fingers, putting you at risk for calluses. Smooth the ride with these biker-friendly workout gloves, complete with padded foam cushioning, breathable air vents, a towel panel to wipe that sweat off your brow and nonslip silicone gel grips to keep you feeling secure on all types of Men's Pro Wristwrap Gloves 3.0 'If I had to recommend a solid option, Harbinger Pro Wristwrap Gloves are a great pick if you need extra wrist stability, especially for pressing movements or heavier lifts,' Ezekh said. 'They're durable and give good protection.' Harbinger Women's Pro Wristwrap Gloves 3.0 Not only do these expert-endorsed workout gloves grant you ample wrist support, but they provide four-way stretch to support joint mobility, along with a padded grip to keep you Men's Ultimate Fitness Gloves Promote range of motion with these minimalist, fingerless workout gloves. 'For something more lightweight, I personally like Nike Ultimate Fitness Gloves because they're breathable and don't feel too bulky,' Ezekh said. Nike Women's Ultimate Fitness Gloves High-density foam offers padding without bulk on these women's gloves, while breathable mesh provides ventilation during heavy Men's Beastmode Full-Finger Workout Gloves Despite their full coverage, these gloves are designed to promote range of motion so you can move with proper form. Unlike most brands, they're available in up to 3XL sizing to suit an even wider range of weightlifters. Bionic Women's Beastmode Full-Finger Workout Gloves For even more protection against abrasive equipment, go full 'beast mode' with Bionic Women's Beastmode Full-Finger Workout Gloves, which work to prevent calluses and blisters. You'll certainly appreciate their touchscreen compatibility, so you can keep them on while you track your stats (and personal records!) on your phone. Trideer Padded Workout Gloves Instead of slipping into the habit of bare-handed lifts, opt for these extra-grippy workout gloves that feature hexagonal silica gel pads for extra grip. Below their layer of traction, you'll experience lifter's bliss thanks to full-palm padding and a wrist strap for support. Breathable fabrics like microfiber and mesh at the back of the hand sweeten the deal for a cooler way to work out. Pull tabs at each finger make on and off a breeze. Gymshark Legacy Lifting Gloves 'For those looking for a vegan-friendly option, some brands offer synthetic leather gloves that hold up just as well as traditional leather ones, and I think they're a great choice,' Ezekh said. Instead of paying a premium for genuine leather, save a couple bucks with these poly-blend faux leather workout gloves, offering ample stretch. Their Velcro closure allows for easy one-handed adjustment, while their padded palms and breathable mesh layers contribute to your comfort and overall enjoyment of upper body day. Uqooqfa Weightlifting Gloves If you're looking for the benefits of workout gloves without having to generate excess body heat, consider these highly minimalist grips made of flexible rubber that serve as a solid glove alternative. While they don't offer the wrist support of a traditional glove, you'll love the way these grips provide maximal traction without the excess fabric around your hand. When it comes to breathability and temperature regulation, this option is unmatched. Fit Your workout gloves will only offer benefits if they're sized correctly. 'Given that your hands will become 'pumped' from gripping, as any muscular region would when working out, you want to make sure there's a bit of play between your hands and the material,' Shore said. 'This is simply to avoid completely restricting blood flow once your hands become pumped with blood.' To find your ideal fit, measure the circumference and length of your hand, then cross-reference those dimensions with the sizing chart on the specific model's product page. Shore adds that the proper fit shouldn't be much larger than other gloves you would wear in other contexts. 'But they should be just [roomy] enough to account for the moderate expansion of your hands.' Padding Padding won't only help offset some of that friction, but it can help contribute to your overall comfort during a grueling workout. 'In my opinion, the best gloves have padded palms to ease pressure on my hands while lifting and a solid grip, especially if I'm doing heavier sets,' Ezekh said. Grip Get a grip on a heavy set with the helping hand of a workout glove. 'I personally like gloves with a rubberized or silicone grip because they keep the weights from slipping, even when my hands get sweaty,' Ezekh said. Breathability When you're working out, the last thing you need is a bulky layer to promote even more sweat production. 'Breathability is huge for me too,' Ezekh said. 'I can't stand gloves that feel too hot or make my hands sweat more than they need to. That's why I look for ones made with mesh or lightweight fabric to keep things cool.' Adjustable straps Your workout gloves don't only act as a barrier between your hands and the bar, but they can actually serve as crucial wrist support for added safety. 'Adjustable wrist straps are another key feature I always check for since they give extra wrist support, which helps during heavier lifts,' Ezekh said. The following FAQs have been answered by personal trainer Kollins Ezekh and health and fitness coach Adam Shore. What type of exercises are workout gloves best for? What type of exercises are workout gloves best for? Workout gloves fare best for movements with heavy pushing and pulling actions like weightlifting, pull-ups, pulldowns, kettlebell training and rowing, according to Ezekh. If your hands tend to produce sweat while you work out regardless of the movement, Shore notes they'll be beneficial any time you're gripping equipment. Do workout gloves help prevent calluses? Do workout gloves help prevent calluses? Ill-fitting workout gloves might fold into the skin and contribute to calluses, according to Shore. Our experts agree that if they fit properly, your workout gloves may help reduce calluses but won't completely prevent them. That said, wearing gloves can help prevent blisters. What is the best way to wash workout gloves? What is the best way to wash workout gloves? To remove bacteria and odors, Ezekh recommends hand washing your workout gloves in cold water with mild detergent or turn them inside out and soak them in water and vinegar. Then, Shore suggests letting them air dry since placing them in the dryer can shrink or damage the material. For this article, we consulted the following experts to gain their professional insights. Kollins Ezekh, celebrity trainer with clientele including Shay Mitchell and 'Aladdin's' Mena Massoud, and founder of Members Only Boxing and Fitness Adam Shore, naturopathic doctor and health and fitness coach at Brodybuilding Fitness CNN Underscored has a team of writers and editors who have many years of experience testing, researching and recommending products, and they ensure each article is carefully edited and products are properly vetted. We talk to top experts when relevant to make certain we are testing each product accurately, recommending only the best products and considering the pros and cons of each item. The writer of this story, contributing editor and writer Marissa Miller, has 15 years of experience testing and reporting on all things health and wellness, while also serving as a certified personal trainer from the American Council on Exercise with a specialization in orthopedic exercise. For this article, she spoke to two other personal trainers to gain their professional insights on how to select the best workout gloves.

Harbinger Health Unveils Promising New Data on Early Cancer Detection Platform at AACR 2025
Harbinger Health Unveils Promising New Data on Early Cancer Detection Platform at AACR 2025

Yahoo

time25-04-2025

  • Health
  • Yahoo

Harbinger Health Unveils Promising New Data on Early Cancer Detection Platform at AACR 2025

Novel analytical framework establishes a clinically meaningful performance assessment of blood-based early detection tests Innovative methodology enhances cancer signal detection, boosts specificity and predictive value Presentations further validate the HarbingerHx platform and its utility in early cancer detection CAMBRIDGE, Mass., April 25, 2025 (GLOBE NEWSWIRE) -- Harbinger Health, a biotechnology company pioneering the detection of early cancer, today announced the presentation of two late-breaking presentations at the American Association for Cancer Research (AACR) Annual Meeting in Chicago, Illinois from April 25-30, 2025. Presentations describe innovations that establish both a novel analytical framework and an enhanced laboratory methodology that improve the performance assessment and clinical utility of Harbinger's blood-based multi-cancer early detection (MCED) tests. Harbinger Health is pioneering the detection of early cancer and enabling foundationally new approaches to cancer screening, diagnosis and management by bringing together unique insights into the biology of cancer's origin with artificial intelligence and the latest screening technologies. The company has developed a platform for developing novel diagnostic and screening products in multiple clinical settings and cancer indications. 'While innovations in cancer therapy have revolutionized the treatment landscape, the tools to detect and diagnose it early when survival rates are highest have lagged behind,' said Hutan Ashrafian, M.D., Ph.D., M.B.A, Chief Medical Officer. 'At Harbinger, our mission is to disrupt conventional cancer detection approaches that either lack an appropriately high diagnostic accuracy for clinically impactful outcomes or only provide detection for a single cancer at a time. By pioneering blood-based tests based on DNA methylation signatures with novel applications including sequential reflex testing and individualized analyses, we aim to provide solutions that give physicians highly accurate and reliable information to get their patients on the right treatment pathways, right away. The data presented today underscore our commitment to setting a new standard in quantifying test performance, with the ultimate goal of adequately informing earlier clinical intervention and improving outcomes for patients across a wide spectrum of cancers.' Harbinger conducted the Cancer ORigin Epigenetics-Harbinger Health (CORE-HH) study (NCT05435066) to support the continued development and validation of Harbinger's platform technology for the detection of early-stage disease across multiple cancer types. The primary objectives of the case-controlled study, which enrolled a diverse and representative cohort of individuals with and without cancer, included evaluating the diagnostic accuracy of its proprietary assay and assessing its ability to determine cancer tissue of origin. Data and samples collected as part of CORE-HH formed the basis for the development and evaluation of the novel analytical framework and methodology presented at the AACR Annual Meeting 2025. Key highlights from the late-breaking presentations include: Title: Sharpening the signal: Enhancing liquid biopsy specificity through intra-individual methylation analysisDate: Tuesday, April 29, 2025Time: 9:00 a.m. – 12:00 p.m. CT in Section 51Key Highlights: A methodology based on Harbinger's proprietary methylation biomarkers and a paired intra-individual analysis (IIA)—comparing plasma-derived cell free DNA (cfDNA) to matched white blood cell (WBC)-derived genomic DNA (gDNA)—was developed and tested on CORE-HH data, to differentiate circulating tumor DNA (ctDNA) from background somatic noise. Harbinger combined two approaches: a cfDNA-based machine learning classifier (MLX) and a patient-specific intra-individual classifier (IIX), integrating them into a two-tier system. Together, these methods achieved higher overall specificity than either approach alone. When MLX and IIX were both set to a target specificity of 98.5%, the achieved sensitivity and specificity was 63.7% and 99.5% with a PPV of 54.8%, When MLX and IIX were both set to target specificities of 99.5%, the achieved sensitivity and specificity was 55.1% and 99.89% with a Positive Predictive Value (PPV) of 80.7%. Title: Novel performance quantification of MCED testing to aid clinical decisions: Analysis of a sequential reflex blood-based methylated ctDNA testDate: Tuesday, April 29, 2025Time: 9:00 a.m. – 12:00 p.m. CT in Section 51Key Highlights: A novel framework was developed for the performance assessment of MCED testing and applied to data from the CORE-HH study, quantifying clinically meaningful and actionable metrics relevant to real-world utility. The test achieved a specificity of 98.6%, representing an important benchmark for population-level screening resulting in a low false-positive rate critical to minimizing downstream diagnostic burden. Results demonstrate promise for the test to detect certain cancers currently lacking organized screening programs in the general population such as pancreaticobiliary (identification of 32 of 49 cases) and hepatobiliary cancer. Cancers with very high Positive Predictive Values (PPV) — upper gastrointestinal (91%), colorectal (77%), and hepatobiliary cancers (73%) — demonstrate exceptionally favorable risk-benefit profiles, as the high likelihood of true disease minimizes unnecessary interventions. About Harbinger Health Harbinger Health is leading a transformation in early cancer detection, introducing fundamentally new approaches to screening, diagnosis, and management. The company combines advances in artificial intelligence with proprietary insights into the biology of the beginnings of cancer to identify cancer before it is visible or symptomatic with the aim of developing a low-cost, multi-cancer blood test. Harbinger envisions a future where, instead of keeping cancer from spreading, it could be kept from forming, making a cancer diagnosis a routine health problem to be addressed rather than a life-altering event to be feared with profound implications for people, healthcare systems and societies. Harbinger was founded by Flagship Pioneering after three years of foundational research in its Labs unit and launched in 2020. Learn more about Harbinger by visiting or following us on LinkedIn. Media Contactpress@ in to access your portfolio

White House Unveils Bizarre Mix of Corporate Easter Egg Roll Sponsors
White House Unveils Bizarre Mix of Corporate Easter Egg Roll Sponsors

Yahoo

time19-04-2025

  • Business
  • Yahoo

White House Unveils Bizarre Mix of Corporate Easter Egg Roll Sponsors

On Monday Meta will join a strange crew of sponsors hopping to the White House for its annual Easter Egg Roll, which ironically takes place only blocks from the courthouse that will decide the company's fate. First Lady Melania Trump on Friday announced how eggcited she is for the partnership, which includes Meta's 'AI-Powered Experience and Photo Opportunity.' But critics say it's not all it's cracked up to be. In fact, the White House came under fire this year for using the historic children's event to generate extra cash. They sought corporate sponsorships for the event rather than relying on the typical peeps—the American Egg Board, which provides tens of thousands of eggs for the occasion. The jamboree also comes at an awkward time for the American public. Although eggs will shower the White House lawn, they'll be missing from most people's fridges as cartons reach a new record-high of $6.23 per dozen. President Donald Trump used an outside event company called Harbinger to solicit the sponsors. It advertised a corporate partnership ranging from $75,000 to $200,000, promising logo and branding opportunities, reported CNN. The White House Easter Egg Roll, which began in 1878, has long been privately funded. But now, Harbinger gets to rake in the big bucks for the White House Historical Association. Critics from both parties clucked their disapproval, noting that the solicitation brushes off decades-long precedent. Meta is not the only corporation reaping the rewards of its new alliance. Other tech companies like Jeff Bezos' Amazon and YouTube (owned by Google) will also play a role in the event. Non-tech sponsors include The Toy Association, the the National Confectioners Association, the International Fresh Produce Association, and Signature Brands, LLC, the parent company of Betty Crocker. In March, when asked about the spring festivities, a former official involved in planning the event told CNN that it has become 'an enterprise.' 'This is not your grandmother's Easter Egg Roll where people lined up outside the gate and go and roll an egg and get a little gift bag and walk out,' they added. The highest-paying sponsors get the best perks: 'Naming rights for key areas or elements,' 'Custom-branded baskets, snacks/beverages, or souvenirs,' 'sponsor logos featured on event signage,' and—oh, goody—a special 'invite-only brunch hosted inside the White House by FLOTUS,' among others. As major tech conglomerates flash their corporate power amidst the wholesome family fun, the government seeks to curb them only blocks away. The Federal Trade Commission is prosecuting an antitrust case that alleges Meta 'cemented' its monopoly after acquiring the apps Instagram and WhatsApp. If the FTC wins, the social media giant might be forced to sell both apps and concede some of its mounting power. Meta CEO Mark Zuckerberg testified in court for more than 10 hours this week, attempting to butter up his pal Trump. Zuckerberg has visited Mar-a-Lago and the White House multiple times and has held multiple meetings with White House officials, including chief of staff Susie Wiles. In a statement before the trial began, he seemed fairly confident that Meta would prevail. Others, who don't want it resurrected, believe that Easter miracles should be saved for someone else. Massive tech oligarchs like Zuckerberg rushed to cozy up to Trump after his November win. The president has especially formed close ties with Amazon owner Jeff Bezos and 'First Buddy' Elon Musk, who owns X. All three tech giants have signaled their MAGA loyalty by scrubbing their websites of statements or phrases related to diversity, equity, and inclusion (DEI). Bezos pulled the trigger in December, slashing any mention of LGBTQ+ rights, the word 'transgender,' and a commitment to 'equity for Black people' from his website. Zuckerberg, who donated $1 million to Trump before his inauguration, followed suit in January, rolling back fact-checking on his platforms and replacing it with a system similar to Musk's X. He cited Trump's win as 'a cultural tipping point.' And Musk, of course, is in many ways Trump's right-hand man, leading the charge to slash the federal government and annihilate any mention of DEI across the country. The Meta case comes to a head only months after former President Joe Biden issued an eerie warning in his concession speech, taking aim at the 'tech-industrial complex' and using his farewell to suggest 'the potential for the disastrous rise of misplaced power.' He added that 'Americans are being buried under an avalanche of misinformation and disinformation enabling the abuse of power. The free press is crumbling. Errors are disappearing. Social media is giving up on fact-checking. The truth is smothered by lies told for power and for profit.'

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