Latest news with #MichaelKlein
Yahoo
2 days ago
- Automotive
- Yahoo
PlusAI seals $1.2bn autonomous truck deal
Plus Automation, an AI-based virtual driver software for autonomous trucks and Churchill Capital Corp IX has announced a definitive business combination agreement, paving the way for the company to go public. The transaction values Plus at a pre-money equity value of $1.2bn and is expected to provide $300m in gross proceeds. Upon completion, the combined entity will be known as PlusAI. Churchill IX chairman and CEO Michael Klein said, 'Physical AI will be transformative across industries, and Churchill IX is excited to give public investors access to a leading company in the sector primed for AI-driven innovation. After evaluating many opportunities, we knew Plus was the right partner. 'Trucking is the backbone of the global economy but the industry faces a persistent driver shortage that autonomous trucking has the potential to solve. Broad adoption depends on confidence in vehicle performance and safety and Plus stands out with its advanced virtual driver platform and a customer-centric commercialization model led by OEM partners." The commercial rollout of SuperDrive trucks is anticipated by 2027. Klein added: "With a software-focused, capital-efficient model, Plus is well positioned to scale and we're excited to partner with their talented team to support the company's next phase of growth.' Founded in 2016 by Stanford University classmates David Liu and Shawn Kerrigan, Plus is headquartered in Santa Clara, California, US. The company specialises in developing AI-based virtual driver software for factory-built autonomous trucks. Plus has made strides in deploying its autonomous driving technology across the US, Europe, and Asia, logging over five million miles of driving. It supplies this software to Traton Group, Hyundai, and Iveco for heavy trucks. Its system, SuperDrive, has recently passed a crucial safety test and is undergoing trials in Texas and Sweden, with more planned for fall. SuperDrive will first cater to US manufacturers before moving to Europe, and Plus plans to offer it through a driver-as-a-service model for a steady revenue stream. "PlusAI seals $1.2bn autonomous truck deal" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
Fox News
6 days ago
- Business
- Fox News
Toxic heavy metals detected in popular rice brands across America, study shows
Heavy toxic metals could be in the rice you're about to buy at the grocery store. Healthy Babies, Bright Futures, a nonprofit organization based in Washington, D.C., that seeks to reduce babies' exposure to toxic chemicals, revealed that arsenic was found in 100% of the 145 rice samples purchased from stores throughout the United States. "We found four toxic heavy metals in rice – arsenic, cadmium, lead and mercury," according to the new report. "While each contaminant has different health effects, they can contribute to serious risks like cancer, developmental harm including IQ loss and accumulation in the body over time," the report said. The study included 10 forms of grain and more than 100 brands from stores in 20 different U.S. metropolitan areas, from Seattle to Los Angeles and New York to Miami. "Arsenic was found at the highest levels, with cadmium next," the report stated. One in four rice samples exceeded the federal limit set for arsenic in infant rice cereal, according to the study. "No such limit exists for rice itself – the bags and boxes of rice served at family meals – despite it being widely consumed by infants and toddlers," the report said. "Additionally, cadmium was found in all but one sample, with some showing elevated levels." Long-term exposure to arsenic from food and water can cause cancer and skin lesions, according to the World Health Organization. Michael Klein, a spokesperson for the USA Rice Federation, based in Arlington, Virginia, told Fox News Digital that American-grown rice "contains the lowest levels of inorganic arsenic in the world." "America's rice farmers and rice companies are fully committed to providing wholesome, high-quality and nutritious food." "America's rice farmers and rice companies are fully committed to providing wholesome, high-quality and nutritious food," Klein said. "We know that arsenic in food is alarming for many consumers and that you may have questions," he said. "And while we do not agree that there is a public health safety issue as a result of trace amounts of arsenic in rice, we will continue to work with the U.S. Food and Drug Administration (FDA) to ensure the U.S. rice supply meets any threshold established." Brown rice grown in the southeast or labeled "grown in the USA" had the highest average levels of heavy metals, data from the study showed. White rice grown in the southeast showed consistently higher levels of heavy metals, primarily arsenic, than rice grown in California, the data revealed. Thai jasmine rice and Indian basmati rice, as well as rice grown in California, generally contained lower heavy metal levels than other varieties tested. However, basmati rice from India and arborio rice from Italy had the highest average cadmium levels, per the study. Lead and mercury were found at the lowest levels, the study showed. "The U.S. rice industry does not dispute that there is arsenic in rice," Klein said. "Arsenic is found in virtually everything that grows in the ground." However, Klein called the data misleading — adding that every example highlighted in the new report is below the recommended guidance of the FDA. Information provided by the FDA on its website specifies the permitted levels of heavy metals found in food. As part of its "closer to zero" guidance, the FDA has a higher standard for processed foods intended for babies and young children. "We hope families come away with simple, practical steps they can take right now to reduce exposure – like cooking rice in extra water and draining it, swapping in other grains like quinoa or barley and choosing lower-arsenic rice types such as California-grown, Thai jasmine or Indian basmati," Healthy Babies, Bright Futures research director Jane Houlihan told Fox News Digital. "We're also urging the FDA to set enforceable limits on arsenic in all rice, not just baby cereal, to better protect children and families across the country."
Yahoo
15-05-2025
- Business
- Yahoo
Churchill Capital Corp X Completes Upsized $414 Million Initial Public Offering
NEW YORK, May 15, 2025 /PRNewswire/ -- Churchill Capital Corp X (the "Company") announced today the closing of its upsized initial public offering of 41,400,000 units, which includes 5,400,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $414,000,000. The Company's units began trading on May 14, 2025 on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "CCCXU." Each unit consists of one Class A ordinary share of the Company and one-quarter of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "CCCX" and "CCCXW," respectively. Of the proceeds received from the consummation of the initial public offering (as well as the exercise of the over-allotment option) and a simultaneous private placement of units, $414,000,000 (or $10.00 per unit sold in the public offering) was placed in trust. The Company was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company, LLC. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry. BTIG, LLC acted as sole book-running manager for the offering. The offering was made by means of a prospectus. Copies of the prospectus may be obtained from BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, by email at ProspectusDelivery@ or by accessing the SEC's website at Registration statements relating to the securities were declared effective by the U.S. Securities and Exchange Commission (the "SEC") on May 13, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. FORWARD-LOOKING STATEMENTS This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds thereof. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Contact: Churchill Capital Corp X info@ Steve Lipin / Michael Landau Gladstone Place Partners 212-230-5930 View original content: SOURCE Churchill Capital Corp X 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
Perth Now
15-05-2025
- Sport
- Perth Now
‘Where's the logic': Shock AFL move slammed
Carlton and Western Bulldogs are the biggest beneficiaries of the AFL's new-look fixture release, winning the race for the most prime-time slots. The Blues will play four Thursday nights and one Friday between rounds 16 and 23, while the Bulldogs play two Thursday and three Friday night matches. FOX FOOTY, available on Kayo Sports, is the only place to watch every match of every round in the 2025 Toyota AFL Premiership Season LIVE in 4K, with no ad-breaks during play. New to Kayo? Get your first month for just $1. Limited-time offer. It's a great reward for Luke Beveridge's side that overcame a slate of injuries earlier in the season. Included in the Doggies' five prime-time clashes is North Melbourne's centenary match in round 17. Gold Coast will host its first Friday night fixture when it welcomes Collingwood in round 18. There will be Friday-night double headers in rounds 17, 20 and 23 as the AFL manages viewership and the mandatory shortened breaks. Round 20 will be a highlight of the season, as the Bulldogs kick off the round with Essendon ahead of the Battle of the Bridge on Friday night at Engie Stadium. Western Bulldogs are the biggest winner of the AFL's fixture release. Michael Klein Credit: News Corp Australia The following day will revisit the competition's old Rivalry Round with the Q-Clash, Western Derby and Showdown all succeeding each other on the Saturday. Port Adelaide and Adelaide lobbied for a stand-alone Showdown but will parallel with North Melbourne and Geelong at Marvel Stadium. The rescheduled match between the Suns and Bombers in round 24 will be included in the final round's release later this year. AFL head of strategy and scheduling Josh Bowler said the finalised fixture 'is aimed at maximising momentum into finals'. 'The first nine rounds of the Toyota AFL Premiership season have delivered some of the most exciting football we have seen with close margins, high scoring, record attendances and strong ratings across the board., Bowler said. 'This season has delivered more Thursday nights than ever before with this key timeslot featuring in all AFL rounds except round 23 when we will see the exciting inaugural AFLW rematch between Carlton and Collingwood kick off the 10th NAB AFLW season. 'This back end of the season fixture is aimed at maximising momentum into the finals which is shaping up to be one of the tightest races in recent history. 'We are excited to schedule a number of Friday night double-headers aimed at maximising prime-time audience whilst also managing team travel and breaks between games.' Friday night double headers, overlapping games There are three Friday night double headers in Rounds 17, 20, 23 — a move that will raise eyebrows given Friday nights have long been a timeslot reserved for standalone games. In Round 20, Essendon play the Western Bulldogs at Marvel Stadium at 7.20pm before GWS take on the Sydney Swans in a rivalry game starting half an hour later at 7.50pm. The Showdown between Port Adelaide and Adelaide in Round 20 clashes with North Melbourne vs Geelong on the Saturday night. Friday double headers are commonplace in the NRL, but they are traditionally spaced out with the games kicking off at around 6pm and 8pm. Dogs on the move The Western Bulldogs are adamant they remain committed to Ballarat despite moving a round 18 fixture to Marvel Stadium in the wake of criticism about playing at a 'construction site' that earnt a sledge form former player Bailey Smith. Less than 5000 people were able to attend the round 8 thrashing of Port Adelaide at Mars Stadium, which is being redeveloped and didn't go unnoticed by Smith. After playing a leading role in Geelong's thrilling MCG win over Collingwood, in front of more than 80,000, Smith told Fox Footy that 'you don't get that at Ballarat', a comment that earnt a day-after retort from his former Bulldogs captain Marcus Bontempelli. But with the round 18 clash against fellow finals aspirants Adelaide set to draw a bumper crowd, the Bulldogs asked for the game to the moved to Marvel Stadium 'While it has been a difficult decision to shift venues for our round 18 clash against the Adelaide Crows in Ballarat, all parties including the AFL, state government and club partners (Visit Victoria, City of Ballarat, Mars Wrigley and Marvel Stadium) have worked collaboratively to arrive at this outcome,' Western Bulldogs chief executive Ameet Bains said. 'Importantly, the club remains extremely excited and committed to the current redevelopment of Mars Stadium, with AFL and AFLW games at Mars Stadium remaining a crucial part of the club's all-year round presence and involvement in the Ballarat region. 'The club's regular day-to-day support of the Ballarat region has become a vital cornerstone in all we do, and we look forward to our AFLW home game later this year and future AFL games at Mars Stadium for years to come. The AFL fixture for the backend of the 2025 season has been released. Credit: FOX SPORTS 'The club is incredibly appreciative of the understanding from all members and fans and looks forward to welcoming the red, white and blue army to another game at Marvel Stadium later this year.' The Adelaide match will take place on Saturday, July 12, with the first bounce at 1.20pm, with Marvel Stadium to host three games across the round. 2025 AFL FIXTURE — ROUND 16 to ROUND 24 All times AEST ROUND 16 Thursday June 26 Port Adelaide v Carlton, Adelaide Oval (7.30pm) Friday June 27 Sydney Swans v Western Bulldogs, SCG (7.40pm) Saturday June 28 Gold Coast Suns v Melbourne, People First Stadium (1.20pm) Hawthorn v North Melbourne, UTAS Stadium (4.15pm) Collingwood v West Coast Eagles, Marvel Stadium (7.35pm) Sunday June 29 Richmond v Adelaide Crows, MCG (3.20pm) Fremantle v St Kilda, Optus Stadium (5.10pm) Bye: Brisbane Lions, Essendon, Geelong Cats, GWS Giants ROUND 17 Thursday July 3 North Melbourne v Western Bulldogs, Marvel Stadium (7.30pm) Friday July 4 Carlton v Collingwood, MCG (7.10pm) West Coast Eagles v GWS Giants, Optus Stadium (8.20pm) Saturday July 5 Essendon v Gold Coast Suns, Marvel Stadium (12.35pm) Geelong Cats v Richmond, GMHBA Stadium (4.15pm) Brisbane Lions v Port Adelaide, The Gabba (7.35pm) St Kilda v Hawthorn, Marvel Stadium (7.40pm) Sunday July 6 Sydney Swans v Fremantle, SCG (1.10pm) Adelaide Crows v Melbourne, Adelaide Oval (3.20pm) ROUND 18 Thursday July 10 Carlton v Brisbane Lions, Marvel Stadium (7.30pm) Friday July 11 Gold Coast Suns v Collingwood, People First Stadium (7.40pm) Saturday July 12 Western Bulldogs v Adelaide Crows, Marvel Stadium (1.20pm) GWS Giants v Geelong Cats, ENGIE Stadium (4.15pm) Richmond v Essendon, MCG (7.35pm) Fremantle v Hawthorn, Optus Stadium (8.10pm) Sunday July 13 Melbourne v North Melbourne, MCG (1.10pm) St Kilda v Sydney Swans, Marvel Stadium (3.20pm) Port Adelaide v West Coast Eagles, Adelaide Oval (4.40pm) ROUND 19 Thursday July 17 Essendon v GWS Giants, Marvel Stadium (7.30pm) Friday July 18 Brisbane Lions v Western Bulldogs, The Gabba (7.40pm) Saturday July 19 Hawthorn v Port Adelaide, UTAS Stadium (1.20pm) Sydney Swans v North Melbourne, SCG (4.15pm) Carlton v Melbourne, MCG (7.35pm) West Coast Eagles v Richmond, Optus Stadium (8.10pm) Sunday July 20 Geelong Cats v St Kilda, GMHBA Stadium (1.10pm) Collingwood v Fremantle, MCG (3.20pm) Adelaide Crows v Gold Coast Suns, Adelaide Oval (4.40pm) ROUND 20 Thursday July 24 Hawthorn v Carlton, MCG (7.30pm) Friday July 25 Essendon v Western Bulldogs, Marvel Stadium (7.10pm) GWS Giants v Sydney Swans, ENGIE Stadium (7.50pm) Saturday July 26 Gold Coast Suns v Brisbane Lions, People First Stadium (1.20pm) Fremantle v West Coast Eagles, Optus Stadium (4.15pm) North Melbourne v Geelong Cats, Marvel Stadium (7.35pm) Adelaide Crows v Port Adelaide, Adelaide Oval (8.10pm) Sunday July 27 Richmond v Collingwood, MCG (2.10pm) St Kilda v Melbourne, Marvel Stadium (3.20pm) ROUND 21 Thursday July 31 Western Bulldogs v GWS Giants, Marvel Stadium (7.30pm) Friday August 1 Adelaide Crows v Hawthorn, Adelaide Oval (7.40pm) Saturday August 2 Melbourne v West Coast Eagles, Marvel Stadium (1.20pm) Gold Coast Suns v Richmond, People First Stadium (4.10pm) Sydney Swans v Essendon, SCG (4.15pm) Collingwood v Brisbane Lions, MCG (7.35pm) Sunday August 3 St Kilda v North Melbourne, Marvel Stadium (1.40pm) Geelong Cats v Port Adelaide, GMHBA Stadium (3.20pm) Fremantle v Carlton, Optus Stadium (5.10pm) ROUND 22 Thursday August 7 Hawthorn v Collingwood, MCG (7.30pm) Friday August 8 Geelong Cats v Essendon, GMHBA Stadium (7.40pm) Saturday August 9 Richmond v St Kilda, MCG (1.20pm) Brisbane Lions v Sydney Swans, The Gabba (4.15pm) Carlton v Gold Coast Suns, Marvel Stadium (7.35pm) Port Adelaide v Fremantle, Adelaide Oval (8.10pm) Sunday August 10 GWS Giants v North Melbourne, ENGIE Stadium (1.40pm) Melbourne v Western Bulldogs, MCG (3.20pm) West Coast Eagles v Adelaide Crows, Optus Stadium (5.10pm) ROUND 23 Friday August 15 Essendon v St Kilda, Marvel Stadium (7.10pm) Fremantle v Brisbane Lions, Optus Stadium (8.20pm) Saturday August 16 Gold Coast Suns v GWS Giants, People First Stadium (12.35pm) Carlton v Port Adelaide, Marvel Stadium (1.20pm) Hawthorn v Melbourne, MCG (4.15pm) Adelaide Crows v Collingwood, Adelaide Oval (7.35pm) Sunday August 17 North Melbourne v Richmond, Ninja Stadium (1.10pm) Sydney Swans v Geelong Cats, SCG (3.20pm) Western Bulldogs v West Coast Eagles, Marvel Stadium (4.40pm) ROUND 24 (days and times TBC) Friday August 22 – Sunday August 24 Brisbane Lions v Hawthorn, The Gabba Collingwood v Melbourne, MCG Essendon v Carlton, MCG GWS Giants v St Kilda, ENGIE Stadium North Melbourne v Adelaide Crows, Marvel Stadium Port Adelaide v Gold Coast Suns, Adelaide Oval Richmond v Geelong Cats, MCG West Coast Eagles v Sydney Swans, Optus Stadium Western Bulldogs v Fremantle, Marvel Stadium
Yahoo
13-05-2025
- Business
- Yahoo
Churchill Capital Corp X Announces the Pricing of Upsized $360 Million Initial Public Offering
NEW YORK, May 13, 2025 /PRNewswire/ -- Churchill Capital Corp X (the "Company") announced the pricing of its upsized initial public offering of 36,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market ("Nasdaq") under the symbol "CCCXU" commencing today. Each unit consists of one Class A ordinary share of the Company and one-quarter of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols "CCCX" and "CCCXW," respectively. The offering is expected to close on May 15, 2025, subject to customary closing conditions. Churchill Capital Corp X was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company, LLC. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry. BTIG, LLC is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 5,400,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus, copies of which may be obtained from BTIG, LLC, 65 East 55th Street, New York, NY, 10022, by email at ProspectusDelivery@ or by accessing the U.S. Securities and Exchange Commission's (the "SEC") website at A registration statement relating to these securities has been declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. FORWARD-LOOKING STATEMENTS This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Contact: Churchill Capital Corp Xinfo@ Lipin / Michael LandauGladstone Place Partners212-230-5930 View original content: SOURCE Churchill Capital Corp X
