Latest news with #Shift4
Yahoo
10 hours ago
- Business
- Yahoo
B. Riley sees Jared Isaacman returning to Shift4 Payments
B. Riley reiterates a Buy rating on Shift4 Payments (FOUR) with a $150 price target following reports that the nomination of the company's former CEO and founder, Jared Isaacman, to lead NASA has been withdrawn by the Trump Administration. This is unexpected news, as Isaacman's Senate hearings went well, and he was projected to have support from as many as 70 Senators, the analyst tells investors in a research note. Riley believes Isaacman will return to his prior role at Shift4. The return, should it happen, will be positively received by investors, the firm contends. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on FOUR: Disclaimer & DisclosureReport an Issue Shift4 CEO nomination withdrawal at NASA could provide a boost, says Benchmark Trump withdraws Jared Isaacman's nomination to lead NASA Shift4 Payments initiated with a Hold at Truist Shift4 Payments further extends cash tender offer to acquire Global Blue Shift4 Payments Completes Issuance of Senior Notes 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
CTV News
2 days ago
- Politics
- CTV News
Trump says he's withdrawing the nomination of Musk associate Jared Isaacman to lead NASA
WASHINGTON — U.S. President Donald Trump said he is withdrawing the nomination of tech billionaire Jared Isaacman, an associate of Trump adviser Elon Musk, to lead NASA, saying he reached the decision after a 'thorough review' of Isaacman's 'prior associations.' It was unclear what Trump meant and the White House did not respond to an emailed request for an explanation. 'After a thorough review of prior associations, I am hereby withdrawing the nomination of Jared Isaacman to head NASA,' Trump wrote late Saturday on his social media site. 'I will soon announce a new Nominee who will be Mission aligned, and put America First in Space.' In response, Isaacman thanked Trump and the Senate, writing on X that the past six months were 'enlightening and, honestly, a bit thrilling.' 'It may not always be obvious through the discourse and turbulence, but there are many competent, dedicated people who love this country and care deeply about the mission,' he said. 'That was on full display during my hearing, where leaders on both sides of the aisle made clear they're willing to fight for the world's most accomplished space agency.' Trump announced in December during the presidential transition that he had chosen Isaacman to be the space agency's next administrator. Isaacman, 42, has been a close collaborator with Musk ever since buying his first chartered flight on Musk's SpaceX company in 2021. He is the CEO and founder of Shift4, a credit card processing company. He also bought a series of spaceflights from SpaceX and conducted the first private spacewalk. SpaceX has extensive contracts with NASA. The Senate Commerce, Science and Transportation Committee approved Isaacman's nomination in late April and a vote by the full Senate was expected soon. Musk appeared to lament Trump's decision after the news broke earlier Saturday, posting on the X site that, 'It is rare to find someone so competent and good-hearted.' SpaceX is owned by Musk, a Trump campaign contributor and adviser who announced this week that he is leaving the government after several months at the helm of the Department of Government Efficiency, or DOGE. Trump created the agency to slash the size of government and put Musk in charge. Semafor was first to report that the White House had decided to pull Isaacman's nomination. Darlene Superville and Seung Min Kim, The Associated Press
Yahoo
2 days ago
- Business
- Yahoo
Musk praises 'competent and good-hearted' ally Jared Isaacman after Trump drops him as nominee to head NASA
President Donald Trump withdrew Jared Isaacman as his nominee to head NASA on Saturday. Isaacman, a billionaire private astronaut, is a close ally of Elon Musk. Replying to the news on X, Musk wrote: "It is rare to find someone so competent and good-hearted." Elon Musk has praised his close ally Jared Isaacman after President Donald Trump dropped him as his nominee for NASA administrator on Saturday. In a post on Truth Social, Trump said he was withdrawing Isaacman's nomination after a "thorough review of prior associations" and that he would soon announced a new, "mission aligned" nominee. News of Trump's decision broke earlier in the day, and Musk was swift to respond. "It is rare to find someone so competent and good-hearted," he wrote of Isaacman in a post on X. Isaacman, the founder of payments company Shift4, was part of the SpaceX Polaris Dawn crew in 2024 and led the first private space walk. In a social media statement Saturday, Isaacman said he was "incredibly grateful to President Trump" and "all those who supported me throughout this journey." "I have gained a much deeper appreciation for the complexities of government and the weight our political leaders carry," he continued, adding: "I have not flown my last mission." Trump had nominated Isaacman in December, calling him an "accomplished business leader" and saying he was "ideally suited to lead NASA" forward. Isaacman's subsequent removal as nominee comes days after Musk said he was stepping back from his role as a "special government employee" in the Trump administration, ending his time with the White House DOGE office. Trump's move appears to have come as a shock to supporters of Isaacman, with some experts questioning what it means for NASA. Jonathan McDowell, an astrophysicist at the Harvard & Smithsonian Center for Astrophysics, said missing out on Isaacman was "bad news for the agency." "So not having @rookisaacman as boss of NASA is bad news for the agency. Maybe a good thing for Jared himself though, since being NASA head right now is a bit of a Kobayashi Maru scenario," he wrote on X. Montana Republican Senator Tim Sheehy also took to X to air his support for Isaacman, saying he was a "strong choice" to head NASA and that he "strongly" opposed any efforts to "derail his nomination." Read the original article on Business Insider
Business Insider
2 days ago
- Business
- Business Insider
Musk praises 'competent and good-hearted' ally Jared Isaacman after Trump drops him as nominee to head NASA
Elon Musk has praised his close ally Jared Isaacman after President Donald Trump dropped him as his nominee for NASA administrator on Saturday. In a post on Truth Social, Trump said he was withdrawing Isaacman's nomination after a "thorough review of prior associations" and that he would soon announced a new, "mission aligned" nominee. News of Trump's decision broke earlier in the day, and Musk was swift to respond. "It is rare to find someone so competent and good-hearted," he wrote in a post on X. Isaacman, the founder of payments company Shift4, was part of the SpaceX Polaris Dawn crew in 2024 and led the first private space walk. In a social media statement Saturday, Isaacman said he was "incredibly grateful to President Trump" and "all those who supported me throughout this journey." "I have gained a much deeper appreciation for the complexities of government and the weight our political leaders carry," he continued, adding: "I have not flown my last mission." Trump had nominated Isaacman in December, calling him an "accomplished business leader" and saying he was "ideally suited to lead NASA" forward. Isaacman's subsequent removal as nominee comes days after Musk said he was stepping back from his role as a "special government employee" in the Trump administration, ending his time with the White House DOGE office. Trump's move appears to have come as a shock to supporters of Isaacman, with some experts questioning what it means for NASA. Jonathan McDowell, an astrophysicist at the Harvard & Smithsonian Center for Astrophysics, said missing out on Isaacman was "bad news for the agency." "So not having @rookisaacman as boss of NASA is bad news for the agency. Maybe a good thing for Jared himself though, since being NASA head right now is a bit of a Kobayashi Maru scenario," he wrote on X. Montana Republican Senator Tim Sheehy also took to X to air his support for Isaacman, saying he was a "strong choice" to head NASA and that he "strongly" opposed any efforts to "derail his nomination."
Yahoo
3 days ago
- Politics
- Yahoo
Trump to withdraw Jared Isaacman's nomination as NASA chief
When you buy through links on our articles, Future and its syndication partners may earn a commission. Jared Isaacman won't be NASA's next chief after all. Semafor reported on Saturday (May 31) that President Donald Trump is pulling the nomination of Isaacman, a billionaire tech entrepreneur and private astronaut who has commanded and funded two SpaceX missions to Earth orbit. The White House confirmed the news shortly thereafter. "The administrator of NASA will help lead humanity into space and execute President Trump's bold mission of planting the American flag on the planet Mars," White House spokesperson Liz Huston said in an emailed statement on Saturday. "It's essential that the next leader of NASA is in complete alignment with President Trump's America First agenda, and a replacement will be announced directly by President Trump soon," she added. The move comes as something of a surprise. Trump announced his choice of Jared Isaacman in December, before the president's inauguration, and the nominee seemed poised to be confirmed by Congress as soon as next week. Huston's statement doesn't give an overt reason for dropping the 42-year-old Isaacman, the founder and CEO of the payment-processing company Shift4. But it implies that the White House doesn't think Isaacman is fully on board with Trump and his space priorities. We got a detailed look at those priorities on Friday afternoon (May 30), when the White House released an in-depth version of its NASA budget request for the 2026 fiscal year. The documents propose a $6 billion budget cut for the agency, from $24.8 billion to $18.8 billion, with funding for NASA's science programs slashed by 47%. Those numbers were first revealed about a month ago, when the White House released its summary-version "skinny budget" request. But the newly released documents lay out the consequences of the cuts, should they be enacted by Congress. NASA's workforce would be reduced by nearly a third, for example, and dozens of the agency's science missions — including the Juno Jupiter orbiter, New Horizons Pluto probe and a number of other spacecraft that are currently gathering data in deep space — would be cancelled. Related stories: — Who is Jared Isaacman, Trump's pick for NASA chief? — Trump's pick for NASA chief tells Senate he's aiming for the Red Planet. 'We will prioritize sending American astronauts to Mars' — Trump may cancel NASA's powerful SLS moon rocket – here's what that would mean for Elon Musk and the future of space travel Isaacman's nomination was pulled just a day after Elon Musk's 130-day appointment as a "special government employee" came to an end. Musk led the cost- and regulation-slashing Department of Government Efficiency while serving in that role. During a press conference at the White House on Friday (May 30), Musk said that he will remain an adviser to, and friend of, President Trump despite the loss of official status. It's worth noting this quirk of timing, given that Isaacman has done business with SpaceX and Musk. But doing so is not to imply that Isaacman would have favored SpaceX as NASA chief. Multiple Democratic senators questioned Isaacman about possible conflict-of-interest concerns during his nomination hearing before the Committee on Commerce, Science, and Transportation in April. Isaacman repeatedly stressed that he's not tight with Musk and that, if confirmed as agency chief, he would act solely in the best interests of NASA and the nation. The committee voted on April 30 to advance his nomination to the full Senate for confirmation. Managing Editor Brett Tingley contributed to this story.
