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☆ Boeing taps debt market to raise $10 billion: Reuters
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: +2 min

The Boeing logo is displayed on a Boeing building on January 8, 2024 in El Segundo, California. Boeing on Monday tapped debt markets to raise $10 billion, after the U.S. planemaker burned $3.93 billion in free cash during the first quarter following slowing production of its best-selling jet, sources familiar with the matter said. Moody's said the rating reflects Boeing's still-strong business profile, which continues to mitigate ongoing weak performance in commercial aircraft, although headwinds surrounding the division could persist through 2026. Boeing will use the bond proceeds to increase its liquidity ahead of maturities on its existing debt load, including $4.3 billion in 2025, S&P wrote on Monday. The deal's bookrunners leading the bond sale include Bank of America , Citi, JPMorgan and Wells Fargo , according to the deal's term sheet.

Persons: Moody's, bookrunners, Wells, Brian West Organizations: Boeing, U.S, Bank of America, Citi, JPMorgan Locations: El Segundo , California, maturities, Wells Fargo

☆ Bridgit Mendler went from Disney star to space startup CEO with $6.3M in funding—it started with an accidental college major
▼ + stars: | 2024-02-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Bridgit Mendler's path from Disney Channel star to space startup CEO started with — quite literally — an accident. The 31-year-old is the CEO and co-founder of Northwood Space, a company based in El Segundo, California that aims to mass-produce ground stations — otherwise known as the antennae that communicate with space satellites. "While everybody else was making their sourdough starters [during the Covid-19 pandemic], we were building antennas out of random crap we could find at Home Depot ... and receiving data from [National Oceanic and Atmospheric Administration] satellites," Mendler told CNBC on Monday while announcing her startup. "I'm studying anthropology," Mendler told ABC's "Jimmy Kimmel Live" in 2015. While at Harvard, she served as co-president of the Harvard Space Law Society, according to her LinkedIn profile.

Persons: —, Charlie, Mendler, ABC's, Jimmy Kimmel, Griffin, Andreessen Horowitz, Peter Thiel's Organizations: Disney Channel, Northwood, National Oceanic, Administration, CNBC, University of Southern, USC, Massachusetts Institute of Technology, MIT Media Lab, Harvard Law School, Harvard, Harvard Space Law Society, Founders, Humba Ventures, Elon, SpaceX, Technologies, Northrop Grumman Locations: El Segundo , California, University of Southern California, Northwood

☆ Disney star turned space CEO: Bridgit Mendler launches satellite data startup backed by major VCs
▼ + stars: | 2024-02-19 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Bridgit Mendler is no stranger to reaching millions of people — now she wants to change how satellite data reaches the ground. "The vision is a data highway between Earth and space," Mendler told CNBC. "Space is getting easier along so many different dimensions but still the actual exercise of sending data to and from space is difficult. Rather than build rockets or satellites, Northwood aims to mass produce ground stations. Also known as teleports, ground stations are the typically large and often circular antennas that connect to satellites in space.

Persons: Bridgit Mendler, The Beverly Hilton, Bridgit, —, Charlie, Mendler, Andreessen Horowitz, Griffin, Luthra, Lockheed Martin Organizations: The Beverly, Disney Channel, Massachusetts Institute of Technology, Harvard Law School, Federal Communications, Space Bureau, CNBC, Northwood, Founders Fund, Lockheed, Mitre Corporation, Space Locations: Beverly Hills , California, Waverly, El Segundo , California

☆ Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off
▼ + stars: | 2024-02-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing underperformance within the divisions. Mattel shares were up around 3% in premarket trading Friday following a letter sent to Mattel Thursday, which was first reported by the Wall Street Journal. American Girl and Fisher-Price, two iconic brands, are among the most popular in their respective markets. Mitarotonda said that if Mattel cannot stymie continued erosion in both Fisher-Price and American Girl, which has suffered similar declines, the company "may not be the right owner of these brands." "We believe that these brands are now detracting from the success at Mattel's other segments and hurting shareholder value," Mitarotonda said in a release.

Persons: Barbie, Barington, Price, Fisher, Barington's James Mitarotonda, Ynon Kreiz, Mitarotonda, Mattel, Kreiz, Michael Dolan, Dolan Organizations: Mattel Inc, Mattel, American, Price, Wall Street, Fisher, Bacardi, IMG, Young, Body Works, Darden Locations: El Segundo , California

☆ Boeing withdraws bid for safety exemption for Boeing 737 Max 7
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: +1 min

The Boeing Co. logo is displayed outside of company offices near Los Angeles International Airport (LAX) in El Segundo, California on January 18, 2024. Boeing confirmed late on Monday it is withdrawing a request it made to the Federal Aviation Administration last year seeking an exemption from a safety standard for its 737 Max 7 that is awaiting certification. Senator Tammy Duckworth, who chairs an aviation subcommittee, said last week she opposed Boeing's exemption request that would "prematurely allow the 737 Max 7 to enter commercial service." She noted the exemption Boeing had sought "involves an anti-ice system that can overheat and cause the engine nacelle to break apart and fall off. The FAA deferred comment to Boeing.

Persons: Tammy Duckworth Organizations: Boeing Co, Los Angeles International Airport, Boeing, Federal Aviation Administration, FAA Locations: El Segundo , California

NEW YORK (AP) — Eddie Murphy has fond childhood memories of gathering with his family in Brooklyn and being wrapped in the wonder of the season as they watched classic holiday movies. Now, his Christmas wish is his new film, “Candy Cane Lane,” will create similar memories for others. The film was written by Kelley Younger, whose family grew up on Candy Cane Lane in El Segundo, California — a neighborhood known for competitive holiday decorating. "I love Christmas movies. I love Christmas music.

Persons: — Eddie Murphy, Candy Cane, ”, ” Murphy, “, Chris Carver, Murphy, who’s, Pepper, Jillian Bell, Carver, Tracee Ellis Ross, ” Ross, –, Ross, Carol, Chuckling, Thaddeus J, Mixson, Ken Marino, David Alan Grier, Nick Offerman, Robin Thede, Chris Redd, Kelley Younger, Reginald Hudlin, Hudlin, Kid ’, ’, Halle Berry, Robin Givens, Martin Lawrence, Grier, Axel Foley, we’ve, Gary Gerard Hamilton Organizations: “, Party, National, Beverly Hills, Associated Press Locations: Brooklyn, El Segundo , California, Hollywood, @GaryGHamilton

☆ People are leaving Texas over rising costs, partisan politics, and a sense of disenchantment
▼ + stars: | 2023-11-26 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Business Insider wants to hear from you. Over 494,000 people left Texas between 2021 and 2022 (though the state gained a net population of 174,261.) "The property tax percentage rate is higher," Marie Bailey, a Texas-based realtor who moved from El Segundo, California, to Prosper, Texas, in 2017, previously told Business Insider. AdvertisementFor Texans, "the Midwest has emerged as popular recently because it is just by and large the most affordable region," Hannah Jones, Realtor.com's economic research analyst, told Business Insider in October. Burse told Business Insider in September that it played a crucial role in her decision to relocate to Texas in 2021.

Persons: —, I'm, I've, we've, Marie Bailey, Hannah Jones, they've, Jackie Burse, Burse, Bob McCranie, McCranie, Texas hasn't, Nick Thomas, he's, Thomas, Jules Rogers, hadn't, Rogers Organizations: Texas, Business, Service, Lone Star, Lone, Lone Star State, KXAN News, Austin Locations: Texas, Knoxville, Realtor.com, El Segundo , California, Prosper , Texas, Marie Bailey As Texas, California, Dallas, New York, Florida, Florida and Texas, Austin, Los Angeles, San Francisco, Portland , Oregon, Houston, Pacific, Portland

☆ Californians who moved to Texas reveal the one thing that gave them sticker shock in their new state
▼ + stars: | 2023-11-16 | by ( Erin Snodgrass | Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

But while housing and gas is significantly cheaper in Texas, property taxes are typically higher. "Every time a prospective client calls me, it's one of the first things I talk about," Bailey told Business Insider. But while housing, gas, and grocery prices tend to be lower in Texas, California has Texas beat when it comes to property taxes. In her work as a realtor, Bailey said she typically sees property tax percentage rates in Texas sitting between 1.6% to 2.7%. Advertisement"Considering I could never afford a house at all in California, property tax or not, it's a non-issue for me," Crossan said.

Persons: —, Marie Bailey, Bailey, Janelle Crossan, Crossan, Charles Denson, Gill, Denson, " Denson, Jennifer, Chuck Balek, Jennifer Balek, Chuck Organizations: Service, Golden State for, Lone Star State, Business, Denson & Company, Texans Locations: Texas, Golden, Golden State for Texas, California, El Segundo , California, Prosper , Texas, Costa Mesa , California, New Braunfels , Texas, Texas , California, Camarillo , California, Rockwall , Texas, New Branfels

Beyond Meat’s revenue fell nearly 9% in the third quarter as higher sales of its plant-based meat in Europe failed to make up for plummeting demand in the U.S. Beyond Meat cut its third-quarter and full-year revenue forecast last week, saying an anticipated rebound in plant-based meat sales during the quarter didn't occur. But in the U.S., he said, ads funded by the meat industry and others have led consumers to see plant-based meat as overly processed and unhealthy. The higher price of plant-based meat has also hurt U.S. sales at a time when consumers are stressed about inflation, he said. Frozen plant-based meat sales, including items like tenders and nuggets, were down 6%.

Persons: Ethan Brown, It's, Brown, McDonald’s, U.S . Brown, “, El Organizations: FactSet, Panda Locations: Europe, U.S, China, U.S ., Meat's, El Segundo , California

☆ E-cigarette use declines among high school students, FDA and CDC say
▼ + stars: | 2023-11-02 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

Elf Bar disposable vape flavored vaping e-cigarette products are displayed in a convenience store on June 23, 2022 in El Segundo, California. The findings, a part of the 2023 National Youth Tobacco Survey, showed that from 2022 to 2023 e-cigarette use among high school students declined to 10% from 14.1%, a drop representing about 580,000 fewer high schoolers. Current use of any tobacco product by high school students declined by an estimated 540,000 students, to 1.97 million in 2023 from 2.51 million in 2022. E-cigarette usage has been the most commonly used tobacco product among both high school and middle school students for a decade. "The FDA remains concerned about youth tobacco product use, and we cannot and will not let our guard down on this issue," King said.

Persons: Patrick T, FALLON, PATRICK T, Brian King, King, we're Organizations: Juul Labs, US Food and Drug Administration, Getty, Tobacco Survey, Food and Drug Administration, Centers for Disease Control, Prevention, FDA's Center for Tobacco Products, FDA, Esco Locations: El Segundo , California, AFP

The plant-based meat company said Thursday that the reduction of about 65 employees is part of a broader corporate review. U.S. demand for plant-based meat has plummeted this year. Frozen plant-based meat sales, including items like tenders and nuggets, were down 6%. Plant-based meat is also fighting perceptions that it's overly processed and unhealthy, stoked in part by ads released by rival food companies. McDonald's has tested Beyond Meat's products in the U.S. but hasn't added them to its permanent menu.

Persons: “, Ethan Brown, Brown, El, McDonald's, hasn't Organizations: FactSet Locations: El Segundo , California, Europe, U.S

☆ U.S. 10-year Treasury yields hits 5% for first time since 2007
▼ + stars: | 2023-10-19 | by ( Reuters Staff | ) www.reuters.com time to read: +4 min

LONDON (Reuters) - The U.S. 10-year Treasury yield briefly reached 5% for the first time since 2007, marking a fresh milestone in a relentless push higher for government borrowing costs. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermidFurther signs of resilience in the U.S. economy help explain the latest sell off in Treasuries, as traders have unwound bets the U.S. Federal Reserve would soon start to lower interest rates. He highlighted what everyone has seen with the strong economic growth data and the retail sales figure that came out. Just like how the market forced the Fed to stop quantitative tightening in 2019, it might be forcing the Fed to rethink QT today.

Persons: Brendan McDermid, Jerome Powell, MICHAEL SCHULMAN, EL, ”, NOAH, ” BRIAN JACOBSEN, MENOMONEE, QUINCY KROSBY, Powell Organizations: Treasury, New York Stock Exchange, REUTERS, U.S . Federal, Fed, NORTH Locations: New York City, U.S, Treasuries, EL SEGUNDO, CALIFORNIA, CHARLOTTE, NC, WISCONSIN, NORTH CAROLINA, Ukraine, Russia

☆ Golf simulators, doggy daycare, flexible leases, and free rent: Why now may be the best time to shop for a new office
▼ + stars: | 2023-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Now may be the time to shop for an office lease. As office vacancies soar to record highs in some markets, office landlords often have no choice but to find new and creative ways to attract new clients. "When you have 55-year-old managing partners of a law firm looking for office space, and they see the golf simulator, they get pretty excited," he said. Long-term leases, which usually feature landlord-financed renovations to the office space, are now being offered with lease-termination options. Office landlords without access to this capital level are often left with only one lever: renting below market price.

Persons: Michael Cohen, Michael Lirtzman, Anthony Tahlier, Andrew Lustgarten, Lirtzman, Sterling, Lustgarten, it's, Matt Petit, Goldman Sachs, Risa Letowsky, Letowsky, Watts, Tishman Speyer, aren't, That's, Cohen, they've, he's, hasn't Organizations: Colliers, Kastle Systems, West Chicago, Sterling Bay's, Century, El, New, Palm, Chase, Wall, JPMorgan, Deutsche Bank, Adler, Stachenfeld, Silverstein, Lawyer Locations: Chicago, Bian, Sterling, Los Angeles, New York, Miami, Liberty, Chase Manhattan, Alamo, CBRE, Los Angeles and New York, LA, United States

☆ Tom Mueller worked for Elon Musk at SpaceX for almost 20 years: 'I learned never to tell him no'
▼ + stars: | 2023-09-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

"We watched like maybe one play, because we were so engaged in talking about building a launch vehicle," Mueller told Isaacson. Musk agreed, but Isaacson writes that this meant Musk considered "Mueller an employee, rather than a cofounder, of SpaceX." "You cannot ask for two years of salary in escrow and consider yourself a cofounder" Musk told Isaacson. Elon Musk with a SpaceX rocket in March 2004 in El Segundo, Los Angeles. "I am very proud of what we have achieved at SpaceX," Mueller told the University of Idaho in 2018.

Persons: Tom Mueller, Elon Musk, Mueller, Musk, Elon Musk's, Walter Isaacson, here's, Los Angeles Mueller, Isaacson, who'd, Chris Thompson, Musk Mueller, There's, Elon, Paul Harris, It's, Mueller's, Peter Thiel Organizations: SpaceX, Service, University of Idaho, TRW, Reaction Research Society, PayPal, Ebay, Super, Exploration Technologies Corporation, Merlin, Pathfinder Locations: Idaho, Wall, Silicon, Los Angeles, Canada, Saint Maries, El Segundo , Los Angeles

☆ Real-estate crowdfunding is a house of cards. PeerStreet's bankruptcy reveals why.
▼ + stars: | 2023-09-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +21 min

Like many PeerStreet investors who spoke with Insider, Mincher has a strong résumé. Another form of crowdfunding, equity crowdfunding, works a bit like the stock market without the onerous and expensive process of initial public offerings. The PeerStreet investors who spoke with Insider said the outcome of this case could determine whether they stick with real-estate crowdfunding. Others, such as Fundrise, have moved away from crowdfunding in favor of a model for private real-estate investment trusts, similar to the BREIT later offered by Blackstone. Fritton, the former Patch of Land CEO, said Fundrise's fund model was the wave of the future for real-estate crowdfunding.

Persons: Michael Burry, Christian Bale, Burry's, Crowdfunding, Burry, Andreessen Horowitz, they're, Braun Mincher, PeerStreet, who've, Judge Laurie Selber Silverstein, Brew Johnson, he's, Braun, Mincher, —, it's, Michael Burry Astrid Stawiarz, Ian Ippolito, Ippolito, John McNellis, PeerStreet Ippolito, McNellis, El, Marc Andreessen, Phil McCarten, Silverstein, wouldn't, Sean Quinn, Doug Lyon, Lyon, that's, Jason Fritton, Kirk Brett, there's, Brett, iFunding, CrowdStreet, Nightingale's Elie Schwartz, Nightingale, Schwartz, Yieldstreet, Fritton Organizations: CNBC, Main, PeerStreet, Facebook, McNellis Partners, Funding Trust, Fairfield University, Magnetar, Adler, Securities and Exchange Commission, Department of Justice, Securities, Exchange Commission, SEC, Investors, Blackstone Locations: Delaware, El Segundo , California, crowdfunding, There's

☆ I moved from California to Texas for a better cost of living and more conservative politics. Now I'm a realtor who helps others make the same move.
▼ + stars: | 2023-08-14 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

Marie Bailey moved from California to Texas with her husband and daughter in 2017. When we went on our first date together, we said: "One day we're going to leave California." We didn't want to pay that rent forever, so we were looking at how much houses cost in El Segundo. Bailey and her family were able to build their dream home in Texas for about the same price they sold their California house, she said. I was thinking maybe if I won a billion dollars, I'll get a beautiful beach house in California and go back.

Persons: Marie Bailey, Bailey, Trump, I'm, Trumper, It's, Prosper, she's, We've, it's Organizations: Service, Trump, Facebook, lotto Locations: California, Texas, Wall, Silicon, El Segundo , California, Prosper , Texas, Fullerton, Orange County, Seal Beach , California, El Segundo, Los Angeles, Florida, Arizona, But Texas, Frisco, Rockwall, Fort Worth, Celina, Prosper, Dallas, Seal Beach, New York, Chicago, Havana

☆ Leaked email shows Jeff Bezos's Blue Origin is tightening its return-to-office policy: 'Blue is a work-from-work company'
▼ + stars: | 2023-08-02 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Blue Origin tells many employees to be in the office 5 days a week, internal email shows. Last year, Blue Origin told managers it would be flexible about employee work schedules. "As you know, Blue is a work-from-work company," Blue Origin added in the email. A Blue Origin spokesperson didn't respond to a request for comment. According to the recent email reminder, Blue Origin leaders said working in-person is important from "a culture, comradery, and results perspective."

Persons: Jeff Bezos, didn't, Mike Eilola, Eilola Organizations: Origin, Amazon, Company, Google, Blue Origin's Locations: Denver , El Segundo, Woodland Hills, Phoenix, Reston , Virginia, Seattle, Florida , Texas, Huntsville , Alabama

☆ Chipotle tests a robot to speed up guacamole production
▼ + stars: | 2023-07-13 | by ( Ellie Stevens | ) edition.cnn.com time to read: +3 min

CNN —Your Chipotle guacamole may soon be prepared by a robot. Meet “Autocado,” a Chipotle robot designed to perform the more tedious tasks of creating the chain’s guacamole, including cutting, coring and peeling avocados. But Chipotle (CMG) said this “collaborative robot” will not eliminate jobs, but, instead, employees will work with the robot to speed up guacamole production. For its design, Chipotle partnered with Vebu Labs, a robotics startup in California, to analyze the preparation process at various Chipotle restaurants and identify the most time-consuming tasks for employees. And Chipotle is already testing “Chippy,” a robotic kitchen assistant that uses artificial intelligence to make tortilla chips to dip in Autocado’s guacamole.

Persons: “ Autocado, Chipotle, Curt Garner, ”, Patrick T Organizations: CNN, Technology, Grill Inc, Fallon, Bloomberg, Getty, ., Vebu Labs Locations: El Segundo , California, U.S, California, Vebu, guacamole

☆ Living in a Barbie World, Through the Decades
▼ + stars: | 2023-06-24 | by ( Mathew Brownstein | ) www.nytimes.com time to read: +2 min

The article, which was published this past week, documents the ways in which Barbie’s Dreamhouses reflect the social, cultural and economic evolution of modern American life. By 1974, when the Equal Credit Opportunity Act was passed, banning credit discrimination, Barbie’s Dreamhouse got a glamorous upgrade to three stories. Ms. Kodé wrote about this rich history, using Barbie’s Dreamhouses to mark different historical moments. But they also practiced moving and photographing Barbie using the stop-motion technique. Some Dreamhouses took over an hour to set up; the longest shoot required moving Barbie 137 times.

Persons: Barbie’s Dreamhouse, Kodé, Tony Cenicola, Michael Kolomatsky, Gabriel Gianordoli, Barbie, Dreamhouses, Cenicola Organizations: Mattel, Times, Digital News Design, eBay, Calif Locations: Barbie’s, El Segundo, New York

☆ 7.5 Million Baby Shark Bath Toys Are Recalled After Reports of Children Being Injured
▼ + stars: | 2023-06-23 | by ( Rebecca Carballo | ) www.nytimes.com time to read: 1 min

About 7.5 million Baby Shark bath toys are being recalled after reports that at least a dozen children were injured by them, the U.S. Consumer Product Safety Commission said on Thursday. The top fins on the shark toys pose a risk of “impalement, lacerations and punctures,” the commission said. About nine of the 12 reported injuries required medical attention or stitches, according to the federal agency. The commission and Zuru urged customers to stop using the recalled toys. The toymaker said in a statement that it was working with retail partners to “remove and destroy” the products.

Persons: toymaker Organizations: U.S . Consumer Product Safety Locations: U.S, El Segundo, Calif

☆ SpaceX to launch the first test payload for a bold new drug development company
▼ + stars: | 2023-06-12 | by ( Jackie Wattles | ) edition.cnn.com time to read: +17 min

Its research, company officials hope, could lead to better, more effective drugs — and hefty profits. Varda Space industriesHow it worksVarda’s vision is straightforward: The company’s capsule will launch with an experiment already on board. Varda Space IndustriesDrugs in spaceMuch of the legwork for Varda’s drug experimentation can be done on the ground. The exorbitant price tag of drug research is often passed on to consumers in the form of eye-popping prices, which frequently draws critical headlines. “You’ll see like this entire ecosystem coming up to create this fertile ground for commercialization of space,” Bruey said.

Persons: El, Varda, “ It’s, ”, Will Bruey, ” Varda, what’s, Merck, Keytruda, Varda’s, Covid, that’s, Gabe Ramirez, ” Bruey, Elon Musk, Peter Thiel, “ I’ve, ” Asparouhov, Asparouhov, “, who’s, You’re, Nicholas Cialdella, Bruey, Jon Barr, Mark Herbert, there’s, Eric Lasker, ” Lasker, Varda isn’t, It’s, Paul Reichert, Merck hasn’t, Reichert, Herbert Organizations: El Segundo , California CNN, Citigroup, Varda Space Industries, SpaceX, Vandenberg Space Force, Big pharma, Merck, Bristol Myers Squibb, ISS, Laboratory, Space Station, Rocket, CNN, NASA, Company, Founders Fund, PayPal, Pharmaceuticals, Fortune, Space Industries, US Air Force, Utah Test, pharma, “, Congressional, International Locations: El Segundo , California, California, Los Angeles, Delian, Salt Lake City, ”

☆ He Saw ‘Greatness’ in the Lakers When They Were at Their Worst
▼ + stars: | 2023-05-08 | by ( Tania Ganguli | ) www.nytimes.com time to read: 1 min

You’d have to look closely or you’d miss the homemade sign nailed to a telephone pole outside the Lakers’ practice facility in El Segundo, Calif.It’s right outside the entrance to the players’ parking lot, but many of them miss its blue-and-yellow words as they drive in. “I SEE GREATNESS IN YOU,” it says. The sign gives no indication of who “I” might be, who “you” are or what kind of greatness you possess. But in a small yet meaningful way, the message has inspired Lakers Coach Darvin Ham as he leads the team in their Western Conference semifinal series against the Golden State Warriors. Ham has even forged an unlikely friendship with the man who posted the sign: Terrance Burney, a basketball-loving airline employee whose home is filled with inspirational signs.

“Now, we have a better understanding of the kind of benefits that operating in cislunar space can bring countries back home.”Though definitions sometimes differ, cislunar space generally refers to the space between Earth and the moon, including the moon's surface and orbit. In 2021, Holzinger co-authored a report titled “A Primer on Cislunar Space“ to help U.S. government officials understand the ins and outs of cislunar space. That interest is apparent: Last year, the Space Force identified cislunar operations as a development priority, and in April established the 19th Space Defense Squadron to oversee cislunar space. In November, the White House released its own strategy for interagency research on "responsible, peaceful, and sustainable exploration and utilization of cislunar space." Together, these factors could make it difficult to manage traffic in cislunar space, particularly if adversaries intentionally try to mask their activities there.

Dec 17 (Reuters) - L3Harris Technologies Inc (LHX.N) is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc (AJRD.N), 10 months after the latter's $4.4 billion sale to Lockheed Martin Corp (LMT.N) fell through, people familiar with the matter said on Saturday. L3Harris is a defense contractor that is mostly a competitor rather than a customer of Aerojet. Aerojet's solid fuel rocket motors and other propulsion systems would help L3Harris expand its space defense systems and precision munitions businesses. Spokespeople for Aerojet, L3Harris and General Electric did not immediately respond to requests for comment. Its customers include the Pentagon, Boeing (BA.N), Lockheed Martin and Raytheon Technologies Corp (RTX.N).

The Biden administration last week authorized Chevron to expand operations in Venezuela and resume taking prized heavy crude to the United States. Valero Energy Corp (VLO.N), PBF Energy (PBF.N) and Citgo Petroleum have shown interest in getting access to the oil Chevron is expecting in coming weeks, according to the people. No Venezuelan oil officially has been allocated to Chevron yet and no chartering contracts have been signed to transport cargoes to the United States, according to Venezuelan export schedules and Refinitiv freight data. Valero, PBF and other U.S. independent refiners would not need any new authorization to buy Venezuelan oil from Chevron. The primary effect will be to allow some Venezuelan oil to flow back to the United States, "which will help the U.S. refining system," Wirth said.

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