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Larimar Therapeutics sees a 70% increase following fair value signal in April

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Larimar Therapeutics soars 70% after April fair value signal

Afghan refugees trapped in Israel’s conflict with Iran: Nowhere to seek refuge | Latest updates on Israel-Iran tensions

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On Friday, June 13, when Israeli missiles began raining down on Tehran, Shamsi was reminded once again just how vulnerable she and her family are.

The 34-year-old Afghan mother of two was working at her sewing job in north Tehran. In a state of panic and fear, she rushed back home to find her daughters, aged five and seven, huddled beneath a table in horror.

Shamsi fled Taliban rule in Afghanistan just a year ago, hoping Iran would offer safety. Now, undocumented and terrified, she finds herself caught in yet another dangerous situation – this time with no shelter, no status, and no way out.

“I escaped the Taliban but bombs were raining over our heads here,” Shamsi told Al Jazeera from her home in northern Tehran, asking to be referred to by her first name only, for security reasons. “We came here for safety, but we didn’t know where to go.”

Shamsi, a former activist in Afghanistan, and her husband, a former soldier in the Islamic Republic of Afghanistan before the Taliban returned to power in 2021, fled to Iran on a temporary visa, fearful of reprisals from the Taliban over their work. But they have been unable to renew their visas because of the cost and the requirement to exit Iran and re-enter through Taliban-controlled Afghanistan – a journey that would likely be too dangerous.

Life in Iran has not been easy. Without legal residency, Shamsi has no protection at work, no bank account, and no access to aid. “There was no help from Iranians, or from any international organisation,” she said.

Internet blackouts in Tehran have made it hard to find information or contact family.

“Without a driver’s licence, we can’t move around. Every crossroad in Tehran is heavily inspected by police,” she said, noting that they managed to get around restrictions to buy food before Israel began bombing, but once that started it became much harder.

Iran hosts an estimated 3.5 million refugees and people in refugee-like situations, including some 750,000 registered Afghans. But more than 2.6 million are undocumented individuals. Since the Taliban’s return to power and the US withdrawal from Afghanistan in 2021, thousands of Afghans, including activists, journalists, former soldiers, and other vulnerable people, have crossed into Iran seeking refuge.

Tehran province alone reportedly hosts 1.5 million Afghan refugees – the majority of them undocumented – and as Israel targeted sites in and around the capital, attacking civilian and military locations during the 12-day conflict, many Afghans were starkly reminded of their extreme vulnerability – unprotected and unable to access emergency assistance, or even reliable information during air raids as the internet was shut down for large periods of time.

While many fled Tehran for the north of Iran, Afghan refugees like Shamsi and her family had nowhere to go.

On the night of June 22, an explosion shook her neighbourhood, breaking the windows of the family’s apartment. “I was awake until 3am, and just an hour after I fell asleep, another blast woke me up,” she said.

An entire residential apartment was levelled near her building. “I prepared a bag with my children’s main items to be ready if something happens to our building.”

The June 23 ceasefire brokered by Qatar and the US came as a huge relief, but now there are other problems: Shamsi’s family is almost out of money. Her employer, who used to pay her in cash, has left the city and won’t answer her calls. “He’s disappeared,” she said. “When I [previously] asked for my unpaid wages, he just said: ‘You’re an Afghan migrant, get out, out, out.’”

A view shows the aftermath of an Israeli strike on a building in Tehran, Iran, on June 26, 2025 [Majid Asgaripour/WANA (West Asia News Agency) via Reuters]

The human cost of conflict

For all Afghans trapped in Iran – both those forced to flee and those who stayed in their homes – the 12-day conflict with Israel has sharply reawakened feelings of trauma and displacement.

Furthermore, according to the Iranian health authorities, three Afghan migrants – identified as Hafiz Bostani, Abdulwali and Habibullah Jamshidi – were among the 610 people killed in the recent strikes.

On June 18, 18-year-old Afghan labourer Abdulwali was killed and several others were injured in an Israeli strike on their construction site in the Tehranpars area of Tehran. According to the victim’s father, Abdulwali left his studies in Afghanistan about six months ago to work in Iran to feed his family. In a video widely shared by Abdulwali’s friends, his colleagues at the construction site can be heard calling to him to leave the building as loud explosions echo in the background.

Other Afghans are still missing since the Israeli strikes. Hakimi, an elderly Afghan man from Takhar province in Afghanistan, told Al Jazeera that he hadn’t heard from three of his grandsons in Iran for four days. “They were stuck inside a construction site in central Tehran with no food,” he said.

All he knows is that they retreated to the basement of the unfinished apartment building they were working on when they heard the sound of bombs, he explained. The shops nearby were closed, and their Iranian employer has fled the city without paying wages.

Even if they have survived, he added, they are undocumented. “If they get out, they will get deported by police,” Hakimi said.

Afghan refugees Iran
Afghan nationals wait at an Afghan refugee camp in Zahedan, Iran, following the return of the Taliban to power in Afghanistan, on September 8, 2021 [Majid Asgaripour/WANA (West Asia News Agency) via Reuters]

From one danger zone to another

During the conflict, UN Special Rapporteur Richard Bennett urged all parties to protect Afghan migrants in Iran, warning of serious risks to their safety and calling for immediate humanitarian safeguards.

Afghan activist Laila Forugh Mohammadi, who now lives outside the country, is using social media to raise awareness about the dire conditions Afghans are facing in Iran. “People can’t move, can’t speak,” she said. “Most have no legal documents, and that puts them in a dangerous position where they can’t even retrieve unpaid wages from fleeing employers.”

She also flagged that amid the Iran-Israel conflict, there is no government body supporting Afghans. “There’s no bureaucracy to process their situation. We dreaded an escalation in the violence between Iran and Israel for the safety of our people,” she said.

In the end, those who did manage to evacuate from the most dangerous areas in Iran mostly did so with the help of Afghan organisations.

The Afghan Women Activists’ Coordinating Body (AWACB), part of the European Organisation for Integration, helped hundreds of women – many of whom fled the Taliban because of their activist work – and their families to flee. They relocated from high-risk areas like Tehran, Isfahan and Qom – the sites of key nuclear facilities which Israel and the US both targeted – to safer cities such as Mashhad in the northeast of the country. The group also helped with communicating with families in Afghanistan during the ongoing internet blackouts in Iran.

“Our capacity is limited. We can only support official members of AWACB,” said Dr Patoni Teichmann, the group’s founder, speaking to Al Jazeera before the ceasefire. “We have evacuated 103 women out of our existing 450 members, most of whom are Afghan women’s rights activists and protesters who rallied against the women’s education ban and fled Afghanistan.”

Tehran
A man stands near a damaged car in Tehran, following an Israeli strike, June 26, 2025 [Majid Asgaripour/WANA (West Asia News Agency) via Reuters]

‘I can’t go back to the Taliban’

Iran recently announced plans to deport up to two million undocumented Afghans, but during the 12-day conflict, some took the decision to move back anyway despite the dangers and hardships they may face there.

World Vision Afghanistan reported that, throughout the 12-day war, approximately 7,000 Afghans were crossing daily from Iran into Afghanistan via the Islam Qala border in Herat. “People are arriving with only the clothes on their backs,” said Mark Cal, a field representative. “They’re traumatised, confused, and returning to a homeland still in economic and social freefall.”

The Office of the UN High Commissioner for Refugees (UNHCR) has voiced grave concerns about the deteriorating humanitarian situation for Afghans in Iran, adding that it is monitoring reports that people are on the move within Iran and that some are leaving for neighbouring countries.

Even as Israeli strikes came to a halt, tensions remain high, and the number of Afghans fleeing Iran is expected to rise.

But for many, there is nowhere left to go.

Back in northern Tehran, Shamsi sits beside her daughter watching an Iranian news channel. “We came here for safety,” she says softly. Asked what she would do if the situation worsens, Shamsi doesn’t hesitate: “I will stay here with my family. I can’t go back to the Taliban.”

This piece was published in collaboration with Egab.

Consumer spending decreased in May due to rising inflation—a double dose of negative news

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For the first time this year, consumers pulled back on spending as the bad mood that’s been pervasive since tariffs hit caught up with retail data.

Overall spending in May fell 0.1% from the prior month and incomes fell 0.4%, the Commerce Department reported Friday. Coming on the heels of a report that first-quarter GDP shrank more than expected, the data show a rapidly downshifting economy.

“Personal consumption expenditures are weak and continue to weaken,” Eugenio Aleman, chief economist at Raymond James, told Fortune. 

“We knew that consumer demand has been on the weak side, but yesterday we had the revision to the first-quarter GDP, which reaffirmed that consumption wasn’t that strong. Today’s number just confirmed that this wasn’t a one-off.” 

Both spending and income figures were distorted by one-time changes. Spending on cars plunged, pulling down overall spending, because Americans had moved more quickly to buy vehicles in the spring to get ahead of tariffs. But spending on airfares, meals, and hotels all fell last month—signs of underlying consumer pressure rather than mere timing shifts. Spending on services overall rose just 0.1% in May, the lowest one-month increase in four and a half years. 

“Because consumers are not in a strong enough shape to handle those (higher prices), they are spending less on recreation, travel, hotels, that type of thing,” said Luke Tilley, chief economist at Wilmington Trust.

Retail sales also dropped sharply last month, contracting 0.9%, according to a separate report released last week.

Incomes also dropped after a one-time adjustment to Social Security benefits boosted payments in March and April, allowing some retirees who had worked for state and local governments to get higher Social Security payments.

Inflation heated up modestly, with prices rising at a 2.3% annual rate in May, compared with 2.1% in April. Core prices, which exclude volatile food and energy costs, increased 2.7% from a year earlier, up from April’s 2.6% rate. 

In the first three months of this year, consumer spending rose just 0.5% and has been sluggish in the first two months of the second quarter. Most economists think May’s figures signal a dramatic downshift to come. “The US economy is poised for a summer slowdown,” EY economists wrote. “Both consumer spending and business investment are expected to decelerate significantly.” 

In recent years, consumers have been able to keep spending more thanks to real income growth and a boost to some government benefits. “But these two supports have now mostly faded, and the real income picture is about to deteriorate rapidly, as tariffs drive up prices,” economist at Pantheon Macroeconomics said. With personal savings low and consumers too skittish to borrow, “consumption is likely to slow much further, and soon,” they said.

Real incomes are set to flatten this year, due partly to a weaker job market but also because prices are rising, they wrote. At the same time, the rate of inflation—2.7% annually—is significantly higher than the Federal Reserve’s 2% target, making it unlikely rate cuts are coming anytime soon.

“With so many uncertainties still lingering, the Fed will likely hold off on rate cuts for the time being,” Nationwide Financial Markets Economist Oren Klachkin said.

Jeff Bezos and Lauren Sanchez tie the knot in romantic Venice ceremony

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Instagram/Reuters Lauren Sánchez wears a Dolce & Gabbana haute couture gown while Jeff Bezos places his arm around her while wearing a smart black tuxedo Instagram/Reuters

Reality stars, actors, royals and a whole host of A-listers have travelled to Venice for the lavish wedding between Amazon founder Jeff Bezos and Lauren Sanchez.

Oprah Winfrey, Orlando Bloom, Kylie Jenner and Ivanka Trump were just some of the celebrities seen on the boats and streets of the Italian city on Thursday and Friday.

The festivities are expected to last three days, ending with a large party for the married couple and their hundreds of guests on Saturday.

The event has attracted protests from a variety of groups in Venice, including locals fighting over-tourism to climate change activists.

Sanchez, 55, wore a lace Dolce & Gabbana haute couture gown for the wedding – she was seen smiling alongside a jubilant Bezos, 61, after the ceremony, in a picture (above) posted on Instagram.

Getty Images Oprah Winfrey in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. Oprah is wearing a dress featuring a burgundy and white print. Her hair has been styled in loose waves. Getty Images

Oprah Winfrey

Getty Images Kim Kardashian in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. She is pointing her index finger at someone while talking. Getty Images

Kim Kardashian

Getty Images Kylie Jenner and Kendall Jenner in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. Kendall is wearing a floral print dress and Kylie is wearing a yellow dress. Getty Images

Kendall Jenner and Kylie Jenner

Getty Images Jeff Bezos in dark glasses and tuxedo waving from the back of a small motor boat in Venice on 27 June 2025.Getty Images

Jeff Bezos waving from a small motor boat

EPA Onlookers point their cameras toward Jeff Bezos (not pictured) and guests, spotting them from a boat in Venice.EPA

Excited onlookers spot Jeff Bezos on his way to San Giorgio island in Venice

Getty Images A general view of Venice, Italy, during the wedding of Jeff Bezos and Lauren Sanchez. A number of gondolas are pictured on the water. Getty Images

People have travelled on Venice’s canals for hundreds of years

Getty Images Khloé Kardashian and Kris Jenner in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. Khloe is wearing a sleeveless black dress and Kris is wearing a leopard print dress. Getty Images

Khloe Kardashian and Kris Jenner

Getty Images US singer-songwriter Usher Raymond IV (L) with American football star Tom Brady - Usher wears a grey check suit and black bow tie, Brady wears a black suit, dark navy tie and dark glasses, and both are aboard a boat.Getty Images

US singer-songwriter Usher with American football star Tom Brady

Getty Images Activists protesting in Venice, Italy, against the wedding of Jeff Bezos and Lauren Sanchez. They are holding posters which read "We are the 99% We have the power". Getty Images

Activists protesting in Venice

Getty Images Activists protesting in Venice, Italy, against the wedding of Jeff Bezos and Lauren Sanchez. One protester carrying a flag is pictured attempting to climb a column. Getty Images

Protesters have been attempting to cause disruption

Getty Images US manager Corey Gamble and US television personality Kris Jenner in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. They are both wearing black outfits and sunglasses. Getty Images

Corey Gamble and Kris Jenner

Getty Images Kris Jenner, Khloe Kardashian and Kim Kardashian in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. They are gesturing peace signs on a taxi boat while their mother Kris Jenner photographs them. Getty Images

Khloe Kardashian and Kim Kardashian

Getty Images Edward Enninful and Vittoria Ceretti in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. Edward is wearing a bright white suit and Vittoria is wearing a pastel pink coloured gown. Getty Images

Fashion magazine editor Edward Enninful and Italian model Vittoria Ceretti

Getty Images US tech entrepreneur Bill Gates and partner Paula Hurd in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. Both are wearing black outfits. Getty Images

US tech entrepreneur Bill Gates and partner Paula Hurd

Getty Images US actor Leonardo Dicaprio in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. He is wearing a dark baseball cap which is partially obscuring his face. Getty Images

Hollywood actor Leonardo Dicaprio

Getty Images British actor Orlando Bloom wearing a white shirt and cream-coloured trousers in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez.Getty Images

Actor Orlando Bloom

Reuters Ivanka Trump and her husband Jared Kushner in Venice, Italy, for the wedding of Jeff Bezos and Lauren Sanchez. Ivanka is wearing a pink dress and Jared is in a suit and bow tie. Reuters

Jared Kushner and Ivanka Trump, daughter of US President Donald Trump

Getty Images Amazon founder Jeff Bezos and Lauren Sanchez gesture from the taxi boat at the Aman Hotel in Venice on June 26, 2025.Getty Images

Lauren Sanchez and Jeff Bezos on a taxi boat in the city

MBW’s Weekly Round-Up: Double DAW Deals and AI Lawsuit Results for Meta and Anthropic

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Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs.


The music industry’s rhythm of announcements is slowing to a lazy summer beat. But there was still enough big news this week to capture MBW’s attention.

That was especially true in the world of music-making, and, particularly DAWs (Digital Audio Workstations).

On Monday (June 23), Splice announced it had struck a new deal with Avid to bring its sample library to ProTools.

Then, a few days later, AI music platform Suno – currently being sued by the major music companies – announced it had acquired WavTool, a DAW which boasts “professional-grade music production features”.

Elsewhere this week, the results for music rightsholders from two key AI copyright cases involving Meta and Anthropic were mixed.

And there was a big announcement from SESAC-owned Rumblefish and that small social media platform, TikTok.

Here’s some of the biggest stories from the past few days…


1) AI music platform SUNO acquires WavTool

Suno, the AI music startup currently in a legal battle with major record labels alongside its rival Udio, is foraying into the digital audio workstation (DAW) market with its acquisition of WavTool.

Suno announced the acquisition on Thursday (June 26), a day after its rival Udio released a visual editing workstation for AI-generated music.

Suno’s acquisition of WavTool integrates the latter’s browser-based DAW technology into Suno’s existing AI music generation platform.


Photo: A Jardiel

2) Splice strikes partnership with Avid for ProTools library

Music creation platform Splice has integrated its sample library with Avid’s Pro Tools digital audio workstation, making millions of loops, sound effects and one-shots available to the artists and producers who use the popular music-making tool.

The idea is to speed up the music-making process by eliminating the need to switch between apps when adding samples to a music project.

The new Pro Tools 2025.6 will allow subscribers to access around 2,500 samples for free, with the rest available through a monthly subscription fee.


Photo credit: Tinseltown/Shutterstock

3) Court shoots down Sarah Silverman’s case against Meta AI – but declares using copyrighted works for training is not ‘fair use’

For the second time this week, a US federal judge has issued an opinion on whether or not using copyrighted materials without permission to train AI amounts to “fair use” – and the most recent ruling contradicts the previous one.

In an order on Monday (June 23), Judge William Alsup handed a partial victory to AI company Anthropic in its defense against a lawsuit by three authors, declaring that training AI on copyrighted materials does indeed count as fair use.

Two days later, another judge in the same court – the US District Court for the Northern District of California – declared the exact opposite.


4) RUMBLEFISH INKS BYTEDANCE DEAL TO PROVIDE MUSIC LICENSING TO TIKTOK, CAPCUT

TikTok and CapCut have a new official partner providing music data, licensing, and royalty management services: Rumblefish.

US-based Rumblefish is part of the Harry Fox Agency (HFA), which in turn is owned by SESAC Music Group’s Music Services division.

According to Rumblefish, the new agreement will enable music publishers to directly license both ByteDance platforms.

This arrangement, MBW has confirmed, will enable publishers to ink multi-territory licensing deals with ByteDance, dependent on the geographical scope of each pubco’s rights.


Diego Thomazini/Shutterstock

5) US senators call for FTC probe into Spotify’s bundling practices

Two US senators have called on the US Federal Trade Commission to investigate Spotify over allegations that its streaming “bundling” practice harms consumers and could “damage” the marketplace and the music royalty system.

In March 2024, Spotify reclassified its Premium subscription tiers as “bundles,” as they now include 15 hours of audiobook access each month.

The move controversially resulted in Spotify paying a lower mechanical royalty rate to publishers and songwriters in the United States.


MBW’s Weekly Round-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.Music Business Worldwide

Investigating the Air India Crash: Analyzing Visual and Audio Evidence to Uncover the Truth

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It could take months to reach definitive conclusions explaining India’s deadliest plane crash in three decades.

But a New York Times analysis of photos and videos from the June 12 incident — which were reviewed with aviation safety experts, including former pilots and crash investigators, as well as an audio forensics expert — reveals key details about the disaster.

The analysis suggests that the plane likely extended its wing flaps and slats before takeoff, used adequate runway distance, and took off from a typical point with a relatively normal initial ascent.

Within seconds of takeoff, however, the landing gear retraction process appears to have failed, and the plane’s emergency power generator was likely deployed.

Experts say these failures indicate that the plane could have experienced a catastrophic loss of hydraulic, electrical or engine power while airborne.

A takeoff like any other

The takeoff of Air India Flight 171 from the Ahmedabad airport has been under intense scrutiny for early warning signs that would suggest that issues appeared before takeoff. However, multiple experts interviewed by The Times said that the initial takeoff appeared relatively normal and that it did not seem as though the plane lacked necessary thrust from its engines on the ground.

A New York Times analysis of CCTV footage and flight data shows that the position where the plane left the runway was in line with its seven previous departures from the same runway. The Times determined the likely position of the CCTV camera and used its perspective to determine the plane’s approximate takeoff point.

Source: Google (satellite image) and Reuters (image from video)

Note: Plane in satellite image is not to scale.

The New York Times

Flight used the usual runway length

Gaps in available flight tracking data have raised another question: whether the aircraft used the back half of the runway, which would normally be necessary to generate enough power for takeoff.

At about 1:34 p.m. local time, the aircraft was taxiing adjacent to the departure runway but had not entered it, flight tracking data shows. Five minutes later, around 1:39 p.m., data shows the plane airborne near the end of the runway, with no recorded points in between.

A Times analysis of the CCTV footage shows that the aircraft’s position on the runway when it enters the video frame at 1:38 p.m. would only be possible if it had backtracked on the runway.

Sources: Flightradar24 (flight data), Google (satellite image) and Reuters (image from video)

The New York Times

The fatal flight’s initial trajectory in the air is also somewhat typical and does not deviate significantly from the previous seven Air India Flight 171 departures from Ahmedabad, according to historical flight data.

“Once the airplane gets airborne, the initial climb rate looks pretty normal,” said John Cox, a former airline pilot.

Slats and flaps were likely extended

The airplane’s rapid descent shortly after taking off has raised concerns about whether the slats and flaps on its wings were in an extended position for takeoff. They are typically deployed before takeoff to provide more surface area to create lift.

A photo from the wreckage site shows the right wing slats in an extended position, suggesting they were likely extended for takeoff.

Source: Image from Ankit Sheth, via X

The New York Times

Soot and burn marks visible on the wing also suggest that when the aircraft crashed, the slats were in an extended position.

The burn marks indicate that the slats were deployed prior to impact, or at least when the explosion occurred on the ground, said Shawn Pruchnicki, a former accident investigator at the Air Line Pilots Association.

The extended position of the slats also indicates that the flaps on the trailing edge of the wings were deployed, despite a lack of clear visibility of the flaps in the crash video, according to Mr. Pruchnicki. All Boeing 787-8 aircraft, like Air India Flight 171, automatically extend their slats when the flaps are activated by pilots.

Another indication that the slats were extended during flight comes from a video of the crash shot from a nearby rooftop, which shows a slight shadow on the leading edge of the plane’s right wing as it descends.

Source: Newsflare, via Associated Press (image from video)

The New York Times

While some experts have noted that it may be too difficult to say with certainty that the slats were extended based on the video quality, it is further evidence that they likely were — suggesting that pilots carried out some standard procedures at the beginning of the flight.

Landing gear failed to fully retract

Analysis of the same video reveals one of the earliest signs of trouble after takeoff: failure to fully retract the plane’s landing gear back into the aircraft’s fuselage.

Soon after takeoff, pilots usually retract the landing gear, which is in a default front-wheel-up position immediately after takeoff.

Typical landing gear after takeoff

While planes can technically fly with their landing gear extended, pilots typically retract it to reduce drag.

In the crash video shot from the rooftop, the landing gear truck is visibly in a front-wheel-down position after liftoff.

Air India’s 171’s landing gear after takeoff

Source: Newsflare, via Associated Press (image from video)

The New York Times

The tilted position indicates that the landing gear retraction sequence was initiated in the cockpit as it would have been on any other takeoff, but the retraction appeared to have failed in the middle of the process.

The landing gear must be positioned correctly in order to fit back into the airplane’s fuselage, said John Goglia, a former member of the National Transportation Safety Board.

It appears that the pilots activated the landing gear retraction sequence from the cockpit, but that they were not able to fully retract the gear, possibly because of issues such as an electrical failure that caused a loss of hydraulic power, Mr. Goglia said.

Emergency power generator was activated

If a plane like the Boeing 787-8 Dreamliner suffers from an abrupt loss of electrical, hydraulic or engine power at any altitude, an alternative power source is automatically deployed from the bottom of the jets. Known as the ram air turbine, it can also be manually activated.

The turbine does not generate enough electricity to power all functions on an aircraft, but it might provide sufficient power to help land a plane in an emergency situation.

Multiple aviation experts The Times spoke with pointed to the distinct sound audible in the video shot from a nearby rooftop as evidence for likely deployment of the flight’s emergency power generator.

To further verify this, The Times worked with Cesar Lamschtein, a media forensics expert who specializes in audio analysis, to compare the audio signature of the fatal flight with another example of a Dreamliner jet landing with the turbine deployed.

The analysis showed that the sound from the fatal flight was over 97 percent consistent with a different instance of emergency turbine deployment.

How Air India 171 sounded during its descent

Source: Audio from Newsflare, via Associated Press

Aircraft showed no visible swerve

There are additional indications that the plane may have experienced a loss of engine power after takeoff.

Generally when planes lose a single engine, they swerve slightly to one side before the pilot or the aircraft’s computer system corrects the issue. However, that is not visible in either available video of the crash.

Source: Reuters

The New York TImes

“You don’t see any kind of indication of asymmetric thrust. You don’t see yawing, you don’t see rudder deflection, you don’t see smoke, or puffs of flame from either engine,” said Jeff Guzzetti, a former accident investigator for the Federal Aviation Administration. “That all adds up to me to be a symmetrical loss of power.”

This suggests that the issues that may have caused both the engines to fail likely occurred at nearly the same moment— a highly unusual scenario, experts said.

Possible explanations of a simultaneous dual engine failure could include contamination of the fuel source into both engines, or an issue stemming from an incorrect input of flight parameters before takeoff.

Investigators will be assessing these possibilities and more as they uncover additional details from the plane’s black boxes in the coming days and weeks.

Major US banks successfully complete Federal Reserve stress tests

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The biggest US banks have all passed the Federal Reserve’s annual tests of whether they can withstand a future economic and market crisis, prompting analysts to predict a sharp increase in dividends and share buybacks.

The Fed said on Friday that under its “severely adverse” scenario, in which unemployment surges to 10 per cent, the 22 banks, including JPMorgan Chase, Goldman Sachs and Bank of America, would lose more than $550bn.

However, they would suffer a much smaller hit to capital than in recent years and remain well within required regulatory standards.

The theoretical recession used by the Fed to test banks’ resilience was less severe than the previous year’s. While the scenario was designed before President Donald Trump’s return to office, it comes at a time when his administration is pushing to soften financial regulations.

“Large banks remain well capitalised and resilient to a range of severe outcomes,” said Michelle Bowman, the Fed’s vice-chair for supervision.

The results of the Fed’s “stress tests” will be used to calculate the minimum level of capital that banks need relative to their risk-adjusted assets, providing a critical buffer to absorb losses.

Jason Goldberg, analyst at Barclays, forecast on the basis of this year’s results that Goldman Sachs would be the biggest winner among the leading US lenders as its minimum capital level would drop from 13.7 per cent to 10.7 per cent. Wells Fargo, M&T Bank and Morgan Stanley would also have their capital requirements cut by 1 percentage point, he predicted.

He added that this was likely to raise the amount of excess capital that most banks seek to return to shareholders via dividends and share buybacks. “We expect share repurchase (in dollars) to increase 12 per cent at [the] median bank relative to the prior year’s exam, with most banks stable to higher,” he said.

Banks are optimistic that the tests will become even more accommodating after the Fed responded to a legal challenge by the main banking lobby group with a promise to overhaul the exercise. The central bank said earlier this year it planned to make the exercise more transparent and to average the test results over the past two years to reduce volatility.

The banks are required to wait until Tuesday to provide an update on what they expect their new capital requirement to be. They frequently lay out plans for dividends and share buybacks after the Fed stress tests.

The Fed said this year’s stress tests would push banks’ aggregate tier one capital ratio, their main cushion against losses, down by 1.8 percentage points — a smaller drop than in recent years and well below the 2.8- percentage-point fall in last year’s exercise.

But the Fed said it expected to calculate banks’ capital requirements on the basis of its two-year averaging proposal, providing that was finalised in the coming weeks. This will increase the capital hit to 2.3 per cent. Bowman said the change was preferable “to address the excessive volatility in the stress test results and corresponding capital requirements”.

The lender with the biggest fall in its capital due to the theoretical stress was Deutsche Bank’s US operation, which had a hypothetical decline of more than 12 percentage points, based on the averaged results of the past two tests. The next largest falls were at the US subsidiaries of Switzerland’s UBS and Canada’s RBC. But they all remained more than double the 4.5 per cent minimum level through the exam.

In this year’s “severely adverse” scenario, US GDP declined 7.8 per cent in a year, unemployment rose 5.9 percentage points to 10 per cent and inflation slowed to 1.3 per cent. House prices fell 33 per cent and commercial property prices dropped 30 per cent. 

While this would be one of the most extreme recessions in history, it is milder than the one drawn up by the Fed last year. The theoretical market crash — with share prices falling 50 per cent and high-yield bonds selling off sharply — was also less severe than in last year’s exercise.

The Fed said banks benefited from their higher profitability. It added that it had included lower hypothetical losses from private equity after “adjusting how these exposures are measured to better align with these exposures’ characteristics”.

Under pressure from Trump to ease the regulatory burden in support of growth and investment, the Fed has announced plans to rework many of its rules for banks. 

This week, the Fed and the two other main banking watchdogs announced plans to slash the enhanced supplementary leverage ratio, which sets how much capital the biggest banks need to have against their total assets.

Which Mock Draft had the highest accuracy rate?

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The 2025 NBA Draft is complete and it’s time to reflect.

We’ve already handed out draft-night grades but now it’s time to assess the very basis of those grades! Over here at Basketball Insiders, we’ve compiled eight different mock drafts to see who performed the best (and worst).

The sites used are ESPN, The Athletic, The Ringer, NBADraft.net, NBA Draft Room, CBS, Yahoo, CBS (Gary Parrish) and Tankathon.

Without further adieu, here’s how the mock drafts were “marked.”

Three shades of green were used for accurate picks: the darkest shade for exactly the right pick, one shade lighter for being a spot off, and another shade lighter for being two picks off. Three picks off is neutral and in white.

After that, we get into the negative marking. Being four picks off gets you a yellow, five picks off is an orange and anything more than that is red.

For example, in the table below, you’ll see Tankathon was the only site to get all of the first seven picks exactly right. On the flip side, no one came close to having Yang Hansen at No. 16, so every site is in the red there.

Which Mock Drafts Best Predicted The 2025 NBA Draft?Which Mock Drafts Best Predicted The 2025 NBA Draft?

Which Outlet Had The Best Mock Draft?

Other than Egor Demin going eighth to the Brooklyn Nets and a few outlets missing on Noa Essengue, the first 15 picks are pretty clean. It’s hard to expect perfection when trades take place and different teams get involved.

It is fair to ask, though, why no one was able to gather the intel the Nets had prioritized point guard for this Draft. Beyond Demin, Nolan Traore and Ben Saraf also wound up selected by Brooklyn.

The other point of interest is seeing just how much Kasparas Jakucionis dropped. Widely projected in the top 13, his drop to 20th was a surprise to most except Yahoo, which had him 22nd.

Probably the most straightforward way to measure which outlet had the best mock draft was to stack up the total differential: the difference between where a player was picked and where he was mocked, then adding up that difference for all 30 picks.

The winner in this regard was NBA Draft Room with a differential of 109 over the entire first round. Yahoo was second at 114 and ESPN finsihed third at 116. CBS (they have four analysts and we used Gary Parrish) finished worst at 160.

It should be noted The Ringer only covers the first round, so it was assigned the same mock number as whichever other outlet was worst. For example, Yang Hansen was projected lowest by Tankathon at 42, so that same number was assigned to The Ringer.

Back Half Of First Round Wreaks Havoc

What was interesting about this Draft is just how much mocks struggled in the second half of the first round.

The average differential over the first 15 picks was 34, compared to 99 for picks 16-30. That means, on average, mock drafts misplaced players by 2.26 spots per player over the first 15 picks, then by 6.6 spots per player over the next 15.

Seven trades were made between the 16th and 29th picks, which surely had an impact.

No one fared better over the first 15 picks than ESPN with a differential of 27, followed by a tie between Tankathon and NBA Draft.net at 33.

NBA Draft Room was the runaway winner in the back half of the first round with a differential of 73. Yahoo was next at 81, followed by ESPN at 91. CBS was the worst at 121, followed by Tankathon at 116.

Was it just an off day for some and a great day for others? Stay tuned next year to see the trend.

Reaching New Peaks: The Importance of Blade Lifters in Wind Energy Production

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On a road trip, you’ve likely seen a long trailer carrying an enormous wind turbine blade. And you might have wondered how such a large component reaches the top of a mountain and is installed dozens of meters high. Until now, this challenge has been met with significant logistical efforts and, at times, by altering access roads, which are often steep and winding. Think about the difficulty of moving a large cabinet up a narrow staircase to get an idea. Fortunately, the advent of blade lifter technology has made it possible to develop projects previously deemed unfeasible due to their inaccessible locations.

This article covers the following topics:

 

 

Do you like what you see? Download the PDF here

The challenge of transporting a blade

In the mid-2010s, wind turbine blades, made from a mix of fiberglass, carbon fiber, wood, and aluminum, already weighed up to seven tons and measured forty meters in length. However, these impressive figures are now overshadowed by today’s standards. As wind turbines increase in power and efficiency, their blades grow exponentially. It’s now common to see blades twice as long. While helicopters were once used for short-distance transport, road transport has become the only viable option.

Although part of the journey can be managed by maritime transport or by placing factories near wind farms, large trucks with extendable trailers are indispensable for the final stretches. Bridges, roundabouts, and intersections along the route must be considered. When navigating uphill curves on mountain roads, sometimes the road surface itself needs to be extended.

Blade lifter technology takes over

This challenge has led to the development of blade lifter technology, which features a blade-lifting mechanism installed on trailers. The blade is secured to a hydraulic system that can adjust its orientation up to about 65 degrees, and some models can reach 90 degrees. This allows the blade to avoid obstacles and reduces the need for large trailers. Additionally, the platform where each blade is mounted can, in some cases, rotate 180 degrees to counteract wind gusts. Some models can lift up to 1,000 metric tons.

The first tests of this system were conducted in 2012 for a wind farm installation in Switzerland. Its adoption has been relatively slow, with countries like Spain not using it until 2019. However, it is now a mature technology gaining traction with impressive use cases. What drives this success? Among its main advantages, besides improved transport mobility, are:

  • It facilitates the installation of wind farms in previously inaccessible locations, expanding the range of renewable projects.
  • It reduces costs associated with civil engineering works, as major road modifications are unnecessary.
  • It minimizes environmental impact by preserving existing vegetation and reducing earthworks.

 

 

The case of the MacIntyre wind farm

ACCIONA Energía is pioneering this system in countries like Australia. At the MacIntyre wind farm, they demonstrated its effectiveness in one of the largest installations in the southern hemisphere. By utilizing existing roads, they reduced the required earthworks by 250,000 cubic meters. Moreover, because the surrounding land remained undisturbed, the impact on vegetation was minimized by 20,000 square meters—equivalent to three times the size of Manchester United’s stadium in the UK.

 


 

Overall, wind energy is becoming more efficient. This is partly due to the increasing size of wind turbines and the focus on offshore wind farms, but also thanks to advancements in manufacturing and transport systems. If you’re interested in learning about the lifecycle and recycling of a blade, we recommend reading this article on how a blade can be reincarnated as a sneaker.

 

Trump hints at potential Gaza ceasefire in the coming week, offers limited information | Latest Updates on Donald Trump

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US president’s claim greeted with surprise as deaths spiral in Gaza and Israeli forces accused of more ‘war crimes’ for shooting starving people seeking food aid.

United States President Donald Trump said he believes a ceasefire in Gaza between Israel and Hamas could be reached within a week.

Trump came out with the surprise comment while speaking to reporters on Friday, saying he was hopeful after speaking to some of the people involved in trying to get a truce.

“I think it’s close. I just spoke to some of the people involved,” Trump said.

“We think within the next week we’re going to get a ceasefire,” the president said, without revealing who he had been in contact with.

Al Jazeera’s Nour Odeh, reporting from Amman in Jordan, said Trump’s comment will be “welcome news” to the starved and bombed population of Gaza, but she also cautioned that there are “no negotiations at this moment happening anywhere in the region”.

“What we do know is that talk of a ceasefire increased exponentially after the ceasefire between Israel and Iran. Israel does not want to talk about ending the war. In fact, the Israeli prime minister would be risking a lot if he did,” Odeh said.

But, she added, there is an understanding, according to many reports, that Netanyahu would have to agree to some sort of ceasefire in exchange for normalisation deals with Arab states, which the Trump administration has promoted.

Hamas, on the other hand, requires that Israel stop its war on Gaza and for the Israeli military to withdraw from areas it seized in Gaza after breaking the last ceasefire in March.

“Hamas also wants US guarantees that negotiations would continue and that Israel wouldn’t break the ceasefire again if more time was needed for negotiations,” Odeh added.

Trump’s ceasefire prediction comes at a time of mounting killings by Israeli forces in Gaza and growing international condemnation of Israel’s war amid the latest revelation that soldiers said they were ordered to shoot unarmed Palestinian civilians seeking humanitarian aid in the territory.

Authorities in Gaza said the report by the Haaretz media outlet that Israeli commanders ordered the deliberate shooting of starving Palestinians was further proof of Israel’s “war crimes” in the war-torn territory.

While Israeli Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz have rejected the report of commanders targeting civilians, Gaza’s Health Ministry has reported that almost 550 Palestinians have been killed near US- and Israel-backed aid distribution points in Gaza since late May.

“People are being killed simply trying to feed themselves and their families,” United Nations Secretary-General Antonio Guterres said on Friday. “The search for food must never be a death sentence,” he said.

Medical charity Doctors Without Borders (also known by its French acronym MSF) branded the situation in Gaza as “slaughter masquerading as humanitarian aid”.

A spokesperson for the office of Trump’s special envoy, Steve Witkoff, said they had no information to share about a possible ceasefire breakthrough in Gaza.

Witkoff helped former US President Joe Biden’s aides broker a ceasefire and captive release agreement in Gaza shortly before Trump took office in January. But the truce was broken by Israel in March when it launched a wave of surprise bombing attacks across the territory.

Israeli officials said that only military action would result in the return of captives held in Gaza, and imposed a blockade on food, water, medicine and fuel entering the territory that led to widespread starvation among the 2.1 million population.

Israeli Minister for Strategic Affairs Ron Dermer is scheduled to visit Washington next week for talks with Trump administration officials on Gaza, Iran and a possible White House visit by Netanyahu, according to a source familiar with the matter.