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Climate fintech startup Eventual secures $7.5 million seed funding from AlleyCorp and Upfront Ventures

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Growing up in Hawaii, Dylan DiMarchi was a sailor. And he watched as the weather shifted throughout his childhood, and adolescence. 

“I’ve been sailing for two decades now, and noticing patterns in the weather is our main job as sailors,” he said. “There are definitely changes in certain venues. Like, in my home venue [on Oahu] Kāneʻohe, we’ve seen wind directions and strength definitely and measurably change over the last two decades. While it’s hard to know exactly what dynamics are leading to that change on that island in the Pacific, it’s really important we spend a lot of time looking at weather models.”

DiMarchi has spent much of his life thinking about weather—his experience sailing is connected to his life as an entrepreneur, as cofounder and CEO of Eventual, a startup helping insurance carriers and homeowners predict climate-driven pricing changes. Founded in 2023 by DiMarchi and Youssef Doss, Eventual built a model—based on historical and current data from 20 million homes and 150,000 commercial properties—that estimates how insurance prices on homes in the U.S. will change in the coming years. 

“We’re focused on not just solving insurance generally, but on a relatively new stress—this unpredictability and timing problem.” said DiMarchi. “Many of our customers have seen premiums, often unexpectedly, increase 50% to 100% over the last three or four years, which is wild to say out loud.”

Now, Eventual has raised a $7.5 million seed round led by AlleyCorp and Upfront Ventures, the company exclusively told Fortune

“Over time, we see this being useful for every homeowner in America,” Luc Ryan-Schreiber, AlleyCorp investor, added via email. “Anyone who owns property should have access to this sort of long-term predictability, as insurance pricing has suddenly become one of the most urgent financial problems in real estate today.”

Eventual’s new key product is called Premium Lock, an AI model predicting how insurance prices will evolve for any given U.S. property as far ahead as five years in the future. Right now, it’s available nationwide. Eventual solves “the rollercoaster ride of property insurance premiums,” said Yoon Lee, founder at Connecticut-based real estate company RoomUnity. 

“When you own multiple properties, getting a clear picture of your expenses is super important for planning,” Lee said via email. “Insurance companies base their premiums on replacement cost, which is highly exposed to increases in construction material and labor inflation. Eventual is a smart way to hedge against that risk; it effectively caps how much our premium can go up for a set period. This kind of predictability is invaluable for our financial planning.”

At a time when the Trump White House has been rolling back policies designed to address climate change, DiMarchi says it’s important to think about the far-off future as much as the near-term.

“We are climate pragmatists,” DiMarchi told Fortune. “You can’t just live your life decades out, working on mitigation. You also need to react to the near-term, on a one, two, or five-year time horizon. So, we think that’s our role in this whole universe—building financial resilience against a financial problem that’s a result of climate change.”

Eyewitnesses recount tragic Bangladesh plane crash

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new video loaded: Witnesses Recall Deadly Bangladesh Plane Crash

By Chevaz Clarke

At least 31 people were killed after a military jet crashed into a school building in Dhaka. The tragedy at the Milestone School and College has led to a national outpouring of grief.

Recent episodes in International

International video coverage from The New York Times.

International video coverage from The New York Times.

Denis Ladegaillerie regains control of his company: Believe consortium’s buyout process nearly finalized, halting trading in France.

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Denis Ladegaillerie, the founder and CEO of Believe, is once again leading a private company.

As previously reported, Ladegaillerie has teamed up with the EQT X fund plus funds advised by TCV to form a private consortium.

As of last month, that consortium owned 96.65% of Believe, with the remaining ~4% of the company still trading on the Paris Euronext.

Today (July 22), Believe has ceased trading on that stock market, with Ladegaillerie’s consortium in the final throes of a ‘squeeze-out’ to regain full control of the business.

Under French financial law, a company’s owners can force public shareholders to sell their shares in a business – aka: a ‘squeeze-out’ – so long as only a fraction of said business remains trading on a public exchange.

Believe’s remaining public shareholders had until yesterday (July 21) to accept the Ladegaillerie consortium’s buyout offer of EUR €17.20 per share.

Some of those shareholders said yes: according to Believe, at yesterday’s close, the consortium ownership had increased to 98.67% of the company’s share capital and 97.40% of the voting rights.

However, some shareholders – those holding just 1.33% of Believe’s equity – didn’t accept Ladegaillerie’s offer by the deadline.

Alas, thanks to the ‘squeeze-out’ element, this was ultimately an offer… they could not refuse.

The 1.33% of Believe shareholders who didn’t accept the consortium’s offer by yesterday are now expected to see their shares transferred to Ladegaillerie and co. anyway via a ‘compulsory withdrawal’ for the €17.20 per share price.

Believe has confirmed that the consortium will file a request with the AMF (France’s equivalent of the USA’s SEC) in the coming days to complete this ‘squeeze-out’ process.

Public trading of Believe’s shares has been suspended today (July 22) ahead of the finalization of the ‘squeeze-out’.

Believe – now effectively private – also says it will cease public financial communications.

As a result, Believe has confirmed that its half-year results for 2025 will not be made public.

Last year, Ladegaillerie’s consortium gained majority control of Believe, securing 94.99% of the company’s share capital through a €15-per-share takeover bid. That transaction valued Believe at about €1.43 billion ($1.63 billion).

EQT previously said that, via its stake in the Ladegaillerie consortium, it expects to be “30-35% invested” in Believe. This implies that EQT X now owns around a third of the equity in Believe.

EQT, a global investment organization with €269 billion ($305.5 billion) in total assets under management, has increased its exposure to music-related assets. It has also invested in Epidemic Sound and talent agency UTA.

Music Business Worldwide

Trump team requests meeting with Ghislaine Maxwell amidst mounting pressure over Epstein scandal | Latest updates on Donald Trump

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The United States Department of Justice (DOJ) has announced one of its top officials has sought a meeting with sex offender Jeffrey Epstein’s imprisoned associate, Ghislaine Maxwell, amid continued scrutiny of President Donald Trump’s handling of the case.

On Tuesday, Attorney General Pam Bondi released a statement from her deputy, Todd Blanche, who explained that he is pursuing a meeting with Maxwell to ensure transparency in the government’s Epstein investigation.

“This Department of Justice does not shy away from uncomfortable truths, nor from the responsibility to pursue justice wherever the facts may lead,” Blanche said.

“President Trump has told us to release all credible evidence. If Ghislane Maxwell has information about anyone who has committed crimes against victims, the FBI and the DOJ will hear what she has to say.”

Blanche’s statement comes as the Trump administration weathers a backlash from his base over the Epstein scandal.

On July 7, the Justice Department and the Federal Bureau of Investigation (FBI) issued a memo saying a review of Epstein’s case yielded no new evidence, including no “client list”.

But that finding caused an uproar among Trump’s Make America Great Again (MAGA) base, which noted that Bondi herself had referred to a client list “sitting on my desk right now” earlier this year.

Members of Trump’s base have long embraced conspiracy theories about rings of sex offenders in the highest levels of government, and some have questioned the circumstances surrounding Epstein’s death, speculating that it was an orchestrated cover-up.

According to authorities, the billionaire financier — who had a powerful social circle — committed suicide in a Manhattan jail cell in 2019 as he awaited trial on sex-trafficking charges.

Maxwell, a close confidant and former girlfriend of Epstein’s, has been imprisoned since her 2021 conviction on five federal charges related to her role in the sexual abuse of underage girls.

Blanche said he has “communicated with counsel for Ms Maxwell to determine whether she would be willing to speak with prosecutors from the department”.

“I anticipate meeting with Ms Maxwell in the coming days,” he added.

A lawyer for Maxwell, David Oscar Markus, confirmed her legal team was “in discussions with the government and that Ghislaine will always testify truthfully”.

“We are grateful to President Trump for his commitment to uncovering the truth in this case. We have no other comment at this time,” he said.

The update comes after Trump last week instructed Bondi and Blanche to ask a federal court to unseal grand jury transcripts in both the cases of Epstein and Maxwell.

Trump had supported the FBI and Justice Department in their assessment earlier this month, which failed to produce any new incriminating evidence about any of the high-profile politicians and businessmen in Epstein’s orbit.

One of the conspiracy theories circulating about the case is that Epstein used his sex-trafficking ring to blackmail powerful figures, though the July memo splashed cold water on that assertion.

“This systematic review revealed no incriminating ‘client list’,” the memo said. “There was also no credible evidence found that Epstein blackmailed prominent individuals as part of his actions.”

The situation has drawn renewed scrutiny to Trump’s own years-long relationship with Epstein, as high-profile members of the MAGA base denounced the results of the memo as unsatisfying and inconclusive.

The president has attempted to dismiss the outcry, calling the controversy the “Epstein hoax” and denouncing his supporters as “weaklings” for perpetuating it.

That did little to stem the outrage from some of the most influential voices in the MAGA movement, who have called on Bondi to resign.

Earlier this year, Bondi vowed that the Justice Department would release additional materials, including “a lot of names” and “a lot of flight logs” in connection with Epstein’s clients.

However, the information that the department has released since Trump took office has shed no new light on the case.

Trump himself has had to contend with media reports over his ties to Epstein. He recently filed a lawsuit against The Wall Street Journal after the newspaper reported on a “bawdy” letter Trump allegedly wrote to Epstein for his 50th birthday.

Several of Trump’s top officials have themselves spent years fuelling speculation over the Epstein files, including FBI Director Kash Patel and Deputy Director Dan Bongino.

Customer Dilemma

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Brazil’s Supreme Court Justice warns of potential arrest for Jair Bolsonaro

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A Brazilian Supreme Court justice has threatened to detain former President Jair Bolsonaro.

The judge, Alexandre de Moraes, accused Bolsonaro of breaching a ban which bars him from appearing in audios, videos and interviews shared on social media.

Justice Moraes said the ex-president could face “immediate imprisonment” unless his lawyers could provide a satisfactory explanation within 24 hours as to why their client had appeared in a video shared by Bolsonaro’s son, Eduardo, on Monday.

Bolsonaro is on trial for allegedly plotting a coup to prevent President Luiz Inácio Lula da Silva from taking office in 2023, which he denies.

Moraes has been leading the investigation into allegations Bolsonaro and his allies committed “antidemocratic acts”.

Moraes had already imposed a raft of restrictions on Bolsonaro on Friday, including a night-time and a weekend curfew, as well as 24-hour surveillance, to prevent him from fleeing the country while he is on trial.

Bolsonaro has also been ordered to refrain from contacting foreign governments and their embassies in Brazil.

Furthermore, the ex-president has to wear an electronic ankle tag and is barred from communicating with Eduardo, who has been lobbying on his father’s behalf in the United States.

Bolsonaro insists that he has never considered leaving Brazil and called Justice Moraes a “dictator”.

The measures were ordered by Moraes following a request from the federal police and with the endorsement of Brazil’s Attorney-General’s Office.

Police had earlier accused Bolsonaro and his son of trying to obstruct the trial against the ex-president and of violating Brazil’s sovereignty by encouraging the US government to interfere in the trial.

On Monday, Moraes gave further details of the restrictions, explaining that Bolsonaro was not just barred from appearing in videos and audios that he himself shared on social media, but also from appearing in those shared or published by third parties.

Shortly after that, Bolsonaro spoke to journalists as he was leaving Congress, where he had met opposition lawmakers.

He showed them his electronic ankle tag, calling it “a symbol of the utmost humiliation”.

Footage of the interaction was shared on social media by Eduardo Bolsonaro and supporters of his father, in what Moraes says was a breach of the restrictions he had imposed.

The trial of Jair Bolsonaro, who governed Brazil from January 2019 to December 2022, is being closely followed by US President Donald Trump, who has denounced it as a “witch hunt”.

The two men are long-time allies and earlier this month, Trump threatened to slap a 50% tariff on Brazilian goods starting on 1 August.

In his letter to the current Brazilian president, Luiz Inácio Lula da Silva, Trump cited Brazil’s treatment of Bolsonaro as a trigger for the tariff hike.

Tension between the two governments rose further on Friday, when – in response to the restrictions imposed on Bolsonaro – the Trump administration revoked the US visa of Moraes and other Supreme Court justices.

President Lula called it an “arbitrary and completely baseless measure” and denounced “the interference of one country in another’s justice system”.

Top 50 Travel Gifts for Men in 2025: Unique Ideas for the Adventurous Gentleman

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Harber London Travel Wallet

Harber London builds high-quality leather goods with an emphasis on material choice and craftsmanship. Their Travel Wallet with RFID Protection is beautiful and durable and makes a great gift for men who travel.

Beyond the excellent craftsmanship, there are two features that set this wallet apart from others and make it a perfect gift for a frequent traveler.

First, it doubles as a passport holder while also fitting typical wallet stuff like cards and cash. When traveling, having one place for your passport, cards, currency, and boarding pass makes it easier to keep track of things.

Second, in addition to the full-grain leather, this wallet has a layer of RFID-blocking material, meaning credit card numbers can’t be scanned and stolen. There’s a lot to think about while traveling, and this adds some extra peace of mind.

Since it works as a passport holder, this wallet is a bit oversized for everyday use. It’s really meant for traveling, and it excels at that, making it one of the best travel gifts for men who are frequent flyers.

Cheesecake Factory stock reaches new 52-week high, trading at 66.04 USD

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Cheesecake Factory stock hits 52-week high at 66.04 USD

Revolutionary Small House with Rotating Rooms Transforms Space Concept

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This extraordinary tiny house puts a new spin on small living – literally. The non-towable dwelling, named Micro-House: 3 Scenes of Home, features a novel rotating structural system that transforms its interior into different rooms as needed.

Somewhat reminiscent of the Portland House and the Revolving House of T, Micro-House: 3 Scenes of Home will measure 270 sq ft (25 sq m) and will essentially consist of one large room containing a living room area with shelving and seating, as well as a rotating platform.

The system is likened to how a theater brings a scene on stage and will be motorized, with a rotary mechanism to revolve its bedroom, kitchen/dining area, and a bathroom using the platform, as required. Obviously there are potential downsides – operating a revolving floor each time you get up in the night to use the bathroom could become tedious, for example – but it will be interesting to see how the designer realizes its vision.

Micro-House: 3 Scenes of Home will feature one room containing a rotating platform used to reveal its bathroom, bedroom, and kitchen, as required

Supra-Simplicities

“By implementing revolving-stage mechanism, three scenes are integrated together and fixed on the rotatable platform like theatric scene changing system, which helps to omit unnecessary transitional spaces, such as corridor or lobby, between various rooms,” explains Supra-Simplicities. “Hence, all the transitions through a scene to another one only rely on the rotary mechanism, offering a playful but also dynamic quality of home.”

In addition to its novel rotating system, the home will also feature an extensive rainwater collection system and greywater reuse.

The project is an updated take on a design that Supra-Simplicities has been exploring for a few years now. The images are clearly early renders and it all seems very conceptual. However, the firm tells us that it’s currently in the process of exploring its feasibility for a client, so stay tuned.

Source: Supra-Simplicities

British F-35B Fighter Jet Rescued in India Finally Soars into the Sky

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new video loaded: British F-35B Fighter Jet Stranded in India Finally Takes Off

The jet, which was stranded in southern India for more than a month, took off Tuesday from Thiruvananthapuram International Airport.

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