Nears

Prep Rally: As high school football season nears, keep an eye on these players

Hi, and welcome to another edition of Prep Rally. I’m Eric Sondheimer. Drum roll, please. With the high school football season set for zero week Aug. 20-21, The Times begins a nine-part series profiling some of the area’s top players with a top 10 position list.

Let the series begin

Quarterback Chris Fields III of Carson passed for two touchdowns and ran for three touchdowns in loss to Delano Kennedy.

Quarterback Chris Fields III of Carson passed for two touchdowns and ran for three touchdowns in loss to Delano Kennedy.

(Craig Weston)

The Times’ nine-part series previewing top high school football players begins Tuesday with a profile of Carson quarterback Chris Fields III, the reigning City Section player of the year. Headed to Georgetown, he has risen from the bottom to earn his place as a top quarterback.

Here’s the other profiles:

Running back AJ McBean of Mira Costa ran a 10.61 100 meters in his first meet of the season.

Running back AJ McBean of Mira Costa ran a 10.61 100 meters in his first meet of the season.

(Eric Sondheimer / Los Angeles Times)

Wednesday: Running back AJ McBean of Gardena Serra worked hard when no one was watching to gain a scholarship to Stanford and establish himself as a bruising ball carrier.

Austin Miller a 15-year-old sophomore receiver, is helping bring attention to Bellflower's football program.

Austin Miller a 15-year-old sophomore receiver, is helping bring attention to Bellflower’s football program.

(Eric Sondheimer / Los Angeles Times)

Thursday: Sophomore receiver Austin Miller of Bellflower decided to earn respect by attending his local public school and proved his point by earning a scholarship offer from Ohio State, then committing.

Luke Gazzaniga is a tight end for Santa Margarita who dares people to try to tackle him.

Luke Gazzaniga is a tight end for Santa Margarita who dares people to try to tackle him.

(Steve Galluzzo / For The Times)

Friday: As the youngest of three brothers, tight end Luke Gazzaniga of Santa Margarita used to engage in the Oklhoma drill with his brothers growing up, showing his toughest that he retains.

Offensive tackle Vincent Shields of Murrieta Valley in the middle.

Offensive tackle Vincent Shields of Murrieta Valley in the middle.

(Sandy Huffaker/for The Los Angeles Times)

Saturday: Offensive lineman Vincent Shields of Murrieta Valley is rising fast as a college prospect, and if you like dogs, you’ll love Shields, whose family owns a dog-training business.

Godschoice Eboigbodin of JSerra is a basketball player turned football player at JSerra.

Godschoice Eboigbodin of JSerra is a basketball player turned football player at JSerra.

(Craig Weston)

Sunday: Defensive lineman Godschoice Eboigbodin of JSerra is a native of Nigeria learning the sport and becoming more than good.

Crenshaw wide receiver Deance' Lewis (11) celebrates his touchdown with tight end De'Andre Kirkpatrick.

Crenshaw wide receiver Deance’ Lewis (11) celebrates his touchdown with tight end De’Andre Kirkpatrick (10).

(Gina Ferazzi/Los Angeles Times)

Monday, Aug. 17: Linebacker De’Andre Kirkpatrick of Crenshaw has overcome family tragedy to become one of the best in the City Section.

Orange Lutheran quarterback TJ Lateef goes airborne hurdling over Wesley Ace (18) of Gardena Serra.

Orange Lutheran quarterback TJ Lateef goes airborne hurdling over Wesley Ace (18) of Gardena Serra.

(Craig Weston)

Tuesday, Aug. 18: Defensive back Wesley Ace of Gardena Serra is switching to cornerback and can’t wait to show off his speed.

Kicker Gabriel Goroyan of Westlake enters the 2026 football season as one of the best for his position.

Kicker Gabriel Goroyan of Westlake enters the 2026 football season as one of the best for his position.

(Eric Sondheimer / Los Angeles Times)

Wednesday, Aug. 19: Kicker Gabriel Goroyan of Westlake has a 4.7 GPA, a scholarship to Stanford and can kick or punt with the best.

Top kickers/punters

Special teams is important for winning football games, so let’s take a look at kickers/punters to watch for this season.

Westlake’s Gabriel Goroyan has distinguished himself with his strong leg, making him an outstanding kicker and punter. He’s committed to Stanford.

Ethan Miller of San Clemente had nine field goals last season and was cool under pressure. Jerry Shifman of Mater Dei should be a candidate for a field goal beyond 50 yards. Carter Sobel of Sierra Canyon had nine field goals. Caleb Sylvia of Mission Viejo made a 49-yard field goal in 2025.

Colin Elia of Temecula Valley was 10 of 11 on field goals. Ayden Brannum of Fontana averaged 48 yards on punts. Noah Ahari of Chino Hills had nine field goals. Peter Batsaras of Cypress earned an invitation to an all-star game with his kicking skills. Jackson Hauducoeur of Upland is a returning All-CIF kicker. Kasra Maghami of Harvard-Westlake showed potential as a freshman. Dylan Moreno of San Pedro is back for his senior year trying to return to his All-City form as a sophomore.

If you look closely at the CIF participation survey for 2025-26, there’s a notable stat. While there’s record overall participation of 835,088 for boys and girls sports, the number for the most popular sport, football, dropped to its lowest level since 2022 at 87,718.

The CIF looks for trends, so next year’s numbers will be the most important.

There is a rise in eight-man football, but that also shows how schools might be struggling to field 11-man teams. Lots of City Section teams have failed to recover since the 2021 COVID season in no longer having junior varsity programs.

LAUSD teams began practices last week but some have struggled to get players cleared because school nurses have to clear physicals and some aren’t around. The LAUSD has money to pay the nurses to come in early before school starts but this issue continues to happen seemingly every season, disrupting teams’ practice schedules.

Crenshaw has received a new football locker room courtesy of Nike.

Reseda, Eagle Rock and Canoga Park are having their fields worked on and will be all road games this season.

Corona Centennial and De La Salle have finalized an agreement to play their football game at Cal’s Memorial Stadium on Sept. 26 at 2 p.m.

Bishop Diego has 370-pound tackle Donovan Tupa'i (left) and 270-pound tackle Terrence Tasila.

Bishop Diego has 370-pound tackle Donovan Tupa’i (left) and 270-pound tackle Terrence Tasila.

(Eric Sondheimer / Los Angeles Times)

The Marmonte League is filled with big linemen, which should make for some interesting clashes. Bishop Diego has perhaps the biggest in 6-foot-3, 370-pound Donovan Tupa’i. Teammate Terrence Tasila can hold his own in the buffet line at 6-1, 270 pounds. Speaking of buffets, Tupa’i said he once went for five visits to the buffet, filling each plate. Call him the Buffet Buster.

Teams traveling to Hawaii will be playing Thursday, Friday and Saturday this week to open their seasons. Here’s this week’s schedule.

JSerra High quarterback Kate Meier threw for 3,729 yards and 58 touchdowns as a freshman.

JSerra High quarterback Kate Meier threw for 3,729 yards and 58 touchdowns as a freshman last fall when the Lions went 28-0.

(Steve Galluzzo / For The Times)

Flag football action begin on Saturday, with Oxnard and Oaks Christian among the teams opening with wins.

Here’s a preview of teams and players to watch, with defending Division 1 champion JSerra expected to compete for another title.

One of the best tournaments of the year is set for Friday and Saturday in Costa Mesa, bringing out most of the top teams in the Southern Section and City Section. It’s first look at Sierra Canyon joining flag football with a new coach and lots of top transfer students from Orange County.

Alums return to Dorsey

Dorsey High alum and former major league Don Buford sits under a towering ficus tree on campus Saturday.

Dorsey High alum and former major league Don Buford sits under a towering ficus tree on campus Saturday during the school’s all sports reunion.

(Caleb Otte / For The Times)

A reunion of those who attended Dorsey High and played sports took place Saturday. It was organized by Hall of Fame football coach Paul Knox and drew plenty of alumni.

Here’s a look at the activities.

Notes . . .

Former Orange Lutheran baseball coach Eric Borba has been hired as the new head coach at Servite. He served 16 years as coach at Orange Lutheran before stepping down in 2024….

Former San Fernando football coach Bill Marsh died last Monday. He was 79. It was his wishbone offense that led the Tigers to back-to-back City titles in 1974 and 1975. Here’s the report.

Safety Sean Byrnes from Villa Park has committed to Idaho State….

Former UCLA softball player Anna Vines is the new softball coach at Village Christiain….

Aiden Echavarria of Whittier Christian has committed to Pepperdine baseball….

Outfielder Dru Wilson from Sherman Oaks Notre Dame has transferred to Sierra Canyon, joining Mateo Mier, who came from Harvard-Westlake….

Sophomore Brett Burnor has been named the starting quarterback at Mission Viejo….

Infielder Sebastian Navarro of Mater Dei has committed to UC Davis….

Pitcher Carson Caras from Harvard-Westlake has committed to Pepperdine….

Jackson Alba of Palos Verdes has committed to UC Irvine baseball…..

Pitcher Mac Kennedy from Sierra Canyon has committed to Santa Clara….

Catcher Logan Miller from Mater Dei has committed to San Diego State….

Vaughn Sharp from Yorba Linda has committed to Cal State Northridge baseball….

Standout left-handed pitcher Roy Kim from Great Oak has transferred to Norco, the likely No. 1 baseball team in preseason rankings in 2027. Kim is committed to Stanford and gives Norco three top pitchers with the return of Jordan Ayala and Jacob Melendez.

Defensive back Jacob Whitehead from Crean Lutheran has committed to Arizona. He’s the fifth Crean Lutheran player to commit to Arizona, joining Braylen Ross, Caden Jones, Evan Mack and Ty Johnson.

Noelle Quinn is returning to UCLA women’s basketball to be an assistant coach. She was a standout guard for the Bruins, played 12 years in the WNBA, became head coach at Bishop Montgomery, then left to be head coach of the WNBA’s Seattle Storm….

Eva Madarang is the new girls soccer coach at Agoura….

The 13U PONY baseball team from Placentia won the World Series championship, the fourth time in five years that the group of players have won a title. The MVP was eighth-grader Finn Knapp, who had 71 stolen bases on the season and had three triples and three doubles in the tournament. He has a brother who plays for El Dorado High….

Justin Siegel has resigned as softball coach at Sherman Oaks Notre Dame to become an assistant coach at Loyola Marymount. Assistant Brian Luderer is the leading candidate to take over. Luderer has two daughters in the program….

The girls volleyball season picks up steam this week with a number of local teams traveling to Hawaii for the Ann Kang tournament, including Division 1 powers Sierra Canyon and Mira Costa.

From the archives: Jordin Canada

Jordin Canada in 2022.

Jordin Canada in 2022.

(Kamil Krzaczynski / Associated Press)

Back during her days playing basketball for Windward, Jordin Canada said one goal was to become a nurse. But she became so good at basketball, from UCLA to the WNBA, the nursing days were put on hold.

Playing for Atlanta this season, she’s averaging 11.3 points and 7.7 assists. She graduated from UCLA in 2018 after a standout career at Windward, where she was a two-time player of the year by The Times in 2013 and 2014.

Here’s a story from 2013 about her magic on the court.

Recommendations

From The562.org, a look at Moore League football.

From the Star-Telegram, a story on a Texas high school football coach being suspended for the season for conducting illegal practices in May.

From the Los Angeles Times, a story on former Gardena Serra defensive back Rodrick Pleasant.

Tweets you might have missed

Until next time….

Have a question, comment or something you’d like to see in a future Prep Rally newsletter? Email me at eric.sondheimer@latimes.com, and follow me on Twitter at @latsondheimer.

Did you get this newsletter forwarded to you? To sign up and get it in your inbox, click here.



Source link

Tensions flare as $34-billion Charter-Cox cable deal nears finish line

Spectrum owner Charter Communications is nearing the finish line in its long-awaited $34.5-billion purchase of Cox Enterprises to form the nation’s largest internet and cable television company.

California’s Public Utilities Commission is scheduled to vote next week to approve the merger that would bolster Southern California’s dominant provider with more than 5 million customers. Securing the approval of California regulators — the deal’s final hurdle — has been a slog as federal officials gave Charter their consent months ago.

Customers of privately held Cox, the Atlanta-based company that serves Rancho Palos Verdes, Rolling Hills Estates, Las Vegas and large parts of Orange and San Diego counties, would be switched to Spectrum service. Charter is the industry leader, providing Spectrum internet, phone and cable TV packages for Los Angeles, Riverside, San Bernardino and Ventura counties.

It’s been more than a year since the companies unveiled their proposed union, and they hope to combine operations this month. But flaps have flared up in the last lap.

Public interest groups have argued that the PUC’s proposed settlement with Charter doesn’t go far enough to ensure long-term affordable internet for low-income residents or accommodations for customers reeling from natural disasters such as last year’s Eaton and Palisades fires.

In addition, advocates have asked utilities commissioners to demand that Charter commit to fostering workplace diversity, equity and inclusion among its proposed 9,000-member workforce in California. Such programs have been under siege since President Trump returned to the White House.

“State regulators like the CPUC have an important role to play — they have a voice and leverage if they choose to use it,” said Jason Solomon, director of the National Institute for Workers’ Rights, a Bay Area group that is lobbying for Charter to renew its commitment to a diverse workplace.

“It’s important that California stand up for its own laws, policies and values,” Solomon said.

A truck with the word Spectrum on its side.

A Spectrum truck in New York City.

(Star Max/IPx)

The five-member commission is set to vote on the Charter-Cox merger Thursday. The panel will consider two competing proposals; both would allow the merger to go through with various conditions.

Charter years ago pledged to create a diverse workplace but scaled back its public statements amid Trump’s vocal demands that companies dump DEI programs. Trump’s Federal Communications Commission chairman, Brendan Carr, also has championed eliminating diversity programs, saying they are discriminatory.

The FCC in February approved Charter’s proposed purchase of Cox’s residential cable, commercial fiber, cloud and information technology businesses. To win Carr’s approval, Charter agreed to “new safeguards to protect against DEI discrimination,” according to the FCC.

Charter is in a bind. It disavowed diversity efforts to win the FCC’s blessing but now is facing calls in California to embrace such commitments.

“In a state as diverse as California we should protect diversity in the workplace,” said Jessica J. González, co-chief executive of advocacy group Free Press. “We have a responsibility to stand up to what’s been going on in the federal government, and in the Trump administration, to force companies to roll back their policies.”

In its public filings, Charters said it would reach out to diverse suppliers and work with business groups, including the Women’s Business Development Council, the California LGBTQ Chamber of Commerce, the African American Chamber, the California Hispanic Chamber and the Cal Asian Chamber.

“This transaction will be good for consumers, community leaders, and businesses across California as it will provide them with lower prices, greater value, better service, and support from Spectrum’s 100% U.S.-based employees,” the Stamford, Conn. company said in a statement.

Concerns heightened among activists after one of the two proposed settlements, hashed out between Charter and Commissioner Matthew Baker, the commission’s Public Advocates Office and the California Emerging Technology Fund, failed to include diversity efforts.

Advocates viewed Baker’s proposal as weaker on broadband access provisions too, including commitments to provide low-cost internet for disadvantaged residents and communities that lack service.

“For us, it’s really about making sure everyone in Cox’s and Charter’s service territory benefits from this transaction,” said Paul Goodman, counsel for the Berkeley-based Center for Accessible Technology.

“We want to make sure that communities that have been historically overlooked get the same benefits from the transaction as everyone else,” Goodman said.

For example, a coalition of advocacy groups is seeking to prevent Spectrum from tacking on equipment charges for customers on low-income plans.

Commissioners will be asked to select from Baker’s draft decision or last month’s proposal from the agency’s administrative law judge, Jamie Ormond. Advocates are urging the panel to adopt Ormond’s version because it contains more compliance conditions, including mechanisms to foster an inclusive workplace.

Commissioners have “a statutory duty” under the state’s utilities code “to deny the transaction outright rather than approve a weaker deal,” the advocates argued in a recent filing.

Solomon’s group is pushing for an “organizational infrastructure for equal opportunity compliance,” including reporting compensation and promotion data for Charter’s California workforce and pay equity audits.

The state has required diversity measures before — despite such initiatives being out of favor in Washington. In January, the commission approved Verizon Communications’ purchase of Frontier Communications.

In that proceeding, Verizon pledged to “further California’s public policy goals of diverse supply chains and workforces, including a $10 million partnership with the California State University system,” the PUC said.

Under both Ormond’s and Baker’s proposals, Charter would be required to offer affordable broadband to low-income residents, including California LifeLine service tiers. It would have to sell stand-alone broadband plans for five years, although advocates would like to see that extended to 10 years.

The company has agreed to spend at least $275 million to upgrade its California network and complete its 1-gigabit service capability across its legacy service areas within three years.

Charter also agreed to invest at least $30 million in customer outreach initiatives, such as digital literacy training and device access for low-income communities. The company also is being asked to provide free broadband and Wi-Fi service for about 50 eligible institutions, including schools, libraries and community centers for several years.

Charter was criticized after the January 2025 fires for charging fees for equipment that burned, said Natalie Gonzalez, director of Digital Equity Los Angeles, one of the advocacy groups that is asking for Charter to “improve disaster response and customer service standards … during life’s most challenging moments.”

Charter pushed back on that contention, saying it helped residents in the burn areas.

“We opened all our wifi hot spots to anyone (non Spectrum customers) and were deeply involved in the restoration efforts,” the company said in its documents.

The advocates, including Digital Equity LA and the California Alliance for Digital Equity, compiled evidence to help commissioners determine whether the merger was in the public interest.

Should the deal go through, Cox subscribers will soon see changes. Charter plans to roll out its Spectrum products and fees to Cox customers next month.

Subscribers can opt for their existing pricing or switch to a Spectrum bundle that includes such apps as Disney+, Hulu, ESPN and Paramount+.

Charter has also said it would offer Cox subscribers a year of free service when they switch their cellphone carrier to Spectrum.

The Charter name will be dropped in one year and the combined company will become Cox, although consumer products will keep the Spectrum brand.

The switch is because the Cox family — descendants of an Ohio press baron who bought his first newspaper in 1898, began acquiring cable systems in 1962 — will become the firm’s largest shareholder group, with about 23% of the stock.

In a recent earnings call, Charter Chief Executive Chris Winfrey told investors the combined company would have nearly 37 million customers nationwide.

It expects to generate $67 billion a year in revenue and about $28 billion in earnings before interest, taxes, depreciation and amortization.

Source link

Harvard-Westlake’s River Park sports complex nears completion

When you take a guided tour of the nearly completed Harvard-Westlake River Park Sports Complex in Studio City, you lose count how many times you’re saying, “Wow.”

From the underground parking lot to the 8,200-square-foot weight room, from the two gymnasiums to the 52-meter pool, from the eight tennis courts to the two all-weather turf playing fields, from the yoga room with a million-dollar view to the 11 locker rooms with projector screens, the $200-million project is certainly living up to expectations.

There’s also a cafeteria, a smoothie machine, 117 toilets, wrestling room, fencing room, training room, community rooms, more than 150 security cameras, an underground water basin and facial recognition technology from the parking lot to enter the coaches’ area. In the main gym foyer, there’s an area for people to watch live streams of games while purchasing food.

With two gyms and two sports fields, the school would be capable of holding basketball or soccer tournaments. The P.A. system in the main gym is state of the art.

Not only will students who attend the upper school on Coldwater Canyon enjoy the facility but so should fans and visiting teams with all the amenities such as large visiting locker rooms. The only question is when an official opening will take place.

Construction is nearing completion, but it’s unclear when teams will start practicing and playing there because the facility still needs to go through inspections and receive a Certificate of Occupancy from the city. The school is targeting early 2027 for activity to begin at the site.

The basketball teams are unlikely to use the main gym this coming season unless they are allowed to practice there.

Construction began in April of 2024. The project replaces the beloved Weddington Golf & Tennis Center and took several years of obtaining permits, having community meetings and receiving city approval to overcome a vocal group within the community objecting to losing the Weddington center.

There are still 14-foot-high covered fences hiding the progress off Whitsett Avenue, but those will be coming down soon to give community members a peak what’s been going on.

Head of athletics Terry Barnum and communications director Ari Engelberg have been providing updates to school administrators. The school added two new sports this year, flag football and girls lacrosse, in anticipation of the new field space.

The first year it opens is expected to be trial and error on how to best use the facilities, figuring out traffic patterns and welcoming the public to grounds that can be used during the school day, from the tennis courts to a privately run cafe to a walking path next to the L.A. River.

Source link

Chelsea transfer news: Jordan Henderson nears move as Brighton striker Danny Welbeck set for medical

Chelsea have agreed a deal to sign Danny Welbeck while Jordan Henderson is set to cancel his Brentford contract to enable a move to Stamford Bridge.

Henderson, 36, is under contract until 2027. Welbeck, 35, has agreed a two-year deal and been given permission by Brighton to conduct a medical at Stamford Bridge.

A fee for the striker has also been agreed but remains undisclosed as Chelsea tie up the deal for him to join pre-season in Hong Kong after Chelsea‘s final match in Australia against Tottenham on Saturday evening.

Welbeck will become the oldest signing under the Todd Boehly and Clearlake Capital ownership, until Henderson’s likely arrival with the west Londoners.

It is part of new manager Xabi Alonso’s drive to add experience to Chelsea‘s squad, which has been the youngest in the Premier League for the past two seasons.

Their focus on youth has been viewed as a factor in their inability to challenge consistently for major honours.

Towards the end of last season’s disappointing campaign, when they finished 10th and won nothing, Chelsea co-owner Behdad Eghbali said their recruitment model needed a “tweak”.

Since then, Chelsea have made an offer to reunite Sunderland midfielder Granit Xhaka, 34, with Alonso – they won the Bundesliga title together at Bayer Leverkusen in 2024.

They have also signed 26-year-old centre-back Maxence Lacroix from Crystal Palace on a six-year contract, pending an official announcement, while talks continue over Henderson.

Morgan Rogers, who signed for a club-record £117m from Aston Villa earlier this month, is relatively experienced, despite having just turned 24.

The club have also signed 21-year-old full-back Marco Palestra from Atalanta.

Welbeck, formerly of Manchester United and Arsenal, has hit 90 goals in 400 top-flight appearances – and is the leading Premier League scorer at Brighton, who he joined on a free transfer from Watford in 2021.

His arrival would leave Chelsea with six senior strikers on their books, with others available for loan or sale.

Among those who could leave on either a permanent deal or loan are Nicolas Jackson, Liam Delap and Marc Guiu.

The Blues have also brought in Dutch striker Emmanuel Emegha from sister club Strasbourg this summer and he could remain part of the squad.

Henderson, meanwhile, would add further experience and seniority to the squad, having been selected by Thomas Tuchel as part of England’s leadership group at this summer’s World Cup.

It was during the celebrations following England’s last-16 victory over Mexico that Henderson fractured his arm and wrist after landing awkwardly while jumping over an advertising hoarding.

Henderson joined Brentford last summer after spells abroad with Dutch side Ajax and Saudi club Al Ettifaq. That followed a hugely successful spell at Liverpool, where he won six major honours, including the Champions League and Premier League.

He joins a midfield that includes Moises Caicedo, Enzo Fernandez, Dario Essugo, Romeo Lavia and Valentin Barco – who is expected to join from Strasbourg – pending an official announcement.

Source link

Freeport outlines Grasberg ramp to 80% by mid-2027 as Bagdad capex nears $4.5B (NYSE:FCX)

Earnings Call Insights: Freeport-McMoRan (FCX) Q2 2026

Management View

  • “We’re pleased to release FCX’s second quarter results. They can be described in a single word, progress.” (Chairman Richard Adkerson) “Our team today will talk with you about the great progress we have achieved in

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

Global M&A Nears $4T as Megadeals Defy Geopolitics

Value up, volume down — megadeals carry record-chasing M&A market through a year of geopolitical turmoil.

Global mergers and acquisitions are on track to reach roughly $4 trillion in total value in 2026. That’s up 13% from 2025 — only the second-highest spike to the pandemic-era peak of 2021 — that figure obscures a market increasingly defined by a handful of blockbuster transactions.

Deal volume data from PwC and LSEG projects an estimated 42,000 transactions for the full year, down 13% from 2025. Megadeals exceeding $5 billion account for roughly 48% of global deal value — up from 39% in 2025 and just 26% in 2024. Remove them from the equation, and overall deal value falls 4% year over year.

Headwinds likely stymied deal activity in specific sectors. The U.S.-Israeli military campaign against Iran, launched in late February, caused what the International Energy Agency called the largest oil supply disruption in the history of the global oil market, sending energy prices sharply higher.

Despite the recent U.S.-Iran memorandum of understanding to reopen the Strait of Hormuz, the conflict cast a pall over deal activity for much of the first half of the year, particularly for transactions with any exposure to energy, logistics, or the Gulf region.

Geographic Picture Remains Uneven

The U.S. has expanded its dominance, commanding 63% of global deal value in the first half of 2026, up from 54% a year earlier, even as deal volumes fell, according to Dealogic.

Europe’s share of value also increased by 88% ($733.6 billion), buoyed by large individual transactions. The Middle East and Africa, together, saw a 45% increase in deal value ($61.3 billion).

Asia Pacific moved in the opposite direction: its share of global deal value dropped to 29% — reflecting fewer megadeals and smaller average transaction sizes relative to the U.S. and EMEA.

On the advisory side, Goldman Sachs is leading the rankings by a wide margin — $1.161 trillion in deal value across more than 200 transactions so far this year. Among the firm’s marquee assignments: advising Dominion Energy on its $66.8 billion sale to NextEra Energy, counseling Unilever on its planned $65 billion food business merger with McCormick & Company, and serving as lead-left underwriter on the SpaceX IPO.

JPMorgan ranks second with $743 billion, up from $557.1 billion a year earlier — a performance the bank has attributed in part to M&A fees that nearly doubled year over year in the first quarter of 2026. Morgan Stanley rounds out the top three at $622.5 billion.

Anthony Noto covers corporate finance and private credit. Contact him at anoto@gfmag.com

Source link

Venezuelans dig for earthquake survivors as 72-hour rescue window nears end | Earthquakes News

At least 920 people are confirmed dead and more than 51,000 missing after two earthquakes struck Venezuela on Wednesday.

Rescuers are racing against time in Venezuela, three days after two powerful earthquakes struck, with at least 920 people confirmed dead and more than 51,000 still missing.

The twin, magnitude 7.2 and 7.5 quakes hit on Wednesday, devastating the coastal area around La Guaira, where authorities moved on Friday night to restrict access as traffic chaos began to hamper search efforts.

Recommended Stories

list of 4 itemsend of list

With a scarcity of government rescue teams, Venezuelans have become desperate in the hardest-hit areas, digging through rubble with their hands, with aid agencies warning the critical 72-hour survival window is closing fast.

Officials said anyone who wants to enter the area around La Guaira would now have to seek official permits, but provided few details of who would be allowed in.

People reported seeing few state rescue teams in the hardest-hit areas, despite authorities projecting an image of a robust government response.

“Each person saved is a miracle,” said Jorge Rodriguez, president of the National Assembly.

“We are not going to hide absolutely anything about the magnitude of this tragedy.”

Government forces distributed food and water to survivors in La Guaira, and Acting President Delcy Rodriguez said her government was mounting a full response during these “critical hours for rescuing people alive”.

She welcomed the arrival of international rescuers and humanitarian aid.

Rodriguez said La Guaira had been “militarised” and more help was on the way, even as residents said it was just a fraction of what they needed.

Rodriguez, the former vice president, took office in January after the United States captured and removed then-President Nicolas Maduro.

Venezuela has been facing economic disarray for more than a decade, and many people reject the legitimacy of the political movement Rodriguez represents.

‘People are still terrified to re-enter what were their homes’

The number of dead was expected to climb, as people reported tens of thousands of missing on independent digital databases.

Those figures likely included people who have been incommunicado due to the lack of phone signals, and some reports may be duplicates.

The number of injured was more than 3,300 as of midday Friday, and authorities said they had rescued 243 people.

The International Organization for Migration said up to 6.76 million people could be affected, some two million of them in Caracas alone.

The destruction was amplified by the quick succession of shallow quakes, experts said.

Loyce Pace, the International Red Cross regional director for the Americas, said “people are still terrified to re-enter what were their homes.”

Venezuelan authorities said 861 volunteers from Mexico, the US, El Salvador, Switzerland, Colombia and beyond were in the country, and more were coming from elsewhere.

Source link

Canada nears decision on Korean, German submarine bids

Canadian Prime Minister Mark Carney (C), accompanied by South Korean Prime Minister Kim Min-seok (R) and Hanwha Group Vice Chairman Kim Dong-kwan during their visit to Hanwha Ocean Co.’s shipyard on Geoje Island in South Gyeongsang Province, southeastern South Korea. Photo by YONHAP / EPA

June 17 (Asia Today) — Canada is expected to select a preferred bidder within 30 days for a major submarine procurement program, narrowing the competition to South Korea’s Hanwha Ocean and Germany’s Thyssenkrupp Marine Systems.

The Canadian Patrol Submarine Project calls for the acquisition of up to 12 conventionally powered submarines to replace the Royal Canadian Navy’s four aging Victoria-class vessels.

The acquisition, infrastructure and long-term maintenance program has been estimated by South Korean industry officials at at least 60 trillion won, or about $39.7 billion. Some estimates place its potential value over several decades as high as 120 trillion won, or about $79.4 billion.

Stephen Fuhr, Canada’s secretary of state for defence procurement, said Ottawa expected to choose a preferred bidder within 30 days, according to Politico.

The selection would grant one bidder the right to enter detailed negotiations with the Canadian government, although it would not constitute a final contract award.

Canada previously identified Hanwha Ocean and Germany’s Thyssenkrupp Marine Systems as the two qualified suppliers for the program.

The contest has entered its final stage as South Korea promotes a package combining submarine construction, government-backed financing and broader industrial cooperation.

Canadian procurement chief visits South Korea

Fuhr visited Hanwha Ocean’s shipyard in Geoje, about 205 miles southeast of Seoul, on Feb. 2 with Canadian government and business representatives.

He toured the shipyard’s assembly facilities and automated production equipment and boarded the ROKS Jang Yeong-sil, the first 3,000-ton submarine in South Korea’s Dosan Ahn Changho Batch-II class, while it was undergoing sea trials.

Fuhr was accompanied by Hanwha Ocean Chief Executive Kim Hee-cheul and senior South Korean officials.

He later visited the South Korean Navy’s Submarine Force Command in Jinhae to examine its training, logistics and maintenance systems.

Hanwha Ocean said the visit allowed the Canadian delegation to assess South Korea’s submarine manufacturing capacity and its ability to provide long-term maintenance and operational support.

Canada seeks submarines for three oceans

Canada wants its future fleet to operate across the Atlantic, Pacific and Arctic oceans while maintaining interoperability with the United States and other allies.

Its requirements include long range, extended endurance, under-ice capability and reliable maintenance support.

Hanwha Ocean is offering a version of South Korea’s Dosan Ahn Changho-class submarine, also known as the KSS-III.

The company has emphasized that the platform is already in production and can be delivered more quickly than a newly developed design. It has also proposed cooperation with Canadian universities, shipyards and defense companies.

Thyssenkrupp Marine Systems is offering the Type 212CD submarine, a new design being developed for Germany and Norway.

The German bidder has highlighted its long-standing relationships within NATO, European defense supply chains and proposed investment in Canadian industry.

Germany and Norway have also reportedly examined changes to their own production schedules to make earlier delivery slots available to Canada.

Industrial benefits could determine outcome

Canada has made domestic jobs, industrial investment and long-term economic benefits central elements of the procurement.

The government has said work associated with the submarines should strengthen Canada’s marine and defense industries throughout the fleet’s operational life.

South Korea has therefore sought to expand its proposal beyond the construction of submarines.

Canadian officials have discussed potential South Korean investment in Canada’s automotive and transportation industries, according to people familiar with the negotiations.

South Korean companies have responded by exploring a hydrogen-powered commercial vehicle and fueling network rather than committing immediately to a conventional automobile assembly plant.

Hyundai Translead, Hyundai Motor Group’s North American trailer manufacturing subsidiary, has signed a dealership agreement with Canadian commercial vehicle dealer Breadner Trailers for Hyundai’s XCIENT hydrogen fuel-cell trucks.

The trucks have accumulated more than 1 million miles, or 1.6 million kilometers, of commercial driving in North America, according to Hyundai.

Glenn Copeland, president of Hanwha Ocean’s Canadian subsidiary, previously said Hyundai Motor Group had presented an initial proposal to Canadian officials for a hydrogen freight transportation corridor.

The plan could support Canada’s transportation decarbonization policies while adding a civilian industrial component to South Korea’s submarine offer.

Seoul prepares financial support

The South Korean government and state financial institutions are also preparing export financing to support the bid.

The Korea Trade Insurance Corp. and the Export-Import Bank of Korea have expanded financing programs for major overseas projects in defense, nuclear power and other strategic industries.

South Korean officials have said as much as 100 trillion won, or about $66.1 billion, from a broader export financing initiative could be made available for defense and nuclear energy projects. The amount does not represent financing committed exclusively to the Canadian submarine program.

Hanwha Ocean has also sought to demonstrate the strength of its domestic supply chain.

At the World Defense Show in Riyadh in February, the shipbuilder signed cooperation agreements with 11 South Korean defense and submarine equipment companies, including LIG Nex1, Hanwha Aerospace, Kolon Spaceworks, KTE and Firstec.

Hanwha Ocean says more than 80% of the components used in its proposed submarine can be supplied domestically.

A South Korean defense industry official said the final decision would depend not only on submarine performance but also on financing, delivery schedules, maintenance support and benefits for Canadian industry.

“Canada’s submarine project is more than a weapons sale,” the official said. “The remaining competition will be decided by which bidder can offer the most credible combination of capability, delivery and long-term industrial cooperation.”

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260616010005537

Source link

Sparks face big decision as fan favorite Kate Martin nears limit

The toughest decision of the Sparks’ season to date is fast approaching.

Within the next few games, the team will have to decide whether they are going to keep fan-favorite Kate Martin around.

She joined the roster on a developmental contract at the start of the season after being waived by the Golden State Valkyries the day of roster releases. Developmental contracts were introduced this year as part of the league’s new collective bargaining agreement.

Each team can carry up to two players on developmental deals. Those players are allowed to practice and travel with the team, but they can only be active for a maximum of 12 games during the season.

The Sparks' Kate Martin shoots over the Fire's Nyadiew Puoch at Crypto.com Arena on June 7.

The Sparks’ Kate Martin shoots over the Fire’s Nyadiew Puoch at Crypto.com Arena on June 7.

(Luiza Moraes / Getty Images)

Typically, developmental players are used as emergency depth, stepping into the lineup only when injuries create a short-term need. That hasn’t been the case for Martin, who has been active for eight of the Sparks’ first 13 games, making her a regular part of the team’s plans.

“I’ve been activated for quite a few games and that is a blessing,” Martin said. “I feel very grateful to have been activated for so many games so far, but I think just like not knowing until like game day, trying to figure out, like, ‘Oh, am I going to be activated, am I not?’ I think that’s probably the biggest difference, but you know, they don’t treat me any differently.”

When given the opportunity, Martin has brought energy and impact off the bench. She is shooting 47.4% from the field and taking 1.6 shots from three-point range per game despite playing just 7.4 minutes. Martin often receives the loudest cheers from fans during home games.

She delivered her strongest offensive performance in a loss to the Tempo on May 17, scoring 11 points on 4-of-7 shooting, but since then she has been used as a first-half rotation player to rest the Sparks guards as a reliable shooter and defender.

Even with the Sparks at full strength against the Portland Fire last week, Martin still earned eight minutes of play. Then she played four minutes in Saturday’s overtime win against Phoenix.

“We’re figuring it out in real time,” Sparks coach Lynne Roberts said. “These are new positions, and so each player only gets 12 games, but Kate does have experience. She is a spark off the bench. Everyone out there trusts her. There’s value to that. It’s hard, though, as a [developmental] player, to play one game and not play the next, and like it’s just hard for the rest of the group. So that part’s been tricky, and we’re figuring it out as we go.”

With seven active appearances already used, Martin has just four games remaining under the terms of her developmental contract. The Sparks must either preserve those appearances for later in the season or make a long-term commitment by signing her to a standard contract or she will become a free agent again.

The challenge is that Los Angeles does not currently have an open roster spot, meaning the team would need to waive a player to make room.

The Sparks' Dearica Hamby and Kate Martin chest bump to celebrate after scoring against the Dallas Wings.

The Sparks’ Dearica Hamby and Kate Martin chest bump to celebrate after scoring against the Dallas Wings at Crypto.com Arena on June 5.

(Luiza Moraes / Getty Images)

Rookies Jihyun Park and 2026 second-round draft pick Ta’Niya Latson have both appeared in fewer games than Martin, as have veteran Emma Cannon and second-year forward Sania Feagin, who was injured earlier this season but hasn’t claimed a rotation spot since her return.

Martin was a regular part of the rotation with the Valkyries in her one season with the franchise, playing in 42 games and averaging 6.2 points per game and 31% shooting from three-point range. She was inconsistent at times, but also provided a spark off the bench and it was a surprise when they cut her.

After an emotional few days after being waived, Martin joined the Sparks, where she was excited for the opportunity to develop. Now, she sees herself as a fit beyond the 12-game limit.

“The system that we want to run at a very fast pace,” Martin said. “Spread the floor and shoot a lot of threes, and I think that I am good at spacing the floor, and I think that what they want to run here offensively benefits my game in a lot of ways, and I think I fit kind of seamlessly in that way.”

Source link

As California primary nears, even Sanders supporters are uniting behind Clinton and against a common enemy: Trump

Most of Sen. Bernie Sanders’ supporters in California say they expect that come November, Hillary Clinton will be elected president — and, by and large, they’re OK with that.

While both Democratic camps prepare for a final battle in the state’s June 7 primary, the latest USC Dornsife/Los Angeles Times statewide poll found that just over half of Sanders’ supporters said they expected Clinton to be the next president. About a third of Sanders’ backers said they expected the Vermont senator to emerge the winner, and 12% said they thought Donald Trump would prevail.

Close to 8 in 10 Sanders supporters said in the survey that they would vote for Clinton in a race against Trump, although many said they would do so reluctantly.

Those findings show the reality underlying the still-heated rhetoric of the Democratic primaries: By contrast with the civil war that divides Republicans, Democrats in the country’s largest state have begun to coalesce behind their front-runner.

In the primary race, Clinton holds a modest lead over Sanders, 45% to 37%, among all Democrats and independent voters eligible to vote. Her lead is slightly larger, 47% to 36%, among those most likely to vote. Either way, that’s a significant problem for Sanders.

The poll was conducted before Sanders’ sweep of three Western states — Alaska, Hawaii and Washington — on Saturday, but those victories don’t change the electoral math much. Sanders would need not just a win in California, but something close to a landslide to overcome Clinton’s large lead in delegates before the party’s nominating convention in July.

Something else hasn’t changed: If there’s one blemish in the picture for Clinton, it’s the persistently high percentage of voters who have an unfavorable image of her, 45% in the new poll.

Clinton’s image in heavily Democratic California is more positive than it is in more Republican parts of the country; 52% of the state’s surveyed voters see her favorably. She fares far better than Trump, her most likely opponent in November, who is viewed negatively by almost three-fourths of California voters.

A Democratic voter at a Washington state caucus on Saturday. In the California primary race, Hillary Clinton holds a modest lead over Bernie Sanders, 45% to 37%, among all Democrats and independent voters eligible to vote.

A Democratic voter at a Washington state caucus on Saturday. In the California primary race, Hillary Clinton holds a modest lead over Bernie Sanders, 45% to 37%, among all Democrats and independent voters eligible to vote.

(Elaine Thompson / Associated Press)

But her image with the public lags significantly behind other leading Democrats. That includes President Obama, whose popularity has risen, both statewide and nationally, in recent weeks. He is now seen favorably by 65% of the state’s voters, the highest level since early in his tenure. Gov. Jerry Brown is viewed favorably by 57%. Both men are viewed negatively by about one-third of voters.

The large share of voters who have a negative view of her does not put Clinton in danger of losing California in a general election: She would defeat any of the Republican candidates handily in the state, which has formed the cornerstone of Democratic victories nationally ever since her husband’s win in 1992. Against Trump, in particular, Clinton would win overwhelmingly, the poll indicated, carrying the state 59% to 28%.

But the negative impressions of so many Californians point toward the deeper problem she faces in the country and also to the likely tone of the fall campaign. A Clinton-Trump race, more than any other in recent decades, would feature two candidates who would start the campaign with large parts of the electorate deeply disenchanted with them. Given that, each side is likely to try to focus voters’ attention on the other’s flaws.

“Clinton’s challenge is not one of persuasion, it’s one of motivation,” said Dan Schnur, director of USC’s Jesse M. Unruh Institute of Politics. “She’s not going to get Sanders supporters to fall in love with her,” he added, but “the other way to motivate your base is to frighten them about the alternative. Against Donald Trump, that should be very doable.”

That’s certainly the case for Gretta Whalen, a 32-year-old freelance writer and communications consultant from Los Angeles, who leans toward Sanders. Clinton, she said, “has been around for so long, and we know so much about her, and not all of it is positive.” Sanders, by contrast, seems attractive, and his ideas feel new, even if “some of them are very pie in the sky and would be very difficult to get the rest of the country on board with.”

But, she added, as she paused from feeding her newborn son, the contest is different “now that we’re looking at a likely race against Donald Trump.” She and her friends, most of whom back Sanders, “are all so shocked that we’re in this place where Donald Trump is a serious contender for president,” she said. Compared with past elections, this campaign “feels a little more surreal.”

“I was much more excited about Bernie” earlier in the campaign season, she added. “We love him as a candidate. We also recognize that he’s not the most realistic winner.”

Just under 1 in 4 voters in the state have a negative image of both of the likely contestants. That group would hold its nose and side with Clinton over Trump, 38% to 23%, with a significant share of them saying they would not vote at all, the poll found.

Sercan Ersoy, a 33-year-old substitute teacher in Oakland, has much more negative feelings about Clinton than does Whalen. A former member of the Green Party who changed his registration in order to vote for Sanders in the primary, Ersoy feels Clinton is “too much of a war hawk” in addition to having too many ties to Wall Street. “I don’t want to vote for her,” he said.

But “if you ask me in late October,” he added, “and there’s a real possibility of a President Trump, I might say, ‘OK. I’ll vote for Hillary.’”

This USC/L.A. Times poll was conducted March 16-23 by telephone, both cellphone and landline, among 1,503 registered voters in California, including 832 Democrats and non-party voters eligible to take part in the June primary. The poll has a margin of error of plus or minus 2.8 percentage points for the full sample and 3.7 percentage points for the Democratic primary sample. It was conducted by Greenberg Quinlan Rosner Research, a Democratic polling firm, and the Republican company American Viewpoint.

The poll found the race between Clinton and Sanders dividing along lines that have become familiar during nearly two months of primaries: Sanders overwhelmingly wins voters younger than 30; Clinton does better with older voters. She leads among women by 11 percentage points, among men by 5 points.

Clinton leads narrowly among white voters but has a much larger edge among blacks and Latinos. In a surprise, given her family’s long-standing popularity with Asian voters, Clinton appears to be trailing Sanders with that group, although his edge, 43% to 35%, is within the poll’s margin of error for such a subgroup.

Clinton’s lead among minority voters is “much more muted” than her edge in previous contests in Texas and across the South, said pollster Anna Greenberg. That’s largely a result of a generational divide, with Sanders leading among younger Latinos, much as he does among young white voters. The other minority groups are too small to allow a detailed breakdown by age.

The other significant division in the primary is by party. California’s Democratic primary is open to registered Democrats as well as voters who decline to state a party. Clinton leads Sanders by 14 percentage points among registered Democrats; Sanders leads by 9 percentage points among the nonpartisan voters — again a pattern seen repeatedly in other states.

Among Sanders voters, 80% polled said they would vote for Clinton in November, although the share saying they would do so “reluctantly,” 45%, outnumbers those who would do so “enthusiastically,” 35%.

About 1 in 8 Democratic primary voters surveyed said they would refuse to vote for Clinton if she is the nominee. That’s half the level of rejection that Trump faces among Republican primary voters.

Among the Democratic primary voters most resistant to backing her in the fall are white men 65 and older, according to the poll. By contrast, only 4% of people who identified themselves as students said they would refuse to vote for Clinton — another indication that Sanders’ core supporters are unlikely to reject her candidacy.

By 72% to 21%, Democratic primary voters said in the survey that they are excited about the prospect of voting for the first female president.

Sanders has centered his campaign around the belief that the U.S. economy is unfairly rigged by Wall Street and big corporations. Not surprisingly, a large majority of his voters share that view.

The poll asked people if they thought that in today’s economy “everyone has a fair chance to get ahead in the long run if they work hard” or if “it’s mainly just a few people at the top who have a chance to get ahead.” By more than 2 to 1, Sanders’ voters said that only those at the top could get ahead.

Clinton’s supporters were more evenly divided, with 52% saying that everyone had a fair chance and 42% saying that only those at the top could get ahead. That reflected, in part, the feelings of Latinos, who are more likely than other Americans to say that hard work still pays off in the long run.

Those who backed Clinton were also more likely than Sanders’ backers to say that “when it comes to good jobs for American workers, our best years are ahead of us.” More than 6 in 10 of Clinton’s voters agreed with that statement, compared with just under half of Sanders’.

Neither group of Democratic voters was as pessimistic as Trump’s supporters, however. A majority of them said that when it comes to good jobs, “America’s best years are behind us.”

david.lauter@latimes.com

For more on Campaign 2016, follow @davidlauter

Sign up for the Essential Politics newsletter

ALSO:

Trump leads Republican primary field

California’s June primary just became crucial in the race for the White House

Full coverage of the USC Dornsife/Los Angeles Times poll

Full poll results and detailed crosstabs

Updates on California politics

Live coverage from the campaign trail



Source link

Marlie Packer: Harlequins ‘perfect fit’ as she nears Saracens exit

Packer had initially considered retiring at the end of this season, although she had not shared these thoughts with others.

She said a conversation with England head coach John Mitchell, where he “posed a good couple of questions to me”, helped her refocus.

And with no contract on the table at Saracens, Packer had to act.

“I’m more of a proactive instead of a reactive kind of person,” she said.

“Now I’ve got [son] Oliver and a mortgage, so I got in touch with Harlequins just to see if the door was open.”

Before Quins head coach Ross Chisholm had met with Packer, he attended the Red Roses’ training and was impressed with the former England skipper’s attitude and impact on the group.

“We just had quite an open conversation,” Packer added.

“He said, ‘I really loved how you trained with the Red Roses [and] actually seeing you in training, you’re someone that would be a really good fit for Harlequins’.”

With Packer impressing for England in the Six Nations, picking up player of the match awards against Wales and Italy, she knew that, once the tournament concluded, she had to “make some life choices”.

As she returned to Saracens, it was made clear by head coach Alex Austerberry that there was still no new deal for her, so she decided it was time to move on.

And with her partner, fellow England World Cup winner Rosie Galligan, pregnant, and their son Oliver settled at a nearby school, there seemed one obvious option.

“The fact that Harlequins was only 20 minutes down the road, the fit just seemed to be perfect,” she said.

Source link

NBA probe of Steve Ballmer, Clippers nears end with Sanberg sentencing

The sentencing of Aspiration co-founder Joseph Sanberg to 14 years in federal prison on Monday brings the NBA a step closer to concluding its nine-month investigation into the Clippers allegedly circumventing the salary cap.

Sanberg pleaded guilty in October to federal charges of conspiring to bilk investors out of $248 million for portraying the now-defunct Aspiration as a “socially-conscious and sustainable banking services and investment products” firm.

The NBA has declined to comment on the status of the probe centered on $60 million invested in Aspiration by Clippers owner Steve Ballmer and the $28-million contract Clippers star Kawhi Leonard signed with Aspiration for endorsement and marketing work that he never delivered.

Players are allowed to have separate endorsement and other business deals, but at issue is whether the Clippers participated in arranging the side deal beyond simply introducing Aspiration executives to Leonard. Doing so would be a violation of Article 13 of the NBA collective bargaining agreement, punishable by a $4.5-million fine, the loss of a first-round draft pick and the voiding of Leonard’s contract.

The NBA draft takes place June 23-24 and the Clippers have three picks, including the fifth overall selection. The league is not expected to release its findings until after the NBA Finals, which begin Wednesday between the New York Knicks and San Antonio Spurs.

Clippers officials haven’t commented on the investigation. But Leonard, who has one year left on a three-year, $149.5-million contract that will pay him $50.3 million next season, told The Athletic after the Clippers’ season-ending game April 15 that “I think we’re going to be in the clear. I’m not stressing.”

Otherwise, among the few public comments about the investigation were letters submitted to federal court judge Stephen V. Wilson ahead of Sanberg’s sentencing by Ballmer and the law firm conducting the probe on behalf of the NBA.

The letter from Dave Anders of Wachtell Lipton stated that Sanberg provided documentation and information helpful to the NBA investigation during two in-person interviews.

“In all our dealings with Mr. Sanberg, both directly and through his counsel, he provided information that was consistent with our review of contemporaneous documents and other evidence,” Anders wrote. “Mr. Sanberg’s cooperation substantially assisted our investigation, including our ability to develop a more complete understanding of key events.”

Ballmer countered by asking Wilson for a stiff sentence in a five-page Victim Impact Statement posted on social media by his lawyer, David N. Kelley.

“Sanberg continues to exploit his fraud of Mr. Ballmer for his benefit, providing information to the NBA in return for a sentencing letter that the league submitted on his behalf,” Kelley wrote. “The reliability of Sanberg’s information is suspect given that he has pleaded guilty to federal fraud charges, and the government has made its own determination that he is not credible.”

Before handing down the sentence, Wilson made it clear that Sanberg’s credibility was questionable.

“He portrays himself as a do-gooder who was in business to help the world, but he did personally gain from his fraud,” Wilson said, later adding, “I would put the grade of his fraud at the zenith.”

Ballmer, a former longtime CEO of Microsoft who has owned the Clippers since 2014, accused Sanberg of targeting him for his well-known interest in environmental sustainability and exaggerating their relationship to convince others to invest in the fraudulent company. He said he met Sanberg only once.

Ballmer invested $50 million in Aspiration in September 2021. A month later, the Clippers announced a $300-million sponsorship deal with the company. Ballmer nearly granted Aspiration naming rights to the team’s new $2-billion venue as well, but instead chose financial services firm Intuit. Ballmer made an additional $10-million investment in Aspiration on March 9, 2023.

Ballmer was added in November as a defendant in a civil lawsuit against Sanberg and several others associated with Aspiration. Ballmer and the other defendants are accused by 11 investors in Aspiration of fraud and aiding and abetting fraud, with the plaintiffs seeking at least $50 million in damages.

Kelley contended that Ballmer was added as a defendant because of his “visibility and resources,” and portrayed the Clippers owner as a victim, saying “Mr. Ballmer’s losses are not measured solely, or even primarily, on a balance sheet. They are measured in the reputational damage that will take years to remediate, and in the chilling effect on future endeavors intended to do good.”

The lone public comment about the investigation from NBA Commissioner Adam Silver came during All-Star Weekend in February at the Intuit Dome when he described the issue as “enormously complex.”

“You have a company in bankruptcy, you have thousands of documents, multiple witnesses that needed to be interviewed,” Silver said.

The investigation was triggered by reports from podcaster Pablo Torre that Leonard’s sponsorship deal with Aspiration was to circumvent the salary cap. Torre and the staff of “Pablo Torre Finds Out” won a Pulitzer Prize for Audio Reporting for their efforts.

Source link

James Lowe: Future of Leinster and Ireland wing uncertain as contract expiry nears

Before Ireland’s Six Nations win over Scotland in March, which secured the triple Crown, Farrell said he expected both Lowe and centre Bundee Aki to sign new contracts.

Aki has agreed a new one-year deal to stay with Connacht but there has not been any progress with Lowe, who is contracted by Leinster rather than an central contract with the Irish Rugby Football Union [IRFU].

Lowe did not make the squad for the Champions Cup final defeat by Bordeaux despite having returned from a hamstring injury sustained in the Six Nations win over England.

However, his two record-breaking tries on Saturday show he is still a threat when fit and available.

While Cullen declined to comment on his future, he did praise the impact Lowe has made since he moved to Ireland nine years ago.

“He’s been a great character in the group. Very, very different, you know, what he brings, great energy,” Cullen said after the game.

“Internally, we had a video there just in terms of some of the stuff that he’s done in a Leinster jersey over his career.

“There’s not many James Lowes running around the streets that we’ve come across so far. He’s been a great addition to the group over the years.”

Source link

Hungary Nears EU Funding Deal as Peter Magyar Holds High Stakes Brussels Talks

Hungarian Prime Minister Peter Magyar said he expects to finalize a political agreement with Ursula von der Leyen over the release of billions of euros in frozen European Union funds during talks in Brussels.

The negotiations focus on unlocking financial support that had been suspended under the previous government led by former Prime Minister Viktor Orban due to long standing EU concerns regarding corruption, rule of law standards, and judicial independence.

Hungary is seeking access to approximately 6.5 billion euros in EU recovery grants and 3.9 billion euros in low interest loans before a critical August deadline. Additional structural funds worth around 7 billion euros also remain frozen.

The talks come at a crucial moment for Hungary’s economy, which has struggled with weak growth, fiscal pressure, and budgetary strain over the past three years.

Why It Matters

The potential agreement carries major economic and political significance for both Hungary and the European Union.

For Hungary, securing the release of EU funds is essential to stabilizing public finances, supporting economic growth, and restoring investor confidence. The country’s economy has experienced prolonged stagnation, while high spending pressures and limited fiscal flexibility have increased urgency around external financing.

For the European Union, the negotiations represent an important test of how Brussels balances financial support with enforcement of democratic and governance standards among member states.

The dispute over frozen funds has become one of the most prominent examples of tensions between the EU and governments accused of weakening judicial independence or failing to address corruption concerns.

A successful agreement could signal improving relations between Brussels and Hungary after years of political friction under Orban’s leadership.

Key Stakeholders

Hungary’s Government

Prime Minister Peter Magyar is under pressure to secure financial relief while also demonstrating willingness to meet EU governance expectations.

European Commission

The European Commission must balance political compromise with maintaining credibility on rule of law enforcement and anti corruption standards across the bloc.

Hungarian Economy

Businesses, investors, and public institutions in Hungary are closely watching the outcome because EU funding plays a major role in infrastructure, development, and economic stability.

European Union Member States

Other EU governments are monitoring the negotiations as they could shape future disputes involving rule of law conditions and access to EU financial support.

Analysis

The negotiations reflect a broader shift in Hungary’s relationship with the European Union following the political transition away from Viktor Orban’s administration.

Under Orban, disputes with Brussels became increasingly confrontational, particularly over democratic governance, judicial reforms, media freedoms, and corruption allegations. Peter Magyar appears to be pursuing a more pragmatic approach focused on rebuilding trust with EU institutions while securing urgently needed economic support.

However, the remaining disagreements over anti corruption measures suggest Brussels still wants stronger guarantees before fully releasing funds. This highlights the EU’s growing willingness to use financial leverage as a tool for enforcing governance standards within member states.

For Hungary, the pressure is primarily economic. Frozen EU funds have limited the government’s financial flexibility at a time when growth remains weak and fiscal conditions are strained. Unlocking the money would provide both immediate economic relief and an important political victory for Magyar’s government.

At the same time, the negotiations also carry symbolic importance for the EU itself. Brussels will want to demonstrate that compromise does not come at the expense of accountability, especially after years of criticism over democratic backsliding within the bloc.

Future Outlook

If a political agreement is finalized, Hungary could begin unlocking critical EU funding in the coming months, easing fiscal pressure and improving economic confidence.

However, implementation will remain important. Brussels is likely to continue closely monitoring Hungary’s anti corruption reforms and governance commitments before fully releasing all frozen funds.

A successful deal may also help normalize Hungary’s relationship with the European Union after years of tension, potentially opening the door for broader cooperation on economic and political issues.

At the same time, the outcome could influence future EU disputes involving rule of law conditions and financial oversight, particularly as Brussels increasingly links access to funding with governance standards.

For Hungary, the immediate priority remains economic stabilization. But politically, the negotiations may also determine whether Peter Magyar can establish a more cooperative and sustainable relationship with Europe while distancing his administration from the confrontational legacy of the Orban era.

With information from Reuters.

Source link

Mary Earps close to WSL return as Paris St-Germain exit nears

London City Lionesses are an ambitious club under owner Michele Kang and had a steady debut campaign in the WSL, finishing sixth after eight wins from 22 matches.

Sources at the club say an agreement with Earps has not yet been made, but they remain optimistic about their summer business.

Eder Maestre’s side have been linked with several players including Barcelona defender Mapi Leon and England winger Beth Mead, who announced her departure from Arsenal this week amid additional interest from Manchester City.

Earps is one of a number of big-name players potentially available on a free deal this summer, with Arsenal’s Mead and Katie McCabe leaving, Barcelona’s Alexia Putellas yet to sign a new contract, Sam Kerr departing Chelsea and Manchester City top scorer Khadija Shaw rejecting contract renewal proposals.

During her time in England, Earps became one of the country’s most recognised and influential players, though her book – released in November – caused controversy and dominated headlines in the media for several weeks.

Source link