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Financial Management Company Douglas Lane Raised Its Thermo Fisher Stake. Is the Stock a Buy?

On October 10, 2025, wealth management company Douglas Lane & Associates disclosed a purchase of Thermo Fisher Scientific valued at approximately $7.79 million, based on the average price for Q3 2025.

What happened

According to a filing with the Securities and Exchange Commission (SEC) dated October 10, 2025, Douglas Lane & Associates increased its position in Thermo Fisher Scientific (TMO -1.85%) by 16,745 shares during the quarter. The estimated transaction value was $7.79 million, based on the average closing price for the quarter. The fund now holds 216,276 shares after the trade.

What else to know

Following the purchase, Thermo Fisher Scientific represented 1.5% of the fund’s reportable assets under management as of September 30, 2025.

Top holdings after the filing are as follows:

  • NASDAQ:NVDA: $312.46 million (4.4% of AUM) as of September 30, 2025
  • NASDAQ:GOOG: $212.16 million (3.0% of AUM) as of September 30, 2025
  • NYSE:JPM: $203.56 million (2.8% of AUM) as of September 30, 2025
  • NASDAQ:MSFT: $184.79 million (2.6% of AUM) as of September 30, 2025
  • NASDAQ:QCOM: $167.31 million (2.3% of AUM) as of September 30, 2025

As of October 9, 2025, Thermo Fisher shares were priced at $534.68, and were down about 12% over the trailing 12 months.

Company Overview

Metric Value
Revenue (TTM) $43.21 billion
Net Income (TTM) $6.58 billion
Dividend Yield 0.32%
Price (as of market close 2025-10-09) $534.68

Company Snapshot

Thermo Fisher Scientific offers life sciences solutions, analytical instruments, specialty diagnostics, laboratory products, and biopharma services with revenue streams diversified across research, diagnostics, and pharmaceutical sectors.

The company operates a multi-segment business model, generating revenue through direct sales, e-commerce, and third-party distribution of proprietary products, consumables, and services. It serves pharmaceutical and biotechnology companies, clinical and research laboratories, academic institutions, government agencies, and industrial customers globally.

A scientist takes notes while working in a laboratory.

IMAGE SOURCE: GETTY IMAGES.

Thermo Fisher Scientific is a global leader in scientific instrumentation, diagnostics, and laboratory services, with a broad portfolio that supports research, healthcare, and biopharmaceutical production. The company leverages scale and a diverse product offering to drive consistent revenue growth, and serve a wide range of end markets.

Foolish take

Douglas Lane upping its Thermo Fisher Scientific holdings is noteworthy in that the wealth management company already had a substantial stake. This move suggests Douglas Lane believes Thermo Fisher stock remains attractively valued, especially after its decline over the last 12 months.

Indeed, looking at Thermo Fisher stock’s price-to-earnings (P/E) ratio shows it’s lower than it was a year ago. This indicates shares are a better value now, although the earnings multiple is not as low as it was after President Trump’s new tariff policies caused the entire stock market to fall last April.

As far as its business performance, Thermo Fisher is doing well. It achieved 3% revenue growth to $10.9 billion in its fiscal second quarter, ended June 28. The company did an outstanding job managing its expenses, and combined with its sales growth, allowed Thermo Fisher to deliver a 6% year-over-year increase in fiscal Q2 diluted earnings per share (EPS) to $4.28. This continues the trend of rising EPS exhibited over the last couple of years.

On top of that, Thermo Fisher raised its 2025 fiscal guidance to sales of about $44 billion. This would be a jump up from the prior year’s $42.9 billion. With rising revenue and EPS combined with a reasonable P/E ratio, Thermo Fisher stock looks like a compelling buy.

Glossary

Assets Under Management (AUM): The total market value of investments managed by a fund or investment firm.
13F Reportable Assets: Securities that institutional investment managers must disclose in quarterly SEC filings if they exceed $100 million in assets.
Alpha: A measure of an investment’s performance relative to a benchmark index, often indicating excess return.
Quarter: A three-month period used by companies for financial reporting and performance measurement.
Proprietary Products: Goods or services owned and produced exclusively by a company, often protected by patents or trademarks.
Consumables: Products intended for single or limited use, requiring regular replacement in laboratory or industrial settings.
Direct Sales: Selling products or services directly to customers without intermediaries or third-party distributors.
Third-Party Distribution: The sale of products through external companies or intermediaries rather than directly from the manufacturer.
Dividend Yield: The annual dividend payment expressed as a percentage of the stock’s current price.
Biopharma Services: Specialized services supporting the development and manufacturing of biopharmaceutical drugs.
End Markets: The final industries or customer segments that purchase and use a company’s products or services.
TTM: The 12-month period ending with the most recent quarterly report.

JPMorgan Chase is an advertising partner of Motley Fool Money. Robert Izquierdo has positions in Alphabet, JPMorgan Chase, Microsoft, Nvidia, and Qualcomm. The Motley Fool has positions in and recommends Alphabet, JPMorgan Chase, Microsoft, Nvidia, Qualcomm, and Thermo Fisher Scientific. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

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Disneyland just raised its ticket prices in the middle of the night

The cost to experience the Happiest Place on Earth continues to rise as the Disneyland Resort unveiled its annual price increases for the upcoming year.

The Disneyland Resort on Wednesday morning increased prices on most tickets for guests 10 and older, with the price to visit a single park on its most in-demand days now $224 per person, up from $206. The price of its lowest-tier offering — a one-day, one-park ticket for often a less crowded weekday — will remain the same at $104. (Disneyland Resort ticket prices vary depending on the day and consumer demand.)

Pricing for all other one-day, one-park tickets on more popular days will increase between 1.5% and 4.8% — Disneyland has six tiers of pricing based on crowd levels — and most increased moderately between $3 and $7, a lower jump than in years past. Park hopper add-ons, which allow a guest to visit both Disneyland Park and Disney California Adventure on the same day, are now between $70 and $90 per day, up from $65 to $75 per day, depending on the crowd calendar.

Parking at the resort has also increased, up $5 to $40 per day for a standard vehicle.

Once in the park, those who opt for the line-skipping Lightning Lane Multi Pass will find that service starts at $34 per day, up from $32, but the program is also subject to variable pricing. For instance, today a Lightning Lane Multi Pass is $40 per guest.

Its Magic Key annual pass has also experienced an increase for its top two tiers, the so-called Inspire and Believe passes. The Inspire pass, which offers the most year-round access and highest merchandise and dining discounts, including the cost of parking, is up $150 to $1,899. The Believe key is up $100 to $1,474. Prices for its two lowest tier Magic Keys — the Enchant and Imagine — did not change.

Currently, only the Enchant and Imagine keys, the latter for Southern California residents, are available for sale. All are available for renew, as Disney makes Magic Key passes for sale available at various times throughout the year.

Disneyland has maintained its lowest $104 ticket for seven years now. This year, for instance, one can visit the park in early November at that rate in the days between the resort’s Halloween and holidays celebrations. From Oct. 7 through April 4, 2026, Disneyland has also increased its number of $104 days, up from 20 to 32 for the upcoming months.

“Disney Parks offer a full day of experiences each day, with ticket, hotel, and dining options designed to suit a wide range of needs and budgets for all who visit,” read a statement from the company. “Our commitment to creating magical experiences for everyone remains at the heart of what we do — and that will never change.”

The resort has also unveiled a new California ticket offer, which is set to go on sale Dec. 3. The deal is for a 3-day park-hopper ticket, which can be used on non-consecutive visits, and starts at $249 per person, which amounts to $83 per day. A Lightning Lane Multi Pass add-on will bring the cost of the ticket to $351 per person, or $117 per day. The offer is good for visits from Jan. 1, 2026 to May 21, 2026.

Disneyland is currently in the midst of its 70th anniversary celebration, which will continue until next summer. As part of the latter, Disneyland unveiled the show “Walt Disney — A Magical Life,” featuring the first-ever audio animatronic of the company’s founder. Disneyland this week announced an update is coming soon to one of its most historic attractions, as it will be adding Rapunzel’s Tower to its Storybook Land Canal Boats, a leisurely boat ride through tableaus of exquisite miniatures.

While Disneyland has yet to announce its full slate of programming for 2026, popular festivities such as Lunar New Year and the Food & Wine Festival are set to return. Disneyland Park in its Star Wars: Galaxy’s Edge area will unveil a new mission on its attraction Millennium Falcon: Smugglers Run to tie into the upcoming film, “The Mandalorian and Grogu.” The new interactive scenes are set to debut May 22, 2026.

Disney’s experiences division — which includes the Disney theme parks, cruise line and Aulani resort and spa in Hawaii — reported revenue of $9.1 billion, up 8% compared with the previous year, in its most recent quarterly earnings report. Operating income rose 13% to $2.5 billion.

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Palestinian flag raised outside embassy in London after UK recognition | Israel-Palestine conflict News

Palestinian Ambassador Zomlot says ‘moment stands as defiant act of truth, a refusal to let genocide be the final word’.

The Palestinian flag has been raised outside the premises of what is now Palestine’s embassy to the United Kingdom in London, marking Britain’s historic and long-awaited recognition of a Palestinian state, as Israel’s relentless destruction of Gaza and its military’s crackdown in the occupied West Bank continue.

The flag-raising ceremony on Monday followed a speech by Palestine’s Ambassador to the UK, Husam Zomlot, outside what was previously the Palestine Mission to the UK.

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“Please join me as we raise the flag of Palestine with its colours representing our nation: Black for our mourning, white for our hope, green for our land and red for the sacrifices of our people,” Zomlot said.

Zomlot said the recognition of a Palestinian state was about “righting historic wrongs and committing together to a future based on freedom, dignity and fundamental human rights”.

He called on people to remember “that this recognition comes at a time of unimaginable pain and suffering as a genocide is being waged against us – a genocide that is still being denied and allowed to continue with impunity”.

He continued: “It comes as our people in Gaza are being starved, bombed, and buried under the rubble of their homes; as our people in the West Bank are being ethnically cleansed, brutalised by daily state-sponsored terrorism, land theft and suffocating oppression.”

Zomlot said the recognition was occurring “as the humanity of Palestinian people is still questioned, our lives still treated as disposable and our basic freedoms still denied”.

“Yet, this moment stands as a defiant act of truth, a refusal to let genocide be the final word; a refusal to accept that occupation is permanent; a refusal to be erased and a refusal to be dehumanised,” he concluded.

British Prime Minister Keir Starmer announced the United Kingdom’s decision to formally recognise a Palestinian state, more than 100 years after the Balfour Declaration backed “the establishment in Palestine of a national home for the Jewish people”, and 77 years after the creation of Israel in the British Mandate of Palestine.

“In the face of the growing horror in the Middle East, we are acting to keep alive the possibility of peace and of a two-state solution,” Starmer said in a video statement Sunday.

The UK government said in July it would shift its longstanding approach of holding off recognition until a supposed moment of maximum effect – unless Israel stops its genocidal war in Gaza, commits to a long-term sustainable peace process that delivers a two-state solution, and allows more aid into the enclave.

But the catastrophic situation in Gaza has only grown significantly more dire over the past few weeks, as the Israeli military continues to systematically destroy Gaza City to seize it, while continuing to starve and displace the famine-stricken population of the enclave.

Daily raids by Israeli soldiers and attacks by settlers are also ongoing across the occupied West Bank, with Israel advancing plans to annex the Palestinian territory.

Canada, Australia, and Portugal also officially recognised Palestinian statehood two days before the start of the 80th session of the United Nations General Assembly (UNGA), where Palestinian sovereignty after decades of occupation and apartheid by Israel will be in focus.

France and Saudi Arabia are preparing to host a one-day summit at the UN, a day before the start of the UNGA, both of which will be heavily focused on Israel’s war on Gaza and the elusive two-state solution.

At the UN headquarters in New York, world leaders will convene on Monday to revive the long-stalled notion, amid warnings that a contiguous Palestinian state could “vanish altogether” as a result of Israel’s hegemonic moves in Gaza and the occupied West Bank.

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Shark attack survivor ‘raised her arm out of the water & saw she had no hand’ as teen lost leg in brutal savaging

A TEENAGER who was mauled by a shark recalled the terrifying moment she “raised her arm out of the water and saw she had no hand”.

Lulu Gribbin, 15, was enjoying a beach day in Florida last summer when she lost her arm and leg in the brutal attack.

A 15-year-old girl named Lulu Gribbin smiling, facing to the right of the frame, with long brown hair and wearing a dark blue shirt.

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Lulu Gribbin, 15, was brutally attacked by a sharkCredit: ABC News
Lulu Gribbin with her family on Good Morning America, showing her prosthetic arm.

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Mom, Ann Blair Gribbin, Dad, Joe Gribbin and her twin sister EllieCredit: ABC News
Smiling girl in a floral dress.

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Lulu recalls seeing a ‘shadow’ in the water before being savaged by the beastCredit: Caringbridge
Rescue personnel loading a patient into a Walton Air Rescue helicopter.

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The teenager was airlifted to hospitalCredit: South Walton Fire District

She and her family had heard speculation that a shark was in the sea by the beach they were at in Walton County, northwest Florida.

But it wasn’t until the teen saw “a shadow” in the water that panic set in.

She told ABC News: “I never saw a tail or a fin. I never saw its eyes.”

After spotting a “glimpse” of the shark’s body, she initially started swimming as fast as she could.

But after recalling advice she had heard in a movie, she stopped – thinking her frantic movements would encourage the shark to chase her.

It was then that her life would drastically change forever.

She said: “I told everyone to just calm down…and the next thing I know is that I raised my hand out of the water and there just was no hand there.”

Lulu was rushed to the shore where her twin sister, Ellie, sat by her side, keeping her calm and ensuring she remained conscious until paramedics arrived.

Meanwhile, doctors on the beach wrapped a tourniquet around Lulu’s injuries.

Her mom, Ann Blair Gribbin, said she rushed to the beach when her daughter didn’t pick up her phone.

Comparing her child’s injuries to something out of a movie, she said she found her “lifeless” with her “eyes closed, and her mouth white and pale”.

Shark Attack Horror: 8-Year-Old Severely Injured in Florida’s Key Largo

She said: “All I could say was, ‘Just keep breathing. Please keep breathing. God, please let her keep breathing.

“We didn’t know anything, no idea if she was alive.”

The teen was then airlifted to a Pensacola hospital where she underwent multiple surgeries leading to her leg and arm being amputated.

Doctors said she had also lost around two-thirds of the blood in her body.

Following the horror incident, her mom paid tribute to the doctors who saved Lulu’s life.

She also described her daughter as a “miracle” admitting the family’s life will “be forever changed”.

Ann said: “At this point, we will have multiple surgeries in the days to come and our lives will be forever changed.

“She is truly a miracle.  We have a long road ahead and our journey is just beginning!”

MULTIPLE ATTACKS

Lulu wasn’t the only victim that day.

According to the teen, there was another shark attack just 90 minutes before just a few miles down the coast.

She said: “If I wouldn’t known about this, I wouldn’t have been in the water”.

Lulu’s friend McCray was also bitten on her foot, and officials suspect the same beast attacked three other people.

This spate of maulings were the first in the county for three years, with the last fatality recorded in Walton County in 2005.

Cops in the area, however, stressed that sharks are always present in the Gulf.

Officers previously said: “Swimmers and beachgoers should be cautious when swimming and stay aware of their surroundings”.

Her brutal attack comes as a little boy was mercilessly savaged off the Florida coast by a blacktip shark earlier this month.

The blacktip shark rushed Richard Burrows, his sister Rose, and his dad, David, as they snorkeled at Horseshoe Reef, about four miles off Key Largo, at around 3 pm on September 1.

Richard was bitten above his right knee and on his arm, leaving him gushing blood in the water as his dad and sister scrambled to help.

David quickly applied a tourniquet to Richard’s leg to stop the bleeding, which doctors later said helped to save his life.

Lulu Gribbin, wearing a navy blue dress, sits with her prosthetic arm visible.

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She recalled the terrifying moment she pulled her arm out the water and her hand wasn’t thereCredit: Instagram /Lulu Gribbin
Lulu Gribbin, a shark attack survivor, wears a prosthetic leg and a shirt that says "Before You Ask It Was A Shark".

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Her leg and arm were amputated after she underwent multiple surgeriesCredit: ABC News
Large crowd of beachgoers gathered at the water's edge.

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The beach they were at in Walton County, northwest FloridaCredit: ABC News
Teen shark attack survivor Lulu Gribbin using a walker with a prosthetic leg.

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The teen spent more than two months in rehabilitationCredit: ABC News

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Gavin Adcock, Zach Bryan face off at Born & Raised Festival

Don’t expect country music stars Zach Bryan and Gavin Adcock to share a bill anytime soon. The two, who have been sparring verbally for weeks, got into a face-to-face altercation at a music festival in Oklahoma on Saturday.

The confrontation happened at the Born & Raised Festival in Pryor, Okla., just before Adcock stepped on stage to perform.

A video, shared by Adcock on Instagram, shows Adcock and Bryan staring each other down and yelling through a chain-link fence topped with barbed wire.

“Hey, you want to fight like a man?” Bryan says in the video clip, calling for someone to open the gate separating the two men. Other clips show Bryan climbing over the barbed-wire top of the fence and Adcock standing back as security personnel come between them.

Text superimposed on Adcock’s Instagram video alleged that Bryan made “death threats” during the spat, along with the comment: “Eat a snickers bro.” He added another insult while signing someone’s cowboy hat later that day.

Adcock, who has 725,000 Instagram followers, released an album called “Own Worst Enemy” in August. He sparked controversy in June when he criticized Beyoncé’s “Cowboy Carter” album on stage, brandishing a bottle while saying “that s— ain’t country music, and it ain’t never been country music and it ain’t never gonna be country music.” (Earlier this year, Beyoncé won Grammys for album of the year and country album for “Cowboy Carter.”)

Bryan, 29, who was in the Navy before reaching fame as country/American singer and songwriter, has 4.9 million Instagram followers. Bryan released his last album, “Zach Bryan,” in 2023. A New York Times profile labeled him “music’s most reluctant new star.”

Adcock and Bryan’s beef dates to July, when Adcock slammed Bryan for being thin-skinned and not doing a meet-and-greet appearance with fans after a show. Later, Adcock added more harsh words in an interview on Rolling Stone’s “Nashville Now.”

“I think Zach Bryan puts on a big mask in his day-to-day life and sometimes he can’t help but rip it off and show his true colors,” Adcock said. “I don’t know if Zach Bryan’s really that great of a person.”

Representatives for Adcock and Bryan did not immediately respond to requests for comment.



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Allegations of mismanagement, overspending in California fire cleanups raised in whistleblower trial

Exposing years-old concerns about California’s resilience to wildfires, a government whistleblower and other witnesses in a recent state trial alleged that cleanup operations after some of the largest fires in state history were plagued by mismanagement and overspending — and that toxic contamination was at times left behind in local communities.

Steven Larson, a former state debris operations manager in the California Governor’s Office of Emergency Services, failed to convince a jury that he was wrongly fired by the agency for flagging those and other issues to his supervisors. After a three-week trial in Sacramento, the jury found Larson was retaliated against, but also that the agency had other, legitimate reasons for dismissing him from his post, according to court records.

Still, the little-discussed trial provided a rare window into a billion-dollar public-private industry that is rapidly expanding — and becoming increasingly expensive for taxpayers and lucrative for contractors — given the increased threat of fires from climate change.

It raised serious questions about the state’s fire response and management capabilities at a time when the Trump administration says it is aggressively searching for “waste, fraud and abuse” in government spending, proposing cuts to the Federal Emergency Management Agency and clashing with state leaders over the best way to respond to future wildfires in California.

The allegations raised in the trial also come as FEMA and the Army Corps of Engineers are overseeing similar debris removal work — by some of the same contractors — following the wildfires that destroyed much of Pacific Palisades and parts of Altadena in January, and as fresh complaints arise around that work, as The Times recently reported.

A gray-haired man wearing a gingham oxford shirt poses next to a tree.

Steve Larson poses for a portrait at Elk Grove Park on Sept. 1. Larson, who was a former state debris operations manager in the California Governor’s Office of Emergency Services, is a whistleblower alleging widespread problems in California fire cleanups.

(Andri Tambunan / For The Times)

During the trial, Larson and other witnesses with direct knowledge of state fire contracts raised allegations of poor oversight and sloppy hiring and purchasing practices by CalRecycle, the state agency that oversaw multiple major cleanup contracts for CalOES; overcharging and poor record-keeping by contractors; toxic contamination being left behind on properties meant to have been cleared; and insufficient responses to those problems from both CalOES and FEMA officials.

The claims were buttressed at trial by the introduction into evidence of a previously unpublished audit of cleanup operations for several large fires in 2018. They were mostly rejected by attorneys for the state, who acknowledged some problems — which they said are common in fast-paced emergency responses operations. They broadly denied Larson’s allegations as baseless, saying he was an inexperienced and disgruntled former employee who was fired for poor performance.

The allegations were also dismissed by CalOES and by Burlingame-based Environmental Chemical Corp., which was the state’s lead contractor on the 2018 fires and is now the Army Corps of Engineer’s lead contractor on cleanup work for the Palisades and Eaton fires, which is nearing completion.

Anita Gore, a spokeswoman for CalOES, defended the agency’s work in a statement to The Times. While acknowledging some problems in the past, she said the agency is “committed to protecting the health and safety of all Californians, including in the aftermath of disasters, and is unwavering in its desire to maintain a safe and inclusive workplace where everyone can feel respected and thrive.”

In its own statement to The Times, ECC said it followed the directives and oversight of state and federal agencies at all times, and “is proud of its work helping communities recover from devastating disasters.”

“We approach each project with professionalism, transparency, and a commitment to delivering results under extraordinarily challenging conditions,” the company said.

Maria Bourn, one of Larson’s attorneys, told The Times that while her client lost at trial — which they are appealing — his case marked a “win for government accountability and the public at-large” by revealing “massive irregularities by wildfire debris removal contractors” who continue to work in the state.

“The state’s continued partnership with these companies when such widespread irregularities were identified by one of its own should alarm every taxpayer,” Bourn said.

A Malibu home lies in ruins after the Woolsey fire. Many questions were raised about the response.

A Malibu home lies in ruins after the Woolsey fire. Many questions were raised about the response.

(Al Seib / Los Angeles Times)

Camp, Woolsey and Hill fires

The allegations centered in large part around the state-run cleanup efforts following the Camp fire in Northern California, which killed 85 people and all but erased the town of Paradise in November 2018, and the contemporaneous Woolsey and Hill fires in Southern California, which ripped through Malibu and other parts of Los Angeles and Ventura counties.

FEMA has reimbursed the state more than $1 billion for costs associated with those cleanup efforts.

In a July 28, 2019, email entered as evidence in the trial, Larson wrote to CalOES chief of internal audits Ralph Zavala that he wanted to talk to him about “potential fraud” by Camp fire contractors, including ECC.

“I cannot say for sure, but something sure smells fishy,” Larson wrote in the email. “Either their contract was not in fact the lowest bid or they are creating fraud in the way they collect debris.”

Larson wrote in the same email that ECC was “supposedly the lowest bidder” but was “costing more” than the lower bids, which he wrote “doesn’t make sense.” At trial, Larson and his attorneys repeatedly claimed that instead of properly investigating his claims, his supervisors turned against him.

Other current and former state officials testified that they had raised similar concerns.

Todd Thalhamer, a former Camp fire area commander and operations chief who still works for CalRecycle, testified during the trial that he’d told Larson he believed ECC had low-balled its bid to win the work, then overcharged the state by millions of dollars. He said he had “dug very deep into the tonnage cost that they were charging, how they were charging, how they were cleaning it up,” and believed that ECC had been able to “game the system” by reporting that it was hauling out more of the debris types for which it could charge the most.

ECC denied manipulating bids or overcharging the state, and said that “all debris types and volumes are 100% inspected by and determined by CalRecycle and its monitoring representatives and systems, not by ECC or its subcontractors.”

Thalhamer testified that he’d sent an “email blast” out to top CalOES and CalRecycle officials telling them of his findings. He said that led to internal discussions and some but not all issues being resolved.

Further concerns were raised in records obtained by Larson’s attorneys from the prominent accounting firm EY, formerly known as Ernst & Young, which the state paid nearly $4 million to audit the Camp, Woolsey and Hill fire cleanup work.

According to those records, which were cited at trial, EY found that CalRecycle was “unable to produce documentation that fully supports how the proposed costs were determined to be reasonable when evaluating contractor proposals,” and didn’t appear to have “appropriate controls or oversight over the contractor’s performance.”

EY flagged $457 million charged by the contractors through 89 separate “change orders” — or additional charges not contemplated in their initial bids. It said the state lacked an adequate approval process for determining whether to accept such orders, couldn’t substantiate them and risked FEMA rescinding its funding if it didn’t take “immediate corrective action.”

EY specifically flagged $181 million in change orders for the construction of two “base camps” near the burn areas, from which the contractors would operate. It said the state only had invoices for $91 million of that spending, and that even those invoices were not itemized. EY executive Jill Powell testified that the firm believed such large contract changes were likely to be flagged as questionable by FEMA.

ECC — one of two contractors EY noted as having made the base camp change orders — defended its work.

The company said change orders are a necessary part of any cleanup operation, where the final cost “depends on the final quantities of debris that the Government directs the Contractors to remove and how far the material has to be transported for recycling or disposal.”

Such quantities can change over the course of a contract, which leads to changes in cost, it said.

As for the base camps, ECC said the state had explicitly stated in its initial request for proposals that it would “develop the requirements” and negotiate their cost through change orders, because details about their likely location and size were still being worked out when the bids were being accepted.

“Bidders could not know at the time of bid, which area of Paradise they would be assigned, how many properties would be assigned to the bidder, and therefore the exact size of the workforce that the Government would want housed in a Base Camp,” ECC said.

ECC said it “submitted invoices with supporting documentation in the format requested” by CalRecycle for all expenditures, and was “not aware of any missing invoices.”

“We cannot speak to what EY was provided from the State’s files or how the State provided those materials for EY’s review,” the company said. “Any gap in what EY reviewed should not be interpreted as meaning ECC failed to submit documentation.”

ECC said state officials only ever complimented the company for its work on the 2018 fires. And it said it continues to work in Southern California “with the same professionalism and care we bring to every project.”

SPSG, the second contractor EY flagged as being involved in the base camp change orders, did not respond to a request for comment.

Attorney James F. Curran, who represented the state at trial, said in his closing arguments that the work was not “running perfect” but was coming in on schedule and under budget. He said state officials were not ignoring problems, just cataloging non-pressing issues in order to address them when the dust cleared, as is common in emergency operations.

Curran said many of Larson’s complaints were based on his unfamiliarity with such work and his refusal to trust more experienced colleagues. He said Larson was fired not for flagging concerns, but because of “misconduct, arrogance, communication style problems, and performance problems.”

Gore, the CalOES spokeswoman, said CalRecycle awarded the contracts “through an open, competitive procurement process with oversight from CalOES and FEMA,” and that CalOES worked to address problems with contractors before Larson ever voiced any concerns.

Gore said CalOES hired EY to identify any potential improvements in the contracting and reimbursement process, and changed its policy to pay contractors per parcel of land cleared rather than by volume of debris removed in part to address concerns about potential load manipulation.

She said the agency could not answer other, detailed questions from The Times about the debris removal process and concerns about mismanagement and alleged overcharging because the Larson case “remains pending and subject to appeal,” and because CalOES faces “other, active litigation” as well.

The EY audit also flagged issues with several other contractors, including Tetra Tech and Arcadis, according to draft records obtained from EY by Larson’s attorneys and submitted as evidence at trial.

The EY records said Tetra Tech filed time sheets for unapproved costs, without sufficient supporting information, with questionable or excessive hours, with digital alterations that increased hourly rates, and without proper supervisor approvals. It said it also charged for work without providing any supporting time sheets.

The EY records said the company also used inconsistent procedures for sampling soil and testing for asbestos, used billing rates that were inconsistent between its contract and its invoices, charged for “after hours” work without supporting documentation, filed questionable, per-hour lodging costs, appeared to have digitally edited change orders after they were signed and dated, and relied inappropriately on questionable digital signatures for approving change orders.

Tetra Tech did not respond to a request for comment.

The EY records said Arcadis filed change orders for costs that appeared to be part of the “normal course of business,” filed invoices for work that began before the company’s state contract was signed, and relied inappropriately on digital signatures.

Arcadis referred all questions to CalRecycle. CalRecycle provided a copy of its own “targeted” audit of Arcadis’ work, which found the company had complied with the requirements of its nearly $29-million contract with the state. CalRecycle otherwise referred The Times back to CalOES.

A recovery team searches for human remains after the Camp fire.

A recovery team searches for human remains after the Camp fire.

(Marcus Yam / Los Angeles Times)

North Bay fires

Concerns about cleanup work following major fires in Sonoma, Santa Rosa and other North Bay counties in 2017 — under both CalOES and the Army Corps of Engineers — also arose at the trial.

Sean Smith, a former 20-year veteran of CalOES and a prominent figure in California debris removal operations to this day, alleged in an email submitted at trial that ECC and other contractors hired to clear contaminated debris and soil from those fires over-excavated sites in order “to boost loads to get more tonnage and money.”

ECC denied Smith’s claims, saying it “does not perform excessive soil removal” and that it followed “the detailed debris removal operations plan requirements” of the Army Corps of Engineers, which had its own quality assurance representatives monitoring the work.

In a deposition, Smith also testified that, in the midst of spending more than $50 million to repair that over-excavation, state officials identified lingering contamination at “what would be considered hazardous waste levels.”

“They hadn’t finished the cleanup in all spots, and we found it, and we recorded it,” he said.

Smith testified that those findings were presented to high-ranking CalOES and FEMA officials during a meeting in San Francisco in October 2018. At that meeting, CalOES regional manager Eric Lamoureux laid out all the state’s contamination findings in detail, “but nobody wanted to hear it,” Smith said.

During his deposition, Smith alleged that the “exact words” of one FEMA attorney in attendance were, “We have to find out how to debunk the state’s testing” — which he said he found surprising, given the testing was based on federal environmental standards.

“I don’t know how you’d debunk such a thing,” Smith said.

FEMA officials did not respond to requests for comment. CalOES also did not answer questions about the alleged meeting.

ECC said that Smith, who managed and signed its contracts with CalOES, gave ECC “a very positive performance review” when it completed the Sonoma and Santa Rosa work — describing its work as “exceptional.”

Smith said he quit his post working on those fires after the San Francisco meeting, though he continued working for the agency in other roles for a couple more years. Smith more recently formed his own debris removal consulting firm — which has been involved in soil testing for the state after other recent fires.

CalOES did not respond to questions about Smith’s claims or separation from the agency.

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JD Vance went kayaking for his birthday. Secret Service had the river level raised

Vice President JD Vance’s security detail had an Ohio river’s water level raised to accommodate a kayaking trip he and his family took to celebrate his 41st birthday earlier this month.

The U.S. Secret Service said it requested the increased waterflow for the Little Miami River, first reported by the Guardian, to ensure motorized watercraft and emergency personnel “could operate safely” while protecting the vice president, whose home is in Cincinnati.

But critics immediately blasted the action as a sign of the vice president’s entitlement, particularly given the Trump administration’s focus on slashing government spending.

Richard W. Painter, who served as chief White House ethics lawyer under President George W. Bush, said on X that “it’s outrageous for the Army Corps of Engineers to spend taxpayer money to increase water flow in a river so @VP can go canoeing when budget cuts to the National Park Service have severely impacted family vacations for everyone else.”

The Army Corps of Engineers declined to address any financial impact of raising the river. Spokesman Gene Pawlik said the agency’s Louisville District temporarily increased outflows from the Caesar Creek Lake in southwest Ohio into the Little Miami “to support safe navigation of U.S. Secret Service personnel.” He said the move met operational criteria and fell within normal practice.

“It was determined that the operations would not adversely affect downstream or upstream water levels,” he said in a statement. “Downstream stakeholders were notified in advance of the slight outflow increase, which occurred Aug. 1, 2025.” Vance’s birthday was on Aug. 2.

Vance spokesman Taylor Van Kirk said the vice president was unaware the river had been raised.

“The Secret Service often employs protective measures without the knowledge of the Vice President or his staff, as was the case last weekend,” she said via text.

The sprawling 2,830-acre Caesar Creek Lake has an unlimited horsepower designation and five launch ramps, according to the Ohio Department of Natural Resources website. A marina, a campground and a lodge are also located on site. The department provided two natural resources officers to assist the Secret Service with the Vance event, spokesperson Karina Cheung said.

The Vance family has already become accustomed to certain accommodations being made as they move about the world. During a recent trip to Italy, the Roman Colosseum was closed to the public so that his wife, Usha, and their children could take a tour, sparking anger among some tourists. The Taj Mahal also was closed to visitors during the Vance family’s visit to India.

Such special treatment isn’t reserved for one political party.

When Democratic Vice President Al Gore, then a presidential candidate, paddled down the Connecticut River for a photo opportunity in 1999, utility officials had opened a dam and released 4 billion gallons of water to raise the river’s level. That request too came after a review of the area by the Secret Service — and Gore also experienced political pushback.

Gore’s campaign said at the time that he did not ask for the water to be released.

Smyth writes for the Associated Press.

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Astronomer’s new CEO admits Coldplay kiss cam video raised brand awareness

Chris Martin of Coldplay performs in concert. On Monday, Astronomer’s new chief executive officer Pete DeJoy issued a statement regarding the now viral video of the tech firm’s former CEO and human resources director caught embracing on Coldplay’s kiss cam last week. DeJoy called the company’s mission “bigger than any one moment.” File Photo by David Silpa/UPI | License Photo

July 21 (UPI) — The new chief executive officer at Astronomer is speaking out following last week’s Coldplay concert kiss cam controversy, as he acknowledged the now viral video has raised brand awareness for the tech firm.

Pete DeJoy, co-founder and interim CEO, issued a statement Monday — called “Moving Forward at Astronomer” — after former CEO Andy Byron and Astronomer’s head of Human Resources, Kristin Cabot, were caught in an embrace Wednesday night on Coldplay’s jumbotron at Gillette Stadium in Foxborough, Mass. Both Byron and Cabot, who are married to other people, ducked out of the camera shot when they saw themselves on the screen.

“The events of the past few days have received a level of media attention that few companies — let alone startups in our small corner of the data and AI world — ever encounter,” De Joy said.

“The spotlight has been unusual and surreal for our team, and, while I would never have wished for it to happen like this,” he added, “Astronomer is now a household name.”

DeJoy stepped into his new role at Astronomer, “a company that I’ve proudly poured my entire professional life into helping build,” over the weekend after Byron tendered his resignation.

On Monday, DeJoy seized the company’s current spotlight to highlight its true mission.

“Over the past few years, our business has experienced incredible growth. What was once a mission to help companies with Apache Airflow has turned into so much more,” DeJoy said.

“We’re privileged to sit at the center of our customers’ data and AI strategy, powering data pipelines behind in-game analytics of your favorite sports team, LLM powered chatbots for customer support, training AI for self-driving cars and every mission-critical process in between,” DeJoy continued in an attempt to steer attention away from the controversy.

Astronomer’s “mission is bigger than any one moment,” he said.

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As Gaza starves, GoFundMe accused of blocking ‘millions of dollars’ raised | Gaza News

GoFundMe has been accused of blocking “millions of dollars” of life-saving aid from reaching Gaza.

Charity leaders, activists and desperate Palestinians in Gaza have condemned the crowdfunding website for shutting down or blocking withdrawals for Palestine-related fundraising pages – and have accused bosses of having “blood on their hands”.

Despite questions from Al Jazeera, the company has not revealed the amount of money raised on its platform for Gaza that has been frozen in its system or has been refunded to donors.

But it has told Al Jazeera that more than $300m has been raised on the platform for both Palestinians and Israelis since Hamas’s October 7 attacks on Israel in 2023 and the beginning of Israel’s war on Gaza.

Hala Sabbah, the founder of mutual aid group The Sameer Project, said that in September, more than $250,000 of donations to her organisation was refunded.

The London-based NGO-sector worker described the closure of her GoFundMe page as a “disaster” for her group’s efforts to provide emergency aid in the enclave.

The Sameer Project runs a camp for displaced people in Deir el-Balah, providing healthcare and essentials to its residents – paid for by money that, until now, had been raised through GoFundMe, totalling more than $1m. It also funds food, water, shelter and clothing for people across Gaza.

Sabbah said she was “treated like scum” by GoFundMe, despite her group’s pages raising about $44,000 for it in transaction fees.

“Our GoFundMe page had daily updates with complete cost breakdowns of every single initiative we did – everything was well-documented, with receipts,” she said.

“This information – including all transfers – was forwarded to GoFundMe, yet they still chose to shut us down.”

GoFundMe notifies page organisers that there will be a “review” process after they launch fundraisers related to Palestine – or “the conflict in the Middle East”, as it is phrased by the company’s compliance team in emails seen by Al Jazeera. The company claims this is part of its “standard verification process”, but critics say it appears to inordinately restrict Gaza-related pages rather than those for other causes, such as Israel or Ukraine.

GoFundMe has refused to disclose figures that show how many Israel or Ukraine fundraisers have been closed compared with those for Gaza.

Intrusive reviews

Social media has been flooded with Palestinian advocates speaking out about their pages being shut down. Fundraisers for Israel and Ukraine appear to face little of the same scrutiny. And when they do, media campaigns can quickly force GoFundMe to act. One Ukraine fundraiser that was shut down in March 2022 was reinstated the next month after media coverage of the case.

The company’s long and intrusive review process often results in Gaza fundraisers being shut down and money refunded to donors or pages being “paused”, preventing funds from being accessed by account holders until the review is concluded.

One United States-based fundraiser for the Sulala animal shelter in Gaza says it had about $50,000 dollars refunded to donors when its first page was closed. The team behind the fundraiser then created another page without specifically mentioning Gaza or Palestine, which was not flagged by GoFundMe, placed under review or paused, and ran for months uninterrupted.

In the case of The Sameer Project, GoFundMe’s compliance team said it was concerned about how funds were being distributed, and said that the documentation Sabbah had provided was not “accurate, complete or clear”. An email to Sabbah added that there were “material discrepancies” between the information shared and how funds were distributed to beneficiaries.

Before shutting the page down, the compliance team asked for personal information about who was receiving funds, evidence of bank transfer statements and details about partner organisations, which Sabbah says The Sameer Project provided.

“We spent weeks fighting back, and they completely ignored us – even denying us access to our donor lists,” Sabbah told Al Jazeera.

“People can raise funds to help the Israeli military…  and their pages don’t get closed. But we try to raise money for diapers and lifesaving medication, and we get scrutinised and shut down.”

“We have children in our camp on the verge of death. The company has blood on its hands.”

The mutual aid group – named after Sabbah’s Gaza-based uncle who died in January – says it has provided more than 800,000 litres (211,330 gallons) of water, $100,000 in cash aid, 850 tents and medical treatment for 749 children across the enclave.

It transfers money to intermediaries via makeshift exchange sites and by sending money directly to doctors or pharmacies.

Crowdfunding websites have for months been one of the only feasible ways to help those trapped in Gaza.

Famine is creeping further into the enclave, humanitarian aid is being blocked for long periods, civilian infrastructure lies in ruin and banks and ATMs have either been destroyed or have halted operations.

Sabbah slammed GoFundMe for not justifying shutting her page down despite the huge amount of money the company made from the group’s pages in”payment processing fees”. It charges 30 cents per donation and a 2.9 percent cut of the total raised.

There are no banking services left in Gaza, but there are exchange offices – often people using POS (point of service) cash machines charging exorbitant interest rates – and the option to swap cryptocurrency for physical currency, amid critical shortages of the latter.

Without regular aid flowing into the enclave, most charities rely on sending money via these limited routes to intermediaries who will distribute essentials and medical supplies.

Some tinned food, tents and health products are on sale in Gaza markets. But cash is scarce, stocks are extremely limited, and most people cannot afford to pay. Since breaking the ceasefire agreement with Hamas brokered in January, Israel resumed bombing and re-established a blockade on humanitarian aid lasting months.

Now, aid is only reaching the enclave through the heavily criticised US-backed Gaza Humanitarian Foundation (GHF). Hundreds of desperate Palestinians have been shot and killed by Israeli forces at GHF aid collection sites.

‘Treated like animals’

Both still trapped in Gaza, Mostafa Abuthaher and his brother Yahya Fraij, aged 30, have twice created GoFundMe pages, and on both occasions, the company closed them down.

Yahya lost his home and three of his cousins to Israel’s onslaught, and now his family survives with only a makeshift tent near the beach in al-Mawasi in southern Gaza.

His wife gave birth to their six-month-old daughter during the war. Yahya told Al Jazeera that she has experienced nothing but suffering during her short life – and he has had to protect her from extreme cold and the trauma of Israeli bombardment.

“My daughter and I face death almost every day,” he said. “And now we have nothing – not even a tent. The war has taken everything from us.

“We’ve been treated like animals and insulted by the world for the last 20 months.”

The brothers had raised more than $12,000 to support their families until their first page was suddenly shut down. The company blocked them from withdrawing nearly $5,000.

In an email exchange with GoFundMe, a compliance officer said Mostafa’s page breached the company’s terms of service for “prohibited conduct”, which covers fundraisers that are “fraudulent, misleading, inaccurate, dishonest or impossible”.

He was asked to send a photo ID, provide his location and explain why his page description had changed so often and how the funds would be used. Then his page was closed, after which he expressed astonishment and accused the platform of bias.

The brothers say that many people in Gaza have set up GoFundMe pages because of the platform’s size and reputation, and then found themselves “trapped” once their pages began the often ill-fated verification process. Critics of GoFundMe say campaigns fundraising for Israel appear to be able to avoid similar interventions from its compliance team.

Other fundraisers on the website state they aim to raise funding for “equipment” that supports the Israeli military, or “training” and travel for new recruits.

A page raising money for gun sights and other equipment to “safeguard”  the Kishorit kibbutz in the north of Israel appeared to breach the website’s terms of service, but was active for nearly a year before no longer becoming accessible.

The terms of service prohibit fundraising for “weapons meant for use in conflict or by an armed group”.

Sabbah added that there is no guarantee that money from similar pages to fundraise for “equipment” or “security” won’t be used to buy weapons, at a time when the Israeli government is actively arming its citizens.

Double standards?

Al Jazeera sent several questions to GoFundMe, asking how many Gaza-related fundraisers there are, how much they had raised, the number listed as “transfers paused and the total removed or taken down. We also asked the company to provide like-for-like figures for Israel and Ukraine.

At the time of writing, GoFundMe refused to provide the specific information and data we requested. A spokesperson said: “GoFundMe has helped raise and deliver over $300m from donors in more than 215 countries and jurisdictions to support individuals and organisations helping those in both Gaza and Israel.

“Any suggestion of double standards is wholly without merit, baseless, and contrary to the values that guide our platform.

“Any decision to remove a fundraiser from the platform is never taken lightly and is informed explicitly by our Terms of Service. Taking action like this is difficult, but it protects our ability to support people who are fundraising to help others.”

Amr Shabaik, the legal director at the Council for American Islamic Relations (CAIR), told Al Jazeera that the fundamental issue with platforms like GoFundMe was the “imbalanced application of rules” – behaviour consistent with other forms of digital censorship since October 7.

“Algorithmic discrimination and targeting, looking for certain descriptors and categories – like Gaza or Palestine specifically in the last 18 months – means some pages are subjected to an unfair and high level of scrutiny that other fundraisers are not,” he said.

“All platforms have their rules and regulations, but they’re applying them disproportionately and unfairly towards Palestinians.”

“There is a clear indication of a double standard. If you are actively preventing lifesaving aid – intentionally or unintentionally -– from reaching Gaza, it’s tough to say you’re not supporting a genocide.”

Shabaik points to studies undertaken by Human Rights Watch (HRW), The Arab Centre for the Advancement of Social Media and Palestine Legal that detail platforms’ inordinate targeting of pro-Palestine pages or accounts.

HRW says that between October and November 2023, 1,049 pro-Palestinian posts on Facebook and Instagram were taken down by the platform’s owner, Meta. Palestine Legal says that between October 7 and December 31, 2023, the organisation received 1,037 requests for legal support from people “targeted for their Palestine advocacy”. The Arab Centre for the Advancement of Social Media documented more than 1,639 “censorship violations” in its 2023 annual report, including content removal and suspensions.

Last December, the Industrial Workers of the World (IWW) Freelance Journalists’ Union said that GoFundMe prevented $6,000 of funding from reaching the Palestinian Journalists’ Syndicate after its fundraiser was shut down. This is despite the organisation being based in Ramallah in the occupied West Bank, not in Gaza.

One union delegate, using the name “Arv” as he wanted to remain anonymous, told Al Jazeera the money would have provided protective helmets, press vests and other safety apparatus for journalists reporting in the territory. He added that GoFundMe said the fundraiser was shut down due to a lack of compliance with unspecified “laws and regulations”.

In December, a union spokesperson said on its Twitter page: “Over the course of the fundraiser, we received a dozen requests for further information from GoFundMe, all of which were answered as thoroughly and in as timely a manner as possible, given the ongoing war.”

Arv added that the union had been pushed to explore the use of other fundraising platforms because of the difficulty of working with GoFundMe.

“Current GoFundMe users should do the same before they too are caught in such Kafkaesque circumstances,” he said.

The GoFundMe compliance team asked for business information, such as bank accounts, and even after informing the union the information had been accepted, the page was still closed down.

GoFundMe boasts that it is the world’s number one crowdfunding platform, but it only allows fundraisers to be created in 20 nations (not including Israel, Ukraine or Palestine) – meaning people in Gaza are reliant on intermediaries thousands of miles away if they want to receive donations.

All those interviewed for this story and other campaigners have endorsed a boycott of the platform. Sabbah says she has since begun using the Australian crowdfunding website Chuffed, which reviewed her documentation and swiftly permitted her to withdraw, allowing her to continue her group’s work in Gaza.

The platform says it advocates on behalf of campaigners to sort out verification issues with its payment providers to prevent pages from being frozen or refunded.

Chuffed general manager Jennie Smith said: “We’ve been helping campaigners migrate from GoFundMe to Chuffed by the thousands over the last year and have seen firsthand the devastation the shutting down of their GoFundMe campaigns causes.”

Yahya described life for his family in his makeshift tent. He walks miles every day to get water and wraps up his baby daughter for the cold winter nights, fearing they may not wake up in the morning.

He says his family may have escaped the enclave if GoFundMe had allowed him to withdraw the money he raised.

“I try not to think about losing our money,” Yahya said. “If I kept thinking about how terrible everything is, I wouldn’t be alive now!

“But it makes you feel like everyone is conspiring against us. They are leaving us to die slowly.”

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Why Iran conflict has raised new questions about IAEA’s credibility | Israel-Iran conflict News

Israel launched an unprecedented strike on Iran’s military and nuclear sites on June 13, a day after the International Atomic Energy Agency (IAEA) board passed a resolution saying Tehran was not complying with its commitment to nuclear safeguards.

Though Israel did not use the United Nations nuclear watchdog’s resolution to justify the Iran attack, its Ministry of Foreign Affairs welcomed the IAEA resolution, calling it “a necessary and overdue step” that confirmed Iran’s “systematic clandestine nuclear weapons programme”.

Iran’s Ministry of Foreign Affairs and Atomic Energy Organization in a joint statement condemned the resolution, calling it “politically motivated”. The resolution, the joint statement said, “seriously undermines the credibility and integrity of the IAEA”.

Tehran insists its nuclear programme is for civilian purposes and that its facilities are monitored by the UN nuclear watchdog.

Here’s what the IAEA said about the Iranian nuclear programe earlier this month, and its criticisms against its past actions.

Did the IAEA think that Iran was building nuclear weapons?

The IAEA cannot fully assess Iran’s nuclear energy programmes, as Tehran halted its implementation of the Additional Protocol in February 2021, which permitted the IAEA enhanced inspection rights – including snap inspections and continuous surveillance.

Iran continued to comply with IAEA’s Comprehensive Safeguards Agreement after 2021, which permitted access to Iran’s declared nuclear sites (Natanz, Fordow, Bushehr) and also allowed for routine monitoring and verification of declared nuclear material.

At a press event in Vienna on June 9, however, IAEA Director-General Rafael Grossi said Iran’s recent failure to comply with reporting obligations had “led to a significant reduction in the agency’s ability to verify whether Iran’s nuclear programme is entirely peaceful”.

During the IAEA’s Board of Governors meeting (which took place from June 9-13), Grossi said Iran had “repeatedly either not answered… the agency’s questions” regarding the presence of man-made uranium particles at three locations – Varamin, Marivan and Turquzabad.

Grossi also described Iran’s “rapid accumulation of highly-enriched uranium” as a “serious concern”, referring to the 60 percent pure uranium enrichment facilities at Fordow and Natanz.

In 2023, the IAEA had discovered 83.7 percent pure uranium particles at Fordow – close to the 90 percent purity required to make an atomic bomb.

On June 12, one day before Israel’s attacks on Iran’s nuclear facilities, the IAEA board passed a resolution declaring that Tehran was breaching its non-proliferation obligations.

Al Jazeera’s Hashem Ahelbarra, reporting from Vienna on June 12, noted it was the first time in almost 20 years that the IAEA, which monitors Iran’s nuclear programme, had accused Tehran of breaching its non-proliferation obligations.

Last week, however, Grossi emphasised that the IAEA had found no evidence of Iranian nuclear weapons production.

In an interview with Al Jazeera on June 19, Grossi was emphatic that Iran’s alleged violations of its assurances had not led his agency to conclude that Tehran was building bombs.

“We have not seen elements to allow us, as inspectors, to affirm that there was a nuclear weapon that was being manufactured or produced somewhere in Iran,” he said.

United States Vice President JD Vance invoked the IAEA resolution to make a case for the military action against Iran.

“They’ve been found in violation of their non-proliferation obligations by the International Atomic Energy Agency (IAEA), which is hardly a rightwing organization,” he posted on X on June 17.

The US president ordered his military to bomb three Iranian sites on June 22 – a decision welcomed by Israeli Prime Minister Benjamin Netanyahu, who has been making claims for decades that Iran was on the cusp of making nuclear weapons.

Trump has claimed that the nuclear sites have been “obliterated” and Iran’s nuclear programme has been set back by decades.

How has Iran responded?

On June 23, the national security committee of Iran’s parliament approved the outline of a bill designed to suspend Tehran’s cooperation with the UN nuclear watchdog, committee spokesperson Ebrahim Rezaei told the Tasnim news agency.

Rezaei said that, according to the bill, installing surveillance cameras, allowing inspections, and submitting reports to the IAEA would be suspended as long as the security of nuclear facilities is not guaranteed. Iran joined the IAEA in 1959.

In particular, Rezaei said Iran asserts its right, as a 1968 signatory to the UN’s nuclear Non-Proliferation Treaty (NPT), to develop nuclear technology for peaceful purposes, including uranium enrichment.

Parliament still has to approve the NPT withdrawal bill in a plenary.

Tehran has long complained that the treaty fails to protect it from attack by a country with a nuclear arsenal, the US, and another widely believed to have one, Israel.

What’s more, Iranian authorities have claimed Grossi is looking to become the next secretary-general of the UN, and is therefore sacrificing the nuclear watchdog’s integrity by adopting pro-Western rhetoric to gain personal favour.

On June 1, the head of Iran’s Atomic Energy Organization, Mohammad Eslami, told state TV: “Rafael Grossi [is] driven by his ambitions and a strong desire to become the UN secretary-general, is seeking to gain the approval of a few specific countries and align himself with their goals.”

Did the IAEA skirt controversy over the Fukushima disaster?

In June 2023, the Japanese government started releasing treated, but still radioactive, water from the ruined Fukushima Daiichi nuclear power station into the Pacific Ocean.

The IAEA gave the controversial plan the green light following a two-year review.

At the time, Grossi said the agency’s safety review had concluded the plan was “consistent with relevant international safety standards… [and] the controlled, gradual discharges of the treated water to the sea would have a negligible radiological impact on people and the environment”.

More than 1.3 million tonnes of water had built up at the Fukushima plant since a March 2011 tsunami destroyed the power station’s electricity and cooling systems and triggered the world’s worst nuclear disaster since Chornobyl.

The release of the water, which began in August 2023, encountered fierce resistance from Japan’s neighbours and Pacific island nations as well as fishing and agricultural communities in and around Fukushima, which fear for their livelihoods.

Beijing, in particular, was a fierce critic of the water discharge plan. In a statement following the IAEA’s July 2023 report, China’s Ministry of Foreign Affairs chastised its “hasty release”, claiming it “failed to fully reflect views from experts”.

Are there echoes of Iraq in the current debate about Iran?

To several observers, there are.

In the lead-up to the 2003 US invasion of Iraq, the US and the United Kingdom asserted that Iraq possessed Weapons of Mass Destruction (WMDs), including chemical weapons, in addition to pursuing a nuclear weapons programme.

These claims were central in justifying military action under the argument that Iraq posed an imminent threat to regional and global security.

Towards the end of 2002, the IAEA carried out several inspections of Iraqi weapons programmes.

In early 2003, they established the existence of high-tolerance aluminium tubes in Iraq. In theory, these can be used to enrich uranium for use in a nuclear warhead.

The aluminium tubes became a cornerstone in the Bush administration’s Iraq mandate. As the only physical evidence the US could brandish, they gave credibility to the apocalyptic imagery invoked by President George W Bush and his advisers.

The tubes were “only really suited for nuclear weapons programmes”, Condoleezza Rice, the US national security adviser, explained on CNN on September 8, 2002. “We don’t want the smoking gun to be a mushroom cloud.”

For its part, the IAEA refuted the theory that the tubes were destined for use in a nuclear programme. And after the invasion, extensive searches found no active WMD programmes in Iraq.

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Soccer Aid: Big Zuu and Carlos Tevez help World XI to victory as £15m raised for Unicef

Big Zuu scored the winner as a Carlos Tevez-inspired World XI beat England in front of a sellout Old Trafford crowd for Soccer Aid.

In the 14th edition of the annual charity football match between England and a World XI – which mixes celebrities and former footballers – the World XI won 5-4, as £15m was raised for children’s charity Unicef.

They had trailed 3-0 in the second half but turned things around thanks to four goals from former Manchester United and Manchester City striker Carlos Tevez.

All four of England’s goalscorers were former England international strikers, with ex-Tottenham player Jermain Defoe getting a double after former Manchester United star Wayne Rooney and Toni Duggan – who played for clubs including Manchester City and Barcelona – had put England 2-0 up.

Among plenty of former football talents, the two sides featured the likes of former One Direction singer Louis Tomlinson, YouTuber Angry Ginge, Diamond from Gladiator, comedian Richard Gadd, Olympic gold medallist Sir Mo Farah and The Last Of Us star Bella Ramsey.

And while pop star Tomlinson was roundly cheered whenever he touched the ball, the plaudits went to England’s Angry Ginge.

He was named player of the match for a defensive display which included a goal-saving clearance to deny Brazil legend Rivaldo, and some on social media jokingly called for Manchester United to sign him after their poor season in the Premier League.

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Solaxy Presale Enters Final 5 Days With $47M Raised – Best Crypto to Buy Now?

Traders admire Solana for its lightning-fast speeds and low fees, but the new layer 2 blockchain Solaxy ($SOLX) takes its transactional capabilities to new heights.

The project is currently undergoing a presale, having raised a staggering $47 million to date. This doesn’t just make Solaxy one of the biggest presales of 2025; it makes it the biggest ICO to ever take place on Solana.

Investors are going all-in on Solaxy – and it’s no surprise. The project’s presale is set to end in just five days, after which $SOLX will be listed on exchanges. According to expert analysts, the exchange launch could yield 10x gains.

The current $SOLX presale price is $0.001752, but this fixed price will end with the presale. As such, prospective buyers must act now or risk paying a much higher price once it lists on exchanges.

Solaxy capitalizes on the untapped potential of Solana layer 2s.

Solaxy has a first-mover advantage as the first Solana layer 2 blockchain. While Solana is known for its scalability, it continues to face congestion issues during periods of peak network activity. This results in longer wait times and higher rates of transaction failures, which dampen the user experience and can even cost users a lot of money due to missed opportunities.

Solaxy’s goal is to tackle Solana’s congestion issue. It will use off-chain computation and transaction bundling technology, striving to accommodate up to 10,000 transactions per second (TPS). In comparison, Solana can compute 6,500 transactions per second.

This means Solaxy will be cheaper, faster, and more reliable than Solana.

Unsurprisingly, this is creating vast excitement. Solana currently holds a market capitalization of $86 billion; Solaxy’s presale raise pales in comparison. It’s a setup that hints at major growth potential.

And as the only Solana layer 2, Solaxy has the potential to capture a substantial market share.

According to Token Terminal data, Solana has counted 105 million users in the past month. So considering Solaxy’s transactional advantages, there is every reason to believe that it will attract millions of users. And if that happens, the $SOLX price could skyrocket.

Despite the project still undergoing a presale, leading industry analysts have already weighed in on its potential – and the outlook is promising.

For example, Jacob Bury backed the project for 10x gains in a recent YouTube video. But he underlined that the presale ending soon, so the window to secure such returns is quickly closing.

Pump.fun with lower fees – that’s Igniter Protocol

Meme coin launchpad Pump.fun famously generated over $700 million in revenue since 2024. The platform allows degens to create their own meme coins with just a couple of clicks and for a couple of dollars. It made headlines again last week for planning a native token sale, aiming to raise $1 billion at a valuation of $4 billion.

Solaxy is creating its own version of Pump.fun called Igniter Protocol. Built into the Solaxy core, it’ll be cheaper and faster than Pump.fun. This makes it the ideal place for meme coin trading.

And that’s just one component of the Solaxyverse. There is also the native Solaxy DEX, which allows users to trade any token on the network seamlessly.

Then, there is the new Hyperlane-powered bridge. The bridge connects Solaxy to both the Solana and Ethereum blockchains, allowing users to transfer assets from the world’s leading ecosystems directly to their Solaxy account.

Hyperlane is renowned as one of the most trusted and robust blockchain bridges, having successfully bridged over $5 billion in digital assets. Solaxy’s Hyperlane integration is a testament to the project’s security-first approach.

How to buy $SOLX before presale ends

If Solaxy achieves its goal, it’ll change the way users interact with Solana. It’s rare for a project to hold such an ambitious use case, and also be available to buy at a ground-floor price.

However, the opportunity is running thin with just five days until the presale ends.

To join the Solaxy presale, visit the project’s website, connect your wallet, choose the amount of $SOLX you want to buy, and the crypto you want to pay with. The presale accepts payments on both the Ethereum and Solana blockchains, and users can also buy $SOLX using bank cards.

Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.

Visit Solaxy Presale

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.



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