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Shares of Circle Internet Group soared 168% on Thursday after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.The stock opened at $69 on the New York Stock Exchange after its IPO priced at $31. At one point, shares traded as high as $103.75.The New York-based company priced its IPO late Wednesday far above this week’s expected range of $27 to $28, and an initial range last week of between $24 and $26, valuing the company at some $6.8 billion before trading began.Trading volume by the end of the session was about 46…

An ex-Arsenal academy footballer has been jailed for four years for his involvement in a £600,000 drug smuggling plot after a court heard his financial difficulties after a period out of contract led to a “catastrophic error of judgment”.Jay Emmanuel-Thomas was arrested after officers from the National Crime Agency seized an estimated £600,000 of cannabis as it was being brought through Stansted Airport by two women he had recruited – his girlfriend and her friend.An earlier hearing at Chelmsford Crown Court in Essex was told the women believed they were importing gold.But Border Force officers detected roughly 60kg (132lb) of…

DETROIT — Stellantis said Thursday it is resurrecting its popular V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer.The company discontinued the 5.7-liter engine amid tightening fuel economy regulations and a companywide push toward electric vehicles and more efficient engines last year under ex-Stellantis CEO Carlos Tavares.Ram CEO Tim Kuniskis, who unretired from the automaker late last year, admitted the decision to cancel the Hemi engine for its popular consumer-focused Ram 1500 was a mistake.”Everyone makes mistakes, but how you handle them defines you. Ram screwed up when we dropped the Hemi — we own it…

During their last year of completing work for doctoral degrees in physiology, twin sisters Michal Mor and Merav Mor started to compete in Ironman triathlon races. The demand for peak fitness led them to the realize the importance of understanding personal metabolism, and the lack of data being collected on it through devices accessible to consumers.That’s how their health tech startup Lumen’s first prototype was created. Initially, the sisters had no plans to turn it into a business. In the earliest days of the hand-held device iteration — which measures metabolic data points in a single breath, in under a…

Scott Kelly, the former NASA astronaut famous for his “year in space,” was at the Ispace watch party in Washington, DC, on Thursday. In an interview with CNN, he said he stopped by to support his friend and fellow NASA astronaut corps alumnus Ron Garan, the company’s chairman. “What (Ispace) is doing is really exciting. But space is hard, and the mood is harder, and like Ron was saying, they met a lot of their objectives so far, which is great,” Kelly said. He also responded to questions about the space policy furor unfolding on Capital Hill. President Donald Trump…

CNN  —  Aaron Rodgers is set to become the Pittsburgh Steelers’ starting quarterback this upcoming season, according to NFL Network’s Tom Pelissero and ESPN’s Adam Schefter. Pelissero reports the 41-year-old QB has told the team that he will fly to Pittsburgh later this week to finalize a deal with the intention to start practicing with the Steelers next week. The NFL team begins its annual mandatory minicamp on Tuesday. CNN has reached out to the team and Rodgers’ agent for comment. The deal would put an end to months of speculation surrounding the landing place for the Super Bowl XLV…

Washington/Hong Kong CNN  —  President Donald Trump emerged Thursday from a long-awaited 90-minute telephone call with Chinese leader Xi Jinping encouraged that ongoing trade tensions could soon be resolved. Calling the conversation “very good,” Trump said in a social media post after the call that follow-up talks would soon be arranged with his economic team, and that he and Xi had invited each other to visit each other’s respective nations. Trump said the call focused almost entirely on trade, without touching on other geopolitical issues like Iran and Ukraine. The call “resulted in a very positive conclusion for both Countries,”…

Jeff KassoufJun 5, 2025, 12:19 PM ETCloseJeff Kassouf covers women’s soccer for ESPN, focusing on the USWNT and NWSL. In 2009, he founded The Equalizer, a women’s soccer news outlet, and he previously won a Sports Emmy at NBC Sports and Olympics.The NWSL announced on Thursday that it will now allow intraleague loans for all teams, and that Boston and Denver franchises will have access to significantly more money to build their initial rosters as the first expansion teams to join the league since the new collective bargaining agreement eliminated drafts.”I think it’s fair to say that we are trying…

This satellite image from Planet Labs PBC shows what appears to be a sunken Chinese submarine at a shipyard near Wuhan, China, on June 15, 2024.Planet Labs PBC via APShares of satellite imagery company Planet Labs soared more than 50% during Thursday’s trading session on the back of its strong first-quarter earnings report.The company on Wednesday posted its first-ever quarter of positive free cash flow, coming in at $8.0 million. Planet Labs also exceeded quarterly estimates on top and bottom lines, reporting record revenue for the period.Stock Chart IconStock chart iconPlanet Labs’ performance over the past dayPlanet Labs posted breakeven…

The alliance between President Donald Trump and Tesla CEO Elon Musk dramatically fractured Thursday over the president’s major tax bill, which is pending in the Senate.Trump called Musk “crazy,” and threatened to cut off government contracts with the mega-billionaire’s companies, which in addition to Tesla include the space exploration company SpaceX and the artificial intelligence company xAI.Tesla’s stock price plunged after Trump’s comments and Musk said SpaceX would begin decommissioning its Dragon spacecraft “immediately” because of Trump’s threats.Trump said that Musk — who until recently was one of his top advisors — opposes the budget package because he is “upset”…