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Blackstone-backed Liftoff files for US IPO

Liftoff, a mobile app marketing provider backed by Blackstone, filed for an initial public offering in the United States on Friday.In February, Liftoff had postponed its planned IPO amid a selloff in software and IT-linked stocks, as investors feared disruptions from GenAI offerings such as Anthropic's Claude Cowork.The company had aimed to raise up to $762 million at a valuation of about $5.17 billion in the earlier offering.Private equity firms are expected to step up dealmaking activity in 2026, as exits remain slow and holding periods are extended, pressuring them to return more cash to i

US approves potential $11.9 billion sale of integrated combat system to Germany

Anthropic CEO Dario Amodei arrives at White House for talks

Business|Economy|Finance|Stock Markets|Technology

Nvidia rival Cerebras reveals US IPO filing as AI boom drives listings

AI chipmaker Cerebras Systems disclosed its filing for a U.S. initial public offering on Friday, bringing the Nvidia rival closer to the public markets as optimism builds around a broader revival in the listings market.The company, which develops high-performance processors for artificial intelligence workloads, withdrew its earlier IPO filing in October, days after raising more than $1 billion in a funding round that valued it at $8 billion.The IPO market is regaining momentum after a brief slowdown in March, when volatility driven by geopolitical tensions and a selloff in technology stocks

Mythos a serious threat but more will follow, Barclays CEO says

US Fed has told big banks not to push back aggressively on new capital rules

Justice Department targets leading US egg producers in antitrust case, WSJ reports

The U.S. Justice Department is preparing an antitrust suit against some of the major egg producers, including Cal-Maine Foods and Versova, over alleged price coordination, the Wall Street Journal said on Friday, citing people familiar with the matter. Shares of Cal-Maine Foods were down nearly 5% in extended trading following the news.The lawsuit claims the egg producers coordinated using an industry price-benchmarking service, according to the report.Cal-Maine and privately held Versova did not immediately respond to Reuters requests for comment. (Reporting by Anuja Bharat Mistry in Bengalu

Spirit Airlines seeks government funding amid rising oil prices, Air Current reports

Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly

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Environment|Science|Travel|US

1 million bees make for bumper-to-buzzer traffic on a Tennessee highway ramp

Travelers on an East Tennessee interstate were forced to brake for workers — and drones, perhaps even a queen — when a truck carrying about 1 million bees crashed Friday. The swarm shut down an exit of Interstate 40 in Knoxville, said Mark Nagi, Tennessee Department of Transportation regional spokesperson. There were no injuries, he said. “The ramp from I-40 East to Henley Street is back open but the truck is destroyed and the bees are… well… buzzing," Nagi posted, along with a photo of a person in beekeeper garb. "Unless you are dressed in this outfit pl

Oil settles down 9% after Iran declares Strait of Hormuz open

Oil prices settled down by around 9% on Friday after Iran said passage for all commercial vessels through the Strait of Hormuz was open for the remaining ceasefire period and U.S. President Donald Trump said Iran has agreed to never close the strait again. Brent crude futures settled down $9.01, or 9.07%, to $90.38 a barrel, after falling to a session low of $86.09. U.S. West Texas Intermediate crude futures settled down $10.48, or 11.45%, at $83.85 a barrel, after touching a low of $80.56.Both contracts made their largest daily declines since April 8. All ships can sail through the Strait

Pro-Palestinian Tufts University graduate targeted by Trump administration returns to Turkey

A DHS worker who just ran her first marathon and the mother of a pre-teen were killed in attacks spanning 3 Atlanta suburbs

Crime|Political|US

Exclusive: Justice Department removes lead prosecutor from probe of Trump critic John Brennan

The Justice Department has removed the career Miami federal prosecutor leading the investigation into John Brennan, after she resisted pressure to quickly bring charges against the former CIA director and prominent critic of President Donald Trump, according to people briefed on the matter.Maria Medetis Long on Friday notified attorneys representing people involved in the case that she was no longer handling the investigation, the people familiar with the matter said. She has led the politically sensitive probe for months amid demands from Trump to prosecute Brennan and other critics.The inves

The Supreme Court hands a win to oil and gas companies fighting environmental lawsuits in Louisiana

The Supreme Court handed a win Friday to oil and gas companies fighting lawsuits over coastal land loss and environmental degradation in Louisiana. The unanimous procedural decision gives the companies a new day in federal court after a state jury ordered Chevron to pay upward of $740 million to clean up damage to the state’s coastline, one of multiple similar lawsuits. Backed by the Trump administration, the companies said the work in Louisiana started as an effort to quickly increase the supply of aviation gasoline for the U.S. government during World War II an

QVC’s parent company files for bankruptcy

Defense team in Charlie Kirk murder trial says courtroom cameras are unfairly tilting case

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UK's Starmer pleads ignorance over Mandelson, resists pressure to resign

Prime Minister Keir Starmer, under renewed pressure to resign, expressed anger on Friday over not being informed that his former ambassador to the United States, Peter Mandelson, had failed security vetting before being handed the job.Starmer, who won the largest majority in modern history for Labour at a national election in 2024, is facing fresh calls to step down over the Mandelson affair, just three weeks before his party is expected to suffer big losses in local elections in England and regional votes in Scotland and Wales.Following the sacking of Labour veteran Mandelson as ambassador

Business|Economy|World

Trump administration considers unfreezing $20 billion in Iranian assets — after lambasting Obama for a similar move

The Trump administration is considering unfreezing $20 billion in Iranian assets as part of ongoing negotiations with Tehran, according to two sources familiar with the discussions.Officials are hoping that a broader deal to end the war could be finalized as early as this weekend, though some areas of disagreement remain, sources familiar with the discussions told CNN.The idea of Iran benefitting financially is likely to cause some consternation among conservative hawks; President Donald Trump has repeatedly excoriated former President Barack Obama over a 2016 arrangement that involved a $400

New German search engine lets people check whether their relatives were Nazis

Oil drops, stocks soar to wrap up a wild week. What just happened in markets?

Political|World

What's in the Lebanon ceasefire deal and will it hold?

Israel and Lebanon have agreed to a U.S.-backed ceasefire in fighting between Israel and Iran-backed Hezbollah, a deal meant to enable broader U.S.-Iran negotiations but one that will see Israeli forces maintain positions deep inside southern Lebanon. WHAT DOES THE DEAL SAY? Israel and Lebanon agreed to implement a "cessation of hostilities" on April 16 at 2100 GMT for an initial period of 10 days to enable peace negotiations between the two countries, according to a text of the deal released by the State Department.The deal says Lebanon's government, with international support, would take "m

Oil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of Hormuz

Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide. The S&P 500 leaped 1.2% to an all-time high and closed out a third straight week of big gains, its longest streak since Halloween. A freer flow of oil could take pressure off prices not only for gasoline but also for groceries and all kinds of other products that get moved by vehicles. It could even ultimately help pe