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Funding

All articles tagged with #funding

Trump's Freedom Fuel: Cheap Gas With Funding Details Still Unclear
politics1 day ago

Trump's Freedom Fuel: Cheap Gas With Funding Details Still Unclear

Trump is promoting 25 Freedom Fuel gas stations around Philadelphia and southern New Jersey selling gas for about $3.48/gal, well below market prices. Details on how the program is funded or operated haven’t been made public, and CNN hasn’t confirmed all openings. The White House says the network is privately funded with no government subsidies, while station owners set their own prices and experts doubt the discounts are financially sustainable. Drivers are saving money, but nearby independents say they can’t compete if the price cuts continue.

Appeals Court Denies Stay in Kennedy Center Trump-Name Dispute
politics1 day ago

Appeals Court Denies Stay in Kennedy Center Trump-Name Dispute

A federal appeals court denied a request to pause a lower-court order requiring the Kennedy Center to remove Donald Trump’s name from its facade, saying the center did not substantiate claims that keeping the name would protect donors or harm funding; with the name already removed and a tarp covering the front, the case remains on appeal as the center weighs renovation options.

Blue Origin Targets $10B Funding Round at $130B Valuation to Accelerate Space Rivalry
business2 days ago

Blue Origin Targets $10B Funding Round at $130B Valuation to Accelerate Space Rivalry

Blue Origin is raising $10 billion from external investors at a $130 billion pre-money valuation, led by Coatue with a $2 billion contribution from Jeff Bezos. This marks the company’s first external funding and aims to accelerate growth as it competes with SpaceX, which has far more launches and recently went public with a multi-trillion-dollar valuation.

SpaceX slips below IPO price as Blue Origin secures fresh funding
business2 days ago

SpaceX slips below IPO price as Blue Origin secures fresh funding

SpaceX stock SPCX hit an all-time low, briefly trading below its $150 IPO price as rival Blue Origin raises about $10 billion at a $130 billion valuation, signaling diverging momentum in the space sector: Nasdaq-100 inclusion may already be priced in for SpaceX, while Blue Origin draws new outside capital despite a New Glenn rocket setback and signals ambitions in satellite connectivity (TeraWave) alongside broader Amazon LEO plans that could compete with Starlink.

Airwallex bets on AI-led finance with $320M round at $11B
business15 days ago

Airwallex bets on AI-led finance with $320M round at $11B

Airwallex raised $320 million in a Series H at an $11 billion valuation to push AI-native finance, unveiling T:0 (AI-driven finance automation) and Airi (agentic consumer wallet); revenue rose 74% to $1.3 billion and annualized transaction volume more than doubled, with over 90% of revenue from customers using multiple Airwallex products and more than 85 licenses globally to support expansion. The round, led by Addition, also signals a push into autonomous finance and agentic commerce, even as the company faces scrutiny over ties to China; management hints IPO timing could slip due to AI-margin volatility.

Portland Mayor Targets Civic Tech Critic in Moda Center Funding Clash
local-politics15 days ago

Portland Mayor Targets Civic Tech Critic in Moda Center Funding Clash

Portland Mayor Keith Wilson used a pointed newsletter to defend a $600 million Moda Center renovation while labeling a data-analyst critic as an opportunist, as critics push for more transparency and a stronger funding plan; the city weighs about $120 million in public costs against ownership contributions, with terms due by mid-August and a long-term lease by year’s end.

Virginia court keeps challenge to DOJ’s $1.8B anti-weaponization fund alive
politics15 days ago

Virginia court keeps challenge to DOJ’s $1.8B anti-weaponization fund alive

A federal judge in Virginia ruled that the lawsuit challenging the DOJ’s creation of a $1.8 billion “anti-weaponization” fund will proceed, saying the suit isn’t moot because the DOJ won’t confirm in writing that the fund is dead. The fund was created during a Trump-IRS settlement and has faced criticism as a potential slush fund for allies and victims of “weaponization” and lawfare. DOJ argues written declarations are unnecessary, while the judge ordered a formal answer by July 17. Plaintiffs include a former federal prosecutor, a professor, and the city of New Haven.

White House seeks $87.6B for Iran-war costs, faces congressional headwinds
world16 days ago

White House seeks $87.6B for Iran-war costs, faces congressional headwinds

The White House has asked Congress for about $87.6 billion, largely to cover urgent needs tied to the US war on Iran—about $67 billion for the Defense Department (munitions, operations, and classified programs) plus roughly $11 billion for farmers and $1.4 billion for Ebola relief. The request, tied to Operation Epic Fury, faces a difficult path in Congress as midterm politics loom and resistance to the Iran action grows. Officials say funds are needed to rebuild stockpiles and bolster embassy security.

IOC launches $10K-per-Games grant to back Olympians' careers
sports16 days ago

IOC launches $10K-per-Games grant to back Olympians' careers

The International Olympic Committee unveiled the Fit for the Future Olympian grant, offering $10,000 for each Olympic Games an athlete competes in (funded from a $140 million-per-Games pool), with about 14,000 eligible athletes. Grants are distributed through National Olympic Committees, do not decrease existing IOC support, and require athletes to hold Olympic accreditation and meet anti-doping/ethics standards; Youth Olympic Games participants are ineligible. Applications for 2026 Olympians open later this year, with first payments in 2027. The move is part of broader IOC reforms, alongside charter updates and discipline-level evaluation for Brisbane 2032.

Activists rally to shield HIV funding from sweeping cuts
health18 days ago

Activists rally to shield HIV funding from sweeping cuts

Activists across generations gathered near Stonewall Inn for a die-in and protest against proposed federal cuts to HIV funding, including Medicaid work requirements, the Ryan White program, and CDC prevention. They warn that interruptions in health coverage and treatment could endanger viral suppression for millions, threaten testing and care, and jeopardize global efforts like Pepfar amid moves to dissolve USAID and tighten NIH HIV research funding. The campaign combines lobbying, legal challenges, and direct action to pressure Congress and states to protect HIV programs and research funding.