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According to Yonhap News Agency, Samsung Electronics Chairman Lee Jae-yong expressed his deepest apologies for the public concerns caused by internal issues.On May 16th, media outlets reported that SpaceX proposed one of the most radical corporate governance proposals in US history, ensuring Musk wouldnt be fired and offering a trillion-dollar compensation package related to establishing a colony on Mars. In response, Musk stated on social media: "Yes, I need to make sure SpaceX focuses on achieving humanitys transformation into a multiplanetary species and extending consciousness to the stars, not on catering to certain peoples quarterly bonuses. If SpaceX succeeds in achieving this incredibly difficult goal, its value will far exceed the entire global economy by orders of magnitude. This process shouldnt be expected to be smooth sailing."May 16 – The government of the Democratic Republic of Congo (DRC) issued a statement on May 15 saying that the death toll from a new Ebola outbreak in Ituri province in eastern Congo has risen to 80. The DRC Ministry of Health stated that as of that day, a total of 246 suspected cases and 80 deaths had been reported nationwide, with four deaths confirmed by Ebola virus testing. The statement said the DRC National Institute of Biomedical Research confirmed that the outbreak was caused by the Bundibugyo strain of Ebola virus. The first suspected case was a nurse who died in April after receiving treatment at a medical facility in Ituri province. The patient had symptoms including fever, bleeding, vomiting, and severe fatigue.On May 16th, Berkshire Hathaway released its first-quarter holdings report (13F). Berkshire increased its holdings in Alphabet (GOOGL.O), The New York Times, and other stocks in the first quarter. Alphabet saw an increase of over 36 million shares, raising its stake from 2.04% to 5.93%. It completely sold off its holdings in Amazon (AMZN.O), Visa (VN), Mastercard (MA.N), and UnitedHealth Group (UNH.N). It reduced its holdings in Chevron (CVX.N) and Bank of America (BAC.N). It established a position in Delta Air Lines (DAL.N), purchasing 39.8 million shares, with a market value of approximately $2.65 billion. Its holding in Apple (AAPL.O) remained unchanged, ending three consecutive quarters of reductions; Apple remains its largest holding. Overall, Berkshires holdings in US stocks were valued at $26.3 billion as of the first quarter, compared to $27.4 billion in the previous quarter. During the quarter, the company bought approximately $16 billion worth of stocks and sold approximately $24 billion worth, resulting in a net sale of approximately $8.15 billion. The number of stocks held plummeted from 42 to 29, indicating a significant increase in market concentration.On May 16th, Bridgewater Associates, the worlds largest hedge fund, released its Q1 2023 13F report on its US stock holdings as of the end of March. The report shows that Bridgewater established new positions in 214 stocks, increased its holdings in 292 stocks, liquidated 261 stocks, and reduced its holdings in 487 stocks during the first quarter. Bridgewater significantly increased its holdings in chip stocks such as Nvidia (NVDA.O), Broadcom (AVGO.O), and Micron Technology (MU.O) during the first quarter, while liquidating its holdings in enterprise software stocks such as Salesforce (CRM.N) and ServiceNow (NOW.N), and reducing its holdings in Adobe (ADBE.O). As of the end of Q1, Bridgewaters US stock holdings were valued at $22.4 billion, compared to $27.4 billion in the previous quarter. Specifically, Bridgewater increased its holdings in Nvidia by 827,800 shares, raising its stake from 2.63% at the end of last year to 3.65%; it increased its holdings in Broadcom by 670,000 shares, raising its stake from 1.47% to 2.54%; and it increased its holdings in Micron Technology by 586,000 shares, raising its stake from 0.93% to 2.23%. In addition, Bridgewater initiated its first position in TSMC with 1.077 million shares, which accounted for 1.62% of its portfolio as of the end of the first quarter.

On the eve of the launch of the Artemis mission, NASA readies its mega-moon rocket for liftoff

Charlie Brooks

Aug 29, 2022 10:59

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NASA's massive next-generation rocket is planned to launch on its first test flight on Monday, marking the start of the agency's Artemis moon-to-Mars program fifty years after the Apollo program's termination. The Kennedy Space Center in Florida spent the final full day prior to the launch on preparations.


NASA officials confirmed on Sunday that all systems seemed to be "go" for launch, and weather forecasts anticipated an 80% chance of favorable conditions for the start of Monday's two-hour launch window, commencing at 8:33 a.m. EDT (12:33 GMT) and reducing to 60% by the end.


The senior NASA test director for the historic Artemis I mission, Jeff Spaulding, commented, "From a vehicle standpoint, everything to date looks good." "We are ecstatic, since the vehicle is now complete and looks great."


Although lightning rods were damaged at the launch site during a storm on Saturday, Spaulding stated that "nothing on the ground systems gives us cause for concern." NASA said that neither the spacecraft nor the launch facilities sustained any damage.


The Space Launch System (SLS) rocket is scheduled to propel an unmanned Orion capsule around the moon and back on a six-week test mission before the 2024 launch of humans. The SLS-Orion combination is the centerpiece of NASA's successor to the Apollo lunar program of the 1960s and 1970s.


NASA hopes to return astronauts to the moon, including the first woman to set foot on the lunar surface, as early as 2025 if these two missions are successful, although many observers believe this schedule is likely to be delayed by a few years. The final humans to walk on the moon were the two-person descent team of Apollo 17 in 1972, after ten astronauts on five previous missions beginning with Apollo 11 in 1969.


NASA officials predict that it will take at least until the late 2030s to achieve the Artemis program's objective of creating a permanent lunar colony as a stepping stone for even more ambitious astronaut missions to Mars.


SLS has been in development for about a decade, during which time there have been multiple years of delays and cost hikes. Nevertheless, the Artemis program has also generated tens of thousands of jobs and billions of dollars in economic activity through its primary contractors Boeing (NYSE:BA) Co for SLS and Lockheed Martin Corp (NYSE:LMT) for Orion.


During a launch-eve news conference, Spaulding informed reporters that he did not anticipate any technical hurdles to the countdown. NASA officials were concerned on Sunday about a potential, if slight, helium leak in launch pad equipment, but he did not foresee any technical obstacles to the launch.


Remember that this is a test flight, NASA administrator Bill Nelson told Reuters during an interview that was abruptly cut short by a phone call from the U.S. Vice President Kamala Harris, who will be in Florida to see the rocket launch in person.


"She is ecstatic!" Nelson stated after the call ended.