Elon Musk plans to complete his $44B acquisition of Twitter by Friday. During a video call with his advisors, the billionaire said he wants to close the deal this week, potentially ending a turbulent acquisition process that has continued for several months. More: - Musk's lawyers have sent legal documents to the equity investors backing the deal, according to a Financial Times report citing people familiar with the matter.
- Musk raised $13B from a group of banks and at least $7B from equity investors to finance his acquisition of Twitter.
More: - Musk agreed to purchase Twitter for $54.20 per share on April 25.
- On July 9, Musk withdrew his bid on the grounds that Twitter had provided "misleading representations" about the number of fake accounts on the platform.
- Twitter accused Musk of using pretexts to avoid honoring his contractual obligations and filed a lawsuit in an effort to force him to proceed with the deal.
- Judge Kathleen McCormick of the Delaware Court of Chancery stayed further legal action until Oct. 28, after Musk said on Oct. 3 that he plans to proceed with the acquisition.
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A teacher and a 15-year-old student were killed during a shooting at a St. Louis high school on Monday. The gunman, 19-year-old Orlando Harris, had over 600 rounds of ammunition, said Police Commissioner Michael Sack on Tuesday. More: - Seven students were injured and one was killed after Harris, who was armed with an AR-15-style rifle, opened fire at Central Visual and Performing Arts High School in St. Louis, Missouri on Monday morning.
- Police officers, some of whom were off duty, responded to reports of an active shooter and killed the gunman.
- Harris left a handwritten note in his car offering an explanation for his actions, which cited loneliness and unhappiness.
- "This could have been much worse," said Sack after noting the quantity of ammunition in Harris' possession.
Zoom Out: - It was the 40th school shooting in the U.S. resulting in injuries or death this year, according to Education Week.
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Residents evacuate from Kherson city. AP. Moscow-backed authorities are applying pressure on residents of Kherson to relocate to Russia. The move comes as Russian forces make preparations to defend Kherson city from an expected Ukrainian counter-attack. More: - Russian forces are preparing for one of the "heaviest of battles" of the war, according to a senior Ukrainian official.
- Moscow has orchestrated evacuations of civilians in the city, but there is no indication that Russian forces plan to retreat from Kherson, according to Oleksiy Arestovych, adviser to Ukrainian President Volodymyr Zelensky.
- "With Kherson everything is clear. The Russians are replenishing, strengthening their grouping there," Arestovych said on Tuesday.
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Monarch Butterfly. Photographed by Rbreidbrown. Thousands of Monarch butterflies were spotted at the Monarch Sanctuary in Pacific Grove, California. The sightings come after experts counted only one member of the endangered species in the area during the same time last year. More: - Monarch butterflies traditionally enter the sanctuary during their annual migration. In the fall, Monarchs fly to the forests in central Mexico, where they will spend the winter months before flying back north in the spring.
- In 2021 experts counted only one butterfly during the first count of the year, while none were seen during the migration period of 2020.
- 3,823 Monarchs have been counted at the sanctuary this year so far.
- 247,237 Monarch butterflies were identified throughout the Western U.S. at the beginning of this year, according to the Xerces Society.
- The figure represents more than a 100-fold increase from the number of monarchs spotted in the area in 2020.
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Russian forces sabotaged the water supply of the Ukrainian city of Mykolaiv in April, according to U.N. experts and the BBC. The discovery comes as Russia continues to target civilian infrastructure with artillery and drone strikes across Ukraine. More: - Residents of Mykolaiv have had to wait in lines for drinking water after the city's water supply was cut off six months ago.
- Satellite data indicates that the pipeline providing water to the city was destroyed while it was under Russian control, reports the BBC.
- Russian forces "did not allow the repair team to access the site," said Dmytro Butrii, the exiled Ukrainian governor of the Kherson region.
- The damage sustained by the pipeline indicates that it was caused by the intentional use of explosives, according to Chris Cobb Smith, a military forensics expert who was shown pictures of the site.
- Destroying resources needed to support the lives of civilians is a violation of international humanitarian law, a U.N. expert told the BBC.
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Mordashov's yacht outside Victoria Harbour, Hong Kong on Friday, Oct. 7, 2022. AP. South Africa said it will not "abide by sanctions imposed by the U.S. and EU," against Russian oligarch Alexei Mordashov. South Africa's government said it would allow Mordashov's superyacht to dock at a port in Cape Town. More: - Mordashov, one of the richest men in Russia, has faced sanctions from the U.S. and the EU due to his close ties to Russian president Vladimir Putin.
- Hong Kong's top official, John Lee, rebuffed U.S. calls to seize Mordashov's yacht after it arrived at a port in the city earlier this month. The yacht left Hong Kong and traveled to Cape Town this week.
- A government spokesman said South Africa will only abide by sanctions that are "specifically adopted by the United Nations," and noted that no such sanctions have been imposed on Mordashov.
Zoom Out: - U.S. and EU authorities have seized over a dozen yachts belonging to wealthy Russians who were hit with sanctions earlier this year.
- Some Russian oligarchs avoided having their yachts seized by docking them in non-Western ports.
- Western-led sanctions were issued against wealthy Russian nationals in an effort to "hold accountable those who facilitate the death and destruction we are witnessing in Ukraine,” said U.S.Attorney General Merrick Garland.
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- A zoo in Sweden has shut down after the escape of a king cobra. The venomous snake is believed to have escaped through a lamp fixture attached to its enclosure.
- A man burst into flames in Little Rock, Arkansas after police officers fired a taser that ignited a can of gasoline in his backpack. The suspect, who was hospitalized, is recovering from his injuries.
- American rapper Ye, who legally changed his name from Kanye West, is no longer a billionaire after Adidas halted its partnership with him over antisemitic comments.
- Tremors were felt in the Bay Area on Tuesday morning when a 5.1 magnitude earthquake struck an area 12.1 miles east of San Jose.
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| | Gregory Bridgman is a writer and researcher with an academic background in politics and the philosophy of science and technology. He holds a BA from the University of Cape Town, an MS from University College London, and a Ph.D. from the University of Cambridge. He is interested in climate issues, technological changes, and the implications of the fourth industrial revolution. Please feel free to contact me at gregory@inside.com! | | | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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