• SpaceX Having Trouble Getting Starship Launched Again After Explosion
    futurism.com
    Another hold-up.SpaceX was forced to call off the eighth flight test of its mammoth Starship spacecraft just minutes before the rocket was supposed to launch from the company's facility in Boca Chica, Texas.On Monday evening, several unspecified issues related to the 403-foot rocket's Super Heavy booster were flagged by engineers, , less than a half hour before its scheduled 5:45 launch time. After placing a temporary hold, SpaceX decided to scrub the launch entirely.SpaceX founder and CEO Elon Musk exhorted caution, but was light on details about what went wrong."Too many question marks about this flight and then we were 20 bar low on ground spin start pressure," Musk said. "Best to destack, inspect both stages and try again in a day or two."On Wednesday morning, SpaceX said it aims to attempt another launch as soon as Thursday. The day before, it briefly claimed that Wednesday would be the new launch date, though these quickly shifting timelines aren't uncommon in the world of spaceflight.The eighth flight test, whenever it happens, will be the first since Starship's upper stage spectacularly exploded midair over the Caribbean in January. The incident sent streaks of fiery debris careening through the sky, forcing air traffic controllers to divert flights in the area. Some debriseven landed on nearby islands, angering residents.A subsequent investigation determined that violent oscillations caused a propellant leak in the Starship's "attic" or the gap between the rocket's rear heat shield and its liquid oxygen tank. The resulting buildup sparked a flurry of fires that took out almost all the rocket's engines, triggering the ship's onboard self-destruct system minutes later.It wasn't entirely disastrous. Following a smooth separation from the ill-fated upper stage, the Starship's Super Heavy booster executed a boostback burn, a maneuver in which the rocket reverses course after separating. During the maneuver, all but one of its 13 engines successfully reignited, and shortly afterwards, the booster guided itself back towards its launch pad, where it was caught midair by the tower's "chopstick" arms.For the upcoming flight test, SpaceX is more or less re-attempting the last one, with several tweaks. One major change is adding more ventilation to the Starship's attic to prevent another fire. There have also been modifications to the Starship's fuel line and adjustments to the engine's thrust levels and the temperatures of the propellant.Along with another trial of relighting its engines in orbit, SpaceX will test a system to deploy four expendable dummy Starlink satellites from the vehicle's upper stage at a suborbital altitude if it survives long enough, that is.Share This Article
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  • Search Atlas - Advanced SEO Software: Backend Engineer- Python
    weworkremotely.com
    Hi! Were Search Atlas Group, a SEO software company, focused on engineering products and services that help websites improve their performance on Google. We are a rapidly growing organization with clients from Fortune 500 companies to leading Silicon Valley tech startups, and we're looking to bring on a more Backend Engineers to help us propel our growth.Company Tech StackBackend: Django, Python 3, Docker ComposeFrontend: Typescript, ReactJS + NextJS FrameworkDevOps: GCP, Kubernetes, ArgoCD, GitLabDBs: Postgres, ClickHouse, RedisScrum: Gitlab BoardsLocal Development Environments: Mac OS or LinuxJob DescriptionWe are looking for full stack, frontend, and backend engineers with strong experience in Python and Django frameworks. In this role you will be initially assigned to one of our product teams and help your team of 5-6 people build new product features!Backend Python/Django candidates must have:Strong experience with Python - 5+ yearsExperience with Django Rest Framework- 5+ yearsExperience writing test cases and TDDExperience with MySQL or Postgres- 3+ yearsKnowledge of ScrumBasic knowledge of Flake8 code qualityFrontend experience with ReactJS & Typescript is a nice bonus!Benefits11 days PTOSalary$2,000-$4,000/USD monthlyLife at Search Atlas GroupAt Search Atlas Group, we are committed to enjoying life as we are to delivering best-in-class services and software. From community volunteer days, socially conscious initiatives, and team lunches and outings, our office reflects our teams diverse interests.Were a growing team of diverse professionals, however, we all share the same goals: to be a part of a company thats on the edge of digital marketing, to make the world a better place, and to have fun doing it. Our team culture is one of fast-paced innovation, where each person is empowered to take on their own ambitious projects, with the support of their teammates. Weve got plenty of perks, but the biggest one is working with other energetic high-achievers.We are very proud of the kind, inclusive, and collaborative company culture we have built and have been very lucky to be recognized by both national and local industry leaders:2023 + 2022 Inc. 5000 List of the Fastest-Growing Companies in AmericaNevadas Top Workplaces - #1 Small Business (Under 150 Employees), Best New IdeasBest Start-Up Agency (U.S. Search Awards)Top B2B Companies (Clutch)Incs On The Rise and Best Places to Work (Inc. Magazine)Great Place to Work Certified (Great Place to Work)Here's a look into our core values:1. Collaborative and Highly EngagedWork is where we invest a big chunk of our lives. And hey, we're all about making that time awesome! Picture this: we're not just coworkers; we're like a squad that's always got each other's backs. We're all about cheering each other on, sharing what we know, and picking each other up when things get messy. Plus, we're big on being real with each other, so there's no room for office drama or gossip. We're all about that good vibes-only vibe!2. Pursues ExcellenceWe're not just about doing our jobs; we're on a mission to master our craft. With a growth mindset and a desire to learn and grow, we're relentless in our pursuit of excellence. Mediocrity? Nah, not our style. We're all about raising the bar and becoming the absolute best in our field. Smashing goals? It's our fuel. And we do it all together, thriving on shared success.3. I can figure it out/Google it attitudeHey, nobody's got all the answers, right? That's why our team rocks - because they're all about that thirst for knowledge and the know-how to quench it. Thanks to the vast wonders of the internet, there's practically nothing we can't figure out. Stumped on something? No sweat, just dive into the Google pool!We're a crew of go-getters, always ready to tackle challenges head-on. While we thrive on collaboration, we're also no strangers to taking the reins and finding solutions independently.4. InnovativeWe're all about agility, evolution, and innovation. Flexibility is our middle namewe're constantly refining, experimenting, and pushing boundaries. New ideas? Bring 'em on! Creativity is our secret sauce, and thinking outside the box is just how we roll. Forget about the status quo; we're all about embracing change. We're not attached to an old way of doing things - We're attached to winning5. Student MentalityWe dedicate ourselves to uplifting each other and pushing Search Atlas onwards and upwards (to the moon!). Mistakes and rough days happen to everyone, but we approach them with understanding and trust in each other's good intentions. Our team remains grounded and committed, persistently striving to improve. Mistakes are opportunities for growth; we embrace them, learn from them, and continually evolve as a result.Apply NowLet's start your dream job Apply now
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  • Zamp: Senior Full Stack Software Engineer
    weworkremotely.com
    Working at ZampWhat We value:StabilityEverything we build is intentional and thought out. We build knowing that well be working on this code for years. We index on quality over speed. Our tech reflects our love for stability in that we use typescript heavily and write tests thoroughly.IterationMuch like a good essay each PR requires at least 2 reviewers and involves rounds of revision and improvement. We embrace this and the challenges that come with it.LearningNone of us have arrived. We want to keep learning, experimenting and developing our own skills and our technology over time. Anyone willing to make a case for a new upgrade is heard.Async work and communicationWe have very few meetings. We embrace JOMO (The joy of missing out). This allows for deep focus and we want as much flow in our work as possible. This requires commitments from the team to deliver and provide feedback frequently and we depend on one another to get things done.Youll hate it here if:You see your code as your own property and are therefore defensive of your work and ideasPride gets in the way of progress and we are all learning.You need someone to tell you how to spend your time at workWe are all adults and are not here to babysit.Are easily offendedWe value direct clear communication without sugar coating. You live for the thrill of code slingingThere is a time and place for being a cowboy but dealing with financial data is not the time.Our tech: NextJS focused, with some event driven flair thrown in. Really focus is on strongly typed TypeScriptyou need to bleed types. TypeScript, NextJS, and database skills are all wins.Senior Full-Stack Engineer:This role requires being a member of a team that is highly collaborative. You will own projects and review code for your team as they own their own projects. Looking for someone who wants to build software and has been doing it for at least 10 years. We prefer Next.js experience, but any strongly typed experience will be considered.Apply NowLet's start your dream job Apply now
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  • You May Soon Pay More for Apple Devices. Experts Weigh In on Trump's Latest Tariffs
    www.cnet.com
    The cost of the latest tech seems to rise every year -- but this year smartphone and laptop prices could climb even higher because of tariffs.This week, US President Donald Trump announced a 10% tariff on imports from China, after imposing a 10% levy last month. Experts expect that the cumulative 20% tariff hike will raise prices for Apple products manufactured in China, such as iPhones, iPads, MacBooks and AirPods, but not necessarily at the same rate. TAX SOFTWARE DEALS OF THE WEEK H&R Block Free Simple Tax Returns eFile: $0 (save $0) TurboTax Deluxe 2024 (Federal and State, PC/Mac Download): $56 (save $24) TurboTax Premier 2024 (Federal and State, PC/Mac Download): $83 (save $32) TaxSlayer Classic Plan: $28 (save $10) Deals are selected by the CNET Group commerce team, and may be unrelated to this article."The recent tariffs could increase Apple product prices by about 5-10% in the coming months," Stephan Shipe, a certified financial planner and CEO of Scholar Financial Advising, said in an email. "Apple has traditionally absorbed most tariff impacts, but the company would likely need to pass a portion of these costs to consumers."Target and Best Buy warned consumers this week to expect higher prices for everything, after the latest round of tariffswent into effect. Last month's tariff hike had already prompted Acer to announce that it was raising prices on its laptops.If you're in the market for a new Apple device or an imported gaming system, like the PlayStation 5 Pro, here's how tariffs could raise prices, and what you should do to prepare.What's going on with tariffs?Trump announced 10% tariffs on imports from China, which is in addition to the 10% duty on Chinese imports he announced at the beginning of February. China responded to each round of tariffs with its own set of tariffs on US products, including coal, crude oil and farm products like chicken, beef, soybeans, wheat and pork.Products imported from China are already subject to tariffs that Trump ordered during his first term in office. The latest round of tariffs means prices on these goods could rise even higher.The Trump administration also imposed 25% tariffs on imports from Mexico and Canada after pausing last month amid negotiations with both countries.Tariffs, in theory, are designed to financially impact other countries since their goods are being taxed. Tariffs are paid by the US company importing the product, and this upcharge is usually -- but not always -- passed on to the consumer in the form of higher prices.How much could iPhone and MacBook prices increase?Experts expect that the tariffs levied on products from China -- and Canada and Mexico -- will translate into higher prices. That means the tech you use every day, like imported smartphones, tablets, laptops, TVs and even kitchen appliances, could get even more expensive this year.What could that look like? If the full cost is passed on to shoppers, we could see a 20% increase in prices. For instance, the iPhone 16, which starts at $830 at T-Mobile, could jump up to $996. You can get a 15-inch MacBook Air starting at $1,099 on Amazon; a 20% hike would raise the base price to $1,318.However, a 20% tariff on goods made in China doesn't necessarily mean prices will go up by the same amount. If companies want to stay competitive, they could absorb some of the costs to keep their prices lower.Apple announced a $100 price cut on its new MacBook Air today, despite the tariffs taking effect just a day earlier. In what was widely viewed as an attempt to persuade Trump not to impose the latest tariffs, Apple announced last month that it would spend more than $500 billion over the next four years to expand manufacturing operations in the US."Apple has positive earnings to absorb the higher prices on many of its products, but not all," Patti Brennan, certified financial planner and CEO of Key Financial, said in an email. "Apple's most important product is the iPhone. Readers should expect price increases either directly or indirectly. ... How much remains to be seen."Read more: Higher Tariffs Could Make Going Solar More ExpensiveShould you buy tech now to avoid tariffs later?If you were planning on buying a new iPhone, gaming console, MacBook or other tech, buying it now could save you money.But if you don't have the cash on hand and plan to use a credit card or buy now, pay later plan just to avoid tariffs, experts say wait. With credit cards' average interest rates currently over 20%, the cost of financing a big purchase could wipe out any savings you'd get by buying before prices go up due to tariffs."We'd only expect an increase of $50 to $150 on the top end of the Apple product line so the decision to buy would depend on immediate need vs. a tolerance for a small potential price increase," Shipe said.One way to save, even if prices go up, is to buy last year's model instead of the newest release."If you aren't planning to upgrade in the next year, there is no need to rush out to buy a new smartphone," Shawn DuBravac, chief economist at IPC, a manufacturing trade association, said in an email. "Technology is naturally deflationary, meaning that over time performance goes up and prices generally go down for products of similar quality." Related news
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  • Amazon Boycott Begins Friday, Includes Whole Foods, Ring, Twitch
    www.cnet.com
    The "economic blackout" started out as one day. Now the organizer of a grassroots boycott aimed at corporate greed has bigger plans. The People's Union USA is calling for a boycott of mega-online retailer Amazon for an entire week, starting this Friday, March 7. But will Amazon feel it?"Any type of drop in sales would be a success to us," People's Union USA founder John Schwarz told CNET in an email.In a March 4Instagram post, Schwarz described the weeklong blackout as "not just a boycott," but rather a "calculated strike" He called out Amazon's impact on small businesses, treatment of workers and record profits."This blackout is another massive message," he said in the post.The first major message from People's Union USA came on Feb. 28 with a 24-hour economic blackout aimed widely at big corporations. Schwarz encouraged followers to shop at small businesses instead. News of the effort spread over social media with celebrities like Mark Ruffalo, Bette Midler and John Leguizamo throwing their support behind the movement.The group doesn't claim any specific political affiliation."We are not a political party. We are not a protest," the People's Union USA wrote on its website. "We are a movement of people, organizing to take back control of our economy, government and future of our country." What an Amazon blackout might look like The boycott also calls for avoiding Amazon-owned Whole Foods. Jessica Dolcourt/CNETSchwarz's vision for the next blackout means more than cutting out toilet paper deliveries or impulse kitchen gadget purchases from Amazon's main website. He wants consumers to avoid Prime Video, Whole Foods, Zappos, Twitch, Alexa, Ring and IMDb, all of which are owned by Amazon or a subsidiary. Amazon's tendrils run deep. It even has creative control over 007 superspy James Bond through its ownership of MGM Studios.For someone tied into Amazon's ecosystem, this would mean unplugging Alexa devices, turning off Ring cameras and holding off on the third-season premiere of Wheel of Time. The fantasy series returns on March 13.Will Amazon notice the blackout?The Amazon boycott has a David and Goliath feel to it. The retail and entertainment juggernaut reported net sales of $638 billion in 2024. That was an 11% increase over 2023.Schwarz has 366,000 followers on Instagram and 341,000 followers on TikTok -- his main social media vehicles for getting the word out. Meanwhile, Amazon has hundreds of millions of customers worldwide.Momentum Commerce, a digital marketplace consulting and data services company, tracked hourly sales data from its client base during the Feb. 28 boycott. The company compared that data to average sales from the prior eight Fridays. Momentum's analysis showed Amazon sales were up 1% versus the average during the blackout."I'd say the minimal impact on Amazon sales during the one-day boycott isn't necessarily surprising," lead researcher Andrew Waber told CNET. Waber points out how Amazon exceeds $1 billion in sales every day. "This size makes the retailer naturally resilient, particularly when it comes to short-term disruptions."Momentum Commerce will track sales data during the weeklong blackout to see if trends from the one-day boycott play out over the longer period.Target, Nestle, Walmart boycottsThe Amazon blackout is just the beginning of a series of boycotts. The People's Union USA laid out a schedule for future blackouts. That includes Nestle (which owns brands ranging from Carnation to Gerber) from March 21-28 and Walmart from April 7-13. The group has April 18 set for another wide-ranging economic blackout that could stretch to cover that whole weekend. General Mills (known for Cheerios, Betty Crocker and Pillsbury) is next from April 21-27.Those companies aren't the only subjects of boycott efforts. Atlanta, Georgia, pastor and activist Jamal Bryant is promoting a 40-day Target "fast" starting this week to protest the retailer's move away from diversity, equity and inclusion policies.Boycotts are a way for consumers to call attention to concerns and find ways to align their spending with their political, economic and social goals. It may not hurt the bottom line of a company like Amazon, but the economic blackouts are certainly generating social-media-fueled discussions. If nothing else, it asks consumers to consider where they want their money to go.
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  • Naughty Dog boss says "don't bet" on there being a The Last of Us Part 3
    www.eurogamer.net
    Naughty Dog boss says "don't bet" on there being a The Last of Us Part 3As TV adaptation readies to return.Image credit: Naughty Dog News by Matt Wales News Reporter Published on March 5, 2025 Naughty Dog boss Neil Druckmann has cast doubt on the possibility of third The Last of Us game, telling fans, "Don't bet on there being more."Fans have been dreaming of a potential third entry in the series ever since the release of The Last of Us Part 2 in 2020. And while Naughty Dog and Sony have managed to remaster both the original The Last of Us (for a second time) and The Last of Us Part 2 since then, there's been no concrete word of a third series instalment.Which isn't to say Naughty Dog has been entirely quiet on the matter. Back in 2021, Druckmann confirmed he'd penned a story outline for a potential The Last of Us Part 3 and admitted there'd been "quite a bit" discussion about a sequel. He addressed a possible third series entry again in 2023 - while Naughty Dog's now-canned The Last of Us multiplayer game was still in the works - saying he was open to it, but only if the team could come up with a "compelling story".Digital Foundry takes a look at 2024's The Last of Us Part 2 remaster on PS5.Watch on YouTubeAnd if that wasn't enough, Druckmann returned to the subject of The Last of Us Part 3 again last year, explaining that while he'd struggled to come up with a worthwhile concept for the game previously, "recently that's changed". And just to hammer home the point, he added, "So it does feel like there's probably one more chapter to this story."All of which is to say that Druckmann's left enough of a breadcrumb trail over the last few years, that The Last of Us Part 3 feels like it might be closer to happening than not. And even though Naughty Dog is currently full steam ahead on its single-player sci-fi game Intergalactic: The Heretic Prophet, the studio's previous confirmation it had "multiple single-player projects" in the works still left room for hope.In a new interview with Variety, however, Druckmann has cast doubt on a possible The Last of Us Part 3. When asked about a potential third game, he replied, "I guess the only thing I would say is don't bet on there being more of Last of Us. This could be it."It's unclear why Druckmann is suddenly less keen to fan the flames of speculation where a third The Last of Us title is concerned, but even if another game never happens, there's still new The Last of Us material on the way. HBO's critically acclaimed TV show returns for a second season soon, and it'll begin adapting the events of the second game. However, Druckmann and show runner Craig Mazin previously confirmed the series will likely take two or three seasons to cover all of The Last of Us Part 2, and it's already clear plenty of new material will be in there.Recent season two casting news, for instance, has suggested the show will be more explicitly tackling events only mentioned in passing during the second game. And, of course, even if Naughty Dog never gets around to making The Last of Us Part 3, that doesn't mean Druckmann's story treatment for post-Part 2 couldn't eventually make it to the small screen.The Last of Us season two runs for seven episodes starting on 13th April in the US. And as for Naughty Dog's Intergalactic: The Heretic Prophet, there's no hint of a release date for that yet.
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  • 12 Best Berkshires Hotels & Home for a Cozy Weekend Away (2025)
    www.architecturaldigest.com
    Theres a thin line between overly curated and impeccably arranged. Tourists, a hotel with a sizable social following, sits staunchly on the side of great arrangements. A restaurant in the hotel worth the trip, unique guest rooms in muted palettes, and a compelling list of on-site activities, make this the perfect spot for the traveler in the mood to get social. Plus, its dog-friendly for those traveling with canine companions. From $249 per night.BOOK NOWThe Porches Inn at Mass MoCACity: North Adams, MassachusettsThose looking to experience small-town living in the Berkshires should stay at The Porches Inn, located in North Adams. The hotel itself features distinctive, color-coded designs in every room, which were converted from 19th-century mill workers cottages. Sojourning at this hotel allows you to immerse yourself in the local arts scene as youre posted right by the Massachusetts Museum of Contemporary Art (MASS MoCA) with its excellent programming: Sol Lewitt murals and exhibitions from the likes of James Turrell and Laurie Anderson. When youre done taking in all the modern art, settle in for a brewski next door at the Bright Ideas Brewery which serves all sorts of craft beers, from open tap brews to full growlers of the stuff. From $278 per night.BOOK NOWMiraval BerkshiresCity: Lenox, MassachusettsIn need of a detox? Whether its a physical or digital detox (or both) that youre after, Miraval is the top choice. A stately Gilded Age mansion is at the heart of the property, which was originally landscaped by none other than Frederick Law Olmstead, but the rooms and suites have been redesigned by AD 100s Ken Fulk with todays modern travelers in mind. The rates are all-inclusive, with dining options that encourage mindful eating and a wide range of wellness-focused activities that include everything from equine therapy to beekeeping, not to mention Ayurvedic treatments at the 29,000-square-foot spa. From $899 per night.BOOK NOWPrivate HomesLuxury Cabin Mountain ViewsCity: East Nassau, New YorkSleek lines, a mix of dark and light woods, and floor-to-ceiling windows make for a contemporary rustic home that feels as its been transported from the Pacific Northwest. A huge butcher block-topped island provides a plethora of food prep space, while the open plan allows cooks to easily mingle with the rest of the guests. After dinner, take a dip in the cedar hot tub while taking in the mountain vistas. From $578 per night.The FilomenaCity: West Stockbridge, MassachusettsChannel your inner Wes Anderson with a stay at this impossibly charming home filled with thoughtful details and design choices. The adjoining garden takes the charm factor through the roof. A renovated 19th-century rectory, weve already dubbed it the coolest Airbnb in Massachusetts for a reason. The Norman Rockwell Museum also resides in Stockbridge for a fun day activity. From $1,050 per night.BOOK NOWMid-Century Glass OctagonCity: Otis, MassachusettsWhether youre visiting the Berkshires in the summer for a concert at Tanglewood, during the fall for leaf-peeping or in the winter to hit the slopes, the wrap-around windows of this midcentury-inspired cabin provide stunning views. After a day on the mountains, skiers can return to enjoy the cozy fireplace underneath the vaulted ceilings, while the expansive deck provides a place to grill, eat, or lounge while surrounded by the forest. Think of it as luxury living, just in a treehouse. From $348 per night.BOOK NOWCleveland HouseCity: Dalton, Massachusetts
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  • Billie Holidays Former Upper West Side Town House Sells for $10.5 Million
    www.architecturaldigest.com
    The town house where jazz legend Billie Holiday once lived has sold for $10.5 million, per the New York Post. The uptown apartment was sold in 2017 for $9.5 million before returning to the market in 2022 for $13.9 million. The buyer has not yet been identified.Holiday reportedly resided in the home for four years until her death at age 44 in 1959. Back then, the Renaissance Revival brownstone was divided into separate apartments, and Lady Day lived on the first floor. While in apartment #1B, the musician released one of her most acclaimed works, the 1958 album Lady in Satin.Built in the early 1900s, the 6,300-square-foot town house sits adjacent to Central Park and the Jacqueline Onassis Kennedy Reservoir. The 20-foot-wide abode comes fully renovated, though it has retained many of its charming historic details, like moldings and vaulted ceilings. The brownstone contains six floors and 14 rooms, including seven bedrooms, six full bathrooms, and two powder rooms wrapped in wallpaper by Lenny Kravitz. It also features sky-high ceilings, a wine cellar, a screening room, six fireplaces, and a backyard garden.Join NowFlash Sale: Become an AD PRO member today and unlock your design potential.ArrowHolidays former town house was initially listed by Kelly Killoren Bensimon of Douglas Elliman, who formerly starred on The Real Housewives of New York City and Million Dollar Listing. In 2022, she pointed out the primary suite, a 1,100-square-foot space on the dwellings third floor, as a major selling point. Its like staying in the best hotel suite you can imagine, Killoren Bensimon told AD at the time. Every finish is top of the line.
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  • Canoos CEO is buying the bankrupt EV startups assets
    techcrunch.com
    The CEO of Canoo is buying nearly all of the defunct EV startups assets out of bankruptcy, according to a court filing.A new entity controlled by the CEO, Anthony Aquila, has offered to purchase substantially all of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt Canoo owed to a financial firm run by Aquila, which loaned money to the startup during its final months. The sale proposal comes just six weeks after Canoo filed for a Chapter 7 bankruptcy liquidation in Delaware and wound down its business. The startup, which went public in 2020 as part of a merger with a special purpose acquisition company, never sold more than a handful of its electric vans to government entities like NASA, the United States Postal Service, and the Department of Defense, before it failed.Canoo has told the court that as of February 24 it had around $145 million in assets and $175 million in liabilities, and around $12 million in cash and equivalents. Other interested parties can submit higher and better offers for the companys assets before a deadline of March 28, according to a filing.But the bankruptcy trustee wrote in the filing that the best course of action would be to proceed with the sale to Aquila. The trustee cited a number of reasons for this, such as a lack of financing currently available to support EV manufacturing. He wrote that the failure of other EV startups (like Fisker and Nikola, though he did not name them specifically) has produced a glut of EV related assets that are available at fire-sale prices. He also wrote that Canoos estate doesnt have the money to cover rents, security costs, and insurance necessary to maintain the integrity of the assets.As long as it goes through, Aquilas new entity called WHS Energy Solutions, Inc. and created in Delaware will receive Canoos manufacturing equipment, completed vehicles, intellectual property, contracts, and other inventory and assets. WHS Energy Solutions is not taking over any of Canoos leases, and will not be responsible for any of the claims other creditors have against Canoos estate.Aquila has told the bankruptcy trustee that a principal motivation for buying the assets is the CEOs desire to honor [Canoos] commitment to provide service and support for certain government programs. While the viability of all government spending is currently uncertain, the Buyer has been advised by these agencies that unless they can be assured that the Buyer can provide assurance promptly that it will be able to continue to provide the services and support provided by the Debtors, the programs will be materially delayed and the government will have to begin the time-consuming process of seeking and qualifying other contractors, the trustee wrote in the filing.CEOs or founders trying to buy up the assets of their bankrupt startups is not uncommon, even in the world of electric vehicles. In 2023, the former CEO of bankrupt EV startup Lordstown Motors purchased most of its assets and started a new company called LandX Motors. But more often than not, the assets get sold to other companies or auctioned off in pieces.Its unclear what Aquila plans to do with Canoos assets if he is successful in completing the transaction. The Canoo CEO did not respond to a request for comment. Only Aquilas financial firm and related entities held secured claims, meaning their debt was backed by collateral pledged by Canoo. The debts owed to its many other creditors which include automotive supplier Magna (owed nearly $3 million), and financial advisors Yorkville (which sold millions of shares of Canoo stock and are owed $7 million) are behind Aquilas in line to get paid back.
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  • Trump gives Big 3 automakers one month tariff reprieve to move operations to US
    techcrunch.com
    President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three automakers General Motors, Ford, and Stellantis with the expectation that they will move any offshore operations to the United States by April 2.The reprieve, which Politico first reported, comes less than two days after Trump issued 25% tariffs on all goods from the U.S.s neighbors, which had previously been duty-free under a North American trade agreement (sometimes characterized as NAFTA 2.0) negotiated during his first term.The automakers have complex supply chains and operate several manufacturing facilities in Mexico and Canada. For example, GM produces its Chevy Equinox in Mexico and Canada, and both Fords Lincoln Nautilus SUVs and Stellantiss Dodge Chargers are made in Ontario. Multiple automotive suppliers also have factories in the two countries.Car prices are already at historic highs, and the tariffs threaten to send sticker prices skyrocketing by as much as $12,000, according to Jeff Schott, senior fellow at the Peterson Institute for International Economics, who was interviewed by the Detroit Free Press. That could lead to less demand, leaving dealers stuck with unaffordable cars on their lots.In an address to Congress on Tuesday, Trump urged manufacturers to move their operations onshore. White House press secretary Karoline Leavitt said in a briefing Wednesday that Trump expects GM, Ford, and Stellantis to shift production to the U.S. before the tariffs kick off at the end of the month. He told them that they should get on it, Leavitt said. Ford CEO Jim Farley said last month at an investor talk the company doesnt have excess capacity at its plants to shift production. Farley noted that Ford could withstand tariffs in the short term, but if they persisted, they would blow a hole in the U.S. industry that weve never seen.Through February, nearly half of all new vehicles sold in the U.S. were built in the U.S., but 17.4% of them were built in Mexico, and 7.4% in Canada, according to data from Edmunds.com. This article has been updated with information from the White House press secretary.
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