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Jet Blue, Spirit Call Off $3.8 Billion Merger Deal After Losing Antitrust Lawsuit

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www.wbap.com – – 2024-03-04 09:25:05

SUMMARY: JetBlue and Spirit Airlines have decided to end their proposed $3.8 billion merger after a court ruling blocked the deal. Both companies believed in the benefits of the combination but felt they would not meet the closing conditions before the deadline. The Justice Department had sued to block the merger, citing reduced competition and higher fares. JetBlue will pay Spirit a $69 million termination fee. Despite the disappointment, both CEOs expressed confidence in their airlines’ future success independently. JetBlue’s stock rose while Spirit’s fell after the announcement. The appeal hearing for the antitrust ruling had been set for June.

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Third suspect arrested in Round Rock Juneteenth celebration shooting

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www.kxan.com – Julianna Russ – 2024-07-07 06:47:15

SUMMARY: A third suspect was arrested in connection with the deadly June 15 shooting at a Juneteenth celebration in Round Rock, Texas. The incident at Old Settlers Park resulted in two deaths and 14 injuries after a fight broke out between two groups, with innocent bystanders being the victims. 18-year-old Keshawn Dixon was apprehended in Killeen, charged with deadly conduct, and taken to Bell County Jail. Previously, 17-year-old Ricky Thompson III and a male juvenile had been arrested in connection to the shooting. The investigation is ongoing, and additional charges and suspects are being pursued by the Round Rock Police Department.

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Rafah is a dusty, rubble-strewn ghost town 2 months after Israel invaded to root out Hamas – KXAN Austin

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www.kxan.com – OHAD ZWIGENBERG, Associated Press – 2024-07-07 05:00:12

SUMMARY: Rafah, a city in the Gaza Strip, has become a deserted, war-ravaged area following a two-month Israeli military invasion targeting Hamas, their final stronghold in Gaza. Abandoned buildings and rubble dominate the landscape, with few civilians remaining. Israel alleges that Hamas turned civilian areas into combat zones, creating deadly traps. Approximately 1.4 million Palestinians fled to Rafah, now reduced to around 50,000 under dire conditions in a “humanitarian area.” Aid efforts are stalled, with dangerous routes and limited access to resources. The humanitarian crisis worsens as Israel pushes forward its offensive, despite significant challenges in aid delivery and civilian survival.

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Beryl bears down on Texas, where it is expected to hit after regaining hurricane strength – KXAN Austin

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www.kxan.com – JUAN LOZANO and JIM VERTUNO, Associated Press – 2024-07-07 04:14:42

SUMMARY: Tropical Storm Beryl is heading towards Texas, expected to regain hurricane status before making landfall on Monday. Currently with 60 mph winds, Beryl is moving northwest and could become a Category 1 hurricane. Texas coastal areas are under hurricane and storm surge warnings, prompting preparations for heavy rain, wind, and flooding. Acting Governor Dan Patrick issued a preemptive disaster declaration. Coastal cities have called for voluntary evacuations and advised campers and tourists to relocate. Prior to this, Beryl caused fatalities and damage in the Caribbean and Mexico. Residents are advised to take precautions, with store supplies depleting rapidly.

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