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super ace 88 BY Joe Berkowitz5 minute read On Wednesday afternoon, billionaire activist investor Bill Ackman appeared to post on Bluesky a plan to destroy the burgeoning social media platform. Though the poster turned out to be an impostor, whoever it was so thoroughly captured the long-winded Ackman's rhetorical style on X, they managed to briefly convince many people—including some high-profile journalists. The fake Ackman account has since been suspended, but there are plenty more just like it. The blue check marks Back when X was just a gleam in Elon Musk's eye, Twitter began verifying accounts in June of 2009. The nascent microblogging site only... Joe BerkowitzTISHOMINGO, Okla. (KTEN) — The City of Tishomingo has been named a member of the Oklahoma Main Street Program , an initiative that fewer than 50 cities and towns in the Sooner State are a part of. "Our downtown has seen pretty steady growth," said Tishomingo City manager Bryce Jones. "Part of that is due to the fact that it's a regional tourism hub. When the economy starts to decline, tourism is usually the first thing to go. We want to try to support that, and make it a more level baseline for our community." "It's really thinking about the old buildings... what they can be used for?" asked Oklahoma Main Street director Buffy Skee. "What we really want to do is help the communities increase their sales tax base." The Main Street program's four-point approach of design, promotion, economic vitality and organization will be used to help things like business retention and expansion, and the preservation of historic markers. "We're getting a lot of specialized help from people who have been doing this a long time," Jones said. "They will coordinate with other businesses who are looking for spaces, and know that we have space to fit them." The Main Street program reports that it helped 140 businesses to open, relocate or expand in 2023. The City of Tishomingo hopes to impact those totals in 2025. "They also have a wonderful building stock," Skee noted. "That is always where we start: What is your building stock? Do you have the buildings to put new business into? They're already rockin' and rollin', but they just might need a little extra help... and we're here to do that."

Farooq Abdullah welcomes ceasefire deal between Israel, LebanonTitans coach says WR Treylon Burks recently had surgery to fix partially torn ACLBy FATIMA HUSSEIN WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s . The dollar represents roughly 58% of the world’s foreign exchange reserves, and major commodities like oil are still primarily bought and sold using dollars. The dollar’s dominance is threatened, however, with BRICS’ growing share of GDP and the alliance’s intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.” At a summit of BRIC nations in October, and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is “no chance” BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen “should wave goodbye to America.” Research shows that the U.S. dollar’s role as the primary global reserve currency is not threatened in the near future. An that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump’s latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that can be averted. returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.

Homeland Security shares new details of mysterious drone flights over New JerseyWhen Bears interim head coach Thomas Brown welcomes players back to Halas Hall on Monday after their weekend off, his first order of business will be to stabilize the organization after a chaotic, jarring few days. The final game of former coach Matt Eberflus’ brief tenure ended haphazardly Thursday as he botched clock management in a 23-20 loss to the Lions , and the fallout wasn’t much smoother. Rookie quarterback Caleb Williams was visibly angry after Eberflus’ failure to call timeout cost the team a chance to at least tie the game, but remained diplomatic afterward by saying only that he didn’t believe it was his decision as an inexperienced player and he leaves those calls up to Eberflus. Things weren’t quite so civil in the visiting locker room at Ford Field, and one player said Eberflus’ post-game address about “sticking together” was derailed as players vented frustration at “an all-time high” level. The organization’s power players, including president Kevin Warren, chief administrative officer Ted Crews and general manager Ryan Poles, saw all of it. “Guys were [ticked] off,” one player said. “I can tell you what we think: It’s not the talent.” Eberflus wouldn’t concede that the week before, and when asked why this roster kept losing, he pivoted to a line about needing to “look forward and... look upward.” Those canned answers grew tiresome with the public and within Halas Hall. Minutes after blowing yet another game in the final seconds was not the time for another one. The same old speech about hanging tough and moving forward, essentially a repeat of what Eberflus had said after every loss in the six-game losing streak that pushed Poles to fire him, fell flat. Tight end Cole Kmet pointed out that he and cornerback Jaylon Johnson, who arrived together as rookies in 2020, have heard nothing but that during their careers. “You only want to hear it so much,” Kmet said. “We want the results.” There was a prevailing opinion in the locker room that the Bears’ defeats were self-inflicted and, as one player put it relative to Eberflus, “That’s the problem.” The Athletic cited a player saying Johnson “went crazy” at Eberflus after the game and most or all of the locker room was on his side. Eberflus was under scrutiny in all six losses. He misplayed the end of the Commanders game and failed to notice cornerback Tyrique Stevenson’s wandering attention, then dragged the story throughout the next week by refusing to say something definitive about consequences. Not surprisingly, the Bears looked unready for their ensuing game against the Cardinals, and a bad defensive call by Eberflus at the end of the spirit knocked any remaining wind out of them. They came home and lost 19-3 to the Patriots, the worst team in the NFL at the time, then rallied to give themselves a shot at upending the Packers for the first time in six years only for Eberflus to forfeit the option of trying to gain a few more yards and settling for a 46-yard field goal that got blocked. He had an epic error against the Vikings in which miscommunication led to the kicking team running onto the field when the offense was preparing to go for it on fourth down, and then the debacle in Detroit. Throughout, the Bears were impressed by Eberflus clearing the relatively low bar of having the team refocused and reenergized by the following Wednesday to begin the practice week. Management was skeptical, however, that he could keep that going, a source said. That doubt grew too big to ignore after the embarrassing ending against the Lions. While things already were stacked against Eberflus coming back in 2025, a source said, had Rome Odunze caught Williams’ final pass and scored the game-winning touchdown, it would’ve been a step in the right direction and Eberflus would’ve survived for at least another game. While Warren, Poles and chairman George McCaskey surely had a lot of thoughts about Eberflus on Thursday, they did not meet to discuss his future until Friday at 7:30 a.m. at Halas Hall. Poles was furious with Eberflus’ mishandling of the ending, a source said, and preferred to calm down and have a conversation free of emotion. The three most powerful people in the organization met for three hours, unconcerned at the time that Eberflus was scheduled to hold his day-after-game news conference at 9 a.m. on Zoom. He logged on unaware that he would be fired within two hours and perhaps unaware of the meeting. It was a bad look for the Bears, who made the right decision but executed it the wrong way. It could’ve been avoided merely by changing his schedule and making up a reason for the public, but a source said there was little attention given to that. There was total preoccupation with making a decision. It was Poles’ call, and Warren said in a statement he supported it. It was not a tough sell to McCaskey to break from the franchise’s 105-year tradition of not firing a coach in-season, a source said. In the meeting, there were three key points in favor of doing it now rather than waiting until January, as the Bears painfully did in a similar situation with Matt Nagy in 2021: Eberflus continued to make game-costing decisions, the locker room was bailing on him and there no longer was any chance of bringing him back next season. If that was the conclusion, no sense in delaying it. There also was concern about missteps with offensive coordinator Shane Waldron, whom he fired after nine games amid player complaints, and his ability to guide Williams. The Athletic reported that some players floated the idea of benching him in favor of Tyson Bagent after the loss to the Patriots, but two sources told the Sun-Times there was no call to bench Williams and such a move would be nonsensical. After Eberflus was informed of his dismissal, he relayed that and said goodbye to his staff in a quick meeting, and management reached out to team captains to spread the word. It was all over by noon. Eberflus released a statement to CBS on Saturday thanking Poles and the McCaskey family and praising the players. “I want to express my heartfelt gratitude to the players for all of their effort, dedication and resilience,” he said. “In every situation — practice, games and especially in the face of adversity, you stayed together and gave great effort for your team and each other.” He added that he was “most proud of... the way you carried yourself both on and off the field and represented the Bears’ organization with class in the community,” and thanked Bears fans for their “support and passion.” That passion was loud near the end, when fans at Soldier Field chanted for Eberflus to be fired and booed him repeatedly. Warren said they “deserve better results” than what they got from a coach who went 14-32.

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CONCORD, N.H. (AP) — Two New Hampshire fathers who were barred from school district events for wearing pink wristbands marked “XX” to represent female chromosomes insisted at a federal court hearing Thursday that they didn't set out to harass or otherwise target a transgender soccer player who played on the team. But a judge hearing the case suggested the message the parents sent may matter more than their intentions. Kyle Fellers and Anthony Foote sued the Bow school district after being banned from school grounds for wearing the wristbands at their daughters' soccer game in September. The no-trespass orders have since expired, but a judge is deciding whether the plaintiffs should be allowed to wear the wristbands and carry signs at upcoming school events, including basketball games, swim meets and a music concert, while the case proceeds. Testifying at Thursday's hearing, both men said that they did not view the wristbands as a protest against Parker Tirrell, a transgender girl on the opposing team, but rather as a show of support for their daughters and their teammates. U.S. District Court Judge Steven McAuliffe questioned whether there is a meaningful distinction and whether their intentions matter. “Sometimes the message you think you’re sending might not be the message that is being sent,” he said. McAuliffe asked Foote whether it occurred to him that a transgender person might interpret the pink XX wristbands as an attempt to invalidate their existence. “If he’s a trans female, pink might be a color he likes,” Foote said. McAuliffe also noted that while both plaintiffs said they had no problem with transgender people outside the issue of sports, they repeatedly referred to the athlete in question as a boy. “You seem to go out of your way to suggest there’s no such thing as a trans girl,” McAuliffe said. Foote disagreed, saying it was “like learning a new language” to refer to transgender people. In a separate courtroom earlier Thursday, another judge held a hearing on a lawsuit brought by Parker Tirrell and another student challenging the state law that bans transgender athletes in grades 5 to 12 from teams that align with their gender identity. It requires schools to designate all teams as either girls, boys or coed, with eligibility determined based on students’ birth certificates “or other evidence.” That federal judge ruled earlier this year that the teens can try out for and play on girls school sports teams. The order only applies to those two individuals for now as they seek to overturn the Fairness in Women’s Sports Act on behalf of all transgender girl students in New Hampshire. Lawyers for the teens said in court Thursday they hoped the matter could go to trial and be resolved before the start of the next school year in September. They said the teens’ school districts and others in the state have asked for guidance regarding the statute. Lawyers for the state said they needed more time to prepare. Judge Talesha Saint-Marc suggested the timing of the trial was ambitious and asked that both sides talk further about scheduling. Gov. Chris Sununu, who signed the Fairness in Women’s Sports Act into law in July, has said it “ensures fairness and safety in women’s sports by maintaining integrity and competitive balance in athletic competitions.” About half of states have adopted similar measures. In the Bow case, school district officials have said they acted appropriately in sanctioning the parents for conduct they knew violated school policy at athletic events. They'll explain their evidence on Friday. On Thursday, the plaintiff's lawyer, Endel Kolde, accused the district of “breathtaking” overreach by asserting that the wristbands target transgender students in general, regardless of whether such students were present at the events. “This is viewpoint discrimination, and it’s very clear they’re proud of it,” Kolde said. Kolde initially conceded that a school district can limit speech “to some degree” to protect children from harassment, but he stopped short of agreeing with the judge’s claim that yelling “transgender students out” at a particular player would be subject to such regulation. “It might be,” he said. “I’m trying to get you to concede the obvious,” McAuliffe said. “It’s less than obvious to me,” Kolde said. Feller, the first witness in the case involving the wristbands, said he purchased them thinking his daughter and her teammates would wear them, but ended up wearing one himself after they declined. After being told to leave the game, he stood in the parking lot with a sign that said “Protect women’s sports for female athletes.” “I wanted to support women’s sports and I believed what was going on was a travesty,” he said.

'Maharashtra Chief Minister Will Be...': What Ajit Pawar Said On CM Post

College Football Playoff's first 12-team bracket is set with Oregon No. 1 and SMU in, Alabama outCollege Football Playoff's first 12-team bracket is set with Oregon No. 1 and SMU in, Alabama out SMU captured the last open spot in the 12-team College Football Playoff, bumping Alabama to land in a bracket that placed undefeated Oregon at No. 1. The selection committee preferred the Mustangs, losers of a heartbreaker in the Atlantic Coast Conference title game, who had a far less difficult schedule than Alabama of the SEC but one fewer loss. The inaugural 12-team bracket marks a new era for college football, though the Alabama-SMU debate made clear there is no perfect formula. The tournament starts Dec. 20-21 with four first-round games. It concludes Jan. 20 with the national title game in Atlanta. Alabama left out of playoff as committee rewards SMU's wins over Crimson Tide's strong schedule The College Football Playoff committee took wins over strength of schedule, taking SMU over Alabama for the final at-large spot in the field. The field was expanded from four to 12 teams this season, but that didn’t save the committee from controversy. SMU showed it could compete against a traditional power, losing to Clemson 34-31 on a 56-yard field goal in the ACC title game on Saturday. Alabama had some ups and downs in its first season under coach Kalen DeBoer. The Crimson Tide had quality wins against Georgia and South Carolina, but lost at Vanderbilt, Tennessee and Oklahoma. Big Ten wins playoff selection derby, followed by SEC despite notable Alabama omission College football’s conference shakeup left concerns about two super conferences dominating the playoff field. They weren’t totally unfounded, or 100% born out. The Big Ten, not the Southeastern Conference, was the biggest winner. The ACC scored, too. The Big Ten led the initial 12-team playoff field with four making the cut, topped by a No. 1 Oregon team that was part of the Pac-12 exodus. Then came the SEC — and one notable omission. ACC runner-up SMU got the nod over college football blue-blood Alabama, another blemish in Kalen DeBoer’s first season as Nick Saban’s championship-or-bust successor. Tamar Bates scores 29 points to help Missouri beat No. 1 Kansas 76-67 COLUMBIA, Mo. (AP) — Tamar Bates had 29 points and five steals to help Missouri beat Hunter Dickinson and No. 1 Kansas 76-67. Mark Mitchell scored 17 points in Missouri’s first win over Kansas since a 74-71 victory on Feb. 4, 2012. Anthony Robinson II had 11 points and five steals for the 8-1 Tigers. Dickinson had 19 points and 14 rebounds, but he also committed seven turnovers. The 7-2 Jayhawks have lost two straight on the road after falling 76-63 against Creighton on Wednesday night. Scottie Scheffler ends his big year in the Bahamas with his 9th victory NASSAU, Bahamas (AP) — Scottie Scheffler ended his biggest year with another victory. Scheffler was coming off a two-month break and looked as good as ever. He shot 63 in the Hero World Challenge and set tournament records at Albany with a 72-hole total of 263 and a six-shot victory. Tom Kim was the runner-up and Justin Thomas finished third. Scheffler ends his year with nine victories in 21 tournaments. That includes the holiday tournament in the Bahamas and the Olympic gold medal in Paris. It's the third-highest winning percentage in the last 40 years. Tournament host Tiger Woods had two better years. Lindsey Vonn is encouraged by how close she is to being competitive in ski racing return at age 40 COPPER MOUNTAIN, Colo. (AP) — Lindsey Vonn is encouraged by how close she is to being competitive again in her ski racing return at 40 years old. Vonn is still getting her ski equipment dialed in and getting used to going full speed again on her new titanium knee. That’s why all that she's reading into being more than two seconds behind in a pair of lower-level super-G races Sunday is that she’s right there. This after nearly six years away from ski racing and an abbreviated prep period. She was 2.19 seconds behind in the first race and 2.06 in the second. Both were won by her American teammate Lauren Macuga. Plane circles MetLife Stadium with message to co-owner John Mara to fix the Giants' 'dumpster fire' EAST RUTHERFORD, N.J. (AP) — A small plane circled MetLife Stadium roughly 90 minutes before New York was to play host to the New Orleans Saints on Sunday, asking Giants co-owner John Mara to overhaul the team that has made the playoffs twice since winning the Super Bowl in February 2012. “Mr. Mara, enough. Please fix this dumpster fire!” the message read as it was towed behind the rear of a small plane. Saquon Barkley sets Eagles season rushing record and has Dickerson's NFL mark in his sights PHILADELPHIA (AP) — Saquon Barkley has broken LeSean McCoy's Eagles franchise record for rushing yards in a season. Barkley has 1,623 yards. He surpassed McCoy's mark of 1,607 yards with a 9-yard run in Sunday's 22-16 win over Carolina. Barkley finished the game with 124 yards, within a yard of his season average. He has four games left and is on pace to break Eric Dickerson's 40-year-old NFL record of 2,105 yards. Dickerson set that record in a 16-game season and Barkley has one more game. Eagles fans serenaded Barkley with “MVP!” chants and McCoy congratulated him on social media. Tua Tagovailoa's TD pass to Jonnu Smith gives Dolphins 32-26 overtime win over Aaron Rodgers, Jets MIAMI GARDENS, Fla. (AP) — Tua Tagovailoa threw a 10-yard touchdown pass to Jonnu Smith in overtime and the Miami Dolphins overcame Aaron Rodgers’ first 300-yard passing game in nearly three years to beat the New York Jets 32-26. After Jason Sanders tied it with 7 seconds left in regulation with a 42-yard field goal, Tagovailoa quickly moved the Dolphins down the field and they beat the Jets for the ninth straight time in Miami. That came after Anders Carlson gave the struggling Jets the lead with a 42-yarder with 52 seconds remaining. New York was eliminated from playoff contention for the 14th straight year. Steelers WR George Pickens to miss first game of his career with hamstring injury PITTSBURGH (AP) — Pittsburgh Steelers wide receiver George Pickens will have to wait to “introduce” himself to Cleveland Browns defensive back Greg Newsome II. Pickens is inactive for Pittsburgh's rematch against the Browns because of a hamstring injury. Newsome and Pickens ended Cleveland’s 24-19 win on Nov. 21 by tussling on Pittsburgh’s last-gasp desperation pass attempt. Pickens grabbed Newsome’s facemask as the two careened through the end zone and slammed into a restraining wall. Afterward, Newsome called the mercurial Pickens a “fake tough guy.” Pickens responded on Friday by feigning ignorance and saying he didn’t even know who Newsome was when asked if he would talk to Newsome before the game.

Incumbent centre-right in ‘driving seat’ in Irish voteNAUGATUCK — Tug Valley will be playing in the state football semifinals for just the second time ever as the No. 1 seed Panthers beat No. 8 Petersburg 49-20 in a Class A quarterfinal game on Saturday evening at Bob Brewer Stadium. The win for the Panthers improved them to a school record 12-0 on the season and they will get to remain home next week as they will welcome No. 4 seed Cameron (11-1) to Naugatuck with a berth in the state title game on the line. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

Click Camera App Announces New Photojournalism Fellowship As App Reaches 50,000 Users Signing 1,000+ Authenticated Photos DailyCollege Football Playoff field: What went right, what went wrong

A thrill ride manufacturer that has designed a 1,000-foot-tall roller coaster that would shatter all height and speed records is looking for a theme park willing and able to build the towering behemoth. The once-impossible dream of a 1,000-foot-tall coaster is now feasible and in top secret development by an unnamed ridemaker, according to Dennis Speigel, an industry expert with International Theme Park Services . “The project is still under heavy wraps with the final international location yet to be announced,” Speigel wrote on the ITPS website. “But the progress is quite well along and so far is nothing short of breathtaking in every sense of the meaning.” ALSO SEE: Six Flags to spend $1 billion on 11 coasters over next 2 years The 1,000-footer would be twice as tall as any coaster ever built and smash a new record for world’s tallest coaster about to be set in 2025. Six Flags announced in November that its 456-foot-tall Kingda Ka coaster in New Jersey would be removed and replaced by a new record-breaking launch coaster in 2026. The 2005 Kingda Ka held the title of world’s tallest coaster for two decades. ALSO SEE: 5 of the world’s fastest coasters are closed, but a new king will soon rise The 415-foot-tall Superman: Escape from Krypton at Six Flags Magic Mountain now reigns as the tallest operating coaster in the world while the 420-foot-tall Top Thrill 2 coaster at Ohio’s Cedar Point remains closed for repairs. Falcon’s Flight will become the world’s tallest coaster at a skyscraping 640 feet when the new ride debuts in 2025 at Six Flags Quiddiya in Saudi Arabia. ALSO SEE: Coaster war brewing between Six Flags Magic Mountain and relatively unknown European rival Speigel got a sneak preview of the 1,000-foot-tall coaster by the as-yet-unidentified ride manufacturer that swore him to secrecy. Technological advancements in computer- and AI-assisted design have made the pipe dream of a 1,000-foot-tall coaster a very real possiblity, according to Speigel. ALSO SEE: 4 reasons why Universal won’t launch Fast & Furious coaster until 2026 “It’s only a matter of time and financial investment before this aspiration becomes a reality,” Speigel wrote on the ITPS website. The record-setting coaster will need to be built on a swath of land large enough to accommodate the amount of track needed for the launch and run out on either side of the 1,000-foot precipice. ALSO SEE: Six Flags Magic Mountain plans 21st roller coaster for 2026 The structural engineering team behind the project has designed a coaster that can withstand immense vertical and lateral forces, according to Speigel. An “ingenious” braking system will help control the incredible speeds of the coaster that will likely require riders to wear safety goggles, according to Speigel.Ravens playoff tickets go on sale Thursday. Will they have a home game?

Mikaela Shiffrin's bid for a milestone 100th alpine World Cup victory was on hold after the US superstar crashed out of the Killington giant slalom won by Sweden's Sara Hector on Saturday. Shiffrin, already the owner of the most World Cup victories in history, was poised to claim a once unimaginable century after topping the first-run times. She looked on course for the win when she crashed heavily in the second leg and Sweden's Olympic gold medaallist Hector emerged with the victory with a total of 1min 53.08sec. Shiffrin, whose mistake rounding a turn caused her to lose her balance and slide through a gate, lost one ski and careened into the catch-fencing. She was taken from the course on a sled, offering a wave to fans on her way. The extent of any possible injuries she might have suffered was not immediately known. "Mikaela took the sled down and is currently being evaluated," USA Ski & Snowboard said in a statement posted on X, formerly Twitter. "More info to come, but take solace in the fact that she asked about her splits." Shiffrin, 29, already has 13 more World Cup wins than the most successful man, Ingemar Stenmark, and 17 more than the second woman, compatriot Lindsey Vonn. Needing three wins to hit 100 to start the season, she bagged her 98th and 99th career titles with back-to-back slalom wins in Levi, Finland, and Gurgl, Austria. That gave her a chance to complete her century in front of home fans in Killington, not far from where she attended Burke Mountain Academy as a youngster. Shiffrin -- who has won six slaloms at Killington but never a giant slalom -- was greeted by ecstatic cheers as she crossed the finish line of the first leg atop the times. She was 17-hundredths of a second ahead of Hector after the second sector of her second run. But her day ended not in celebration but in the 21st "Did Not Finish" in her 274 career starts. Vonn, who has just announced plans to come out of retirement, posted on social media: "Hope @MikaelaShiffrin is OK." Hector was delighted with her win, while sympathetic to Shiffrin. "I'm very happy, after going through a difficult period," she said. "Obviously, I'm very sad for Mikaela who was skiing so well. "I saw her fall. My heart goes out to her," she added. Croatia's Zrinka Ljutic finished second, 54-hundredths of a second behind Hector, and Switzerland's Camille Rast was third, 1.05 seconds back. The women are scheduled to race a slalom on Sunday. bb

Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to the Adani Group after the U.S. indictment but maintaining existing loans, sources told Reuters. Ratings agency S&P warned in a statement that the group will need regular access to equity and debt markets given its large growth plans, but it might find fewer takers. "We believe domestic, as well as some international banks and bond market investors, look at Adani entities as a group, and could set group limits on their exposure," it said. However, S&P added that the rated entities have "no immediate and lumpy" debt maturities. 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Research firm CreditSights highlighted refinancing for the conglomerate's green energy business, which is at the centre of the allegations, as its biggest near-term concern. Bonds issued by the Adani Group dropped sharply for a second day on Friday and although the shares of some Adani firms clawed back some of Thursday's losses, the overall market value of all 10 stocks has dropped by $27.9 billion over two sessions. Adani Green Energy, which is at the centre of the U.S. allegations, has lost nearly $7 billion of its value. U.S. authorities have charged Adani and seven other people with agreeing to pay bribes to Indian government officials to obtain contracts that could yield $2 billion of profit over 20 years as well as to develop India's largest solar power project. Adani Group has said the accusations as well as those levelled by the U.S. Securities and Exchange Commission in a parallel civil case are "baseless and denied" and that it will seek "all possible legal recourse". Some analysts said the fallout was unlikely to be limited to the Adani group of companies. "India's renewable energy sector, a critical pillar for global climate goals, may face reduced international investment as a result of this controversy," said Nimish Maheshwari, an independent analyst who publishes on Smartkarma. "Investors may demand greater transparency and due diligence, slowing down the pace of project financing." The Securities and Exchange Board of India, the country's market regulator, is making preliminary checks to see if disclosures made by Adani entities were inadequate and if they breached local market regulations, a SEBI official told Reuters. SEBI did not respond to a request for comment. The regulator has completed a separate investigation into the group, but not yet issued orders, after Hindenburg Research in January 2023 alleged improper use of tax havens and stock manipulation, which the group has denied. Falls in Adani dollar bond prices on Friday included a 2.5c drop on the dollar for 2029 Adani Ports and Special Economic Zone bonds. At 87.8c, they are down more than 5c over the two sessions. Longer-dated maturities have fallen around 5c in two days and trade just below 80c. Adani Transmission and Adani Electricity Mumbai bond prices had similar declines. Investors are also watching to see if more Adani deals could be scuttled after Kenya cancelled a procurement process worth nearly $2 billion that had been widely expected to award control of the country's main airport to the group. It also nixed a 30-year, $736-million public-private partnership deal that an Adani Group firm signed with the energy ministry last month to construct power transmission lines. Adani Green also cancelled a scheduled $600 million U.S. bond sale. U.S. prosecutors say Adani, his nephew Sagar Adani and others bribed Indian officials to gain business advantages in renewable energy projects in India that benefited Adani Green and a company called Azure Power, which was listed on the New York Stock Exchange until late 2023. They are also accused of making misleading statements to the public, including U.S. investors, despite being made aware of the U.S. investigation in 2023. Adani has not appeared in public or commented on social media since the indictment and his whereabouts remain unclear. Indian authorities have not responded to opposition calls for a probe into the indictment, which came not long after Adani raised $1.5 billion through two share sales by flagship firm Adani Enterprises and power distribution arm Adani Energy Solutions. (Reporting by Scott Murdoch and Tom Westbrook; Additional reporting by Chris Thomas, Ira Dugal, Aditya Kalra and Krishna Das; Editing by Edwina Gibbs and Alexander Smith) (You can now subscribe to our Economic Times WhatsApp channel )

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