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The rising price of paying the national debt is a risk for Trump's promises on growth and inflation WASHINGTON (AP) — Donald Trump has big plans for the economy. He also has big debt problem that'll be a hurdle to delivering on those plan. Trump has bold ambitions on tax cuts, tariffs and other programs. But high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. The federal debt stands at roughly $36 trillion, and the spike in inflation after the pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security. 'Wicked' and 'Gladiator' make gravity-defying theater debuts NEW YORK (AP) — “Wicked” and “Gladiator II” have debuted in theaters with a combined $270 million in ticket sales. Their worldwide performance breathed fresh life into global box office results that have struggled lately. Together the films turned the moviegoing weekend into one of the busiest of the year. Jon M. Chu’s lavish big-budget musical “Wicked,” starring Ariana Grande and Cynthia Erivo, debuted with $114 million domestically and $164.2 million globally. Ridley Scott’s “Gladiator II” is a sequel to his 2000 best picture-winning original and launched with $55.5 million in ticket sales. “Moana 2” is being released Wednesday, so it looks like Hollywood might be looking at historic sales over the Thanksgiving holiday. Trump's Republican Party is increasingly winning union voters. It's a shift seen in his labor pick WASHINGTON (AP) — Working-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members. It's a political shift spotlighting one of President-elect Donald Trump’s latest Cabinet picks: a GOP congresswoman, who has drawn labor support, to be his labor secretary. Oregon Rep. Lori Chavez-DeRemer narrowly lost her bid for a second term this month, despite strong backing from union members. They're a key part of the Democratic base but are gravitating in the Trump era toward a Republican Party traditionally allied with business interests. Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary WASHINGTON (AP) — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary. The Republican not only wanted someone who jibes with him, but an official who can execute his economic vision and look straight out of central casting while doing so. With his Yale University education and pedigree trading for Soros Fund Management before establishing his own funds, Bessent will be tasked with a delicate balancing act. Trump expects him to help reset the global trade order, enable trillions of dollars in tax cuts, ensure inflation stays in check, manage a ballooning national debt and still keep the financial markets confident. Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor WASHINGTON (AP) — President-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary. Bessent, 62, is founder of hedge fund Key Square Capital Management. He previously had worked on and off for Soros Fund Management since 1991. Trump also said he would nominate Russell Vought, 48, to lead the Office of Management and Budget, a position he held during Trump's first term. And Trump chose Rep. Lori Chavez-DeRemer, an Oregon Republican, as his labor secretary, and Scott Turner, a former football player who worked in Trump’s first administration, as his housing secretary. Afraid of losing the US-Canada trade pact, Mexico alters its laws and removes Chinese parts MEXICO CITY (AP) — Mexico has been taking a bashing for allegedly serving as a conduit for Chinese parts and products into North America. Officials here are terrified that a re-elected Donald Trump or politically struggling Justin Trudeau could simply expel their country from the U.S.-Mexico-Canada free trade agreement. Mexico's ruling Morena party is so afraid its has gone on a campaign to get companies to replace Chinese parts with locally made ones. And its legislators are consciously tweaking the wording of major laws to try to make them compatible with the trade pact's language. Mexico hopes the rules of the trade pact would prevent the U.S. or Canada from simply walking away. Australia withdraws a misinformation bill after critics compare it to censorship CANBERRA, Australia (AP) — Australia’s government has withdrawn a bill that would give a media watchdog power to monitor digital platforms and require them to keep records about misinformation and disinformation on their networks. Communications Minister Michelle Rowland said Sunday that the government was unable to drum up the support needed to pass the legislation. The opposition spokesman, David Coleman, said the bill “betrayed our democracy” and amounted to “censorship laws in Australia.” The bill would have granted the Australian Communications and Media Authority power over digital platforms by approving an enforceable code of conduct or standards for social media companies if self-regulation fell short. He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic NEW YORK (AP) — The last meatpackers in New York's Meatpacking District have agreed to end their leases early and make way for development on their city-owned lot. A third-generation meatpacker says he is ready to retire and he'll be proud to be there when the building closes. The closure date has not been set, but will mark the end of over a century of industrial life in the Meatpacking District. Starting in the 1970s, a new nightlife scene emerged as bars and nightclubs moved in. Today it's a hub for shopping, tourism, and recreation and only echoes of that grit remain. US budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. What to know about Scott Bessent, Trump's pick for treasury secretary WASHINGTON (AP) — President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary. Bessent is a past supporter of Democrats who has become an enthusiastic supporter of Trump. He’s an advocate of cutting spending while extending the tax cuts approved by Congress in Trump’s first term. He has said tariffs imposed during a second Trump administration would be directed primarily at China.Chester bus and train station alert – police say “we are now happy there is nothing untoward”
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CHARLESTON, S.C., Dec. 05, 2024 (GLOBE NEWSWIRE) -- As the holiday season approaches, it’s the perfect time to focus on winter wellness and thoughtful gifting ideas for health-conscious entertaining. Renowned Registered Dietitian Nutritionist, Mia Syn shares her top recommendations to help people feel their best while enjoying all the season has to offer. COMBAT HOLIDAY CONGESTION “So many of us look forward to holiday parties and quality time with loved ones,” says Syn, “But we often find ourselves battling sinus congestion from dry air, cold weather, or seasonal allergies.” Her go-to solution? The NEW Mucinex® Sinus Saline Nasal Spray, the first-ever saline product featuring a 2-in-1 nozzle with customizable spray settings. Consumers can choose the ‘Power Jet’ to tackle tough nasal congestion or the ‘Gentle Mist’ to clear everyday congestion and soothe your nose. With its dual-nozzle technology, Mucinex® Sinus Saline Nasal Spray helps relieve congestion caused by allergens, irritants, and colds. Available at major retailers, pharmacies, and on Amazon, you can find your nearest store at Mucinex.com . Direct link: https://www.mucinex.com/ Social Media Handle: Facebook: @mucinex IG: @mucinex_us HOLIDAY TREATS WITH A HEALTHY TWIST Syn also encourages swapping ingredients in traditional holiday recipes with better-for-you alternatives. “One of my favorite holiday ingredients is Almond Breeze Almondmilk,” she shares. “Santa might even prefer Almond Breeze with his cookies this year!” jokes Syn. Direct link: www.AlmondBreeze.com Social Media Handle: Facebook: Almond Breeze Instagram: @AlmondBreeze Twitter: @AlmondBreeze SKINCARE MUST-HAVES FOR WINTER Cold, harsh air can wreak havoc on your skin, causing dryness and accentuating fine lines. "Nobody enjoys that itchy, uncomfortable feeling that winter brings," says Syn, a skincare enthusiast. "That’s why I turn to Mediheal—a trusted name in Korean skincare that’s been raising the bar for years." Mediheal’s toner pads have become a hit on social media, especially on TikTok, where users are swearing by their magic. Leading the charge are two fan-favorite products: "Mediheal’s toner pads are absolute game-changers," Syn adds. "They’re versatile, targeting multiple skin concerns, so there’s something for everyone." With a diverse lineup of toner pads and skincare products designed to tackle winter skin woes, Mediheal cements its place as the ultimate go-to for glowing, healthy skin—even in the harshest seasons. For a limited time, the Madecassoside Blemish Pad, Collagen Ampoule Pad and Vitamide Brightening Pad will be available in festive holiday packaging—perfect for gifting to loved ones or treating yourself this season! Direct link: Mediheal Amazon Website Social Media Handle: Facebook: @Mediheal US Instagram: @mediheal_us TikTok: @mediheal_us Twitter (X): @medihealus About YourUpdateTV: YourUpdateTV is a property of D S Simon Media. The video included and release was part of a media tour that was produced by D S Simon Media on behalf of Almond Breeze, Mediheal, and Mucinex. Media Contact: Michael O’Donnell D S Simon Media 212-736-2727 modonnell@dssimon.com A video accompanying this release is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74283b19-564e-43c4-a467-440c7d109074
NEW YORK & NAPLES, Fla.--(BUSINESS WIRE)--Dec 17, 2024-- Coliseum Acquisition Corp., a Cayman Islands exempted company (“Coliseum”) (NASDAQ: MITA), today reminded shareholders to vote in connection with the proposed business combination between Coliseum and Rain Enhancement Technologies, Inc. (the “Business Combination”), and in connection with the proposed extension of time to complete the Business Combination (the “Extension”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217362143/en/ The extraordinary general meeting of Coliseum shareholders in connection with the Business Combination (the “Business Combination Meeting”) is scheduled to occur at 9:00 a.m. ET on December 23, 2024. Shareholders of record as of the close of business on November 26, 2024, the record date for the Business Combination Meeting, will be entitled to vote their shares at the Business Combination Meeting either in person or by proxy. Notice of the Business Combination Meeting was mailed on December 10, 2024 to shareholders of record as of November 26, 2024. The parties are working together to expeditiously satisfy the conditions to completing the Business Combination, however, there can be no assurance that the Business Combination will be consummated within the time period required by Coliseum’s governing documents, which currently provide that Coliseum must consummate its initial consummation by December 25, 2024. Accordingly, Coliseum has mailed to shareholders of record as of November 26, 2024, a proxy statement relating to a shareholder meeting to seek approval of an extension of the time that Coliseum has to complete the Business Combination (the “Extension Meeting”). The Extension Meeting is scheduled to occur at 9:00 a.m. ET on December 23, 2024. Coliseum intends to bring the proposals to approve the Extension and related matters to a vote of shareholders during the Extension Meeting if Coliseum determines that additional time is necessary to complete the Business Combination. Notice of the Extension Meeting was mailed on December 13, 2024 to shareholders of record as of November 26, 2024. Coliseum urges shareholders to vote FOR all items submitted for shareholder approval at the Business Combination Meeting and, if necessary, FOR all items submitted for shareholder approval at the Extension Meeting. Shareholders who have not yet voted so are encouraged to vote as soon as possible. If any such shareholders have questions or need assistance in connection with the Business Combination Meeting or the Extension Meeting, please contact the Company’s proxy solicitor, Sodali & Co., by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing MITA.info@investor.sodali.com . Redemption Requests Coliseum public shareholders are entitled to submit their public shares for redemption in connection with both the Business Combination Meeting and the Extension Meeting. On December 16, 2024, the redemption price per public share was approximately $11.39, which is expected to be the same approximate amount two (2) business days prior to each of the Business Combination Meeting and Extension Meeting. Shareholders who wish to ensure that their public shares are redeemed in the event that either the Business Combination is consummated or the Extension is implemented must instruct Coliseum’s transfer agent to redeem such shares in connection with both the Business Combination Meeting and the Extension Meeting, no later than the redemption deadline for each meeting, which is December 19, 2024, at 5:00 p.m. ET. Coliseum cannot assure you whether it will hold the Business Combination Meeting or the Extension Meeting on December 23, 2024. If Coliseum holds the Business Combination Meeting and completes the Business Combination, any public shares submitted for redemption in connection with the Business Combination Meeting will be redeemed; however, shares submitted for redemption solely in connection with the Extension Meeting will not be redeemed in connection with the Business Combination, and such shareholders will remain shareholders of the combined company. If Coliseum holds the Extension Meeting and implements the Extension, any public shares submitted for redemption in connection with the Extension Meeting will be redeemed; however, shares submitted for redemption solely in connection with the Business Combination Meeting will not be redeemed in connection with the Extension, and such shareholders will remain shareholders of Coliseum. Shareholders who wish to withdraw their previously submitted redemption request may do so prior to the taking of the shareholders’ vote at the Business Combination Meeting and/or the Extension Meeting, or thereafter with Coliseum’s consent, by requesting that the transfer agent return such shares. You may contact the transfer agent, Continental Stock Transfer & Trust Company, at 1 State Street, 30th Floor, New York, New York 10004, Attn: SPAC Redemption Team, or by email at spacredemptions@continentalstock.com . Proposals to be Submitted for Vote at the Business Combination Meeting At the Business Combination Meeting, Coliseum will seek shareholder approval of (1) a proposal to approve and adopt the Business Combination Agreement, dated as of June 25, 2024 and amended on August 22, 2024, by and among Coliseum, Rain Enhancement Technologies, Inc., and the other parties thereto, (2) a proposal to approve and adopt the plan of merger in connection with the Business Combination, and (3) adjournment of the Business Combination Meeting. Proposals to be Submitted for Vote at the Extension Meeting At the Extension Meeting, Coliseum will seek shareholder approval of: The foregoing proposals will not be implemented if Coliseum completes its initial business combination on or prior to December 25, 2024. About Rain Enhancement Technologies, Inc. RET was founded to provide the world with reliable access to water, one of life’s most important resources. To achieve this mission, RET aims to develop, manufacture and commercialize ionization rainfall generation technology. This weather modification technology seeks to provide the world with reliable access to water, and transform business, society and the planet for the better. About Coliseum Acquisition Corp. Coliseum Acquisition Corp. is a special purpose acquisition company whose business purpose is to effectuate a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. Additional Information about the Business Combination and Where to Find it As previously disclosed, Coliseum entered into a Business Combination Agreement with Rain Enhancement Technologies, Inc. (“RET”), Rain Enhancement Technologies Holdco, Inc. (“Holdco”), and the other parties thereto, dated June 25, 2024, as subsequently amended on August 22, 2024, which provides that, subject to the satisfaction or waiver of the conditions therein, Coliseum will complete the Business Combination. The Business Combination will be submitted to shareholders of Coliseum for their consideration. The Registration Statement on Form S-4 (File No. 333-283425) (as amended, the “Registration Statement”) filed by RET and Holdco, which was declared effective by the Securities and Exchange Commission (“SEC”) on December 10, 2024, includes a proxy statement/prospectus that is both the proxy statement of Coliseum and a prospectus of Holdco relating to the shares to be issued in connection with the Business Combination (the “Proxy Statement/Prospectus”). The definitive Proxy Statement/Prospectus was mailed to Coliseum’s shareholders of record as of November 26, 2024, the record date established for voting on the Business Combination. Coliseum, RET, and/or Holdco may also file other relevant documents regarding the Business Combination with the SEC. This press release does not contain all the information that should be considered concerning the Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. Before making any voting or investment decision, investors, security holders of RET, Coliseum, and other interested persons are urged to read the Proxy Statement/Prospectus and any amendments or supplements thereto in connection with Coliseum’s solicitation of proxies for its extraordinary meeting of shareholders to be held to approve, among other things, the Business Combination, because these documents will contain important information about Coliseum, RET, Holdco, and the Business Combination . Investors and security holders will also be able to obtain free copies of the Registration Statement, the Proxy Statement/Prospectus, and all other relevant documents filed or that will be filed with the SEC by Coliseum, RET and/or Holdco through the website maintained by the SEC at www.sec.gov . The documents filed by Coliseum, RET, and/or Holdco with the SEC also may be obtained free of charge upon written request to Coliseum at Coliseum Acquisition Corp., 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144. Additional Information about the Extension and Where to Find it Coliseum filed with the SEC a definitive proxy statement dated December 13, 2024 (the “Extension Proxy Statement”) in connection with Coliseum’s solicitation of proxies for the vote by Coliseum shareholders at the Extension Meeting. The Extension Proxy Statement was mailed to Coliseum’s shareholders of record as of November 26, 2024, the record date established for voting on the Extension. Coliseum may also file other relevant documents regarding the Extension with the SEC. This press release does not contain all the information that should be considered concerning the Extension and is not intended to form the basis of any investment decision or any other decision in respect of the Extension. Before making any voting or investment decision, investors, security holders of Coliseum, and other interested persons are urged to read the Extension Proxy Statement and any amendments or supplements thereto in connection with Coliseum’s solicitation of proxies for its extraordinary meeting of shareholders to be held to approve, among other things, the Extension, because these documents will contain important information about Coliseum and the Extension . Investors and security holders will also be able to obtain free copies of the Extension Proxy Statement and all other relevant documents filed or that will be filed with the SEC by Coliseum through the website maintained by the SEC at www.sec.gov . The documents filed by Coliseum with the SEC also may be obtained free of charge upon written request to Coliseum at Coliseum Acquisition Corp., 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144. Participants in the Solicitation Coliseum, RET, Holdco and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies of Coliseum’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers, and information regarding their interests in the Business Combination and their ownership of Coliseum’s securities are, or will be, contained in Coliseum’s filings with the SEC, and such information and names of RET’s directors and executive officers is also contained in the Registration Statement, which includes the Proxy Statement/Prospectus. You may obtain free copies of these documents using the sources indicated above. Coliseum and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Extension. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the Extension Proxy Statement. You may obtain free copies of these documents using the sources indicated above. Forward-Looking Statements Certain statements included in this press release are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “may,” “will,” “anticipate,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of RET’s and Coliseum’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be viewed by any investor as, a guarantee, an assurance, a prediction or a definitive statement of factor probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of Coliseum, RET, and Holdco. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions; the ability of the parties to successfully consummate the Business Combination; the ability to satisfy the conditions to the consummation of the Business Combination, including the approval of the Business Combination by Coliseum’s shareholders and the satisfaction of the minimum cash condition; the amount of redemption requests made by Coliseum’s public shareholders; the effect of the announcement and pendency of the Business Combination on RET’s business; RET’s ability to manage future growth; Holdco’s ability to meet the listing standards of Nasdaq; the failure to obtain, maintain, adequately protect, or enforce RET’s intellectual property rights; the numerous regulatory and legal requirements that RET will need to comply with to operate its business; the concentrated ownership of Holdco’s stock in RET’s principal stockholders; and the other risks presented elsewhere herein and in the Registration Statement. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Registration Statement, along with the risks and uncertainties described in the “Risk Factors” section of Coliseum’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by Coliseum, Holdco, and RET from time to time with the SEC. There may be additional risks that neither Coliseum, Holdco, nor RET presently know or that Coliseum, Holdco, and RET currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements. Any forward-looking statement speaks only as of the date on which it was made, based on information available as of the date of this press release, and such information may be inaccurate or incomplete. Coliseum, Holdco, and RET expressly disclaim any obligation or undertaking to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Information regarding performance by, or businesses associated with, RET’s or Holdco’s management team or businesses associated with them is presented for informational purposes only. Past performance by RET’s or Holdco’s management team and its affiliates is not a guarantee of future performance. Therefore, you should not place undue reliance on the historical record of the performance of RET’s or Holdco’s management team or businesses associated with them as indicative of RET’s or Holdco’s future performance of an investment or the returns RET or Holdco will, or is likely to, generate going forward. No Offer or Solicitation This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, or a recommendation to purchase, any securities in any jurisdiction, or the solicitation of any proxy, vote, consent or approval in any jurisdiction with respect to any securities or in connection with the Business Combination or Extension. There shall not be any offer, sale or exchange of any securities of RET, Holdco, or Coliseum in any jurisdiction where, or to any person to whom, such offer, sale or exchange may be unlawful under the laws of the jurisdiction prior to registration or qualification under the securities laws of any such jurisdiction. View source version on businesswire.com : https://www.businesswire.com/news/home/20241217362143/en/ CONTACT: Investors RainwaterTechIR@icrinc.comMedia RainwaterTechPR@icrinc.com KEYWORD: FLORIDA NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ENVIRONMENT FINANCE UTILITIES PROFESSIONAL SERVICES ENERGY OTHER NATURAL RESOURCES OTHER SCIENCE SCIENCE NATURAL RESOURCES SOURCE: Coliseum Acquisition Corp. Copyright Business Wire 2024. PUB: 12/17/2024 06:06 PM/DISC: 12/17/2024 06:05 PM http://www.businesswire.com/news/home/20241217362143/en'I don't know how I pulled it off': country dux scrapes into dream uni course