New Photo - Firefly Aerospace lifts IPO price range, targets $6 billion valuation amid space investment boom

Firefly Aerospace lifts IPO price range, targets $6 billion valuation amid space investment boom August 5, 2025 at 12:54 AM (Reuters) Northrop Grummanbacked Firefly Aerospace raised the proposed price range for its U.S. initial public offering on Monday and is now targeting a valuation of up to $6.

- - Firefly Aerospace lifts IPO price range, targets $6 billion valuation amid space investment boom

August 5, 2025 at 12:54 AM

(Reuters) -Northrop Grumman-backed Firefly Aerospace raised the proposed price range for its U.S. initial public offering on Monday and is now targeting a valuation of up to $6.04 billion in its U.S. listing, underscoring investor interest in space-related ventures.

The Texas-based space startup aims to raise $696.6 million by selling 16.2 million shares priced between $41 and $43 each. This compares with its prior proposed range of $35 to $39 per share.

Executives appear to be regaining their appetite for IPOs, buoyed by strong market debuts from tech-focused companies like design software firm Figma and stablecoin-issuer Circle.

Despite concerns over a potential labor market slowdown, resilient consumer spending and lower-than-expected tariffs have pushed equity markets to record highs.

At the top end of its revised range, Firefly's valuation would represent a significant jump from its Series D funding round in November, which valued it at more than $2 billion.

U.S. President Donald Trump has renewed federal focus on space capabilities, which have largely been outsourced to private-sector firms.

Major defense initiatives - including the $175 billion Golden Dome space-based defense program - have further spurred private investment into the sector.

Additionally, the recent tensions between Trump and SpaceX CEO Elon Musk have prompted a significant shift in the administration's relationship with Musk's company, which is a leading launch provider for the U.S. military and NASA.

Firefly is scheduled to price the deal on Wednesday and is expected to begin trading on the Nasdaq under the ticker symbol "FLY" the following day.

Goldman Sachs, J.P. Morgan, Jefferies and Wells Fargo Securities are the lead underwriters for the IPO.

(Reporting by Ateev Bhandari in Bengaluru; Editing by Shailesh Kuber and Tasim Zahid)

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Firefly Aerospace lifts IPO price range, targets $6 billion valuation amid space investment boom

Firefly Aerospace lifts IPO price range, targets $6 billion valuation amid space investment boom August 5, 2025 at...
New Photo - 2 dead, 6 injured in shooting at Los Angeles party, police say

2 dead, 6 injured in shooting at Los Angeles party, police say Greta Cross, USA TODAY August 5, 2025 at 12:10 AM Two people were killed and another six were injured in a shooting at a party in Los Angeles on early Monday, Aug. 4, local police said. At around 1 a.m. local time on Aug.

- - 2 dead, 6 injured in shooting at Los Angeles party, police say

Greta Cross, USA TODAY August 5, 2025 at 12:10 AM

Two people were killed and another six were injured in a shooting at a party in Los Angeles on early Monday, Aug. 4, local police said.

At around 1 a.m. local time on Aug. 4, Los Angeles police responded to a report of gunfire on the 1100th block of 14th Place, Los Angeles Police Department Police Information Officer Norma Eisenman told USA TODAY. Upon arriving at the scene, officers found two people dead and six others who had been struck by bullets. Six people were transported to a local hospital, Eisenman said.

Police had previously responded to the same location around 11 p.m. local time on Sunday, Aug. 3, Eisenman said. During that visit, police arrested an individual for possession of a firearm and cleared the area.

Eisenman said the two people who died included a man between 20 and 30 years old, and a woman around 50 years old.

Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at [email protected].

This article originally appeared on USA TODAY: Deadly LA party shooting leaves 2 dead, 6 hospitalized

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2 dead, 6 injured in shooting at Los Angeles party, police say

2 dead, 6 injured in shooting at Los Angeles party, police say Greta Cross, USA TODAY August 5, 2025 at 12:10 AM T...
New Photo - Family heartbroken after Hamas releases footage of a hostage left emaciated and unrecognizable

Family heartbroken after Hamas releases footage of a hostage left emaciated and unrecognizable Matt BradleyAugust 4, 2025 at 11:43 PM This screengrab from a video released Friday by the armed wing of the Palestinian militant group Hamas shows Israeli hostage Evyatar David looking weak and malnourish...

- - Family heartbroken after Hamas releases footage of a hostage left emaciated and unrecognizable

Matt BradleyAugust 4, 2025 at 11:43 PM

This screengrab from a video released Friday by the armed wing of the Palestinian militant group Hamas shows Israeli hostage Evyatar David looking weak and malnourished. (Hostages and Missing Families Forum / NBC News)

TEL AVIV — When Hamas released a video of Evyatar David, he looked so frail and emaciated that his father did not recognize his voice, the Israeli hostage's brother said Monday.

David, now 24, was partying at the Nova music festival in southern Israel on Oct. 7, 2023, when militants kidnapped him and 250 others nationwide during their sweeping terrorist attack in which 1,200 were killed.

Hamas prompted further international outcry this weekend when it posted footage of a markedly frail David alongside that of starving Palestinians — suffering from chronic food shortages under Israel's military operation and intensified blockade — in what his family sees as an attempt to use him as a propaganda tool.

Evyatar David. (Courtesy Jonathan Guttman)

"It breaks my parents' hearts," his older brother, Ilay David, 28, told NBC News on Monday in Tel Aviv about Galia and Avishay David.

He said he can't bring himself to watch the video, but his family has likened his brother's physical condition to images from the Holocaust. "It looks like pictures we all know from history class 80 years ago," said David, who before the attack worked as a youth counselor but now is focused full time on bringing his brother home.

The hostages were "being kept in a near-death situation," David said, adding that his brother "can barely speak" and he was so weak that their father couldn't recognize his voice.

He added that his brother "needs medical care right now, and if I am not able to speak about him, advocate for him, he may not survive."

The widespread starvation now playing out in Gaza has killed at least 170 people, 90 of them children, according to the Palestinian Health Ministry. There are around 20 hostages believed still alive after almost three years in captivity, according the latest Israeli tally.

From left, Ilay David, Evyatar David, their parents Galia and Avishay David, and sister, Ye'ela David. (Family photo)

Among them is David, who his brother described as a "brilliant guitar player" with the "kindest soul I know."

Ilay David added: "I love him, and he's my best friend."

David spoke out after President Donald Trump's envoy to the Middle East, Steve Witkoff, met with families of the hostages on Saturday and emphasized the administration's commitment to returning those still inside Gaza.

Israeli Prime Minister Benjamin Netanyahu also spoke "at length" with David's family on Saturday night, expressing "deep shock" at the recordings released by Hamas, his office said in a statement. He blamed Hamas for "deliberately starving" hostages and Palestinians by "preventing them from receiving aid."

Almost 61,000 people have been killed since the start of Israel's military campaign, according to Palestinian health officials. Recent international outcry about widespread malnutrition in the enclave has prompted Israel to pause fighting and let some aid in — but aid agencies say it's not enough.

David's brother blamed the terror group for using "him cynically in their own starvation campaign," and calling it the "peak of cruelty."

Ilay David said they are "worse than al Qaeda" and "worse than ISIS," two of the major terrorist groups that have brought misery to the Middle East in recent decades.

Evyatar David "still has faith, still has hope, that's what holds him sure," his brother said. "When he comes back — not if he comes back — we're going to take care of him, support him and he will be greater than before."

Matt Bradley reported from Tel Aviv, and Alexander Smith from London.

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Family heartbroken after Hamas releases footage of a hostage left emaciated and unrecognizable

Family heartbroken after Hamas releases footage of a hostage left emaciated and unrecognizable Matt BradleyAugust ...
New Photo - Former New York prison guard sentenced to 15 years for beating death of inmate

Former New York prison guard sentenced to 15 years for beating death of inmate August 5, 2025 at 1:17 AM FILE Correctional officer Christopher Walrath, center, appears in Oneida County Court, Monday, May 5, 2025, in Utica, N.Y.

- - Former New York prison guard sentenced to 15 years for beating death of inmate

August 5, 2025 at 1:17 AM

FILE - Correctional officer Christopher Walrath, center, appears in Oneida County Court, Monday, May 5, 2025, in Utica, N.Y., to enter a guilty plea for manslaughter in the December 2024 death of inmate Robert Brooks. (AP Photo/Michael Hill, file) ()

UTICA, N.Y. (AP) — A former corrections officer was sentenced to 15 years in prison Monday for his role in the death of a Black inmate whose beating by a group of guards at an upstate New York prison was captured on bodycam videos.

Christopher Walrath was one of six guards charged with murder in the death of Robert Brooks, who was pummeled at the Marcy Correctional Facility on Dec. 9. Walrath pleaded guilty to first-degree manslaughter in May under the first plea deal among the guards charged with murder.

"In that video, I see you and your fellow officers treating him as if his life holds no value at all, as if you're entitled to brutalize him for sport," Robert Brooks Jr., the victim's son, told the court.

The son said in his victim impact statement that, "I am not OK and I never will be."

Brooks had been serving a 12-year sentence for first-degree assault since 2017 and was transferred to Marcy from a nearby lockup on the night he was beaten. The videos show Brooks being struck in the chest with a shoe, lifted by his neck and then dropped.

Under questioning in May from Onondaga County District Attorney William Fitzpatrick, Walrath admitted that he and other guards assaulted Brooks, that he put Brooks in a chokehold, and that he struck the inmate's body and groin.

In addition to the six guards charged in February with murder, three more prison workers were indicted for manslaughter and another for evidence tampering. Prosecutors have said three other prison workers have reached agreements.

A guard pleaded guilty in May to attempted tampering with physical evidence and was sentenced to a one-year conditional discharge.

Trials were scheduled to begin in October for guards who have rejected plea deals.

Fitzpatrick also is prosecuting guards in the fatal beating of Messiah Nantwi on March 1 at another Marcy lockup, the Mid-State Correctional Facility. Ten guards were indicted in April, including two who are charged with murder.

Both prisons are about 180 miles (290 kilometers) northwest of New York City.

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Former New York prison guard sentenced to 15 years for beating death of inmate

Former New York prison guard sentenced to 15 years for beating death of inmate August 5, 2025 at 1:17 AM FILE Corr...
New Photo - MLB's Trade Deadline Put the Harsh Reality of Playoff Baseball on Display

MLB's Trade Deadline Put the Harsh Reality of Playoff Baseball on Display Taylor MercerAugust 4, 2025 at 9:00 PM Baseball loves its pageantry; the rituals, the tradition, the hope that a deadline deal might stitch together the flaws in a struggling contender.

- - MLB's Trade Deadline Put the Harsh Reality of Playoff Baseball on Display

Taylor MercerAugust 4, 2025 at 9:00 PM

Baseball loves its pageantry; the rituals, the tradition, the hope that a deadline deal might stitch together the flaws in a struggling contender. But it wasn't the splashy trade deadline fans spent weeks speculating about.

There were no ace starters flipping pennant races or dramatic moves that reshaped the power balance overnight. Instead, the 2025 MLB trade deadline turned out to be a mirror, one that showed just how much the game has changed when it comes to building playoff teams.

The usual chaos was still there. Fifty deals in two days, plenty of headlines, and no shortage of wheeling and dealing. But a closer look revealed that most of the action centered around bullpens, and contenders grabbed late-inning arms like lifelines. Familiar names like Carlos Correa made emotional returns. Starters, the traditional prize of deadline day, barely moved.

The deals that did happen told a story of teams trying to keep pace in a postseason landscape that's grown more unforgiving by the year. Let's try to follow the drama.

Arms, Not Aces

Image via Unsplash/Marcelo Cidrack

It's not that starting pitchers were forgotten. It's that teams hesitated. Shane Bieber was the biggest name to move, going from the Guardians to the Blue Jays, but he's thrown barely a dozen innings since elbow surgery. Zac Gallen, Dylan Cease, Joe Ryan, Mitch Keller—none of them left. Sandy Alcantara and Edward Cabrera stayed in Miami, their names surfacing only in speculation.

Instead, the league focused on relievers. Power arms flooded bullpens across contenders. The Yankees picked up David Bednar, Jake Bird, and Camilo Doval. The Mets scooped Ryan Helsley and Tyler Rogers. The Phillies landed Jhoan Duran. These were closers and high-leverage firemen, and their prices reflected that.

Highly rated prospects usually stay locked behind organizational glass. But not this year. The Padres traded Leo De Vries, the No. 3 overall prospect, for Mason Miller. De Vries is one of the most hyped infielders of the last decade. They went for a reliever instead, one with undeniable talent, yes, but still a bullpen arm.

Ryan O'Hearn at first, Freddy Fermin behind the plate, Ramon Laureano in left; the Padres made 2025 about now. That means a shallow roster suddenly has playoff shape. It also means the farm system is basically dust.

Teams aren't pretending anymore. They know postseason baseball is a grind of matchups and bullpen strategy. Relievers threw 51.9% of the innings in last year's playoffs. That's becoming a hard-coded trend that isn't reversing. Managers want fresh arms in short bursts, not seven innings of grit from a worn-down starter.

Desperation With a Deadline

Image via Unsplash/Towfiqu barbhuiya

The familiar urgency wasn't missing, but it looked different depending on where you stood.

The Astros brought back Carlos Correa. They got payroll relief in the deal, sure, but they also got comfort and familiarity. They know Correa. And he knows October.

The Mariners took one of the few big bats in Eugenio Suárez and added Josh Naylor for depth. Their infield was limp on power. Suárez is an upgrade. Naylor adds contact and consistency. Seattle didn't overhaul its identity, but it made its path forward more believable. That's not the same as safe.

Some teams leaned out, like the Dodgers; they didn't go big. Brock Stewart came in, along with Alex Call. Dustin May went to Boston, and there was no late push for an ace. Some would see this as inaction, but they're betting on health and internal recovery. That works if stars return on time. If not, they've got holes in key innings and no new arms to patch them.

The Brewers, too, didn't move for offense, though the need was glaring. Milwaukee plays contact-first. They could've added a right-handed slugger to challenge pitchers late in games, but they didn't. And with the Cubs in reach, that window won't stay open for long.

Boston and Minnesota were both passive. The Red Sox added Dustin May and reliever Steven Matz. Meanwhile, the Twins detonated half their roster. Correa, Duran, Paddack, Castro, Bader, Ty France—all gone. The front office called it a transition. Fans saw a surrender. Minnesota's ownership is weighing a sale. On the field, the team's now built around emptier lockers. No one wins a division like that.

What the Market Actually Said

Image via Unsplash/Joey Kyber

The deadline exposed discomfort. Teams contending for playoff spots leaned into late-inning upgrades. They knew postseason games depended more on relievers than rotations. The decisions reflected a structural truth: modern playoff baseball isn't built for the old formula.

Starters are useful for six innings in the regular season. In October, they might pitch three or maybe fewer. If a manager senses fatigue, it's over.

That also changes how teams spend. Prospect-heavy trades used to center around superstar bats or dominant aces. Now, elite relievers fetch top-tier returns. Organizations value leverage more than length.

There's also a balance between panic and purpose. The Mets added four relievers and Cedric Mullins in center field. Their pitching has carried them, but the bullpen has worn down. The Yankees, desperate to stay afloat while Aaron Judge recovers, reshaped their relief core and added platoon help.

Looking Ahead

Image via Unsplash/Kenny Eliason

Every deadline changes the board. This year reminded everyone that making the playoffs is different than surviving them.

The Phillies, Mets, Padres, and Yankees all have bullpen depth now to match their postseason goals. The Mariners added lineup balance. The Astros chose comfort and identity, while other teams hesitated. Some held prospects too tightly or froze, hoping for internal fixes.

October will show us who's really built for it. But this deadline has already shown who understands it.

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MLB’s Trade Deadline Put the Harsh Reality of Playoff Baseball on Display

MLB's Trade Deadline Put the Harsh Reality of Playoff Baseball on Display Taylor MercerAugust 4, 2025 at 9:00 ...
New Photo - Giannis Antetokounmpo continues to evaluate his future with Milwaukee Bucks: Report

Giannis Antetokounmpo continues to evaluate his future with Milwaukee Bucks: Report Leocciano CallaoAugust 5, 2025 at 1:40 AM Giannis Antetokounmpo's future with the Milwaukee Bucks remains uncertain, as fans continue to wait for his decision regarding the upcoming season.

- - Giannis Antetokounmpo continues to evaluate his future with Milwaukee Bucks: Report

Leocciano CallaoAugust 5, 2025 at 1:40 AM

Giannis Antetokounmpo's future with the Milwaukee Bucks remains uncertain, as fans continue to wait for his decision regarding the upcoming season.

With all the movement going on around the NBA, ESPN's Shams Charania appeared on First Take on Monday to give an update on the 30-year-old Bucks star's status. While Antetokounmpo seems to be in no hurry to decide, the NBA insider claims that teams are on the prowl in case he becomes available on the trade market.

"There are multiple teams I know of that are literally waiting right now on what decision Giannis Antetokounmpo makes," Charania said. "Waiting to see, does he actually hit the market? Training camps don't start till mid-September."

On the latest around Giannis Antetokounmpo and the Milwaukee Bucks for @FirstTake: pic.twitter.com/o931Lih53V

— Shams Charania (@ShamsCharania) August 4, 2025

"There have been examples in the past. Kyrie Irving was traded to the Boston Celtics in August when he got moved. Damian Lillard was actually traded to Milwaukee in September. So there are deals that happen late in summer."

[Join or create a Yahoo Fantasy Football league for the 2025 NFL season]

Milwaukee bested the Phoenix Suns to win just the second title in franchise history in 2021, but has struggled to follow up on the championship campaign. The Bucks fell to the Celtics in the second round in 2022. Since then, they have been eliminated in the first round of the playoffs in each of the past three years.

Rumors about the uncertainty of Antetokounmpo's future in Cream City escalated this past season following the early elimination against Indiana. Additionally, the Bucks waived Lillard after two seasons while he deals with an Achilles tear that he suffered against the Pacers in late April. Since then, Lillard signed a three-year deal to return to the Portland Trail Blazers, where he played for the first 11 years of his career.

Charania noted that a big factor in Antetokounmpo remaining with the Bucks is the likelihood of winning a second title with the team.

"There is nothing set in stone about whether or not Giannis Antetokounmpo stays in Milwaukee or whether he wants to leave elsewhere," Charania shared. "He's been evaluating his future this entire offseason. I reported way back in mid-May that he is open-minded about whether his best fit is in Milwaukee or in a trade. That process has been continuing. There's been some conversations he's having with his inner circle.

"The one big question that's been surrounding Giannis Antetokounmpo, surrounding his camp, is can he win another championship? Is this Bucks roster built for this upcoming season, for him to win his second championship?"

With teams being linked to him, Antetokounmpo recently proclaimed his love for Milwaukee in an interview with internet personality iShowSpeed (real name Darren Watskin Jr.).

"A lot of people are trying to convince me to play there," Antetokounmpo told Watkins when asked about moving teams. Watkins then asked if he plans to stay in Milwaukee, to which he replied, "Probably."

"We'll see, probably. I love Milwaukee," he continued.

Antetokounmpo has been in Milwaukee since the Bucks selected him with the 15th pick in the 2013 NBA Draft. Upon his arrival, the Bucks nurtured him to become a nine-time All-Star, two-time league MVP and franchise player. With suspense surrounding his time with the Bucks, Antetokounmpo remains on his three-year deal, which he signed in 2023.

His $186 million contract was meant to keep Antetokounmpo in Milwaukee through the duration of Lillard's deal before his abrupt dismissal. The current deal includes a player option for the 2027-28 season, per Spotrac.

Antetokounmpo averaged 30.4 points and 11.9 rebounds per game this past season as the Bucks finished fifth in the East with a 48-34 record.

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Giannis Antetokounmpo continues to evaluate his future with Milwaukee Bucks: Report

Giannis Antetokounmpo continues to evaluate his future with Milwaukee Bucks: Report Leocciano CallaoAugust 5, 2025...
New Photo - Oasis speaks out after man falls to his death at band's concert

Oasis speaks out after man falls to his death at band's concert Taijuan Moorman, USA TODAY August 4, 2025 at 10:50 PM Oasis is speaking out about a fan who died after a fall at the band's concert in the United Kingdom.

- - Oasis speaks out after man falls to his death at band's concert

Taijuan Moorman, USA TODAY August 4, 2025 at 10:50 PM

Oasis is speaking out about a fan who died after a fall at the band's concert in the United Kingdom.

According to London's Metropolitan Police, officers on duty and venue medics at Wembley Stadium for the concert Saturday, Aug. 2, responded to reports that a person had been injured.

Officers found the man, in his 40s, "with injuries consistent with a fall," according to a statement provided to USA TODAY Aug. 4. He was pronounced dead at the scene.

"We are shocked and saddened to hear of the tragic death of a fan at the show last night," the band said in a statement Aug. 3. "Oasis would like to extend our sincere condolences to the family and friends of the person involved."

Police also asked for people with any additional information about the incident to come forward. "The stadium was busy, and we believe it is likely a number of people witnessed the incident, or may knowingly or unknowingly have caught it on mobile phone video footage," the statement added.

A Wembley Stadium spokesperson said the concert, a part of the British rock band's highly anticipated reunion tour, "went ahead as planned."

"Our thoughts go out to his family, who have been informed and are being supported by specially trained police officers," the statement continued.

Paul Gallagher, brother of Oasis' Liam and Noel Gallagher, charged with rape, sex assault

The band, led by brothers Liam and Noel Gallagher, set off on the Oasis Live '25 reunion tour July 4. The sold-out, 41-date stadium run will play throughout the U.K., North America, Asia, Australia and South America until November. The North American jaunt kicks off Aug. 24 in Toronto and will also hit Chicago, East Rutherford, New Jersey and Pasadena, California, with Cage the Elephant opening all dates.

Contributing: Melissa Ruggieri

This article originally appeared on USA TODAY: Oasis concert death: Man dies at Wembley show after fall

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Oasis speaks out after man falls to his death at band's concert

Oasis speaks out after man falls to his death at band's concert Taijuan Moorman, USA TODAY August 4, 2025 at 1...

 

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