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Author: Scott Dylan
Scott Dylan, Founder of NexaTech Ventures, is an entrepreneur and investor, offering expert insights on AI, technology, and business transformation across global industries.
A major shareholder of Trump Media, who was also a contestant on ‘The Apprentice’, has divested nearly his entire holding in the social media company associated with former President Donald Trump.The shares sold were valued at approximately $100 million, notwithstanding recent volatility in the company’s stock price.The co-founder of Trump Media & Technology Group, Andy Litinsky, has sold the majority of his shares, retaining just 100 shares, regulatory filings reveal.This is a steep fall from the 7.5 million shares that United Atlantic Ventures, managed by Litinsky, held in late March.The sale comes amid ongoing legal battles between Litinsky and Trump…
The National Transportation Safety Board (NTSB) has issued an urgent safety warning for specific Boeing 737 models, including the 737 MAX. This comes as a significant concern for the aviation industry.The warning highlights potential issues with the rudder control mechanism, posing a risk of flight control jamming. This situation has prompted immediate attention from regulatory authorities and airlines.Details of the Safety WarningThe NTSB has identified a critical issue with the actuator attached to the rudder on some Boeing 737 NG and 737 MAX airplanes. This problem could lead to the rudder pedals becoming stuck in the neutral position, significantly affecting…
New York City Mayor Eric Adams, once a transit cop who rose to the city’s highest office, now finds his political career in jeopardy due to federal corruption charges unsealed on Thursday.The charges, which include bribery, wire fraud, and conspiracy, paint a damning picture of Mayor Adams as he allegedly misused his position for personal gain. Despite maintaining his innocence and expressing a commitment to his mayoral duties, the widespread allegations have left the city’s government in a state of disarray. The mayor’s ability to effectively govern the city is now being questioned, with many calling for his resignation.In a…
Federal prosecutors have levelled serious allegations against New York City Mayor Eric Adams, accusing him of a “long-running conspiracy” involving acceptance of luxury travel and gifts from foreign businesspeople, including at least one Turkish government official.Adams, who faces five federal public corruption charges, has denied any wrongdoing, claiming that his current legal troubles are politically motivated. This case contributes an additional layer of complexity to former President Donald Trump’s claims of a politically biased justice system.Federal agents conducted a search of Gracie Mansion, the official residence of the New York City Mayor, following the unsealing of charges against Eric Adams.…
The indictment against New York City Mayor Eric Adams has been unsealed, revealing allegations that he secretly solicited and accepted free benefits and illegal campaign donations from wealthy foreign individuals as far back as 2014.CNN senior legal analyst Elie Honig has weighed in on the seriousness of the charges, stating, “I do not think it is a slam dunk.” Honig highlighted the complexity of proving such allegations, particularly given the timeframe and the need to demonstrate a direct quid pro quo arrangement.The indictment suggests that Mayor Adams engaged in a systematic effort to secure illegal campaign contributions and personal benefits…
Filings from special counsel Jack Smith have introduced never-before-seen evidence in the election subversion case against Donald Trump. This evidence, including interview transcripts and notes from an investigation involving key figures such as former Vice President Mike Pence, Ivanka Trump, and former White House Chief of Staff Mark Meadows, has now been submitted to a federal court.District Judge Tanya Chutkan will now decide the extent to which this evidence will be made available to the public and the timing of such disclosures. The documents were filed under seal at 4:40 p.m. ET, according to Peter Carr, spokesman for the special…
Donald Trump has introduced a new line of high-priced watches, some retailing for as much as $100,000, marking the latest instance of the former president capitalising on his name in an unprecedented manner for a presidential candidate.The GOP nominee announced the release of Trump Watches on social media, just 40 days before the upcoming election. On a day when he did not appear on the campaign trail, Trump suggested to his supporters that these watches could serve as ideal Christmas gifts and directed them to a purchase link. The watches are priced at $499 with a particular series, Tourbillon, costing…
The top staffer to Mark Robinson, North Carolina’s lieutenant governor, is resigning. This decision follows a report highlighting Robinson’s inflammatory remarks on a pornography website.The resignation comes amidst a wave of high-profile departures from Robinson’s team. These exits raise questions about the stability of his gubernatorial campaign.Initial ResignationsBrian LiVecchi, chief of staff and general counsel to Mark Robinson, will resign next week. His resignation follows a CNN KFile report citing Robinson’s offensive and racist comments made on a pornography website’s message board.Robinson’s campaign has been shaken by multiple resignations. On Sunday, Robinson lost his campaign manager, deputy campaign manager, finance…
China’s newest nuclear-powered submarine sank earlier this year, and the Chinese Navy attempted to conceal the incident. The event has raised significant questions regarding the People’s Liberation Army’s internal processes and transparency.The submarine, part of the new Zhou-class line, was docked near Wuhan and sank in the spring.Satellite imagery confirmed the submarine’s absence from its dock in June after it was previously seen in March.The People’s Liberation Army Navy’s modernisation efforts are underscored by this incident, highlighting challenges in their defence industry.US defence officials and experts closely monitored the situation through satellite images from Maxar Technologies.China’s latest nuclear-powered submarine, a…
Plans for a new technology and skills hub at Airbus’s site in Filton, South Gloucestershire, have taken a significant step forward. This venture aims to enhance the skills landscape in aerospace and defence across the region.The aerospace giant has signed a ‘heads of terms’ agreement with Weston College, proposing a Manufacturing, Technology, and Skills Centre offering a range of industry-designed courses.The proposed Manufacturing, Technology, and Skills Centre is designed to bolster the aerospace and defence skills across the region. The collaboration between Airbus and Weston College is expected to offer a variety of courses and apprenticeships developed in consultation with…