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Authorities allow Virgin Galactic to resume launches after mishap probe

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The U.S. Federal Aviation Administration has closed its mishap investigation into the July 11 Virgin Galactic Unity 22 launch

The Virgin Galactic aircraft had deviated from its assigned airspace on its descent

The FAA stated that Virgin Galactic had implemented changes that the agency had required upon how it communicates during flight.

The authority then confirmed that the Richard Branson backed company will be allowed to resume operations.

The FAA investigation:

The government investigation found the Virgin Galactic spacecraft had deviated from its assigned airspace upon its descent from space and the company failed to communicate the deviation to the FAA as required.

Virgin Galactic confirmed earlier this month it was planning another SpaceShipTwo flight from New Mexico, Unity 23, pending technical checks and weather. That flight is to carry three crew from the Italian Air Force and National Research Council, it added.

Virgin Galactic confirmed the FAA had accepted the corrective actions it proposed

The space company include updated calculations to expand the protected airspace for future flights and additional steps in the company’s flight procedures to ensure real-time mission notifications to FAA Air Traffic Control.

“The updates to our airspace and real-time mission notification protocols will strengthen our preparations as we move closer to the commercial launch of our spaceflight experience,” said Virgin Galactic Chief Executive Michael Colglazier.

Richard Branson was among six Virgin Galactic employees who took part in the July 2021 space mission, soaring more than 80 km above the New Mexico desert.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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