new video loaded: Ferry Crashed From Distracted Operator Looking At Phone, Officials Say
By Jake Lucas and Jorge Mitssunaga
November 20, 2025
Live Nation has filed a motion asking for a quick end to the antitrust case brought by the US Department of Justice against the company and its ticketing arm Ticketmaster.
In a memorandum supporting its motion for summary judgment, lawyers for Live Nation said the DoJ’s case against the company is based on “gerrymandered” evidence that doesn’t meet the legal criteria for monopoly power.
“Plaintiffs opened this case alleging that Live Nation had multiple, self-reinforcing monopolies and had – for fifteen years – engaged in ‘systematic’ and ‘intentional’ corruption of competition across ‘virtually every aspect of the live music ecosystem,’” lawyers wrote in the memorandum filed with the US District Court for the Southern District of New York on Tuesday (November 18).
“Strong words. If there was a lick of truth to them, one would expect plaintiffs to now have mountains of evidence demonstrating monopoly power and the anticompetitive effects of Live Nation’s conduct. And yet, after an 18-month investigation and a year of discovery, plaintiffs have barely a molehill.”
Live Nation’s lawyers asserted that the DoJ massaged data on Live Nation’s market share by excluding larger venues from its measure. It cited the DoJ’s own expert, whose calculations allegedly showed that Live Nation’s 86% market share in primary ticketing services drops to 49% when stadiums are included.
It cited a legal precedent where a court ruled that if an accused monopolist’s market share is less than 50%, “the plaintiff must offer additional evidence that that the defendant is able to exclude competition to avoid summary judgment.”
Using market share as a measure of monopoly power “is conceptually permissible – but only if the relevant markets are properly defined,” the memorandum stated. “Here, the alleged relevant markets are all gerrymandered in obvious and legally indefensible ways.”
The memorandum, which can be read in full here, asserted that the DoJ defined Live Nation’s market in this way “for the simple reason that if they included all major concert venues and the artists that seek to play in them, Live Nation and Ticketmaster’s market shares are too low to infer monopoly power and plaintiffs’ claims fail.”
Furthermore, Live Nation’s lawyers wrote, “Ticketmaster has lost over 30 points of market share since the merger [of Live Nation and Ticketmaster in 2010], a sure sign that it does not have monopoly power.”
“After an 18-month investigation and a year of discovery, plaintiffs have barely a molehill.”
Live Nation
The memorandum also attacked the government’s assertion that Live Nation used its market power to effectively coerce venues into signing exclusive ticketing contracts with Ticketmaster.
“To the contrary, every venue witness has testified that they seek and prefer exclusive ticketing contracts. And there is no competent evidence that exclusive contracting allows Ticketmaster to extract supracompetitive prices from venues, let alone by excluding competition from rivals.”
The memorandum asserts that the claims that Ticketmaster leveraged Live Nation-sponsored shows to secure exclusive ticketing contracts with venues is based on inadmissible hearsay.
“Plaintiffs resort to the testimony of other ticketing companies – not venues – asserting that someone told them that the reason they lost a ticketing contract negotiation to Ticketmaster was that someone else told their counterparty that choosing a different ticketing company would mean the venue would lose Live Nation shows. None of that evidence would be admissible at trial…”
The DoJ filed the antitrust suit against Live Nation and Ticketmaster in May 2024, alleging “monopolization and other unlawful conduct that thwarts competition in markets across the live entertainment industry.”
Earlier this year, federal court Judge Arun Subramanian rejected Live Nation’s attempt to dismiss parts of the DoJ’s case. The judge wasn’t swayed by the company’s arguments against prosecutors’ “tying” claim, which accused Live Nation of forcing artists to use its concert promotion services if they want to perform at Live Nation-owned venues.
Live Nation’s legal problems ramped up in September, when the Federal Trade Commission (FTC) sued Live Nation and Ticketmaster in a federal court in California, alleging that the company violated its own limits on batch purchases of tickets, as it profits from scalping activities.Music Business Worldwide
Forecasters warn more flooding, landslides expected as tens of thousands of people are evacuated from their homes.
Published On 20 Nov 2025
Authorities in Vietnam say at least 41 people have been killed in a barrage of torrential rain, flooding and landslides, as rescue crews worked to save stranded people from the rooftops of submerged homes.
Rainfall exceeded 150cm (60 inches) over the past three days in several parts of central Vietnam, a region home to a key coffee production belt and the country’s most popular beaches.
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At least 41 people have been killed across six provinces since Sunday, while the search was continuing for nine others, the environment ministry said on Thursday.
More than 52,000 houses were flooded, and nearly 62,000 people were evacuated from their homes, while several major roads remained blocked due to landslides, and one million customers were left without electricity.
A suspension bridge on the Da Nhim River in Lam Dong province was swept away on Thursday morning, the VietnamNet newspaper reported.
Photos taken by the AFP news agency also showed hundreds of cars underwater as flooding inundated entire city blocks in Nha Trang, a popular tourist spot on the coast.
Local business owner Bui Quoc Vinh said his ground-floor restaurants and shops were under about a metre (3.2 feet) of water in the city.
“I am worried about our furniture in my restaurants and shops, but of course I cannot do anything now,” he told AFP.
“I don’t think the water is going to recede soon, as the rain has not stopped.”
The national weather forecast agency has warned of more flooding and landslides on Friday, with heavy rain set to continue in the region.
Deputy Prime Minister Ho Quoc Dung told the leaders of three flood-affected provinces – Khanh Hoa, Dak Lak and Gia Lai – to mobilise the army, police and other security forces to “promptly relocate and evacuate people” to safe areas, according to a government statement.
Meanwhile, state media reported that rescuers using boats in Gia Lai and Dak Lak pried open windows and broke through roofs to assist residents stranded by high water on Wednesday.
Photographs shared in state media reports showed residents, including children, sitting on the roofs of flooded houses and calling for help via social media platforms.
“Any group out there please help! We’ve been sitting on the roof since 10pm last night, including kids and adults,” a resident of Khanh Hoa province posted on a local Facebook page.
Natural disasters have left 279 people dead or missing in Vietnam and caused more than $2bn in damage between January and October, according to the national statistics office.
The Southeast Asian nation is prone to heavy rain between June and September, but experts say the climate crisis has made extreme weather events more frequent and destructive.
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By James Sutherland on SwimSwam
The opening day of the 2025 Wolfpack Elite Invite kicks off this morning from Greensboro with heats in the 100 fly, 400 IM, 200 free and 100 breast.
‘A’ Final Qualifiers:
NC State claimed five of the eight lanes in tonight’s ‘A’ final of the women’s 100 fly to kick off the meet, with sophomore Leah Shackley leading the way.
Shackley was the lone swimmer to break 52 seconds, clocking 51.33 to fall just shy of the 51.19 season-best she set at the Raleigh Rumble.
Auburn’s Lora Komoroczy, who was competing in Hungary earlier this month, clocked 52.12 to qualify 2nd overall with a new season-best, while NC State’s Erika Pelaez (52.15) and Tyler Driscoll (52.19) took 3rd and 4th for the Wolfpack, both setting season-best times.
‘A’ Final Qualifiers:
NC State’s Aiden Hayes blasted his first sub-45 100 fly since the 2024 NCAA Championships to lead the men’s prelims in Greensboro, registering a time of 44.94 with 20.84/24.10 splits.
Hayes, 22, dipped under his season-best of 45.20, set in an October dual with Georgia Tech, showing some positive early-season momentum after missing the 2024-25 season with injury.
His sophomore teammate Kaii Winkler nabbed the #2 seed for the final in 45.42, knocking more than a half-second off his personal best time of 45.98, which was set back in December 2023.
The Auburn duo of Abdalla Nasr (45.75) and Sohib Khaled (45.85) had strong swims to advance in 3rd and 4th, with Nasr setting a new best time and Khaled 65 one-hundredths off his.
‘A’ Final Qualifiers:
NC State’s Lisa Nystrand cruised to the top seed in the women’s 400 IM, edging out teammate Katherine Helms in the fourth and final heat.
Nystrand, who has already been 4:08.78 this season, touched in 4:11.13 to hold off Helms, who put up a time of 4:11.84 to drop more than two seconds off her season-best time set at the Raleigh Rumble (4:14.09).
Auburn’s Maggie McGuire won the penultimate heat in 4:14.10, just shy of the personal best she set at the SMU Classic in October (4:13.71).
‘A’ Final Qualifiers:
Auburn freshman Luke Waldrep set a seismic lifetime best to advance 1st into tonight’s final of the men’s 400 IM, putting up a time of 3:44.28.
Waldrep, 19, obliterates his previous best time of 3:50.47, set in January 2024, in what was his first time racing the event in college. It also puts him well under the NCAA qualifying standard (3:46.19), though it’s still a bit off the 2025 NCAA invite time (3:41.61).
Another Tiger first-year, Maston Ballew, also set a big best time, clocking 3:45.73 to advance 3rd overall into the final and knock two and a half seconds off his previous best of 3:48.22.
BYU’s Tanner Nelson set a big season-best time of 3:44.51 to qualify 2nd into the final, which is notably faster than he was all of last season, having gone 3:45.52 at the 2025 Big 12s. His lifetime best of 3:42.87 stands from the 2022 NCAAs.
NC State’s Kyle Ponsler, who was 9th at NCAAs last season in 3:37.42, cruised to the 4th-fastest time this morning in 3:46.06.
‘A’ Final Qualifiers:
In her second swim of the morning, NC State sophomore Erika Pelaez grabbed the top seed in the women’s 200 free with a solid showing of 1:44.58 coming off a quick turnaround after the 100 fly.
Pelaez’s swim drops 25 one-hundredths off her season-best of 1:44.83, set at the Raleigh Rumble earlier this month. She set her lifetime best of 1:43.14 in October 2024 during her freshman year.
Duke’s Ali Pfaff (1:45.52) out-touched VT’s Carmen Weiler Sastre (1:45.57) and Auburn’s Bella Ekk (1:45.72) to win Heat 6 as he trio advanced 2-3-4 into the final, with Pfaff setting a season-best and Ekk a new personal best. On Oct. 30, Ekk set her previous best of 1:46.22 in a tri-meet with Tennessee and Louisville.
Army’s Molly Webber was just nine one-hundredths shy of the best time she set earlier this month in 1:46.07 to advance in 5th, while NC State freshman Lily King had a strong swim with a new season-best of 1:46.08 to move through in 6th.
‘A’ Final Qualifiers:
Arizona’s Tomas Lukminas blasted his way to a new personal best time in the 200 freestyle, touching in 1:31.88 to break 1:32 for the first time.
Lukminas, who split 21.35/23.51/23.37/23.65, dips under his previous best of 1:32.14, set at the 2025 NCAA Championships, where he finished 20th.
Coming into this week, no one had broken 1:32 in the NCAA this season, but that’s already changed with some invites hosting 800 free relays on Tuesday night.
NC State claimed the next three spots in the final, with Kaii Winkler backing up his 100 fly best time with a 1:32.78 showing for 2nd, Jerry Fox breaking 1:33 for the first time in 1:32.94 for 3rd, and Hudson Williams cracking 1:34 for the first time in 1:33.00 for 4th. Winkler’s swim was just shy of his season-best 1:32.51 set at the Raleigh Rumble.
‘A’ Final Qualifiers:
Wolfpack freshman Eneli Jefimova cruised to the top seed in the women’s 100 breast this morning in 58.01, putting her exactly one second clear of the field.
Jefimova, an Estonian native, set a lifetime best of 57.67 at the Georgia Tech Dual Meet Tournament in October, which ranked her 2nd in the nation entering this week.
Duke’s Kaelyn Gridley clocked 59.01 to qualify 2nd, just under four-tenths back of the season-best she set during a dual with VT in late October (58.46).
The third woman sub-1:00 this morning was Arizona senior Eleni Gewalt, who knocked 15 one-hundredths off her season-best in 59.62.
Tying for 8th were NC State teammates Aubree Brouwer and Lily Christianson, setting up a potential swim-off after they produced matching 1:00.90s in the prelims.
‘A’ Final Qualifiers:
Army’s Kohen Rankin paced a relatively slow preliminary of the men’s 100 breast, which saw no one under 52 seconds.
Rankin split 24.07/28.32 en route to a time of 52.39, one-tenth shy of his season-best set earlier this month in a dual against Penn State.
Auburn’s Uros Zivanovic, a 20-year-old Serbian, established a new season-best of 52.58 to qualify 2nd, while BYU’s Peter Etzold set a season-best and was just two-tenths off his PB in 52.60 to advance in 3rd.
Fresh off a best time in the 400 IM, Auburn freshman Maston Ballew set another PB in the 100 breast, breaking 53 seconds for the first time in 52.66 to move through to the ‘A’ final in 4th. Ballew set his previous best of 53.35 on Oct. 30.
Read the full story on SwimSwam: 2025 Wolfpack Elite Invite: Day 1 Prelims Live Recap
Senior Pentagon officials have arrived in Ukraine to “discuss efforts to end the war” with Russia, the US military says.
US Army Secretary Dan Driscoll held talks with Ukrainian Prime Minister Yulia Svyrydenko and was to see President Volodymyr Zelensky later.
Reports had surfaced on Wednesday that the US and Russia had prepared a new proposed framework to end the war, requiring major concessions from Ukraine including giving up territory and dramatically shrinking its military.
The White House said President Donald Trump had grown “frustrated” with both Russia and Ukraine “for their refusal to commit to a peace agreement” and his team had been working on a “detailed and acceptable” peace plan.
A senior US official confirmed to the BBC that special envoy Steve Witkoff had been “quietly working” on a plan and that he had received input from both the Ukrainians and the Russians “on what terms are acceptable to them to end the war”.
“Both sides will have to make concessions, not just Ukraine,” the official said.
Details of the draft 28-point plan emerged more than three weeks after Witkoff and his Russian counterpart Kirill Dmitriev are said to have spent three days in meetings in Miami, Florida.
Moscow has not confirmed or denied that a plan was worked out. Kremlin spokesman Dmitry Peskov said “contacts” had taken place with the US, but no “consultations or negotiations” were happening.
Citing people familiar with the matter, Axios, the Financial Times and Reuters have reported that the plans call for Kyiv to give up areas of the Donbas in eastern Ukraine that it still controls, to cut significantly the size of its armed forces and to forego many of its weapons.
Zelensky has repeatedly ruled out any territorial concessions to Russia.
Neither EU nor Ukrainian officials are believed to have been involved in drafting the new proposal, sparking fears it could be overwhelmingly favourable to Russia.
EU foreign policy chief Kaja Kallas warned that for any plan to work, it would need to have Ukrainians and their European allies on board, and French Foreign Minister Jean-Noël Barrot said “the Ukrainians do not want any form of capitulation”.
After meeting US officials, Ukraine’s prime minister did not address the rumoured plan but said their visit provided an “opportunity for representatives of the American administration to assess the situation on the ground and see the consequences of Russian aggression”.
On Wednesday Ukrainian officials said at least 26 people had been killed in a Russian missile and drone attack on blocks of flats in Ukraine’s western city of Ternopil. Another 22 people were missing at the site, Zelensky said in an update on Thursday.
Zelensky was in Turkey at the time of the Ternopil attack and unconfirmed Ukrainian reports suggested that talks had been planned with Trump’s envoy in Ankara but had then been called off.
Driscoll’s team is the most senior military group to travel to Kyiv since Trump took office in January.
He is joined by army chief of staff Gen Randy George, top US army commander in Europe Gen Chris Donahue, and Sergeant Major of the Army Michael Weimer.
There was no mention of the proposed framework when the US army secretary arrived in Kyiv late on Wednesday. Army spokesman Col David Butler said only that Driscoll and his team were there “on behalf of the [Trump] administration on a fact-finding mission to meet Ukrainian officials and discuss efforts to end the war”.
A Ukrainian official told CBS, the BBC’s US media partner, that talks on the trip would focus on the military situation on the ground – as well as plans for a possible ceasefire.
The unnamed official said: “Presidents Zelensky and Trump have already agreed to stop the conflict along the existing lines of engagement, and there are agreements on granting security guarantees.”
After talks with the US army secretary on Wednesday, Ukrainian Defence Minister Denys Shmyhal posted on X: “We focused on the next steps for implementing the historic defence agreements reached by President Zelensky and President Trump.”
Kyiv and its Western allies, including the US, have been calling for an immediate ceasefire along the vast front line but Moscow has ruled that out, repeating demands that Ukraine says amount to its de facto capitulation.
Earlier this month, Russian Foreign Minister Sergei Lavrov said Moscow’s pre-conditions for a peace deal – including ceding territory, tough curbs on the size of Ukraine’s military and the country’s neutrality – had not changed since President Vladimir Putin laid them out in 2024.
Meanwhile, a White House official confirmed to the BBC that special envoy to Ukraine Keith Kellogg would leave his post in January.
He reportedly decided that this would be a natural end to his time in the post, which requires Senate approval beyond 360 days.
Kellogg has been seen as an important advocate for Ukraine in the White House during a time when Trump has often appeared to side with Russia in the conflict.
If New York is the city that never sleeps, Dubai is the city that never stops building. This latest example of its constantly changing skyline, by Zaha Hadid Architects, consists of a residential skyscraper with a striking exoskeleton design inspired by traditional local craftsmanship.
The Symphony Tower will be located in the burgeoning Horizon district, a short distance from Downtown Dubai. The rectangular tower will rise out of a chunky base, while its exoskeleton structure – which literally places the building’s supports on its exterior – forms outdoor balcony and terrace spaces that should help take the sting out of the Dubai heat. Other notable exoskeleton buildings include Zaha Hadid Architects’ own Morpheus Hotel.
Bloomimages
Though not a total departure from the firm’s usual design language, the building is definitely more subtle than some of its other high-profile towers, such as the Yidan Center and Cityzen Tower. Indeed, instead of aiming to wow with dramatic swoops and futuristic fluid curves, it’s firmly rooted in local traditions.
“Drawing inspiration from the distinctive three-dimensional geometries and detailed embroidery of Al Sadu and Talli – the traditional Emirati crafts of weaving with metallic threads – the tower’s exoskeleton defines an interlaced facade that appears to transform in tone and depth as the sun moves across the sky throughout the day,” explains the studio.
“A variety of external spaces throughout the 42-story tower provide outdoor living areas for each apartment. Determined by the grid of the tower’s exoskeleton and accentuated by the varied depths of these outdoor spaces, this interwoven structure imbues a distinctive rhythm and texture to each facade, emulating the intricate patterning and craftsmanship of the embroidery fashioned by the Emirate’s traditional artisans.”
Its exact height has not yet been revealed, but we do know its 42 floors will be mostly dedicated to apartment space. Details on the apartment interiors themselves are still sparse, but the single image available depicts floor-to-ceiling glazing and a tasteful material palette. It’s also a safe bet that the furnishing will be suitably high-end. Additionally, renders show some of the balconies hosting greenery and private swimming pools, and there will be the shared amenities you’d expect too, including gyms, multiple pools, and a clubhouse.
Bloomimages
With the possible exception of timber towers, no skyscraper can reasonably be considered “green,” but the Symphony Tower will reduce its grid-based energy use with sustainability technology. Solar panels and batteries will be installed to power the tower’s lighting and it will include greywater recycling.
It will be constructed using recycled steel, so-called “low-carbon” concrete which is meant to reduce CO2 emissions, and modular construction methods to reduce landfill waste. The greenery used will be drought-resistant local species too.
The Symphony Tower is being developed by Imtiaz Developments. We’ve no word yet on when this one is expected to be completed.
Source: Zaha Hadid Architects
Earnings call transcript: Natuzzi targets profitability amid market challenges in Q2 2025
new video loaded: How Japan Is Tackling Its Bear Problem
By Javier C. Hernández, Nailah Morgan, Kiuko Notoya, Karen Hanley and Daishi Kusunoki
November 20, 2025
In an era of economic uncertainty and shifting regulations, the One Big Beautiful Bill Act (OBBBA) presents a notable opportunity for entrepreneurs and early-stage investors. Among its provisions is a significant overhaul of the Qualified Small Business Stock (QSBS) rules—changes that could dramatically reshape the financial future for countless founders.
QSBS has long been a valuable tool for founders and investors, allowing them to exclude the greater of $10 million or ten times their cost basis from capital gains tax when selling qualified stock of a domestic C corporation held for more than five years—provided certain conditions are met. The OBBBA enhances this framework by increasing the per-issuer limitation from $10 million to $15 million, indexed for inflation, for QSBS issued after July 4, 2025.
Even more transformative is the introduction of partial exclusions starting in year three, enabling founders and investors to access the exclusion sooner than ever before. For QSBS issued after July 4, 2025, eligible gains can be excluded on the following scale:
This phased approach is particularly significant in today’s fast-paced market, where the ability to pivot and adapt can mean the difference between success and failure. Founders can now plan their exits with greater flexibility, confident in the knowledge that they have options that were previously unavailable.
Previously, only Domestic C corporations with gross assets under $50 million could issue QSBS. The OBBBA raises that threshold to $75 million, opening the door for more companies to benefit from these tax advantages. This development maybe vital for startups and small businesses that often struggle to attract investment in a competitive landscape. By allowing larger capital influxes while preserving tax benefits, the OBBBA enables founders to scale their businesses more effectively.
The increased cap not only enhances tax benefits but also unlocks new strategies for capital raising, exit planning, and entity structuring. Companies that once exceeded the $50 million limit but now fall below the revised threshold can resume issuing QSBS until they again surpass the inflation-adjusted cap. This change presents a strategic opportunity for corporations to attract investors and employees, fostering growth.
The OBBBA also includes several provisions that may help corporations reduce the tax basis of their assets, enabling them to remain below the $75 million inflation-adjusted gross asset limitation and continue issuing QSBS longer. For research-heavy businesses, one key change is the immediate expensing of domestic research and experimental costs under Section 174A. Starting in 2025, these expenses will be fully deductible upfront, reducing asset basis and keeping balance sheets leaner. Additionally, the reinstated 100% bonus depreciation will further help companies manage their asset levels and extend their eligibility to issue QSBS longer.
While the OBBBA significantly enhances the appeal of QSBS, it’s important to remember that these benefits apply only to stock issued by domestic C corporations. This means founders must carefully weigh the trade-offs between forming a C corporation and opting for a pass-through entity such as an LLC or S corporation. C corporations are subject to double taxation—once at the corporate level on profits, and again when those profits are distributed to shareholders as dividends. In contrast, pass-through entities typically face only a single layer of tax, which can be more efficient in certain scenarios.
However, many startups don’t distribute profits in their early years, making the double taxation of C corporations less of a concern initially. In fact, the optimal QSBS outcome often involves retaining earnings taxed at the lower corporate rate and later excluding gains upon sale—provided the sale is structured as a stock transaction. This strategy requires thoughtful planning but can result in substantial tax savings for founders and investors.
The QSBS reforms found in the OBBBA are more than just tax tweaks—they’re a strategic invitation for founders to rethink how they grow and raise capital and plan exits. But these benefits won’t materialize automatically. Founders must proactively adapt to the new rules, assess their business structures, and plan with precision. For those who do, the rewards could be substantial. The increased cap, phased exclusions, and expanded eligibility create fertile ground for innovation and growth. In a challenging economic landscape, the OBBBA offers a rare tailwind—one that savvy entrepreneurs can harness to build stronger, more resilient businesses.
This material has been distributed for informational purposes only. Bernstein does not provide tax, legal, or accounting advice.
The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.
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