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The online gunseller with Donald Trump Jr. on its board makes its market debut. Shares plunge

The online gunseller with Donald Trump Jr. on its board makes its market debut. Shares plunge

By MATT OTT

WASHINGTON (AP) — Online firearms seller GrabAGun Digital Holdings, with the stock ticker “PEW,” made its market debut on Wednesday after board member and son of the U.S. president, Donald Trump Jr., rang the opening bell at the New York Stock Exchange.

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Shares of GrabAGun spiked at first but then sank, closing down nearly 24%.

GrabAGun, which also sells ammunition and firearm accessories on its website, went public through a merger with a special acquisition company, or SPAC, named Colombier Acquisition Corp. The Palm Beach, Florida, company said the transaction netted it more than $119 million, which GrabAGun said will be used for working capital and “other purposes to accelerate the company’s future growth.” read more

Disney sues Hong Kong company it says is selling illegal Mickey Mouse jewelry

Disney sues Hong Kong company it says is selling illegal Mickey Mouse jewelry

By ANDREW DALTON

LOS ANGELES (AP) — The Walt Disney Co. on Wednesday sued a Hong Kong jewelry company it accuses of selling illegal Mickey Mouse jewelry.

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The international media and entertainment conglomerate filed a lawsuit in federal court in Los Angeles against the Red Earth Group, which sells jewelry online under the name Satéur.

Disney says the rings, necklaces and earrings in Satéur’s “Mickey 1928 Collection” violate its trademark rights and that the Hong Kong company is deliberately trying to fool customers into thinking the pieces are official Disney merchandise. read more

Margaritaville at Sea unveils third and largest ship, the Beachcomber

Margaritaville at Sea unveils third and largest ship, the Beachcomber

Travelers who love to cruise will soon have a new vessel for “wasting away again” with the announcement of Margaritaville at Sea‘s newest and largest cruise ship.

At 102,500 gross tons — with room to accommodate 2,680 passengers at double occupancy and a maximum of 3,450 guests — the Beachcomber will eclipse the cruise line’s other two ships, the Islander and Paradise. The ship that will become the Beachcomber is currently operating as Costa Cruise Lines’ Costa Fortuna, which debuted in 2003 and sails in the Mediterranean Sea.

The vessel, which will continue to sail with Costa until late next year, features 13 passenger decks, expansive outdoor spaces and an eight-story center atrium.

The Costa Fortuna is currently sailing with Costa Cruises in the Mediterranean but will transition to become the Margaritaville at Sea Beachcomber late next year. (Courtesy Costa Cruises)
The Costa Fortuna is currently sailing with Costa Cruises in the Mediterranean but will transition to become the Margaritaville at Sea Beachcomber late next year. (Courtesy Costa Cruises)

“With the acquisition of our third ship in three years, we are proud to once again invite guests to step into the Margaritaville state of mind on the open ocean,” said Christopher Ivy, CEO of Margaritaville at Sea, in a news release. “The launch of the Margaritaville at Sea Islander was a significant moment for our company, and the acquisition of the Costa Fortuna, our largest ship to date, gives us another exciting opportunity to bring even more fun and escapism to guests from a new homeport.” read more

Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private

Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private

By SEUNG MIN KIM

WASHINGTON (AP) — President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, a public statement made less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the head of the nation’s central bank.

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Trump confirmed that in a White House meeting Tuesday night with about a dozen House Republicans he had discussed the “concept” of dismissing Powell, long a target because of his refusal to lower interest rates as Trump wants. read more

A look inside a lab making the advanced fuel to power growing US nuclear energy ambitions

A look inside a lab making the advanced fuel to power growing US nuclear energy ambitions

By JONATHAN MATTISE and JENNIFER McDERMOTT

OAK RIDGE, Tenn. (AP) — Near signs that warn of radioactive risk at Oak Ridge National Laboratory, a half-dozen workers from the nuclear power company X-energy are making what appear to be gray billiard balls. Inside, they’re packed with thousands of tiny black spheres that each contain a speck of uranium enriched beyond what today’s power plants use.

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The United States is chasing a new age of nuclear power that banks on domestic production of reactor fuel like X-energy is making, and though the work at Oak Ridge is unfolding across just 3,000 square feet, X-energy and others are already revving up for big production. read more