Categories
Science

China plans to land people on the moon by 2030 as a part of its bold lunar agenda

Weiren Wu, the chief designer of China’s Lunar Exploration Program (CLEP), recently announced an ambitious plan to place Chinese footprints on the lunar surface by 2030. This announcement comes just ahead of this year’s Space Day of China, an annual event that is celebrated on April 24 to showcase the achievements of the space industry to the China National Space Administration (CNSA).

“By 2030, the Chinese will definitely be able to walk on the moon. It’s not a problem,” Wu said in an interview with China Media Group (CMG). This latest announcement comes less than a year after CLEP received government approval from China to begin Phase 4 of CLEP, whose program structure consists of four phases of robotic lunar exploration, with the first three phases having achieved an impeccable success rate.

Phase 1 consisted of two missions, the first of which, the Chang’e-1 lunar orbiter, was the first Chinese lunar mission and was launched in October 2007. After a successful mission, she intentionally crashed on the moon in March 2009. The second mission was the lunar orbiter Chang’e-2, launched in October 2010 and after a successful primary mission in lunar orbit, the mission was expanded to explore asteroid 4179 Toutatis, which it successfully performed in December 2012. Contact with the spacecraft was lost in 2014.

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Phase 2 consisted of three missions, the first of which was the Chang’e-3 lunar lander/rover combination, launched in December 2013 and currently active. The second mission was Queqiao-1, launched in May 2018 to serve as a relay satellite sent to the Earth-Moon L2 Lagrange point to communicate with Chang’e-4, launched in December 2018 and a combination moon was Lander and Rover, the latter was called Yutu-2. This was also the first soft landing on the far side of the moon in history.

Image of the Yutu-2 rover moving away from the Chang’e-4 lander in January 2019. (Source: China National Space Administration)

Phase 3 consisted of two missions, the first being the Chang’e-5 T1 experimental test flight, launched in October 2014 and designed to test the various rendezvous and capsule technologies that would be required for a lunar sample return mission to come to an end Conducted in 2020 with Chang’e-5 when it successfully returned 1731 grams of lunar regolith to Earth.

Phase 4 will consist of four missions, the first of which will be the Queqiao-2 relay satellite, due to be launched in 2024 and will function in the same way as its predecessor for the remaining Phase 4 lunar missions, Chang’e-6, -7 and -8 to be launched in May 2024, 2026 and 2028 respectively.

“There is a relay satellite up there, the main function of which is to solve the communication problem between Earth and them, and also to support Chang’e-7 and Chang’e-8 since they will land in different places,” Wu said.

Wu also discussed how Chang’e-6, planned as another lunar sample return mission, will collect and bring back lunar samples from the far side of the moon in 2024. He notes that this will be the first time in history that lunar samples taken from the far side of the moon will be returned to Earth. The Chang’e-7 mission will travel to the south pole of the moon with the main objective of looking for evidence of water that may be there.

“We hope to find water there. If water is ever found, it would be great news for human survival on the moon,” Wu said.

In the final mission of the fourth phase, Chang’e-8 will work with Chang’e-7 to provide the framework for the construction of a future lunar research station near the lunar south pole, which will be used to better understand local resource use, too known as ISRU, on the moon.

Wu also revealed China’s ambitious goal of establishing a moon-centric space internet to help with future lunar missions as well.

“We are building a satellite constellation around the moon, a system that can provide communications, navigation and remote sensing services. After that, we can carry out future space exploration,” Wu said.

While CNSA has already laid out a well-executed lunar exploration program along with a blueprint for the coming years, Wu discussed establishing an international lunar research station, also called ILRS, with the goal of completing the basic structure of the outpost by 2030, stressing that China is ready to invite international scientists and partners to participate in the project.

Image from a video animation showing the Lunar Research Station discussed by CLEP Chief Designer Weiren Wu. (Source: China Media Group)

“The international lunar research station built by China is open (to international partners),” Wu said. “We welcome the participation of developed countries such as the United States and European countries. We also hope that the BRICS countries and some underdeveloped African countries will join us. We have proposed an initiative for everyone to sign contracts, agreements or strategic memoranda of understanding.”

Not only is China making incredible strides in lunar exploration, it also has an active space station, Tiangong, which when fully assembled will be a four-module platform in low-Earth orbit, with the third and most recent module, Mengtian, launched into space was launched in October 2022 and the last module, Xuntian, is currently scheduled to be launched in 2024.

As always, keep doing science and keep looking up!

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Entertainment

What Helped Tom Pelphrey & Kaley Cuoco Go away Their Daughter for Date Night time

“I was looking forward to it,” Tom previously told E! news of paternity. “They obviously have an idea of ​​what it could be and how cool it could be. Nothing compares to the actual feeling. It’s so wild.”

In fact, Tom said he “dipped right in” and quickly learned all the tips and tricks of parenting. “I changed all the diapers in the hospital. Kaley was happy about that,” he recalls. “It was amazing in a surprising, beautiful and magical way how intuitively I felt I understood how to care for this baby and what it needs.”

And though Matilda had her “fussy” moments, the Ozark grad shared the second, “She makes these little noises and coos, your heart just melts.”

“All I want to do is sit at home with Kaley and the baby and never leave the house,” he added. “It’s a miracle. We are so happy.”

Love & Death premieres April 27 on HBO Max.

Categories
Sport

Supply – Aaron Rodgers contract restructuring helps Jets with cap

FLORHAM PARK, NJ — Aaron Rodgers has done a solid service for his new team, restructuring his massive contract and allowing the New York Jets to execute the blockbuster trade without having to take significant steps to stay under the salary cap.

Prior to the trade, Rodgers and the Green Bay Packers were converting a $58.3 million option bonus payable in 2023 to a 2024 base salary, a source told ESPN’s Dan Graziano. As a result, he’s making just $1.165 million this season — the minimum base salary. This is also its upper limit.

Under his previous contract — last year’s three-year, $150 million extension — the Jets would have inherited a $15.8 million cap. That’s relatively small for a player of his caliber, but it would have put the Jets millions of dollars over the cap.

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By deferring the $58.3 million option bonus to next year — the bonus is fully guaranteed — Rodgers’ compensation for 2024 increases to $107.55 million. That consists of an original $47 million option bonus, plus $1.21 million minimum wage, plus this year’s $58.3 million bonus.

Once the Jets exercise the $47 million option bonus, they can spread the cap hit over the remainder of the contract, which runs through 2027. You could add an empty year to spread it out over five, lowering the cap fees. If they do nothing but collect the $47 million option bonus, his 2024 cap hit would be $71.26 million.

Jets and Rodgers agent David Dunn is already in talks to restructure the deal again, Rodgers confirmed after Wednesday’s news conference. Chances are he’ll have a new deal by the time training camp begins.

Rodgers, 39, hasn’t committed to playing in 2024 but he has strongly indicated he plans to do so, saying: “They definitely gave up some picks for me to be here so this isn’t like one and done in my mind.”

The compensation package included a 2023 second-round pick and a 2024 conditional 2nd-rounder who upgrades to a 1st-rounder if he plays at least 65% of offensive snaps.

For now, however, the placeholder deal allows the Jets to sign draft picks and pursue free agents. They’re under the $7.4 million cap, according to NFLPA data. On Wednesday, they created about $3.5 million in space by tweaking John Franklin-Myers’ contract on the defensive end, a source told ESPN’s Field Yates.

Categories
Health

Eli Lilly (LLY) Q1 Earnings 2023

Eli LilliFirst-quarter results missed expectations on Thursday, but the drug company raised its full-year guidance.

Before releasing the results, the company also reported positive data on its weight-loss drug, Tirzepatide.

Eli Lilly’s stock closed nearly 4% higher at $390.35 per share.

The company’s revenue declined 11% from the year-ago quarter, driven by a $1.5 billion decline in sales of its Covid-19 antibodies. Lilly reported sales of $6.96 billion for the quarter, slightly beating analysts’ expectations, but sales declined from $7.81 billion in the year-ago quarter.

The company posted adjusted earnings of $1.62 per share, falling short of analysts’ expectations of $1.73 per share for the quarter.

Here’s how the company compares to analyst estimates compiled by Refinitiv:

  • Adjusted earnings: $1.62 per share versus $1.73 per share expected
  • Revenue: $6.96 billion versus $6.86 billion expected

The company reported net income of $1.3 billion, or $1.49 per share, for the quarter, down 29% from the first quarter of 2022.

Eli Lilly raised its forecast for the year largely due to the US dollar’s weakening against major currencies. The company expects revenue of between $31.2 billion and $31.7 billion compared to previous guidance of $30.3 billion to $30.8 billion.

The company raised its adjusted earnings guidance to between $8.65 and $8.85 per share for the year, up from $8.35 to $8.55.

Lilly also released data on its weight-loss drug Tirzepatide on Thursday morning ahead of the win. Patients who were overweight and had type 2 diabetes lost an average of between 30 and 34 pounds, depending on the dose, compared with 7 pounds in the placebo group.

Lilly plans to complete its application for Food and Drug Administration approval in the coming weeks.

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The FDA approved tirzepatide under the brand name Mounjaro in May 2022 for the treatment of adults with type 2 diabetes. Lilly’s Mounjaro revenue was approximately $567 million in the first quarter.

Sales for several of Lilly’s key products increased year over year. Revenue for Trulicity, Lilly’s weekly injectable for type 2 diabetes, was $1.98 billion for the quarter, up 14% from $1.74 billion for the same period last year.

Sales of Verzenio, Lilly’s breast cancer pill, rose 60% to $751 million, compared to $469 million in the first quarter of 2022.

And sales of Jardiance, a pill that lowers blood sugar in patients with type 2 diabetes, rose 38% to $578 million, compared with $419 million for the same period last year.

Correction: Lilly’s revenue in Mounjaro was about $567 million in the first quarter. A previous version incorrectly stated the figure.

Categories
Technology

Now you can pre-order the model new DJI Mavic three Professional drone

When it comes to emerging technologies, drones offer a lot of potential, not only in terms of usability but capabilities as well. The drone applications we see frequently, perhaps for photography or videography, only scratch the surface. For example, they can be used in construction to transport goods, scan construction sites, or even in e-commerce – Amazon’s drone delivery service is a good example. Therefore, any new model or upgrade that takes the technology in a new and innovative direction is certainly welcome. That’s exactly what DJI has done with its Mavic 3 Pro drones, and while you might not find them in the best drone deals just yet, you can pre-order them in some excellent bundles. These packages contain just about everything you need to get started flying right away, plus a little more.

DJI Mavic 3 Pro with DJI RC Remote Control Aerial Pack – $2,199

What’s included:

  • DJI Mavic 3 Pro drone
  • DJI RCI remote control with screen
  • Intelligent Flight battery
  • Additional flight accessories (propellers, control sticks, more)

Excellent for aerial photography, but suitable for everyone, this bundle includes the new DJI Mavic 3 Pro with a remote control that features an integrated screen. You also get some accessories, like spare low-noise propellers, a 43-minute Intelligent Flight battery, power adapters, and a pair of control sticks.

The Mavic 3 Pro brings drone photography and videography to the next level thanks to the 4/3 CMOS sensor, equivalent to the 24mm format, an f/2.8 f/11 lens that allows 20MP recordings, to a whole new level. You also get 5.1K quality video at 50fps or 4K quality at 120fps with a dynamic range of up to 12.8 stops, and that’s all just Hasselblad’s main camera. There’s an additional mid-telephoto camera with similar specs. Omnidirectional obstacle detection keeps the drone aloft via eight sensors that can detect obstacles and oncoming objects and plan safer routes.

DJI Mavic 3 Pro Cine with DJI RC Pro Controller Flagship Bundle – $4,799

Product image of the Mavic 3 Pro flagship bundle.

What’s included:

  • DJI Mavic 3 Pro drone
  • DJI RCI remote control with screen
  • Three Intelligent Flight Batteries
  • Additional flight accessories (propellers, control sticks, more)
  • Apple ProRes with 1TB of storage
  • shoulder bag

It’s the same drone in this bundle, the DJI Mavic 3 Pro, so you get the same specs, including the awesome Hasselblad main camera, but you get a few more accessories here too. For example, you get two extra batteries for a total runtime of 129 minutes, or 43 minutes per battery. It also includes Apple ProRes support with 1TB of internal storage for videos and media.

Professional photographers and videographers will of course love this package, but so will anyone who wants to take the hobby to the next step – with longer flight times and more possibilities.

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Categories
Science

Biden needs to veto tariffs on Chinese language photo voltaic imports via compelled labor – extra watts with it?

Essay by Eric Worrall

“…this joint decision would…undermine jobs and investment in the solar supply chain and solar installation market.” But what about China’s alleged use of slave labor in the solar supply chain?

Biden has threatened to veto a House resolution to end the solar panel tariff freeze

BY ZACK BUDRYK – 04/24/23 12:24 PM ET

President Biden vowed Monday to veto a congressional resolution that would reverse his freeze on solar panel component tariffs should it reach his desk.

In a statement Monday, the White House called the moratorium essential to allow the US to transition to renewable energy while it builds its domestic manufacturing capacity.

This rule is necessary to meet the demand for reliable and clean energy while ensuring trade is able to vigorously enforce U.S. trade laws, hold trading partners accountable, and protect U.S. industries and workers from unfair trade measures,” the White House said in a statement. “Passing this joint resolution would undermine those efforts and create deep uncertainty for jobs and investments in the solar supply chain and solar installation market.”

The Office of House Majority Leader Steve Scalise (R-La.) said the measure, which relies on the Congressional Review Act (CRA) to end the freeze, will be brought to the House next week.

Read more: https://thehill.com/policy/energy-environment/3966409-biden-threatens-to-veto-house-resolution-to-end-solar-panel-tariffs-freeze/

In my opinion, spoiled Chinese solar products should not be subject to tariffs, they should be banned.

Almost the entire global solar panel industry is involved in slave laboraccording to Anti-Slavery International and Sheffield Hallam University;

Report uncovers links to Uyghur forced labor in solar panel industry

Our Executive Director Chloe Cranston explains why forced Uyghur labor is a serious problem for the solar panel industry

Today, researchers from Sheffield Hallam University published a report that comes to this conclusion Almost the entire global solar panel industry is involved in the forced labor of Uyghurs and other Turkish and Muslim majority peoples. The solar industry and governments must act now to ensure that the global clean energy transition is centered on human rights, decent work and sustainability and not based on crimes against humanity against Uyghurs.

As is now well known, in the Xinjiang Uyghur Autonomous Region (Uyghur Region), known locally as East Turkistan, the Chinese government is committing mass human rights abuses against Uyghurs and other Turkish and Muslim populations, including forced labor. Legal and human rights experts have defined the attacks as crimes against humanity and genocide.

Sheffield Hallam’s research provides clear evidence of the use of forced labor in the production of raw materials and other inputs for solar panels in the Uyghur region and how it is used in the supply chain of the global solar energy industry. Of particular concern for the solar panel industry are Uyghur workers involved in the early stages of production, including crushing quartz rock and working in the coal-fired furnaces used to make polysilicon, and further down the supply chain.

Read more: https://www.antislavery.org/solar-panel-industry-uyghur-forced-labour/

Obviously, China vigorously denies the use of slave labor. And before you ask, I don’t know if Hunter Biden sits on the board of any Chinese solar manufacturer.

There’s also the problem that Biden has repeatedly promised Americans green manufacturing jobs. I’m not sure how that promise is compatible with maintaining a flood of cheap and supposedly slave labor-tainted imports of renewable energy products from China.

Perhaps people waiting for the promised green jobs can follow President Biden’s advice to New Hampshire’s coal miners and learn to code.

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Technology

UK competitors regulator blocks Microsoft’s takeover of Activision

The UK competition authority has blocked Microsoft’s $68.7 billion takeover of Activision Blizzard, maker of world-renowned games like Call of Duty and World of Warcraft.

The Competition and Markets Authority (CMA) said it was concerned the deal would manipulate the future of the fast-growing cloud gaming market, leading to less innovation and fewer choices for UK gamers.

According to the CMA, Microsoft, which already accounts for an estimated 60% to 70% of the global cloud gaming market, would further extend its advantage by making some of the world’s most popular games exclusively available on its own platforms.

The regulator also noted that without the merger, Activision would start offering games via cloud platforms, which in turn would allow gamers to choose how they play without having to buy expensive game consoles like Microsoft’s Xbox.

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“Microsoft already enjoys a strong position and edge over other competitors in cloud gaming, and this deal would strengthen that advantage and give it the ability to undermine new and innovative competitors,” said Martin Coleman, chair of the independent panel of experts overseeing the deal conducted investigation.

“Cloud gaming needs a free, competitive marketplace to drive innovation and choice. The best way to do that is by allowing the current competitive dynamics in cloud gaming to keep doing their job,” he added.

In response, Microsoft vice chairman and president Brad Smith said the company remains “fully committed” to the acquisition and plans to appeal.

We remain committed to our acquisition with @ATVI_AB and will be appealing today’s CMA decision. Here is our statement. pic.twitter.com/ylvDP5RUqQ

— Brad Smith (@BradSmi) April 26, 2023

In an email to Activision staff, CEO Bobby Kotick noted that this is “far from the final word on this deal”, stressing that it would empower the broader UK tech force and gamers around the world. The company characterized CMAs decision as “a disservice to British citizens who are faced with an increasingly poor economic outlook”, adding that “the UK is clearly closed to business”.

The CMA is only the first of three regulators that need to approve the deal for it to go through, but its decision could also impact subsequent respective bodies in the EU and US. If the deal fails, Microsoft will have to pay a $3 billion break fee.

Categories
Entertainment

YouTuber clears up “Sketch” by which he eats in entrance of the homeless

After a wave of online backlash, internet personality Tre seller speaks on a video showing him promising food to a homeless man before eating it right in front of him.

Social media was NOT happy with the content creator’s video

The video, which gained traction online, shows Tre acknowledging, “Today, my job is to make sure there’s one less hungry person on the street.”

He then approaches a man named Israel, described in the on-screen text as “Geeked on Crack,” and promises to buy him a Wendy’s baconator combo.

After buying the food, Tre returns and tells Israel, “I’ve been homeless myself, so I want to make sure you’re on the right track.”

Tre continues to eat the cheeseburger while staring Israel in the eye. At one point, the camera zooms in on Israel and reads, “He was so hungry.”

The content creator keeps chewing, noting how delicious the food is before walking away.

Controversial content creator “pets” homeless man by buying him food and eating it in front of him. Outrage follows on social media. | cc: tre.sellers pic.twitter.com/zkcMfFvb0l

— The Herald-Post (@TheHeraldPostUS) April 24, 2023

This clip soon generated a plethora of backlash online, which you can see below.

It’s strange to go to the trouble of visiting a city with the highest rates of homelessness, to seek out a homeless man, and to eat his food in front of him. Some of you bitches are just nasty and weird and social media has nothing to do with it. You’re just a madman and lame pic.twitter.com/LeOQXzWkIf

— Cool Girl (@Tea_witdre) April 24, 2023

Offering food to a homeless person and then eating it in front of them is pure evil.

pic.twitter.com/6GfCTHlibk

— Jake Crain (@JakeCrain_) April 23, 2023

I think the video of this man eating this homeless man’s face was funny in the first place… along with the way energy works when it’s his turn to beg..

– FLEE. (@deja_iman) April 23, 2023

Cancel Tre Vendors pranking the homeless aren’t funny there are people out there really starving and you think it’s a joke you’re being fucked with a big dildo you idiot #CancelTre

— mynameislogan (@followme39294) April 26, 2023

Tre Sellers comments: “Everything was scripted”

In response to the backlash, Tre acknowledged the matter to provide further context.

He pinned the full-length video, which was uploaded back in February, to the top of his Instagram page.

In the full video, Tre reveals that he has returned to Wendy’s for another combo. However, he then sees that Israel has left the place and ends up giving the food to another homeless man.

He also edited the caption to break down the matter.

“This entire video is scripted… I asked him beforehand if we could do this video and he agreed to be in it. I gave him some money and food before we even started recording.”

Tre later explained that the video was “extremely taken out of context.”

“The clip you see shows me eating the sandwich and walking away, but that’s not the full video. I buy another meal and come back to the spot and he left as we told him to. We then gave the other meal to another guy. THIS WAS EXTREMELY TAKEN OUT OF CONTEXT AND I JUST THE WORLD TO SEE THE FULL VIDEO.”

Tre didn’t stop there as he addressed the matter on his Instagram Story, where he went on to announce that the video was “fake.”

“Wendy’s video with the homeless man is fake. His name is Israel. He was well known in the neighborhood… Everything was scripted. It was a fake video. I won’t apologize because you guys don’t like my fake video.”

Sellers acknowledged that he shouldn’t receive “death threats,” even if people don’t like the skit.

“There’s no reason to send me death threats, to get upset, [or] Send me hate over a skit. Just because you didn’t like the skit doesn’t mean you have to hate me. As simple as that.”

He repeated: “It was a skit. It was a scripted video.” Tre also emphasized that he provided food to Israel before and after the video.

Categories
Health

Medicare will take over Alzheimer’s therapy Leqembi after FDA approval

Chiquita Brooks-LaSure testifies before the Senate Finance Committee during her nomination hearing for Administrator of the Centers for Medicare & Medicaid Services in Washington on Thursday, April 15, 2021.

Caroline Brehmann | CQ Roll Call, Inc. | Getty Images

Medicare will cover new Alzheimer’s treatment Leqembi for all patients eligible under the drug’s label when the Food and Drug Administration fully approves the drug in July, a federal official told congressmen Wednesday.

Official Chiquita Brooks-LaSure testified before Congress Wednesday for the first time since being confirmed as the administrator of the Centers for Medicare and Medicaid Services.

Brooks-LaSure has been harshly criticized by Democratic and Republican members of the House Health Subcommittee over Medicare’s controversial coverage policy for new Alzheimer’s treatments.

The Food and Drug Administration approved Leqembi, a collaboration of biogenic And Eisai Antibody treatment accelerated in January.

Twice-monthly intravenous infusions of the drug, commonly known as lecanemab, have shown promise in slowing the progression of early-stage Alzheimer’s disease.

But Medicare, which primarily provides health insurance for seniors, will currently only cover most of Leqembi’s costs for patients participating in federally approved clinical trials.

Because Eisai’s clinical trial for the drug has already concluded, this policy means Medicare enrollees with Alzheimer’s won’t have access to the treatment, which costs $26,500 a year, unless they pay out of pocket

Brooks-LaSure told the committee Wednesday that guidelines will change if the FDA approves the drug in July, as expected.

“Eligible individuals are based on the FDA label,” Brooks-LaSure testified.

“If the FDA approves the drug, that will be the basis of which demographics people will get the drug in, regardless of which populations they think it’s appropriate for,” she said.

Rep. Nanette Barragan, D-CA, pressed Brooks-LaSure for clarity.

“So you’re basically saying that all patients for whom the drug lecanemab is indicated and all future therapies will be covered in the class after full approval?” Barragan asked.

Brooks-LaSure replied, “That’s right.”

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The FDA’s label for Leqembi under the agency’s accelerated approval says the treatment was intended for use in patients with mild dementia caused by Alzheimer’s and tests have confirmed that they have brain plaques associated with the disease, among other things.

It’s unclear if the FDA’s label would change in any way once Leqembi receives full approval in July.

CMS’ insurance policy for Alzheimer’s drugs has caused confusion and controversy.

The agency has said Medicare will cover patients who participate in federally approved “registries,” which collect data about the drug after the treatment has received full approval.

The requirement to participate in CMS-approved registries has raised concerns that access to Leqembi could remain restricted even after full FDA approval.

Brooks-LaSure said Wednesday that a registry “does not in any way prevent people from having access to the drug.”

“All we state is that people taking the drug will have their doctors enter that information into a private registry,” the CMS administrator said.

But the registries have yet to be set up for patients.

Brook-LaSure said the goal is to have the registries ready for registration by July 6, should the FDA fully approve Leqembi by that date.

“Private sector companies can start setting them up now,” Brooks-LaSure told the committee.

Rep. Anna Eshoo, D-CA, criticized Medicare for not giving patients and doctors clear information about what exactly the registries are and how they will work.

“If doctors don’t know, if patients don’t know, and Medicare doesn’t seem to really know what this registry entails, how are Medicare patients possibly going to get the drug starting in July?” Eshoo asked.

Rep. Morgan Griffith, R-VA, accused CMS of effectively undermining the FDA’s accelerated approval of Leqembi by imposing restrictions that make the drug largely inaccessible to seniors.

Unlike Medicare, the Veterans Health Administration has agreed to cover Leqembi for veterans who are over the age of 65 and meet other eligibility criteria.

“You have turned yourself into a scientific regulator by refusing to pay for the Alzheimer’s drugs that this subcommittee and committee have been working hard on on a bipartisan basis to ensure they are available to Alzheimer’s patients,” Griffith said to Brooks-LaSure.

Brooks-LaSure told the committee that Medicare is bound by law.

“Our legal requirement is to determine whether a drug is appropriate and necessary for the Medicare population,” the CMS administrator said.

Griffith asked, “So you’re saying we need to change your laws?

“Of course, Congress has the power to change our rules,” Brooks-LaSure said.

Categories
Sport

Titans Obtain $760M in Metropolis Bonds as A part of Report Stadium Funding

NASHVILLE, Tenn. — The Tennessee Titans have the final piece of funding for the NFL’s next expensive stadium with the largest public investment yet, which they plan to open for the 2027 season.

Metro Nashville City Council approved by a 26-12 vote early Wednesday morning in the final reading to allow its athletic agency to issue $760 million in bonds. When combined with $500 million in government bonds, that makes more than $1.2 billion in public funding earmarked for the Titans’ closed stadium.

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That’s Tennessee’s highest public price for a stadium, beating New York’s $850 million pledge for the Buffalo Bills’ new $1.5 billion stadium.

The total cost of the stadium is estimated at $2.1 billion. The Titans, with help from the NFL and personal licenses, will provide the remaining $840 million. The new stadium will have a translucent roof with a capacity of around 60,000.

Controlling owner Amy Adams Strunk thanked everyone involved.

“Nashville, Tennessee has been the home of the Titans for more than 25 years, and with the approval of the new stadium agreement, we are grateful to know that the Titans will be a part of this great city and state for decades to come. ‘ Strunk said in a statement.

The council meeting began Tuesday night with two hours each for taxpayers to argue for and against the proposal to use Nashville’s power of attorney to pay for a second stadium for the privately owned NFL team. The council took about six hours before a final vote was held.

In this stadium, Nashville and the Titans can bid for a Super Bowl, Final Fours, college football playoff games and more. Burke Nihill, Titans President and CEO, said they are excited about the opportunity to host some of the world’s premier events.

“This is a generational opportunity to address our city’s priorities and ensure its health and vitality for the next 30 years,” said Nihill. “Our city and state have a bright future ahead of us, and we’re honored to continue to be a part of it.”

The deal shifts an estimated $1.8 billion in costs for future maintenance and stadium investments through 2039 from Nashville taxpayers to the NFL franchise, which is also on the brink of over-budget and maintenance costs instead the local taxpayers.

In the deal, the Titans agreed to waive $32 million owed by Nashville for money they spent maintaining Nissan Stadium over the past four years. The Titans will also pay off the remaining $30 million in bonds owed for the current stadium.

A new hotel/motel tax of 1%, all sales tax in the stadium and 50% of the sales tax of 130 acres around the stadium will redeem the bonds. The Titans and city officials announced an agreement in December that includes a new 30-year lease. The team agreed not to leave Nashville during this lease.

Nashville hired an independent consulting firm that confirmed the Titans’ estimate of what the city would pay for maintenance of the stadium under the lease signed in 1996. Venue Solutions Group agreed that the renovation of the current stadium would cost between $1.75 billion and $1.95 billion over the years remaining on the lease.

The Titans have cleared money for their portion of the stadium, with team officials hoping to lay the groundwork to open the 2027 season by mid-2024. Strunk was already paying for the team headquarters expansion, which essentially doubled the size of the building that opened in August 1999.

Nissan Stadium originally opened in 1999 as the Adelphia Coliseum. That deal cost $292 million and convinced franchise founder Bud Adams, who died in 2013, to move his Oilers from Houston to Tennessee in 1997.

The new stadium will be built on the parking lots between the current stadium and Interstate 24. The deal returns control of 66 acres, including the current site of Nissan Stadium, to Nashville. City officials are planning a renovation that will include a park, green walkways, affordable housing, and a new street.

Nashville hosted the 2019 NFL Draft, which drew about 600,000 people over three days.