HOUSTON--(BUSINESS WIRE)--May 30, 2023--

MADRID Spanish company PLD Space said it plans its first test of a suborbital reusable rocket on Wednesday,

Disgraced Theranos founder Elizabeth Holmes is about to begin her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the company’s blood-testing capabilities. As well as being handed jail time over her role in misleading investors, Holmes was also ordered to pay $452m in restitution. Follow the latest updates live “This is a fraud case where an exciting venture went forward with great expectations and hope, only to be dashed by untruth, misrepresentations, hubris, and plain lies,” Judge Davila, presiding over the case, said before handing down the prison sentence to Holmes. “I suppose we step back and we look at this, and we think, what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case.” Ahead of being sentenced, Holmes, who has long maintained she did not intend to defraud anyone, told the court: “I am devastated by my failings. “Every day for the past years I have felt deep pain for what people went through because I failed them. I regret my failings with every cell of my body.” Where will Holmes serve her sentence Holmes, who requested 18 months of house arrest as a punishment, will begin her sentence at Federal Prison Camp Bryan in Texas – an all-female facility 100 miles from Holmes’ hometown. The minimum security prison houses around 500 inmates, and runs a variety of programmes intended to prepare prisoners for life after incarceration, according to Camp Bryan’s handbook. Holmes’ day will begin at 6am, when inmates are woken up for meals and work; people failing to comply with the strict wakeup rules are subject to punishments. Inmates are then counted at five different times during the day, when they must assemble in specific areas (once again, punishments are doled out to those who are not present at these times). The prison features a study, game room, and work programmes that see all inmates take part in a six-week course on the importance of efficiency in the workplace before they are placed into a role – with some prisoners earning as little as $0.12 in some assignments. According to the handbook, “All designated inmates are required to develop a financial plan to meet their financial obligations”, which for Holmes will mean reparations of $452m. How will Holmes keep in touch with her family? Holmes is married to Billy Evans, and the pair have two children, William, 2, and newborn Invicta. She lives around 100 miles from her family, who will be permitted to visit at weekends. Inmates at Camp Bryan are also permitted to take part in video sessions with their friends and family, according to the handbook, as well as to send and receive text messages. Prior to beginning her sentence at Camp Bryan, Holmes spent the weekend with her husband and children at the beach.

A central figure in a German tax evasion scandal has been convicted and sentenced to more than eight years in prison, the second verdict against him in the space of a few months

Donald Trump ally Laura Loomer has provoked outrage over comments in which she described Casey DeSantis’s battle with cancer as “over-exaggerated”. Ms Loomer, a far-right anti-Muslim activist who twice ran unsuccessfully for Congress and was in 2018 banned from Twitter for “hateful conduct”, said Florida governor Ron DeSantis exaggerated his wife’s battle with cancer in a desperate attempt to woo voters. The Trump loyalist called for the release of Ms DeSantis’s medical records to prove she is not being exploited as a campaign prop for her husband’s political ambitions. Meanwhile, over the holiday weekend, Trump foe and former Republican Rep Liz Cheney spoke about the political test she faced in the immediate aftermath of January 6 during her address to graduates of Colorado College. “After the 2020 election and the attack of January 6th, my fellow Republicans wanted me to lie. They wanted me to say the 2020 election was stolen, the attack of January 6th wasn’t a big deal, and Donald Trump wasn’t dangerous,” she told students and families in her address Sunday, according to the Associated Press. “I had to choose between lying and losing my position in House leadership.” Read More Biden laughs off idea of Trump pardon after DeSantis pledges to consider it Trump has been indicted: Here are the other major lawsuits and investigations he is also facing Liz Cheney explains how GOP begged her to lie about Trump

Energy permitting reform, which aims to cut down the time it takes for new projects to get approved, could be one of the few bipartisan measures to emerge from a debt limit deal.

BRUSSELS European Union governments decided on Tuesday to nearly double the amount of EU financial support to Moldova

MANHASSET, N.Y.--(BUSINESS WIRE)--May 30, 2023--

The German government says a panel of historians set up to review the 1972 attack on the Munich Olympics is starting its three-year mission to examine what happened before, during and after the events of five decades ago

Allies of former New Jersey Gov. Chris Christie have formed a super PAC to support an expected Republican presidential bid, two sources familiar with the plans tell CNN.

President Joe Biden is marking one of the saddest days of his life, the death of his son Beau

The nation is days away from defaulting on its obligations. The Republican House speaker, pushed by conservatives in his party, demands deep spending cuts. The president, a Democrat, works on negotiating a package to avert a fiscal calamity.