Trump Media and Technology Group, the owner of former President Donald Trump's social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as a publicly traded company. For the three-month period that ended March 31, the company posted a loss of $327.6 million, which it said included $311 million in non-cash expenses related to its merger with a company called Digital World Acquisition Corp., which was essentially a pile of cash looking for a target to merge with. It’s an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.
FDIC Chair Martin Gruenberg said Monday that he is prepared to step down, a shakeup that could have implications for an aggressive campaign to impose tougher regulations on US banks.
A 70-year-old Alaska man who was attempting to take photos of two newborn moose calves was attacked and killed by their mother, authorities said Monday. The man killed Sunday was identified as Dale Chorman of Homer, said Austin McDaniel, a spokesperson for the Alaska Department of Public Safety. “As they were walking through the brush looking for the moose, that’s when the cow moose attacked Dale,” McDaniel said.