- Associated Press
9 of 10 wrongful death suits over deadly Astroworld crowd surge have been settled, lawyer says
Nine of the 10 wrongful death lawsuits filed after the 2021 Astroworld festival, where 10 people were killed in a crowd surge, have been settled, including one that was set to go to trial this week, attorneys said Wednesday. Jury selection had been set to begin Tuesday in the wrongful-death lawsuit filed the family of Madison Dubiski, a 23-year-old Houston resident who was killed during the crowd crush at the Nov. 5, 2021, concert by rap superstar Travis Scott.
- Yahoo Finance
Rivian reports mixed Q1 results but trims capex forecast and sees Q4 'gross profit'
Rivian reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Ill., plant and trimming its capital expenditure forecast.
- Reuters
Bain Capital in talks to buy education-software provider PowerSchool, source says
Buyout firm Bain Capital is in talks to take education-software provider PowerSchool private, a person familiar with the matter said on Wednesday. The deal, which is still a few weeks away from getting signed, is likely to value PowerSchool somewhere in the $20s per share, according to the source, who requested anonymity as the discussions are confidential. At that price, a deal would value PowerSchool at roughly $6 billion, including debt, based on Reuters calculations.
