PSTH is sponsored by three investment funds managed by Pershing Square Capital Management, the storied New York-based hedge fund. PSTH has $5 billion available to invest in UMG through a $4 billion IPO on Sept. 11, 2020, on the New York Stock Exchange, at $20 a share and an additional $1 billion investment by Pershing Square. In addition, Pershing Square purchased $1 billion of units, each worth one share of Class A common stock and one-third of a redeemable warrant, at $20 per unit. It can buy an addition $2 billion of units in private placements. The PSTH-UMG deal would be unusual because SPACs typically target companies that want to go public. The SPAC, nothing more than shell company, acquires the target in what’s called a reverse merger, thereby al...
The Director-General, World Health Organisation (WHO), Dr Tedros Ghebreyesus has solicited the support of G7 health ministers to meet vaccination targets by the end of the year. In his remarks at the G7 Health Ministers’ meeting in Oxford, Ghebreyesus appealed to the ministers to provide leadership for strengthening WHO on sustainable financing. “First, we seek your support for reaching our vaccination targets for September and the end of the year; sharing doses with COVAX now is essential for achieving those targets. “We need 250 million doses by September and we need 100 million doses just in June and July. “As G7 nations, you are in a unique position to pool doses and make this happen; second, we seek your leadership for strengthening WHO, including through sustainable and predictable f...
Minister of the Federal Capital Territory (FCT), Malam Muhammad Bello, has said his administration had used 98 per cent of the COVID-19 vaccines allocated to the territory. Bello made the disclosure shortly after he took the second jab of COVID-19 vaccine on Thursday in Abuja. The jab was administered on him alongside the FCT Permanent Secretary, Mr Olusade Adesola, and the acting Secretary, FCT Health and Human Services Secretariat, Dr Mohammed Kawu. He expressed delight over the reduction in the number of confirmed cases of COVID-19 in the FCT, and urged health workers to strive to ensure that residents were protected against the virus. The minister admonished FCT residents to avail themselves of any opportunity that was brought forward to them to be vaccinated. “Unless we get a substant...
So when 400,000 total BTS fans joined a May 25 “Butter” streaming party on Stationhead hosted by user @BTSCHARTDATA, Stationhead says they drove 5.4 million streams of the song during the session. Then, they did it again — and again — with marathon streaming parties all week from users like @lifeofbts and @purplehourradio. “Butter” topped the chart due to a number of factors including 18.1 million radio airplay audience impressions and 242,800 download sales in the tracking week, according to MRC data, and the streaming figure provided by Stationhead wasn’t U.S.-specific or audited by the streaming services. Still, the Stationhead parties no doubt contributed to the 32.2 million ...
A member of the House of Representatives, Bede Eke, has said men of the Nigerian Army and the police are carrying out extrajudicial killings and displacement of people in Imo State following the recent killing of a former presidential aide, Ahmed Gulak. Mr Gulak, a chieftain of the ruling All Progressives Congress (APC), was killed by unknown gunmen on May 30 while on his way to Sam Mbakwe Airport, Owerri, en route Abuja. According to the Deputy Senate President, Ovie Omo-Agege, Mr Gulak was consulting for the Senate Committee on Constitutional Review, which he (Omo-Agege) heads. The police said Mr Gulak’s killers were subsequently killed in a gun battle. Speaking with journalists in Abuja on Thursday, Mr Eke, who represents Mbaise/Ngor-Okpala Federal Constituency of Imo State, alleged tha...
The Women Political Participation Technical Working Group (WPP-TWG) has called for the review of the 1999 Constitution to accommodate more women in government. The position by the group was presented during the House of Representatives Committee on Constitution Amendment organised by the National Assembly in Uyo, the Akwa Ibom state capital. Making the disclosure was Mrs. Glory Ekaso, Director, National Issues/Welfare, WPP-TWG, who briefed newsmen in Uyo on Thursday to intimate the public on the women’s position as presented during the just-concluded Constitution amendment committee meetings. Ekaso said the WPP-TWG comprised 26 women’s groups across the country with a common mission to ensure equitable representation in government. She said that women political representation in the 2019 e...
Trent Alexander-Arnold has been ruled out of the European Championship after suffering a thigh injury in Wednesday’s friendly win over Austria. The Liverpool defender limped off in the closing stages of the 1-0 victory, with Three Lions boss Gareth Southgate offering a grim prognosis immediately after the game. His fears were realised when scans revealed the extent of Alexander-Arnold’s injury – with the Football Association confirming his withdrawal on Thursday. Trent Alexander-Arnold has been ruled out of UEFA EURO 2020,” a statement said. “The Liverpool player sustained a thigh injury in the closing stages of Wednesday’s 1-0 win against Austria in Middlesbrough. “A scan on Thursday confirmed the 22-year-old will be unable to play in the forthcoming tournament so he has withdrawn from th...
Jam bands have quietly become the surprise earners of the pandemic thanks to devoted fans and compelling livestreams, and are now poised to dominate touring as live concerts return. Unlike most pop and contemporary touring shows, jam and improvisation-heavy bands are constantly changing their sets and musical arrangements so that no two shows are the same, attracting fans willing to pay to see the same band play multiple sets of different material. Ticket sales for these kinds of acts have been exceptionally strong, says Don Strasburg, vp/senior talent buyer for AEG Live Rocky Mountains, though he’s hesitant to use the “jam” label, considering the genre’s diversity of styles from bluegrass to funk. Such acts that value “spontaneity and improvisation,” says Strasburg, “were already the larg...