US, Canada Start Process of Determining How Titan Imploded

23 June 2023, Canada, Newfoundland: Canadian Coast Guard vessel Terry Fox (L), and Canadian vessel Skandi Vinland return to St. John's Port in Newfoundland after supporting the search and rescue operation for the Titan submersible. Photo: Jordan Pettitt/PA Wire/dpa
23 June 2023, Canada, Newfoundland: Canadian Coast Guard vessel Terry Fox (L), and Canadian vessel Skandi Vinland return to St. John's Port in Newfoundland after supporting the search and rescue operation for the Titan submersible. Photo: Jordan Pettitt/PA Wire/dpa
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US, Canada Start Process of Determining How Titan Imploded

23 June 2023, Canada, Newfoundland: Canadian Coast Guard vessel Terry Fox (L), and Canadian vessel Skandi Vinland return to St. John's Port in Newfoundland after supporting the search and rescue operation for the Titan submersible. Photo: Jordan Pettitt/PA Wire/dpa
23 June 2023, Canada, Newfoundland: Canadian Coast Guard vessel Terry Fox (L), and Canadian vessel Skandi Vinland return to St. John's Port in Newfoundland after supporting the search and rescue operation for the Titan submersible. Photo: Jordan Pettitt/PA Wire/dpa

Authorities from the US and Canada began the process of investigating the cause of the fatal Titan submersible implosion even as they grappled with questions of who was responsible for determining how the tragedy unfolded, The Associated Press reported.
A formal inquiry has not yet been launched because maritime agencies are still busy searching the area where the vessel was destroyed, killing all five people aboard, the US Coast Guard said Friday. Debris was located about 12,500 feet (3,810 meters) underwater, several hundred feet away from the Titanic wreckage it was on its way to explore.
The US Coast Guard led the initial search and rescue mission, which was a massive international effort that likely cost millions of dollars.
It was not entirely clear Friday who would have the authority to lead what is sure to be a complex investigation involving several countries. OceanGate Expeditions, the company that owned and operated the Titan, is based in the US but the submersible was registered in the Bahamas. OceanGate is based in Everett, Washington, but closed when the Titan was found. Meanwhile, the Titan’s mother ship, the Polar Prince, was from Canada, and those killed were from England, Pakistan, France, and the US.
The National Transportation Safety Board said Friday that the US Coast Guard has declared the loss of the Titan submersible to be a “major marine casualty” and the Coast Guard will lead the investigation. NTSB spokesperson Peter Knudson said that information was provided to the agency’s senior management by Coast Guard officials, and the NTSB has joined the investigation.
The Coast Guard has not confirmed that it will take the lead. Coast Guard headquarters said the Coast Guard First District in Boston will discuss future operations and plans, but did not say when. The First District did not respond to phone and email messages seeking comment Friday.
Meanwhile, the Transportation Safety Board of Canada said Friday that it is launching an investigation into the Polar Prince. Seventeen crew members and 24 others were on board the ship during the Titan's journey.
The deep-sea investigations promise to be long and painstaking, as is the nature of investigations in the murky depths of the ocean.
“This is an incredibly unforgiving environment down there on the seafloor,” said Rear Adm. John Mauger, of the Coast Guard First District.
How the overall investigation will proceed is complicated by the fact that the world of deep-sea exploration is not well-regulated. Deep-sea expeditions like those offered by OceanGate are scrutinized less than the companies that launch people into space, noted Salvatore Mercogliano, a history professor at Campbell University in North Carolina who focuses on maritime history and policy.
A key part of any investigation is likely to be the Titan itself, AP reported. Questions have been raised about whether the vessel was destined for disaster because of its unconventional design and its creator’s refusal to submit to independent checks that are standard in the industry
The Titan was not registered as a US vessel or with international agencies that regulate safety. And it wasn't classified by a maritime industry group that sets standards on matters such as hull construction.
OceanGate CEO Stockton Rush, who was piloting the Titan when it imploded, complained that regulations can stifle progress.
“Bringing an outside entity up to speed on every innovation before it is put into real-world testing is anathema to rapid innovation,” Rush wrote in a blog post on his company’s website.
One question that seems at least partially resolved is when the implosion likely happened. After the Titan was reported missing, the Navy went back and analyzed its acoustic data and found an “anomaly” Sunday that was consistent with an implosion or explosion in the general vicinity of where the vessel was operating when communications were lost, said a senior US Navy official.
The Navy passed on the information to the Coast Guard, which continued its search because the data was not considered definitive, according to the official, who spoke on condition of anonymity to discuss a sensitive acoustic detection system.
The Titan launched at 8 a.m. that day and was reported overdue that afternoon about 435 miles (700 kilometers) south of St. John’s, Newfoundland. Rescuers rushed ships, planes and other equipment to the area.
Any sliver of hope that remained for finding the crew alive was wiped away early Thursday, when the Coast Guard announced that debris had been found near the Titanic.
Killed in the implosion were Rush, two members of a prominent Pakistani family, Shahzada Dawood and his son Suleman Dawood; British adventurer Hamish Harding; and Titanic expert Paul-Henri Nargeolet.
A flurry of lawsuits is expected, but filing them will be complex and it's unclear how successful they will be. Plaintiffs will run into the problem of establishing jurisdiction, which could be tricky, just as it will be for the investigation, said Steve Flynn, a retired Coast Guard officer and director of Northeastern University’s Global Resilience Institute.
The implosion happened “basically in a regulatory no man’s land,” Flynn said.
“There was essentially no oversight,” Flynn said.
James Cameron, who directed the blockbuster movie “Titanic” and has made multiple dives to the iconic ship's wreckage, told the BBC that he knew an “extreme catastrophic event” had happened as soon as he heard the submersible had lost navigation and communications at the same time.
“For me, there was no doubt," Cameron said. "There was no search. When they finally got an ROV (remotely operated vehicle) down there that could make the depth, they found it within hours. Probably within minutes.”
At least 46 people successfully traveled on OceanGate’s submersible to the Titanic wreck site in 2021 and 2022, according to letters the company filed with a US District Court in Norfolk, Virginia, that oversees matters involving the Titanic shipwreck.
But questions about the submersible's safety were raised by both by a former company employee and former passengers.



Gilead's Breast Cancer Drug Fails to Meet Main Goal of Late-stage Study

Gilead Sciences Inc pharmaceutical company is seen in Oceanside, California, US, April 29, 2020. REUTERS/Mike Blake/File Photo
Gilead Sciences Inc pharmaceutical company is seen in Oceanside, California, US, April 29, 2020. REUTERS/Mike Blake/File Photo
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Gilead's Breast Cancer Drug Fails to Meet Main Goal of Late-stage Study

Gilead Sciences Inc pharmaceutical company is seen in Oceanside, California, US, April 29, 2020. REUTERS/Mike Blake/File Photo
Gilead Sciences Inc pharmaceutical company is seen in Oceanside, California, US, April 29, 2020. REUTERS/Mike Blake/File Photo

Gilead Sciences said on Friday its breast cancer drug Trodelvy did not significantly lower the risk of disease progression in patients when used as a first-line treatment, failing to meet the main goal of a late-stage study, Reuters reported.

Gilead said an early trend for extending overall survival, a key measure of treatment efficacy, was observed favoring patients treated with Trodelvy, compared to chemotherapy.

The data for overall survival, however, was not mature at the time of the primary analysis, the company said, adding that the study will continue to assess this secondary goal.

Trodelvy was being tested in patients with HR+/HER2-negative metastatic breast cancer, the most common subtype of the cancer, as a first-line treatment following hormone therapy.


Dubai Hookah Maker AIR to Go Public in US

Smoking paraphernalia is seen during the "Expocannabis" fair on its opening day in Leganes, outside Madrid, January 26, 2007. REUTERS/Susana Vera
Smoking paraphernalia is seen during the "Expocannabis" fair on its opening day in Leganes, outside Madrid, January 26, 2007. REUTERS/Susana Vera
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Dubai Hookah Maker AIR to Go Public in US

Smoking paraphernalia is seen during the "Expocannabis" fair on its opening day in Leganes, outside Madrid, January 26, 2007. REUTERS/Susana Vera
Smoking paraphernalia is seen during the "Expocannabis" fair on its opening day in Leganes, outside Madrid, January 26, 2007. REUTERS/Susana Vera

Dubai's AIR, the owner of hookah brand Al Fakher, said on Friday it had agreed to go public in the US through a merger with blank-check firm Cantor Equity Partners III, in a deal valuing the combined company at $1.75 billion.

The special purpose acquisition deal comes as this unconventional route to the public markets has regained popularity in the United States after years of subdued activity, following poor share performance and regulatory roadblocks.

Hookah use has grown in the US in recent years as lounges and cafes offering flavored smoking become more common, frequented by younger consumers in urban areas.While the product is often marketed as a social or cultural activity, US health agencies continue to warn that hookah smoke contains many of the same harmful chemicals found in cigarettes.

A SPAC is a shell firm that raises money through an IPO to merge with a private business and take it public, offering companies an alternative route to the market bypassing the longer and costlier traditional IPO process.

Dubai-based AIR said it generated $375 million in revenue and $150 million in adjusted earnings before interest, taxes, depreciation, and amortization for its core products in 2024.

It has eight production facilities across the United Arab Emirates, the European Union and third-party partners, supporting more than 90 markets globally with established distribution networks, the company said.

Al Fakher, its most valuable business, makes flavored hookah and had 14 million consumers worldwide as of 2024.American financial services firm Cantor Fitzgerald is the backer of the SPAC taking AIR public.

A total of 116 SPACs have completed initial public offerings so far this year, according to SPAC Research, compared with 57 in 2024.

The companies expect the deal to close in the first half of 2026, after which the combined entity, AIR Global Limited, will trade on the Nasdaq under the "AIIR" ticker symbol.


James Bond Fantasist Jailed for 7 Years in UK for Trying to Spy for Russia

Actor Daniel Craig poses for photographers on the red carpet at the German premiere of the new James Bond 007 film "Spectre" in Berlin, Germany, October 28, 2015. (Reuters)
Actor Daniel Craig poses for photographers on the red carpet at the German premiere of the new James Bond 007 film "Spectre" in Berlin, Germany, October 28, 2015. (Reuters)
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James Bond Fantasist Jailed for 7 Years in UK for Trying to Spy for Russia

Actor Daniel Craig poses for photographers on the red carpet at the German premiere of the new James Bond 007 film "Spectre" in Berlin, Germany, October 28, 2015. (Reuters)
Actor Daniel Craig poses for photographers on the red carpet at the German premiere of the new James Bond 007 film "Spectre" in Berlin, Germany, October 28, 2015. (Reuters)

A British man who would "dream about being like James Bond" was jailed Friday for seven years after trying to spy for Russia.

Howard Phillips, 65, was found guilty in July for trying to pass information about former Defense Secretary Grant Shapps, who he knew, to two men who he believed were Russian intelligence agents. However, the ‘agents’ were undercover British intelligence agents, The AP news reported.

“You were prepared to betray your country for money,” Justice Bobbie Cheema-Grubb told Phillips at his sentencing hearing at Winchester Crown Court, in the south of England.

The judge said that Phillips had “a personality with narcissistic tendencies and an overblown sense of his own importance."

The trial heard that Phillips intended to assist Russian agents between the end of 2023 and May 2024 — Shapps was defense secretary between August 2023 and July 2024 when his Conservative Party was ousted from power and he lost his seat in Parliament at the general election.

Specifically, the trial heard how Phillips had tried to hand over Shapps’ contact details as well as the location where he kept his private plane to “facilitate the Russians in listening on British defense plans.”

The defendant’s ex-wife told the court that Phillips “would dream about being like James Bond,” and watched films about the British secret services because he was “infatuated with it.”

In a victim impact statement read to the court, Shapps expressed his shock at learning of Phillips’ activities. He recalled going to dinner at Phillips' home in 2002.

“What is unacceptable is one individual’s reckless behavior exposing my entire family to the extremely serious risks that come from a foreign intelligence service’s activities," he said.

Bethan David, head of the Crown Prosecution Service’s Counter Terrorism Division, said the conviction sends “a clear message to anyone considering spying for or assisting Russia.”