Virgin Galactic stock craters after commercial flights are delayed
CNN
Virgin Galactic has pushed back the start of full commercial service to the fourth quarter of next year, sending shares in the space tourism company founded by billionaire Richard Branson down sharply.
The stock was down more than 20% in premarket trading in New York after Virgin Galactic (SPCE) said it was making schedule changes that would delay a crucial test flight and the start of commercial services, which had been expected to commence late in the third quarter of 2022.
Virgin Galactic said it would focus on an "enhancement program" to improve the performance of its rocket-powered plane VSS Unity and the mother ship from which it launches. It will also carry out physical inspections after a lab test "flagged a possible reduction in the strength margins of certain materials."
A provocative new work from the artist behind that duct-taped banana tackles gun violence in America
The Italian artist Maurizio Cattelan shines a light on gun violence and the divisions in US society in a new installation, “Sunday,” at Gagosian in New York City.
One Florida abortion clinic confronts a new six-week ban with a last-minute push and long-term plans
On Tuesday afternoon, Mikenzie Buchanan scooped up an armful of clipboards piled behind the front desk at A Woman’s Choice, an abortion clinic here; it was almost too many to hold. On each clipboard, behind a blue cover to protect personal information, were documents and charts for patients who had visited the clinic to receive a medication abortion that day.