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Fuel Cutoff Mystery: Air India Crash Sparks Global Concern

A preliminary investigation into the tragic crash of Air India Flight AI171 has revealed that both engine fuel cutoff switches were flipped just seconds after takeoff, starving the aircraft of power and leading to its fatal descent. The Boeing 787-8 Dreamliner, en route from Ahmedabad to London Gatwick on June 12, crashed into a residential area, killing 260 people — including 19 on the ground — and leaving only one survivor. According to India’s Aircraft Accident Investigation Bureau (AAIB), cockpit voice recordings captured one pilot asking the other why the fuel had been cut off. The response: “I did not do so”. The switches were flipped within one second of each other, a sequence experts say would be highly unusual and difficult to do accidentally. While both engines attempted to restart, only one regained partial thrust before the aircraft crashed. The report did not identify any mechanical faults with the aircraft or its GE engines, and no recommendations were made for Boeing or ...
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Market Surge After Trump Rally Incident

 

Following the recent incident at a Pennsylvania rally where former President Donald Trump was shot in the ear, financial markets experienced notable movements. Here are the key highlights:

  1. Trump Media & Technology Group (TMTG) Shares Surge:

    • Shares of Trump Media & Technology Group (TMTG), the parent company of social media platform Truth Social, soared by 67% in premarket trading. Trump owns a majority stake in TMTG, which was worth about $3.8 billion as of June 25, 2024.
    • The surge in TMTG stock reflects investors’ anticipation that Trump’s odds of winning the election have risen following the assassination attempt.
    • Retail traders have been betting on a Trump victory, and this recent incident further fueled their confidence.

  2. Crypto Stocks React:

    • The intersection between political events and crypto price movements became evident. The Solana memecoin TRUMP (MAGA) surged by 42% within minutes of the news breaking, while Bitcoin climbed past the $59,000 mark.
    • Trump’s crypto-friendly stance has contributed to the positive sentiment in the crypto market.
    • Crypto exchange Coinbase Global, bitcoin miners Riot Platforms Inc, and Marathon Digital also saw gains of 6% to 7%.

  3. Other Market Reactions:

    • The broader US market remained subdued, with futures tied to the S&P 500 edging up by 0.4%.
    • Gun maker Smith & Wesson Brands gained 2.7%, as gun stocks tend to rise after mass shootings.
    • Prison stocks Geo Group and CoreCivic rose about 7%, potentially benefiting from Trump’s promised crackdown on illegal immigration.
    • Software developer Phunware and video-sharing platform Rumble also saw significant increases in their stock prices.

While these market movements reflect the immediate impact of the incident, it’s essential to keep an eye on further developments as the US election campaign continues. 





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