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Harley’s electric motorcycle division to go public via $1.7 billion SPAC deal

from https://www.cnbc.com/ Key Points : Harley-Davidson’s electric-motorcycle division will go public through a merger with a blank-check firm in a deal valued at $1.77 billion, the company said on Monday. The company launched LiveWire earlier this year, hoping to claw back lost market share as its core baby boomer customer base grows older and interest in motorcycling as a recreational activity fades. Harley-Davidson will retain a 74% stake in the company, which is expected to list on the New York Stock Exchange under the symbol “LVW.” Harley-Davidson’s electric-motorcycle division will go public through a merger with a blank-check firm in a deal valued at $1.77 billion, the company said on Monday, as the 118-year old brand bets on younger customers to boost volumes. The company launched LiveWire earlier this year, hoping to claw back lost market share as its core baby boomer customer base grows older and interest in motorcycling as a recreational activity fades. A broader awareness about climate change is also paving the way for automakers to lean towards greener vehicles. Valuations have gained as money managers are also increasingly factoring in ESG policies in their investments. Harley is the latest to cash in on an uptick in valuations of electric-vehicle makers. Last month, Amazon-backed EV maker Rivian shot past $100 billion in valuation in its market debut, surpassing Ford and General Motors. “If anything this underlines what we’ve been saying for a long time. Detroit, wake up! The train has left the station! EVs are inevitable,” Roth Capital analyst Craig Irwin said. “Many traditional OEMs (Original equipment manufacturers) with emerging EV businesses can obviously do similar spinoff transactions,” Irwin added. Harley’s shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%. Jochen Zeitz, Harley’s chief executive, will be the chairman of LiveWire for up […]

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Woman Almost Dies From Stroke Triggered By Oral Sex

The woman suffered a brain bleed as she neared orgasm. After the woman was unconscious for two to three minutes after the sex, her partner got nervous and took her to the emergency room. A British woman had to go to the hospital after an intense impending orgasm triggered a stroke. According to a new report from the British Medical Journal, the unidentified 44-year-old woman suffered a “transient loss of consciousness (TLOC)” while receiving oral sex from her partner. After the woman was unconscious for two to three minutes after the sex, her partner got nervous and took her to the emergency room at Chelsea and Westminster Hospital in London. Once there, the man told doctors his partner’s body had gone stiff during their session. The woman told doctors she had a headache that she described as a 6 out of 10 on the pain scale, according to the The Sun. At first, doctors believed, based on the symptoms, that the woman had suffered a seizure. Doctors later learned she had experienced a blackout caused by a sudden lack of blood supply to the brain, also known a reflex-mediated syncope, according to IFLScience.com. “On closer history taking, the patient reported nearing orgasm while receiving oral sex from her partner before losing consciousness,” the authors wrote in their report for the BMJ. A CT scan and a CT angiography showed she had an aneurysm, leading to a subarachnoid hemorrhage ― a kind of stroke. The researchers said it’s not unheard of for orgasms to cause stroke. “Activities that involve sudden increases in blood pressure and sexual activity is well described as a precipitant,” they write in the case report. “Studies with intra-arterial monitoring during coitus demonstrate that during sexual activity blood pressure, as well as heart rate, is very labile, with