Most important Road companies e-book $154 billion in authorities contracts

The federal government awarded $154.2 billion to small businesses in fiscal 2021, up $8 billion from the previous year, according to Small Business Administration data released Tuesday.

That’s a record 27.2% of total federal funding for procurement, beating the government’s target of 23%.

“We’re pleased to see that more dollars and a larger percentage are going to small businesses,” SBA Administrator Isabel Guzman said, adding that some of the changes President Biden has announced since taking office are beginning to take hold. These efforts aim to level the playing field for small businesses competing for federal contracts, an area where many have struggled.

Still, there is work to be done. The number of small companies winning top-tier contracts has fallen again in fiscal 2021, continuing a multi-year trend. The latest data shows that 71,441 small businesses received contracts, down 5.7% from 75,726 in fiscal 2020.

In contrast, about 125,000 small businesses signed contracts with the federal government in fiscal 2010, according to a National Equity Atlas report prepared by PolicyLink and the USC Equity Research Institute (ERI) using SBA data.

Small business advocates cite several reasons for the difficulties small businesses face in obtaining government contracts. Part of the problem is due to competition from larger, more established companies with more experience, said Shane McCall, an equity partner at Koprince McCall Pottroff, who works with small companies. There may also be procedural issues and legal requirements that prevent some companies from applying in the first place, he said.

In particular, federal government retention requirements tend to disproportionately impact disadvantaged companies, said Judith Dangerfield, senior fellow at PolicyLink, a national research and action institute focused on promoting economic and social justice. Those business owners need to overcome the same bias — the notion that race equals risk — that they face in banking and finance, she said. “As a result, bonding has been a barrier to participation for DBE firms for decades,” she said.

The best federal agencies for small business contracts

Guzman said she was encouraged by the positive developments over the past fiscal year. Notably, 21 of the 24 agencies monitored by the SBA received an “A+” or “A” rating on their scorecard.

The 11 agencies that received an A+ rating are: Department of Commerce, Department of Homeland Security, Department of Labor, Department of State, Department of Interior, Environmental Protection Agency, General Services Administration, The National Science Foundation, The Nuclear Regulatory Commission, The Office of Personnel Management, and The Small Business Administration.

Ten agencies received an “A” grade: The Agency for International Development, the Department of Agriculture, the Department of Defense, the Department of Education, the Department of Energy, the Department of Justice, the Department of Transportation, the Department of Veterans Affairs, the National Aeronautics and Space Administration, and the Social Security Administration.

Government targets for women and minority businesses not met

Still, it’s by no means a perfect system, especially for small, female-owned businesses and those located in historically underutilized business zones (HUBZones). The federal goal for women-owned small businesses has only been met twice since its inception in 1994, and HUBZone’s goal has never been met, Goldman Sachs CEO David Solomon wrote in a recent op-ed for CNBC expressing support for the Bank expressed its desire for the SBA’s first re-approval by Congress in more than two decades to give it more opportunities to support small businesses.

In 2021, women-owned small businesses received $26.2 billion in federal contracts, or 4.63% of total eligible dollars for fiscal 2021, the SBA said. The goal was 5%.

HUBZone small businesses, meanwhile, received $14.3 billion in historic contract awards, representing 2.53% of total eligible $2021 in fiscal year 2021. That’s the highest level in about 10 years, Guzman said, but it still falls short of the government’s statutory target of 3%.

While the agency hasn’t met those goals, Guzman said, “they’re still on the horizon.”

For women-owned businesses, the SBA has increased the number of certified businesses from about 1,000 to nearly 6,000. It has also expanded the NAICS codes, the classification system used by the government for business categories for which women-led businesses can receive decommissioned awards. More than 92% of federal spending is covered by NAICS codes that are eligible for WOSB (Women Owned Small Businesses) decommissioning awards, according to the SBA.

The SBA also continues to work to help HUBZone companies compete for federal contracts. In 2020, the agency simplified the rules to help these companies compete more effectively. Guzman said the agency aims to “gain expanded reach and ensure more businesses are aware of the simplified rules.”

It was a goal of President Biden to help small businesses get more federal contracts. In particular, spending by disadvantaged small businesses hit 11% for the first time, according to the new SBA data. The aim is to achieve 15% of federal orders by 2025.

White House Reforms for Main Street

Late last year, the White House announced major reforms to encourage fairer purchasing practices. One example is the attempt to reform the federal government’s use of “category management,” which has helped consolidate contracting dollars, said Eliza McCullough, a staffer at PolicyLink. The practice allows federal agencies to purchase contracts as an organized entity rather than as thousands of independent buyers. This helps avoid redundant purchasing decisions, but an unintended result is that small, disadvantaged companies get a proportionately smaller share of orders, she said.

Reforms to mitigate the injustices include automatically giving category management “credits” to agencies for all awards given to small, disadvantaged businesses, and strengthening the voice for small business equality considerations in category management governance , McCullough said.

“Along with increased investment in historically black colleges and universities and other institutions that serve communities of color to nurture the next generation of black, Latinx and tribal-owned small businesses, these reforms are democratizing access to federal contracts and promoting inclusive business development,” said McCullough.

See Paddington Bear’s touching message to the late Queen Elizabeth II

Paddington Bear has infinite gratitude for the belated Queen Elizabeth the second.

After the British monarch passed away on September 8 at the age of 96, the beloved figure’s official Twitter account shared a few words in her honor. “Thank you ma’am,” read the September 8 message. “For everything.”

The note written to the Queen contained the same five words Paddington mentioned at the end of a video he starred in alongside Her Majesty earlier this year.

To celebrate their platinum anniversary in June, Paddington and Queen Elizabeth II (with a little CGI help, of course) got together to enjoy tea. In the sweet video, which was also shown outside Buckingham Palace during the June 4 celebrations, Paddington and the Queen open up about their love for the bear’s favorite snack: a jam sandwich.

Paddington’s touching recall serves as one of many tributes penned by figures around the world who have honored the Queen’s legacy.

In keeping with the CDC, HIV-positive individuals had been extra prone to be hospitalized with monkeypox

According to a study by the Centers for Disease Control and Prevention, people with HIV who contract monkeypox are more than twice as likely to be hospitalized as other patients diagnosed with the fast-spreading virus.

In a report released Thursday, the CDC found that 38% of the nearly 2,000 people diagnosed with monkeypox between May and July were living with HIV. Among 1,300 monkeypox patients with more detailed clinical data, 8% of HIV-positive people were hospitalized, compared with 3% of those without HIV infection.

The CDC found that HIV-positive people in particular who have low T-cell counts, indicating a weaker immune system, and who are not suppressing the virus are more likely to be hospitalized with monkeypox.

But data on the reason for hospitalization is incomplete, so it’s not known whether HIV-positive people hospitalized with monkeypox have a more serious illness, according to the CDC. People living with HIV in previous monkeypox outbreaks in Nigeria have had poor outcomes.

Monkeypox is primarily spread through sex among gay and bisexual men, although anyone can catch the virus through close physical contact with an infected person or through contaminated materials such as towels and bed sheets.

According to the CDC, men who have sex with men are more likely to be infected with HIV than the general population. But the 38% of monkeypox patients who also have HIV is far higher than the rate seen among the broader population of gay and bisexual men, the study found.

The percentage of monkeypox patients who have HIV has also increased over time, suggesting that monkeypox may be spreading more in networks of people living with HIV, according to the agency.

The CDC found a large racial disparity between people living with HIV and monkeypox. Black and Hispanic patients had monkeypox and HIV at far higher rates — 63% and 41%, respectively — than white patients, at 28%.

Monkeypox disproportionately affects black and Hispanic populations. According to CDC data, nearly 38% of monkeypox patients are black, 29% are Hispanic, and 27% are white. According to the 2020 Census data, the total population of the United States is 12% Black, 19% Hispanic, and 61% White.

People with HIV who also have monkeypox are more likely to report some symptoms, such as rectal pain and proctitis. Monkeypox causes a rash that resembles pimples or blisters and often develops on sensitive areas such as the anus or genitals.

The CDC officials who authored the study said vaccination against monkeypox should be prioritized for people who are HIV positive and have other sexually transmitted infections.

People screened for monkeypox should also undergo HIV and STI screening, the authors said. According to the CDC study, about 41% of monkeypox patients last year were diagnosed with one or more STDs. Healthcare providers should also offer patients medications, such as PrEP, to help lower their risk of contracting HIV through sex.

The CDC estimates that 1.6 million gay and bisexual men who are HIV-positive or who are taking medication to reduce their risk of HIV face the greatest threat from monkeypox. To date, more than 460,000 doses of monkeypox vaccine have been administered. Department of Health and Human Services officials said the US is nearing the point where enough doses are available to fully vaccinate the highest-risk population.

The US is battling the world’s largest monkeypox outbreak, with more than 21,000 reported cases in all 50 states, Washington DC and Puerto Rico, according to CDC data. White House health officials said Wednesday that the outbreak appears to be slowing as vaccination increases, although racial disparities in people diagnosed with monkeypox are growing.

The airways’ chaotic summer season is over. These 5 charts present the way it went

Travelers make their way through Orlando International Airport over New Year’s weekend despite thousands of flight cancellations and delays across the United States.

Paul Hennessy | Light Rocket | Getty Images

It’s been an expensive and chaotic summer for air travel.

A larger proportion of flights were delayed or canceled during the late spring and summer peak travel season, which runs from Memorial Day weekend through Labor Day, compared to the same period prior to the 2019 pandemic Millions of consumers booked trips after missing out on flights for two years. Round-trip domestic flights cost an average of $342 between May and September, up nearly 11% from the same period in 2019, according to fare tracker Hopper.

Labor shortages made it even harder for airlines to recover from routine events. Over-ambitious truckers have slashed their busy schedules to give their operations more breathing room. Overwhelmed European hubs limited passenger numbers. Even the travel benefits for airline employees have been scaled back.

Government agencies and airlines disputed who was to blame. And on September 1, the Department of Transportation released a dashboard outlining what customers are owed when airlines delay or cancel their flights.

Fares are finally starting to fall along with temperatures, but demand for holiday travel is still strong, executives said this week.

“We’re having a really strong September,” United Airlines senior vice president of global network planning and alliances Patrick Quayle said at an industry conference in Cowen this week. “It doesn’t look like the summer has ended. That’s how strong it is.”

As airlines gear up for fall — and the busy end-of-year holiday season — here’s how they’ve dealt with the heat this summer:

Make vacation like 2019

Passenger numbers have skyrocketed this summer compared to the past two years. Over Labor Day weekend, the Transportation Security Administration screened about 8.76 million people, marking the first holiday weekend since the start of the Covid pandemic to be busier than one in 2019.

disruptions increase

Airlines have canceled or rescheduled a larger proportion of their flights compared to 2019. Thinner staffing levels and training backlogs meant they had fewer crew members to fill in when scheduled employees like pilots hit federally mandated workday limits.

Operations improved for some airlines in August and the important Labor Day weekend. Delta Air Lines reduced August cancellations by 25% compared to July, CEO Ed Bastian said Thursday in an employee memo verified by CNBC. On Labor Day, the airline canceled 15 mainline flights out of 16,636 departures, he said.

Airport delays varied across the country, but some of the largest hubs had a larger share of delayed flights, often caused by spring and summer storms.

Complaints are piling up

Complaints from travelers to the transportation department increased along with flight disruptions.

Tariffs cool

Domestic round-trip fares rose sharply this spring, peaking at $404 in May, up 25% from three years ago, according to Hopper data. But a drop in prices combined with a seasonal lull as business travel remains below 2019 volumes makes for some fall deals.

Domestic air fares average $299 in September, still 2% higher than the same month three years ago. And airline executives expect travel demand to pick up sharply around the holiday period.

“Although we’re slowing down a bit after peaking in the summer, the holiday travel season will be here before you know it,” American Airlines COO David Seymour told employees this week.

Queen Elizabeth II of Britain, world’s longest-serving monarch, dies at 96

The Royal Family tweeted: The Queen died peacefully at Balmoral this afternoon. The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow.

Jane Bown | Camera Press | Redux

Queen Elizabeth II, the world’s longest-serving monarch who as a teen witnessed the horrors of World War II and as an aged sovereign saw the agonies of a deadly pandemic and the personal pain of her own family’s turmoil, has died.

She was 96. The queen died “peacefully” at Balmoral Castle in Scotland, the British royal family said.

Under a long-standing plan known as “Operation London Bridge,” her death ushers in 10 days of national mourning. Her son Charles became king upon her death, and will be called King Charles III.

With husband Prince Philip by her side, Elizabeth became queen of the United Kingdom, Canada, Australia and New Zealand upon the death of her father, George VI, on Feb. 6, 1952. Her coronation was June 2, 1953.

On Feb. 6, 2022, Elizabeth became the first British monarch to reign 70 years. In honor of the occasion, the United Kingdom and the Commonwealth held a Platinum Jubilee in June 2022.

The 96-year-old monarch made an appearance with her family on the balcony of Buckingham Palace during the first day of the four-day-long Platinum Jubilee, waving to tens of thousands of people gathered below and watching an aviation display in her honor. But she was unable to attend events later on during the celebrations due to discomfort.

Queen Elizabeth II watches from the balcony of Buckingham Palace during the Trooping the Colour parade the Trooping the Colour parade on June 2, 2022 in London, England.

Wpa Pool | Getty Images

Elizabeth’s reign covered a period of massive social, economic, technological and political change. It saw the transformation of the once-global British Empire into a Commonwealth of 52 independent nations headed by the queen, and the country’s entrance into and exit from the European Union. Fifteen prime ministers served under Elizabeth — from Winston Churchill on her accession to the throne in 1952 to Liz Truss, who was sworn in by the frail queen only two days before the monarch’s death was announced.

She also presided over a family that saw tragedy, scandal and turmoil, including the death of former Princess Diana, the association of son Prince Andrew with the late millionaire sex criminal Jeffrey Epstein, and the decision by grandson Prince Harry to seek a more private life with his wife, the former Meghan Markle.  

‘Lilibet’ and the War

Then-Princess Elizabeth learns how to change a car tire as an auxiliary officer of the English Army, 1945.

Roger Viollet | Getty Images

Born April 21, 1926, Elizabeth was the first child of the Duke and Duchess of York, who became King George VI and Queen Elizabeth in 1937 following the abdication of Edward VIII. She was the 32nd great-granddaughter of King Alfred the Great, England’s first monarch, who reigned from 871 to 899.

“Lilibet” and her younger sister, Margaret, born in 1930, were educated at home by tutors, including a governess.

Soon after the coronation of Elizabeth’s father, the U.K. was plunged into World War II. At 14, she made her first radio broadcast in 1940, addressing children who had been evacuated to the countryside and abroad to avoid the bombings of British cities.

“We know, every one of us, that in the end, all will be well,” she intoned in a delicate soprano to the BBC “Children’s Hour” audience. “For God will care for us and give us victory and peace. When peace comes, remember it will be for us, the children of today, to make the world of tomorrow a better and happier place.”

Later during the war, the teenage princess served as a driver for the Auxiliary Territorial Service.

Princess Elizabeth (later Queen Elizabeth II) is greeted by crowds as she tours the East End of London on the day after VE Day, 9th May 1945.

Chris Ware | Hulton Royals Collection | Getty Images

When VE Day arrived, she and Margaret sneaked out of Buckingham Palace to mingle with the crowds on the streets of London celebrating the Allied victory in Europe. “I remember lines of unknown people linking arms and walking down Whitehall, all of us just swept along on a tide of happiness and relief,” she told a biographer.

Married to Philip

On Nov. 20, 2017, Elizabeth and Prince Philip celebrated their 70th wedding anniversary. Their 73½-year marriage was by far the longest for the monarchy, surpassing that of King George III and Queen Charlotte’s 57 years (1761-1818).

Queen Elizabeth II and the Duke of Edinburgh at Broadlands in 2017.

Fiona Hanson | PA Images | Getty Images

Princess Elizabeth met Prince Philip of Greece and Denmark in 1934 at the wedding of his first cousin, Princess Marina, to Prince George, Duke of Kent.

Thirteen years later, Elizabeth and Philip married at Westminster Abbey in an uplifting ceremony — two years after the end of World War II. Hundreds of thousands of people lined the streets along the route from Buckingham Palace.

“For a brief moment the pace of the strident terrible twentieth century was slowed to the trot of cavalry horses and the rumbling of coaches and pageantry evoked bitter sweet memories of this island’s old, heroic past,” The New York Times’ Drew Middleton wrote in a dispatch from London.

Philip, the princess’ third cousin, had served with the Royal Navy during World War II. His family name was changed to Mountbatten from Battenberg during World War I because of anti-German sentiment.

The union was not without controversy. Philip was broke and foreign-born, but nonetheless they received 2,500 wedding gifts from around the world. A son and heir, Charles, was born in 1948, followed by Anne, Andrew and Edward.

Kenya, Princess Elizabeth and The Duke of Edinburgh are formally greeted by an Asian man who is shaking the Princess’s hand. Beside him stands an Asian woman wearing traditional dress.

Bristol Archives | Universal Images Group | Getty Images

In 1952, Elizabeth and Philip, the Duke of Edinburgh, began a tour of Australia and New Zealand by stopping in Africa. While they were in Kenya, the news reached them on Feb. 6 that King George had died. At age 25, Elizabeth ascended to the throne and was crowned the following year in the first live television coronation to be broadcast around the world.

Queen Elizabeth II and the Duke of Edinburgh wave from the balcony at Buckingham Palace during the queen’s coronation celebrations June 2, 1953.

Keystone | Getty Images

In May 2017, a month before Philip’s 96th birthday, Buckingham Palace announced that the duke was retiring from his royal duties as of September.

Philip died at age 99 on April 9, 2021, the 16th anniversary of the marriage of Prince Charles and Camilla, and the duke’s funeral was four days before Elizabeth’s 95th birthday on April 21. On what would have been his 100th birthday on June 20, the queen planted a specially bred rose named the Duke of Edinburgh in Windsor Castle’s East Terrace Garden.

Longest-reigning monarch

During her time on the throne, Elizabeth took her place on the global stage along with elected leaders and dictators.

Her long reign saw her circling the globe many times: Following her coronation, Elizabeth and Philip took a seven-month tour, visiting 13 countries and logging more than 40,000 miles.

She had met with every U.S. president from Harry S. Truman to Joe Biden, except for Lyndon Johnson. She was entertained at the White House by five presidents — Dwight Eisenhower, Gerald Ford, Ronald Reagan, George H.W. Bush and George W. Bush. She also met five popes, from Pius XII (in 1951 before she was queen) to Francis in 2014.

The royal family looks on during the annual Trooping The Colour ceremony on June 13, 2015, in London. (L-R) Camilla, Duchess of Cornwall; Prince Charles, Prince of Wales; Prince George of Cambridge; Prince William, Duke of Cambridge; Catherine, Duchess of Cambridge; Queen Elizabeth II; Prince Harry; Prince Philip, Duke of Edinburgh; Prince Andrew, Duke of York.

Samir Hussein | WireImage | Getty Images

In 2015, Elizabeth overtook her great-great-grandmother Queen Victoria to become the oldest and longest-reigning British monarch. Upon the October 2016 death of Thailand’s King Bhumibol Adulyadej, ending his 70 years on the throne, she became the world’s longest-reigning monarch and head of state.

She celebrated six jubilees, her 25th, 40th, 50th, 60th, 65th and 70th years on the throne, as well as the marriages of her four children and the births of eight grandchildren and 12 great-grandchildren.

The storybook wedding of her son Charles to Lady Diana Spencer on July 29, 1981, was attended by 2,650 guests at St. Paul’s Cathedral and witnessed by nearly a billion television viewers around the world.

Elizabeth’s reign was also marked by crisis, including two assassinations attempts, in 1970 and 1981 in Australia and New Zealand, respectively. In 1979, her art advisor, Anthony Blunt, was unmasked as a communist spy, and Prince Philip’s uncle, Lord Mountbatten, was killed by an Irish Republican Army bomb.

‘Annus horribilis’

In 1969, the queen opened palace doors to television cameras for a candid look at the family in an attempt to humanize its members. The resulting documentary, “Royal Family,” was seen by millions of Britons on the BBC and ITV. Critics, however, claimed it debased the Windsors, and led to the frenzied celebrity coverage of members of “The Firm,” as the family is known. It has not been aired since 1972.

The Royal Family standing outside Clarence House on the 89th Birthday of the Queen Mother including Prince Andrew the Duke of York, Queen Elizabeth II, Prince Charles, Princess Diana, Sarah Ferguson the Duchess of York, Prince Edward and Zara Phillips. 4th August 1989.

Roger Allen | Mirrorpix | Getty Images

In 1992, the marriages of three of her children collapsed. Andrew divorced Sarah Ferguson, Anne divorced Capt. Mark Phillips and Diana’s tell-all book revealed Charles’ affair with Camilla Parker-Bowles. Charles and Diana soon began a separation that ended in divorce four years later.

During an October 1992 visit by the queen to Dresden, eastern Germany, whose inner city was largely destroyed by the 1945 British-American firestorm, she was pelted with eggs. Back home the next month, on the 45th anniversary of her marriage to Philip, fire heavily damaged Windsor Castle, one of her official residences.

The queen with a firefighter inspecting damage at Windsor Castle.

Getty Images: Tim Graham | Corbis Historical/Tim Graham Photo Library

“1992 is not a year on which I shall look back with undiluted pleasure,” she said in the speech, 40 years after she ascended to the throne and four days after the Windsor fire. “In the words of one of my more sympathetic correspondents, it has turned out to be an ‘annus horribilis.’ I suspect that I am not alone in thinking it so.”

The year 2002, wasn’t so good, either. She lost her sister, Princess Margaret, in February, and her mother, Queen Elizabeth, the 101-year-old Queen Mother, seven weeks later.

In spite of republican sentiments at home and in the Commonwealth and criticism of the royal family’s lifestyle, Elizabeth seemingly managed to rise above the gossip and opprobrium, with her personal popularity generally remaining high.

To be sure, she was vilified for remaining at Balmoral Castle in Scotland for five days after the death of Diana on Aug. 31, 1997. In the early morning hours, Buckingham Palace issued a brief statement saying the queen and Charles were “deeply shocked and distressed by this terrible news.” But to the dismay of much of the nation, the royal family hunkered down at Balmoral rather than to immediately return to London.

Many of her subjects were aghast that Buckingham Palace didn’t fly the flag at half staff. In fact, in accordance with protocol, no flag flew on the palace until she finally returned there on Sept. 4. The family later said they stayed at Balmoral to protect and prepare her grieving grandsons, Princes William and Harry, then 15 and 12, for their mother’s funeral.

Royal Family, Balmoral Estate, Scotland, 5th September 1997. After attending a private service at Crathie Church, Royal family stop to look at floral tributes left for Princess Diana, at the gates of Balmoral Castle. They are: Queen Elizabeth II, Prince Philip, Prince Charles, Prince William, Prince Harry, Peter Phillips.

Robert Patterson | Mirrorpix | Getty Images

Still, Elizabeth’s silence was deafening. “Your people are suffering … SPEAK TO US MA’AM,” screamed the headline on The Mirror tabloid on Sept. 4.

A day later, on the eve of the funeral, the queen gave a live televised speech, lamenting “from my heart” the “dreadful news” about the Princess of Wales, and remembering her as an “exceptional and gifted human being” and devoted mother.

“No one who knew Diana will ever forget her,” the queen continued. “Millions of others who never met her, but felt they knew her, will remember her. I for one believe there are lessons to be drawn from her life and from the extraordinary and moving reaction to her death. I share in your determination to cherish her memory.”

A generation later, in a sign of just how far the monarchy itself had come during her reign, the niece of the king who abdicated his throne so that he could marry an American divorcee welcomed the November 2017 engagement and May 2018 marriage of Harry to Markle, a divorced biracial American actress.

Britain’s Prince Harry, Duke of Sussex kisses his wife Meghan, Duchess of Sussex as they leave from the West Door of St George’s Chapel, Windsor Castle, in Windsor, on May 19, 2018 after their wedding ceremony.

Ben Stansall | AFP | Getty Images

The queen expressed similar joy upon the birth of the Duke and Duchess of Sussex’s son, Archie, on May 6, 2019.

But nearly two years later, the House of Windsor was rocked by the self-exiled Sussexes’ charges of racism and insensitivity to an outsider.

In early 2020, Elizabeth convened an emergency meeting with Charles, William and Harry to discuss the latter’s attempt to step back from royal duties and live part time abroad. In typically diplomatic language, the queen’s post-meeting statement said:

“My family and I are entirely supportive of Harry and Meghan’s desire to create a new life as a young family. Although we would have preferred them to remain full-time working Members of the Royal Family, we respect and understand their wish to live a more independent life as a family while remaining a valued part of my family.”

Queen Elizabeth II, Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex watch a flypast to mark the centenary of the Royal Air Force from the balcony of Buckingham Palace on July 10, 2018 in London, England.

Max Mumby | Indigo | Getty Images

A year later, Harry and Meghan confirmed their decision. “While all are saddened by their decision, The Duke and Duchess remain much loved members of the family,” the queen said in a statement.

Then in March 2021, the Sussexes aired their charges of racism during an interview with Oprah Winfrey from their home in Santa Barbara, California. Meghan alleged that a member of “The Firm” had raised concerns during her pregnancy with Archie about how “dark his skin might be when he’s born.” The couple didn’t identify who had raised the issue, but said it wasn’t Elizabeth or Philip. The Sussexes also said the family had withdrawn security protection for them, and Meghan said she had had “clear and real and frightening thought” about suicide.

In a statement after the interview aired, the queen responded with concern and sensitivity: “The whole family is saddened to learn the full extent of how challenging the last few years have been for Harry and Meghan. The issues raised, particularly that of race, are concerning, While some recollections may vary, they are taken very seriously and will be addressed by the family privately. Harry, Meghan and Archie will always be much loved family members.”

Three months later, in June 2021, Meghan gave birth to the queen’s 11th great-grandchild, Lilibet “Lili” Diana Mountbatten-Windsor, named after Harry’s grandmother and mother.

Around that time, Elizabeth was criticized after reports that she allowed Andrew to be interviewed in Buckingham Palace by the BBC in November 2019 about his relationship with Epstein. Days after the interview, Andrew announced that the queen “has given her permission” for him to “step back from public duties for the foreseeable future.”

The announcement happened to come on the 72nd anniversary of the queen’s marriage to Philip.

An earlier example of how the queen’s years of diplomacy and experience managed to win over people was demonstrated in the 2011 state visit to Ireland, a country that spent the first half of the 20th century fighting for independence from the U.K. and the second half involved in the Northern Ireland “troubles” that saw 3,600 people dead, including Philip’s mentor, Lord Mountbatten. Her official visit to Ireland, the first by a British monarch in a century, came nearly 13 years after the Good Friday peace agreement.

Queen Elizabeth II, then age 89, smiles as she arrives at Tweedbank Station in Scotland, Sept. 9, 2015.

Getty Images

Addressing a dinner in her honor at Dublin Castle, Elizabeth helped the two countries put the previous decades of strife behind them by beginning her speech in Gaelic: “A Uachtarain, agus a chairde” — “president and friends.”

“It is a sad and regrettable reality that through history our islands have experienced more than their fair share of heartache, turbulence and loss. … To all those who have suffered as a consequence of our troubled past I extend my sincere thoughts and deep sympathy,” she continued.

“With the benefit of historical hindsight we can all see things which we would wish had been done differently or not at all. But it is also true that no one who looked to the future over the past centuries could have imagined the strength of the bonds that are now in place between the governments and the people of our two nations. So ladies and gentlemen, I ask you to rise and join me in a toast to the president and people of Ireland.”

‘This one is different’

Later during her reign, the world shut down as the coronavirus pandemic swept the globe.

On an early April day in 2020, the queen appeared in a rare video speech from Windsor Castle to promise her subjects that they will prevail over the coronavirus. The speech aired hours before then Prime Minister Boris Johnson was hospitalized for Covid-19. 

“While we have faced challenges before, this one is different,” she said. “This time we join with all nations across the globe in a common endeavor, using the great advances of science and our instinctive compassion to heal.”

During the pandemic, Elizabeth and Philip stayed at Windsor Castle, where she performed duties remotely and where the couple received their first vaccinations in January 2021.

But Covid restrictions were still in place during Philip’s funeral in April 2021. To comply with the stringent pandemic-era social distancing protocols in effect across the country, the queen sat alone in mourning, dressed in black instead of her usual bright colors.

Queen Elizabeth II takes her seat during the funeral of Prince Philip at St George’s Chapel at Windsor Castle on April 17, 2021 in Windsor, England.

Victoria Jones | Reuters

A day after Philip’s death, daughter-in-law Sophie Countess of Wessex told well-wishers outside Windsor Castle that “the queen has been amazing.” On his casket, Elizabeth left a handwritten note signed “Lilibet,” and on her 95th birthday four days later, she issued a statement saying she had been “deeply touched” by her subjects’ displays of “support and kindness.”

In her televised speech on Palm Sunday 2020, the queen promised victory over Covid.

“We will succeed — and that success will belong to every one of us. We should take comfort that while we may have more still to endure, better days will return: We will be with our friends again; we will be with our families again; we will meet again.”

The Union flag is lowered on Windsor Castle as a rainbow covers the sky on September 08, 2022 in Windsor, England. Elizabeth Alexandra Mary Windsor was born in Bruton Street, Mayfair, London on 21 April 1926.

Chris Jackson | Chris Jackson Collection | Getty Images

— Phillip Tutt, formerly of CNBC.com, and Michele Luhn contributed to this story.

Correction: The queen visited Dresden in eastern Germany in 1992. A previous version of this story misidentified the region.

Digital World Acquisition Corp has no votes to delay Trump merger

This illustrative photo shows Donald Trump’s new social media app Truth Social sparkling on a smartphone on February 21, 2022 in Los Angeles.

Chris Delmas | AFP | Getty Images

Digital World Acquisition Corp., the SPAC that aims to take former President Donald Trump’s media company public, adjourned its stockholders’ meeting until Oct. 10 to continue voting on delaying the merger.

DWAC had already adjourned the meeting twice earlier in the day, having previously adjourned it on Tuesday. The deadline for the merger was set for Thursday. The vote could decide the fate of a $1.3 billion cash injection from DWAC’s public offering and the eventual listing of Trump Media and Technology Group on the stock exchange.

DWAC confirmed Thursday that ARC Global Investments II, a company controlled by DWAC CEO Patrick Orlando, initiated an integrated three-month extension by paying $2.8 million into DWAC’s escrow account.

The 10 cent per share deposit pushes the merger deadline to December 8, about two months after the next scheduled special meeting. In light of the extension, DWAC ended its statement by calling on investors to vote for the extension.

After Thursday’s break, Orlando posted a reference to “Star Trek” on Truth Social, along with a photo of a tomahawk steak, a selfie with a white Ford Bronco, and quotes from Trump and Thomas Jefferson.

Shares of DWAC fluctuated on low volume after the market close.

Trump Media owns Truth Social, which was founded by the former president after he was banned from Twitter following the January 6, 2021 Capitol riot.

Digital World had previously warned that a failure of the vote could lead to the dissolution of the SPAC. The built-in extension buys the company a little more time to collect votes and increases the stock payout from about $10.20 to about $10.30 in the event of liquidation.

DWAC was scheduled to announce voting results Tuesday, but Orlando adjourned its special session after just two minutes to allow more voting time. Earlier that day, citing sources familiar with the matter, Reuters reported that DWAC had not received the votes needed for the extension.

DWAC needs 65% of shareholders to support extending merger deadline. Though 20% of those Orlando shares are held through ARC Global Investments, he says the deal has attracted many retail investors. Orlando got these investors to vote on “Truth Social.”

The deal was also the subject of an SEC investigation for possible securities breaches, which arose from reports that representatives from Trump Media and DWAC were discussing the merger ahead of DWAC’s public offering.

Trump Media and Technology Group blamed the SEC for delaying the merger, claiming that “meaningful feedback” from the commission was long overdue.

“In the interest of simple fairness, the SEC must put aside any undue political considerations and bring its review to a swift conclusion,” Trump Media said in a statement.

CNBC reached out to the SEC for comment Thursday.

Trump Media has denied reports of financial disputes alleging the company owes a contractor over $1 million. The former president has hinted that the company may not need the cash injection from the DWAC deal.

“Anyway, I don’t need funding, ‘I’m really rich!’ Anyone private company???” Trump wrote in a Truth Social post on Saturday.

Barack Obama and President Joe Biden pay heartfelt tribute to Queen Elizabeth II after her loss of life

As tributes for the late Queen Elizabeth II continue to pour in from around the world, Barack Obama and Joe Biden were among the first to speak of her death. Former President Barack Obama, Michelle Obama, and current POTUS Joe Biden and First Lady Jill Biden all released long, heartfelt statements on the recent death of Queen Elizabeth II, which were widely shared on social media.

In a joint statement with wife Michelle Obama, Barack Obama wrote the following about the life and death of Queen Elizabeth II:

“From the day of her coronation 70 years ago – the first ever televised – to this moment as countless tributes in her honor are posted online, Her Majesty Queen Elizabeth II has captivated the world. Her Majesty was just 25 years old when she took on the enormous task of leading one of the world’s greatest democracies. In the decades that followed, she made the role of queen her own, with a reign marked by grace, elegance and a tireless work ethic that defied the odds and expectations placed on women of her generation.

“Michelle and I were fortunate to meet Her Majesty and she meant a great deal to us. As we were just beginning to move through life as President and First Lady, she welcomed us onto the world stage with open arms and extraordinary generosity. We have always been struck by her warmth, her ability to put people at ease, and how she brought her considerable sense of humor and charm to moments of great pomp and circumstance.”

President Joe Biden echoed many of Barack Obama’s sentiments in his own lengthy tribute, also published in collaboration with his wife Jill Biden:

“Her Majesty Queen Elizabeth II was more than a monarch. She shaped an era. In a world of constant change, she has been a constant presence and a source of comfort and pride for generations of Britons, including many who have never known their country without her. A lasting admiration for Queen Elizabeth II united people across the Commonwealth. The seven decades of her storied rule witnessed an age of unprecedented human progress and the advancement of human dignity.

She was the first British monarch with whom people around the world could feel a personal and immediate connection, whether they heard her on the radio addressing the children of the United Kingdom as a young princess or gathered around their television sets for her coronation. or watched their last Christmas speech or their platinum anniversary on their phones. And she, in turn, devoted her whole life to her ministry.

Queen Elizabeth II was a stateswoman of unmatched dignity and steadfastness who deepened the rock-solid alliance between the United Kingdom and the United States. She helped make our relationship special.”

Meanwhile, Barack Obama and Joe Biden had a reunion of sorts earlier this week when the Obamas were present at the White House when President Biden presented them with their official White House portraits.

Mercedes-Benz, Rivian accomplice for EV business automobiles in Europe

Production of Amazon electric delivery trucks on April 11, 2022 at Rivian’s facility in Normal, Illinois.

Michael Wayland/CNBC

Mercedes-Benz and Rivian announced on Thursday that they are planning a joint venture to build large, electric commercial vehicles for both brands.

The companies plan to produce two different EV vans — one for each automaker — on a shared assembly line, they said. The idea is to reduce costs for both companies by sharing investments, technology and suppliers.

They plan to build a new all-electric manufacturing facility at an existing Mercedes-Benz factory site in Central or Eastern Europe, with production slated to begin in “a couple of years,” the two companies said in a statement.

“Mercedes‑Benz Vans has gained extensive experience in the production and market launch of eVans since 2010. Now we are accelerating the transformation towards an all-electric product portfolio,” said Mathias Geisen, Head of Mercedes Commercial Vans. “We share investments and technology [with Rivian] because we also share the same strategic goal: to accelerate the electrification of the van market with sustainable and superior products for our customers.”

While Mercedes-Benz has been building commercial vehicles for many years and electric vans for more than a decade, Rivian is a newcomer to the segment. The California-based EV startup began manufacturing EV pickup trucks for Amazon earlier this year, just months after it began producing its own high-end electric pickups and SUVs at its Illinois factory.

Read more about electric vehicles from CNBC Pro

Although the vans that Mercedes and Rivian will eventually build will likely be similar, they will have different designs: Mercedes will be based on its forthcoming new EV van architecture, due to debut in 2025; Rivian relies on the next-generation version of the light van platform it developed for Amazon.

Correction: This story has been updated to correct that Rivian is based in California.

2 takeaways from the Investing Membership ‘morning assembly’ on Thursday

Why Losts Matthew Fox returned to appearing after a 7 yr hiatus

Matthew Fox is back in action.

The 56-year-old star returns to the small screen for the first time since his favorite TV series Lost ended in 2010 for Peacock’s new limited series Last Light. His role as Andy Yeats, a petrochemist struggling to save the world from an apocalyptic oil crisis, comes seven years after his last acting role in the 2015 film Bone Tomahawk.

So what did Fox get out of retirement?

“On a personal level, for the first time in my career, I wanted to be an executive producer,” he told E! News. “I had a bucket list ready of projects I wanted to do in 2014 and I felt like I had accomplished what I set out to do and would focus my energy elsewhere. The idea that I would never have been an executive producer was still kind of there, and this project would give me the opportunity to do that with my management partner Bill Choi, who is my manager, but above all a very good friend. We wanted the opportunity to collaborate and work on creative elements rather than some kind of logistics.”

Fox also connected to the project’s storyline, which sees Yeats trying to reconnect with his family around the world as they try to survive the crumbling world around them.