Thursday, October 9, 2025

News from October 8, 2025

619 articles found

Watch: Arturo Gatti’s son’s training video with Mike Tyson resurfaces after his mysterious death at 17
Technology

Watch: Arturo Gatti’s son’s training video with Mike Tyson resurfaces after his mysterious death at 17

Arturo Gatti Jr trains with Mike Tyson. (Image: X/howboxingworkss) Arturo Gatti Jr., the 17-year-old son of late boxing legend Arturo Gatti, was found dead on Monday, October 6, in Mexico, according to The Ring Magazine. Gatti Jr., who lived with his mother, Amanda Rodrigues, was pursuing a professional boxing career and had been training actively in recent months.Authorities in Mexico have not yet determined the cause of death. Initial reports suggest that he was discovered by a neighbor, though no further details have been released. His mother, Amanda Rodrigues, the widow of the former world champion, was in Mexico with him at the time.The circumstances surrounding Gatti Jr.’s death have drawn comparisons to his father’s controversial passing 16 years ago, in Pernambuco, Brazil, at the age of 37. The former WBC super lightweight champion, Arturo Gatti, whose death was initially ruled a suicide but has continued to be questioned by family and friends.Arturo Gatti Jr. with Mike TysonFollowing the death of 17-year-old Arturo Gatti Jr., son of late boxing icon Arturo Gatti, fans have been sharing a video of the young fighter training with Mike Tyson, a moment that has since gone viral across social media.— howboxingworkss (@howboxingworkss) Recently he had been preparing for a professional bout scheduled in Mexico for June 14, 2025, though he was reportedly removed from the fight card for reasons that remain unclear.Live EventsTributes for Arturo Gatti JrFormer WBC light heavyweight champion Jean Pascal issued a heartfelt tribute to the Gatti family on social media. “Sixteen years after losing his father, the world loses another Gatti,” Pascal wrote on Instagram, alongside a picture of Arturo Gatti Jr. and Arturo Gatti Sr.“The son of a legendary fighter, one legacy,” Pascal continued. “Both gone too soon. May they reunite in peace. My heart is heavy; life can be unfair sometimes.”Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onArturo Gatti JrMike Tysontraining videoMexicodeatharturo gattiArturo Gatti Jr. with Mike TysonWBCgattiarturo gatti jron (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onArturo Gatti JrMike Tysontraining videoMexicodeatharturo gattiArturo Gatti Jr. with Mike TysonWBCgattiarturo gatti jron(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless Explore More Stories123

Carolina Wealth Makes a Big $6 Million Bet on Novo Nordisk (NYSE: NVO)
Technology

Carolina Wealth Makes a Big $6 Million Bet on Novo Nordisk (NYSE: NVO)

On October 07, 2025, Carolina Wealth Advisors, LLC disclosed a buy of Novo Nordisk A/S (NYSE: NVO) shares, an estimated $6.01 million trade based on the average price for Q3 2025. What happened According to a U.S. Securities and Exchange Commission (SEC) filing dated October 07, 2025, Carolina Wealth Advisors, LLC increased its stake in Novo Nordisk, adding 102,629 shares during the third quarter. The estimated trade size was $6.01 million, calculated using the average closing price for the period from July 1 through September 30, 2025. The updated holding stands at 116,973 shares. What else to know This transaction was a buy, raising Novo Nordisk A/S to 2.8% of the fund’s 13F reportable AUM as of Q3 2025. Top holdings after the filing: NYSEMKT:SCHQ: $18.93 million (8.2% of AUM) as of September 30, 2025.NYSEMKT:BKAG: $13.22 million (5.7% of AUM) as of September 30, 2025.NYSEMKT:SCHP: $13.10 million (5.6589% of AUM) as of September 30, 2025.NYSE:DELL: $10.14 million (4.3781% of AUM) as of September 30, 2025.NYSEMKT:SPHY: $10.09 million (4.3568% of AUM) as of Q3 2025. As of October 6, 2025, Novo Nordisk A/S shares were priced at $59.65. This price reflects an underperformance of 65.4 percentage points relative to the S&P 500 over the past year. Company Overview Company Snapshot Novo Nordisk: Offers pharmaceutical products focused on diabetes, obesity, cardiovascular, rare blood disorders, and hormone replacement therapies, as well as medical devices such as insulin pens and smart diabetes solutions.Generates revenue primarily through the development, manufacturing, and global distribution of branded prescription medicines and medical devices, with a strong focus on chronic disease management.Serves healthcare providers, hospitals, and patients in Europe, North America, Asia, and other international markets, targeting individuals with diabetes, obesity, and rare diseases. Novo Nordisk is a global healthcare leader specializing in diabetes and obesity care, with a robust presence in rare disease therapeutics. The company leverages extensive research and development capabilities to deliver innovative pharmaceutical products and smart medical devices. Its scale, diversified product portfolio, and global reach provide a strong competitive position in chronic disease management. Foolish take Carolina Wealth Advisors' $6 million addition to its Novo Nordisk holdings is noteworthy as it grows the holding from a 0.5% position to a 2.8% stake in the firm's overall portfolio. This purchase makes the Ozempic and Wegovy maker the 11th-largest holding overall in the firm's portfolio, and its sixth-largest stock holding. With five bond and treasury ETFs making up 28% of Carolina Wealth's holdings, this ballooning Novo Nordisk stake stands out. Novo Nordisk's shares have dropped nearly 60% from their highs in the last two years, so this could be a well-timed acquisition. After receiving immense fanfare for its obesity and diabetic drug breakthroughs, the company's price-earnings (P/E) ratio soared to 50 as the stock hit new all-time highs in 2024. However, with revolutionary breakthroughs like these -- paired with the subsequent fanfare -- comes competition. Now the market has Novo Nordisk trading at a much more reasonable 19 times earnings as it tries to gauge just how much of its leading market share the company will be able to hold on to. Ultimately, if investors believe in Novo Nordisk's ability to maintain its leadership advantage and build upon its pipeline of promising treatments, today's valuation could be a bargain -- and Carolina Wealth is piling in. 13F AUM: Assets under management reported in quarterly SEC Form 13F filings, covering U.S. equity holdings by institutional investors.Reportable AUM: The portion of a fund’s assets under management that must be disclosed in regulatory filings, such as Form 13F.Quarter (Q3 2025): The third three-month period of the 2025 calendar year, covering July 1 to September 30.Stake: The ownership interest or position held in a company, typically measured by the number of shares owned.Top holdings: The largest investments in a fund’s portfolio, usually ranked by market value or percentage of total assets.Filing: An official document submitted to a regulatory authority, such as the SEC, disclosing financial or investment information.Underperformance: When an investment’s returns are lower than a benchmark or comparable index over a specific period.Chronic disease management: Ongoing medical care and treatment strategies for long-term health conditions, such as diabetes or obesity.Pharmaceutical products: Medications developed and manufactured for diagnosis, treatment, or prevention of diseases.Medical devices: Instruments or apparatuses used in the diagnosis, treatment, or management of medical conditions.Smart diabetes solutions: Technology-enabled tools, such as connected insulin pens, designed to help manage diabetes more effectively.TTM: The 12-month period ending with the most recent quarterly report.

Wuhan Open Round-Up: Elena Rybakina back in form, Noskova ousts Osaka, as Pegula escapes late scare
Technology

Wuhan Open Round-Up: Elena Rybakina back in form, Noskova ousts Osaka, as Pegula escapes late scare

The second round of the WTA 1000 Wuhan Open concluded on Day Three, featuring victories for Elena Rybakina and Jasmine Paolini, who continue their close fight to secure their spot in the WTA Finals. The main match of the day was marked by the elimination of Naomi Osaka at the hands of the 20-year-old Czech star Linda Nosková, who continued her hot streak after reaching the China Open final a week ago and dispatched the former World No. 1 in straight sets. Pegula survives three-set thriller The World No. 6 Jessica Pegula secured a hard-fought three-set victory, lasting almost three hours, against her compatriot Hailey Baptiste (No. 55) with a score of 6-4, 4-6, 7-6 [8-6]. Pegula squandered up to six match points before finally claiming the win. The 2024 US Open runner-up returned to winning ways after a disappointing semifinal exit at the China Open—a match she ultimately lost in a third-set tiebreak. This time, Pegula claimed her personal revenge by winning the deciding tiebreak. The match was a rollercoaster, with Pegula surviving an erratic first set on her serve to take the 6-4 lead. In the second set, Baptiste took control, managing her advantage in a battle of breaks to level the score against Pegula. Heading into the third set, Pegula served with a 5-2 lead and had several match points—both on her serve and on return—but Baptiste managed to level the score and force the final tiebreak. There, Pegula's seniority prevailed, and she secured a victory that sends her to the Round of 16, where she will face Ekaterina Alexandrova (9th seed). Match Statistics Baptiste vs. Pegula Noskova takes down Osaka in straight-sets win This was one of the duels of the day in Wuhan, featuring the 4-time Grand Slam champion Naomi Osaka—a fan favorite—up against the recent Beijing finalist, Linda Nosková. The Czech once again displayed the level that took her to her first WTA 1000 final last week, securing the victory 7-6(2), 6-3 against an erratic Osaka on serve. The Japanese star had barely 47% of first serves in—though she was effective with an 88% success rate—but she fell short on critical points. The first set saw no break opportunities for either player and went to a tiebreak, where Nosková secured five consecutive mini-breaks to claim the set. In the second set, both players exchanged two break chances each, but it was Nosková who secured the only break of the match late in the set, closing out the victory in one hour and 29 minutes. This marks her third victory against a Top 20 player in under 10 days. Match Statistics Osaka vs. Noskova Paolini fights back to secure crucial win The World No. 8 Jasmine Paolini rescued a hard-fought victory against local player Yue Yuan, advancing to the Round of 16 of the Wuhan Open in a battle that spanned three sets. The Italian had to come back from a set down to stay in the competition, ultimately winning 3-6, 6-4, 6-3. In the first set, Yuan (No. 109) was impeccable on serve, conceding only four service points and capitalizing on the only two break chances Paolini allowed. The local player began to surprise, but Paolini reacted strongly. In the subsequent sets, she landed over 80% of her first serves, which was key to saving every break point she faced. With patience, the Italian secured a late break in the second set, and then forged ahead with a mid-set break in the third to set the course for victory. Paolini claims a crucial win as she remains in the dispute for a spot in the WTA Finals, and she will face the Danish 10th seed Clara Tauson in her next match. Match Statistics Paolini vs. Yuan Rybakina rebounds from Beijing loss with impressive straight-sets win The World No. 10 Elena Rybakina was on a mission to get back to winning ways after her early exit at the China Open—where she barely reached the Round of 32 before losing to Eva Lys. This time, the Kazakh was impressive from the start, proving superior to her opponent Jaqueline Cristian, securing a 6-4, 6-3 victory. It was a dominant serving performance from Rybakina; she conceded zero break points, fired 11 aces, and won an incredible 89% of points on her first serve. The dynamic was clear from the first set, where Cristian struggled in most of her service games while failing to seriously threaten Rybakina's serve. The Kazakh secured a late break and held onto her serve to take the lead. Things were even better for Rybakina in the second set—she quickly stole a break right away to go up 3-0, needing only to hold her serve for the rest of the match to secure the 6-4, 6-3 victory after one hour and 24 minutes. Rybakina advances to the third round and keeps her fight for a spot in the WTA Finals alive. She will face the inspired Linda Nosková for a spot in the quarterfinals. Match Statistics Cristian vs. Rybakina

Who is Jonathan Rinderknecht?  Here's all details about the man arrested for starting Palisades fire
Technology

Who is Jonathan Rinderknecht? Here's all details about the man arrested for starting Palisades fire

Jonathan Rinderknecht Jonathan Rinderknecht was arrested on suspicion of causing the fire that ultimately became the destructive Palisades Fire, which charred and destroyed almost 8,000 buildings and killed 12 people, as per a report.Jonathan Rinderknecht Arrested in FloridaFederal and local officials on Wednesday said that Rinderknecht, a 29-year-old man, who was once a Pacific Palisades resident, was arrested near his residence in Florida, as per an ABC7 report. He is charged with destruction of property by use of fire, said acting US attorney Bill Essayli, according to the report.Jonathan Rinderknecht to Appear in Federal Court in OrlandoRinderknecht is expected to make an appearance in federal court in Orlando, Florida, on Wednesday, and if he is convicted, he could faces up to 20 years in prison, as reported by ABC7.ALSO READ: These are the major US airports facing delays due to the government shutdown — avoid at any costHow the Lachman Fire Began on New Year’s DayAt a press conference Wednesday, Essayli outlined the movements of Rinderknecht prior to, during, and following the start of the fire.Live EventsAs stated in the federal criminal complaint, Rinderknecht was an Uber driver on the evening of December 31, and his two passengers later informed the investigators that he was agitated and angry that evening, as per the ABC7 report.After dropping off a rider in Pacific Palisades, Rinderknecht is said to have parked his vehicle nearby and attempted, without success, to call an old friend, as per the report. He then hiked up to a trail, took iPhone videos from a nearby hilltop and listened to a "rap song, whose music video included objects being lit on fire," as reported by ABC7. Essayli even said that Rinderknecht had heard the song and watched the music video repeatedly in the days leading up to the Lachman fire, according to the report.Early on the morning of January 1, prosecutors say, Rinderknecht set what would become known as the Lachman Fire, as per the ABC7 report. After the Lachman Fire ignited, he even went on to call 911 to report the blaze, then fled the scene in his car but turned around when he saw fire engines approach, as per the report.When the firefighters fought the fire, Rinderknecht reportedly had returned to the trail to observe and record the fire on his phone, as per the ABC7 report.Essayli said that, "While the Lachman Fire burned, the defendant walked up the same trail from earlier that night to watch the fire and firefighters," and added that Rinderknecht recorded video of the scene using his iPhone, according to the report.ALSO READ: Is $1.5 million enough to retire? Here's how far it really gets you across all 50 statesPalisades Fire Leaves Long-Lasting Impact on Los AngelesThe acting US attorney revealed that, "Although firefighters suppressed the blaze, the fire continues to smolder and burn underground within the root structure of the dense vegetation," and added that, "It smoldered underground for about a week until on January 7, heavy winds caused this underground fire to surface and spread above ground, causing what became known as the Palisades Fire - one of the most destructives fires in Los Angeles City history," as quoted by ABC7 report.FAQsWho is Jonathan Rinderknecht?He's a 29-year-old former Pacific Palisades resident, accused of starting the fire that led to the Palisades Fire, as per the ABC7 report.What is Jonathan Rinderknecht being charged with?He’s charged with destruction of property by means of fire, as per the ABC7 report.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onJonathan Rinderknecht latest newsJonathan Rinderknechtpalisades firepalisades fire arrestjonathan rinderknecht los angelespalisades fire suspectpalisadespacific palisades firearrest in palisades firepacific palisades (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onJonathan Rinderknecht latest newsJonathan Rinderknechtpalisades firepalisades fire arrestjonathan rinderknecht los angelespalisades fire suspectpalisadespacific palisades firearrest in palisades firepacific palisades(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless Explore More Stories123