Tag Archives: gears

Park Shin Hye reflects on ‘Dr. Slump’ finale, gears up for a new K-drama – allkpop

  1. Park Shin Hye reflects on ‘Dr. Slump’ finale, gears up for a new K-drama allkpop
  2. Doctor Slump actor Park Hyung Sik on the two Hollywood stars who inspired his knack for physical comedy, Park Shin Hye’s acting range, and what beauty means to him GQ India
  3. Park Hyung Sik and Park Shin Hye’s hilarious chemistry captured in a sweet sweet BTS video from ‘Doctor S The Times of India
  4. Park Hyung-Sik Has Some Advice For His ‘Doctor Slump’ Character Forbes
  5. Watch: Park Hyung Sik And Park Shin Hye Create A Heart-Fluttering Atmosphere On Set Of “Doctor Slump” soompi

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‘I’m training like crazy’: Chinese ‘Elon Musk’ gears up for Mark Zuckerberg fight – Yahoo! Voices

  1. ‘I’m training like crazy’: Chinese ‘Elon Musk’ gears up for Mark Zuckerberg fight Yahoo! Voices
  2. Musk and Zuckerberg cage match, Tucker Carlson’s attempted comeback: Big moves in tech MSNBC
  3. Denied! Khabib refuses to train Elon Musk for billionaire battle against Meta ‘extremist’ Mark Zuckerberg MMA Mania
  4. Musk vs Zuck cage fight: Elon Musk’s Chinese double is also training for a fight. Here’s why | WION WION
  5. Can Threads overtake X, formerly known as Twitter? Experts weigh in. WHIO
  6. View Full Coverage on Google News

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Diablo Boss Rod Fergusson Interview: On Diablo 4 and Leaving Gears of War Behind – Unlocked 597 – IGN

  1. Diablo Boss Rod Fergusson Interview: On Diablo 4 and Leaving Gears of War Behind – Unlocked 597 IGN
  2. Diablo 4 dev corrects day 1 patch statement, says the launch version will have ‘very few’ changes from the Server Slam build when it goes live PC Gamer
  3. Diablo 4 servers are ‘prepared’ for launch, only time will tell how it stacks up to D3 Destructoid
  4. Diablo 4 is a “re-emergence of the franchise,” says series boss Gamesradar
  5. The Diablo 4 community is printing t-shirts, baking cakes, and buying chicken on other continents in advance of the game’s launch PC Gamer
  6. View Full Coverage on Google News

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‘Superman: Legacy’ Audition Process Gears Up As James Gunn Dives Into The Search To Find The Next Clark Kent, Lois Lane And Lex Luthor – Deadline

  1. ‘Superman: Legacy’ Audition Process Gears Up As James Gunn Dives Into The Search To Find The Next Clark Kent, Lois Lane And Lex Luthor Deadline
  2. Searching for Superman: Inside the Quest to Cast DC’s New Top Hero (Exclusive) Hollywood Reporter
  3. SUPERMAN: LEGACY – David Corenswet Frontrunner For Clark Kent, Nic Hoult For Lex Luthor; Lois Lane Down To 4? CBM (Comic Book Movie)
  4. Superman: Legacy: David Corenswet, Nicholas Hoult Among Candidates Gizmodo
  5. REPORT: X-Men Star Nicholas Hoult May Join Superman: Legacy in a Major Role CBR – Comic Book Resources
  6. View Full Coverage on Google News

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Trump news today: Meta to reinstate his Facebook and Instagram as 2024 campaign gears up

Marjorie Taylor Greene positioning herself to be Trump’s VP pick for 2024

Donald Trump celebrated his return to Facebook and Instagram on Wednesday after parent company Meta announced that its decision to reinstate the former president’s accounts in the “coming weeks”.

In a statement on Truth Social – where he described himself as the “favorite president” despite failing to be elected to a second term – Mr Trump claimed that “such a thing should never again happen to a sitting President, or anybody else who is not deserving of retribution”.

Mr Trump was banned from Facebook and Instagram for two years in the wake of the Januayr 6 Capitol riot.

Nick Clegg, Meta’s president of global affairs, announced on Wednesday that he can return to the platforms but that there will be new guard rails put in place to “deter repeat offences”.

The decision has divided opinion, with Rep Adam Schiff condemning Facebook for “caving”.

“Trump incited an insurrection. And tried to stop the peaceful transfer of power. He’s shown no remorse. No contrition. Giving him back access to a social media platform to spread his lies and demagoguery is dangerous. @facebook caved, giving him a platform to do more harm,” he tweeted.

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‘Ridiculous joke’: Critics respond to Meta’s decision on Trump accounts

Predictably there was a wave of negative responses to the news that Meta was reinstating the former president after banning him two years ago.

Graig Graziosi reports on the reaction to the announcement.

Oliver O’Connell26 January 2023 13:00

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It’s OK for leaders to keep state secrets. Just not at home.

The highest US secrets, it now appears, are not necessarily safe with the highest officials. Not when they’re in the hands of Trump, who disdains the rules and customs of government, and not in the hands of Biden and Pence, who subscribe to them.

Namita Singh26 January 2023 12:35

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Cruz called out for wildly different reactions to Pence and Biden documents cases

Texas Senator Ted Cruz is being blasted for his two very different reactions to the discoveries of classified documents at the homes of President Joe Biden and former Vice President Mike Pence.

Gustaf Kilander reports on the senator’s apparent hypocrisy.

Namita Singh26 January 2023 11:55

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Trump mocks Meta in response to decision to reinstate him on Facebook

Donald Trump has reacted to the news of Meta’s decision to reinstate his Facebook and Instagram accounts by posting on Truth Social, his own platform set up following his ban from mainstream social media.

The former president wrote:

FACEBOOK, which has lost Billions of Dollars in value since “deplatforming” your favorite President, me, has just announced that they are reinstating my account. Such a thing should never again happen to a sitting President, or anybody else who is not deserving of retribution! THANK YOU TO TRUTH SOCIAL FOR DOING SUCH AN INCREDIBLE JOB. YOUR GROWTH IS OUTSTANDING, AND FUTURE UNLIMITED!!!

Mr Trump has 4.84 million followers on Truth Social, whereas he had an audience of approximately 34 million on Facebook and 23 million on Instagram.

Namita Singh26 January 2023 11:15

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Meta accused of giving Trump ‘platform to do more harm’

Congressman Adam Schiff, a member of the January 6 committee and a sharp critic of Donald Trump, accused the company of giving the former president a “platform to do more harm.”

“Trump incited an insurrection. And tried to stop the peaceful transfer of power,” the California Democrat wrote on Twitter yesterday.

“He’s shown no remorse. No contrition. Giving him back access to a social media platform to spread his lies and demagoguery is dangerous. Facebook caved.”

Namita Singh26 January 2023 10:35

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Read Meta’s statement in full

Facebook parent company Meta has announced that former President Donald Trump will be reinstated on Facebook and Instagram, ending a ban on his accounts following the January 6 riot at the US Capitol.

Nick Clegg, Meta’s president of global affairs, released a statement on the company’s website on Wednesday evening. Read his statement in full:

Namita Singh26 January 2023 09:55

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Woman pleads guilty to sending ricin to Trump

A Canadian woman pleaded guilty Wednesday to mailing a threatening letter containing the poison ricin to then-President Donald Trump at the White House.

The letter from Pascale Ferrier directing Trump to “give up and remove your application for this election,” was intercepted at a mail sorting facility in September 2020, before it could reach the White House.

Namita Singh26 January 2023 09:15

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DeSantis out-polls Trump as ex-president hosts ‘Libs of Tik Tok’ and Babylon Bee dinner

The Florida governor, who has not yet announced a 2024 campaign, was leading the former president in a straw poll of the North Carolina Faith and Freedom Coalition released yesterday.

The poll is one of the reliable bellwethers for tracking the support of white evangelicals active in Republican Party presidential primaries.

More in this report from my colleague John Bowden:

Namita Singh26 January 2023 08:35

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Trump pilloried as ‘4-year-old cheat’ over golf tournament claims

Sportswriter and author Rick Reilly has criticised Donald Trump as a “cheat” after the golf-loving former president claimed victory in a competitive tournament earlier this week – despite missing the first day.

He declared that it was “a great honour” to have won the tournament “[at] one of the best courses in the country”.

Namita Singh26 January 2023 08:13

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Meta’s move to reinstate Trump ‘a disaster’

Letting Donald Trump back on Facebook sends a signal to other figures with large online audiences that they may break the rules without lasting consequences, said Heidi Beirich, founder of the Global Project Against Hate and Extremism and a member of a group called the Real Facebook Oversight Board that has criticised the platform’s efforts.

“I am not surprised but it is a disaster,” Ms Beirich said of Meta’s decision. “Facebook created loopholes for Trump that he went right through. He incited an insurrection on Facebook. And now he’s back.”

NAACP president Derrick Johnson blasted the decision as “a prime example of putting profits above people’s safety” and a “grave mistake”.

Former US president Donald Trump greets people as he arrives for a New Years event at his Mar-a-Lago home on 31 December 2022 in Palm Beach, Florida

(Getty Images)

“It’s quite astonishing that one can spew hatred, fuel conspiracies, and incite a violent insurrection at our nation’s Capitol building, and Mark Zuckerberg still believes that is not enough to remove someone from his platforms,” he said.

Namita Singh26 January 2023 07:55



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Southwest Airlines Gears Up for a Normal Flight Schedule on Friday After Mass Cancellations

Southwest Airlines Co.

LUV 3.70%

executives said the airline is gearing up to resume its full flying schedule on Friday, removing limits on ticket sales and rebuilding crew schedules after an operational meltdown led it to cancel thousands of flights over the past week. 

Executives also pledged to continue work to update technology systems that company and labor officials have blamed for exacerbating Southwest’s troubles, leaving scheduling systems jammed and crews dispersed as the airline struggled to rebound from a winter storm.

“I can’t imagine that it doesn’t boost the focus in certain areas, maybe shift priorities based on what we learned,” Chief Executive

Bob Jordan

told reporters Thursday. “This has been an incredible disruption, and we can’t have this again.”

Southwest canceled nearly two-thirds of its flights Tuesday, Wednesday and Thursday, as part of an effort to dig out from a cascading meltdown after last week’s severe winter storm threw operations into disarray. While other airlines were able to recover from the brutal weather within a few days, Southwest continued to spiral.

Southwest has canceled nearly 16,000 flights in the past week, according to FlightAware. The airline scrubbed 39 flights scheduled for Friday that Chief Operating Officer

Andrew Watterson

said it was unable to staff, but executives said they believe they are ready for a smooth operation Friday.

Mr. Jordan told employees Thursday morning in a video message that shrinking Southwest’s operations had helped, with 95% of its flights on time on Wednesday. “Together we did what we needed to do to set ourselves up to operate our regular schedule tomorrow,” he said.

As it works to resume normal operations, Southwest faces heightened scrutiny from regulators and lawmakers, who have said they are closely monitoring the airline’s response to the crisis.

Transportation Secretary Pete Buttigieg on Thursday wrote to Mr. Jordan, describing the disruption as “unacceptable.” He reiterated his expectation that the airline will assist stranded passengers, honor commitments to cover passengers’ expenses, issue prompt refunds and ensure passengers are reunited with their bags. The airline has said it is providing those accommodations now.

Union leaders who represent Southwest pilots, flight attendants and other workers have faulted what they said was the airline’s lack of investment in technology over the years for many of its problems. Executives have acknowledged the need to upgrade inadequate platforms, such as the SkySolver system that it uses to redo crew schedules during disruptions and that was overwhelmed by the magnitude of the problems over the weekend.

Baggage Stuck in Southwest Airlines Cancellation Fiasco

Mr. Watterson said Thursday in a call with reporters that the upgrading process had already been under way. Southwest has made crew-scheduling its own department, hired more staff and made what he described as incremental improvements to current systems as it began to look for replacements. He said the “modest work” that had been done had started to pay off this fall, but that the winter storm created unique challenges.

While the airline has started to contemplate the broader questions of what it could have done differently, executives said their more immediate task this week has been to piece the airline back together—making sure that pilots and flight attendants are where they need to be, reuniting bags with their owners and ensuring that planes are tuned up and ready to go.

In an effort to make sure the airline is ready for Friday, Southwest added some flights for passengers on Thursday and ferried planes and crew to position them, Mr. Watterson said.

Ticket sales resumed, executives said, after the airline had limited bookings on remaining flights for much of this week, hoping to avoid a scenario where customers bought seats on flights that would ultimately be canceled. The airline also wanted to make sure seats would be available to take pilots and flight attendants where they had to be on Friday, Mr. Watterson said.

Southwest Airlines was ferrying planes and crew to make sure the company was ready for a full flying schedule.



Photo:

Matt York/Associated Press

To get to this point, Southwest sought volunteers to help work through a deluge of tasks to repair schedules for pilots and flight attendants.

At the height of the disruption, the airline’s crew schedulers had to revert to manually assigning pilots and flight attendants to flights when automated software couldn’t keep pace with the volume of changes. Even with the smaller schedule, the group was overwhelmed by the remaining workload, Mr. Watterson told employees this week.

Former crew schedulers working in other areas of the business stepped in to triage inbound phone calls, according to an internal memo Wednesday from

Lee Kinnebrew,

Southwest’s vice president of flight operations, and

Brendan Conlon,

vice president of crew scheduling. Other employee groups were being trained to support overwhelmed schedulers.

Mr. Watterson said the “volunteer army” has been trained on systems and could be called on to pitch in again if the airline begins to see signs that current technology is becoming overwhelmed, as it works on broader fixes. Airline executives said they are confident that existing technology systems can handle the airline’s normal operations while it works on a plan to update them.

Southwest’s ground-operations staff worked to scan thousands of missing bags to figure out where they had ended up. The airline set up new call centers to investigate lost items and update customers, Mr. Kinnebrew and Mr. Conlon wrote. The final step was to coordinate with FedEx Corp. and other delivery companies to truck bags between airports and reduce the strain on Southwest’s remaining flights this week, they wrote.

Running a smaller schedule introduced some new technical challenges, executives said. Planes can’t stay parked for long before they need to be put into short- or long-term storage, so the airline had to rotate through its fleet to ensure that aircraft weren’t sitting idle too long. Maintenance workers had to fan out to different locations to perform checks and regular work on planes that weren’t in their usual locations,

Kurt Kinder,

vice president of maintenance operations, wrote to employees Wednesday.

Southwest Airlines has canceled nearly 16,000 flights since Dec. 22, as customers have struggled to reach their destinations and find lost luggage. The airline said its reduced schedule would extend at least until Thursday. Photo: Albuquerque Journal/Zuma Press

Write to Alison Sider at alison.sider@wsj.com

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Tiny CAPSTONE moon probe gears up for lunar arrival on Nov. 13

A tiny NASA spacecraft’s 4.5-month journey to the moon is nearly over.

The CAPSTONE cubesat, which is about the size of a microwave oven, is scheduled to insert itself into orbit around the moon with an engine burn on Sunday (Nov. 13) at 6:48 p.m. EST (2348 GMT). But it’ll likely be a while before we know how that crucial maneuver went.

“The CAPSTONE team expects it will take at least five days to analyze data, perform two clean-up maneuvers and confirm successful insertion into the near rectilinear halo orbit,” NASA officials wrote in an update on Wednesday (opens in new tab) (Nov. 9).

Related: Why it takes NASA’s tiny CAPSTONE probe so long to reach the moon

CAPSTONE (short for “Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment”) lifted off atop a Rocket Lab Electron booster on June 28, embarking on a route that followed gravitational contours to the moon.

This path is very fuel-efficient but also circuitous, explaining why it’s taking the 55-pound (25 kilograms) probe so long to reach its destination.

CAPSTONE’s epic journey hasn’t been perfectly smooth. For example, the little probe went dark on July 4, shortly after separating from Rocket Lab’s Photon spacecraft bus. The CAPSTONE team — led by the Colorado-based company Advanced Space, which owns the probe and operates it for NASA — quickly diagnosed the issue as an improperly formatted command and re-established communications a day later.

Then, during a trajectory-correcting engine burn on Sept. 8, CAPSTONE experienced a glitch that sent the spacecraft tumbling and put it into a protective safe mode. That problem was more vexing, but the mission team fixed it, and CAPSTONE is now on track for lunar arrival.

“What this CAPSTONE team has overcome to date has been incredible, showing resilience while gaining valuable knowledge,” Advanced Space CEO Bradley Cheetham, who’s also the CAPSTONE principal investigator, said in the same statement. “Overcoming challenges is the purpose of a pathfinding mission — CAPSTONE is capitalizing on that objective.”

Capstone will verify the stability of a highly elliptical lunar orbit as a pathfinder for NASA’s Gateway space station. (Image credit: Illustration by NASA/Daniel Rutter)

As NASA’s update mentioned, CAPSTONE is headed for a near rectilinear halo orbit (NRHO) around the moon — a highly elliptical path that will also be occupied by Gateway, a small space station that NASA plans to build as part of its Artemis program.

This type of orbit is thought to be highly stable, but no spacecraft has yet tried one out at the moon. CAPSTONE will be the first, verifying the NRHO’s stability and other characteristics, if all goes according to plan.

The little probe will also perform some communication and navigation tests during its time in lunar orbit, which is expected to last at least six months. Some of those trials will be joint efforts with NASA’s Lunar Reconnaissance Orbiter, which has been circling the moon since 2009.

Mike Wall is the author of “Out There (opens in new tab)” (Grand Central Publishing, 2018; illustrated by Karl Tate), a book about the search for alien life. Follow him on Twitter @michaeldwall (opens in new tab). Follow us on Twitter @Spacedotcom (opens in new tab) or Facebook (opens in new tab)



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NASA gears up to deflect asteroid, in key test of planetary defense

A man sits at his workstation within the Mission Operations Center for the Double Asteroid Redirection Test (DART) spaceship, which is fast approaching its target.

Bet the dinosaurs wish they’d thought of this.

NASA on Monday will attempt a feat humanity has never before accomplished: deliberately smacking a spacecraft into an asteroid to slightly deflect its orbit, in a key test of our ability to stop cosmic objects from devastating life on Earth.

The Double Asteroid Redirection Test (DART) spaceship launched from California last November and is fast approaching its target, which it will strike at roughly 14,000 miles per hour (23,000 kph).

To be sure, neither the asteroid moonlet Dimorphos, nor the big brother it orbits, called Didymos, pose any threat as the pair loop the Sun, passing some seven million miles from Earth at nearest approach.

But the experiment is one NASA has deemed important to carry out before an actual need is discovered.

“This is an exciting time, not only for the agency, but in space history and in the history of humankind quite frankly,” Lindley Johnson, a planetary defense officer for NASA told reporters in a briefing Thursday.

If all goes to plan, impact between the car-sized spacecraft, and the 530-foot (160 meters, or two Statues of Liberty) asteroid should take place on September 26 at 7:14pm Eastern Time (2314 GMT), and can be followed on a NASA livestream.

By striking Dimorphos head on, NASA hopes to push it into a smaller orbit, shaving ten minutes off the time it takes to encircle Didymos, which is currently 11 hours and 55 minutes—a change that will be detected by ground telescopes in the days that follow.

The proof-of-concept experiment will make a reality what has before only been attempted in science fiction—notably films such as “Armageddon” and “Don’t Look Up.”

Graphic on NASA’s DART mission to crash a small spacecraft into a mini-asteroid to change its trajectory as a test for any potentially dangerous asteroids in the future.

Technically challenging

As the craft propels itself through space, flying autonomously for the mission’s final phase like a self-guided missile, its main camera system, called DRACO, will start to beam down the very first pictures of Dimorphos.

“It’s going to start off as a little point of light and then eventually it’s going to zoom and fill the whole entire field of view,” said Nancy Chabot of Johns Hopkins Applied Physics Laboratory (APL), which hosts mission control in a recent briefing.

“These images will continue until they don’t,” added the planetary scientist.

Minutes later, a toaster-sized satellite called LICIACube, which separated from DART a couple of weeks earlier, will make a close pass of the site to capture images of the collision and the ejecta—the pulverized rock thrown off by impact.

LICIACube’s picture will be sent back in the weeks and months that follow.

Also watching the event: an array of telescopes, both on Earth and in space—including the recently operational James Webb—which might be able to see a brightening cloud of dust.

Finally, a full picture of what the system looks like will be revealed when a European Space Agency mission four years down the line called Hera arrives to survey Dimorphos’s surface and measure its mass, which scientists can only guess at currently.

If DART succeeds, then it’s a first step towards a world capable of defending itself from a future existential threat, said planetary scientist Nancy Chabot.

Being prepared

Very few of the billions of asteroids and comets in our solar system are considered potentially hazardous to our planet, and none in the next hundred or so years.

But “I guarantee to you that if you wait long enough, there will be an object,” said Thomas Zurbuchen, NASA’s chief scientist.

We know that from the geological record—for example, the six-mile wide Chicxulub asteroid struck Earth 66 million years ago, plunging the world into a long winter that led to the mass extinction of the dinosaurs along with 75 percent of species.

An asteroid the size of Dimorphos, by contrast, would only cause a regional impact, such as devastating a city, albeit with a greater force than any nuclear bomb in history.

Scientists are also hoping to glean valuable new information that can inform them about the nature of asteroids more generally.

How much momentum DART imparts on Dimorphos will depend on whether the asteroid is solid rock, or more like a “rubbish pile” of boulders bound by mutual gravity, a property that’s not yet known.

We also don’t know its actual shape: whether it’s more like a dog bone or a donut, but NASA engineers are confident DART’s SmartNav guidance system will hit its target.

If it misses, NASA will have another shot in two years’ time, with the spaceship containing just enough fuel for another pass.

But if it succeeds, then it’s a first step towards a world capable of defending itself from a future existential threat, said Chabot.


NASA will crash a spacecraft into a 525-foot-wide asteroid in September. Here’s how to watch it


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State of Decay 3 Is Being Made in Unreal Engine 5 – and Gears of War Developers Are Assisting

News on State of Decay 3 has been about as rare as a pleasant day in a zombie apocalypse, but Xbox Game Studios head Matt Booty has just revealed that the upcoming game is being made in Unreal Engine 5 with the assistance of Gears of War developer The Coalition.

As reported by Wccftech, Booty appeared on Xbox’s Major Nelson podcast and shared some interesting behind-the-scenes details on the development of State of Decay 3.

“You mentioned [State of Decay 3 developer] Undead Labs, they’re working with The Coalition up in Vancouver, our Gears of War studio, using some of the technology around Unreal Engine 5 and some of the stuff that’s been in Gears of War before to bring that into State of Decay 3,” Booty said to Nelson.

“Last week before last, we spent all day at Undead Labs in Seattle, which was great, getting the update on State of Decay 3, which has really got some cool stuff, in addition to the fact that State of Decay 2 just continues to grow its user base,” Booty added. “It’s kind of this stealth thing that just keeps growing, and it was cool to get an update. I think we hit eleven million lifetime players on State of Decay 2 now, which is pretty cool. All of that, the things they are doing there, are really the testbed, the proving grounds, for all the stuff that’s going in State of Decay 3.”

Booty also discussed how he and the team handle learning from the teams about the progress of their games and how these studios share technology back and forth, and it all happens at various summits.

“We have a structure in place, we just call them summits, where we get subject matter experts together for one or two days,” Booty explained. “We’ve had animation summits, UI summits, Unreal Engine summits, physics summits, etc. I think we did in the last year close to 25 of these. That’s our main mechanism for teams to share technology back and forth.”

The Coalition is one of Microsoft’s studios on the front line of Unreal Engine 5, as it announced in 2021 that it was moving to UE5 for “multiple new projects.” Back in April 2022, The Coalition even showed off some Unreal Engine 5 experiments.

As for State of Decay 3, it was announced at an Xbox Games Showcase in 2020 and we only caught a quick cinematic glimpse of a lone woman in the wilderness and a wolf corpse being eaten by a zombie deer.

Have a tip for us? Want to discuss a possible story? Please send an email to newstips@ign.com.

Adam Bankhurst is a news writer for IGN. You can follow him on Twitter @AdamBankhurst and on Twitch.



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Peloton gears up to hike prices, lay off employees, and shutter stores

Peloton CEO Barry McCarthy had his job cut out for him when he took over the helm in February as the company laid off 2,800 employees. Now, roughly six months later, McCarthy has sent out a memo to staffers warning the company plans to eliminate an additional 784 jobs in a third round of layoffs, reports Bloomberg. Peloton will also increase the prices of the Bike Plus and Tread, while shuttering retail showrooms starting in 2023.

Peloton spokesperson Ben Boyd confirmed the news in a statement to The Verge, writing:

“Peloton, today, took several steps to further advance our transformation strategy, better positioning the company for long term success as the largest, global Connected Fitness company. The moves we made include, the implementation of more strategic pricing; the elimination of our North America final mile distribution network and expansion of our third-party logistics (3PL) partnerships; the reduction of our North America Member Support team; and the signal of our intent to significantly reduce our North America retail footprint. Unfortunately, these workforce shifts result in the departure of 784 employees from the company. Any decision we make that impacts team members is not taken lightly, but these moves enable Peloton to become more efficient, cost-effective, and agile as we continue to define and lead the global Connected Fitness category.”

The staffing reductions and plans to shutter retail showrooms are an extension of Peloton’s strict restructuring plans following a disastrous year. Last month, Peloton cut nearly 600 jobs in Taiwan as part of a move to reduce in-house manufacturing. In February, it also announced that it was putting an end to plans for a $400 million factory in Ohio. Meanwhile, McCarthy noted that although the company is cutting jobs on its delivery and customer support teams, it’s actively looking to fill roles on its software engineering team. McCarthy also cited plans to expand Peloton’s e-commerce presence as a reason why the company will reduce its retail footprint starting next year.

Today’s news was foreshadowed during Peloton’s Q3 earnings in May. At the time, McCarthy also floated ideas of exploring third-party retailer partnerships as well as eliminating the need for white-glove delivery for its bikes and treadmills.

The Peloton Tread was initially supposed to be the company’s more affordable treadmill. It’s now going to be $800 more expensive at $3,495.
Photo by Amelia Holowaty Krales / The Verge

Consumers will be most directly impacted by planned price hikes, however. To address excess inventory, Peloton lowered prices on the original Bike, Bike Plus, and Tread in April to $1,445, $1,995, and $2,695, respectively. Now, the Bike Plus will return to its original price of $2,495, while the Tread’s price will increase by $800 to $3,495. That’s higher than the Tread’s initial launch price of $2,495 (it was later increased to $2,845). The Tread was initially envisioned as the more “affordable” of Peloton’s two treadmills. However, the Tread Plus was then recalled and discontinued after causing several injuries and, in one instance, the death of a young child. The price of the original Bike and the recently launched Peloton Guide, however, will remain unchanged.

McCarthy acknowledged in the memo that the pricing hikes are an abrupt reversal in strategy. That’s because, according to McCarthy, the company has seen success in managing its inventory and supply chain woes. It’s also secured a $750 million bank loan, and the hikes are meant to boost the Bike Plus and Tread’s “premium” image.

The layoffs and price hikes are also part of ongoing efforts to restore Peloton’s cash flow. In a shareholder letter last quarter, McCarthy noted that Peloton’s woes had left it “thinly capitalized” for its needs and that the company needed to strengthen its balance sheet. “These changes are essential if Peloton is ever going to become cash flow positive,” McCarthy wrote in the memo. “Cash is oxygen. Oxygen is life. We simply must become self-sustaining on a cash flow basis.”

The Guide will remain the same price.
Photo by Victoria Song / The Verge

According to the memo, the money saved in today’s measures will go toward further research and development as well as marketing. That tracks with plans McCarthy proposed last quarter. At the time, for example, he revealed that Peloton had barely spent any money marketing its standalone app subscription. The company has since rectified that with an ad promoting the standalone app featuring actor Christopher Meloni exercising in the buff. Cheeky (literally) ads aside, McCarthy has been adamant about reframing Peloton as a connected fitness brand, as opposed to “that Bike company.” That’s thus far included proposed plans to tweak the company’s subscription model and build an app store. McCarthy’s also implemented a recent pilot program for leasing the company’s bikes.

McCarthy ended the memo bullish on Peloton’s prospects — though, in his first six months, investors haven’t seemed too convinced by Peloton’s restructuring plans. Peloton’s stock has nosedived roughly 90 percent over the past year. That said, investors seemed responsive to today’s news, with shares rising 8.2 percent. Later this month, Peloton is expected to release its Q4 earnings, which might paint a clearer picture as to how McCarthy’s restructuring strategies have fared.

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