Former Vice President Pence on Sunday praised President Trump for “not giving up on Ukraine,” even as Trump’s first-term vice president said he would have liked to see a ceasefire come out of the Friday Alaska summit with Russian President Vladimir Putin.
“I think he deserves credit as leader of the free world for not giving up on Ukraine, particularly, Jake, since there are many voices in and around the administration that would have cut Ukraine loose months ago. So, I want to commend the president for trying to make progress,” Pence told CNN’s Jake Tapper on “State of the Union.”
“I must tell you, I would have liked to have seen a ceasefire, but the truth is that no deal is better than a bad deal,” he continued.
Pence said special envoy Steve Witkoff’s assessment of the summit “is encouraging,” particularly “that there was at least an assent in Putin’s and Trump’s meeting to the United States providing security guarantees” without the U.S. sacrificing anything that would jeopardize national or European security.
“But, at the end of the day, it’s important to remember the bad guy here is Putin. Putin launched an unprovoked, brutal invasion more than three years ago. I have traveled to Ukraine twice. I have literally walked the streets, seen the aftermath of that brutal invasion. And now, more than ever, America and our allies need to stand strongly with Ukraine and create the conditions for a just and lasting peace,” Pence added.
Pence encouraged Trump to approach Putin with strength, saying, “In my judgment, Putin is not going to stop until he’s stopped.”
“I served alongside the president for four years. I know his style in dealing with these dictators. It’s the velvet glove, but I think the hammer needs to come, and it needs to come immediately,” he said.
Over the past few years, the market hasn’t been kind to somewhat speculative, unprofitable stocks. CRISPR Therapeutics(NASDAQ: CRSP), a mid-cap biotech, fits that description. The company’s shares are down by 24% since mid-2022. The S&P 500 is up 50% over the same period.
Despite this terrible performance, there are reasons to believe that CRISPR Therapeutics could still generate life-changing returns for investors willing to be patient. Here’s how the biotech could pull it off.
CRISPR Therapeutics‘ first approval was for Casgevy, a treatment for sickle cell disease (SCD) and transfusion-dependent beta-thalassemia (TDT), which it developed in collaboration with Vertex Pharmaceuticals. Before Casgevy, no CRISPR-based gene-editing medicine had been approved.
While it became the first, it still faces some challenges. Ex vivo gene-editing therapies require a complex manufacturing and administration process that can only be performed in authorized treatment centers (ATCs). Moreover, they’re expensive. Casgevy costs $2.2 million in the U.S. Getting third-party payers on board for that is no easy feat.
Image source: Getty Images.
Still, CRISPR Therapeutics and Vertex Pharmaceuticals are making steady progress. As of the second quarter, CRISPR Therapeutics had achieved its goal of activating 75 ATCs. It had also secured reimbursement for eligible patients in 10 countries. The two companies estimate there are roughly 60,000 eligible SCD and TDT patients in the regions they have targeted.
Let’s say they continue to strike reimbursement deals and can count on third-party coverage for 70% of this target population (42,000 people), then go on to treat another 30% of that group in the next decade (12,600 patients). Assuming they could extend that $2.2 million price tag to those countries, Casgevy could generate more than $27.7 billion over this period. Based on its agreement with Vertex, 40% would go to CRISPR Therapeutics, or roughly $11.1 billion over a decade. That’s not bad, but it’s not that impressive either.
So, while Casgevy could contribute meaningfully to CRISPR Therapeutics’ results — and may even reach blockbuster status at some point — the medicine may primarily serve as a proof of concept to demonstrate that the biotech’s approach can be effective.
Substantial progress with its first commercialized product will help the stock price. But the company’s performance will depend even more on future clinical and regulatory milestones, especially as it shows with Casgevy that it can manage the intricacies and complexities of marketing gene-editing medicines.
CRISPR Therapeutics has six candidates in clinical trials, which isn’t bad at all for a mid-cap biotech company. One of its leading programs is CTX310, a potential therapy designed to help reduce low-density lipoprotein (LDL) cholesterol in patients with certain conditions. CTX310 is already producing encouraging clinical trial results. Additionally, it’s an in vivo medicine, meaning it bypasses the need to harvest patients’ cells to manufacture therapies; in vivo gene-editing treatments are easier to handle than their ex vivo counterparts.
The company’s path to creating life-changing returns hinges on its ability to deliver consistent clinical and regulatory wins over the next few years for CTX310 and other important candidates. If CRISPR Therapeutics can successfully launch several new products in the next five to seven years, its shares are likely to skyrocket.
In the meantime, under this scenario, the company would succeed in making gene-editing medicines more mainstream. This would encourage third-party payers to get on board — and healthcare institutions, and perhaps even governments, to help push for more ATCs, since there’d be a greater need to accommodate these treatments.
Can CRISPR Therapeutics achieve this? In my view, the biotech stock is on the riskier side, but does carry significant upside potential. There’s a (small) chance the gene-editing specialist will deliver life-changing returns in the next decade, but investors need to hedge their bets. It’s best to start by initiating a small position in the stock, then progressively add more if CRISPR Therapeutics lands more wins.
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Terence Stamp, the English actor who played the arch-villain General Zod in Superman films, has died at the age of 87.
In a career that spanned six decades, the Oscar-nominated actor starred in films including The Adventures of Priscilla, Queen of the Desert, Far From the Madding Crowd and Valkyrie.
Stamp died on Sunday morning, his family said in a statement to Reuters news agency.
“He leaves behind an extraordinary body of work, both as an actor and a writer that will continue to touch people for years to come,” they said.
U.S. special envoy Steve Witkoff said on Sunday that Russia-Ukraine land swaps are the “fundamental issue” that will be discussed at the White House meeting with Ukrainian President Volodymyr Zelensky on Monday.
In an interview on CNN’s “State of the Union,” Witkoff said land swaps will be the key discussion point on Monday when Zelensky and European leaders join President Trump for their first in-person meeting after Trump met with Russian President Vladimir Putin in Alaska on Friday.
Witkoff, who was with Trump during the Putin meeting, said “robust security guarantees” were reached during the historic discussion but that the U.S. was serving as a “mediator” for Ukraine and could not make progress on issues like land swaps without first speaking to Ukrainians.
“The fundamental issue, which is some sort of land swap, which is obviously ultimately in the control of the Ukrainians, that could not have been discussed at this meeting. We intend to discuss it on Monday,” Witkoff said.
“Hopefully we have some clarity on it, and hopefully that ends up in a peace deal very, very soon,” he continued.
Witkoff sidestepped a direct question about the veracity of reporting suggesting Putin agreed to end the war if Ukraine ceded the entire Donbas region to Russia, including territory not currently held by Russia.
Witkoff said there are issues in all five major regions, adding he doesn’t “have the time now to go through” all of them, but that the U.S. sees those five regions as “the crux of the deal.”
“The Russians made some concessions at the table with regard to all five of those regions. There is an important discussion to be had with regard to Donetsk and what would happen there,” Witkoff said. “And that discussion is going to specifically be detailed on Monday, when President Zelensky arrives with his delegation and some of the other European leaders. And hopefully we can cut through and make some decisions right then and there on that.”
Total credit card debt in the US stands at $1.18 trillion this year, with 4.3% of debt in delinquency, according to the Federal Reserve Bank of New York. With these near record-high numbers, many Americans are feeling the pinch and want to find ways to dig themselves out. But should you allow your debt to disrupt your retirement plans?
Let’s look at the example of Gavin, a 40-year-old married man with two children. He bought a home in the Caribbean in 2019 with the goal of eventually making the house his retirement home.
The house is worth $400,000 now, with a $120,000 mortgage balance. Unfortunately, the mortgage loan has a variable interest rate, which is currently at 10.5% with no possible options for refinancing.
The home currently generates $700 per month in profit as a short-term rental, but makes less during off off-season and managing it is stressful. Worse, the neighborhood may soon prohibit short-term rentals in the area, so that would be the end of this revenue stream. Additionally, Gavin might also be on the hook for local property taxes and, as a foreign investor, other possible fees and taxes too.
On top of this, the buyer is a renter in the US where he currently lives and he has $50,000 in credit card debt. Does it make sense for him to sell the vacation property to pay off what he owes? He’s considering buying a home locally and using the rest of the money to invest, build up an emergency fund, or start a college fund for his kids.
Selling the vacation home in this particular case seems like an easy answer.
While it is currently generating a small profit, earning $8,400 per year on a $400,000 asset isn’t a great return, especially given the hassle of being the host and the substantial interest he is paying on his mortgage. But losing the short-term rental income would be a major downside.
Read more: Nervous about the stock market? Gain potential quarterly income through this $1B private real estate fund — even if you’re not a millionaire. Here’s how to get started with as little as $10
Aside from the poor ROI of the home, the interest on $50,000 in credit card debt that he currently has is an absolute financial killer, given that the average credit card interest rate is 21.16% as of May 2025. The $700 per month he is earning from his rental most likely is not even enough to cover the interest that his credit card debt accrues each month.
With a home worth $400,000, and assuming closing costs are around 4% (the average is 2% to 5%), this homeowner would still end up with about $384,000 after paying for the transaction fees from the sale of the home.
Now, since the home isn’t his primary home, it’s possible he could owe capital gains taxes if his profits exceeded $250,000 as a single person or $500,000 as a married joint filer. However, since Gavin is married and the home isn’t netting in excess of $500,000, he’d likely be spared this tax. He may also need to pay additional sales taxes to the government of his host country. If he doesn’t, he could pay off the $120,000 still remaining on the mortgage he owes, as well as his $50,000 in credit card debt and still walk away with around $214,000.
That would be a good start to make a down payment on a home in the US for his family (in which he can retire), or to start investing for his future. He could save for his two kids to go to college, start an emergency fund and best of all, free up a lot of income by eliminating his credit card debt and the interest he would be paying on that into the future.
In fact, if he uses the money wisely, he could not only set himself up for financial stability, but he could also choose to save to buy another retirement home down the road, when it makes more financial sense.
While Gavin’s circumstances make a strong case for selling the home, it’s worth looking at whether there are any downsides to doing so, beyond losing the $700 in rental income.
Since the home he owns doesn’t have a great mortgage, isn’t generating a big profit and there’s no reason to believe it is a one-of-a-kind home, there’s very little downside in cashing out now and using the proceeds to create some more financial stability.
The only real risk would be that real estate values skyrocket in his chosen Caribbean retirement destination. This would either price him out of buying his dream retirement home later on or prevent him from earning more on the possible future sale of his vacation home. However, it’s unlikely the ROI on Caribbean real estate would exceed the returns he’d get by investing in the stock market in the states or that the increase in the value would be worth paying the interest on the credit card debt and the mortgage combined. There are likely wiser ways to make that money work. So, if he’s investing wisely over time, he should likely be able to buy a comparable home as a retiree if he wants to.
He could also end up changing his retirement plans if he decides he’d rather stay in the US and be close to his potential grandchildren — and if that happens, it would have been a poor investment to pay for a house that’s costly to keep only to end up not retiring there anyway. Selling now with the chance to rebuy later seems like a much better bet.
In fact, all signs point to the fact that selling the home seems like the best move in this situation and it could be the start of a much more financially secure — and less stressful — future.
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Simply, the goal was chalked off because a Palace player was standing too close to the Chelsea wall.
Referee Darren England made an announcement to the crowd to explain the decision.
He said: “After review, away number six is less than one metre away from the wall as the shot is taken. Therefore, it’s an indirect free-kick and a disallowed goal.”
The International Football Association Board’s Law 13 states that when three or more defending team players form a wall, all attacking players must remain at least one metre from the wall until the ball is in play.
This rule was introduced to the laws of the game in 2019-20.
The explanation at the time was that “attackers standing very close to, or in, the defensive ‘wall’ at a free-kick often cause management problems and waste time”.
It continued: “There is no legitimate tactical justification for attackers to be in the ‘wall’ and their presence often damages the image of the game.”
(NEXSTAR) — It’s nearly fall, which means it’s nearly time for the majority of the U.S. to switch their clocks back an hour as daylight saving time comes to an end. You’ll gain an hour of sleep for one day only, November 2, but will otherwise see the sun set earlier for several weeks.
The approaching biannual change also prompts invigorated conversations about “locking the clocks” and putting the nation on a permanent, year-round time.
There are arguments for both sides of the clock, largely focused on whether the “extra” hour of daylight should occur in the morning or at night.
The value — or drawback — of either can vary depending on where you live.
Arizona, for example, is one of two states that observe year-round standard time, an option afforded them by Congress. By not jumping ahead an hour in spring, most of the state (the Navajo Nation does not follow permanent standard time) sees an earlier sunset that can offer quicker reprieve from hot summer days.
In Phoenix, where temperatures have been in the 100s and 110s this month, the sun has been setting well before 7:30 p.m. local time. Meanwhile, in Las Vegas, where temperatures have been about the same, the sun has been setting closer to 8 p.m. local time.
With earlier sunsets in Arizona, residents are able to get out and run errands in the cool mornings versus the hotter afternoons and evenings.
In states that have colder winters than Arizona and Nevada, however, the extra hour of sunlight later on in the day during summer can be welcoming. In Wisconsin, for example, the sun would set well before 8 p.m. — and sometimes before 7 p.m. — if the state observed year-round standard time like Arizona. That would mean fewer post-work hours to enjoy the short-lived summer temperatures.
The table below shows what sunrise and sunset times would look like if we observed permanent standard time in the summer.
City
Earliest sunrise/latest sunset in summer
Earliest sunrise/latest sunset on permanent ST
Austin
6:29 a.m./8:37 p.m.
5:29 a.m./7:37 p.m.
Charlotte, NC
6:08 a.m./8:42 p.m.
5:08 a.m./7:42 p.m.
Chicago
5:15 a.m./8:30 p.m.
4:15 a.m./7:30 p.m.
Cleveland, OH
5:52 a.m./9:04 p.m.
4:52 a.m./8:04 p.m.
Denver
5:31 a.m./8:32 p.m.
4:31 a.m./7:32 p.m.
Grand Rapids
6:03 a.m./9:26 p.m.
5:03 a.m./8:26 p.m.
Green Bay
5:07 a.m./8:41 p.m.
4:07 a.m./7:41 p.m.
Indianapolis
6:16 a.m./9:17 p.m.
5:16 a.m./8:17 p.m.
Juneau, Alaska
4:20 a.m./11:43 p.m.
3:20 a.m./10:43 p.m.
Las Vegas
5:23 a.m./8:02 p.m.
4:23 a.m./7:02 p.m.
Los Angeles
5:41 a.m./8:08 p.m.
4:41 a.m./7:08 p.m.
Nashville
5:29 a.m./8:08 p.m.
4:29 a.m./7:08 p.m.
New Haven
5:18 a.m./8:29 p.m.
4:18 a.m./7:29 p.m.
New Orleans
5:59 a.m./8:05 p.m.
4:59 a.m./7:05 p.m.
New York City
5:24 a.m./8:31 p.m.
4:24 a.m./7:31 p.m.
Portland, Oregon
5:21 a.m./9:04 p.m.
4:21 a.m./8:04 p.m.
Salt Lake City
5:56 a.m./9:03 p.m.
4:56 a.m./8:03 p.m.
St. Louis
5:36 a.m./8:29 p.m.
4:36 a.m./7:29 p.m.
Tampa
6:33 a.m./8:30 p.m.
5:33 a.m./7:30 p.m.
District of Columbia
5:42 a.m./8:38 p.m.
4:42 a.m./7:38 p.m.
All times local
A state like Wisconsin may not necessarily be a fan of year-round daylight saving time, either.
For most of us, winters currently feature earlier sunrises and sunsets. Permanent daylight saving time would mean later sunrises and sunsets.
That might be enjoyable if you dislike the sun setting before 5 p.m. But for some parts of the country, like Wisconsin, sunrises would come after 8 a.m. In neighboring Michigan, the sun wouldn’t rise until after 9 a.m. on some days.
You can see how some of those winter sunrise and sunset times would look with and without permanent daylight saving time in the table below.
City
Latest sunrise/earliest sunset when DST ends
Latest sunrise/earliest sunset with permanent DST
Austin
7:28 a.m./5:30 p.m.
8:28 a.m./6:30 p.m.
Charlotte, NC
7:32 a.m./5:11 p.m.
8:32 a.m./6:11 p.m.
Chicago
7:18 a.m./4:19 p.m.
8:18 a.m./5:19 p.m.
Cleveland, OH
7:53 a.m./4:57 p.m.
8:53 a.m./5:57 p.m.
Denver
7:21 a.m./4:35 p.m.
8:21 a.m./5:35 p.m.
Grand Rapids
8:14 a.m./5:08 p.m.
9:14 a.m./6:08 p.m.
Green Bay
7:29 a.m./4:12 p.m.
8:29 a.m./5:12 p.m.
Indianapolis
8:06 a.m./5:20 p.m.
9:06 a.m./6:20 p.m.
Juneau, AK
10:16 a.m./3:40 p.m.
11:16 a.m./4:40 p.m.
Las Vegas
6:52 a.m./4:26 p.m.
7:52 a.m./5:26 p.m.
Los Angeles
6:59 a.m./4:43 p.m.
7:59 a.m./5:43 p.m.
Nashville
6:58 a.m./4:32 p.m.
7:58 a.m./5:32 p.m.
New Haven
7:18 a.m./4:22 p.m.
8:18 a.m./5:22 p.m.
New Orleans
6:57 a.m./5:00 p.m.
7:57 a.m./6:00 p.m.
New York City
7:20 a.m./4:28 p.m.
8:20 a.m./5:28 p.m.
Portland, OR
7:51 a.m./4:27 p.m.
8:51 a.m./5:27 p.m.
Salt Lake City
7:52 a.m./5:00 p.m.
8:52 a.m./6:00 p.m.
St. Louis
7:19 a.m./4:39 p.m.
8:19 a.m./5:39 p.m.
Tampa
7:22 a.m./5:34 p.m.
8:22 a.m./6:34 p.m.
District of Columbia
7:27 a.m./4:46 p.m.
8:27 a.m./5:46 p.m.
All local times
Those dark mornings, which prompted concerns about traffic accidents and the safety of children trying to board buses or walk to school, contributed to Americans souring on permanent daylight saving time in the 1970s. Health experts also largely agree that having more sunlight in the morning is better for our health than having later sunsets.
Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe.
The Producer Price Index (PPI) for July surged to a three-year high, with services inflation playing a key role in the gains. A similar trend appeared in the latest Consumer Price Index (CPI) report earlier this week as firming prices in services like dental care and airline fares marked a surprise reversal from the prior softening that had been offsetting higher goods prices from tariffs.
The fresh data now puts the Federal Reserve, which targets 2% inflation, in a precarious position as tensions between its dual mandate of price stability and maximum employment begin to surface.
Massive downward revisions in July’s jobs report last week fueled concerns that the labor market is softening too quickly, strengthening the case for rate cuts. But the hotter-than-anticipated inflation data could suggest the need for more restraint.
As of Friday afternoon, markets continued to price in about an 85% probability that the central bank will cut rates in September, according to the latest CME FedWatch Tool. Federal Reserve Chair Jerome Powell’s Jackson Hole speech next week could give hints on the Fed’s next policy move.
Some economists argue the Fed should hold off on rate cuts — or even consider raising rates.
“These are broad-based inflationary pressures,” Lauren Saidel-Baker, economist at ITR Economics, told Yahoo Finance following this week’s hotter-than-expected PPI print. “I see more reason for rates to be rising in order to not let inflation get away from us.”
Saidel-Baker noted these pressures have been building for years and aren’t solely the result of tariffs. She pointed to higher wages and rising energy costs as key drivers now feeding into the data. She also stressed that the full impact of tariffs will take time to emerge.
“Inflation is the risk that’s on our doorstep, much more so than the labor market,” Saidel-Baker emphasized. “Fed officials know that.”
Chicago Fed president Austan Goolsbee cautioned Wednesday that a continued rise in services prices, similar to what was seen in this week’s CPI report, would be worrisome
“Services are not tied to the tariffs,” he said. “Everyone is hoping that’s just a blip. There’s noise in the data. If you start to get multiple months where the components suggest that the impact of tariff inflation is not staying in its lane, that would be more of a concern.”
At the same time, the latest numbers painted a mixed picture.
Michael Gapen, chief US economist at Morgan Stanley, told Yahoo Finance earlier this week that the July CPI report offered “some good news and some bad news.”
“The good news here is that tariff impulse into inflation wasn’t as high as anticipated this month,” he said. “The bad news is that services inflation was pretty soft in prior months. And it did give the impression to many that, hey, maybe we could ignore tariff inflation because services weakness will offset it. But now, I think a lot of that’s reversed.”
“I’m not ready to say, ‘Oh, services is about ready to roar higher,” he added, “[but] if it’s firming, we do have to watch out.”
Gapen is still calling for no rate cuts this year, despite the market’s near certainty that at least one is coming.
“There’s enough inflation momentum here that suggests inflation will continue to deviate from the Fed’s mandate,” he said. “Immigration controls are likely to keep the unemployment rate low. And that means a tight labor market.”
Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting on July 30 in Washington, D.C. (AP Photo/Manuel Balce Ceneta) ·ASSOCIATED PRESS
Despite the recent downward revisions, the labor market has remained relatively strong, supporting consumers as spending patterns hold up.
Still, cracks are emerging as payroll growth slows, job openings decline, and continuing claims, or the number of Americans receiving ongoing unemployment benefits, edge higher.
Chris Watling, global economist and chief market strategist at Longview Economics, argued that while inflation might firm up over the next few months, the bigger story is the risk of a slowing economy.
“The more important factor here is the employment and growth mandate [which] is why the market’s focus is shifting,” he said. “The manufacturing sector has had no growth in three years. Housing is deteriorating. I think this is a really clear slowdown in this economy. And I’m amazed the Fed isn’t getting on with it.”
Watling said he believes the Fed should begin easing in September and continue cutting through the end of the year, arguing that the slowdown in underlying growth will outweigh any near-term uptick in inflation.
Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.
Ronnie Rondell’s career spanned more than 50 years and included dozens of TV and film credits
Ronnie Rondell Jr – who was famously set alight for the front cover of Pink Floyd’s iconic Wish You Were Here album cover – has died at the age of 88.
The Hollywood stuntman and actor died on 12 August at a care home in the US state of Missouri, according to an online obituary.
Rondell was involved in the production of a number of films and TV shows during his long career, including Lethal Weapon, Thelma and Louise and Star Trek: First Contact.
He is survived by his wife Mary and his son, who is also called Ronald.
Rondell was born in California in 1937 and got his first acting role as a teenager in the early 1950s in the film Ma and Pa Kettle at the Fair.
His first role as a stuntman was for the TV series Soldiers of Fortune, which ran from 1955 to 1957.
Between the 1960s and 1990s he worked on several US TV series, including Charlie’s Angels, Dynasty and Baywatch, as well as movies such as Spartacus, Diamonds are Forever and The Karate Kid.
One of his best-known stunts was leaping from a pole that was on fire as it toppled over – a feat he performed for the 1963 adventure film Kings of the Sun.
He was also involved in fighting scenes in the 1965 film Shenandoah, which was set during the US Civil War, a bar brawl in the 1974 Western comedy Blazing Saddles and impressive fire scenes in The Towering Inferno, which was released the same year.
Later in his career, he worked as a stunt co-ordinator for films including Batman and Robin, and The Mighty Ducks.
Rahman Hassani/SOPA Images/LightRocket via Getty Images
Rondell Jr suffered minor burns during the photo shoot for the front cover of Pink Floyd’s 1975 album Wish You Were Here
While many might not recognise Rondell’s name, they will have likely seen him set alight for the cover of Pink Floyd’s 1975 album Wish You Were Here while shaking hands with fellow stuntman Danny Rogers.
During the shoot, the wind changed direction and blew the fire into his face, causing him to lose an eyebrow and part of his signature moustache.
Rondell started his own stunts company, Stunts Unlimited, in California in 1970.
He retired in 2001, but earned his final stunt credit for The Matrix Reloaded in 2003 – taking part in a complex car chase scene.
Rondell was given a lifetime achievement honour at the Taurus World Stunt Awards in 2004.
He was not the only performer in the family. His father, Ronald R Rondell, was an actor and assistant director – known for his work on films including the 1956 adaptation of the Jules Verne novel Around the World in 80 Days.
Both of Rondell’s sons have also worked in the industry, one of whom, Reid, died while performing a helicopter stunt for the TV series Airwolf in 1985.
Air Canada will resume flights on Sunday after the northern neighbor’s government intervened to end the workers’ strike that halted hundreds of flights this weekend.
The airline said in a statement that the Canadian Industrial Relations Board (CIRB) directed Air Canada to resume airline operations and ordered all Air Canada and Air Canada Rouge flight attendants to return to work by 2 p.m. EDT on Sunday.
The CIRB was acting on a Saturday directive from the Canadian Minister of Jobs and Families, Patty Hajdu, who moved to end the strike and require final binding arbitration to break a contract impasse. The order extended the current contract until a new agreement is reached.
Approximately 10,000 flight attendants walked off the job on Saturday, for the first time since 1985, as progress toward a new contract stalled after several months of negotiations.
The move stranded more than 100,000 travelers around the world and resulted in the suspension of approximately 700 daily flights. The airline began canceling flights on Friday, in anticipation of the strike.
The airline said in a statement that it will resume flights on Sunday evening but that it expects further flight cancellations over the next seven to 10 days “until the schedule is stabilized.”