Kalshi fined a MrBeast editor for insider trading

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Ars covered the intrigue surrounding the spacecraft in late January, which was initiated by US Senator Ted Cruz, R-Texas, as part of the "One Big Beautiful Bill" legislation in the summer of 2025. The bill provided $700 million for NASA to develop the orbiter and specified funding had to be awarded "not later than fiscal year 2026," which ends September 30, 2026. This legislation was seemingly crafted by Cruz's office to favor a single contractor, Rocket Lab. However, multiple sources have told Ars it was poorly written and therefore the competition is more open than intended.

The firm said the job cuts should deliver annual savings of around £40m and did not specify when the job cuts would be implemented, but said most of the savings would be made this year.

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Welcome to your guide to Pips, the latest game in the New York Times catalogue.

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