Kvaratskhelia's family home in Tbilisi, where he grew up, does not announce that a global football star was raised there. It is one of those anonymous Soviet-era apartment blocks that populate so many parts of the city: concrete, weathered, functional rather than beautiful, surrounded by identical neighbours and the everyday sounds of a working-class district. Inside that building I met his father...
Kvaratskhelia's family home in Tbilisi, where he grew up, does not announce that a global football star was raised there. It is one of those anonymous Soviet-era apartment blocks that populate so many parts of the city: concrete, weathered, functional rather than beautiful, surrounded by identical neighbours and the everyday sounds of a working-class district. Inside that building I met his father, Badri - a former Dinamo Tbilisi player and Azerbaijan international - and his mother, Maka, when their son was starring with Napoli. It was a warm, welcoming home. Humble, not full of luxuries, but filled with memories. Everywhere you looked there were small mementos of his journey - photographs, trophies, shirts. Among them the first shirt he ever wore for Dinamo Tbilisi. "Because this is where Khvicha's professional career started. It has to be the Dinamo one," Maka said. "His path to the top started here." Kvaratskhelia still uses his small bedroom whenever he returns. In one corner there is a computer table, a keyboard, large headphones and the kind of chair used by gamers. That little world is where he disappears for hours whenever he comes home. Born on 12 February 2001, from an early age football was inseparable from his life. As his mother recalls, he walked with the ball, slept with the ball. Football was everything, which is not to say that it was an easy path. As a graduate of the Dinamo Tbilisi academy, he made his professional debut at 16 in 2017 before moving to Rustavi and then on loan to Lokomotiv Moscow where he would receive his first significant salary, money which allowed him to pay for life-saving heart surgery for his father. "It wasn't even a question to him," said Badri. On 22 May 2019, the 18-year-old would win his first major honour when Lokomotiv Moscow won the Russian Cup. A move to Rubin Kazan where he would spend three seasons - and twice win the best young player in the Russian League - followed. Russia's invasion of Ukraine brought an end t...
A unit of Adani Group raised about $500 million through a bond privately placed with funds managed by Apollo Global Management Inc. , according to people familiar with the matter, highlighting the Indian conglomerate’s ongoing effort to tap funding outside the public dollar bond market. A firm controlled by Gautam Adani -led Adani Energy Solutions Ltd. sold the 15-year private bonds with a rupee-e...
A unit of Adani Group raised about $500 million through a bond privately placed with funds managed by Apollo Global Management Inc. , according to people familiar with the matter, highlighting the Indian conglomerate’s ongoing effort to tap funding outside the public dollar bond market. A firm controlled by Gautam Adani -led Adani Energy Solutions Ltd. sold the 15-year private bonds with a rupee-equivalent all-inclusive cost of about 8.5%, and the company plans to use the proceeds to refinance existing dollar debt, said the people, who asked not to be identified because the information is private. The financing underscores the financing shift for Adani, historically one of the largest Indian issuers, as it borrows to fund ambitious capital spending plans while facing elevated borrowing costs in the public dollar bond market and the overhang of advancing legal risks from the US. The group has previously said it plans to rely more heavily on the domestic market and is increasingly tapping Japanese lenders. Indian issuers broadly have slowed dollar bond sales as a depreciating rupee has made such issuances more costly. The group plans to avoid public dollars bonds until prices recover and pending US matters are resolved, said the people. Apollo confirmed the deal in response to a Bloomberg query. “India represents a compelling infrastructure market globally with strong economic growth and long-term demand for reliable power generation,” said Apollo Partner Jamshid Ehsani in a statement. It is working with Adani Energy “to provide flexible, long-term capital that supports the resilience and growth of its platform,” he said. A spokesperson for Adani Group did not immediately reply to an emailed request for comment. The conglomerate tapped Apollo in June when the group’s airport unit, Mumbai International Airport Ltd. , raised around $750 million from a group of global investors. Prior to that, a group of investors including BlackRock Inc. bought bonds to fund Adani’s pur...
roobcio/iStock via Getty Images Article Thesis I wrote about Aquestive Therapeutics, Inc. ( AQST ) at the beginning of May last year, and I saw it as a “Buy” with the stock around $3. My thesis is underpinned by Anaphylm , their epinephrine-based sublingual film, which was in an advanced FDA approval phase. Epinephrine is the first-line treatment to stop a potentially life-threatening allergic rea...
roobcio/iStock via Getty Images Article Thesis I wrote about Aquestive Therapeutics, Inc. ( AQST ) at the beginning of May last year, and I saw it as a “Buy” with the stock around $3. My thesis is underpinned by Anaphylm , their epinephrine-based sublingual film, which was in an advanced FDA approval phase. Epinephrine is the first-line treatment to stop a potentially life-threatening allergic reaction, and Anaphylm’s perceived advantage is especially its ease of transport, for example, on the back of a mobile phone. However, my position size was small, about 0.25x of a normal position. I have about 10 small companies from the biotech industry in my portfolio (through stocks or options), and for a one-product company, especially with a product that is not approved yet, I usually start with ~0.25x, due to the extreme risk profile. The stock even exceeded $7 in October on its way to FDA approval, but in January it was hit very hard by the news that the FDA found deficiencies in their application. In the meantime, they received a CRL (Complete Response Letter) from the FDA, and the market felt a little relieved because the issues were not related to efficacy or safety concerns but rather to packaging and labeling. It’s interesting, however, that the price is still way below the high from October. With their latest earnings just released, a reassessment of business, fair value, and my position is in order. Business Developments The FDA pointed to 5 issues on their CRL: Difficulty opening the Anaphylm primary pouch Potential for tearing the film while opening the pouch Misplacement of the film on top of the tongue Premature removal of film Improvements to “Instructions for Use” and other labeling. The company believes that they have a pathway for addressing the first three issues by modifying the pouch and adding a picture with the film placement: Figure 1: Anaphylm Pouch (Investor Presentation) For the other two items, besides clear “Do not remove Anaphylm” language in ...
The first sign that something was wrong was a static noise that emerged suddenly in my left ear. It was 2008 and a doctor had just syringed my ears, washing out the antibiotic drops she had prescribed a week earlier, and which had rendered my world temporarily muffled. I was so relieved the drops were out that I didn’t question the strange new noise. I simply thanked her and left. As I lay on my p...
The first sign that something was wrong was a static noise that emerged suddenly in my left ear. It was 2008 and a doctor had just syringed my ears, washing out the antibiotic drops she had prescribed a week earlier, and which had rendered my world temporarily muffled. I was so relieved the drops were out that I didn’t question the strange new noise. I simply thanked her and left. As I lay on my pillow that night, trying to ignore the new whooshing sound in my ear, a puzzling crunching noise caught my attention. My brain tried to unscramble the disturbance until, confused and now wide awake, I lifted my head up, only to realise it was our grandfather clock, chiming away the hour. My left ear, I realised, was no longer hearing sounds as they really were. After a few days with no improvement, I returned to the doctor. When I mentioned the constant white noise and hearing problems in my left ear, her eyes widened in alarm and she quickly referred me to an ear, nose and throat (ENT) specialist. I was studying music at the Victorian College of the Arts in Melbourne and had to endure an agonising six-week wait to see the specialist. During that time, my world changed drastically. My saxophone, once a source of great joy, became an unbearable cacophony; my ears tensed up whenever I played. Until that point, all my life’s dreams revolved around music. My goal had been to study saxophone in New York, immersing myself in the city’s rich music scene. I had fantasies of making a life for myself in the Big Apple as a professional musician, but with my left ear rendered mostly deaf and my right ear extremely sensitive from overcompensating, music became intolerable. Friends looked on in confusion as I cried in music venue bathrooms, unable to bear the sound of the band or even the joyful chatter of patrons celebrating the weekend. When I finally saw the ENT specialist, he struck a tuning fork, placed it on my forehead, and diagnosed me with degenerative hearing loss. He told me I...
Dozens Of Oil Tankers Divert To Red Sea As Saudis Reroute Crude Flows From Hormuz Chokepoint Despite continued disruption at the Strait of Hormuz chokepoint, maritime traffic has not fully collapsed. More ships transiting the Strait with transponders turned off https://t.co/PpEsenCVCE — zerohedge (@zerohedge) March 10, 2026 On Tuesday afternoon, reports that a U.S. warship had escorted an oil tank...
Dozens Of Oil Tankers Divert To Red Sea As Saudis Reroute Crude Flows From Hormuz Chokepoint Despite continued disruption at the Strait of Hormuz chokepoint, maritime traffic has not fully collapsed. More ships transiting the Strait with transponders turned off https://t.co/PpEsenCVCE — zerohedge (@zerohedge) March 10, 2026 On Tuesday afternoon, reports that a U.S. warship had escorted an oil tanker through the critical chokepoint helped push Brent crude futures down toward $81/bbl, reinforcing the view that paralysis on the waterway has, for now, begun to ease . But even with signs that the critical maritime chokepoint is seeing a modest pickup in activity, this does not imply that normalcy will return this week. In fact, Bloomberg cites ship-tracking data showing uncertainty remains high, with at least 25 tankers diverted toward Saudi Arabia's Red Sea export hub at Yanbu . Saudi Aramco is maxing out its east-west pipeline to Yanbu, which can carry 7 million barrels per day. CEO Amin Nasser said flows should reach capacity within days as tankers divert to the energy export hub in the Red Sea. The UAE is implementing a similar workaround in Fujairah, where exports have jumped to about 1.6 million bpd this month from a recent average of about 1.1 million bpd. "We should reach capacity in a couple of days," Nasser said. "It's all building on the repositioning of tankers from the east to the west." Bloomberg notes the conflict has already knocked about 6% off global oil output as traditional Hormuz transits remain disrupted. Earlier, Ali Larijani, the secretary of Iran's Supreme National Security Council, warned that the Hormuz chokepoint will "either be a strait of peace and prosperity for all" or a "strait of defeat and suffering for warmongers" as President Trump threatens retaliation against Tehran for disrupting the flow of oil. Tyler Durden Wed, 03/11/2026 - 02:45
Senior winners' advisor Andy Carter called the win "life-changing". "Anyone who bought a ticket should take a moment to check it carefully - you could be the winner we're looking for," he said.
Senior winners' advisor Andy Carter called the win "life-changing". "Anyone who bought a ticket should take a moment to check it carefully - you could be the winner we're looking for," he said.