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OpenAI files confidential SEC paperwork for Wall Street debut

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OpenAI files confidential SEC paperwork for Wall Street debut

ChatGPT maker OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.

The San Francisco-based company said Monday it has filed confidential paperwork with the U.S. Securities and Exchange Commission.

“We expect it to leak so we’re just announcing it,” the company said in a statement. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”

OpenAI’s move follows its rival Anthropic’s June 1 disclosure that it is also moving toward an initial public offering of shares. Both are now following Elon Musk’s rocket company SpaceX, which has started an IPO roadshow pitching itself as an AI-focused space company.

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OpenAI CEO Sam Altman first publicly floated the possibility of an IPO last fall, describing it as the “most likely path” for the company given its size and the need for vast amounts of capital to advance its technology.

OpenAI began in 2015 as a nonprofit dedicated to developing AI for the common good and is now a company valued at $852 billion.

The filing comes at a “precarious moment” for OpenAI as it appears to be losing ChatGPT’s strong early leads with consumers and businesses to Google and Anthropic, said Emarketer analyst Nate Elliott.

“But OpenAI doesn’t have a lot of other places to look for the enormous capital required to support its costs,” Elliott said.

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Paving the way for going public was OpenAI’s decision last year to reorganize its business structure and convert itself into a public benefit corporation even as it remains technically under the control of a nonprofit.

OpenAI cleared another obstacle last month with its victory against Musk in a federal jury trial. Musk, an OpenAI co-founder and early donor, had sued the company seeking to oust Altman from its leadership and unravel its conversion to a for-profit business. A judge dismissed the case after the jury found Musk filed his lawsuit too late.

OpenAI has not yet publicly disclosed how much money it is making or when it plans to turn a profit. Much like Anthropic and SpaceX, the company has been losing more money than it makes because of the huge costs of building out the venture. OpenAI faces fierce competition from Anthropic, maker of the increasingly popular chatbot Claude, and Google’s AI assistant Gemini.

In an April interview, OpenAI’s chief financial officer Sarah Friar declined to give a timeline for a potential IPO but said the company was already “acting with the good hygiene of a public company,” such as by measuring its revenue in the way a publicly traded firm would have to report earnings to the SEC.

“I want us to be ready,” she told The Associated Press. “I think it’s good to be able to tap the public markets. They’re much bigger than the private markets.”

She said OpenAI’s current valuation would make it one of the 15 biggest companies in the S&P 500.

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She also said there is a “credentializing moment of being a public company.”

“At that point, people are checking your balance sheet, the SEC is governing you and so on,” she said.

In a separate statement Monday published around the same time as the announcement of the confidential filing, Altman outlined a broad vision for OpenAI including three big goals: building an automated AI researcher, accelerating economic growth and giving “everyone on Earth a personal AGI,” which stands for artificial general intelligence or a form of AI that surpasses humans at many tasks.

Altman said OpenAI started out in AI research and moved into commercial product development but is now moving into its third phase involving a “broad distribution of power” as the economy reshapes around AI technology.

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He said OpenAI is “working to ensure the gains are widely shared. Everyone should have an opportunity for a meaningful share in the prosperity AI creates.”

The remarks follow Altman’s visit last week with Sen. Bernie Sanders, who is pushing a plan for the public to take a 50% ownership stake in AI companies such as OpenAI, as well as comments from President Donald Trump embracing giving the public a stake in AI’s growth.

___

AP Technology Writer Kaitlyn Huamani contributed to this report.

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City plans ‘scattering garden’ for people’s ashes in bid to save burial plots

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Belfast Live

The local authority looks to be running out of traditional plots for coffins with a report in chambers showing only one of its 10 cemeteries is open to new burials

A NI council is set to provide a ‘scattering garden’ for people’s remains as it looks to save space for burials.

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Lisburn and Castlereagh City Council’s environment committee has backed a plan to explore alternative and culturally diverse end of life needs with an upcoming design for a potential new cemetery.

The local authority looks to be running out of traditional plots for coffins with a report in chambers showing only one of its 10 cemeteries is open to new burials.

READ MORE: Councillors vote for toilet upgrade instead of new facilities after campaign.

READ MORE: Concerns over council plans for GAA pitches in new sport strategy.

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Castlereagh South Alliance councillor Bronagh Magee said:”Since the original motion back in October I have received very positive comments from the public in regards to the natural burials from people in Lisburn and Castlereagh and beyond.

“I have also noted that undertakers have told officers that there has been an increase in people interested in alternative and sustainable options for burials.

“Although our council is not in a position to offer a designated site, I welcome that it will be explored.”

The environmental proposals come as the UK Government works towards continuing efforts to lower harmful gas emissions by 2027.

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According to the committee, the council will call for an end to embalming and provide plots that can hold up to 12 urns as well as a scattering garden where ashes can be released.

Lisburn North independent councillor Gary Hynds added:”I would be very pro-choice on this matter.

“The only comment I would make would be to know the demand, which will come out through the feasibility report.

“There are some who would want an alternative option instead.”

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A council officer responded:”We currently don’t provide alternative options for residents at end of life.

“There is an increase in cremation, but we are some way behind the likes of England, Scotland and Wales.

“There is considerably less space needed for the burial of ashes than a traditional coffin.

“We will bring back a feasibility report which will have further engagement around alternative burials and our long term future needs.”

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Ripon – moped stolen near Sainsbury’s rear exit then damaged

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Ripon - moped stolen near Sainsbury's rear exit then damaged

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Northern Ireland captain hails ‘outstanding’ young star but identifies one area where team struggled

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Belfast Live

Northern Ireland skipper Trai Hume hailed the impact of Kelly and Michael O’Neill’s brave young side afterwards. Their average age was just over 22

Northern Ireland came away from Lille with more than just a Pat on the back last night, despite a sparkling Michael Olise hat-trick for France.

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Patrick Kelly’s second half goal rattled Didier Deschamps’ Bleus as they head for the World Cup as many people’s favourites.

The Barnsley man got on the end of Shea Charles’ cross to briefly silence the partisan home crowd, making it 2-1, before Olise got the farewell party going again with a stunning third goal.

Northern Ireland skipper Trai Hume hailed the impact of Kelly and Michael O’Neill’s brave young side afterwards. Their average age was just over 22.

“I thought the boys were outstanding,” said Sunderland man Hume. “We done our analysis and knew we could get them in the transition and that’s what we done.

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“I thought PK (Kelly) was outstanding. The young lads all were. If you want to play international football you hgave to come and play in atmospheres like this and play big teams.

“They are favourites to win the World Cup. We gave a good account of ourselves.”

Hume and an overworked Northern Ireland defence handled most of what a star-studded French side threw at them.

Kylian Mbappe, Désiré Doué, Ousmane Dembele and Rayan Cherki were held at bay, but Bayern Munich ace Olise could not be stopped, with each of his goals better than the last in Lille.

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Hume was disappointed that Northern Ireland could not deny the best attacking line-up in world football vital possession.

“I thought we worked so hard, we were so honest. We defended so well in parts, but it comes down to looking after ball when you get it,” Hume said.

“It felt like we defended for 80 minutes. The boys were outstanding but, if I had one little thing to work on, it would be managing the ball a bit better.”

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Olise struck either side of half-time, both goals unerring finishes on the rebound, and after Kelly pulled one back the Bayern Munich man delivered a superb curling strike to settle it in the 75th minute.

But France, among the favourites to lift the World Cup this summer, hardly had things all their own way as Northern Ireland – whose starting XI had an average age of just 22.6 – dug in to produce another determined display showing maturity beyond their years.

And that was rewarded in the 64th minute when Kelly, the 21-year-old making only his second international start, turned in a Shea Charles cross, silencing the crowd to deliver on O’Neill’s plea for his players to act as “badly-behaved guests” at France’s going-away party.

Didier Deschamps, taking charge of France for the final time on home soil, fielded a side which could well be the starting XI for their World Cup opener against Senegal on June 16, with Mbappe, Dembele, Doue and Olise forming an imposing front four.

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Northern Ireland almost created an early chance for Isaac Price but, as smoke from the pre-match fireworks hung over the pitch under the closed roof of Lille’s Stade Pierre Mauroy stadium, the pattern was set with action concentrated at the other end.

Mbappe curled a shot narrowly wide before Doue’s tame effort was gathered by Pierce Charles.

Northern Ireland broke as Price crossed for Kelly, who peeled away to make space but hit a low shot just wide of a post.

With 20 minutes gone, Aurelien Tchouameni’s low shot from distance struck a post. Doue picked up the rebound and crossed for Mbappe to finish, but the flag was up against the Paris St Germain winger.

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With every passing minute O’Neill’s men were growing in confidence and stature and they threatened again when Shea Charles’ superb pass almost fell for Kelly in front of goal.

Instead France got the breakthrough two minutes before half-time. Doue’s cross found Dembele and when his shot was blocked Olise slotted in.

Jamie Donley poked home for Northern Ireland in first-half stoppage time, but Ruairi McConville was guilty of a push on Theo Hernandez as he beat him to Price’s cross.

Three minutes into the second half it was 2-0. Pierce Charles could not hold substitute Malo Gusto’s cross and when Trai Hume blocked Hernandez’s header it fell for Olise to rifle home.

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Mbappe, one shy of Olivier Giroud’s record of 57 goals for France, hooked a shot over from Hernandez’s cross before Maxence Lacroix was equally wasteful from a similar position.

As the home chances piled up, Northern Ireland then hit France on the counter-attack.

Justin Devenny’s pass found the run of Shea Charles, who got the better of Dayot Upamecano before playing in a low ball for Kelly to tuck home.

Mbappe fired over again before Olise killed the contest with the pick of the goals, cutting in off the right and curling a shot into the far corner, and Northern Ireland defended doggedly to ensure there was no further damage.

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David Sullivan accused of sexual misconduct by several women

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David Sullivan accused of sexual misconduct by several women

The allegations from seven women have been uncovered in a joint investigation by BBC Panorama and The Times.

They all come from women who were in their late teens or early twenties and were young models seeking work at Sullivan’s Daily and Sunday Sport newspapers.

They accuse Sullivan of sexually exploitative and predatory behaviour, including pressuring them for sex during business meetings, where he offered to boost their careers if they slept with him or gave him oral sex.

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Sullivan, 77, said he “categorically” denies the claims, which span the period when he made a fortune from pornography, newspapers and football.

The full investigation can be found on BBC News and The Times.

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David Sullivan allegations come days after stepping away from West Ham United

Along with David Gold, Sullivan acquired a 50% share in West Ham United back in 2010.

On Saturday, June 6, he stepped down after 16 years in the role to fight what he called “false allegations” about his private life.

He said: “After very careful consideration and with a heavy heart, I have decided to resign as joint-chair and director of West Ham United FC with immediate effect.

“This has been an incredibly painful decision to make, but it is one made out of love, respect, and responsibility toward a football club and a fan base that deserve absolute unity and focus moving forward.”

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A club statement said: “West Ham United can confirm that joint-chair David Sullivan has stepped down from his position with immediate effect.

“Mr Sullivan has also resigned as a director of both WH Holding Limited and West Ham United Football Club, having been made aware of the impending publication of serious historic allegations.

“It is understood none of the allegations relate to West Ham United or any of its operations.”

Although Sullivan has resigned as joint chairman, he remains the Championship club’s largest single shareholder with a 38.8% stake in the business.

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Trump: Pilots fine after helicopter crashes near Strait of Hormuz

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Shootings at school and home in northeastern British Columbia leave 10 dead, including shooter

DUBAI, United Arab Emirates (AP) — A U.S. Army Apache attack helicopter crashed near the Strait of Hormuz, with President Donald Trump saying the two crew members abroad were “fine” after the incident involving the strategic waterway, which remains under a chokehold by Iran.

What caused the crash remained unclear Tuesday morning in the Middle East, which was still reeling after Iran and Israel exchanged fire the previous day in the biggest blow yet to the straining ceasefire in the Iran war. Iranian state media, relying on foreign reporting, acknowledged the crash without elaborating.

Since the U.S. and Israel began striking Iran on Feb. 28, the war has shaken the global economy, driven up energy prices around the world and made many basics, including food, more expensive. Officials have been unable to turn the April ceasefire into a deal to permanently end the conflict.

Trump, speaking to journalists at John F. Kennedy International Airport in New York after watching the NBA Finals on Monday night, acknowledged the crash.

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“The pilots are fine. Yeah,” Trump said. “Nobody injured. We are going to issue a report tomorrow. But the pilots are fine.”

The New York Times first reported that a U.S. Army Apache attack helicopter went down near the strait in unclear circumstances. The U.S. military’s Central Command and the Defense Department did not immediately respond to requests for comment from The Associated Press.

Apache helicopters have been a key asset for the American military as it enforces a blockade on Iranian crude oil shipments and tankers, seeking to pressure Tehran into reaching a deal. The helicopters also have been used by the United Arab Emirates to shoot down Iranian drones during the Iran war.

Trump insists an Iran deal is coming

Trump also expressed renewed optimism over negotiations with Iran.

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“We have a good chance” of signing a deal in “two or three days,” Trump said. But he didn’t provide any details on why there was reason for new optimism.

“We’re very close to having a very, very good, strong, powerful deal,” the president said. “If we go and bomb — which we could do very easily if we want, and we spend another two or three weeks bombing — they’ll have nothing left whatsoever. But you won’t have the strait open for months.”

He added: “If we do the bombing, you know, a lot of people are going to be killed. Who wants to do that? I don’t.”

Mediators, led predominantly by Pakistan, have been trying to weeks to get a deal across the line. However, both Iran and the U.S. have taken hard-line positions.

The U.S. wants to see Iran give up its stockpile of highly enriched uranium, which is believed still to be entombed in the country after American airstrikes in the 12-day war in 2025. But Iran is refusing that and demanding relief from sanctions. It also wants the release of frozen assets even before a final agreement is in place, something rejected by Trump.

___

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Associated Press writers Michelle L. Price in New York and Will Weissert in Washington contributed to this report.

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Who is David Sullivan – football boss, ‘king of porn’ and alleged sexual predator?

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Who is David Sullivan - football boss, ‘king of porn’ and alleged sexual predator?

One of the paper’s reporters, Tina Dalgleish, responded to an advert for “promotional entertainment work”. She reported that Sullivan told her she would have to have sex as part of the job and that he needed to “judge her performance”. He asked her to come upstairs and strip to her underwear, she wrote, adding that she had done so, but had then got dressed and left.

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The island festival putting nature before acts

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The island festival putting nature before acts

An Isle of Wight festival is swapping big-name headliners for beach cleans, wildlife walks and community-led events that celebrate the island’s UNESCO Biosphere Reserve status

As rising costs put pressure on the summer festival circuit, one island is testing a different model: no single main stage, no huge ticket price and no big-name headliners, but more than 100 community-led events spread across beaches, libraries, woodlands, nature reserves, arts centres and village spaces.

The Isle of Wight Biosphere Festival returns from 27 June to 5 July, with a nine-day programme celebrating the island’s status as a UNESCO Biosphere Reserve. Now in its third year, the festival is built around grassroots participation, with local groups, artists, wildlife organisations, heritage sites, climate projects, allotments, libraries and community spaces putting on their own events under one island-wide banner.

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“At the beginning, the main goal was to celebrate and raise awareness of the fact that we’d been awarded Biosphere Reserve status by UNESCO,” said festival producer Martha Henson. “It’s such a special accolade, we are one of only seven in the UK, but many people here didn’t know we had it or what it meant.”

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That status recognises the relationship between people, wildlife and landscape, as well as efforts to live more sustainably. But Henson said the festival soon became about more than the designation itself.

“One of the greatest strengths we have on the island is the community whose work led to us getting that status, whether in conservation, sustainable businesses, the creative arts, education or any number of other related areas,” she said. “It’s really grown into a celebration and showcase of that too.”

The result is closer to a living map of local action than a conventional festival. This year’s programme includes guided walks, beach cleans, storytelling, ocean yoga, art installations, wildlife talks, film screenings, craft workshops, dance, family bike rides and nature-based learning, with most events free or low-cost.

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Visitors listening to a talk at the island’s garlic farm

Visitors can learn about marine conservation over tapas, explore historic landscapes at Brading Roman Villa, take part in wild fermentation workshops, try ocean flow yoga by the sea, or attend a UV night walk looking at the world through the eyes of insects.

Its organisers hope the model can offer a more accessible alternative to commercial festivals, especially for people who want something smaller, slower and more rooted in place.

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“It’s definitely a different vibe from a music festival,” said Henson. “It’s great for people who are more about learning and being inspired, but also who prefer smaller scale events where a big festival can be overwhelming.”

The model is not easy to fund. The festival was run entirely by volunteers in its first two years, supported by around £5,000 in small grants and sponsorship. This year, a National Lottery Community Fund grant of just under £20,000 has allowed organisers to hire two coordinators and several short-term project roles, though much of the work still depends on volunteer effort.

Visitors at the farm on the island’s open day

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“We want to make it as accessible as possible, which relies on ticket prices being low,” said Henson. “If we asked for money from our community in order to run it, it would start to feel like it was taking something away rather than celebrating and giving back.”

For an island still often associated with seaside holidays and buckets and spades, the Biosphere Festival shows another side of the Isle of Wight: one shaped by community action, nature recovery, creativity and local knowledge.

Henson hopes people leave with a sense of what becomes possible when local projects are joined together. “It’s as much about the exchange of ideas,” she said. “People with similar interests meet and we have seen all sorts of collaborations arise as a result. One person last year said it was ‘nourishment for the soul’, and it feels really good to hear that.”

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Images: Biosphere Festival Network

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Newscast – Jess Phillips On The Explicit Image Ban For Children

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Newscast - Epstein Files: New Mandelson and Andrew Allegations

Available for over a year

Today we hear from Labour MP Jess Phillips, who resigned from government in part over what she saw as its failure to act quicker on kids‘ online safety.

One of the measures she was pushing for at the time was announced today. Sir Keir Starmer has told firms to either activate built-in features or update software to prevent children from taking, sending or viewing sexually explicit images on their phones and other devices.

And after 24 hours of missile fire between Israel and Iran. Diplomatic correspondent James Landale and chief presenter in the US Caitríona Perry discuss what happened, why, and what it means for peace talks.

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newscast@bbc.co.uk or send us a WhatsApp on +44 0330
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Newscast brings you daily analysis of the latest political news stories from the BBC. The presenter was Adam Fleming. It was made by Chris Flynn with Anna Harris. The social producer was Gabriel Purcell-Davis. The technical producer was Jonny Hall. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.

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Coronation Street spoilers as gun fired, Betsy plots exit and Sarah confronted

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Manchester Evening News

Someone is also plotting a proposal in Weatherfield according to new spoilers for the ITV soap

There is already a murder investigation underway, but is there set to be another in Coronation Street as a gun is unexpectedly fired next week?

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The drama starts to unfold when a bitter Kevin Webster tells Carl Webster he’s received a letter from another garage requesting a reference for him, and he can whistle for it. Soon, Carl takes a call from Fiona Morley offering him some more dodgy work. Will Carl return to his dark side?

Meanwhile, as Kevin watches a video of Ruby Dobbs on Tyrone Dobbs’ phone, he inadvertently accesses the video of Carl sabotaging the brakes on his car. Without a thought, Kevin storms over to Carl and reveals he knows what he did.

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Hearing the commotion, Tyrone and Ronnie Bailey, who knows what happened to Carl as he was the one to take and leave him at the hospital, hurry over, leaving Kevin incandescent to learn they were fully aware of Carl’s crimes.

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Ronnie suggests that for Debbie’s sake, they all bury the hatchet, but Kevin refuses point-blank and, picking up a wrench, advances on Carl. But in a major twist, Carl pulls out the package he picked up from Fiona to reveal a gun.

The men stare at the gun as Ronnie asserts nobody’s going anywhere until they’ve found a resolution. Convinced the gun is a fake, Kevin picks it up and aims it at Carl, leaving Ronnie horrified. As he tries to wrestle it from him, the gun goes off, and they all react in horror. Has the bullet struck? And will Debbie find out what Carl has been up to this time?

While this is going on, an excited Sally Metcalfe, Glenda Shuttleworth and Christina Boyd assemble with their cases packed, a text from Ronnie informs them that it’s all systems go. What has he got planned? Later at the hotel, Sally, Glenda, Christina, and Bernie Winter are nursing hangovers. Debbie tries in vain to call Ronnie, and when Christina’s phone buzzes, she kills the call. Pointing out they’re here to have a good time, Glenda orders them to switch off their phones.

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Later, Debbie wakes from a horrible nightmare, reliving the horror with the gun at the garage. As Tracy Barlow and Debbie argue over a flower order. Tracy blames Debbie’s dementia for the confusion. Her stress is building, and Debbie lets slip to the parents of the gender reveal party the hotel is hosting that the baby is a boy, as she read it on the balloon order. As Ryan Connor apologises, the balloon suddenly pops, and convinced it was gunfire, Debbie freaks out.

Elsewhere in Weatherfield, Maria Windass spots husband Gary and Sarah Platt sharing a hug as Gary asserts they must delete all their messages. Maria watches them with suspicion, but can she find proof that they’re having an affair? Later, Maria opens up to Fiz Dobbs and Izzy Armstrong about her suspicion that Gary is having an affair with Sarah.

Meanwhile, Todd tells Sarah that Maria suspects her of having an affair with Gary, while a sombre-looking Maria tells Gary that they need to talk. Masking his unease, Gary suggests they meet for a curry later. As the week draws to a close, Gary reveals he’s booked a surprise holiday for the whole family.

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Izzy, Jake and Liam are thrilled, whilst Maria’s suspicious. Maria confides in Izzy that she suspects Gary is cheating on her with Sarah and booked the holiday to appease his guilt.

And speaking of Sarah, Kit Green confides in her daughter, Bethany Platt, that he’s thinking of asking Sarah to marry him and when Harry admits to Kit that he likes having him around, Kit assures him the feeling is mutual. Later, Kit admires the engagement ring he’s bought for Sarah.

Also next week, in the Rovers, Sean Tully refuses to serve Brody Michaelis, his son Dylan Wilson and Betsy Swain, aware that Brody’s underage. Instead, the gang heads to the precinct, but when three rough lads approach and demand they hand over the cans they’ve bought, Brody orders Dylan and Betsy to scarper whilst he sprints in the opposite direction with the lads going after him.

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Meanwhile, Betsy tells Lauren Bolton she’s been offered a place at the London College of Fashion, but she’s worried about leaving Dylan. How will he react to the news? Betsy also admits she’s yet to break the news to her mum, Lisa Connor-Swain. Eventually, Betsy tells Lisa and wife Carla about the offer. Carla’s delighted for her, but will Lisa share her enthusiasm?

And Nick Tilsley reels in shock as he waits for news of his son. Nick turns on Ben Driscoll and Eva Price, citing Megan Walsh’s court case as the root of Sam’s problems. Eva assures Ben that they don’t need Sam’s help with the court case, and that Will Driscoll will smash it by himself.

Later, Nick’s horrified to realise the extent of Sam’s suffering. Nick once again lashes out at Ben, blaming him for failing to spot Megan’s crimes sooner and therefore causing Sam unnecessary suffering. But at the end of the week, it seems Sam may turn a corner as he tells Nick he’d like to see Roy Cropper.

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Scotland’s gang war eyes in the sky – How cop helicopter plays key role tackling underworld crime

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