Fortescue-backed hydrogen aviation start-up universal hydrogen shuts down

Universal Hydrogen, a start-up focused on hydrogen-powered aviation and backed by Fortescue, has shut down after depleting nearly $150 million in investor funds. Despite the company’s achievements, including a successful test flight of a hydrogen fuel cell-powered plane last year, it struggled to secure additional funding in a tough venture capital market.

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Warren Buffett’s evolving estate plans

In a weekend media interview, Warren Buffett revealed a substantial change to his planning for his $US128 billion-plus estate, confirming that his three children will play a major role after his death. He also announced that the Gates Foundation, established by Microsoft co-founder Bill Gates and his then-wife Melinda, will no longer be included in his post-death planning.

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