NYSE-parent Intercontinental Exchange to dual list on NYSE Texas

June 16 (Reuters) - New York Stock Exchange-parent Intercontinental Exchange (ICE.N), opens new tab said on Monday it would dual list on NYSE Texas, effective June 17.
NYSE Texas officially opened for business in March and has lured a string of companies to dual list on its bourse in recent weeks.
ICE said it would maintain its primary listing on the NYSE.

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Telegraph

an hour ago

• Telegraph

Epic or Ikon Pass: Are multi-resort ski lift passes worth the cost?

A lot has been written about the Epic Pass and the Ikon Pass since they were first released to skiers and snowboarders, in 2008 and 2018 respectively. Depending on who you listen to, these multi-resort season ski passes, launched by US-based companies Vail Resorts (Epic), and the Alterra Mountain Company (Ikon), have either opened up affordable multi-resort skiing to the masses, or destroyed the sport completely. As always, the truth is a little more nuanced than much of the internet would have you believe. But as the passes and the conglomerates behind them continue to evolve, with significant expansion in Europe in recent years, most people's principal questions remain the same: is a multi-resort lift pass worth it? And if so, which one should I buy? Epic, Ikon, or something else entirely? In this guide: What is a multi-resort lift pass? How much does the Epic Pass or Ikon Pass cost? Should I buy a multi-resort lift pass this winter? What are the downsides? Are there any additional perks? What is a multi-resort lift pass? A multi-resort pass is a season pass that allows you to ride the lifts at a large number of ski resorts throughout the winter for a fixed price. The Epic Pass The first mass market multi-season pass was the Epic Pass, launched by Vail Resorts in 2008. At the time, the company owned five resorts: Breckenridge, Beaver Creek and Keystone in Colorado as well as Vail itself, and Heavenly, on the south shore of Lake Tahoe, in California. The original Epic Pass offered skiers unlimited days at all five for just US$569 (£419) – a ludicrously good deal compared to typical season-pass prices for individual resorts. Some commentators thought the company was crazy, but it proved to be a visionary move. Typically, season-pass sales spiked if there was early snowfall, and slumped if there wasn't. But because the Epic pass was only on sale in the summer months, with the cheapest prices reserved for earlier buyers, the company could guarantee its cash flow for the following winter long before the snow had started to fall. Today, Vail owns and operates 42 ski resorts around the world, including Whistler in Canada, Park City in Utah, and two recently-acquired resorts in Switzerland: Andermatt and Crans-Montana. Thanks to partnership agreements, the Epic Pass for the upcoming 2025/26 winter will allow holders to ski in over 80 resorts worldwide – including unlimited days to Vail-owned destinations. The Ikon Pass Having noted the success of the Epic Pass, the Alterra Mountain Company launched their own version, the Ikon Pass, in 2018. Alterra owns 17 ski resorts (and two heli-skiing operations) all of them in North America. Their Ikon Pass offers unlimited access to most of their properties (with a few exceptions, like Deer Valley and the heli-skiing operations) and up to seven days skiing in over 60 partner resorts worldwide, including iconic destinations in Europe like Zermatt Chamonix, and the Dolomiti Superski Area. Other passes There are other multi-resort passes on offer too. As a response to the dominance of Vail and Alterra, various independently-owned ski areas banded together to launch the Indy Pass in 2019. The 2025/26 version will offer up to two-days access in over 250 resorts worldwide. In Europe, there's the Magic Pass, which offers unlimited access to just over 100 resorts – the bulk of which are in Switzerland, with a handful in France and Italy. Elsewhere, passes like the Austrian Snow Card Tirol, or the Italian SuperSkirama, Dolomiti SuperSki, and Aosta Valley passes cover collections of resorts clustered around particular locations. How much do multi-resort passes cost? A full Epic Pass for 2025/26 winter season costs US$1,075 (£794), for an adult, or US$548 (£400) for a children aged five to 12. You can also buy local versions of the pass for less. An adult Ikon Pass costs US$1,429 (£1,055), but young adults aged 13 to 22 only pay US$1,089 (£804), and kids aged five to 12 pay $439 (£324). You can buy an Ikon base pass, with unlimited access to slightly fewer resorts, for less. Indy Passes typically cost far less, but they're sold out for the forthcoming season. The Magic Pass costs CHF419 (£327) for the 2025/26 season. And are they worth the expense? If you live in the United States If you're a keen skier living in the US, then almost certainly yes. Standard lift-pass prices are astronomical in the United States (last winter, a single day at the high-end resort of Deer Valley would set you back US$279 (£206)) and if you're going on more than one ski trip a season, it's likely that a multi-resort pass will save you money. The multi-resort pass model works particularly well for people based in big, well-connected cities, who are taking multiple trips (often weekends) a winter to different ski areas. It also works well for East Coasters who might do regular day trips to a local mountain but want to do one big, week-long trip out west per winter. If you're a US-based skier whose likely to head to the same resort each weekend, or you're only going to take one week-long holiday each winter, it's worth checking out single ski area prices before you buy a multi-resort pass. If you live in Europe or beyond For most skiers based in Europe or the UK, Epic and Ikon passes probably aren't worth it. You could do a week in Chamonix and a week in Zermatt (both included on the Ikon pass) and you'd pay less for a six-day ski pass in each than you would an Ikon season pass. The exception to this rule is if you're planning on heading to the US or Canada multiple times in a single season – or if you're planning to go to the US once, and a European resort covered by one of the passes. Although most of the largest Swiss resorts are not included, the Magic Pass is a great option if you live in Switzerland, or near the Swiss border. For Australians who ski regularly at Hotham, Falls Creek or Perisher, and fancy a week-long jaunt to Whistler or somewhere in the States, the Epic pass is a great option. What are the downsides? Before you splash out on an Epic or Ikon Pass, it's worth looking at the 'blackout days'. Some resorts restrict multi-resort pass holders access during peak periods in order to prioritise those who've bought single passes. Both the Epic and Ikon passes have come in for criticism from certain corners of the ski industry, in part because of their success. Their sheer scale now means it can be hard for independent resorts to compete. The companies have also been accused of squashing the individual quirks of the resorts they buy up. Are there any additional perks? Ikon Pass holders can offer a partner service, run by a third party, but branded as Ikon Pass Travel. Kristin Rust, vice president of communications for Alterra Mountain Company explains: 'It's a travel agency in the States that are ski specialists – their claim to fame is that every single person on their staff has been to the resorts that they sell. So if you want to go to Chamonix, they can help you book your hotel, your flight and so on.' Ikon Pass holders also get discounts on gear from The North Face, Db luggage and a range of other brands, and complimentary bike park tickets in certain destinations for the summer. The Epic Pass also offers a range of ancillary benefits, including 20 per cent off food, lodging, equipment rentals, group lessons and even heli-skiing at select resorts. Epic Pass holders also get unlimited summer access to many Vail-owned resorts, including Crans-Montana in Switzerland, which is particularly well-known for its mountain bike trails. 'While winter is at the heart of what we do, summer in Switzerland offers its own kind of magic, with a full calendar of exciting events and activities,' explained Mike Goar, Vail Resorts chief operating officer for Switzerland.

Telegraph

an hour ago

• Telegraph

Supersonic travel inevitable, maker of Concorde successor claims

The return of supersonic travel has become 'inevitable' after Donald Trump lifted a 52-year ban on such flights over US soil, according to the company building a successor to Concorde. Boom Supersonic, which has been developing an updated version of the Anglo-French aircraft for a decade, said the president had provided the final push needed to make the jet a reality. Blake Scholl, Boom's founder, said the lifting of the ban will open up a wider market for supersonic flights and help the sector reach critical mass and financial viability more quickly. Flight times between London and an inland US city such as Chicago could now be cut from 7 hours 20 minutes on a subsonic aircraft to just 4 hours 30 minutes on Boom's Overture jet. Mr Trump signed an executive order lifting the supersonic ban this month after a Boom test flight in January broke the sound barrier without the sonic boom reaching the ground. Mr Scholl said: 'It's just fantastic. I think at this point it makes the return of supersonic passenger flight inevitable.' He said he encountered 'a tremendous amount of excitement' on visiting the White House and Congress a day after announcing that so-called 'boomless cruise' had been achieved. 'It's been talked about in theory for a long time,' he said, 'but once a thing goes from theory to practise all of a sudden it gets people's attention.' A bipartisan bill was introduced in the House of Representatives and Senate, before Mr Trump's intervention rendered the legislative route unnecessary. Speaking about the move, the president expressed frustration with the pace of modern air travel, saying that the industry had 'gone backward' in the past 30 years. Describing Concorde as 'one of the most beautiful pieces of art,' he said the sonic boom was never a huge problem and that companies now had it 'pretty well figured out'. He said: 'The technology changes. So we're making it possible. We have regressed and now we are going to progress.' During its test flights, Boom ensured that sound waves were refracted away from the Earth by breaking the sound barrier at an altitude and speed dictated by atmospheric conditions. Mr Scholl said he expects to see supersonic private jets link American cities as Boom's airliners operate transatlantic routes while taking advantage of the rule change when crossing the US. He said: 'I think other people are going to build this product. It makes the market much larger and the use case much larger.' Canada retains a supersonic ban so a London-Chicago service would have to ignore the shortest route over Newfoundland and fly at Mach 1.7 to the US east coast and then drop its speed to Mach 1.3 to complete the journey. Mr Scholl said Mr Trump's landmark decision, under which the speed ban will be replaced with noise-based standards, should not be viewed as controversial. He said: 'It makes all the sense in the world. If there's no boom, that's not a hard decision.' He said that the 1973 law – introduced to spite Europe and the Soviet Union, which had pressed on with supersonic projects after the US withdrew – had stifled innovation and was 'the worst own goal in regulatory history'. Mr Scholl said the supersonic ban could even be blamed for what he called 'the gradual implosion of Boeing' as talented engineers deserted aerospace for the technology sector and companies such as Facebook, Amazon and Google. He said: 'If you go from the Wright brothers to the introduction of the Boeing 707, every generation of commercial aeroplanes was faster and better. 'But the modern day 787 is really the same product doing the same thing, just more efficient and more refined, but not any better at connecting the planet.'

Daily Mail​

an hour ago

• Daily Mail​

Shop early 4th of July sales here: Beauty, mattresses, furniture, fashion, and more are all up for grabs!

The Fourth of July is still a few days away, but if you're interested in taking advantage of some sweet deals you're in luck! Retailers aren't waiting for the holiday to kick off their savings, which means you have early access to an abundance of sales. Amazing discounts abound across all categories, whether you're looking to upgrade your space with a sofa, in the market for a new mattress, or just want to treat yourself to something special. Now is the perfect time to get in on those Independence Day deals and save plenty of cash! Here are the deals that are definitely worth your time.