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State funding of $70 million depends on approval from legislators and Newsom, and the governor may require companies to spend the money on new hires, a position many publishers probably will resist.

Paramount’s special committee has discussed conditioning the deal on approval by a vote of a majority of minority shareholders.

Though Ms. Redstone is eager to reach a deal, it hinges on approval from Paramount’s board, which has for weeks been weighing its options with the help of advisers.

Moreover, given their arbitrary nature, their rules on approval, control and sanctions must be held to be unjustified restrictions on the freedom to provide services.

Working with rocket firm HyImpulse they intend to begin sub-orbital launches next year, and are currently waiting on approval from the Civil Aviation Authority to launch rockets out of the earth's atmosphere and into orbit.