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Home Blog Page 8

CHAMP News: Scott Hend, Brian Gay share lead at Senior PGA Championship


Scott Hend has won everywhere from Asia to Canada to his native Australia in his long, workmanlike golf career. Now he is in position to contend for his first major championship.

Hend posted a 7-under-par 65 on Friday, the lowest round through two days of the Senior PGA Championship, to share the 36-hole lead with Brian Gay at Concession Golf Club in Bradenton, Fla.

Hend was 2 under for his day when he made the turn, but climbed the leaderboard quickly when he got birdies to fall at Nos. 11, 12 and 13. Hend added back-to-back birdies at Nos. 16-17 to shoot 5-under 31 coming in.

He and Gay sit at 10-under 134 at Concession — the new host of the major through 2028 – though both believed they could have been even better.

“I was disappointed in yesterday’s two double bogeys on the back nine, so I wanted to play that nine a bit smarter and a bit better today,” Gay said. “So I didn’t short-side myself as much as what I did yesterday, and it seemed to work out quite well.”

Hend has traveled Asia, collecting 10 wins on the Asian Tour from 2008-19. He has won three times since joining the European Senior Tour. He knows that the leaderboard is packed with challengers who have experience under the brightest lights.

“I haven’t got any majors in my back pockets, so the guys who have majors should be the ones that are favorites,” Hend said.

That includes Stewart Cink and South Africa’s Retief Goosen, who share third place at 8 under par with Ben Crane. Cink shot a 67 Friday while Crane and Goosen posted 69s.

Cink made an impressive eagle at the par-5 17th on a long, uphill putt. That pushed him to 9 under, but he bogeyed his final hole.

“Two bogeys today. You know, obviously you’d like to clean those up,” said Cink, who has won six times since joining the PGA Tour Champions and twice this year but is searching for his first senior major.

“But you know, all in all it was pretty good golf, and I would take days like today pretty much every day for the rest of my career and be happy, because there’s going to be some days that yield some low scores on days like this, and there’s not going to be too many over-par rounds.”

As for Gay, he is in the same bucket as Hend, seeking his first career major of any kind. An eagle at the par-5 seventh was counteracted by his double-bogey 7 at the 17th.

“Another pretty good day. A little volatile. Pretty similar to yesterday, except I butchered a couple of par-5s. Two of them with one bad tee ball, two good tee balls, but other than that, I putted well again.”

Argentina’s Angel Cabrera, the defending champion, went 9 over through 36 holes and missed the cut by seven strokes.

–Field Level Media

Boxing News: Manny Pacquiao ‘100% confident’ Floyd Mayweather rematch will happen

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As far as Manny Pacquiao is concerned, he is “100% confident” his rematch with Floyd Mayweather Jr. is still on for Sept. 19 at The Sphere in Las Vegas, regardless of what the latter has said about the event recently.

Mayweather told Vegas Sports Today in early April that “we don’t know the location of the fight. The Sphere is one of the places that they talked about. So, we don’t know if it’s 100% going to be there. And this is not actually a fight. It’s an exhibition.”

Pacquiao said he took issue with Mayweather’s characterization of the rematch of one of the biggest boxing fights of the century, set to stream on Netflix.

“When I heard Mayweather say it was an exhibition, I called my team right away and asked, ‘What’s happening? What’s wrong with this guy?” Pacquiao told ESPN. “What we signed was a real fight, not an exhibition. I don’t know where he got this idea from or where his head was at, but the fight is a real fight, and it absolutely won’t be an exhibition.”

Mayweather and Pacquiao initially fought in 2015 after years of buildup, achieving over 4.5 million pay-per-view buys, with Mayweather winning by unanimous decision.

Now 48 and 47 years old, respectively, the pair will battle in the first-ever professional boxing match at The Sphere.

“We both signed the contract and we both got our advance on our purses, so there’s no way we’re going to cancel this fight,” Pacquiao told ESPN. “Even with our first fight, he’s a lot to deal with, but the fight happened.”

The CEO of Manny Pacquiao Promotions, Jas Mathur, said Mayweather’s comments referring to the Sept. 19 event as an exhibition were in breach of contract but that the two sides were “making headway” toward resolving the issues, per ESPN.

“We are 100% confident that the overall outcome from this situation will turn out positive,” Mathur told ESPN on Monday. “We’re gaining progress and traction. Floyd has to live up to his obligations, and I think he wants this fight to happen, too.”

Pacquiao retired from boxing in September 2021 as the only eight-division world champion in boxing history before coming out of retirement last year for a WBC welterweight title fight against Mario Barrios, which ended in a majority draw.

Mayweather, who has a perfect 50-0 career record and won 15 world titles, hasn’t competed competitively since his highly controversial boxing match against UFC legend Conor McGregor in August of 2017. He has said he will have an exhibition fight against another boxing legend, Mike Tyson, this spring — although no date has been set — and announced in February that he would be coming out of retirement after that bout.

–Field Level Media

WWC News: Iranian soccer players in Australia thankful for ‘safe haven’


Two members of the Iranian women’s soccer team who were granted asylum in Australia last month, released a joint statement Friday thanking the Australian government for assistance with “the process of rebuilding our lives.”

Fatemeh Pasandideh and Atefeh Ramezanisadeh were the only two of seven members of the Iran traveling party who remained in Australia after the group first sought asylum during the Asian Cup tournament. Four players and one staff member ultimately returned to Iran.

During their time in Australia so far, both players had the chance to train with A-League team Brisbane Roar FC.

“At this stage, our primary focus is on our safety, our health and beginning the process of rebuilding our lives,” the pair said in a statement released through the Australian Associated Press. “We are elite athletes, and it remains our dream to continue our sporting careers here in Australia.”

Pasandideh and Ramezanisadeh thanked the Australian government, in particular home affairs minister Tony Burke, for providing “a safe haven in this beautiful country.”

The team arrived in Australia in late February, just before the United States and Israel began air strikes against Iran. The team did not sing the words to the Iranian national anthem before a March 2 game against South Korea, setting off a controversy back home, but sang the words in subsequent games.

“We’ve been working very, very closely with them, but obviously this is a very complex situation,” Matt Thistlethwaite, an assistant immigration minister for Australia, told Sky News last month. “… They’re being given all the support of the Australian government and indeed the diaspora community to remain here and settle in Australia.”

–Field Level Media

CALLOFDUTY News: Surge shine in CDL Stage 3 Major qualifying opener


The Vancouver Surge recorded the lone sweep as qualifying for the Call of Duty League’s Stage 3 got underway on Friday.

The Surge topped G2 Minnesota 3-0, albeit in three tight maps. In the opening day’s other results, the Paris Gentle Mates downed the Carolina Royal Ravens 3-1, and the Los Angeles Thieves topped the Miami Heretics 3-1.

The 12 Call of Duty League teams are playing a full qualifying round robin to determine seeding for the third major of the season, to be held May 15-17 as part of the DreamHack Atlanta event.

On Friday, Vancouver eked past Minnesota 250-249 on Gridlock Hardpoint, 6-4 on Raid Search and Destroy and 7-5 on Scar Overload.

Carolina opened with a 250-138 victory on Gridlock Hardpoint, but Paris responded by capturing Den Search and Destroy 6-3, Den Overload 4-1 and Sake Hardpoint 250-188.

The Thieves began by claiming Sake Hardpoint 250-137 and Fringe Search and Destroy 6-5. The Heretics extended the match by taking Scar Overload 5-3, but Los Angeles wrapped up the win by prevailing 250-197 on Colossus Hardpoint.

The weekend schedule:
Saturday
–FaZe Vegas vs. Boston Breach
–Toronto KOI vs. Riyadh Falcons
–Paris Gentle Mates vs. G2 Minnesota
–Vancouver Surge vs. Carolina Royal Ravens
Sunday
–Toronto KOI vs. Boston Breach
–Riyadh Falcons vs. FaZe Vegas
–OpTic Texas vs. Cloud9 New York

Call of Duty League Stage 3 Major qualifying, with match record and map differential
1. Vancouver Surge, 1-0, 3-0
T2. Los Angeles Thieves, 1-0, 3-1
T2. Paris Gentle Mates, 1-0, 3-1
T4. Boston Breach, 0-0, 0-0
T4. Cloud9 New York, 0-0, 0-0
T4. FaZe Vegas, 0-0, 0-0
T4. OpTic Texas, 0-0, 0-0
T4. Riyadh Falcons, 0-0, 0-0
T4. Toronto KOI, 0-0, 0-0
T10. Carolina Royal Ravens, 0-1, 1-3
T10. Miami Heretics, 0-1, 1-3
12. G2 Minnesota, 0-1, 0-3

–Field Level Media

QVC and HSN Parent Flags ‘Substantial Doubt’ Over Future as 10-K Filing Delayed CWEB Business News

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QVC Group has yet to file its annual 10-K report for 2025, citing active lender negotiations that cloud its financial outlook. Management intends to disclose “substantial doubt” about the company’s ability to continue as a going concern. The delay follows a high-profile rebrand and streaming-focused turnaround strategy unveiled just one year ago.

QVC Group, the parent company of home shopping giants QVC and HSN, is facing a deepening financial crisis after failing to file its year-end 10-K report with the U.S. Securities and Exchange Commission.

In a Form 12b-25 filing on Wednesday, the retailer revealed that ongoing discussions and negotiations with its lenders have thrown its capital structure into uncertainty, forcing leadership to seek more time to finalize financial disclosures.

The delay, which applies to the fiscal year ended December 31, 2025, has alarmed equity and credit investors who are now bracing for an ominous admission from management. Based on current information, the company expects to formally disclose “substantial doubt” about its ability to remain a going concern, a stark warning that could signal potential restructuring or bankruptcy risks ahead.

The company also cited the need for additional time to complete review procedures with its independent auditor, including finalizing narrative and financial data. While QVC Group has not yet set a new filing date, the SEC notification marks a dramatic escalation of financial pressure on the once-dominant television shopping network.

The troubles come roughly one year after the company rebranded from Qurate Retail to QVC Group, a move that was initially framed as a bold pivot toward social commerce and livestreaming. At the time, leadership set an aggressive goal to generate more than $1.5 billion in run-rate revenue from streaming and social channels within three years. Today, that strategy appears increasingly imperiled as legacy debt and liquidity concerns take center stage.

QVC Group still reaches more than 200 million homes worldwide through 15 television channels, spanning cable, satellite, free over-the-air broadcasts, and FAST platforms. Its digital footprint includes QVC+, HSN+, and a broad social media presence across Facebook, Instagram, TikTok, YouTube, Pinterest, and mobile apps.

The portfolio also encompasses home and lifestyle brands Ballard Designs, Frontgate, Garnet Hill, and Grandin Road. Yet these vast distribution channels have not shielded the company from mounting financial headwinds, and the delayed 10-K filing now threatens to undermine investor confidence just as the retailer fights to reinvent itself for a streaming-first era.

 

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Record Auto Loan Amounts Signal Strained Affordability in Q1 2026 $1,000 payments account for 20% of buyers

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Image Wikimedia Author Granada

New-vehicle buyers in Q1 2026 are taking on the largest average loan amounts in history.
Consumers are stretching loan terms or rethinking down payments to keep monthly costs manageable amid record-high vehicle prices.

Industry analysts point to the used market as a potential relief valve as off-lease inventory improves later this year.

The first quarter of 2026 has delivered a striking milestone for auto financing: the average amount financed for new-vehicle purchases has climbed to an all-time high. According to fresh data from Edmunds, car buyers are not only borrowing more than ever before but also reengineering their deal structures just to maintain affordable monthly payments. This trend underscores a growing tension between rising vehicle prices and household budgets, forcing consumers to make trade-offs that could carry long-term financial consequences.

“Q1 financing data shows that car buyers are getting creative just to keep their purchases within reach,” said Jessica Caldwell, Edmunds’ head of insights. “As loan amounts and monthly payments continue to climb to record levels, consumers are having to work harder to make the numbers fit — a clear sign of how strained affordability has become.”

Rather than defaulting to larger down payments—a strategy that traditionally reduces overall interest costs—many buyers are instead opting for extended loan terms. This shift reflects a pragmatic but risky adaptation to today’s economic pressures, where immediate cash needs often override long-term savings. Edmunds analysts note that while lengthening a loan can lower monthly obligations at the signing table, it frequently leads to higher cumulative interest and greater exposure to depreciation or negative equity.

“Right now, consumers are picking their battles when it comes to affordability,” said Ivan Drury, Edmunds’ director of insights. “While a larger down payment is typically the better financial move, many buyers simply don’t have that flexibility in today’s market, especially if it means diverting funds away from more immediate needs. In those cases, extending the loan term can help achieve a similar monthly payment, but it often comes with higher long-term costs and added financial risk.”

For shoppers who find new vehicles out of reach, Drury suggests that the coming months may bring better opportunities on the used side. A wave of off-lease vehicles is expected to re-enter the market, potentially easing price pressure and expanding inventory. That shift could offer a more budget-friendly pathway for buyers unwilling or unable to stretch their finances further on a brand-new model.

“For shoppers who are struggling to make the numbers work on a new vehicle, the used market could offer more opportunity in the months ahead,” said Drury. “As more off-lease vehicles return to the market, we expect inventory to improve, which could help ease pricing and give buyers more flexibility.”

To navigate this high-stakes environment, Edmunds analysts urge buyers to model different financing scenarios before committing. Interactive tools like the Edmunds Auto Loan Calculator and the Edmunds Car Loan Interest (APR) Calculator allow consumers to test how changes in down payment, loan term, or interest rates affect both monthly payments and total loan cost. While a longer-term loan may feel convenient at purchase, experts warn that rising car prices can amplify its downsides—locking buyers into payments that outlast the vehicle’s value.

Bankrate.com says one of the smartest ways to save money is by applying for auto loan preapproval. You can lock down your expected monthly cost before signing off on your vehicle. It gives you a firm grasp on the true cost of your new car and gives you a leg up during negotiation. You can also use the preapproved rate when comparing other loan options.

 

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Amazon Strikes $11.6 Billion Globalstar Deal to Supercharge Satellite Network Rivalry with SpaceX CWEB Business News

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Amazon Strikes $11.6 Billion Globalstar Deal to Supercharge Satellite Network Rivalry with SpaceX CWEB Business News

Amazon’s acquisition of Globalstar positions it as a formidable challenger to Elon Musk’s Starlink in the race for space-based internet dominance.
The $90-per-share deal hands Amazon critical spectrum licenses and satellite assets, accelerating its direct-to-device connectivity plans for 2028.
A parallel agreement with Apple, already a Globalstar stakeholder, hints at a rare tech alliance that could reshape mobile satellite services.

In a bold move to close the gap with SpaceX’s Starlink, Amazon announced on Tuesday its intention to acquire satellite operator Globalstar for $90 per share, valuing the transaction at roughly $11.57 billion. The acquisition marks a decisive escalation in the battle for low-Earth orbit (LEO) supremacy, giving Amazon’s nascent satellite internet unit immediate access to Globalstar’s existing fleet, ground infrastructure, and a portfolio of globally authorized spectrum licenses. Investors reacted swiftly, with Globalstar shares jumping more than 10 percent while Amazon’s stock gained over 3 percent.

The deal goes beyond mere infrastructure. Amazon plans to integrate Globalstar’s current and upcoming satellites with its own network, laying the groundwork for a proprietary direct-to-device satellite system slated for initial deployment in 2028. This system would allow smartphones to connect directly to satellites without specialized hardware, a feature that could redefine emergency communications and rural connectivity. In a surprising twist, Amazon also revealed it has struck a separate agreement with Apple to supply satellite connectivity for future iterations of the iPhone and Apple Watch, signaling potential cross-industry cooperation in a field often marked by fierce rivalry.

Apple’s existing ties to Globalstar add another layer of intrigue. In 2024, Apple acquired a 20 percent stake in the company through a $1.5 billion investment aimed at bolstering Globalstar’s constellation and ground systems. Currently, Globalstar operates roughly 24 satellites and powers Apple’s Emergency SOS feature, which enables text messaging from remote areas. With Amazon now taking full control, the partnership with Apple suggests that the two tech giants may be aligning to challenge SpaceX’s growing lead, especially as both Amazon and SpaceX recently secured FCC approvals—SpaceX for an additional 7,500 satellites and Amazon for 4,500 more.

 

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MLB News: Padres’ sale to Chelsea owner on deck for record $3.9 billion


A contentious two-year process to sell the San Diego Padres could cross the finish line with Chelsea owner Jose E. Feliciano reportedly placing a winning bid to purchase the team for a record $3.9 billion.

According to multiple reports, the framework of the agreement has been agreed to and the transaction only needs the approval of 75 percent of MLB owners to formally finalize the deal.

If approved, the sale price would shatter the previous record for an MLB franchise established when Steve Cohen purchased the New York Mets for $2.42 billion in 2020.

Feliciano, the founder of Clearlake Capital and part owner of Chelsea FC, and his wife Kwanza Jones were in the pool of bidders engaged by the Seidler Family to buy the team.

Longtime owner Peter Seidler died in 2023 and family was split on control of the team. John Seidler, currently chairman of the Padres, said in November the franchise would be sold. Forbes’ valuation of the Padres entering the 2026 season was $3.1 billion.

Feliciano and Clearlake Capital own more than 60 percent of Chelsea. The ownership group also includes Mark Walter, Todd Boehly and Hansjorg Wyss.

Also in the running to purchase the MLB club were Joe Lacob, owner of the NBA’s Golden State Warriors, the WNBA’s Valkyries and the Chase Center in San Francisco; Dan Friedkin, principal owner of three European soccer clubs; and Tom Gores, who is the owner of Platinum Equities and the NBA’s Detroit Pistons.

The Wall Street Journal reported sources confirming the sale agreement have been told the Padres would like to fully finalize the sale by June.

–Field Level Media

MLB News: D-backs’ Michael Soroka, riding hot streak, turns focus to Blue Jays


The Arizona Diamondbacks will return home as one of the hottest teams in baseball, set to open a three-game series with the Toronto Blue Jays on Friday night in Phoenix.

Since a 9-6 win over the Detroit Tigers on March 30, the Diamondbacks have won 11 times. Only the San Diego Padres (12) have won more in that stretch. Arizona completed a 6-3 road trip by winning all three series — against the New York Mets, Philadelphia Phillies and Baltimore Orioles.

Arizona has eight comeback victories this season and has won six of 10 one-run games. The Diamondbacks have not lost a series since being swept by the Dodgers to open the season, winning four and splitting the other series.

“That’s our identity, to do what the at-bat calls for,” Arizona manager Torey Lovullo said. “That’s the type of baseball we play here. It’s gritty and helps you stay in games.”

Arizona right-bander Michael Soroka (3-0, 2.87 ERA) is scheduled to face Blue Jays left-hander Eric Lauer (1-2, 7.82) in the series opener.

The injury-depleted Blue Jays have lost four of the past five games and 10 of 13. They have lost five straight series while playing without premier hitters George Springer and Alejandro Kirk and starting pitchers Jose Berrios, Shane Bieber, Trey Yesavage and Cody Ponce.

The Blue Jays are coming off a series defeat to the Milwaukee Brewers, in which Toronto lost two 2-1 games. The Jays have not seen the anticipated production from offseason free-agent acquisition Kazuma Okamoto, who was 0-for-4 on Thursday and has just two hits in his past 23 at-bats. After hitting a home run in two of the first four games of the season, he has no homers and two RBIs since.

“Over the long course of a season, I know there are going to be ups and downs, and that’s not different from playing in Japan,” Okamoto told MLB.com through an interpreter. “I think this is just a little lull right now, and hopefully I can get it going soon.”

Arizona is receiving help from perhaps unexpected sources.

Catcher Adrian Del Castillo had five RBIs in an 8-5, 10-inning victory at Baltimore to complete the trip Wednesday. His two-run homer in the 10th was the decider, and he also had a two-run triple in the third and an RBI groundout in the seventh. He has 10 RBIs, one behind team leader Corbin Carroll.

“Honestly, we’ve had some crazy wins and some good wins,” Del Castillo said in a TV interview. “We all work together. We just keep having fun. I think we have to feed off these wins and take it home and keep doing it.”

Utility player Ildemaro Vargas has hit in all 12 games he has played, a franchise record to start the season. He has played at first, second and third bases and also left field. He has five doubles, two homers, eight RBIs and a .383 batting average.

Soroka has won all three of his starts and has two 10-strikeout games in just 15 2/3 total innings. Soroka, 28, who spent the 2025 season playing for the Washington Nationals and Chicago Cubs, and Randy Johnson are the only two pitchers in franchise history with 10 or more strikeouts in two of their first three appearances with the team.

Against the Blue Jays, Soroka is 1-2 with a 5.09 ERA in five career games (four starts) but has faced them only twice since 2019.

Lauer beat the Athletics 5-2 on March 29 to open his season but has lost his past two starts, and he gave up seven runs on five hits and two homers in a 7-4 loss to the Minnesota Twins on Saturday.

Lauer is 4-4 with a 2.38 ERA in 10 career starts against Arizona. He gave up one run and struck out eight in five innings in an 8-1 victory over the D-Backs last June 18, his only start against them since 2022. He played for the Brewers that season.

–Field Level Media

MLB News: Rangers ride momentum of late rally into opener vs. Mariners


Winning on getaway day sure beats the alternative.

The Texas Rangers know that feeling after scoring four runs in the ninth inning on Thursday to beat the Athletics 9-6 in West Sacramento, Calif.

The Rangers practically glided to Seattle, where they’ll meet their American League West rival, the Mariners, in a three-game series beginning Friday night.

It appeared the Rangers were going to lose Thursday after Nick Kurtz’s wind-aided double with the bases loaded in the bottom of the eighth inning fell in front of left fielder Wyatt Langford, clearing the bases and giving the A’s a one-run lead.

But the Rangers rallied in the ninth, with Joc Pederson’s RBI single and Ezequiel Duran’s two-run single as the key blows.

“I just think that they played nine innings no matter what,” Rangers manager Skip Schumaker said. “They play hard, and it doesn’t matter what the score is. There’s always a fighting chance. I’m just proud of these guys. They just never give up. It was pretty demoralizing, how that was going. It could have been a demoralizing flight, quite honestly. That’s not easy to do, so this is a much happier flight, for sure.”

Josh Jung, who went 3-for-5 with a double, homer and two RBIs, credited Langford, who took out his frustration between the eighth and ninth innings by lobbing some water jugs around the visiting dugout.

“He kind of did it for all of us, probably,” Jung said. “We were frustrated, but then we’re just laughing. It’s like one jug goes, and then the next goes, too.”

The Rangers and A’s split their four-game series to remain tied atop the AL West.

The Mariners, meanwhile, were swept in a three-game series in San Diego, losing 5-2 Thursday to drop to 1-8 on the road and into a tie with Houston in the division cellar. The Mariners also were swept in a three-game series early last week in Texas vs. the Rangers, having been outscored 8-3.

“We just need to continue to set the table,” Mariners star Julio Rodríguez said. “Somebody’s gonna eat at some point.”

Seattle is starving for its Nos. 2-4 hitters — Cal Raleigh, Rodriguez and Josh Naylor — to break out of their early season slumps. The trio has combined for a .162 batting average with five home runs and 24 RBIs.

“We play a really hard game. Sometimes we’re not gonna come through there. Sometimes you’re gonna come through,” Rodriguez said. “I feel like if you play good baseball you can win at home, on the road, everywhere.”

The series opener will feature a pair of ace right-handers in the Rangers’ Jacob deGrom (1-0, 2.87 ERA) and the Mariners’ Logan Gilbert (1-2, 4.18).

DeGrom got his first victory of the season Sunday at the defending World Series champion Los Angeles Dodgers, when he allowed one run on four hits over six innings, with three walks and nine strikeouts, in a 5-2 decision.

In his start previous to that, on April 6, he got a no-decision in a 2-1 victory against the Mariners. The only hit he allowed over five innings was a solo homer by Raleigh.

In eight career starts against Seattle, deGrom is 2-2 with a 3.26 ERA.

Gilbert is 5-3 with a 2.90 ERA in 17 career starts against Texas. He took the loss in that April 6 matchup with deGrom despite giving up just two runs in six innings.

Gilbert also is coming off his first victory of the season, defeating visiting Houston 6-1 Sunday when he allowed one run on four hits over seven innings, with one walk and seven strikeouts.

–Field Level Media