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☆ FEC lets Peter Thiel-funded super PAC off the hook
▼ + stars: | 2024-05-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Super PACs, which can accept unlimited donations, are legally barred from coordinating with or donating directly to politicians' campaigns. Advertisement"I'm gratified that a bipartisan group at the FEC has rightly rejected this baseless, headline-seeking complaint," Luke Thompson, the executive director of the super PAC, told Business Insider. "This super PAC was keeping him afloat as a candidate with research, messaging ideas, and all of the stuff that basically allowed him to remain viable." In recent years, it's become increasingly common for campaigns and super PACs to use public websites to get around existing campaign finance laws. Those materials had been funded by Never Back Down, a super PAC supporting the Florida governor.

Persons: —, Republican Sen, JD Vance's, Peter Thiel, Donald Trump, Vance, Ellen Weintraub, Luke Thompson, Jonas Edwards, Jenks, Saurav Ghosh, they're, Ghosh, who's, Tim Ryan, Thiel, David Sacks, Rebekah Mercer, it's, Ron DeSantis's Organizations: Service, Commission, Republican, PAC, Campaign, Citizens United, Business, Legal, Citizens, Democratic, FEC, End Citizens, GOP Senate, Florida Gov, Florida Locations: Ohio, Florida

☆ Hawaiian Airlines' parent surges on $1.9 bln buyout deal with Alaska Air
▼ + stars: | 2023-12-04 | by ( Ananta Agarwal | ) www.reuters.com time to read: +2 min

Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. REUTERS/Marco Garcia/File Photo Acquire Licensing RightsDec 4 (Reuters) - Shares of Hawaiian Holdings (HA.O), the parent of Hawaiian Airlines, nearly tripled on Monday after Alaska Air Group (ALK.N) agreed to acquire it for $1.9 billion, including debt. Hawaiian Holdings hasn't reported an adjusted profit in three yearsAlaska and Hawaiian said on Sunday the deal, valued at $929.4 million on an equity basis, will expand their networks and offer more choices to passengers. The deal will enable Alaska to grow in the lucrative Asia Pacific market, while Hawaiian customers can travel non-stop to the U.S. mainland, Becker added. Shares of Seattle-based Alaska Air were down 17.6%.

Persons: Daniel K, Marco Garcia, TD Cowen, Helane Becker, Becker, Craig Jenks, Biden, Ananta Agarwal, Shivansh, Krishna Chandra Eluri Organizations: Airlines, Inouye, REUTERS, Hawaiian Holdings, Hawaiian Airlines, Alaska Air Group, Airbus, Alaska Air, Holdings, Sunday, Asia, Airline, Aircraft, U.S . Justice, JetBlue, Spirit Airlines, Thomson Locations: Honolulu , Hawaii, U.S, Maui, Alaska, Asia Pacific, New York, premarket, Seattle, Bengaluru

☆ At COP28, US announces rule to slash powerful planet-warming gas by nearly 80%
▼ + stars: | 2023-12-02 | by ( Ella Nilsen | ) edition.cnn.com time to read: +4 min

The oil and gas industry is one of the main sources of global methane emissions, according to the International Energy Agency. The new US rule, which will be implemented by the EPA, is expected to slash methane emissions by nearly 80% through 2038, compared to what they would have been without the rule. The rule will crack down on methane leaks from industry in several ways. It will also rely on independent, third-party monitoring – using satellites and other remote-sensing technology – to find very large methane leaks. “The easiest way to stop that pollution is to stop sending it to flares in the first place.

Persons: CNN —, Biden, Michael Regan, Ali Zaidi, Regan, Harris, Zaidi, Carrie Jenks, Jon Goldstein, ” Goldstein Organizations: CNN, White, International Energy Agency, Biden, Harris Administration, Harvard Law School’s, Energy Law, “, Environmental Defense Fund Locations: Dubai

☆ Short Sellers Upended a Small Farm Real-Estate Company. This Is What It Looked Like.
▼ + stars: | 2022-09-25 | by ( Justin Baer | Photographs Taylor Glascock For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Andy Jenks, a sixth-generation Illinois farmer, owns shares in a small real-estate investment trust called Farmland Partners but rarely thought about them. That morning, a writer going by the name Rota Fortunae published an article on an investing website, Seeking Alpha, alleging Farmland was at risk of insolvency. Some investors had shorted the company, betting Farmland’s stock was poised to decline. It did, and by the end of the day, Farmland was down 39%. It took more than two years for the share price to recover.

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