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☆ ‘Hanging by a Thread’: U.N. Chief Warns of Missing Key Climate Target
▼ + stars: | 2024-06-05 | by ( Raymond Zhong | ) www.nytimes.com time to read: +1 min

With the planet in the grips of its highest temperatures in more than 100,000 years, scientists with the United Nations weather agency have crunched the numbers and come to a stark conclusion: More record-hot years are all but inevitable. The chances are almost as great that, in at least one of these five calendar years, the average global temperature will be 1.5 degrees Celsius, or 2.7 degrees Fahrenheit, higher than it was at the dawn of the industrial age. That’s the level of warming that countries set out to avoid under the 2015 Paris Agreement. “The target of limiting long-term global warming to 1.5 degrees Celsius is hanging by a thread,” the United Nations secretary general, António Guterres, said in a speech in New York City on Wednesday. He called for urgent action in a number of areas, including slashing carbon dioxide emissions and adopting renewable energy, helping poor countries finance their climate plans, and clamping down on the fossil fuel industry.

Persons: there’s, António Guterres Organizations: United Nations, World Meteorological Organization Locations: Paris, New York City

☆ How Electric Car Batteries Might Aid the Grid (and Win Over Drivers)
▼ + stars: | 2024-06-05 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

Electric cars are more expensive than gasoline models largely because batteries cost so much. But new technology could turn those pricey devices into an asset, giving owners benefits like reduced utility bills, lower lease payments or free parking. Automakers would make money by serving as intermediaries between car owners and power suppliers. Millions of cars could be thought of as a huge energy system that, for the first time, will be connected to another enormous energy system, the electrical grid, said Matthias Preindl, an associate professor of power electronic systems at Columbia University. “They will interact more in the future, and they can potentially support one another — or stress one another.”

Persons: Matthias Preindl, “ We’re, Preindl, “, ” Organizations: Ford Motor, General Motors, BMW, Columbia University

☆ When Hydropower Runs Dry
▼ + stars: | 2024-06-04 | by ( Manuela Andreoni | ) www.nytimes.com time to read: +1 min

Global pollution from electricity generation was set to fall last year, thanks to the growth of renewable energy. Hydropower, the biggest source of renewable energy in the world, was crippled by lack of rain in several countries last year, driving up emissions as countries turned to fossil fuels to fill the gap. To cope with the electricity shortfall, China and India turned to coal plants, and Colombia to natural gas. In China, the worst-hit country, hydroelectricity generation saw the steepest fall in the past two decades, according to the I.E.A. This year, the dip in hydropower has continued in some countries, including Ecuador and Turkey, as temperatures continue to shatter records.

Persons: Ivan Penn Organizations: International Energy Agency Locations: China, India, Colombia, Ecuador, Turkey, Canada, United States

☆ EU elections: How Russian trolls are meddling in the world’s second-biggest democratic vote
▼ + stars: | 2024-06-04 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +11 min

There is a focus on fake stories to influence attitudes on subjects like the wars in Ukraine and Gaza. But for the past year, the climate crisis has been the second-most targeted subject, according to the European Digital Media Observatory (EDMO). Official statistics, however, tell a different story: In 2022, renewables accounted for 23% of the energy consumed in the EU. The EU is considered a global leader in tackling planet-heating pollution, but climate disinformation could undermine the bloc’s ambitious goal to reduce carbon emissions by 90% by 2040, compared with 1990 levels. Its community standards policy in the past had only targeted video, but in April, it was expanded to include audio.

Persons: Morgan Wright, “, streetlights, Paula Gori, ”, Gori, EU DisinfoLab, Wright, Gaizka Iroz, they’ve, “ They’ve, ” Gori, Pallavi Sethi, ’, —, Facebook —, ” Wright Organizations: CNN, European Union, EU, Guardian, Bild, European Digital Media, Facebook, Getty, West, Grantham Research, London School of Economics, stoke, Services, European, Meta Locations: European, Russia, United States, United Kingdom, American, Europe, Germany, Ukraine, Gaza, EU, Spain, France, Biriatou, AFP, Africa, Asia, industrializing, Gori, Italy, Croatia, Poland, England, Grantham, Prague, Russian, Slovakia, Moscow

☆ As Mexico’s New President, Claudia Sheinbaum Must Stop the Violence - The New York Times
▼ + stars: | 2024-06-03 | by ( Ioan Grillo | ) www.nytimes.com time to read: +2 min

In a village in the hills of Guerrero State, residents ran from their homes as drones flew overhead, dropping makeshift bombs. This violence is the most formidable challenge that Claudia Sheinbaum, whom the nation has just elected by a huge margin to be its first female president, will have to confront when she takes power in October. The run-up to the election was one of the most violent campaigns in Mexico’s recent history. Ms. Sheinbaum did not put this bloodshed at the core of her campaign. A 61-year-old environmental engineer and a member of the governing Morena party, Ms. Sheinbaum won the vote on promises to continue social programs of the current president, her mentor Andrés Manuel López Obrador, known as AMLO.

Persons: Claudia Sheinbaum, Sheinbaum, Andrés Manuel López Obrador Locations: Guerrero State, Mexico, Morena

☆ Power demand is expected to surge. Play it for the long term with these dividend-paying stocks, Wells Fargo says
▼ + stars: | 2024-06-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

A sector of the stock market beloved by income investors could ride the wave of rising energy consumption over the long run, according to Wells Fargo. After 15 years of relatively flat power demand, Wells Fargo sees a compound annual growth rate of 2.6% through 2030 and 80% growth by 2050. The development bodes well for a group of utilities – and Wells Fargo called out some of its overweight-rated plays on the power trend for the long run. Wells called out the 10-year site plan NextEra subsidiary Florida Power & Light submitted to the state's public service commission. The stock's price "[reflects] a level of optimism," Wells Fargo analysts said, but "we think there is a case for further outperformance."

Persons: Neil Kalton, Wells Fargo, Wells, Duke, NextEra, it's Organizations: Duke Energy, Carolinas, Florida Power, Constellation Energy, Constellation, Microsoft, NRG Energy Locations: Wells Fargo, U.S, South Carolina, North Carolina, Virginia, Wells

☆ Claudia Sheinbaum profile: Who is the veteran politician set to be Mexico’s first female president?
▼ + stars: | 2024-06-03 | by ( Kathleen Magramo | Tara John | ) edition.cnn.com time to read: +6 min

Born in Mexico City in 1962, she has two children and one grandchild. In 2018, she became the head of government of Mexico City, the first woman elected to this position. Current and former US officials have frequently described the relationship between President Joe Biden and Mexico’s President Andrés Manuel López Obrador as friendly and professional — and anticipate a productive relationship with Mexico’s next president. But Mexico’s election also comes at a critical time for the Biden administration. One of the considerations in rolling out a new border executive action was doing so after Mexico’s election.

Persons: Claudia Sheinbaum, Andrés Manuel López Obrador, Mitofsky, Sheinbaum, Jesús María Tarriba, López Obrador, Andres Manuel Lopez Obrador, Alfredo Estrella, López, Will Freeman, “, ” Freeman, Freeman, Joe Biden, Donald Trump, Mexico’s, Biden, — Organizations: CNN, Bank of, Environment, Federal, Mexico City, Getty, Defense, Council, Foreign Relations, Biden Locations: Mexico City, Morena, Bank of Mexico, Andrés, Tlalpan, Mexico, AFP, Sheinbaum

☆ Goldman thinks this solar stock has more to run after an 80% rally in 2 months
▼ + stars: | 2024-06-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

First Solar still has substantially room to run even after rallying about 80% over the past two months, with tailwinds from tariffs and data center demand on the horizon, according to Goldman Sachs. Goldman raised its stock price target for First Solar by nearly $31 to $302 per share, implying 11% upside from Friday's close of $271.76. First Solar is also party to a trade case that could result in the imposition of tariffs on solar module manufacturers from four Southeast Asian nations. Goldman has estimated that power demand from data centers will more than double to 8% of total U.S. consumption by 2030. Goldman sees First Solar's earnings per share increasing by about 20% in 2027 if the company adds a new plant.

Persons: Goldman Sachs, Goldman, Brian Lee, Biden, FSLR TAN, Lee Organizations: Goldman, Amazon, Microsoft, Brookfield Asset Management, hasn't Locations: U.S, China, Indiana

☆ Saudi Arabia is trying to build the largest linear city ever. It's a visionary but flawed concept, urban planners say.
▼ + stars: | 2024-06-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

Although recent reports suggest the plans have been scaled back, the 2.4km still due to be built will be the largest linear city in existence if it is completed. The Spanish architect Arturo Soria is widely credited with designing the first linear city, "La Ciudad Lineal," in 1882 on the outskirts of Madrid. "Linear cities are an extreme form of urban dispersal — community development and social cohesion still need centrality," Gold told BI. A linear city may not have this capability," explained Lovgreen. In my opinion, linear city schemes are best left as design exercises for third-year architectural students," Gold said.

Persons: —, Arturo Soria, Le Corbusier, Mikhail Okhitovich, Mona Lovgreen, Lovgreen, Adhya, Bland, I'm, John Gold Organizations: Service, Business, Lawrence Technological University, Ciudad, Oxford Brookes University Locations: Saudi Arabia, Spanish, Madrid, Swiss, French, Magnitogorsk, Neom, Paris, Portland, Saudi, NEOM, Tabuk Province

☆ Mexico election: What to know about a historic presidential race
▼ + stars: | 2024-06-01 | by ( Aditi Sangal | ) edition.cnn.com time to read: +6 min

Here’s who is running for president:Claudia SheinbaumThe 61-year-old Sheinbaum is a former Mexico City mayor and climate scientist. A longtime political ally of incumbent President Andrés Manuel López Obrador, she was the Mexico City environment secretary from 2000-2006 when he was mayor. Her close alignment with López Obrador has been both a blessing and a curse politically. (López Obrador has repeatedly dismissed whispers that he favors a candidate that he could influence, telling press in February that he would “retire completely” after his term.) For a relative newcomer, Galvez’s entry into the presidential race has gained impressive momentum, experts say.

Persons: Here’s, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, López Obrador, she’s “, “, Lopez, •, Xóchitl, Vicente Fox, • Galvez, ” Jorge Álvarez Máynez, Jorge Álvarez Máynez, San Pedro Garza García, • Máynez, López, Myriam Guadalupe Castro Yáñez, Greg Abbott, Gálvez, CNN’s Rafael Romo, David Shortell Organizations: Mexico City, National Guard, PRI, PAN, Federal Electricity Commission, Institute for Economy, National Migration Institute, National School of Social, National Autonomous University of Mexico, Texas Gov, Washington Locations: Mexico City, Chiapas, Guanajuato, Jalisco, Morelos, Puebla, Tabasco, Veracruz, Yucatán, Mexico, San, prohibitionism, UNAM, Texas, United States

☆ Hurricane season will bring 4 to 7 major storms, NOAA predicts. How to prevent catastrophic damage to your home
▼ + stars: | 2024-06-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +12 min

With scientists predicting yet another active year for storms, making your home hurricane resistant has become a more valuable precaution. "Already, we are seeing storms move across the country that can bring additional hazards like tornadoes, flooding and hail," he said. A separate forecast from hurricane researchers at Colorado State University predicts an "extremely active" hurricane season in 2024 due to record-warm tropical and eastern subtropical Atlantic sea surface temperatures. If installing new hurricane windows isn't in the budget, shutters are lower-cost options to protect windows and other openings, said Chapman-Henderson. Talk to your insurer about possible discounts Strengthening your home against disasters may help lower your insurance cost.

Persons: Irma, Warren Faidley, Alicia Silverstone, Erik A, Hooks, Phil Klotzbach, Klotzbach, Jeff Ostrowski, Leslie Chapman, Henderson, Jennifer Languell, Chapman, Kin, Melissa Cohn, William Raveis, Bankrate's Ostrowski, Ostrowski, Loretta Worters, Worters, Languell Organizations: Getty, Atmospheric Administration, NOAA, Finance, Federal Emergency Management Agency, Hurricanes, Colorado State University, Department of Atmospheric, Fluid Dynamics, Climate, Energy Solutions, Swiss, Massachusetts Institute of Technology, Federal Alliance, Safe, Safe Homes, Department of Energy, Trifecta, William Raveis Mortgage, Insurance, Institute, Homeowners Locations: Miami , Florida, U.S, windstorms, Florida, In Florida, Alabama, Louisiana, dsireusa.org

☆ Opinion | Oil and Gas Companies Are Trying to Rig the Marketplace
▼ + stars: | 2024-06-01 | by ( Andrew Dessler | ) www.nytimes.com time to read: +1 min

Many of us focused on the problem of climate change have been waiting for the day when renewable energy would become cheaper than fossil fuels. Well, we’re there: Solar and wind power are less expensive than oil, gas and coal in many places and are saving our economy billions of dollars. In the United States alone, the amount of solar and wind energy capacity waiting to be built and connected to the grid is 18 times the amount of natural gas power capacity in the queue. Instead, fossil fuel interests — including think tanks, trade associations and dark money groups — are often preventing the market from shifting to the lowest cost energy. Similar to other industries from tobacco to banking to pharmaceuticals, oil and gas interests use tactics like lobbying and manufacturing “grass-roots” support to maximize profits.

Persons: it’s Organizations: Tobacco Locations: United States

☆ Best energy and utility stocks to own for rest of year, according to UBS
▼ + stars: | 2024-05-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

In a Thursday note, analyst Josh Silverstein listed the firm's "most compelling" buy-rated stocks to own across the energy and utilities sectors, including Suncor Energy , Coterra Energy , SLB , NextEra Energy and First Solar . Energy and utilities sectors are faring well this year, gaining 12.5% and 8.9%, respectively, while the broader market has advanced about 9.3%. His $90 price target suggests shares could jump 15.1%. First Solar is another favorite of UBS, which assigned the stock a $350 price target that implies 26.5% upside. Other energy and utility favorites UBS named include Coterra and Suncor Energy .

Persons: Josh Silverstein, William Appicelli, Jon Windham, —, SLB Organizations: UBS, Suncor Energy, Coterra Energy, NextEra Energy, . Energy, Big Tech Locations: Schlumberger

☆ Electricity From Coal Is Pricey. Should Consumers Have to Pay?
▼ + stars: | 2024-05-31 | by ( Minho Kim | ) www.nytimes.com time to read: +1 min

For decades, environmentalists fought power plants that burn coal, the dirtiest fossil fuel, by highlighting their pollution: soot, mercury and the carbon dioxide that is dangerously heating the planet. But increasingly, opponents have been making an economic argument, telling regulators that electricity produced by coal is more expensive for consumers than power generated by solar, wind and other renewable sources. And that’s been a winning strategy recently in two states where regulators forbade utilities from recouping their losses from coal-fired plants by passing those costs to ratepayers. The Sierra Club and the Natural Resources Defense Council, two leading environmental groups, are hoping that if utilities are forced to absorb all the costs of burning coal, it could speed the closures of uneconomical plants. The groups are focused on utilities that generate electricity from coal and also distribute it.

Persons: that’s Organizations: Sierra Club, Natural Resources Defense Council

☆ Goldman Sachs names top global stocks to play the coming power boom in AI and other areas
▼ + stars: | 2024-05-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The artificial intelligence boom is fueling demand for power, with many tech companies rapidly developing infrastructure as they compete for dominance. Data centers house vast amounts of computing power needed for AI workloads, and are intense power-guzzling workhorses. But the need for power goes beyond data centers and other infrastructure, according to Goldman. Goldman cited studies which showed that AI data centers can consume up to 10 times the energy of their regular counterparts. Taiwan's tech industry extends across a "comprehensive global AI supply chain," with tech manufacturers consuming a "substantial" amount of power.

Persons: Goldman, — CNBC's Michael Bloom Locations: Asia, China, Taiwan, South Korea, India, South Korea's, Power, Australia

☆ The thinking person's AI trade: There's a cheap, under-the-radar sector generating historically strong returns — and these 8 stocks are Goldman Sachs' top picks
▼ + stars: | 2024-05-31 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

It marks the often-unloved group's third-best showing since 2002, according to Goldman Sachs. Utilities aren't just an AI playOther than their understated connection to AI, utilities are attractive on a valuation basis and as a defensive hedge, according to Goldman Sachs. AdvertisementHowever, utilities are cheap compared to the high-single-digit earnings growth they're expected to produce in the next several years. Goldman SachsBesides being discounted relative to their future growth, utilities serve as a hedge against lower economic growth. AdvertisementOf the 16 utilities stocks covered by Goldman Sachs analysts, only half have a buy rating from the firm.

Persons: —, Goldman Sachs, Carly Davenport, Ryan Hammond, Bill Gross, Sebastien Page, Rowe Price, it's, Page, Goldman, Hammond Organizations: Service, Utilities, Business, Nvidia, Microsoft, Goldman, Federal Reserve

☆ Renewable energy is big part of red state economies, it's hard to gut that: Doug Kimmelman
▼ + stars: | 2024-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRenewable energy is big part of red state economies, it's hard to gut that: Doug KimmelmanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Doug Kimmelman, Brian Sullivan, “ Organizations: CNBC

☆ The plastics industry says chemical recycling could help banish pollution. It’s ‘an illusion,’ critics say
▼ + stars: | 2024-05-30 | by ( Laura Paddison | ) edition.cnn.com time to read: +11 min

CNN —A squat, light-colored building in Tigard, Oregon, was supposed to be part of a game-changing new solution for the global plastics industry. And unlike mechanical recycling, where the quality of the product declines each time, chemical recycling promises virgin-quality plastics. Chemical company Dow says it plans to build multiple chemical recycling facilities in the US and Europe, adding as much as 600,000 tons (1.2 billion pounds) of recycling capacity by 2030. “Mechanical recycling simply uses less energy and chemicals than does chemical recycling, making it overall cheaper and less environmentally impactful,” she said. With that kind of industry pressure, said Congdon, it’s easy to see why chemical recycling may be attractive to policymakers.

Persons: Jennifer Congdon, Congdon, “, ”, Big, Yuri Cortez, Davis Allen, what’s, isn’t, Taylor Uekert, Chaideer Mahyuddin, Mike Kemp, Brightmark, NREL’s Uekert, Allen, ” Congdon Organizations: CNN, Regenyx, Plastics, Getty, Climate Integrity, Companies, Chemical, Dow, Oil, Exxon, American Chemistry Council, National Renewable Energy Laboratory, Beyond Plastics, ACC, Center Locations: Tigard , Oregon, Venezuela, AFP, Europe, Asia, Banda Aceh, Indonesia, London, Baytown , Texas, Ashley , Indiana, Macon, Bibb , Georgia, Indiana, The Indiana

☆ The Right Kind of Tipping Point
▼ + stars: | 2024-05-30 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

It’s worth dwelling on the significance of what could be a remarkable inflection point. For centuries, the burning of coal, oil and gas has produced huge volumes of planet-warming gasses. This projection is in roughly in line with other estimates, including a recent report from Climate Analytics. Thanks to the rapid build-out of wind and solar power plants, particularly in China, global emissions from the power sector are set to decline this year. Last year, the amount of renewable energy capacity added globally jumped by almost 50 percent, according to the International Energy Agency.

Organizations: Climate Analytics, International Energy Agency Locations: China

☆ Haiti gets a new prime minister as nation remains under siege by gangs
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +5 min

Conille has been UNICEF's regional director for Latin America and the Caribbean since January 2023 and previously served as Haiti's prime minister from October 2011 to May 2012 under then President Michel Martelly. He replaces Michel Patrick Boisvert, who was named interim prime minister after Ariel Henry resigned via letter in late April. He worked for several years at the United Nations before Martelly designated him as prime minister in 2011. It also accused the council of not being transparent while choosing a new prime minister, saying it did not publicly share the criteria used or the names submitted, among other things. In addition to picking a new prime minister, the council also is responsible for selecting a new Cabinet and holding general elections by the end of next year.

Persons: Garry Conille, Henry, Conille, Michel Martelly, Michel Patrick Boisvert, Ariel Henry, Louis Gérald Gilles, Laurent St . Cyr, Prince, Martelly, Fritz Bélizaire, Critics, Liné Balthazar, Emmanuel Vertilaire, Petit, Jean, Charles Moïse, Smith Augustin, Claude Joseph, Fritz Alphonse Jean of, Leslie Voltaire, Fanmi Lavalas, Bertrand Aristide, Edgard Leblanc Fils, Laurent Saint, Cyr Organizations: Associated Press, United Nations, Montana Accord, Petit Desalin, EDE Locations: Kenya, America, Caribbean, Laurent, Haiti, Port, Haitian, Montana

☆ ConocoPhillips is buying Marathon Oil in $22.5 billion deal
▼ + stars: | 2024-05-29 | by ( Mark Thompson | ) edition.cnn.com time to read: +2 min

ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt. Marathon Oil shareholders will receive 0.255 ConocoPhillips shares for each Marathon share they own, representing a 14.7% premium to the closing price on Tuesday. Shares of Marathon (MRO) were up more than 10% in premarket trade, while Conoco (COP) stock was down about 2%. “This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory,” Ryan Lance, ConocoPhillips CEO, said in a statement. Until 1962, Marathon Oil was called The Ohio Oil Company, which was founded in 1887 and was bought two years later by John D. Rockefeller’s Standard Oil.

Persons: Hess, ” Ryan Lance, John D, Lee Tillman, ” Tillman Organizations: London CNN, Big Oil, ConocoPhillips, Oil, Marathon Oil, Occidental, Diamondback Energy, Endeavor Energy Partners, Marathon, Financial Times, Devon Energy, Ohio Oil Company Locations: Conoco, Houston, multibillion

☆ Saudi Arabia Eyes a Future Beyond Oil
▼ + stars: | 2024-05-29 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

At a two-hour drive from Riyadh, Saudi Arabia’s capital, rows of solar panels extend to the horizon like waves on an ocean. Looking out over 3.3 million panels, covering 14 square miles of desert, Faisal Al Omari, chief executive of a recently completed solar project called Sudair, said he would tell his children and grandchildren about contributing to Saudi Arabia’s energy transition. Although petroleum production retains a crucial role in the Saudi economy, the kingdom is putting its chips on other forms of energy. Sudair, which can light up 185,000 homes, is the first of what could be many giant projects intended to raise output from renewable energy sources like solar and wind to around 50 percent by 2030. Currently, renewable energy accounts for a negligible amount of Saudi electricity generation.

Persons: Faisal Al Omari, I’m, ”, Karim Elgendy Organizations: Middle East Institute Locations: Riyadh, Saudi, Washington

☆ UBS says this battery systems company is an 'under-appreciated beneficiary' of the AI-driven data center boom
▼ + stars: | 2024-05-29 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors looking for new ways to capitalize on artificial intelligence should look at Fluence Energy , according to UBS. "FLNC is an under-appreciated beneficiary of increasing AI data center driven electricity demand as a leading supplier of utility-scale battery systems," analyst Jon Windham said. The firm reiterated its buy rating on the energy storage stock alongside a $32 per share price target. Fluence Energy is the second-biggest battery supplier at the utility level in the U.S. behind Tesla, UBS noted. "The more data centers consume electricity, the larger the arbitrage opportunity becomes, driving more demand for energy storage systems," the analyst said.

Persons: Jon Windham, Tesla, Windham Organizations: Fluence Energy, UBS, Energy, Nvidia, Data Locations: U.S

☆ An intensifying Republican-led legal campaign alleging big advertisers colluded to defund conservative media is rankling the ad industry
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Judiciary Committee's probe has sought documents related to discussions about advertising on "The Joe Rogan Experience" podcast. GARM and its members developed a "brand safety floor and suitability framework" for the industry to adopt. Jordan and the House Judiciary Committee issued wide-ranging subpoenas to both GARM and the WFA last year as part of the probe. The CEOs were also told to preserve all existing and future records related to their companies' work with GARM. Advertisement"GARM's members and board members are senior advertisers," a marketing executive close to GARM said.

Persons: —, Jim Jordan, GARM, Sherman, Jordan, Ørsted, Joe Rogan, Elon, Vivian Zink, Ørsted didn't, Rob Rakowitz, Unilever —, Breitbart, Joe Rogan's, Ben Shapiro, Michael Brochstein, Jim Jordan's, Lou Paskalis, Ad Fontes Media's Paskalis, Paskalis Organizations: Service, Global Alliance, Responsible Media, Business, Spotify, Syfy, NBCU, Getty, World Federation, YouTube, WFA, Diageo, GroupM, Procter, Gamble, Unilever, Steer Team, Fox News, Daily, Republican, Federalist, US Department of State, Ad Fontes Media Locations: Ohio, GARM, Jordan, Texas

6:27 a.m.: UBS hikes First Solar price target, sees 25% upside There's a rosy outlook ahead for First Solar , according to UBS. Analyst Jon Windham cited a more supportive pricing environment as one reason for the price target change. The investment bank upgraded the airline to buy from hold, lifting its price target to $65 from $54. — Lisa Kailai Han 5:41 a.m.: Bank of America reiterates Apple as a top pick Apple shares could get a boost as consumers upgrade to AI-enabled phones, according to Bank of America. Analyst Wamsi Mohan reiterated his view that Apple is a top pick, maintaining his buy rating and price target of $230.

Persons: Jon Windham, Windham, Lisa Kailai Han, Scott Gruber, Gruber, LBRT, — Lisa Kailai Han, Morgan Stanley, SLB, Daniel Kutz, Kutz, Jefferies, Sheila Kahyaoglu, Kahyaoglu, Wamsi Mohan, Mohan, Fred Imbert Organizations: CNBC, United Airlines, Apple, United, Jefferies, Bank of America, UBS, Citi, Liberty Energy, of Liberty Energy, Nvidia Locations: Tuesday's, OFS, United

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