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By law, the agency isn’t supposed to consider the impact on polluting industries. In practice, it does — and those industries are warning of dire economic consequences. Under the Clean Air Act, every five years the E.P.A. Fine particulate matter is extremely dangerous when it percolates into human lungs, and the law has driven a vast decline in concentrations in areas like Los Angeles and the Ohio Valley. But technically there is no safe level of particulate matter, and ever-spreading wildfire smoke driven by a changing climate and decades of forest mismanagement has reversed recent progress.
Persons: Biden, Trump, Jeffrey D Organizations: Environmental Protection Agency, Act, White House Locations: Los Angeles, Ohio
Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday. Discussions with potential customers such as electric vehicle and battery manufacturers are ongoing, Exxon said in a statement. The lithium operation comes as the major oil companies are under pressure to address climate change. Exxon views lithium as a decadeslong investment with high growth potential as the U.S. shifts to electric vehicles, Ammann said. The U.S currently has just one commercial-scale lithium production operation, in Nevada.
Persons: Dan Ammann, Ammann, " Ammann, CNBC's Organizations: Exxon Mobil, Exxon, Shell, BP, CNBC, . Geological Survey, U.S, Li, Department of Energy, Electric, Cox Automotive Locations: Arkansas, U.S, Argentina, Chile, Nevada
Nomura has a price target of 315 yuan — for an upside of nearly 67% from Friday's close. Even after trimming their price target on the buy-rated stock, the analysts have a price target of 266 yuan — just over 40% upside from Friday's close. They have a price target of 284 yuan, or 50% upside from Friday's close. More products coming to market The company already has just over a third of the global EV battery market, with more products on the way, according to Counterpoint Research. Li Auto, which reported record deliveries in October that beat out Tesla , is launching its first purely battery-powered vehicle in December — with a new CATL battery called Qilin.
Persons: That's, Nomura, CATL, FactSet, Peter Richardson, Li Auto, Tesla, — CNBC's Michael Bloom Organizations: Amperex Technology, BMW, Tesla, Union, HSBC, Revenue, VW, Mercedes, Benz, EV, Jefferies, Research, Chery, UBS Locations: Shenzhen, Friday's, EU, Thuringia, Hungary, , Jiangxi
CNN —A “crazy amount of emotions” ran through TJ Oshie’s mind as he watched footage of what would be American hockey player Adam Johnson’s final moments on the ice. The English Ice Hockey Association has announced that all players must wear neck guards from the start of next year, and the Pittsburgh Penguins, Johnson’s former NHL team, are mandating neck guards for their minor league players, coach Mike Sullivan has said. In the NHL, neck guards – let alone neck coverings of any kind – are not a common sight. “I think there is a machismo within ice hockey where you’re seen as being something less if you choose to wear more protective equipment,” ice hockey broadcaster Seth Bennett tells CNN Sport. Warroad’s neck guards are fitted with Kevlar and steel components, ensuring that they have enough stiffness to stay upright and offer effective coverage around the neck.
Persons: , Adam Johnson’s, Johnson, Oshie, , ” Oshie, , “ I’m, Johnson’s, Mike Sullivan, Bruce Bennett, Tanyka Rawden, Seth Bennett, Bennett, Gary Bettman, Stanley, ” TJ Oshie, Patrick Smith, Jason Olden, Olden, we’ve, it’s, ” Mary, Kay Messier, Messier, aren’t, Teddy Balkind, Richard Zednik, Clint Malarchuk, ” Malarchuk, Rick Stewart, Dr, Mike Stuart, ” Stuart, there’s, Stuart Organizations: CNN, TJ, NHL’s Washington Capitals, CNN Sport, Capitals, New York Islanders, Sheffield, Nottingham Panthers, Panthers, Sheffield Steelers, Ice Hockey Association, Pittsburgh Penguins, NHL, New York Rangers, Madison, Garden, Getty Images, , Ice Hockey Federation, USA Hockey, Washington Capitals, Columbus Blue Jackets, , Bauer Hockey, ” Bauer Hockey, Florida Panthers, Buffalo Sabres, Athletic, Montreal Canadiens, Memorial, Protective, National Hockey League Locations: American, Sheffield, Buffalo
Does Eli Lilly deserve to trade at a premium to Novo Nordisk shares? LLY YTD mountain Eli Lilly shares since the start of the year. According to Shin, Lilly deserves a premium to Novo Nordisk because its portfolio is more diverse and it has less exposure to insulin. NVO YTD mountain Novo Nordisk shares year to date In the coming weeks, Lilly will start rolling out Zepbound to patients. Novo Nordisk is scheduled to release the full results of its Select cardiovascular trial at the American Heart Association conference.
Persons: Eli Lilly, James Shin, Shin, Lilly, We're, Lilly's, Zepbound, Wegovy, Chris Schott, Karsten Munk Knudsen, Novo, Schott, AstraZeneca, Eccogene, David Ricks, — CNBC's Michael Bloom Organizations: Novo Nordisk, Deutsche Bank, Biotech, Pharma, Centers for Disease Control, Novo, CNBC, American Heart Association Locations: U.S, GLP, Novo, Denmarkt
CNN —President Biden’s highly anticipated meeting with Chinese President Xi Jinping is set for next Wednesday in the San Francisco Bay Area, senior US administration officials said, setting up a test of whether the two men can slow a downward spiral in relations at a moment of heavy global turbulence. It includes restoring military-to-military communication between the two countries, a chief objective for Biden, who plans to press Xi on the issue. Despite a deep and apparently warm personal relationship cultivated during their time as vice presidents, Biden and Xi have overseen a deterioration in US-China relations to the lowest level in decades. That meeting was intended to establish a baseline for the relationship amid heightened economic and military tension. Ahead of next week’s meeting, US Treasury Secretary Janet Yellen invited Chinese Vice Premier He Lifeng, known as the country’s “economic tsar,” for a two-day meeting starting Thursday.
Persons: Biden’s, Xi Jinping, aren’t, Biden, Xi, , Bonny Lin, “ Rather, Nancy Pelosi, Antony Blinken, Janet Yellen, Gina Raimondo, Wang Yi, Jake Sullivan, Han Zheng, ” Han Organizations: CNN, San Francisco Bay Area, White, Communist Party, Biden, China Power Project, Center for Strategic, International Studies, US National, Washington, Bloomberg Locations: San Francisco Bay, Ukraine, Washington, Beijing, Israel, South, Taiwan, California, China, Russia, United States, Bali, Singapore
Moscow has sought deals to buy back helicopter engines it previously sold to other countries. The second-largest supplier of military equipment behind the US, Russia is ramping up military production to replenish the arsenal depleted in its war against Ukraine.
Organizations: Ukraine Locations: Moscow, Russia
China's consumer prices dip back into decline amid limp demand
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +3 min
BEIJING, Nov 9 (Reuters) - China's consumer prices swung back into contraction and factory-gate deflation persisted in October as domestic demand struggled, weighing on the outlook for any broader-based recovery in the world's second-largest economy. The headline figure was dragged by a further slump in pork prices, down 30.1%, speeding up from a 22% slide in September, amid an oversupply of pigs and weak demand. Consumer prices slipped into deflation in July and returned to positive territory in August but were flat in September. "The data shows combating persistent disinflation amid weak demand remains a challenge for Chinese policymakers," said Bruce Pang, chief economist at Jones Lang Lasalle. "We expect China's economy to grow by 5.0% in 2023, in accordance with the target set by authorities, followed by 4.0% growth in 2024 and 2025," said Moody's on Thursday.
Persons: China's, Bruce Pang, Jones Lang Lasalle, Gao, Ella Cao, Ryan Woo, Sam Holmes Organizations: National Bureau of Statistics, Jones, Authorities, Thomson Locations: BEIJING, China, Beijing, West
On Wednesday, organizers of the Dotdash Meredith Union took a step to show they're ready to escalate their efforts. Dotdash Meredith sources requested anonymity to speak freely about the status of negotiations and the union's thinking, citing sensitivity over the ongoing talks. Dotdash Meredith spokespersons did not respond to requests for comment. "We've spoken to management across the table and we've appealed to their common sense," a second union source said, adding, "People should see this as us saying, 'We've tried to bargain. The union sources said workers are seeking a provision to prevent the use of AI in generating journalistic content, but the publisher had so far refused to agree to such a clause.
Persons: Dotdash Meredith —, Meredith Union, We're, that's, Dotdash Meredith, , Meredith, Leah Wyar Romito, Martha Stewart, we've, We've, That's, Wyar, Leah Wyar, we're, Leah, Romito, Neil Vogel, Dotdash, Vogel Organizations: Entertainment, company's Entertainment, Zoom, People, TV, National Labor Relations Board, Dotdash Meredith Union, NLRB, New York Times Locations: Manhattan, Wyar, New York
The U.N. has previously noted that 1.5 degrees Celsius is viewed as being "the upper limit" when it comes to avoiding the worst consequences of climate change. The COP28 climate change summit is fast approaching, with a host of world leaders and high-profile public figures — including Pope Francis and King Charles III — set to attend. The IEA's report also mentioned the importance of "ramping up electrification" before touching upon the need to find solutions that benefit all. But "this package of global measures provides crucial ingredients for any successful outcome from the COP28 climate change conference in Dubai in December." "I encourage decision makers around the world to take this report's findings into account — in the lead-up to the COP28 climate change conference in Dubai later this year and beyond."
Persons: , COP28, Pope Francis and King Charles III —, Fatih Birol Organizations: International Energy Agency, COP21, United Arab Emirates, Energy, World Energy, Fatih Locations: Germany, Paris, Dubai
"For the first time, customers will be able to shop Amazon's Facebook and Instagram ads and check out with Amazon without leaving the social media apps," an Amazon spokesperson said in a statement. Amazon said last month that sales in its online ad business grew 26% from a year earlier in the third quarter to $12.06 billion. By partnering with Amazon, Meta can make it easier to allow shops to sell goods on Facebook and Instagram without creating custom storefronts on those apps. Meta provided some details about the new feature on Tuesday on a support page titled "Purchase with Amazon without leaving Facebook or Instagram." "You can check out with Amazon without leaving Facebook or Instagram, and experience more relevant ads."
Persons: Mark Zuckerberg, that's, Stuart McMullin, Maurice Rahmey, Rahmey, , Annie Palmer Organizations: Meta, Facebook, Amazon, LinkedIn, CNBC Locations: Menlo Park , California, U.S, Pinterest
Amazon Prime members just got cheaper healthcare
  + stars: | 2023-11-09 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Amazon has announced that Prime subscribers will get $100 off membership of its healthcare service. AdvertisementAdvertisementAmazon has rolled out a new perk for Prime members: cheaper healthcare. The company has announced that customers who pay for Amazon Prime will now be able to get $100 off access to its One Medical healthcare service. Membership of One Medical, which usually costs $199 annually, will be available to Prime members for $99 a year. The new benefits, which started on Wednesday, allow Prime members to access 24/7 virtual care with One Medical.
Persons: , Amazon, Andy Jassy Organizations: Amazon, Service, Amazon Prime, Healthcare
Airbus noted that supply-chain issues are making it harder to procure some spare parts, raw materials. Photo: stephane mahe/ReutersAirbus posted higher revenue and earnings for the third quarter and backed its guidance for the year, sticking to plans to deliver 720 commercial planes and ramping up production of its A350 wide-body aircraft despite lingering supply-chain snags. The European plane maker had delivered 559 aircraft to customers by the end of October, meaning it will need to send out 161 planes in November and December to hit its annual target. Airbus had originally hoped to achieve 720 deliveries last year but was forced to shelve that goal due to supply-chain woes.
Persons: stephane mahe Organizations: Airbus, Reuters Airbus
With the economy slowing and adding fewer jobs, banks are anticipating more consumers could default on credit-card payments and mortgages, hurting profits. "(Canadian banks) are running a little bit tighter in capital than they have in the past," said Adrienne Young, director of corporate credit research at Franklin Templeton Canada. "I don't see them having to go out and raise equity... I think the banks will use other tools in their toolbox before having to go and raise equity," said Maria Gabriella Khoury, analyst at credit-ratings agency Fitch. "They are doing that.. to make sure banks are holding more capital as we potentially head into a downturn," Colangelo said.
Persons: Banks, Adrienne Young, Maria Gabriella Khoury, Fitch, Robert Colangelo, Colangelo, Anthony Visano, Nivedita Balu, Rod Nickel Organizations: TORONTO, Franklin Templeton, " Bank of Nova, Scotiabank, BMO, Equity, DSB, Royal Bank of Canada, RBC, HSBC Canada, Kingwest, Thomson Locations: Franklin Templeton Canada, " Bank of Nova Scotia, U.S, Toronto
And over the past decade, governments and businesses have made progress in weaning themselves from fossil fuels by ramping up wind and solar power, for example, and investing in electric vehicle infrastructure. Yet the report issued on Wednesday, led by researchers at the Stockholm Environment Institute, found that nations of the world plan to keep increasing coal production until 2030, and oil and gas production decades beyond that. The world was also set to overshoot, by 69 percent, the amount of fossil fuels consistent with limiting warming to 2 degrees Celsius. Beyond those thresholds, the world faces the danger of irreversible and catastrophic damage from climate change, scientists say. The authors partly credited nations’ nascent efforts to rein in their emissions under the 2015 Paris Agreement, and the rapid growth in clean energy.
Organizations: Stockholm Environment Institute Locations: Stockholm, Paris
Gaza and Jerusalem CNN —Thousands of Palestinians fled northern Gaza on Wednesday, traveling miles on foot through the battered enclave in a growing exodus prompted by Israel’s intensified ground and air campaign. It was the fifth day in a row that the IDF opened an evacuation window, and numbers of people fleeing south have increased each day. Israel has been ramping up its offensive inside Gaza, following the October 7 attacks that left 1,400 people in Israel dead. Israeli Defense Minister Yoav Gallant claimed Tuesday that IDF troops were at the “heart of Gaza City” and targeting Hamas infrastructure and commanders there. A satellite image shows groups of people walking along Salah a-Din road as they evacuate south from Gaza City.
Persons: Israel’s, , Salah Eddin, Gazans, Israel, Yoav Gallant, ” Gallant, , , Salah, ” Hani Bakhit, feeing, ” Khader Hamad, Ahmed Zakot, ” Abu Ida, I’m, Al Shifa Organizations: Jerusalem CNN, Israel Defense Forces, IDF, UN, CNN, Israeli, Maxar Technologies, Reuters, AP People Locations: Gaza, Jerusalem, Israel, Gaza City, Wadi Gaza,
A rapid transition to green energy sources would prevent a lot of disability and early death, researchers say. In the year 2050 alone, the transition's impact amounts to 181 million future years of healthy human life, a new report found. Add to that list 181 million years of healthy human life — annually. Mohammad Ponir Hossain/ReutersDisability-adjusted life years, or DALYs, capture years of life affected by disability and years lost to premature death. If the world rapidly transitions to renewables, they found, the energy system will still hurt human health enough in 2050 to lead to early death and disability that affects 30 million years of human life.
Persons: Martin Meissner, it's, Stephanie Roe, WWF's, Mohammad Ponir Hossain, Nick Oxford, Dylan Martinez, Jonathan Buonocore, Buonocore, Lyu, Roe Organizations: Service, Wildlife Fund, Boston Consulting, Reuters, American Lung Association . Mines, Harvard, Boston University School of Public Health, WWF, China News Service, Getty, International Energy Agency, Stanford Locations: Haltern, Germany, Dhaka, Bangladesh, Texas, Fujian Province, China
Elon Musk's desire to launch Tesla's humanoid robot, Optimus, by 2027 may be closer to reality. Tesla's website shows more than 50 adverts for roles with Tesla Bot in the title. AdvertisementAdvertisementElon Musk has high aspirations for Tesla's humanoid robot, Optimus. Some of the roles listed, which are to be based in Palo Alto, California, include "Humanoid Controls Engineer, Tesla Bot," "Systems Design & Integration Engineer, Tesla Bot," and various other Tesla Bot engineers. But with some US-based competitors already testing humanoid robots in warehouses, Tesla may have some catching up to do.
Persons: Elon, Tesla, , Elon Musk, Musk, Optimus, Apptronik, Jeff Cardenas Organizations: Service, Optimus, NASA, Robotics Locations: Palo Alto , California, . Texas, Oregon, Seattle
Cloud computing platform DigitalOcean is at an attractive entry point, according to Goldman Sachs. Analyst Gabriela Borges upgraded DigitalOcean to buy from sell and maintained her price target of $33, which implies the stock could jump 38.4% over the next 12 months. Borges cited the stock's significant underperformance — DigitalOcean is up nearly 6% this year, while the Nasdaq Composite has gained 30% — as an opportunity for investors. The underperformance has likely been driven by a cyclical normalization in cloud optimization spending, according to Borges. Borges noted overhang from DigitalOcean's ongoing search for a new CEO since late August.
Persons: Goldman Sachs, Gabriela Borges, DigitalOcean, Borges, DigitalOcean's, — CNBC's Michael Bloom Organizations: Nasdaq
Mykhailo Fedorov said drones hit an "absolute record" of 335 Russian positions from Oct 30 to Nov 6. AdvertisementAdvertisementUkraine's "army of drones" is pounding Russian forces at an unprecedented rate, hitting an "absolute record" number of Russian targets last week, a Ukrainian official said. Between October 30 and November 6, Ukrainian airborne drones claimed a record 335 Russian targets. The unverified figures said that in the record week Ukraine also destroyed 36 tanks, 83 armored combat vehicles, 18 self-propelled artillery systems, and 72 trucks. Since the start of the war, Ukraine has extensively developed and used drones to target Russian soldiers , destroy Russian tanks worth millions, and damage ships .
Persons: Mykhailo Fedorov, , Fedorov, Melissa Haring, They're Organizations: Service, Ukraine's, Digital Transformation, Atlantic Council, Associated Press Locations: Russia, Ukraine, Ukrainian, China
The growing reliance on 401(k) plans as a source of urgent cash is further evidence of consumer financial stress heading into the 2024 election year. Despite high GDP and low unemployment, some Americans are clearly facing a cash crunch and struggling to pay the bills. Bank of America said the number of 401(k) participants taking hardship distributions increased by 27% from the first quarter of this year. Bank of America found 401(k) contribution rates were steady during the third quarter at 6.5%. Just under 3% of those age groups are cutting back on their retirement savings.
Persons: Lisa Margeson, America’s Margeson, , Gen Organizations: New, New York CNN, Bank of America, Bank of, New York Federal, ” Bank, America’s Locations: New York
Selling more hybrid and electric trucks and improving the fuel efficiency of Ram combustion models is critical to Chrysler parent Stellantis. A Hemi V-8 will still be offered in Ram heavy-duty trucks. The company has not disclosed future production plans for light-duty Ram Classic trucks, which are based on previous generation Ram designs. Stellantis has previously said it will sell an all-electric Ram pickup called the Ram Rev starting in late 2024. The all-electric Ram REV has a 168 kWh battery pack in the base model that costs thousands more.
Persons: Steve Marcus, Ram, Ford, Stellantis, Tim Kuniskis, Joe White, Matthew Lewis Organizations: REUTERS, Rights DETROIT, American, Chrysler, Detroit, Silverado, General Motors, GM, Ford, GMC, Thomson Locations: Las Vegas , Nevada, U.S, Detroit, Sierras
Russia has been ramping up strikes on civilians along the Dnipro, a Ukrainian official told CNN. The region's spokesperson said it is a sign Russia fears new Ukrainian raids on its eastern bank. AdvertisementAdvertisementIn recent months, Russia has been pummeling the eastern Kherson region with upgraded, powerful glide bombs , mostly targeting civilian infrastructure. AdvertisementAdvertisementTolokonnikov said the higher rates of attacks suggest Russia is growing concerned that Ukrainian troops will soon recapture the eastern bank of the Dnipro. AdvertisementAdvertisementThe destruction of the Nova Kakhovka dam in June, which flooded the region, did not stop Ukraine's efforts to retake the eastern bank, as Insider previously reported.
Persons: Oleksandr Tolokonnikov, , Tolokonnikov, Hans Petter Midttun Organizations: CNN, Service, Centre of Defence, Euromaidan Press, Defense Forces of, Armed Forces, Institute for Locations: Russia, Dnipro, Kherson, Kherson City, Ukraine, Defense Forces of Southern Ukraine, Nova
China revealed its bold plans to mass produce "advanced-level" humanoid robots by 2025. The MIIT believes that humanoid robots will be as "disruptive" as smartphones and electric vehicles. AdvertisementAdvertisementChina revealed ambitious plans to mass produce humanoid robots, which it believes will be as "disruptive" as smartphones. For example, Chinese startup Fourier Intelligence said it would start mass producing its GR-1 humanoid robot by the end of this year, South China Morning Post reported. Even Tesla is developing its own humanoid robots called Optimus, or Tesla Bot, as Elon Musk revealed in 2021.
Persons: , that's, Damion Shelton, Tesla, Elon Musk, Musk Organizations: China's Ministry of Industry, Information Technology, Service, Bloomberg, Intelligence, China Morning Post Locations: China, Shanghai, Oregon, Seattle
CNN —The technology behind viral AI chatbot ChatGPT just got a whole lot smarter. Microsoft CEO Satya Nadella, an early partner of OpenAI, joined Altman on stage to discuss how his company continues to infuse GPT technology into its suite of 365 tools. Similar to plugins, GPT can connect to databases, be used in emails or facilitate e-commerce orders, the company said. A digital ecosystemOpenAI is also rolling out a GPT Store, starting later this month, to allow GPTs to become searchable. “We are just as annoyed as all of you, probably more, that GPT’s knowledge of the world ended in 2021,” he added.
Persons: ChatGPT, OpenAI, Sam Altman, Satya Nadella, Altman, , “ I’ve, , ” Altman, Arun Chandrasekaran, “ GPTs, you’ll Organizations: CNN, Fortune, Microsoft, Adobe, Gartner Research Locations: San Francisco, what’s
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