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☆ Tesla can't build in northern Mexico if water is scarce, president says
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 24 (Reuters) - Tesla Inc. would be denied permits to build a plant in the northern Mexican state of Nuevo Leon, where it has eyed investing, if water is scarce, Mexican President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador called out arid Nuevo Leon for its water scarcity earlier this week, instead touting the benefits of Mexico's poorer southern region where he has sought to increase development. In 2020, he said he would withhold permits for a Constellation Brands (STZ.N) brewery in the northern state of Baja California after criticizing the project for consuming too much water in a dry zone. On Friday, the leftist leader praised Constellation for choosing to relocate to a state in southeastern Mexico. "They understood very well," Lopez Obrador said.

☆ NASA’s $3.5 billion plan to redesign its aging spacesuits
▼ + stars: | 2023-02-22 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

NASA has been using the current spacesuits on the International Space Station for decades and they are showing their age. "The spacesuits that are being used now in the International Space Station by NASA are suits that were really designed in the '70s. Now the agency is turning to two commercial companies: Axiom Space and Collins Aerospace, a subsidiary of Raytheon Technologies , to build and maintain its new generation of spacesuits. Under the Exploration Extravehicular Activity Services Contract, or xEVAS, NASA is providing Collins and Axiom, along with a number of their industry partners, with up to $3.5 billion through 2034. NASA hopes to use this new suit on the International Space Station by 2026.

☆ NHL roundup: Ryan O’Reilly's hat trick leads Leafs
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +8 min

O'Reilly's goals -- his first since joining Toronto in a trade with St. Louis last Friday -- marked his fourth career hat trick. John Tavares added a goal and three assists, William Nylander had a goal and an assist, and Michael Bunting also scored for Toronto. 700, has collected nine points (five goals, four assists) during a six-game point streak. The Canucks scored goals just 51 seconds apart late in the third period to tie it 4-4. Tampa Bay stretched its franchise-record home point streak to 15 games (14-0-1).

☆ Jennifer McClellan makes history as the first Black woman elected to Congress in Virginia
▼ + stars: | 2023-02-22 | by ( Zoë Richards | ) www.cnbc.com time to read: +4 min

Democrat Jennifer McClellan has made history as the first Black woman elected to represent Virginia in Congress, NBC News projected Tuesday. McClellan, a state senator, defeated Republican Leon Benjamin in Tuesday's special election in the 4th Congressional District. McClellan was heavily favored to win in the reliably blue district, which covers Richmond and reaches counties bordering North Carolina. She said her commitment to voting rights stems in part from the challenges family members faced in their efforts to vote. In 2021, as Republican-led states passed legislation to restrict voting rights, McClellan co-sponsored Virginia's voting rights law to protect elements of the Voting Rights Act the Supreme Court struck down in 2013.

U.S. District Judge Paul Diamond's order in Philadelphia federal court granted a request by Unisys to depose Leon Gilbert and Michael McGarvey, former leaders of Unisys' "digital workplace solutions" business unit. Representatives for France-based Atos and lawyers for Gilbert and McGarvey did not immediately respond to messages on Wednesday seeking comment. Unisys in a court filing said that "this case involves the theft of huge quantities of Unisys trade secrets," including technologies and business strategies for digital workplaces. Attorneys for Gilbert and McGarvey disputed the allegation and said "Unisys has not identified a single trade secret." The case is Unisys Corp v. Leon Gilbert and Michael McGarvey, U.S. District Court for the Eastern District of Pennsylvania.

☆ Mexico president flags water-scarcity of northern state eyed for Tesla plant
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] An aerial view shows a part of the urban area in the state of Nuevo Leon, where Tesla could build a new electric car plant, in San Pedro Garza Garcia, Mexico December 19, 2022. "There are favorable conditions in Nuevo Leon. Lopez Obrador said he would emphasize to Tesla the need for careful planning around water, electricity and other services, noting certain northern zones ban water extraction while the southeast holds 70% of Mexico's water. Lopez Obrador has made it a priority to draw investment to southern Mexico, which has lacked the level of industrialization that has flourished along Mexico's northern border. Following Lopez Obrador's remarks on Monday, Nuevo Leon Economy Minister Ivan Rivas said water access had not been an issue for companies or held back investment, according to Mexican outlet Milenio.

☆ NHL roundup: Avs come from behind to down Oilers in OT
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +5 min

Compher had a goal and three assists, and Nathan MacKinnon posted a goal and two helpers for Colorado. Valeri Nichushkin, Logan O'Connor and Artturi Lehkonen also scored, Samuel Girard had two assists and Alexandar Georgiev turned away 35 shots. Leon Draisaitl and Tyson Barrie each had a goal, Cody Ceci had two assists and Jack Campbell made 37 saves. Ridly Greig scored his first NHL goal, Claude Giroux had two assists and Mads Sogaard made 30 saves. Wild 4, Predators 3Ryan Hartman scored with 21 seconds remaining, and Minnesota defeated Nashville after surrendering a two-goal, third-period lead.

Hidalgo, just outside Mexico City, is hundreds of miles from the border yet land and labor costs are lower. The United States and Canada have formally entered a trade dispute over Mexico's energy policy. It remains unclear exactly what Tesla's investment in Mexico will look like and what the company plans to produce in the country. Yet Mexico's capacity for a nearshoring boom has been held back by Lopez Obrador, particularly his energy policies, analysts said. Reporting by Diego Ore and Daina Beth Solomonin Mexico City Additional reporting by Kylie Madry in Mexico City Editing by Stephen Eisenhammer and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla's Musk to hold call with Mexico president, factory announcement imminent -Ebrard
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 17 (Reuters) - Electric vehicle maker Tesla Inc (TSLA.O) will soon confirm it has chosen Mexico as a location for a new plant, and CEO Elon Musk is planning to speak with Mexican President Andres Manuel Lopez Obrador, Mexico's top diplomat said on Friday. He declined to give a time for the phone call or the location for Tesla's Mexico investment. "It will be talked about in the call," said Ebrard, who spoke at an event with Mexican business leaders. Several potential sites have been pitched for Tesla's move to Mexico, with Lopez Obrador saying earlier this month that the states of Nuevo Leon and Hidalgo were leading the race. Reporting by Ana Isabel Martinez in Mexico City Additional reporting by Daina Beth Solomon in Mexico City Writing by Kylie Madry and Stephen Eisenhammer Editing by Brendan O'Boyle and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ From Rihanna to Chloë Sevigny, Fashion Week Prioritized Charisma Over Clothes
▼ + stars: | 2023-02-16 | by ( Rory Satran | ) www.wsj.com time to read: +1 min

In “Iron Man 3,” superhero Tony Stark is haunted by the existential question of whether the suit makes the man or the man makes the suit. The fashion industry depends on the former—selling clothing that it promises can transform and complete you. And recently, garments have continually trumped their wearers, with interchangeable influencers modeling attention-grabbing trends like micro-kilts, Big Red Boots and bra tops. But these past few days at New York Fashion Week, the message is that, though fashion can help, ultimately it’s the wearer that elevates a look. Even larger-than-life Rihanna in a notably casual, yet punchy, Super Bowl halftime look echoed the theme from afar.

☆ NHL roundup: Auston Matthews' return boosts Leafs
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +4 min

[1/6] Feb 15, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs right wing William Nylander (88) battles for the puck with Chicago Blackhawks defenseman Caleb Jones (82) in front of Blackhawks goaltender Petr Mrazek (34) during the third period at Scotiabank Arena. Mandatory Credit: Nick Turchiaro-USA TODAY SportsFebruary 16 - Auston Matthews had a goal and an assist in his return after missing five games with a sprained knee, helping the Toronto Maple Leafs earn a 5-2 win over the visiting Chicago Blackhawks on Wednesday night. The Maple Leafs went 2-3-0 while Matthews was out. Conor Timmins added a goal, and the Maple Leafs goalie Ilya Samsonov made 27 saves. Lazar and defenseman Oliver Ekman-Larsson left due to lower-body injuries, and goalie Arturs Silovs stopped 22 shots in his NHL debut.

☆ NHL roundup: Golden Knights score five in third to rout Ducks
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +3 min

[1/5] Feb 12, 2023; Las Vegas, Nevada, USA; Vegas Golden Knights left wing William Carrier (28) controls the puck in front of Anaheim Ducks defenseman Dmitry Kulikov (29) during the second period at T-Mobile Arena. Paul Cotter and Brett Howden also scored goals for Vegas, which increased its Pacific Division lead to three points with its third consecutive victory. Adin Hill made 23 saves for the Golden Knights to improve to 5-0-1 all-time against the Ducks. Isac Lundestrom had a goal and an assist and Frank Vatrano also scored for Anaheim. Jordan Eberle had one goal and one assist and Eeli Tolvanen added a goal for the Kraken, who snapped a three-game losing streak.

☆ At Mexico's Chichen Itza site, researchers discover ancient 'elite' residences
▼ + stars: | 2023-02-11 | by ( Lorenzo Hernandez | ) www.reuters.com time to read: +2 min

[1/5] A general view of "Casa de La Luna" during a media tour to Chichen Viejo at the archaeological site of Chichen Itza, in Piste, Mexico February 10, 2023. Archaeologist Francisco Perez Ruiz said there were no known residential groups in Chichen Itza, meaning the housing complex would represent "the first residential group where a ruler lived with his entire family." The area, known as Chichen Viejo, is expected to be integrated in the near future into the visitor area of the Chichen Itza archaeological site, a UNESCO World Heritage Site. "There must be more residential groups that have not been explored yet. Around 2 million people visit Chichen Itza site in southeast Mexico each year, according to official data.

☆ NHL roundup: Lightning win Cup Final rematch vs. Avs
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +5 min

In the first meeting between the clubs since last June's Stanley Cup Final, Vasilevskiy stopped 30 shots to extend his franchise-record shutout total to 29. Hagel had two goals and an assist to lead the Lightning offensive output as they broke a two-game skid (0-1-1). Boeser, Oliver Ekman-Larsson and Nils Aman added goals for the Canucks. Nicolas Roy, Alex Pietrangelo and Paul Cotter also scored for the Golden Knights while Jonathan Marchessault added two assists. Red Wings 2, Flames 1Filip Zadina scored his first goal of the season after missing over three months as host Detroit edged Calgary.

Cooperman says he voted for Biden in 2020, but he accused Democrats of deliberately misleading people about how the billionaire tax proposal would work. The billionaire tax proposal is "completely dead on arrival," said Charles Myers, a 2020 bundler for Biden's presidential campaign and the chairman of Signum Global, an investment advisory firm. Myers said the purpose of Biden's billionaire tax announcement, however, was never to jumpstart a negotiation in Congress. But for some in the party, Biden's billionaire tax contains a fatal flaw. With plans for a billionaire tax stalled in Washington, wealth tax advocates and activists are turning to the states.

☆ Spain's Constitutional Court rules in favour of 13-year-old abortion law
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

MADRID, Feb 9(Reuters) - Spain's Constitutional Court on Thursday upheld a 13-year-old law that allows women to abort on demand within the first 14 weeks of pregnancy, after the divisive issue resurfaced following a regional far-right party's effort to limit abortion access. "The Abortion Law is constitutional," Equality Minister Irene Montero said on Twitter, adding that "never again will 13 years go by in which a single women's right is questioned". Since the abortion law was passed, there was a failed attempt to restrict rights in 2014 by the conservative government of Prime Minister Mariano Rajoy. The proposal caused a big turmoil, with the central government threatening to step in if the region restricted women's rights. Women's rights are back under the international spotlight after the U.S. Supreme Court overturned the constitutional right to terminate pregnancies in 2022.

☆ Binance exec suggests an audit of the world's largest crypto exchange is still a ways off amid calls for greater transparency after FTX disaster
▼ + stars: | 2023-02-08 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

FTX's crash prompted calls for a full audit of rival Binance's assets and liabilities. "Added transparency around assets in custody is now a market demand," a Binance spokesperson told Insider. Binance may be a ways off from a full financial audit amid calls for transparency after the fallout of rival crypto exchange FTX, according to the company's Asia-Pacific head Leon Foong. Binance has never conducted a full financial audit. "Added transparency around assets in custody is now a market demand," a spokesperson added.

☆ All you need to know about ChatGPT, the A.I. chatbot that's got the world talking and tech giants clashing
▼ + stars: | 2023-02-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

ChatGPT is an AI chatbot developed by San Francisco-based startup OpenAI. These are tools that allow users to enter written prompts and receive new human-like text or images and videos generated by the AI. With a whopping 175 billion parameters, GPT-3 is one of the largest and most powerful language processing AI models to date. watch nowWhat makes ChatGPT so impressive is its ability to produce human-like responses, thanks in no small part to the vast amounts of data it is trained on. No generative AI application has quite managed to achieve the kind of influence and virality that ChatGPT has.

☆ Mexico president says two locations primed for new Tesla plant
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 8 (Reuters) - Mexican President Andres Manuel Lopez Obrador said Wednesday that electric carmaker Tesla's (TSLA.O) new plant could be installed in either the states of Nuevo Leon or Hidalgo. Lopez Obrador referred to both states as a possibility when asked about the firm's plans, which Tesla has not yet commented on, during a regular news conference. Mexican presidential spokesman Jesus Ramirez said last month Tesla is considering setting up an assembly plant near the new Mexico City airport, which would serve as an export hub for the firm. Tesla's Chief Executive Elon Musk had previously been eyeing a potential investment in the northern state of Nuevo Leon bordering Texas, according to media reports and officials who spoke to Reuters last year. Reporting by Valentine Hilaire; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

☆ Unilever to build Mexico plant as part of $400 mln investment
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 7 (Reuters) - Unilever Plc (ULVR.L) will build a manufacturing plant in the northern Mexican border state Nuevo Leon as part of a $400 million investment in the country over the next three years, the company said on Tuesday. The plant, which will be located in Salinas Victoria on the outskirts of Monterrey, will manufacture beauty and personal care products, Unilever said. Unilever already operates four plants in the country, which is a key center for exports to other nations, the company said. The newest plant is set to open in 2024, Unilever said. Reporting by Kylie Madry in Mexico City Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Russian diesel prices fall in Europe despite latest ban
▼ + stars: | 2023-02-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

“Those stocks should act as a buffer against the immediate loss of Russian diesel imports,” Williams said. However, he added that the United States could redirect some of its current diesel exports to South America to Europe, with Russian diesel then “find[ing] a home” in South America. OilX’s Crosby noted that there are “many more” potential buyers of Moscow’s diesel compared with its crude exports. “Most Russian diesel barrels will manage to make it to global markets,” he said. “The notion that Russian diesel will have a very hard time finding new homes is beginning to lose credibility.”— Julia Horowitz contributed reporting.

☆ Britain’s NHS was once idolized. Now its worst-ever crisis is fueling a boom in private health care
▼ + stars: | 2023-02-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

Private hospital groups flourishTo keep up with growing demand for their services, private health care providers are expanding at a rapid clip. CEO Justin Ash estimates that the market for private health care in the United Kingdom has doubled since before the pandemic to 15 million people. Ash said that appetite for private health care spans a much broader set of ages and incomes than in the past. “We’ve clearly moved into a world in which we’re all NHS patients but have episodes of private care,” he said. There is no universal health care in America and most people have private health insurance because health care is very expensive.

☆ ExodusPoint's 2022 struggles is a lesson for all of Wall Street: Play the hits
▼ + stars: | 2023-02-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

I shudder to compare some of the greatest artists of our generation to a hedge fund, but I can't help but notice some similarities between their disdain for their biggest hits and ExodusPoint's difficult 2022. The hedge fund, which still holds the industry's largest launch in history, ended the year with fewer assets, employees, and PMs than it started with. The world's biggest hedge fund has a new co-CIO. Ken Griffin, the billionaire owner of hedge fund Citadel, is causing quite the stir over his suggestion that a historic home on a property he owns in Miami be relocated. The firm continues to cut back on the size of a venture-capital fund its raising, The Wall Street Journal reports, with a new goal of $5 billion.

Kannon Shanmugam of Paul, Weiss, Rifkind, Wharton & Garrison represented PayPal, while CFPB senior counsel Christopher Deal represented the regulator. The CFPB created its Prepaid Rule to offer consumers legal protections on prepaid accounts similar to those on products such as checking accounts, including the ability to challenge payment errors, unauthorized transactions and fraud. Chief Judge Sri Srinivasan and Circuit Judge Cornelia Pillard joined Rao's decision. The appeals court returned the case to Leon to consider PayPal's other challenges to the Prepaid Rule, including constitutional and administrative law claims. Circuit Court of Appeals, No.

☆ Jeffrey Epstein's estate says it's not responsible for Leon Black allegedly raping a woman at Epstein's apartment
▼ + stars: | 2023-02-02 | by ( Ashley Collman | ) www.businessinsider.com time to read: +3 min

Lawyers representing Jeffrey Epstein's estate want out of a sex assault lawsuit against Leon Black. Cheri Pierson claims Epstein set up a massage for Black, where Black raped her in 2002. Epstein's lawyers say there isn't enough evidence that Epstein was negligent. "Plaintiff does not even clearly allege that Epstein was at the townhouse when the alleged rape occurred," lawyers for Epstein's estate wrote. Pierson claims that Epstein knew Black had "sexual deviant needs," but the Epstein lawyers said that's too "vague" an assertion, and "does not establish that Epstein knew or should have known that Black was a rapist who would rape" her.

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