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☆ Tony Bennett, legendary American singer, dies at age 96
▼ + stars: | 2023-07-21 | by ( Bill Trott | ) www.reuters.com time to read: +7 min

[1/10] Singer Tony Bennett performs during Sinatra 100 - An All-Star Grammy Concert in Las Vegas, Nevada December 2, 2015. The star-studded tribute was held to mark the would be 100th birthday of legendary performer Frank Sinatra on December 12. The comedian was so impressed that he had the singer change his name to Tony Bennett and used him as an opening act. In 2016 a statue of Bennett was unveiled outside San Francisco's Fairmont Hotel, where Bennett first performed the song some 55 years before. "Tony Bennett has not just bridged the generation gap, he has demolished it," the New York Times wrote in 1994.

Persons: Tony Bennett, Sinatra, Frank Sinatra, Steve Marcus, Bennett, Sylvia Weiner, Gaga, Beatle Paul McCartney, Aretha Franklin, Willie Nelson, Bono, Bruce Willis, John Travolta, Danny, Bob Hope, Anthony Dominick Benedetto, Joe Bari, Hope, Hank Williams, Basie, Count Basie, Cole Porter, Johnny Mercer, George, Ira Gershwin, Richard Rodgers, Lorenz Hart, Singer, Harry Belafonte, Martin Luther King Jr, Belafonte, Jesse Jackson, Ralph Sharon, Danny Bennett, Sharon, Lady Gaga, Susan Crow, Patricia Beech, Sandra Grant, Bill Trott, Brendan O'Brien, Diane Craft, Jonathan Oatis, Matthew Lewis Organizations: REUTERS, MTV, Partners, New York's Radio City Music, Columbia Records, Count Basie Orchestra, Twitter, New York Times, Thomson Locations: Las Vegas , Nevada, San Francisco, New York City, New York, Europe, New, Greenwich, Selma , Alabama, Francisco, San, Chicago

REUTERS/Anushree Fadnavis/File PhotoBENGALURU, July 20 (Reuters) - Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected 261.85 rupees ($3.19) in its demerger from Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS). At a $20 billion valuation, Jio Financial would be one of the top 40 Indian companies by market capitalisation, in a list headed by Reliance at $233 billion. The price was determined as 261.85 rupees, or the difference between 2,841.85 rupees, Reliance's closing price on Wednesday, and 2,580 rupees, its price at the end of the special session. JFS's stock price is higher than analysts' estimate of 160 rupees to 190 rupees. Reliance Strategic Investments, the unit to be renamed JFS, late on Wednesday reported a net profit after tax of 1.45 billion rupees ($17.7 million) for April-June based on revenue of 2.15 billion rupees.

Persons: Anushree, Mukesh, Chokkalingam, JFS, Ira Dugal, Savio Shetty, Savio D'Souza, Jamie Freed Organizations: Mobile, REUTERS, Jio Financial, Reliance Industries, Reliance, Macquarie Research, AAA, Reliance Strategic Investments, Thomson Locations: Pragati, New Delhi, India, BENGALURU

☆ Sustainable Aviation Fuel Leader Talks Green Premiums and Impact of Tax Incentives
▼ + stars: | 2023-07-19 | by ( Dieter Holger | ) www.wsj.com time to read: +11 min

Many airlines, corporate fliers and governments see so-called sustainable aviation fuel, or SAF, as a way to reduce aviation’s contribution to global warming. It recently converted an oil refinery in California and is expanding its refineries in Singapore and Rotterdam. We worked on a former fossil-fuel refinery and converted that into a renewable refinery. The carbon footprint of aviation can be affected today from today’s SAF technology. It will continue to incentivize current SAF production, but it will be difficult to be the impetus for future production.

Persons: P, Chris Cooper, We’ve, we’ve, Neste, Dieter Holger Organizations: Aviation, International Energy Agency, International Council, Clean Transportation, SAF, Sustainable, Neste’s U.S, Airlines, International Air Transport Association, Neste, Bloomberg New Energy Finance Summit, Dallas Fort Worth International Airport, DHL, Amazon, Marathon Petroleum, Sustainable Business, today’s SAF, Air, dieter.holger Locations: California, Singapore, Rotterdam, U.S, Neste U.S, San Francisco, Dallas, City, Oakland, Air Canada, Alaska, American, Delta, Los Angeles, San Jose, Washington, York, New York, New Jersey, . Oregon

☆ These stocks stand to gain from Biden's historic climate bill, according to BofA
▼ + stars: | 2023-07-19 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +1 min

In the almost-year since the historic climate bill was passed, 270 new clean energy projects have been announced with investments totaling $130 billion, according to a tally from Bank of America . Companies that build clean technology and their suppliers will be big winners as energy infrastructure goes through the transition from depending on fossil fuels to decarbonized sources of energy, a recent BofA research note said. In that research note, BofA identified stocks that stand to benefit from the IRA, organized by themes. The list includes only stocks that BofA has rated as "buy," and this list includes only those that have a climate tie-in. (The IRA also included some reforms to prescription drugs, but stocks related to those provisions are excluded here.)

Persons: Biden Organizations: Bank of America . Companies

July 18 (Reuters) - Johnson & Johnson (JNJ.N) sued the U.S. government on Tuesday, becoming the latest drugmaker seeking to block enforcement of a program that gives Medicare the power to negotiate drug prices. The pharmaceutical industry says the drug price negotiation program that is part of President Joe Biden's signature Inflation Reduction Act (IRA) will curtail profits and compel them to pull back on developing groundbreaking new treatments. U.S. drugmakers Bristol Myers Squibb (BMY.N), Merck & Co (MRK.N) and the U.S. Chamber of Commerce as well as industry lobbies Pharmaceutical Research and Manufacturers of America have also sued the government over the plan. The Biden administration hopes to save $25 billion annually by 2031 by having Medicare, the government health plan for people 65 and over, negotiate prices for some of its costliest medicines. Reporting by Bhanvi Satija in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Johnson, Joe Biden's, Biden, Bhanvi, Krishna Chandra Organizations: Johnson, U.S, drugmakers Bristol Myers Squibb, Merck & Co, U.S . Chamber of Commerce, Pharmaceutical Research, Manufacturers of America, Thomson Locations: Bengaluru

☆ Rodolfo Pizarro: As US soccer goes crazy over Lionel Messi’s arrival, one Inter Miami player suffers brutal consequence of superstar’s signing
▼ + stars: | 2023-07-18 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Fans turned out in their droves to watch Lionel Messi’s official unveiling as an Inter Miami player. When Pizarro signed for Inter, he filled one of the club’s three ‘Designated Player’ spots. The rule is also known as the ‘Beckham Rule’ after David Beckham – now Inter’s co-owner – became the first designated player when he joined LA Galaxy in 2007. So, with Messi signing a contract reportedly worth between $50 to $60 million per year, the 35-year-old Argentine fills one of Inter’s designated player spots. Either Inter can look to move one of their designated players on or they can “buy down” a player’s contract.

Persons: CNN —, Lionel Messi’s, Rodolfo Pizarro, Pizarro, Beckham, David Beckham –, –, Messi, Ira L, Matías Almeyda, “, ”, Messi’s, Sergio Busquets, – Messi, Busquets, Josef Martínez, Blaise Matuidi, Andrés Reyes, Leandro González Pirez, Nicolás, Julián Carranza, Jorge Mas, ” Mas, Chris Henderson Organizations: CNN, Inter Miami, Argentine, Inter, Major League Soccer, MLS, LA Galaxy, Messi, Philadelphia Union, AEK Athens, Mexican, Chivas, ” Inter, Soccer, Sporting, “ Inter Miami Locations: Argentine, Mexican, Instagram, Barcelona, America’s

☆ Old Cold War tool could help in new era of tension
▼ + stars: | 2023-07-17 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The United States may soon expand its export controls to cover semiconductors used in artificial intelligence and access to cloud computing. The People’s Republic has responded with tit-for-tat export controls on gallium and germanium, two strategic metals used in chips and other technologies where it has a dominant position. This is what the U.S. and its allies did during the last Cold War, when they established the Coordinating Committee for Multilateral Export Controls (CoCom). The United States’ subsidies for green technologies via its Inflation Reduction Act (IRA) caused tension with its allies. Its premier, Li Qiang, travelled to Germany last month hoping to persuade it not to row in behind the United States.

Persons: Joe Biden, Hung Tran, Li Qiang, –, Biden, Donald Trump, Ron DeSantis, Frances Burwell, Canada –, George Hay, Oliver Taslic, Pranav Kiran Organizations: Reuters, NATO, Soviet, Atlantic Council, Reuters Graphics Reuters, European Union, Multilateral Export Controls, United, Republican, Florida, EU, U.S, U.S . Trade, Technology Council, Twitter, Thomson Locations: Ukraine, China, Republic, U.S, Netherlands, Japan, States, United States, People’s Republic, Germany, Beijing, ’, Russia, Britain, Canada, Australia, South Korea

☆ India needs to grow at 7.6% a year for 25 yrs to be a developed nation -cenbank bulletin
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, July 17 (Reuters) - India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed nation, according to a research paper published by the central bank in its monthly bulletin on Monday. India's per capita income is currently estimated at $2,500, while it must be more than $21,664 by 2047, as per World Bank standards, to be classified as a high-income country. "It may, however, be mentioned that the best (nominal growth) India achieved over a period of consecutive 25 years in the past is a CAGR of 8.1% during 1993-94 to 2017-18." To reach that level of sustained growth, India requires investment in physical capital and reforms across sectors covering education, infrastructure, healthcare and technology, the study said. The country's industrial and services sector would need to grow at over 13% annually for these 25 years for India to achieve developed economy status, it said.

Persons: Ira Dugal, Savio D'Souza Organizations: Bank, Reserve Bank, Thomson Locations: MUMBAI, India

☆ A 31-year-old millionaire who has 7 different types of investment accounts says that his HSA is 'my favorite by far' — and explains how he's using it to build long-term wealth
▼ + stars: | 2023-07-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Of all of his different types of accounts, his favorite is his health savings account (HSA). He and Erin, who own their primary residence in Texas outright, owe $12,000 in property taxes each year, so they send $1,000 a month to a high-yield savings account to cover that expense. High-yield savings accounts, which earn multiple times more than a traditional savings account, typically return between 3.40% APY and 4.25% APY. (That's if you're under 65; after 65, you can use your HSA money to cover any expense without incurring a penalty.) HSA accounts, unlike FSAs (flexible spending accounts, which are another type of account that can help with health care costs) don't have a "use it or lose it" policy.

Persons: Brennan Schlagbaum, Erin, Brennan, Schlagbaum, Erin Schlagbaum, Dravet, It's Locations: IRAs, Texas

☆ Listen Early to This American Life: The Florida Experiment
▼ + stars: | 2023-07-15 | by ( New York Times Audio | ) www.nytimes.com time to read: 1 min

The New York Times Audio app is home to journalism and storytelling and provides news, depth and serendipity. It is available to Times news subscribers on iOS. If you haven’t already, download the app here and sign up for our weekly newsletter. Our new audio app is home to “This American Life,” hosted by Ira Glass. The app includes a “Best of This American Life” section with different acts from the show broken down into bite-size clips, so you can enjoy the show even if you don’t have a lot of time.

Persons: ”, Ira Glass, we’ve Organizations: New York Times

WASHINGTON, July 14 (Reuters) - The U.S. Environmental Protection Agency on Friday launched two competitive grant programs with $20 billion in funding that aim to spark clean energy investments across the country especially in low-income communities. A $6 billion Clean Communities Investment Accelerator competition will provide grants to support up to seven nonprofit groups that will deliver funding and technical assistance to build the clean financing capacity of local lenders working in lower income and disadvantaged communities. Not everyone supports the green bank, which stemmed from the IRA legislation's $369 billion in incentives for fighting climate change that no Republicans voted for. In June, the administration launched a $7 billion grant program to give low-income communities access to residential solar panels. The deadline for applying to the programs launched on Friday is Oct. 12.

Persons: Joe Biden's, Kamala Harris, Michael Regan, Gary Palmer, Timothy Gardner, Lincoln, Frances Kerry Organizations: Environmental Protection Agency, Reduction, Clean Investment, Communities Investment, Republicans, U.S, Thomson Locations: Michigan, Maryland

☆ Why Exxon Mobil is spending $4.9 billion on a company that pumps carbon dioxide back into the earth
▼ + stars: | 2023-07-14 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

That's a business Exxon, the biggest oil company in the US, is looking to expand. The largest US oil major said Thursday it would acquire Denbury, which has the largest network of carbon dioxide pipelines in the country, for $4.9 billion. Denbury is also in the business of what's called enhanced oil recovery, which involves using carbon dioxide to collect more oil from wells. Most of the captured carbon dioxide will likely be stored underground, however. Transporting CO2 requires pipelines, and Denbury has 1,300 miles of carbon dioxide pipelines; much of its network spans Louisiana, Texas, and Mississippi.

Persons: Denbury, what's, Joe Biden, Dan Ammann, there's, — Organizations: Exxon Mobil, Exxon, Service, Privacy, International Energy Agency, IEA, Exxon's, Carbon Solutions, Bloomberg, Denbury, United Nations Locations: Wall, Silicon, Louisiana , Texas, Mississippi, Louisiana, CCUS, US, Qatar, Australia

☆ Tumbling US dollar a boon to risk assets across the globe
▼ + stars: | 2023-07-14 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

NEW YORK, July 14 (Reuters) - Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. Because the dollar is a linchpin of the global financial system, a wide range of assets stand to benefit if it continues falling. Raw materials, which are priced in dollars, become more affordable to foreign buyers when the dollar declines. "For markets, the weaker dollar and its underlying driver, weaker inflation, is a balm for everything, especially for assets outside the U.S.," said Alvise Marino, foreign exchange strategist at Credit Suisse. Reuters GraphicsIn the world of monetary policy, the dollar's decline may be a relief to some countries, as it removes the urgency for them to support their falling currencies.

Persons: Russell, Alvise Marino, Karl Schamotta, Paresh Upadhyaya, Upadhyaya, Kenneth Broux, Helen, pare, it's, Saqib Iqbal Ahmed, Dhara Ranasinghe, Ira Iosebashvili, Leslie Adler Organizations: YORK, U.S, Federal Reserve, Investment, Goldman Sachs, Credit Suisse, Treasury, Fed, Colombian, Kazakhstan tenge, Uruguayan, Reuters Graphics, Traders, Generale, stoke, Monex USA, Thomson Locations: U.S, Polish, Corpay, Kazakhstan, Japan, Swedish

☆ Wall St Week Ahead Investors brace for earnings from ‘Magnificent Seven’ US growth giants
▼ + stars: | 2023-07-14 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

[1/5] Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. In the S&P 500, the seven stocks comprise 27.9% of the index's weight. Investors will look beyond second quarter results, said Bill Callahan, an investment strategist at Schroders. The Elon Musk-led company this month said it delivered a record number of vehicles in the second quarter. The equal-weight S&P 500 (.SPXEW), a proxy for the average stock, is modestly beating the S&P 500 over the past month -- up 3.6% versus about 3% for its counterpart.

Persons: Joshua Roberts, BofA, Bill Callahan, “ It’s, ”, Tajinder Dhillon, Tesla, Elon, Thomas Martin, Martin, Yu Ma, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: Apple Inc, REUTERS, Apple, Microsoft, Nvidia, BofA, Research, Meta, Globalt Investments, Strong U.S, BMO Wealth Management, Thomson Locations: Washington , U.S, U.S, ”

☆ Kia to invest $200 million in US plant, build EV9 SUV in 2024
▼ + stars: | 2023-07-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

July 12 (Reuters) - Kia (000270.KS) said on Wednesday it will invest more than $200 million in its assembly plant in the U.S. state of Georgia to begin production of its electric EV9 SUV next year. The Korean automaker said the company will add about 200 jobs to build the three-row SUV alongside four other models at the West Point, Georgia, plant. It will be the first Kia electric vehicle assembled in North America and comes as automakers are shifting away from gas-powered vehicles. A rising amount of electric vehicle (EV) and battery investments have been made in Georgia. Hyundai separately broke ground in October on a $5.54 billion EV and battery plant in Georgia's Bryan County.

Persons: Brian Kemp, David Shepardson, Jonathan Oatis, Matthew Lewis Organizations: Kia, Hyundai Motor Group, SK, Korean, U.S, Hyundai, SK Innovation, Ford, Georgia, Thomson Locations: KS, U.S ., Georgia, Korean, Point , Georgia, North America, Georgia's Bartow County, Georgia's Bryan County, Commerce , Georgia, Washington

☆ This automaker can navigate the EV transition better than investors think, Bank of America says
▼ + stars: | 2023-07-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

There's a buying opportunity in shares of Stellantis as the automaker navigates the electric vehicle transition, Bank of America said. Analyst Michael Jacks upgraded Stellantis to buy from neutral and raised his price target, saying there are more reasons to be positive on the Netherlands-based automaker than investors expect. We think the trajectory may prove more gradual," Jacks wrote Wednesday. STLA 1D mountain Stellantis shares 1-day Of course, there are challenges ahead for Stellantis as it, along with other EU automakers, navigate the EV transition to meet the region's Fit for 55 climate requirements and fight competition from China. "[We] believe Stellantis can weather the storm, and having already de-rated by 40% vs. 2016-19 levels, that the market is already pricing for worse," Jacks wrote.

Persons: Michael Jacks, Ram, Jacks, There's, — CNBC's Michael Bloom Organizations: Bank of America, Chrysler Locations: Stellantis, Netherlands, China, North America, Tuesday's

About Ally Invest Robo PortfoliosAlly Invest Robo Portfolios is an Ally Financial-affiliated automated account offering investing without fees for US residents. Ally Invest Robo Portfolios FeesAlly Invest Robo Portfolios doesn't charge trading fees, advisory fees, annual fees, or rebalancing. Methodology: How We Reviewed Ally Invest Robo PortfoliosAlly Invest Robo Portfolios is a robo-advisor that was reviewed using Personal Finance Insider's rating methodology for investing platforms. How Ally Invest Robo Portfolio ComparesAlly Invest Robo Portfolios vs. Fidelity GoIf you're a hands-off investor in search of automated portfolio management, Ally Invest Robo Portfolios and Fidelity Go are both popular robo-advisors. Ally Invest Robo Portfolios vs. Schwab Intelligent PortfoliosAlly Invest Robo Portfolios and Charles Schwab's most basic automated account, Charles Schwab Intelligent Portfolios, both offer competitive automated investing services.

Persons: Ally, Ally Invest's, Ally Invest, it's, It's, you'll, Roth, Charles Schwab, Schwab, Charles Schwab's, brokerages, Rickie Houston, Rickie, He's, Read, Elias Shaya, Elias, Tessa Campbell Organizations: Reading Chevron, Financial, Ally Invest, Better, Bureau, BBB, Financial Inc, Invest, IRS, Roth IRA, Investment, Vanguard, Fidelity, Finance, Schwab, Business, Boston Globe, Yahoo News, Boston University, Boston University News Service, CUNY College of, New York Presbyterian Hospital Locations: New York City, CUNY College of Staten Island, Lebanon

A Venture Global LNG spokesperson did not comment on the Shell and BP claims. Shell and BP missed out on billions of dollars in sales that went to Venture Global LNG because they were unable to get their contracted fuel, one of the people familiar with the arbitration filings said. Another Venture Global LNG contract customer, Spanish energy firm Repsol SA (REP.MC), has asked U.S. regulators to release confidential records that would shed light on the plant's startup. Founded by a former energy lawyer and investment banker, Venture Global LNG has emerged as a market force with its ability to obtain financing and rapidly build export plants. The contracts were tied to Calcasieu Pass LNG, the first of Venture Global LNG's three planned facilities.

Persons: Costas Baltas, Ira Joseph, Marwa Rashad, Curtis Williams, Scott DiSavino, Gary McWilliams, David Gregorio Our Organizations: REUTERS, Top, Shell, BP, U.S, Venture Global LNG, Venture Global, London Court, International, Edison SpA, Repsol SA, Columbia University's Center, Global Energy, Thomson Locations: Bermuda, Revithoussa, Greece, Europe, Calcasieu, London, Houston

☆ Bank of America ups price target on this little-known Inflation Reduction Act beneficiary
▼ + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Bank of America sees more upside in store for this little-known beneficiary of reshoring trends and the Inflation Reduction Act. Analyst Ruplu Bhattacharya upped the bank's price target on shares of Flex Ltd. to $31 from $28, citing its 15-year partnership to make microinverters for Enphase Energy . The analyst also highlighted the company's long-term business mix and improving margins as contributing factors to the price hike. FLEX YTD mountain Shares in 2023 "FLEX should continue to benefit from the Inflation Reduction Act (IRA) which can help spur demand for clean energy and reshoring manufacturing back to the US. Inverters are included in FLEX's core renewables business which is part of its industrial segment," he wrote in a Friday note to clients.

Persons: Ruplu Bhattacharya, Bhattacharya, — CNBC's Michael Bloom Organizations: of America, Flex Ltd, Enphase Energy

☆ Rivian options buyers may be helping drive stock higher
▼ + stars: | 2023-07-10 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +2 min

Some 831,000 Rivian options contracts traded on Monday, or two times its average daily volume. Much of the options trading has consisted of investors buying "super short-dated calls," said Daniel Kirsch, head of options at Piper Sandler, adding that the options activity had helped drive Rivian's shares higher. Large purchases of out-of-the-money call options - contracts that are not profitable but stand to gain in value as the stock climbs - can sometimes give an additional lift to a stock's price. The phenomenon has occurred with shares of various companies popular with options buyers over the last few years, from AMC to Tesla. Options on another EV name, Nio Inc , were also actively traded on Monday, making it the 10th most heavily traded individual company in the options market.

Persons: Daniel Kirsch, Piper Sandler, Kirsch, Rivian, Saqib Iqbal Ahmed, Ira Iosebashvili, Will Dunham Organizations: YORK, Rivian Automotive, AMC, Tesla, Apple Inc, Inc, Thomson Locations: U.S

☆ Investments in updating the electrical grid is entering a new phase of growth, which could benefit one stock in particular
▼ + stars: | 2023-07-10 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The effort to upgrade the U.S. power grid is heating up rapidly, according to UBS, which says the trend could be a driver for Quanta Services stock. Analyst Steven Fisher wrote in a Monday note that "electric grid investment is entering a new phase of growth, with renewables activity accelerating and large transmission projects gaining momentum." Fisher attributed the growth of these large scale projects to the IRA, which contained about $350 billion in funds for investments into renewable energy and updating the power grid. "For Quanta, we believe the implications of this new phase include potentially faster top-line growth, higher margins and increasing scope on projects," Fisher said. In addition to large transmission projects already planned, Fisher updated the list to include Oregon Public Utility Commission's Boardman to Hemmingway as well as Colorado's Power Pathway and Ready Wyoming .

Persons: Steven Fisher, Fisher, Boardman, Michael Bloom Organizations: UBS, Biden Locations: Oregon, Hemmingway, Wyoming

But the lure for OCI and others of making ammonia with a smaller carbon footprint is a business with potential beyond the farm. is the question, and I think it's a good question," OCI CEO Ahmed El-Hoshy told Reuters, when asked why his company is betting on producing so-called "blue ammonia." But even with U.S. support, blue ammonia economics hinge on further government incentives. If utility premiums don't emerge, OCI plans to use its Texas blue ammonia to make fertilizer in The Netherlands, where the company has under-utilized its plants due to high natural gas prices. OCI's Texas plant, to start production in 2025, will produce 1.1 million metric tons annually.

Persons: Ahmed El, Hoshy, Alexander Derricott, TD Cowen, JERA, Yara, Stephan Werner, Werner, Katrine Petersen, Petersen, Chris Bohn, Oystein Kalleklev, Harald Fotland, Fotland, Rod Nickel, Yuka Obayashi, Anna Driver Organizations: Reuters, OCI, REUTERS, Group, CF Industries, Gulf, CF, Yara, Mitsui, Mitsubishi, Nutrien, Investors, Germany's DWS, International Maritime Organization, Flex LNG, Avance, Victoria Klesty, Thomson Locations: Beaumont , Texas, U.S, Texas, Japan, South Korea, Netherlands, United States, El, OCI's Texas, Gulf Coast, Winnipeg , Manitoba, Oslo, Tokyo, Bengaluru

David Torres-Fuentes was 4 years old when he decided to become a clown. David Torres-Fuentes, 23, works as a professional clown and entertainer in Nashville. David Torres-Fuentes decided he wanted to become a professional clown when he was 4 years old. David Torres-Fuentes was born in Mexico and moved with his family to Nashville when he was 6. David Torres-Fuentes hopes to continue performing as a professional clown into retirement.

Persons: David Torres, Fuentes, David, Lucas Mullikin, Jacquelyn, they're, Torres, Roth, they've Organizations: CNBC, Nashville Public Library, Tennessee Performing Arts Center, Nashville Locations: Nashville, Mexico, U.S, Scotland

"We're keeping a particularly close eye on the current tensions between the U.S. and China," said Florent Menegaux, chief executive of French tyremaker Michelin. "When we see the impact that the IRA will have (on European companies), I think we haven't talked enough about it at this conference," a senior banker said. "There is a big risk that European companies will shift their investments (from Europe to the United States)." Some say the main concern is the time taken by European Union authorities to respond. "I understand the frustration, but when you look at the details of the extent to which the United States is subsidising its domestic industry, it is not greater than what the Europeans do themselves," Boushey said.

Persons: Jean, Dominique Senard, Ludovic Marin, Florent Menegaux, Menegaux, Christel Bories, Bories, Veronika Grimm, Heather Boushey, Boushey, Mathieu Rosemain, David Holmes Organizations: Renault SA, U.S, French, Michelin, Renault, European Union, Reuters, White House Council, Economic Advisers, Thomson Locations: Japan, Douai, France, PROVENCE, United States, China, Europe, Indonesia, America

☆ Listen to This American Life: Americans in Paris
▼ + stars: | 2023-07-08 | by ( New York Times Audio | ) www.nytimes.com time to read: 1 min

Persons: ”, Ira Glass, we’ve Organizations: New York Times

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