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☆ As the hype around 'solid-state' EV batteries grows, UBS reveals the global stocks to cash in
▼ + stars: | 2023-11-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

UBS has identified the stocks set to benefit from the growth of next-generation "solid-state" battery electric vehicles. Solid-state batteries are viewed as a potential breakthrough technology because they can store more energy than lithium-ion batteries and charge faster. Toyota's targets for solid-state batteries are about double the capacity of the longest-range Tesla vehicles. The automaker's planned transition to solid-state batteries for its EVs by the late 2020s makes the company's stock an attractive investment, according to the investment bank. The table below shows some of the global stocks best positioned to capitalize on the shift to solid-state batteries, according to UBS: UBS named Toyota Industries , which has already partnered with Toyota Motor on developing lithium-ion batteries, as another stock that could benefit from the shift to solid-state batteries.

Persons: Kohei Takahashi, Morgan Stanley, — CNBC's Michael Bloom Organizations: UBS, Toyota, Nissan, Honda, Toyota Industries, Toyota Motor, Mitsui Mining & Smelting, Sumitomo Metal Mining

They said some battery operators are already supplying back-up power to grids at a price competitive with gas power plants, meaning gas will be used less. British independent Carlton Power dropped plans for an 800 million pound ($997 million) gas power plant in Manchester, northern England, in 2016. MODELS UNDER SCRUTINYDevelopers can no longer use financial modelling that assumes gas power plants are used constantly throughout their 20-year-plus lifetime, analysts said. Many countries world-wide, but especially in Europe, provide payments for standby power plants through capacity markets. In Europe, 40 million electric vehicles are expected by 2030, capable of displacing around one third of the region's gas power capacity, according to Kaluza.

Persons: Andrew Boyers, Carlton Power, Keith Clarke, Clarke, Carlton, Nigel Scott, Banks, Simon Virley, Helen Sanders, Sanders, Carlton's Clarke, Sarah McFarlane, Susanna Twidale, Simon Webb, Barbara Lewis Organizations: REUTERS, U.S, Global Energy Monitor, Power Ventures, Carlton, Carlton Power, Reuters, Sumitomo Mitsui Banking Corporation, Investors, Electricity, KPMG, Union, Octopus Energy, Thomson Locations: Finedon, Britain, Europe, United States, New Jersey, Manchester, England, London

☆ Honda’s new scooter is also the box it comes in
▼ + stars: | 2023-11-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —There are lots of electric scooters available today in a huge range of styles and prices. Honda’s original micro-bikeThe real inspiration was the Honda Motocompo, a tiny motorcycle Honda offered for a few years in the early 1980s. Peter Valdes-Dapena trying Honda's new electric scooter, the Honda Motocompacto. Its memory inspired someone in Honda’s California design studio –- someone Honda won’t name because he’s left the company –- to sketch out a modern version. Also giving you confidence will be the seriously sturdy latches locking the seat, handle bars and wheels in place before you start riding.

Persons: Honda, Peter Valdes, he’s Organizations: CNN, Honda Locations: United States, Honda’s California, footpegs

☆ Moldovan president's allies score well in local polls
▼ + stars: | 2023-11-19 | by ( Alexander Tanas | ) www.reuters.com time to read: +3 min

Sandu warned before the election that pro-Russian forces in the country, particularly fugitive business magnate Ilan Shor, had funnelled money into Moldova to "buy" voters. Shor's allies were barred from running two days before the first round and he complained from exile in Israel that the ruling had cost him electoral success. An independent won in Comrat, a town in the south where one of Shor's allies had won a regional vote earlier this year. Ion Ceban, running under a party he founded, was re-elected mayor of the capital Chisinau in the first round, though the president's supporters suggest he may hold pro-Russian sympathies. Reporting by Alexander Tanas; Editing by Ron Popeski and Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Maia Sandu, ZAK BENNETT, Maia Sandu's, Sandu, Ilan Shor, Shor's, Ion Ceban, Igor Grosu, Shor, Arina Korsicova, Alexander Tanas, Ron Popeski, Will Dunham Organizations: USAID, Democracy, Ford Foundation Center, Social Justice, 78th United Nations General, Rights, Sunday, European Union, Sandu's Party of Action, Solidarity, Socialist Party, PAS, Constitutional, The Organization, Security, Cooperation, Thomson Locations: New York City, U.S, Rights CHISINAU, Moldova, Russian, Ukraine, Romania, Israel, Moldova's, Balti, Russia, Comrat, Calaras, Chisinau, Europe

The logo of Sumitomo Metal Mining Co is pictured at the company's headquarters in Tokyo, Japan, September 13, 2018. REUTERS/Ritsuko Shimizu/File Photo Acquire Licensing RightsTOKYO, Nov 16 (Reuters) - Japan's Sumitomo Metal Mining (5713.T) is considering producing cathode battery materials in the United States among other options as it looks to expand output to meet demand from electric vehicles, an executive said on Thursday. Sumitomo Metal plans to bolster its annual output capacity to 120,000 tons by March 2028 and 180,000 tons by March 2031. The consortium consists of Sumitomo Metal, Mitsubishi (8058.T) and Mitsui (8031.T). Sumitomo Metal is targeting to boost annual nickel output capacity to 150,000 tons in a long-term from 82,000 tons now.

Persons: Ritsuko Shimizu, Katsuya Tanaka, ARL.AX, Masaru Takebayashi, Yuka Obayashi, David Evans Organizations: Sumitomo Metal Mining, REUTERS, Rights, Sumitomo Metal, Panasonic, U.S, Kalgoorlie Nickel, Mitsubishi, Mitsui, Thomson Locations: Tokyo, Japan, United States, Niihama, Pomalaa, Kalgoorlie, Western Australia

☆ Redwood inks long-term EV battery materials supply deal with Toyota
▼ + stars: | 2023-11-16 | by ( Paul Lienert | ) www.reuters.com time to read: +3 min

REUTERS/Johanna Geron/File Photo Acquire Licensing RightsNov 16 (Reuters) - Redwood Materials has signed a long-term contract to supply Toyota Motor (7203.T) with recycled materials for the Japanese automaker's $13.9 billion North Carolina electric vehicle battery plant, Redwood said Thursday. The Nevada-based materials specialist said it would remanufacture EV battery components from materials supplied by Toyota and recycled from end-of-life vehicles, mainly hybrid-electric models such as the Prius. Redwood, one of the world's leading battery recyclers, did not disclose details on value or timing of the agreement. Straubel said the company will supply battery components to Toyota from its Sparks, Nevada facility and eventually from a $3.5 billion facility it is building outside Charleston, South Carolina. Redwood also is selling remanufactured battery components to Panasonic, which jointly operates an EV battery plant with Tesla in Nevada.

Persons: Johanna Geron, Redwood, J.B, Tesla, Straubel, they'll, PitchBook, Paul Lienert, David Gregorio Our Organizations: Toyota, REUTERS, Redwood Materials, Carolina, Redwood, of Energy, U.S, Panasonic, Volkswagen, Ford, EV, Thomson Locations: Zaventem, Belgium, Nevada, U.S, Sparks , Nevada, Charleston , South Carolina, Redwood, North America, China, Detroit

☆ Retailers and delivery apps must act on e-bike safety, NY officials say, after 3 people died in a house fire linked with a scooter battery
▼ + stars: | 2023-11-15 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

New York City officials say retailers and food delivery apps must act on unsafe e-bike batteries. There have been hundreds of fires linked to lithium ion batteries in e-bikes and scooters in the city. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's extensively damaged," Kavanagh said, adding that the battery that sparked the fire was for a "scooter of some kind." The city has seen hundreds of fires linked to the lithium ion batteries that power electric bikes and scooters in recent years.

Persons: —, Laura Kavanagh, Albertha West, Michael West, Jamiyl West, Kavanagh, haven't, Meera Joshi, They're, Joshi, Josh Gold, Uber, Patrick Burke Organizations: Service, —, Fire, Amazon, Walmart, City Hall, UL, Local Locations: York City, — New York City, Brooklyn, New York City

The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them. Some officials, industry experts and others concerned about climate change uneasy supply of battery materials will not keep pace with demand. The Bipartisan Infrastructure Law assigned $6 billion in total funding for battery material processing and manufacturing. An initial round went to 15 projects including companies that mine critical minerals like graphite and nickel, used in lithium batteries. Tom Moerenhout, a professor at Columbia University's Center on Global Energy Policy, said it will be a big challenge to ramp up the global supply of critical minerals for the projected battery demand in 2030.

Persons: Harris, Jodie Lutkenhaus, “ I’m, ”, ” Lutkenhaus, Matthew McDowell, Tom Moerenhout, “, Moerenhout Organizations: Energy Department, DOE, Biden, Texas, M University, Infrastructure Law, Georgia Institute of Technology, Columbia University's Center, Global Energy, Companies, ____, AP Locations: Asia, Albemarle, Kings Mountain , North Carolina, U.S

NEW YORK (AP) — New York City officials say retailers and food delivery companies must do more to halt the proliferation of unsafe e-bike and e-scooter batteries, after a fire blamed on an electric scooter's lithium ion battery killed three people over the weekend. Fire officials said the fire broke out on the ground floor of the building. City officials have blamed off-market batteries and chargers that don't meet safety standards for many of the fires, and they have lobbied the federal government to strengthen regulations governing the sale of e-bikes and batteries. City officials haven't said whether the battery that caused Sunday's fire came from a vehicle used to make deliveries for one of the food service apps, and they didn't immediately respond to a Tuesday email seeking further information. Tens of thousands of the city's food delivery workers rely on e-bikes to get dinner to customers quickly, and Deputy Mayor for Operations Meera Joshi singled out the delivery industry during remarks at a City Hall news conference Tuesday, noting that time is money for delivery workers.

Persons: Laura Kavanagh, Albertha West, Michael West, Jamiyl West, “ It’s, ” Kavanagh, Kavanagh, ”, haven't, Meera Joshi, “ They're, ” Joshi, Josh Gold, Uber, Patrick Burke, “ We’ve Organizations: —, Fire, Amazon, Walmart, City Hall, UL, “, U.S, Congress Locations: — New York City, Brooklyn, New York City

Tuesday started with Nvidia getting more praise from one analyst, and a battery stock downgrade. She has a price target of $40 on shares, which suggests 20.3% upside potential from where shares closed on Monday. The firm initiated the stock with a buy rating and $125 price target, which suggests 7% upside from Monday's close. "3Q brings a narrative change in FREY's outlook with new risks to tech, strategy and funding that's been appropriately discounted by the stock market. He also slashed his price target to $2 from $13, which suggests 14.3% upside from Monday's close.

Persons: Tuesday, Morgan Stanley, Freyr, Paul Matteis, Matteis, Vistagen, — Hakyung Kim, BeautyHealth, Allen Gong, Gong, Benjamin Soff, Soff, Bernstein, Kraft Heinz, Alexia Howard, Howard, Miguel Patricio, Roth, Suji Desilva, Desilva, Morgan Stanley downgrades Freyr Battery Morgan Stanley isn't, that's, FREY, Adam Jonas, Jonas, Vivek Arya, — Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Therapeutics Biotechnology, Vistagen Therapeutics, JPMorgan, Deutsche Bank, Rockstar, Kraft, Kraft Heinz, AMD, Investment, Freyr's, Nvidia Bank of America Locations: U.S, Monday's, Freyr's Norwegian

☆ Senator asks Treasury to bar Chinese battery firms, minerals from US EV tax credits
▼ + stars: | 2023-11-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Car miniature, "Electric vechicles (EVs)" words, U.S. and Chinese flags are seen in this illustration taken, September 26, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - Democratic Senator Joe Manchin urged the U.S. Treasury on Monday to adopt the "strictest possible standards" to prevent Chinese-produced minerals or Chinese battery companies from winning electric vehicle tax credits. In 2022, Congress passed the Inflation Reduction Act barring $7,500 in future consumer EV tax credits if any battery components are manufactured or assembled by a "foreign entity of concern." The foreign entity of concern rules come into effect in 2024 for completed batteries and 2025 for critical minerals used to produce them. A key decision in the guidance is whether Ford Motor Co's (F.N) deal to license the technology of Chinese battery manufacturer CATL (300750.SZ) for use in Ford-owned U.S. battery plants will meet the Treasury's standards to access the tax credits.

Persons: Dado Ruvic, Joe Manchin, Manchin, Janet Yellen, Ford, David Shepardson, Chris Reese, Jonathan Oatis Organizations: REUTERS, Rights, Democratic, U.S . Treasury, Energy Committee, Treasury, Ford, Thomson Locations: China, Michigan

☆ Exxon to start lithium production for EVs in the U.S. by 2027
▼ + stars: | 2023-11-13 | by ( Sabrina Valle | Thomson Reuters | U.S. Energy Correspondent Focused In Covering Global Operations Of Oil Majors Out Of Houston. | ) www.reuters.com time to read: +3 min

[1/2] Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Ammann did not disclose how much Exxon intends to invest in the lithium business, or when it might become profitable. Exxon plans to begin production with partner Tetra Technologies, Reuters exclusively reported on Saturday. It will produce the metal onsite and sell it under the brand name Mobil Lithium, the company said on Monday. Exxon is focusing on lithium production to be used not only in EVs but also consumer electronics and energy storage systems that can hold electricity generated from intermittent solar and wind power.

Persons: Dado Ruvic, Dan Ammann, Ammann, Sabrina Valle, Sourasis Bose, Maju Samuel, Bernadette Baum Organizations: Exxon Mobil, REUTERS, Companies, Exxon, Tetra Technologies HOUSTON, Exxon's, Imperial, Tetra Technologies, Reuters, Mobil, BP, Shell, Deloitte, Thomson Locations: China, United States, Europe, Arkansas, U.S, Alberta, Canada, Houston, Bengaluru

JUNG YEON-JE/Pool via REUTERS Acquire Licensing RightsSEOUL, Nov 13 (Reuters) - U.S. Defense Secretary Lloyd Austin on Monday left open the possibility of more strikes against Iran-linked groups if attacks against American forces in Iraq and Syria don't stop, hours after overnight U.S. air strikes in Syria. "These attacks must stop, and if they don't stop, then we won't hesitate to do what's necessary, again, to protect the troops," Austin told reporters at a news conference in Seoul. Austin said the latest air strikes in eastern Syria targeted facilities used by Iran's Revolutionary Guard Corps and related groups. "These strikes are intended to disrupt and degrade the freedom of action of these groups, which are directly responsible for attacks against U.S. forces in Iraq and Syria," Austin said. It was still unclear whether anyone was killed in the latest U.S. strikes in Syria.

Persons: Defense Lloyd Austin, South Korean Defence Minister Shin Won, sik, JUNG YEON, Lloyd Austin, Albu Kamal, Austin, Phil Stewart, Ed Davies, Gerry Doyle Organizations: Defense, South Korean Defence Minister, Defence Ministry, REUTERS Acquire, Rights, . Defense, American, U.S, Iran's Revolutionary Guard Corps, United, Reuters, Thomson Locations: Seoul, South Korea, Rights SEOUL, Iran, Iraq, Syria, The U.S, Albu, Mayadeen, Israel, U.S, United States, State, East

☆ Check out how different the inside of fake AirPods look compared to the real thing
▼ + stars: | 2023-11-13 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Jon Bruner, head of marketing at Lumafield, shared some CT scans of real and counterfeit AirPods. On Tuesday, Bruner shared some photos to X showing CT scans of a real pair of AirPods compared to some counterfeitsLumafield calls the engineering of the AirPods Pro a "marvel of miniaturization." AdvertisementAdvertisementLumafield reviewed some key differences between the batteries, circuitry, and overall quality in the real and counterfeit AirPods. The real AirPods scanned were a pair of AirPods Pro, the most expensive of Apple's wireless earbud lineup. Jon Bruner/LumafieldThe fake AirPods also have fewer microphones, so you won't get as good sound quality as you would with the real AirPods, according to Lumafield.

Persons: Jon Bruner, —, Bruner, Lumafield, it's, you've Organizations: Service

☆ Why these industrial giants are betting on the transition to clean energy
▼ + stars: | 2023-11-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

"Right now, some of our favorite secular themes are the mega trends benefitting from a wave of federal spending — and the energy transition is one of those themes," he explained. CAT YTD mountain Caterpillar (CAT) year-to-date performance Elsewhere, Caterpillar has said the "energy transition and growing global energy demand are increasing [it's] total addressable market and furthering opportunities for long-term profitable growth." In terms of the energy transition, the company's aerospace business could see a boost from its development of sustainable aviation fuels. CEO Vimal Kapur last month said the industrials giant is "beginning to feel the urgency behind [the] energy transition." "Honeywell is in a unique position to both help the world meet today's growing energy needs, while also enabling the energy transition," Kapur said.

Persons: we're, Jeff Marks, Linde, Wall, I'm, Jim Cramer, Vimal Kapur, Kapur, Jim Cramer's, Jim, Krisztian Bocsi Organizations: Linde, LIN, Honeywell, Caterpillar, Investing, ExxonMobil, Exxon, BMO Capital Markets, Bank of America, CAT, CNBC, Linde AG, Treatment, Berlin, Bloomberg, Getty Locations: U.S, Berlin, Germany

Nov 12 (Reuters) - The United States carried out two air strikes in Syria against Iran and its aligned groups on Sunday, the Pentagon said, in the latest response to a series of attacks against American forces in Syria and in Iraq. "The President has no higher priority than the safety of U.S. personnel, and he directed today's action to make clear that the United States will defend itself, its personnel, and its interests," Austin said in a statement. Iran and its supporters say the United States shares responsibility for Israel's declared war against Palestinian militant group Hamas, which is also backed by Iran. U.S. and coalition troops have been attacked at least 40 times in Iraq and Syria by Iran-backed forces in recent weeks. The measures include increasing U.S. military patrols, restricting access to base facilities and boosting intelligence collection, including through drone and other surveillance operations, officials say.

Persons: Lloyd Austin, Albu Kamal, Joe Biden, Austin, Israel's, Phil Stewart, Soul, Suleiman Al, Lisa Shumaker, Sandra Maler Organizations: United, Pentagon, American, . Defense, Palestinian, Hamas, U.S, Reuters, Thomson Locations: United States, Syria, Iran, Iraq, Albu, Mayadeen, Deir al Zor, Israel, U.S, State, East, Amman

Lending data from China's central bank offers a glimpse of government priorities: as of the end of September, outstanding loans to the troubled property sector fell 0.2% year-on-year but lending to the manufacturing sector jumped 38.2%. This time, the government's focus is narrower, targeting high-tech and "advanced manufacturing", a goal laid out in 2021 in the 14th five-year plan. It grew 11.3% in the first nine months of 2023 year-on-year, compared with 6.3% for overall manufacturing investment, according to data from China's National Bureau of Statistics. For example, Guangdong province has increased lending to both high-tech and advanced manufacturing by about 45%, state media reported. During the first half of 2023, outstanding loans to the high-tech manufacturing sector in the eastern province of Shandong jumped 67%.

Persons: Jens Eskelund, Eskelund, Xi Jinping, Joe Biden, Frederic Neumann, Neumann, Tao Wang, Wang, Fu, Lu Zhengwei, Siyi Liu, Kripa Jayaram, Robert Birsel Organizations: Rights, European Chamber of Commerce, Asia Pacific Economic Cooperation, U.S, Reuters Graphics, overcapacity, HSBC, UBS, China's National Bureau of Statistics, Rystad Energy, EV, China Passenger Car Association, Bank, Industrial Bank, Thomson Locations: Suqian, Jiangsu province, China, CHINA, Rights BEIJING, Europe, Beijing, San Francisco, Xi, Asia, Guangdong province, Shandong, Dongguan, Shanghai

☆ This EV battery stock has potential double-digit gains ahead. UBS thinks it could even surge 100%
▼ + stars: | 2023-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

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

☆ Megan Rapinoe and Ali Krieger take to the pitch for the last time in NWSL Final
▼ + stars: | 2023-11-11 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Friends and teammates for much of their illustrious careers, US Women’s National Team legends Megan Rapinoe and Ali Krieger will take to the pitch one last time on Saturday as foes. Rapinoe’s OL Reign takes on Krieger’s Gotham FC in Saturday’s NWSL Final, which provides a fitting stage for the grand finale of two women’s soccer greats. Ahead of the game, in the final pre-match press conference of her career, an emotional Rapinoe couldn’t hold back the tears. Krieger’s farewellPerhaps it was written in the stars that both Rapinoe and Krieger would enjoy their last dance on the pitch together in the NWSL Championship game. On Monday, after both teams had booked their places in the final, Krieger revealed on Instagram a two-month-old text exchange she had with Rapinoe.

Persons: Megan Rapinoe, Ali Krieger, Rapinoe’s, “ I’ve, ”, I’ve, Rapinoe, “, ” Rapinoe, Krieger, Stephen Brashear, Jessica Berman Organizations: CNN, National, Gotham FC, USA, Amazon Prime, ION, CBS, Paramount Plus, ESPN, Sports, Reuters, Champions League, Frankfurt Locations: Saturday’s, rondos, California

☆ NWSL to launch expansion process for 16th team
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - The NWSL will begin the process of expanding to a 16th team, Commissioner Jessica Berman said on Friday, as the top-flight North American league looks to build with a landmark new broadcast deal in place. The National Women's Soccer League (NWSL) previously announced it will welcome a 13th and 14th club next year, the San Jose-based Bay FC and the Utah Royals, and a Boston-based team is expected to join beginning in 2026. The league welcomed two other teams, Los Angeles' Angel City FC and San Diego Wave FC, in 2022. Berman said that viewership on the CBS network was up 41% year-over-year this season while streaming on Paramount+ climbed 83%. The NWSL season wraps up on Saturday with a championship match between the Seattle-based OL Reign and NJ/NY Gotham FC at San Diego's Snapdragon Stadium.

Persons: Jessica Berman, Berman, Amy Tennery, Christian Schmollinger Organizations: Women's Soccer League, FC, Utah Royals, Angel City FC, San Diego Wave FC, ESPN, CBS, Prime Sports, Scripps, ION, Paramount, NY Gotham FC, Thomson Locations: San Jose, Boston, Los Angeles, U.S, Seattle, NJ, San, New York

☆ Exclusive: Exxon aims to begin lithium production by 2026 in Arkansas
▼ + stars: | 2023-11-11 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +4 min

For Exxon and other oil companies, lithium production offers the prospect of selling a new product with relatively little added cost. OTHER ACREAGESeparate from its Tetra partnership, Exxon also controls more than 100,000 acres in Arkansas from which it plans to begin lithium production by 2027, according to the source. It was not clear whether Exxon plans to expand lithium operations outside Arkansas. Like all oil producers, Exxon extracts water containing traces of lithium as part of fossil fuel production. The Arkansas Oil and Gas Commission, which overseas lithium operations in the state, has said it plans to hold hearings on the matter.

Persons: Darren Woods, Mike Blake, Albemarle, Ernest Scheyder, Caroline Humer, David Gregorio Our Organizations: ExxonMobil, Milken, Global Conference, REUTERS, Exxon Mobil, Exxon, Tetra Technologies, EV, Reuters, Tetra, Chevron, Battery Metals, EnergySource Minerals, Energy, Arkansas Oil and Gas Commission, Benchmark Minerals, Thomson Locations: Beverly Hills , California, U.S, Arkansas, Florida, Texas, Albemarle, Louisiana, Los Angeles

Lockbit was discovered in 2020 when its eponymous malicious software was found on Russian-language cybercrime forums, leading some security analysts to believe the gang is based in Russia. The gang has not professed support for any government, however, nor has any government formally attributed it to a nation-state. "We are located in the Netherlands, completely apolitical and only interested in money," the gang says on its dark web blog. The cybercrime gang infects a victim organisation's system with ransomware - malicious software that encrypts data - and then coerces targets into paying ransom to decrypt or unlock it. On the dark web, Lockbit's blog displays an ever-growing gallery of victim organisations that is updated nearly daily.

Persons: Lockbit, cybercriminals, Zeba Siddiqui, James Pearson, Rod Nickel Organizations: FRANCISCO, LONDON, Commercial Bank of China, Boeing, ION, Thomson Locations: Russia, Netherlands, United States, ICBC's U.S, San Francisco, London

☆ Rapinoe meets high stakes with a smile ahead of NWSL championship
▼ + stars: | 2023-11-10 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

But Saturday's showdown between Gotham FC and her OL Reign gives Rapinoe one last chance to claim the National Women's Soccer League championship after years of thwarted attempts, with the team she has been a part of since its inception. "It's really unique that you get to a championship game ever in your career. Rapinoe's Seattle farewell match last month averaged 683,000 viewers on CBS, an NWSL regular-season record. It was, you know, so much fun to watch and be a part of," said Rapinoe. Reporting by Amy Tennery in New York Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Megan Rapinoe, Ali Krieger, Lu Barnes, they've, Rapinoe's, Amy Tennery, Christian Radnedge Organizations: United States, Gotham FC, National Women's Soccer League, New, Rapinoe, ESPN, CBS, Prime Sports, Scripps, ION, Thomson Locations: New York, New, Rapinoe's Seattle

☆ NWSL announces record broadcast deal to start in 2024
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Scripps Company CEO Adam Symson speaks during a press conference announcing the NWSL’s new partnerships with CBS Sports, ESPN, Prime Video, and Scripps Sports at Venue 808. Mandatory Credit: Kyle Terada-USA TODAY Sports Acquire Licensing RightsNEW YORK, Nov 9 (Reuters) - The National Women's Soccer League (NWSL) has agreed a four-year media deal with broadcasters ESPN, CBS, Prime Sports and Scripps' ION Network, the league said on Thursday. The NWSL described the deal, worth a reported $60 million annually, as the "largest media investment in women's sports history", promising "record-breaking distribution and revenue" for the top-flight American league. The 2024 NWSL will include two expansion teams, Bay FC and the Utah Royals. Reporting by Amy Tennery in New York, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Adam Symson, Kyle Terada, Jessica Berman, Rosalyn Durant, Amy Tennery, Ed Osmond Organizations: Scripps Company, CBS Sports, ESPN, Prime, Scripps Sports, Women's Soccer League, CBS, Prime Sports, Scripps, ION Network, Bay FC, Utah Royals, Thomson Locations: San Diego , California, USA, Australia, New Zealand, New York

☆ Firefighters are still learning how to fight EV fires. Here's everything you need to know to stay safe.
▼ + stars: | 2023-11-09 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

EV fires are harder to put out. Water damage can cause fires even after your car dries out. AdvertisementAdvertisementCar fires have always been dangerous and difficult for firefighters, but highly combustible chemicals in electric car batteries are posing new challenges. Even after an EV battery fire appears to be extinguished, lingering energy stored in the battery can cause these dangerous runaways. O'Connor spoke with Insider this week to provide advice about what to do in the event of an electric car fire.

Persons: —, Brian O'Connor, O'Connor, It's Organizations: Service, EV, National Fire Protection Locations: Florida

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