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Talen's surge comes on the back of its deal to sell a data center campus to Amazon Web Services and supply the facility with nuclear power from the Susquehanna station northwest of Allentown, Pennsylvania. The deal is viewed as a trailblazing agreement for the power industry, and Wall Street has taken notice. A year ago, Talen was not covered by any Wall Street analysts, according to FactSet data. And Talen's assets are located almost entirely in the PJM grid, a predominantly mid-Atlantic region where power prices are expected to explode as demand outstrips supply due in part to growing data center load. Data center developers are expected to spend $250 billion annually on data centers, Barclays analyst Nicholas Campanella said in a note this week.
Persons: Talen, Shahriar Pourreza, Pourreza, TLN, William Appicelli, Nicholas Campanella, Campanella, amortization, Appicelli Organizations: Talen Energy Corporation, Amazon Web Services, Street, Barclays, Guggenheim, Jefferies, UBS, Susquehanna, Talen Energy, AWS, American Electric Power, AEP, Federal Energy Regulatory Commission Locations: Susquehanna, Allentown , Pennsylvania, Wednesday's
AP —The hidden figures of the space race were recognized with Congress’ highest honor at a medal ceremony on Wednesday. The Congressional Gold Medal was presented to the families of Katherine Johnson, Dorothy Vaughan, Mary Jackson and Christine Darden at the US Capitol. The Black women hired worked in a segregated unit of female mathematicians at what is now NASA’s Langley Research Center in Virginia. She was awarded the Presidential Medal of Freedom in 2015 – the nation’s highest civilian honor. Vaughan rose to become NASA’s first Black supervisor and Jackson was NASA’s first Black female engineer.
Persons: Katherine Johnson, Dorothy Vaughan, Mary Jackson, Christine Darden, , Margot Lee Shetterly, Hakeem Jeffries, Mike Johnson, Wanda Jackson, Andrew Harnik, NASA –, John Glenn, Vaughan, NASA’s, Jackson, Darden Organizations: Capitol, Darden, Advisory Committee, Aeronautics –, NASA, Langley Research Locations: Connecticut, U.S, Langley, Virginia
Read previewNASA's Deep Space Food Challenge, launched in 2021, asked teams worldwide to develop a sustainable way to feed and nourish astronauts on long-duration space missions, including to Mars. The biotech company Interstellar Lab beat over 300 competing teams to receive NASA's $750,000 grand prize in August for its project NuCLEUS (NUtritional Closed-Loop Eco-Unit System). The software that controls the lighting, humidity, and temperature in each cube manipulates the environment to provide the optimal growing conditions for each plant's nutritional content. Interstellar Lab is launching one of its systems into space next yearPart of NASA's $750,000 award will go toward paying the team for their hard work. Interstellar LabWhile NuCLEUS was designed with NASA astronauts in mind, Belvisi said that Interstellar Lab is also working with private companies.
Persons: , It's, Barbara Belvisi, Belvisi Organizations: Service, Interstellar Lab, Business, Lab, B12, Lab's, NASA
Read previewRyan Murphy's Emmy-winning Netflix series "Monster" is back, and this time it's about the case of Lyle and Erik Menendez. Lyle and Erik Menendez are serving life sentences in the same prisonLyle and Erik Menendez during their trial in 1994. Lyle and Erik Menendez are both marriedErik Menendez's wife, Tammi Menendez, in 1999. Related storiesThat included a letter Erik Menendez wrote and addressed to his cousin Andy Cano, who died in 2003. "Monsters: The Lyle and Erik Menendez Story" is available to stream on Netflix.
Persons: , Ryan, Lyle, Erik Menendez, Jeffrey Dahmer, Murphy, Ian Brennan, Menendez, José Menendez, Kitty Menendez, Ted Soqui, — Lyle Menendez, Erik, Richard J, Lyle Menendez, Erik Menendez's, Tammi Menendez, Chris Morton, Anna Eriksson, Rebecca Sneed, Tammi Ruth Saccoman, Saccoman, Talia, Eric Menendez, Ronald L, Andy Cano, Robert Rand, Rand, Roy Rosselló, Rosselló, Edgardo Díaz Organizations: Service, Netflix, RCA, Business, Prosecutors, Getty, Donovan Correctional, Inc, The New York Times, Los Angeles Times, LA Times, RCA Records Locations: Beverly, Mule Creek, Ione , California, San Diego, New Jersey
His new home is a notorious federal jail in New York City known for extreme violence and abominable medical care. Still, the conditions are horrid across the facility, according to interviews with more than a half-dozen defense lawyers and a review of court documents. “The agency as a whole has failed to assist MDC Brooklyn with the staffing crisis, hence allowing MDC Brooklyn to fail,” the union head, Rhonda Barnwell, wrote in a memo to Bureau of Prisons officials in June 2023. "That is why, earlier this year, the director appointed an Urgent Action Team to take a holistic look at the challenges at MDC Brooklyn," the spokesman added. A statute in the federal court system requires defendants who are out on bail to be remanded to jail after they are convicted.
Persons: Sean, Diddy, Combs, Gary Brown, Sam Bankman, Kelly, Ghislaine Maxwell, , Xavier Donaldson, , Jeffrey Epstein’s, Rhonda Barnwell, Luis Rivas, Uriel Whyte, Edwin Cordero, Mr, Cordero, Andrew Dalack, Terrence Wise, wasn’t, LaShann DeArcy, Jonathan Goulbourne, Jesse Furman, Furman, Judge Brown, Brown, Daniel Collucci, Richard Kestenbaum Organizations: Metropolitan Detention, MDC, District, Justice Department, Metropolitan Correctional Center, Brooklyn, MDC Brooklyn, of Prisons, NBC News, . Justice, Urgent, New York Daily News Locations: New York City, Brooklyn, U.S, New York, Queens , New York,
A former warden at the facility told Business Insider that Combs can expect to be treated like any of the other 1,200 inmates at the Brooklyn jail. Advertisement"Any time one is being detained at the Metropolitan Detention Center, it's never going to be a picnic," Cameron Lindsay, the retired warden, told BI. Sean "Diddy" Combs is currently being housed at an infamous Brooklyn jail. "Given his status as a celebrity and a rap star, I would believe, of course, that he would be single-celled and isolated under very austere conditions," Cameron Lindsay told BI. Numerous Courts in this district have raised concerns with the horrific conditions of detention there," Combs' lawyers wrote.
Persons: , Sean, Diddy, Combs, Kelly, Sam Bankman, Ghislaine Maxwell —, it's, Cameron Lindsay, Mark Bederow, Lucas Jackson, Bederow, Robyn Tarnofsky, Lindsay Organizations: Service, Federal Bureau of Prisons, Metropolitan Detention, Business, MDC Locations: Los Angeles, Miami, Brooklyn, Manhattan, Beverly Hills
The news from Bloomberg that billionaire Point72 founder and legendary stockpicker Steve Cohen will no longer trade his book for the $35 billion fund Tuesday is paradoxically both shocking and expected. Of the big multi-strategy managers, the fact Cohen was still managing a book set him apart from his main competitors. Will there be another Steve Cohen? Cohen launched SAC with $20 million in 1992; new funds today need exponentially more to justify leaving seats at funds like Point72. Fictional hedge fund manager Bobby Axelrod, played by Damian Lewis, was loosely based on Steve Cohen.
Persons: , Steve Cohen, Cohen, they've, — Cohen, He's, Point72, Ken Griffin, Izzy Englander, Dmitry Balyasny, Steve, he's, it's, Bobby Axelrod, Damian Lewis, Vincent D'Onofrio, Guy Fieri Organizations: Service, SAC Capital, Bloomberg, Business, SAC, MLB, New York Mets, Citadel, Academy, Tiger Cubs, Viking, Wall Street, Showtime, GameStop, Food Locations: Connecticut
In May 2000, the group managed to drive Israel out of southern Lebanon after a grueling guerilla conflict. On the evening of July 30, an Israeli drone fired two missiles into a residential building in southern Beirut, killing senior Hezbollah commander Fu’ad Shukr. Taken together, the missile attack and the exploding devices represent a dramatic infiltration by Israel of Hezbollah’s critical command and control networks. Israel denied any important targets were struck and no evidence has been made public to contradict that denial. Israel is no longer willing to tolerate the slow-burn war on its northern border and is resorting to ever more extreme and potentially escalatory measures.
Persons: Lebanon CNN —, Assad, Fu’ad Shukr, Shukr’s, Hassan Nasrallah, Organizations: Lebanon CNN, Hezbollah, CNN Locations: Beirut, Lebanon, Israel, Iranian, Syria, Iran, Russia, Lebanese, Israeli, pagers, Gaza
Read previewAn elite Navy SEAL unit may be preparing Taiwanese forces for reconnaissance operations and missions to repel a Chinese invasion, retired Navy officers said after a report said the unit had been training for such an eventuality for over a year. AdvertisementAccording to three retired Navy officers, the unit may be training Taiwanese soldiers to fight back against China should it invade Taiwan. One, he told BI, "is training Taiwanese forces in reconnaissance and perhaps direct attack, focusing on missions that might be required to defeat a Chinese invasion." "Naval reconnaissance forces would locate Chinese forces for long-range attacks," he said, adding: "They might also launch attacks against offshore ships or shipping in Chinese ports." Reports have already given clues as to how the US is preparing for a possible Chinese invasion of Taiwan.
Persons: , Osama bin Laden, Mark Cancian, Bradley Martin, Sam Tangredi, Graeme Thompson, Joe Biden, Samuel Paparo, Martin, Cancian, Daniel Ceng, Phil Davidson, Davidson, Feng Hao, Paparo, Frank Kendall, Kendall Organizations: Service, Navy SEAL, Financial Times, Business, Navy, Marine, Center for Strategic, International Studies, US Navy, Getty, Eurasia Group, Wall Street Journal, Reuters, International Institute for Strategic Studies, Pacific Command, Washington Post, Congressional Research Service, Senate Armed Services Committee, Theater Command, PLA, China Military, Anadolu, American Enterprise Institute, Institute for, Japan's Nikkei, RAND Corp, US Air Force, Air & Space Forces Association Locations: Virginia, Taiwan, Afghanistan, Yemen, Syria, Somalia, Pakistan, China, People's Republic of China, Pingtung County, AFP, Washington ,, Australia, United States, Taichung, Anadolu, Pacific
As of June, the botnet included over 260,000 hacked devices from all over the world, from North and South America to Australia, according to US officials. Those hacked devices ranged from webcams to DVRs to routers, and about half of them were located in the US, according to Wray. That Chinese hacking unit is preparing to “wreak havoc and cause real-world harm” to the US, Wray told Congress in January. Lumen researchers are watching for signs that the Chinese hackers will resurrect the botnet. A Chinese company named Integrity Technology Group managed the botnet for the last three years, according to US officials.
Persons: Christopher Wray, ” Wray, Wray, , , Lumen, ” Danny Adamitis, Dakota Cary Organizations: CNN, FBI, Aspen Cyber, US, Embassy, Lumen Technologies, Lotus Labs, Integrity Technology Group Locations: Washington ,, Australia, Canada, New Zealand, United Kingdom, North, South America, Washington, China, Taiwan, California, United States, Dakota
Even as teenagers, the three Alexander brothers were notorious for being predatory, according to multiple people who knew them at the time. AdvertisementHofeldt said she'd seen the Alexander brothers around at parties before she met them during the 2003-2004 school year. Several months after the assault, Hofeldt invited the brothers' friend Julian Cohen to her house in the middle of the night. Oren Alexander and Howard Lorber at a party at Sir Ivan's Castle in the Hamptons in July 2011. The Alexander brothers have been accused by multiple people of assaulting women in tandem on numerous occasions.
Persons: she'd, Oren, Alon Alexander, Alon, , Aaron Davidson, Alexander, Tal, Douglas Elliman, Kate Whiteman, Rebecca Mandel, Whiteman, Mandel, Angelica Parker, Renée Willett, Evan Torgan, Hunter Abrams, James, Shlomy, Orly, Michael M, Abby Hofeldt, choo, Rae Rae, Hofeldt, clotheslined, Gavin, they'd, Hofeldt's, Margo Hofeldt, Abby, Julian Cohen, Felix Cohen, Shlomy Alexander, Elliman, Douglas, Howard Lorber, Lorber, Oren Alexander, Steven Henry, Sir Ivan, Howard, Howard's, Oren's, James Ferraro, Ferraro, Ken Griffin, Bart's, Dina Goldentayer, Sean Zanni, Patrick McMullan, Barbara Fox, Beckford, Fox, Douglas Elliman's Erik Schneider, Jeff Miller, Brown Harris Stevens, Ken Griffin's, Griffin, Tal didn't, Douglas Elliman's, Gary Hershorn, Tal masturbated, texted Oren, Oren didn't, hadn't, Justin Ross Lee, he'd, Scott Roth, Lee, Matthew Peyton, Beth, Alon messaged Beth, Instagram, Beth messaged Alon, Beth Beth's, Floyd Mayweather Jr, Conor McGregor, Michael Stern, Stern, Mayweather, McGregor, Marc Patrick, what's, Sara Militello, Nicole Oge, Deanna Paul, Daniel Geiger Organizations: East Hampton, Business, Getty, Deal, FBI, Street Journal, Kent Security, Krop, High School, North Miami Beach, Miami Country Day, Miami Country Day School, Bacardi, University of Colorado, University of Maryland, Hofstra University, Sir, Hamptons, Manhattan, Forbes, Miami Beach, Douglas Elliman's, Real, New York Fashion, Art Basel, Vogue, Bath Club Estates, New York, Fox Residential, Board, New, Faena, Street, BI, Miami Herald, Tal, Peaceman Productions, UFC, Las Vegas, JDS, Brooklyn Tower, Stern of JDS, New York Post Locations: Long, Florida, Soho, Las Vegas, New York City, New York, Miami, South Florida, Orly Alexander, Israel, North Miami, Krop, Aventura, Hofeldt, Boulder, Sir Ivan's, Manhattan, Dominican Republic, Malibu, St, Brazilian, Elliman, Bath, New, Corcoran, Southampton, Water, East Hampton, Instagram, Teterboro , New Jersey, Las, Vegas, Teterboro, Brooklyn, what's
Its backers have committed to driving the "significant infrastructure investment" needed to make AI more powerful. Critically, the firms behind the fund said these infrastructure investments "will be chiefly in the United States," where it plans to fuel AI innovation and economic growth. It will also fund the energy infrastructure needed to power them. AdvertisementData centers, chip manufacturing plants, and energy supply are all vital for making AI tick. AdvertisementThe headline result was the launch of a new task force on AI data center infrastructure, designed to underscore the vital importance of building out the infrastructure needed to maintain momentum in the generative AI race.
Persons: , MGX, Brad Smith, Lindsey Wasson, TSMC, Justin Sullivan, Getty, CBRE, Nvidia's Jensen Huang, Sam Altman, Gina Raimondo Organizations: Service, Microsoft, BlackRock, Business, Global Infrastructure Partners, REUTERS, US, Nvidia, Congress, Financial Times, Big Tech Locations: Taiwan, China, United States, Abu Dhabi, Chicago, Northern Virginia, Washington
At the end of Tuesday's Snap Partner Summit keynote, CEO Evan Spiegel introduced a major upgrade to the company's augmented reality glasses. AdvertisementHe added, "AR glasses have see-through lenses. SnapAlthough Spiegel threw shade at headset rivals, Snap will have a lot to prove in the smart glasses space. The glasses Snap unveiled are cordless, unlike the Vision Pro headset. The Quest 3 completely covers the eyes, but Spiegel said Spectacles have see-through lenses that become tinted in sunlight.
Persons: , Evan Spiegel, you've, Spiegel, Snap, Leo Gebbie Organizations: Service, Business, Meta, Reality Labs, CCS Insight, CNBC, Vision, VR
Ex-officer testifies, ‘He was helpless’Prosecutor Kathryn Gilbert asked Martin whether officers were allowed to use force out of anger. In this still from video released by the City of Memphis, officers from the Memphis Police Department beat Tyre Nichols on a street corner. Martin said he told Lt. Smith that Nichols was high, without evidence, and that officers lied about Nichols driving into oncoming traffic and swinging at them during the traffic stop. The truth needs to come out,” Martin told Gilbert. While Martin was away from his team, Justin Smith called and Martin told him he was having homicidal thoughts, Martin said.
Persons: ” Tyre Nichols, , , Emmitt Martin III, Nichols, Martin, Tadarrius Bean, Justin Smith, ” Martin, Desmond Mills, Demetrius Haley, Bean, Smith, Desmond Mills Jr, Mills, RowVaughn, Rodney Wells, RowVaughn Wells, Nichols ’, , Kathryn Gilbert, Tyre Nichols, Memphis Martin, Dewayne Smith, Gilbert, John Keith Perry, Perry, Ben Crump Nichols, Organizations: Tennessee AP, Memphis, Scorpion, City, Memphis Police Department, Scorpion Unit Locations: Memphis, Tennessee, Tadarrius Bean Shelby, City of Memphis, City
CNN —Sean “Diddy” Combs is expected Wednesday afternoon to appeal a federal judge’s decision to hold the hip-hop artist and music mogul without bail after he pleaded not guilty in federal court to charges of racketeering conspiracy, sex trafficking and transportation to engage in prostitution Tuesday. In court, prosecutors argued the music mogul should not be released because he had previously reached out to witnesses and victims. The judge told Combs there were no conditions she could find to assure her that he would appear in court if released. Combs’ lawyer Marc Agnifilo told CNN’s Kaitlan Collins on Tuesday night that Combs will likely not take a plea deal. The sex trafficking charge is based on allegations against a single, unnamed “Victim-I” from about 2009 up to about 2018, the indictment states.
Persons: Sean “ Diddy ” Combs, Andrew Carter, Combs, Carter, – Combs, Robyn Tarnofsky, Tarnofsky, Marc Agnifilo, CNN’s Kaitlan Collins, , ” Agnifilo, Emily Johnson, Agnifilo, , Johnson, Prosecutors, , ” Combs “, Casandra Ventura, Ventura, Douglas Wigdor, Sean Combs, won’t, , Combs ’ Organizations: CNN, Housing Unit, Metropolitan Detention, Homeland Security Investigations, Prosecutors, , Combs Enterprise Locations: Brooklyn, Manhattan, New York, Miami, Los Angeles, Ventura
The super PAC, Future Coalition PAC, also ran other ads that highlight the Jewish faith of Harris’ husband, Doug Emhoff, including ads that have leaned on antisemitic “dual loyalty” tropes about Jewish Americans. The first two clips used in the new Harris ad come from Harris’ remarks after meeting with Israeli Prime Minister Benjamin Netanyahu in July, four days after President Joe Biden announced he wouldn’t seek another term in office. The majority of the nine ZIP codes in the Harris ad campaign are represented by Democratic Rep. Rashida Tlaib in Congress. The Harris campaign did not comment on its ad strategy. Harris addressed the issue during remarks Tuesday at a discussion with the National Association of Black Journalists.
Persons: Kamala Harris ’, Harris, Harris sympathizing, Harris ’, Doug Emhoff, Benjamin Netanyahu, Joe Biden, wouldn’t, , ” Harris, , Biden, Rashida Tlaib, Tlaib, hasn’t Organizations: Google, Biden, GOP, Israel, Future Coalition PAC, Israeli, Democratic Rep, Palestinian, Democratic National Convention, NBC News, White, National Security, National Association of Black Journalists Locations: Detroit, Gaza, Snapchat, Dearborn, Eastern, American, Israel, Congress, Palestinian American, Chicago
CORONADO, Calif. — Standing on their lawn, members of the Dong family waited to meet the great-grandkids of a Black couple who rented a home to them a generation ago, when laws favored white residents. In 1939, Gus and Emma Thompson, a Black entrepreneurial couple, agreed to rent and eventually sell the house they owned to the Dongs, a Chinese American family. Alan Nakkash for NBC NewsThe Dong family is donating the proceeds of the house sale to support the Black community. Alan Nakkash for NBC NewsThe Dong family wanted the Thompson family descendants to tour the storied home before selling. Nearby, Kemp leaned in to repeat words he first said at their meeting at the Coronado house.
Persons: , Dong, Gus, Emma Thompson, Ron Dong, Emma, , Janice Dong, Ron’s, Ballinger Gardner Kemp, Lauren Kemp Few, Alan Nakkash, , Thompsons, Lloyd Dong Jr, Dong Jr, Lloyd Jr, Lloyd Sr, Jackie, Margaret, Jeanette Dong, Lloyd Dong Sr, Ron Dong’s, Margaret ., Gus Thompson, Kemp, Thompson, Kevin Ashley, Ashley, Christopher Manning, Grace Lee Bogg’s, Manning Organizations: San, Black Resource, NBC, NBC News, Historical, Coronado, SDSU, Coronado Historic Resources Commission, Central California —, Del Locations: CORONADO, Calif, San Diego State, Kentucky, California, Central California, Coronado, Del Coronado
The Food and Drug Administration expanded the approval of Kisqali, a drug for metastatic breast cancer, to also treat patients with earlier stages of the disease, drugmaker Novartis said Tuesday. The approval means that tens of thousands of women diagnosed with early-stage breast cancer will have access to a medication that can help prevent their cancer from coming back. The expanded approval is for patients with HR-positive, HER2-negative breast cancer, the most common form of the disease. It comes as rates of breast cancer are increasing in younger women: From 2000 to 2019, rates of breast cancer in women ages 20 to 49 increased by 15.6% according to a study published earlier this year in JAMA Network Open. “You’re always going to be faced with the fact every single day that you have had breast cancer,” she said.
Persons: , Eleonora Teplinsky, it’s, Kisqali, Vandana Abramson, Teplinksy, Nikki Odum, ‘ I’m, ’ ”, Odum, Justin, Denise Yardley, ” Odum, Yardley, Sarah Cannon, Komal, Abramson, ” Teplinsky, that’s, “ You’re, Organizations: Drug Administration, Novartis, Health, European Society for Medical Oncology, Breast Cancer Research, Vanderbilt, Ingram Cancer Center, Kisqali, Sarah, Sarah Cannon Research Institute, Memorial Sloan Kettering Cancer Center Locations: New Jersey, Barcelona, , Nashville , Tennessee, , Smyrna , Tennessee, Nashville, New York
MEMPHIS, Tenn. — Police officers violated protocol when they used excessive force against Tyre Nichols and overstated his actions, a former officer who has pleaded guilty in the case testified. Tyre Nichols. “Because I exaggerated what he had done … and it escalated,” Martin said, adding that officers violated protocol by pursuing a nonviolent offender. Martin, the first former officer to testify at their trial, and Desmond Mills Jr., have pleaded guilty to the federal charges. I was seeing red.”After Nichols was stopped, Martin said Haley brandished his gun and told Nichols to “get the f--- out of the car.” Martin then pulled out his gun before Haley snatched Nichols from the car.
Persons: Tyre Nichols, Emmitt Martin III, Nichols, Martin, Ben Crump, ” Martin, Tadarrius Bean, Demetrius Haley, Justin Smith, Desmond Mills Jr, Kathryn Gilbert, , , Haley brandished, Haley, Black, Rebecca Byrd, Deon J Organizations: — Police, Former Memphis, Memphis Police Department Locations: MEMPHIS, Tenn, Our, Memphis, Hampton, Denver
Sean “Diddy” Combs was arrested Monday, the U.S. Attorney's Office in New York said. U.S. Attorney Damian Williams confirmed in a statement that on Monday evening, federal agents had arrested Combs, based on a sealed indictment filed by the Southern District of New York. Combs’ attorney Marc Agnifilo expressed disappointment in a statement. Richard, who was a member of the girl group Danity Kane, which Combs formed on the MTV reality competition “Making the Band,” sued Combs last week. The warrant to search Combs’ properties came from the Southern District of New York, NBC News has reported.
Persons: Sean “ Diddy ” Combs, Combs, Damian Williams, , ” Williams, Marc Agnifilo, , Sean ‘ Diddy ’ Combs, Casandra Ventura, Ventura, Dawn Richard, groped, Richard, Danity Kane, Puffy Organizations: Attorney's, U.S, Southern, of, MTV, Investigators, NBC News, Bad Boy Locations: U.S, New York, New York City, of New York, Miami, Los Angeles
CNN —A critical witness in the original trial of disgraced Hollywood producer Harvey Weinstein has announced she will testify in his upcoming retrial on criminal charges. After Weinstein’s conviction was overturned earlier this year, Mimi Haley, a former production assistant on The Weinstein Company’s “Project Runway,” said she wasn’t sure if she wanted to go through it all again. Haley alleged that Weinstein had pinned her down and forced her into a sex act in 2006 at his Manhattan apartment. Last week, he was indicted in Manhattan in connection to new sexual assault allegations, according to prosecutors. If he is cleared to attend the hearing, Weinstein is expected to be arraigned on the new indictment.
Persons: Harvey Weinstein, Mimi Haley, Weinstein, , Gloria Allred, , Haley, Jessica Mann, Mann, Arthur Aidala Organizations: CNN, Hollywood, New, Bellevue Hospital Locations: Manhattan, New York, Los Angeles
That also means that AI data centers are growing fast — as is the demand for them. That in turn is set to drive up the demand for cooling systems for data centers. We believe the demand for liquid cooling for AI data centers should sustain for the following 5-10 years, driven by continuous iteration of AI chips and rising heat dissipation requirements," Jefferies said in a Sept. 10 report. Cooling services have been said to improve power efficiency in data centers and, by extension, cost efficiency. Envicool Technology : Jefferies expects data center cooling sales in Southeast Asia to contribute one-third of such sales for the Chinese firm.
Persons: Jefferies, — CNBC's Michael Bloom Organizations: Jefferies, Stock, Schneider Electric, Technology, PSU, Nvidia Locations: China, Southeast Asia
Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. Shopify — The e-commerce stock advanced nearly 2% after receiving an upgrade to buy from neutral at Redburn Atlantic. AppLovin — The mobile software stock advanced about 6% following a UBS upgrade to buy from neutral. Gannett — Shares soared 16% after Citi upgraded the newspaper stock to a neutral rating from sell. GE Vernova — The energy stock rallied nearly 4% after Bank of America upgraded the stock to buy from neutral.
Persons: Marie Myers, Biden, Shopify, FanDuel, Michael McGovern, Andrew Obin, Philip Morris, — CNBC's Sean Conlon, Yun Li, Sarah Min, Samantha Subin Organizations: Hewlett Packard Enterprise, Bank of America, Microsoft, Intel, UBS, Gannett —, Citi, Gannett, GE, Vectura Group, Molex Asia Holdings, Vectura, Accenture —, Bloomberg Locations: U.S
Read previewRussia's threat to the subsea cables the West relies on for the internet is growing more acute amid surveillance from a specialist undersea sabotage unit, a NATO official said. "Allies have long warned of the risk that Russian spy ships and sabotage vessels patrolling subsea cable routes could pose to critical underwater infrastructure." Known by its Russian acronym, GUGI, the unit's goal is to surveil and possibly destroy the undersea cables the West relies on for the internet. But as the world has become more dependent on internet data, the potential for disruption caused by sabotage has become greater. Sybille Reuter via Getty imagesThere is already evidence that Russian units may have tampered with undersea cables, with experts saying that Russian units likely played a role in the disappearance of miles of the cables near Lofoten off the coast of Norway in 2021.
Persons: , Dmitry Medvedev, Sidharth, GUGI, Kaushal, Sybille Reuter, Mark Cancian Organizations: Service, NATO, Business, Russia's General Staff, Directorate, Allies, CNN, General Staff, Research, Pentagon, Russia, Russian Ministry of Defense, Getty, CSIS, Atlantic Council Locations: Ukraine, Russia, Europe, North America, Lofoten, Norway, NATO, Washington ,
This month, he'll start building a long-short equity division called Longaeva Partners inside Balyasny and exclusively managing the multistrategy hedge fund's capital, according to people familiar with the matter. "He was very coachable and progressed at a much faster rate than a lot of other, newer portfolio managers," Boyle said. "Peter was good at keeping his emotions out of his portfolio," Boyle said. At Balyasny, Goodwin will effectively have his own unit, though he'll be under the flagship Atlas Enhanced umbrella and operate on BAM's platform, including access to its technology, risk management, hiring, and human resources capabilities. The allure of such a setup is more time to spend on investing, which Longaeva will do exclusively with Balyasny money for now.
Persons: , Peter Goodwin, Dmitry Balyasny's, Jeff Runnfeldt, Gustav Rydbeck, Goodwin, he'll, it's, they've, Point72, Point72 Goodwin, Peter, Korn, Scott Goodwin, Shaw, Perry Boyle, Boyle, delegating, he's Organizations: Service, Management, Business, Longaeva Partners, Millennium Management, Korn Ferry, JPMorgan, Lehman Brothers, Ziff Capital Locations: D.E
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