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REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsCompanies Ecopetrol SA FollowBOGOTA, Sept 11 (Reuters) - Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol (ECO.CN) an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters. If approved, the revision would make it "mandatory for Ecopetrol to take part in each offshore project," another source told Reuters. Having Ecopetrol partner up with other companies on offshore wind farms would "minimize the risks of new projects" one of the sources said, adding that the size of any given Ecopetrol stake would be "very, very small," without hinting at possible percentages. Ecopetrol's involvement in offshore wind projects would help shore up energy self sufficiency, another of the sources said. Plans to hold the bidding round to assign maritime blocks for offshore wind farms are running behind.

Persons: Luisa Gonzalez, Gustavo Petro, Colombia's, Energy Irene Velez, Andres Camacho, Oliver Griffin, Timothy Gardner Organizations: REUTERS, Reuters, The, of Mines, Energy, Thomson Locations: Bogota, Colombia, BOGOTA, Colombia's

☆ NFL week 1: Everything you need to know
▼ + stars: | 2023-09-10 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

Bengals @ BrownsAn Ohio derby on the opening weekend of the new season is a treat for all NFL fans, especially with expectations for both teams so high. The Dallas Cowboys and the New York Giants have had many battles for the ages over the years and is one of the most heated rivalries across the league. Dalton Schultz of the Dallas Cowboys scores a touchdown during the second half against the New York Giants at AT&T Stadium on November 24, 2022 in Arlington, Texas. Bills @ JetsArguably the game of the first week is its final one, with the Buffalo Bills traveling to face the New York Jets. Mosley of the New York Jets defends in the fourth quarter at Highmark Stadium on December 11, 2022.

Persons: Joe Burrow, Burrow, Ja’Marr Chase, Zac Taylor, Dylan Buell, Deshaun Watson, Watson, Kevin Stefanski, David Eulitt, Ezekiel Elliott, Kellen Moore, Mike McCarthy, Dalton Schultz, Wesley Hitt, Dak, Brian Daboll’s, Daniel Jones, Saquon Barkley, Darren Waller, Josh Allen, Stefon Diggs, Von Miller, Damar Hamlin, Dawson Knox, Mosley, Joshua Bessex, Aaron Rodgers, – Sauce Gardner, Breece, Garrett Wilson –, Rodgers, C.J, D.J, Reed Organizations: CNN, Kansas City Chiefs, Detroit Lions, NFL, Detroit, ESPN, FOX, NBC, CBS, Dallas Cowboys, New York Giants, Buffalo Bills, New York Jets, Bengals, Browns, Cincinnati Bengals, Super, AFC Championship, Getty, Cleveland Browns, AFC North, Cowboys, Giants NFL, Los Angeles Chargers, AT, Giants, Bills, Jets, Green Bay, Sunday Carolina Panthers, Atlanta Falcons Houston Texans, Baltimore Ravens Cincinnati Bengals, Cleveland Browns Jacksonville Jaguars, Indianapolis Colts Tampa Bay Buccaneers, Minnesota Vikings Tennessee Titans, New Orleans Saints San Francisco 49ers, Pittsburgh Steelers Arizona Cardinals, Washington, Green Bay Packers, Chicago Bears Las Vegas Raiders, Denver Broncos Miami Dolphins, Los Angeles Chargers Philadelphia Eagles, New England Patriots Los Angeles Rams, Seattle Seahawks Dallas Cowboys, @ @ @ @ @ @ @ @ @ @ @ @ @ @ Locations: United States, DAZN, Browns An Ohio, Arlington , Texas, Prescott, Texas, Green

☆ Hurricane Lee expected to move north of Puerto Rico but still dangerous
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

A composite image shows Hurricane Lee churning towards the Caribbean after intensifying into a major storm, September 8, 2023. Acquire Licensing RightsWASHINGTON, Sept 9 (Reuters) - Hurricane Lee, a powerful Category 3 storm, was expected to move well north of Puerto Rico and the U.S. Virgin Islands this weekend but could cause dangerous beach conditions on the U.S. East Coast beginning on Sunday, the U.S. National Hurricane Center said on Saturday. "Dangerous surf and rip currents are expected to begin along most of the U.S. East Coast Sunday and Monday and worsen through the week," the forecaster said. Lee had intensified into a dangerous Category 5 storm earlier in the week, the highest step on the Saffir-Simpson wind scale, before downgrading into a Category 3 hurricane. "Fluctuations in intensity are likely over thenext few days, however Lee is expected to remain a powerful hurricane through early next week," it said.

Persons: Lee, Hurricane Lee, Eric Beech, Timothy Gardner, Diane Craft Organizations: Oceanic, Atmospheric Administration, REUTERS, Acquire, Rights, U.S . Virgin, U.S . East, U.S, National Hurricane Center, U.S ., U.S . East Coast Sunday, National Weather Service, Thomson Locations: Puerto Rico, U.S, U.S . East Coast, Leeward, Atlantic Canada, Bermuda

☆ Rivian to benefit next year as EV battery material prices ease - CFO
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

The Rivian name shown on one of the carmaker's new electric SUV vehicles in San Diego, U.S., December 16, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 7 (Reuters) - Electric-vehicle maker Rivian Automotive (RIVN.O) will benefit late this year and in 2024 from a significant deflation for battery material prices, finance chief Claire McDonough said at a technology conference on Thursday. Prices for raw materials used in batteries surged to record highs in recent years on burgeoning demand for EVs, coupled with tight supplies due to the pandemic that were exacerbated by Russia's invasion of Ukraine. Lower costs of battery raw materials could potentially boost margins for Rivian and its rivals who have struggled with high costs and dwindling cash balances. Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San Francisco; Editing by Sriraj Kalluvila and Timothy GardnerOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Claire McDonough, TrendForce, McDonough, Goldman Sachs, Akash Sriram, Abhirup Roy, Sriraj Kalluvila, Timothy Gardner Organizations: REUTERS, Rivian, EVs, Goldman, Thomson Locations: San Diego , U.S, Ukraine, Bengaluru, San Francisco

Colombian-born Kugler, whose research has focused on labor markets, is the first Latina to join the Fed Board in its 109-year history. The vote was 53-45, with a few Republicans supporting a nomination that was championed by Democratic Senator Bob Menendez. The Senate on Wednesday also confirmed Fed Governor Philip Jefferson as Fed vice chair and Fed Governor Lisa Cook to a second term. Jefferson's success as vice chair will hinge on his ability to help Powell manage that process. Reporting by Ann Saphir; Editing by Paul Simao and Timothy GardnerOur Standards: The Thomson Reuters Trust Principles.

Persons: Adriana Kugler, Jonathan Ernst, Kugler, Bob Menendez, Menendez, Philip Jefferson, Lisa Cook, Cook, Jerome Powell, Powell, Michael Feroli, Jefferson, she'll, Derek Tang, Tang, Ann Saphir, Paul Simao, Timothy Gardner Organizations: Federal Reserve, of Governors, Capitol, REUTERS, U.S, Senate, Bank, Fed Board, Democratic, Wednesday, Jefferson, JPMorgan, Fed, Thomson Locations: Washington , U.S, Cuban, United States, U.S

[1/2] Cars are shown lined up at the valet parking area outside the Creative Artists Agency building in Los Angeles, California, September 24, 2012. REUTERS/Jonathan Alcorn Acquire Licensing RightsPARIS, Sept 7 (Reuters) - French luxury goods billionaire Francois-Henri Pinault has reached an agreement for a majority stake in Creative Artists Agency (CAA), adding Hollywood's premiere talent agency to his family empire which spans fashion, wine and contemporary art, parties involved said on Tuesday. The presence of stars like Beyonce, Zendaya and Rihanna have become key to drawing the spotlight to fashion shows, and Kering's larger rival LVMH(LVMH.PA) recruited Pharrell Williams to head menswear designs for Louis Vuitton. TPG first invested in CAA in 2010 and, in 2014, increased its stake to 53% in a deal valuing the agency at $1.1 billion. Global investment firm Temasek will remain a minority investor in the agency while CMC Capital will remain a "strategic partner", according to a statement.

Persons: Jonathan Alcorn, Francois, Henri Pinault, Pinault, Gucci, Beyonce, Zendaya, Rihanna, Pharrell Williams, Louis Vuitton, Pinault's, Salma Hayek, Valentino, perfumer, Bryan Lourd, Kevin Huvane, Richard Lovett, Lourd, Sudip Kar, Mimosa Spencer, Dawn Chmielewski, Jonathan Oatis, Tomasz Janowski, Timothy Gardner Organizations: Creative Artists Agency, REUTERS, Rights, CAA, Artemis, TPG, Global, CMC Capital, Thomson Locations: Los Angeles , California, Los Angeles, Hollywood, Temasek, Paris

☆ US presses Mexico to devote sufficient resources against fentanyl- official
▼ + stars: | 2023-09-07 | by ( Matt Spetalnick | ) www.reuters.com time to read: +2 min

Fentanyl pills found by officers from the Drug Enforcement Administration are seen in this handout picture, in New York, U.S., October 4, 2022. Drug Enforcement Administration/Handout via REUTERS Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - The Biden administration is facing an "unwillingness" by Mexico to devote enough resources to help stem the flow of the illegal drug fentanyl into the United States, and is pressing Mexican authorities to do more, a U.S. official said on Thursday. President Joe Biden's administration has been seeking increased cooperation from both Mexico and China in curbing the flow of fentanyl and its precursor chemicals, which have fueled a sharp rise in U.S. overdose deaths. “To be honest, the challenge that we have with Mexico is their unwillingness to put … sufficient resources into the fight, and we are pushing them to do that,” Robinson said when asked whether Mexico was showing enough political will to tackle the fentanyl crisis. Mexican Foreign Minister Alicia Barcena said on August 10 that Mexico was developing a digital tracking system for fentanyl precursor chemicals, including methods to detect the substances at Mexico's ports and border crossing points.

Persons: Biden, Todd Robinson, Joe Biden's, ” Robinson, ”, Alicia Barcena, Andres Manuel Lopez Obrador, Xi Jinping, Matt Spetalnick, Timothy Gardner Organizations: Drug, Administration, Handout, REUTERS Acquire, Rights, U.S, Foreign, U.S ., Thomson Locations: New York, U.S, Mexico, United States, China, Mexican, Washington, U.S . Mexican

☆ I'm a college-admissions expert. Don't join extracurriculars just so you have an impressive résumé — schools will see right through it.
▼ + stars: | 2023-09-07 | by ( Steve Gardner | ) www.businessinsider.com time to read: +5 min

As a college-prep expert, I've learned admissions officers are looking for memorable students. Instead, they should find their core values and work on projects that fit within those values. Recently, I've noticed a shift in what college-admissions officers are looking for in applications from students. Once a teen knows their core values, they can design a custom project that works to solve something violating those core values in their community. Each of these teens has a unique project that speaks directly to their core values — that also ignites their passion.

Persons: I've, doesn't, Brianna Organizations: Service Locations: Wall, Silicon

☆ Mexican ruling party engulfed in presidential nomination dispute
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +3 min

Ebrard's campaign has for weeks said there were problems in the national voter survey to choose a MORENA candidate, and in recent days stepped up warnings. Shortly afterward, Ebrard issued a statement saying police had prevented his representatives from entering where the party was counting the national poll ballots. In another video shared on social media, Ebrard said the situation was becoming "more and more like the PRI", or the Institutional Revolutionary Party. The main opposition alliance last week selected as its presidential candidate Xochitl Galvez, a charismatic and unconventional senator of Indigenous origin who overcame an impoverished background to become a successful entrepreneur. Reporting by Dave Graham and Adriana Barrera editing by Timothy Gardner, Cassandra Garrison and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Marcelo Ebrard, MORENA, Mexico City Mayor Claudia Sheinbaum, Iztapalapa, Alfonso Durazo, Durazo, Ebrard, we're, Andres Manuel Lopez Obrador, Xochitl Galvez, Lopez Obrador, Dave Graham, Adriana Barrera, Timothy Gardner, Cassandra Garrison, Josie Kao Organizations: Mexico City Mayor, MEXICO CITY, National Regeneration, Institutional Revolutionary Party, PRI, Tuesday, Thomson Locations: Mexico City, Mexico, MEXICO, MORENA

☆ SunnyD Vodka Seltzer and other alcohol that looks like juice is everywhere. Some states are cracking down to avoid confusing shoppers.
▼ + stars: | 2023-09-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

There's also SunnyD Vodka Seltzer, made by Harvest Hill Beverage Company and on shelves since March, as well as Hard Mountain Dew, which is made by PepsiCo and the Boston Beer Company. Harvest Hill, which makes SunnyD Vodka Seltzer, pointed to the words "Vodka" and "contains alcohol" on its packaging for the beverage. Drinks like Hard Mountain Dew and SunnyD Vodka Seltzer have drawn criticism from consumer advocacy groups and public health experts for years. Sugary and fruity alcoholic beverages, such as White Claw hard seltzer, began to gain popularity at the end of the last decade. Besides potentially causing confusion, the beverages' sweet tastes make it easy to down one — or several — compared to traditional alcoholic beverages like beer.

Persons: Molson Coors, There's, Seltzer, Lisa Gardner, Molson, seltzer, Pamela Trangenstein Organizations: Service, Coca, Coke, Harvest Hill Beverage Company, PepsiCo, Boston Beer Company, Wall Street, Regulators, Illinois Liquor Control Commission, Illinois Commission, ., Cola, Molson Coors, Boston Beer, Public Health Institute, New York Times Locations: Wall, Silicon, . Virginia, Harvest Hill

Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected. "This is a clear indication that oil prices trump volume (for Saudi Arabia)," said Jorge Leon, senior vice president at Rystad Energy. "These bullish moves significantly tighten the global oil market and can only result in one thing: higher oil prices worldwide," Leon added. Both Saudi Arabia and Russia said they would review the supply cuts monthly, and could modify them depending on market conditions. Along with the Saudi supply cuts, which began in July, prospects of the U.S. economy avoiding a hard recession have helped lift oil demand and prices in recent months.

Persons: Nick Oxford, Brent, Goldman Sachs, Jorge Leon, Leon, Giovanni Staunovo, Shariq Khan, Natalie Grover, Katya Golubkova, Andrew Hayley, Andrea Ricci, Nick Macfie, Timothy Gardner Organizations: Midland , Texas U.S, REUTERS, Brent, . West Texas, Investors, Rystad Energy, UBS, Thomson Locations: Midland , Texas, Saudi Arabia, Russia, BENGALURU, 4Q23, U.S, Saudi

The U.S. in January granted Venezuela's PDVSA, Shell and NGC a two-year authorization to revive the project, which could boost Trinidad and Tobago's gas processing and exports. Negotiations between the trio initially had progressed little over a U.S. demand that the proposed Dragon gas project exclude cash payments to Venezuela or its state companies. "Discussions on the Dragon project involving the governments of Venezuela and Trinidad and Tobago and Shell are ongoing and commercially confidential," Shell told Reuters. PDVSA, Venezuela's oil ministry and Trinidad's energy ministry did not reply to requests for comment. A second could connect to Shell's Hibiscus field on Trinidad's side, allowing gas to flow to Trinidad, the people said.

Persons: Chris Helgren, Venezuela's PDVSA, Biden, PDVSA, Shell, Stuart Young, Nicolas Maduro, Keith Rowley, Trinidad's, Curtis Williams, Marianna Parraga, Timothy Gardner, Marguerita Choy Organizations: Shell, REUTERS, Rights, Tobago's National Gas Company, NGC, Reuters, Trinidad's Energy, U.S . Treasury, U.S . State Department, Trinidad's, U.S, Washington, Thomson Locations: Vancouver , British Columbia, Canada, Trinidad, U.S, Venezuela, Trinidad and Tobago, Maduro, Guiria, Point Fortin, Houston, Washington

☆ An Evolving Salt Lake City Hopes to Be ‘Just Like Austin’
▼ + stars: | 2023-09-05 | by ( Miranda S. Spivack | ) www.nytimes.com time to read: +1 min

Also seeding tech start-ups are Kimmy and Sergio Paluch, who founded Beta Boom, which funds underrepresented tech entrepreneurs who lack easy access to capital. Like many other recent arrivals, Ms. Paluch said, she wanted to be part of the evolving city but was also acutely aware that the growth had raised housing prices. The state, unlike many others, does not require developers to include affordable housing in their projects. In the past, “you had to look really hard to find the underground, the arts, the music,” said Ms. Brown, who is also the executive director of Craft Lake City, which organizes arts festivals in the city. “But you do not have to go outside of our state to find incredible talent,” she added.

Persons: Sergio Paluch, Paluch, ”, Redfin, Mendenhall, Angela H, Brown, “ Organizations: Beta, Gardner Policy, University of Utah, Craft Locations: Utah, Salt, Craft Lake City

☆ Bankrupt Lordstown Motors proposes zero payment for Foxconn shares
▼ + stars: | 2023-09-05 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Lordstown Motors and Foxconn logos are seen in this illustration taken, May 2, 2023. Even if the sale generates enough money for a shareholder payout, Lordstown proposed to pay nothing to the 300,000 preferred equity shares held by its estranged former business partner Foxconn. Lordstown alleged that Foxconn purchased only $30 million of the $100 million in preferred equity shares contemplated by the disputed investment agreement. Foxconn also purchased $22.7 million of Lordstown's common shares, owning about 8.4% of the company's equity, according to court documents. Foxconn had asked a U.S. bankruptcy judge to dismiss Lordstown's bankruptcy, a request that the judge denied on Aug. 28.

Persons: Dado Ruvic, Taiwan's Foxconn's, Lordstown, Karma, Foxconn, Dietrich Knauth, Alexia Garamfalvi, Timothy Gardner Organizations: Lordstown Motors, REUTERS, Lordstown's, Hai Precision Industry, Thomson Locations: Ohio, Delaware, Lordstown's

☆ US says 52 million air bag inflators should be recalled over rupture threat
▼ + stars: | 2023-09-05 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Sept 5 (Reuters) - U.S. auto safety regulators said on Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive need to be recalled because they may rupture and send dangerous metal fragments flying. GM in May agreed to recall nearly 1 million vehicles with ARC air bag inflators after a rupture in March resulted in facial injuries to a driver. Delphi Automotive, acquired by Autoliv (ALV.N), manufactured approximately 11 million of the inflators through 2004 under a licensing agreement with ARC, which manufactured the remaining 41 million inflators. NHTSA has been scrutinizing air bag inflator ruptures for more than 15 years. Over the last decade, more than 67 million Takata air bag inflators have been recalled in the United States and more than 100 million worldwide, the biggest auto safety callback on record.

Persons: Autoliv, David Shepardson, Jonathan Oatis, Leslie Adler, Timothy Gardner Organizations: ARC Automotive, Delphi, Traffic Safety Administration, ARC, NHTSA, General Motors, Ford Motor, Toyota, Hyundai, Kia, Mercedes, Benz, BMW, Volkswagen, ARC inflators, GM, Delphi Automotive, Autoliv, Thomson Locations: United States, U.S

☆ UK house prices fall by most since 2009, Nationwide says
▼ + stars: | 2023-09-01 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Prices dropped by 0.8% in August alone, the largest monthly fall since March, after a 0.3% decline in July, Nationwide's figures showed. The Bank of England has raised interest rates 14 times since December 2021 to 5.25%, and financial markets expect another rate increase this month to 5.5%. However Andrew Wishart, senior property economist at Capital Economics, said he expected house prices had another 5% to fall, taking the total peak-to-trough decline to 10.5%. "We think the August data marks the start of a significant further drop in house prices," he said, pointing to weakness in the latest Royal Institution of Chartered Surveyors survey, which shows the most widespread price falls since 2009. The poll showed respondents expected house prices to be unchanged in 2024 and to rise just over 3% in 2025.

Persons: Alishia, Robert Gardner, Gardner, Andrew Wishart, David Milliken, Sarah Young, Mike Harrison Organizations: REUTERS, Nationwide, The Bank of England, BBC, Capital Economics, Royal Institution, Chartered Surveyors, Thomson Locations: South London, Britain

The Chevron office is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela December 2, 2022. The Chevron-led (CVX.N) consortium proposed connecting the Aphrodite gas field via a subsea pipeline and existing infrastructure to Egypt, where the gas can be sold in the domestic market or liquefied and shipped to Europe, which has largely been cut off from Russian supplies. The partners have engaged in a new round of talks with the Cypriot government, Israel's NewMed (NWMDp.TA), which is a partner in the Aphrodite field, said earlier this week. Chevron is a partner in the field with NewMed and Shell (SHEL.L). "We believe it is important that Aphrodite is expeditiously developed for the benefit of Cyprus, the Eastern Mediterranean region and European and other international markets," Chevron said.

Persons: Gaby Oraa, George Papanastasiou, Papanastasiou, Israel's, Biden, expeditiously, Chevron, Mark Potter, Leslie Adler Organizations: Chevron, U.S, REUTERS, Washington, Cypriot Energy, Reuters, Cypriot, Shell, Cypriot Government, Thomson Locations: Venezuela, Caracas, Cyprus, U.S, Egypt, Europe, Republic of Cyprus, United States, Ukraine, Nicosia

☆ We will probably get a government shutdown, but markets will look past it: Stifel's Brian Gardner
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe will probably get a government shutdown, but markets will look past it: Stifel's Brian GardnerBrian Gardner, Stifel Financial chief Washington policy strategist, joins 'Squawk Box' to discuss the return of Congress after Labor Day, whether the U.S. can avoid a government shutdown, the impact on markets and investors, Commerce Secretary Gina Raimondo's trip to China, and more.

Persons: Brian Gardner Brian Gardner, Gina Raimondo's Organizations: Stifel Financial, Labor Locations: Washington, U.S, China

REUTERS/Callaghan O'Hare/File Photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - The Biden administration is offering $12 billion in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday. "I don't know that this will have an impact on the collective bargaining," Granholm said, adding that the administration has spoken with automakers, auto workers, and communities. The administration will also offer $3.5 billion in funding to domestic battery manufacturers, Granholm said. For the advanced vehicles, $2 billion in grants will come from the Inflation Reduction Act which was passed by Democrats last year, and $10 billion in loans will derive from the Energy Department's Loans Program Office. Reporting by Timothy Gardner in Washington Editing by Bill Berkrot and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Energy Jennifer Granholm, Daniel Yergin, Callaghan O'Hare, Biden, Jennifer Granholm, Granholm, Joe Biden, Shawn Fain, Timothy Gardner, Bill Berkrot, Matthew Lewis Organizations: Energy, P Global, REUTERS, Rights, United Auto Workers, UAW, Detroit Three, Energy Department, Thomson Locations: Houston , Texas, U.S, Michigan, Michigan , Ohio , Illinois, Indiana, Belvidere , Illinois, Washington

☆ US offers $12 billion for automakers, suppliers to make advanced vehicles
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Callaghan O'Hare/File Photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - The United States is making $12 billion available in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm told reporters on Thursday. The Biden administration will also offer $3.5 billion in funding to domestic battery manufacturers, Granholm said. For the advanced vehicles, $2 billion of the funding will come from the Inflation Reduction Act which Democrats passed last year, and $10 billion will come from the Energy Department's Loans Program Office, Granholm said. The automaker has left open the possibility that the factory could get a new product with government aid. Reporting by Timothy Gardner in Washington Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Energy Jennifer Granholm, Daniel Yergin, Callaghan O'Hare, Jennifer Granholm, Biden, Granholm, Shawn Fain, Timothy Gardner, Matthew Lewis Organizations: Energy, P Global, REUTERS, Rights, United Auto Workers, UAW, Thomson Locations: Houston , Texas, U.S, United States, Michigan , Ohio , Illinois, Indiana, Belvidere , Illinois, Washington

☆ Energy storage firm EOS nabs conditional loan guarantee of up to $400 million
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Aug 31 (Reuters) - Long-term energy storage company EOS Energy Enterprises (EOSE.O) has received a conditional commitment for an up-to $400 million loan guarantee from the federal government, an office of the U.S. Department of Energy said on Thursday. The loan guarantee is for construction of four manufacturing lines to produce next-generation utility and industrial scalezinc bromine battery energy storage systems in Turtle Creek, Pennsylvania, the Loan Programs Office said. EOS said the total cost of the project, called AMAZE, will be $500 million. AMAZE is expected to create up to 50 union contractor construction jobs and as many as 650 new operations jobs when at full capacity, it said. Reporting by Timothy Gardner Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: EOS, AMAZE, Timothy Gardner, Marguerita Choy Organizations: EOS Energy Enterprises, U.S . Department of Energy, Office, Thomson Locations: Turtle Creek , Pennsylvania

The Liberian-flagged oil tanker Ice Energy transfers crude oil from the Iranian-flagged oil tanker Lana (former Pegas), off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. The United States has sought to limit Iran's oil exports since Donald Trump exited a 2015 nuclear accord in 2018 and re-imposed sanctions aimed at curbing revenues to Iran's government. SVB International, a consultant, estimates Iran's oil production increased in August to 3.15 million barrels per day (bpd), the highest since 2018, with crude oil and condensate exports at just under 2 million bpd. Kpler, a provider of flows data, expects August crude exports to average about 1.2 million bpd, down from a 2018 high of 1.54 million bpd reached in May. Iran's oil minister was quoted by state media as saying crude output will reach 3.4 million bpd by the end of September.

Persons: Costas Baltas, Donald Trump, Joe Biden's, Sara Vakhshouri, Jake Sullivan, Biden, Kevin, Ben Cahill, Vakhshouri, Alex Lawyer, Timothy Gardner, Andy Sullivan Organizations: Liberian, Ice Energy, REUTERS, Analysts, United, SVB, Reuters, White, National, ClearView Energy Partners, U.S . State Department, Treasury Department, Center for Strategic, International Studies, Organization of, Petroleum, Tanker, Thomson Locations: Karystos, Evia, Greece, WASHINGTON, Tehran, China, United States, Iran, South Korea, U.S, Syria, Venezuela, OPEC, Russia, London, Washington

☆ Meta's stricter RTO stance risks more unrest amid frequent policy changes, leadership expert says
▼ + stars: | 2023-08-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

There have been many changes at Meta and the RTO stance may cause more unrest, an expert told CNBC. Other tech firms that ordered staff to work in the office some or all of the time sparked backlash. AdvertisementAdvertisementMeta's stance on remote work shows it's talking tough, but given that other tech companies have faced a backlash over RTO directives, it's unlikely that Meta will have an easier ride. The new policy could be disruptive for Meta staff and affect trust within the company, according to one expert. "Establishing trustworthiness is an essential part of being a leader, and it takes empathy to create that trust," Gardner told CNBC.

Persons: Lori Goler, Goler, Heidi K, Gardner, Ipsos Organizations: Meta, CNBC, Harvard Law, The Washington Post

☆ She Was Depressed and Forgetful. It Was the Worm in Her Brain.
▼ + stars: | 2023-08-29 | by ( Amanda Holpuch | More About Amanda Holpuch | ) www.nytimes.com time to read: +1 min

Roundworms infect hundreds of millions of people globally, according to the Cleveland Clinic, but the researchers in Australia said this was the first report of the Ophidascaris worm species infecting a human. The woman may have been infected by the worm the same way small animals typically are: by accidentally consuming worm eggs. Carpet pythons were at a lake area near where the woman lived, the article said. She had no direct contact with the snakes but often gathered warrigal greens, which are similar to spinach, from around the lake to cook. The article said that she could have inadvertently consumed worm eggs by eating the greens or because her hands or her kitchen were contaminated by them.

Persons: Scott Gardner, ” Dr, Gardner, we’re immunocompromised, ” Organizations: Cleveland Clinic, Manter, Parasitology, University of Nebraska Locations: Australia, Lincoln

☆ Bob Barker, long-time US TV game show host, dies at age 99
▼ + stars: | 2023-08-26 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

[1/2] Bob Barker introduces the "Plinko" game segment during the taping of his final episode of the game show "The Price Is Right" in Los Angeles June 6, 2007. Barker died on Saturday morning of natural causes at his longtime Hollywood Hills, California, home, his publicist Roger Neal said. "No, I'm working," deadpanned Barker, known for his good-natured humor. In the film "Happy Gilmore," Barker played himself in a memorable scene in which he was playing in a golf pro-am tournament with Sandler's character, an excitable failed hockey player turned golfer. Even before his stint on that show wrapped up, Barker began hosting "The Price Is Right" on CBS.

Persons: Bob Barker, Fred Prouser, Barker, Happy Gilmore, Adam Sandler, Roger Neal, bray, deadpanned Barker, Sandler, Chuck Norris, Dorothy, Will Dunham, Paul Grant, Timothy Gardner, Bill Trott, Diane Craft Organizations: REUTERS, Hollywood, Sea, Sea Shepherd Conservation Society, Hartford Courant, Miss USA, Miss Universe, NBC, CBS, Thomson Locations: Los Angeles, Hollywood Hills , California, Sea Shepherd, U.S, Darrington , Washington

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