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☆ The N.F.L. Looks Beyond Game Day to Try to Create a Streaming Universe
▼ + stars: | 2023-11-14 | by ( Emmanuel Morgan | More About Emmanuel Morgan | ) www.nytimes.com time to read: +1 min

The National Football League has long been a broadcast juggernaut, with its games accounting for 83 of the nation’s 100 most-viewed telecasts last year, according to the ratings firm Nielsen. But as the reach of traditional television wanes, and major live events like the Academy Awards and the World Series face historically low ratings, the N.F.L. is embarking on an ambitious strategy to try to maintain its dominance. “Quarterback,” an eight-episode documentary that followed Patrick Mahomes and others during his second M.V.P. season, was the most-watched series on Netflix for more than a week in July.

Persons: Nielsen, ”, Patrick Mahomes, Barry, Barry Sanders, Houdini, Jerry Jones Organizations: Detroit Lions, Dallas Cowboys, National Football League, Netflix, Amazon, Cowboys

☆ US commandos showed off their little-known underwater skills in Army Special Operations Commands' best combat diver competition
▼ + stars: | 2023-11-11 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

In September, US commandos showed off their skills during the US Army Special Operations Command Best Combat Diver Competition — and Army Special Forces divers flexed their little-known underwater muscles to triumph over their Navy brethren. AdvertisementAdvertisementCompetitors in the Army Special Operations Command Best Dive Team Competition at Naval Air Station Key West on September 25. AdvertisementAdvertisementCompetitors begin a dive event during the Army Special Operations Command Best Combat Diver Competition in Key West in September. AdvertisementAdvertisementCombat diving revivalThe 5th Special Forces Group team takes title of best combat dive team during the Army Special Operations Command Best Combat Diver Competition in late September. Competitors in a pool event during the Army Special Operations Command Best Combat Diver Competition in late September.

Persons: —, US Army John F, Maj, Brandon Schwartz, Emely Opio, Wright, Lino Miani, aren't Organizations: Special Operations Command, Commandos, US Army, Navy, Service, US Army Special, Army Special Forces, Naval Air Station Key, Army, Army Special, Naval Air Station, West, Kennedy Special Warfare Center and School, Green Berets, Special Forces Group, Warfare Training Group, 5th Special Forces Group, Special Forces Underwater Operations, Green, Beret, Special Forces, Key West, 1st Special Forces Command, National Guard, Green Beret, Special Forces Command, Combat, Foundation, Pacific, Command, National Guard Green Locations: Russia, China, Key, Iraq, Afghanistan

☆ US troops came home feeling 'cursed' and seeing ghosts after intense artillery battles with the Islamic State
▼ + stars: | 2023-11-05 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

The New York Times reported that some troops returned seeing ghosts and feeling "cursed." But many of those troops have nonetheless come back with debilitating psychological issues, The New York Times reported Sunday, an apparent product of that US strategy. At issue, it seems, is the sheer number of times US soldiers fired artillery rounds at Islamic State targets. One man came back seeing "the ghost of a dead girl" in his kitchen, an apparition he believed was an Islamic State hex. Indeed, many of those deployed in artillery units "came home feeling cursed," The Times reported.

Persons: —, Gary Kamimori, Kamimori Organizations: ISIS, New York Times, Service, Islamic, Times, Army Locations: United States, Iraq, Syria, State, Vietnam

☆ Ukraine's new ATACMS missiles perfectly exploit a gap in Russia's tactics, expert says
▼ + stars: | 2023-10-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine has started using its US-donated ATACMS missiles to great effect. AdvertisementAdvertisementThe long-range ATACMS missiles that Ukraine got from the US are putting Russia on the back foot, rendering one of its tactics less effective, an expert told Insider. But now Ukraine can hit equipment that is spread further apart thanks to the ATACMS cluster munitions. Ukraine can hit "targets where you need to hit a wide range of targets in one location," said Bailey. Ukraine said at it expended at least four missiles in the ATACMS strike [which took out far more than four targets?].

Persons: —, Riley Bailey, ATACMS, Bailey, Serhii Mykhalchuk, Mykhailo Podolyak, Volodymyr Zelenskyy Organizations: Service, Institute for, Getty Images, Storm, of Defense, HIMARS, Aircraft, US Locations: Ukraine, Russia, Russian, France, Ukrainian, Bakhmut

WASHINGTON (AP) — Vice President Kamala Harris will attend a summit on artificial intelligence in the United Kingdom next week, shortly after President Joe Biden issues a highly anticipated executive order on an emerging technology that has generated excitement and fear. Harris will deliver a speech outlining the Democratic administration’s approach to artificial intelligence on Nov. 1 before attending a summit on the topic the next day. U.S. and European officials have spoken of working with “like-minded countries” to draw up guardrails for artificial intelligence. “There can be no serious strategy for AI without at least trying to engage all of the world’s leading AI powers,” he said. “That might not have been the easy thing to do, but it was the right thing to do.” ___Chan reported from London.

Persons: Kamala Harris, Joe Biden, she’ll, Douglas Emhoff, Harris, Emhoff, Kirsten Allen, Rishi Sunak, Sunak, ”, ___ Chan Organizations: WASHINGTON, —, Democratic, European, Britain, what's Locations: United Kingdom, European Union, Bletchley, London, China, U.S, Beijing

☆ Humanity could 'lose control' of AI, UK PM warns, as Britain seeks leading role in the tech
▼ + stars: | 2023-10-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Sunak's speech came as the British government gears up to host the AI Safety Summit next week. Sunak announced that the U.K. will set up the world's first AI safety institute to evaluate and test new types of AI in order understand the risks. At the AI Safety Summit next week, Sunak said he will propose to set up a "truly global expert panel nominated by the countries and organizations attending to publish a state of AI science report." The U.K. has some notable AI firms, such as Alphabet-owned DeepMind, as well as strong tech-geared universities. But there can be no serious strategy for AI without at least trying to engage all of the world's leading AI powers," Sunak said.

Persons: Sunak, Rishi Sunak, Bard chatbot Organizations: Britain's, U.S Locations: British, Bletchley, today's, U.S, China, Britain, Washington, Beijing

☆ Analysis: US is mounting a frantic effort to head off a wider Middle East war
▼ + stars: | 2023-10-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —US leaders are mounting an urgent effort to prevent Israel’s war against Hamas and a resulting civilian catastrophe in Gaza from escalating into a widening regional conflict that could snowball into an even greater geopolitical crisis after this month’s horrific attacks. If we look at the issue of water – we all know water is life – Gaza is running out of water, and Gaza is running out of life,” Lazzarini said. Hamas has urged civilians to ignore Israeli warnings to evacuate the northern part of Gaza. Back in Washington, the administration is expected to offer a full classified briefing on the situation to senators Wednesday. “Whether it is 24 hours, 48 hours, whether it is by next week, the fact is, it’s coming,” he said.

Persons: Joe Biden, “, Biden, Antony, Jake Sullivan, ” Sullivan, ”, Philippe Lazzarini, Gazans, ” Lazzarini, Israel, he’d, Benjamin Netanyahu, Blinken, we’ve, Sullivan, CNN’s Jake Tapper, David Satterfield, Prince Mohammed bin Salman, Netanyahu, it’s, ” Biden, Chuck Schumer, Republican Sen, Mitt Romney, Utah –, Aaron David Miller Organizations: CNN, Hamas, Antony Blinken’s, Administration, Union, CBS, United Nations Relief, Works Agency, United Arab, State Department, West Bank, United Nations, ISIS, ”, Israel, Representatives, Republican, New York Democrat, Tel, Veteran US Locations: Gaza, Israel, Palestinian, Egypt, United States, Washington, Saudi Arabia, “ State, Iran, Blinken, United Arab Emirates, Jordan, Bahrain, Cairo, Rafah, Turkey, Lebanese, Lebanon, Islamic Republic, Iraq, Syria, Saudi, Ukraine, America, Tel Aviv, Utah, East

"The goal truly is channels of communication and ensuring we don't veer into conflict - simple as that," said a senior Biden administration official. The Biden administration wants to counter the country's growing military without provoking a conflict and to push back on what it considers unfair business practices while avoiding an all-out trade war. "The criticism we get from some on (Capitol) Hill and some in the academic community, of course, is that competing means you can't talk to China," said the administration official. NO DELAY IN CHINA POLICIESAdministration officials acknowledge China may see the U.S. push to engage as a chance to weaken or slow Washington's policies targeting China, particularly on exports in strategic industries such as semiconductors, but deny that this is happening. The administration official denied the delays were to avoid upsetting China but were about "getting the technical pieces right, and balancing economic impact on our own domestic competitiveness."

Persons: Antony Blinken, Leah Millis, Biden, Joe Biden, Xi Jinping, Ivan Kanapathy, Travis King, China –, Xi, San Francisco – doesn't, Mike Gallagher, Michael Martina, Humeyra Pamuk, Don Durfee Organizations: U.S, State Department, REUTERS, Rights, Biden, China, gaslight, White House National Security, Economic Cooperation, Republicans, China's Communist Party, CCP, Democratic, Inspur, Diplomats, Blinken, Thomson Locations: Mexico, Washington , U.S, United States, China, Beijing, U.S, stonewall, Asia, North Korea, San Francisco, CHINA, South China, Lincoln

The lawsuit against the IRS is only the latest in a series of counterpunches by the president's son. Now, Hunter Biden could be heading to trial in the midst of his father’s reelection effort. Hunter Biden, according to his memoir, tumbled into drug addiction after the death of his older brother, Beau, in 2015. Earlier this year Hunter Biden hired high-profile attorney Abbe Lowell, a legal heavyweight known for also representing Jared Kushner and Ivanka Trump. “And it is not even touching on the issue of whether people think that he is being prosecuted because he’s Hunter Biden," she said.

Persons: — Hunter Biden, Hunter, Biden, Hunter Biden aren't, ”, David Brock, “, Hunter Biden, Hunter Biden’s, Donald Trump, Biden hasn't, Trump, Hunter Biden's, Michael LaRosa, ” LaRosa, Joe Biden, —, that's, Beau, Abbe Lowell, Jared Kushner, Ivanka Trump, Mr, Jennifer Rodgers, he’s Hunter Biden, ___ Durkin, Michael Balsamo Organizations: WASHINGTON, IRS, White, Democratic, Biden, Associated Press, House Republicans, Trump, Justice Department, Republicans, NORC, for Public Affairs Research Locations: United States, Delaware, Boston

☆ The strengths and weaknesses of the Georgia election meddling case against Trump and his allies
▼ + stars: | 2023-08-16 | by ( Tierney Sneed | ) edition.cnn.com time to read: +10 min

“It’s a type of criminal liability that you can get in trouble for things that other people do,” said Ashleigh Merchant, a Georgia criminal defense attorney with experience in RICO cases. And she’ll be navigating around a federal prosecution of Trump for his 2020 election reversal schemes that has taken a much narrower approach. Here are the strengths and weaknesses of Willis’ strategy:Georgia’s sweeping RICO lawGeorgia’s version of a RICO law – which stands for Racketeer Influenced and Corrupt Organizations Act – is broader than the federal counterpart. Additionally, there is not much appellate case law around the state’s RICO statute, criminal defense attorneys in Georgia told CNN. There stands to be a significant overlap in evidence – including with testimony from some of the same witnesses – in the federal and Georgia cases.

Persons: Donald Trump, Fani Willis –, “, ”, Ashleigh Merchant, CNN Willis, Trump, Willis, Racketeer, Sandy Wallack, that’s, Trump's, Andrew Fleischman, Willis ’, ” Fleischman, Feedback Giuliani, he's, Mark Meadows, Steve Vladeck, Scott McAfee, –, ” Merchant, Jack Smith, Jack Smith’s, Smith, Trump’s, Clark Cunningham, ” Cunningham, It’s Organizations: CNN, Trump, Trump White House, state’s, Georgia, White House, CNN Supreme, University of Texas School of Law, Appeals, Georgia State University Locations: Fulton County, Atlanta, Georgia, Coffee County

☆ Auto supplier Magna to invest $790 mln to build three new facilities
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

July 20 (Reuters) - Canadian auto parts maker Magna International Inc (MG.TO) said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co's (F.N) BlueOval City campus in Tennessee. The development comes as suppliers race to meet requirements from automakers, who have been hustling to boost their electric vehicle output as demand for environmentally friendly vehicles surges. Magna's facilities will support production of Ford's second-generation electric truck, the Canadian company said in a statement. Ford in March said it plans to build up to 500,000 electric trucks a year at its BlueOval City complex under construction. A third Magna facility in Lawrenceburg will produce vehicle frames, the company said.

Persons: Ford's, Magna, Priyamvada, Nivedita Organizations: Magna International Inc, Ford Motor, Ford, Thomson Locations: BlueOval City, Tennessee, Ford's, BlueOval, Detroit, Lawrenceburg, Bengaluru

☆ Citi downgrades U.S. stocks, sees S&P 500 pull back 9% to 4,000
▼ + stars: | 2023-07-10 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Strategists at Citi downgraded U.S. equities after a strong first half of 2023, saying an economic slowdown will weigh on company earnings. The Wall Street firm slashed the rating to neutral from overweight Monday and said the S & P 500 will pull back 9% to end the year at 4,000. "After a solid 1H, US outperformance may go on pause," Citi strategists said in a note. The market ended the first half of the year with a bang as the S & P 500 popped 15.9% for its best first half since 2019. The S & P 500 shed 1.2% last week.

Organizations: Citi, US Strategy, Nasdaq, Federal Reserve, Wall Street, CNBC

☆ Inside Netflix's growing M&A machine, who's leading it, and what insiders think the streamer could buy next
▼ + stars: | 2023-06-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

It then delved further into M&A to kickstart its games business. And the streamer hasn't completely abandoned its build-from-within strategy, as it also announced plans last fall to build its own gaming studio in Finland. He recently was elevated to the Lstaff, a group of 25 Netflix business heads who debate its biggest initiatives. (Netflix ended up doing a partnership in 2019 with that company, Studio Dragon, and its parent CJ ENM.) But leadership has been steadfast that Netflix's M&A mantra hasn't changed.

Persons: Here's, Reed Hastings, It's, it's, who's, what's, Roald Dahl, Dahl, Peter Rabbit, Spry, Harry Potter, execs, Spencer Wang, Michael Porter, Spencer Neumann, who'd, Neumann, Wang, Greg Peters, Ted Sarandos, Bela Bajaria, Scott Stuber, Mike Verdu, Jay MacDonald, Digiday, Ana Milicevic, Hastings, Sarandos, CJ ENM, Mario Organizations: Netflix, stoke, Paramount, Night School, Spry Fox, Disney, Warner Bros, DC Comics, Digital Capital Advisors, MLB, Surf League, Street Journal, Microsoft, Sparrow Advisers, MGM, Amazon, Mario Bros, Activision Blizzard, Epic Games, UBS Locations: Finland, New Jersey, Hollywood

☆ Shipping tax could yield $100 bln climate windfall
▼ + stars: | 2023-06-12 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

TINOS, June 12 (Reuters Breakingviews) - The shipping industry emits 2.9% of the world's greenhouse gases. Reuters Graphics Reuters GraphicsPOLLUTER PAYSThe shipping industry uses fossil fuels to power its boats. That said, industry leaders such as container giant Maersk (MAERSKb.CO) are moving into green shipping. This potentially large sum is attracting the attention of people outside the shipping industry, especially those focused on climate change. If a country refused to apply an agreed tax, the international shipping industry would effectively be unable to operate from its ports.

Persons: TINOS, Emmanuel Macron’s, Tristan Smith, Marshall, UCL’s Smith, Al Qaeda, Peter Thal Larsen, Thomas Shum Organizations: Reuters, International Maritime Organisation, United Nations, European Union, EU, Reuters Graphics Reuters, University College London, Shipping, Climate Fund, World Bank, International Chamber of Shipping, Marshall, Al, Trade Center, Thomson Locations: Paris, Danish, Marshall

☆ Wall St Week Ahead: Surging US megacap stocks leave some wondering when to cash out
▼ + stars: | 2023-06-02 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The benchmark S&P 500 (.SPX) has risen 11.5% this year and stands at a 10-month high. The S&P 500 rose 1.45%. The recent surge in Nvidia showed how a stock can keep climbing even after posting hefty gains. At the same time, only 20.3% of S&P 500 stocks have outperformed the index on a rolling three-month basis, a record low dating back five decades, according to Ned Davis. Kotok views narrowing breadth as an ominous sign for the broader stock market, saying that equities also look less favorable in certain asset valuation metrics.

Persons: Ned Davis, Peter Tuz, Jay Hatfield, ” Hatfield, “, Brendan McDermid Michael Purves, Purves, Kevin Mahn, Refinitiv, ”, Mahn, Dow, David Kotok, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski, Diane Craft Organizations: YORK, BofA Global Research, Ned Davis Research, Chase Investment, Nvidia, Apple, Microsoft, Google, Federal Reserve, New York Stock Exchange, REUTERS, Tallbacken Capital Advisors, Nasdaq, Hennion, Walsh Asset Management, Dow Jones, Cumberland Advisors, Thomson Locations: megacap, BofA, New York City, U.S

☆ Wall St Week Ahead Surging US megacap stocks leave some wondering when to cash out
▼ + stars: | 2023-06-02 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The benchmark S&P 500 (.SPX) has risen 11% this year and stands at a 10-month high. He is overweight megacaps, including Nvidia, Microsoft and Google-parent Alphabet (GOOGL.O). The recent surge in Nvidia showed how a stock can keep climbing even after posting hefty gains. At the same time, only 20.3% of S&P 500 stocks have outperformed the index on a rolling three-month basis, a record low dating back five decades, according to Ned Davis. In one commonly used valuation metric, the S&P 500 is trading at 18.5 times forward earnings estimates compared to its historic average of 15.6 times, according to Refinitiv Datastream.

Persons: Ned Davis, Peter Tuz, Jay Hatfield, ” Hatfield, “, Michael Purves, Purves, Kevin Mahn, Refinitiv, ”, Mahn, Dow, David Kotok, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski Organizations: YORK, BofA Global Research, Ned Davis Research, Chase Investment, Nvidia, Apple, Microsoft, Google, Tallbacken Capital Advisors, Nasdaq, Hennion, Walsh Asset Management, Dow Jones, Cumberland Advisors, Thomson Locations: megacap, BofA

☆ This company could take lab-grown meat mainstream thanks to a green light from the FDA
▼ + stars: | 2023-05-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +14 min

Upside Foods' pivotal moment also comes at a key moment in the alternative meat industry. The cultivated-meat industry could have a wider consumer base than previously introduced alternative meat products, because unlike plant-based meats, it's "real" meat — minus the slaughtered animals. And, accordingly, some traditional meat companies have expressed interest in the burgeoning cultivated-meat industry, which one day could become a competitor. The cultivated-meat industry will need a similar boost if it's ever going to become a grocery store staple, Swartz said. The FDA's clearance was a voluntary premarket consultation, which means the agency has no further questions about the safety of Upside's products.

☆ What Home Depot's billion-dollar pay raise may help prove about workers
▼ + stars: | 2023-04-30 | by ( Bob Woods | ) www.cnbc.com time to read: +7 min

"We are confident we can make the investments needed to remain competitive in a tight labor market while also growing our profitability." "The [home improvement] environment seems to be weakening, not accelerating, and therefore incremental wage investments at this time would open the door to more questions and surprise. "They're behaving as they should given the tight labor market, showing leadership and not just thinking about a 12-month timeframe. And in a tight labor market, it's getting increasingly difficult to keep talent [if] you pay unlivable wages and [offer] few opportunities for growth and success." It's hard to say when, and if, Home Depot will see a demonstrable return on the monumental expenditure for its frontline workers.

☆ Saudi Arabia's TAWAL to buy European towers from United Group
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

DUBAI, April 20 (Reuters) - TAWAL, a unit of Saudi Telecom Company (stc) (7010.SE), agreed to buy tower infrastructure worth 1.22 billion-euros ($1.34 billion) from United Group in its first foray into Europe's telecoms market, the southeast European firm said on Thursday. TAWAL, a tower infrastructure unit that STC carved out in 2018, will buy the mobile infrastructure unit of United Group in Bulgaria, Croatia and Slovenia, which has more than 4,800 towers, United Group said in a statement. United Group, backed by private equity firm BC Partners, said it was TAWAL's first investment in Europe's telecoms sector. "Upon completion, TAWAL's operations in the European market will be rebranded as "TAWAL Europe" and will serve as TAWAL's platform for any future expansion in Europe," stc said. ($1 = 0.9119 euros)Reporting by Yousef Saba; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ China's 'Belt and Road' grew out of a lending spree. Now those loans may be its problem
▼ + stars: | 2023-04-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +8 min

Bloomberg | Getty ImagesAt its peak, China's Belt and Road Initiative was seen as the centerpiece of Beijing's engagement with the world. According to the report, China issued 128 emergency rescue loans worth $240 billion to 22 countries — including Pakistan, Sri Lanka and Turkey, among others. 'Trying to salvage Belt and Road'Chinese efforts to revamp Belt and Road have been underway since 2020, according to one observer. "A nod to the concern that many Belt and Road projects were not economically viable to begin with. "The increased indebtedness in many Belt and Road countries is a direct consequence of Beijing's overshooting in the pre-2020 phase," said Zhong.

☆ The US could lose up to 900 warplanes fighting a Chinese invasion of Taiwan but would emerge victorious, says think tank
▼ + stars: | 2023-04-12 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +6 min

A think tank ran war game analyses for a conflict between the US and China over Taiwan. One of the analysts told Insider the US and Taiwan would likely succeed in beating back a Chinese invasion. The Washington-based think tank, the Center for Strategic and International Studies, conducted war games last year to imagine how such a conflict would play out. The war games are designed to help envision how conflicts would play out. China conducted military drills around Taiwan following Pelosi's visit and said that further "training and war preparation" would continue, The Guardian reported.

☆ Buying the dip on energy stocks? Wall Street pros name their top picks
▼ + stars: | 2023-03-28 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks amid a recent dip in oil prices. Thummel also likes two energy infrastructure stocks — Cheniere Energy and Energy Transfer . He likes Viper Energy Partners , which owns a royalty portfolio of oilfield assets. "Viper Energy has one of the largest backlogs of tier-one locations in the [Permian] basin. Viper Energy is thus able to leverage improving energy prices while having "strong" downside support, according to Davolos.

☆ OpenAI's ambitious master plan to conquer rivals like Google in the AI race hinges on pure speed
▼ + stars: | 2023-03-27 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Moving fast looks to be the core of OpenAI's ambitious strategy to become the number one name in AI. And, importantly, OpenAI wants — or, perhaps needs — the other much faster than its competitors can. Speed is key to OpenAI's approachBy now, everyone knows OpenAI, thanks to the smash almost-overnight success of ChatGPT. Much of the process to improve its AI models is to let it connect to more data sources than ever before. But OpenAI isn't waiting around: it wants to move fast, and its ambition stretches beyond just improving ChatGPT and its other AI models.

☆ Morgan Stanley just upgraded a global energy stock it says has 'significant' potential for growth
▼ + stars: | 2023-03-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Morgan Stanley upgraded the shares of French energy firm TotalEnergies . In a March 21 note, Morgan Stanley upgraded the stock from equal weight to overweight, raising its price target to 64 euros ($69) — representing nearly 16% upside. Morgan Stanley said TotalEnergies is the only major European energy company with an upstream business that can fund all the capital expenditure needed to realize its "significant growth potential." In the report, Morgan Stanley assessed the energy production assets of major energy companies in the wake of several key events in 2022 — the Russia-Ukraine war, bad weather and disrupted supply chains — which highlighted the "fragility of global energy supply." Morgan Stanley said TotalEnergies is one of few companies under its coverage of energy companies with growth potential, and estimates it has the ability to support 3.8% growth annually till 2030.

☆ Tesla prepares for its next production hell
▼ + stars: | 2023-03-02 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

Demand woes are already threatening Tesla’s breakneck growth: cars delivered to customers have run below production of late, spurring the company to cut prices. Most promising was a presentation showing manufacturing and battery improvements reducing the cost of a “next gen vehicle” by 50%. A mere $5,000 in absolute gross profit, though, would leave little room for research and development and other operating expenses, which ran to $4,545 per car delivered last quarter. Still, Musk pulled off the seemingly impossible before when ramping up the Model 3, a messy slog he dubbed “production hell” at the time. After an opening presentation focused on the broad viability of transitioning the world to sustainable energy, Musk and fellow executives outlined goals to streamline production, reduce manufacturing costs by half and scale up energy storage products.

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