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The Biden administration on Monday said it's providing Pacific Gas & Electric Co. with a $1.1 billion grant to help the company prevent the closure of Diablo Canyon, California's last nuclear power plant. Diablo Canyon was originally scheduled to be decommissioned in two phases in 2024 and 2025, but state lawmakers in September voted to keep it open for five more years. PG&E applied for funding in the Department of Energy's initial phase of the $6 billion Civil Nuclear Credit program aimed to keep U.S. nuclear power reactors open. Diablo Canyon is California's single largest source of power, providing 8.6% of the state's total electricity and 17% of its zero-carbon electricity. Final terms of the grant are subject to negotiation and finalization, the Energy Department said, but the funding is designed to cover PG&E's anticipated losses from keeping Diablo Canyon open.
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Jim Cramer gives Johnson & Johnson his stamp of approval
  + stars: | 2022-10-18 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
CNBC's Jim Cramer on Tuesday advised investors to pick up shares of Johnson & Johnson as a long-term play. Johnson & Johnson beat top- and bottom-line expectations in its third-quarter results reported before the opening bell on Tuesday. Shares of the company closed down 0.35% after seesawing throughout the trading session — which means there's now an opportunity for investors to pick up some shares, according to Cramer. Adding to his bull case for Johnson & Johnson is the company's spinoff of its consumer health segment, which is on track for finalization next year. Disclaimer: Cramer's Charitable Trust owns shares of Johnson & Johnson.
On an adjusted operational basis, which excludes the impact of acquisitions and divestitures and currency, sales rose 8.2%. Management said on the call they continue to see this business on track for its 11th consecutive year of above-market adjusted operational sales growth in 2022. Driving the results were increased sales of Stelara on the back of market growth and market share gains in Crohn's Disease and Ulcerative Colitis. Women's Health sales increased 7.9% on an operational basis to $225 million versus the $222 million expected. On a reported basis, management tightened their EPS guidance range to $10.02 to $10.07 from $10 to $10.10 previously.
U.S. Treasury Secretary Janet Yellen talks to reporters during a news conference in the Cash Room at the Treasury Department on April 21, 2022 in Washington, DC. U.S. Treasury officials plan to press ahead at this week's IMF meetings with a cap on the price of Russian oil, despite Wednesday's decision by OPEC+ to cut oil production that's already driven gas prices higher. "We've been working on the price cap for a number of months. G-7 finance ministers announced the price cap last month. The Deputy Treasury Secretary will also consult with senior officials from over 20 participating countries, including Canada, the U.K. and the E.U., on how to redouble those efforts, according to senior Treasury officials.
Duties and Responsibilities Summary of Key Functions: Develops programme strategies in the thematic area of Effective Governance and its sub-areas. Ensures effective management and implementation of Effective Governance country programme portfolio and management of the Effective Governance Cluster team. CO business processes mapping and establishment of internal Standard Operating Procedures in Results Management, control of the workflows in the Effective Governance Cluster. Ensures effective management and implementation of Effective Governance country programme portfolio and management of the Effective Governance Cluster team, focusing on the following results: Design and formulation of country programme within thematic areas of responsibility, translating UNDP corporate priorities into local interventions. Constant monitoring and analysis of the country programme environment, timely re-adjustment of programme.
Organizations: Senior Management, UNDP, UN, Sustainable, Office, Government, UNPFSD, Management, Organization, Atlas, Financial, UNDP Country Office, Global, Administration, Economics, Law, Political Sciences, Social Sciences Locations: South, UNPFSD, Moldova, Republic of Moldova
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