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☆ US tackles climate-warming HFC industrial gases with new rules
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. The EPA also issued a proposal that aims to improve how HFCs are managed and reused, setting requirements for repairing leaky equipment, rules for using reclaimed HFCs and leak detection rules for large refrigeration equipment. The two regulatory actions come after the EPA issued a final rule in July phasing down the use of HFCs by 40% below historic levels from 2024 to 2028. The Senate voted 69-27 in September last year to ratify the global Kigali amendment to the Montreal Protocol that calls for the phase-down of HFCs. Reporting by Valerie Volcovici; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Ali Zaidi, Valerie Volcovici, Alexander Smith Organizations: United States Environmental Protection Agency, Washington , D.C, REUTERS, Rights, Environmental Protection Agency, EPA, Manufacturing, White, Thomson Locations: Washington ,, Kigali, Montreal, HFCs, U.S

☆ Here are all the portfolio moves the Club made in this week's oversold market
▼ + stars: | 2023-10-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

With the stock market deeply oversold this week, we put cash to work by picking stocks across a range of sectors including energy, technology and materials. With the market oversold, per the S & P 500 Short Range Oscillator , our investment discipline called for us to search for any dislocations within the portfolio. Tech stocks remained under pressure Tuesday afternoon, giving us an opportunity to buy 7 shares of Broadcom and lower our cost basis. But stocks returned to the red Thursday, and the market remained firmly in oversold territory. However, the market reversed course in midday trading, with all three major U.S. stock benchmarks trading sharply higher.

Persons: chipmaker, we've, –, Corona –, Jim, Elliott, We'd, Jim Cramer's, Jim Cramer, Spencer Platt Organizations: Coterra Energy, Devices, Broadcom, Starbucks, AMD, Tech, VMWare, Management, Wall, DuPont de Nemours, Oracle, Constellation Brands, DuPont, Modelo, Corona, Constellation, Elliott Management, U.S . Labor Department, Humana, CNBC, New York Stock Exchange, Getty Locations: China, oversold, ORCL, New York City

PENROSE, Colo. (AP) — Authorities are investigating the improper storage of human remains at a southern Colorado funeral home that performs “green” burials without embalming chemicals or metal caskets. The investigation centers on a building owned by the Return to Nature Funeral Home outside Colorado Springs in the small town of Penrose. Under Colorado law, green burials are legal but state code requires that any body not buried within 24 hours must be properly refrigerated. Under Colorado law, green burials are legal but state code requires that any body not buried within 24 hours must be properly refrigerated. The Return to Nature Funeral Home was licensed in Colorado Springs in 2017.

Persons: PENROSE, Joyce Pavetti, “, ”, Pavetti, Ron Alexander, Paul Saito Kahler, Hallfordhomes, Amy Beth Hanson, Mead Gruver, Matthew Brown, Jennifer Farrar Organizations: —, Deputies, Investigators, Fremont County Sheriff’s, . Navy, Nature, Pikes, Colorado, Hallfordhomes, Colorado Springs, Associated Press Locations: Colo, Colorado, Colorado Springs, Penrose, Fremont County, Fountain , Colorado, Fremont, Helena , Montana, Cheyenne , Wyoming, Billings , Montana, New York

☆ Washington reusable rocket startup Stoke Space raises $100 million
▼ + stars: | 2023-10-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Washington-based startup Stoke Space raised $100 million in new funds, the company announced Thursday, as it aims to develop a fully reusable rocket called "Nova." Stoke's latest investment round was led by Industrious Ventures – with the firm's Steve Angel, chairman of chemicals giant Linde , joining the Stoke board of directors. While a number of U.S. companies are aiming to develop reusable rockets to compete with the success of Elon Musk's SpaceX, Stoke is taking a different approach from its rivals. Stoke is developing Nova to be a "medium" class rocket that can deliver 5,000 kilograms to low Earth orbit. That puts Nova in the middle of the launch market, between Rocket Lab's "light" Electron and SpaceX's "heavy" Falcon 9 in terms of capability.

Persons: Steve Angel, fundraise, Bill Gates, Andy Lapsa, Elon, Lapsa, Nova Organizations: Stoke Space, Linde, Stoke, University of Michigan, Sparta Group, Breakthrough Energy, Point72 Ventures, MaC Ventures, Toyota Ventures, CNBC, SpaceX Locations: Washington, Stoke

In a few cases, according to NHTSA, ARC air bag inflators could be blocked by small pieces of debris, stopping the gases from escaping as they should. In May 2023, General Motors recalled 1 million GM vehicles with the air bags. NHTSA estimated the risk of one of these inflators rupturing at one in every 370,000 air bag deployments. But officials said the only way to know if an air bag has the defect is for it to actually rupture. NHTSA and various automakers are still working to get vehicle owners to replace all the air bags involved in that recall.

Persons: Jacob Tarvis, Marlene Beaudoin, Tarvis, inflators, Kia Optima, General Motors, ”, Donna Glassbrenner, Steve Gold, Gold, “, — Ford Organizations: CNN, Traffic Safety Administration, ARC Automotive, Delphi Automotive Systems, NHTSA, ARC, Chrysler Town &, General, GM, BMW, Fiat Chrysler Automobiles —, Hyundai, Kia, Benz, Porsche, Tesla, Toyota, Volkswagen Locations: United States, Canada, Turkey, Traverse

Following Thursday's trade, Jim Cramer's Charitable Trust will own 720 shares of DD, increasing its weighting in the portfolio to 1.93% from 1.76%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, hasn't, Ed Breen, Jim Cramer, Jim Organizations: DuPont de Nemours, DD, Nemours, DuPont, CNBC

☆ Head lice: What is it and what is the best treatment to get rid of it
▼ + stars: | 2023-10-04 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +7 min

“I wanted to burn my house down.”Any parent dealing with head lice can probably relate to this situation. Head lice have unfortunately become a part of raising children today, said Deborah Altschuler, president of the National Pediculosis Association. Lauren Salzberg (R), also known as Lice-Lady, treats a customer for head lice in her studio, a converted garage, in Potomac, Maryland, in November 2015. Head lice are most common among young children — 6 million to 12 million lice outbreaks occur yearly in children between 3 and 11 in the US — though adults are vulnerable to head lice as well. The best way to check if a child has lice is with a lice comb, Altschuler said.

Persons: CNN — Marianne, Marianne didn’t, Anna, Marianne, ”, “, Deborah Altschuler, Lauren Salzberg, Andrea Barthelemy, Danelle Fisher, Altschuler, Fisher, You’re, it’s, ” Fisher, You’ll, Jocelyn Solis, Moreira Organizations: CNN, National Pediculosis Association, ZUMA Press, Providence St, Health, US Centers for Disease Control Locations: Potomac , Maryland, Brazil, California, New York

☆ Siemens is case study in China de-risking dilemma
▼ + stars: | 2023-10-04 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +9 min

That’s unsettling for the likes of Siemens, $62 billion carmaker Volkswagen (VOWG_p.DE) and $39 billion chemicals group BASF (BASFn.DE). Factor in the German group’s 32% stake in Siemens Energy (ENR1n.DE) and 75% holding in Siemens Healthineers (SHLG.DE), currently worth 46 billion euros, and it adds up to 156 billion euros. The unit and Siemens’ Airport Logistics unit, which press reports say could be another divestment candidate, may only be worth 4 billion euros combined. Moreover, Kaeser already tried to boost Siemens’ valuation by partially spinning off subsidiaries. As of September, Siemens had bought back 2.5 billion euros of shares since starting a 3 billion euro share repurchase programme in November 2021.

Persons: Roland Busch, France’s Legrand, Busch, Joe Kaeser, he’s, Kaeser, Germany’s Bundesbank, Siemens, Goldman Sachs, Judith Wiese, George Hay, Oliver Taslic Organizations: Reuters, Siemens, Germany’s, Barclays, Reuters Graphics Reuters, Volkswagen, BASF, Software, Dassault, Automation, ABB, Smart Infrastructure, Siemens Energy, Siemens ’ Mobility, France’s Alstom, CRRC Corporation, Siemens ’ Airport Logistics, Siemens Healthineers, Toshiba Corp, Energy, BNP, Bloomberg, Financial Times, Thomson Locations: China, Brussels, Beijing, Germany, EMEA, Swiss, Middle Kingdom, Republic, Shenzhen, Sichuan, Chengdu, Southeast Asia, Indonesia, Vietnam, Thailand

☆ Toxic smoke from Croatia depot fire spreads in region, may spell ecological risks
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Residents near the outskirts of Osijek where the fire began were urged to remain indoors and keep windows shut as clouds of thick, black smoke enshrouded the area. Schools were closed and there were unconfirmed reports the smoke was moving towards Bosnia in the south. Ivan Anušić, governor of the Osijek-Baranja region, accused the owners of the depot, Drava International, which makes plastics, of neglect and violations of law. "This has created an ecological disaster which will hit the whole region, and some neighbouring (regions) as well." [1/5]A firefighter stands near the fire at Drava International factory near Osijek, Croatia, October 4, 2023.

Persons: Ivan Anušić, Anusic, Antonio Bronic, Dragan Vulin, Zeljko, Daria Sito, Bernadette Baum Organizations: Residents, Drava, REUTERS, Reuters Television, Thomson Locations: OSIJEK, Croatia, Croatian, Osijek, Bosnia, Baranja, Drava's

There are businesses still functional ... That’s a public health issue,” Koger continued, adding that there are also significant “cultural concerns” associated with the debris removal. The debris removal not only is occurring on an island in the Pacific Ocean, but Maui has no landfills certified to take hazardous waste. Cultural monitors, who are Native Hawaiians from Maui, are also accompanying the EPA and eventually the Corps during the cleanup. The Corps said plans are being worked out to move debris to a temporary site then eventually to permanent disposal sites in Maui County. Even so, Maui County Council Vice-Chair Yuki Lei Sugimura often hears from many anxious residents looking to return and build a new home.

Persons: ”, Cory Koger, ” Koger, Steve Calanog, King Kamehameha, ” Calanog, Micah Kamohoali’i, Wayne Tanaka, Yuki Lei Sugimura, “, Michael Casey Organizations: Environmental Protection Agency, EPA, U.S . Army Corps of Engineers, West Coast ., National Park Service, Hawaii Department of Health, Corps, Information Center, Sierra Club of Hawaii, “, AP Locations: Maui, Kula, Lahaina, Paradise, California, Oregon , Colorado, New Mexico, they’re, That’s, Oregon, West Coast, Hawaii, Lahaina Hongwanji, United States, Maui County, Central Maui

☆ Mining Old Sites Can be a Shortcut to More Copper for the Energy Transition
▼ + stars: | 2023-10-03 | by ( Yusuf Khan | Mari Novik | ) www.wsj.com time to read: +8 min

In the U.S. and beyond, some are jumping ahead by targeting a new but also old source—closed mines, also known as brownfield sites. In the mountains of northern Norway, Bluelake is seeking to reopen the Joma mine that closed 25 years ago because of low copper prices. “Røyrvik has a valued tradition of mining in the old times,” said Hans Oskar Devik, the leader of the local government. Despite the challenges, brownfield mining is also being seen as a way to help ensure mineral security in the U.S., especially in areas such as defense and energy. Preview SubscribeWhen MP bought its brownfield site in 2017, it had a mining permit but was in a state of disrepair, with the pit itself flooded.

Persons: Arne Hanssen, Bluelake, Bluelake Mineral’s, Arne Hanssen Bluelake’s, Peter Hjorth, ” Hjorth, Joma, “ Røyrvik, ”, Hans Oskar Devik, Maahke Joma, Joma —, Snorre, NRK Joma, wasn’t, James Litinsky, Litinsky, ” Litinsky, Jeremy Richardson, Richardson, Yusuf Khan Organizations: P Global Market Intelligence, Perpetua Resources, Materials, California -, Municipal, Bluelake, NRK, Resources, Defense Department, McKinsey Lyon, Business, Rocky Mountain Institute Locations: Røyrvik, Trøndelag county, Norway, U.S, Sweden, Perpetua, Idaho, Arizona, California, California - Nevada, Germany, Italy, Boise, United States, China

In particular, lawmakers want assurances that the European Commission is not planning to shelve green measures that it promised but has not yet delivered - including restrictions on harmful chemicals, microplastics pollution and animal welfare. The shake-up in Europe's green leadership comes as climate policies face mounting pushback from politicians warning of the large investments required. Some EU officials are wary of pushing through new green measures before EU Parliament elections in June. Recent EU proposals - including a landmark law to restore nature - have faced resistance from some lawmakers and governments arguing Brussels is tangling industries in red tape. But Sefcovic and Hoekstra also need backing from green and left-leaning lawmakers demanding urgent action to tackle the CO2 emissions fuelling extreme weather across Europe, and reverse the decline of nature.

Persons: Wopke Hoekstra, de, Maros Sefcovic, Pascal Canfin, Sefcovic, Canfin, Hoekstra, Robert Fico, Kate Abnett, Bart Meijer, Christina Fincher, Josie Kao Organizations: Ministers, REUTERS, Rights, European Commission, EU, Thomson Locations: The Hague, Netherlands, Rights BRUSSELS, Dutch, Brussels, Europe, Slovak, Ukraine, Russian Slovak

A man living on the streets displays what he says is the synthetic drug fentanyl at the Tenderloin section of San Francisco, California, U.S., February 27, 2020. "We are here today to deliver a message on behalf of the United States government. "We know that this global fentanyl supply chain, which ends with the deaths of Americans, often starts with chemical companies in China." The Treasury accused the China-based network of being responsible for the manufacturing and distribution of fentanyl, methamphetamine and MDMA precursors. It said the network is capable of synthesizing multi-thousand-kilogram quantities of fentanyl, methamphetamine, and MDMA precursors and other illicit chemicals.

Persons: Shannon Stapleton, Joe Biden's, General Merrick Garland, Garland, Andrew Goudsward, Daphne Psaledakis, Michael Martina, Rami Ayyub, Costas Pitas, Susan Heavey, David Gregorio Our Organizations: REUTERS, Rights, United, U.S, U.S . Treasury Department, Justice Department, Treasury, Thomson Locations: San Francisco , California, U.S, United States, China, Washington, China's, Mexico, Sinaloa, Canada

Mexico and China are the primary sources for fentanyl and fentanyl-related substances trafficked directly into the U.S., according to the Drug Enforcement Administration, which is tasked with combating illicit drug trafficking. And last year a group of Republican attorneys general asked the president to declare fentanyl a weapon of mass destruction. The U.S. has taken a slew of actions to stem the tide of fentanyl coming into the country. And state lawmakers nationwide are responding to the deadliest overdose crisis in U.S. history by pushing harsher penalties for possessing fentanyl. It would also impose reporting requirements and enable the president to confiscate sanctioned property of fentanyl traffickers to use for law enforcement efforts.

Persons: “, ”, Wally Adeyemo, Adeyemo, Joe Biden, Antony Blinken, Biden, General Merrick Garland, Lindsay Whitehurst Organizations: WASHINGTON, United States, Treasury, Justice, Homeland Security, Drug Enforcement Agency, U.S . Postal, Justice Department, Drug Enforcement Administration, Republican, Disease Control, Banking, Armed Services, Associated Locations: U.S, China, Canada, United, Mexico, Sinaloa, Mexican, Wilmington , Delaware

☆ Germany risks letting a good crisis go to waste
▼ + stars: | 2023-10-03 | by ( Pierre Briancon | ) www.reuters.com time to read: +8 min

Germany, the European Union’s largest economy and its traditional growth engine, is headed towards a contraction this year. Exports account for more than half of Germany’s GDP, compared to just a third in France and 37% in Italy, according to the World Bank. Germany’s growth potential is estimated at an annual 0.7% over the medium term by the Scope rating agency, about half the euro zone average. Exempting net public investment from the debt brake rule would help to reverse years of underspending. Unless they do, Europe’s leading economy risks letting a good crisis go to waste.

Persons: –, Hubertus Bardt, Germany’s, Carsten Brzeski, Oliver Rakau, Chancellor Olaf Scholz, Christian Lindner’s, Sebastian Dullien, Scholz, Destatis, Francesco Guerrera, Streisand Neto Organizations: Reuters, World Bank, EU, International Monetary Fund, Reuters Graphics Reuters, German Economic Institute, ING, Oxford Economics, BASF, Finance, Christian Democrats, Thomson Locations: Germany, Berlin, France, Italy, China –, Spain, Weimar Republic, China, Ukraine

(AP) — The federal government has joined several former workers in suing Union Pacific over the way it used a vision test to disqualify workers the railroad believed were color blind and might have trouble reading signals telling them to stop a train. Union Pacific didn't immediately respond to questions about the lawsuit Monday. The EEOC said in its lawsuit that the test doesn't replicate real world conditions or show whether workers can accurately identify railroad signals. Some of the workers who sued had failed Union Pacific's “light cannon” test but passed another vision test that has the approval of the Federal Railroad Administration. The workers involved in the lawsuit were doing their jobs successfully for Union Pacific for between two and 30 years.

Persons: ”, Gregory Gochanour, EEOC Organizations: Union Pacific, Pacific, EEOC’s Chicago, Federal Railroad Administration Locations: OMAHA, Neb, Norfolk Southern, Ohio, Pennsylvania, East Palestine, Pacific, Minnesota , Illinois, Arizona , Idaho , California , Kansas , Nebraska , Oregon, Washington, Texas, The Omaha , Nebraska

☆ China's factory activity recovery slows in September - Caixin PMI
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Oct 1 (Reuters) - China's factory activity expanded at a slower pace in September, a private-sector survey showed on Sunday, with sluggish external demand weighing on the outlook even as output increased. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) fell to 50.6 in September from 51.0 in the previous month, missing analysts' forecasts of 51.2. According to the Caixin PMI, factory output and new orders remained in expansionary territory in September, however, external demand remained weak with export orders index contracting for the third month. Producers of consumer, investment and intermediate goods all cut staff, the survey showed. A separate PMI released by Caixin/S&P Global on Sunday showed China's services activity expanded at the slowest pace this year in September.

Persons: Wang Zhe, Wang, Liangping Gao, Ryan Woo, Sam Holmes Organizations: P Global, PMI, Caixin Insight Group . Factory, Producers, Global, Thomson Locations: BEIJING, China

☆ More than 130 taxidermied animals in a South Dakota museum were found to contain arsenic. Nobody knows what to do with them
▼ + stars: | 2023-09-29 | by ( Aj Willingham | ) edition.cnn.com time to read: +9 min

TenHaken’s plan is to have the collection legally declared “surplus,” allowing the city to get the animals out of the museum. Dioramas at the Delbridge Museum. He donated the collection to the city, and it has been housed at the Great Plains Zoo since 1984. The Great Plains Zoo, which included the Delbridge Museum when it was open, attracts about 250,000 visitors a year. A Great Plains Zoo official told CNN proper display of the animals was a condition of the original donation.

Persons: they’ll, Paul TenHaken, “, Becky Dewitz, ” Dewitz, ” TenHaken, Henry Brockhouse, C.J, Dewitz, ”, KELO, it’s, ” Paloma Strong, Strong, Brockhouse, Charles Darwin, John Edmonstone, “ Taxidermy, ” Strong, taxidermy Organizations: CNN, Delbridge, Facebook, Sioux Falls, Plains, Sioux, Plains Zoo, Angeles, Society, Indiana Historical Society Locations: Sioux Falls , South Dakota, Sioux Falls, Sioux, China, taxidermy, South Dakota, Delbridge, Guyana, Scotland

☆ Photos show the 3.86 billion-mile journey of NASA's OSIRIS-REx asteroid sample mission from start to finish
▼ + stars: | 2023-09-28 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

NASA's OSIRIS-REx has been traveling for seven years to get an asteroid sample to Earth. Check out its 3.86 billion-mile journey from launch to asteroid sample landing in the photos below. NASA/Keegan BarberAfter collecting the largest asteroid sample ever brought to Earth, OSIRIS began its long journey home. AdvertisementAdvertisementSample retrievalRecovery team members gather around a capsule containing Bennu asteroid samples as part of NASA's OSIRIS-REx mission. Analyzing the sampleLockheed Martin recovery specialists Levi Hanish and Michael Kaye take the lid off NASA's OSIRIS-REx asteroid sample.

Persons: REx, —, what's, OSIRIS, imager, Bennu, NASA's, Dante Lauretta, Keegan Barber, Rick Bowmer, NASA’s, Molly Wasser, Martin, Levi Hanish, Michael Kaye, Robert Markowiz, Noah Petro, What's, It's Organizations: Service, REx, NASA, United Launch Alliance, Atlas, Goddard, University of Arizona, Survey, NASA's Goddard Space, Earth, Department of Defense's Utah, AP, US Air Force, NASA’s Johnson Space Center, Space Center, JPL, Caltech Locations: Cape Canaveral , Florida, Salt Lake City, Houston, Houston , Texas

☆ AGCO Corp to acquire $2 billion stake in Trimble unit to boost agri portfolio
▼ + stars: | 2023-09-28 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

People look at AGCO equipment as they attend National Farm Machinery show in Louisville, Kentucky, February 12, 2016. REUTERS/Meredith Davis/File Photo Acquire Licensing RightsSept 28 (Reuters) - AGCO Corp (AGCO.N) said on Thursday it would acquire an 85% stake in navigation products maker Trimble's (TRMB.O) agribusiness for $2.0 billion in cash as the tractor and seeding equipment firm seeks to boost its precision-agriculture portfolio. "This deal significantly enhances AGCO's technology stack with disruptive technologies that cover every aspect of the crop cycle," AGCO Chief Executive Eric Hansotia said. The precision-agriculture approach employs technology and the global positioning system to ensure that seeds, fertilizer and chemicals are used correctly. The stake's purchase price represents an implied enterprise value of about $2.35 billion for the business, AGCO said.

Persons: Meredith Davis, Eric Hansotia, Oppenheimer, Trimble, AGCO, Morgan Stanley, Kannaki, Vinay Dwivedi Organizations: Farm Machinery, REUTERS, AGCO, Thomson Locations: Louisville , Kentucky, Ukraine, Bengaluru

☆ Webb spots a building block of life on Jupiter’s moon Europa
▼ + stars: | 2023-09-27 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —A building block of life may exist inside the global ocean on Europa, one of Jupiter’s icy moons. Scientists have long questioned whether Europa’s ocean contained carbon and other chemicals necessary for life. Astronomers used the Webb telescope to observe Jupiter's icy moon Europa. Carbon dioxide appears to be concentrated in a region of “chaos terrain” on Europa called Tara Regio. Future observations of Europa with the Webb Telescope could help astronomers determine whether there are other concentrated regions of carbon dioxide on the surface, Trumbo said.

Persons: James Webb, ”, Geronimo Villanueva, Tara Regio, Samantha Trumbo, ” Trumbo, ” Villanueva, Webb, Heidi Hammel, Trumbo, “ Organizations: CNN, Goddard Space Flight, NASA, ESA, CSA, Webb, Cornell University, Hubble, Webb's, Association of Universities for Research, Astronomy, NASA’s, Clipper, Europa Clipper Locations: Europa, Greenbelt , Maryland

☆ Investors want to know when Philip Morris' smoke-free shift will pay off
▼ + stars: | 2023-09-26 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

Anticipation should be building as Philip Morris prepares to bring iQOS back to the U.S. market. Philip Morris had partnered with Altria when iQOS was first launched in a handful of U.S. markets in 2019. Eventually, Philip Morris agreed to buy back the commercialization rights from Altria, and that deal is effective April 30, 2024. And this strategy is partly why, Herzog said, Philip Morris is one of Goldman's top picks. Last week, Philip Morris CEO Jacek Olczak spoke on X via ReutersPlus about its harm reduction efforts.

Persons: Philip, Goldman Sachs, Bonnie Herzog, Philip Morris, iQOS, Herzog, mgmt, Gaurav Jain, Jain, FactSet, Jacek Olczak, Jefferies, Owen Bennett, Bennett Organizations: Philip Morris International, Drug Administration, Altria, Barclays, Swedish Match, Bank of America, Rogue, Street Journal, Concordia, United Nations General Assembly Locations: U.S, Altria, New York

Hong Kong/Taipei CNN —China and the European Union have agreed to exchange information on export controls as part of efforts to dial down tension over trade imbalances and geopolitical issues. I am glad that we made progress in addressing some market access issues,” Valdis Dombrovskis said in a statement. Hours before meeting He on Monday, Dombrovskis said China’s trade practices have forced the European Union to become more assertive in its dealings with the world’s second largest economy. China recently slapped export curbs on two semiconductor materials in a warning shot to Europe and the United States, after they imposed restrictions on China’s access to advanced chipmaking equipment. Moscow has become increasingly dependent on Beijing since its full-scale invasion of Ukraine in 2022, with trade between Russia and China soaring this year.

Persons: rebalancing, ” Valdis Dombrovskis, Dombrovskis, ”, ” Jorge Toledo, it’s, ” Dombrovskis, — Laura Organizations: Taipei CNN —, European Union, European Commission, EU, Union, Tsinghua University, China, Reuters Locations: China, Hong Kong, Taipei, Taipei CNN — China, Beijing, ”, EU, Europe, United States, Ukraine, Moscow, Russia

☆ AI deals give investment banks a glimmer of hope
▼ + stars: | 2023-09-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

About a third of all M&A deals in the first half of 2023 were technology deals, and a lot of that was related to AI, said Berlin. The success of these deals mean more M&A is likely on the horizon, said Dan Ives, a tech analyst at Wedbush. Costco members now have access to $29 online health care visitsCostco is known for its giant tubs of mac and cheese, cheap hotdogs and more-for-less warehouse deals. The retailer is offering the new service in partnership with Sesame, a direct-to-consumer health care marketplace that connects medical providers nationwide with consumers. Costco is among several retailers, including Amazon, CVS and Walgreens, who are directly providing health care to customers as the demand booms for urgent care access outside of a traditional hospital setting.

Persons: CNN —, Goldman Sachs, Goldman, ” Goldman, David Solomon, Instacart’s, ”, Mitch Berlin, “ You’re, Dan Ives, ” Ives, Taavon Naja, Ramishah Maruf, Parija Kavilanz, Sesame Organizations: CNN Business, Bell, CNN, Wall, Companies, Renaissance, Nasdaq, Cisco, Wedbush, of Foreign, Control, Costco, Costco Pharmacy’s, Amazon, CVS, Walgreens Locations: Americas, Berlin, Iran, Switzerland, United States, PFAS, New York

☆ 3M evaluating options for PFAS manufacturing in Belgium
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Nicholas Pfosi/File Photo Acquire Licensing RightsSept 25 (Reuters) - 3M (MMM.N) said on Monday it was looking at options to further accelerate the stoppage of manufacturing of PFAS chemicals at its Zwijndrecht facility in Belgium and warned of a likely hit due to the continued idling of the plant. In August, 3M secured preliminary approval for a $10.3 billion deal resolving claims by U.S. public water providers over pollution by PFAS. While the non-PFAS manufacturing continues at the Belgian facility, PFAS has been idled. However, the 3M said it was unable to predict the extent of any negative impact to operations. 3M has outlined plans to exit from all PFAS manufacturing by the end of 2025.

Persons: Nicholas Pfosi, 3M, PFAS, Priyamvada, Varun Organizations: 3M Global, REUTERS, U.S, Thomson Locations: Maplewood , Minnesota, U.S, Belgium, Belgian, Bengaluru

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