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Ron DeSantis after the former GOP presidential candidate privately urged former President Donald Trump to not use "identity politics" when picking his running mate. "chicken fingers and pudding cups is what you will be remembered for you sad little man," Chris LaCivita, who co-manages Trump's campaign, wrote on X in response to a news article about DeSantis' comments. But I don't want people representing 10, 15% of the party being in the driver's seat," DeSantis told supporters on the call, according to audio NBC obtained. DeSantis may have also insulted Susie Wiles, a one-time ally who along with LaCivita leads Trump's campaign, during the call. According to NBC, the Florida governor blamed certain people in Trump's orbit for the former president's treatment of him.
Persons: , Ron DeSantis, Donald Trump, Chris LaCivita, Trump, DeSantis, Susie Wiles, LaCivita, he's, Laura Ingraham, Sen, Tim Scott of, Vivek Ramaswamy, Bryon, Kristi Noem, Tulsi Gabbard, Kellyanne, Conway, Scott, Ramaswamy, Ben Carson, Florida Sen, Marco Rubio, Wesley Hunt Organizations: Service, Trump, Florida Gov, GOP, Business, NBC News, Republican Party, NBC, Fox News, Florida , South Dakota Gov, New York Times, Trump White House Locations: Florida, United States, Tim Scott of South Carolina, Florida , South, Hawaii, Donalds, Wesley Hunt of Texas
But never had one come this early — one year and eight months ahead of said internship’s start date. While it has always been competitive, the investment banking summer internship process has gotten increasingly premature. As a result, wannabe financiers may want to start getting ready for the process as early as their freshman year. The Internship movieNetwork with upperclassmen firstNetworking is one of the most important aspects of getting a competitive investment banking internship. “A lot of kids don't realize they don't want to do it until they’ve done it for 10 weeks after the internship,” Sibley said.
Persons: Steve Sibley, ” Sibley, Goldman Sachs, Sibley, , , they’re, it’s, you’ll, , ’ inboxes, You’ll, , , Goldman, Don’t, Carlo Allegri, don’t, there's, might’ve, “ I’m, Sturti, you’re, It’s, you'll, would've Organizations: Indiana University’s Kelley School of Business, Business, , Finance, Bank of America, Citi, BI, Investment, Excel, IB, LinkedIn, Goldman, Getty, Lazard, Reuters, I’m Locations: , New York City, Manhattan, Chicago, Charlotte, Atlanta, Houston, New York
Amid widespread food shortages and a breakdown in civil order, groups of desperate civilians in Gaza are regularly attempting to ambush aid convoys, according to two Western officials who were recently in the enclave and images of one such ambush reviewed by The New York Times. The trucks are briefly forced off the road as the drivers swerve to avoid hitting the men. Some of the assailants throw stones at the trucks’ windshields, seemingly to try to stop them. The images, with time stamps indicating they were taken in recent days, were reviewed by a reporter for The Times. Such attacks have become common since Israel’s invasion last year as desperate civilians face starvation in pockets of the enclave, according to the officials, who spoke on condition of anonymity to avoid complicating their work in Gaza.
Organizations: The New York Times, The Times Locations: Gaza, Egypt
A better way to handle layoffs
  + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com   time to read: +11 min
Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.
Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, , Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today’s big story, we’re looking at Google’s new internal AI model aimed at improving worker efficiency. The big storyAI assistanceCBS Photo Archive/Getty ImagesGoogle employees are getting an AI-powered wingman in the company’s bid to improve efficiency. Goose can answer questions about Google's tech and write and edit code, according to an internal summary of the model. Tech companies have tested inventions on their own employees for years in a process known as "dogfooding," writes BI's Alistair Barr.
Persons: , Denny's, customizations, Hugh Langley, Tom Cruise’s copilot, Alistair Barr, Tyler Lee, , Bryan R, Smith, Wall, Gary Gensler, We’re, Société, Elad Gil, Gil, ChatGPT, it’s, Uber, Nomura, Young homebuyers, Meredith Whitney, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, CBS, Getty, Microsoft, OpenAI, Tech, Google, Big Tech, Fed, UBS, SEC, Silicon Valley’s, BI, Xbox, Dragon, Workers, Wall Locations: China, New York, London
The new “Lisa Frankenstein,” by Zelda Williams in her directorial debut, hits some of the same notes. Kathryn Newton stars as Lisa Swallows and Cole Sprouse as The Creature in LISA FRANKENSTEIN, a Focus Features release. This is where “Poor Things” and “Lisa Frankenstein” diverge. Bella Baxter in “Poor Things” starts out as a clumsy innocent, but she becomes more knowledgeable and self-confident over time. “Lisa Frankenstein” shows why that’s a loss for all of us — and Lisa is ready to cut up the patriarchy to prove it.
Persons: Noah Berlatsky, CNN —, Mary Shelley’s, Frankenstein, , Victor Frankenstein, , Shelley, Noah Berlatsky Noah Berlatsky, we’ve, “ Lisa Frankenstein, Yorgos Lanthimos, Lisa Frankenstein, Zelda Williams, Diablo Cody, , Lisa, Kathryn Newton, She’s, Carla Gugino, Liza Soberano, Cole Sprouse, Lisa Swallows, LISA FRANKENSTEIN, Michele K, “ Lisa Frankenstein ”, Bella Baxter, she’s, Bella, Williams, Mary Shelley, Lord Byron, Celine Song’s “, Emma Stone, Atsushi Nishijima, Greta Gerwig’s, Barbie, “ Barbie, It’s, Cody, he’s, wouldn’t, Lisa Frankenstein ”, Barbie ”, “ Oppenheimer, Lily, Mary Organizations: CNN, REO, Searchlight Pictures Locations: Chicago, Hollywood, Taffy’s, , Ireland
CNN —A probe that spared President Joe Biden from criminal charges paradoxically dealt him a threatening political blow. The president’s defenders often get frustrated when the political conversation is dominated by Biden’s age – rather than Trump’s repeated challenges to the rule of law. In another CNN poll last week, 46% of Democrats were concerned about Biden’s age. Hur’s report rebuked Biden for willfully retaining classified information, including top secret documents after he left the vice presidency. North Carolina Republican Sen. Thom Tillis was kinder but his comments over Biden’s age were also cutting.
Persons: Joe Biden, Robert Hur’s, Biden, ” Biden fumed, Donald Trump’s, CNN’s MJ Lee, , , Hur, Beau’s, ” Biden, he’s, Trump, Kamala Harris, , Nikki Haley, Nancy Pelosi —, he’d, Trump’s, Hur’s, ” Hur, Beau, Florida Sen, Marco Rubio, North Carolina Republican Sen, Thom Tillis, I’m, ” Tillis, “ I’m, , I’ve, Arizona Sen, Mark Kelly Organizations: CNN, White, Trump, Republican, Biden, Republicans, GOP, Twitter, North Carolina Republican Locations: Egypt, Mexico, America, Washington, Ukraine, Gaza, Lago, Afghanistan, Maryland, Florida, Arizona
This is the world’s rarest passport
  + stars: | 2024-02-01 | by ( Lola Méndez | ) edition.cnn.com   time to read: +7 min
CNN —The Sovereign Military Order of Malta – also known as the Knights of Malta – isn’t just a religious Catholic order with nearly 1,000 years of history. After World War II, the use of the diplomatic passport took on characteristics of passports used in other countries. Today, there are only around 500 of the diplomatic passports in circulation – making it the rarest passport in the world. robertharding/Alamy Stock Photo“The Order grants passports to members of their government for the duration of their mandate,” de Petri Testaferrata says. Once when I arrived at the Bangkok airport, a crowd of operators at passport control wanted to see my rare passport and take a selfie with it,” Balfour tells CNN.
Persons: Malta –, It’s, King, Spain, Napoleon Bonaparte, Daniel de Petri Testaferrata, Angelo, ” de Petri Testaferrata, Marianna Balfour, “ They’ve, ” Balfour, De Petri Testaferrata, John Kellerman, Anne, de Valette, Paschal II, ” Dane Munro, Don’t, Grand, Michelangelo Merisi da Caravaggio, Caravaggio, St John’s, St John ”, Finnbarr Webster, Casa Rocca Piccola, de Piro, Munro, Marquis Nicholas de Piro, Knight of Malta Don Pietro Rosselli Organizations: CNN, Knights, Knights of Malta – isn’t, United Nations, Sovereign Council, Souverain, Fort, UNESCO, , Casa Magazzini, National Library of Malta, of, Supreme, Grand Masters, of Ambassadors, St, Maltese Association of Locations: Malta, Knights of Malta, Jerusalem, Maltese, Rome, of Malta, St, robertharding, Bangkok, France, United Kingdom, United States, Knights, Valletta, Mdina, Knight
Kyiv CNN —Aid to Ukraine is frozen in US Congress, and Kyiv could be dealing with a Trump presidency more sympathetic to Moscow. “I don’t worry much about it,” Kyrylo Budanov, the head of Ukraine’s defense intelligence directorate, told CNN in an exclusive interview in Kyiv. His agency has claimed notable successes, including raids on the Russian-occupied Crimea and attacks on Russian airfields, inflicting embarrassing wounds on the Kremlin. Ukrainian social media is bursting with footage from frontline troops showing drones spying on, attacking and even capturing Russian troops, although Moscow uses many of the same tactics. But as Ukraine’s long-held hopes for F-16 jets come to fruition – with Kyiv’s pilots already training on the aircraft – Budanov echoed Ukraine’s newest request.
Persons: Ukraine’s, isn’t, Kyrylo Budanov, Trump, ” Budanov, , ” Trump, Putin, Budanov, Zelensky, Valeriy Zaluzhny, Moscow, Organizations: CNN —, Trump, CNN, Ukraine, Republican Party, Russian Federation, Kremlin, Artillery, US Air Force’s Locations: Ukraine, Kyiv, Moscow, Russian, Crimea, Russia, Ukrainian, North Korea
The U.N. aid agency serving Palestinians in Gaza faced more funding cuts Monday amid accusations that 12 of its employees were involved in the Oct. 7 attack that sparked the Israel-Hamas war. The allegations over the weekend triggered a wave of funding cuts by major donors, including the U.S., Britain and France. UNRWA employs roughly 13,000 Palestinians in Gaza and says it will be forced to halt operations within weeks if funding isn’t restored. The Palestinian Health Ministry said the boy was killed near the Israeli settlement of Tekoa. The official Palestinian news agency Wafa said that Israeli forces opened fire after clashing with Palestinians from the area.
Persons: Austria, — Biden, Jordan — Israel, Washington, Sebastian Fischer, Jordan, ” Fischer, Wafa, , , Israel, , Bassem, Awadi, Magen David Adom, , Austria “, Israel ” Organizations: The Associated Press, UNRWA, Ministry, US, UN, JORDAN BERLIN —, Foreign, U.S, BANK, West Bank —, West Bank, Palestinian Health Ministry, EU, BRUSSELS, The European Union, European Commission, BAGHDAD, Government, Hamas, JERUSALEM, BERLIN —, Foreign Ministry, Japanese Foreign Ministry Locations: Gaza, Israel, U.S, Britain, France, Hamas, Iran, Jordan, Qatar, Egypt, israel, GERMANY, JORDAN BERLIN — Germany, Tehran, BANK RAMALLAH, West, Tekoa, West Bank, Dura, Hebron, Silwad, Yamoun, Jenin, IRAQ, Syrian, Iraq, Syria, Palestine, Haifa, Tel Aviv, AUSTRIA, BERLIN — Austria, Vienna, Austria, JAPAN, GAZA TOKYO, Japan
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
TECH'S JOB-CUTS JANUARY
  + stars: | 2024-01-24 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +3 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But by the third week of the month, layoffs had become a reality for many in tech. More than 70 tech companies have swung the ax so far this year, affecting more than 13,000 workers, according to tracker Layoffs.fyi. January is historically a common month for layoffs as companies adjust budgets and plans for a new year. In January 2023, more than 270 tech companies laid off nearly 90,000 employees, according to Layoffs.fyi.
Persons: , Sundar Pichai, Dan Clancy, it's, Jason Citron Organizations: Industry, Google, Service, Tech, Workers, Prime, Amazon MGM Studios, YouTube, eBay Locations: TikTok, overhiring
Read previewComputer science major Oliver Wu says he pulled out all the stops in his quest for a summer internship. This story is available exclusively to Business Insider subscribers. "I started applying in July, and soon I hit 200 applications," Wu said, adding that he was making 15 to 20 applications a day before the school term began. AdvertisementLast week, Google CEO Sundar Pichai told staff to brace for more job cuts this year. Wu did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Oliver Wu, Wu, Wu isn't, Sundar Pichai, Pichai Organizations: Service, University of Michigan, Business, Newsweek, Ford, Tech, Business Insider
The legislation was among new Republican-backed restrictions across the country following the 2020 presidential election, when then-President Donald Trump falsely attributed his loss to fraud. North Carolina is expected to be a closely contested state in this year's presidential contest. Under the new law, a voter who uses same-day registration is sent a postcard to confirm their address. Young voters and minority voters, both groups that tend to vote Democratic, take advantage of same-day registration more frequently. Between 100,000 and 120,000 residents use same-day registration in presidential years, according to the state elections board.
Persons: Joseph Ax, Roy Cooper's, Donald Trump, Trump, Joe Biden, District Judge Thomas Schroeder, Tim Moore, Jonathan Oatis Organizations: Democratic Party, Republican, Democratic, Young, District, State Board Locations: Carolina, North Carolina
By Steve Gorman(Reuters) - A four-man crew including Turkey's first astronaut arrived at the International Space Station (ISS) early on Saturday for a two-week stay in the latest such mission arranged entirely at commercial expense by Texas-based startup company Axiom Space. The rendezvous came about 37 hours after the Axiom quartet's Thursday evening liftoff in a rocketship from NASA's Kennedy Space Center in Cape Canaveral, Florida. Once the astronauts reach the space station, they fall under the responsibility of NASA's mission control operation in Houston. The multinational team was led by Michael López-Alegría, 65, a Spanish-born retired NASA astronaut and Axiom executive making his sixth flight to the space station. Axiom also is one of a handful of companies building a commercial space station of its own intended to eventually replace the ISS, which NASA expects to retire around 2030.
Persons: Steve Gorman, Turkey's, NASA's, Michael López, Axiom's, Walter Villadei, Marcus Wandt, Alper Gezeravcı, David Evans Organizations: Reuters, Space, NASA's Kennedy Space Center, Elon, SpaceX, NASA, Italian Air Force, European Space Agency, Turkish Air Force, ISS Locations: Texas, Cape Canaveral , Florida, Houston, Spanish, Japan, Denmark, U.S, Canada, Los Angeles
Then there’s the much more entertaining murder mystery, in which one or two people have been killed, or perhaps none. A priest once posted to Kilkinure is found dead in his Dublin home, and suspicion falls on the protesting women. At about the same time, Lorna hits her head in a pub and wakes up at home, to find a dead woman propped against the wall of her sitting room. Murtaugh, greatly abetted by Wilson, balances the heaviness of his material with a humor and a lightness of spirit that make “The Woman in the Wall” a brisk, engaging production. And the closing credits offer a bonus: a few bars of a haunting, unreleased number, “The Magdalene Song,” that Sinead O’Connor recorded shortly before her death which dovetails with Wilson’s performance.
Persons: Lorna, Wilson, Daryl McCormack, , Leo Grande ”, Simon Delaney, Cillian Lenaghan, Murtaugh, — Murtaugh, Magdalene, , Sinead O’Connor Organizations: Dublin Locations: Dublin, American, England
A private mission launched four astronauts to the International Space Station on Thursday. Unlike on earlier such flights, none of the passengers are wealthy space tourists paying their own way to orbit. The private astronaut mission, Ax-3, is the third for Axiom, which is also developing its own space station and making new spacesuits for NASA. In 2019, NASA opened up its part of the space station to visitors, a reversal from earlier policies. (Russia has hosted a series of space tourists on the International Space Station since 2001.)
Persons: NASA’s Organizations: International, Space, SpaceX, NASA’s Kennedy Space Center, NASA Locations: Italy, Sweden, Turkey, Houston, Florida, Russia
A video of a woman filming herself getting laid off from Cloudflare went viral on Tiktok. Over the last year, we've seen similar TikToks of people filming themselves getting laid off. AdvertisementA trend on TikTok that's been simmering for a while but really went mainstream this week has been people (mostly young women) filming themselves getting laid off from their corporate tech jobs. Last week, one in particular made headlines as the young woman getting laid off from CloudFlare pushed back at the HR rep leading the call. It won't necessarily stop you from getting laid off if the ax falls on your department, but demystifying the process is good for workers.
Persons: we've, , Mickella Simone Miller, Miller, that's, CloudFlare, doesn't, Chloe Shih, it's, Shih Organizations: Service, DMs Locations: Salt Lake City
The AX Visio are a pair of AI-powered bird-watching binoculars that were unveiled at CES 2024. The binoculars can identify more than 9,000 types of birds and other wildlife. The binoculars use AI image recognition technology and data from the Merlin Bird ID database to help you easily identify more than 9,000 birds and other wildlife at the click of a button. They rely on a built-in camera that allows the binoculars to identify still or moving images of birds, and you can immediately share the photos and videos you create by pairing the binoculars with a smartphone. This story is available exclusively to Business Insider subscribers.
Persons: Marc Newson, , Merlin Organizations: CES, Apple, Service, Electronics, Business Locations: Las Vegas
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA vast, now-submerged landmass off of Australia's coast may once have been capable of supporting up to half a million people, a new study suggests. This revealed an archipelago that could have been used for people to migrate from Indonesia to Australia, they said. Various rock art and stone ax findings around the areas of the now-submerged continental shelf. Ultimately, rising sea levels likely pushed resident populations off of the landmass, the authors said.
Persons: , Kashih Norman, Norman, didn't Organizations: Service, Business, Griffith University, First Nations Locations: Australia's, New Zealand, Brisbane, Guinea, Australia, Indonesia
Editor’s Note: This story contains graphic and disturbing accounts of sexual violence. Then he raped her again, said Raz Cohen, a survivor of Hamas’ murderous rampage in Israel on October 7. Cohen saw another young woman shot in the head as he ran to hide in a bush – the spot where he witnessed the rape, he told CNN. After the rape, Cohen told CNN he saw the group go after another woman and a man. “We’ll never know everything that has happened to them,” Elkayam-Levy told CNN in November.
Persons: Raz Cohen, Cohen, Israel’s, , Ronen Zvulun, ” Cohen, , , mirth, Dudi Katz, Rami Shmuel, Be’eri, Cochav, Levy, “ We’ll, ” Elkayam Organizations: CNN, Nova, of Health, United Nations, Hamas, UN, New York Times, IDF, United, Hebrew University Locations: Israel, Gaza, Israel's, United Nations, Jerusalem
Subsidies are crucial to the green transition: podcast
  + stars: | 2023-12-05 | by ( Una Galani | ) www.reuters.com   time to read: +1 min
Andrew Forrest, Chairman and Founder, Fortescue Metals Group speaks at the Global Energy Transition 2022 conference in New York City, New York, U.S. June 14, 2022. REUTERS/David Dee Delgado Acquire Licensing RightsMUMBAI, Dec 5 (Reuters Breakingviews) - The world is short not of capital, but of projects to fund and sovereigns willing to share risk. In this Exchange podcast, Fortescue’s (FMG.AX) Andrew Forrest discusses why all countries need an IRA and the lessons of leading the world’s fourth-largest iron ore miner through change. Listen to the podcastFollow @ugalani on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Andrew Forrest, David Dee Delgado, Thomas Shum Organizations: Fortescue Metals, Global, REUTERS, Rights, Reuters, Thomson Locations: New York City , New York, U.S
MP Materials (MP.N), Lynas Rare Earths (LYC.AX) and other Western rare earths companies have struggled at times to deploy it due to technical complexities and pollution concerns. "The existing rare earths refining process is a nightmare," said Isabel Barton, a mining and geological engineering professor at the University of Arizona. Fannon and several U.S. politicians have called for Western governments to create central rare earths processing hubs, a plan already being pursued by Canada. In Saskatchewan, government scientists are working to launch their own rare earths processing technology after attempts to buy Chinese technology sputtered in 2020. "These new sources for rare earths are going to be paramount if we're going to reach global net zero targets," said Steve Schoffstall of the Sprott Energy Transition Materials ETF (SETM.O), which holds shares in several rare earths companies.
Persons: Isabel Barton, Michael Schrider, Ucore, Luisa Moreno, REETec, Robert Fox, Frank Fannon, Mike Crabtree, Crabtree, Steve Schoffstall, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: International Energy Agency, University of Arizona, U.S . Air Force, Pentagon, Defense Metals, U.S . Department of Energy's, U.S . Department of Energy's Idaho National Laboratory, Saskatchewan Research Council, SRC, Ucore, Reuters, Thomson Locations: ALEXANDRIA, Louisiana, China, United States, U.S, American, Alaska, of New Orleans, British Columbia, South Africa, Florida, Norway, Massachusetts, U.S . Department of Energy's Idaho, Wyoming, Canada, Saskatchewan
The deal was expected to fail after Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, said it would reject the A$9.39 per share offer. AustralianSuper owns about 17% of Origin, which was enough to block the bid. Origin already has plans to develop 4 gigawatts by 2030, and Chairman Scott Perkins reaffirmed that strategy, adding that the company was open to working with other investors. "The way we've seen the energy transition is there's been plenty of scope for third party capital to invest alongside Origin," Perkins told reporters after the vote. In its statement, AustralianSuper said it would be a willing capital partner for Origin as it "prepares to transition over the coming decades".
Persons: Dado Ruvic, AustralianSuper, Brookfield, Scott Perkins, Perkins, Scott Murdoch, Lewis Jackson, Alasdair Pal, Miral Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, EIG Partners, Thomson Locations: Brookfield, Australia's, Sydney
Brookfield’s energy M&A loss is teachable moment
  + stars: | 2023-12-04 | by ( ) www.reuters.com   time to read: +2 min
MELBOURNE, Dec 4 (Reuters Breakingviews) - Brookfield Asset Management (BAM.TO), has some wounds to lick. On Monday the Canadian investment firm’s joint $13 billion offer with MidOcean Energy for Australian power generator and retailer Origin Energy (ORG.AX)failed after the bidders secured backing from 69% of voted shares, below the required 75% threshold. It could target smaller local energy firms, like Alinta Energy and EnergyAustralia, owned by Hong Kong-based Chow Tai Fook Enterprises and CLP (0002.HK) respectively. Brookfield has made other investments from its $15 billion global transition fund, including to co-buy Westinghouse Electric. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Bruce Flatt, Chow, Brookfield, Antony Currie, Neiman Marcus, Una Galani, Thomas Shum Organizations: MELBOURNE, Reuters, Brookfield Asset Management, MidOcean Energy, Origin Energy, Alinta, Chow Tai Fook Enterprises, CLP, HK, Westinghouse, X, Saks, Thomson Locations: Brookfield, Hong Kong
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