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☆ Siemens, others call for only zero-emission freight trucks to be sold in EU by 2035
▼ + stars: | 2022-12-08 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

Dec 8 (Reuters) - More than 40 manufacturers, shippers and industry groups including Siemens (SIEGn.DE), Maersk (MAERSKb.CO) and Unilever (ULVR.L) called on the EU on Thursday to mandate that all freight trucks be zero-emission models by 2035. A zero-emission strategy "will determine how fast the EU transitions away from polluting fossil-powered trucks to clean zero emission alternatives and if the EU will lead or be left behind in this inevitable industrial transition." The Commission is currently working on proposals for CO2 reduction targets for freight trucks and the infrastructure to charge electric or fuel hydrogen-powered heavy-duty vehicles. The signatories of the letter called on the European Commission to raise the 2030 CO2 reduction target for freight trucks to 65% below the emissions level in 2019, compared with the previous 2030 target of a 30% reduction. The group also said that "targeted financial support" will be needed to offset the "higher upfront purchasing cost of electric trucks, in particular for early frontrunners and for small and medium-sized companies."

☆ List of bidders for Citigroup's Mexican retail arm shrinks as Inbursa drops out
▼ + stars: | 2022-11-24 | by ( Valentine Hilaire | ) www.reuters.com time to read: +2 min

MEXICO CITY, Nov 23 (Reuters) - Mexican bank Grupo Financiero Inbursa (GFINBURO.MX) said on Wednesday it had pulled out of the bidding process for U.S. bank Citigroup's Mexican retail arm Citibanamex. Carlos Slim's Inbursa and German Larrea's Grupo Mexico (GMEXICOB.MX) were seen as the frontrunners in bidding for Citibanamex, known also as Banamex. "We considered from the beginning (of the bid) that it was going to be difficult for a player in the sector to make such an acquisition. Other heavyweight names such as Grupo Financiero Banorte (GFNORTEO.MX), Spanish bank Santander (SAN.MC) and media tycoon Ricardo Salinas have previously also pulled out of the process. Reporting by Carolina Pulice and Valentine Hilaire; Editing by Anthony Esposito, Stephen Coates and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico's Inbursa drops bid for Citigroup's Mexican retail arm Citibanamex
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Nov 23 (Reuters) - Mexican bank Grupo Financiero Inbursa (GFINBURO.MX) said on Wednesday it had pulled out of the bidding process for U.S. bank Citigroup's Mexican retail arm Citibanamex. "Inbursa confirms that, following submission of a non-binding proposal for the businesses in question, the parties mutually agreed that Inbursa will not be continuing to the next stages of the process," it said in a filing. Mexican corporate titans Carlos Slim's Inbursa and German Larrea's Grupo Mexico (GMEXICOB.MX) were seen as the frontrunners in bidding for Citibanamex, known too as Banamex. Earlier this month, Mexican President Andres Manuel Lopez Obrador said there are at least three remaining bidders for Banamex. Reporting by Carolina Pulice and Valentine Hilaire; Editing by Anthony EspositoOur Standards: The Thomson Reuters Trust Principles.

☆ If DeSantis doesn't get his 2024 decision timing right, he risks peaking too soon like Scott Walker or wasting his big moment like Chris Christie
▼ + stars: | 2022-11-23 | by ( Kimberly Leonard | Brent D. Griffiths | ) www.businessinsider.com time to read: +11 min

But as he faces a decision over whether to run for president in 2024, DeSantis shares far more similarities with two other ex-GOP frontrunners: Former Govs. Like DeSantis, Walker and Christie once seemed like inevitable frontrunners for the White House. Walker seized the moment, while Christie let his moment pass. "That's a huge difference in my opinion in terms of that moment," DuHaime said. "There was a moment for Christie in 2012 and there is a moment for Ron DeSantis in 2024.

☆ Roger Stone cautioned Ron DeSantis that it would be 'ingratitude and treachery' to run against Trump in 2024
▼ + stars: | 2022-10-28 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Roger Stone told Ron DeSantis that it would be "ingratitude and treachery" to run against Trump. He also hit out at DeSantis' wife, comparing her to Lady Macbeth. Ron DeSantis that it would be treacherous for him to run against Trump in 2024. In the post, Stone also hit out at DeSantis' wife, Casey DeSantis. "Have you ever noticed how much Ron DeSantis' wife Casey is like Lady Macbeth?"

The bid amounts for the unit, known too as Banamex, were not disclosed by the sources. The sources also cautioned that no deal was guaranteed with any party and Citigroup could ultimately decide to sell Banamex shares on the Mexican Stock Exchange instead. Inbursa and Grupo Mexico declined to comment. Backed by Slim, Mexico's richest person, Inbursa was flagged as a strong contender when Citigroup put Banamex up for sale in January. However, mining tycoon Larrea has the firepower to compete as a candidate to buy Banamex, the sources said.

☆ Universal film boss Donna Langley reveals how her studio changed the way you see movies and her hopes for an all-female 'Fast & Furious'
▼ + stars: | 2022-10-26 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +13 min

Universal film chief Donna Langley says movies will never go back to "those exclusive traditional windows" in theaters. "I would love to see a female 'Fast,'" she said about the future of the "Fast & Furious" franchise. Though it seems Langley has an insatiable drive to dominate the cutthroat film industry, she revealed to Insider in a recent phone interview that her mission is simple: "Make the right kind of movies that fit the cultural zeitgeist globally." Steven Spielberg and Donna Langley at "The Fabelmans" world premiere at the 2022 Toronto International Film Festival. We are a theatrical business and theatrical will always lead our business.

☆ Investor Vinod Khosla says focusing on 2030 climate targets is the wrong approach
▼ + stars: | 2022-10-25 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +7 min

Why Khosla thinks short-term goals are a mistakeFocusing on "short term goals will force us to deploy suboptimal technology," Khosla told CNBC. And if it doesn't do that, it's the wrong technology," Khosla told CNBC. Nuclear fusion is one example of the kind of breakthrough technology Khosla considers critical, but which will not be commercialized by 2030. "But I'm not interested in today's geothermal, because it is such a niche — it doesn't scale," Khosla told CNBC. And that's what we need," Khosla said.

Texas Sen. Ted Cruz was the only GOP committee member to oppose the bill. Other numbers to know:155 miles per hour: How fast the maximum sustained winds of Hurricane Ian were as of Wednesday morning, per the National Hurricane Center. 23 percentage points: Democrat Beto O’Rourke’s edge over Republican Gov. Last night, Democratic Gov. Tim.”Oklahoma Senate: Former President Donald Trump endorsed Republican Sen. James Lankford in his Senate bid, after conspicuously not endorsing the GOP incumbent in his primary.

☆ Trump — who once endorsed DeSantis as his 'great friend' — slams the 'ungrateful' Florida governor, saying 'I made him,' report says
▼ + stars: | 2022-09-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Donald Trump and Ron DeSantis haven't spoken in months, The Washington Post reported. Privately, Trump now slams DeSantis as "ungrateful," telling advisers: "I made him," WaPo reported. Privately, Trump now lambasts the man he once referred to as his "great friend," calling the Florida governor "ungrateful" for his earlier endorsement, The Washington Post reported. "I made him," The Washington Post reported Trump told his aides while monitoring DeSantis' public appearances and polling numbers. "I don't understand what happened here," The Washington Post reported Trump said of DeSantis' diminishing support.

☆ Salesforce, Oracle, Palantir and other tech companies are interested in building a new Army tool to manage weapons distribution and troop deployment
▼ + stars: | 2022-09-20 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +7 min

The US Army is looking for tech companies to build a prototype for its new "operational back-bone." Palantir, Gitlab, Salesforce, Oracle, RedHat, IBM, and others submitted "Requests for Information" to build the prototype, a step before submitting a bid. The prototype would manage the deployment of troops, and the supply and distribution of missiles, guns, tanks, and other weapons. Palantir has an $823 million Army contract for data mining and analytics. It's also unclear if Amazon, Google, or Microsoft will contribute to the project in some capacity, including as a subcontractor.

☆ What to know about the booming psychedelics industry, where companies are racing to turn magic mushrooms and MDMA into approved medicines
▼ + stars: | 2022-06-30 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +17 min

In the early days of the industry, nonprofits and scrappy startups made up the psychedelics space. Research on compounds like psilocybin, the active compound found in magic mushrooms, and MDMA is resurfacing after years of neglect amid the war on drugs. Soon, VC firms focused on psychedelics companies began to emerge. Some psychedelics VCs, however, are still wary about entering the newest psychedelics space: Oregon's soon-to-be-legal magic mushroom market. Insider published a list of the psychedelics startups that raised the most cash in 2020.

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