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Redwood Materials expects to draw down the first loan tranche later this year, Chief Executive JB Straubel said in an interview. The IRA rules are designed to shift the U.S. battery supply chain away from China, which currently produces 70% of batteries for electric vehicles. EXPANSION PLANSRedwood Materials, founded in 2017 by ex-Tesla executive Straubel, is on a path to become one of the world’s largest recyclers and re-manufacturers of battery materials, including copper, lithium, cobalt and nickel. Redwood Materials said it will supply copper foil from Nevada to Panasonic (6752.T) for battery cells produced at the Nevada Gigafactory that Panasonic jointly operates with Tesla. Redwood Materials has supply agreements with a number of manufacturers, including Ford, Toyota Motor (7203.T) and Volkswagen Group (VOWG_p.DE).

☆ Redwood Materials scores a new $2 billion loan to build out battery recycling facility in Nevada
▼ + stars: | 2023-02-09 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Redwood Materials was founded by former Tesla CTO and cofounder JB Straubel in 2017 during his tenure at Elon Musk's car company. The battery-recycling startup will use the funding to build and expand its battery recycling facility outside of Reno, Nevada. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday via its loan programs office. As CNBC previously reported, last year Redwood Materials struck a multi-billion dollar deal with Tesla supplier Panasonic. Redwood Materials has a pilot line up and running for production of anode copper foil in Nevada already.

Feb 6 (Reuters) - A U.S. judge on Monday ordered regulators to reconsider part of the permit approving Lithium Americas Corp's (LAC.TO) Thacker Pass lithium mine project in Nevada, though the mixed ruling rejected claims that the project would cause unnecessary harm to the environment or wildlife. Chief Judge Miranda Du of the federal court in Reno, Nevada, ordered the U.S. Bureau of Land Management to determine whether the company has the right to dump waste rock at the site, a ruling based on a complex set of case law. Du's ruling can be appealed. Reporting by Ernest Scheyder; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ These are the 10 easiest cities to find a home in this year as housing inventory improves and mortgage rates continue to fall
▼ + stars: | 2023-02-05 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

But the housing market remains tight nationwide, with supply down 42% from early 2020. Freddie MacThere's also mounting evidence that the once-scorching housing market has begun to cool off. By year's end, Knock expects there to be 34 buyer's markets and 34 seller's markets in the nation's 100 largest metro areas, with the remaining markets neutral. 10 markets that are easiest to buy a home inHowever, with supply stubbornly tight in many markets, buyers still face stubbornly high home prices. KnockBelow are the 10 US real estate markets that will see the fastest home inventory growth in 2023, according to Knock.

☆ How to pinpoint the housing markets most set to decline in 2023 — and why real estate in the most expensive cities could fall 30%
▼ + stars: | 2023-02-02 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

BiggerPockets' Dave Meyers forecasts national housing prices will come down in 2023. Low interest rates, easy money, and a dwindling supply of new homes sent nationwide housing markets into uncharted territory over the last two years. "When you see inventories start to spike, that signals a significant shift towards a buyer's market where prices are probably going to go down. Prices are likely to go down in 2023According to Meyer, the housing market in 2023 should be a tale of two halves. But once affordability begins to improve again, Meyer believes the housing market will bottom, spurring new growth.

☆ Jeremy Renner was trying to stop snowplow from hitting nephew when he was crushed, officials say
▼ + stars: | 2023-01-26 | by ( Samantha Kubota | ) www.nbcnews.com time to read: +2 min

Actor Jeremy Renner was trying to stop his snowplow from sliding and hitting his nephew when he was crushed by the tractor on New Year's Day, a Nevada sheriff's office incident report says. The Jan. 1 incident report from Washoe County Sheriff's Office says Renner towed his nephew’s truck out of the snow at his Reno property on a private road. The plow, called a Pistenbully, started sliding down a hill so Renner got out but without putting the emergency brake on, the report says. The plow — which runs on a track — was then sliding toward his nephew, who was in his truck. The report says Renner tried to step up on the track to divert the plow or stop it.

☆ You Call That Snow?! See How This Winter Stacks Up.
▼ + stars: | 2023-01-26 | by ( Francesca Paris | ) www.nytimes.com time to read: +7 min

If so, you’re not alone: It has been a dreary winter for children hoping for snow days and grown-up snow enthusiasts alike on the East Coast. More than 50 years of snowfall in … Interactive line chart showing cumulative snowfall for each winter season over 50 years, as well as the median snowfall for all seasons. Line chart showing Philadelphia’s cumulative snowfall for each winter season over 50 years. Loading dataLine chart showing Boston’s cumulative snowfall for each winter season over 50 years. Milwaukee Pittsburgh Providence, R.I. Pueblo, Colo. Richmond, Va. Rockford, Ill. St. Louis Topeka, Kan. About normal snow Anchorage Boise, Idaho Colorado Springs Columbia, Mo.

☆ Tesla Plans $3.6 Billion Factory Expansion in Nevada
▼ + stars: | 2023-01-25 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Since 2014, Tesla has invested $6.2 billion in Nevada and the plant it has built there. Tesla Inc. said it would spend more than $3.6 billion to expand its plant near Reno, Nev., where the electric-vehicle maker assembles batteries and produces EV car components. The Elon Musk-led auto maker said its investment plan would expand its lithium-ion battery and electric-vehicle-component facilities there and employ 3,000 additional workers.

☆ Tesla Eyes $3.6 Billion Factory Expansion
▼ + stars: | 2023-01-25 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

An aerial view of the Tesla factory in Nevada. Tesla Inc. said it would spend more than $3.6 billion to expand its plant near Reno, Nev., where the electric-vehicle maker assembles batteries and produces EV car components. The Elon Musk-led auto maker said its investment plan would expand its lithium-ion battery and electric-vehicle-component facilities there and employ 3,000 additional workers.

☆ Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +3 min

The cell plant would be able to make enough batteries for 2 million light-duty vehicles annually, including batteries using the 4680-type cell. The 4680 is key to Tesla meeting a goal of halving battery costs and ramping up battery production nearly 100-fold by 2030. Panasonic currently supplies cells to the gigafactory, and Tesla assembles them into battery packs there. Tesla has struggled to ramp up production of the 4680 at its factories in Fremont, California, and Austin, Texas. The EV maker aimed to produce 50,000 Semis in 2024, Musk said on a post-earnings call in October.

☆ Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada
▼ + stars: | 2023-01-24 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media. It wasn't immediately clear whether Tesla's plans expand the company's manufacturing footprint beyond the property it is already developing outside of Reno in Sparks, Nevada. Tesla began construction of its first battery factory in Nevada in 2014. Joe Lombardo revealed details about Tesla's plans for expansion in the state early on Monday. Tesla CEO Elon Musk held a ceremony in Nevada in December to kick off deliveries of the company's Tesla Semi to a key early customer, PepsiCo .

☆ Actor Jeremy Renner says he broke more than 30 bones in snowplow accident
▼ + stars: | 2023-01-22 | by ( Leila Sackur | ) www.nbcnews.com time to read: +1 min

Actor Jeremy Renner broke more than 30 bones in his body when he was run over by a snowplow earlier this month, he said in an Instagram post Saturday. Neighbors helped as he waited 40 minutes for first responders to arrive on the scene due to weather conditions, Balaam said. Renner suffered blunt chest trauma and orthopedic injuries, his representative, Sam Mast, said at the time, adding that Renner was in critical but stable condition when he was treated in the ICU. “Outside my brain fog in recovery, I was very excited to watch episode 201 with my family at home,” he said. The actor, who is a two-time Oscar nominee, had previously posted images and video on Instagram of him standing next to snowplows and rolling through icy terrain in a Jeep.

Actor Jeremy Renner is out of the hospital and back at home after he was run over by a snowplow earlier this month and sustained serious injuries. Renner, 52, has been keeping fans updated on his progress since he was hospitalized on New Year’s Day following the accident. Renner had blunt chest trauma and orthopedic injuries from the accident, his representative, Sam Mast, said earlier this month. Renner went to speak to a family member when the snowplow started to roll toward him. Neighbors helped Renner while he waited 40 minutes for first responders to arrive because of the weather conditions, Balaam said.

☆ Black rappers call out double standard of using hip-hop lyrics as evidence in rapper Young Thug’s criminal trial
▼ + stars: | 2023-01-13 | by ( Safia Samee Ali | Safia Samee Ali Is A Reporter For Nbc News Digital | Based In Chicago. | ) www.nbcnews.com time to read: +11 min

Authorities had no physical evidence or weapon that linked Phipps to the shooting, and the then 22-year-old had no criminal record. Through her research Kubrin has found bias against rap music and artists, she said, adding that much of that bias is racialized. That means using lyrics from rap music, a historically Black genre, can infect jurors with anti-Black racism regardless of whether the defendant himself is Black, she said. Defending the practiceFulton County prosecutor Fani Willis, whose office is trying the case against Young Thug and other YSL members, has defended using music lyrics in trials. Gavin Newsom signed the Decriminalizing Artistic Expression Act, which made it the first state to restrict the use of rap lyrics as evidence in state court.

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☆ Banks' war against fintechs is a battle they're destined to lose
▼ + stars: | 2023-01-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

And while this shouldn't bother banks — they make plenty of money doing what they do best — this is Wall Street. In fact, the face of Wall Street, JPMorgan CEO Jamie Dimon, literally declared war on fintechs on an earnings call in 2021. But, as Insider's Bianca Chan and Reed Alexander recently outlined in a fantastic feature, banks' bid to topple fintechs is hopeless. Whether it's JPMorgan's digital-only bank Finn or, more recently, Goldman Sachs' Marcus, banks' attempt to cosplay as fintechs rarely ends well. Click here to read more about why banks are doomed to keep failing in their fight against fintechs.

☆ Jeremy Renner Still in Critical Condition After Being Run Over by Snowplow
▼ + stars: | 2023-01-04 | by ( Talal Ansari | Alyssa Lukpat | ) www.wsj.com time to read: 1 min

“Avengers” actor Jeremy Renner remained in critical but stable condition Tuesday after he was run over by a snowplow on New Year’s Day in Nevada, officials said. The accident Sunday happened after Mr. Renner’s vehicle, which was being driven by a family member, got stuck in the snow near his home, Washoe County Sheriff Darin Balaam said at a press briefing Tuesday afternoon. The Reno area recorded heavy snow over the weekend.

Actor Jeremy Renner was run over by his own snow plow while moving snow near his home near Reno, Nevada. The incident happened while the actor was trying clear his own car, driven by a family member, from the snow. "There was about three feet that we just received on top of whatever else they'd received prior to this big snowstorm, but three feet of fresh snow," Balaam said. Renner used his own plow, described as a PistenBully that weighs more than 14,000 pounds, to extract the car from the snow. Balaam described Renner as a "great neighbor" who often cleared the roads for others after snowstorms and was a beloved member of the community.

[1/2] A screen grab shows a selfie of actor Jeremy Renner on a hospital bed, posted on Instagram with a caption reading, "Thank you all for your kind words. Jeremy Renner via Instagram/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. The actor posted a selfie from his hospital bed in Nevada, showing him looking bruised with oxygen tubes in his nose. Renner has owned a home in Washoe County, Nevada, for several years, according to the Reno Gazette Journal. Renner used his plow, described by Balaam as a PistenBully that weighed over 14,000 pounds, to extract the car.

☆ Chewy Looks to Open More Automated Fulfillment Centers in Drive to Control Costs
▼ + stars: | 2023-01-03 | by ( Nina Trentmann | ) www.wsj.com time to read: +5 min

Online pet retailer Chewy Inc. plans to open more automated fulfillment centers in 2023 to control costs and raise efficiency, which could help the company repurpose certain capital spending, its finance chief said. Photo: Chewy Inc.“When we think about the future of our fulfillment network, automation is at the center of that,” Mr. Marte said. The company, which had over 21,000 employees and 13 fulfillment centers in December, usually requires about 1,200 people for a manned distribution center. “Those are real dollars,” Mr. Marte said, adding that Chewy is working to grow profits and taking out costs. Over time, the company could defer or lower some of its capital expenditures, Mr. Marte said.

☆ Jeremy Renner Remains in Critical Condition After Surgery Following Snowplow Accident
▼ + stars: | 2023-01-03 | by ( Associated Press | ) www.wsj.com time to read: 1 min

Jeremy Renner’s Avengers character, Hawkeye, now has his own Disney+ series. Jeremy Renner suffered blunt chest trauma and orthopedic injuries in a snowplow accident in Reno, Nev., on Sunday, a representative for the actor said, and remains in critical but stable condition after undergoing surgery. A publicist for Mr. Renner said that the 51-year-old “Avengers” star is in an intensive-care unit following surgery on Monday.

☆ 'Atmospheric river' floods Northern California and may have contributed to at least 3 deaths
▼ + stars: | 2023-01-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

Sunday afternoon, mandatory evacuations were activated for residents of the Point Pleasant community south of the city of Sacramento, Sacramento County officials said. "Flooding in the area is imminent," the Sacramento County Office of Emergency Services said in a statement. NBC affiliate KCRA of Sacramento reported that dozens of motorists have been rescued from vehicles stranded in high waters in Sacramento County. Nearby Oakland, however, set its one-day record by scoring 4.75 inches of rain, the National Weather Service said. "Precipitation chances will ramp up again Monday and Tuesday as a series of Pacific Storm systems continues to impact the region," the National Weather Service said.

☆ Jeremy Renner in critical but stable condition after snow plowing accident
▼ + stars: | 2023-01-02 | by ( ) www.nbcnews.com time to read: +1 min

Jeremy Renner is in critical but stable condition after a weather-related accident. “We can confirm Jeremy is in critical but stable condition with injuries suffered after experiencing a weather-related accident while plowing snow earlier today,” Renner’s rep confirmed. That area in northern Nevada received heavy snowfall on Near Year’s Eve, according to the newspaper. In 2015, Renner posted an Instagram photo of a snowcat vehicle, which is used to travel over snowy terrain in difficult conditions. He also recently teased an unscripted series he’s starring in at Disney Plus in 2023 called “Rennervations.”

☆ Jeremy Renner, Marvel's Hawkeye, hospitalized after snow plow accident
▼ + stars: | 2023-01-02 | by ( Kanishka Singh | ) www.reuters.com time to read: +1 min

Jan 2 (Reuters) - Actor Jeremy Renner, who played Hawkeye in the Marvel "Avengers" movies, was in "critical but stable" condition in the hospital in Nevada, on Monday, the day after suffering a "traumatic injury" plowing snow, his publicist and local officials said. Oscar-nominated Renner, 51, has owned a home in Washoe County, Nevada for several years, according to the Reno Gazette Journal. Local officials said the actor suffered a "traumatic injury" on Sunday morning and was transported to a local area hospital in a care flight. The Washoe County Sheriff's Office said in a statement that it "responded to a traumatic injury in the area of Mt. It said Renner was the only involved party in the incident, which was being investigated.

☆ Marvel actor Jeremy Renner in 'critical condition' after snow plow accident
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: 1 min

Jan 2 (Reuters) - Marvel actor Jeremy Renner is in "critical but stable" condition after being injured in an accident while plowing snow, entertainment magazine Variety reported on Monday. Oscar-nominated Renner, 51, has owned a home in Washoe County, Nevada for several years, according to the Reno Gazette Journal. That area in northern Nevada received heavy snowfall on New Year's Eve. The actor has starred in multiple Marvel projects. He won best actor for the 2008 film "The Hurt Locker" and has received two Oscar nominations for the crime drama film "The Town".

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