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2025-01-13
NuScale Power ( SMR 10.10% ) stock is unstoppable -- it surged 28% this week to an all-time high of $29.52 per share at its highest point in trading through Friday noon, according to data provided by S&P Global Market Intelligence . The nuclear energy stock is now up a whopping 50% in November, after rallying 65% in October . Why is NuScale Power stock soaring higher and higher? Could nuclear energy win under Trump? Investors in NuScale Power are betting big on the company's potential growth as the U.S. continues to take measures to boost the domestic nuclear energy industry. Last week, the White House announced its intention to "at least" triple U.S. nuclear energy production by 2050. Plans include supporting the development of small modular reactors (SMRs). That's what NuScale Power is also all about -- it is building scalable SMRs to provide low-cost, reliable, carbon-free electricity. SMRs are significantly smaller and can be built at locations not suitable for traditional nuclear reactors. This week, investors in nuclear energy stocks like NuScale Power found another reason to bet more money: President-elect Donald Trump's pick for the next secretary of the Department of Energy (DOE), Chris Wright. Things get interesting at this point. Wright is the CEO of Denver-based fracking company Liberty Energy and a staunch supporter of fossil fuels. In a video posted on LinkedIn in 2023, Wright even said, "there is no climate crisis, and we're not in the midst of an energy transition either." So while climate change activists believe Trump as the president is bad news for the renewable energy industry, the nuclear energy industry should still thrive since the energy source has found support from both the Republicans and the Democrats. What's next for NuScale Power stock? NuScale Power still has a long way to go as the company could still take years to commercialize its flagship "VYOGR" SMR plant. Yet, NuScale Power's story is exactly the kind that excites aggressive investors -- a start-up building a technology that could be a huge thing if proven. To investors' -- and NuScale's -- credit, the company has won some DOE cost-share awards, and its SMR design is the first to be certified by the U.S. Nuclear Regulatory Commission. Long story short, SMRs and NuScale Power have solid potential , but only if the technology is proven and feasible. Like it or not, NuScale Power stock remains a speculative bet that isn't for the faint of heart.To lure Juan Soto, Mets created a video of his statue outside Citi Field next to Tom Seaver's NEW YORK (AP) — The New York Mets wanted Juan Soto to know his future with them could be set in stone. When the free agent outfielder traveled to owner Steve Cohen’s house in Beverly Hills, California, for a presentation last month, the team unveiled a video that included an image of a future Soto statue outside Citi Field, next to the one erected of franchise great Tom Seaver. Soto put on a New York Mets jersey and cap for the first time Thursday after his record $765 million, 15-year contract was finalized and talked about what made the difference in his decision. Bill Belichick 'always wanted' to give college coaching a try. Now he will at North Carolina New North Carolina football coach Bill Belichick said he had long been interested in coaching in the college ranks. But it had never worked out until now, as he takes over the Tar Heels program. Belichick led the New England Patriots to six Super Bowl titles during a 24-year run there that ended last year. Belichick's five-year deal pays him $10 million in base and supplemental salary per year. It is guaranteed only for the first three years, including for buyout purposes. There is also up to $3.5 million in annual bonuses. Wander Franco's sex abuse trial has been postponed 5 months PUERTO PLATA, Dominican Republic (AP) — The trial against Tampa Bay Rays shortstop Wander Franco, who has been charged with sexually abusing a minor, sexual and commercial exploitation against a minor, and human trafficking, has been postponed until June 2, 2025. Dominican judge Yacaira Veras postponed the hearing Thursday at the request of prosecutors because of the absence of several key witnesses in the case. Franco’s lawyers asked the court to reconsider the postponement, arguing Franco must report to spring training in mid-February. The judge replied that Franco is obligated to continue with the trial schedule and his conditional release from detainment. LeBron James ruled out of Lakers' game at Minnesota on Friday with foot soreness LOS ANGELES (AP) — LeBron James has been ruled out of the Los Angeles Lakers’ game at Minnesota on Friday night due to soreness in his left foot. James will miss his second straight game when the Lakers return from a four-day break to face the Timberwolves. The top scorer in NBA history was away from the team this week with an excused absence attributed to “personal reasons,” coach JJ Redick said Wednesday. It’s unclear whether James will even make the quick round trip to Minnesota before the Lakers’ next game at home against Memphis on Sunday. Rape investigation that Swedish media say focused on Kylian Mbappé has been closed STOCKHOLM (AP) — Swedish prosecutors say they have dropped a rape investigation that was launched in connection with soccer star Kylian Mbappé’s visit to Stockholm in October. In a statement, lead investigator Marina Chirakova says there is not enough evidence to continue the investigation into the allegation at a hotel. Prosecutors never publicly named the suspect in the investigation but some Swedish media reported it was Mbappé. The Real Madrid striker visited Stockholm in October during a break in the Spanish league. At the time, Mbappé’s legal team dismissed those reports as false. Travis Hunter, the 2-way standout for Colorado, is the AP college football player of the year BOULDER, Colo. (AP) — Colorado two-way standout Travis Hunter is The Associated Press college football player of the year. Hunter received 26 of the 43 votes from a panel of AP Top 25 voters. Boise State tailback Ashton Jeanty finished second with 16 votes, and Arizona State running back Cameron Skattebo received one vote. A throwback player who rarely left the field, Hunter had 92 catches for 1,152 yards and 14 touchdowns as a receiver. He had four interceptions and 11 passes defensed as a shutdown corner. Hunter helped the the 20th-ranked Buffaloes to a 9-3 record and an appearance in the Alamo Bowl against BYU. 2034 World Cup visitors will live in 'a bubble' and not see real life, Saudi rights activist says LONDON (AP) — A Saudi human rights activist says soccer fans visiting Saudi Arabia for the 2034 World Cup will live in a “bubble” that doesn't reflect real life there. Lina al-Hathloul is a London-based activist whose sister was jailed in Saudi Arabia then banned from travel after campaigning to end a ban on women driving. When FIFA confirmed the kingdom as the 2034 tournament host on Wednesday its president Gianni Infantino acknowledged “the world will be watching” for positive social change. Al-Hathloul says western people “will be very safe” at the World Cup but "will see a bubble of what Saudi Arabia is.” Team claims NASCAR rescinded approval to buy new charter unless federal antitrust suit is dropped CHARLOTTE, N.C. (AP) — A new court filing says NASCAR rejected Front Row Motorsports’ agreement to purchase a charter from Stewart-Haas Racing unless the team and 23XI Racing dropped their federal antitrust lawsuit against the stock car series. Front Row and 23XI rejected NASCAR's new revenue sharing agreement and have gone to court. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. Indian teen Gukesh Dommaraju becomes the youngest chess world champion after beating Chinese rival NEW DELHI (AP) — Indian teenager Gukesh Dommaraju has become the youngest chess world champion after beating the defending champion Ding Liren of China. Dommaraju, 18, secured 7.5 points against 6.5 of his Chinese rival in Thursday's game which was played in Singapore. He has surpassed the achievement of Russia’s Garry Kasparov who won the title at the age of 22. Dommaraju is now also the second Indian to win the title after five-time world chess champion Viswanathan Anand. The Indian teen prodigy has long been considered a rising star in the chess world after he became a chess grandmaster at 12. He had entered the match as the youngest-ever challenger to the world crown after winning the Candidates tournament earlier this year. Hojlund scores twice for Man United to beat Viktoria Plzen 2-1 in Europa League, Tottenham held 1-1 Rasmus Hojlund scored twice after coming off the bench and Manchester United rallied to beat Viktoria Plzen 2-1 in the Europa League. The Denmark striker netted in the 88th minute after collecting Bruno Fernandes’ pass off a free kick to seal the victory. Hojlund came on in the 56th and scored an equalizer six minutes later. Totenham was held 1-1 at Rangers and Lazio tops the standings after a 3-1 win at Ajax. In the Conference League a youthful Chelsea lineup made the most of a long trip to Kazakhstan by beating Astana 3-1 to stay perfect in the third-tier competition.fb 777 5 ph

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Dozens of people suspected of criminal offences being investigated over Post Office Horizon scandal By REBECCA CAMBER CHIEF CRIME CORRESPONDENT FOR THE DAILY MAIL Published: 23:12, 11 December 2024 | Updated: 23:14, 11 December 2024 e-mail 26 View comments Dozens of people suspected of criminal offences in the Post Office Horizon scandal are being investigated in the largest police inquiry in history. About 100 officers from forces across the country have been drafted in to investigate one of Britain’s most widespread miscarriages of justice. More than 900 sub-postmasters were wrongly prosecuted between 1999 and 2015 after faulty Horizon accounting software made it look as though money was missing from their accounts. But in total there were potentially more than 3,000 victims in the scandal through Post Office criminal and private prosecutions, civil claims and contract withdrawals. Many are still awaiting compensation. Now police are investigating potential charges of perjury and perverting the course of justice linked to the wrongful prosecutions of sub-postmasters and the wider presentation of the Horizon IT system as robust. Dozens of people suspected of criminal offences in the Post Office Horizon scandal are being investigated in the largest police inquiry in history (stock image) Detectives are looking at dozens of ‘persons of interest’ including those at senior levels within the Post Office and Fujitsu who were responsible for the software, as well as others in the legal profession involved in the wrongful prosecutions. No charges will be made until after the ongoing public inquiry publishes its report. Yesterday Met commander Stephen Clayman said he was determined to put suspects on trial as soon as possible in 2027. He said: ‘I cannot make promises this will be a fast process. However, I speak on behalf of our whole team when I say we will approach it with independence, precision and integrity.’ Share or comment on this article: Dozens of people suspected of criminal offences being investigated over Post Office Horizon scandal e-mail Add comment

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