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NoneBROOKFIELD, News, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) today announced that the Toronto Stock Exchange (the “TSX”) accepted a notice filed by BIP of its intention to renew its normal course issuer bid for its outstanding limited partnership units (“LP Units”) and its cumulative class A preferred limited partnership units (“Preferred Units”, and together with LP Units, “Units”). Brookfield Infrastructure Corporation (“BIPC”) (NYSE/TSX: BIPC) also today announced that the TSX accepted a notice filed by BIPC of its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares (“Exchangeable Shares”). BIP and BIPC believe that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase Units or Exchangeable Shares, as applicable, should they be trading in price ranges that do not fully reflect their value. Under BIP’s normal course issuer bid, the Board of Directors of the general partner of BIP authorized BIP to repurchase up to 5% of the issued and outstanding LP Units, or up to 23,088,572 LP Units. At the close of business on November 19, 2024, there were 461,771,450 LP Units issued and outstanding. Under BIP’s normal course issuer bid, it may repurchase up to 126,133 LP Units on the TSX during any trading day, which represents 25% of the average daily trading volume of 504,532 LP Units on the TSX for the six months ended October 31, 2024, calculated in accordance with the rules of the TSX. BIP currently has four series of Preferred Units outstanding and that trade on the TSX. Under BIP’s normal course issuer bid, BIP is authorized to repurchase up to 10% of the total public float of each series of Preferred Units as follows: Calculated as at November 19, 2024. For the 6 months ended October 31, 2024. In accordance with TSX rules, any daily repurchases with respect to each of the Series 1, Series 9 and Series 11 Preferred Units will be limited to 25% of the average daily trading volume on the TSX of the respective series and any daily repurchases with respect to the Series 3 Preferred Units will be limited to 1,000 Preferred Units. Under BIPC’s normal course issuer bid, the Board of Directors of BIPC authorized BIPC to repurchase up to 10% of the total public float of Exchangeable Shares, or up to 11,889,600 Exchangeable Shares. At the close of business on November 19, 2024, there were 132,029,368 Exchangeable Shares issued and outstanding and 118,896,006 Exchangeable Shares in the public float. Under BIPC’s normal course issuer bid, it may repurchase up to 46,896 Exchangeable Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 187,586 Exchangeable Shares on the TSX for the six months ended October 31, 2024, calculated in accordance with the rules of the TSX. Repurchases under each normal course issuer bid are authorized to commence on December 2, 2024 and each normal course issuer bid will terminate on December 1, 2025, or earlier should BIP or BIPC, as applicable, complete its repurchases under its respective normal course issuer bid prior to such date. Under BIP’s current normal course issuer bid that commenced on December 1, 2023 and expires on November 30, 2024, BIP previously sought and received approval from the TSX to repurchase up to 23,107,234 LP Units, 498,926 Series 1 Preferred Units, 498,586 Series 3 Preferred Units, 798,659 Series 9 Preferred Units and 993,619 Series 11 Preferred Units. BIP has not repurchased any Units under its current normal course issuer bid in the past twelve months. Under BIPC’s normal course issuer bid that commenced on December 1, 2023 and expires on November 30, 2024, BIPC previously sought and received approval from the TSX to repurchase up to 11,867,195 Exchangeable Shares. BIPC has not repurchased any Exchangeable Shares under its current normal course issuer bid in the past twelve months. Repurchases of Series 1, Series 3, Series 9 and Series 11 Preferred Units will be effected through the facilities of the TSX and/or alternative trading systems. Repurchases of LP Units and Exchangeable Shares will be effected through the facilities of the TSX, the NYSE and/or alternative trading systems. All Units and Exchangeable Shares acquired by BIP and BIPC, respectively, under the applicable normal course issuer bid will be cancelled. Repurchases will be subject to compliance with applicable United States federal securities laws, including Rule 10b-18 under the United States Securities Exchange Act of 1934, as amended, as well as applicable Canadian securities laws. BIP and BIPC intend to enter into automatic share purchase plans on or about the week of December 23, 2024 in relation to their respective normal course issuer bids. The automatic share purchase plans will allow for the purchase of Units or Exchangeable Shares, as applicable, subject to certain trading parameters, at times when BIP or BIPC ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside these periods, the Units or Exchangeable Shares will be repurchased in accordance with management’s discretion, subject to applicable law. About Brookfield Infrastructure Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at https://bip.brookfield.com . Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over US$1 trillion of assets under management. For more information, go to https://brookfield.com . Contact Information Cautionary Statement Regarding Forward-looking Statements This news release contains forward-looking statements and information within the meaning of applicable securities laws. The words “believes,” “may” or derivations thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Forward-looking statements in this news release include statements regarding potential future repurchases by BIP of its Units and by BIPC of its Exchangeable Shares pursuant to their respective normal course issuer bids and, as applicable, automatic repurchase plans. Although BIP and BIPC believe that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of BIP and BIPC are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of BIP and BIPC to differ materially from those contemplated or implied by the statements in this news release include: general economic conditions; interest rate changes; availability of equity and debt financing; the performance of Units and Exchangeable Shares or the stock exchanges generally; and other risks and factors described in the documents filed by BIP and BIPC with securities regulators in Canada and the United States including under “Risk Factors” in BIP’s and BIPC’s most recent Annual Reports on Form 20-F and other risks and factors that are described therein. Except as required by law, BIP and BIPC undertake no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.Avalanche play the Lightning on 3-game win streakMan Utd legend Sir Alex Ferguson, 82, finally loses long-standing Champions League record
Controversial social media star HSTikkyTokky has pulled out of his planned return to the ring with just hours until the bell. The Tik Tok sensation is one of the most popular personalities in the influencer boxing space, and was due to compete for the first time since August tomorrow in a short-notice bout. He was set to face Moziah ‘Mosai Warrior’ Pinder on the Misfits Boxing Super Card on Thursday in Qatar. The event features a massive headliner between AnEsonGib and Slim Albaher and a co-main between Beta Squad’s King Kenny and beloved Tik Tok star Salt Papi . HSTikkyTokky was due to be one of the biggest names on the card, but is now out of action. BEEF: YouTube boxer KSI feuds with former coach over claims he ‘destroyed’ AnEsonGib in early sparring session HSTikkyTokky sends crude message as he pulls out of fight hours before One of the most anticipated fights of the Misfits event in Qatar was announced last week on short notice as HSTikkyTokky was drafted in to fight the ‘Mosai Warrior’. The Brit, whose name is Harrison Sullivan, made his debut in August when he viciously knocked out George Fensom in Dublin. And he was set to return tomorrow night, until he suffered a shoulder injury that ruled him out of the event. He had missed the entirety of fight week due to a travel issue, but reportedly weighed in this morning before skipping ceremonial weigh-ins with his injury. Last minute medicals were undergone to try to make the fight happen, but HS now claims he was unable to make it happen. He shared the news in his own inimitable style on his backup Instagram page HSDubaiTokky late on Wednesday evening in Qatar. He posted a video with his girlfriend dining at Nobu, with the crude caption: “Quick nobu with @lillie_may6 in Qatar. Injured my shoulder strumming the narn too hard last night so can’t scrap tomorrow unfortunately, big love.” HSTikkyTokky’s opponent breaks his silence after fight appears to be cancelled Love Island star Moziah Pinder had been drafted in on short notice to face HS, marking the second time he would face a contestant from the popular British show. He showed up throughout fight week, and seems to be ready to fight on Thursday still. He shared a brief video to his Instagram story slamming Sullivan for not appearing at the fight week events, saying: “Harrison Sullivan, you need to stop this now, this princess movement that you’re doing, you need to stop this. “Turn up to fight me tomorrow, on paper you’re 1-0 against me. So you have the advantage, right? Turn up and fight me tomorrow. You need to stop this, you’re failing to turn up to basic things, how?” Mams Taylor gave health update on HSTikkyTokky hours before fight pullout Misfits Boxing boss Mams Taylor is one of Sullivan’s most outspoken fans. Many viewers compare his regular defence of the controversial star to Dana White’s at times comical relationship with Jon Jones, and he was eager to see his fellow Brit compete. But speaking with Pro Boxing Fans earlier on Wednesday evening, Taylor explained: “Honestly, he’s had a really, really bad injury and medical clearance is pending. But it doesn’t look good... I’d say it’s about 87.4 per cent chance he won’t fight.” The injury is undisclosed as yet, but Bloody Elbow understands that it is legitimate according to sources within the promotion. Who is Jake Paul? Get to know the YouTuber-turned-boxing sensation as he prepares to fight Mike TysonST. PAUL, Minn. — The emotion was written all over Ville Heinola’s face Monday as he prepared to play his first NHL game in more than 22 long — at times excruciatingly painful — months. Read this article for free: Already have an account? To continue reading, please subscribe: * ST. PAUL, Minn. — The emotion was written all over Ville Heinola’s face Monday as he prepared to play his first NHL game in more than 22 long — at times excruciatingly painful — months. Read unlimited articles for free today: Already have an account? ST. PAUL, Minn. — The emotion was written all over Ville Heinola’s face Monday as he prepared to play his first NHL game in more than 22 long — at times excruciatingly painful — months. “Every time you watch the team play you just want to get out there and it kills you inside when you can’t,” Heinola told the following the Winnipeg Jets morning skate at Xcel Energy Center. “I’m just happy it’s over now and I don’t have to worry about that.” The watching and waiting and worrying finally ended as Heinola was in the Jets lineup for the first time since Jan. 19, 2023, as they took on the Minnesota Wild. “It’s been a long journey for me, for sure,” said the 23-year-old smooth-skating, puck-moving defenceman, who was selected 20th overall in the 2019 NHL draft. “It’s been a struggle to get back and feel good. But now it feels great and I’m super excited to be back.” Heinola’s medical history is rather heartbreaking, given that he’s seen two golden opportunities vanish due to circumstances beyond his control. The first occurred during training camp in 2023, when an impressive preseason meant he had earned a spot not only on the 23-man roster, but in the opening-night lineup as well. However, a broken ankle suffered in the final preseason tune-up set the course for a series of unfortunate events that would severely test the young Finn physically and mentally. By the time he’d made a full recovery a few months later, the Jets were flying high with no room for him on a crowded, healthy blue line so Heinola spent the second half of the season with the Manitoba Moose, waiting for an opportunity that would never come. Sean Kilpatrick / THE CANADIAN PRESS files Jets defenceman Ville Heinola hit the ice with the big club in regular season action Monday for the first time in almost two years. Fast forward to 2024 training camp and, once again, the door was wide open. The Jets hadn’t re-signed free agents Brenden Dillon and Nate Schmidt, and Heinola was going to get a chance to play regular minutes. Before he could even get in an exhibition game, however, his surgically-repaired ankle developed an infection. The only remedy was to go back under the knife, which would cost Heinola two more months of action. “It’s been a long ride for him,” said Jets coach Scott Arniel. “But it is what it is. That’s why we said to him that he’s waited long enough. We wanted to get him a couple of quick games down with the Moose. Now it’s a case of he’s here, so go and show us what you can do. He’s pretty excited and I know he’s been waiting for this moment for a long time.” Heinola resumed skating a few weeks ago and agreed to a brief conditioning stint in the AHL, which culminated Saturday with him setting up the game-winning goal in the third period. “I think it helps a lot. Obviously, it’s been a while since I played with those guys. So just getting my legs and everything back the way it was,” said Heinola. “I feel like I had more power in my legs on Saturday. I think it takes a little bit to get back into game shape. But I’ve been working hard in the gym every single day, so I’m not really worried about my conditioning.” MIKAELA MACKENZIE / FREE PRESS Heinola skates with the Moose in a school-day game on Thursday. For a change, Heinola’s timing couldn’t be better. His return comes after , sidelining him indefinitely. “Every time you see a guy go down it’s not a great feeling. For me, especially, I know how it is to not play and be out for a while,” said Heinola. “But I just hope he has a quick recovery and will be back soon.” Although Samberg and Heinola are very different players, the Jets were glad to have an injection of talent and youthful energy in their lineup. “The perseverance is incredible,” said defenceman Neal Pionk. “You see what he went through last year, you feel awful for him. There’s not a whole lot you can do. This year, you get all excited for him and you kind of look at things through his eyes and then he gets the bad news again in training camp and you just feel for him. I’m excited for him. You look at it as a bit of a morale boost.” Heinola took Samberg’s spot on the roster, but not immediately in the defence pairings. Haydn Fleury moved up to skate beside Pionk, while Heinola started Monday’s game with Colin Miller. “We’ve been talking a lot. Obviously, we haven’t played together yet. But he’s a great guy,” said Heinola. “He talks a lot, so it should make my job pretty easy to play with him. He’s obviously a great player. So I think we’re going to play pretty well together. Heinola could certainly find himself moving up the lineup, especially if he can show the form that has made him one of the best young defenceman in the AHL. “I just want to move him in slowly here, get him in the mix, get him feeling comfortable,” said Arniel. “Obviously, the pace is going to be even higher than it was on the weekend for him. He’s a mobile, real-good pass-first defenceman and we just want to get him comfortable, to get out there and feeling good and then we’ll see where it goes from there.” Winnipeg Jets defenseman Dylan Samberg (54) climbs over the boards and onto the bench after being injured in Saturday’s game against the Nashville Predators. There’s no timeline for Samberg’s return. His toughness was on display as he blocked the Steven Stamkos slap shot, then managed to pick himself up, continue the shift and even try to get in the way of another blast before limping back to the bench. “That’s how tough he is,” Pionk said of his blue-line partner. “Not only that, but he skated off the ice on his own power. With a broken bone in his foot. That’s no joke. It says a lot about him. He’s willing to do the little things for the team. He always has. That’s one of his specialties, shot-blocking, he’s a warrior.” Dylan Coghlan is the only other healthy defenceman on the roster right now. The right-shot journeyman was a healthy scratch for a 22nd consecutive game on Monday. Logan Stanley has been sidelined since Nov. 9 with a mid-body injury, but took another step in his recovery as he joined the Jets for morning skate, albeit in a yellow non-contact jersey. He’s not expected to be ready for at least another week. “We’re going to have to step up by committee,” said Pionk. mike.mcintyre@freepress.mb.ca X and Bluesky: @mikemcintyrewpg Mike McIntyre is a sports reporter whose primary role is covering the Winnipeg Jets. After graduating from the Creative Communications program at Red River College in 1995, he spent two years gaining experience at the before joining the in 1997, where he served on the crime and justice beat until 2016. . Every piece of reporting Mike produces is reviewed by an editing team before it is posted online or published in print — part of the ‘s tradition, since 1872, of producing reliable independent journalism. Read more about , and . Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider . Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
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WASHINGTON (AP) — Special counsel Jack Smith moved to abandon two criminal cases against Donald Trump on Monday, acknowledging that Trump’s return to the White House will preclude attempts to federally prosecute him for retaining classified documents or trying to overturn his 2020 election defeat. The decision was inevitable, since longstanding Justice Department policy says sitting presidents cannot face criminal prosecution. Yet it was still a momentous finale to an unprecedented chapter in political and law enforcement history, as federal officials attempted to hold accountable a former president while he was simultaneously running for another term. Trump emerges indisputably victorious, having successfully delayed the investigations through legal maneuvers and then winning reelection despite indictments that described his actions as a threat to the country's constitutional foundations. “I persevered, against all odds, and WON," Trump exulted in a post on Truth Social, his social media website. He also said that “these cases, like all of the other cases I have been forced to go through, are empty and lawless, and should never have been brought.” The judge in the election case granted prosecutors' dismissal request. A decision in the documents case was still pending on Monday evening. The outcome makes it clear that, when it comes to a president and criminal accusations, nothing supersedes the voters' own verdict. In court filings, Smith's team emphasized that the move to end their prosecutions was not a reflection of the merit of the cases but a recognition of the legal shield that surrounds any commander in chief. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” prosecutors said in one of their filings. They wrote that Trump’s return to the White House “sets at odds two fundamental and compelling national interests: on the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law.” In this situation, “the Constitution requires that this case be dismissed before the defendant is inaugurated,” they concluded. Smith’s team said it was leaving intact charges against two co-defendants in the classified documents case — Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira — because “no principle of temporary immunity applies to them.” Steven Cheung, Trump's incoming White House communications director, said Americans “want an immediate end to the political weaponization of our justice system and we look forward to uniting our country.” Trump has long described the investigations as politically motivated, and he has vowed to fire Smith as soon as he takes office in January. Now he will start his second term free from criminal scrutiny by the government that he will lead. The election case brought last year was once seen as one of the most serious legal threats facing Trump as he tried to reclaim the White House. He was indicted for plotting to overturn his defeat to Joe Biden in 2020, an effort that climaxed with his supporters' violent attack on the U.S. Capitol on Jan. 6, 2021. But the case quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence it planned to use against him at trial, accusing him of “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. In dismissing the case, Chutkan acknowledged prosecutors' request to do so “without prejudice,” raising the possibility that they could try to bring charges against Trump when his term is over. She wrote that is “consistent with the Government’s understanding that the immunity afforded to a sitting President is temporary, expiring when they leave office.” But such a move may be barred by the statute of limitations, and Trump may also try to pardon himself while in office. The separate case involving classified documents had been widely seen as legally clear cut, especially because the conduct in question occurred after Trump left the White House and lost the powers of the presidency. The indictment included dozens of felony counts accusing him of illegally hoarding classified records from his presidency at his Mar-a-Lago estate in Palm Beach, Florida, and obstructing federal efforts to get them back. He has pleaded not guilty and denied wrongdoing. The case quickly became snarled by delays, with U.S. District Judge Aileen Cannon slow to issue rulings — which favored Trump’s strategy of pushing off deadlines in all his criminal cases — while also entertaining defense motions and arguments that experts said other judges would have dispensed with without hearings. In May, she indefinitely canceled the trial date amid a series of unresolved legal issues before dismissing the case outright two months later. Smith’s team appealed the decision, but now has given up that effort. Trump faced two other state prosecutions while running for president. One of them, a New York case involving hush money payments, resulted in a conviction on felony charges of falsifying business records. It was the first time a former president had been found guilty of a crime. The sentencing in that case is on hold as Trump's lawyers try to have the conviction dismissed before he takes office, arguing that letting the verdict stand will interfere with his presidential transition and duties. Manhattan District Attorney Alvin Bragg's office is fighting the dismissal but has indicated that it would be open to delaying sentencing until Trump leaves office. Bragg, a Democrat, has said the solution needs to balance the obligations of the presidency with “the sanctity of the jury verdict." Trump was also indicted in Georgia along with 18 others accused of participating in a sprawling scheme to illegally overturn the 2020 presidential election there. Any trial appears unlikely there while Trump holds office. The prosecution already was on hold after an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case. Four defendants have pleaded guilty after reaching deals with prosecutors. Trump and the others have pleaded not guilty. Associated Press writers Colleen Long, Michael Sisak and Lindsay Whitehurst contributed to this story.
Israel cracks down on Palestinian citizens who speak out against the war in Gaza UMM AL-FAHM, Israel (AP) — In the year since the war in Gaza broke out, Israel's government has been cracking down on dissent among its Palestinian citizens. Authorities have charged Palestinians with “supporting terrorism” because of posts online or for demonstrating against the war. Activists and rights watchdogs say Palestinians have also lost jobs, been suspended from schools and faced police interrogations. Palestinians make up about 20% of Israel's population. Many feel forced to self-censor out of fear of being jailed and further marginalized in society. Others still find ways to dissent, but carefully. Israel's National Security Ministry counters that, “Freedom of speech is not the freedom to incite.” Israel says rabbi who went missing in the UAE was killed TEL AVIV, Israel (AP) — Israel says the body of an Israeli-Moldovan rabbi who went missing in the United Arab Emirates has been found, citing Emirati authorities. The statement from Prime Minister Benjamin Netanyahu’s office on Sunday said Zvi Kogan was killed, calling it a “heinous antisemitic terror incident.” It said: “The state of Israel will act with all means to seek justice with the criminals responsible for his death." Kogan went missing on Thursday, and there were suspicions he had been kidnapped. His disappearance comes as Iran has been threatening to retaliate against Israel after the two countries traded fire in October. Israeli strike kills Lebanese soldier and wounds 18 as Hezbollah fires rockets at Israel BEIRUT (AP) — An Israeli strike on a Lebanese army center has killed one soldier and wounded 18 others. The Hezbollah militant group meanwhile fired around 160 rockets and other projectiles into northern and central Israel on Sunday, wounding at least five people. Israeli strikes have killed over 40 Lebanese troops since the start of the war between Israel and Hezbollah, even as Lebanon's military has largely kept to the sidelines. The Israeli military expressed regret over the strike, saying it occurred in an area of ongoing combat operations against Hezbollah. It said it does not target the Lebanese armed forces and that the strike is under review. The rising price of paying the national debt is a risk for Trump's promises on growth and inflation WASHINGTON (AP) — Donald Trump has big plans for the economy. He also has big debt problem that'll be a hurdle to delivering on those plan. Trump has bold ambitions on tax cuts, tariffs and other programs. But high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. The federal debt stands at roughly $36 trillion, and the spike in inflation after the pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security. After Trump's Project 2025 denials, he is tapping its authors and influencers for key roles WASHINGTON (AP) — During the campaign, President-elect Donald Trump had hailed what would become Project 2025 as a conservative roadmap for “exactly what our movement will do." Trump pulled an about-face when Project 2025 became a political liability. He denied knowing anything about the “ridiculous and abysmal” plans, even though some were written by his former aides and many allies. Now, after winning the 2024 election, Trump is stocking his second administration with key players in the effort he temporarily shunned. Trump has tapped Russell Vought for an encore as director of the Office of Management and Budget; Tom Homan, his former immigration chief, as “border czar;” and immigration hardliner Stephen Miller as deputy chief of policy. Forecasts warn of possible winter storms across US during Thanksgiving week WINDSOR, Calif. (AP) — Forecasters in the U.S. have warned of another round of winter weather that could complicate travel leading up to Thanksgiving. California is bracing for more snow and rain this weekend while still grappling with some flooding and small landslides from a previous storm. The National Weather Service has issued a winter storm warning for California's Sierra Nevada through Tuesday, with heavy snow expected at high elevations. Thousands remained without power in the Seattle area on Saturday after a “bomb cyclone” storm system hit the West Coast earlier in the week, killing two people. Parts of the Northeast and Appalachia also began the weekend with heavy precipitation. Pakistan partially stops mobile and internet services ahead of pro-Imran Khan protest ISLAMABAD (AP) — Pakistan has suspended mobile and internet services “in areas with security concerns” as supporters of imprisoned former premier Imran Khan gear up for a protest in the capital. The government and Interior Ministry made the announcement on X, which is banned in Pakistan. Sunday's protest is to demand Khan's release. He has been in prison for more than a year but remains popular. His supporters rely heavily on social media and messaging apps to coordinate with each other. Pakistan has already sealed off Islamabad and shut down major roads and highways connecting the city with Khan's power bases. Here's what to know about the new funding deal that countries agreed to at UN climate talks BAKU, Azerbaijan (AP) — In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change. But it’s a far-from-perfect arrangement, with many parties still unsatisfied but hopeful that the deal will be a step in the right direction. Japan holds Sado mines memorial despite South Korean boycott amid lingering historical tensions SADO, Japan (AP) — Japan has held a memorial ceremony near the Sado Island Gold Mines despite a last-minute boycott of the event by South Korea that highlighted tensions between the neighbors over the brutal wartime use of Korean laborers. South Korea’s absence at Sunday’s memorial, to which Seoul government officials and Korean victims’ families were invited, is a major setback in the rapidly improving ties between the countries. The Sado mines were listed in July as a UNESCO World Heritage Site after Japan moved past years of disputes with South Korea and reluctantly acknowledged the mines’ dark history. Chuck Woolery, smooth-talking game show host of 'Love Connection' and 'Scrabble,' dies at 83 NEW YORK (AP) — Chuck Woolery, the affable, smooth-talking game show host of “Wheel of Fortune,” “Love Connection” and “Scrabble” who later became a right-wing podcaster, skewering liberals and accusing the government of lying about COVID-19, has died. He was 83. Mark Young, Woolery’s podcast co-host and friend, said in an email early Sunday that Woolery died at his home in Texas with his wife, Kristen, present. Woolery, with his matinee idol looks, coiffed hair and ease with witty banter, was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978. He teamed up with Young for the podcast “Blunt Force Truth” and became a full supporter Donald Trump.
NJIT defeats Morehead State 78-69Timothy Liljegren was traded to San Jose because he didn't impress Craig Berube and have a spot on the team, and now we have a better idea why. When Toronto decided to send Timothy Liljegren to the San Jose Sharks earlier this season, it was mainly due to his inability to find a consistent roster spot, though he didn't do too much to impress head coach Craig Berube. Often a healthy scratch and eschewed in favor of other defensemen, Liljegren was traded to San Jose for a 3rd and 6th round pick and defenseman Matt Benning , who is currently with the Toronto Marlies. So far Liljegren has seemed to relish in his new home, as he's blocking a lot of shots and hitting more, but he's still not scoring, with only one goal and no assists, but is part of a struggling Sharks team he's still finding his footing. However, there could be more than just a lack of a roster spot for Liljegren, and it might have had to do with the fact they had much better shutdown defenders at their disposal. Toronto Maple Leafs ' Revamped Defense If Liljegren was hoping for a spot, he should have talked to his former GM before he went on a spending spree. In came Chris Tanev, Oliver Eman-Larsson, and Jani Hakanpaa to shore up the defense and they've certainly made an impact. Toronto is letting in the fourth least amount of goals this season with only 2.48, and while a lot of it has to do with their goaltending, the defense deserves just as much credit. Jake McCabe has started to emerge as a true shutdown defender beside Chris Tanev, Conor Timmins is quietly becoming one of Toronto's most dependable players, and OEL has looked ten years younger. Kudos to Brad Treliving for going out to get a clear need and not only fill any holes but create a brick wall out of nowhere. Tanev is on pace to shatter the single-season blocks record and is a huge reason why Toronto keeps themselves in games. With how good Toronto got with free agents coming in, and with other acquisitions coming in and proving themselves, the writing was on the wall for Liljegren. FAQ: Timothy Liljegren's True Reason For Being Traded Q1: Who did Timothy Liljegren get traded for? A1: Timothy Liljegren was traded to the San Jose for defenseman Matt Benning as well as a third and sixth round pick. Q2: Why did Timothy Liljegren get traded to San Jose? A2: Timothy Liljegren was traded to San Jose because Toronto added other free agents to play defense at a more elite rate than Liljegren, and other defenseman have emerged as better options for the Maple Leafs In closing, Timothy Liljegren really had no spot with the Maple Leafs due to their free agent signings and focus on a revamped defense, coupled with the fact their other stars picked things up, and Liljegren failed to impress. This article first appeared on Hockey Patrol and was syndicated with permission.
PC Wizard relocates, opens shop on Main StreetDomo ( NASDAQ:DOMO – Get Free Report ) and Xiao-I ( NASDAQ:AIXI – Get Free Report ) are both small-cap computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, valuation, analyst recommendations, risk, earnings, dividends and institutional ownership. Profitability This table compares Domo and Xiao-I’s net margins, return on equity and return on assets. Risk & Volatility Domo has a beta of 2.43, meaning that its share price is 143% more volatile than the S&P 500. Comparatively, Xiao-I has a beta of 3.38, meaning that its share price is 238% more volatile than the S&P 500. Insider and Institutional Ownership Valuation and Earnings This table compares Domo and Xiao-I”s top-line revenue, earnings per share (EPS) and valuation. Xiao-I has lower revenue, but higher earnings than Domo. Analyst Recommendations This is a breakdown of recent ratings and recommmendations for Domo and Xiao-I, as provided by MarketBeat. Domo currently has a consensus target price of $9.60, suggesting a potential upside of 1.59%. Given Domo’s stronger consensus rating and higher probable upside, analysts plainly believe Domo is more favorable than Xiao-I. Summary Domo beats Xiao-I on 7 of the 11 factors compared between the two stocks. About Domo ( Get Free Report ) Domo, Inc., together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones. The company was formerly known as Domo Technologies, Inc. and changed its name to Domo, Inc. in December 2011. Domo, Inc. was incorporated in 2010 and is headquartered in American Fork, Utah. About Xiao-I ( Get Free Report ) Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co., Ltd., provides software services in the People’s Republic of China. It offers conversational AI platform that uses deep learning, data enhancement, active learning technologies for dialog management, context processing mechanisms, and driven by a learning system; knowledge fusion platform which integrates Q&A, documents, multimedia, information forms, business processes, knowledge graphs, and multimodal; intelligence voice platform to enhance intelligent speech solutions, realizing the macro processes of intelligent IVP, intelligent outbound calls, speech analysis, agent assistance, and human-computer interaction; and hyperautomation platform that integrates technologies, such as OCR, NLP, and visualized data mining and analysis that enables users to realize business and process automation. The company also provides data intelligence platform which integrates data assets, manages the entire life cycle of data that realizes the entire cycles of data integration, processing, transformation, analysis, and mining; cloud platform that integrates NLP, speech recognition, image recognition, and data analysis capabilities; and intelligent construction support platform which offers parsing, reconstruction, visualization, and multi-dimensional analysis of construction drawings. In addition, it offers vision analysis platform that uses various computer vision-related technologies to apply OCR, detection, video, and image analysis; intelligent hardware support platform which provides the framework of signal collection, processing, analysis, prediction, and others; and metaverse platform that develops virtual digital human. It serves its products to large and medium-sized contact centers, financial institutions, communication operators, government services, industrial manufacturing, medical care, and others. The company was incorporated in 2018 and is based in Shanghai, China. Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter .
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COLLEGE PARK, Md. (AP) — Tafara Gapare scored 19 points, freshman Derik Queen had 15 points and eight rebounds and Maryland beat Bucknell 91-67 on Wednesday night. Maryland opened the game on a 15-2 run, extended it to 25-7 with 10:38 left and led 51-28 at the break. The Terrapins led by at least 16 points the entire second half, which included runs of 12-0 and 9-0. Gapare scored the 10 straight points during the second-half run. Gapare threw down a highlight dunk while being fouled with 2:08 remaining to give Maryland an 89-62 lead. He was called for a technical foul after stepping over Patrick O’Brien, who was attempting to take a charge. Jayden Williams made the two free throws for Bucknell and Gapare missed his free-throw attempt that would have tied his career high of 20 points. Maryland (6-1) has won 20 consecutive home games against unranked nonconference foes with its last loss coming on Dec. 1, 2021, against Virginia Tech in the ACC/Big Ten Challenge. Julian Reese added 14 points and Selton Miguel scored 13 for Maryland. Gapare, a Georgia Tech transfer, reached double-figure scoring as a Terp for the first time. The Terrapins shot 50% from the field with three 3-pointers apiece by Gapare and Miguel. Ruot Bijiek led Bucknell (4-4) with 20 points and Josh Bascoe added 10. The Bison turned it over 20 times leading to 22 Maryland points. Maryland stays at home to play Alcorn State on Sunday. Bucknell returns home to play Siena on Saturday. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballChief Executive Officer (CEO) of COMEX, Amar A. Babood during his recent visit to Pakistan, underscored the importance of strengthening the economic and cultural ties between Oman and Pakistan. In an interview with APP, Babood emphasized the shared history, culture, and potential that bind the two nations and also focussed on expanding trade, business interactions, and collaborative initiatives, “This is my first visit to Pakistan, and I’ve had the opportunity to visit both Karachi and Islamabad,” said Babood. “We are close neighbors, with just an hour’s distance from Karachi, and we share a deep connection in history, society, and culture. We have been following Pakistan’s developments closely, and now, we are looking to deepen our business and diplomatic relations.” COMEX, one of Oman’s leading organizations in the ICT sector, has long been eyeing Pakistan for its untapped market potential. The two countries, despite having a robust cultural connection, have seen relatively low trade volumes, which Babood believes is an area ripe for growth. “Oman and Pakistan have a lot to offer each other,” he added. “There is great potential, particularly in sectors like ICT, where Pakistan has impressive expertise. Oman’s Vision 2040 underscores the importance of working closely with global partners to unlock these opportunities, and we are eager to explore ways we can collaborate with Pakistan.” Oman is already working closely with the Pakistani Embassy in Muscat to facilitate business-to-business interactions, with a focus on expanding trade in key areas such as ICT, agriculture, and tourism. Babood also highlighted the ongoing GCC-Pakistan Free Trade Agreement negotiations, which are expected to create new avenues for bilateral trade and investment. “Oman is committed to fostering an environment of open trade and business. With the introduction of policies like 100% foreign ownership in certain sectors, we are positioning ourselves as an attractive destination for global investors,” Babood said. “In Pakistan, we see a unique opportunity to tap into a vast and growing market, especially with its strong agricultural and tourism sectors. We are also exploring joint ventures that will benefit both countries.” During his trip, Babood attended the IDEAS Expo 2024, where he interacted with Pakistani ministers for Energy, Science and Technology, as well as various entrepreneurs. The event provided valuable insights into new business trends, especially in sectors like AgriTech, which Babood sees as a key area for future cooperation. “Pakistan is making significant strides in AgriTech, and Oman can learn a great deal from these innovations,” he remarked. “Likewise, Oman’s tourism sector is evolving rapidly, with a growing emphasis on sustainable tourism and the protection of indigenous culture. There’s potential for collaboration in cultural tourism, which will benefit both our nations.” Oman is also increasingly focused on green energy, particularly solar power and green hydrogen, as part of its commitment to renewable energy. Babood mentioned that while Oman is a late developer in the renewable energy sector, it has made substantial progress in solar energy and is now prioritizing green hydrogen as a critical area of focus. “We believe that green hydrogen will play a major role in the future of energy, and Oman is keen to explore this sector further,” he explained. “Our investment tools are designed to make it easier for businesses to enter these emerging sectors, which will contribute to both national and regional sustainability goals.” Looking ahead, Babood reaffirmed Oman’s strategic role in fostering cooperation across the Gulf Cooperation Council (GCC) and beyond. He pointed out that Oman’s diplomatic ties with various nations, including Egypt and Qatar, allow it to play a vital role in resolving regional conflicts and fostering peace. “As a nation, Oman values its neutrality and diplomatic relations. We are proud to be a bridge between nations, fostering peace, stability, and prosperity in the region,” Babood concluded. “We look forward to continued cooperation with Pakistan, as we work together to realize the untapped potential in trade, business, and culture.” COMEX is a leading Omani company specializing in information and communication technology (ICT). With a focus on fostering innovation and digital transformation, COMEX is committed to building bridges between businesses and governments to drive economic growth and technological advancement in Oman and beyond.
Avalanche play the Lightning on 3-game win streakMT Democrats project confidence in Medicaid expansion passageEmpowered Funds LLC Acquires 487 Shares of Science Applications International Co. (NYSE:SAIC)
PRINCETON, N.J. (AP) — CJ Happy had 18 points in Princeton's 99-63 victory over Nazareth on Wednesday night. Happy had five rebounds for the Tigers (6-3). Peyton Seals scored 16 points while going 5 of 10 from the floor, including 3 for 6 from 3-point range, and 3 for 3 from the line and added five rebounds and five assists. Jack Stanton shot 4 for 5 from beyond the arc to finish with 12 points. Merritt Holly finished with 14 points for the Golden Flyers. Tyler Putney added 11 points for Nazareth. Jaylen Savage finished with 10 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Chase Bitcoin At All-Time Highs? Absolutely Yes
PRINCETON, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) ("Company”) today announced that it has entered into a binding agreement to acquire the operational Tuolumne Wind Project from Turlock Irrigation District. Tuolumne Wind Project is a 137 MW wind project located in Klickitat County, WA that achieved commercial operations in 2009. The project will sell power under a new PPA with Turlock Irrigation District, an investment-grade regulated entity, with an initial contract term of 15 years to 2040. In conjunction with the acquisition, the Company also has received from Turlock Irrigation District a contractual extension option to enable a potential future repowering of the project. After factoring in estimated closing adjustments and new non-recourse project-level debt, the Company expects its total long-term corporate capital commitment to acquire the project to be approximately $70-75 million, which the Company expects to fund with existing sources of liquidity. Based on current expected terms and conditions of the new non-recourse financing, the acquisition is expected to provide incremental annual levered asset CAFD on a five-year average basis of approximately $9 million beginning January 1, 2026. The Company expects the transaction to close in the first quarter of 2025, after which its targeted contribution to fiscal year 2025 results will be communicated. "Clearway continues its successful track record of executing accretive, third-party acquisitions. We look forward to providing clean, reliable electricity to Turlock Irrigation District and its customers for years to come. Additionally, this transaction, along with other recent investments, underscores Clearway's expanding presence in Western states alongside our historical core in California, contributing further to our strong incumbency in these attractive markets for clean power,” said Craig Cornelius, Clearway Energy, Inc.'s President and Chief Executive Officer. "We are also pleased to note that this acquisition is the next step in our path to meeting our long-term financial objectives, including our goal to deliver the midpoint or better of $2.40 to $2.60 in CAFD per share in 2027.” About Clearway Energy, Inc. Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the US and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 11.7 GW of gross capacity in 26 states, including 9 GW of wind, solar, and battery energy storage and over 2.7 GW of conventional dispatchable power capacity providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide our investors with stable and growing dividend income. Clearway Energy, Inc.'s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by our controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.com. Safe Harbor Disclosure This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as "expect,” "estimate,” "target," "anticipate,” "forecast,” "plan,” "outlook,” "believe” and similar terms. Such forward-looking statements include, but are not limited to, statements regarding, Clearway Energy, Inc.'s (the "Company's”) dividend expectations and its operations, its facilities and its financial results, statements regarding the likelihood, terms, timing and/or consummation of the transactions described above, the potential benefits, opportunities, and results with respect to the transactions, including the Company's future relationship and arrangements with Global Infrastructure Partners, TotalEnergies, and Clearway Energy Group (collectively and together with their affiliates, "Related Persons”), as well as the Company's Net Income, Adjusted EBITDA, Cash from Operating Activities, Cash Available for Distribution, the Company's future revenues, income, indebtedness, capital structure, strategy, plans, expectations, objectives, projected financial performance and/or business results and other future events, and views of economic and market conditions. Although the Company believes that the expectations are reasonable at this time, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, the Company's ability to maintain and grow its quarterly dividend, impacts related to COVID-19 (including any variant of the virus) or any other pandemic, risks relating to the Company's relationships with its sponsors, the failure to identify, execute or successfully implement acquisitions or dispositions (including receipt of third party consents and regulatory approvals), risks related to hazards customary in the power industry, weather conditions, including wind and solar performance, the Company's ability to operate its businesses efficiently, manage maintenance capital expenditures and costs effectively, and generate earnings and cash flows from its asset-based businesses in relation to its debt and other obligations, the willingness and ability of counterparties to the Company's offtake agreements to fulfill their obligations under such agreements, the Company's ability to enter into new contracts as existing contracts expire, changes in government regulations, operating and financial restrictions placed on the Company that are contained in the project-level debt facilities and other agreements of the Company and its subsidiaries, and cyber terrorism and inadequate cybersecurity. Furthermore, any dividends are subject to available capital, market conditions, and compliance with associated laws and regulations. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Cash Available for Distribution are estimates as of today's date and are based on assumptions believed to be reasonable as of this date. The Company expressly disclaims any current intention to update such guidance. The foregoing review of factors that could cause the Company's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect the Company's future results included in the Company's filings with the Securities and Exchange Commission at www.sec.gov. In addition, the Company makes available free of charge at www.clearwayenergy.com, copies of materials it files with, or furnishes to, the Securities and Exchange Commission. Contacts: Appendix Table A-1: Adjusted EBITDA and Cash Available for Distribution Reconciliation The following table summarizes the calculation of Estimated Cash Available for Distribution and provides a reconciliation to Net Income/(Loss): Non-GAAP Financial Information EBITDA and Adjusted EBITDA EBITDA, Adjusted EBITDA, and Cash Available for Distribution (CAFD) are non-GAAP financial measures. These measurements are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance. The presentation of non-GAAP financial measures should not be construed as an inference that Clearway Energy's future results will be unaffected by unusual or non-recurring items. EBITDA represents net income before interest (including loss on debt extinguishment), taxes, depreciation and amortization. EBITDA is presented because Clearway Energy considers it an important supplemental measure of its performance and believes debt and equity holders frequently use EBITDA to analyze operating performance and debt service capacity. EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: Adjusted EBITDA is presented as a further supplemental measure of operating performance. Adjusted EBITDA represents EBITDA adjusted for mark-to-market gains or losses, non-cash equity compensation expense, asset write offs and impairments; and factors which we do not consider indicative of future operating performance such as transition and integration related costs. The reader is encouraged to evaluate each adjustment and the reasons Clearway Energy considers it appropriate for supplemental analysis. As an analytical tool, Adjusted EBITDA is subject to all of the limitations applicable to EBITDA. In addition, in evaluating Adjusted EBITDA, the reader should be aware that in the future Clearway Energy may incur expenses similar to the adjustments in this news release. Management believes Adjusted EBITDA is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to compare business performance across companies and across periods. This measure is widely used by investors to measure a company's operating performance without regard to items such as interest expense, taxes, depreciation and amortization, which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired. Additionally, Management believes that investors commonly adjust EBITDA information to eliminate the effect of restructuring and other expenses, which vary widely from company to company and impair comparability. As we define it, Adjusted EBITDA represents EBITDA adjusted for the effects of impairment losses, gains or losses on sales, non-cash equity compensation expense, dispositions or retirements of assets, any mark-to-market gains or losses from accounting for derivatives, adjustments to exclude gains or losses on the repurchase, modification or extinguishment of debt, and any extraordinary, unusual or non-recurring items plus adjustments to reflect the Adjusted EBITDA from our unconsolidated investments. We adjust for these items in our Adjusted EBITDA as our management believes that these items would distort their ability to efficiently view and assess our core operating trends. In summary, our management uses Adjusted EBITDA as a measure of operating performance to assist in comparing performance from period to period on a consistent basis and to readily view operating trends, as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations, and in communications with our Board of Directors, shareholders, creditors, analysts and investors concerning our financial performance. Cash Available for Distribution A non-GAAP measure, Cash Available for Distribution is defined as of September 30, 2024 as Adjusted EBITDA plus cash distributions/return of investment from unconsolidated affiliates, cash receipts from notes receivable, cash distributions from noncontrolling interests, adjustments to reflect sales-type lease cash payments and payments for lease expenses, less cash distributions to noncontrolling interests, maintenance capital expenditures, pro-rata Adjusted EBITDA from unconsolidated affiliates, cash interest paid, income taxes paid, principal amortization of indebtedness, changes in prepaid and accrued capacity payments, and adjusted for development expenses. Management believes CAFD is a relevant supplemental measure of the Company's ability to earn and distribute cash returns to investors. We believe CAFD is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of our ability to make quarterly distributions. In addition, CAFD is used by our management team for determining future acquisitions and managing our growth. The GAAP measure most directly comparable to CAFD is cash provided by operating activities. However, CAFD has limitations as an analytical tool because it does not include changes in operating assets and liabilities and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results from operations. CAFD is a non-GAAP measure and should not be considered an alternative to cash provided by operating activities or any other performance or liquidity measure determined in accordance with GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of CAFD are not necessarily comparable to CAFD as calculated by other companies. Investors should not rely on these measures as a substitute for any GAAP measure, including cash provided by operating activities.$15m maritime hub opens to boost Pacific Blue Economy(The Center Square) - California Gov. Gavin Newsom said if President-elect Donald Trump ends the $7,500 electric vehicle rebate program, he’ll get Californians to pay for new credits. However, the credits would not include Tesla, which is the most popular EV company and the only EV manufacturer in the state. This comes weeks after Newsom and his administration passed new refinery and carbon credit regulations that will add up to $1.15 per gallon of gasoline and require Californians with gasoline-powered cars to earn up to another $1,000 per year in pretax income to afford. “We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California,” said Newsom in a statement. Tesla CEO Elon Musk, whose rocket launches were recently blocked by a California regulatory board that cited his personal politics, shared his disapproval on his social media platform, X, after Newsom staff told Bloomberg that Tesla models would not qualify for California rebates. “Even though Tesla is the only company who manufactures their EVs in California,” said Musk. “This is insane.” Musk recently moved SpaceX and X out of California, citing a new law signed by Newsom banning parental notification for gender change requests from K-12 students. The credits would be paid for through California’s cap-and-trade program, which requires carbon emitters to purchase credits from the state — costs which are generally passed on to consumers in the form of more expensive gasoline, energy, and even concrete. Emitters buy a few billion dollars worth of credits from California each year, with the state’s $135 billion high speed rail project getting the lion’s share of the revenue. The California Resources Board — all but two of whose voting members are appointed by the governor — recently approved $105 billion in EV charging credits and $8 billion in hydrogen charging credits to be largely paid for by drivers of gas cars and diesel trucks. An investigation by The Center Square found the change was pushed by EV makers and the builders of EV charging systems. Buyers of EV chargers, who pay for the energy and own the charger, sign installation contracts that permanently give away their rights to government or other EV charging credits generated from fueling a vehicle with electrons instead of gasoline. These chargers are often bundled with the purchase of an EV, or covered entirely by utility or government rebates, meaning they are permanent, zero-or-low-cost revenue streams for the company collecting the credits.
Sacramento State knocks off Air Force 63-61
Colorado Avalanche (12-9, in the Central Division) vs. Tampa Bay Lightning (10-7-2, in the Atlantic Division) Tampa, Florida; Monday, 7 p.m. EST BOTTOM LINE: The Colorado Avalanche are looking to extend a three-game win streak with a victory against the Tampa Bay Lightning. Tampa Bay has a 10-7-2 record overall and a 6-2-1 record in home games. The Lightning have scored 68 total goals (3.6 per game) to rank 10th in NHL play. Colorado is 12-9 overall and 6-3-0 on the road. The Avalanche have an 8-5-0 record in games they have fewer penalties than their opponent. The teams play Monday for the second time this season. The Lightning won 5-2 in the previous matchup. Anthony Cirelli led the Lightning with two goals. TOP PERFORMERS: Nikita Kucherov has 11 goals and 17 assists for the Lightning. Emil Martinsen Lilleberg has scored goals over the past 10 games. Nathan MacKinnon has scored seven goals with 28 assists for the Avalanche. Sam Malinski has over the last 10 games. LAST 10 GAMES: Lightning: 4-4-2, averaging 3.4 goals, six assists, 3.4 penalties and 9.3 penalty minutes while giving up 2.8 goals per game. Avalanche: 7-3-0, averaging 3.5 goals, 6.2 assists, 2.9 penalties and 5.8 penalty minutes while giving up 2.6 goals per game. INJURIES: Lightning: None listed. Avalanche: None listed. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .