A warm front moving in Sunday will bring back the rain to Southeast TX.
A warm front moving in Sunday will bring back the rain to Southeast TX.
(Bloomberg) -- Treasury Secretary Janet Yellen dismissed fears that President Joe Biden’s $1.9 trillion pandemic-relief bill is so big that it will cause an inflation problem.“I really don’t think that’s going to happen,” Yellen said in an interview with MSNBC Monday, when asked about concerns that consumer-price pressures could surge as a result of deploying the stimulus despite the economy already gathering pace. Inflation before the pandemic “was too low rather than too high,” she noted.House Speaker Nancy Pelosi predicted her chamber would approve the stimulus package on Tuesday, following Saturday’s passage in the Senate. Treasury yields have soared over the past month as investors built into their outlook a faster trajectory for economic growth and prices in the wake of the bigger-than-expected spending bill.The Treasury chief, a former head of the Federal Reserve, reiterated that policy makers are equipped to address any challenge with price gains, should that emerge.“If it turns out to be inflationary, there are tools to deal with that,” Yellen said.She also reiterated her expectation for the relief plan to return the U.S. to “full employment” next year. Payrolls remain down by more than 9 million compared with the peak before Covid-19 struck.Yellen said the legislation provides hundreds of millions of Americans the “help they need” to cope with the pandemic.Once the bill is passed, the agenda will turn to address underlying problems in the economy that have contributed to inequality, Yellen said.(Updates with context on inflation debate starting in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Lysol kills 99.9 percent of germs and bacteria on household surfaces—score disinfectant spray, multi-surface cleaner and more.
The "Global Dental Impression Systems Market by Product (Impression Material, Intraoral Scanners, Trays), Application (Restorative & Prosthodontics Dentistry, Orthodontics), End-user (Hospitals, Dental Laboratories, Forensic Laboratories) and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
"I wanted to create a better way to secure and protect valuable items stored in a vehicle's glovebox," said an inventor, from N. Charleston, S.C., "so I invented the UNIQUE LOCK. My design offers an improved alternative to the traditional flimsy key lock on a glovebox door."
Intertek has expanded its building and construction services to the Caribbean with a new facility in Puerto Rico.
From moms balancing work and childcare to female frontline workers, women have been helping us survive the pandemic – but the juggling comes at a cost.
(Bloomberg) -- Elon Musk is getting into the Texas power market, with previously unrevealed construction of a gigantic battery connected to an ailing electric grid that nearly collapsed last month. The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.A Tesla subsidiary registered as Gambit Energy Storage LLC is quietly building a more than 100 megawatt energy storage project in Angleton, Texas, a town roughly 40 miles south of Houston. A battery that size could power about 20,000 homes on a hot summer day. Workers at the site kept equipment under cover and discouraged onlookers, but a Tesla logo could be seen on a worker’s hard hat and public documents helped confirm the company’s role.Property records on file with Brazoria County show Gambit shares the same address as a Tesla facility near the company’s auto plant in Fremont, California. A filing with the U.S. Securities and Exchange Commission lists Gambit as a Tesla subsidiary. Executives from Tesla did not respond to multiple requests for comment.Shares of Tesla rose 1.1% Monday to $604.41 as of 10:11 a.m. in New York. The stock is down about 14% this year, following four days of declines at the end of last week.As winter storms pummeled Texas in February and left millions without power for days, Musk took to Twitter to mock the Electric Reliability Council of Texas, or Ercot, the nonprofit group that manages the flow of electric power to more than 26 million customers. “Not earning that R,” he wrote. Musk, 49, recently moved to Texas and his various companies are expanding operations in the state.The battery-storage system being built by Tesla’s Gambit subsidiary is registered with Ercot. Warren Lasher, senior director of system planning at Ercot, said the project has a proposed commercial operation date of June 1. The site is adjacent to a Texas-New Mexico Power substation.While Tesla is known for its sleek, battery-powered electric vehicles, it’s always been more than a car company: its official mission is to “accelerate the world’s transition to sustainable energy.” Utility-scale batteries are needed to store the electricity produced by wind and solar, but they can also become lucrative opportunities. By storing excess electricity when prices and demand are low, battery owners can sell it back to the grid when prices are high. Read More: How America’s Rich Can Escape From an Unreliable Power GridTesla has spent years expanding into residential energy technology. Back in March 2015, Musk unveiled a home battery product, dubbed the Powerwall, with a splashy event at its design studio near Los Angeles. Scores of utility and energy executives attended. A year later Tesla acquired SolarCity, the solar-panel installer founded by Musk and his cousins. Musk then hawked a “solar roof” that has gone through several iterations without becoming a strong contender in the market.But the company’s product lineup already reaches beyond the home and into the electrical grid. The Tesla Powerpack and even larger Megapack were designed with utility customers in mind. Tesla’s battery project in South Australia, launched in 2017, is adjacent to a wind farm and can store surplus electricity generated on gusty nights for daytime demand. At 100 megawatts, it was the largest battery project in the world at its launch.While Tesla’s focus on energy often takes a back seat to the increasingly competitive business of manufacturing and selling electric cars, Musk and his executive team continue to highlight energy as a key part of their growth. “I think long-term Tesla Energy will be roughly the same size as Tesla Automotive,” Musk said during an earnings call in July 2020. “The energy business is collectively bigger than the automotive business.”Tesla’s battery packs are connected to Southern California Edison’s Mira Loma substation, located east of Los Angeles. The 20 megawatt system, which has been online since December 2016, supports grid operation during peak hours and helps the utility make the most of its renewable resources. In the San Francisco Bay Area, PG&E Corp. and Tesla are constructing a 182.5 megawatt system at an electric substation in Moss Landing that should be operational by August.Tesla Energy could represent up to 30% of the company’s total revenue by the 2030s, up from roughly 6% today, according to analyst Alexander Potter of Piper Sandler. His research has highlighted the potential for Autobidder, a software platform Tesla designed for utilities. Tesla Chief Financial Officer Zachary Kirkhorn has described Autobidder as an “autonomous energy market participation system that does high-frequency trading.” Potter has a $1,200 price target on Tesla stock, the highest on Wall Street.“Tesla’s energy storage business on a percentage basis is growing faster than their car business, and it’s only going to accelerate,” said Daniel Finn-Foley, head of energy storage at Wood MacKenzie Power and Renewables. “They are absolutely respected as a player, and they are competing aggressively on price.”Musk’s empire has numerous branches in Texas, and with the billionaire’s recent relocation from California, the Lone Star state now appears set to become the center of his universe. Space Exploration Technologies Corp., or SpaceX, is building and testing Starship, a new rocket and spacecraft designed to take humans to Mars, at a facility in Boca Chica on the southern tip of the Gulf Coast. Another rocket-testing facility is located in McGregor, near Waco. Musk posted a family photo to Twitter on Monday, with the caption “Starbase, Texas.”SpaceX has posted engineering positions in Austin for a “new, state of the art manufacturing facility” for Starlink, a space-based high speed Internet service. Tesla is also building a new factory in East Austin for its forthcoming Cybertruck, an electric pickup. Gigafactory Texas, as the facility is known, will create 5,000 mid-level manufacturing jobs and is supposed to produce the first vehicles by the end of this year.Musk’s focus on Texas comes as the dominant U.S. energy hub—with its abundant natural gas, oil, solar and wind resources—is being transformed by the surging growth of renewables. For more than a century the Texas grid has transported power from large plants to customers over miles of transmission lines. The recent storms have highlighted just how fragile that legacy system is in the era of climate change. With the build out of giant batteries like those made by Tesla’s Gambit project and others, the state’s power grid could be remade around distributed generation that may prove more resilient.About 2,100 megawatts of battery storage and 37,000 megawatts of solar and wind are in advanced stages of connecting to Ercot’s grid. “It’s not only stunning but the financing is already in place,” Jigar Shah said on March 2, a day before the clean-energy pioneer was named as director of the U.S. Energy Department’s loan finance office.The Gambit project was originally developed by San Francisco-based Plus Power, a privately held renewables company that has battery operations in several states. Scott Albert, the former city manager of Angleton, said it was obvious that Plus Power was working with Tesla. A project summary available on the city’s website features images of Tesla’s utility-scale battery products, and some of Plus Power’s principal staffers previously worked at Tesla. (Plus Power confirmed its sale of the project to an undisclosed party and declined further comment.)The Gambit project is not hard to find in Angleton, a small town of roughly 3,000 people in the middle of the Brazoria National Wildlife Refuge. But people on the construction site appear to have instructions to avoid drawing attention or answering questions from passersby. A photographer who attempted to observe from the front gate was told by a worker that it was a “secretive project.” White sheets obscured what appeared to be Tesla’s modular Megapacks.In Texas, Albert said, it’s common for developers in real estate or energy to begin projects with several potential partners or purchasers waiting in the wings. It made sense to him that the project ended up with the state’s biggest billionaire. “Elon Musk has a lot of activity in Texas right now,” said Albert. “It wouldn’t surprise me if Musk is thinking about starting his own power company.”READ NEXT: After Texas Crisis, Biden’s Climate Plan Hangs on Fragile Power Grid (Updates Tesla’s share price in the fourth paragraph and adds Elon Musk’s family photo in the 14th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
EXCLUSIVE: The Time 100 Women of the Year initiative is getting a scripted anthology series treatment. Amazon Studios is developing Women Of the Year, a TV adaptation of the Time 100 Women of the Year project and special issue, conceived by filmmaker Alma Har’el, which launched for International Women’s Day 2020 to recognize the contributions […]
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:G4S PlcGB00B01FLG621b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: Increase in total number of voting rights 3. Details of person subject to the notification obligationivNameUBS Investment BankUBS Group AGCity and country of registered office (if applicable)ZürichSwitzerland4. Full name of shareholder(s) (if different from 3.)vNameUBS AG London BranchCity and country of registered office (if applicable)London, United Kingdom5. Date on which the threshold was crossed or reachedvi:4 March 20216. Date on which issuer notified (DD/MM/YYYY):8 March 20217. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights of issuerviiResulting situation on the date on which threshold was crossed or reached5.31%0.40%5.72%1’551’594’436Position of previous notification (if applicable)6.88%-6.88% 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviiiA: Voting rights attached to sharesClass/type of sharesISIN code (if possible)Number of voting rightsix% of voting rightsDirect(Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect(Art 10 of Directive 2004/109/EC) (DTR5.2.1)Direct(Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect(Art 10 of Directive 2004/109/EC) (DTR5.2.1)GB00B01FLG62 82’457’348 5.31% SUBTOTAL 8. A82’457’3485.31% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR126.96.36.199 (a))Type of financial instrumentExpiration datexExercise/ Conversion PeriodxiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rights SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR188.8.131.52 (b))Type of financial instrumentExpiration datexExercise/ Conversion Period xiPhysical or cash settlementxiiNumber of voting rights % of voting rightsSwaps on Baskets01/01/2031 Cash6’250’0000.40% SUBTOTAL 8.B.26’250’0000.40% 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)XNamexv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable thresholdUBS Group AG UBS AG UBS AG London Branch5.31%-5.72% 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional informationxvi Place of completionOpfikon, SwitzerlandDate of completion08.03.2021
Starmer said 'there’s an injustice here that needs to be addressed' but then added: 'Nobody wants a strike.'
Hess today announced a new addition to its Hess Toy Truck collection -- the second in its plush toy truck series designed especially for its youngest fans. My Plush Hess Truck: 2021 Cement Mixer is now on sale exclusively at HessToyTruck.com for $29.99 with free standard shipping and Energizer® batteries included.
WILMINGTON, Del., March 08, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating Sustainable Opportunities Acquisition Corp. (“SOAC”) (NYSE: SOAC) regarding possible breaches of fiduciary duties and other violations of law related to SOAC’s agreement to merge with DeepGreen Metals Inc. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-sustainable-opportunities-acquisition-corp. You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or firstname.lastname@example.org. Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide. Attorney advertising. Prior results do not guarantee a similar outcome. CONTACT: Rigrodsky Law, P.A.Seth D. RigrodskyGina M. Serra(888) 969-4242 (Toll Free)(302) 295-5310Fax: (302) email@example.com https://rl-legal.com
General Electric (NYSE: GE) is in advanced talks to merge its aircraft-leasing business with AerCap Holdings (NYSE: AER), as first reported by WSJ. Why it matters: This would create the world's largest jet-leasing business, valued north of $30 billion, which is certain to invite antitrust scrutiny. It also further streamlines GE, which has been shedding ancillary businesses since Larry Culp took over as CEO in 2018.Get market news worthy of your time with Axios Markets. Subscribe for free.Bottom line: "The pandemic has hammered the aviation industry and pushed airlines around the world to cancel new jetliner orders, push back delivery dates and defer lease payments. As middlemen, aircraft leasing firms have suffered too, while also playing a critical financing role to keep deliveries flowing, often with sale-leaseback deals that hand cash to airlines with jet handovers." — BloombergMore from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free
Mayor Bill de Blasio announced on Monday that New York City's 488 public high schools will reopen for some in-person classes on March 22, after months of distance learning.Why it matters: It's a key pandemic milestone for the biggest public school system in the country, which is made up largely of low-income and minority students, according to the New York Times.Get market news worthy of your time with Axios Markets. Subscribe for free.The state of play: New York City reopened its public schools for the first time in the fall, but switched to fully remote learning in November after the city's COVID-19 positivity rate surged.Elementary schools partially reopened in December and middle schools in February. Officials focused on younger students first because online learning is often more difficult for them. About half of the city's 488 public high schools will now offer full-time instruction for the majority of their students, while the other half of schools will have hybrid instruction. The city will also reinstate high school sports for all students — with face masks required at all times. Between the lines: Students who opted-in to remote learning last fall will be allowed to remain home. Only 55,000 out of the city's 282,000 high school students are expected to return to in-person learning this month, per the New York Times. Like this article? Get more from Axios and subscribe to Axios Markets for free.
Christian Dior gave Little Red Riding an edgy makeover for its latest collection on Monday, as it filled the runway with hooded capes and recreated a moonlit scene under the glinting chandeliers of the Versailles palace's Hall of Mirrors. With restrictions on travel and gatherings due to the COVID-19 pandemic, LVMH-owned Dior skipped its traditional catwalk show for an online version filmed in the chateau outside Paris and called "Disturbing Beauty". In Dior's dark fairy tale, which featured black leather dresses with puff sleeves, princess-style tulle gowns and velvet coats among the winter styles, gone are the damsels in distress waiting to be rescued.
GameStop took a step toward a more digital future Monday, naming an activist investor to lead company efforts to push more of its business online. The stock, which has become the focus of federal regulators after online traders challenged more institutional investors and sent shares gyrating wildly, jumped 12% in early trading. Ryan Cohen, the co-founder of the online pet supply company Chewy, will chair the company's new Strategic Planning and Capital Allocation Committee.
Duke’s Matthew Hurt makes first team after leading the league in scoring
The Dow Jones Industrial Average rallied Monday, as Treasury yields climbed again. The Senate approved the $1.9 trillion Biden stimulus. Tesla stock reversed.
Ocugen has set record highs this month on news regarding COVID-19 vaccine Covaxin. Is it too late to get in on the stock?
Financial services company Square (NYSE: SQ) announced on March 4 that it had acquired a majority stake in Tidal for $297 million. If you didn't know already, Tidal is a music streaming service founded by music mogul Jay-Z and other artists to bring high-quality and exclusive content to the digital age. The service never really caught fire, but management hopes that can change under the Square umbrella.