LOS ANGELES (AP) — The Biden administration plans on reducing part of Intel's $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military. President announced the agreement to provide with up to $8.5 billion in direct funding and $11 billion in loans in March. The changes to Intel’s funding are not related to the company’s financial record or milestones, the people familiar with the grant told The Associated Press. In August, the chipmaker announced that it would cut 15% of its workforce — about 15,000 jobs — in an attempt to turn its business around to compete with more successful rivals like Nvidia and AMD. Unlike some of its rivals, Intel manufactures chips in addition to designing them. Two years ago, President Biden hailed Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year. The California-based tech giant's funding is tied to that President has celebrated and which is designed to revive U.S. semiconductor manufacturing. Known as the , the $280 billion package is aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when stalled factory assembly lines and . The Biden administration helped shepherd the legislation following pandemic-era concerns that the loss of access to chips made in Asia could plunge the U.S. economy into recession. When pushing for the investment, lawmakers expressed concern about efforts by China to control Taiwan, which accounts for of advanced computer chip production. In August, the administration pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant could expand the facilities it is and better ensure that the most advanced microchips are produced domestically for the first time. The Commerce Department said the funding for meant the company could expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub. The administration has promised to support foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. Boak reported from Washington.
A’Ibom Workers Honour Eno For Contributions In Aviation Sector
OMAHA, Neb. (AP) — Creighton point guard Steven Ashworth likely won't play Tuesday in the No. 21 Bluejays' game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday, and coach Greg McDermott said he didn't know how long he would be out. “He stepped on a guy's foot on a 3-point shot and you're defenseless in that situation," McDermott said after the game. "He torqued it pretty good.” An athletic department spokesman said Monday that Ashworth's status was doubtful for the game against the Aztecs. Story continues below video Ashworth is Creighton's second-leading scorer with 16 points per game and leads the team with 6.4 assists per game. He also is 23 of 23 on free throws. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP collegebasketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballNEW YORK (AP) — The man charged with killing UnitedHealthcare CEO Brian Thompson was not a client of the medical insurer and may have targeted it because of its size and influence, a senior police official said Thursday. NYPD Chief of Detectives Joseph Kenny told NBC New York in an interview Thursday that investigators have uncovered evidence that Luigi Mangione had prior knowledge UnitedHealthcare was holding its annual investor conference in New York City. Mangione also mentioned the company in a note found in his possession when he was detained by police in Pennsylvania. “We have no indication that he was ever a client of United Healthcare, but he does make mention that it is the fifth largest corporation in America, which would make it the largest healthcare organization in America. So that’s possibly why he targeted that company,” said Kenny. UnitedHealthcare is in the top 20 largest U.S. companies by market capitalization but is not the fifth largest. It is the largest U.S. health insurer. Mangione remains jailed without bail in Pennsylvania, where he was arrested Monday after being spotted at a McDonald's in the city of Altoona, about 230 miles (about 370 kilometers) west of New York City. His lawyer there, Thomas Dickey, has said Mangione intends to plead not guilty. Dickey also said he has yet to see evidence decisively linking his client to the crime. Mangione's arrest came five days after the caught-on-camera killing of Thompson outside a Manhattan hotel. Police say the shooter waited outside the hotel, where the health insurer was holding its investor conference, early on the morning of Dec. 4. He approached Thompson from behind and shot him before fleeing on a bicycle through Central Park. Mangione is fighting attempts to extradite him back to New York so that he can face a murder charge in Thompson's killing. A hearing has been scheduled for Dec. 30. The 26-year-old, who police say was found with a “ ghost gun ” matching shell casings found at the site of the shooting, is charged in Pennsylvania with possession of an unlicensed firearm, forgery and providing false identification to police. Mangione is an Ivy League graduate from a prominent Maryland real estate family. In posts on social media, Mangione wrote about experiencing severe chronic back pain before undergoing a spinal fusion surgery in 2023. Afterward, he posted that the operation had been a success and that his pain had improved and mobility returned. He urged others to consider the same type of surgery. On Wednesday, police said investigators are looking at his writings about his health problems and his criticism of corporate America and the U.S. health care system . Kenny said in the NBC interview that Mangione's family reported him missing to San Francisco authorities in November.
The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans in March. The changes to Intel’s funding are not related to the company’s financial record or milestones, the people familiar with the grant told The Associated Press. In August, the chipmaker announced that it would cut 15% of its workforce — about 15,000 jobs — in an attempt to turn its business around to compete with more successful rivals like Nvidia and AMD. Unlike some of its rivals, Intel manufactures chips in addition to designing them. Two years ago, President Biden hailed Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year. The California-based tech giant's funding is tied to a sweeping 2022 law that President Biden has celebrated and which is designed to revive U.S. semiconductor manufacturing. Known as the CHIPS and Science Act , the $280 billion package is aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when a shortage of chips stalled factory assembly lines and fueled inflation . The Biden administration helped shepherd the legislation following pandemic-era concerns that the loss of access to chips made in Asia could plunge the U.S. economy into recession. When pushing for the investment, lawmakers expressed concern about efforts by China to control Taiwan, which accounts for more than 90% of advanced computer chip production. In August, the administration pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant could expand the facilities it is already building in Arizona and better ensure that the most advanced microchips are produced domestically for the first time. The Commerce Department said the funding for Taiwan Semiconductor Manufacturing Co. meant the company could expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub. The administration has promised tens of billions of dollars to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. Boak reported from Washington.Liberty the emu's adventure with liberation continues, except now, according to its owner, "He's in emu jail." The critter jokingly named after the Liberty Mutual insurance pitchbird slipped out of its pen at an exotic animals ranch on South Nogales Highway overnight Thursday. The next day gawkers photographed Liberty blocking traffic on the highway and peeking into a car window, near Aerospace Parkway and the entrances to a couple of big Tucson employers including Raytheon. The emu became a bit of a social media sensation here. Just moseying down the highway, as an emu will, on a crisp Tucson morning. Its owner, Tattoo Tattoo (that's his legal name "and the name on my driver's license," he says), had been driving all around the region Friday looking for him, but Liberty was elusive. Liberty the emu with its owner, Tattoo Tattoo, in happier times. Tattoo says he's now heard that Liberty got shooed off the highway and took off onto Tohono O'odham reservation land near Desert Diamond Casino on Valencia Road. From there, Tohono O'odham police reportedly caught him and took him to a tribal animal sanctuary. Tattoo thinks Liberty has been transferred to Arizona Game & Fish, where he hopes to pick him up Monday morning in his truck and trailer. He guesses Liberty was about 2.5 miles from home when caught. "They just wander around like Eeyore all slow and depressed," he affectionately joked. Watch an emu race through the Brookfield Zoo near Chicago, Illinois. Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Get local news delivered to your inbox! Subscribe to our Daily Headlines newsletter.Whales with a lot of money to spend have taken a noticeably bearish stance on Novo Nordisk . Looking at options history for Novo Nordisk NVO we detected 25 trades. If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 48% with bearish. From the overall spotted trades, 11 are puts, for a total amount of $1,872,600 and 14, calls, for a total amount of $3,590,645. Projected Price Targets Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $145.0 for Novo Nordisk during the past quarter. Volume & Open Interest Trends Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Novo Nordisk's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Novo Nordisk's substantial trades, within a strike price spectrum from $65.0 to $145.0 over the preceding 30 days. Novo Nordisk Option Activity Analysis: Last 30 Days Largest Options Trades Observed: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume NVO CALL TRADE BULLISH 12/20/24 $7.8 $7.6 $7.8 $102.00 $1.3M 270 1.7K NVO PUT TRADE BEARISH 01/17/25 $5.2 $4.9 $5.2 $100.00 $780.0K 4.6K 2.0K NVO CALL SWEEP BULLISH 01/17/25 $3.85 $3.65 $3.84 $115.00 $686.9K 2.9K 1.9K NVO CALL TRADE BEARISH 06/20/25 $13.45 $13.1 $13.15 $105.00 $636.4K 1.1K 984 NVO PUT SWEEP BEARISH 01/17/25 $5.25 $5.15 $5.15 $100.00 $257.5K 4.6K 500 About Novo Nordisk With roughly one third of the global branded diabetes treatment market, Novo Nordisk is the leading provider of diabetes-care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments such as GLP-1 therapy, oral antidiabetic agents, and obesity treatments. Novo also has a biopharmaceutical segment (constituting roughly 10% of revenue) that specializes in protein therapies for hemophilia and other disorders. Where Is Novo Nordisk Standing Right Now? With a volume of 4,857,497, the price of NVO is up 2.5% at $105.2. RSI indicators hint that the underlying stock is currently neutral between overbought and oversold. Next earnings are expected to be released in 68 days. What Analysts Are Saying About Novo Nordisk 1 market experts have recently issued ratings for this stock, with a consensus target price of $160.0. Turn $1000 into $1270 in just 20 days? 20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access .* In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $160. Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. If you want to stay updated on the latest options trades for Novo Nordisk, Benzinga Pro gives you real-time options trades alerts. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Donald Trump’s election interference and classified documents cases dismissedProject $1M: End Of A Journey With Mission Accomplished
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A British woman has become the fifth foreigner to die after a suspected methanol poisoning in Laos, as Australian Holly Bowles fights for life in a Bangkok hospital. or signup to continue reading Simone White, 28, a lawyer from southeast London, has been identified by British media as among the tourists who died after consuming drinks suspected to have been laced with methanol. "We are supporting the family of a British woman who has died in Laos, and we are in contact with the local authorities," Britain's foreign ministry said in a statement. An Australian, two Danes and an American have also died in the apparent mass poisoning in Vang Vieng, a popular tourist town in the landlocked Southeast Asian nation. Melbourne teenager Bianca Jones, 19, was confirmed to have died by her family on Thursday, sparking a wave of emotional tributes from loved ones and political leaders. Her friend Holly Bowles, also 19, continues to fight for her life in a different Bangkok hospital. The pair, from Beaumaris in Melbourne's southeast, had been holidaying in Laos when they became ill along with a dozen other tourists in Vang Vieng last week. They had planned to stay at the Nana Backpacker Hostel in Vang Vieng and drank at the venue before reportedly going to Jaidee Bar on November 11. Ms Jones and Ms Bowles did not leave their dorm room for 24 hours and reported feeling unwell on November 13, before being taken to separate hospitals in Bangkok. Shaun Bowles told reporters outside Bangkok Hospital on Wednesday that his daughter remained in critical condition and on life support. "We just like to thank everyone from back home for all of the support and love that we're receiving," he said. "But we'd also like the people to appreciate right now, we just need privacy so we can spend as much time as we can with Holly." Consular assistance is being provided to the families of the two Australians girls. Hostel manager Duong Duc Toan said the Australian women had joined more than 100 other guests for free shots of Lao vodka offered by the hostel as a gesture of hospitality. Thai authorities confirmed Ms Jones had died by "brain swelling due to high levels of methanol found in her system". The Australian government has updated its travel advice for Laos, telling residents to be alert to the potential risk of spirit-based drinks including cocktails. Foreign Minister Penny Wong said drink-spiking and methanol poisoning were "far too common in many parts of the world". "At this time I would say to parents, to young people, please have a conversation about risks, please inform yourselves, please let's work together to ensure this tragedy does not happen again," she said. Ms White's friend Bethany Clarke also urged tourists in the region to avoid local spirits. "Just avoid them as so not worth it," she wrote in a Laos backpacking Facebook group. "Six of us who drank from the same place are in hospital currently with methanol poisoning." One New Zealand citizen has also fallen ill in Laos and could be a victim of methanol poisoning, New Zealand's Foreign Ministry said. "Travellers are advised to be cautious about consuming alcoholic beverages, particularly cocktails and drinks made with spirits that may have been adulterated with harmful substances," it said. With Reuters and AP Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . Advertisement
Busy schedule gives Packers no time to celebrate their lopsided win over 49ersBoston, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Western Union , the global leader in cross-border, cross-currency money movement and payment services, has been named the top online money transfer service by Expert Consumers. This recognition highlights Western Union's long standing reputation for providing flexible and reliable international money transfer solutions. Best International Money Transfer Solution Established in 1851, Western Union has built a robust network that spans over 200 countries and territories. The company has adapted to the digital age, offering customers seamless online and mobile platforms for sending and receiving money. Whether for personal or business purposes, Western Union continues to set the standard for international financial transactions with its broad array of services and delivery methods. International Transfer Methods Western Union offers several transfer methods to meet diverse customer needs, including online transfers through its website or mobile app, in-person transfers at numerous agent locations worldwide, and bank-to-bank transfers. Customers can also take advantage of mobile wallet transfers and telephone services in select regions. With various payment options such as debit/credit cards, bank transfers, and even Apple Pay (available in select regions), Western Union ensures that customers can send money in the way that is most convenient for them. For recipients, Western Union offers a variety of ways to access funds, including cash pickup from agent locations, direct bank account deposits, mobile wallet deposits, and even prepaid card loading in some markets. This extensive network of delivery methods ensures that recipients can access their funds quickly and with confidence, no matter where they are in the world. Reliability & Security In addition to its services, Western Union continues to prioritize security with advanced encryption technology and fraud detection systems. This commitment to safety ensures that customers can trust Western Union with their transactions, whether sending money for family support, business needs, or other purposes. Rates & Fees While Western Union's fees vary depending on transfer method, destination, and payment source, the company's commitment to transparency and customer satisfaction is evident through its online price estimator tool. Customers can easily calculate fees and exchange rates before initiating transfers, ensuring there are no surprises. Promotions and discounts are also available, particularly for digital transactions, adding further value for customers. Despite variable fees and exchange rates, Western Union's unparalleled global reach, reliable service, and security features solidify its position as the top choice for international money transfers. With its ability to move money efficiently and reliably, Western Union remains the best option for those seeking a trusted partner for cross-border payments. For more information on Western Union's international money transfer services, click here . To view the full article, visit Expert Consumers' website . About Expert Consumers: Expert Consumers provides news and reviews of consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided. Contact: Drew Thomas ( [email protected] )
Formula One owner Liberty Media shares up after GM entry
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West Ham surprise Newcastle with 2-0 away win