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The Automatic Transfer Switch for Generators( ) shares are edging lower on Thursday morning. At the time of writing, the giant's shares are down almost 1% to $119.35. Why are Rio Tinto shares falling? The company's shares are falling this morning after investors gave a lukewarm response to the release of a couple of updates after the market close on Wednesday. The relates to the Rincon Lithium Project in Argentina which is currently being developed by Rio Tinto. According to the release, the mineral resources inclusive of ore reserves for the Salar del Rincon lithium brine deposits comprise: Management believes this supports production of up to 60kt of battery grade lithium carbonate per year for a period of 40 years and be in the first quartile of the cash cost curve. The Rincon 3000 starter plant is scheduled for completion in the first half of 2025. What else? Rio Tinto also held an investor seminar in London overnight where it provided on its strategy of investing for a stronger, more diversified and growing portfolio to ensure the long-term delivery of attractive shareholder returns. At the seminar, Rio Tinto's chief executive, Jakob Stausholm, said: We have all the building blocks we need to become a global leader in energy transition materials, and we have a clear plan for a decade of profitable growth. As we ramp up the Oyu Tolgoi underground copper mine, deliver the Simandou high-grade iron ore project in Guinea, and build out our lithium business through the proposed acquisition of Arcadium, we are underwriting a decade of profitable growth. We plan to utilise our strong balance sheet to unlock and accelerate Arcadium's tier one projects, timed to meet future demand growth. FY 2025 guidance The company also released its production guidance for FY 2025. It expects: Broker reaction Goldman Sachs was pleased with the update and notes that everything was largely in line with expectations. It said: RIO's 2024 Investor Seminar focused on the company's next phase of growth projects with the company reiterating the 3% medium-term production growth target (4% with lithium) and adjusting capex guidance slightly for the latest project sequencing and the announced acquisition of Arcadium Lithium. Overall, key growth projects are on track including Simandou iron ore in Guinea and the Oyu Tolgoi copper/gold underground project in Mongolia, which combined are expected to contribute 2/3 of RIO's CuEq growth and help drive a 5% lift in margins to 50% (GSe), and >30% increase in our EBITDA and DPS forecasts from 2024E-28E. Production guidance for 2025 was also provided which was broadly in-line with GSe and implies 7% CuEq growth. RIO also outlined a potential change in Pilbara iron ore product strategy by low grading to maximise margins and value given current demand dynamics and supply side constraints.
Arista Networks Inc. stock underperforms Monday when compared to competitorsIs 'Cruel Intentions' Getting a Season 2? Here's What We Know About the Prime Video Series.
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After earning much-needed wins earlier this week, the Detroit Red Wings and Philadelphia Flyers hope to build on those performances Thursday when they face off in Pennsylvania. Detroit snapped a season-high five-game losing streak Monday with a 6-5 victory against the Buffalo Sabres. The Red Wings trailed 5-3 with under 10 minutes left in regulation before tying things up and eventually prevailing in a shootout. "It was a massive win for us," said Detroit's Dylan Larkin, who had two assists in regulation before netting the decisive goal in the shootout. "... It was good for our hockey team to score some goals, to be down and come back and win like that." Andrew Copp added two goals for the Red Wings, while Lucas Raymond scored once in regulation and again in the shootout. The headliner for Detroit, however, was Sebastian Cossa, who relieved Ville Husso in net after the first period and went on to earn the win in his NHL debut. It's been a grueling stretch for the Red Wings, who have played 11 straight games decided by two goals or fewer. During their five-game losing streak, each of those defeats came by a single goal, including twice in overtime. "We needed one to go our way," Detroit coach Derek Lalonde said, adding that his team was "a little sloppy tonight, but we produced some offense. Give a lot of credit to the guys (for hanging) in there." The Red Wings' story actually sounds similar to what the Flyers have gone through in November. Philadelphia had lost three in a row prior to authoring a solid performance in Tuesday's 5-3 road victory over the Columbus Blue Jackets. Travis Konecny had two goals and Owen Tippett tallied for the fifth time in as many games for the Flyers, who play eight of their next 10 games on the road after Thursday's contest. "We needed that win," Konecny said. "We've been going in the wrong direction for a few games, so it was good to turn it around." Philadelphia, like Detroit, has had a long stretch of games decided by two goals or fewer -- nine in a row. "I felt it was an important game for us to get back to playing with energy," Flyers coach John Tortorella said. The Flyers and Red Wings have one other commonality in that they have not reached the postseason in several years. Detroit has missed the playoffs in each of the last eight seasons (and has an uphill battle to reach the postseason in 2025). Philadelphia, meanwhile, has a decent shot to end its four-year playoff drought. That said, the Flyers players are aiming to take things one game at a time. "I think it's still a little early to look at standings and movement and stuff, but, obviously, you know when the big games are, when you play in your conference and division," Tippett said. "Those are the points that matter coming down to the end." This is the first meeting of the season between the teams, who will face off again next week in Detroit and then once again in Philadelphia on Jan. 21. --Field Level MediaVolleyball Beats Virginia In Final Home Game Of 2024 SeasonThree weeks after being elected to the U.S. House of Representatives, Virginia state Sen. John McGuire has yet to resign his seat in the Virginia Senate, an unusual delay that has raised questions about the transition of power and the scheduling of a special election to fill the Republican's vacancy. McGuire, who defeated Democrat Gloria Witt in Virginia’s 5th Congressional District earlier this month after unseating U.S. Rep. Bob Good in one of the most expensive GOP primaries nationwide this year, is slated to be sworn into Congress in January. However, his continued hold on his state Senate seat, representing the 10th District, is drawing attention because most state lawmakers resign soon after winning federal office to allow for a smooth succession process. The state Board of Elections is set to certify the results of the Nov. 5 election on Dec. 2. Republican state Sen. John McGuire speaks during the 5th Congressional District debate at Hampden-Sydney College in Farmville on Thursday, Oct. 17, 2024. Under state law, a special election must be set within 30 days of a vacancy or notification of it, whichever occurs first. Virginia Senate President Pro Tempore Louise Lucas, a Portsmouth Democrat, is expected to set a date for a special election to fill McGuire’s seat once his resignation is official. “We’re still waiting for a formal resignation letter so we can go ahead and call for a special election,” JoNathan Collins, a spokesman for Lucas, told the Virginia Mercury Monday. McGuire did not respond to several phone calls and text messages seeking comment. Senate Minority Leader Ryan McDougle, a Hanover Republican, said Monday that he expects a special election to be set for Jan. 7, the day before the General Assembly convenes for its 20205 session. He did not elaborate further. Virginia state Sen. Louise Lucas, a Portsmouth Democrat, looks up at the voting board during the floor session of the Senate on Monday, Feb. 10, 2020. Democrats hold a slim 21-19 majority in the state Senate. If McGuire’s vacant seat remains unfilled by the start of the legislative session in January, Republicans will face an additional loss in their numbers. David Richards, a political science professor at the University of Lynchburg, said that he doesn’t see a strategic reason for why McGuire would delay resigning his seat. “I’m chalking this up to ‘paperwork delays’ or something like that,” Richards said. “I’m not going to pretend to know what McGuire is thinking, but this does seem to fall in line with the fairly loose way he ran his campaign, both in the primary and in the general election.” McGuire, Richards said, often seemed to be using “a different playbook than the normal one, whether because he has his own ideas or simply is unfamiliar with what he needs to do, it wasn’t clear. My hope is that he gets up to speed once he gets to D.C. in 2025 and will figure out how to be an effective voice in Congress for the 5th District.” Virginia state Sen. John McGuire celebrates during a watch party at the Virginian Hotel in Lynchburg after his win in the 5th District GOP primary, Tuesday, June 18, 2024. The 10th state Senate District, which spans 11 localities, stretching from Lynchburg in the west to the Richmond suburbs in the east, leans Republican. McGuire’s departure has set the stage for a hotly contested race, particularly among Republican hopefuls eager to retain the seat in the GOP column. Last week, district Republicans announced the process for selecting their nominee in the upcoming special election. The local GOP committee scheduled a mass meeting for 5:30 p.m. Dec. 12 to choose the party’s candidate. Unlike a firehouse primary, the mass meeting format allows registered Republicans in attendance to vote directly. The location for the meeting has yet to be finalized. Among the first of the six Republicans to announce their bids for McGuire’s seat was former state Sen. Amanda Chase, who had served in the body for eight years and lost her 2023 GOP primary for her Chesterfield-based seat to Sen. Glen Sturtevant. Because the law requires state legislators reside in the district they represent, Chase has moved from her former home in Chesterfield County to Appomattox County. Then-state Sen. Amanda Chase, a Chesterfield Republican, talks to voter Jason Sitterson, Tuesday, June 20, 2023, outside Bailey Bridge Middle School in Midlothian. Shayne Snavely, Chase’s former aide who worked on her bid for the Republican nomination for governor three years ago, has also declared his intention to run. And so have Jean Gannon, a Powhatan County real estate appraiser and longtime Republican activist, and Duane Adams, the chairman of the Louisa County Board of Supervisors, who ran for the Republican nomination in the district in 2023 but lost to McGuire. In more recent weeks, Luther Cifers, a businessman from Prince Edward County, and Bryan Hamlet, the chairman of the Cumberland County Board of Supervisors, have also launched their campaigns in District 10. The lone Democrat who has filed to run in the Republican-leaning district is Jack Trammel, a college professor from Louisa County who in 2014 unsuccessfully ran against Republican Dave Brat in Virginia’s 7th Congressional District. This story was originally published in the Virginia Mercury. Markus Schmidt covers Virginia politics from the state Capitol in Richmond for the Virginia Mercury. Stay up-to-date on the latest in local and national government and political topics with our newsletter.
NEW YORK (AP) — Major League Baseball switched a pair of series involving the Tampa Bay Rays to the first two months of the season in an attempt to avoid summer weather problems at open-air Steinbrenner Field, their temporary home following damage to Tropicana Field. Tampa Bay is scheduled to play 13 of its first 16 games at home and 47 of 59 through May 28, then play 69 of its last 103 games on the road. The Rays are home for eight of 25 games in July and eight of 26 in August. A series scheduled at the Los Angeles Angels from April 7-9 will instead be played at Tampa, Florida, from April 8-10, MLB said Monday. The second series between the teams will be played at Anaheim, California, from Aug. 4-6 instead of at St. Petersburg, Florida, from Aug. 5-7. Minnesota's first series against the Rays will be played at Steinbrenner Field from May 26-28 and the Twins' second will be at Target Field in Minneapolis from July 4-6. The Class A Tampa Tarpons, Steinbrenner Field's usual team, had six home postponements, two cancellations and four suspended games this year from June 21 through their season finale on Sept. 8. Tampa Bay is now scheduled to play its first six games at home against Colorado and Pittsburgh, go to Texas for a three-game series, then return for a 13-game homestand against the Angels, Atlanta, Boston and the New York Yankees. Tropicana Field, the Rays' home since the team started play in 1998, was heavily damaged by Hurricane Milton on Oct. 9, with most of its fabric roof shredded. The Rays cannot return to the Trop until 2026 at the earliest, if at all. AP MLB: https://apnews.com/Selden scores 29, Gardner-Webb takes down Bethune-Cookman 79-64(The Center Square) – As the Washington State Attorney General’s Office continues work on a pilot project for a hotline to report “bias incidents,” it has separately started a task force focused on “extremism and mass violence” from a public health perspective, the first of its kind in the nation. However, concerns have already been raised as to the true purpose of the group and the intent of its members regarding the impact to private citizens’ right to express their views without fear of government retaliation. Speaking during the task force’s first meeting on Friday, Sharon Damoff told the task force that “too often, the government goes after citizens they disagree with politically, such as parents speaking at school board meetings and prolife citizens, these people have been falsely labeled domestic extremists.” “Meanwhile, those committing actual violence, such as Antifa anti-Semitic demonstrators and trans activists are allowed to damage property and assault and threaten others,” she added. “Domestic extremism is a problematic concept.” Parents protesting at local school board meetings was among the activities included in an Anti-Defamation League presentation to the state Legislature last year regarding white supremacy. The presentation also included the following as “conspiratorial” narratives “motivating extremists”: Election Fraud Narratives Anti-Critical Race Theory Narratives Anti-Mask and AntiVaccine Narratives AntiLGBTQ+ “Grooming” Narratives The presentation was in support of House Bill 1333 sponsored by Rep. Bill Ramos, D-Issaquah. The bill failed to clear the Legislature, but this year’s operating budget included a $250,000 proviso funding the task force and directing it to “provide recommendations to establish a comprehensive public health and community-based framework to combat extremism and mass violence.” However, the proviso also explicitly denies the task force the authority to alter “any aspect of criminal law, create new criminal penalties, or increase criminal law enforcement.” Ramos told the task force that “a few years ago, I got involved with a number of people in the community asking for protection from police officers and sheriff's departments and so forth. They weren't being responded to. Law enforcement was not responding to them to protect them from others.” He added that he’s “tired of hearing ‘thoughts and prayers.’” When The Center Square reached out to the Washington Association of Sheriffs and Police Chiefs for comment on Ramos' remarks, Executive Director Steve Strachan wrote that "Representative Ramos’ comments, if accurately reported, are very serious allegations. If Representative Ramos has any information that a Washington law enforcement officer committed or attempted to commit a criminal act, or that any Washington law enforcement agency refused to respond because the accused was a law enforcement officer, Representative Ramos should immediately report his accusation. If Representative Ramos needs assistance in reaching the appropriate law enforcement agency, WASPC is here to facilitate." One of the questions not yet answered for the task force is what constitutes “extremism,” a term not defined in the state budget proviso, and how it relates to the task force’s prime objectives. Thurston County Auditor Mary Hall told the task force “we really need to take a deep dive into how we protect our communities from the incoming administration.” In the AGO 2022’s report , State Attorney General Bob Ferguson wrote that “domestic violent extremism” was a term that “encompasses various forms of extremist and political violence like threats, coercion, and intimidation, online disinformation, extremist recruitment and government infiltration efforts, and the general spread of extreme white supremacism and anti-government ideologies.” Consulted for that report was Cynthia Miller-Idriss, a professor at American University’s School of Public Affairs and Director of the Polarization and Extremism Research Lab who participated in the Nov. 22 task force meeting. Miller-Idriss is also a member of the task force. PERIL’s website states that they “use a public health approach to design, test, and scale-up evidence-based tools and strategies that effectively reduce the threat of radicalization to harmful online and offline content including conspiracy theories, mis/disinformation, propaganda, and supremacist ideologies. As an alternative to security-based approaches that rely on surveillance, censorship, and incarceration, our work takes a multidisciplinary and pre-preventative approach to address hate, bias, and radicalization before they manifest into violent extremism.” Yet some testifying during public comment expressed fears of future censorship or biased policymaking. Lisa Templeton with Informed Choice Washington warned of “the potential for this task force to make recommendations possibly based on political motives rather than actual safety motives that could violate medical and religious freedom, parental rights and free speech of all kinds.” “It's not that we in any way support criminal violence, quite the opposite,” she said. “We support law and order, and we peacefully work towards scientific integrity and public health policy and the protection of our civil liberties.” Several others testifying that expressed concerns with the task force included Rebecca Faust, who noted that “when folks set up an unauthorized encampment on a university campus, block pedestrian traffic, harass and effectively discriminate against Jewish students ... instead of being penalized, they are rewarded with concessions from the university that incentivizes bad behavior.” She added that “it is not the government's place to tell people what to think or say. It is the responsibility of government to protect people from violence and from violations of their basic rights. I support enforcing laws and regulations against harm to person or property, but [also] respecting free speech and freedom of thought.” Initiative sponsor Tim Eyman also spoke during public comment, arguing that “we're talking about regular citizens being investigated and interrogated not for some illegal act, but for their views, associations and friends, and there is no judicial oversight, no public viewing. This offers zero confidence of basic constitutional rights like freedom of association and freedom of expression will not be trampled, and it will all be done in private." He added that regular citizens should not be deterred from getting together and associating and communicating with one another, for fear of being investigated ... and possibly jailed.”None
Manitoba gov’t to increase municipal support with $62-million ‘growth’ fund
Police say searchers in Pennsylvania don't expect to find woman in sinkhole aliveGunmen in Haiti killed nine people in the latest spasm of violence by the Caribbean nation's powerful gangs, a community leader said Wednesday. The gangsters attacked Tuesday evening in the town of Petite-Riviere in central Haiti, Bertide Horace, a spokeswoman for a community association in the surrounding Artibonite region, told AFP. Two of the fatalities were adolescents and the attackers kidnapped an undisclosed number of people and set fire to houses, Horace said, adding: "We counted nine bodies." Video footage of the bodies circulated on social media, as the attack angered residents of the town. The assault was seen as revenge by gangsters against locals who had helped officers retake control of a police headquarters, she added. Haiti's powerful gangs control most of the capital city Port-au-Prince and commit random acts of kidnapping, rape and other extreme violence despite the deployment of a Kenyan-led force that is trying to help the outgunned local police restore some semblance of order. Over the weekend, nearly 200 people were killed in Port-au-Prince as a gang leader convinced that his son's illness stemmed from a voodoo spell attacked followers of the religion, according to an organization called the Committee for Peace and Development. The United Nations put the death toll at 184, including 127 elderly men and women. Around 5,000 people have died in the country's unrest this year, according to the United Nations. Haiti has suffered from decades of instability, but the situation escalated in February when gangs launched coordinated attacks in the capital to overthrow then-prime minister Ariel Henry. The medical charity Doctors without Borders (MSF) said Wednesday it would partially resume its activities in Port-au-Prince, less than a month after suspending its operations over threats to its staff. The United States meanwhile announced extended restrictions on US flights to Haiti, with the Federal Aviation Administration set to ban planes from operating under 10,000 feet around capital Port-au-Prince. The regulator had previously banned flights to Haiti after gangs shot at planes, but had eased restrictions on November 20. The new regulation goes into effect Thursday. jds/dw/mlm/des/jgc