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PNC Financial Services Group Inc. Trims Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. The internet is rife with fake reviews. Will AI make it worse? Researchers and watchdog groups say the emergence of generative artificial intelligence tools that allow people to efficiently produce detailed and novel online reviews has put merchants, service providers and consumers in uncharted territory. Phony reviews have long plagued many popular consumer websites, such as Amazon and Yelp. But AI-infused text generation tools enable fraudsters to produce reviews faster and in greater volume, according to tech industry experts. The deceptive practice is illegal in the U.S. and becomes a bigger problem for consumers during the holiday shopping season, when many people rely on reviews to buy gifts. A tech company and watchdog group that uses software to detect fake reviews says AI-generated reviews have multiplied. Romanian lawmakers narrowly approve new pro-European coalition during period of political turmoil BUCHAREST, Romania (AP) — Romanian lawmakers have voted narrowly in favor of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu. The move on Monday could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election. Parliament approved the new administration in a 240-143 vote in the 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party, the center-right National Liberal Party, the small ethnic Hungarian UDMR party and national minorities. President Klaus Iohannis is expected to swear in the new government later Monday. Stock market today: Wall Street mixed at the start of a holiday-shortened week Stock indexes are mixed in afternoon trading on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.6% Monday. Several big technology companies helped support the gains. The Dow Jones Industrial Average slipped 21 points, or 0.1%, and the Nasdaq composite rose 1%. Japanese automakers Honda Motor and Nissan Motor said they are talking about combining in a deal that might also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. AI will eavesdrop on world's wildest places to track and help protect endangered wildlife PUERTO JIMÉNEZ, Costa Rica (AP) — A biologist hid 350 audio monitors across Costa Rica’s tropical rainforests to spy on endangered spider monkeys in order to help protect them. But she had to go back to collect the data and feed those sounds into artificial intelligence systems that can recognize monkey calls. Now tech giant Microsoft's philanthropic arm is hoping to supercharge AI-assisted wildlife research with new solar-powered devices that can capture sounds, images and other wilderness data for a year or more without human intervention. Researchers say more AI wildlife surveillance is urgently needed to monitor the health of species at risk of extinction. Many Americans have come to rely on Chinese-made drones. Now lawmakers want to ban them WASHINGTON (AP) — The economic and technological rivalry between the U.S. and China has come to the drone market, where Chinese-made flying devices are a dominant player in America. Lawmakers in Washington are seeking to ban new sales of Chinese-made drones, arguing they could be used to spy on Americans and that the low-cost models are hurting the U.S. drone industry. But U.S. users — spanning from police officers to farmers to mappers and filmmakers — have come to rely on Chinese-made drones, especially those by DJI Technology, for their work or lives. Florida has banned Chinese drones in state-funded programs, but also appropriated $25 million to help offset replacement costs.calico cat good luck 。

Stock market today: Wall Street rises at the start of a holiday-shortened weekLONDON (AP) — A civil jury in Ireland finds that mixed martial arts fighter Conor McGregor assaulted a woman in a hotel. (CORRECTS: A previous APNewsAlert misstated the claim the jury found him liable for.).Romanian politicians have voted in favour of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu. The move could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election by a top court. Parliament approved the new administration in a 240-143 vote in Romania’s 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party (PSD) the centre-right National Liberal Party (PNL), the small ethnic Hungarian UDMR party and national minorities. It caps a month-long period of turmoil in which far-right nationalists made significant gains in a parliamentary election on December 1 a week after a first-round presidential race saw the far-right outsider Calin Georgescu emerge as the front-runner. “It will not be an easy mandate for the future government,” Mr Ciolacu, whose PSD party topped the polls in the parliamentary election, said in a statement. “We are aware that we are in the midst of a deep political crisis,” he said. “It is also a crisis of trust, and this coalition aims to regain the trust of citizens, the trust of the people.” Romania’s 16 ministerial positions will be shared among the parties, which will hold a slim majority in the legislature. It is widely seen as a tactical partnership to shut out far-right nationalists whose voices found fertile ground amid high living costs and a sluggish economy. Mr Ciolacu, who came third in the first-round presidential ballot despite polls indicating he would win the most votes, has served as prime minister since June 2023. After parliament’s approval, President Klaus Iohannis swore in the new government and warned the new Cabinet that it is entering a “difficult new period” in which “for many Romanians, there are major concerns”. Romania was plunged into turmoil after Mr Georgescu’s surprise success in the presidential race, after allegations of electoral violations and Russian interference emerged. Days before the December 8 run-off, the Constitutional Court made the unprecedented move to annul the presidential race. “We go through complicated times, but I think we all learned from mistakes of the past,” Mr Ciolacu said. “I hope that together with my colleagues in the coalition, we’ll find the best solutions to get past the challenges we have in front of us.” Mr Ciolacu said that the new government would aim to quickly organise the rerun of the presidential election in which the new coalition has agreed to put forward an agreed common pro-European candidate. Cristian Andrei, a political consultant based in Bucharest, said that the new government made up of the same political parties will likely embrace “soft populist” rhetoric such as economic patriotism, anti-austerity, and a peace solution in neighbouring Ukraine to counter the rise of far-right populism. “This will be a way to answer the concerns of many Romanians who voted for populists... but will not solve the fundamental problem of trust,” he said. “The only decisive factor now will be who and how convincing the pro-European candidates will be against this popular revolt.” George Simion, the leader of the far-right Alliance for the Unity of Romanians, which came second in the parliamentary election, said that all politicians from his party on Monday would vote against the Ciolacu government. In 2021, the PSD and the PNL also formed an unlikely but increasingly strained coalition together with UDMR, which exited the Cabinet last year after a power-sharing dispute.Trump to attend Notre-Dame Cathedral reopening

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Defense fund established by supporters of suspected CEO killer Luigi Mangione nears $200KThe Supreme Court is scheduled to hear oral arguments on Wednesday in a case that could shape the way gender-affirming health care is provided in the U.S. — specifically for minors. The case in question comes from Tennessee, where the state banned medical care such as puberty blockers, hormone therapy and surgery for transgender minors regardless of parental consent and recommendations from a health care provider. Tennessee’s ban, as it was passed, would require transgender minors who already received gender-affirming care to stop their treatments within nine months of the law’s effective date as well as establish a path of legal action against medical professionals who provide the treatments. RELATED STORY | Ohio governor signs bill limiting bathroom use by transgender students Shortly after the state’s legislation passed the ban in 2023, the American Civil Liberties Union sued on behalf of three families with transgender youths and a Memphis-based medical doctor who wanted to block the ban from going into effect. The U.S. Justice Department later joined in opposition to the law. The plaintiffs argue that Tennessee’s ban violates the 14th Amendment’s Equal Protection Clause by discriminating against trans youth on the basis of sex. Tennessee Attorney General Jonathan Skrmetti has said the law is meant to protect minors from harm in the state. In the lower courts, he claimed that there is uncertainty around the risks and benefits of transition care for minors. RELATED STORY | Supreme Court will take up state bans on gender-affirming care for minors Over half of the states in the U.S. have enacted some type of ban on gender-affirming care for minors to date. The Supreme Court’s decision in the case US v. Skirmetti could have implications across the country. If the Supreme Court rules that Tennessee’s ban is unconstitutional, then similar bans passed by other states could also be deemed unconstitutional. But if the high court affirms that laws prohibiting healthcare for transgender minors do not violate the equal protection clause, then those bans could remain in place.

Stock market today: Wall Street mixed at the start of a holiday-shortened week

LONDON (AP) — A civil jury in Ireland finds that mixed martial arts fighter Conor McGregor assaulted a woman in a hotel. (CORRECTS: A previous APNewsAlert misstated the claim the jury found him liable for.).

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Innovative Gate Drivers with Isolators Revolutionize Power Efficiency in Electric Vehicle Systems 12-23-2024 07:14 PM CET | Industry, Real Estate & Construction Press release from: ABNewswire In the rapidly evolving landscape of electric vehicle (EV) technology, every component counts in maximizing power efficiency and minimizing system footprint. A significant breakthrough in this domain is the introduction of innovative gate drivers with isolators, which are transforming the way powertrain systems operate. These advanced gate drivers not only enhance power efficiency but also reduce the printed circuit board (PCB) space and eliminate the need for external components, paving the way for more compact and efficient EV systems. The Rise of High-Powered SiC and GaN Devices Electric vehicle powertrains require robust and efficient power devices to deliver the raw horsepower that drivers expect. Silicon carbide (SiC) and gallium nitride (GaN) materials have emerged as the front-runners in this space due to their superior thermal conductivity and high switching capabilities. For instance, SiC MOSFETs (Metal Oxide Semiconductor Field Effect Transistors) offer high thermal conductivity, enabling the powertrain system to operate at temperatures exceeding those of standard silicon-based devices. Similarly, GaN MOSFETs in DC/DC converters reduce capacitor and magnetics while maintaining high switching capabilities, significantly boosting the overall efficiency of the EV system. The Role of Capacitive Isolation in Gate Drivers [ https://www.shinecomponents.com/isolators/isolators-gate-drivers ] Powertrains experience a high volume of noise and vibration, which necessitates a robust isolation method to ensure stable and efficient operation. Capacitive isolation, implemented through isolated gate drivers, is the preferred method to cope with these design challenges. These gate drivers are capable of handling high data rates and mitigating excess noise throughout the system, ensuring that the powertrain operates smoothly and efficiently. The Advantages of Isolated Gate Drivers Isolated gate drivers are particularly well-suited for wide bandgap solutions, as they handle high voltage applications and fast switching functionalities ranging from 100 kHz to MHz. Their ability to eliminate external components such as pulse transformers and discrete isolators allows designers to reduce the system's cost, weight, and PCB footprint. Furthermore, these gate drivers provide functional safety diagnostics, helping to minimize faults within the powertrain system. One such example is the UCC5870-Q1 isolated gate driver from Texas Instruments (TI). This device is designed to drive high-powered SiC and GaN power devices, reducing PCB space and eliminating external components while increasing power efficiency in EV systems. According to TI, the UCC5870-Q1 is capable of providing functional safety diagnostics, helping the powertrain system, and maximizing power density by 50%. The Evolution of Gate Driver Technology Analog Devices (ADI) has also made significant strides in gate driver technology with its small form factor isolated gate drivers. These drivers are designed for the higher switching speeds and system size constraints required by power switch technologies such as SiC and GaN. They leverage ADI's proven iCoupler isolation technology combined with high-speed CMOS and monolithic transformer technology to enable ultralow propagation delay without sacrificing common-mode transient immunity (CMTI) performance. The high pulse fidelity architecture of these gate drivers enables motor power efficiency to meet new required efficiency levels. Additionally, their superior timing performance stability reduces voltage distortion, as well as harmonic and output power content on solar inverters. The iCoupler family of digital isolation products has been tested and approved by various regulatory agencies, ensuring compliance with safety standards. Market Offerings and Choices The market for isolated gate drivers is bustling with a variety of offerings from leading manufacturers such as Infineon Technologies, Analog Devices, and Texas Instruments. These manufacturers provide a range of gate drivers tailored to different applications and power requirements. For instance, Infineon's Eicedriver family offers isolated gate drivers with high CMTI capabilities, making them ideal for SiC-based power systems. When selecting an isolated gate driver, it is crucial to consider factors such as switching speed, isolation voltage, propagation delay, CMTI performance, and package size. These factors will determine the suitability of the gate driver for a particular application and help in optimizing the overall performance of the EV system. The Future of EV Powertrain Systems As the EV market continues to grow, the demand for more efficient and compact powertrain systems will also increase. Isolated gate drivers with isolators will play a pivotal role in meeting these demands. By reducing PCB space, eliminating external components, and increasing power efficiency, these gate drivers are enabling the development of more advanced EV systems. Moreover, ongoing research and innovation in gate driver technology will lead to the development of even more efficient and reliable devices. Future gate drivers are likely to incorporate advanced features such as integrated power supplies, modulation and demodulation circuits, and bidirectional signal transmission capabilities. These features will further enhance the performance of EV powertrain systems and pave the way for the adoption of electric vehicles on a global scale. In conclusion, isolated [ https://www.shinecomponents.com/isolators/isolators-gate-drivers ] gate drivers with isolators are revolutionizing the power efficiency of electric vehicle systems. By leveraging advanced materials and technologies, these gate drivers are enabling the development of more compact, efficient, and reliable EV systems. As the EV market continues to grow, the role of isolated gate drivers in shaping the future of electric transportation will become even more significant. Media Contact Company Name: SHINE EVER (HONGKONG) CO., LIMITED Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=innovative-gate-drivers-with-isolators-revolutionize-power-efficiency-in-electric-vehicle-systems ] Phone: 86755-83220118 Address:Room 606, Side of Building 405, Shangbu Industrial Zone, No. 156, Zhenxing Road, Huahang Community, Huaqiangbei Street, Futian District City: Shenzhen City State: Guangdong Country: China Website: https://www.shinecomponents.com/ This release was published on openPR.