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Now AWS plans to invest billions more in Midwestern data centers as it looks to keep up with demand for artificial intelligence and increased data use in a digital society where streaming, teleconferencing and other online activities gobble up more data. Amazon announced Monday it was planning an additional $10 billion in investment in data centers in neighboring Ohio. The company is in the middle of a $100 billion expansion of its data center capacity, adding new data centers everywhere from Mississippi to Italy. AWS invested $6 billion in data centers in Ohio through 2022 and announced another $7.8 billion data center development plan next year. It's now looking to invest more than $23 billion in Ohio data centers through 2030. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts That's the second highest private sector investment in Ohio state history and also double the record $11 billion investment in the New Carlisle data center, which is the highest private sector investment in Indiana history, surpassing the $4.2 billion BP Whiting Refinery modernization project. "Today, we reaffirm our long-term commitment to Ohio with plans to invest an additional $10 billion to expand our data center infrastructure in greater Ohio to drive innovation in AI for customers," said Roger Wehner, vice president of economic development at AWS. "Since 2015, AWS has invested more than $10.3 billion in the state, and currently supports more than 4,760 jobs annually. This expanded investment is expected to create new, well-paying jobs, boost Ohio's GDP, and further cement our partnership with the state. We are also proud to continue expanding the reach of workforce development and educational programs that equip Ohio’s next generation of tech talent through strong public and private partnerships." Amazon Web Services opened its first data center in Ohio in 2016 and has since investment $10.3 billion in Ohio. It's contributed an estimated $3.8 billion in total gross domestic product to the Buckeye state from 2015 through 2023. It's created hundreds of jobs in software development, facilities maintenance, electricity generation, telecommunications and other fields in Ohio. It plans to invest further in computer services, networking equipment and data storage drives. “As reliance on digital services continues to grow, so does the importance of data centers; they are critical to today’s modern economy,” Ohio Governor Mike DeWine said. “AWS’s substantial investment in Ohio will help keep our state at the forefront of the global technology.”
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Lisa McHugh reschedules Belfast concert as daughter remains sick in hospitalParticipation in study abroad programs at the University of Colorado Boulder is reaching record-breaking levels, with annual participation up 13% year over year.(The Center Square) – Nevada’s state senate will be seeing five new faces with one seat flipping Republican and one flipping Democrat. Ten out of 21 district senate seats in Nevada were up for election this year. Here are those who have joined the Senate for the first time: District 1 Shelly Crawford was able to keep District 1 Democrat with 58.97% of the vote over Republican candidate Patricia Brinkley. Crawford filled former Sen. Pat Spearman’s vacated seat. Crawford has been a lifelong educator in Arizona and has written multiple bills targeting education that have passed through the legislature. “She has written Senate Bill SB352 which created $10 million dollars in state educator recruitment funding,” reads Crawford’s campaign website. “She also assisted with the $65 billion 2021 Federal Recovery Broadband Act that ensures that all of our students have access to the internet. This last legislative session she co-presented Senate Bill 428 for teacher pathway programs.” District 11 Democratic incumbent Dallas Harris lost his seat in District 11 to Republican challenger Lori Rogich by just around 1%. “I’m honored to have earned your trust and support in this election,” reads a post by Rogich on X. “Together, we’ve shown what a united, strong, and determined community can achieve. Now, I’m ready to get to work for our district, tackle the issues that matter most, and make a difference for every one of you. This is just the beginning, and I couldn’t be more excited for what we’ll accomplish together.” Rogich is new to the political arena, formerly working as a lawyer. Her priorities in the legislature include improving education, the healthcare workforce shortage, stabilizing the economy and improving public safety. District 15 Angie Taylor flipped District 15 blue, beating Republican candidate Mike Ginsburg. Republican Heidi Gansert formerly held the seat since 2016. This position on the senate will be Taylor’s first role in politics, but has spent her life working in education, formerly serving on the local school board. Her priorities in the legislature include funding and supporting schools, reducing the cost of living, protecting the right to abortion, creating affordable housing and finding ways to improve environmental sustainability. District 18 John Steinbeck has filled District 18’s open seat, keeping a Republican hold on the district. He won the general election against Ron Bilodeau with 56.91% of the vote. Steinbeck formerly worked as fire chief at the Clark County Fire Department and has ran his campaign on improving public safety. Additionally, his campaign website states that his other priorities include improving education quality, diversifying Nevada’s economy and addressing the healthcare workforce shortage. District 19 Republican John Ellison ran unopposed in the District 19 general election. Ellison has had a long history representing Nevada in the political arena, serving District 33 for 12 years in the Nevada Assembly. Five incumbents prevailed, keeping a hold on their seats in Districts 3, 4, 5, 6 and 7.
The International Organization for Migration (IOM) and Microsoft have launched a pioneering collaboration to combat climate-induced displacement, leveraging artificial intelligence (AI) and data-driven solutions. This partnership, supported by Microsoft’s AI for Good Lab, aims to provide actionable insights to mitigate the impacts of climate change on migration and bolster resilience in vulnerable communities. Pilot projects have already begun in the Maldives, Ethiopia, and Libya, marking a significant step in addressing the growing challenges posed by climate-related migration. Climate change is becoming an increasingly powerful driver of displacement, with 26.4 million internal displacements recorded in 2023. According to the Internal Displacement Monitoring Centre (IDMC), by the end of 2024, 7.7 million people are expected to be internally displaced due to disasters, highlighting the urgent need for comprehensive data on climate-induced migration. Amy Pope, IOM Director General, emphasized the importance of proactive strategies in the face of this crisis. “We can no longer simply react to climate change,” she said. “This collaboration with Microsoft empowers IOM with data and insights that enable us to proactively address the impact of climate change on migration so we can better protect vulnerable communities.” The collaboration combines advanced AI tools with local expertise to assess the risks posed by climate change in various regions. In Ethiopia, AI-driven data analysis identified that 700,000 people and 1.5% of the country’s croplands are at risk of flooding. These findings are helping IOM plan more targeted interventions to assist displaced populations and reduce the risk of future displacement. In Libya, the partnership has focused on the impact of extreme heat on migration routes, with projections suggesting that 72% of the country’s migration pathways could face dangerous heat levels under a 2°C global warming scenario, raising health risks for migrants. In the Maldives, where rising sea levels threaten displacement, projections indicate that by 2050, about 9,000 people could be displaced, with some islands facing over 70% of their populations at risk. The research highlights five islands that are likely to remain safe, providing critical insights for adaptation and migration policies in partnership with the Maldivian government. The results of these projects will be showcased through the Climate Action Portal, an interactive platform designed to share key insights on climate change and migration. The portal will present dynamic data visualizations and maps to empower policymakers and humanitarian organizations with the information needed to respond effectively to climate-induced displacement. This initiative is part of a broader strategic partnership between IOM and Microsoft Philanthropies aimed at leveraging technology and data to save lives, improve decision-making, and create sustainable pathways for migrants. Through this collaboration, IOM and Microsoft are setting a new standard in identifying vulnerable populations, predicting displacement hotspots, and equipping stakeholders with the tools necessary to mitigate risks and support affected communities.The Philosophical Emperor( ) Chief Executive Bobak Azamian found his inspiration in a veterinarian's office — of all places. Today, the company sells one drug that could, potentially, treat 25 million people in the U.S. with Demodex blepharitis, a condition that occurs when mites build up in the eyelashes. This causes itchiness, crustiness, dryness and other problems in the skin around the eyes. But its drug, Xdemvy, didn't emerge from the human health side of pharmaceuticals. Instead, Azamian and his cofounder drew inspiration from animal health. Lotilaner, the active ingredient behind Xdemvy, is an antiparasitic used to treat tick and flea infestations in animals. "Fleas, ticks, mites, these are really common parasites that cause disease in our pets," he said in an interview. "A lot of animal-health companies have been innovators. So, we found the best antiparasitic molecule and brought it to human medicine." Shares of Tarsus Pharmaceuticals have been on a run over the past four months, helped by strong third-quarter sales growth. The biotech stock has rocketed about 150% since early August. Tarsus Pharmaceuticals' Strong Growth Xdemvy brought in $48.1 million in sales during the three months ended Sept. 30, easily beating expectations for $43.2 million, according to FactSet. That ramped markedly from the $1.9 million in sales Tarsus reported in the year-earlier period, Xdemvy's first on the market. The biotech stock surged nearly 14% on Nov. 14, the day after Tarsus Pharmaceuticals reported its third-quarter sales. Shares later pulled back, however, and closed with a fractional gain. Since then, the stock has continued gaining momentum. In an October report to clients, William Blair analyst Lachlan Hanbury-Brown noted Tarsus had finished hiring and training its salesforce, which hit the field after Labor Day. "Management is already seeing a lift from the new reps and noted it expects the expansion to pay for itself this year, and to see multiples of return on investment in 2025," he said. Biotech Stock: Blockbuster Status Looms Azamian, Tarsus Pharmaceuticals' CEO, notes Xdemvy is the first prescription medicine meant specifically for Demodex blepharitis. Now that there's a drug on the market, doctors are "looking for it more than they ever have." Historically, patients with Demodex blepharitis simply had to "deal with it," he said. "There hasn't been any medicine, so people have been doing over-the-counter remedies, warm compresses to try to reduce the inflammation, scrubs to try to scrub off the debris that results from the mites, and then trying things like tea tree oil that has some natural product activity against mites, but don't really get to the root cause like our drug, Xdemvy, does," he said. He estimates Tarsus has treated 100,000 patients with the condition and has reached 13,000 of the approximately 15,000 doctors who treat them. But there are millions of potential patients. He notes the incidence of Demodex blepharitis climbs as patients get older. Analysts following the biotech stock expect Xdemvy to approach blockbuster status in 2029 with an estimated $965.4 million in sales, a significant increase from the $174.1 million forecast for this year and $310.8 million for next. Next Efforts In Rosacea And Lyme Disease Tarsus Pharmaceuticals is also on a treatment for rosacea around the eyes and a drug that could prevent Lyme disease. Rosacea is a skin condition that causes redness or flushing, oftentimes on the face. Both are different formulations of the same active ingredient behind Xdemvy. Papulopustular rosacea, the formal name for the condition Tarsus is targeting, occurs in about 18% to 26% of patients with rosacea. It's developing TP-04 as a topical treatment for the disease. Meanwhile, Tarsus' TP-05 could prevent Lyme disease from tick bites or malaria transmitted by mosquito bites. Tarsus estimates there are 300,000 to 400,000 cases of Lyme disease each year in the U.S. Malaria occurs in 247 million people annually across the globe. "This is a pipeline in a product," Azamian said. "One molecule across three formulations." Top 3% Biotech Stock But the success with Xdemvy, thus far, is truly what's driving Tarsus stock, he said. Shares have a strong of 97 out of a best-possible 99. This means the biotech stock ranks in the top 3% of all stocks when it comes to 12-month performance. Tarsus Pharmaceuticals shares have traded above their since September, shows. But, it's important to note, the company is still not profitable. It's expected to report losses until 2026, according to FactSet. Still, Azamian remains upbeat. "It's category ownership with Xdemvy and then category creation with rosacea," he said. "We have a great team, a great financial position. Our mission at Tarsus is really to not just have one great medicine with Xdemvy but, ultimately, to have other category-creating medicines that we can bring to patients.
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The hottest topic in energy circles right now – apart from dealing with the – is battery storage, the plunging price of battery cells and its implications for a future renewable-dominated grid supported by flexible capacity. The CSIRO and the Australian Energy Market Operator earlier this month noted in their draft GenCost report that in terms of price – down 20 per cent from where it was just 12 months ago. An annual assessment from Bloomberg NEF supported that assessment. Since then, an auction in China – the country’s biggest for energy storage – suggests that the price decline in battery cells, thanks to intense competition, technology and efficiency improvements and boosted manufacturing capacity, may be even more dramatic than that. According to reports out of China, the Power Construction Corporation of China (PowerChina) has attracted 76 bidders for its unprecedented tender of 16 GWh. The bids were opened on December 4, and according to PV Mag, has attracted prices ranging from $US60.5/kWh to $US82/kWh, with an averaging of $US66.3/kWh. It said 60 of the bids were below $68.4/kWh. The tender is for the supply of energy storage systems – specifically lithium iron phosphate (LFP) battery cells – that will be built in 2025-2026. The winners will be announced after another series of round that will clarify supply chains, equipment quality and delivery ability. The price reportedly includes a comprehensive range of services beyond the delivery of storage equipment, including system design, installation guidance, commissioning, 20-year maintenance, and integrated safety features. “(These are) mind-blowing numbers,” said Marek Rubik, the founder of US-based battery technology company Fluence, and now a director of Saudi green energy project Neom. “(This is) system pricing, not cells,” he wrote on LinkedIn. This, of course, has great significance for the transition to renewables in the main grid, and potentially the shift to EVs in the transport sector. Battery project prices in – albeit still at a cost of around $A300/kWh, which would include local costs such as planning, labour and balance of plant. Just last week, new data from BNEF confirmed the CSIRO and AEMO estimates that battery storage prices had fallen 20 per cent in the last year. Its data showed that the price of lithium-ion battery packs had seen their largest annual drop since 2017, dropping to $US115 per kilowatt-hour – down from $US806 in 2013 and $US144 in 2023. BNEF cited a number of factors in the ongoing decline, including cell manufacturing overcapacity, economies of scale, low metal and component prices, adoption of lower-cost lithium-iron-phosphate (LFP) batteries, as well as a slowdown in electric vehicle sales growth. Overcapacity, in particular, is high, with 3.1TWh of fully commissioned battery-cell manufacturing capacity around the globe, put in place ahead of what battery manufacturers expected to be increased demand for EV batteries. BNEF says the EV market remains the largest source of battery demand – although it has slowed this year – while the stationary storage markets have “taken off”, according to BNEF, with strong competition across both cell and system providers, especially in China. “The price drop for battery cells this year was greater compared with that seen in battery metal prices, indicating that margins for battery manufacturers are being squeezed,” , the head of BNEF’s battery technology team and lead author of the report. “Smaller manufacturers face particular pressure to lower cell prices to fight for market share.” BNEF noted that the $US115/kWh price point is a global average. It cited then that battery pack prices were lowest in China, coming in at around $US94/kWh. The latest tender results suggest another 20 per cent reduction is already in train. However, BNEF noted it is unclear what the future will bring. While low raw material prices have also helped push down costs, these prices could rise in the next few years, with the threat of increasing geopolitical tensions, tariffs on battery metals, and low prices stalling new mining and refining projects. “One thing we’re watching is how new tariffs on finished battery products may lead to distortionary pricing dynamics and slow end-product demand,” said Yayoi Sekine, head of energy storage at BNEF. “Regardless, higher adoption of LFP chemistries, continued market competition, improvements in technology, material processing and manufacturing will exert downward pressure on battery prices.” The China tender is part of PowerChina’s broader equipment procurement plan that were announced on November 13. These includes 51 GW of solar modules, 51 GW of inverters, 25 GW of wind turbines, and 15,240 prefabricated 35kV substations.
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