NEW YORK (AP) — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average, meanwhile, lagged the market with a dip of 99 points, or 0.2%. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.House approves $895B defense bill with military pay raise, ban on transgender care for minors
Japan weighs extra taxes for defense spending as early as April 2026
Kalel Mullings and the Michigan Wolverines pulled off one of the biggest upsets of the 2024 college football season during Rivalry Week, defeating the No. 2 Ohio State Buckeyes 13-10 at Ohio Stadium in Columbus. After the game was tied a 10 apiece for a majority of the second half, Michigan made their way to the Ohio State three-yard line and made a go-ahead field goal with 45 seconds remaining. The Buckeyes had another chance to at least send the game to overtime but failed to move the ball down the field with their limited time, turning it over on downs. After the game, Michigan players celebrated by planting a flag with the team's logo in the middle of the Ohio State field. This caused a massive brawl to ensue, with players from both squads throwing punches and tossing each other to the turf. © Adam Cairns/Columbus Dispatch / USA TODAY NETWORK via Imagn Images Although it appeared the Wolverines sparked the fight by planting their flag, Michigan running back Kalel Mullings had different ideas on who started it, assigning blame to the Buckeyes for not knowing "how to lose." "For such a great game, you hate to see stuff like that after the game," Mullings said. "That's just bad for the sport. Bad for college football. But at the end of the day... they gotta learn how to lose, man. You can't be fighting and stuff just cause you lost a game." Mullings went on to call the Ohio State players "classless" for their actions that led to the unfortunate scene. "We had 60 minutes, we had four quarters to do all that fighting, and now people want to talk and fight," Mullings added. "That's wrong. You know, it's just bad for the game. Classless, in my opinion. People got to be better." "You hate to see stuff like that after the game. It's just bad for the sport, bad for CFB... They gotta learn how to lose man. You can't be fighting." @JennyTaft speaks with Michigan's Kalel Mullings after a fight broke out between Ohio State and Michigan after the game ⬇️ pic.twitter.com/z6rmxu2YJQ Mullings, the senior out of West Roxbury, Massachusetts, was arguably the best player on the field in the rivalry game. He recorded 32 carries for 116 yards and the Wolverines' lone touchdown of the day. Mullings also nearly doubled the output of quarterback Davis Warren, who only threw for 62 yards. Michigan (7-5, 5-4 in Big 10 play) will enter its bowl game with an extra confidence boost. However, its chances to defend its national championship from a season ago are long gone. Meanwhile, Ohio State (10-2, 7-2 in Big 10 play) is likely out of the Big 10 Championship Game, barring a miracle. Still, the Buckeyes should be planning on a College Football Playoff appearance in the first year with a 12-team format. Related: Police Appear to Use Pepper Spray on Michigan, Ohio State Players During Brawl
Touchless trash cans are one of the latest innovations in automated kitchen technology. They use infrared motion sensors to automatically lift the lid, allowing users to dispose of trash without touching the can. This hands-free operation makes them not only efficient and easy to use but also improves kitchen hygiene as it helps reduce contact with germs, bacteria and parasites that are often found in household waste. Choosing the ideal touchless trash can for your home will depend on several factors, from the number of people in your household to the shape, size and material that best suits your decor. As with regular trash cans, there are many different shapes and styles available. The most common shapes are round, oval, square or rectangular. While shape can play a factor in determining which trash can to get, it is more important to find the right size trash can for your space. A 13-gallon trash can is standard for a kitchen. However, a smaller 5- to 10-gallon option would be better if you want to place it in a cabinet. For large families that generate a lot of waste, a larger 20 to 30-gallon trash can may be preferable. The most common materials are either metal or plastic. While plastic is certainly the cheaper option, metal trash cans are more durable. A stainless steel trash can is a good option, as it will match kitchen appliances and won’t rust or tarnish with time. However, metal trash cans are more pricey, retailing between $100 and $200, depending on their size and features. There are only two choices when it comes to a power source: battery or mains. A mains-powered trash can requires a permanent power source, restricting its location options. Battery-powered trash cans can be placed wherever you like and are particularly suitable for bathrooms. Look for a model that gives a warning when the batteries need replacing to avoid any inconvenience. The features of a trash can significantly impact the price, so it is important to decide which features you would like. Some trash cans have carbon filters that absorb unpleasant odors; however, remember that the filters must be replaced periodically. Other trash cans may feature a locking mechanism, which is handy if you have pets or small children because the lid will remain closed even if it’s knocked over. simplehuman 45 Liter / 12 Gallon Semi-Round Automatic Sensor Trash Can What you need to know: An elegant-looking option available in a range of metallic and colored finishes. What you’ll love: It has a smooth and quiet motor. The surface is protected with an antimicrobial coating that inhibits the growth of bacteria. What you should consider : At 36 inches tall, it’s too big to fit inside a cabinet. iTouchless 13 Gallon Kitchen Trash Can with Lid and Odor Filter What you need to know: It is available in a range of shapes and sizes, and it has a fingerprint-proof stainless steel body. What you’ll love: A choice of either battery or mains power provides versatility. It has a built-in natural carbon odor filter and a lockable lid. What you should consider : It doesn’t come with batteries or a mains adapter. SensorCan MT04SS-9 Touchless Trash Can What you need to know: With a 4-gallon capacity, this trash can is ideal for use in a kitchen cabinet or a bathroom. What you’ll love: It effectively filters odors and comes with a lemon-scented fragrance cartridge. What you should consider : Although the body is made from metal, the lid is made from plastic, so it may not be as durable. iTouchless 16 Gallon Touchless Sensor Kitchen Trash Can and Recycle Bin with Wheels What you need to know: This versatile option makes separating your recyclables from your waste easy because it has two removable inner buckets with handles. What you’ll love: This trash can can be powered by batteries or an AC adapter. It can be easily moved around the kitchen with optional casters. What you should consider : The battery compartment is below the trash level, so you need to be careful to avoid getting the batteries wet. Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links.None
Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.8% Wednesday to break a two-day losing streak and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average lagged with a dip of 0.2%. Stocks got a boost as expectations built that the Fed will deliver another cut to interest rates at its meeting next week. On Wednesday: The S&P 500 rose 49.28 points, or 0.8%, to 6,084.19. The Dow Jones Industrial Average fell 99.27 points, or 0.2%, to 44,148.56. The Nasdaq composite rose 347.65 points, or 1.8%, to 20,034.89. The Russell 2000 index of smaller companies rose 11.38 points, or 0.5%, to 2,394.16. For the week: The S&P 500 is down 6.08 points, or 0.1%. The Dow is down 493.96 points, or 1.1%. The Nasdaq is up 175.12 points, or 0.9%. The Russell 2000 is down 14.84 points, or 0.6%. For the year: The S&P 500 is up 1,314.36 points, or 27.6%. The Dow is up 6,459.02 points, or 17.1%. The Nasdaq is up 5,023.54 points, or 33.5%. The Russell 2000 is up 367.09 points, or 18.1%.
Vladimir Zakharov/iStock via Getty Images Vanguard S&P 500 ETF ( NYSEARCA: VOO ) shares snapped seven straight sessions of gains, as the stock closed 0.3% lower, at $550.50 on Wednesday. The ETF gained 2.14% in the preceding seven straight sessions. The stock has gained more than 26% so far this year, in-line
ZURICH — Saudi Arabia was officially confirmed Wednesday by FIFA as host of the 2034 World Cup in men's soccer, giving the oil-rich kingdom its biggest prize yet for massive spending on global sports driven by Crown Prince Mohammed bin Salman. The Saudi bid was the only candidate and was acclaimed by the applause of more than 200 FIFA member federations. They took part remotely in an online meeting hosted in Zurich by the soccer body's president Gianni Infantino. "The vote of the congress is loud and clear," said Infantino, who had asked officials on a bank of screens to clap their hands at head level to show their support. The decision was combined with approving the only candidate to host the 2030 World Cup. Spain, Portugal and Morocco will co-host in a six-nation project, with Argentina, Paraguay and Uruguay each getting one of the 104 games. The South American connection will mark the centenary of Uruguay hosting the first World Cup in 1930. The decisions complete a mostly opaque 15-month bid process which Infantino helped steer toward Saudi Arabia without a rival candidate, without taking questions, and which human rights groups warn will put the lives of migrant workers at risk. "We look forward to hosting an exceptional and unprecedented edition of the FIFA World Cup by harnessing our strengths and capabilities to bring joy to football fans around the world," Prince Mohammed said in a statement. FIFA and Saudi officials have said hosting the 2034 tournament can accelerate change, including more freedoms and rights for women, with Infantino on Wednesday calling the World Cup a "unique catalyst for positive social change and unity." "I fully trust our hosts to address all open points in this process, and deliver a World Cup that meets the world's expectations," the FIFA president said. An international collective of rights groups said FIFA made a "reckless decision" to approve Saudi Arabia without getting public assurances, and the Football Supporters Europe group said it was "the day football truly lost its mind." A fast-track path to victory was cleared last year by FIFA accepting the three-continent hosting plan for the 2030 World Cup. It meant only soccer federations in Asia and Oceania were eligible for the 2034 contest, and FIFA gave countries less than four weeks to declare a bid. Only Saudi Arabia did. The win will kick off a decade of scrutiny on Saudi labor laws and treatment of workers mostly from South Asia needed to help build and upgrade 15 stadiums, plus hotels and transport networks ahead of the 104-game tournament. Amnesty International said awarding the tournament to Saudi Arabia represents "a moment of great danger" for human rights. "FIFA's reckless decision to award the 2034 World Cup to Saudi Arabia without ensuring adequate human rights protections are in place will put many lives at risk," said Steve Cockburn, Amnesty International's Head of Labor Rights and Sport." One of the stadiums is planned to be 350 meters (yards) above the ground in Neom — a futuristic city that does not yet exist — and another named for the crown prince is designed to be atop a 200-meter cliff near Riyadh. During the bid campaign, FIFA has accepted limited scrutiny of Saudi Arabia's human rights record that was widely criticized this year at the United Nations. Saudi and international rights groups and activists warned FIFA it has not learned the lessons of Qatar's much-criticized preparations to host the 2022 World Cup. "At every stage of this bidding process, FIFA has shown its commitment to human rights to be a sham," Cockburn said. The kingdom plans to spend tens of billion of dollars on projects related to the World Cup as part of the crown prince's sweeping Vision 2030 project that aims to modernize Saudi society and economy. At its core is spending on sports by the $900 billion sovereign wealth operation, the Public Investment Fund, which he oversees. "It's amazing. The infrastructure, the stadiums, the conditions for the fans and everything. After what I see, I'm more convinced that 2034 will be the best World Cup ever," Cristiano Ronaldo said in a recorded package posted on X. The five-time Ballon d'Or winner has been part of Saudi Arabia's lavish spending on soccer — stunning the sport when agreeing to sign for Al Nassr in 2022 for a record-breaking salary reportedly worth up to $200 million a year. Critics have accused Saudi Arabia of "sportswashing" the kingdom's reputation. The prince, known as MBS, has built close working ties to Infantino since 2017 — aligning with the organizer of sport's most-watched event rather than directly confronting the established system as it did with the disruptive LIV Golf project. The result for Saudi Arabia and FIFA has been smooth progress toward the win Wednesday with limited pushback from soccer officials, though some from women international players. The steady flow of Saudi cash into international soccer is set to increase. FIFA created a new and higher World Cup sponsor category for state oil firm Aramco, and Saudi funding is set to underwrite the 2025 Club World Cup in the United States that is a pet project for Infantino. North American soccer body CONCACAF signed a multi-year deal with PIF, Saudi stadiums host Super Cup games for Italy and Spain, and nearly 50 FIFA member federations have signed working agreements with Saudi counterparts. Lavish spending by PIF-owned Saudi clubs in the past two years buying and paying players – including Cristiano Ronaldo, Neymar, Karim Benzema and Sadio Mané – put hundreds of millions of dollars into European soccer. That influence could be key in talks to agree which months to play the 2034 World Cup. The November-December slot taken by Qatar in 2022 to avoid extreme midsummer heat is complicated in 2034 by the holy month of Ramadan through mid-December and Riyadh hosting the multi-sport Asian Games. Still, January 2034 could be an option — and likely better for European clubs and leagues —after the International Olympic Committee said it saw few issues in clashing with the Salt Lake Winter Games opening Feb. 10, 2034. The IOC also has a major commercial deal with Saudi Arabia, to host the new Esports Olympics. Get local news delivered to your inbox!ZURICH — Saudi Arabia was officially confirmed Wednesday by FIFA as host of the 2034 World Cup in men's soccer, giving the oil-rich kingdom its biggest prize yet for massive spending on global sports driven by Crown Prince Mohammed bin Salman. The Saudi bid was the only candidate and was acclaimed by the applause of more than 200 FIFA member federations. They took part remotely in an online meeting hosted in Zurich by the soccer body's president Gianni Infantino. "The vote of the congress is loud and clear," said Infantino, who had asked officials on a bank of screens to clap their hands at head level to show their support. The decision was combined with approving the only candidate to host the 2030 World Cup. Spain, Portugal and Morocco will co-host in a six-nation project, with Argentina, Paraguay and Uruguay each getting one of the 104 games. The South American connection will mark the centenary of Uruguay hosting the first World Cup in 1930. The decisions complete a mostly opaque 15-month bid process which Infantino helped steer toward Saudi Arabia without a rival candidate, without taking questions, and which human rights groups warn will put the lives of migrant workers at risk. "We look forward to hosting an exceptional and unprecedented edition of the FIFA World Cup by harnessing our strengths and capabilities to bring joy to football fans around the world," Prince Mohammed said in a statement. FIFA and Saudi officials have said hosting the 2034 tournament can accelerate change, including more freedoms and rights for women, with Infantino on Wednesday calling the World Cup a "unique catalyst for positive social change and unity." "I fully trust our hosts to address all open points in this process, and deliver a World Cup that meets the world's expectations," the FIFA president said. An international collective of rights groups said FIFA made a "reckless decision" to approve Saudi Arabia without getting public assurances, and the Football Supporters Europe group said it was "the day football truly lost its mind." A fast-track path to victory was cleared last year by FIFA accepting the three-continent hosting plan for the 2030 World Cup. It meant only soccer federations in Asia and Oceania were eligible for the 2034 contest, and FIFA gave countries less than four weeks to declare a bid. Only Saudi Arabia did. The win will kick off a decade of scrutiny on Saudi labor laws and treatment of workers mostly from South Asia needed to help build and upgrade 15 stadiums, plus hotels and transport networks ahead of the 104-game tournament. Amnesty International said awarding the tournament to Saudi Arabia represents "a moment of great danger" for human rights. "FIFA's reckless decision to award the 2034 World Cup to Saudi Arabia without ensuring adequate human rights protections are in place will put many lives at risk," said Steve Cockburn, Amnesty International's Head of Labor Rights and Sport." One of the stadiums is planned to be 350 meters (yards) above the ground in Neom — a futuristic city that does not yet exist — and another named for the crown prince is designed to be atop a 200-meter cliff near Riyadh. During the bid campaign, FIFA has accepted limited scrutiny of Saudi Arabia's human rights record that was widely criticized this year at the United Nations. Saudi and international rights groups and activists warned FIFA it has not learned the lessons of Qatar's much-criticized preparations to host the 2022 World Cup. "At every stage of this bidding process, FIFA has shown its commitment to human rights to be a sham," Cockburn said. The kingdom plans to spend tens of billion of dollars on projects related to the World Cup as part of the crown prince's sweeping Vision 2030 project that aims to modernize Saudi society and economy. At its core is spending on sports by the $900 billion sovereign wealth operation, the Public Investment Fund, which he oversees. "It's amazing. The infrastructure, the stadiums, the conditions for the fans and everything. After what I see, I'm more convinced that 2034 will be the best World Cup ever," Cristiano Ronaldo said in a recorded package posted on X. The five-time Ballon d'Or winner has been part of Saudi Arabia's lavish spending on soccer — stunning the sport when agreeing to sign for Al Nassr in 2022 for a record-breaking salary reportedly worth up to $200 million a year. Critics have accused Saudi Arabia of "sportswashing" the kingdom's reputation. The prince, known as MBS, has built close working ties to Infantino since 2017 — aligning with the organizer of sport's most-watched event rather than directly confronting the established system as it did with the disruptive LIV Golf project. The result for Saudi Arabia and FIFA has been smooth progress toward the win Wednesday with limited pushback from soccer officials, though some from women international players. The steady flow of Saudi cash into international soccer is set to increase. FIFA created a new and higher World Cup sponsor category for state oil firm Aramco, and Saudi funding is set to underwrite the 2025 Club World Cup in the United States that is a pet project for Infantino. North American soccer body CONCACAF signed a multi-year deal with PIF, Saudi stadiums host Super Cup games for Italy and Spain, and nearly 50 FIFA member federations have signed working agreements with Saudi counterparts. Lavish spending by PIF-owned Saudi clubs in the past two years buying and paying players – including Cristiano Ronaldo, Neymar, Karim Benzema and Sadio Mané – put hundreds of millions of dollars into European soccer. That influence could be key in talks to agree which months to play the 2034 World Cup. The November-December slot taken by Qatar in 2022 to avoid extreme midsummer heat is complicated in 2034 by the holy month of Ramadan through mid-December and Riyadh hosting the multi-sport Asian Games. Still, January 2034 could be an option — and likely better for European clubs and leagues —after the International Olympic Committee said it saw few issues in clashing with the Salt Lake Winter Games opening Feb. 10, 2034. The IOC also has a major commercial deal with Saudi Arabia, to host the new Esports Olympics. Get local news delivered to your inbox!
England and USA women play out Wembley stalemate-- Reduces total emissions by approximately 14 percent since base year -- -- Decreases water withdrawal by approximately 17 percent since base year -- -- Achieves lost-time injury rate of 0.28, representing an approximate 32 percent reduction from prior year -- MORRISVILLE, N.C. , Dec. 11, 2024 /PRNewswire/ -- Pyxus International, Inc. (OTC Pink: PYYX), a global value-added agricultural company, today published its Fiscal Year 2024 Sustainability Report detailing the measurable impacts of the Company's sustainability initiatives as it progresses toward achieving its global targets. "Fiscal year 2024 was an exceptional year for Pyxus and this report highlights the positive impacts of our environmental and social initiatives, including collaboration with our contracted growers to reduce scope 3 emissions, improvement of our employee health and safety practices, and providing support to those in need," said Pyxus President and CEO Pieter Sikkel . "We remain committed to viewing all aspects of our business through a sustainable lens, helping us progress against our targets while delivering value to our stakeholders, the environment and the communities in which we operate." Notable fiscal year 2024 sustainability achievements include: Minimal Environmental Impact Support for People and Communities Ethical and Responsible Business In preparation of this year's report, Pyxus externally verified 11 global key performance indicators (KPIs) associated with its targets, up from three KPIs in the prior year. The report was prepared with reference to Global Reporting Initiative (GRI) Standards, aligns with the United Nations Sustainable Development Goals and discloses the Company's sustainability performance from April 1, 2023 , to March 31, 2024 . About Pyxus International, Inc. Pyxus International, Inc. is a global agricultural company with more than 150 years of experience delivering value-added products and services to businesses and customers. Driven by a united purpose—to transform people's lives, so that together we can grow a better world—Pyxus International, its subsidiaries and affiliates, are trusted providers of responsibly sourced, independently verified, sustainable, and traceable products and ingredients. For more information, visit www.pyxus.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/pyxus-releases-fiscal-year-2024-sustainability-report-302329534.html SOURCE Pyxus International, Inc.Jefferson keeps seeing double as Vikings aim to stay focused on overall offensive production
Liam Blair had his sights set on another record-breaking short-course season. Login or signup to continue reading But the talented young swimmer did not expect to finish it with his name against so many new state marks. The recently turned 12-year-old claimed the honour of clocking the fastest ever NSW short course time in 100 metres freestyle for a 10-year-old boy last year. This year, he set new NSW marks for the under-11 boys 200m and 400m freestyle. Confirmation of state records are released at the conclusion of the short-course season and, in all, Blair finished with 10 to his name in NSW Swimming events. The 10 records were officially recognised with a letterbox full of certificates last week. At the NSW Country Championships in July, he broke the NSW Country, NSW and NSW All-comers records for under-11 boys 200m freestyle. Blair broke a further five NSW Country records at the same carnival in 50m and 100m freestyle, 50m and 100m backstroke and 100m Individual Medley. In September at the NSW Junior State Championships he clocked the fastest NSW and NSW All-comers times on record in the under-11 boys 400m freestyle. "The 200 free and the 100 free were the main records I was hoping to get," Blair said. "I didn't get the 100 but I got the 200 and the 400, which was another one I was hoping for. "I knew the certificates were coming but I didn't know how many, so when 10 showed up, I was like, 'Wow.'" It was not only his home state of NSW where the Warners Bay Public School year-six student had success. Blair also managed to break the Queensland All-comers record for his age in the 200m freestyle at the PSSA All Schools National Championships on the Gold Coast in July. It was a mark that had stood for 24 years. Now, the Novocastrian Swim Club competitor and Swansea-Belmont nipper turns his focus to the long-course swimming calendar and another strong surf-lifesaving season. "In the nippers season my goal is to win my fourth state swim in a row," Blair said. "For long-course swimming, I want to try to break a record because I don't think I've got a long-course record." Blair, the son of former national ironman series competitor Josh Blair, made a strong start to the 2024-25 nippers season, winning his age-group race at the Coolangatta Gold Youth Challenge on the Gold Coast on October 12 for the second year in a row. "For the first one I was pretty proud because I made a bet with my dad, I just had to get top four because my dad got fifth when he first did it," he said. Renee Valentine is a sports journalist with more than 20 years of experience in Newcastle. She is passionate about increasing the visibility of sportswomen in the media. Got a sports story, email Renee at r.valentine@newcastleherald.com.au Renee Valentine is a sports journalist with more than 20 years of experience in Newcastle. She is passionate about increasing the visibility of sportswomen in the media. Got a sports story, email Renee at r.valentine@newcastleherald.com.au DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Get the latest property and development news here. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. WEEKLY Follow the Newcastle Knights in the NRL? Don't miss your weekly Knights update. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!AP News Summary at 10:56 a.m. EST
US briefed Ukraine ahead of Putin's 'experimental Intermediate-range ballistic' attack
The official spokesperson for the Ministry of Health and Population Hossam Abdel-Ghaffar announced details on the extended-release for the first locally produced batch of insulin “Glargine”, in cooperation between the Egyptian company Eva Pharma and the international company Eli Lilly. During a phone interview with the “Al-Hayat” satellite channel, on Tuesday evening, Abdel-Ghaffar said that launching the first batch of locally manufactured insulin is an important step towards enhancing and support the pharmaceutical industry in Egypt. This move is a milestone, he noted, as for the first time insulin is being produced as pens inside Egypt, after it was previously produced only in the form of injections. This achievement reflects Egypt’s ability to manufacture vital medicines locally and meet the needs of the Egyptian market for insulin, he said, noting that this industry was previously heavily dependent on imports. Approximately 15 percent of Egyptians suffer from diabetes, which makes the provision of local insulin an urgent necessity to meet the needs of patients in Egypt. There is a noticeable difference between the prices of imported and local insulin, he explained, as this step contributes to improving the economic situation and reducing the financial burden on citizens due to the high prices of imported medicines. He added that manufacturing insulin locally will contribute to reducing dependence on foreign currencies, thus reducing the hard currency consumption bill, in addition to providing insulin at much lower prices compared to imported products. The ministry is working to implement tangible steps to achieve the goal of localizing the pharmaceutical industry in Egypt by the end of 2025, he said. There is also ongoing cooperation with some major countries in the pharmaceutical industry such as India and China to transfer their technology and expertise to Egypt, he added.With shares up 38% since Nov. 5, Tesla ( TSLA 3.69% ) has been a huge beneficiary of Trump's presidential election victory. CEO Elon Musk played a key role in the campaign, and many investors believe his company stands to benefit from the new economic and regulatory framework. That said, Tesla's situation isn't all peaches and cream. Let's discuss some pros and cons of investing in the stock. Core automotive operations have matured While Tesla benefited tremendously from being an early mover to the electric vehicle (EV) opportunity, its edge in brand recognition and technology seems to be stalling. Third-quarter revenue grew by a measly 2% year over year to $20 billion -- a far cry from the 74% growth the company posted in the corresponding quarter three years ago. To be fair, Tesla is a victim of its own success. The company's Model Y is the best-selling car on the planet, beating out established mass-market rivals like the Toyota Corolla or Rav4. The company's sheer scale will make it challenging to generate continued growth because most people who want a Tesla vehicle probably already have one. The good news is that Tesla is still an exceptionally well-managed, lean business capable of maintaining its margins. Despite the flat revenue, the company increased its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) by 24% to $4.7 billion. While the automotive business no longer looks like a key growth driver, it can serve as a stable cash cow as management pivots to other opportunities. What does Trump's reelection mean for Tesla? Elon Musk stumped for the Trump campaign and donated at least $132 million to the effort through his super PAC, America PAC. However, while Trump's victory has led to a surge in Tesla stock, it is unclear how the new administration's policies will impact the company's top and bottom lines. According to Reuters, Trump's transition team aims to end the Biden-era tax credit for EVs. This $7,500 subsidy makes electric cars more affordable relative to their gas-consuming peers, likely helping their sales. Trump has also promised to cut back on outsourced manufacturing, which could run contrary to Tesla's ambition to build a new factory in Mexico. All that said, Musk still seems confident in America's Trump-led future. And while the loss of subsidies could hurt demand for Tesla cars, Musk's company may be better able to compete in a more competitive environment because of its economies of scale and manufacturing expertise. The Trump administration could also ease some regulations around Tesla's other growth opportunities like self-driving cars, robotics, and artificial intelligence. These businesses could become increasingly important for Tesla as its EV growth continues to slow down. The valuation seems far too optimistic All in all, Tesla seems to be in a pretty neutral situation: not particularly good or bad. Core automotive growth has slowed dramatically, but margins and profitability remain strong. And while nonautomotive opportunities (like self-driving cars) could become key growth drivers, it could take years or even decades for that story to play out. Trump's election victory also doesn't seem likely to significantly impact Tesla's near-term prospects. So, the recent rally seems overdone. With a forward price-to-earnings (P/E) multiple of 103, Tesla's valuation looks very out of line with the company's fundamentals. And while it is still a fantastic company, it isn't a buy at this price. Investors should wait for a better entry point before considering a position in the stock.ZURICH — Saudi Arabia was officially confirmed Wednesday by FIFA as host of the 2034 World Cup in men's soccer, giving the oil-rich kingdom its biggest prize yet for massive spending on global sports driven by Crown Prince Mohammed bin Salman. The Saudi bid was the only candidate and was acclaimed by the applause of more than 200 FIFA member federations. They took part remotely in an online meeting hosted in Zurich by the soccer body's president Gianni Infantino. "The vote of the congress is loud and clear," said Infantino, who had asked officials on a bank of screens to clap their hands at head level to show their support. The decision was combined with approving the only candidate to host the 2030 World Cup. Spain, Portugal and Morocco will co-host in a six-nation project, with Argentina, Paraguay and Uruguay each getting one of the 104 games. The South American connection will mark the centenary of Uruguay hosting the first World Cup in 1930. The decisions complete a mostly opaque 15-month bid process which Infantino helped steer toward Saudi Arabia without a rival candidate, without taking questions, and which human rights groups warn will put the lives of migrant workers at risk. "We look forward to hosting an exceptional and unprecedented edition of the FIFA World Cup by harnessing our strengths and capabilities to bring joy to football fans around the world," Prince Mohammed said in a statement. FIFA and Saudi officials have said hosting the 2034 tournament can accelerate change, including more freedoms and rights for women, with Infantino on Wednesday calling the World Cup a "unique catalyst for positive social change and unity." "I fully trust our hosts to address all open points in this process, and deliver a World Cup that meets the world's expectations," the FIFA president said. An international collective of rights groups said FIFA made a "reckless decision" to approve Saudi Arabia without getting public assurances, and the Football Supporters Europe group said it was "the day football truly lost its mind." A fast-track path to victory was cleared last year by FIFA accepting the three-continent hosting plan for the 2030 World Cup. It meant only soccer federations in Asia and Oceania were eligible for the 2034 contest, and FIFA gave countries less than four weeks to declare a bid. Only Saudi Arabia did. The win will kick off a decade of scrutiny on Saudi labor laws and treatment of workers mostly from South Asia needed to help build and upgrade 15 stadiums, plus hotels and transport networks ahead of the 104-game tournament. Amnesty International said awarding the tournament to Saudi Arabia represents "a moment of great danger" for human rights. "FIFA's reckless decision to award the 2034 World Cup to Saudi Arabia without ensuring adequate human rights protections are in place will put many lives at risk," said Steve Cockburn, Amnesty International's Head of Labor Rights and Sport." One of the stadiums is planned to be 350 meters (yards) above the ground in Neom — a futuristic city that does not yet exist — and another named for the crown prince is designed to be atop a 200-meter cliff near Riyadh. During the bid campaign, FIFA has accepted limited scrutiny of Saudi Arabia's human rights record that was widely criticized this year at the United Nations. Saudi and international rights groups and activists warned FIFA it has not learned the lessons of Qatar's much-criticized preparations to host the 2022 World Cup. "At every stage of this bidding process, FIFA has shown its commitment to human rights to be a sham," Cockburn said. The kingdom plans to spend tens of billion of dollars on projects related to the World Cup as part of the crown prince's sweeping Vision 2030 project that aims to modernize Saudi society and economy. At its core is spending on sports by the $900 billion sovereign wealth operation, the Public Investment Fund, which he oversees. "It's amazing. The infrastructure, the stadiums, the conditions for the fans and everything. After what I see, I'm more convinced that 2034 will be the best World Cup ever," Cristiano Ronaldo said in a recorded package posted on X. The five-time Ballon d'Or winner has been part of Saudi Arabia's lavish spending on soccer — stunning the sport when agreeing to sign for Al Nassr in 2022 for a record-breaking salary reportedly worth up to $200 million a year. Critics have accused Saudi Arabia of "sportswashing" the kingdom's reputation. The prince, known as MBS, has built close working ties to Infantino since 2017 — aligning with the organizer of sport's most-watched event rather than directly confronting the established system as it did with the disruptive LIV Golf project. The result for Saudi Arabia and FIFA has been smooth progress toward the win Wednesday with limited pushback from soccer officials, though some from women international players. The steady flow of Saudi cash into international soccer is set to increase. FIFA created a new and higher World Cup sponsor category for state oil firm Aramco, and Saudi funding is set to underwrite the 2025 Club World Cup in the United States that is a pet project for Infantino. North American soccer body CONCACAF signed a multi-year deal with PIF, Saudi stadiums host Super Cup games for Italy and Spain, and nearly 50 FIFA member federations have signed working agreements with Saudi counterparts. Lavish spending by PIF-owned Saudi clubs in the past two years buying and paying players – including Cristiano Ronaldo, Neymar, Karim Benzema and Sadio Mané – put hundreds of millions of dollars into European soccer. That influence could be key in talks to agree which months to play the 2034 World Cup. The November-December slot taken by Qatar in 2022 to avoid extreme midsummer heat is complicated in 2034 by the holy month of Ramadan through mid-December and Riyadh hosting the multi-sport Asian Games. Still, January 2034 could be an option — and likely better for European clubs and leagues —after the International Olympic Committee said it saw few issues in clashing with the Salt Lake Winter Games opening Feb. 10, 2034. The IOC also has a major commercial deal with Saudi Arabia, to host the new Esports Olympics. Get local news delivered to your inbox!