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The Energy Commission of Nigeria has raised the alarm about the police arrest of its workers at the construction site of the multi-billion Naira “Renewed Hope” Bio-Methanol Pilot Plant located at Akure, in the Nkanu West Local Area of the state. The commission, an agency under the Ministry of Innovation, Science and Technology, while briefing journalists in Enugu on Sunday, said the arrest of construction workers happened on Friday, and police in Enugu State have refused to release them. An official of the Commission, Mr E. Okeke, who briefed journalists, accused the state government of being behind the arrest, adding that work had stopped at the site. Okeke stated that the police, following the alleged directives of the state governor, Peter Mbah, invaded the site and arrested seven construction workers. The methanol plant, said to be worth more than N40 billion, is the first of its kind in West Africa and was personally brought by President Bola Tinubu for the people of the South East and sited in Nkanuland, which is the homeland of Governor Peter Mbah and Uche Nnaji, the Minister of Innovation, Science and Technology. He said that the police stormed the site in the company of the council chairmen of Nkanu East and Nkanu West and arrested the workers. Okeke gave the names of those arrested as Ambrose Edeh, Chibuike Edeh, Monday Nwodo, Obinna Samuel, Ebuka Chukwurah, Chibuike Okereke, and Maduabuchi Okoro. He said, “The police officers also removed batteries of the earth-moving machines at the site, in order to stall the construction activities. “The construction workers arrested were detained briefly at RRS Govt House Enugu and later moved to Anti Kidnapping section at Independence Layout, Enugu and around midnight moved to State CID.” However, when higher federal government authorities were contacted, they made unsuccessful attempts to reach the officials of the Nigerian police at Enugu. But when they contacted the Inspector General of Police, Kayode Egbetokun, he quickly swung into action and ordered the immediate release of the detainees. Related News Enugu gov commits over N2bn to ESUTH upgrade, student hostels Enugu women hold road walk against GBV Enugu, Austrian firm sign $100m water infrastructure deal Sources around the local government told journalists that Nkanu leaders were angry with the action of the state government for trying to frustrate federal government investment in their land. The land where the project was located was properly donated to the federal government by the community for the project, according to leaders of the community, who displayed a document to that effect. The N40 billion Naira bio methanol project, when operational, is expected to solve most of the industrial needs of Nigeria and Africa. It is also one of the biggest projects in the entire South-East by President Bola Tinubu’s administration. One of the elders of the host community, Chief John Ogbodo, who spoke to journalists at the site, said that it was obvious action of the state government was politically motivated since the project was attracted by Chief Uche Nnaji, the governorship candidate of the All Progressives Congress (APC) in Enugu State during the 2023 general elections. The methanol project, in addition to a similar project, the N60 billion Solar PV project (for production of solar panels) also attracted to the area by the minister, has the combined capacity to provide employment to tens of thousands of Enugu state youths and change the economy of Enugu and the South East in general. Some community elders alleged that it was obvious the state government was glittery and hence wanted to frustrate the projects because of the likely impact come 2027. Efforts by our correspondent to speak with the Enugu State Police Command on the incident were unsuccessful as the command’s spokesperson, DSP Daniel Ndukwe, did not take his calls or respond to a text seeking his comment. Also, the executive chairman of Nkanu West LGA, John Ogbodo, who reportedly led the police to arrest the construction workers did not take his calls when contacted and had yet to respond to text messages seeking his comment. Efforts to get a reaction from the senior special assistant to the governor on media, Mr Dan Nwaome, were unsuccessful as he did not take his calls. At the time of filing this report, he was yet to respond to a text message seeking his comment.Nonefishing images 。

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Elastic ( NYSE:ESTC – Get Free Report ) had its price objective upped by equities researchers at DA Davidson from $75.00 to $115.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price would indicate a potential upside of 6.45% from the company’s current price. ESTC has been the subject of a number of other reports. William Blair raised Elastic from a “market perform” rating to an “outperform” rating in a research report on Monday, October 14th. TD Cowen decreased their price objective on Elastic from $110.00 to $80.00 and set a “hold” rating for the company in a report on Friday, August 30th. Stifel Nicolaus increased their target price on shares of Elastic from $98.00 to $132.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer boosted their price target on shares of Elastic from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Friday. Finally, Piper Sandler lifted their price objective on shares of Elastic from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Friday. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Elastic has a consensus rating of “Moderate Buy” and an average price target of $122.00. Get Our Latest Report on Elastic Elastic Stock Up 14.8 % Elastic ( NYSE:ESTC – Get Free Report ) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.54%. The company had revenue of $347.42 million during the quarter, compared to analysts’ expectations of $344.67 million. During the same period in the previous year, the company earned ($0.35) EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that Elastic will post -0.92 earnings per share for the current year. Insiders Place Their Bets In other news, CFO Janesh Moorjani sold 6,941 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $487,605.25. Following the sale, the chief financial officer now directly owns 195,550 shares of the company’s stock, valued at $13,737,387.50. This represents a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, CEO Ashutosh Kulkarni sold 19,649 shares of Elastic stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $1,380,342.25. Following the completion of the transaction, the chief executive officer now owns 432,648 shares of the company’s stock, valued at approximately $30,393,522. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here . In the last three months, insiders have sold 37,406 shares of company stock valued at $2,627,772. Company insiders own 15.90% of the company’s stock. Institutional Trading of Elastic A number of institutional investors and hedge funds have recently made changes to their positions in the business. Asset Dedication LLC grew its stake in Elastic by 1,333.3% in the 2nd quarter. Asset Dedication LLC now owns 301 shares of the company’s stock valued at $34,000 after acquiring an additional 280 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Elastic in the second quarter valued at about $40,000. Quarry LP purchased a new stake in shares of Elastic during the second quarter worth about $40,000. Lynx Investment Advisory acquired a new position in shares of Elastic during the 2nd quarter worth about $43,000. Finally, Signaturefd LLC lifted its stake in Elastic by 44.1% in the 2nd quarter. Signaturefd LLC now owns 389 shares of the company’s stock valued at $44,000 after buying an additional 119 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors. About Elastic ( Get Free Report ) Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. See Also Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter .

Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility NEW ORLEANS (AP) — The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically Jack Brook And Adrian Sainz, The Associated Press Dec 4, 2024 2:56 PM Dec 4, 2024 3:20 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - The Meta logo is seen at the Vivatech show in Paris, France, June 14, 2023. (AP Photo/Thibault Camus, File) NEW ORLEANS (AP) — The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state. Republican Gov. Jeff Landry called it “game-changing” for his state's expanding tech sector, yet some environmental groups have raised concerns over the amount of energy it would use — and whether it could lead to higher energy bills in the future. Meanwhile, Elon Musk's AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee, the city's chamber of commerce said Wednesday. The chamber also said that Nvidia, Dell, and Supermicro Computer will be “establishing operations in Memphis,” without offering further details. Louisiana is among a growing number of states seeking to lure big tech firms in need of energy-intensive data centers with tax credits and other incentives. The U.S. Commerce Department found that there aren’t enough data centers in the U.S. to meet the rising AI-fueled demand, which is projected to grow by 9% each year through 2030, citing industry reports. Meta anticipates its Louisiana data center will create 500 operational jobs and 5,000 temporary construction jobs, said Kevin Janda, director of data center strategy. At 4 million square feet (370,000 square meters), it will be the company's largest AI data center to date, he added. “We want to make sure we are having a positive impact on the local level,” Janda said. Congressional leaders and local representatives from across the political spectrum heralded the Meta facility as a boon for Richland parish, a rural part of Louisiana with a population of 20,000 historically reliant on agriculture. About one in four residents are considered to live in poverty and the parish has an employment rate below 50%, according to the U.S. census data. Meta plans to invest $200 million into road and water infrastructure improvements for the parish to offset its water usage. The facility is expected to be completed in 2030. Entergy, one of the nation's largest utilities providers, is fast-tracking plans to build three natural gas power plants in Louisiana capable of generating 2,262 megawatts for Meta's data center over a 15 year period — nearly one-tenth of Entergy's existing energy capacity across four states. The Louisiana Public Service Commission is weighing Entergy's proposal as some environmental groups have opposed locking the state into more fossil fuel-based energy infrastructure. Meta said it plans to help bring 1,500 megawatts of renewable energy onto the grid in the future. Louisiana residents may ultimately end up with rate increases to pay off the cost of operating these natural gas power plants when Meta's contract with Entergy expires, said Jessica Hendricks, state policy director for the Alliance for Affordable Energy, a Louisiana-based nonprofit advocating for energy consumers. “There’s no reason why residential customers in Louisiana need to pay for a power plant for energy that they’re not going to use," Hendricks said. "And we want to make sure that there’s safeguards in place.” Public service commissioner Foster Campbell, who represents northeast Louisiana, said he does not believe the data center will increase rates for Louisianians and views it as vital for his region. “It’s going in one of the most needed places in Louisiana and maybe one of the most needed places in the United States of America,” Foster said. “I’m for it 100%.” Environmental groups have also warned of the pollution generated from Musk's AI data center in Memphis. The Southern Environmental Law Center, among others, says the supercomputer could strain the power grid, prompting attention from the Environmental Protection Agency. Eighteen gas turbines currently running at xAI’s south Memphis facility are significant sources of ground-level ozone, better known as smog, the group said. Patrick Anderson, an attorney at the law center, said xAI has operated with “a stunning lack of transparency” in developing its South Memphis facility, which is located near predominantly Black neighborhoods that have long dealt with pollution and health risks from factories and other industrial sites. “Memphians deserve to know how xAI will affect them,” he said, “and should have a seat at the table when these decisions are being made.” _____ Sainz reported from Memphis, Tennessee. Associated Press writer Matt O’Brien in Providence, Rhode Island, contributed to this report. _____ Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96 Jack Brook And Adrian Sainz, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Science News Alberta minister wants to see $100B in data centre infrastructure in next five years Dec 4, 2024 3:47 PM Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility Dec 4, 2024 3:33 PM Trump nominates cryptocurrency advocate Paul Atkins as SEC chair Dec 4, 2024 2:21 PM

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Clayton had seven rebounds for the Bobcats (3-5). Victor Searls scored 14 points and added seven rebounds. Jackson Paveletzke and Aidan Hadaway both scored 11 points. The Colonials (6-3) were led by Josh Omojafo, who recorded 15 points. Antallah Sandlin'El added 14 points for Robert Morris. Alvaro Folgueiras finished with 12 points and seven rebounds. The loss ended a six-game winning streak for the Colonials. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .49ers’ Isaac Guerendo gets his shot at lead runner in decimated backfield