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The world’s top war-crimes court issued arrest warrants Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas’ military chief, accusing them of crimes against humanity in connection with the 13-month war in Gaza. The warrants said there was reason to believe Netanyahu and former Defense Minister Yoav Gallant have used “starvation as a method of warfare” by restricting humanitarian aid and have intentionally targeted civilians in Israel’s campaign against Hamas in Gaza — charges Israeli officials deny. The action by the International Criminal Court came as the death toll from Israel’s campaign in Gaza passed 44,000 people, according to local health authorities, who say more than half of those killed were women and children. Their count does not differentiate between civilians and combatants. Experts say hunger has become widespread across Gaza and may have reached famine levels in the north of the territory, which is under siege by Israeli troops. Netanyahu condemned the warrant against him, saying Israel “rejects with disgust the absurd and false actions” by the court. In a statement released by his office, he said: “There is nothing more just than the war that Israel has been waging in Gaza.” Gallant, in a statement, said the decision "sets a dangerous precedent against the right to self-defense and moral warfare and encourages murderous terrorism.” The decision turns Netanyahu and the others into internationally wanted suspects and could further isolate them, putting them at risk of arrest when they travel abroad. Its practical implications could be limited since Israel and its major ally, the United States, are not members of the court. Still, the warrant marked the first time that a sitting leader of a major Western ally has been accused of war crimes and crimes against humanity by a global court of justice. It put Israel's allies, including some of its closest European friends, in an awkward position. Several leaders, including France, welcomed the court's decision and signaled they might arrest Netanyahu if he visited. The move “represents the most dramatic step yet in the court’s involvement in the conflict between Israel and Hamas," said Anthony Dworkin, senior policy fellow at the European Council on Foreign Relations. Israeli leaders, politicians and officials across the spectrum denounced the warrants and the ICC. The new defense minister, Israel Katz, who replaced Gallant earlier this month, said Thursday’s decision is “a moral disgrace, entirely tainted by antisemitism, and drags the international judicial system to an unprecedented low.” Human rights groups applauded the move. The warrants against both sides “break through the perception that certain individuals are beyond the reach of the law,” the associate international justice director at Human Rights Watch, Balkees Jarrah, said in a statement. The decision came six months after ICC Chief Prosecutor Karim Khan requested the warrants. The court issued a warrant for Mohammed Deif, head of Hamas’ armed wing, over the Oct. 7, 2023, attacks that triggered Israel’s offensive in Gaza. It said it found reasonable grounds to believe Deif was involved in murder, rape, torture and the taking of hostages amounting to war crimes and crimes against humanity. In the Hamas-led attack, militants stormed into southern Israel, killing 1,200 people — mostly civilians — and taking some 250 others hostage. Around 100 Israelis remain captive in Gaza, around a third of them believed to be dead. Khan withdrew requests for warrants for two other senior Hamas figures, Yahya Sinwar and Ismail Haniyeh, who have both since been killed. Israel says it also killed Deif in an airstrike, but Hamas has never confirmed his death. The warrants for Netanyahu and Gallant were issued by a three-judge panel in a unanimous decision. The panel said there were reasonable grounds to believe that both men bear responsibility for the war crime of starvation and the crimes against humanity of murder, persecution and other inhumane acts. The judges said the lack of food, water, electricity, fuel and specific medical supplies created conditions “calculated to bring about the destruction of part of the civilian population in Gaza,” including the deaths of children due to malnutrition and dehydration. They also found that by preventing hospital supplies and medicine from getting into Gaza, doctors were forced to operate, including performing amputations, without anesthesia or with unsafe means of sedation that led to “great suffering.” The judges also rejected an Israeli petition challenging the court’s jurisdiction on the grounds that Israel is not a member state in the tribunal. Despite the warrants, none of the suspects is likely to face judges in The Hague anytime soon. Member countries are required to detain suspects facing a warrant if they set foot on their soil, but the court has no way to enforce that. For example, Russian President Vladimir Putin, who is wanted on an ICC warrant for alleged war crimes in Ukraine, recently visited Mongolia, a member state in the court but also a Russian ally. He was not arrested. Still, the threat of arrest now complicates any travel abroad by Netanyahu and Gallant — including to close allies of Israel. EU foreign policy chief Josep Borrell said the warrants are binding on all 27 members countries of the European Union. France signaled it could arrest Netanyahu if he came to its territory. Foreign Ministry spokesman Christophe Lemoine called it a “complex legal issue” but said France supports the court’s actions. “Combating impunity is our priority,” he said. “Our response will align with these principles.” Hamas in a statement welcomed the warrants against Netanyahu and Gallant but made no mention of the one against Deif. Israel’s opposition leaders fiercely criticized the ICC’s move. Benny Gantz, a retired general and political rival to Netanyahu, said it showed “moral blindness” and was a “shameful stain of historic proportion that will never be forgotten.” Yair Lapid, another opposition leader, called it a “prize for terror.” Israel’s campaign has caused heavy destruction across Gaza, decimated parts of the territory and driven almost the entire population of 2.3 million people from their homes, leaving most dependent on aid to survive. Two days after Hamas’ attack on southern Israel, Gallant announced a total seal on Gaza, vowing not to let in food, fuel or other supplies. Under U.S. pressure, Israel began allowing a trickle of humanitarian aid to enter a few weeks later. Israel now says it puts no limit on the amount of supplies into Gaza. Still, the flow of food and other goods is at nearly the lowest levels of the war, and the U.N. and other groups have said Israeli military restrictions are largely to blame, along with widespread lawlessness that has led to theft of aid shipments. The case at the ICC is separate from another legal battle Israel is waging at the top U.N. court, the International Court of Justice, in which South Africa accuses Israel of genocide, an allegation Israeli leaders staunchly deny. Lawyers for Israel argued in court that the war in Gaza was a legitimate defense of its people and that it was Hamas militants who were guilty of genocide. Associated Press journalists Raf Casert in Brussels, Mike Corder in The Hague and Josef Federman in Jerusalem contributed to this report.NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
NEW YORK--(BUSINESS WIRE)--Dec 6, 2024-- Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration- 12/6/2024 Ex-Date- 12/16/2024 Record- 12/16/2024 Payable- 12/31/2024 National Funds Ticker Distribution Change From Prior Distribution * BYM $0.055500 - * BTA $0.049500 - .* MUA $0.055500 - * MUI $0.055000 - * BFK $0.050000 - * BKN $0.057000 - * BLE $0.054000 - BTT $0.046400 - * MHD $0.059500 - * MQT $0.051000 - .* MQY $0.058000 - * MUE $0.051000 - * MVT $0.054000 - .* MYD $0.054500 - * MYI $0.055500 - * MVF $0.036000 - BMN $0.093750 - State-Specific Funds Ticker Distribution Change From Prior Distribution * MUC $0.053500 - * BFZ $0.059000 - .* MIY $0.054500 - * MUJ $0.054000 - * MHN $0.051500 - * MYN $0.051200 - * BNY $0.051000 - * MPA $0.066000 - * BHV $0.051500 - Declaration- 12/6/2024 Ex-Date- 12/16/2024 Record- 12/16/2024 Payable- 12/23/2024 Fund Ticker Distribution Change From Prior Distribution * BBN $0.092900 - Declaration- 12/6/2024 Ex-Date- 12/16/2024 Record- 12/16/2024 Payable- 12/23/2024 Fund Ticker Distribution Change From Prior Distribution * BGT $0.120280 - * BHK $0.074600 - * BIT $0.123700 - * BKT $0.088200 - * BLW $0.113200 - * BTZ $0.083900 - * DSU $0.098730 - .* EGF $0.041000 - * FRA $0.123840 - * HYT $0.077900 - Declaration- 12/6/2024 Ex-Date- 12/16/2024 Record- 12/16/2024 Payable- 12/23/2024 Fund Ticker Distribution Change From Prior Distribution BMEZ $0.178090 0.001190 BSTZ $0.218000 0.002510 * BIGZ $0.086760 0.000430 Declaration- 12/6/2024 Ex-Date- 12/16/2024 Record- 12/16/2024 Payable- 12/23/2024 Fund Ticker Distribution Change From Prior Distribution BCAT $0.289190 0.000650 * ECAT $0.306840 0.001810 * In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), each of the Funds noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the “Closed-End Funds” section of . As applicable, the final determination of the source and tax characteristics of all distributions in 2024 will be made after the end of the year. BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) have adopted a managed distribution plan (a “Plan”) to support a level monthly distribution of income, capital gains and/or return of capital, or in the case of BMEZ, BSTZ, BIGZ, ECAT and BCAT a monthly distribution based on an annual rate of 12% (for BMEZ, BSTZ and BIGZ) and 20% (for ECAT and BCAT) of the Fund’s 12-month rolling average daily net asset value calculated 5 business days prior to declaration date of each distribution. The December 2024 distribution for each of BMEZ, BSTZ, BIGZ, ECAT and BCAT was calculated based on the average net asset value from 11/28/2023 to 11/27/2024. Below are the 12-month rolling average daily net asset values used to calculate BMEZ, BSTZ, BIGZ, ECAT and BCAT’s December distributions: BMEZ: $17.808095 BSTZ: $21.799921 BIGZ: $8.675040 ECAT: $18.410000 BCAT: $17.351032 Under its Plan, each Fund will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended (the “Code”). If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution. Each Fund’s estimated sources of the distributions paid as of November 29, 2024 and for its current fiscal year are as follows: Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BMEZ 1 $0.176900 $0 (0%) $0 (0%) $0 (0%) $0.176900 (100%) BSTZ 1 $0.215490 $0 (0%) $0 (0%) $0 (0%) $0.215490 (100%) BIGZ 1 $0.086330 $0 (0%) $0 (0%) $0 (0%) $0.086330 (100%) BCAT 1 $0.288540 $0.032627 (11%) $0 (0%) $0 (0%) $0.255913 (89%) ECAT 1 $0.305030 $0.015937 (5%) $0 (0%) $0 (0%) $0.289093 (95%) Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BMEZ 1 $1.512960 $0.040694 (3%) $0 (0%) $0 (0%) $1.472266 (97%) BSTZ 1 $1.801010 $0 (0%) $0 (0%) $0.619326 (34%) $1.181684 (66%) BIGZ 1 $0.747140 $0 (0%) $0 (0%) $0 (0%) $0.747140 (100%) BCAT 1 $2.359050 $0.244754 (10%) $0 (0%) $0 (0%) $2.114296 (90%) ECAT 1 $2.554050 $0.163438 (6%) $0 (0%) $0 (0%) $2.390612 (94%) 1 The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share. Fund Average annual total return (in relation to NAV) for the 5-year period ending on 10/31/2024 Annualized current distribution rate expressed as a percentage of NAV as of 10/31/2024 Cumulative total return (in relation to NAV) for the fiscal year through 10/31/2024 Cumulative fiscal year distributions as a percentage of NAV as of 10/31/2024 BMEZ* 5.15% 12.30% 4.83% 7.74% BSTZ 11.57% 11.80% 11.18% 7.24% BIGZ* (14.24%) 12.60% (0.66%) 8.04% BCAT* 4.90% 20.66% 10.23% 12.35% ECAT* 6.70% 20.43% 12.89% 12.55% * Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 10/31/2024. BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE: BHK), BlackRock Multi-Sector Income Trust (NYSE: BIT), BlackRock Income Trust, Inc. (NYSE: BKT) and BlackRock Taxable Municipal Bond Trust (NYSE: BBN) have adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its investment objectives and as required by the Code. If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. Each of the above-listed Funds is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. Each Fund may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act. Each Fund’s estimated sources of the distributions paid as of November 29, 2024 and for its current fiscal year are as follows: Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital EGF 2 $0.041000 $0.030660 (75%) $0 (0%) $0 (0%) $0.010340 (25%) BKT 2 $0.088200 $0.040551 (46%) $0 (0%) $0 (0%) $0.047649 (54%) DSU 2 $0.098730 $0.077696 (79%) $0 (0%) $0 (0%) $0.021034 (21%) FRA 2 $0.123840 $0.096014 (78%) $0 (0%) $0 (0%) $0.027826 (22%) BBN 2 $0.092900 $0.084923 (91%) $0 (0%) $0 (0%) $0.007977 (9%) BGT 2 $0.120280 $0.091087 (76%) $0 (0%) $0 (0%) $0.029193 (24%) HYT 2 $0.077900 $0.065724 (84%) $0 (0%) $0 (0%) $0.012176 (16%) BTZ 2 $0.083900 $0.060993 (73%) $0 (0%) $0 (0%) $0.022907 (27%) BLW 2 $0.113200 $0.099226 (88%) $0 (0%) $0 (0%) $0.013974 (12%) BHK 2 $0.074600 $0.048859 (65%) $0 (0%) $0 (0%) $0.025741 (35%) BIT 2 $0.123700 $0.083688 (68%) $0 (0%) $0 (0%) $0.040012 (32%) Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital EGF 2 $0.451000 $0.331478 (73%) $0 (0%) $0 (0%) $0.119522 (27%) BKT 2 $0.970200 $0.375393 (39%) $0 (0%) $0 (0%) $0.594807 (61%) DSU 2 $1.086030 $0.814092 (75%) $0 (0%) $0 (0%) $0.271938 (25%) FRA 2 $1.362240 $1.085287 (80%) $0 (0%) $0 (0%) $0.276953 (20%) BBN 2 $1.021900 $0.834551 (82%) $0 (0%) $0 (0%) $0.187349 (18%) BGT 2 $1.323080 $0.982460 (74%) $0 (0%) $0 (0%) $0.340620 (26%) HYT 2 $0.856900 $0.660644 (77%) $0 (0%) $0 (0%) $0.196256 (23%) BTZ 2 $0.922900 $0.620538 (67%) $0 (0%) $0 (0%) $0.302362 (33%) BLW 2 $1.213400 $1.026867 (85%) $0 (0%) $0 (0%) $0.186533 (15%) BHK 2 $0.820600 $0.519873 (63%) $0 (0%) $0 (0%) $0.300727 (37%) BIT 2 $1.360700 $0.846067 (62%) $0 (0%) $0 (0%) $0.514633 (38%) 2 The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share. Fund Average annual total return (in relation to NAV) for the 5-year period ending on 10/31/2024 Annualized current distribution rate expressed as a percentage of NAV as of 10/31/2024 Cumulative total return (in relation to NAV) for the fiscal year through 10/31/2024 Cumulative fiscal year distributions as a percentage of NAV as 10/31/2024 EGF (1.59%) 4.90% 1.39% 4.08% BKT (1.52%) 8.78% 1.76% 7.32% DSU 6.42% 11.08% 7.55% 9.24% FRA 6.63% 11.46% 7.56% 9.55% BBN (0.57%) 6.35% 2.66% 5.29% BGT 6.71% 11.42% 7.65% 9.52% HYT 5.53% 9.61% 8.34% 8.01% BTZ 2.98% 8.81% 6.47% 7.34% BLW 4.81% 9.62% 8.22% 7.79% BHK (0.49%) 8.45% 2.97% 7.04% BIT 5.58% 10.16% 7.65% 8.47% Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares. BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at and on BlackRock’s website at , and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release. View source version on : 1-800-882-0052 KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: BlackRock Closed-End Funds Copyright Business Wire 2024. PUB: 12/06/2024 04:56 PM/DISC: 12/06/2024 04:56 PMDeep-pocketed investors have adopted a bullish approach towards Honeywell Intl HON , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HON usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Honeywell Intl. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 43% leaning bullish and 37% bearish. Among these notable options, 9 are puts, totaling $444,713, and 7 are calls, amounting to $758,796. What's The Price Target? Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $240.0 for Honeywell Intl during the past quarter. Volume & Open Interest Trends Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Honeywell Intl's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Honeywell Intl's whale trades within a strike price range from $200.0 to $240.0 in the last 30 days. Honeywell Intl 30-Day Option Volume & Interest Snapshot Significant Options Trades Detected: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume HON CALL SWEEP BULLISH 12/18/26 $54.0 $53.9 $54.0 $200.00 $221.4K 951 168 HON CALL SWEEP BULLISH 12/18/26 $54.1 $53.8 $54.1 $200.00 $205.5K 951 89 HON CALL SWEEP BULLISH 12/18/26 $54.1 $53.8 $54.1 $200.00 $135.2K 951 114 HON CALL SWEEP BULLISH 12/18/26 $54.2 $54.1 $54.2 $200.00 $70.4K 951 38 HON CALL TRADE BULLISH 12/18/26 $54.0 $53.9 $54.0 $200.00 $59.4K 951 127 About Honeywell Intl Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around 30% of its revenue from recurring aftermarket services. Having examined the options trading patterns of Honeywell Intl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance Present Market Standing of Honeywell Intl Currently trading with a volume of 808,572, the HON's price is up by 1.11%, now at $231.43. RSI readings suggest the stock is currently is currently neutral between overbought and oversold. Anticipated earnings release is in 35 days. Expert Opinions on Honeywell Intl In the last month, 5 experts released ratings on this stock with an average target price of $259.4. Unusual Options Activity Detected: Smart Money on the Move Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access .* An analyst from Jefferies persists with their Hold rating on Honeywell Intl, maintaining a target price of $260. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Honeywell Intl, targeting a price of $268. * An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $253. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Honeywell Intl with a target price of $260. * An analyst from Goldman Sachs persists with their Buy rating on Honeywell Intl, maintaining a target price of $256. Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Honeywell Intl options trades with real-time alerts from Benzinga Pro . © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
U.N. Claims Colombia Was Hiding 20,000 Unidentified Bodies in Airport Hangar
Fox attorneys seek to dismiss shareholder lawsuit over reporting of vote rigging allegations in 2020WASHINGTON (AP) — President Joe Biden faces a stark choice as he contemplates broad preemptive pardons to protect aides and allies from potential retribution by Donald Trump: Does he hew to the institutional norms he’s spent decades defending or flex the powers of the presidency in untested ways? The deliberations so far are largely at the level of White House lawyers. But the president has discussed the topic with senior aides, according to two people familiar with the matter who spoke on condition of anonymity to discuss the sensitive subject. No decisions have been made, the people said, and it is possible Biden opts to do nothing at all. Biden is taking the idea seriously and has been thinking about it for as much as six months — before the presidential election — but has been concerned about the precedent it would set, according to another person familiar with the president’s discussions who spoke to The Associated Press on condition of anonymity. Pardons are historically afforded to those accused of specific crimes –- and usually to those who have already been convicted of an offense — but Biden’s team is considering issuing them for some who have not even been investigated, let alone charged. The president could, if he chooses, issue blanket pardons to specific people whom Trump and his allies have threatened to punish. Or he could pardon a broad class of people — not unlike pardons issued to those convicted of federal marijuana offenses or those ensnared in the “don't ask, don't tell” military policies. Either way, he'd be using the powers of the presidency in a new way. Some worry that Trump and his allies, who have talked of enemies lists and exacting “retribution,” could launch investigations that would be reputationally and financially costly for targeted people even if they don’t result in prosecutions. The door has already been opened, given that Biden has extended a broad pardon to his son, Hunter , who was convicted and pleaded guilty in tax and gun cases. Biden explained that decision by saying he believed the prosecution of his son had been poisoned by politics. White House press secretary Karine Jean-Pierre said Friday that Biden plans additional pardons before leaving office though she would not elaborate on the process. She repeatedly referenced “changing factors” that motivated the president to pardon his son despite promising he wouldn’t. She said Republicans have continued to try to see Hunter Biden investigated for an array of alleged offenses, a rationale that could support additional pardons for Biden aides and allies. It was two weeks ago that one of the president’s closest allies in Congress, Rep, Jim Clyburn of South Carolina, encouraged Biden to pardon his son Hunter. The morning after that conversation, Clyburn told Biden’s staff that he believed the president should also pardon those being targeted by Trump. “I was very forceful in my discussions with him about what I thought he ought to do regarding his son,” Clyburn said Friday. “But I also told them that I thought he ought to go even further, because all the noise about Jack Smith and Liz Cheney and Doctor Fauci and all of that.” Special Counsel Jack Smith has been investigating Trump for his efforts to overturn the 2020 presidential election and for accusations he hoarded classified documents at his home. Liz Cheney, a conservative Republican , was the vice chairwoman of the congressional committee investigating the Jan. 6, 2021, Capitol insurrection and campaigned for Vice President Kamala Harris. Fauci, an infectious disease expert, was instrumental in the government's response to the coronavirus. All have raised the ire of Trump. Clyburn said he told Biden’s team, only half jokingly, that because the Supreme Court has already said that the president has certain immunities, “let’s give that same immunity to Jack Smith for carrying out his duties and to, Doctor Fauci, Liz Cheney, they were carrying out their duties.” Among those mentioned publicly for possible presidential pardons, there are different sentiments on whether pardons would even be wanted. Former House Speaker Nancy Pelosi supported the president’s move to pardon his son, but has been silent on the speculation that Biden is considering additional pardons for her or others. A top Pelosi ally, Rep. Adam Schiff, the Democratic congressman who led Trump’s first impeachment, has panned the idea of pardoning Biden's allies. He says “the courts are strong enough to withstand” the worst of Trump’s threats. “I don’t think a preemptive pardon makes sense,” the incoming senator told NPR recently. “I would urge the president not to do that. I think it would seem defensive and unnecessary,” Schiff said. Democratic Rep. Jamie Raskin, who was the lead manager on Trump’s second impeachment, on the charge of inciting the Jan. 6, 2021, insurrection at the Capitol, said members of Congress already are protected by the speech and debate clause in the Constitution, which protects them prosecution for participating in their legislative duties. Raskin said figures like Mark Milley, the former chairman of the Joint Chiefs of Staff, and John Kelly , Trump's former White House chief of staff, would similarly be protected by the First Amendment. But Raskin said the question is, “Should they go through the criminal investigation and prosecution for not doing anything wrong? I think that’s why this whole issue has erupted.” Raksin added that with Trump promising to pardon hundreds of people who assaulted police officers on Jan. 6th, “I can hardly fault President Biden for exploring the use of the pardon to protect people from a fraudulent and unjust prosecution.” House Democratic Leader Hakeem Jeffries said he’s had no conversations with the White House regarding any preemptive pardons for current or former members of Congress. Associated Press Writers Kevin Freking and Lolita C. Baldor contributed to this report.Trump taps Rollins as agriculture chief, completing proposed slate of Cabinet secretaries
BEIJING , Dec. 6, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it has entered into a Standby Equity Purchase Agreement (the "SEPA"), with YA II PN, Ltd. ("YA"), a fund managed by Yorkville Advisors Global, LP. Subject to the terms and conditions set forth in the the SEPA, YA is committed to purchase up to $50 million (the "Commitment Amount") of the Company's Class A Ordinary Shares (the "Shares") at any time during the two-year period following the execution date of the SEPA, by delivering written notice to YA (an "Advance Notice"). Pursuant to the SEPA, YA will advance to the Company, subject to the satisfaction of certain conditions as set forth therein, the principal amount of up to $15 million (the "Pre-Paid Advance"), which will be evidenced by convertible promissory notes (the "Promissory Notes", together with the "SEPA", the "Offering") in four tranches. The first Pre-Advance, in the principal amount of $3,000,000 , was advanced December 6, 2024 in connection with the execution of the SEPA, and is subject to a 10% discount to the principal amount of such Promissory Note. If there is no balance outstanding under the Promissory Notes, the Company will have sole discretion to sell the Shares to YA from time to time by issuing Advance Notices to YA following the effectiveness of a registration statement with the U.S. Securities and Exchange Commission registering the Shares issuable pursuant to the SEPA and the satisfaction of other customary conditions. The Company intends to use the proceeds from the offering of the Shares pursuant to the SEPA for working capital and other general corporate purposes. The Company and the Investor have entered into a registration rights agreement on the date hereof (the "Registration Rights Agreement"), pursuant to which the Company shall register the resale of the Shares issuable pursuant to the SEPA. The foregoing does not purport to be a complete description of the rights and obligations of the parties to the SEPA, the Promissory Notes, the Registration Rights Agreement, or of the transactions contemplated thereby and is qualified in its entirety by reference to such documents, the copies of which have been filed as exhibits to the Company's Current Report on Form 6-K on December 6, 2024 . D. Boral Capital LLC acted as the exclusive placement agent for the Offering. About Baijiayun Group Ltd Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," and "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. For investor and media enquiries, please contact: Company Contact: Ms. Fangfei Liu Chief Financial Officer, Baijiayun Group Ltd Phone: +86 25 8222 1596 Email: ir@baijiayun.com View original content: https://www.prnewswire.com/news-releases/baijiayun-announces-up-to-15-million-convertible-promissory-notes-and-50-million-standby-equity-purchase-agreement-302325234.html SOURCE Baijiayun Group LtdNone
In a moment of national sorrow, former Prime Minister Manmohan Singh has passed away at the age of 92 due to age-related medical conditions. The announcement was made by the All India Institute of Medical Sciences (AIIMS) in Delhi, where Singh had been receiving treatment in recent days. According to the statement released by AIIMS, Singh was found unconscious at his residence earlier today, December 26, 2024. “He was promptly administered resuscitative measures at home and brought to the AIIMS medical emergency at 8:06 pm,” the statement said. Despite all efforts to revive him, he was declared dead at 9:51 pm. Manmohan Singh, who served as the Prime Minister of India for two consecutive terms from 2004 to 2014, was a towering figure in Indian politics. His tenure is marked by his leadership in the Congress-led United Progressive Alliance (UPA) government. He was widely recognized for his calm and intellectual approach to governance, though it was his role as Finance Minister in the early 1990s that cemented his legacy as one of India’s most influential political figures. Singh’s role in the landmark economic reforms of 1991, which included liberalizing India’s economy, reducing trade barriers, and opening the doors to foreign investment, is often credited with saving the country from economic collapse. These reforms transformed India’s economic landscape, setting the stage for its rapid growth in the subsequent decades. In the wake of his passing, tributes poured in from across the political spectrum. Congress leaders Priyanka Gandhi Vadra and Sonia Gandhi arrived at AIIMS soon after the news of Singh’s hospitalization became known. Congress President Mallikarjun Kharge and party MP Rahul Gandhi, currently in Belagavi for a Congress Working Committee meeting, are en route back to Delhi, according to reports. Singh’s death marks the end of an era in Indian politics. He is survived by his wife, Gurcharan Singh, and their three daughters. Known for his humble and dignified nature, Singh’s contributions to India’s economic transformation will continue to resonate for generations to come. PM Modi says need to equip youth with skills in emerging technologies like AI Kolkata horror: AIIMS resident doctors call off 11-day strike after Supreme Court order LK Advani admitted to Apollo Hospital, under observation PM Modi dedicates five AIIMS to nation, inaugurates multiple development projects from Rajkot PM Modi praises former PM Manmohan Singh, says he worked in wheelchair INDIA Bloc leaders criticize closing down of hospitals during Ram Temple consecration event Madhya Pradesh elections: Congress to release first list of candidates after October 5 Your email address will not be published. Required fields are marked * Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment.Inside little-known corner bars, there is a hidden story of how a fiercely competitive pinball culture made its return to San Francisco after decades of dormancy. Former Mayor London Breed, then a supervisor, plays a prominent role. [ Standard ] This week's rain caused widespread flooding throughout San Francisco. Business owners are only now getting the chance to assess the damage. [ Chronicle ] Tulare County resident Sophia Park, 17, has just become the youngest person to ever pass the California State Bar Exam. She beats a previous record held by her brother. [ New York Times ] The "controversy" surrounding SJSU's transgender female volleyball player apparently can be traced back to former Stanford All-American tennis player Kim Jones, who leads a nonprofit dedicated to pushing trangender athletes out of collegiate sports. [ Mercury News ] Kendrick Lamar's album drop is leaving Warriors fans hopeful that this is a championship year for their team, who have won in every year Lamar has released a record since 2015. [ KRON ] A Vallejo man was arrested today for "casually walking in a residential area while carrying a gun." [ Chronicle ] Photo by Getty Images
ST. SIMONS ISLAND, Ga. (AP) — Maverick McNealy finally became a winner on the final tournament of his fifth year on the PGA Tour, hitting 6-iron to 5 feet for birdie on the 18th hole at Sea Island for a 2-under 68 and a one-shot victory in the RSM Classic. He picked the right time to end nine holes without a birdie, even as so many others were making them to create a four-way tie for the lead. The victory came in his 134th start as a pro, and it sends him to Maui to start the year at The Sentry and to the Masters in April for the first time. Daniel Berger missed a 20-foot birdie attempt on the 18th that preceded McNealy's winner. He tied for second with Nico Echavarria and Florida State sophomore Luke Clanton, both of whom missed par putts from inside 8 feet on the final hole that created the four-way tie. Berger got a small consolation prize, moving inside the top 125 to keep a full PGA Tour card for 2025 when the fields will be smaller and only the top 100 will keep cards. Henrik Norlander, who was No. 126 in the FedEx Cup last year, had a 63-68 weekend and joined Berger as the two players who moved into the top 125. For Joel Dahmen, it was a matter of staying there. He was at No. 124 coming into the final tournament, had to make a 5-foot par putt just to make the cut on the number and then delivered a tee-to-green clinic — along with holing a 113-yard sand wedge for eagle early in his round — for a closing 64. It was enough to stay at No. 124 with nine points to spare. “Two of the biggest pressure moments of my career I showed up, and I can take that going forward,” Dahmen said. Clanton was a shot away from joining Nick Dunlap as amateur winners on the PGA Tour this year. Clanton, who has taken over as the top-ranked amateur in the world, now has two runner-up finishes and four top 10s in the seven PGA Tour starts the last five months. He had the look of a winner, especially with McNealy stuck in neutral, when he poured in birdie putts on the 14th and 16th holes to tie for the lead. But he tugged his approach to the 18th into bunker, blasted out nicely to 7 feet and stooped over in disbelief when he missed his par putt and had to settle for a 66 . “It’s going to be a tough one to definitely take, for sure, after bogeying the last,” Clanton said. “But I think it’s proven to me that out here I can win, so I’ll be training for that.” Echavarria, who won in Japan a month ago, had not made a bogey all day until going long on the 18th, chipping to 9 feet and catching the lip with his par putt. Michael Thorbjornsen was poised to move into the top 125 until he pulled his approach into the water on the par-5 15th hole and made bogey, closing with three pars for a 69. He tied for eighth and finished at No. 129. Thorbjornsen still has a full card next year from being No. 1 in PGA Tour University, but his status won't be as high. McNealy, son of Sun Microsystems co-founder Scott McNealy, had been doing some of his best work outside the ropes, particularly effecting a change in FedEx Cup points distribution to make it more equitable. Missing was a victory, and this one came down to the wire. He went out in 33 and led by two going to the back nine, and then it became a grind. He holed a 15-foot par putt from the fringe on the 11th to stay in the lead, and saved par after going bunker-to-bunker on the 13th. But he dropped a shot with an errant drive on the 14th, and when Echavarria birdied the 15th ahead of him, McNealy was out of the lead for the first time all day. He answered at just the right time, a 6-iron that covered the flag and settled just over 5 feet away. The victory gets him into three $20 million events over the first two months of the year, along with his first trip to the Masters. AP golf: https://apnews.com/hub/golfBishop McDevitt vs. Roman Catholic, PIAA 5A Football Championship: Live UpdatesOut of Reconciliation: Remembering The Daughter Of Destiny
D uring my years as a fellow at Oxford, I shared a kitchen at my college with a Mexican working on her doctoral thesis on the Chicano Movement, a pivotal social and political movement in the U.S. focusing on Mexican-American rights and empowerment. While preparing a meal, we would chat into the night on some common areas of interest, mainly civil rights and social justice, or the cultural preservation and identity of the minorities. The lack of anti-war or anti-discrimination efforts by the state became one of our primary areas of conversation. Latino social justice movements on intersectional feminism and identity politics gave us an insight into the wide impact of such research. Through these exchanges, I developed a profound interest in the intricate dynamics between dissent, democratic values, and the challenges posed by authoritarian narratives, a subject I went on to link to my research on dissident politics in the U.S. Our kitchen became a hub for cultural exchange and intellectual discussions, a cornerstone of postgraduate life. Beyond intellectual discussions, I discovered the culinary heritage and the rich flavours of Chicano cuisine. Over cerveza and lively conversations, my friend and I would collaboratively cook traditional dishes such as chiles rellenos (stuffed peppers) and enchiladas rojas (red sauce-covered tortillas with meat). On some days, I would roast drumsticks or whip up Madhur Jaffrey’s iconic Chettinad pepper chicken learned from her classic BBC cookbook published decades ago. The subtle, tantalising aromas wafting through the rooms would entice neighbours to drop by for a bite. Our culinary adventures transcended mere cooking, evolving into a gastro-intellectual experience. We savoured not only the flavours but also the stories and traditions behind each dish, weaving together food, culture, and camaraderie. It so happened that before I left Oxford, I left my crockery and some utensils neatly stored in a corner of the sideboard. Four years later, I returned to Oxford and revisited my college digs where I had spent a meaningful part of my academic life. Astonishingly, on peeping into the kitchen, I discovered my utensils exactly where I had left them. No one — not even the caretaker or cleaning staff — had disturbed them. This small gesture spoke volumes about the university’s culture of trust and respect. I remember our kitchen’s sole refrigerator was shared by two of us, yet we effortlessly managed our individual space without prior demarcation. Each of us claimed a shelf, storing sandwiches, eggs, bacon, fish, beer, and wine. Remarkably, not a single item went missing. This unwritten understanding reinforced the spirit of fellowship that defined our living arrangement. The refrigerator, a shared space, transcended its practical purpose to represent our collective values, a testament to our harmonious interaction, where trust and mutual respect reigned. Many, many years have gone by, and as I savour a meal of butter chicken which I often cooked back in Oxford, memories flooded in. I recalled the college library, where students could borrow books without supervision. The honour system encouraged community involvement, integrity and self-regulation, inculcating in students the practice of borrowing books without supervision, and thereby fostering a sense of responsibility and uprightness. We would simply sign out books with our names, titles, and ID numbers, and return them by dropping them into a designated box. Year-end stock checks rarely revealed more than two or three missing books. One particular instance absorbed me. Two texts on economics went missing, and suspicion subtly fell on an Asian couple researching economics within the college. Invited to dinner at their residence, I spotted the missing books on a lower shelf. We later jokingly remarked, “Only a South Asian could think of such a theft!” Having experienced similar incidents during my M.Phil. days, I was not surprised. Back then, some classmates would tear out chapters or steal entire books, leaving the library vandalised. We knew the culprit — the eldest in our batch, who ironically posed as a fatherly figure to us aspiring teachers. His actions went unchecked, but the memory lingered. Oxford’s library, however, stood in stark contrast. Its trust-based system and minimal losses demonstrated the power of shared accountability and academic integrity. The shared kitchens and resources at Oxford created a nurturing environment for postgraduate students and visiting fellows, encouraging a spirit of closeness and intellectual curiosity. Through mealtime discussions, individuals formed lasting connections, broadened their academic horizons, and developed enduring bonds. shelleywalia@gmail.com Published - November 24, 2024 03:13 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp RedditThe population of the world’s 1,000 largest and most important global cities is expected to increase by more than 0.5 billion by 2050. Africa and emerging countries in Asia Pacific are set to experience exponential growth in their populations, while many cities across China, Europe and advanced Asia Pacific will plateau or even decline. By 2050, 70% of the world’s population are expected to live in cities, up from 54% in 2020, driven by both population growth and a continued shift towards urbanization. There are currently 33 megacities worldwide. By 2050, 14 more cities are set to join their ranks, with a total increased population of around 213 million people. Economic growth, largely in the developing economies, is expected to augment this urbanization, boosting the growth of megacities and the brisk scaling up of the world’s population. In support of this, infrastructure development and the growth of the construction sector across the world is expected to continue. Minerals and metals, which play a critical role in construction, will also need to adapt to the new requirements of the world’s growing urban population. New trends in construction and key materials Urbanization and the influx of populations into cities are driving growth, innovation and fresh approaches in building construction. This shift is fuelling demand for new construction methods, such as modular processes, in which buildings are constructed off-site before being transported and assembled at a final location. This makes variation in design and layout easier and is faster than traditional methods. Another growing trend towards lean construction helps construction companies improve their process efficiency and quality while minimizing waste. At the same time as these trends are growing, rapidly expanding cities are introducing new standards and requirements, prompting the construction supply chain to evolve and become more collaborative. Increasing concerns about global warming and the construction sector’s significant greenhouse gas emissions are also growing demand for sustainable and recyclable materials. Lastly, emerging digital trends and evolving workforce patterns are accelerating the adoption of artificial intelligence (AI), machine learning (ML), robotics, and other digital tools throughout the industry. In this context, mining and metals play essential roles in modern construction. They can support sustainable, resilient and efficient building practices. They are flexible, adaptable and easily moulded to utilize space, creating new, sustainable production pathways. Steel, for instance, is foundational to the construction sector, especially as cities expand and require strong, durable infrastructure. Steel-intensive designs support scalable buildings, modular construction, energy systems and circularity through reuse and recycling. In countries like India, where construction and infrastructure sectors will likely account for 69% of steel demand by 2034, high-strength steel with enhanced toughness, formability and weldability is becoming vital. Steel manufacturers are also adopting greener production technologies to address global emission concerns. Aluminum is valued for its light weight, strength and corrosion resistance. This makes it highly suitable for flexible, aesthetically appealing and recyclable construction. Its ease of moulding and durability align well with shifting construction patterns that prioritize sustainability. Copper is essential for its durability, antimicrobial qualities and role in building safety due to its resistance to fire and corrosion. With construction accounting for nearly half of all copper usage, demand is set to rise due to increased applications in energy transition technologies like solar power. Other materials like carbon fiber are useful for reinforcing concrete and enhancing structural durability. Its strength, resistance to corrosion and lighter footprint allows carbon fiber to support cost-efficient and environmentally friendly construction methods. Suppliers of key metals like steel, aluminium and copper need to align their processes to address the needs of the rapidly growing infrastructure sector. And as carbon abatement and digitalization increasingly affect the industry, suppliers’ assets, processes and systems must be fine-tuned to address these factors. This is crucial, not just for the industry, but for wider economic development. The construction industry is deeply connected to the broader economy via builders, developers, suppliers and contractors. India’s construction tools and machinery market alone is valued at $14 billion. Key materials like steel, cement and wood – which are labour-intensive to produce and involve long value chains across sectors like metals and logistics – generate $25 billion annually. Image: Created by author using data from Statista While demand for its services is growing due to urbanization and the continued rise of megacities, the construction industry faces several challenges. Here is how the metals and mining sector could play a crucial role in addressing some of these issues: Talent shortages, AI and digital invasion, fewer new hires to further enhance productivity, efficiency and worker safety are some of the concern areas for the construction sector today. Increased hire of data scientists and software developers is being considered by the industry to tackle this. Steel and cement, the key input materials in construction, are high greenhouse gas emitters. Global manufacturers of these materials must focus on asset reconfiguration, investment in new assets and processes to embrace the key principles of sustainability, material cyclicity and emission reductions. Investments, policymaking, partnerships and collaboration are slowly making progress in developing the green steel industry. Construction is facing a shift from tactical procurement designed to meet budgets towards strategic sourcing that reduces complexity, drives value and creates ecosystems of strategic vendors and partners. This will address continued cost pressures, supply chain risks, heightened customer demands and the need for labour, material and technology partners. Metals and mining material suppliers must collaborate with the construction sector to support this strategic sourcing trend. They can do so by providing integrated supply chain solutions, digital platforms for improved transparency and flexible contracting models. This would streamline material flow, enhance data sharing for sustainability and compliance and stabilize costs during periods of market volatility. Construction firms would benefit from reduced complexity, mitigation of supply chain risks and more resilient partnerships. The industry is deploying Industry 4.0 technologies like building information management (BIM), AI and ML, digital twins, as well as remote project monitoring using sensors, robotics and drones. This enables data-driven decisions, drives dynamic scheduling and reduces budget and schedule variances – often across multiple sites. Metals suppliers can collaborate on this kind of digitalization by sharing data and knowledge. This would help improve scheduling and maintenance systems, providing visibility and operational improvements across the building lifecycle and improving overall process efficiencies. This kind of construction leads to better design, quality control and shorter turn around times. But it requires a strategic ecosystem of collaborative vendors and partners, and the evaluation of long-term manufacturing operations. Manufacturers of flexible and adaptable metals and materials such as steel and aluminium will be a crucial part of this ecosystem as it develops to address demand for modular construction. Urbanization – and the growing demand for infrastructure that it creates – is triggering various changes and growth opportunities for the construction sector. Alongisde emerging trends like modular, leaner and sustainable construction, digitalization is also reshaping the industry. Metals and materials suppliers are evolving their technologies accordingly, and the industry is embracing key enablers like digital enhancements and supplier collaboration to meet these challenges head on. Collaboration between the construction industry and metals and materials suppliers of steel, aluminium, copper and others will ensure these industry sectors can all cater to and benefit from these emerging economic trends. Source: World Economic Forum
With a few days to the election, many political parties, including the main opposition National Democratic Congress, are holding their last camping with various campaign messages in Bibiani Anhwiaso Bekwai. Just after their last campaign, a few issues have cropped up which the NDC seeks to address. Mr Joseph Ayambila, popularly known as Strong Man Watoo, who is the Constitution secretary for Bibiani Anhwiaso Bekwai NDC has held a press conference alleging that incumbent Member of Parliament Alfred Obeng Boateng was planning to hire the services of thugs to confuse the electoral process on December 7. He called on the Police Department and the IGP to investigate their intelligence report so they would not take the law into their own hands. Evans Armah, also known as Kofi Frimpong, a former close aide of Hon Alfred Obeng Boateng, defected from the New Patriotic Party having fallen victim to the alleged political violence. He shared his experience and warned that the situation could degenerate if the police failed to intervene.Bamboo Technology's HereHear Virtual AI Therapist Joins Berkeley Skydeck IPP Program
Original MLS clubs LA Galaxy, NY Red Bulls cap their amazing turnarounds with showdown for MLS CupNone
Former Indian prime minister Manmohan Singh dies aged 92Bad Bunny has lifted the curtain on his next long-form studio release. Entitled Debí Tirar Más Fotos – which translates to “I should have taken more photos” – Benito announced the album with a teaser video starring one of Puerto Rico’s most influential film directors Jacobo Morales. “I should have lived more, I should have loved more while I could,” he says to his cartoonish companion Cocho who stands on the table. “While you’re alive, one should love as much as they can.” The official album announcement wasn’t too much of a surprise, with the musician dropping hints via socials – yesterday posting a 17-track “BOMBA” tracklist on X among a series of other posts about x100pre, his debut studio project that he released on Christmas Eve. Earlier this morning, Benito fueled the album allegations with a surprise new single “PIToRRO DE COCO” which arrived alongside its official visualizer. Shortly thereafter its release, he followed up with the trailer. Stream it in full below. A post shared by Benito Antonio (@badbunnypr) Debí Tirar Más Fotos will mark Bad Bunny’s sixth studio album, arriving a little over a year after his fifth LP Nadie Sabe Lo Que Va a Pasar Mañana . Expect Debí Tirar Más Fotos to drop on January 5.