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Sowei 2025-01-13
Senate Majority Leader Chuck Schumer was blocked Wednesday from quickly advancing a bill that would allow local law enforcement agencies to track aerial drones, ensuring Congress won't act this year on the mysterious drone sightings that have bewildered residents of New Jersey and across the eastern U.S. Schumer, a New York Democrat, sought to speed a bipartisan bill through the Senate by seeking unanimous consent on the floor, but Sen. Rand Paul , a Kentucky Republican , objected to its passage. “The people in New York and New Jersey have a lot of questions, and they’re not getting good enough answers,” said Schumer. “The utter confusion surrounding these drone sightings shows that the feds can’t respond all on their own.” Schumer has also called for the U.S. Department of Homeland Security to deploy better drone-tracking technology to identify the drones and their operators. The Senate bill would have also enhanced some federal agencies’ authority to act on drones, as well as started a pilot program to allow states and local authorities to disrupt, disable or seize a drone without prior consent of the operator. “This bill would ensure that law enforcement has the technology needed to quickly and clearly identify exactly what the reported sightings of drones across the country actually are,” said Sen. Gary Peters, a Michigan Democrat who sponsored the bipartisan bill. National security officials have said the drones don’t appear to be a sign of foreign interference or a public safety threat. But they can’t say with certainty who is responsible for the sudden swarms of drones over parts of New Jersey, New York and other eastern parts of the U.S. Some U.S. political leaders, including Trump, have called for much stronger action against the drones, including shooting them down. Paul, the Kentucky Republican who often advocates for limiting governmental powers, said that he was objecting because it is not clear there is a threat that warrants urgent action. He said the bill would “expand federal authority to intercept communications and disrupt drone activity — powers that raise serious concerns for Americans' privacy, civil liberties, and Fourth Amendment protections against unwarranted search and seizure.”online jili

Webb Observes Protoplanetary Disks that Contradict Models of Planet Formation(Adds background on Medline, details on IPO market, paragraphs 5-6 and 8) By Echo Wang NEW YORK, Nov 21 (Reuters) - Private equity-owned Medline Industries is aiming to raise more than $5 billion in its U.S. initial public offering expected to occur in 2025, people familiar with the matter told Reuters on Thursday. The stock market flotation could value the medical supplies provider at about $50 billion and come as early as the second quarter, the sources said, cautioning that the company's plans are subject to market conditions and could change. Northfield, Illinois-based Medline, which is owned by buyout firms Blackstone, Carlyle, and Hellman & Friedman, has invited several investment banks to pitch for lead roles on what is likely to be one of the marquee IPOs next year, the sources said, requesting anonymity as the discussions are confidential. Medline did not immediately respond to requests for comment. Blackstone, Carlyle, and Hellman & Friedman declined to comment. The preparations for a stock market flotation come as dozens of other high-profile names are gearing up for potential listings next year, after several bouts of market volatility shut down the IPO market for much of the last two years. AI cloud platform operator CoreWeave and cybersecurity firm SailPoint are among those pushing ahead with their plans for stock market debuts next year, the sources said. Medline, which was acquired by its current private equity owners in a deal worth $34 billion in 2021, is one of the largest manufacturers and distributors of medical supplies such as surgical equipment, gloves and laboratory devices used by hospitals around the world. The company was founded in 1966 by brothers James and Jon Mills and it went public in 1972, before being taken private again by the brothers. Its longtime CEO Charlie Mills, the son of James Mills, retired from Medline last year, with company veteran Jim Boyle replacing him at the helm. Medline, which employs about 43,000 people worldwide and operates in more than 100 countries, generates annual sales of more than $23 billion, according to its website. Bloomberg reported on Medline's IPO preparations in July. (Reporting by Echo Wang in New York Editing by Anirban Sen, Bill Berkrot and Matthew Lewis)

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This story will be updated. AUGUSTA, Maine — The Legislature’s watchdog committee cannot force the state to hand over confidential files from high-profile child death cases, Maine’s high court ruled Thursday. The 26-page ruling from the Maine Supreme Judicial Court ended a yearslong dispute between the administration of Gov. Janet Mills and the Government Oversight Committee, which has led the Legislature’s investigations of the embattled child welfare system. It has been a major area of focus for Maine’s policymakers since two high-profile child deaths in 2018. A study found that Maine had the highest rate of child maltreatment among states in 2020. More than 100 child welfare workers called on Mills last week to replace their boss, ensuring that the subject area will be on the agenda again for lawmakers in 2025. The legal dispute between lawmakers and the state goes back to the summer of 2022, when the state rejected the oversight committee’s subpoena for confidential files on four children who were under the age of 4 when they were killed by parents during the previous year. The state argued that the oversight committee’s staff — not the lawmakers who direct them — could view the confidential files and said that releasing them could imperil prosecutions that were ongoing at the time but have since finished with guilty verdicts. Lawmakers sued, saying that ignoring their subpoena violates the constitutional separation of powers. A lower-court judge sided with the state, prompting the legislative committee to appeal in 2023 to the high court. It upheld the ruling on slightly different grounds, citing legislative history and court precedent to argue that only legislative staff are allowed to see confidential material. “Each entity is prescribed a distinct role, and their respective roles inform the nature and scope of access to confidential information and records such as those at issue here,” the court ruled. More articles from the BDN

In a strategic bid to fend off looming tariffs, two Canadian Cabinet ministers engaged in high-stakes diplomacy at Mar-a-Lago. Finance Minister Dominic LeBlanc and Foreign Minister Mélanie Joly met with Howard Lutnick, the nominee for US commerce secretary, amid tensions arising from President-elect Donald Trump's potential trade restrictions on Canada. The Canadian officials shared plans to bolster border security and tackle the fentanyl crisis, emphasizing collaborative efforts to safeguard both nations. The meeting follows Trump's provocative statements on social media, calling for policy shifts that have raised concerns on the Canadian side. Expert observers anticipate further discussions in the weeks ahead. While Trump has spotlighted issues like migration and trade deficits, Canadian officials underscore the significant trade volume between the two countries, which is critical for economic stability. The outcome of these diplomatic interactions remains crucial for maintaining robust bilateral relations in the face of potential trade policy challenges. (With inputs from agencies.)C3.ai ( AI 8.08% ) stock enjoyed another day of big gains Friday. The software and consulting specialist's share price closed out the session up 8.1% and had been up as much as 8.4% earlier in the day's trading. Meanwhile, the S&P 500 index ended the daily session up 0.25%, and the Nasdaq Composite index closed out the day up 0.8%. C3.ai gained ground today thanks to a promising political development and news that one of its competitors had forged a significant new defense partnership. With just a few weeks in the year remaining, the stock is now up roughly 41% across this year's trading. AI stocks jump on Trump czar announcement President-elect Donald Trump published a message on social media today announcing that he plans to name venture capitalist David Sacks as artificial intelligence ( AI ) and crypto czar in his administration. Some investors are interpreting the announcement as a signal that the incoming Trump administration will help to create favorable demand and regulatory backdrops and drive business for AI players. While it's too early to say what the net political effects for AI companies will look like under the new administration, there are good reasons to think that demand in key AI category verticals will remain very strong. Why are Palantir's partnerships good news for C3.ai? Palantir and Booz Allen Hamilton announced a new partnership that will see them collaborating on innovations for the defense industry. Palantir also announced that it was partnering with Shield AI to improve the capabilities of autonomous, unmanned vehicles. Again, the partnership has a defense-industry focus, and Shield AI will be using Palantir's Warp Speed manufacturing operating system for scalable AI solutions. While Palantir competes with C3.ai in some spaces, evidence of ramping demand in the defense industry is a broadly bullish sign. C3.ai has also won substantial deals and partnerships with the U.S. government and related defense contractors, and its recent partnership with Microsoft to expand the adoption of enterprise AI points to unfolding opportunities in the private sector as well.

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