CHICAGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming above-ground carbon into sustainable fuels, chemicals, materials, and protein, today announced the appointment of Thierry Pilenko, former Executive Chairman of TechnipFMC plc (“TechnipFMC”), to its Board of Directors. With more than 40 years of experience in the energy and industrial sectors, Pilenko brings invaluable expertise and leadership related to large-scale infrastructure development, technology deployment, and profitable growth. Pilenko’s extensive experience and industry acumen are expected to provide valuable guidance as LanzaTech advances the commercial deployment of its technology and accelerates its timeline to profitability. “We are thrilled to welcome Thierry to our Board of Directors,” said LanzaTech Chair and CEO Dr. Jennifer Holmgren. “His proven track record of deploying innovative technologies and driving large-scale infrastructure projects will bring key insights as we execute LanzaTech’s ambitious growth strategy. Thierry spent the first 20 years of his career with Schlumberger Limited, deploying technologies on five continents. He then continued on to become a seasoned public company executive who successfully led TechnipFMC, Technip, and Veritas DGC. Throughout his exceptional career, Thierry developed a deep understanding of the global industrial landscape and the evolving competitive dynamics of the energy industry and the energy transition. Thierry’s operational leadership in global, complex and capital-intensive industries is central to advancing our mission to provide resilient, reliable technology that advances above-ground carbon recycling and produces commercial-scale ethanol that can be used in a wide range of applications, including sustainable aviation fuel.” During his tenure as Executive Chairman of TechnipFMC, and Chairman and CEO of Technip, Thierry led a large global team delivering energy solutions across 45 countries and was pivotal in overseeing Technip’s transformation and merger with FMC Technologies. This merger demonstrated the power of integration to significantly reduce costs and improve economics of large-scale projects while reducing corporate overhead costs. Under Pilenko’s leadership, Technip successfully executed landmark projects such as Shell’s $12 billion Prelude floating LNG facility and the $20+ billion Yamal LNG project. “It is an honor to join LanzaTech’s Board of Directors and contribute to the company’s pioneering and commercially proven carbon management solution,” said Pilenko. “Having spent my career in the energy sector, I understand the critical importance of deploying replicable technology solutions and know first-hand what it takes to successfully put steel in the ground and achieve desired returns. LanzaTech’s innovative approach to carbon reuse offers a unique and proven solution that will have a substantial impact on the energy transition. I am deeply committed to advancing these technologies and ensuring their widespread adoption for a more sustainable future.” In addition to joining LanzaTech’s Board, Pilenko currently serves on the boards of Arkema, a leading specialty materials company, and Trident Energy, an oil and gas production company. He is also the Board Chair of Rely, a green hydrogen-focused joint venture, and a co-founder of P6 Technologies, a SaaS platform for carbon lifecycle analysis. The appointment of Pilenko as an independent director increases LanzaTech’s board of directors to seven members, filling a previously vacant seat and further strengthening the Company’s corporate governance. About LanzaTech LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein for everyday products. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Coty, Craghoppers, REI, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com . Forward Looking Statements This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs, assumptions, projections and conclusions of LanzaTech’s management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are not guarantees of future performance, conditions or results, and you should not rely on forward-looking statements. Generally, statements that are not historical facts, including those concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: timing delays in the advancement of projects to the final investment decision stage or into construction; failure by customers to adopt new technologies and platforms; fluctuations in the availability and cost of feedstocks and other process inputs; the availability and continuation of government funding and support; broader economic conditions, including inflation, interest rates, supply chain disruptions, employment conditions, and competitive pressures; unforeseen technical, regulatory, or commercial challenges in scaling proprietary technologies, business functions or operational disruptions; and other economic, business, or competitive factors, and other risks and uncertainties, including the risk factors and other information contained in LanzaTech’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as other existing and future filings with the U.S. Securities and Exchange Commission. Any forward-looking statement herein is based only on information currently available to LanzaTech and speaks only as of the date on which it is made. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investor Relations Kate Walsh VP, Investor Relations & Tax Investor.Relations@lanzatech.com Media Relations Kit McDonnell Director of Communications press@lanzatech.com
The Vanguard Mega Cap Growth ETF allows investors to own shares in multiple big tech companies, including Apple, Microsoft, Nvidia, and Amazon, at a lower cost than buying individual shares. The ETF has a 61.4% allocation to big tech and includes all S&P 500 Magnificent Seven members in its top ten holdings. With a 35% increase in value in 2024 and a 10-year return of 16.30%, this ETF offers potential for growth, but its performance is heavily tied to the fortunes of big tech, making diversification important. Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Any S&P 500 Magnificent Seven stocks would be a welcome addition to any investor's portfolio. Unfortunately for most investors, Magnificent Seven shares are so expensive that they're largely out of reach if you're not already wealthy (or close to it). Thankfully, that isn't the case because of a unique exchange-traded fund (ETF) that allows you to own shares in four Magnificent Seven stocks simultaneously. Don't Miss: This well known prop trading firm is offering 100% of your first $25,000 profit per account and 90% after that. Here's how to get a special 50% OFF CODE that lets you start out with monthly investments as low as $147 today. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it ? The Vanguard Mega Cap Growth ETF heavily focuses on big tech, which accounts for 61.4% of the 71 stocks in the ETF's portfolio. However, 45% of the ETF's portfolio is invested in Apple (13.36%), Amazon (6.82%), Microsoft (12.35%) and Nvidia (12.52%). Apple, Microsoft and Nvidia are all at the forefront of the AI revolution, while Amazon has become a dominant force in e-commerce. That's impressive enough, but the Vanguard Mega Cap Growth ETF doesn't stop there. Regarding weight allocation, every S&P 500 Magnificent Seven member is included in the Vanguard Mega Cap Growth ETF's top ten. That means you'll also be investing in Meta and Tesla. The fund also holds shares in market share and sector powerhouses like Eli Lilly, Visa, Costco and McDonalds. See Also: CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast — here’s how to invest in their private credit fund that targets 12% annual interest rate. All these companies offer products and services in high demand from large segments of the buying public. They also have a level of global recognition that is difficult to overestimate. According to Ycharts, the combined market cap of the S&P 500 Magnificent Seven is over $16 trillion. Ycharts data also shows that Magnificent Seven heavyweights Google, Nvidia and Microsoft are up by nearly 50% in 2024. The same data also reveals the Magnificent Seven stocks have been responsible for 64.1% of the S&P 500's market cap growth for the year. So, when you buy into the Vanguard Mega Cap Growth ETF, you buy shares in multiple companies that have grown rapidly throughout 2024. They also look set for continued growth in 2025 and beyond. Trying to buy individual shares in these companies would be cost-prohibitive for all but the most successful everyday investors. However, you can buy Vanguard Mega Cap Growth ETF shares for $350.36 (according to Vanguard website). Vanguard's public filings also indicate that the Mega Cap Growth ETF has increased in value by an incredible 35% in 2024. Trending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today! The 10-year return (per Vanguard) is an impressive 16.30%, meaning this ETF also has potential as a buy-and-hold investment that can grow your wealth significantly. Although this ETF focuses more on growth than passive income , it currently pays a quarterly dividend of $0.374 per share. It's easy to see the Vanguard Mega Cap Growth ETF's potential when you look at the total package. The downside risk is that the Vanguard Mega Cap Growth ETF's continued performance is heavily tied to big tech's fortunes. The AI revolution is pushing companies like Apple, Microsoft and Nvidia into the stratosphere regarding value, but nothing goes up forever. That's why even though this ETF is highly diversified, putting all your eggs in this one basket may not be wise. Interest Rates Are Falling, But These Yields Aren't Going Anywhere Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities. Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%* , which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings. This article If You Like Big Tech, You'll Love This ETF That Lets You Invest in Microsoft, Nvidia And Apple At The Same Time originally appeared on Benzinga.comAlec Baldwin goes off on ‘uninformed’ Americans, female directors and wife’s ‘trauma’
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The Yomiuri Shimbun 7:00 JST, December 8, 2024 This is the third installment in a series of interviews with members of the delegation of Nihon Hidankyo [Japan Confederation of A- and H-Bomb Sufferers Organizations] who will attend the award ceremony for the Nobel Peace Prize in Oslo on Dec. 10. Interview with Reiko Hara Nihon Hidankyo consultant Half a century has passed since I, a native of Kagawa Prefecture and not an A-bomb survivor, first became involved with A-bomb survivors. I began working as a caseworker at a hospital in Tokyo in 1967. I was 22 and ignorant. When I saw photos of their burns, I turned my eyes away before I knew it. “You can always escape, but a hibakusha cannot escape being a hibakusha,” a doctor told me. I decided to face the reality ever since. After meeting more than 1,000 A-bomb survivors, there are some I cannot forget. One woman told me emotionlessly that she would probably have been a happy ordinary person if she had not become a hibakusha. Another woman who was exposed to both the Hiroshima and Nagasaki A-bombs suffered seven miscarriages and stillbirths. Their faces still appear in my mind. I want to remember that the people whom I listened to were alive. In 2016, I became a consultant for Nihon Hidankyo, hoping to put my knowledge to use as much as possible. I consult with A-bomb survivors about their daily lives once a week by phone or in person at a Nihon Hidankyo office. Their questions are mainly about nursing care and pensions. Some people just want someone to listen to their concerns about how they will spend their final days. Listening to such concerns is also part of my job. Hibakusha had their lives shattered by the atomic bombings. Nevertheless, they have continually raised their voices, saying such things as “No more nuclear weapons” and “No more wars.” Reflecting on Nihon Hidankyo winning the Nobel Peace Prize, I felt that even though a lot of people died, their feelings are being kept alive. I would like to attend the award ceremony in Oslo carrying the thoughts of many A-bomb survivors. — Interviewed by Yomiuri Shimbun Staff Writer Kaho YamashitaBhopal (Madhya Pradesh): Almost four out of ten minor girls who leave their homes without informing parents are driven by domestic issues to take the drastic step. A study conducted by the State Police Headquarters (PHQ) showed that ‘home-related issues’, that includes annoyance with family, poverty, denial of education were among the key reasons that drove young girls to run away from their homes. Around 43.4 % missing girls left their home over the domestic issues. Stress and tension in homes is also forcing the young girls to leave their house. There were several girls who wanted to study, but their family did not permit them to go to school. So they decided to leave their homes. The study covered cases of missing minor girls in the state from January 2024 to September 2024. Around 15% of the girls leaving their homes want to live with their relatives instead with parents citing different reasons. These girls left their homes and went to the homes of their preferred relatives to reside with them. Love affair: The second key reason attributed for girls leaving their home is ‘love affair’. Young girls infatuated by boys living in the neighbourhood, or their classmates, acquaintances and now increasingly social media pals, elope with their ‘lovers’, who, too, are in most cases minors. These girls are not aware that they cannot legally get married till attaining the age of 18 years. In such cases, their ‘lovers’ are charged with abduction, if they are major. Travel bug: Some girls have a wander lust and leave their homes just to visit places of their choice. They often travel ticketless and caught by railway staff or the RPF. Their percentage is around five. Sexual exploitation: Around 5% minor girls left their home because they faced sexual exploitation at the hands of family members, including father, brothers or other relatives. Financial distress: Around 3% of the girls cited financial distress at homes for their decision to runway. They said that their basic needs were not being met. Around one per cent of the girls went missing just because they lost their way back home.
Bayern Munich apologised to Paris Saint-Germain president Nasser Al-Khelaifi after the German club's fans displayed a banner that personally attacked him during Tuesday's Champions League game between the two teams at the Allianz Arena. The banner questioned how Qatari Al-Khelaifi could be a club owner, a UEFA Executive Committee member, the chairman of the European Club Association and a television rights holder as beIN chairman. It called him "plutocratic" and used an expletive. Editor's Picks Champions League as it happened: Bayern compound PSG misery 1d ESPN Confused Kompany: 'I don't look at' UCL standings 22h PSG boss Luis Enrique on UCL defeat: Blame me 12h Adriana Garcia "FC Bayern would like to apologise when its opponents and their representatives in its stadium feel personally attacked in this manner and tone, and are offended as a result," Bayern said in a statement. "The club would like to make it clear that these banners were not authorised by FC Bayern and do not reflect its stance. They are not in keeping with the good and long-standing relationship between the two clubs. "The tone of these banners also goes against the style of FC Bayern and the respectful relationship the club has with its international partners." Bayern beat PSG 1-0 thanks to Kim Min-Jae 's goal while the French side were reduced to 10 men when Ousmane Dembélé was sent off just before the hour mark. The 51-year-old Al-Khelaifi is unpopular among the Bayern fans for his influence on European soccer as chairman of the European Club Association, Qatar Sports Investments -- the owner of PSG -- and the Qatari state-owned beIN media group. He also joined UEFA's executive committee in 2019. Al-Khelaifi has long drawn scrutiny for apparent conflicts of interest because of his various roles. The ECA has a big influence on shaping the Champions League's playing format and commercial strategy, while beIN is one of the competition's major broadcast partners. In 2022, UEFA left Al-Khelaifi unpunished despite finding PSG guilty of misconduct for confrontations with match officials after losing in the Champions League. There were heated scenes involving Al-Khelaifi and then-PSG sporting director Leonardo after a defeat to Real Madrid . UEFA sanctioned Leonardo, but did not cite Al-Khelaifi in its disciplinary statement, nor did it say why. Al-Khelaifi, a former tennis professional, is a longtime friend of Qatar's ruling emir, Sheikh Tamim bin Hamad Al Thani, an International Olympic Committee member who is influential in global sports. Bayern fans had long protested against their own club's sponsorship deals with Qatar , which was accused of human rights abuses before it hosted the 2022 World Cup. The fans eventually got their way last year when Bayern's long-running sponsorship deal with Qatar Airways was not renewed. Information from Reuters and The Associated Press was used in this story.
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Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy Nasdaq 100 falling 1.2% in intraday trading. Rising expectations that the Bank of Japan may raise interest rates in December pushed the dollar-yen pair down by 1.5%, marking its steepest drop since late September. This triggered a wave of “risk-off” sentiment, pressuring major indices. The S&P 500 dipped 0.5% by midday, on track to snap a seven-day winning streak, while small caps in the Russell 2000 remained relatively steady. Treasury yields fell significantly as fresh economic data failed to stoke concerns about an imminent change in the Federal Reserve's interest rate path. The U.S. economy expanded at an annualized 2.8% in the third quarter, according to a second estimate that matched earlier print. October's Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge, also came in line with forecasts, showing a modest uptick. Traders continue to bet on easier monetary policy, with Fed funds futures pricing in a 70% probability of a 25-basis-point rate cut at the Dec. 18 meeting. In commodities market, gold inched up by 0.2%, while oil prices fell by 1% to $68 a barrel, heading for a three-day decline. Natural gas plummeted 7%, amid less cold weather forecasts reducing the outlook for heating demand. Meanwhile, cryptocurrencies reversed their recent losing streak. Bitcoin BTC/USD rallied nearly 5% to above $96,000, while Ethereum ETH/USD surged more than 7%, hitting price levels last seen in late June 2024. Major Indices Price Chg % Russell 2000 2,424.01 0.0% Dow Jones 44,747.65 -0.3% S&P 500 5,994.06 -0.5% Nasdaq 100 20,682.38 -1.2% According to Benzinga Pro data: The SPDR S&P 500 ETF Trust SPY edged 0.4% lower to $598.35. The SPDR Dow Jones Industrial Average DIA eased 0.2% to $448.13. The tech-heavy Invesco QQQ Trust Series QQQ fell 1.1% to $503.71. The iShares Russell 2000 ETF IWM inched 0.1% up to $241.01. The Real Estate Select Sector SPDR Fund XLRE outperformed, rising 1%. The Technology Select Sector SPDR Fund XLK lagged, down 1.9%. Semiconductor stocks, as tracked by the iShares Semiconductor ETF SOXX , witnessed broad-based declines amid rising trade tensions between U.S. and China following Donald Trump’s pledge to raise tariffs. Micron Technologies Inc. MU , Marvell Technology Inc. MRVL and Arm Holdings plc ARM were among the weakest performers, with drops of about 4.4%. Crypto-linked stocks rebounded after sharp drops witnessed a day earlier. Shares of Bit Digital Inc. BTBT were up 16%, while Riot Platforms Inc. RIOT and MARA Holdings Inc. MARA were up by 9% and 6%, respectively. Dell Technologies Inc. DELL tumbled by over 11% in reaction to earnings. Other stocks reacting to quarterly results were Crowdstrike Holdings Inc. CRWD , down 5.1%; Workday Inc. WDAY , down 5.2%; Autodesk Inc. ADSK , down 8%; HP Inc. HPQ , down 12% and Nutanix Inc. NTNX , down over 6%. Read Now: US–Mexico Trade Tensions Escalate As Mexican Peso Hits August 2022 Lows: Why Is Auto Industry Most At Risk? Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.