Hyundai to collaborate with Ulsan, Guangzhou governments on hydrogen tech Hyundai Motor, Korea’s top automaker, signed an initial agreement with the southeastern city of Ulsan and the Chinese city of Guangzhou on Monday to facilitate the development of the global hydrogen ecosystem, according to its officials. Under the agreement, the three sides plan to create a consultative body related to the hydrogen industry and find joint projects for producing, supplying and using hydrogen energy as well as collaborative research projects for developing related technology. Hyundai Motor said it will also help Ulsan and Guangzhou strengthen their presence as hydrogen-friendly cities. Earlier this year, Ulsan was selected to lead the Korean government’s hydrogen city creation project. Guangzhou, in Guangdong Province, was also selected as one of five model areas to promote the use of hydrogen cars in 2021. Hyundai Motor CEO Chang Jae-hoon highlighted the two cities’ role in the global hydrogen industry, saying that the company mass-produced its first hydrogen vehicle in its Ulsan plant and that Guangzhou houses its first overseas hydrogen fuel cell system production base. the latest news shaping the hydrogen market at Hyundai to collaborate with Ulsan, Guangzhou governments on hydrogen tech, Energy ventures: Hydrogen wildcatters are betting big on Kansas to strike it rich A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are... New endeavour aims to boost hydrogen marine fuel in Tanzania his collaboration aims to establish a sustainable maritime sector in Tanzania by focusing on green hydrogen production, bunkering infrastructure, and vessel... Hanwha Power Systems signs MOU with TC Energy to accelerate commercialization of sCO2 power generation Hanwha has signed an MOU with TC Energy, one of North America’s largest natural gas pipeline operators, to...PARLIAMENT has reshuffled the chairpersons of various committees, with Murehwa West Member of Parliament Farai Jere and Clement Chiduwa being reassigned. Jere, who was serving on the Sports, Arts, and Recreation Committee, has replaced Chamu Chiwanza as its chairperson. The committee has been holding the Ministry of Sports, Arts, and Recreation accountable for the improvement of sports facilities in the country. Interestingly, Clement Chiduwa, who was previously chairing the Parliamentary Portfolio Committee on Budget and Finance, has been reassigned to the Industry and Commerce Committee, and he has been succeeded by Energy Mutodi. Former Minister of Information and Communication Technology, Supa Mandiwanzira, has been appointed to chair the Primary and Secondary Education Committee, moving from the Local Government and Public Works Committee. Hon. Dr. T. Khupe – Committee on Higher and Tertiary Education, Innovation, Science and Technology. Hon. I. Ndudzo – Committee on Justice, Legal and Parliamentary Affairs. Hon. J. Tshuma – Committee on Local Government, Public Works and National Housing. Hon. D. Malinganiso – Committee on Public Service, Labour and Social Welfare; Hon. E. Mutodi – Committee on Budget, Finance and Economic Development. Hon. E. Maoneke – Committee on Defence, Home Affairs.Security Services and War Veterans. Hon. T. Karikoga – Committee on Transport and Infrastructural Development. Hon. S. Mandiwanzira – Committee on Primary and Secondary Education Hon. F. Jere – Committee on Sports, Recreation, Arts and Culture; Hon. C. Chiduwa – Committee on Industry and Commerce. Hon. J. Samkange – Parliamentary Legal Committee.
NEW YORK (AP) — Donald Trump used his image as a successful New York businessman to become a celebrity, a reality television star and eventually the president. Now he will get to revel in one of the most visible symbols of success in the city when he rings the opening bell of the New York Stock Exchange on Thursday as he's also named Time Magazine's Person of the Year. Trump is expected to be on Wall Street to mark the ceremonial start of the day's trading, according to four people with knowledge of his plans. He will also be announced Thursday as Time's 2024 Person of the Year , according to a person familiar with the selection. The people who confirmed the stock exchange appearance and Time award were not authorized to discuss the matter publicly and spoke to The Associated Press on condition of anonymity. It will be a notable moment of twin recognitions for Trump, a born-and-bred New Yorker who at times has treated the stock market as a measure of public approval and has long-prized signifiers of his success in New York's business world and his appearances on the covers of magazines — especially Time. Trump was named the magazine's Person of the Year in 2016, when he was first elected to the White House. He had already been listed as a finalist for this year's award alongside Vice President Kamala Harris, X owner Elon Musk, Israeli Prime Minister Benjamin Netanyahu and Kate, the Princess of Wales. Time declined to confirm the selection ahead of Thursday morning's announcement. “Time does not comment on its annual choice for Person of the Year prior to publication,” a spokesperson for the magazine said Wednesday. The ringing of the bell is a powerful symbol of U.S. capitalism — and a good New York photo opportunity at that. Despite his decades as a New York businessman, Trump has never done it before. It was unclear whether Trump, a Republican, would meet with New York's embattled mayor, Democrat Eric Adams , who has warmed to Trump and has not ruled out changing his political party. Adams has been charged with federal corruption crimes and accused of selling influence to foreign nationals; he has denied wrongdoing. Trump himself was once a symbol of New York, but he gave up living full-time in his namesake Trump Tower in Manhattan and moved to Florida after leaving the White House. CNN first reported Wednesday Trump’s visit to the stock exchange and Politico reported that Trump was expected to be unveiled as Time's Person of the Year. The stock exchange regularly invites celebrities and business leaders to participate in the ceremonial opening and closing of trading. During Trump’s first term, his wife, Melania Trump, rang the bell to promote her “Be Best” initiative on children’s well-being. Last year, Time CEO Jessica Sibley rang the opening bell to unveil the magazine's 2023 Person of the Year: Taylor Swift . After the Nov. 5 election, the S&P 500 rallied 2.5% for its best day in nearly two years. The Dow Jones Industrial Average surged 1,508 points, or 3.6%, while the Nasdaq composite jumped 3%. All three indexes topped records they had set in recent weeks. The U.S. stock market has historically tended to rise regardless of which party wins the White House, with Democrats scoring bigger average gains since 1945. But Republican control could mean big shifts in the winning and losing industries underneath the surface, and investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favors will mean. Trump has long courted the business community based on his own status as a wealthy real estate developer who gained additional fame as the star of the TV show “The Apprentice” in which competitors tried to impress him with their business skills. He won the election in part by tapping into Americans' deep anxieties about an economy that seemed unable to meet the needs of the middle class. The larger business community has applauded his promises to reduce corporate taxes and cut regulations. But there are also concerns about his stated plans to impose broad tariffs and possibly target companies that he sees as not aligning with his own political interests. Trump spends the bulk of his time at his Florida home but was in New York for weeks this spring during his hush money trial there. He was convicted, but his lawyers are pushing for the case to be thrown out in light of his election. While he spent hours in a Manhattan courthouse every day during his criminal trial, Trump took his presidential campaign to the streets of the heavily Democratic city, holding a rally in the Bronx and popping up at settings for working-class New Yorkers: a bodega, a construction site and a firehouse. Trump returned to the city in September to meet with Ukrainian President Volodymyr Zelenskyy at his Manhattan tower and again in the final stretch of the presidential campaign when he held a rally at Madison Square Garden that drew immediate blowback as speakers made rude and racist insults and incendiary remarks . At the stock exchange, the ringing of the bell has been a tradition since the 1800s. The first guest to do it was a 10-year-old boy named Leonard Ross, in 1956, who won a quiz show answering questions about the stock market. Many times, companies listing on the exchange would ring the bell at 9:30 a.m. to commemorate their initial offerings as trading began. But the appearances have become an important marker of culture and politics -- something that Trump hopes to seize as he’s promised historic levels of economic growth. The anti-apartheid advocate and South African President Nelson Mandela rang the bell, as has Hollywood star Sylvester Stallone with his castmates from the film “The Expendables.” So, too, have the actors Robert Downey Jr. and Jeremy Renner for an “Avengers” movie and the Olympians Michael Phelps and Natalie Coughlin. In 1985, Ronald Reagan became the first sitting U.S. president to ring the bell. “With tax reform and budget control, our economy will be free to expand to its full potential, driving the bears back into permanent hibernation,” Reagan said at the time. “We’re going to turn the bull loose.” The crowd of traders on the floor chanted, “Ronnie! Ronnie! Ronnie!” The Dow Jones Industrial Average climbed in 1985 and 1986, but it suffered a decline in October 1987 in an event known as “Black Monday.” Long reported from Washington. Associated Press writer Josh Boak in Washington contributed to this report.
US inflation ticked up last month as some price pressures remain persistent WASHINGTON (AP) — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October. Excluding volatile food and energy costs, so-called core prices increased 3.3%. Measured month to month, prices climbed 0.3% from October to November, the biggest such increase since April. Wednesday’s inflation figures are the final major piece of data Federal Reserve officials will consider before they meet next week to decide on interest rates. The November increase won’t likely be enough to discourage the officials from cutting their key rate by a quarter-point. Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history has crumbled. The two companies accusing each other of not doing enough to push their proposed alliance through, and Albertsons pulled out of the $24.6 billion deal on Wednesday. The bitter breakup came the day after two judges — a federal judge in Oregon and a state judge in Washington — issued injunctions to block the merger, saying it could reduce competition and harm consumers. Albertsons is now suing Kroger, seeking a $600 million termination fee, as well as billions of dollars in legal fees and lost shareholder value. Kroger says the claims are “baseless.” Donald Trump will ring the New York Stock Exchange bell as he's named Time's Person of the Year NEW YORK (AP) — President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange for the first time and be named Time magazine's Person of the Year. Thursday's events will be a notable moment of twin recognitions for Trump, a born-and-bred New Yorker who has long seen praise from the business world and media as a sign of success. Four people with knowledge of his plans told The Associated Press that Trump was expected to be on Wall Street on Thursday to mark the ceremonial start of the day's trading, while a person familiar with the selection confirmed that Trump had been selected as Time's Person of the Year. Supreme Court allows investors' class action to proceed against microchip company Nvidia WASHINGTON (AP) — The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed. The court’s decision Wednesday comes the same week that China said it is investigating the the microchip company over suspected violations of Chinese anti-monopoly laws. The justices heard arguments four weeks ago in Nvidia’s bid to shut down the lawsuit, then decided that they were wrong to take up the case in the first place. They dismissed the company’s appeal, leaving in place an appellate ruling allowing the case to go forward. Apple's latest iPhones get the gift of more AI as holiday shopping season heats up SAN FRANCISCO (AP) — Apple is pumping more artificial intelligence into the latest iPhones during the holiday shopping season. It comes in the form of a free software update that includes a feature that enables users to create customized emojis within a matter of seconds. The Wednesday release of the iPhone’s upgraded operating system extends Apple’s expansion into AI months after rivals such as Samsung and Google began implanting the revolutionary on their devices. The update builds upon another one that came out in late October. The latest round of AI tricks includes “Genmojis,” Apple’s description of emojis that iPhone users will be able to ask the technology to create and then share. EU targets Russia's ghost fleet shipping oil in a new round of sanctions BRUSSELS (AP) — European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine. The EU's Hungarian presidency said Wednesday that the measures will target in particular a vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and fuel. The sanctions are aimed at about 50 of what are routinely decrepit ships. The sanctions will hit more officials and entities alleged to be helping Russia to improve its military technology by evading export restrictions. EU foreign ministers are set to formally adopt the sanctions package on Monday. Making a $1B investment in the US? Trump pledges expedited permits — but there are hurdles WASHINGTON (AP) — President-elect Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion. But like other Trump plans, the idea is likely to run into regulatory and legislative hurdles, including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects. Environmental groups called the plan a clear violation of the National Environmental Policy Act. The chief policy advocacy officer at the Natural Resources Defense Council says Trump should be careful what he wishes for. She said, "What if someone wants to build a waste incinerator next to Mar-a-Lago or a coal mine next to Bedminster golf course?” Trump says he'll name Andrew Ferguson head of FTC and Kimberly Guilfoyle as ambassador to Greece WASHINGTON (AP) — President-elect Donald Trump has made another flurry of job announcements. He said Tuesday that he had selected Andrew Ferguson as the next chair of the Federal Trade Commission, Kimberly Guilfoyle as the ambassador to Greece and Tom Barrack as the ambassador to Turkey. Ferguson is already one of the FTC's five commissioners and will replace Lina Khan. She became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars’ worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior. Guilfoyle became engaged to Don Trump Jr. in 2020, adn Tom Barrack is a longtime friend who was also the former Trump inaugural chair. Bank of Canada cuts interest rate by half a percentage point, highlights risk of Trump's tariffs TORONTO (AP) — Canada’s central bank lowered its key interest rate by half a percentage point while highlighting the risk of U.S. President-elect Donald Trump's threat of tariffs on all Canadian products. The Bank of Canada’s decision marked the fifth consecutive reduction since June and brings the central bank’s key rate down to 3.25%. The central bank noted a number of risks to the economy, including U.S. tariffs. Trump has threatened to impose a 25% tax on all products entering the U.S. from Canada and Mexico unless they stem the flow of migrants and drugs. Stock market today: Wall Street gets back to climbing NEW YORK (AP) — U.S. stocks are rising after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 rose 0.9% Wednesday and is on track to break its first two-day losing streak in nearly a month. The Dow Jones Industrial Average fell 7 points, and the Nasdaq composite climbed 1.8%. Treasury yields edged higher as expectations built that the inflation update will allow the Fed to deliver another cut to interest rates at its meeting next week. Inflation accelerated a touch last month but came in exactly as forecast.Targeted cash transfers to poor households could reduce Bangladesh's poverty rate by 6.13 percentage points, according to the Centre for Policy Dialogue (CPD), as the think-tank argued that current social safety net programmes are plagued by inefficiencies such as errors in beneficiary selection. At a dialogue in Dhaka yesterday, the CPD proposed providing Tk 4,500 per month to targeted households based on their level of income. The CPD said households could be identified using a poverty scorecard and intervention approaches could be tailored to poverty-prone, climate-vulnerable and highly poverty-prone areas. The think tank contended that current social safety net programmes, despite costing crores in taxpayer money, are insufficient and inefficient in addressing poverty. According to the National Household Income and Expenditure Survey (HIES) 2022, the poverty rate in Bangladesh was 18.7 percent, while the extreme poverty rate stood at 5.6 percent. Despite more than 140 ongoing poverty alleviation programmes, the think tank said the beneficiary selection process does not have objective metrics, meaning officials can exercise excessive discretionary power, which ultimately leads to prejudice and nepotism. "Besides, most of these programmes are rural-centric, which is ineffective in reducing overall poverty," said Towfiqul Islam Khan, a senior research fellow at the CPD. While presenting the keynote at the dialogue, titled "Assessing the Viability of Universal Basic Income (UBI) in Bangladesh" at Hotel Lakeshore in Gulshan, Khan said that the government should select its approach based on the country's limited revenue mobilisation capacity. Professor Rehman Sobhan, chairman of the CPD, Amir Khasru Mahmud Chowdhury, former commerce minister, and KAS Murshid, head of the interim government's sustainable development review task force, also spoke at the event. Targeted cash transfers to cost up to 1.35% of GDP The CPD estimated that a nationwide cash grant programme could cost the government 1.35 percent of the country's gross domestic product (GDP). "The second approach, providing targeted cash grants to poverty-prone households, would cost around 0.84 percent of the GDP. Programmes for climate-vulnerable and highly poverty-prone areas would cost 0.67 percent and 0.27 percent of GDP, respectively," Khan said. "The people of Bangladesh have a right to a minimum income as citizens. While there may be challenges, this is the government's responsibility, not the people's," said Debapriya Bhattacharya, a distinguished fellow at the CPD who also moderated the event. In his speech, Professor Rehman Sobhan said the Universal Basic Income (UBI) could be a serious policy option for Bangladesh. He said that the UBI concept has been discussed globally since the 1980s, originating from an International Labour Organization official. Sobhan appreciated the CPD for producing a comprehensive paper, saying that it has moved beyond academic discussion and now holds the possibility for a real-world impact. "This is no longer an academic paper... it has the possibility of being taken seriously," Prof Sobhan said, calling to include the UBI in the upcoming national budget. The renowned economist also cautioned against potential implementation issues, especially the risk of UBI being used as a tool for political patronage. "Every single government in my living memory has used cash transfer programmes as an instrument of patronage," he said. Social safety net needs overhaul Taskforce head Murshid said Bangladesh has around 120 social protection programmes. "Bringing them under a single umbrella would improve their effectiveness. Now is the opportune moment to consider this approach," he said. He elaborated on the inconsistency in defining poverty and the poor, saying that targeting errors, omissions and inclusions continue to dent progress. "We haven't overcome these issues. In fact, our performance has deteriorated over the years." Besides, Murshid mentioned that social protection programmes remain largely focused on rural areas despite the shift towards urbanisation, with nearly 40 percent of the population now residing in urban areas. Given the current economic slowdown, Murshid emphasised the importance of expanding the safety net to include those just above the poverty line who are at risk of slipping into poverty. Identifying vulnerable populations is important to prevent further deterioration, he added. Former commerce minister Khasru said the mindset of people in Bangladesh has undergone a significant shift since the deposal of the "autocratic regime". "The way people's attitudes, expectations and values have changed aligns with today's presentation," he said, warning that political leaders who fail to recognise this change have no future. He stressed the need for Bangladesh to become an egalitarian society, identifying over-exploitation, wealth concentration and corruption as major issues draining the economy and depriving people of their share. Advocating good governance and efficient delivery systems, especially at the local government level, Khasru discussed the need for sustainable programmes, noting that a basic income or wage alone is not a viable solution. Prof Mustafizur Rahman, a distinguished fellow of the CPD, called for public-private partnerships to address economic challenges, stressing the importance of viewing the issue from an anti-oppression perspective. "Nothing is as strong as an idea whose time has come," he said. "Everyone should have a minimum income... this is not about means-testing," he said. Mostafa Kamal, additional secretary of the social welfare ministry, said social safety net programmes were not as successful as expected due to flaws in planning and weaknesses in implementation. "These issues have to be looked into before any new programmes are launched," he added. Rizwan Rahman, former president of Dhaka Chamber of Commerce and Industry, said he had seen news of 300 people receiving incentive assistance from the same mobile number during the Covid-19 pandemic. "This should not happen under new programmes." He also suggested ensuring that social security allowances do not go above the minimum wage. "Otherwise, the tendency to remain unemployed may increase." Imran Matin, executive director of the BRAC Institute of Governance and Development, said transparency and accountability are key to the success of any government programme and must be ensured.
Transgender San Jose State volleyball player won't be sidelined, judge rules
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CTX-471 is a monoclonal antibody commercialized by , with a leading Phase I program in Head And Neck Cancer. According to Globaldata, it is involved in 3 clinical trials, of which 1 was completed, and 2 are planned. Smarter leaders trust GlobalData The gold standard of business intelligence. The revenue for CTX-471 is expected to reach an annual total of $104 mn by 2040 globally based off GlobalData’s Expiry Model. The drug’s revenue forecasts along with estimated costs are used to measure the value of an investment opportunity in that drug, otherwise known as net present value (NPV). Applying the drug’s phase transition success rate to remaining R&D costs and likelihood of approval (LoA) to sales related costs provides a risk-adjusted NPV model (rNPV). The rNPV model is a more conservative valuation measure that accounts for the risk of a drug in clinical development failing to progress. CTX-471 Overview CTX-471 is under development for the treatment of metastatic solid tumors including mucosal melanoma, metastatic melanoma, mesothelioma, non-small cell lung cancer, head and neck cancer and small-cell lung cancer. CTX-471 acts by targeting TNF superfamily and its ligands. It is administered by intravenous route. The drug candidate is developed based on StitchMabs and Sympleitope technologies. It acts by targeting CD137. Compass Pathways Overview is a biotechnology company that carries out the development of mental health treatments. The company provides the development of COMP360 psilocybin treatment, a novel approach to mental health care that combines a proprietary psilocybin formulation with psychological support. products are designed for use in the healthcare industry for the treatment of mental health conditions. It collaborates with research institutions and partners. is headquartered in Altrincham, Cheshire, the UK. The operating loss of the company was US$136.9 million in FY2023, compared to an operating loss of US$110.4 million in FY2022. The net loss of the company was US$118.5 million in FY2023, compared to a net loss of US$91.5 million in FY2022. For a complete picture of CTX-471’s valuation, From Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors. , the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. To create this model, GlobalData takes into account factors including patent law, known and projected regulatory approval processes, cash flows, drug margins and company expenses. Combining these data points with GlobalData’s world class analysis creates high value models that companies can use to help in evaluation processes for each drug or company. The rNPV method integrates the probability of a drug reaching a clinical stage into the cash flow at that time, which provides a more accurate valuation, as it considers the probability that the drug never makes it through the clinical pathway to commercialization. GlobalData’s rNPV model uses proprietary likelihood of approval (LoA) and phase transition success rate (PTSR) data for the indication in the highest development stage, which can be found on GlobalData’s .Duke's Diaz: QB Murphy faces internal discipline for raising middle fingers in Virginia Tech winNoneAn icon of the left: Part – II
