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The Biden administration is expected to announce a $1.5 billion federal loan to repower a shuttered Michigan nuclear plant, marking a first for the U.S. as the administration’s seeks to move the country toward 100% carbon-free power in the coming decades. The Palisades power plant in southwest Michigan, owned now by Holtec International, was decommissioned
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Norton Rose Fulbright hired public finance lawyers Alison Radecki as a partner and Helen Pennock as a senior counsel. Both will work in the firm’s New York City office and formerly worked at Orrick, Herrington & Sutcliffe. They are licensed to practice in New York. Radecki has more than two decades of experience helping issuers
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Beyond Meat shares doubled in extended trade after the meat-free burger maker promised “steep” cuts to its operating costs in 2024 and to charge more for its plant-based products. Shares of the company, which are highly shorted, briefly doubled in after-hours trading on Tuesday to a six-month high, before cooling to a gain of about
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Broker dealers are divided over whether small firms should be dealt more relaxed regulation and compliance standards, or be subject to uniform standards that treat large Wall Street banks and single person firms the same in the eyes of the Municipal Securities Rulemaking Board. The dueling sentiments came through in response to the MSRB’s request
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Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Germany’s deputy chancellor said there was “no chance” of sending ground troops to Ukraine and, in a rebuff to France, told Paris it should instead supply Kyiv with more weapons. Robert Habeck rejected French
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sweden has overcome the last remaining hurdle in its quest to become a Nato member as Russia’s full-scale invasion of Ukraine redraws the geopolitical map. Hungary’s parliament voted on Monday to approve Stockholm’s application to
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In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Warren Buffett shared a heartfelt tribute to the late Charlie Munger, calling his business partner of 60 years the architect of today’s Berkshire Hathaway. In
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This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. It’s Kate Duguid in New York; thanks for having me back to guest host Unhedged while Rob is off. It’s never a good idea to be the follow-up act
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has won the South Carolina Republican primary, inflicting another defeat on Nikki Haley in the race to win the party’s presidential nomination — this time in her home state. While Trump’s margin of
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In this article BRK.A OXY Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway‘s Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warren Buffett has warned Berkshire Hathaway shareholders that his sprawling $905bn conglomerate has virtually “no possibility of eye-popping performance” in the years ahead, laying bare the challenges that will confront his successors. The so-called Oracle
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Prime Minister Benjamin Netanyahu has finally unveiled Israel’s plans for Gaza after hostilities end in the enclave, submitting to his war cabinet a formal proposal that directly contradicts the objectives of the US. The one-page document, released overnight by his office, makes no mention of any role for the Palestinian Authority, the West Bank-based rival
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Two years into Russia’s full-scale assault on Ukraine, Europe’s defence industry is booming. The conflict and rising geopolitical tensions elsewhere, including in the Middle East, have boosted the order books of large established players and their suppliers. Global defence spending hit a record $2.2tn last year, while in Europe it rose to $388bn, levels not
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