News from November 19, 2025

Business

ROSEN, LEADING TRIAL ATTORNEYS, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FCX

New York, New York--(Newsfile Corp. - November 18, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026 in the securities class action first filed by the Firm.SO WHAT: If you purchased Freeport-McMoRan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport's workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm. Attorney Advertising. Prior results do not guarantee a similar outcome. -------------------------------Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/274990

Unknown 4 hours ago

Technology

'Tinder Swindler' Simon Leviev reportedly suing Netflix

He was arrested at Batumi airport on Sept. 15 and had been held in a penitentiary facility in the western city of Kutaisi. Leviev told TMZ that the allegations that led to the Interpol alert were false. He also doubled down on previous claims, accusing the three women in the popular 2022 Netflix documentary who went on camera and claimed he bilked them out of thousands of dollars were lying. Cecilie Fjellhøy, Pernilla Sjöholm and Ayleen Charlotte were all featured on the documentary. They trio said in the documentary that he has never been brought to justice. “The truth always prevails,” Leviev told TMZ regarding the allegations. “Women nowadays doing a lot of things to get famous. “No women gave me any money … on the contrary, I’m the one who gave them. They should not call me the Tinder Swindler, they should call me the Tinder Donor.”

Ian Shantz 4 hours ago

Business

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages DexCom, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - DXCM

New York, New York--(Newsfile Corp. - November 18, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DexCom, Inc. (NASDAQ: DXCM) between July 26, 2024 and September 17, 2025, both dates inclusive (the "Class Period") of the important December 29, 2025 lead plaintiff deadline.SO WHAT: If you purchased DexCom securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) DexCom had made material design changes to the G6 and G7 continuous glucose monitoring ("CGM") systems that were unauthorized by the U.S. Food and Drug Administration (the "FDA"); (2) the foregoing design changes rendered the G6 and G7 less reliable than their prior iterations, presenting a material health risk to users relying on those devices for accurate glucose readings; (3) accordingly, defendants' purported enhancements to the G7, as well as the device's reliability, accuracy, and functionality, were overstated; (4) Defendants downplayed the true scope and severity of the issues and health risks posed by adulterated G7 devices; (5) all the foregoing subjected DexCom to an increased risk of heightened regulatory scrutiny and enforcement action, as well as significant legal, reputational, and financial harm; and (6) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.Attorney Advertising. Prior results do not guarantee a similar outcome.-------------------------------Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/275003

Unknown 4 hours ago

Politics

Millworkers heartbroken over West Fraser-100 Mile Lumber closure

West Fraser-100 Mile Lumber employees like Kris Taylor are taking each day as it comes, following the announcement of the closure of their mill. Taylor is one of 165 West Fraser employees who were informed earlier this month that they’ll be losing their jobs by the end of the year. He said receiving the news on Thursday, Nov. 6, was absolutely devastating for him and his coworkers. “One week, we were told, ‘Hey, we’re doing really, really well, we have permits for logs.’ Just the way they put it, we thought we were doing really well, that we were going to go from four shifts maybe back to five,” Taylor recalled. “Then, last week, we were all brought into the lunchroom, and I got to see the heartbreak on everyone’s faces. It was a devastating bombshell that came right out of the blue; it impacted everyone. “It’s pretty sad. After we heard the news, I could see the look on some people’s faces, the heartbreak. Some people just bought brand new houses, brand new trucks, broncos, toys, everything, and then we get this dropped on us.” Coming home to his family that night was rough, Taylor said. He noted he called his wife after the news and almost broke down. His daughter, meanwhile, found out about the closure at work before he got a chance to tell her. An employee of West Fraser for the last 15 years, Taylor said he’s been a jack of all trades for the company. He’s worked as a lumber grader, supervisor, stack operator and most recently bin attendant. Despite how it’s ending, Taylor said he still looks back on his time with West Fraser fondly. For Taylor, the best part of working at the mill was the number of opportunities it provided him. He noted that 12 years in, he got the chance to become a supervisor, which had been a long-time goal of his. Traylor said the experience of learning how to lead a team was a rewarding one. “I would like to personally thank West Fraser for believing in me, giving me the opportunities I dreamt of. They’re a great company to work for,” Taylor remarked. “I love these guys, I love the people I work with, but it’s just a sad way to end it like this.” Now that he knows the mill is closing, Taylor said he and many of his co-workers are trying to figure out what’s next. Taylor said he’s considering trying to get a job at a mine or hibernating through the winter and trying to get a job on Enbridge’s upcoming Sunrise Expansion Project. “As for relocating, it’s probably last on my list, but if I can’t find anything around here, I’ll probably sit down with the wife and maybe talk about a potential relocation. I’ve spent three-quarters of my life here. I’m 42 years old, this is the place I thought I would retire,” Taylor said. “But, in a situation like this, I have to do what’s best for my family.” Taylor said he has talked with his coworkers about their plans in the past to get a sense of where their mentality was and what their Plan B was. For those who have been there for more than 40 years, he predicts they’ll just retire early. People like him, who still have families, will struggle with this change. “If I were 22, there are opportunities elsewhere. They always say the grass is greener on the other side. When I went through job to job like this before at a young age, it was no biggie, but 42 years old, it’s tough because we envisioned our careers at West Fraser,” Taylor remarked. “We’re trying to lift each other’s spirits up, but I can see deep down inside, I sense heartbreak and fear.” He did note that West Fraser is working to come up with a list of jobs at other mills they could potentially transfer to. Taylor noted that some people are afraid that if they pack up and move to a new mill, this might just happen all over again. “There’s a lot of uncertainty,” Taylor summarized. BC Minister of Forests Ravi Parmar told the 100 Mile Free Press that the news of West Fraser’s closure was heartbreaking. He asserted that it is the result of United States President Donald Trump’s attack on B.C. Forestry Sector. In its statement announcing the closure, West Fraser alluded to tariffs and called the fibre available to their 100 Mile operations “uneconomical.” “Forest workers pay the price, pay cheques get impacted, and livelihoods get impacted. This is a big deal for the 160 workers, but this impacts not only those workers, but also the workers and people living in 100 Mile,” Parmar said. When asked how his ministry will be supporting workers on the ground in 100 Mile House, Parmar said they’ll have people on the ground who will connect with workers like Taylor about next steps. Parmar pledged the government would not “allow 100 Mile to go through this alone.” He also indicated he plans to visit the community himself in the future. “The Province of British Columbia will be there every step of the way to not only help during these challenging times, but also help restore confidence in the forest sector in 100 Mile House and the Cariboo,” Parmar remarked. “We’ll have more to share on that in the days and weeks ahead.” Mayor Maureen Pinkney said the District of 100 Mile House is also ready to support workers in any way they can. She noted that the WorkBC Centre is a good place to start and that the district is updating its Path Forward booklet, originally written following the closure of the Norbord OSB Plant. She said they also plan to meet with ministers like Parmar and send letters to other levels of government. In the short term, she said, members of the Jobs and Economic Development Group from the Ministry of Jobs and Economic Growth. They’ll be sitting down with workers to provide counselling and job training. “We’ve definitely been talking to the agencies that are going to be talking to the workers, and we’re happy to see there is a lot of support for the workers who are directly impacted,” Pinkney said. Hopefully, some of the contractors who didn’t work at the mill but worked very closely with them are also able to get into that assistance. Our main focus is on our community, the loss of taxation and getting replacement jobs for all those jobs.”

None 4 hours ago

Technology

Driver with life-threatening injuries from County Road 42 crash

Article content The Ontario Provincial Police are asking for public help in an investigation after a driver was taken to hospital with life-threatening injuries following a single-vehicle collision on County Road 42 near Westport. The crash occurred on Sunday between 6 p.m. and 7 p.m. near Mon-O-Kel Road, the OPP said in a social media post Tuesday. Recommended Videos Police said the driver, a 37-year-old from Godfrey, remained hospitalized on Tuesday. Anyone with information about the collision was asked to contact the the OPP at 1-888-310-1122 and reference E251551577. Those wanting to remain anonymous can call Crime Stoppers at 1-800-222-8477 or leave tips online at ontariocrimestoppers.ca . Westport is located just over 100 kilometres southwest of Ottawa. Our website is your destination for up-to-the-minute news, so make sure to bookmark our homepage and sign up for our newsletters so we can keep you informed. Share this Story : Driver with life-threatening injuries after County Road 42 crash Copy Link Email X Reddit Pinterest LinkedIn Tumblr

Staff Reporter 4 hours ago

Politics

Missouri Sen. Eric Schmitt Demands D.C. Appeals Judge Suspend Rogue Jurist James Boasberg ASAP

In virtually every conversation about activist judges, D.C. District Chief Judge James Boasberg’s name quickly comes up. He approved the spying on Republican congressmembers in former Special Counsel Jack Smith’s Arctic Frost probe, and he forbade telecommunications companies like Verizon from revealing that they had received subpoenas. In July of this year, the DOJ filed misconduct charges against him for making public comments implying that the Trump administration would likely defy decisions from federal courts. Oh, but there's plenty more. He demanded that a flight deporting alleged Tren de Aragua gangbangers to El Salvador be turned around midair in March, and then he found probable cause to pursue criminal contempt against Team Trump when they indicated they were unable to do so because they claimed the plane was over international waters at the time. READ MORE: Activist Nation: Judge Orders Plane Carrying Gangsters Kicked Out by Trump to Turn Around In March, GOP Rep. Brandon Gill (TX-26) filed an impeachment resolution against the rogue judge, and he re-upped his resolution earlier in November. Now, Missouri Sen. Eric Schmitt is demanding that Chief Judge of the U.S. Court of Appeals for the D.C. Circuit Sri Srinivasan suspend Boasberg while Congress mulls impeachment proceedings. He fired off a series of blistering social media posts Monday, demanding that action be taken post haste: The letter read: We write to you regarding Chief Judge James “Jeb” Boasberg of the United States District Court for the District of Columbia. Chief Judge Boasberg should be administratively suspended pending formal impeachment by the House of Representatives and, if impeached, an impeachment trial by the Senate. On November 4, 2025, Articles of Impeachment were filed against Judge Boasberg for his role in Operation Arctic Frost, the Biden administration’s effort to target and spy on sitting Republican Senators and conservative organizations, including the Republican Attorneys General Association during Senator Schmitt’s tenure as chairman during his time as Missouri’s Attorney General. Schmitt has had plenty to say about Boasberg in the past; here's the senator in late October: A DEEPER DIVE: Let's Take a Look at That Judge Who's Trying to Thwart Trump's Attempts to Jettison Violent Gangbangers (VIP) Time and time again, we’ve seen activist judges jump off the third rope and try to thwart the duly elected president’s agenda with temporary restraining orders and injunctions on virtually every decision he makes. Luckily, the Supreme Court has stepped in and rectified the situation in a number of instances, but there’s no question that all these district court decisions are slowing the president’s roll. There are mechanisms in our system for dealing with judges who operate outside the bounds of the law. If there were ever a jurist to use them against, James Boasberg would appear to be the poster child. Editor's Note: Radical leftist judges are doing everything they can to hamstring President Trump's agenda to make America great again. Help us hold these corrupt judges accountable for their unconstitutional rulings. Join RedState's VIP and use promo code FIGHT to get 60% off your membership.

Bob Hoge 4 hours ago

Entertainment

Paul Stanley Teases New KISS Music, Talks Ace Frehley Legacy

Paul Stanley says KISS is possibly going to release some new music ... and he's remembering Ace Frehley's rock and roll legacy. We got Paul in Beverly Hills on Tuesday and our photog asked him about rumblings that KISS is working on new music. Paul indicates that's in the cards and tells us what some new KISS music might sound like. We also asked Paul about lyrics and he says even though KISS is getting up there in age, there's some timeless topics they can still rock out too ... freedom, self-empowerment, and enjoying life. Paul's been pretty outspoken about his love for Ace, who died last month after his family made the difficult decision to take him off his ventilator ... and Paul tells us how Ace helped make KISS into what it is today. No word when new KISS music might drop ... so stay tuned.

Unknown 4 hours ago

Technology

Stellantis Expands EV Charging Access with Tesla Supercharger Network Integration

Stellantis announced the adoption of the North American Charging System (NACS) for select Stellantis battery-electric vehicles (BEVs) in North America, Japan and South Korea, giving future access to more than 28,000 Tesla Superchargers across all five countries. Starting in early 2026 in North America and in 2027 in Japan and South Korea, Stellantis customers will be able to charge compatible BEVs at thousands of Tesla Supercharger locations, significantly enhancing fast-charging convenience and empowering long-distance travel confidence. Tesla Supercharger network availability will start in 2026 with existing North American BEVs, such as Jeep Wagoneer S and Dodge Charger Daytona, followed by the 2026 Jeep Recon and other future products.Additional details on network accessibility and adapter information for current Stellantis BEV models across brands in North America, Japan andSouth Korea will be shared later. This collaboration underscores Stellantis' strategy to offer freedom of choice by supporting vehicles that fulfill customer requirements and meet consumer demand. By unlocking broader access to charging infrastructure, Stellantis gives customers more choice, more coverage and more control over how, where and when they power their BEVs.

S&p Capital Iq 4 hours ago

Business

Certain Ordinary Shares of Fast Track Group are subject to a Lock-Up Agreement Ending on 19-NOV-2025.

Certain Ordinary Shares of Fast Track Group are subject to a Lock-Up Agreement Ending on 19-NOV-2025. These Ordinary Shares will be under lockup for 181 days starting from 22-MAY-2025 to 19-NOV-2025.Details:The Directors and executive officers have agreed, subject to limited exceptions set forth below, not to offer, pledge, sell, contract to sell, encumber, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company (the ?Lock-Up Securities?), that transfers, in whole or in part, any of the economic consequences of ownership of Shares or such other securities for a period of 180 days after the closing date of this Offering, without the prior written consent of the Representative.

S&p Capital Iq 4 hours ago

World

McMahon says federal school aid will keep flowing as Education Department hands off some duties to other agencies

Education Secretary Linda McMahon told CBS News that federal money to support low-income students and special education will continue to flow, as her department...

cbsnews.com 4 hours ago

Politics

Polish PM says two responsible for railway blast worked for Russian intelligence

WARSAW - Poland has identified two people responsible for an explosion on a railway route to Ukraine, Prime Minister Donald Tusk said on Tuesday, adding that they were Ukrainians who collaborated with Russian intelligence and that they had fled to Belarus. The blast on the Warsaw-Lublin line, which connects the Polish capital to the Ukrainian border, followed a wave of arson, sabotage and cyberattacks in Poland and other European countries since the start of the war in Ukraine.Warsaw has said Poland has become one of Moscow's biggest targets due to its role as a hub for aid to Kyiv.'The most important information is that ... we have identified the people responsible for the acts of sabotage,' Tusk told lawmakers, adding that they were Ukrainians who had collaborated with Russian intelligence for 'a long time.

Anna Wlodarczak-Semczuk,Pawel Florkiewicz 4 hours ago

Technology

Energy Department loans $1B to help finance the restart of nuclear reactor on Three Mile Island

By MARC LEVY HARRISBURG, Pa. (AP) — The U.S. Department of Energy said Tuesday that it will loan $1 billion to help finance the restart of the nuclear power plant on Pennsylvania’s Three Mile Island that is under contract to supply power to data centers for tech giant Microsoft. The loan is in line with the priorities of President Donald Trump’s administration, including bolstering nuclear power and artificial intelligence. For Constellation Energy, which owns Three Mile Island’s lone functioning nuclear power reactor, the federal loan will lower its financing cost to get the mothballed plant up and running again. The 835-megawatt reactor can power the equivalent of approximately 800,000 homes, the Department of Energy said. The reactor had been out of operation for five years when Constellation Energy announced last year that it would spend $1.6 billion to restart it under a 20-year agreement with Microsoft to buy the power for its data centers. Constellation Energy renamed the functioning unit the Crane Clean Energy Center as it works to restore equipment including the turbine, generator, main power transformer and cooling and control systems. It hopes to bring the plant back online in 2027. The loan is being issued under an existing $250 billion energy infrastructure program initially authorized by Congress in 2022. Neither the department nor Constellation released terms of the loan. The plant, on an island in the Susquehanna River just outside Harrisburg, was the site of the nation’s worst commercial nuclear power accident, in 1979. The accident destroyed one reactor, Unit 2, and left the plant with one functioning reactor, Unit 1. In 2019, Constellation Energy’s then-parent company Exelon shut down the functioning reactor, saying it was losing money and Pennsylvania lawmakers had refused to subsidize it to keep it running. The plan to restart the reactor comes amid something of a renaissance for nuclear power, as policymakers are increasingly looking to it to shore up the nation’s power supply, help avoid the worst effects of climate change and meet rising power demand driven by data centers. Follow Marc Levy at http://twitter.com/timelywriter.

Associated Press,Gqlshare 4 hours ago

Politics

Trump Administration Reviving Three Mile Island With $1 Billion Loan

The U.S. Department of Energy said Tuesday it will loan $1 billion to help finance the restart of the long-idle nuclear reactor at Pennsylvania’s Three Mile Island, which is under contract to supply power to Microsoft data centers. The move aligns with President Donald Trump’s priorities of boosting nuclear energy and supporting the growth of artificial intelligence. For Constellation Energy, which owns the site’s remaining operable reactor, the federal loan is expected to reduce financing costs as the company works to bring the 835-megawatt unit back online. The reactor, capable of powering roughly 800,000 homes, has been offline since 2019 but is slated for a 2027 restart under a 20-year agreement for Microsoft to purchase its output. Constellation announced last year that it would invest $1.6 billion to restart the unit — now renamed the Crane Clean Energy Center — and has begun restoring major equipment including the turbine, generator, main power transformer, and cooling and control systems. The loan is being issued through a $250 billion federal energy infrastructure program approved by Congress in 2022. Neither the Energy Department nor Constellation disclosed specific loan terms. Three Mile Island, located in the Susquehanna River near Harrisburg, was the site of the nation’s worst commercial nuclear accident in 1979, when a partial meltdown destroyed Unit 2. The plant’s remaining reactor, Unit 1, operated for decades until Constellation’s former parent company, Exelon, shuttered it in 2019, citing financial losses and the absence of state subsidies to keep the facility running. The restart comes amid renewed political and industry interest in nuclear power as policymakers seek carbon-free energy sources to meet rising electricity demand, particularly from power-hungry data centers. Federal officials say reviving existing nuclear plants will be critical to maintaining grid reliability and supporting long-term climate goals. This is a breaking news story. Updates to follow. This article includes reporting by the Associated Press. At Constellation’s nuclear power plant on Three Mile Island, called the Crane Clean Energy Center, near Middletown, Pa., the cooling towers are reflected in the Susquehanna River at sunrise on Wednesday, June 25, 2025. (AP Photo/Ted Shaffrey)

Gabe Whisnant 4 hours ago

Business

Federal Reserve releases new guidance for bank oversight in move praised by industry

By CHRISTOPHER RUGABER and KEN SWEET WASHINGTON (AP) — The Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor. In a set of sweeping changes, the principles call for bank examiners to focus on material financial risks and to “not become distracted from this priority by devoting excessive attention to processes, procedures, and documentation.” The guidelines are set out in a memo originally distributed to Fed employees Oct. 29 but released Tuesday. Michelle Bowman, the Fed’s vice chair for supervision, said the principles will “sharpen” the central bank’s focus and build “a more effective supervisory framework.” “By anchoring our work in material financial risks, we strengthen the banking system’s foundation while upholding transparency, accountability, and fairness,” Bowman said in a written statement. Bowman was named vice chair by President Donald Trump in March. Since Trump took office, federal bank regulators have been rolling back regulations that govern the nation’s banking system and other financial services companies. The Consumer Financial Protection Bureau, created after the 2008 financial crisis, is effectively not operating presently and has negated several of the regulations it put into place under President Joe Biden. Also Tuesday, Fed governor Michael Barr, who preceded Bowman as the vice chair for supervision, sharply criticized the changes in banking oversight at the Fed and at other agencies this year. “We are now, I believe, at a moment of inflection in the regulatory and supervisory approaches that help keep banks healthy,” Barr said in a speech. “There are growing pressures to weaken supervision … in ways that will make it harder for examiners to act before it is too late to prevent a build-up of excessive risk.” The announcement by the Fed matches a similar move by the Office of the Comptroller of the Currency, which also loosened how it measures risk among the banks it supervises as well as removed issues like reputational risk from how examiners look at the banks. Under the Fed’s new rules, banks can only be tested for material risks to their businesses or balance sheets, such as bad loans or unsound business practices. Banks will also able to self-certify on certain risk and supervision issues. These changes have been among the top priority for the banking industry since President Trump was elected into office. “Banks are most resilient when their examiners prioritize material financial risks, not check-the-box compliance exercises,” said Greg Baer, president and CEO of the Bank Policy Institute. Under the new framework, the Fed will also defer to other major bank regulators, including the OCC and state-level regulators, when it comes to who should supervise and examine these institutions. Bowman has also moved to reduce the Fed’s regulatory staffing by about 30%, mostly through attrition, a step Barr also criticized Tuesday. The cuts “will impair supervisors’ ability to act with the speed, force, and agility appropriate to the risks facing individual banks and the financial system,” Barr said. “Such a drastically reduced staff will slow response time for the public and the banks themselves, limit supervisory findings and enforcement actions, and erode supervisors’ ability to be forward-looking.”

Associated Press,Gqlshare 4 hours ago

Technology

UPDATE: Man in hospital after being stabbed multiple times in Hope

Update: Nov. 18, 3:54 p.m. A 53-year-old man was airlifted to the hospital for serious injuries after being stabbed multiple times in Hope. Hope RCMP, at least three Hope Fire Department fire engines, and Hope paramedics were on scene, in the area between Old Hope Princeton Way and Ryder Street, for the incident which took place before 5:45 p.m. on Monday, Nov. 17. “This was a targeted attack and there is no risk to the public,” said Staff Sgt.Mike Sargent. “Investigators were quick to identify two suspects and the investigation remains ongoing.” A serious police incident has occurred on Old Hope Princeton Way in Hope. Hope RCMP, at least three Hope Fire Department fire engines, and Hope paramedics were on scene for the incident which took place shortly after 6 p.m. on Monday, Nov. 17, across the Hope McDonald’s. Drivers should proceed with caution while traveling through the area. Alternative routes are available through Nelson Avenue and 5th Avenue. The Hope Standard has contacted the Hope RCMP for more information.

Kemone Moodley 4 hours ago

Technology

UK pay settlements rise to highest in 2025, Brightmine says

LONDON (Reuters) -Median pay settlements granted by British employers in the three months to the end of October rose to their highest so far this year at 3.3%, up from 3% in the three months to September. Brightmine said the move reflected higher public sector pay deals which took effect in August and September. "Early indications suggest that 2026 pay awards are likely to remain steady - and potentially edge lower - as cost pressures continue to weigh on employers," Brightmine manager Sheila Attwood said. * Median public sector pay award 3.8% versus 3% in privatesector * 53% of pay awards were below 2024 levels, while 13% wereabove * Survey based on 24 pay awards covering over 460,000employees which took effect between August 1 and October 31 * 44% of employers said pay awards fell short of employees'expectations * The Bank of England is closely monitoring wage growth forsigns of inflation pressure in the economy (Reporting by David Milliken; editing by Suban Abdulla)

Reuters 4 hours ago

World

Russia's Novatek gives deep discounts to sell sanctioned LNG to Chinese buyers, sources say

LONDON/SINGAPORE (Reuters) -Russian liquefied natural gas producer Novatek has slashed the prices of its cargoes by 30% to 40% since August to entice Chinese buyers to purchase sanctioned gas from its Arctic LNG 2 project, sources familiar with the matter told Reuters. The purchases have ended the commercial limbo for the $21-billion project, which is subject to some of the harshest sanctions the U.S. and Europe have imposed on Russia. Washington is seeking to block the flow of oil and gas revenue to Kremlin coffers as U.S. President Donald Trump ratchets up pressure on Moscow to end its war in Ukraine. The White House has also threatened action against countries that continue to buy Russian energy exports. But China, a longtime ally of Russian President Vladimir Putin, opposes Western sanctions. Cracking down on Chinese entities flouting them could prove tricky. Washington only last month struck a delicate truce in its trade war with Beijing, and one senior industry source said enforcing the measures could jeopardise U.S. ambitions of doing its own LNG deals with China. DEEP DISCOUNTS DRAW CHINESE BUYERS TO PUTIN-LINKED PROJECT Novatek, which is co-owned by some of Putin's closest allies, started producing LNG at the plant in December 2023. But it failed to sell a single cargo until August this year, when it slashed prices for Chinese buyers. The gas producer sold its first cargo, which was delivered on August 28, at a discount of $3 to $4 to the Asian benchmark LNG price of around $11 per mmBtu, according to an industry source familiar with the deal. For subsequent deliveries - there have been 14 in total since August - Chinese buyers continued to receive steep discounts of around 30% to 40%, a second source familiar with the deals said. That means cargoes are selling at $28 million to $32 million, well below their market value of over $44 million. The prices of the cargoes have not been previously reported. Reuters has been unable to ascertain the names of the Chinese companies that bought them. Novatek did not respond to a Reuters request for comment. WASHINGTON NOT ENFORCING ITS SANCTIONS Much of Moscow's oil and gas is not directly subject to Western sanctions. And China is the world's biggest buyer of its energy exports. Trump's predecessor President Joe Biden, however, imposed specific sanctions on Arctic LNG 2 as well as related entities and vessels soon after it began operations in December 2023. French partner TotalEnergies subsequently walked away from the project, though two of China's largest energy firms - China National Petroleum Corp and China National Offshore Oil Corporation - remained, each with a 10% stake. The sanctions have also derailed Russian hopes of acquiring a fleet of Arc7 ice-class tankers to make year-round deliveries. Until August, without a buyer, cargoes from the project floated at sea or were transferred to storage units, costing Novatek millions of dollars, according to traders. Trump has made ending the war in Ukraine a foreign policy priority. And to pressure Moscow to negotiate, he has broadened U.S. sanctions targeting Russian energy, pressed allies to do the same, and threatened countries buying Russian exports, including India, with steep tariffs. So far, however, Washington has not moved to punish Chinese entities involved in the Arctic LNG 2 purchases. "They are pressuring their allies to stop importing Russian gas or LNG. But they are not implementing their own sanctions on Arctic LNG 2," said Anne-Sophie Corbeau, a researcher at Columbia University's Center on Global Energy Policy. The White House did not respond to a Reuters request for comment, asking if the administration was concerned by the LNG purchases and if there were any efforts under way to discourage or prevent the transactions. China's government has approved the purchases, said the two Beijing-based senior industry sources. And the Chinese business registration portal shows the Beihai LNG Terminal in southern China, to which the cargoes are being delivered, is run by state-owned energy infrastructure monopoly PipeChina. When asked if the government gave guidance over the imports or if it was concerned Washington might impose sanctions on PipeChina, which runs most of the country's oil and gas infrastructure, the office of the foreign ministry spokesperson did not directly comment but reiterated China's opposition to unilateral sanctions and "long-arm jurisdiction". "Energy cooperation between China and Russia is normal economic and trade cooperation beneficial to both countries' people," the spokesperson's office said. BEIHAI BECOMES CHINA'S DEDICATED RUSSIAN LNG IMPORT TERMINAL Prior to August, Beihai, a mid-sized terminal, had been used to import gas from various sources and companies, including eight U.S. LNG cargoes in 2024. But since August, PipeChina has refused to grant other companies access to Beihai, which has effectively become a dedicated entry point for Russian gas, said a third Chinese source, a trader with direct knowledge of the matter. The UK government imposed sanctions on Beihai in October. PipeChina did not respond to requests for comment. Complicating matters, Trump, who has repeatedly integrated American energy exports into trade deals with partners seeking to reduce U.S. tariff burdens, has voiced his desire to sell more LNG to China. The United States would find it difficult to sanction PipeChina as that would also block U.S. gas sales, a Western energy executive, who sells gas into China, told Reuters. China has not imported any U.S. LNG since February due to tariffs imposed during the trade war between the world's two largest economies. (Reporting by Marwa Rashad in London, Emily Chow and Chen Aizhu in Singapore; additional reporting by Moscow bureau, Jarett Renshaw in Washington and Sam Li in Beijing; Editing by Dmitry Zhdannikov, Simon Webb and Joe Bavier) By Marwa Rashad, Emily Chow, Chen Aizhu and Anna Hirtenstein

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