The Frontier coalition, comprising companies like Google, Stripe, H&M, and Shopify, has committed $80 million toward innovative carbon removal technologies. This investment supports two pioneering startups that generate carbon removal credits: CO280 and CREW. Notably, the deal highlights the premium price paid to incentivize innovation: CO280: $48 million at $214 per metric ton, securing the removal of 224,500 metric tons of CO₂ between 2028 and 2030. CREW Carbon: $32.1 million at $447 per metric ton, capturing 71,878 metric tons of CO₂ using limestone filtration. While these carbon credit prices far exceed the target of $100 per ton, they reflect the…
Author: user
This December, the International Council on Clean Transportation (ICCT) released a report- “A Global and Regional Battery Material Outlook” that emphasized the critical need for major vehicle markets to achieve 100% BEV sales for new light-duty vehicles by 2035 and heavy-duty vehicles by 2040. This is in conjunction with the Paris Agreement’s target of limiting global warming to below 2°C. While progress lags behind this trajectory, many nations are setting ambitious targets and exploring new measures to accelerate vehicle electrification. This transition will drive a sharp rise in demand for batteries and essential materials like nickel, lithium, and cobalt. Nickel Demand…
By Andrew Chung (Reuters) -The U.S. Supreme Court agreed on Wednesday to hear South Carolina’s bid to cut off public funding to Planned Parenthood in a case that could bolster efforts by conservative-leaning states to deprive the reproductive healthcare and abortion provider of government money. The justices took up South Carolina’s appeal of a lower court’s decision barring the Republican-governed state from terminating funding to Planned Parenthood South Atlantic, the organization’s regional affiliate, under the Medicaid health insurance program because the organization provides abortions. Planned Parenthood South Atlantic operates clinics in the South Carolina cities of Charleston and Columbia, where…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. These days, it’s good to be a major tech player. But it’s also good to be a legacy giant looking to get back on the radar if you’re General Motors (GM). After slumping during the COVID-19 years, “without a doubt as far as the earnings and EBITDA and free cash flow, we’re going to be at record levels for GM,” Bank of America analyst John Murphy told Yahoo Finance Executive Editor Brian Sozzi during the Opening Bid podcast (see video or listen below).…
The Supreme Court on Wednesday agreed to hear arguments that a law that could lead to a ban of TikTok violates the U.S. Constitution’s free speech protections.The Supreme Court scheduled oral arguments in the case for Jan. 10, nine days before the law targeting the popular social media app is set to take effect.The law would require TikTok’s Chinese parent company ByteDance to sell the app or force Google, Apple, and other platforms to stop supporting the app in the United States.Congress passed the law, formally known as the Foreign Adversary Controlled Applications Act, due to concerns that TikTok’s Chinese…
Frank Elsner III, a director at ACNB Corp (NASDAQ:ACNB), has recently made a purchase of the company’s common stock. According to the latest SEC filing, Elsner acquired approximately 5.49 shares on December 13, 2024, at a price of $45.55 per share, totaling $250. The purchase comes as ACNB’s stock has shown strong momentum, gaining nearly 45% over the past six months. Additionally, Elsner received 172.89 shares as part of a director compensation plan, valued at $7,874. Following these transactions, Elsner’s direct ownership in ACNB Corp stands at 27,149.9991 shares. The $390 million market cap company trades at a P/E ratio…
Many asset owners are adopting net-zero objectives to manage their investment exposure to climate change risk. A net-zero investment objective aims to attain net-zero portfolio greenhouse gas (GHG) emissions by 2050, in line with the global goal of zero growth in real-world GHG emissions set by the Paris Agreement. Strategies to achieve a net-zero investment objective typically include reducing portfolio emissions to lower transition risk, investing in climate change solutions to capitalize on macro trend opportunities, and using engagement and advocacy to reduce systemic risks. Adding a net-zero objective to a traditional investment program presents challenges for asset owners because…
Investing.com — Baird cut its price target for Rivian Automotive Inc (NASDAQ:) to $16 from $18 given limited catalysts in 2025 and a weaker-than-expected demand environment for electric vehicles. The brokerage remains positive on Rivian’s brand and long-term prospects but expressed skepticism about near-term growth. Rivian’s Q3 results missed expectations, and its lowered production outlook has dampened its ability to offset fixed costs, Baird noted. “With the Volkswagen (ETR:) JV having recently closed and DOE funding announcement, which was a positive surprise, in the rearview, we see few catalysts in 2025 and expect shares to languish with EV sales, which may…
Investors are closely monitoring the company’s performance, as it navigates through the pressures of the biotech sector, which has been fraught with volatility. The 52-week low serves as a critical juncture for Sutro Biopharma (NASDAQ:), as market participants consider the company’s future prospects and potential for recovery. According to InvestingPro Fair Value analysis, the stock appears undervalued at current levels, though analysts anticipate sales decline in the current year. Discover comprehensive insights and 10+ additional ProTips with an InvestingPro subscription, including exclusive access to the detailed Pro Research Report for STRO. According to InvestingPro Fair Value analysis, the stock appears…
BRANFORD, Conn., December 18, 2024–(BUSINESS WIRE)–Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or the “Company”), The Protein Sequencing Company™, today announced that the Compensation Committee of Quantum-Si’s Board of Directors has granted 46,666 restricted stock units (“RSUs”) to new employees under the Company’s previously adopted Quantum-Si Incorporated 2023 Inducement Equity Incentive Plan, as amended (the “2023 Inducement Plan”). The RSUs were granted as an inducement material to the new employees becoming an employee of Quantum-Si in accordance with Nasdaq Listing Rule 5635(c)(4). The 2023 Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously…