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DETROIT — If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases , it's likely that fewer buyers will choose EVs. Yet tax credits or not, auto companies show no intention of retreating from a steady transition away from gas-burning cars and trucks, especially given the enormous investment they have already made: Since 2021, the industry has spent at least $160 billion on planning, designing and building electric vehicles, according to the Center for Auto Research. In campaigning for the presidency, Trump condemned the federal tax for EV buyers — up to $7,500 per vehicle — as part of a “green new scam” that would devastate the auto industry. His transition team is reportedly working on plans to abolish the tax credits and to roll back the more stringent fuel-economy rules that were pushed through by the Biden administration. It is far from clear, though, that the Trump administration could actually rescind the credits. Trump's argument — one that most economists dispute — is that a rapid U.S. shift toward electric vehicles would lead to most EVs being made in China and would swell prices for America’s auto buyers. He has said he would redirect federal revenue recaptured from a canceled tax credit to build roads, bridges and dams. Ending the credits, which were a key provision of President Joe Biden's Inflation Reduction Act, almost certainly would reduce EV sales, which have been growing in the United States this year, though not nearly as fast as automakers had expected. The slowing growth has forced nearly all auto companies to scale back EV production and delay construction of battery factories that are no longer needed to handle a more gradual transition. Jonathan Chariff, an executive at Midway Ford in Miami, one of the company's top EV-selling dealers, said he thinks ending the tax credits would severely hurt sales. The credits reduce monthly payments, he noted, making an EV closer in price to a gasoline counterpart. “It becomes more affordable,” he said. “Otherwise, those individuals won't be able to afford the payments.” Chariff calculated that the $7,500 credit could shrink a buyer's monthly payment by between $200 and $250, allowing many to afford an EV. On average, electric vehicles sell for about $57,000, compared with around $48,000 for a gasoline vehicle, according to Cox Automotive. (Though they cost more up front, EVs generally are cheaper to operate because maintenance costs are lower, and in most cases electricity is much cheaper than gasoline.) To qualify for the credits, EVs must be built in North America. EVs that contain battery parts or minerals from China or any other nation that is deemed an economic or security threat to the United States qualify for only half the federal credit. Because of that restriction, most of the 75 EV models on sale in the U.S. are not eligible for the full credit. All EVs, though, can receive the full credit toward a lease — a benefit that Trump likely will target. Some plug-in gas-electric hybrids qualify for the credits, too. Asked about the president-elect's opposition to EV tax credits, Trump's transition team would say only that he has “a mandate to implement the promises he made on the campaign trail.” Elon Musk, a close adviser to Trump and co-leader of a commission that intends to identify ways to vastly shrink the federal government, appears to be aligned with the president-elect in canceling the tax credits. Musk, the billionaire CEO of Tesla who spent an estimated $200 million to help elect Trump, has said that ending the credits would hurt his rival companies more than it would Tesla, the U.S. sales leader in EVs by far. “I think it would be devastating for our competitors and would hurt Tesla slightly,” he said. Even so, it might prove difficult for Trump to rescind the credits without help from the new Republican-led Congress, many of whose members represent districts where the EV credit is popular. Trump has floated the idea of using a constitutional theory by which a president could decide whether or not to spend money Congress has appropriated. The president-elect has promoted the concept of “impoundment,” under which congressional appropriations set a ceiling — but not a floor — for spending federal money. John Helveston, an assistant professor at George Washington University who studies electric vehicles and policies, said that in his view, the impoundment theory wouldn't apply in this circumstance because the EV tax credits affect government revenue and are not an appropriation. In any case, Helveston said he doubts Trump could persuade Republican lawmakers to remove the credits from the Inflation Reduction Act because so many congressional districts benefit from the tax breaks. “Cutting the EV tax credit makes it harder for the battery factory in their town to sell their product,” he noted. A 1974 federal law bars a president from substituting his own view of spending programs, said David Rapallo, associate law professor at Georgetown University. If Trump cancelled the tax credits, Rapallo said, it would be challenged in court. Research by J.D. Power shows that once people know about the tax credits, they're far more likely to consider an electric vehicle. In the meantime, federal subsides, not only for buyer tax credits but also for converting factories to EV production, are helping General Motors, Ford and Stellantis make the enormously expensive transition away from gasoline vehicles. It's also helping Detroit's Big Three compete with foreign rivals, notably Chinese automakers that received government subsidies and had a head start in developing EVs, said Sam Fiorani, a vice president at the consultancy AutoForecast Solutions. At present, Ford and GM, while profitable overall, are losing money on EVs, unlike Tesla, though both expect their electric-vehicle operations to generate positive earnings in the coming years as costs ease and more vehicles are sold. Eliminating the federal tax credits, Fiorani suggested, would “hurt the Detroit Three in the long run as they become less competitive against global players making the technological leaps” for electric vehicles, GM, Ford and Stellantis all declined to comment, though their executives have said in the past that they will continue to develop EVs while still selling gasoline vehicles and hybrids. The Alliance for Automotive Innovation, a trade group that represents most automakers, has written to Trump in support of the tax credits, arguing that they help ensure that the U.S. “continues to lead in manufacturing critical to our national and economic security.” Hyundai, the Korean automaker, which has spent more than $7 billion on an EV factory in Georgia, could also suffer. The company sped up construction of the huge plant near Savannah and is now building EVs in the United States to try to capitalize on the tax credits for buyers. In the end, most automakers say their ambitious plans for transitioning to electric vehicles won't change regardless of policy changes in Washington. “We plan for the long term, so political considerations aren’t a factor in how we approach product development or capital investments,” said David Christ, vice president of Toyota North America, which is building a battery factory in North Carolina. ____ AP writers Fatima Hussein in Washington and Jeff Amy in Atlanta contributed to this report.
‘Tis the season to pick the perfect gift. And with less than two weeks until the holidays, Page Six’s expert editors are making their lists and checking them twice. In addition to asking stars what they’re gifting , we’ve broken down all of our own go-to present picks for 2024 below — from the “perfect” fragrance to some of the best jewelry we’ve tried all year. Parachute Percale Sheet Set “These are the best sheets, period. Cool to the touch and soft yet crisp. I’m asking for a second set this Christmas because I keep re-making my bed with the sheets I already own right after washing them.” — Melissa Minton, Page Six Style Senior Writer/Editor Jenny Bird Tome Hoops “Jenny Bird’s jewelry is my biggest hack for instantly elevating an outfit. Even jeans and a T-shirt look infinitely more polished when paired with these expensive-looking earrings, making them an incredible gift. After all, who can’t use another pair of hoops?” — Hannah Southwick, Page Six Commerce Writer Mar Soreli Ginger Mary Jane Flats “Slippers always make stellar holiday gifts, but why not go a step further (pun intended) by giving a pair they can wear out of the house, too? I fell in love with friulane — the traditional velvet slippers worn by gondoliers in Venice — when I visited Italy last year, and these Mary Janes are a beautiful twist on the classic style. They’re also incredibly comfortable and feel festive enough for any holiday party.” — Elana Fishman, Page Six Style & Shopping Director Phlur Missing Person Eau de Parfum “I’ve tried almost every Phlur fragrance and have a steady rotation of over three that I can’t get enough of. My favorite is the beloved Missing Person; it’s perfectly subtle yet addicting and plays well when layered with other scents. If you can get your hands on it, it’d make the perfect gift for anyone.” — Melissa Minton, Page Six Style Senior Writer/Editor Minted Hand-Painted Custom Ornament “This hand-painted home ornament is perfect for people like my parents who are transitioning from our childhood home to life in retirement. It’s also so beautiful that it won’t clunk up the tree like an actual chunky home ornament.” — Caroline Blair, Page Six Reality TV Reporter Snif Old Saint Wick Candle “This candle makes such a great gift. It smells amazing, and it’s so aesthetically pleasing that it can fit in with anyone’s home decor. We also use this candle all season long (not just for the holidays) as it’s the perfect winter scent.” — Tori Schneebaum, Page Six Photo Director Ugg Tasman Slippers “I got a pair of cozy Ugg slippers a few months ago and have worn them nonstop since. They’re the perfect present for the homebody on your list.” — Kelsey Stewart, Page Six Style Writer Pat McGrath Labs Mini MatteTrance Lipstick Trio “Beauty sets are some of my favorite gifts to give, and nobody makes better lipsticks than Pat McGrath. This trio of minis includes the perfect red Elson, the coral rose Beautiful Stranger and the peach sienna Fever Dream — a fab present for anyone who appreciates a statement lip.” — Elana Fishman, Page Six Style & Shopping Director Shani Darden Skincare Cleansing Serum “Shani Darden is one of the most celeb-loved aestheticians out there — and while you might not be able to treat your loved ones to an appointment, her products make great gifts. My mom’s a fan of her whole regimen, including this serum-like cleanser that emulsifies on the skin, adding a little luxury to her nighttime routine. I’m planning to slip a refill in her stocking, along with the brand’s Jennifer Aniston-loved Retinol Reform .” — Hannah Southwick, Page Six Commerce Writer Vrai Baguette Cluster Studs “If you’re in the market for something small and sparkly this season, Vrai makes some of my favorite lab-grown diamond designs on the market. How cool are these baguette-cut studs?!” — Elana Fishman, Page Six Style & Shopping Director Alo Yoga Make Waves Hoodie “Not all hoodies are created equal — and this fleecy French terry-lined design is by far the coziest I own. It single-handedly gotten me through plenty of winter WFH days, and it’ll definitely be on heavy rotation all season long. The perfect gift for anyone who loves to stay cozy. (One note: I’d recommend sizing down if you’re in between sizes, as it’s meant to fit oversized).” — Hannah Southwick, Page Six Commerce Writer Louis Vuitton Pre-Loved Vavin Chain Wallet “Come holiday time, my husband knows the way to my heart: fine jewelry and beautiful bags. I’m obsessed with the trunk-inspired clasp and detailing on this Vuitton design, which can be carried as either a clutch or a crossbody. Hint, hint!” — Elana Fishman, Page Six Style & Shopping Director Monos Compressible Packing Cubes “Holiday break is coming up and the Monos packing cubes are a must have for all holiday travel. These packing cubes saved my life during our Euro trip and they are the perfect practical gift for the jet-setter in your life. They come in a variety of different colors so you can match the cubes to their luggage set!” — Tori Schneebaum, Page Six Photo Director Jenny Bird U-Link Earrings “My sister-in-law has an unfortunate habit of misplacing earrings, so I try to replenish her stash when special occasions roll around. I’m currently eyeing these Jenny Bird beauties for her; they’re the perfect blend of classic and modern, and right in line with her personal style. Crucially, they also open and close with a hinge, which means no earring backs to lose!” — Elana Fishman, Page Six Style & Shopping Director Aesop Reverence Aromatique Hand Wash “This Aesop hand wash is to die for and so divine. I never feel like splurging on it for myself, so I’m asking for it for the holidays! It also makes a fabulous stocking stuffer, because who doesn’t love some great soap?” — Caroline Blair, Page Six Reality TV Reporter Fossil Plated Stainless Steel Ring “This chain-link style is one of my new everyday go-tos (and as someone who wears at least three rings every day, that’s saying something). Bonus: It’s stretchy, so you’ll have a little bit of leeway if you don’t get your giftee’s ring size exactly right.” — Hannah Southwick, Page Six Commerce Writer Adoore Alba Blazer “I have this blazer in black, and when I tell you I live in it all fall and winter, I’m not exaggerating! When I saw Adoore came out with it in another color, it was an immediate add to my Christmas list.” — Kristin McNamara, VP of Influencer Marketing & Franchise Growth Banana Republic Baroque Pearl Pendant Necklace “I have plenty of fun jewelry and basic pieces, but I want to spice up my everyday accessories. Pearls never go out of style, and the chain is a perfect length for me.” — Caroline Blair, Page Six Reality TV Reporter Dairy Boy The Barn Jacket “Barn jackets are having a major moment right now, and this cute cropped version’s one of my favorites. As a born-and-raised New Englander, I love Paige Lorenze’s Vermont-inspired designs . While the brown color I have is currently sold out, it’s still in stock (for now) in pale pink with the same cute zippered pocket and embossed back.” — Hannah Southwick, Page Six Commerce Writer Vince Feather-Appliquéd Italian Cable-Knit Sweater “I’ve been obsessing over this Vince cable-knit sweater with feather appliques. It’s perfect for a holiday gathering or winter weekend getaway.” — Kristin McNamara, VP of Influencer Marketing & Franchise Growth Alo Runner “These are seriously the best, most comfortable shoes I have ever worn. I’m not even a runner but I have been living in these sneakers for long walks, errands, etc. If someone in your life needs new sneaks, look no further than these. Plus, they are high quality and at a great price point!” — Brooke Matalon, Page Six Social Media Marketing Manager Fancy Feast x Jenny Lyons Set for Delight Collection “I couldn’t possibly leave my fur baby, Liz Lemon, out of my gifting picks! Fellow cat lady Jenna Lyons’ collaboration with Fancy Feast is as, well, fancy as you’d expect, with eight plates — four for felines, four for humans — featuring whimsical illustrations by the fashion icon herself. Just the thing for a holiday dinner pawty!” — Elana Fishman, Page Six Style & Shopping Director SaySo Cocktail Tea Bags “The perfect stocking stuffers! For the person who loves a good cocktail, these are super cute cocktail mixers in a tea bag. They are shockingly flavorful, easy to make and low-cal.” — Brooke Matalon, Page Six Social Media Marketing Manager Scotch & Soda Wool Blend Peacoat “I typically gift my husband clothing of some sort for every major occasion — mostly because he hates shopping for himself, but also because I have a ton of fun styling him! He’s been wearing the same old peacoat for close to a decade and could really use an upgrade, and this coffee-colored number might be just the ticket.” — Elana Fishman, Page Six Style & Shopping Director Vitamin A Terra Triangle Top “Bathing suits are one of my favorite articles of clothing — and since my family travels to warm weather every year during Christmas, I often like to gift swim! It’s something my entire family needs around that time of the year, and the trip always sneaks on us. I’ll be gifting my sister this Vitamin A triangle bikini because the print is super chic and fun — plus Vitamin A’s quality is completely unmatched!” — Kelly Laske, Page Six Senior Social Media Editor Vince Herringbone Wool-Blend Cardigan Jacket “Who doesn’t love a good, high-quality sweater? Vince is the brand for a cozy, luxurious sweater that can be dressed up or down. This wool cardigan is perfect for a day in the office or over a slip dress during a night out. I should be buying this for someone else but I may have to get it for myself!” — Kelly Laske, Page Six Senior Social Media Editor The Well Gift Card “There is nothing better than treating someone you love to a day of wellness! From cold plunges and infrared saunas to massages and facials, my favorite place that has it all is The Well. It has quickly become a staple in my ‘treat yourself’ routine and it’s the best way to combat the winter blues.” — Tori Schneebaum, Page Six Photo Director Roller Rabbit Jemina Toiletry Case “I have to replace my makeup bags pretty often because of how damaged they get from travel and makeup going in and out. I am obsessed with this one from Roller Rabbit because it has a water-resistant lining that’ll be be much easier to clean and keep nice over time. And to top it off, it’s the cutest pattern that’s the perfect vibe for a sunny travel destination! Who doesn’t love a fresh makeup bag? This is the perfect gift for anyone or a good item to treat yourself to.” — Kelly Laske, Page Six Senior Social Media Editor Why Trust Page Six Style Shopping This article was written by Hannah Southwick , Commerce Writer/Reporter for Page Six Style. Hannah spies deals on actually affordable celebrity-worn styles , puts Hollywood’s favorite labels to the test and finds the beauty products that keep stars red carpet-ready. She consults stylists and industry pros — including celebs themselves — for firsthand product recommendations, trend predictions and more. In addition to writing for Page Six since 2020, her work has been featured in USA Today and Parade.New treatment system to remove PFAS from drinking water operational by end of year
LOS ANGELES (AP) — Southern California quarterback Miller Moss is entering the transfer portal after losing the Trojans' starting job last month. Moss made his announcement on social media Monday.MINNEAPOLIS — Most of the reporters had left. The locker room was mostly empty. And yet here they were, two veterans of the game, looking at each other and smiling. Harrison Smith stood at his locker. Stephon Gilmore sat next to him, still wearing his purple jersey. They entered the league together in 2012 and respected each other from afar. Now they were together, laughing about how badly their legs ached from all the running they’d just done. But also embracing a moment late in a season they both have described as special. Advertisement Their Minnesota Vikings had just defeated an exceptional Green Bay Packers team 27-25 to improve to 14-2 on the season. The fourteen wins mattered, but Sunday’s victory was bigger than that. Minnesota has one regular-season game remaining on the road against the Detroit Lions . If the Vikings win, they will secure the NFC North and the No. 1 seed. GO DEEPER Vikings edge Packers 27-25 for shot at NFC’s No. 1 seed: Takeaways That would be massive for a couple of reasons. The Vikings are 7-1 at home this season, and their roster is one of the oldest in the NFL . Secure a bye, and not only would they have a week to rest and prepare for their next opponent, but they would also get an opportunity to play inside this 66,000-seat boombox. It was here inside U.S. Bank Stadium on Sunday that the Vikings made it clear they are a force to be reckoned with. For weeks, if not months, people on the outside have refused to take this team seriously. It’s not that NFL analysts and pundits haven’t been impressed by what head coach Kevin O’Connell has done or quarterback Sam Darnold ’s marvelous season. On the contrary. It’s more that Minnesota, which began the season with a projected Vegas win total of 6 1/2 games, has mostly been categorized as an exceptional story, a wholesome team composed of likable players capable of elite celebrations . Some cited the Vikings’ record in one-score games (9-1), even though about 77 percent of NFL games are decided by one score or less. Others compared this Vikings season to the 2022 campaign in which the Vikings flamed out in the wild-card round, even though that Vikings team did not have a budding superstar in Jordan Addison or Brian Flores working wonders as the defensive coordinator. But these Vikings are still fun. The story remains phenomenal. While Minnesota certainly has weaknesses, Sunday stamped this team with a sense of undeniability. Advertisement “We’re laying it on the line every single week with everything we absolutely have,” O’Connell said postgame, “and the best part of it is all we need is all of what we are.” Buried within those words are so many of O’Connell’s messages to the team from the spring. That they were talented enough. That they didn’t need external validation. That they would maximize everything they had because he wouldn’t allow anything less. The players trusted those words and watched them come to life. The 5-0 start verified O’Connell’s conviction, and their response to two midseason losses to the Lions and Los Angeles Rams only deepened the credibility of O’Connell’s position. GO DEEPER NFL Week 17 takeaways: Are Vikings on the Lions', Eagles' level? Should Cowboys keep McCarthy? One of the primary reasons for the Vikings’ strength is the relationship between the coach and his players. O’Connell reiterated his belief by calling six passes in the Vikings’ final seven plays Sunday when some coaches might have run the ball into a loaded box to eat up time and force the opposing coach to use his timeouts. O’Connell viewed that approach as a game-losing proposition. He believed Darnold would take care of the ball, properly delineating between prosperity and disaster. So, with his defense reeling late in the fourth quarter, he dialed up three rollouts. Darnold dumped the first to fullback C.J. Ham , who galloped for a first down. Darnold threaded a pass to superstar receiver Justin Jefferson on the sideline, which set up the finale. Darnold then arced the ball above Packers edge rusher Kingsley Enagbare , and backup running back Cam Akers contorted his body to snag it inches from hitting the ground. The Vikings players were not surprised by O’Connell’s aggression so much as they were stoked. “You want a coach who has all the confidence in the world in his football team,” linebacker Blake Cashman said. CLUTCH catch by Cam Akers for the first down to seal it! 🔥 📺: #GBvsMIN on FOX 📱: https://t.co/waVpO909ge pic.twitter.com/tqo6bSZaSp — NFL (@NFL) December 30, 2024 Minnesota is also a window into what happens when you pair an elite play-calling head coach with a defensive coordinator who has the gall to do whatever it takes to win, even if whatever it takes sometimes backfires remarkably. Before Sunday, the Vikings had played man coverage on just 15.7 percent of their defensive snaps this season, according to TruMedia. Minnesota has mostly thrived by spinning the dial with different zone coverages and blitzes. Advertisement But early in the week, Flores told his charges Sunday’s approach would be different. He termed it a “mano a mano” affair. Prepare your hamstrings, Flores told the defensive backs. As for the edge rushers, Jonathan Greenard and Andrew Van Ginkel knew that sacks were secondary. Keeping Packers quarterback Jordan Love in the pocket and not letting him roll to his right were the priorities. Sunday would depend on whether or not the Vikings could handle those two objectives. The Minnesota defenders did not question Flores’ plan. “He watches the tape,” Gilmore said. “He knows what position to put us in. We’ve just got to make it work.” GO DEEPER Week 17 NFL playoff picture: Vikings win sets up clash with Lions for NFC No. 1 seed According to Next Gen Stats, the Vikings used man coverage on 47.1 percent of the Packers’ dropbacks Sunday, including 11 of 13 on third and fourth downs. Packers head coach Matt LaFleur admitted postgame that he did not expect man coverage early in the game and shouldered the blame for not adapting quickly enough. Green Bay had scored 30 points in five straight games, but on Sunday, the team’s wideouts failed to make plays and Love pogo-sticked anxiously in the pocket. But it’s not just the defense that makes Minnesota a formidable opponent. The Vikings are talented and consistent on offense, too. Selling out against Jefferson (who had eight catches for 92 yards) has become a trendy strategy, yet it is regularly rendered fruitless because of how dynamic Addison has become. On Sunday, the second-year man executed a hitch route, then twirled into a wheel route and beat Packers safety Javon Bullard for a touchdown. Darnold and Addison making it look easy 😮💨 TD @Vikings ! 📺: #GBvsMIN on FOX 📱: https://t.co/waVpO909ge pic.twitter.com/T2NQ7GQV0d — NFL (@NFL) December 29, 2024 And when the Packers’ coverage floated with Addison, receiver Jalen Nailor sprung free, easily separating from defenders to haul in vital passes. Tight end T.J. Hockenson ’s presence matters when the Vikings must convert the sticks, and running backs Aaron Jones and Akers are no slouches either. Those weapons are paired with a gritty offensive line and, maybe most importantly, a quarterback who’s operating the controls as well as anyone in the NFL. You would think the 33-of-43, 377-yard, three-touchdown stat line would tell the story, but not even that does justice to the degree of difficulty of some of Darnold’s anticipatory throws Sunday over the middle. Advertisement His teammates’ postgame reaction exemplifies Darnold’s role in all of this. While the former journeyman QB completed his media duties on the field, Greenard schemed up a plan: Everyone would grab a water bottle, and when Darnold walked in, they would douse him aggressively. At that moment, the players took the scene further, hoisting Darnold on their shoulders and chanting 50 Cent’s “Many Men.” Standing in the corner of the locker room, O’Connell watched and shook his head like a proud father. The Sam Darnold experience continues. pic.twitter.com/k5db9DYdtp — Alec Lewis (@alec_lewis) December 30, 2024 It was an amazing snapshot, the perfect image of a team that enjoys being together as much as it enjoys its accomplishments. Smith and Gilmore shared that this is the secret sauce. It’s a chemistry and camaraderie that has garnered plenty of positive attention — but now demands respect. (Photo of Sam Darnold and Cam Akers : Jeffrey Becker / Imagn Images)Jimmy Carter, 39th US President, passes awayMacron names centrist ally Bayrou as PM
(The Center Square) – American taxpayers may provide a loan of more than $7.5 billion to a joint venture involving automaker Chrysler that plans to build electric vehicle batteries in Indiana. On Monday, the U.S. Department of Energy’s Loan Program Office revealed that StarPlus Energy has received a “conditional commitment” for the multi-billion dollar loan. If approved, teh money would help the collaboration between FCA US and Samsung SDI Co. construct two lithium-ion battery plants in the Kokomo 50 miles north of Indianapolis. The loan announcement comes after the Indiana Economic Development Corp. pledged hundreds of millions of dollars in state tax credits and incentives to the project. Stellantis, FCA’s parent company, and Samsung first announced plans to build an electric vehicle battery plant in Kokomo in May 2022. Then, in October 2023, the partners announced they would construct a second plant. According to Monday’s announcement, the project is expected to create up to 3,200 construction jobs as well as 2,800 plant jobs. The batteries built in Kokomo are forecasted to power about 670,000 electric cars each year. Stellantis would purchase the batteries for the vehicles marketed in the United States. An Energy Department fact sheet indicates that the interest rate for the loan would be the “applicable U.S. Treasury rate for the term of the loan with no credit spread.” No details on the term were immediately available. “This project reinforces President Biden’s Investing in America agenda to onshore and reshore domestic manufacturing technologies,” the Energy Department’s statement said. The loan would come through the federal government’s Advanced Technology Vehicles Manufacturing Loan Program, which was first established through the Energy Independence and Security Act of 2007. It would be the second Indiana plant to receive program funds. Last month, the Biden administration announced the finalization of a $1.3 billion loan to ENTEK, which is constructing a factory in Terre Haute to make separators used in lithium-ion batteries. The Biden administration and StarPlus must still complete some requirements before the loan can be finalized. Among them, StarPlus must create a Community Benefits Plan that demonstrates how the company will work with local officials and labor groups. The battery plants are being built using workers from local trade unions. Administration officials are also expecting StarPlus to participate in the Justice40 Initiative, which calls for 40% of the benefits produced from the government’s investment to boost communities that are considered underinvested “and overburdened by pollution.”
Dec. 12—The Trinity boys basketball team strapped in Thursday against Susquehanna Township — but not necessarily in the way the Shamrocks hoped for. It was a rollercoaster ride on Lawrence Kostelac Jr. court. Trinity fenced in the Indians for 21 first-half points and rode 8-0 and 10-0 runs for a 12-point halftime lead. Once the teams exited the locker room, Township jerked the Shamrocks off the rails, erupting for 53-point second-half explosion. Despite the turbulence, Trinity bore down to tough out a 76-74 barnburner. Senior Owen Schlager piloted the Shamrocks through the storminess, piling up 31 points while converting six straight foul shots in the final 30 seconds of regulation. "It was really just a team effort," Schlager said. "We all came together at the end. Halftime was a 12-point lead, so obviously, going into the half, we were very happy with ourselves. Offensive rebounding, we put an emphasis on that, and I think we cleaned that up. But they ended up hitting shots in the second. We can't let them get back in the game like that, so we'll take the win, but we got a lot to improve." Much of the Shamrocks' turbulent tendencies were self-inflicted. Trinity (4-2, 2-0 Mid-Penn Capital) lost the turnover battle, coughing up the ball 15 times, and succumbed to early foul trouble with three starters — Reece Brown, Dre Steele and Liam Sexton — all logging limited first-half minutes. The 'Rocks resorted to a tender approach in the second half, which allowed Township (1-3, 0-2) to turn on the afterburners. Alfonso Burnett and Mekhi Slappy each recorded 14 of their team-high 19 points across the last 16 minutes, flipping a 33-21 halftime deficit into a 52-45 third-quarter hole and into a 74-72 decision with 10.9 seconds remaining. "In the second half, we came out soft on defense, and I think we were tentative because of the foul trouble," Trinity head coach Larry Kostelac Jr. said. "... And the bottom line is, (Township) took advantage of that. They are skilled athletes. They are very good players. They have four or five guys that can score the ball, and they scored. And they were scoring at that rim." If the Indians weren't cashing in at the cup, they continued to draw contact. The visitors took 21 turns at the charity stripe and banked 15 attempts. Between the free throws and the points in the paint, Township trimmed the Trinity advantage to five with 2:30 left, to four at the one-minute mark, to three with 30 seconds to play and threatened with a pair before four Schlager foul shots. "Imagine if we stayed out of foul trouble, what we could've gotten," Kostelac said. "And so it was a good team win. I thought Owen obviously did what a Division I player does at the end of the game. He got the ball in his hands, he gets fouled, he gets on the line and makes it. That's why he's a Division I player. A lot of kids can't do that." The late-game heroics weren't the only instance where Schlager saved the Shamrocks. With Township slicing the Trinity lead to four early in the second quarter, the Siena College commit skied to six points amid the 'Rocks' 10-0 rampage. Steele stepped up in the second half, scoring 12 of his 17 points. Brown also emerged, ripping off eight tallies in the fourth to reach 10. "It took a while in the summer (for us to click), but once we got it going, it was really good," Schlager said. "Obviously you have those ups and downs, so just having everyone contribute, it's just a great thing, and shows us that these kids can do what we want them to do. And if they can contribute on that level every night, that would be great for us." Thursday's triumph completed a six-game slate in 14 days for Trinity. The turnovers, the fouls and the attrition were the product of the long and windy road. Some stretches followed the path. Some ventured off course. But in the end, the Shamrocks strapped in. "It shows our potential," Schlager said. "We were really locked in, the whole team was. We wanted to come to the game, hold them, and when we scored, we wanted to blow them out. That didn't happen, but it shows the potential where we can get to. And if we keep working with each other, keep on practicing, we'll end up in a pretty good spot." Christian Eby is a sports reporter for The Sentinel and cumberlink.com . You can contact him at ceby@cumberlink.com and follow him on Twitter at: @eby_sports (c)2024 The Sentinel (Carlisle, Pa.) Visit The Sentinel (Carlisle, Pa.) at www.cumberlink.com Distributed by Tribune Content Agency, LLC.
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US stocks rally despite Trump tariff threat but European stocks fallNone
US stock indices pushed to fresh records Tuesday, shrugging off tariff threats from President-elect Donald Trump while European equities retreated. Trump, who doesn't take office until January 20, made his threat in social media posts Monday night, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they do not stop illegal immigration and drug smuggling. Both the Dow and S&P 500 notched all-time highs, with investors regarding the incoming president's words as a bargaining chip. "In theory, higher tariffs should not be good news for stocks. But, you know, I think the market's chosen to think of (it) as a negotiating tactic," said Steve Sosnick of Interactive Brokers. "You have bullish sentiment," said LBBW's Karl Haeling. "People are tending to look at things as positively as possible." But General Motors, which imports autos from Mexico to the United States, slumped 9.0 percent, while rival Ford dropped 2.6 percent. Overseas bourses were also buffeted by the news. European stocks followed losses in Asia, despite Trump excluding Europe as an immediate target for tariffs. "These are his first direct comments on tariffs and tariff levels since becoming president-elect, and they have roiled markets," said Kathleen Brooks, research director at XTB trading group, ahead of the Wall Street open. "It is early days, and there are plenty of opportunities for Trump to direct his attention to Europe down the line," Brooks added. The US dollar rallied against its Canadian equivalent, China's yuan and Mexico's peso, which hit its lowest level since August 2022. In other economic news, the Conference Board's consumer confidence index rose to 111.7 this month, up from 109.6 in October, boosted by greater optimism surrounding the labor market. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the labor market," said Dana Peterson, chief economist at The Conference Board. Pantheon Macroeconomics chief US economist Samuel Tombs added in a note that the increase in consumer confidence overall "likely was driven by euphoria among Republicans." "The index also jumped in late 2016, when Mr. Trump was elected for the first time," he said. Federal Reserve meeting minutes showed policy makers expect inflation to keep cooling, signaling a gradual approach to interest rate cuts if price increases ease further and the job market remains strong. New York - Dow: UP 0.3 percent at 44,860.31 (close) New York - S&P 500: UP 0.6 percent at 6,021.63 (close) New York - Nasdaq: UP 0.6 percent at 19,174.30 (close) London - FTSE 100: DOWN 0.4 percent at 8,258.61 (close) Paris - CAC 40: DOWN 0.9 percent at 7,194.51 (close) Frankfurt - DAX: DOWN 0.6 percent at 19,295.98 (close) Tokyo - Nikkei 225: DOWN 0.9 percent at 38,442.00 (close) Hong Kong - Hang Seng Index: FLAT at 19,159.20 (close) Shanghai - Composite: DOWN 0.1 percent at 3,259.76 (close) Euro/dollar: DOWN at $1.0482 from $1.0495 on Monday Pound/dollar: DOWN at $1.2567 from $1.2568 Dollar/yen: DOWN at 153.06 yen from 154.23 yen Euro/pound: DOWN at 83.41 pence from 83.51 pence Brent North Sea Crude: DOWN 0.3 percent at $72.81 per barrel West Texas Intermediate: DOWN 0.3 percent at $68.77 per barrel bur-jmb/stBoxing Day Test LIVE updates: Series on the line as Aussies chase wickets as day three begins against India
Mumbai, December 30 : The Indian stock market opened lower on Monday as selling was seen in the auto, IT, PSU bank, financial service, FMCG, media, energy and metal sectors on Nifty in early trade. At around 9:30 am, Sensex was trading at 78,523.25 after declining 175.82 points or 0.22 per cent, while the Nifty was trading at 23,758.20 after declining 55.20 points or 0.23 per cent. The market trend remained negative. On the National Stock Exchange (NSE), 815 stocks were trading in green, while 1,454 stocks were in red. According to experts, "as investors leave 2024 behind and look forward to the New Year, there will be more concerns than confidence, at least in the early days of 2025." "The biggest concern for stock markets, globally, is uncertainty surrounding Trump 2.0. The concern is that since market valuations are high any negative news might cause corrections," they added. Stocks To Buy or Sell Today, December 30: HDFC Bank, Tata Motors and Mahindra & Mahindra Among Shares That May Remain in Focus on Thursday, Know Which Stocks to Buy or Sell on December 30. Nifty Bank was down 74.80 points or 0.15 per cent at 51,236.50. Nifty Midcap 100 index was trading at 56,796.90 after dropping 182.90 points or 0.32 per cent. Nifty Smallcap 100 index was at 18,673.75 after dropping 82.10 points or 0.44 per cent. On the sectoral front, buying was seen in the Pharma and Healthcare sector. In the Sensex pack, Tata Steel, M&M, HCL Tech, Tech Mahindra, Maruti Suzuki, Bajaj Finserv, Titan, Kotak Mahindra Bank and Reliance were the top losers. Adani Ports, Bharti Airtel, ITC, Zomato, Nestle India, ICICI Bank, NTPC and UltraTech Cement were the top gainers. The Dow Jones declined 0.77 per cent to close at 42,992.21. The S&P 500 declined 1.11 per cent to 5,970.84 and the Nasdaq declined 1.49 per cent to close at 19,722.03 in the previous trading session on Friday. JSW Energy Share Price Today, December 30: JSW Energy Stock Opens in Green in Early Trade, Surges 5.50%. In the Asian markets, Bangkok and Seoul were trading in green while China, Japan, Jakarta and Hong Kong were trading in red. Foreign institutional investors (FIIs) sold equities worth Rs 1,323.29 crore on December 27, while domestic institutional investors bought equities worth Rs 2,544.64 crore on the same day. (The above story first appeared on LatestLY on Dec 30, 2024 11:02 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com ).NEW YORK (AP) — Greg Gumbel, a longtime CBS sportscaster, has died from cancer, according to a statement from family released by CBS on Friday. He was 78. “He leaves behind a legacy of love, inspiration and dedication to over 50 extraordinary years in the sports broadcast industry; and his iconic voice will never be forgotten,” his wife Marcy Gumbel and daughter Michelle Gumbel said in a statement. In March, Gumbel missed his first NCAA Tournament since 1997 due to what he said at the time were family health issues. Gumbel was the studio host for CBS since returning to the network from NBC in 1998. Gumbel signed an extension with CBS last year that allowed him to continue hosting college basketball while stepping back from NFL announcing duties. In 2001, he announced Super Bowl XXXV for CBS, becoming the first Black announcer in the U.S. to call play-by-play of a major sports championship. David Berson, president and CEO of CBS Sports, described Greg Gumbel as breaking barriers and setting standards for others during his years as a voice for fans in sports, including in the NFL and March Madness. “A tremendous broadcaster and gifted storyteller, Greg led one of the most remarkable and groundbreaking sports broadcasting careers of all time," said Berson. Gumbel had two stints at CBS, leaving the network for NBC when it lost football in 1994 and returning when it regained the contract in 1998. He hosted CBS’ coverage of the 1992 and 1994 Winter Olympics and called Major League Baseball games during its four-year run broadcasting the national pastime. But it was football and basketball where he was best known and made his biggest impact. Gumbel hosted CBS’ NFL studio show, “The NFL Today” from 1990 to 1993 and again in 2004. He also called NFL games as the network’s lead play-by-play announcer from 1998 to 2003, including Super Bowl XXXV and XXXVIII. He returned to the NFL booth in 2005, leaving that role after the 2022 season.
NYC judge excuses Rudy Giuliani lawyers, refuses to delay trial amid courtroom outburst from ex-mayor
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