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By Timothy Gardner WASHINGTON (Reuters) - Commonwealth Fusion Systems, a private company spun off from the Massachusetts Institute of Technology, plans what it calls the world's first grid-scale fusion power plant in Virginia, to generate power by the early 2030s, the company said on Tuesday. The project, if successful, could revolutionize the global energy industry by tapping into a virtually limitless power source, similar to that which fuels the stars. But it is a long-shot. CFS lacks local and federal permits, investors to fund most of the plant's construction, and the answer to fusion's top technological question: how to get more energy out of a fusion reaction than what goes into it in the first place. Still, CFS, the largest private-sector fusion company, which has raised $2 billion since 2018 mainly for demonstration projects, is confident more money will flow for the plant. "The fact that there's a broad investor syndicate, that's a good thing," Bob Mumgaard, the company's CEO, told Reuters ahead of the announcement. CFS investors include Italian energy company ENI, Temasek, a sovereign wealth fund from Singapore, and Norway's Equinor. For decades, scientists in the U.S., China, Europe, Russia and Japan have hoped that fusion, the reaction that produces the light and heat from the sun, can be replicated and sustained on Earth. To create fusion reactions, physicists use lasers or magnets to jam two light atoms into one, releasing large amounts of energy. When harnessed, the reactions could be used in power stations to generate emissions-free electricity, helping to fight climate change. As power demand rises due to growth in artificial intelligence, electric vehicles, and cryptocurrencies, companies are raising billions of dollars in hopes of commercializing the technology. Unlike today's nuclear reactors, powered by fission, which splits atoms, fusion does not generate large amounts of long-lasting radioactive waste. But there are other challenges, such as ensuring materials withstand constant bombardments of high-energy neutrons and some of the hottest temperatures ever created on Earth, and how to transfer that heat to a turbine to generate electricity. Getting reactions to occur almost continuously instead of once in a while is yet another challenge. A fusion breakthrough came two years ago when scientists at a U.S. lab in California briefly achieved "fusion ignition" with lasers, though the energy output was tiny compared to the energy firing the lasers. NO GUARANTEE CFS said it will start seeking local, state and federal permits next year. That is well before it expects to produce in 2026 its first plasma, or a superheated, charged state of matter that allows fusion reactions, at SPARC, its demonstration magnet-driven project in Massachusetts. It hopes to reach net energy shortly after. "There is of course no guarantee in life that all will go according to plan, but it's pretty sure if you don't prepare, it won't," Mumgaard said about the plan to build in Virginia before ironing out the science. Dominion Energy will provide non-financial help, including development and technical expertise and leasing rights for the proposed site in Chesterfield County. Edward Baine, president of Dominion Energy Virginia, said CFS is "advancing the exciting energy potential of fusion." CFS expects ARC, the plant planned for Virginia, will have capacity to generate 400 megawatts of electricity — enough to power industrial sites or about 150,000 homes. Last year, the five-member U.S. Nuclear Regulatory Commission voted unanimously to separate fusion regulation from fission regulation, a move that developers of the new technology said would allow them to innovate. Last week, two anonymous NRC staffers who helped develop the rule, challenged the different licensing approach in a public document saying such plants could use large amounts of water for cooling and leak tritium, a hard-to-contain radioactive isotope. Mumgaard said CFS is learning how to deal with tritium at its Massachusetts facility and that the staffers' criticisms were "just part of the normal process of staff working through" fusion issues. (Reporting by Timothy Gardner; editing by Richard Valdmanis and Rod Nickel)
AP News Summary at 5:06 p.m. ESTJimmy Carter, 39th U.S. president, Nobel winner, dies at 100
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Stock market today: Wall Street slips as technology stocks drag on the market NEW YORK (AP) — Stocks slipped as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.6% Friday and the the Dow Jones Industrial Average lost 475 points, or 1.1%. The Nasdaq composite is down 2%. Technology stocks were the biggest drag on the market. The S&P 500 is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. 10 tips from experts to help you change your relationship with money in 2025 NEW YORK (AP) — As the calendar changes to 2025, you might be thinking about how to approach your relationship with money in the new year. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated. If you’re planning to make financial resolutions for the new year, experts recommend that you start by evaluating the state of your finances in 2024. Then, set specific goals and make sure they’re attainable for your lifestyle. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger. So says a new poll from NORC at the University of Chicago. It finds that about 8 in 10 Americans say that the person who committed the killing has “a great deal” or “a moderate amount” of responsibility for the Dec. 4 shooting of Brian Thompson. Still, some see suspect Luigi Mangione as a heroic figure. About 7 in 10 adults say coverage denials or health insurance profits also bear at least “a moderate amount” of responsibility for Thompson’s death. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal. Friday’s Mega Millions drawing is worth an estimated $1.15 billion. The prize has evoked headlines across the country, despite the nation's top 10 jackpots already having boasted billion-dollar payouts. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76 NEW YORK (AP) — Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76. Parsons died Thursday at his Manhattan home. He was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. Financial services company Lazard confirmed his death. Parsons was a longtime member of the company's board. His friend Ronald Lauder told The New York Times that the cause of death was cancer. Parsons stepped down Dec. 3 from the boards of Lazard and Lauder’s company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years. Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen has targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said Thursday's bombardment took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the airport in Sanaa, power stations and ports. The Israeli military later said it wasn’t aware that the WHO chief was at the location in Yemen. At least three people were reported killed and dozens injured in the Sanaa airport strike. Holiday shoppers increased spending by 3.8% despite higher prices New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. According to Mastercard SpendingPulse, holiday sales from the beginning of November through Christmas Eve climbed 3.8%, a faster pace than the 3.1% increase from a year earlier. The measure tracks all kinds of payments including cash and debit cards. This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas. Mastercard SpendingPulse says the last five days of the season accounted for 10% of the spending. Sales of clothing, electronics and Jewelry rose. Finland stops Russia-linked vessel over damaged undersea power cable in Baltic Sea FRANKFURT, Germany (AP) — Finnish police say authorities detained a ship linked to neighboring Russia as they investigate whether it damaged a Baltic Sea power cable and several data cables. It was the latest incident involving disruption of key infrastructure. Police and border guards boarded the Eagle S and took control as they investigate damage to the Estlink-2 undersea power cable. The cable brings electricity from Finland to Estonia across the Baltic Sea. The cable went down on Wednesday. The incident follows damage to two data cables and the Nord Stream gas pipelines. Both have been termed sabotage.Middle East latest: Israeli raid and airstrikes in West Bank kill at least 8 Palestinians
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Global Payments Inc. stock underperforms Monday when compared to competitorsIncident and Emergency Management Market Recent Trends, Size, Share, Growth, Industry Analysis, Advance Technology And Forecast - 2030 12-17-2024 08:06 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire Lockheed Martin (US), Johnson Controls (Ireland), Motorola Solutions (US), Honeywell (US), Collins Aerospace (US), AT&T (US), Eaton (Ireland), IBM (US), Hexagon (Sweden), NEC (Japan), BAE Systems (UK), Esri (US), Siemens (Germany), DEKRA (Germany), Everbr Incident and Emergency Management Market by Solution (Web-Based Emergency Management System, Emergency/Mass Notification System, Geospatial), Communication Tools & Devices (First Responder Tools, Satellite-Assisted Equipment) - Global Forecast to 2030. The global Incident and Emergency Management market [ https://www.marketsandmarkets.com/Market-Reports/incident-emergency-management-market-1280.html?utm_campaign=incidentemergencymanagementmarket&utm_source=abnewswire.com&utm_medium=paidpr ] is expected to grow from USD 137.45 billion in 2024 to USD 196.20 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period. This growth is primarily driven by the implementation of stricter public policies and government initiatives. Countries such as the US, India, and Kenya are increasingly adopting incident and emergency management systems in response to rising natural disasters and man-made crises, including terrorist attacks. Furthermore, the modernization of disaster management infrastructure in developed nations, coupled with the growing demand in developing regions to replace outdated systems with advanced solutions, is fueling the expansion of the incident and emergency management market. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1280 [ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1280&utm_campaign=incidentemergencymanagementmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Based on the vertical segment, the government and public sector accounts for the largest market size during the forecast period. Governments enforce regulatory policies that require preparedness and response measures for emergencies such as natural disasters and terrorist threats. To strengthen their capabilities, government agencies make substantial investments in advanced technologies, such as surveillance systems and mass notification solutions. The growing frequency of disasters has made the local, state, and federal governments to adopt comprehensive emergency management frameworks, fueling demand for these services. The integration of smart technologies into urban planning, especially in developing markets, is accelerating the adoption of incident management systems. By driving innovation and shaping investment trends, the public sector not only influences the market's growth but also sets the pace for advancements in emergency preparedness and response strategies. By the communication tool and device segment, the first responder tools segment is expected to grow at the highest CAGR during the forecast period. As the complexities of incidents grows, the demand for sophisticated communication solutions that enable real-time information sharing and enhance situational awareness among first responders has grown significantly. The growth of the first responder tools segment is fueled by advancements in communication technologies since these tools are crucial for enabling rapid and efficient coordination during emergencies. IoT integration is also elevating the capabilities of these tools, enabling better data collection and analysis in critical situations. With public safety agencies prioritizing interoperability and operational efficiency, the need for advanced communication tools tailored to first responders is increasing at a fast pace, outshining other segments in the market. This makes effective communication strengthen emergency responses and improving outcomes in high-pressure scenarios. By region, Middle East and Africa is expected to grow at the second fastest CAGR during the forecast period. Since the 1980s, the frequency of disasters in the Middle East and Africa region has increased due to the factors such as climate change and urbanization, which have made extreme weather events more frequent. United Nations Office for the Coordination of Humanitarian Affairs (OCHA) and the League of Arab States (LAS) play an important role in supporting these initiatives. These organizations promote the adoption of multi-hazard early warning systems that align with international standards such as the Sendai Framework. Governments are implementing comprehensive strategies for emergency management which include establishing disaster risk management agencies and investing in advanced technologies such as GIS and mobile communication to enhance crisis response capabilities. Hence, the Middle East and Africa region is growing at the second fastest CAGR in the incident and emergency management market during the forecast period. Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1280 [ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1280&utm_campaign=incidentemergencymanagementmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Unique Features in the Incident and Emergency Management Market Incident and emergency management systems provide end-to-end solutions, including preparedness, response, recovery, and mitigation. These systems enable organizations and governments to effectively plan, monitor, and execute emergency response strategies during natural and man-made disasters, ensuring a coordinated approach. The market is witnessing rapid adoption of cutting-edge technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), Geographic Information Systems (GIS), and Big Data analytics. These technologies enable real-time data collection, predictive analysis, and faster decision-making, improving the efficiency of incident management systems. A standout feature of incident and emergency management solutions is their ability to provide real-time monitoring and seamless communication during crises. Systems equipped with advanced communication tools and early warning mechanisms ensure timely alerts and situational awareness, minimizing the impact of emergencies. Incident and emergency management solutions are highly scalable and adaptable to various industries and organizational needs. They can be customized for public safety, healthcare, transportation, energy, and defense sectors, ensuring effective management of diverse emergencies. The market promotes collaboration between governments, private organizations, and emergency response agencies. This synergy improves resource sharing, disaster preparedness, and coordinated efforts, enhancing the overall effectiveness of incident management during critical situations. Modernizing outdated infrastructure is a key feature driving market growth. Developed countries are adopting advanced solutions to upgrade their emergency response systems, while developing nations are prioritizing infrastructure enhancement to handle evolving threats and disasters. Major Highlights of the Incident and Emergency Management Market Governments worldwide are implementing stricter public safety laws and initiatives to strengthen incident and emergency management systems. Countries like the US, India, and Kenya are investing heavily in such systems to address the growing frequency of natural disasters, terrorist attacks, and other emergencies. The integration of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Geographic Information Systems (GIS), and Big Data is transforming the market. These technologies facilitate real-time monitoring, predictive analytics, and improved decision-making, enhancing overall response capabilities. Developed nations are modernizing their disaster management infrastructure with advanced tools and solutions to improve emergency response. Simultaneously, developing countries are focusing on replacing outdated systems with modern technologies to enhance preparedness and recovery efforts. The rise in natural disasters, such as hurricanes, floods, and wildfires, alongside man-made catastrophes like industrial accidents and terrorist attacks, is driving demand for effective incident and emergency management systems. These solutions are critical for mitigating the impact of crises and protecting lives and property. Incident and emergency management solutions now feature advanced communication networks and early warning systems that enable rapid dissemination of alerts. This real-time communication ensures swift response and better coordination during emergencies. The market highlights the importance of public-private partnerships in improving disaster response and resource allocation. This collaboration enables governments, private enterprises, and emergency agencies to work together efficiently in managing crises. Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1280 [ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1280&utm_campaign=incidentemergencymanagementmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Top Companies in the Incident and Emergency Management Market The Incident and Emergency Management market is led by some of the globally established players, such as Lockheed Martin (US), Johnson Controls (Ireland), Motorola Solutions (US), Honeywell (US), Collins Aerospace (US), AT&T (US), Eaton (Ireland), IBM (US), Hexagon (Sweden), NEC (Japan), BAE Systems (UK), Esri (US), Siemens (Germany), DEKRA (Germany), Everbridge (US), LTIMindtree (India). The market players have adopted various strategies, such as developing advanced products, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the incident and emergency management market. The organic and inorganic strategies have helped the market players expand globally by providing advanced incident and emergency management solutions. Lockheed Martin is a global company specializing in security and aerospace. Its focuses on research, design, development, manufacturing, integration, and maintenance of advanced technology systems, products, and services. The company offers a wide range of solutions, including management, engineering, technical, scientific, logistics, system integration, and cybersecurity services. In emergency management, Lockheed Martin resources has a Global Emergency Operations Center (GEOC), a Customer Support Center (CSC), and the Annual Disaster Giving Program (ADGP). It serves clients in US and international across industries such as defense, space, intelligence, homeland security, and IT. The company operates in four main business segments including aeronautics, missiles and fire control, rotary and mission systems, and space systems. It operates across North America, Europe, Asia Pacific, and the Middle East and Africa. Johnson Controls is a global company specializing in smart, sustainable building solutions. It offers innovative products, services, and systems to enhance safety, comfort, and energy efficiency. In incident and emergency management, the company provides HVAC (Heating, Ventilation, and Air Conditioning) systems, fire detection, security systems, industrial refrigeration, and energy management solutions. It provides data-driven smart building services by integrating AI and machine learning through its OpenBlue digital platform, enabling customers to optimize their buildings for sustainability, occupant safety, and operational efficiency. Media Contact Company Name: MarketsandMarkets Trademark Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=incident-and-emergency-management-market-recent-trends-size-share-growth-industry-analysis-advance-technology-and-forecast-2030 ] Phone: 18886006441 Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/incident-emergency-management-market-1280.html This release was published on openPR.
More than the storyline and the acting abilities of the star-cast, it is the wonders of modern technology being exhibited on the screen which is drawing people to the theatres I happened to come across an article in a national daily that sought to eulogise 1975 as the most audacious year in the history of Hindi cinema. Despite being a year that celebrated a large number of blockbusters, it says, there were a few films which, fighting against all odds, created remarkable impacts and went on to become cult classics. Approximately half-a-century later, we are at the crossroads of a significant change in Bollywood where ‘metaphorical connotations’ find no place in the matter-of-fact style of presentation of cinematic themes. Going by the plethora of senseless films being exhibited in cinema theatres and the OTT platforms these days, one can only wonder at the ‘toxic’ taste of the audience who seem to be fed a regular dose of such nonsense in the name of entertainment by film-makers. A string of supposed ‘hits’ which are neither in the ‘traditional’ mould nor in the genre of sci-fi and period drama films seek to regale the audience with a mishmash of contents that bring out ‘wows’ from them. More than the storyline and the acting abilities of the star-cast, it is the wonders of modern technology being exhibited on the screen which is drawing people to the theatres – at least for the curiosity factor, if not for anything else. It is these ‘one-time’ viewings which make the ‘new-age’ cinema eventual hits, encouraging producers to make sequels. The popularity and impact of some of these ‘trending’ movies has become a topic of discussion with many dismissing criticisms against them with the simple justification that any negative remarks against such cinematic creations would amount to attacking the artistic freedom of the film-makers. Moreover, as commercial ventures, as long as people watched and enjoyed the films, there is no basis to be critical of the films. Spruced up with enough vulgarity and violence at times, the new genre of films has built up its own fan base. Besides, when the audiences are more inclined towards such contents, what deters the producers and directors from glorifying these ‘attributes’ to churn out potential money-spinners! Hence the contention that modern movies have replaced story and character with spectacle and noise does seem to have a ring of truth about it leading one to believe that with the audience and the industry evolving in response to changes in how people consume media, the concept of films as entertainment is being redefined all over again. However, there is arguably no dearth of connoisseurs of good cinema even today who see no harm in sitting through three hours of such movies to make some sense out of them, only to get disappointed in the end. After having lived through a period which was marked by the production of some of the most widely acclaimed films of all times with narratives that addressed the social and moral issues of the times, besides serving to take satirical looks at the political scenario prevalent, we now take satisfaction applauding the ‘excellences in technology’ which pass of as films. The film fraternity all over the world realise that film-making is a business of ideas. So is it a lack of ideas which is afflicting the world of cinema now! According to a doyen in the film industry, film-makers have failed to ignite the desire, and create the yearning among the cine-going public which once put them on that pedestal of fame as sellers of dreams. When it is claimed that the old must make way for the new, it doesn’t necessarily mean that in keeping with the changing times one has to end up bereft of fresh and innovative ideas. This is also true when it comes to the world of cinema! According to an acting diva of the modern era, what makes a movie truly successful in today’s cinematic landscape is the magic that it’s able to create. Whether it’s through powerful emotions, gripping action or unforgettable music, it is by weaving magic around these aspects of the movie that the film-maker has an instant hit on his hands. While films of yore used to be a blend of all these features which appealed to the public, movies today leave one confused as to their actual ‘composition’. In the past, elevating the entertainment quotient of a scene single-handedly came so very naturally to some film stars that their very presence on the screen spelt a few minutes of thrill and excitement for cine-goers. Is this a reflection of the deteriorating standards of cinema worldwide! The argument that the entertainment industry is a business like any other that’s primary purpose is to make money has brought in a trend where studios are prioritising marketing over quality. Instead of the few hours of respite from the rat-race called life that the dream-like ambiences the yesteryear films afforded, cinemas today unceremoniously propel one into the harsh world of realities. The slew of absurd movies hitting the theatres and OTTs at regular intervals which are undoubtedly a severe test on one’s intelligence quotient completes the list. The concept of entertainment has indeed changed! (Pachu Menon is a senior columnist based in Goa.)
