Royal Dutch Shell has denied it is considering buying BP, citing UK rules that ban its bid for the next six months. The denial comes after a Wall Street Journal report citing sources about ongoing talks between the two companies. BP’s share price has underperformed its peers in recent years, with the company facing challenges … Read more
President Donald Trump revealed he’s searching for a new Federal Reserve chairman, focusing on “three or four people,” to replace Jerome Powell. Trump expressed his desire to replace Powell due to what he perceives as the Fed chief’s negative impact on the economy. Trump has demanded lower interest rates, citing potential benefits of saving $900 … Read more
A new index has identified 65 nations most at-risk to climate shocks, with over two billion people living in ‘red zone’ countries where disaster risk is high and access to finance is limited. The Climate Finance (CliF) VulnerabilityIndex, developed by Columbia Climate School and The Rockefeller Foundation, aims to provide a more comprehensive risk assessment, … Read more
SpaceX successfully launched its second mission of the day on Wednesday, sending up 27 Starlink communication satellites from the Space Coast. The Falcon 9 rocket booster made its 20th flight and lifted off from Space Launch Complex 40 at 3:54 p.m. after experiencing some delays. The launch came ahead of a rare double launch day, … Read more
Tesla CEO Elon Musk has fired Omead Afshar, the automaker’s vice president of manufacturing and operations, following year-over-year declines in car sales in key markets. Afshar led a team of high-level employees directly reporting to Musk. The move comes amid Tesla’s struggles with declining stock prices and brand reputation. The company’s stock is down 19% … Read more
The Phoenix Suns have made significant changes to their draft position, moving from holding the 52nd and 59th picks to now sitting at 36. General manager Brian Gregory’s measured approach is a sign of his understanding in extracting value from the draft. The Suns’ early moves have been praised by experts, with Khaman Maluach selected … Read more
Heart disease deaths in the US have decreased significantly over the past 50 years, while chronic heart conditions have seen a sharp rise. According to data from the US Centers for Disease Control and Prevention’s WONDER database, from 1970 to 2022, heart disease accounted for 41% of all deaths, down to 24%. The decline is … Read more
New research has found that drinking coffee without added sugar and cream can lower mortality risk, but excessive consumption of these additives can undermine the health benefits. A study published in The Journal of Nutrition followed over 46,000 US adults for about 10 years to investigate whether coffee habits affected mortality. The researchers found that … Read more
Senate Republicans are facing challenges in including a proposal to cut funding for the Consumer Financial Protection Bureau (CFPB) in their proposed megabill. Despite initial hopes, top Senate officials have deemed certain proposals ineligible for the legislation due to budget reconciliation rules. The House-passed version of the bill reduced CFPB funding by 70%. A proposed … Read more
NASA’s acting administrator, Janet Petro, has announced plans to reorganize the agency within weeks, but a Senate-confirmed administrator may not be in place until next year. The proposed changes would reshape the agency’s structure and reporting lines, with some functions potentially being moved to field centers. Petro stated that her goal is to finalize the … Read more