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California will revive its own subsidy programs for electric vehicles if Donald Trump guts US federal tax breaks for such cars, the state's governor said Monday. The president-elect has said repeatedly he would scrap what he called the "electric vehicle mandate" -- actually a $7,500 federal rebate for anyone who purchases an EV. Gavin Newsom, who heads the solidly Democratic state and has pitched himself as a leader of the anti-Trump political resistance, said Monday California was not "turning back" towards polluting transport. "We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California," Newsom said. "We're not turning back on a clean transportation future -- we're going to make it more affordable for people to drive vehicles that don't pollute," he added. "Consumers continue to prove the skeptics wrong -– zero-emission vehicles are here to stay." If Trump scraps the tax credit, California could revive its own Clean Vehicle Rebate Project, which ran until November 2023, granting rebates of up to $7,500 for people buying battery-powered cars, a press release said. California leads the nation in electric vehicle adoption, and is the single biggest market in the country, representing around a third of all units sold in the United States. State figures show that more than two million so-called "zero emission vehicles" -- which include fully electric vehicles as well as plug-in hybrids -- have now been sold in the state, with one-in-four new cars in that category. On the campaign trail, Trump was frequently hostile to electric vehicles, which he has linked with what he calls the "hoax" of climate change. He vowed repeatedly that under his watch the United States would become "energy dominant," chiefly through expanded oil and gas extraction. For many in California, such pledges are anathema, with the state frequently battered by the tangible effects of climate change, from huge wildfires to droughts to furious storms. Newsom -- who many believe has White House ambitions of his own -- has positioned himself as a bulwark against the feared excesses of an incoming Trump administration on issues from climate change to immigration, vowing to be a check on its power. With 40 million people, the sheer size of California's market has for a long time helped set the national tone when it comes to pollution standards for automakers. Rather than make two versions of the same vehicles, Detroit giants have willingly adopted California's tougher rules on emissions and efficiency for nationwide sales. That de facto standard-setting power has angered Republicans like Trump, who say -- on this issue -- states should not be allowed to set their own rules. hg/aha(Reuters): Syrian rebels announced on state television on Sunday that they have ousted President Bashar al-Assad, eliminating a 50-year family dynasty in a lightning offensive that raised fears of a new wave of instability in a Middle East gripped by war. Syria’s army command notified officers on Sunday that Assad’s regime had ended, a Syrian officer who was informed of the move told . But the Syrian army later said it was continuing operations against “terrorist groups” in the towns of Hama and Homs and Deraa countryside. Assad, who had crushed all forms of dissent, flew out of Damascus for an unknown destination earlier on Sunday, two senior army officers told , as rebels said they had entered the capital with no sign of army deployments. “We celebrate with the Syrian people the news of freeing our prisoners and releasing their chains and announcing the end of the era of injustice in Sednaya prison,” the rebels said, referring to a large military prison on the outskirts of Damascus where the Syrian government detained thousands. Thousands in cars and on foot congregated at a main square in Damascus waving and chanting “Freedom” from a half century of Assad family rule, witnesses said. The dramatic collapse also marks a seismic moment for the Middle East, dealing a massive blow to Russia and Iran, which have lost a key ally at the heart of the region and creating more uncertainty as the Gaza offensive rages. The pace of events has stunned Arab capitals and raised fears of a new wave of regional instability. It marks a turning point for Syria, shattered by more than 13 years of war which has turned cities to rubble, killed hundreds of thousands of people, and forced millions abroad as refugees. Stabilising western areas of Syria captured in the rebels’ advance will be key. Western governments, which have shunned the Assad-led state for years, must decide how to deal with a new administration in which a globally designated terrorist group — Hayat Tahrir al-Sham (HTS) — looks set to have influence. HTS, which spearheaded the rebel advances across western Syria, was formerly an al Qaeda affiliate known as the Nusra Front until its leader Abu Mohammed al-Golani, severed ties with the global jihadist movement in 2016. “The real question is how orderly will this transition be, and it seems quite clear that Golani is very eager for it to be an orderly one,” said Joshua Landis, a Syria expert and Director of the Center for Middle East Studies at the University of Oklahoma. Golani will not want a repeat of the chaos that swept Iraq after US-led forces toppled Saddam Hussein in 2003. “They are going to have to rebuild ... they will need Europe and the US to lift sanctions,” Landis said. HTS is Syria’s strongest rebel group and some Syrians remain fearful it will impose draconian religious rule or instigate reprisals. A Syrian Air plane took off from Damascus airport around the time the capital was reported to have been taken by rebels, according to data from the Flightradar website. The aircraft initially flew towards Syria’s coastal region, a stronghold of Assad’s Alawite sect, but then made an abrupt U-turn and flew in the opposite direction for a few minutes before disappearing off the map. could not immediately ascertain who was on board. Two Syrian sources said there was a very high probability that Assad may have been killed in a plane crash as it was a mystery why the plane took a surprise U turn and disappeared off the map according to data from the Flightradar website. “It disappeared off the radar, possibly the transponder was switched off, but I believe the bigger probability is that the aircraft was taken down...,” said one Syrian source without elaborating. As Syrians expressed joy, Prime Minister Mohammad Ghazi al-Jalali said the country should have free elections so Syrians can choose who they want. But that would require a smooth transition in a country with complex competing interests, from fighters to groups with links to the United States, Russia and Turkey. Jalali also said he had been in contact with rebel commander Abu Mohammed al-Golani to discuss managing the current transitional period, marking a notable development in efforts to shape Syria’s political future. Jordan affirmed on Sunday the importance of preserving the stability and security of Syria, the state news agency reported. US President Joe Biden and his team were monitoring the “extraordinary events in Syria” and were in touch with regional partners, the White House said.Industrial HEPA Filter Market Innovations and Key Players: Sumitomo, Nitto Denko, Parker Hannifin, Cobetter, AAF Flanders, Ebraco Filtration, Lydall, Donaldson 12-09-2024 08:37 PM CET | Industry, Real Estate & Construction Press release from: STATS N DATA Industrial HEPA Filter Market The Industrial HEPA Filter Market is witnessing significant growth driven by an increasing demand for high-efficiency air filtration solutions across various sectors. HEPA filters, known for their ability to trap harmful particles and pollutants, are crucial in maintaining clean air quality in industrial settings, laboratories, and healthcare facilities. As industries become more aware of the health implications of air quality, the relevance of HEPA filters has surged, making them indispensable in various applications that require stringent air purity standards. In recent months, technological advancements have played a pivotal role in shaping the market landscape. Companies are investing in research and development to enhance filter efficiency and longevity, leading to improved product offerings. Additionally, strategic collaborations between industry leaders are fostering innovation, enabling the integration of advanced materials and filtration technologies into HEPA filters. These developments are not only enhancing performance but are also driving down operational costs, making industrial HEPA filters more accessible to a broader range of applications. You can access a sample PDF report here: https://www.statsndata.org/download-sample.php?id=262229 Key Growth Drivers and Trends Several critical factors are influencing the demand for industrial HEPA filters. Sustainability has become a primary focus for many organizations as they strive to reduce their carbon footprint and improve energy efficiency. HEPA filters contribute to these goals by allowing for cleaner air in facilities, which can lead to reduced energy consumption in heating, ventilation, and air conditioning (HVAC) systems. Moreover, the ongoing digitization of industries is increasing consumer awareness regarding air quality and health standards. As businesses adopt digital solutions to monitor air quality, the demand for high-efficiency filters is expected to rise. This trend is further complemented by the integration of artificial intelligence (AI) and smart technologies into air filtration systems, allowing for real-time monitoring and optimization of filter performance. Customization has emerged as another significant trend in the industrial HEPA filter market. Companies are increasingly looking for tailored solutions to meet specific air quality requirements in their operations. This has led to the development of specialized HEPA filters designed for unique applications, such as pharmaceutical manufacturing, semiconductor fabrication, and food processing. Market Segmentation The industrial HEPA filter market can be segmented into various categories, providing a clearer understanding of its dynamics: • Segment by Type - PTFE Membrane: Known for its durability and efficiency, PTFE membranes are widely used in highly demanding environments, providing excellent filtration performance while being resistant to chemical degradation. - Microglass Membrane: These membranes offer superior filtration efficiency and are often utilized in applications where high particulate loads are present, delivering reliable performance over extended periods. • Segment by Application - Factory: HEPA filters are essential in manufacturing facilities to maintain clean air and protect sensitive processes from contamination. - Lab: Laboratories, particularly in the pharmaceutical and biotech sectors, rely on HEPA filters to ensure the integrity of experiments and product quality. - Others: This includes applications in healthcare, food processing, and other sectors where air quality is critical. Get 30% Discount On Full Report: https://www.statsndata.org/ask-for-discount.php?id=262229 Competitive Landscape The industrial HEPA filter market is characterized by intense competition, with several leading companies influencing market trends and driving innovation. Key players include: • Sumitomo: Known for its high-performance filtration solutions, Sumitomo has been at the forefront of developing advanced HEPA filters that cater to various industrial applications. • Nitto Denko: A pioneer in filtration technology, Nitto Denko focuses on enhancing air quality through innovative HEPA filters that offer exceptional efficiency and durability. • Parker Hannifin: This company leverages its expertise in filtration systems to provide tailored HEPA filter solutions, ensuring compliance with stringent air quality standards. • Cobetter: Cobetter emphasizes product innovation and has introduced a range of HEPA filters designed for cleanroom applications, enhancing operational efficiency. • AAF Flanders: With a strong commitment to quality, AAF Flanders offers HEPA filters that provide reliable performance in various industrial environments. • Ebraco Filtration: Ebraco specializes in providing advanced filtration solutions, including HEPA filters, to meet the needs of diverse industries. • Lydall: Lydall's focus on sustainable filtration solutions positions it as a leader in the industrial HEPA filter market, offering products that balance performance with environmental responsibility. • Donaldson: A well-known name in filtration, Donaldson's HEPA filters are trusted for their efficiency and effectiveness in a wide range of applications. • Ningbo Changqi Porous Membrane: This company has developed specialized HEPA filter materials that enhance filtration while minimizing pressure drop. • Micro-On: Micro-On focuses on producing high-quality HEPA filters that cater to sensitive environments, such as laboratories and healthcare facilities. • Camfil: Camfil is recognized for its innovative approach to air filtration, providing HEPA filters that meet the highest performance standards. • GORE: GORE's advanced materials technology has enabled the creation of HEPA filters that offer superior filtration efficiency and reliability. Each of these companies is contributing to the market through product innovations, strategic expansions, and collaborations aimed at enhancing filtration technologies and meeting evolving customer demands. Opportunities and Challenges The industrial HEPA filter market is ripe with opportunities, particularly in untapped regions where awareness of air quality issues is growing. Emerging economies are beginning to recognize the importance of clean air and are likely to invest in filtration solutions, presenting a significant market opportunity for established players. Additionally, evolving consumer preferences are driving demand for customized filtration solutions tailored to specific applications. Companies that can innovate and adapt their product offerings to meet these changing needs will likely gain a competitive edge. However, the market also faces challenges, including regulatory constraints that can complicate product development and market entry. Operational inefficiencies, such as supply chain disruptions and production bottlenecks, can hinder companies' ability to meet demand. Furthermore, a talent shortage in specialized fields such as engineering and research may pose challenges for companies looking to innovate. To address these challenges, companies can invest in workforce development and skills training to cultivate talent in the industry. Collaborating with regulatory bodies to ensure compliance while advocating for industry-friendly regulations can also help navigate the regulatory landscape effectively. Technological Advancements Technological advancements are significantly impacting the industrial HEPA filter market. The integration of AI and machine learning into air filtration systems allows for predictive maintenance and optimization of filter performance. This technology can help companies foresee when a filter is likely to reach its saturation point, enabling timely replacements and minimizing downtime. Moreover, the use of IoT-driven systems is transforming how air quality is monitored and managed. Smart sensors can provide real-time data on air quality, allowing for immediate adjustments to filtration systems as needed. This capability ensures that industries maintain compliance with air quality regulations and improve overall operational efficiency. Virtual tools are also becoming increasingly important, providing companies with the ability to simulate airflow and filtration efficiency in various environments. This technology aids in the design of optimized filtration systems tailored to specific operational needs. Research Methodology and Insights STATS N DATA employs a comprehensive research methodology that combines both top-down and bottom-up approaches to ensure accurate and reliable market insights. Primary and secondary research are utilized to gather data from industry experts, market participants, and reliable publications. Through triangulation, the research team validates findings and ensures the credibility of the insights presented. This rigorous methodology enables STATS N DATA to provide stakeholders with a detailed understanding of the industrial HEPA filter market, supporting informed decision-making and strategic planning. In conclusion, the industrial HEPA filter market is poised for substantial growth, driven by technological advancements, increasing awareness of air quality, and evolving consumer preferences. Companies that adapt to these trends and leverage opportunities while addressing challenges will thrive in this dynamic landscape. For customization requests, please visit: https://www.statsndata.org/request-customization.php?id=262229 https://www.statsndata.org/report/industrial-hepa-filter-market-262229 John Jones Sales & Marketing Head | Stats N Data Phone: +1 (315) 642-4324 Email: sales@statsndata.org Website: www.statsndata.org STATS N DATA is a trusted provider of industry intelligence and market research, delivering actionable insights to businesses across diverse sectors. We specialize in helping organizations navigate complex markets with advanced analytics, detailed market segmentation, and strategic guidance. Our expertise spans industries including technology, healthcare, telecommunications, energy, food & beverages, and more. Committed to accuracy and innovation, we provide tailored reports that empower clients to make informed decisions, identify emerging opportunities, and achieve sustainable growth. Our team of skilled analysts leverages cutting-edge methodologies to ensure every report addresses the unique challenges of our clients. At STATS N DATA, we transform data into knowledge and insights into success. Partner with us to gain a competitive edge in today's fast-paced business environment. For more information, visit https://www.statsndata.org or contact us today at sales@statsndata.org This release was published on openPR.Sir Jacob Rees-Mogg eyes Commons return after reality TV turn - as he says he would consider making major sacrifice to serve Tories again LISTEN: Jacob Rees-Mogg talks to Sarah Vine & Peter Hitchens about his new reality show, ‘biggest regret’ and the state of the Tories. The Reaction - available wherever you get your podcasts now By BRENDAN CARLIN Published: 10:42 AEDT, 8 December 2024 | Updated: 10:56 AEDT, 8 December 2024 e-mail View comments His downfall was one of the totemic moments on a night of General Election disaster for the Tories . But now Sir Jacob Rees-Mogg is pondering an early return to the Commons on the back of the 'Meet The Rees-Moggs' reality TV series. The former Cabinet minister told The Mail on Sunday that he would consider standing in a by-election even if it was not in the beloved North-East Somerset seat he lost to Labour 's Dan Norris on July 4. Sir Jacob said: 'Of course, my preference would be to win back my former constituency as my family has links with the area going back over 400 years. 'However, if another seat came up before the next General Election, I would have to consider putting my name forward.' In episode two of the Discovery+ series, filmed as he struggled in vain to save his seat, father-of-six Sir Jacob was asked by this newspaper about his future if he were to lose. Jacob Rees-Mogg reclining on the front benches of the Commons as Leader of the House during a Brexit debate in 2019. The former MP is eyeing a return to Parliament Jacob and Helena Rees-Mogg with their children at Gournay Court in West Harptree Sir Jacob said that he would consider standing in a different constituency. Pictured: Campaigning in Central Fife during the 1997 UK General Election He lost his beloved North East Somerset seat he lost to Labour's Dan Norris in July. Pictured: Campaigning in 1997 'We'll cross bridges when we come to them,' said Sir Jacob, adding that 'my family have lived in the constituency of North-East Somerset since 1618' and 'I have no intention of going anywhere...' However, last week, the ex-MP revealed that Sir Keir Starmer's failings since the election were whetting his appetite to return to the political frontline. He said: 'I'm very keen to get back into the Commons. 'I would love to play my part in exposing Sir Keir Starmer for what he is – a Prime Minister elected on an entirely false manifesto who is now wreaking untold damage on our country.' Despite backing Robert Jenrick in the Tory leadership contest, Sir Jacob heaped praise on new Conservative leader Kemi Badenoch for making 'a superb start' in holding Labour to account. General Election Jacob Rees-Mogg Keir Starmer Share or comment on this article: Sir Jacob Rees-Mogg eyes Commons return after reality TV turn - as he says he would consider making major sacrifice to serve Tories again e-mail Add comment
Prosecution arrests ex-defense minister over treason chargesNone
Ian Poulter has insisted he won’t be following in the footsteps of fellow LIV Golf star Sergio Garcia in order to compete for a place at the Ryder Cup next year. This month, the Spaniard confirmed he intended to settle all his DP World Tour fines in order to be eligible for selection for the team event in Bethpage, with Team Europe bidding to succeed on American soil for the first time since 2012. The lynchpin of that success, famously dubbed ‘The Miracle in Medinah’, was Poulter - winning all four of his matches as the visitors pulled off a sensational comeback from 10-6 down on the final day. However, having at one point looked certain to one day be appointed team captain, his controversial move to the Saudi-backed tour has soured relations between the Englishman and European golf bosses. The 48-year-old has cut a belligerent figure ever since appearing in the inaugural rebel event in June 2022, refuting criticism of his decision and accusing the status quo of imposing unfair sanctions. And he’s now said that unlike Garcia, he’s not prepared to take financial punishment just to add to his Ryder Cup legacy. “He would have had a $1million (£780,000) worth of fines paid already,” he told Sports Illustrated . “He’ll play 14 LIV events next year, five of them are fineable of $100,000 (£80,000) a week so he would have spent $2.4m (£1.9m) to give him that freedom to have a chance. That’s a lot of money spent to try and make a team.” Despite confirming that his fines would be covered by LIV’s indemnity policy, the former world No.5 argued his decision was based on principle. And it seems his position won’t be chaining anytime soon. He said: “As it stands today I’m currently not a member of the European Tour so I am not eligible to be able to become captain or vice captain, so until that position changes you can only really play the hypothetical game of how I really feel up until that point. “I personally wouldn’t pay because I felt it was unjust at the time to be fined $100,000 a week because it makes no sense to me at all,” he added. “My stance has never changed. I’ve played golf all over the world. I was never paying fines when I played outside of Europe on other tours around the world so my stance is exactly the same as I had three years ago.” Regardless, Poulter’s form since jumping ship means selection as a player next September would have been highly unlikely anyway. He was 37th in the individual LIV standings this season, a place behind fellow veteran Lee Westwood, and is still waiting for his first tour win. In contrast, Garcia finished third, only denied overall glory by compatriot Jon Rahm and Chile’s Joaquin Niemann. But Poulter still cast doubt on whether the 44-year-old would be able to earn a Ryder Cup place. “I haven’t spoken to Luke Donald (European captain) to be honest," he admitted. "I don’t know if Luke has had any conversations with Sergio at length. I don’t know how many tournaments he is earmarking to play in Europe so I guess we’ll have to wait and see.”
Automobiles for exports are parked at a storage yard in the nation's southeastern port city of Ulsan in this undated photo. Yonhap Strengthening dollar feared to deal blow to imported carmakers By Lee Min-hyung The nation’s auto market is grappling with a double blow of unexpected political upheaval and sharply declining domestic consumption, resulting in a decade-low number of new vehicle registrations. Weakening consumer sentiment has been driven by unfavorable macroeconomic conditions, including prolonged high interest rates and the lingering inflationary effects of the COVID-19 pandemic. Carmakers typically anticipate increased sales through aggressive year-end marketing strategies, but these plans have also hit a snag following the fallout from President Yoon Suk Yeol’s attempted martial law last week. Industry officials are increasingly worried about weakening consumer sentiment, as the escalating political uncertainty surrounding Yoon and his administration shows no signs of easing anytime soon. According to data from the Korea Automobile and Mobility Association (KAMA), new car registrations totaled 1.2 million in the first three quarters of this year, down 8.7 percent compared to the same period last year. This figure represents the lowest level since 2013. Given that carmakers will not be able to enjoy the year-end sales effect, the figure for the fourth quarter is also widely forecast to remain weak from a year earlier. “Our initial plan was to spur sales growth and clear out inventory by launching strong promotional events around the end of this year, but the political unrest has put the brakes on the move,” an official at a carmaker said. Automakers typically launch a variety of year-end promotional campaigns to reduce inventory, and customers often wait for this period to purchase vehicles at significantly lower prices. “But the political deadlock does not seem likely to be resolved in the short term, so most carmakers will have to adjust their sales strategies well into early next year,” the official said. Members of the Korean Confederation of Trade Unions hold pickets during a demonstration in Ulsan, Dec. 5, urging President Yoon Suk Yeol to step down over allegations of insurrection. (Yonhap) Imported carmakers are being hit harder by the current political crisis, while domestic companies like Hyundai Motor and Kia can offset the decline in domestic sales through exports, as a weaker won makes Korean automobiles more affordable for customers to buy overseas . Automakers are also on track to delay their planned press events in reflection of the political chaos. Jaguar Land Rover Korea was scheduled to hold a media event to introduce its new SUV edition last week, but canceled it due to the ongoing political turmoil. The volatile won-dollar exchange rate also comes as a major risk for imported carmakers as it forces them to sell vehicles at higher prices. The dollar is strengthening at a rapid pace following Yoon’s botched martial law order on Dec. 3. The exchange rate rose to this year’s high of 1,438.3 won per dollar on Monday amid investors’ preference for safer assets at this period of market uncertainties. The appreciation of the dollar results in a hike in the prices of imported vehicles, forcing carmakers to increase their sales prices in order to maintain profitability. “If the exchange rate keeps rising and hovers at such a high level, a number of foreign carmakers doing business in Korea will have to increase their vehicle sale prices to ensure profits and stay in line with headquarters’ guidelines,” another official at an imported automaker said. This is not the desired outcome for the time being, as fewer consumers are willing to spend more on vehicles at higher prices, especially during a critical time when their confidence has significantly diminished, according to the official. Experts also said there is no clear short-term solution for imported automakers, aside from relying on promotional campaigns. “The strengthening dollar will not last for a long period of time, so they will have to focus on holding more aggressive discount campaigns,” said Lee Ho-geun, an automotive engineering professor at Daedeok University. Hyundai Motor's unionized workers leave work two hours early, as part of their partial strike, demanding the resignation of President Yoon Suk Yeol, at the carmaker's production line in the southeastern port city of Ulsan, Dec. 5. Yonhap Union risks Unionized workers at automakers are also planning to stage a walkout demanding the resignation of the president. This move is feared to disrupt production at Hyundai Motor, Kia, and General Motors (GM) Korea. According to Hyundai Motor’s union, workers went on a partial strike for two days from Dec. 5, urging Yoon to step down. Production of thousands of vehicles is estimated to be delayed due to the two-day strike. Union members from Kia and GM Korea also followed suit, calling for the voluntary resignation of Yoon. Of particular concern is that they are threatening to engage in an all-out strike unless Yoon resigns from the post. Lee emphasized the importance of understanding Korea's reliance on exports. “We need to view exports separately from the ongoing political turmoil,” Lee said. “Korea’s export reliance particularly on automobiles, batteries and semiconductors remains massive. If our exports are in peril due to the strikes or political uncertainty, our economy will face a bigger shock in the end.”West Ham punish woeful Wolves defence in 2-1 winPenn State pushed hard to get Tyler Warren to New York as a Heisman Trophy finalist . Monday night, those hopes were dashed. Warren was not among four finalists for the award, given each year to the nation’s top player. Colorado wide receiver/defensive back Travis Hunter, Boise State running back Ashton Jeanty, Oregon quarterback Dillon Gabriel and Miami quarterback Cam Ward were the finalists. “He’s done it week in and week out. He’s a big-time player, and he’s doing it when all eyes are on him and he’s the focus of the game plan,” James Franklin said at the end of the season. “He’s a special guy.” Warren has recorded 1,062 yards on 88 receptions with six touchdowns this season. Offensive coordinator Andy Kotelnicki has also done quite a job using Warren in gadget plays, with the Virginia native holding 23 rushes for 191 yards and seven touchdowns. He’s completed three of five passes for 35 yards and a touchdown. He was named first-team All-Big Ten this season and the conference’s top tight end. Warren’s also a finalist for the Mackey Award as the nation’s top tight end and the Paul Hornung Award as the nation’s most versatile player . Among the records Warren has broken this season, he’s now Penn State’s career holder of most receiving touchdowns by a tight end and most yards. He broke the single-season records for yards and receptions by a Nittany Lions tight end. BETTING: Check out our guide to the best PA sportsbooks , where our team of sports betting experts has reviewed the experience, payout speed, parlay options and quality of odds for multiple sportsbooks. Sign up for the PennLive’s Penn State newsletters, the daily Penn State Today and the subscriber-exclusive Penn State Insider Stories by Max Ralph Andy Kotelnicki hints at staying with Penn State despite head-coaching interviews Penn State 'point god' Ace Baldwin Jr. named to national player of the year watch list Freshman Penn State defensive lineman planning to enter transfer portal
ATHENS, Ohio (AP) — Jackson Paveletzke scored 23 points as Ohio beat Morehead State 88-76 on Saturday night. Paveletzke also contributed eight rebounds for the Bobcats (4-5). Elmore James scored 16 points, shooting 6 for 8, including 2 for 4 from beyond the arc. AJ Clayton went 5 of 10 from the field (2 for 7 from 3-point range) to finish with 14 points. The Eagles (3-6) were led in scoring by Tyler Brelsford, who finished with 16 points, six rebounds and five assists. Jalen Breazeale added 13 points for Morehead State. Kade Ruegsegger also had 12 points, six rebounds and three steals. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . > 24/7 San Diego news stream: Watch NBC 7 free wherever you are U.S. inflation meets expectations U.S. inflation quickened in November, climbing to 2.7% on-year from October's 2.6%, while core inflation — which strips out food and energy prices — remained unchanged at 3.3%. Both metrics were in line with forecasts. While the inflation rate was higher, the majority of traders still expect the Fed to lower its benchmark rate later this month, with the CME's FedWatch Tool reporting a 96% likelihood. Nasdaq reaches new high Alphabet and Tesla climbed to fresh highs on Wednesday , joining Amazon and Meta to propel the Nasdaq past 20,000 points for the first time. The four tech giants added roughly $416 billion in market cap for the day. The Nasdaq Composite surged 1.77% to close at 20,034.89. The S&P 500 gained 0.82%, but the Dow Jones Industrial Average fell 0.22%. Asian markets also mostly gained, with South Korea's Kospi leading the advance, up 1.78%. South Korea's "Korea discount" to remain entrenched South Korean markets have had a dismal 2024, with the so-called "Korea discount" in its stock markets widening compared to other global peers. The recent political upheaval is expected to entrench this phenomenon as efforts to reform the South Korean markets take a back seat amid political turmoil in the country. OPEC cuts demand forecast again OPEC has cut its 2024 global oil demand growth forecast for a fifth straight month and by its largest amount yet, according to Reuters. OPEC expects global oil demand to rise by 1.61 million barrels per day, down from the previous forecast of 1.82 million bpd last month. It also cut its 2025 growth estimate to 1.45 million bpd from 1.54 million bpd. China accounted for part of the latest downgrade, with Chinese oil demand expected to rise by 430,000 bpd in 2024, down from 760,000 bpd increase predicted in July. [PRO] Money Report Investors were already wary of Korean stocks. Then the country descended into chaos European Central Bank set to deliver final rate cut of the year: Live updates Alphabet's quantum leap The Nasdaq Composite crossed the psychologically important 20,000-point mark for the first time ever on Wednesday, partly thanks to Alphabet 's quantum computing breakthrough. Wall Street analysts predict the shares can run further. Tech investors were cheering Wednesday as four of the seven megacap tech stocks closed at all-time highs, with Amazon, Meta, Tesla and Alphabet adding roughly $416 billion in market cap for the day. The gains in tech come as November's inflation reading met expectations. The reading clears the way for the Fed to cut rates, which is likely to send tech shares higher. The enthusiasm could be short lived, however, in light of U.S. president-elect Donald Trump's plans to raise tariffs which will likely be inflationary. The Fed will have to halt its easing cycle if inflation remains stubborn, removing one of the key impetuses behind the tech rally. Tesla, whose stock has risen by about 71% this year, may be the outlier since the bulk of its gains have come on the back of Trump's election victory last month. Tesla CEO Elon Musk has a cozy relationship with the president-elect, having contributed to Trump's campaign and is set to lead the Trump administration's Department of Government Efficiency, alongside onetime Republican presidential candidate Vivek Ramaswamy. His new role could give Musk power over federal agencies' budgets and staffing, as well as the ability to push for the elimination of inconvenient regulations. "The stock is responding to the Trump bump," Craig Irwin, an analyst at Roth MKM, told CNBC's " Squawk on the Street " last week. Irwin increased his price target to $380 from $85, noting in a report that "Musk's authentic support for Trump likely doubled Tesla's pool of enthusiasts and lifted credibility for a demand inflection." On Wednesday, analysts at Goldman Sachs boosted their price target on Tesla, joining bullish reports from firms like Morgan Stanley and Bank of America. — CNBC's Lora Kolodny and Ari Levy contributed to this report. Also on CNBC Nasdaq climbs past 20,000, powered by megacap tech gains Can quantum computing be used in the real world? Is quantum computing viable?
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