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casino 5 Intel Board Blasted For Handling Of CEO's Sudden Exit As Stock Falls AgainThe Australian sharemarket is tipped to open weaker despite a rally from some of the world’s largest technology companies that spurred a rebound on Wall Street. ASX 200 futures were down 15 points or 0.2 per cent at 8.183 at 7.15 AEDT, after the S&P/ASX 200 Index gained 1.7 per cent on Monday to post its best session in six months. Overnight, US stocks recovered from a wobble that was fuelled by weaker-than-expected data on US consumer confidence. While most companies in the S&P 500 retreated, Tesla and Nvidia drove a gauge of the “Magnificent Seven” megacaps up over 1 per cent. However, it was a thin trading session at the start of a holiday-shortened week, with volume roughly 20 per cent below the average of the past month. Wall Street recovered from an early wobble as the heavyweight technology stocks spurred a rebound. Credit: Bloomberg “Primary uptrends remain intact for equities despite the recent profit-taking,” Craig Johnson at Piper Sandler said. “Given the short-term oversold conditions, we expect a ‘Santa Claus Rally’ to be a strong possibility this year.” To Morgan Stanley’s Michael Wilson, negative breadth — when falling shares outnumber those that are rising — may not matter as much for high-quality stock indexes with robust price momentum. Earlier, stocks lost steam momentarily after data showed consumer confidence unexpectedly sank for the first time in three months on concerns about the outlook for the US economy. “The economic outlook is deteriorating,” said Neil Dutta at Renaissance Macro Research. “This was true before the Fed’s December confab and remains true. The risk of the Fed flip-flopping is quite high.”Police are appealing for the public's help as they search for a woman who was last seen in Stream Hill near Kembla Grange. Black Friday Sale Subscribe Now! Login or signup to continue reading Thersea Purdy was last seen on Sheaffes Road about 7.30am on Sunday, December 8. When no one could find or contact the 73-year-old, officers with Lake Illawarra Police District were notified and they began an investigation into her whereabouts. Theresa's family and police are concerned for her welfare because she has a medical condition for which she needs medication. Theresa is described as being of Caucasian appearance, about 160 centimetres tall, of thin build, with blonde hair and grey eyes. She was last seen wearing a grey top and grey pants. Anyone with information on Theresa's location should contact Crime Stoppers on 1800 333 000 or Lake Illawarra Police District on 4232 5599. More from Latest News Newsletters & Alerts DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Get the latest property and development news here. WEEKLY Find out what's happening in local business. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!

FILE – A cargo ship traverses the Agua Clara Locks of the Panama Canal in Colon, Panama, Sept. 2, 2024. (AP Photo/Matias Delacroix, File) FILE – President Jimmy Carter applauds as General Omar Torrijos waves after the signing and exchange of treaties in Panama City on June 16, 1978, giving control of the Panama Canal to Panama in 2000. At far right is Zbigniew Brzezinski, Carterís National Security Advisor. (AP Photo, File) FILE – President Jimmy Carter views the Panama Canal at the Miraflores Locks in Canal Zone on June 17, 1978. On Friday Carter signed the final Panama Canal Treaties giving control of the canal to Panama in 2000. (AP Photo/Tasnadi, File) FILE – A cargo ship traverses the Agua Clara Locks of the Panama Canal in Colon, Panama, Sept. 2, 2024. (AP Photo/Matias Delacroix, File) By WILL WEISSERT, JUAN ZAMORANO and GARY FIELDS PANAMA CITY (AP) — Teddy Roosevelt once declared the Panama Canal “one of the feats to which the people of this republic will look back with the highest pride.” More than a century later, Donald Trump is threatening to take back the waterway for the same republic. Related Articles National Politics | President-elect Trump wants to again rename North America’s tallest peak National Politics | Inside the Gaetz ethics report, a trove of new details alleging payments for sex and drug use National Politics | An analyst looks ahead to how the US economy might fare under Trump National Politics | Trump again calls to buy Greenland after eyeing Canada and the Panama Canal National Politics | House Ethics Committee accuses Gaetz of ‘regularly’ paying for sex, including with 17-year-old girl The president-elect is decrying increased fees Panama has imposed to use the waterway linking the Atlantic and Pacific oceans. He says if things don’t change after he takes office next month, “We will demand that the Panama Canal be returned to the United States of America, in full, quickly and without question.” Trump has long threatened allies with punitive action in hopes of winning concessions. But experts in both countries are clear: Unless he goes to war with Panama, Trump can’t reassert control over a canal the U.S. agreed to cede in the 1970s. Here’s a look at how we got here: It is a man-made waterway that uses a series of locks and reservoirs over 51 miles (82 kilometers) to cut through the middle of Panama and connect the Atlantic and Pacific. It spares ships having to go an additional roughly 7,000 miles (more than 11,000 kilometers) to sail around Cape Horn at South America’s southern tip. The U.S. International Trade Administration says the canal saves American business interests “considerable time and fuel costs” and enables faster delivery of goods, which is “particularly significant for time sensitive cargoes, perishable goods, and industries with just-in-time supply chains.” An effort to establish a canal through Panama led by Ferdinand de Lesseps, who built Egypt’s Suez Canal, began in 1880 but progressed little over nine years before going bankrupt. Malaria, yellow fever and other tropical diseases devastated a workforce already struggling with especially dangerous terrain and harsh working conditions in the jungle, eventually costing more than 20,000 lives, by some estimates. Panama was then a province of Colombia, which refused to ratify a subsequent 1901 treaty licensing U.S. interests to build the canal. Roosevelt responded by dispatching U.S. warships to Panama’s Atlantic and Pacific coasts. The U.S. also prewrote a constitution that would be ready after Panamanian independence, giving American forces “the right to intervene in any part of Panama, to re-establish public peace and constitutional order.” In part because Colombian troops were unable to traverse harsh jungles, Panama declared an effectively bloodless independence within hours in November 1903. It soon signed a treaty allowing a U.S.-led team to begin construction . Some 5,600 workers died later during the U.S.-led construction project, according to one study. The waterway opened in 1914, but almost immediately some Panamanians began questioning the validity of U.S. control, leading to what became known in the country as the “generational struggle” to take it over. The U.S. abrogated its right to intervene in Panama in the 1930s. By the 1970s, with its administrative costs sharply increasing, Washington spent years negotiating with Panama to cede control of the waterway. The Carter administration worked with the government of Omar Torrijos. The two sides eventually decided that their best chance for ratification was to submit two treaties to the U.S. Senate, the “Permanent Neutrality Treaty” and the “Panama Canal Treaty.” The first, which continues in perpetuity, gives the U.S. the right to act to ensure the canal remains open and secure. The second stated that the U.S. would turn over the canal to Panama on Dec. 31, 1999, and was terminated then. Both were signed in 1977 and ratified the following year. The agreements held even after 1989, when President George H.W. Bush invaded Panama to remove Panamanian leader Manuel Noriega. In the late 1970s, as the handover treaties were being discussed and ratified, polls found that about half of Americans opposed the decision to cede canal control to Panama. However, by the time ownership actually changed in 1999, public opinion had shifted, with about half of Americans in favor. Administration of the canal has been more efficient under Panama than during the U.S. era, with traffic increasing 17% between fiscal years 1999 and 2004 . Panama’s voters approved a 2006 referendum authorizing a major expansion of the canal to accommodate larger modern cargo ships. The expansion took until 2016 and cost more than $5.2 billion. Panamanian President José Raúl Mulino said in a video Sunday that “every square meter of the canal belongs to Panama and will continue to.” He added that, while his country’s people are divided on some key issues, “when it comes to our canal, and our sovereignty, we will all unite under our Panamanian flag.” Shipping prices have increased because of droughts last year affecting the canal locks, forcing Panama to drastically cut shipping traffic through the canal and raise rates to use it. Though the rains have mostly returned, Panama says future fee increases might be necessary as it undertakes improvements to accommodate modern shipping needs. Mulino said fees to use the canal are “not set on a whim.” Jorge Luis Quijano, who served as the waterway’s administrator from 2014 to 2019, said all canal users are subject to the same fees, though they vary by ship size and other factors. “I can accept that the canal’s customers may complain about any price increase,” Quijano said. “But that does not give them reason to consider taking it back.” The president-elect says the U.S. is getting “ripped off” and “I’m not going to stand for it.” “It was given to Panama and to the people of Panama, but it has provisions — you’ve got to treat us fairly. And they haven’t treated us fairly,” Trump said of the 1977 treaty that he said “foolishly” gave the canal away. The neutrality treaty does give the U.S. the right to act if the canal’s operation is threatened due to military conflict — but not to reassert control. “There’s no clause of any kind in the neutrality agreement that allows for the taking back of the canal,” Quijano said. “Legally, there’s no way, under normal circumstances, to recover territory that was used previously.” Trump, meanwhile, hasn’t said how he might make good on his threat. “There’s very little wiggle room, absent a second U.S. invasion of Panama, to retake control of the Panama Canal in practical terms,” said Benjamin Gedan, director of the Latin America Program at the Woodrow Wilson International Center for Scholars in Washington. Gedan said Trump’s stance is especially baffling given that Mulino is a pro-business conservative who has “made lots of other overtures to show that he would prefer a special relationship with the United States.” He also noted that Panama in recent years has moved closer to China, meaning the U.S. has strategic reasons to keep its relationship with the Central American nation friendly. Panama is also a U.S. partner on stopping illegal immigration from South America — perhaps Trump’s biggest policy priority. “If you’re going to pick a fight with Panama on an issue,” Gedan said, “you could not find a worse one than the canal.” Weissert reported from West Palm Beach, Florida, and Fields from Washington. Amelia Thomson-Deveaux contributed to this report from Washington.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 Mega automobile merger Nissan and Honda have begun official merger discussions , the two companies announced on Monday. Negotiations will end June 2025. Japan-listed Honda shares were last up 13.4% on Tuesday and on track for their best day since October 2008 , after the company announced plans to buy back 24% of its issued shares by Dec. 23 next year. Taiwan tops Asian markets As of Dec. 23, Taiwan's Taiex had gained 28.85%, making it the best-performing stock market in Asia-Pacific in 2024. The Taiex's focus on tech and tech-related stocks helped supercharge its performance. Taiwan Semiconductor Manufacturing Company soared 82.12% in 2024, and Foxconn — which trades as Hon Hai Precision Industry — advanced 77.51%. Positive start to holidays U.S. markets rose on Monday on the back of a strong showing by large tech stocks. The New York Stock Exchange closes early Tuesday for Christmas Eve. Asia-Pacific stocks traded mixed on Tuesday . Japan's Nikkei 225 slipped roughly 0.4% even as Honda shares popped. Meanwhile, Hong Kong's Hang Seng index climbed more than 1%. UK GDP not OK The U.K. economy failed to expand in the three months ending September, according to revised figure from the Office for National Statistics, published Monday. Previous estimates had pegged third-quarter gross domestic product at 0.1%. Earlier this month, data from the ONS showed the U.K. economy had unexpectedly contracted by 0.1% in October. [PRO] Buffett's biggest war chest Warren Buffett's Berkshire Hathaway is currently holding $325 billion in cash — the largest amount it's hoarded in absolute terms. Cash now comprises around 30% of Berkshire's total assets, the highest proportion in 34 years, according to data from Oppenheimer. Buffett sold large quantities of Apple and Bank of America shares this year. Why is the 94-year-old legendary investor holding on to so much cash? Analysts weigh in. Money Report How F1 teams are turning to AI to improve performance on the track Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal U.S. markets began the trading week in holiday cheer. The S&P 500 gained 0.73% and the Dow Jones Industrial Average , recovering from earlier losses, ticked up 0.16%. The Nasdaq Composite added 0.98% on the back of strong performances from large tech firms such as Nvidia , Tesla and Meta Platforms . However, shares of bitcoin proxy MicroStrategy slumped 8.8% on its first day in the Nasdaq-100 index, following the cryptocurrency's price falling to below $93,000 on Monday. That said, MicroStrategy is still among the best-performing U.S. tech companies valued at $5 billion or more, according to FactSet data. Its shares have rocketed 426% so far this year, mostly thanks to the company's stockpile of bitcoins , which it started to amass in 2020. With the rally in bitcoin following Donald Trump's election victory, MicroStrategy's bitcoin holding is now worth around $42 billion. It's the basis for the company's market capitalization ballooning to $82 billion from roughly $1.1 billion from the time it began buying bitcoin in bulk. Investors looking to ride on MicroStrategy's explosive rise should remember that the company's share price is currently trading on the back of bitcoin prices. The flipside of it is that if bitcoin prices crater for any reason — volatile as cryptocurrency can be — MicroStrategy shares may stumble too. Trading is likely to be thin this week. Markets in the U.S. will close early on Tuesday and take a break on Wednesday for Christmas Day. But light trading doesn't mean small moves in markets. "With the market's primary uptrends still intact, we are not giving up on the potential for a Santa Claus to come to Broad & Wall this year," Craig Johnson, chief market technician at Piper Sandler, said in a note. As investors celebrate the festivities — and the S&P's 25.25% year-to-date pop — they might find an extra present underneath the tree. — CNBC's Yun Li, MacKenzie Sigalos and Ari Levy contributed to this report. CNBC Daily Open will be on hiatus and return next year. Happy holidays! Also on CNBC Markets begin week with holiday cheer Inflation and dot plots With cooler-than-expected PCE, would the Fed’s dot plot have looked different?LUQUE, Paraguay (AP) — Sake is perhaps more Japanese than the world-famous sushi. It's brewed in centuries-old mountaintop warehouses, savored in the country’s pub-like izakayas, poured during weddings and served slightly chilled for special toasts. The smooth rice wine that plays a crucial role in Japan's culinary traditions was enshrined on Wednesday by UNESCO on its list of the “intangible cultural heritage of humanity." At a meeting in Luque, Paraguay, members of UNESCO’s committee for safeguarding humanity's cultural heritage voted to recognize 45 cultural practices and products around the world, including Brazilian white cheese, Caribbean cassava bread and Palestinian olive oil soap. Unlike UNESCO’s World Heritage List, which includes sites considered important to humanity like the Pyramids of Giza in Egypt, the Intangible Cultural Heritage designation names products and practices of different cultures that are deserving of recognition. A Japanese delegation welcomed the announcement in Luque. “Sake is considered a divine gift and is essential for social and cultural events in Japan,” Kano Takehiro, the Japanese ambassador to UNESCO, told The Associated Press. The basic ingredients of sake are few: rice, water, yeast and koji, a rice mold, which breaks down the starches into fermentable sugars like malting does in beer production. The whole two-monthlong process of steaming, stirring, fermenting and pressing can be grueling. The rice — which wields tremendous marketing power as part of Japan's broader cultural identity — is key to the alcoholic brew. For a product to be categorized Japanese sake, the rice must be Japanese. The UNESCO recognition, the delegation said, captured more than the craft knowledge of making high-quality sake. It also honored a tradition dating back some 1,000 years — sake makes a cameo in Japan’s famous 11th century novel, “The Tale of Genji,” as the drink of choice in the refined Heian court. Now, officials hope to restore sake's image as Japan's premier alcoholic drink even as the younger drinkers in the country switch to imported wine or domestic beer and whiskey. “It means a lot to Japan and to the Japanese,” Takehiro said of the UNESCO designation. "This will help to renew interest in traditional sake elaboration.” Also, Japanese breweries have expressed hope that the listing could give a little lift to the country's export economy as the popularity of sake booms around the world and in the United States amid heightened interest in Japanese cuisine. Sake exports, mostly to the U.S. and China, now rake in over $265 million a year, according to the Japan Sake and Shochu Makers Association, a trade group. Japan's delegation appeared ready to celebrate on Wednesday — in classic Japanese style. After the announcement, Takehiro raised a cypress box full of sake to toast the alcoholic brew and cultural rite.

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Stocks closed higher on Wall Street at the start of a holiday-shortened week. Eli Lilly rose 3.6% after announcing that regulators as the first and only prescription medicine for adults with sleep apnea. Gains in technology and communications stocks helped outweigh losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Department store Nordstrom fell 1.5% after it by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. Wall Street has several other economic reports to look forward to this week. On Tuesday, the US will release its November report on sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the US will close at 1pm Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas. (More stories.)

Gophers QB Max Brosmer commits to play in bowl gameFLOWERY BRANCH, Ga. (AP) — This was not the homecoming scenario Kirk Cousins would have scripted. Cousins' return to Minnesota, his NFL home from 2018 through 2023, on Sunday comes as he is hearing speculation about his job security in Atlanta. Cousins has thrown six interceptions with no touchdowns in the Falcons' three-game losing streak. That includes four picks in last week's 17-13 loss to the Los Angeles Chargers, his most in a decade.What we know about South Korea's martial law

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TORONTO - The Winnipeg Jets had payback on their minds and top spot in the National Hockey League in their final game before the holiday break. Read this article for free: Already have an account? As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed. Now, more than ever, we need your support. Starting at $14.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website. or call circulation directly at (204) 727-0527. Your pledge helps to ensure we provide the news that matters most to your community! TORONTO - The Winnipeg Jets had payback on their minds and top spot in the National Hockey League in their final game before the holiday break. Read unlimited articles for free today: Already have an account? TORONTO – The Winnipeg Jets had payback on their minds and top spot in the National Hockey League in their final game before the holiday break. The Jets made good on both accounts with a 5-2 win against the Toronto Maple Leafs before 18,923 at Scotiabank Arena on Monday. The win avenged a 6-4 home loss to Toronto on Oct. 28, that halted the Jets’ eight-game win streak to begin the season. It also pushed the Jets into first overall. “They don’t hand out awards at Christmas, but obviously, we’re happy,” said Jets centre Mark Scheifele, who enjoyed a three-goal, four-point outing. “It’s good to get a couple of days off, get recharged and get going for the next half of the season.” Surprisingly, the Jets (25-10-1) are only one point ahead of the 36-game pace of 23-9-4 set a year ago. “We’ve been good from top to bottom and we need everybody in this group,” said Kyle O’Connor, who scored the Jets first two goals and helped set up Scheifele for his first of three third-period goals. “I just think our ability to roll over lines and be hungry, and not to be satisfied with anything. We also have taken a day-to-day approach, learning what we can improve on from wins and losses and implementing the adjustments.” Besides defeating the Maple Leafs after what transpired in late October, Scheifele had extra motivation after being left off Canada’s roster for the 4 Nations Face-Off in February. In the 10 games since Canada’s roster was announced, Scheifele has eight goals and 15 points. “You’re disappointed, but at the end of the day, you just want to play well for your group of guys,” Scheifele said. “There’s always a bit of motivation you can draw from in every game. But it’s just a matter of playing good for the Winnipeg Jets and controlling what I can control.” He also enjoys playing in Toronto, an hour from his hometown of Kitchener. “I love coming to Toronto to have the opportunity to play in front of a lot of friends and family,” Scheifele said. “Being so close to home, I get a little extra excited to play here. “I think the biggest thing is we didn’t play our best when we played them last. We were excited to get another crack at them and how them the game we can play. All in all, it’s a big win for us.” MATTHEWS STILL OUT WITH INJURY While the Jets enter the Christmas break with back-to-back wins, the Maple Leafs dropped their second in a row at home without wounded captain Auston Matthews, out with an upper-body injury. “We just have to clean up some things off the rush, the transition part especially against a team that’s obviously very good with their top line that takes advantage of time and space,” said Maple Leafs centre John Tavares, who scored both Toronto goals. The Maple Leafs have gone 7-4-0 with Matthews on the sidelines this season and 42-23-2 in his career. Toronto was also missing defenceman Chris Tanev, out day-to-day with a lower-body ailment. Tanev missed his first game after skating in the pre-game warm-up. This report by The Canadian Press was first published Dec. 23, 2024. Advertisement Advertisement

Dog food recalled in 7 states for salmonella risk after puppy litter gets sick, FDA saysCheck out our OC photographers’ favorite images from November 2024

‘Twas the day before Christmas, And it’s time for Mawer, To reflect on the past year: 2024. Investors kept pondering: When will the ball drop? Isn’t recession coming? Two years and no plop. Most central banks eased rates, As Inflation had dwindled, Investors celebrated, Markets rekindled. But Japan was different, And made a small raise, A hike long considered, A move met with praise. And the bears took their leave, Their growls turned to sighs, AI bulls roamed the market, With laser-like eyes. But the markets were puzzling. Is the trend too soon? The infrastructure’s not there To support such a boon? And then came the third quarter, Returns broadened out, Technology stocks lagged, They better not pout! Great companies are still there, Let us not ignore The “S&P 493,” Which is ripe to explore. “Anything but China” — for much of the year, Investors looked elsewhere, Too much risk and some fear. Now there’s massive stimulus, And some wondered how Will the dragon take flight? Or falter somehow? Switching gears to fixed income, Credit spreads so tight, Risk seemed to be forgotten, Like a dream in the night. And the borrowers did thrive, A festive parade, The lenders found solace, In risks underplayed. And though high yield is tempting, We truly avow, The impact could be harmful, The time is not now. ‘Twas the year of elections, Billions went to vote, Seventy-two countries, To find an antidote. Trump elected president, So buyer beware, Tariff Man’s coming! Canada: “Not fair!” Higher tariffs, lower taxes, Deregulation too, All of this expected, In the U.S. queue. But savvy investors, Need not nervously squirm. The true impact of elections On markets short term. Swift-e-nomics was poppin’, Local shops did glory, Despite high ticket prices, ‘Twas a Love Story. And Gen Alpha’s new language, Created great shocks, RIZZ, Bet, Sus, Skibidi, No more “no show” socks. Still, we try to be direct, No jargon to confuse, We keep being boring, Fundamentals our muse. Our horizon is long term, And while uncertainty abounds, Diversification’s a must, To sleep well and sound. So as we come to the end, With caution and cheer, We look ever onward, To a hopeful new year. From all of us at Mawer, We wish you great cheer, Peace, happiness, joy, and A profitable new year.Donald Trump's Financial Legacy: Nominations and Economic AgendaNone

NoneQatar tribune The global fight against climate change could face a grave threat with the election of Donald Trump whose rhetoric suggests he will make a sharp pivot towards fossil fuel dominance, the Al-Attiyah Foundation writes in its latest Special Report titled Trump 2.0: Implications for Energy, Environment, and Trade. In an interview with Fox News in the build up to the November presidential election, Trump explained his plans for United States fossil-fuel production if he wins, saying: “We are going to – I used this expression, now everyone else is using it so I hate to use it, but – drill, baby, drill. Despite such strident remarks, Mr. Trump’s zeal to amp up oil production and repeal the 2022 Inflation Reduction Act (IRA), the landmark climate law that is pouring more than $390 billion into electric vehicles, batteries and other clean energy technology, will quickly face a political test. A cornerstone of the outgoing President Joe Biden’s climate policy, the IRA has already attracted over $200 billion in clean energy investments since its enactment. Although a complete repeal of the IRA is unlikely due to bipartisan support, as much as 30% of its climate funding could be at risk. Electric vehicle (EV) tax credits, valued at $12 billion, are particularly vulnerable, potentially undermining the rapid growth of the U.S. EV market. Meanwhile, China leads globally, with more than 50% of its newly registered cars being EVs or plug-in hybrids—twice the global average. Trump’s proposed rollbacks could leave the U.S. trailing in this critical sector, further delaying domestic progress toward reducing emissions. In parallel, Trump’s administration is expected to champion fossil fuel-aligned technologies, such as carbon capture and “blue” hydrogen, which could sustain jobs. While these measures may boost traditional energy sectors, they risk slowing advancements in renewable energy infrastructure and grid modernisation. The IRA’s technology-neutral tax credits, extended until 2032, have been a driving force behind renewable energy projects, but Trump’s policies may shift focus to emissions mitigation tied to fossil fuels, aligning with his “energy dominance” strategy. On the global stage, Trump’s energy agenda could deepen geopolitical tensions. Proposed tariffs on clean energy imports, alongside his confrontational trade stance with China, might disrupt supply chains and elevate costs for key energy technologies. During his previous term, tariffs on Chinese solar panels reached 25%, inflating domestic production costs and slowing clean technology deployment. Similarly, his withdrawal from international climate agreements and easing of environmental regulations could strain collaborations with allies and impact global efforts to mitigate climate change. During his campaign, Trump extolled the United States’ energy resources saying they have “more energy — we have more liquid gold, as I call it, under our feet than Saudi Arabia, than Russia, than anybody” and that “we’re going to be energy-dominant”. To this end, Trump’s fossil fuel agenda also highlights the Arctic National Wildlife Refuge and other sensitive areas for potential drilling, aiming to boost U.S. oil and gas output. However, higher production costs—ranging between $64 and $70 per barrel for new wells—could limit profitability. Even with regulatory easing, these initiatives may take years to materialise fully. While Trump’s policies may bring short-term economic benefits to fossil fuel sectors, the long-term implications for the U.S.’s role in clean energy leadership remain uncertain. With global markets increasingly embracing low-carbon technologies, — By The Al-Attiyah Foundation Copy 24/12/2024 10

Gophers football players are preparing to play Wisconsin for Paul Bunyan’s Axe on Friday, but three key pieces peered beyond the blinders to shore up their commitment to Minnesota on Monday. Quarterback Max Brosmer and offensive lineman Quinn Carroll — two sixth-year seniors — said they will play in the Gophers’ to-be-determined bowl game, bucking a growing trend of players skipping postseason games to prepare for shots in the NFL. Brosmer, a transfer from FCS-level New Hampshire, said he will “definitely” suit up. “It’s another opportunity for us to play as a team,” said Brosmer, who threw for 2,426 yards, 15 touchdowns and five interceptions in 11 games this season. “It’s a compilation of what you have worked on all season.” Carroll said he respects higher-level prospects who might opt out and protect their draft stock, but he wants to get back to a “standard” of players not skipping the games. “My goal ever since I came here was to be the leader, be the standard all the time, and I don’t want it to become a standard that we don’t play in the bowl game if we have NFL aspirations,” said Carroll, who has played three seasons at Minnesota after three years at Notre Dame. “Obviously it’s different for guys who are maybe touted a little bit higher or think it will be better off for them to start working on the next step, whether that is combine training or what have you. But that is one opportunity that I’m blessed with to play with the guys and I’m going to take full advantage of it.” Left tackle Aireontae Ersery is a prime candidate of a Gophers player who might want to safeguard a higher draft stock and limit injury exposure by sitting out the bowl game. The possible first- or second-round pick has not said what he might do. For example, former U center, John Michael Schmitz opted out of the Pinstripe Bowl in 2022; he was drafted in the second round by the New York Giants. Meanwhile, Gophers fifth-year defensive lineman Jalen Logan-Redding said he will return to Minnesota for 2025, instead of trying his luck in the NFL. “Coming back next year is definitely going to be the best for me and being able to maximize all my opportunities and exhaust eligibility,” Logan-Redding said. Logan-Redding said he talked with fellow D-lineman Deven Eastern, who has one more year remaining, about pairing up in 2025. “We talk a lot about it,” Logan-Redding said. “... We are excited for it, honestly. Not only continuing to build the D-line, but just continuing to build on the experience that we already have. We’ve seen the amount of destruction that we can create when we are focused. Me, Dev and, of course, (Anthony Smith). He would be pissed if I didn’t shout him out.” Smith, who has two more years of eligibility, has been one of the U’s best players in the last month. He has 23 total pressures and five sacks, including one sack in each of the last three weeks.None

Charlottesville native and star Virginia wide receiver Malachi Fields has found a new program to play for. Fields announced via social media on Monday afternoon that he committed to Notre Dame. He’ll play there for fellow Monticello High School alum Mike Brown, the Irish’s wide receivers coach. At UVa, Fields was an All-ACC third-team choice this past season. He hauled in 55 catches for 808 receiving yards and five touchdowns. The 6-foot-4, 220-pounder earned an invitation to play in the East-West Shrine Bowl. But instead of turning pro, he opted to depart the Hoos through the transfer portal to continue his college career. Virginia’s Malachi Fields catches a pass during a game against North Carolina at Scott Stadium on Saturday, Oct. 26, 2024. Fields is transferring to Notre Dame. The Irish had a first-hand look at Fields’ skill set last month, when they beat UVa, 35-14, in South Bend. Fields had four grabs for 81 yards in the loss and was a bright spot during a tough setback for the Cavaliers. With Notre Dame, he’s projected to be an immediate starter, especially with the College Football Playoff quarterfinal-bound Irish set to lose veteran wide receiver Beaux Collins, whose eligibility expires after this year. He enters seventh-seeded Notre Dame’s Jan. 1 Sugar Bowl showdown against No. 2-seed Georgia as the Irish’s leading receiver with 36 catches for 445 and two touchdowns. UVa already added a commitment from a transfer receiver in an effort to replace Fields’ production. This past Friday, the Hoos landed former Purdue receiver Jahmal Edrine, a 6-foot-3, 215-pounder with 63 catches for 944 yards and eight touchdowns in his career. Due to return at receiver for UVa are most notably Trell Harris, Andre Greene Jr., Suderian Harrison and Kam Courtney. Greg Madia gmadia@dailyprogress.com @GregMadia on X Get local news delivered to your inbox! UVa sports reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.