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NEW YORK (AP) — Stocks fell in morning trading Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.4%, with more than 80% of stocks in the benchmark index losing ground. Still, the index is managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 402 points, or 0.9%, to 42,945 as of 10:41 a.m. Eastern time. The Nasdaq composite fell 2%. Both the Dow and the Nasdaq are also holding on to weekly gains. Technology stocks were the biggest drag on the market Friday. Semiconductor giant Nvidia slumped 3.2%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 2.2% decline. A wide range of retailers also fell. Amazon fell 2.2% and Best Buy slipped 1.9%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy was the only sector within the S&P 500 rising. It gained 0.5% as crude oil prices rose 0.8%. Investors don't have much in the way of corporate or economic updates to review as the market moves closer to another standout annual finish. The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. 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. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury remained at 4.59% from late Thursday. The yield on the two-year Treasury slipped to 4.32% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.
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Unrivaled, the new 3-on-3 women's basketball league launching this winter, signed LSU star guard Flau'jae Johnson to a name, image and likeness deal. Johnson is the second college player to ink an agreement with Unrivaled, following UConn's Paige Bueckers. They won't be participating in the upcoming inaugural season, but Johnson and Bueckers will have equity stakes in the league. Unrivaled dropped a video on social media Thursday showing Johnson -- who also has a burgeoning rap career -- performing a song while wearing a shirt that reads, "The Future is Unrivaled." The deal will see Johnson create additional promotional content for the league. Johnson, 21, was a freshman on the LSU team that won the 2023 national championship. Now in her junior year, Johnson is averaging career highs of 22.2 points, 6.0 rebounds and 3.3 assists per game through 10 games for the No. 5 Tigers (10-0). She ranks eighth in Division I in scoring. Johnson has career averages of 14.1 points, 5.8 rebounds and 2.3 assists per game in 82 career appearances (80 starts) for LSU. --Field Level Media
EXCLUSIVE: Welsh broadcaster S4C is set to develop an eco-thriller series created by Hugo Award-winning screenwriter Morgan Gendel. The series, currently titled Isolation, follows a team of scientists working to combat global climate change who discover an even more catastrophic otherworldly threat. It is being developed for S4C by Hiraeth Productions, Fun Republic Pictures and Karma Film, in association with Gendel’s Cashmere Road Entertainment and BAI-LEY as part of S4C International’s Commercial Content Fund, which is designed to realize opportunities for global content across various platforms. “We are thrilled with the transatlantic team we have assembled to create this ambitious new eco-thriller series,” Gwenllian Gravelle, Drama Commissioner at S4C said in a statement Friday. “We always strive to punch above with our original Welsh series development slate and (Morgan) Gendel’s Isolation does just that for us”. Asa Bailey, Anand Ramayya and Fun Republic’s David Cormican will also produce. Executive producers include Gendel, Cormican, Mirror Waters’ Christina Rose and Terra Firma’s Peter Nelson. Gendel has spent three decades as a screenwriter, producer and showrunner. He is perhaps best known as writer of the Star Trek: The Next Generation episode, “The Inner Light,” which earned him the Hugo Award for Science Fiction Writing. He has written and produced for multiple series including Law & Order (for which he received an Emmy nomination), The 100, Star Trek: Deep Space Nine, Nash Bridges, The Dresden Files, MTV’s Spider Man and V.I.P . Prior to his writing career, Gendel also worked as the Director of Current Drama for NBC Entertainment and as a staff reporter for the Los Angeles Times. He also consulted for NASA on lunar habitats and is founder of Planetary Shelter LLC, a company that is working to advance his own patented technology for temporary shelter to house displaced refugees here on Earth and astronaut-explorers on the Moon and Mars. “Joining forces with S4C and BAI-LEY to develop Isolation , aligns with and builds upon our successful business model and track record working with like-minded European partners to deliver high-budget, flagship-worthy content to global audiences,” Cormican said in a statement. “It’s an added bonus that from a small pocket in Wales (Cymru), we may be able to help push the climate crisis agenda forward with this production landing at the crossroads between science, fiction and hopefully subsequent societal action”.
Littler, who won the Grand Slam of Darts last week, hit checkouts of 170, 164 and 136 as he threatened to overturn an early deficit, but Humphries held his nerve to win the last three legs. “I’m really, really proud of that one to be honest,” Humphries told Sky Sports. FOR THE SECOND TIME 🏆🏆 Luke Humphries retains his 2024 Ladbrokes Players Championship Finals title, beating Luke Littler 11-7 in the final. pic.twitter.com/QUhxvSbGeu — PDC Darts (@OfficialPDC) November 24, 2024 “I didn’t feel myself this week playing-wise, I felt like I was a dart behind in a lot of the scenarios but there’s something that Luke does to you. He really drives me, makes me want to be a better player and I enjoy playing him. “He let me in really early in that first session to go 4-1 up, I never looked back and I’m proud that I didn’t take my foot off the gas. These big games are what I live for. “Luke is a special talent and he was right – I said to him I’ve got to get these (titles) early before he wins them all. “I’d love to be up here and hitting 105 averages like Luke is all the time but he’s a different calibre, he’s probably the best player in the world right now but there’s something about me that never gives up. “This is a great way to go into the worlds.” HUMPHRIES GOES BACK-TO-BACK! 🏆 Luke Humphries retains his Players Championship Finals title! Cool Hand puts on an absolute clinic to defeat Luke Littler 11-7 in an epic final! 📺 https://t.co/AmuG0PMn18 #PCF2024 | Final pic.twitter.com/nZDWPUVjWE — PDC Darts (@OfficialPDC) November 24, 2024 Littler, who lost the world championship final to Humphries last year, said: “It was tough, missed a few doubles and if you don’t take chances early on, it’s a lot to come back. “I hit the 170 and the 164 but just didn’t have enough in the end. “It’s been a good past two weeks. I just can’t wait to go home, chill out, obviously practice at home for the worlds. That’s it now, leading up to the big one.”Trump's 2024 Campaign & Elon Musk's Success: Digital Marketing Parallels by FlyX Marketing Founder Albert Valiakhmetov
NEW YORK — Outside Nebraska football team’s hotel, sirens blared, horns honked and music cut through the cold December air. A lengthy procession of cars, escorted by the New York Police Department, paraded through the Manhattan streets reveling with passers-by as they celebrated Hanukkah in full force on Thursday night. While trips to a New York Knicks game, the 9/11 Museum and other sights around New York City have been highlights for the Nebraska football roster, head coach Matt Rhule is pleased with the level of focus he’s seen from his players. “Walking around New York City, there’s a lot of things to do that could pull you away (from the game), but they’ve done everything right and we’ve practiced well,” Rhule said. One final non-football activity took place Friday morning when Rhule, Ty Robinson, Isaac Gifford and Jahmal Banks went to the New York Stock Exchange. Rhule helped ring the bell to denote the opening of the stock markets for the day. People are also reading... Beatrice house suffers severe damage from Christmas fire Is John Dutton real? Meet the powerful rancher seemingly inspiring the 'Yellowstone' legend At the courthouse, Dec. 21, 2024 Beatrice church starts construction on fellowship hall Former Beatrice man sentenced for sex assault of runaway City employee retires after 47 years Gage County supervisors vote down FOP contract offer Two faces charges in January vehicle thefts Downtown Beatrice festive for the holidays Beatrice man pleads guilty to receiving child sex abuse images What’s open and closed on Christmas Eve and Christmas Day 2024? Beatrice's Schroeder wins at Junior Angus show Nebraska volleyball libero Lexi Rodriguez signs with LOVB's Omaha team Matt Rhule and Nebraska football plan Pinstripe Bowl practice in Central Park Main Street welcomes new director “I’ve grown up here and if you’d told me in one day I’d be on the floor of the stock exchange ringing the bell and a couple hours later I’d be on the field at Yankee Stadium, I never would have believed you,” Rhule said. Having arrived in New York on Monday, Nebraska has practiced in multiple different locations which include the New York Giants practice facility, Fordham University and a Christmas-day walkthrough inside Central Park. “When we landed we went right to practice, and the first thing we did was put our pads on and hit,” Rhule said. “We’ve given them some free time, we’ve done a lot of cool things and celebrated Christmas together, but at the end of the day this is an opportunity for us to finish our season the right way.” * Friday marked the first time Nebraska stepped foot inside Yankee Stadium for an on-field walkthrough prior to playing in the Pinstripe Bowl. As players and coaches alike soaked up the feeling of being inside the legendary sports venue, Rhule found himself impressed with the bowl game’s setup. “A lot of times they play a football game in a baseball stadium and it’s kinda shoehorned in there, but when they rebuilt Yankee Stadium they certainly did it right because (the field) fits perfectly,” Rhule said. * A photo posted by Nebraska football’s social media accounts on Thursday showed the nine newcomers who traveled with the team and have taken part in NU’s bowl game practices. Transfer defensive end Jaylen George and eight incoming freshmen have gotten a “jumpstart” to their Nebraska careers, Rhule said, by being part of team meetings and the on-field preparation. * With wide receiver Isaiah Neyor having opted out of Nebraska’s bowl game, Rhule identified Jaylen Lloyd and Keelan Smith as two wideouts who could see increased opportunities on Saturday. * Nebraska’s transfer portal efforts are not yet fully finished. Following the New Year, the Huskers can again host transfer players on campus for visits. “We’ll be back at work on the first,” Rhule said. “There’s no break, there’s no vacation and there’s no time away; there’s the game and then we’ll be ready to host people that first week (of January).” Get local news delivered to your inbox!
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'I felt like I was walking on eggshells': Family violence 'under-reported, under-prosecuted'Fusion, The Ultimate Energy Source As stable, reliable, cheap, and carbon-neutral energy supplies become an increasingly pressing issue, all eyes have been on nuclear solutions. This includes nuclear fission, or the splitting of heavy atoms like uranium, thorium, or plutonium. This technology is making a dramatic comeback on the back of the phasing out of coal and gas power plants, despite the need for baseload power generation, as well as the trends of electrification of transportation, heating, and industrial production. It is, however, not without problems, even for the more advanced 4th generation of nuclear power plants . Most notably, it still involves the handling of highly radioactive materials, something the public is still wary of and never going to be fully environmentally neutral. This is why scientists have been looking at the promises of nuclear fusion, which merge together atoms like hydrogen, the same phenomenon powering the Sun. Source: Nature This would use a fuel that is the most abundant element in the Universe and produce only harmless helium or lithium. It would also be powerful enough to make available essentially infinite energy, with zero risk of explosion or runaway chain reaction. The problem is that producing the required conditions is so hard to achieve that no fusion reactor has ever come close to commercialization so far. This might change in less than a decade, at least according to Commonwealth Fusion Systems (CFS). The company has just announced that it is moving toward building the first commercial fusion reactor in Virginia . CFS Reactor Project Commonwealth Fusion Systems is aiming for its ARC reactor to generate 400 MW for the Virginian power grid, which is enough to power 150,000 homes. This is a radical advancement for the field of nuclear fusion, as it always seemed that the first scale-up reactor was 20-30 years away. Even the massive international endeavor that is ITER (International Thermonuclear Experimental Reactor) is not expected to be finished before 2039. In comparison, the CFS reactor is planned to be built on a site owned by the energy company Dominion ( D +0.2% ). They see it as feasible as early as the early 2030s. “Our customers’ growing needs for reliable carbon-free power benefits from as diverse a menu of power generation options as possible, and in that spirit, we are delighted to assist CFS in their efforts.” Edward H Baine – Dominion president Commonwealth Fusion Systems CFS Technology To understand how realistic this project is, we need to look at CFS history. The company was spun off MIT in 2018 and has raised $2B since, notably from Italian oil giant Eni. CFS is developing a fusion reactor based on the “classic” tokamak design, which forms a plasma in a torus (donut shape). Source: DOE (You can learn more about nuclear fusion and different reactor designs in “ Nuclear Fusion – The Ultimate Clean Energy Solution on the Horizon ” and superconductivity in “ Progress In Superconductivity Making Way For A New Technological Revolution ”) CFS uses high-temperature superconducting (HTS) magnets developed in collaboration with MIT. They will control and compress the deuterium-tritium plasma to create nuclear fusion. A liquid “blanket” captures that energy as heat, then transfers it to water that turns a steam turbine to generate power. Deuterium is available nearly everywhere and can be filtered from seawater, while ARC blankets will naturally produce tritium. In 2021, it developed a 20 tesla HTS magnet , an improvement of 100-1,000x in previous magnet performance and the largest ever built. These magnets are now assembled in a new, record-breaking design called the Central Solenoid Model Coil (CSMC) . In 2024, the company also published its technology for a high-current-density, high-temperature superconducting cable that feeds power to these magnets . The fuel usage will be very compact, like for all nuclear fusion technologies: “Because only small amounts are needed, 30 years of ARC fuel can be delivered by a single truck when a new plant opens, with no price change risks down the line and no linkages to globally fraught supply chains.” Upcoming Series Of Reactors The HTS magnets will be used to build SPARC , aiming to be the first net-energy fusion reactor, meaning it will produce more energy from fusion than it consumes by igniting the hydrogen plasma. SPARC is already in construction on CFS's campus in Massachusetts but has yet to produce its first plasma. Source: CFS If all goes well with the SPARC demonstrator, ARC , to be built in Virginia is the next step. Source: CFS While SPARC is there to test the technology, ARC will be there to test the economics of the design. Each ARC will be about the size of a big-box store with about the same site needs. Source: CFS The next step is to mass-produce ARC, aiming to reduce manufacturing costs and spread out R&D costs. Serious Endorsements CFS is not only endorsed by Dominion and Eni but also by the UK Atomic Energy Agency, with whom it signed a five-year collaboration deal in 2022 . The research efforts of CFS were financed by awards from two US Department of Energy efforts, Advanced Research Projects Agency–Energy (ARPA–E) and Fusion Energy Sciences (FES). The MIT’s experts are also closely involved with CFS: “Where the mission of the TFMC was to demonstrate a steady strength, the CSMC needed to demonstrate speed. Hundreds of hands have touched this coil, from its inception on the drafting board to its long and complicated test program. The ingenuity, perseverance, and heart shown by this close-knit team was as impressive as the coil that sprang from their labors.” Ted Golfinopoulos, one of the MIT Principal Investigators on fusion reactors. Assessment Of CFS Commonwealth Fusion Systems' achievements in magnet technology are world-class. Stable magnetic confinement, the central concept of a tokamak reactor, could prove the missing key to solving the puzzle of nuclear fusion. It is, in any case, going to be a very valuable technology, not just for fusion applications. However, it is a little early to say how optimistic the CFS goals and timeline are. Nuclear fusion is a field littered with promising prototypes that have turned out to be less stable or productive than hoped for. So, it is unclear if the extra power of CFS’ magnets will be enough to produce reliable, profitable fusion plasma. As an example of possible unsolved issues, the tritium-producing blanket inside the reactor might not be as productive or durable as expected, even if plasma generation goes smoothly. Collecting back the power and turning it into electricity without damage to the reactor for decades of operation might prove tricky as well. The confidence displayed by CFS and Dominion Energy, however, shows that nuclear fusion is making great progress. Together with AI able to develop new material or stabilize plasma in real-time , we might be just 1-2 decades away from unlimited cheap energy that would instantly allow for massively deploying desalination, space exploration, indoor farming, etc. Fusion Companies Currently, none of the companies dedicated solely to making nuclear fusion commercially viable are publicly listed. This includes Helion , General Fusion , Commonwealth Fusion , TEA Technologies , ZAP Energy , and NEO Fusion. You can find an extensive list of startups in the nuclear fusion space on the dedicated page of Dealroom . Still, one publicly-listed company has been active in the field of fusion, with a redirection of its concept from energy production to space propulsion: Lockheed Martin. Lockheed Martin Corporation Lockheed Martin Corporation ( LMT +0.16% ) One notable exception to privately-listed startups dominating the field is the publicly traded company Lockheed Martin Corporation , a giant of the defense industry. Lockheed used to work since the early 2010s on Compact Fusion , a nuclear fusion reactor it expected to be ready by the 2020s. However, it has since been announced that the work on the project was stopped in 2021. The company has been very discreet about this project since the initial public announcement. To this day, it is unclear what could have prompted the company to abandon the idea. At the same time, it seems that it did not fully abandon the concept, notably with investments in 2024 in Helicity, a startup developing a fusion engine . The idea is to propel spacecraft with short bursts of fusion. Helicity plans to use a plasma gun, the same approach as General Fusion. Potentially, Lockheed's internal results have shown that its design could not sustain fusion in a way that is compatible with energy production. But maybe, at the same time, are short bursts enough for the need for propulsion in space and much closer to becoming an actual product? It would also be a better fit with the company's overall aerospace and defense-focused profile. You can learn more about Lockheed, including its main activity in weapon manufacturing, in a dedicated report from November 2024 .
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