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China on Monday launched an investigation into US chip giant Nvidia for allegedly violating its anti-monopoly laws, a top government agency said, as the two countries race for global chipmaking dominance. Beijing's state administration for market regulation, the authority on antitrust issues, launched the probe "in accordance with the law," according to a statement shared online. Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox. After Beijing announced the probe, shares in Nvidia dropped 2.6 percent by Wall Street's close on Monday, precipitating a US stocks retreat. The artificial intelligence giant did not respond to a request for comment. China and the United States have in recent weeks clashed over exports of key chipmaking technology, where Nvidia is a major player. Beijing last week said it would restrict exports to the United States of some components critical to making semiconductors, after Washington announced curbs targeting China's ability to make advanced chips. Among the materials banned from export are the metals gallium, antimony and germanium, China's commerce ministry said in a statement that cited "national security" concerns. In its own latest curbs, Washington has announced restrictions on sales to 140 companies, including Chinese chip firms Piotech and SiCarrier, without additional permission. The move expands Washington's efforts to restrict exports of state-of-the-art chips to China, which can be used in advanced weapons systems and artificial intelligence. The new US rules also include controls on two dozen types of chipmaking equipment and three kinds of software tools for developing or producing semiconductors. The US tech behemoth has seen its profits soar on the back of strong demand for its artificial intelligence technology. In November, Nvidia surpassed Apple to become the highest-valued company in the world as the AI boom continues to excite Wall Street. But the Chinese market has been a rare weak spot. The US government in 2023 restricted Nvidia from selling some of its top AI chips to China, which the United States sees as a strategic competitor in the field of advanced semiconductors. Although Nvidia in November reported record high quarterly revenue, investors were wary of US-China tensions reheating with the return of Donald Trump to the White House. But during an event in Hong Kong last month, Nvidia's Taiwan-born CEO Jensen Huang told reporters "open science and open research in AI is absolutely global" and that "nothing" would stop that. mya/sn/mlm/jgcNEW YORK (AP) — Police arrested a suspect Monday in the brazen Manhattan killing of UnitedHealthcare's CEO after a quick-thinking McDonald’s employee in Pennsylvania alerted authorities to a customer who was found with a weapon, mask and writings linking him to the ambush. The chance sighting at the restaurant in Altoona led to a dramatic break in a challenging but fast-moving investigation that had captivated the public in the five days since the shooting that shook the health insurance industry. The suspect, identified by police as 26-year-old Luigi Nicholas Mangione, had a gun believed to be the one used in last Wednesday’s shooting of Brian Thompson , as well as writings suggesting anger with corporate America, police said. Mangione was taken into custody about 9:15 a.m. after police got a tip that he was eating at a McDonald’s in Altoona, Pennsylvania, police said. "He is believed to be our person of interest in the brazen, targeted murder of Brian Thompson,” NYPD Commissioner Jessica Tisch said. Mangione had clothing and a mask similar to those worn by the shooter and a fraudulent New Jersey ID matching one the suspect used to check into a New York City hostel before the shooting, Tisch said. NYPD Chief of Detectives Joseph Kenny said Mangione was born and raised in Maryland, has ties to San Francisco and a last known address in Honolulu, Hawaii. A message left Monday with a Philadelphia-area phone number connected to Mangione was not immediately returned. He was being held in Pennsylvania on gun charges and eventually will be extradited to New York to face charges in connection with Thompson’s death, Kenny said. Police found a three-page document with writings suggesting that Mangione had “ill will toward corporate America,” Kenny said. The handwritten document “speaks to both his motivation and mindset,” Tisch said. Mangione had a ghost gun, a type of weapon that can be assembled at home from parts without a serial number, making them difficult to trace, investigators said. “As of right now the information we’re getting from Altoona is that the gun appears to be a ghost gun that may have been made on a 3D printer, capable of firing a 9 mm round,” Kenny said. Officers questioned Mangione, who was acting suspiciously and carrying multiple fraudulent IDs, as well as a U.S. passport, Tisch said. Officers found a suppressor, “both consistent with the weapon used in the murder,” the commissioner said. NYPD detectives and staff from the Manhattan district attorney’s office traveled to Altoona to interview Mangione, Kenny said. Thompson, 50, was killed last Wednesday as he walked alone to a hotel, where UnitedHealthcare’s parent company, UnitedHealth Group, was holding its annual investor conference, police said. The shooter appeared to be “lying in wait for several minutes” before approaching the executive from behind and opening fire , police said. He used a 9 mm pistol that police said resembled the guns farmers use to put down animals without causing a loud noise. Mangione attended an elite Baltimore prep school, graduating as valedictorian in 2016, according to the school’s website. In his graduation speech, he talked about his classmates’ “incredible courage to explore the unknown and try new things.” He went on to earn undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a school spokesman said. In the days since the shooting, police turned to the public for help by releasing a collection of nine photos and video — including footage of the attack, as well as images of the suspect at a Starbucks beforehand. On Monday, police credited news outlets for disseminating the images and the tipster for recognizing the suspect and calling authorities. “Luckily, a citizen in Pennsylvania recognized the subject and called local members of the Altoona Police Department responded to the call, and based on their investigation, they notified the NYPD,” Kenny said. Photos taken in the lobby of a hostel on Manhattan’s Upper West Side showed the suspect grinning after removing his mask, police said. Investigators earlier suggested the gunman may have been a disgruntled employee or client of the insurer. Ammunition found near Thompson’s body bore the words “delay,” “deny” and “depose,” mimicking a phrase used by insurance industry critics . The gunman concealed his identity with a mask during the shooting yet left a trail of evidence, including a backpack he ditched in Central Park, a cellphone found in a pedestrian plaza and a water bottle and protein bar wrapper that police say he bought at Starbucks minutes before the attack. On Friday, police found the backpack that they say the killer discarded as he fled from the crime scene to an uptown bus station, where they believe he left the city. Retracing the gunman’s steps using surveillance video, investigators say the shooter fled into Central Park on a bicycle, emerged from the park without his backpack and then ditched the bicycle. He then walked a couple blocks and got into a taxi, arriving at at the George Washington Bridge Bus Station, which is near the northern tip of Manhattan and offers commuter service to New Jersey and Greyhound routes to Philadelphia, Boston and Washington, Kenny said. The FBI announced late Friday that it was offering a $50,000 reward for information leading to an arrest and conviction, adding to a reward of up to $10,000 that the NYPD offered. ___ Associated Press writers Mark Scolforo, Michael Rubinkam and Maryclaire Dale in Pennsylvania and John Seewer in Toledo, Ohio, contributed to this report.QT Marshall On Who Helped Him Come Up With Diss Track For Big Boom! AJIowa cornerback Jermari Harris has opted out of the remainder of the 2024 season in order to prepare for the NFL draft, according to a report by 247Sports.com . The 6-foot-1 sixth-year senior from Chicago has recorded 27 tackles, three interceptions and a team-high seven pass breakups in 10 games for the Hawkeyes this season. That includes a pick-6 in a 38-21 win over Troy earlier this season. Iowa (6-4, 4-3 Big Ten) plays at Maryland on Saturday before closing out its regular season at home against Nebraska on Nov. 29. The Hawkeyes are already bowl eligible, so Harris is likely opting out of three games in total. After missing the entire 2022 season due to an ankle injury, Harris was suspended for two games of the following season for his involvement in the gambling investigation into Iowa athletics. He later emerged as the Hawkeyes' top cornerback, earning the team's comeback player of the year award after compiling 42 tackles, one interception and eight pass breakups. Harris will finish his college career with 105 tackles and eight interceptions. --Field Level Media
Helicopter crashes into Turkish hospital, four dead
WASHINGTON (AP) — Working-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members, a political shift spotlighting one of President-elect Donald Trump’s latest Cabinet picks: a GOP congresswoman, who has drawn labor support, to be his labor secretary. Read this article for free: Already have an account? To continue reading, please subscribe: * WASHINGTON (AP) — Working-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members, a political shift spotlighting one of President-elect Donald Trump’s latest Cabinet picks: a GOP congresswoman, who has drawn labor support, to be his labor secretary. Read unlimited articles for free today: Already have an account? WASHINGTON (AP) — Working-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members, a political shift spotlighting one of President-elect Donald Trump’s latest Cabinet picks: a GOP congresswoman, who has drawn labor support, to be his labor secretary. Oregon Rep. Lori Chavez-DeRemer narrowly lost her bid for a second term this month, despite strong backing from union members, a key part of the Democratic base but gravitating in the Trump era toward a Republican Party traditionally allied with business interests. “Lori’s strong support from both the Business and Labor communities will ensure that the Labor Department can unite Americans of all backgrounds behind our Agenda for unprecedented National Success – Making America Richer, Wealthier, Stronger and more Prosperous than ever before!” Trump said in a statement announcing his choice Friday night. For decades, labor unions have sided with Democrats and been greeted largely with hostility by Republicans. But with Trump’s populist appeal, his working-class base saw a decent share of union rank-and-file voting for Republicans this year, even as major unions, including the AFL-CIO and the United Auto Workers, endorsed Democrat Kamala Harris in the White House race. Trump sat down with the International Brotherhood of Teamsters union leadership and members this year, and when he emerged from that meeting, he boasted that a significant chunk of union voters were backing him. Of a possible Teamsters endorsement, he said, “Stranger things have happened.” The Teamsters ultimately declined to endorse either Trump, the former president, or Harris, the vice president, though leader Sean O’Brien had a prominent speaking slot at the Republican National Convention. Kara Deniz, a Teamsters spokesperson, told the Associated Press that O’Brien met with more than a dozen House Republicans this past week to lobby on behalf of Chavez-DeRemer. “Chavez-DeRemer would be an excellent choice for labor secretary and has his backing,” Deniz said. The work of the Labor Department affects workers’ wages, health and safety, ability to unionize, and employers’ rights to fire employers, among other responsibilities. On Election Day, Trump deepened his support among voters without a college degree after running just slightly ahead of Democrat Joe Biden with noncollege voters in 2020. Trump made modest gains, earning a clear majority of this group, while only about 4 in 10 supported Harris, according to AP VoteCast, a sweeping survey of more than 120,000 voters nationwide. Roughly 18% of voters in this year’s election were from union households, with Harris winning a majority of the group. But Trump’s performance among union members kept him competitive and helped him win key states such as Pennsylvania, Michigan and Wisconsin. Chavez-DeRemer was one of few House Republicans to endorse the “Protecting the Right to Organize” or PRO Act, which would allow more workers to conduct organizing campaigns and add penalties for companies that violate workers’ rights. The measure would weaken “right-to-work” laws that allow employees in more than half the states to avoid participating in or paying dues to unions that represent workers at their places of employment. Trump’s first term saw firmly pro-business policies from his appointees across government, including those on the National Labor Relations Board. Trump, a real estate developer and businessman before winning the presidency, generally has backed policies that would make it harder for workers to unionize. During his recent campaign, Trump criticized union bosses, and at one point suggested that UAW members should not pay their dues. His first administration did expand overtime eligibility rules, but not nearly as much as Democrats wanted, and a Trump-appointed judge has since struck down the Biden administration’s more generous overtime rules. He has stacked his incoming administration with officials who worked on the Heritage Foundation’s “Project 2025” blueprint, which includes a sharp swing away from Biden’s pro-union policies. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. “Chavez-DeRemer’s record suggests she understands the value of policies that strengthen workers’ rights and economic security,” said Rebecca Dixon, president and CEO of National Employment Law Project, which is backed my many of the country’s major labor unions. “But the Trump administration’s agenda is fundamentally at odds with these principles, threatening to roll back workplace protections, undermine collective bargaining, and prioritize corporate profits over the needs of working people. This is where her true commitment to workers will be tested.” Other union leaders also issued praise, but also sounded a note of caution. “Educators and working families across the nation will be watching ... as she moves through the confirmation process,” the president of the National Education Association, Becky Pringle, said in a statement, “and hope to hear a pledge from her to continue to stand up for workers and students as her record suggests, not blind loyalty to the Project 2025 agenda.” AFL-CIO President Liz Shuler welcomed the choice while taking care to note Trump’s history of opposing polices that support unions. “It remains to be seen what she will be permitted to do as secretary of labor in an administration with a dramatically anti-worker agenda,” Shuler said. Advertisement AdvertisementElon Musk's $56 Billion Tesla Pay Package Rejected Again By Delaware Judge
Indiana Makes College Football History In The Worst Way In Blowout Loss To Ohio State
SOUTHFIELD, Mich. , Nov. 21, 2024 /PRNewswire/ -- Lear Corporation LEA , a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on December 30, 2024 , to shareholders of record at the close of business on December 11, 2024 . About Lear Corporation Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive betterTM by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan , serves every major automaker in the world and ranks 174 on the Fortune 500. Further information about Lear is available at lear.com. View original content to download multimedia: https://www.prnewswire.com/news-releases/lear-declares-quarterly-cash-dividend-302313449.html SOURCE Lear Corporation © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Syroco has developed and sells a software platform based on artificial intelligence, dedicated to weather routing (optimisation of routes by taking into account weather and sea conditions) and optimisation of vessel settings. It reduces the fuel consumption of merchant ships by more than 10% on average and up to 25% in certain situatiC’est ons. The ROI for customers is attained in a few months. The impact of the solution is very high in terms of CO2 emissions avoided. Current users already include Socatra, Knutsen OAS Shipping, Geogas, Marfret, Odfjell. This €7.5m Series A round of equity will allow Syroco to intensify efforts in Research & Development in order to offer even more intuitive and efficient solutions and to accelerate international commercial deployment. Decarbonisation of maritime transportation Maritime transportation represents 90% of the volume of global merchandise trade and is responsible for approximately 3% of carbon emissions globally, more than a billion tonnes each year. According to the International Maritime Organization (IMO), in the absence of robust measures, the environmental footprint of maritime transportation could generate 17% of greenhouse gas emissions by 2050. Binding regulations, including European carbon quotas or IMO commitment to reduce emissions by 50%, are gradually coming into force and requiring ship operators to adopt strong measures to improve their energy efficiency. Through this funding round, Syroco is strengthening its position as a key player in the decarbonisation of maritime transportation. The Syroco solution has been highlighted by several institutions selecting the most effective solutions in terms of energy transition, including The Arch. Syroco is also part of the French Blue Tech Index and was recognized as one of the 150 most innovative companies in maritime. Digital twin, data and artificial intelligence The solution offered by Syroco is based on accurate weather and sea data. It uses a digital twin (virtual representation mimicking the characteristics and behaviour of the ship), based on data and artificial intelligence, to calculate an optimised trajectory. The suggested route, constantly updated, takes into account operating constraints, including arrival time, seakeeping, navigation safety and cargo-specific operational parameters. The accuracy and performance of the solution, as well as its user-friendly and intuitive interface, drive the confidence of captains. Alex Caizergues, CEO and co-founder of Syroco, explained: “Thanks to this round of funding, we will continue our investments in Research & Development to provide our users with an always more intuitive solution and always more relevant recommendations, in order to reduce the consumption and emissions of their vessels. We will also accelerate the deployment of our global commercial operations in major shipping regions.” Fanny Picard, President of alter equity, added: “Syroco appears to have developed the best energy efficiency tool for maritime transportation in terms of both the accuracy of their technology and its use by ship captains. We are convinced by the huge potential of the platform for CO2 emissions avoidance, which should quickly reach several million tonnes. We are proud to support the team through our 29th investment and the very first of our third fund.” Isabelle de Cremoux, Chairman of the Board of Seventure Partners, concluded: “We are convinced that technological innovation is a powerful lever to accelerate transition to a sustainable economy and fight against climate change. By supporting Syroco, we are investing in a solution with a high environmental impact, which allows maritime transportation to significantly reduce their carbon footprint thanks to a reduction in fuel consumption. Support for Syroco’s development illustrates the commitment of Blue Forward FundTM as an investor: combine economic performance and environmental benefits through immediately actionable solutions for a more efficient and sustainable maritime industry.” Source: Syroco
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