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By Keith Laing | Bloomberg California Governor Gavin Newsom is promising to step in with a state electric-car tax credit if US President-elect Donald Trump repeals a federal subsidy after he takes office next year. Newsom, a prominent Democrat and frequent critic of Republican politics, said in a statement Monday that he will propose rebooting a program California phased out in 2023 to provide EV buyers relief in lieu of a $7,500 tax credit targeted by Trump. Trump has long criticized President Joe Biden administration’s efforts to subsidize electric vehicles in a bid to boost adoption of cleaner cars. His transition team is now looking to slash fuel-efficiency requirements for new cars and light trucks as part of plans to unwind Biden policies the president-elect has blasted as an “EV mandate,” Bloomberg News reported last week. California clashed with Trump frequently on auto emission regulations during the incoming president’s first term, and the state’s leaders have made clear they are now girding for another fight. Newsom already has sought to shield the state’s policies on issues including reproductive rights, climate and immigration from potential threats under a Trump administration. California, as well as states including Oregon and Colorado, currently are exempt from rules that preempt them from enacting their own emissions standards for new vehicles. More than a dozen states representing more than a third of the US auto market now have formally opted to follow California’s rules. Trump in his first term targeted California’s right to set tougher gas mileage rules than the federal government. He is expected to make another attempt to roll back the California carve out under the 1970 Clean Air Act after taking office in January. Tesla said last week it’s reached a “conditional” settlement in its 2020 lawsuit accusing Irvine-based Rivian Automotive of poaching employees to steal electric-vehicle trade secrets. Tesla didn’t disclose specifics about the agreement in a court filing, but told a California state judge that it expects to seek dismissal of the case by Dec. 24 upon satisfactory completion of the terms. Rivian declined to comment. A lawyer for Tesla didn’t immediately respond to a request for comment. The dispute kicked off more than four years ago when Elon Musk’s electric-vehicle maker accused Rivian of an “alarming pattern” of poaching its employees and stealing trade secrets. Some workers were “caught red-handed” misappropriating core technology for its next-generation batteries, Tesla later said. Rivian has denied wrongdoing and criticized the lawsuit as an effort to suppress competition in the EV market. Rivian and a group of its employees who defected from Tesla lost bids to get the lawsuit thrown out and a trial was set for March. —Malathi Nayak at Bloomberg contributed to this report. Related ArticlesAthletic sports competition held in Mancherial
JX Advanced Metals USA Unveils New Mesa Manufacturing Center to Boost Semiconductor ProductionWade Taylor IV racked up 19 points that included eight in the final 3:22 of the game as No. 22 Texas A&M outlasted Texas Tech 72-67 on Sunday afternoon in the USLBM Coast-to-Coast Challenge in Fort Worth, Texas. Texas A&M (8-2) led by as many as 11 points in the first half and by three at halftime before the Red Raiders surged to the front early in the second half. Down 52-49, the Aggies produced an 11-0 surge capped by a jumper by Zhuric Phelps to take a 60-52 advantage with 5:02 to play The Aggies' margin was just two points when Taylor went hard to the hole on back-to-back possessions for layups that pushed the lead to 64-58. A 3-pointer by Tech's Chance McMillian cut lead to three but Taylor, Henry Coleman III and Solomon Washington converted free throws over the final 27 seconds to provide the deciding points for A&M. Jace Carter added 16 points and Phelps had 12 for the Aggies, who have won four straight games. McMillian's 23 points were a game high, while Kevin Overton added 17 and Darrion Williams had 11 for Texas Tech (7-2), which had a three-game winning streak snapped. The Aggies ruled the game's first five minutes, blitzing to a 13-2 lead thanks to eight early points from Taylor and a stifling defense that forced Tech into four turnovers. The Red Raiders responded with an 8-2 run capped by a jumper by Federiko Federiko to close the gap to five points at the 10:57 mark. Texas Tech continued to battle back, clawing to within 26-24 with 5:16 left in the first half thanks to a 9-0 run. Texas A&M boosted the margin to as many as six points after Manny Obaseki hit a layup with 2:23 remaining before McMillian canned a pair of free throws with 41 seconds to play to pull to within 34-31 at the break. Overton led all scorers with 14 points before halftime while Carter paced the Aggies with 13. The Red Raiders pulled even on Federiko's jumper 46 seconds into the second half, went in front on a jumper by Elijah Hawkins with 18:22 to play and pushed their advantage to five points on another Hawkins jumper at the 16:30 mark of the half. The Aggies swung back, tying the contest at 49 when Washington sank a 3-pointer with 10:48 left, setting the stage for the furious finish. --Field Level Media
Ripple’s XRP has always been a cryptocurrency staple and, as such, investors and analysts have been watching Ripple news very closely. With the pair at $2.30 and many expecting it to hit the much anticipated $5 in the near future. However, a new contender has literally crossed the scene of the new contender, Rexas Finance (RXS) which is not only gaining traction but is already ready to provide a much higher ROI than XRP ,10x ROI. XRP Set for Bullish Surge: Could Reach $5 by January 2025 Amid Legal Victory and Institutional Adoption! XRP Ripple is making a comeback as positive sentiment around ongoing legal battles and increased institutional adoption continues to support its resurgence. As we enter the last month of the year, analysts predict that XRP could consolidate around the price that it already is at for a few weeks before making a big move up. According to the current sentiment, XRP could manage to hit its all-time high of $5 by late January 2025, as it did during its past bull runs in 2017. fyi, if $XRP does still continue to follow 2017, we likely continue to consolidate for another 2 weeks until Christmas time then, we make our face melting move up for about a month until late January pic.twitter.com/E9MH8ljNXG With strong support levels on the charts and bullish patterns forming, technical analysis is bolstering the bullish predictions for XRP. If XRP can keep the momentum and close above important resistance levels, it could experience rapid price appreciation over the next few months, according to many market observers. XRP's track record as a useful tool for cross-border payments and partnerships with different industries is further fuelling this optimism. Rexas Finance (RXS): The $0.150 Token Revolutionizing Asset Tokenization with $28 Million Raised in Presale! XRP receives massive attention but Rexas Finance (RXS) is starting to make its name heard in the cryptocurrency world. Available at just $0.150 during its presale, RXS aims to bring real-world (RWA) tokenization to play, where users would be able to tokenize and trade real estate, art, and commodities. Given that, RXS is a game changer in the crypto space, an attractive proposition for investors who want to dig into the unique value propositions. The RXS presale has been off the hook, raising over $28 million with massive investor confidence. Demand is surging while there is just a small chunk of remaining tokens before the price increases to $0.175. RXS’ success at the presale shows a growing community of retail and institutional investor support for an asset that aims to bridge the gap between traditional assets and blockchain technology. Rexas Finance (RXS): The 'XRP Killer' Set for Explosive Growth with 1000%-10,000% Potential! All of this is starting to get people calling RXS an 'XRP killer,' which is in large part thanks to RXS’s focus on real-world applications that are broader in scope than what you might find in your typical cryptocurrency. Whereas most other cryptocurrencies are solely dependent on speculative trading, RXS offers a true utility with tokenizing assets, allowing users to have fractional ownership of physical assets. Due to this unique positioning, it not only appeals better but has the potential to be adopted in many industries. Based on current trends and investor interest, market analysts foresee RXS returns as both 1000% and 10,000%. Moreover, the token's potential for explosive growth is supported by the influx of capital from whales (large investors that are accumulating RXS at an increased rate). The more investors realize the benefits of RXS over XRP, the better RXS’ chances are to beat its competitors. Rexas Finance’s community is growing very fast and there are a lot of opportunities for growth and innovation. Any cryptocurrency’s success is strongly tied to the engagement from the community and it fuels demand as well as raises visibility within the market. Being listed on major platforms such as CoinMarketCap and CoinGecko, as well as having been through rigorous audits from Certik has given RXS the sort of credibility that can bring in more investors. Things are changing for the crypto community and now they are looking for projects that provide real-world solutions instead of mere speculative investment. This trend makes RXS' RWA focus a perfect match and a great opportunity for people interested in diversifying their portfolios while waiting for big returns. XRP vs. Rexas Finance (RXS): Two Game-Changing Tokens Set to Transform the Crypto Market in 2025! As we cast our gaze into the future in 2025 and beyond, XRP and RXS are both excellent investments. XRP already has a presence in the market, which assures investors to invest in stable situations and RXS has the innovative approach to make the investment in a unique manner through their asset tokenization model. The diversification of investors' holdings between these two tokens might maximize the gains while lowering any risk of market fluctuations. Investors can capitalize on RXS’s new technology in RWAs and XRP’s proven track record to place themselves in a growing cryptocurrency space. As key milestones heading towards 2025 approach, the cryptocurrency market is about to change a lot. XRP is a staple investment for many as analysts call for XRP to reach $5 as bullish trends continue. But there is one called Rexas Finance (RXS) that does just that; focusing on real-world asset tokenization. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.Trump says he can’t guarantee tariffs won’t raise US prices
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Jarvis Moss, Jonas Sirtautas lead Radford past Bucknell 74-70 in OTWhen Katja Vogt considers a Jaguar, she pictures a British-made car purring confidently along the Italian coastline — a vision of familiarity that conveys "that dreaming, longing feeling we all love." She's not sure what to think about Jaguar now after the 89-year-old company announced a radical rebranding that featured loud colors and androgynous people — but no cars. Jaguar, the company says, will now be JaGUar. It will produce only electric vehicles beginning in 2026. Bad attention is good attention, Jaguar execs would appear to believe. The car brand has prompted mockery online for posting a glitzy ad without a single car in it. Say goodbye to British racing green, Cotswold Blue and black. Its colors are henceforth electric pink, red and yellow, according to a video that sparked backlash online. Its mission statement: "Create exuberance. Live vivid. Delete ordinary. Break moulds." "Intrigued?" @Jaguar posted on social media. "Weird and unsettled" is more like it, Vogt wrote on Instagram. "Especially now, with the world feeling so dystopian," the Cyprus-based brand designer wrote, "a heritage brand like Jaguar should be conveying feelings of safety, stability, and maybe a hint of rebellion — the kind that shakes things up in a good way, not in a way that unsettles." Jaguar was one of several iconic companies that announced significant rebrandings in recent weeks, upending a series of commercial — and cultural — landmarks by which many modern human beings sort one another, carve out identities and recognize the world around them. Campbell's, the 155-year-old American icon that artist Andy Warhol immortalized in pop culture decades ago, is ready for a new, soupless name. Comcast's corporate reorganization means there will soon be two television networks with "NBC" in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News, a U.S. legacy news outlet. CNBC One could even argue the United States itself is rebranding with the election of former President Donald Trump and Republican majorities in the House and Senate. Unlike Trump's first election in 2016, he won the popular vote in what many called a national referendum on American identity. Are we, then, the sum total of our consumer decisions — what we buy, where we travel and whom we elect? Certainly, it's a question for those privileged enough to be able to afford such choices. Volumes of research in the art and science of branding — from "brandr," an old Norse word for burning symbols into the hides of livestock — say those factors do contribute to the modern sense of identity. So rebranding, especially of heritage names, can be a deeply felt affront to consumers. "It can feel like the brand is turning its back on everything that it stood for — and therefore it feels like it's turning its back on us, the people who subscribe to that idea or ideology," said Ali Marmaduke, strategy director with the Amsterdam-based Brand Potential. He said cultural tension — polarization — is surging over politics, wars in Russia and the Mideast, the environment, public health and more, creating what Marmaduke said is known as a "polycrisis": the idea that there are several massive crises converging that feel scary and complex. Campbell's soups "People are understandably freaked out by that," he said. "So we are looking for something that will help us navigate this changing, threatening world that we face." Trump's "Make America Great Again" qualifies. So did President Joe Biden's "Build Back Better" slogan. Campbell's soup itself — "Mmm Mmm Good" — isn't going anywhere, CEO Mark Clouse said. The company's new name, Campbell's Co., will reflect "the full breadth of our portfolio," which includes brands like Prego pasta sauce and Goldfish crackers. None of the recent activity around heritage brands sparked a backlash as ferocious as Jaguar's. The company stood as a pillar of tradition-loving British identity since World War II. The famous "leaper" cat Jaguar logo is pictured in 2019 at the Auto show in Paris, France. Jaguar said its approach to the rebrand was rooted in the philosophy of its founder, Sir William Lyons, to "copy nothing." What it's calling "the new Jaguar" will overhaul everything from the font of its name to the positioning of it's famous "leaper" cat. "Exuberant modernism" will "define all aspects of the new Jaguar world," according to the news release. The approach is thought to be aimed at selling fewer cars at a six-figure price point to a more diverse customer base. The reaction ranged from bewilderment to hostility. Memes sprouted up likening the video to the Teletubbies, a Benetton ad and — perhaps predictably — a bow to "woke" culture as the blowback intersected with politics. Get the latest local business news delivered FREE to your inbox weekly.None
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