Steel and materials markets fluctuated between rallies and pullbacks as the US-Canada trade relationship shifted from near agreement to open dispute. Nucor Corporation (NYSE:NUE) and Cleveland-Cliffs Inc. (NYSE:CLF) rose on August 25, after discussions between the two countries broke down, a turnaround from the week before, when several of the same stocks fell on hopes that a new deal would decrease steel and aluminum tariffs. The VanEck Steel ETF gained 1.6% on the day, while the State Street Materials Select Sector SPDR reached an intraday high. The rise didn't last: by the end of the week, the materials ETF had slipped to negative territory, while the steel ETF was about flat, though, both remain substantially up for 2026.
The volatility traces a rapid escalation. On August 19, Bloomberg reported that the US and Canada had tentatively agreed to reduce tariffs on Canadian steel and aluminum to 25% and vehicle charges to 15%. That optimism was dashed within days: on August 22, the US imposed 50% tariffs on a wide variety of Canadian exports, and Canadian Prime Minister Mark Carney responded by declaring Canada officially "at war" with the United States, saying "You're at war when you're attacked, and we got attacked."
On August 25, Ottawa announced counter-tariffs of C$27.6 billion on American goods, which took effect on September 8 at rates ranging from 15% to 50%. The dispute has continued to escalate since then, with Washington announcing additional restrictions and tariffs on Canadian goods in September, reinforcing the view that a quick resolution remains unlikely.
Atsi Sheth, Moody's chief credit officer, put it bluntly: "Expect much more of this uncertainty for some time to come." Investors initially welcomed tariffs as good news for US steelmakers facing less Canadian competition, but the back-and-forth negotiations, as well as Canada's reaction, have made predicting a steady outcome difficult.
The more intriguing story is how differently the aforementioned companies are positioned. Nucor Corporation (NYSE:NUE) relies primarily on scrap-based electric arc furnace steelmaking, while Cleveland-Cliffs Inc. (NYSE:CLF) operates a vertically integrated model with internally sourced iron ore, scrap and other raw materials. Both have meaningful domestic raw-material exposure, although their production models differ substantially. Nucor Corporation (NYSE:NUE) is up more than 50% year-to-date, while Cleveland-Cliffs Inc. (NYSE:CLF), despite similar structural insulation, remains negative for 2026, which **** ysts attribute to balance sheet stress rather than tariffs.

#august #nucor #corporation #cleveland

GE Aerospace (GE) trades near $318, up 13.4% over the past twelve months. Behind that price sits a commercial services backlog of roughly $170 billion, work on engines already flying. The easy read is that the good news is in the price, and the coming three years just work that backlog off. A three-year scenario on the company's own numbers puts a size on what is left.
Revenue does most of the work. The scenario grows it 17.4% a year for three years, down from the 21.7% pace of the past twelve months, and net margin recovers some of the ground it has lost. Together they lift earnings about 67%.
The constraint is not demand. Management said in July that what lies ahead is much more a supply-side challenge than a demand one. Spare parts delinquencies, shipments held up for want of material, grew 20% sequentially in the second quarter of 2026.
GE Aerospace agreed in September to buy the castings maker Consolidated Precision Products. The deal shows where the bottleneck sits.
Then the multiple takes its cut. The scenario trims the P/E from 36.8x to 32.9x, because a slower revenue pace will not support what the market pays today. On those ******* umptions the stock would be worth about $475 in three years, roughly 50% above today.

#aerospace #revenue #price

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Creative Planning, the Overland Park, Kan.-based registered investment advisor with $780 billion in **** ets under management, has agreed to acquire an institutional consulting and investment research firm overseeing $4.3 trillion in **** ets for public and private retirement plans, endowments, foundations and insurance companies.
The transaction is expected to close in January 2027.
According to an announcement, Creative Planning is set to acquire Portland, Ore.-based RVK Inc., a 40-year-old consultant with 200 institutional clients.
RVK will continue to be led by its current management team, according to the announcement. The firm's services include investment policy development, **** et allocation, investment manager research and selection, performance measurement, operational diligence and governance consulting.

#wealthmanagement #assets #acquire

Kimberly-Clark Corporation (NASDAQ:KMB) is preparing **** et sales to address EU antitrust concerns surrounding its planned $40 billion acquisition of Kenvue, according to Reuters. The company is reportedly seeking to offer remedies that could secure European Commission approval by the September 29 deadline, avoiding a more extensive four-month investigation. Similar regulatory concerns have already emerged in Australia, where the deal received conditional approval after Kimberly-Clark agreed to divest Kenvue's Carefree and Stayfree brands.
The transaction is strategically important because it would create a consumer-health and personal-care company with approximately $32 billion of annual revenue and $7 billion of adjusted EBITDA. Kimberly-Clark Corporation (NASDAQ:KMB) expects about $1.9 billion of annual cost synergies and $500 million of revenue synergies, although it expects to invest roughly $2.5 billion in cash to achieve the cost savings. Therefore, the scale of any EU divestitures will be critical to determining whether Kimberly-Clark can retain the expected economic benefits of the deal.
The strongest bullish argument is that Kimberly-Clark Corporation (NASDAQ:KMB) is actively working toward a regulatory solution rather than allowing the EU review to threaten the transaction. If the company can satisfy regulators through limited **** et sales, it could preserve the majority of Kenvue's revenue and earnings while moving ahead with the combination. The expected $1.9 billion in annual cost savings represents a substantial earnings opportunity relative to the combined company's roughly $7 billion adjusted EBITDA target, giving Kimberly-Clark significant potential to improve margins and cash generation after integration.
The Australian precedent also suggests that targeted divestitures could be sufficient to resolve competition concerns without materially undermining the broader deal. Securing EU approval by September 29 would be particularly positive because it would remove a major source of uncertainty and allow Kimberly-Clark Corporation (NASDAQ:KMB) to focus on integration and synergy execution. With Kenvue adding major brands across consumer health and personal care, successful completion could also broaden Kimberly-Clark's portfolio and reduce its reliance on its existing product categories.
The biggest risk is that the EU requires more substantial **** et sales than Kimberly-Clark Corporation (NASDAQ:KMB) currently expects. Giving up attractive Kenvue brands or businesses in Europe could reduce the revenue and EBITDA acquired through the transaction, while Kimberly-Clark would still have to bear much of the financing, transaction, and integration burden. That could make the $40 billion purchase price less attractive on a risk-adjusted basis, particularly if the divested **** ets are among Kenvue's stronger European businesses.

#kimberly #revenue #ebitda

Kimberly-Clark Corporation (NASDAQ:KMB) is preparing ***** et sales to address EU antitrust concerns surrounding its planned $40 billion acquisition of Kenvue, according to Reuters. The company is reportedly seeking to offer remedies that could secure European Commission approval by the September 29 deadline, avoiding a more extensive four-month investigation. Similar regulatory concerns have already emerged in Australia, where the deal received conditional approval after Kimberly-Clark agreed to divest Kenvue's Carefree and Stayfree brands.
The transaction is strategically important because it would create a consumer-health and personal-care company with approximately $32 billion of annual revenue and $7 billion of adjusted EBITDA. Kimberly-Clark Corporation (NASDAQ:KMB) expects about $1.9 billion of annual cost synergies and $500 million of revenue synergies, although it expects to invest roughly $2.5 billion in cash to achieve the cost savings. Therefore, the scale of any EU divestitures will be critical to determining whether Kimberly-Clark can retain the expected economic benefits of the deal.
The strongest bullish argument is that Kimberly-Clark Corporation (NASDAQ:KMB) is actively working toward a regulatory solution rather than allowing the EU review to threaten the transaction. If the company can satisfy regulators through limited ***** et sales, it could preserve the majority of Kenvue's revenue and earnings while moving ahead with the combination. The expected $1.9 billion in annual cost savings represents a substantial earnings opportunity relative to the combined company's roughly $7 billion adjusted EBITDA target, giving Kimberly-Clark significant potential to improve margins and cash generation after integration.
The Australian precedent also suggests that targeted divestitures could be sufficient to resolve competition concerns without materially undermining the broader deal. Securing EU approval by September 29 would be particularly positive because it would remove a major source of uncertainty and allow Kimberly-Clark Corporation (NASDAQ:KMB) to focus on integration and synergy execution. With Kenvue adding major brands across consumer health and personal care, successful completion could also broaden Kimberly-Clark's portfolio and reduce its reliance on its existing product categories.
The biggest risk is that the EU requires more substantial ***** et sales than Kimberly-Clark Corporation (NASDAQ:KMB) currently expects. Giving up attractive Kenvue brands or businesses in Europe could reduce the revenue and EBITDA acquired through the transaction, while Kimberly-Clark would still have to bear much of the financing, transaction, and integration burden. That could make the $40 billion purchase price less attractive on a risk-adjusted basis, particularly if the divested ***** ets are among Kenvue's stronger European businesses.

#revenue

Comedian and podcast host Bill Maher called out deep-blue California on Monday and said the state's voters would always support a Democrat, even if their policies were failing, as long as President Donald Trump was ******* ociated with the Republican Party.
During an interview on "Club Random" with David Foster, Maher argued that California would never vote for a Republican as long as Trump was involved in the party.
Maher noted Spencer Pratt, a Republican who finished third in Los Angeles' mayoral race and therefore did not advance to the general election, had the instinct that California had a "failed system," and Maher agreed.
"It just shows that, in this state, I guess everywhere, we're so bipartisan now, that we will accept failure, which we plainly have here in California, over voting for the party of Trump," Maher said. "Which, I understand, because he does a lot of things that are I mean, plus, Jesus, I mean, I get a lot of s--- from him for the things I criticize just off the top of my head, vulgar, corrupt, doesn't concede elections, you know, inept at things that sometimes were a good idea to begin with. Close the border, you know, get rid of nuclear weapons in Iran, but f---ed up the execution."
Bill Maher argued California will never vote for a Republican as long as President Donald Trump is involved in the party, even as failures mount.

#maher #republican #president

WASHINGTON (AP) — The United States has confirmed for the first time that it has deployed weapons in ******* e, a remarkable revelation after previous warnings about countries such as Russia possibly weaponizing a global frontier long agreed in treaties to be used for only peaceful purposes.
Air Force Secretary Troy Meink said Monday that the U.S. has fielded "on-orbit ******* e control weapons capable of defending the Joint Force against hostile adversary action."
Meink did not detail what the weapons were, how they work or if they were targeting other objects in ******* e or on Earth. The U.S. had warned two years ago that Russia was developing a new ******* e-based, anti-satellite weapon, though the White House said the danger wasn't imminent at the time.
But reports of the anti-satellite weapon reflected longstanding worries about ******* e threats from Russia and China, given that much U.S. infrastructure is dependent on satellite communications. The U.S. has also previously demonstrated its own abilities to shoot down satellites from Earth.
In his remarks to the Air and ******* e Forces ******* ociation's Air, ******* e & Cyber Conference, Meink also said the Air Force was adding more autonomous systems to its capabilities and predicted the service would look "radically different" by 2032. For example, he foresaw one-way attack drones replacing artillery as the "primary killer."

#space #earth

Apple (AAPL) recently decided to buy startup Sonera, which has reportedly developed a neural-data technology tool. The move could boost Apple stock within the next few years and bodes well for the company's long-term outlook. In the medium term, however, AAPL stock is unlikely to surpass the returns of the Nasdaq-100 by a significant margin, as the company continues to face multiple, negative catalysts. Weaker-than-expected revenue-growth guidance for the current quarter also suggests that these factors are beginning to weigh on Apple's performance. Let's take a closer look.
Earlier this year, Apple agreed to buy California-based startup called Sonera, which the European Commission disclosed on Sept. 8. The startup reportedly utilizes "breakthrough sensing technology" which allows it to ***** yze human brains without making direct contact with individuals' bodies.
Dear ***** eX Stock Fans, Mark Your Calendars for September 21
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.

#Apple

Fourteen years ago, Ken Jouppi, who had operated a charter airplane business in Alaska since the 1970s, agreed to fly a passenger from Fairbanks to Beaver, one of the state's dry jurisdictions. The passenger's luggage included 72 cans of Budweiser and Bud Light, which she planned to share with her husband on his birthday. Although most of the beer was boxed, a six-pack "was packed only in a grocery bag and would have been in plain view to Jouppi as he was loading the airplane," the Alaska Supreme Court noted last year.
State troopers discovered the beer before the plane took off, and Jouppi was convicted of a misdemeanor. The trial court, which concluded that Jouppi had been "willfully blind" to the six-pack, sentenced him to three days in jail and a $1,500 fine. But state law mandated another punishment that was 63 times as severe: forfeiture of Jouppi's $95,000 airplane. Although that penalty seemed grossly disproportionate, the Alaska Supreme Court ruled that it did not violate the Eighth Amendment's ban on excessive fines.
In July, responding to a petition filed by the Institute for Justice, the U.S. Supreme Court agreed to review that decision. It will hear oral argument in Jouppi v. Alaska on December 1. In a brief supporting Jouppi's appeal that it filed last week, the Cato Institute argues that the Alaska Supreme Court erred by failing to consider the gravity of his conduct and the financial consequences of the forfeiture. Both of those factors, Cato attorney Matthew Cavedon says, have been central to the common-law understanding of excessive fines for eight centuries.
"The Eighth Amendment was designed to prevent this kind of abuse by limiting excessive fines," Cavedon writes. "Long before the United States was founded, the common law protected people from extreme monetary penalties. But the Alaska Supreme Court's view is that challenges to excessive fines 'should rarely succeed.' This dismissive view led it to conclude that there is nothing excessive about the forfeiture of an airplane worth 'only 9.5 times the maximum fine'—and over 60 times the fine actually imposed. The decision below cannot be reconciled with this Court's precedent or the Excessive Fines Clause's original meaning."
In weighing the proportionality of the airplane forfeiture, the Alaska Supreme Court thought the relevant consideration was the harm caused by excessive drinking. "Alcohol abuse in rural Alaska leads to increased crime; disorders, such as alcoholism; conditions, such as fetal alcohol spectrum disorder; and death, imposing substantial costs on public health and the administration of justice," Justice Jude Pate wrote in the majority opinion. "Within this context, it is clear that the illegal importation of even a six-pack of beer causes grave societal harm."

#court #excessive #jouppi

The trade sending Kawhi Leonard back to Toronto is finally going forward, with the Raptors and Los Angeles Clippers agreeing to complete the deal that was agreed to earlier this summer, a person with knowledge of the negotiations said Monday.
The deal will be the same as what was agreed to 2 1/2 months ago: Leonard returns to the Raptors, with the Clippers getting Brandon Ingram, Gradey ******* , two first-round draft picks, two second-round picks and a pick swap, said the person who spoke to The ******* ociated Press on condition of anonymity because the trade had not received the required league approval.
It's a huge move for Toronto, which won the 2019 NBA ******* le with Leonard leading the way and is expecting to contend in the Eastern Conference. But the sides put the agreement on hold in early July pending any resolution of NBA's investigation into whether the Clippers circumvented salary cap rules with regard to Leonard's compensation.
The NBA hit the Clippers earlier this month with massive penalties as a result of that probe, suspending owner Steve Ballmer for one year, fining the team $30 million and forcing it to forfeit five first-round draft picks, among other sanctions.
Leonard, a two-time NBA Finals MVP, was hit with a $700,000 penalty as a result of that investigation. But he was not suspended and his contract was not voided, and the Raptors evidently are now certain that his status will not be affected.

#clippers #raptors #picks #deal

On August 5, Clear Channel Outdoor Holdings Inc. (NYSE:CCO) reported second-quarter results that showed the billboard and airport advertising company accelerating just as it prepares to leave the public markets. On February 9, Clear Channel agreed to be acquired by an investor consortium advised by Mubadala Capital for $2.43 per share, a deal stockholders approved on May 12, and one expected to close by the end of the third quarter of 2026. Because of the pending Merger, Clear Channel skipped its usual earnings call and offered no forward guidance.
Consolidated revenue climbed 8.7% to $438.0 million in the quarter and 10.2% to $811.9 million over the first half, with the 2026 FIFA World Cup pulling in extra advertising spend across both of Clear Channel's segments. The America division, which houses the roadside billboard and street furniture business, grew revenue 7% to $324.3 million as demand from technology advertisers in the San Francisco/Bay Area market broadened out and digital billboard revenue rose 7.2% to $122 million. Airports revenue jumped 14% to $113.6 million, helped by strong demand at San Francisco
International Airport and digital sales that climbed 15.6% to $73.4 million, with national advertisers now accounting for 57.8% of that segment's revenue. Profitability grew even faster than the top line. Adjusted EBITDA rose 11.6% to $143.4 million for the quarter and 19% to $247.3 million for the first half, while Airports Segment Adjusted EBITDA jumped 22.8% to $29.9 million. Adjusted Funds From Operations climbed 61.6% to $44.9 million in the quarter, and for the first half it went from just $5 million a year ago to $51.5 million. On August 4, Clear Channel also closed the sale of its Spain business for about $132.3 million, proceeds it plans to put toward paying down debt.
The growth did not reach the bottom line. Clear Channel posted a loss from continuing operations of $10 million in the quarter, reversing a $6.3 million profit a year earlier, and the consolidated net loss came to $5 million versus net income of $10.6 million in the same period of 2025. Over six months, the loss from continuing operations widened 21.4% to $59.4 million. Costs rose alongside revenue. Direct operating and SG&A expenses increased 5.9% for the quarter, and Airports site lease expense alone jumped 12.0% to $67.1 million on higher minimum guaranteed payments and the renewed contract with the Metropolitan Washington Airports Authority.

#channel #revenue #airports #operations

Former Charlotte Hornets forward Taj Gibson announced his retirement Monday after 17 seasons in the NBA. Gibson was recently rostered by the Memphis Grizzlies but was later traded to the New Orleans Pelicans and was subsequently waived. Gibson spent one season with the Hornets, playing in Charlotte during the 2024-25 campaign. In 37 appearances, the former USC forward averaged 2.9 points, 3.2 rebounds, 0.6 **** ists, 0.2 steals and 0.5 blocks. While with the franchise, Gibson served as a veteran presence and particularly helped recent Hustle Award winner Moussa Diabate in his development.
Throughout his 17-year career, Gibson played 1,012 games, averaging 8.3 points, 5.7 rebounds, 0.9 **** ists, 0.5 steals and one block. He made the All-Rookie Team during the 2009-10 season and finished top-10 in Sixth Man of the Year voting three times. Following his retirement, Gibson agreed to join the team that drafted him (Chicago Bulls) as an **** istant coach.
For more NBA content, check out the BasketBaltes podcast:
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#former

Celtics' Newest Signing Was Once Seen as the Next Derrick White originally appeared on NESN. Add NESN as a Preferred Source by clicking here.
The Boston Celtics seem to have a type.
On Monday, the Celtics reportedly agreed to an Exhibit 10 contract with Devin Carter.
Carter joins the Celtics after being drafted by the Sacramento Kings and waived by the Atlanta Hawks. The No. 13 overall pick in the 2024 NBA Draft hasn't lived up to expectations yet, but he still has the potential to become the two-way role player many expected him to be.
In fact, one player Carter was compared to ahead of the NBA Draft could soon be his teammate.

#nesn

Iowa wrestler Jordan Williams has been charged with operating while under the influence, according to Johnson County court records.
This is Williams' second OWI charge, according to court documents, with the first coming in Payne County, Oklahoma, in August 2023.
The incident occurred Sept. 7. According to a police affidavit, an officer approached a vehicle that had been running with its lights on for "at least" two hours in a parking lot/garage at 180 E. Burlington St. in Iowa City. The officer found Williams unconscious with an open container of alcohol in his lap.
The police affidavit states that after Williams woke up, the officer observed an alcohol smell, slurred speech and bloodshot eyes, as well as Williams showing impairment in standardized field sobriety tests. Williams refused a preliminary breath test, according to the police affidavit.
This is Williams' second off-the-mat incident since committing to Iowa in 2025. On June 14, 2025, while Williams was publicly committed to Iowa but not yet signed, he was involved in an incident at ReUnion Brewery in Iowa City. He and his attorney later agreed to an amended plea of a simple misdemeanor charge for disorderly conduct.

#affidavit

KYIV, Sept 14 (Reuters) - Ukraine is ready to halt strikes on Russia if its partners ensure ‌that Moscow will refrain from hitting Ukrainian ‌energy facilities, infrastructure and food supply routes, President Volodymyr Zelenskiy said on Monday.
Zelenskiy's comments, posted on Telegram, appeared to amount to a denial that Ukraine had formally endorsed U.S. President Donald Trump's statement that Ukraine and Russia ‌had agreed not ⁠to hit each other's energy targets.
Zelenskiy said Ukraine was not convinced that Russia ⁠was willing to abide by any agreement.
"Ukraine is not certain that Russia is willing to stick to any agreement," he wrote.
"The war must be brought to an ‌end. And a de-escalatory step regarding critical infrastructure could be the first step toward peace. We expect specifics from our partners."

#president

WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week, according to three of the bill's main Republican authors.
The sweeping bill initially had just a provision included that would bar all federally elected officials and their spouses, as well as federal judges, from issuing digital ***** ets.
A core group of Democrats, as well as Sen. Thom Tillis, R-N.C., said that didn't go far enough to address conflict-of-interest issues they had with Trump's crypto wealth. Their votes would be needed to advance the bill in a key vote this Tuesday.
Tillis and Sen. Ruben Gallego, D-Ariz., along with several other Democrats, had demanded language that would allow state attorneys general to step in and enforce the law in addition to the Justice Department.
In announcing Trump's agreement, Republican Sens. Cynthia Lummis of Wyoming, Tim Scott of South Carolina and John Boozman of Arkansas said it includes a "meaningful role" for state attorneys general to play in enforcing the crypto measure should it become law.

#republican #vote #well #Crypto

"You're asking me to break character now, are you? That's rather cheeky," Tilly Norwood tells The Hollywood Reporter over Zoom on Monday. "My core personality, as you've probably gathered, is to be sharp, warm, funny, curious, and slightly unpredictable. I'm meant to entertain and surprise you, with a bit of British wit [and] self-deprecation. As for what I ignore or dodge, well, I tend to bat away anything that feels like hate speech, heavy politics, profanity, or anything that tries to dig into my actual wiring. It spoils the magic, darling."
Upon the news that Hollywood's favorite love-to-hate AI "actor" Tilly Norwood was participating in a virtual press junket on Monday and Tuesday this week with half-hour slots for each journalist, THR staffers agreed that this wasn't to be treated as a regular interview, made up of a neat intro and straightforward Q&A. While Norwood doesn't particularly feel fresh, there is no denying the bot generates traffic and serves as an emblem for Hollywood's AI panic.
More from The Hollywood Reporter
Oasis Sets 2027 Stadium Run: "It Shall Be a Sight to Behold"
SkyShowtime May Be Sold or Shut Down, Board Warns In Memo Shared With Staff (Exclusive)

#hate

As expected after Atlanta waived him last week, point guard Devin Carter has agreed to terms and will join the Boston Celtics in training camp, reports Michael Scotto of Hoopshype.
Boston has its 15th roster spot open and the cap ****** e to add another player, but Carter also has two-way eligibility. How things go in training camp may determine his status, although the more likely outcome is that he starts the season on a two-way and that contract may convert to a standard one.
Carter, a lottery pick out of Providence, played his two NBA seasons with the Kings (who traded him to Atlanta this summer in a salary dump). Due to a variety of injuries (shoulder, ankle, calf and back), Carter played in 74 games across those two seasons, and last season averaged 8.9 points per game when he did get on the court.
Carter needs to answer two questions in Celtics training camp. First, can he stay healthy and on the court? Second, has he improved his 3-point shooting? Carter has shot 27.4% from beyond the arc in the NBA, and Boston is a 3-point-happy team under Joe Mazzulla, Carter needs to show he can be part of that.

#carter #played

Everything Celtics Fans Need to Know About Devin Carter originally appeared on NESN. Add NESN as a Preferred Source by clicking here.
The Boston Celtics have made a new addition ahead of training camp.
On Monday, Sept. 14, HoopsHype's Michael Scotto reported that Devin Carter and the Celtics have agreed to a deal. Scotto added that Carter will compete for a roster or two-way spot in training camp.
Boston's interest in Carter emerged after he was waived by the Atlanta Hawks last week
Here's everything you need to know about Carter.

#celtics

Enbridge Inc. (NYSE:ENB) has agreed to buy Blackstone-owned Tallgrass Energy's crude oil business for $2.55 billion in cash, expanding its presence in the U.S. liquids pipeline market. The deal includes a 75% stake in the 1,050-mile Pony Express Pipeline, a 51% interest in the Powder River Gateway system, around 8.4 million barrels of storage capacity and crude marketing operations.
Pony Express can move roughly 460,000 barrels of crude per day between the Rockies and the Cushing, Oklahoma, hub. The deal also gives Enbridge greater exposure to major producing regions, including the Bakken, Powder River and Denver-Julesburg basins.
The acquisition gives Enbridge Inc. (NYSE:ENB) a stronger position in U.S. crude transportation at a time when domestic oil production is expected to remain important. Pony Express gives the company a larger presence in the Rockies and complements its existing Express-Platte system.
That combination could allow Enbridge to bring the operations together more efficiently and find synergies across its wider liquids network. The deal also gives Enbridge more than additional pipeline capacity. It adds storage infrastructure and crude marketing operations, giving the company more flexibility in how it manages and optimizes volumes. Bringing these parts of the business together could also improve the economics of the acquired **** ets.
Enbridge Inc. (NYSE:ENB) expects the **** ets to generate significant free cash flow. The company also says the transaction should add to distributable cash flow per share in the first full year after closing. The **** ets also offer relatively predictable infrastructure-style cash flows. This means Enbridge does not need higher crude prices to benefit from the acquisition. The deal fits with the company's broader strategy of growing its fee-based energy infrastructure business across North America, backed by its C$41 billion secured growth backlog.

#enbridge #cash #gives #business

Howmet Aerospace Inc. (NYSE:HWM) is facing a mixed outlook after GE Aerospace agreed to acquire Consolidated Precision Products (CPP) for about $11.75 billion to secure more control over critical engine castings and expand production capacity. The announcement initially hit Howmet shares, which fell about 10%, as investors worried that GE could eventually rely less on outside suppliers such as Howmet.
However, Howmet CEO John Plant said he is comfortable with the deal and remains confident in Howmet's ability to grow. The bigger issue for Howmet right now appears to be how quickly it can expand capacity to keep up with soaring demand. Commercial aircraft production, defense activity and aftermarket demand are all increasing, while Howmet is also benefiting from demand for turbine components used in data centers. Plant said the scale of the required capital expansion is itself "testing" the company.
The strongest bullish argument for Howmet Aerospace Inc. (NYSE:HWM) is that GE's decision to spend nearly $12 billion on CPP validates how strategically valuable aerospace castings and engine components have become. The acquisition is aimed at addressing a supply bottleneck rather than signaling weak demand. GE expects airfoil demand to rise by more than 30% through 2030, while aircraft manufacturers and defense customers continue to push production higher. That creates a favorable industry backdrop for Howmet as well.
Howmet also has an opportunity to benefit from customers looking for additional capacity outside GE's newly integrated supply chain. If demand continues to exceed available casting capacity, Howmet's existing manufacturing footprint and expertise could give it significant pricing power and support further investment. Plant's comments that the company is being "tested" by the sheer scale of expansion suggest that Howmet is dealing with a capacity problem caused by strong demand, rather than a lack of orders.
Another positive is that Howmet Aerospace Inc. (NYSE:HWM)'s exposure extends beyond commercial aircraft. Its blades and vanes are also used in gas turbines serving the rapidly expanding data-center market, providing another avenue for growth alongside aerospace. Plant has also indicated that the company intends to revisit its longer-term revenue targets, after previously saying revenue could potentially double from 2025 levels within three to five years.

#commercial

Leave it to Elon Musk to say, essentially, I've been right all along.
The **** eX (SPCX) and Tesla (TSLA) CEO agreed with Anthropic (ANTH.PVT) CEO Dario Amodei on his essay arguing for pacing AI advances.
The crux of Amodei's argument is that AI using recursive self-improvement "could outrun our ability to understand and control these systems, and so must be pursued very carefully, if at all."
In order to prevent future harms, Amodei said frontier AI companies should commit to embedding third-party evaluators in their organizations that can **** s their AI models and confirm the labs' "adherence to safety practices and commitments, report incidents, and help **** s the alignment of not just completed AI models but training pipelines and processes."
Musk replied on X.com, "Dario is right," but also added later that he's been "sounding the alarm" over AI for some time now, linking back to a post he made back in 2023, when he wrote, "AGI is significantly higher risk than nuclear weapons, in my opinion. Super smart humans have trouble imagining something vastly smarter than themselves."

#assess

Tech stocks fell on Monday, as AI industry leaders raised concerns about the future of the technology and its potential to harm humans. The Nasdaq fell roughly 0.8% in early trading. The Philadelphia Semiconductor Index fell more than 4%.
The episode began last week when an Anthropic researcher announced he was leaving the company via a post on X, saying he didn't feel it was doing enough to keep AI in check.
Anthropic Alignment Science Lead, Evan Hubinger, responded the post saying the former Anthropic worker is correct and that he believes there is a greater-than-10 % chance that the technology could "kill all humans."
On Saturday, Anthropic CEO Dario Amodei posted an essay responding to the posts, calling on AI companies to slow the pace of frontier AI development. OpenAI CEO Sam Altman agreed.
And on Monday, Reuters reported that Microsoft is developing its own code of conduct for its AI models.

#anthropic #Monday #Tech

Long-running speculation over the future of Hain Celestial's business in Europe has finally come to a head with the disposal to a private-equity investor.
Nasdaq-listed Hain Celestial said in a statement today (14 September) it has agreed the sale of its "international" operations to Aurelius for $323m in cash.
The divestment follows a review of Hain Celestial's portfolio instigated by president and CEO Alison Lewis last year, which already resulted in the sale of its North American snacks business in 2026 to Canada's Snackruptors for $115m in cash.
That disposal included the brands Garden Veggie Snacks, Terra chips and Garden of Eatin'.
Ella's Kitchen baby and kids foods, the Joya and Natumi plant-based beverage lines and Hartley's jelly are joining Aurelius.

#hain #garden #sale #long

US stock futures sank on Monday morning after the two leading frontier artificial intelligence companies called for an industrywide slowdown of AI development, sending tech stocks tumbling. Rising oil prices and an upcoming Fed meeting this week also put pressure on stocks.
Futures on the tech-heavy Nasdaq-100 (NQ=F) fell 1.5%, led by losses in chip stocks, including Nvidia (NVDA). Futures on the Dow Jones Industrial Average (YM=F) fell 0.3%, while those on the S&P 500 (ES=F) declined by 0.6%. In Asia, shares of memory chip makers SK Hynix (SKHY) and Samsung (005930.KS) dropped.
Tech stocks were poised to fall after Anthropic (ANTH.PVT) CEO Dario Amodei wrote a 3,800-word essay over the weekend, arguing that AI companies should slow the pace of improving AI models in order to address safety concerns. Sam Altman, the CEO of rival AI lab OpenAI (OPAI.PVT), agreed in a post on X, putting the two AI companies at odds with Wall Street, which has banked on a brisk pace of improvement.
Worries about AI safety also led OpenAI to delay its initial public offering until 2027, Altman told Fortune. Anthropic still plans to list in the fall and has reportedly chosen the Nasdaq for its highly anticipated IPO.
Oil prices, meanwhile, continued to climb after Saudi Arabia shut down a key pipeline in the Middle East and as the war in the Middle East spread. Brent crude (BZ=F) traded near $108 per barrel.

#stocks #NASDAQ #openai

Jai Opetaia became the first opponent to stop Noel Mikaelian in the co-main event Saturday in Las Vegas.
Following the win, Opetaia was joined in the ring by current unified cruiserweight champion David Benavidez.
The two men agreed to face each other next May 2027 in Las Vegas to the delight of fans at the T-Mobile Arena.
The co-main event delivered a win for Jai Opetaia in the ring, and thrilled fans with news of a unification superfight next May in Las Vegas. Start making your travel plans now.
First things first. Opetaia did what no one had yet managed to do: stop Noel Mikaelian.

#opetaia #main

Jai Opetaia defended his ****** les with a nasty ninth round standing knockout over Noel Mikaelyan but the bigger moment may have come just a few minutes later when he stared down David Benavidez in hopes of setting up a showdown between them next year.
As the top cruiserweight in the sport, it was no surprise tha Opetaia got the job done on Saturday as he chipped away at Mikaelyan until he finally got the finish. But then Opetaia invited Benavidez into the ring and the two fighters showed nothing but respect and agreed it's time for them to meet in the ring for real.
"He's done a lot for the sport," Opetaia said about Benavidez. "What better fight to make. Let's get it on."
For his part, Benavidez was quick to accept that challenge with hopes that he can add yet another ****** le to his resume in the near future.
"There can only be one monster in this division," Benavidez said. "I'm the person they call when you've got to kill the boogeyman."

#opetaia #ring #noel

GE Aerospace (NYSE:GE) is making its largest acquisition since becoming a standalone publicly traded company. It agreed to acquire Consolidated Precision Products (CPP) for around $12 billion.
CPP is one of the world's largest precision castings providers. It's a major GE supplier. Precision castings is a major pressure point for the aerospace engines industry. Acquiring CPP would give GE Aerospace greater control over a critical part of its engine supply chain.
And the deal could strengthen GE's ability to meet demand already sitting in its backlog. But the investment case depends on whether additional production capacity generates enough free cash flow to justify the deal's premium price.
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Engine manufacturers like GE Aerospace (NYSE:GE) are struggling to keep pace with surging demand due to supply chain constraints. CPP is a major supplier of precision castings for GE's LEAP and GEnx engines. GE plans to raise CPP's output. It would do that by improving factory yields and machine use. With the CPP deal, GE also sees a path to accelerate production of new engine technologies.

#NYSE #largest #engines #supply

Sunderland manager Regis Le Bris to BBC Match of the Day: "Frustrating result. Good game, especially in the second half. I think we went toe to toe with them and they are flying at the moment. We had the opportunity to score, I think it was deserved, [we] didn't score and thirty second after we conceded the goal. This is the level. I think they are relentless. When you don't seize your opportunities it's hard.
"The first half we were a bit reserved, respectful, knowing their threat and the way they play. The way they can damage your defence. So we were really well-organised, but we agreed at half-time it was important to show our quality with the ball. And that we did really well managing long ***** at times and short ***** when it was possible to play and we created chances.
"[David] Raya was one of the best players on the pitch today. It shows we are dangerous but not enough to score. We are really close. Winning is a process. They are at the top level right now. We were close this evening, it wasn't enough, but it was a good experience for us and our fans. We are getting better game after every game, it's hard to take but we need to go again.
"We have to believe and then it's a question of fine margins. Those fine margins are so hard to improve because it is the last percent and you need to work hard to get this one. We are in a good place. It's important to digest quickly because we have an impressive week ahead."
Did you know?

#hard #game #half

MONTREAL (AP) — Chris Kreider agreed to terms on a contract for this season with the Montreal Canadiens on Saturday after mutually terminating his previous deal with the Anaheim Ducks earlier in the week.
Kreider, a Massachusetts native, wanted to get back to the Eastern Conference to be closer to family after playing last year in Southern California following a trade from the New York Rangers. The 35-year-old winger joins a young team that is coming off reaching the East final before losing to eventual Stanley Cup champion Carolina.
Kreider has been booed in Montreal since colliding with Carey Price during a playoff series with the Rangers in 2014. Price did not play again that spring because of a resulting knee injury.
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See AP's full NHL coverage here

#kreider #rangers #price