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HII Hosts U.S. Marine Corps Leaders at Ingalls Shipbuilding
Globenewswire· 2026-02-03 18:45
PASCAGOULA, Miss., Feb. 03, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted U.S. Marine Corps Gen. Bradford Gering, assistant commandant, and fellow U.S. Marine Corps officers at the company’s Ingalls Shipbuilding division Thursday. The Marines met with Ingalls leadership and toured the shipyard, including stops at two of the five amphibious warships currently under construction, Bougainville (LHA 8) and Harrisburg (LPD 30). "We are honored to host Marine Corps leadership and showcase the critical role our ...
Centrus to Webcast Conference Call on February 11 at 8:30 a.m. ET
Prnewswire· 2026-01-29 21:30
Group 1 - Centrus Energy Corp. will hold its quarterly conference call on February 11, 2026, at 8:30 a.m. ET to discuss its fourth quarter and full year earnings report for 2025 [1] - The earnings report will be released after market close on February 10, 2026 [1] - The conference call will be accessible via the Company's website, with a replay available until February 24, 2026 [2] Group 2 - Centrus Energy is a supplier of nuclear fuel and services, contributing to the demand for clean, affordable, carbon-free energy [3] - The company has provided over 1,850 reactor years of fuel since 1998, equivalent to more than 7 billion tons of coal [3] - Centrus is focused on producing High-Assay, Low-Enriched Uranium and aims to restore America's uranium enrichment capabilities [4]
Deep Sea Minerals Corp. Completes Name Change and Provides Industry Update
Globenewswire· 2026-01-26 12:30
Core Viewpoint - Deep Sea Minerals Corp. has officially changed its name and stock symbol to reflect its focus on deep-sea critical minerals exploration, aligning with U.S. national security priorities and the energy transition [1][2]. Company Developments - The company's common shares began trading under the new symbol "SEAS" on the Canadian Securities Exchange [1]. - The name change signifies the company's evolution towards establishing a leading position in the deep-sea critical minerals sector [2]. Strategic Alignment - The U.S. government's emphasis on mineral independence enhances the strategic importance of deep-sea minerals, which are vital for national defense and clean energy systems [3]. - Recent U.S. policy shifts, including expedited exploration licensing and permitting for underwater mining, present significant opportunities for the company [4][5]. Regulatory Environment - The National Oceanic and Atmospheric Administration (NOAA) is conducting a hydrographic survey of over 30,000 square nautical miles off American Samoa, part of the U.S. Offshore Critical Minerals Mapping Plan [6]. - These regulatory changes align with the company's strategic priorities and may expedite its path to securing underwater mineral rights [5][7]. Market Positioning - The company aims to identify jurisdictions with potential for polymetallic nodule systems, which are crucial for various industries including defense and clean energy [9][10]. - Early-stage engagement with governments and regulatory bodies in the Pacific region is underway to explore future initiatives [11].
TikTok seals U.S. joint venture: Here's what you need to know
Youtube· 2026-01-23 16:17
Core Viewpoint - TikTok has officially formed a joint venture to continue its operations in the US, addressing national security concerns related to data management and ownership [1][2]. Group 1: Joint Venture Structure - The new US entity is majority American-owned, with three managing investors: Oracle, Silverlake, and Abu Dhabi's MGX, each holding a 15% stake [2]. - The board consists of seven members, predominantly American, and Oracle will safeguard US data [2]. Group 2: Compliance with Regulations - This arrangement aligns with President Trump's executive order from September, which aimed to mitigate concerns over potential Chinese influence on the app and American user data [1][3]. - ByteDance, TikTok's parent company, retains a 19.9% stake but is prohibited from having an operational relationship with TikTok in the US [4]. Group 3: Government and Regulatory Response - Chinese authorities have approved the arrangement, including the licensing of the algorithm from ByteDance, although the Chinese government remains cautious about the approval process [5]. - The deal is expected to facilitate upcoming discussions between President Trump and President Xi, removing previous hurdles [6]. Group 4: Ongoing Security Concerns - Despite the structural changes, there are lingering doubts among national security experts regarding the extent of ByteDance's influence and the effectiveness of the measures taken to ensure data security [7][8].
You're allowed to keep scrolling. TikTok has finalized its U.S. joint venture
Yahoo Finance· 2026-01-23 15:37
Core Viewpoint - TikTok has secured its future in the U.S. through a new joint venture with American investors, alleviating previous concerns about its operations and ownership structure [2][7]. Group 1: Joint Venture Structure - The joint venture was established under an Executive Order signed by President Trump, requiring ByteDance to divest majority ownership to an American-led investor group [2][3]. - The new venture includes three managing investors: Silver Lake, Oracle, and Emirati investment firm MGX, each holding 15%, while ByteDance retains 19.9% [2]. - Adam Presser, previously TikTok's head of operations, will lead the new venture, supported by a seven-member, majority-American board of directors [3]. Group 2: Data Protection and User Safeguards - The new venture will implement enhanced protections for user data and algorithms, alongside improved content moderation and software assurances [4]. - These protections will be secured through Oracle's cloud environment, ensuring national security through comprehensive data protections [5]. Group 3: User Base and Market Impact - TikTok continues to operate normally for American users, boasting over 200 million users and 7.5 million businesses utilizing the platform [5]. - The announcement has provided relief to U.S.-based influencers who depend on TikTok for their livelihoods, particularly in Southern California [6]. Group 4: Legislative Context - The deal addresses long-standing security concerns regarding ByteDance's ties to China, which had cast uncertainty over TikTok's U.S. operations [7]. - The executive order signed by President Trump allowed TikTok to continue operating in the U.S. while outlining the framework for the new joint venture [8].
TikTok Seals Deal For Majority U.S.-Owned Joint Venture, Oracle Holds 15%
Deadline· 2026-01-23 00:58
Core Insights - TikTok has announced a majority American-owned joint venture (JV) aimed at enhancing national security through comprehensive data protections and algorithm security for U.S. users [1][6] - The JV will operate under the TikTok U.S. Data Security (USDS) organization, governed by a seven-member board with a majority of American directors [2] Company Structure - The JV will be led by CEO Adam Presser, who has experience from TikTok and WarnerMedia, with Will Farrell appointed as Chief Security Officer [4] - Key investors in the JV include Silver Lake, Oracle, and MGX, each holding 15%, along with several other investment firms and family offices [5] Ownership and Financials - ByteDance, TikTok's parent company, retains a 19.9% stake in the JV, although specific financial details have not been disclosed [6] - The agreement allows over 200 million Americans and 7.5 million businesses to continue engaging with TikTok [6] Regulatory Background - The establishment of the JV follows a lengthy review process by the Committee on Foreign Investment in the United States (CFIUS) and legislative actions requiring a sale or ban of TikTok's U.S. operations [6] - The JV's announcement comes as a response to previous legal challenges and regulatory scrutiny faced by TikTok [6]
Wall Street braces for stocks to sink as Trump ramps up tariff threats over Greenland
New York Post· 2026-01-20 14:11
Market Reaction - Stock futures experienced a significant decline, with Dow futures down over 600 points (1.26%), S&P 500 futures dropping nearly 100 points, and Nasdaq futures falling more than 440 points (1.72%) before the market opened [1][3][4] Tariff Threats - President Trump announced plans to impose new tariffs starting at 10% on imports from several European nations, escalating to 25% by June if they do not agree to cede Greenland to the US [3][4] - The affected countries include Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, with tariffs set to begin on February 1 [3] Market Volatility - The CBOE Volatility Index surged above 19, indicating a shift from market complacency to heightened anxiety, marking the highest level in approximately two months [4] Safe Haven Investments - Traders are increasingly investing in safe havens such as gold and the Swiss franc due to concerns that the tariff threats could lead to a broader trade war with Europe [5] European Response - European leaders have rejected the notion of selling Greenland, emphasizing its status as an autonomous territory of Denmark, while warning of potential countermeasures against US tariffs [10] National Security Argument - Trump has framed the acquisition of Greenland as essential for US national security, citing its strategic location and resources as vital to countering Russian and Chinese influence in the Arctic [6][12] - Treasury Secretary Scott Bessent supported this view, stating that the strategy aims to prevent future conflicts by leveraging economic power instead of military force [9] Ongoing Negotiations - Trump indicated that diplomatic efforts are ongoing, mentioning a positive conversation with NATO Secretary General Mark Rutte and plans for a meeting with various parties in Switzerland [16]
Trump says the US will impose up to 25% tariffs on Denmark and other European countries until they hand over Greenland
Business Insider· 2026-01-17 17:24
Core Viewpoint - President Trump is leveraging tariffs to pressure Denmark and other countries into negotiating the sale of Greenland to the United States [1][2]. Group 1: Tariff Details - An additional 10% tariff on Denmark and several other countries will be imposed starting February 1, with a potential increase to 25% in June if no agreement is reached [1][2]. - These countries have been subject to tariffs since August 2025 due to Trump's previous trade policies [2]. Group 2: Strategic Importance of Greenland - Greenland is viewed as a national security issue due to its strategic location between Russia and China, and it hosts critical natural resources such as lithium, gold, iron ore, and oil [8]. - The U.S. already maintains a military base on the island, known as the Pituffik Space Base [8]. Group 3: Political Context - Trump's tariff threat coincides with the World Economic Forum in Davos, where he is expected to address global leaders [3]. - The White House is exploring various options to pursue the acquisition of Greenland, including potential military involvement [9].
Dominion Energy wins bid to resume wind project Trump halted
Fortune· 2026-01-16 20:18
Core Viewpoint - A federal judge has allowed Dominion Energy Inc. to resume construction of its $11 billion wind project off the coast of Virginia, despite ongoing legal challenges against a stop-work order issued by the Trump administration [1][2][4]. Company Summary - Dominion Energy is facing significant financial losses, reportedly losing about $5 million daily due to the halt in construction, with over two-thirds of the expected total project cost of $11.2 billion already spent [7]. - The company plans to safely restart work on the project, which includes 176 wind turbines expected to begin delivering electricity soon, while continuing its legal challenge [4][9]. - Dominion's legal arguments assert that the government's reasons for the construction pause are not plausible and infringe on its constitutional rights [12]. Industry Summary - The offshore wind industry in the U.S. has encountered various challenges, including inflation, supply chain issues, and rising costs due to tariffs, leading to project cancellations and delays [6]. - The Trump administration's actions, including a stop-work order on offshore wind projects citing national security concerns, have been met with legal resistance, with multiple judges ruling against the government's claims [3][10][11]. - The industry is under pressure to meet growing energy demands, particularly in Virginia, which hosts a significant concentration of data centers and military facilities [9].
U.S. attempt to seize Greenland could hurt trade with the EU, French finance minister says
CNBC· 2026-01-16 09:35
Core Viewpoint - The potential U.S. annexation of Greenland could severely impact trade relations with the European Union, leading to possible tariffs or economic sanctions and the risk of a trade war [1][6]. Group 1: U.S. Actions and Statements - U.S. President Donald Trump has intensified discussions about annexing Greenland, suggesting that force could be an option if necessary [1]. - Trump claims that acquiring Greenland is essential for national security, aiming to prevent rivals from accessing emerging trade routes and critical mineral resources [5]. Group 2: European Response - French Finance Minister Roland Lescure warned that U.S. actions towards Greenland could damage economic ties with Europe, emphasizing that Greenland is a sovereign part of Denmark, which is an EU member [2]. - Lescure indicated that if the U.S. were to invade Greenland, it would create a "totally new world," necessitating a significant adjustment in EU-U.S. relations [4]. Group 3: Economic Implications - Analysts suggest that significant economic pressure from the U.S. on Denmark could provoke a strong response from the EU, potentially leading to a trade war [6]. - The geopolitical strategist Dan Alamariu noted that such tensions would likely unsettle markets and raise questions about NATO's stability, although a breakup is not anticipated [7]. Group 4: Military and Political Developments - European troops have arrived in Greenland for a military exercise, signaling a collaborative effort among allies rather than a unilateral U.S. initiative [8]. - European Commission President Ursula von der Leyen affirmed the EU's commitment to supporting Greenland politically, economically, and in terms of security [9].