Trump Media and Technology Group said it will merge with an experimental fusion energy corporation called TAE Technologies. In an all stock transaction valued, they say, at more than $6 billion, shareholders of each company will own approximately 50% of the combined company, which the parties are calling one of the world's first publicly traded fusion companies. And they say that Trump Media's hefty balance sheet is going to help fuel innovation in that fusion energy tech.The company says it's just on the v ...

Shares of Trump Media soaring 37% after announcing plans, and follow me on this one, to merge with a fusion company, a private one called TAE Technologies. That's right, a nuclear fusion company. It's going to make that company go public.Aean Jabers is in Washington with more. Aean, uh, please explain this deal to us. Hey there, Kelly.Yeah, the announcement this morning was surprising to say the least. Trump Media and Technology Group said it will merge with an experimental fusion energy corporation called ...

Leadership Change - Meg O'Neill, formerly in a leadership role at a major Australian energy company, is appointed to lead BP [1] - BP aims to refocus on its oil and gas operations under O'Neill's leadership [1] Industry Focus - The energy sector is observing BP's strategic shift back towards oil and gas [1] - The appointment signals a potential change in BP's approach to environmental concerns, given O'Neill's past interactions with environmentalists [1]

VivoPower International, a publicly listed energy and digital asset treasury company, said Wednesday it plans to originate up to $300 million worth of Ripple Labs shares for South Korea-based investment firm Lean Ventures. The share deal will proceed under an arrangement the company says would provide indirect exposure to roughly 450 million XRP tokens valued at around $900 million at current prices. The arrangement was disclosed on Tuesday, though VivoPower’s latest SEC filing on the same day does not ...

We recently published 10 Big Names Investors Are Dumping. Bloom Energy Corp. (NYSE:BE) is one of the worst performers on Wednesday. Bloom Energy extended its losing streak to a fourth straight day on Wednesday, shedding 12.14 percent to finish at $76.97 apiece as investors trimmed their positions in AI-linked stocks amid growing concerns about the industry. Bloom Energy Corp. (NYSE:BE) took a hit from heavy AI selling, having been riding the wave since early this year, triggered by Blue Owl Capital’s pul ...

Economic Indicators - The Consumer Price Index (CPI) for November is expected to increase by 0.3 percent, with the release scheduled for 8:30 am ET [3] - Jobless Claims for the week are anticipated to be 225K, down from 236K in the prior week [3] - The Philadelphia Fed Manufacturing Index for December is forecasted to rise by 2.2, following a decrease of 1.7 in November [3] - The third quarter Current Account deficit was $251.3 billion in the prior quarter [4] - E-Commerce Retail Sales for the third quarter showed a 1.4 percent increase in the previous quarter [4] - Leading Indicators for November are expected to be down 0.3 percent from the prior month [5] - The EIA's Natural Gas Report indicated a decrease of 177 bcf in gas stock in the prior week [5] Market Performance - Asian shares mostly finished lower, with the Shanghai Composite index up by 0.16 percent to 3,876.37 and Hong Kong's Hang Seng index slightly higher at 25,498.13 [5] - Japanese markets hit three-week lows, with the Nikkei average falling 1.03 percent to 49,001.50 and the broader Topix index down 0.37 percent to 3,356.89 [6] - European shares are trading mostly higher, with the CAC 40 Index up 17.23 points or 0.21 percent, the DAX gaining 62.05 points or 0.26 percent, and the FTSE 100 Index progressing 1.52 points or 0.02 percent [6][7] - The Swiss Market Index added 19.19 points or 0.15 percent, while the Euro Stoxx 50 Index increased by 22.41 points or 0.39 percent [7] Futures Market - As of 7:30 am ET, Dow futures were up 85.00 points, S&P 500 futures added 26.75 points, and Nasdaq 100 futures progressed 196.25 points [2]

Alex, stay with us for just a moment because we've got some news about a new media merger and it's pretty unusual one. Uh, the Trump Media and Technology Group is announcing plans to merge with TAE Technologies. That is a fusion power company.This is an all stock merger of equals that's valued at more than $6 billion. And upon closing, Trump Media will be a holding company for its current portfolio of media brands including Truth Social. also the power brands that are owned by TAE.If you read this release, ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] Investment Opportunity - A specific company is highlighted as a potential investment opportunity, possessing critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI data centers [3][7] - This company is not a chipmaker or cloud platform but is positioned to benefit significantly from the anticipated surge in electricity demand driven by AI technologies [3][6] Energy Demand and Infrastructure - AI technologies, particularly large language models like ChatGPT, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The company in focus is involved in nuclear energy infrastructure, which is crucial for America's future power strategy, and is capable of executing large-scale engineering, procurement, and construction projects across various energy sectors [7][8] Financial Position - The company is noted for being completely debt-free and holding a substantial cash reserve, amounting to nearly one-third of its market capitalization, which positions it favorably compared to other energy firms burdened with debt [8] - It is trading at less than 7 times earnings, indicating a potentially undervalued investment opportunity in the context of its critical role in the AI and energy sectors [10] Market Trends - The company is expected to benefit from the onshoring trend driven by tariffs, as well as the surge in U.S. LNG exports under the current administration's energy policies [5][14] - There is a growing recognition on Wall Street of this company's potential, as it quietly capitalizes on multiple favorable market trends without the high valuations typical of many tech stocks [8][9] Future Outlook - The influx of talent into the AI sector is anticipated to drive continuous innovation and advancements, making investments in AI infrastructure increasingly attractive [12] - The overall narrative suggests that investing in this company represents a strategic move to capitalize on the intersection of AI and energy, with the potential for significant returns in the near future [15][19]

Core Viewpoint - Meg O'Neill, an experienced figure in the energy industry, has been appointed by BP to lead significant changes at the company, following her impactful leadership at Woodside Energy in Australia [1] Group 1: Leadership Changes - Meg O'Neill's appointment at BP signifies a strategic move to revitalize the company's operations and direction [1] - Her previous success at Woodside Energy highlights her capability to drive transformation within major energy firms [1] Group 2: Industry Impact - The leadership change at BP may influence the broader energy sector, as companies look to adapt to evolving market conditions and sustainability goals [1] - O'Neill's experience is expected to bring fresh perspectives to BP's strategies, potentially affecting its competitive positioning in the industry [1]

Leadership Change - Woodside Energy's CEO Meg O'Neill has resigned [1] - Meg O'Neill is set to become the CEO of BP [1]