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Nippon Steel Corp. experienced a significant drop in its stock value following discussions between US President Donald Trump and Japanese Prime Minister Shigeru Ishiba regarding the company's planned acquisition of United States Steel Corp. The possibility of Nippon Steel making a substantial investment in the US steelmaker instead has caused uncertainty among investors. The original $14.1 billion acquisition deal, announced in December 2023, was blocked by former President Joe Biden in January for national security reasons. The lack of clarity on what an investment would entail has left investors seeking more information on the potential impact on Nippon Steel's earnings. [Extracted from the article]

Nippon Steel Corp. experienced a significant drop in its stock value following a summit between US President Donald Trump and Japanese Prime Minister Shigeru Ishiba, where it was suggested that Nippon Steel may invest in US Steel Corp. instead of acquiring it as originally planned. Former President Joe Biden had previously blocked the acquisition due to national security concerns, leading to uncertainty for investors. The companies have not yet provided details on the potential investment, leaving investors eager for more information on how it may impact Nippon Steel's earnings. [Extracted from the article]

Nippon Steel Corp. is hopeful that a meeting between Japanese Prime Minister Shigeru Ishiba and US President Donald Trump will advance their proposed $14.1 billion acquisition of United States Steel Corp. Despite opposition from both Trump and Biden, Nippon Steel believes Trump has the power to revive the deal. Nippon Steel and US Steel are suing the US over the blocked transaction, arguing that Biden's decision was politically motivated and a threat to national security. They are seeking to either win the lawsuit or convince Trump to approve the deal. [Extracted from the article]

The article discusses how the energy industry in the US has been heavily relying on artificial intelligence (AI) for growth, with many businesses banking on an AI boom to drive power demand. DeepSeek's unveiling of an energy-efficient chatbot has caused a significant impact on various sectors, leading to stock price drops for uranium producers, natural gas pipeline operators, and companies supplying power plant equipment. The article highlights the implications of DeepSeek's efficiency on AI development and energy consumption, raising questions about the future energy needs of data centers and the potential impact on different energy sources like natural gas and nuclear power. [Extracted from the article]

DeepSeek's recent unveiling of an energy-efficient chatbot has caused a significant impact on the US energy industry, particularly affecting companies banking on AI growth. The announcement led to a drop in share prices for uranium producers, natural gas pipeline operators, and other related businesses. The surge in AI enthusiasm has influenced various sectors, from utilities to nuclear power, with companies like LandBridge Co. and Chevron Corp. exploring opportunities in AI-related ventures. Despite the uncertainty surrounding AI's future energy demand, the industry remains optimistic about the potential benefits and challenges ahead. [Extracted from the article]

Fire investigators have requested Southern California Edison Co. to preserve its equipment near the site of the Eaton fire, which has caused significant destruction and loss of life. The cause of the fire is still under investigation, with a preliminary origin area identified near three Edison transmission towers. Edison is cooperating with investigators and has collected evidence from the area, including surveillance video footage. The company's stock has dropped significantly since the fires broke out, and it is facing lawsuits related to the blaze. [Extracted from the article]

The article discusses five key charts to watch in global commodities this week. It highlights Big Oil's earnings season, US President Trump's support for coal, West Africa's cocoa production challenges, China's renewable energy expansion, and the world's top cobalt miner's production plans. The text provides insights into the current trends and challenges in the global commodity markets, offering valuable information for those interested in these sectors. [Extracted from the article]

Los Angeles is experiencing much-needed rain after months of dry weather, which is helping to combat wildfires but also increasing the risk of landslides. The rainfall, ranging from a few hundredths of an inch to almost 2 inches, is expected to be heaviest overnight into Monday morning. The National Weather Service has issued a flood watch for Los Angeles County, with concerns about mud and debris flows in recent burn areas. Road closures have occurred due to mudflows, and firefighters are making progress in containing wildfires that have destroyed thousands of structures. [Extracted from the article]

Southern California is experiencing much-needed rain that will help firefighters combat ongoing blazes, but it also poses a risk of landslides. Los Angeles and Ventura counties could receive up to 1.25 inches of rain, with higher amounts in the mountains. The rain is a relief after a long dry spell, but the risk of landslides is higher in areas where vegetation has been burned off by wildfires. Firefighters have made progress in containing the fires, with some already over 90% contained. [Extracted from the article]

Los Angeles is experiencing its first significant rainfall in months, which is helping to combat ongoing wildfires but also poses a risk of landslides. The rain is expected to continue, with up to 2 inches in the mountains, potentially triggering mud and debris flows in areas affected by recent fires. Firefighters are making progress in containing the blazes, but the heavy rain may lead to flood warnings in burn areas. This rainfall comes after a series of deadly wildfires that have devastated the region, with 28 confirmed deaths and thousands of structures destroyed. [Extracted from the article]

Southern California is experiencing much-needed rain that will help firefighters combat ongoing blazes, but it also poses a risk of landslides. Los Angeles and Ventura counties could receive up to 1.25 inches of rain, with higher amounts in the mountains. The region has been dry since April, contributing to devastating wildfires, and the rain is seen as beneficial despite the potential hazards it brings. The National Weather Service has issued a flood watch for burn areas in Los Angeles County, where the risk of landslides is higher due to lack of vegetation. [Extracted from the article]

Fire investigators have requested Southern California Edison Co. to preserve its equipment near the site of the Eaton fire in Los Angeles. The blaze, which is now 98% contained, has caused significant destruction, including over 9,400 structures and 17 deaths. Investigators have not yet determined the cause of the fire but have identified a preliminary origin area near three Edison transmission towers. Edison is currently facing legal action related to the fire and is cooperating with investigators. [Extracted from the article]

President Donald Trump's endorsement of coal as a reliable energy source during a video address at the World Economic Forum in Davos, Switzerland, led to a surge in US coal producers' shares. Peabody Energy Corp. saw a 7.6% increase, Core Natural Resources Inc. gained 2.9%, and the Russell 3000's coal subsector index rose by 4.2%. Trump's emphasis on coal as a vital energy resource aligns with his broader support for fossil fuels, signaling a potential shift in US energy policy towards oil, natural gas, and coal. [Extracted from the article]

Constellation Energy Corp. has agreed to acquire Calpine Corp. for $16.4 billion, creating the largest fleet of US power stations. The deal will be a mixture of cash and stock, with Constellation assuming about $12.7 billion of Calpine's net debt. This acquisition comes as energy consumption in the US is expected to increase significantly in the coming years, driven by factors such as data centers, electrification of homes and cars, and a shift away from fossil fuels in manufacturing. [Extracted from the article]

Constellation Energy Corp. has agreed to acquire Calpine Corp. for $16.4 billion, creating the largest fleet of US power stations. This move comes as energy consumption in the US is expected to grow significantly, driven by factors such as data centers, new factories, and the electrification of cars. The deal will significantly boost Constellation's operating earnings per share and solidify its position as a major player in the energy sector. Financial advisers and legal counsels have been appointed to facilitate the acquisition. [Extracted from the article]

Constellation Energy Corp. has agreed to acquire Calpine Corp. for $16.4 billion, adding numerous power generation assets across the US. The deal includes a mix of cash and stock, with Constellation also taking on about $12.7 billion of Calpine's net debt. This acquisition marks one of the largest in the US power generation sector, reflecting the increasing demand for electricity in the country. [Extracted from the article]

Los Angeles is currently facing a severe wildfire crisis, with five major blazes burning out of control, leaving at least five people dead and forcing nearly 180,000 residents to evacuate. The fires have devastated neighborhoods, destroyed thousands of structures, and prompted evacuation warnings for an additional 200,000 people. The wildfires have caused significant damage to water, power, and sewer systems, with estimated economic losses ranging from $52 billion to $57 billion. Firefighters are working tirelessly to contain the blazes amidst dangerous winds, and the situation remains critical with more potential Santa Ana wind events expected in the coming days. [Extracted from the article]

Los Angeles is currently facing a severe wildfire crisis, with five major blazes raging out of control due to powerful winds. The fires have resulted in at least five deaths, destroyed neighborhoods, and forced over 100,000 people to evacuate. Firefighters are working tirelessly to contain the blazes, with additional support coming from other states and the US military. The situation is expected to worsen due to ongoing high winds, posing a significant risk of further damage and power outages in the region. [Extracted from the article]

The US Nuclear Regulatory Commission is working to streamline the approval process for new reactors to meet the increasing demand for carbon-free nuclear power in the country. Chairman Christopher Hanson is aiming to convince investors that the agency can efficiently usher projects through the approval process. The agency's focus on faster approvals is crucial as the industry looks to develop smaller, faster, and cheaper reactors to address rising energy needs and combat climate change. [Extracted from the article]

Constellation Energy Corp. has signed a $1 billion deal with the US government to provide electricity and services, funding upgrade projects for the country's largest nuclear fleet. The company will deliver over a million megawatt-hours of electricity annually under a 10-year, $840 million contract with the General Services Administration. These deals reflect the increasing demand for clean energy from nuclear plants and will enable Constellation to add 135 megawatts of capacity to its fleet. [Extracted from the article]

Oklo Inc., a nuclear technology developer supported by Sam Altman, has reached an agreement to provide up to 12 gigawatts of electricity to Switch Inc., a data center operator. This deal aims to meet the increasing power demands of technology companies. Oklo plans to deploy its Aurora small modular reactors by the end of the decade, with a projected price of $100 per megawatt-hour. The partnership reflects a growing trend of technology firms, such as Amazon and Meta Platforms, turning to nuclear energy to power their operations. [Extracted from the article]

The article discusses the increasing demand for electricity in the US due to factors such as artificial intelligence, electric vehicles, and data centers. This surge in power demand is challenging the country's transition to clean energy, with some utilities reconsidering their climate goals to meet the growing need for electricity. The return of Donald Trump to the White House is expected to further complicate the energy industry's efforts to reduce carbon emissions and transition to renewable sources. The article also highlights the potential impact of Trump's policies on the energy sector, including a possible shift towards supporting nuclear power. [Extracted from the article]

Commonwealth Fusion Systems LLC has secured a site for its first commercial-scale fusion power plant, aiming to harness the energy of the stars. The company plans to build the plant near a natural gas facility in Virginia, with the goal of achieving a critical milestone in 2027. This innovative project, which has received significant funding, could potentially revolutionize the energy industry by providing abundant and clean power in the early 2030s. [Extracted from the article]

Firefighters in California are making progress in containing the Franklin Fire near Malibu as the strong winds that fueled the blaze begin to calm down. The fire is now 20% contained, and power has been restored to the city after days of outages. Some evacuation orders are being lifted, but officials warn that the region may still face additional Santa Ana winds next week. Residents are hopeful for rain in the forecast to further aid in firefighting efforts. [Extracted from the article]

GE Vernova Inc., a major offshore wind turbine manufacturer, is facing challenges in a struggling industry marked by slowing demand and weak pricing. The company has not secured new sales for its offshore turbines in three years due to manufacturing and installation issues. Offshore wind projects are expensive and face obstacles like higher interest rates and supply chain bottlenecks, leading to cancellations and challenges in the US and Europe. GE Vernova's CEO suggests that offshore wind pricing should be more comparable to new nuclear projects for economic viability. [Extracted from the article]

A fast-moving wildfire in Southern California, known as the Franklin fire, has burned over 3,000 acres and forced the evacuation of thousands of residents in Malibu. The cause of the fire is still under investigation, but it has been fueled by strong Santa Ana winds. The fire has destroyed structures, prompted power outages, and highlighted the increasing threat of wildfires due to climate change. California Governor Gavin Newsom has secured federal emergency assistance to support the response efforts. [Extracted from the article]

A fast-moving wildfire in Southern California, known as the Franklin fire, has grown to over 2,700 acres and is threatening the town of Malibu. Thousands of residents have been evacuated, with schools closed and city officials operating out of nearby Calabasas. The fire, fueled by strong Santa Ana winds, has destroyed a minimal number of homes, and investigators are looking into the cause. Governor Gavin Newsom has secured federal emergency assistance, and the region remains at risk due to climate change and power outages to prevent additional blazes. [Extracted from the article]

A wind-fanned wildfire in Malibu, California, known as the Franklin Fire, tripled in size over an hour, destroying homes and prompting evacuations. Approximately 18,000 residents were under evacuation orders or warnings, with schools closed and major roads shut down. The fire, which has scorched about 2,200 acres, remains uncontained, with no reported injuries or fatalities. California Governor Gavin Newsom secured federal emergency assistance to aid in the response efforts. [Extracted from the article]

A wind-fanned wildfire in Malibu, California, tripled in size over an hour, prompting evacuation orders, school closures, and the shutdown of a segment of the Pacific Coast Highway. The Franklin Fire burned 1,822 acres overnight, with 6,000 residents evacuated and 12,500 under warnings. The fire, fueled by critical fire weather conditions, threatens the exclusive community of Malibu, highlighting the intensifying wildfire threat in California due to climate change. [Extracted from the article]

A recent report by Grid Strategies predicts that US electricity demand will increase by almost 16% over the next five years, driven by the growing need for power from new data centers and factories. This surge in demand, which is more than triple the previous estimate, is attributed to factors such as AI operations, new factories, and the electrification of various sectors. The unexpected boom in electricity demand has significant implications for energy markets, climate goals, and opportunities for power providers, according to the report. [Extracted from the article]

The US solar industry is projected to experience stagnant growth in installations over the next few years, with a slight decline expected in 2024. Factors contributing to this include labor issues, grid connection delays, and potential policy changes under President-elect Donald Trump, who has expressed skepticism towards clean energy initiatives. Despite these challenges, there has been a recent increase in domestic solar panel production capacity, which could potentially meet market demands in the future. [Extracted from the article]

Meta Platforms Inc., the parent company of Facebook, is seeking up to 4 gigawatts of new nuclear energy to power its data centers in the US. The company is looking for a reliable electricity source to support its artificial intelligence ambitions and is considering both large conventional reactors and small modular designs. While nuclear construction activity is currently low in the US, Meta aims to have power from new reactors by the early 2030s, with other tech giants like Amazon and Alphabet also investing in advanced reactor technologies. [Extracted from the article]

SolarEdge Technologies Inc. is reducing its workforce by 12% and shutting down its energy-storage unit due to a $1 billion writedown caused by a downturn in the US market. The Israel-based company is cutting about 500 jobs, primarily in South Korea, and plans to sell assets related to its storage operation. SolarEdge aims to refocus on its core solar business after facing challenges in the market, with shares gaining 10% in New York following the announcement. [Extracted from the article]

Peabody Energy Corp., the largest US coal miner, has shifted its focus to target growth in the global steel market by acquiring four mines in Australia that supply metallurgical coal. This move will almost triple Peabody's met coal output within two years, making it the world's third-largest exporter. The deal reflects Peabody's strategic shift as US coal demand declines, with the company now expecting 74% of its earnings to come from international met coal shipments. The acquisition is expected to close in mid-2025 and will likely cater to the growing demand for steel in Asia, particularly in countries like China, India, Japan, and Southeast Asia. [Extracted from the article]

Shares of Oklo Inc., a nuclear fission reactor company backed by Sam Altman of OpenAI Inc., experienced a significant drop after Kerrisdale Capital announced it was shorting the stock. The report raised doubts about Oklo's investment case, causing the stock to fall by 10%, although it later recovered slightly. Oklo, which recently went public through a special purpose acquisition merger, is developing small modular reactors, but faces technical and regulatory challenges that may delay its timeline for commercialization. The company's future remains uncertain, with analysts divided on its prospects and concerns raised about its technology and regulatory approval process. [Extracted from the article]

Commonwealth Fusion Systems LLC is exploring the conversion of old coal and natural gas power plants into fusion energy facilities, aiming to transition from polluting fossil fuels to carbon-free power. The company's advanced fusion technology, backed by significant funding, is nearing a major energy-generating milestone in early 2027. While the fusion industry has faced challenges and delays, Commonwealth's innovative magnets are seen as a key enabler for achieving net energy gain and making commercial fusion a reality. The company's Sparc demonstration system is expected to start generating plasma by mid-2026, with plans for a larger system, Arc, to potentially be operational in the early 2030s. [Extracted from the article]

Russia has announced temporary restrictions on the export of enriched uranium to the US, potentially impacting American reactors that supply nearly 20% of the nation's electricity. This move comes amidst Russia's use of energy resources as geopolitical leverage, with the US imposing a ban on Russian enriched uranium imports. The US, which lacks sufficient domestic enrichment capacity, is working to restart its capabilities, while companies like Centrus Energy Corp. are exploring alternatives to mitigate the impact of the Russian restrictions. [Extracted from the article]

Russia has temporarily limited exports of enriched uranium to the US, potentially impacting utilities that operate American reactors. This move comes amidst Russia's use of energy resources as geopolitical leverage due to its ongoing conflict in Ukraine. The US, which relies on Russian enriched fuel, faces supply risks as it lacks domestic enrichment capacity. Efforts to restart domestic uranium enrichment capabilities are underway, but the US remains dependent on foreign sources for enriched uranium. [Extracted from the article]

Oklo Inc., supported by Sam Altman, has secured a deal to provide up to 750 megawatts of electricity from nuclear reactors to two data center companies. This agreement adds to Oklo's existing pipeline of deals totaling 2,100 megawatts. The company is developing small reactors with capacities of 15 or 50 megawatts, with the first one expected to be operational in 2027. The growing demand for electricity in the US, particularly from technology companies powering data centers, is driving interest in carbon-free nuclear power solutions like those being developed by Oklo. [Extracted from the article]

SolarEdge Technologies Inc. saw a 16% drop in its stock value after taking a $1 billion writedown and warning of non-existent or negative margins for the current quarter. The company's third-quarter sales and profit fell below analysts' expectations, with current-quarter revenue also expected to be lower than anticipated. SolarEdge is facing challenges in the rooftop solar market due to high interest rates, leading to high inventory levels and a decline in value of assets. The company's short-term plan involves selling off inventory at low prices, but its long-term profitability remains uncertain. [Extracted from the article]

Solarcycle Inc. is planning to establish the largest solar-panel recycling facility in the US in Georgia to address the increasing demand for clean energy. The facility is expected to process 2 million panels annually by 2026 and aims to recycle 10 million panels a year in the future. The company plans to extract valuable metals and glass from the panels to reduce waste and supply neighboring plants. Solarcycle will invest approximately $400 million in the recycling facility and a glass plant in Cedartown, Georgia. [Extracted from the article]

Tech giants seeking to power large artificial intelligence centers face challenges after US regulators rejected Amazon's request to use a Pennsylvania nuclear plant's electricity. The Federal Energy Regulatory Commission's decision hinders the quick supply of electricity needed for data centers as AI technology advances. While the ruling may be temporary, concerns about the strain on the power grid and costs remain, highlighting the disconnect between tech industry speed and power infrastructure planning. The decision may prompt further discussions and reviews of options for powering data centers in the future. [Extracted from the article]