South Korea’s SK ties up with Bill Gates’ TerraPower for nuclear power opportunities

SEOUL – South Korea’s SK Inc said on Tuesday it signed an agreement with TerraPower, a U.S. venture founded by billionaire Bill Gates, to tap opportunities in connection with small-sized nuclear power reactors, called small modular reactors. SK Inc, the holding company for South Korea’s second-largest conglomerate SK Group, said in a statement it signed the agreement along with affiliate SK Innovation Co Ltd. The statement did not mention any investment details.

"South Korea’s SK ties up with Bill Gates’ TerraPower for nuclear power opportunities"

China’s COVID controls will impact foreign investment for years – U.S. lobby

SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process of research and due diligence for projects has been delayed, Michael Hart said at an event launching the chamber’s annual report.…

"China’s COVID controls will impact foreign investment for years – U.S. lobby"

Oil prices open lower as EU struggles to seal Russia import ban

– Oil prices opened lower in early Asian trade on Tuesday after the European Union’s efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary. Brent crude futures fell 35 cents, or 0.3%, to $113.89 a barrel at 0004 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.5%, to $113.68 a barrel. EU foreign ministers failed on…

"Oil prices open lower as EU struggles to seal Russia import ban"

Ukrainian troops evacuate from Mariupol, ceding control to Russia

KYIV/NOVOAZOVSK, Ukraine – Ukraine’s military said on Tuesday it was working to evacuate all remaining troops from their last stronghold in the besieged port of Mariupol, ceding control of the city to Russia after months of bombardment. The evacuation likely marked the end of the longest and bloodiest battle of the Ukraine war and a significant defeat for Ukraine. Mariupol is now in ruins after a Russian siege that Ukraine says killed tens of thousands…

"Ukrainian troops evacuate from Mariupol, ceding control to Russia"

Tiger Global raised stakes in some tech names battered by year’s rout -filing

BOSTON – Investment firm Tiger Global, which has lost billions of dollars in this year’s technology stock meltdown, increased its stakes during the first quarter in several companies that have been especially hard hit by the selloff, a regulatory filing shows. Tiger Global boosted its holding in consumer internet company Sea Limited by 18% to own 13.5 million shares on March 31, according to a filing made on Monday. Sea Limited’s stock price has tumbled…

"Tiger Global raised stakes in some tech names battered by year’s rout -filing"

New York congressional map deals blow to Democrats’ midterm hopes

– A court-appointed expert released a draft New York congressional district map on Monday that is far less favorable to Democrats than the original plan adopted by lawmakers, likely dealing a blow to the party’s prospects in November elections. Democratic majorities in the state legislature in February passed a map that would likely have won the party 22 of the state’s 26 seats in the U.S. House of Representatives. This would have partially countered new…

"New York congressional map deals blow to Democrats’ midterm hopes"

Explainer-What happened with Abbott baby formula that worsened a U.S. shortage?

– Abbott Laboratories, the biggest U.S. supplier of powder infant formula including Similac, initiated a recall and closed its Sturgis, Michigan, manufacturing plant earlier this year after reports of serious bacterial infections in four infants. The recall and shutdown has worsened a baby formula shortage among multiple manufacturers that began with pandemic supply chain issues. Here are some details about what has happened: WHEN DID THE PLANT CLOSE? Production at an Abbott plant in Sturgis,…

"Explainer-What happened with Abbott baby formula that worsened a U.S. shortage?"

‘Rust’ producer says movie will be completed – Hollywood Reporter

– A producer of the movie “Rust,” whose set saw the fatal accidental shooting of cinematographer Halyna Hutchins last year, said the movie will be completed, the Hollywood Reporter reported on Monday. Hutchins was killed in October when a revolver that actor Alec Baldwin was rehearsing with during filming in New Mexico fired a live round that hit her and movie director Joel Souza. Souza was wounded but survived. “We’re confident we’ll be able to…

"‘Rust’ producer says movie will be completed – Hollywood Reporter"

U.S. announces $6 billion in natural relief payments for farmers

CHICAGO – The U.S. Agriculture Department announced on Monday $6 billion in emergency relief payments for farmers impacted by natural disasters in 2020 and 2021. The funding can help cover damage to crops, trees, bushes, and vines from wildfires, hurricanes, floods, drought and extreme temperatures and comes from a bill President Joe Biden signed into law in September.

"U.S. announces $6 billion in natural relief payments for farmers"

Democratic frontrunner in Pennsylvania Senate primary to skip rally after stroke

PHILADELPHIA – Pennsylvania Lieutenant Governor John Fetterman, the leading Democratic candidate for the U.S. Senate in the state, will skip his election night party on Tuesday as he recovers in a hospital from a stroke suffered during the final days of the campaign. Fetterman’s Pittsburgh rally will proceed without him “as he will remain in the hospital resting and recovering,” his campaign said in a statement on Monday. His wife, Gisele Fetterman, and other guests,…

"Democratic frontrunner in Pennsylvania Senate primary to skip rally after stroke"