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By JOSH BOAK WASHINGTON (AP) — President-elect Donald Trump on Thursday voiced his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports, saying that any further “automation” of the ports would harm workers. Related Articles National Politics | Will Kamala Harris run for California governor in 2026? The question is already swirling National Politics | Senate begins final push to expand Social Security benefits for millions of people National Politics | Trump taps immigration hard-liner Kari Lake as head of Voice of America National Politics | Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing National Politics | Pressure on a veteran and senator shows what’s next for those who oppose Trump The incoming president posted on social media that he met Harold Daggett, the president of the International Longshoreman’s Association, and Dennis Daggett, the union’s executive vice president. “I’ve studied automation, and know just about everything there is to know about it,” Trump posted. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen. Foreign companies have made a fortune in the U.S. by giving them access to our markets. They shouldn’t be looking for every last penny knowing how many families are hurt.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to “supporting American consumers and giving American businesses access to the global marketplace – from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products.” “To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who won November’s election on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a $1.3 billion port in Peru that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. Instead, Trump said that ports and shipping companies should eschew “machinery, which is expensive, and which will constantly have to be replaced.” “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries,” Trump posted. “It is time to put AMERICA FIRST!”

Donald Trump's Financial Legacy: Nominations and Economic AgendaNone

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CHEYENNE – The city of Cheyenne's Housing & Community Development Division has proposed a substantial amendment to the Community Development Block Grant Program Annual Action Plan for Program Year 2024. This amendment aims to reallocate $291,884 in returned funds from a CDBG recipient to create a new ADA-compliant playground in Optimist Park. The proposed playground will be located at 908 Carey Ave., and will replace existing aging equipment with new, ADA-compliant equipment, including new safety surfacing, improved access with concrete pathways and enhancements to the overall playground area. The project benefits a low- to moderate-income area in Cheyenne. If given final approval by City Council, the playground is expected to be completed by mid-2025. The proposed project will be undertaken by the city’s Community Recreation & Events Department, and aligns with the U.S. Department of Housing and Urban Development's national objectives and the city's 2020-24 Consolidated Plan goal to improve public facilities. As part of the reallocation of funds, a public comment period is required, and residents may provide feedback on the proposal. The city of Cheyenne invites public input on the proposed amendment during a 30-day comment period from Nov. 22 to Dec. 23. Residents are encouraged to review the amended plan and provide feedback. The amended plan is available online at cheyennecity.org/cdbg and in person at the Housing & Community Development Division, Mayor's Office, City Clerk's Office (2101 O'Neil Ave.) and Laramie County Library (2200 Pioneer Ave.) Comments will be accepted via email until 5 p.m. Dec. 23. Direct all comments and questions to Amy Gorbey, community development manager, via email at agorbey@cheyennecity.org . Get any of our free email newsletters — news headlines, sports, arts & entertainment, state legislature, CFD news, and more.Elon Musk arrives with his son on his shoulders at the U.S. Capitol. ( (Photo by Anna ... [+] Moneymaker/Getty Images) Last weekend billionaire tech entrepreneur Elon Musk endorsed the Kids Online Safety Act , while X CEO Linda Yaccarino also posted on the platform "Protecting kids should always be priority #1." This has been the strongest endorsement from within the tech community to date. The bill, co-authored by Senators Marsha Blackburn (R., Tenn.) and Richard Blumenthal (D., Conn.), had passed the Senate earlier this year—only to face opposition in the House over concerns it could censor online speech. There are just weeks remaining in the current session. Major Endorsement Musk's endorsement, notably following the election, could be enough to move the needle on KOSA. Its passage would be a good first step suggested Kristin Bride, whose 16-year-old son took his own life in 2020 after being bullied on Snapchat. Bride has warned there are currently no protections for children on social media right now, and said more still needs to be done. "Every day that we debate this issue in Congress, more children are put at risk of serious online harms," said Bride. "This is why we need House leadership to pass the Kids Online Safety Act before the end of the year. There has been no legislation enacted to protect kids online since 1998." FBI Warns iPhone, Android Users—Change WhatsApp, Facebook Messenger, Signal Apps What We Know About Luigi Mangione: Alleged UnitedHealthcare Shooter’s Gun Matches Shell Casings From Scene, NYPD Says Facebook And Instagram Outage: Meta Says It’s ‘99% Of The Way’ To Being Fixed Bride, who has testified in hearings and spoken to numerous lawmakers on this series issue, has warned that the "most vigilant parent is no match for the technology used to design these platforms and their algorithms." Musk's Voice Could Carry Weight This last-minute push from Musk and Yaccarino could be enough to see KOSA passed into law before the end of the year, even as it still faces pushback from within the tech community. "This move by Musk diverges from the stance of other social media platforms," explained social media analyst Susan Schreiner of C4 Trends. How to protect children online while ensuring privacy protections has resulted in a serious impasse. Getting other social media companies to support KOSA would boost the bill's chances. "Setting the expectation for kids' safety online is decidedly more than a leadership challenge that requires much from the founders of these social media companies," Sachin Puri, chief growth officer at web hosting platform Liquid Web. "Their platforms have introduced extraordinary innovation to the digital world. Sometimes, though, the focus on growth and user experience has seemed to come at the expense of safety." Puri further warned that solutions will only be found when technology companies, regulators, educators, and cybersecurity experts come together to set clear, enforceable standards. In addition, many of the current technologies, including real-time AI moderation and child-specific safety, are not being leveraged widely for reasons relating to cost or user experience. Finding a balance has so far proved elusive, but KOSA could allow a foundation upon which to build upon. "More importantly, it should provide meaningful progress in getting the platforms to strike a much healthier balance between innovation and responsibility, investment in parental controls, and digital literacy programs supporting families and educators," said Puri. Expect More Pushback Even with Musk onboard, opposition to KOSA remains. Some of it has been more direct than others. "In mid-November, the Tech Oversight Project blasted Google and Meta for engaging in a multi-million-dollar campaign to kill reasonable and bipartisan protections for minors online," Schreiner added. "This campaign often failed to disclose financial ties aimed to undermine KOSA." Critics have suggested the goal was to weaken crucial provisions designed to protect minors. In addition, privacy advocates have also voiced concerns over the wording of the bill. "Even with the newest revisions, the legislation still faces criticism from some groups in LGBTQ+, civil rights, and digital privacy circles," said C4 Trends' Schreiner. "U.S. House Speaker Mike Johnson (R-La.), who controls the scheduling of votes, said he has seen some "great work" on KOSA but wants to address 'whether it might lead to further censorship by the government of valid conservative voices, for example.'" Johnson has indicated a GOP-led Congress would keep working on online protections for minors next year and said earlier this week "You got to get this one right," but for parents like Bride that isn't soon enough. The Wrong Voice For Change Those who agree that more needs to be done to protect today's youth argue that Musk—a controversial free-speech absolutist—might not be the best spokesperson to call for change. X has seen a rise in hate speech since Musk took control of the platform, so much so that many major brands made an exodus last year. Now Musk is attempting to brand himself the savior of America's youth, and some aren't buying his motives. "With suicide and abuse rates up, not nearly enough is being done online to protect kids, and using a billionaire who makes money from exploiting kids, even though it is indirect, places them in conflict," said technology industry analyst Rob Enderle of the Enderle Group. "It would be better to have child safety driven by an unconflicted adult that understands both the industry and the problem so that workable solutions can be created," Enderle added. "When you have a conflict, you are more likely to cover up a problem than you are to address or mitigate it. By using compromised people like Musk and Zuckerberg, you might reduce the visibility of the problem but you not only are unlikely to fix it, you might even make it worse by enabling the service owners to cover it up." Individuals like Bride can offer the best understanding of how the platforms have failed to protect today's youth. "We should listen to survivor parents who have lived the horror of losing a child to online harms," Bride continued. "I know that KOSA would have protected Carson and so many other kids. I welcome anyone who genuinely wants to contribute to protecting kids online, and Big Tech leaders have a key role to play in ensuring we do that. With Elon Musk now endorsing KOSA, we can rest assured that its passing will in no way impede on anyone's First Amendment rights. KOSA is solely about making online spaces safer for kids."

Vancouver, British Columbia and Rehovot, Israel–(Newsfile Corp. – November 25, 2024) – BioHarvest Sciences Inc. (NASDAQ: BHST) (CSE: BHSC) (FSE: 8MV0) (“BioHarvest” or the “Company”), a company pioneering its patented Botanical Synthesis technology platform, today reported its financial and operational results for the third quarter ended September 30, 2024. Third Quarter & Subsequent 2024 Operational Highlights All figures stated in this news release are in U.S. dollars unless stated otherwise. Management Commentary Ilan Sobel, Chief Executive Officer of BioHarvest, said: “The third quarter of 2024 delivered continued progress in our Products and CDMO business segments – highlighted by continued outperformance on the topline as we doubled down on growth, with third quarter revenue of $6.5 million driven by continued momentum in our VINIA® subscription business and a strong response to our incremental coffee product line, resulting in over a 100% increase in Products revenue. We continued to make steady progress with our Contract Development and Manufacturing Organization (CDMO) Services Business Unit as well, with a highly focused pipeline of impactful prospective customers, some of which we expect to announce in the near-term. “In our Products division, revenue was driven by our core nutraceutical capsule business and additional ‘VINIA® Inside’ products. VINIA® Superfood Coffee, which is part of the Hot Beverage line-up, received a strong response from our customers, contributing to revenue growth and aging down our customer base. We continued to focus on our innovation pipeline of “VINIA® Inside” products in the quarter as well and are incredibly excited to have announced the launch of our functional VINIA® SuperFood teas just earlier today. “Ongoing margin optimization initiatives – such as the recent digitization of manufacturing – continue to increase efficiencies across the organization, with gross margins increasing 1,200 basis points to 57% in the third quarter of 2024, as compared to 45% in the same year-ago quarter. While geopolitical events impacted margins due to increased air freight costs and the delayed implementation of certain cost-saving measures, we believe we are well positioned to see notable margin improvements throughout the first half of 2025. We remain laser focused on further enhancing manufacturing margins as we scale, leaning in on growth, and on driving further marketing efficiencies in our end-to-end e-commerce value chain. “During the third quarter we continued to advance our CDMO division with two established customers and a strong pipeline of potentially near-term prospects. We are scaling rapidly to meet current and anticipated demand, making investments in R&D infrastructure and talent to underscore our commitment to executing for our current and future customers. Each deal we announce reflects our thoughtful and measured approach to only allocating our research bandwidth to impactful CDMO customers with the highest probability to deploy world-changing molecules. This is particularly important as the bulk of our monetization potential comes on the backend in the form of royalties on future commercial sales of any molecule we may develop, which could provide a recurring revenue base over the long term. “Looking ahead, we expect continued strong growth and margin improvement in our Products division on rising VINIA® sales and a growing portfolio of incremental products such as coffees and teas. In our CDMO division, we are making steady progress on our contracted research projects while concurrently building out our future B2B sales pipeline. With our listing to the Nasdaq Global Market now complete, we believe we are well positioned to unleash the power of a ‘VINIA® Inside’ strategy that we believe will help drive sustainable, long-term value creation for our shareholder partners,” concluded Sobel. Third Quarter 2024 Financial Results All figures stated in this news release are in U.S. dollars unless stated otherwise. Total revenues for the third quarter of 2024 increased 101% to $6.5 million – which exceeded management’s prior revenue guidance – as compared to $3.2 million in the third quarter of 2023. The increase was largely attributable to over 128% growth in total VINIA® subscribers year-over-year. Gross profit increased 157% to $3.7 million, or 57% of total revenues, in the third quarter of 2024, as compared to $1.4 million, or 45% of total revenues, in the same year-ago quarter. The increase in gross margin was primarily attributable to the benefits of increased manufacturing scale, improved manufacturing yields, and cost reductions in downstream packaging and delivery costs. Total operating expenses for the third quarter totaled $5.8 million in the third quarter, an increase of 67% as compared to the same year-ago quarter. The increase in operating expenses was primarily due to increased marketing spend, expenses related to new product launches, and higher expenses from the CDMO services division. Net loss for the third quarter of 2024 totaled $2.7 million, or $0.16 per basic and diluted share, as compared to a net loss of $1.7 million, or $0.13 per basic and diluted share, in the same year-ago quarter. Adjusted EBITDA loss – a non-IFRS measure – totaled $2.1 million, as compared to an adjusted EBITDA loss of $1.7 million in the same year-ago quarter. Cash and cash equivalents as of September 30, 2024, totaled $2.8 million, as compared to $5.4 million as of December 31, 2023. Earnings Conference Call BioHarvest Sciences will host an investor conference call and webcast at 4:30 p.m. Eastern time today to discuss the Company’s third quarter 2024 financial results, provide a corporate update, and conclude with a question-and-answer session from telephone participants. To participate, please use the following information: Third Quarter FY2024 Results Conference Call Date: Monday, November 25, 2024 Time: 4:30 p.m. Eastern time U.S./Canada Dial-in: 1-844-825-9789 International Dial-in: 1-412-317-5180 Conference ID: 10194495 Webcast: BHST Q3 FY2024 Earnings Conference Call Please dial in at least 10 minutes before the start of the call to ensure timely participation. A telephone playback of the call will be available through Monday, December 9, 2024. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 10194495. A webcast replay will also be available by clicking here: BHST Q3 FY2024 Earnings Conference Call. About BioHarvest Sciences Inc. BioHarvest Sciences Inc. (NASDAQ: BHST) (CSE: BHSC) (FSE: 8MV0) is a leader in Botanical Synthesis, leveraging its patented technology platform to grow plant-based molecules, without the need to grow the underlying plant. BioHarvest is leveraging its botanical synthesis technology to develop the next generation of science-based and clinically proven therapeutic solutions within two major business verticals; as a contract development and production organization (CDMO) on behalf of customers seeking complex molecules, and as a creator of proprietary nutraceutical health and wellness products, which includes dietary supplements. To learn more, please visit www.bioharvest.com . Use of Non-IFRS Financial Measures This press release includes the following non-IFRS measure – Adjusted EBITDA, which is not a measure of financial performance under IFRS and should not be considered as an alternative to net income as a measure of financial performance. Adjusted EBITDA represents net income (loss) before interest, taxes, depreciation and amortization adjusted for stock-based compensation and fair value adjustment of convertible loan. The company believes this non-IFRS measure, when considered together with the corresponding IFRS measures, provides useful information to investors and management regarding financial and business trends relating to the company’s results of operations. However, this non-IFRS measure has significant limitations in that it does not reflect all the costs and other items associated with the operation of the company’s business as determined in accordance with IFRS. In addition, the company’s non-IFRS measures may be calculated differently and are therefore not comparable to similar measures by other companies. Therefore, investors should consider non-IFRS measures in addition to, and not as a substitute for, or superior to, measures of financial performance in accordance with IFRS. A reconciliation of Adjusted EBITDA to net income, its corresponding IFRS measure, is shown below. IFRS NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION (Unaudited) (U.S dollars in thousands) Forward-Looking Statements Information set forth in this news release might include forward-looking statements that are based on management’s current estimates, beliefs, intentions, and expectations, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Launching new products is subject to risks and uncertainties including the risk that the market will not accept the product or that government approvals required for sale or import of the products will not be obtained. There is never an assurance that any product set will successfully disrupt established product categories. There is no assurance that the Company will maintain or improve current financial performance, as revenues and margins are dependent on a combination of factors such as supply chain efficiencies, input cost stability, marketing efficiencies and uncertain consumer preferences. Revenue projections are estimates and there is no assurance will occur when estimated as the timing is dependent on consumer acceptance and cost stability and other factors beyond company control. For the CDMO Services Business Unit, there is no assurance of additional future contracts, and readers are cautioned that increased revenue is not necessarily an increase in net income or profitability as costs will likely increase as well. All forward-looking statements are inherently uncertain and actual results may be affected by a number of material factors beyond our control. Readers should not place undue reliance on forward-looking statements. BHSC does not intend to update forward-looking statement disclosures other than through our regular management discussion and analysis disclosures. Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release. This release has been reviewed and approved by Dave Ryan, VP Investor Relations, who accepts responsibilities for its contents. BioHarvest Sciences Inc. Unaudited Interim Condensed Consolidated Statements of Financial Position U.S. dollars in thousands BioHarvest Sciences Inc. Unaudited Interim Condensed Consolidated Statements of Comprehensive Loss U.S. dollars in thousands, except per share data BioHarvest Sciences Inc. Unaudited Interim Condensed Consolidated Statements of Cash Flows U.S. dollars in thousands To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231314 #distroFalcons QB Cousins is looking to avoid interceptions, have bounce-back game in Minnesota homecoming

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By JOSH BOAK WASHINGTON (AP) — President-elect Donald Trump on Thursday voiced his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports, saying that any further “automation” of the ports would harm workers. Related Articles National Politics | Will Kamala Harris run for California governor in 2026? The question is already swirling National Politics | Senate begins final push to expand Social Security benefits for millions of people National Politics | Trump taps immigration hard-liner Kari Lake as head of Voice of America National Politics | Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing National Politics | Pressure on a veteran and senator shows what’s next for those who oppose Trump The incoming president posted on social media that he met Harold Daggett, the president of the International Longshoreman’s Association, and Dennis Daggett, the union’s executive vice president. “I’ve studied automation, and know just about everything there is to know about it,” Trump posted. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen. Foreign companies have made a fortune in the U.S. by giving them access to our markets. They shouldn’t be looking for every last penny knowing how many families are hurt.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to “supporting American consumers and giving American businesses access to the global marketplace – from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products.” “To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who won November’s election on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a $1.3 billion port in Peru that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. Instead, Trump said that ports and shipping companies should eschew “machinery, which is expensive, and which will constantly have to be replaced.” “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries,” Trump posted. “It is time to put AMERICA FIRST!”

With an estimated 14.2 trillion cubic metres (Tcm) of gas reserves in place plus 18 billion barrels of gas condensate, Iran’s 3,700-square kilometre (sq.km) South Pars gas field is one part of the world’s largest gas field. The other is Qatar’s 6,000-square km North Dome, with around 36.8 Tcm of gas reserves in place and about 32 billion barrels of gas condensate. Split into 24 Phases for development, with production targets ranging from 28 million cubic metres per day (mcm/d) to 57 mcm/d, it is the fortunes of Iran’s South Pars Phase 11 that have become emblematic of the Islamic Republic’s attempts to navigate around the sanctions imposed on it at various points since the 1979 Revolution. According to the chief executive officer of the Islamic Republic’s Pars Oil and Gas Company, Touraj Dehghani, gas production from Phase 11 is now rising, and its output will reach a capacity of 28 mcm/d in the next few weeks. Production increases are also expected by Iran’s Petroleum Ministry in other Phases of the South Pars field, a senior energy sector source who works closely with the Ministry exclusively told OilPrice.com last week. According to the source, two key factors conspire in this optimism in Iranian quarters. The first is Qatar’s more constructive approach to gas extraction across the entire reservoir’s maritime border area in the Persian Gulf. “In early 2017 before Qatar lifted the moratorium on production from the North Dome [in place since 2005], the two sides [Iran and Qatar] has discussed the optimal ways of proceeding with developing the joint reservoir, in light of claims that Iran had been excavating gas in a way that might damage the longevity of both fields [South Pars and North Dome],” said the Iran source. “It was agreed that they would more closely coordinate activities once Qatar lifted its production moratorium [in April 2005], but even from then Qatar has claimed that Iran has continued to use damaging production practices, and with some justification,” he added. “A big part of the problem was that when sanctions were reinforced again in 2018 [after the U.S. unilaterally withdrew from the Joint Comprehensive Plan of Action, JCPOA or ‘nuclear deal’] the local firms did not have the skill, experience, technology, or machinery to take up where the foreign firms had left off, and they were also under pressure to drill more to monetise the gas,” he told OilPrice.com last week. “This meant they often rushed the excavations without much thought to maintaining the structural integrity of the wells, and this has significantly affected future output from several of them,” he continued. That said, senior oil and gas industry figures from both sides met again last month to reinstitute better excavation practices on both sides. This followed recent assessments from Iran’s own National Development Fund that its gas production will fall by at least 25 percent within the next 10 years due to falling pressure in the fields, with South Pars seeing a 30 percent decline. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} Related: OPEC Cuts Oil Demand Projections A 5th Straight Month These developments tie into the second factor for Iran’s renewed optimism over Phase 11 of South Pars and for the huge field as a whole. In March, the Petroleum Ministry finalised a US$20 billion programme to build 28 massive platforms to boost pressure on the South Pars site, initially being spearheaded by several local firms. However, following the recent meeting with Qatari officials, some technical support is anticipated to come from the Emirate, which in turn has encouraged further help from Chinese and Russian firms still working across the South Pars development. Originally, Beijing had been a keen participant in the newly-reopened commercial possibilities available in Iran after Implementation Day of the Joint Comprehensive Plan of Action (JCPOA, or colloquially ‘the nuclear deal’) on 16 January 2016, especially in its huge oil and gas sector. However, at that point the bulk of the best contracts went to Western firms, with France’s then-Total being the 50.1 percent stake holder in Phase 11, with the China National Petroleum Corporation (CNPC) having a 30 percent stake, and the remaining 19.9 percent being held by Iran’s Petropars. Despite having invested around US$1 billion and moved the Phase 11 project on significantly from essentially a standing start, Total was pressured to exit the project after the U.S. withdrew from the JCPOA in May 2018. CNPC at that stage added Total’s stake in Phase 11 to its own, under the terms of the contract, but was itself forced to pull out as tension between the U.S. and China escalated in the Trade War under then-President Donald Trump. From that point, Beijing’s involvement in several major Iranian oil and gas projects has focused on multiple ‘contract-only’ projects, such as drilling-only, field maintenance-only, parts replacement-only, storage-only, technology-only, and so on, as analysed in depth in my latest book on the new global oil market order . As it stood just after CNPC’s official withdrawal from Phase 11 in October 2019, according to comments at the time from Reza Dehghan, the National Iranian Oil Company’s deputy chief executive officer for engineering, 40 such ‘contract-only’ work projects had been defined for the implementation of Phase 11’s drilling operations. Phase 11’s original target production capacity was 57 mcm/d and this is still seen as the ultimate output goal to many in the Petroleum Ministry, according to the Iran source. Output from the site is also still intended to be one of several key supply sources for the roll-out of an eventually world-scale liquefied natural gas (LNG) business for Iran. Given that LNG has become the world’s swing energy supply since Russia’s invasion of Ukraine on 24 February 2022, these plans are still in play. At the end of January, the Petroleum Ministry stated that it intends to begin 1.5 million metric tonnes per year (mtpy) of LNG production at a medium-sized plant at Asaluyeh in 2026. However, it is to be built on the site of the original much-larger ‘Iran LNG Project’ around Tombak Port, around 30 miles north of Asaluyeh itself. This will ultimately draw on gas from South Pars and from North Pars, which has a conservatively estimated recoverable volume of gas of approximately 47 trillion cubic feet. Again, an early entrant to the original Iran LNG Project was the China National Offshore Oil Corporation (CNOOC), which signed a memorandum of understanding (MoU) in September 2006 with the National Iranian Oil Corporation (NIOC) to develop the North Pars gas field with a view to building out an LNG capability there. This deal was extended in December 2006 to incorporate the development of a four-train (LNG liquefaction and purification facility) complex with a 20 mtpy capacity, before slow progress on CNOOC’s part prompted the NIOC to suspend the deal. At that point, just before the U.S. and European Union (E.U.) ramped up sanctions against Iran in 2011/12, German chemicals giant Linde Group took over the main development of the Iran LNG Project. Within a relatively short time, Linde Group had 60 percent-completed the US$3.3 billion flagship LNG export facility that was set to produce at least 10.5 mtpy of LNG, with expectations that it would take less than a year to finish. Again, though, due to further later sanctions, progress on the Project stalled again. With U.S. sanctions firmly back in place in 2018, Russia’s Gazprom signed two MoUs with the NIOC concerning the rollout of a two-fold joint strategy regarding Iran’s gas, as also analysed in depth in my latest book on the new global oil market order . The first part was a gas cooperation roadmap between the two companies, and the second part detailed the construction of Iranian LNG facilities in partnership with Iran’s Oil Industry Pension Fund. Initially, this would allow Gazprom to, in effect, take over from Linde on the existing 60 percent-complete LNG complex and later to be integral in the construction of the mini-LNG complexes. Iran and Russia reasoned that mini-LNG complexes – with production capacities ranging from 2,000 to 500,000 tons of LNG per year, compared to a typical large scale plant capacity of between 2.5 and 7.5 million tons per year – would be less vulnerable to U.S. or Israeli attacks. Gazprom would take payment for its work from the sale of gas both from this complex and from part of the output from fields feeding gas into it. As it stands, according to the Iran source, the North Pars field development will be the focus of LNG development efforts at this point, with investment at Phase 11 from China and Russia focused on stabilising the 28 mcm/d production level and then gradually increasing it to the original target of 57 mcm/d. If successful, the method of cooperation between Iran, China, Russia, and Qatar will be used on other Phases of the South Pars site, the Iran source concluded. if(window.innerWidth ADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_btf", slotId: "oilprice_medrec_btf" });`;document.write(write_html);} By Simon Watkins for Oilprice.com More Top Reads From Oilprice.comAeroVironment Inc AVAV reported second-quarter financial results for fiscal 2025 Wednesday after the bell. Here’s a look at the key metrics from the quarter . Q2 Earnings: AeroVironment reported second-quarter revenue of $188.5 million, up from $180.8 million year-over-year, according to Benzinga Pro . The company reported adjusted earnings of 47 cents per share, down from adjusted earnings of 97 cents per share year-over-year. Total revenue was up 4% year-over-year, reflecting higher product sales and service revenue. Income from operations was $7 million in the quarter, down from $25.2 million in the prior year’s quarter. The company said it had a funded backlog of $467.1 million as of Oct. 26, up from $400.2 million as of April 30. "AeroVironment continues to deliver strong results, including record second-quarter revenue along with a healthy funded backlog that is 25% higher than the prior quarter. Key wins from our Loitering Munition Systems segment continue to drive growth for the company,” said Wahid Nawabi , chairman, president and CEO of AeroVironment. Don’t Miss: Tech Stocks Extend Record Highs On AI Optimism, Marvell Rockets, Bitcoin Hovers Near $95,000: What’s Driving Markets Wednesday? Looking Ahead: AeroVironment continues to expect full-year 2025 revenue of $790 million to $820 million and full-year adjusted earnings of $3.18 to $3.49 per share. "We expect our proposed acquisition of BlueHalo to further advance our growth opportunities with a highly complementary portfolio of products, customers and capabilities in key defense space and intelligence sectors and establish AeroVironment as the next generation defense technology company for our customers. We look forward to continued momentum beyond fiscal year 2025,” Nawabi said. Management is currently discussing the quarter on a call with analysts and investors that started at 4:30 p.m. ET. AVAV Price Action: AeroVironment shares were down 7.98% in after-hours, trading at $181.18 at the time of publication Wednesday, according to Benzinga Pro . Photo: Courtesy of AeroVironment. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

5 top tech gifts for the holidaysLabour MP for Cardiff West, Alex Barros-Curtis, said warnings should have been “amber or red”, as Mr Reed told MPs that more flooding is “likely”. Hundreds of homes were left under water, roads were turned into rivers and winds of more than 80mph were recorded across parts of the UK. More than 130 flood warnings and 160 alerts remained in place across the UK on Monday. In the Commons on Monday, Mr Barros-Curtis asked: “Can I ask that the Secretary of State speak to his Department for Science, Innovation and Technology (DSIT) colleagues to carefully look into the role of the Met Office here? “It is clear that their response was slow and that there was a clear underestimation of the impact of Storm Bert. “They put it yellow rather than amber or red. Our constituents have been let down by this incompetence before, and it cannot keep happening.” Mr Reed said: “In most parts of the countries that were affected, warnings were given with adequate time for people to prepare and I would encourage people to sign up on the Defra website, or the Environment Agency website for warnings and alerts if they live in an area that could be affected by flooding. “I’m aware of the particular concern that he mentions regarding the Met Office, and I will indeed be speaking to colleagues in DSIT as they review the circumstances of that and look at how the situation can be improved for future events of this kind.” During his update to the House, the Environment Secretary said that more flooding this week is “likely” but its impact “should be less severe” than has been seen. He said: “Around 28,000 properties are being protected by Environment Agency flood defences. “Unfortunately, an estimated 107 properties have flooded across England, principally from river and surface water flooding.” He added: “The Environment Agency and local responders have also been busy protecting properties elsewhere in England, including flooding from the River Teme in Tenbury Wells where around 40 properties have flooded. “The river has now peaked and local responders will be focusing on the lower reaches of rivers over the next few days.” He further stated: “Further flooding is sadly likely over the next few days as water levels rise in slower flowing rivers such as the Severn and the Ouse. “The Environment Agency anticipates that any impacts should be less severe than we have seen in recent days.” Mr Reed also described the flood defences they inherited from the previous government as being “in the worst condition on record following years of underinvestment”. He added: “Over 3,000 of our key flood defences are below an acceptable standard. “That is why we are investing £2.4 billion over the next two years to build and maintain flood defences.” Elsewhere in the session, Labour MP for Coventry South, Zarah Sultana, was among the MPs to call for a legal duty on fire services to respond to flooding. She said: “I want to express my solidarity and thanks to all of our emergency services, including firefighters on the front line. “Extreme weather events are on the rise and becoming ever more frequent due to climate change, highlighting the urgent need for proper funding and resources. “England is the only part of the UK without a statutory duty for flooding, leaving fire services underfunded and under-resourced to respond effectively. This must change, as the FBU (Fire Brigades Union) has long called for.” “When will the Government finally provide a statutory duty for Fire and Rescue authorities to respond to flooding incidents in England?” Mr Reed replied: “The fire and rescue authorities have the powers to intervene, but she’s quite right to point out there’s not a duty, and officials in my department, working with the Home Office, will review that to see that that remains appropriate.” Conservative MP for Mid Buckinghamshire Greg Smith said some communities in his constituency are flooding “for the first time in decades” as he accused the Government of wanting to “concrete over the countryside”. He said: “That is a result of some of the big infrastructure we are seeing being built, particularly HS2 where they will concrete over a field completely, it seems, unaware that that will have a knock-on effect to farmland next door. “So will the Secretary of State commit to working with the Transport Secretary (Louise Haigh) and I also suggest the Deputy Prime Minister (Angela Rayner) given their plans to concrete over the countryside to ensure that where construction takes place proper, and I really mean proper, flood mitigation measures are put into place.” Mr Reed replied: “This needs to operate across Government, and we will have those conversations and ensure that measures are put in place to support communities as much as is possible from the more severe weather events that we’re seeing as a result of climate change.”

Olivia Lloyd | (TNS) The Charlotte Observer CHARLOTTE, N.C.— A pet food company based in North Carolina is recalling puppy mix sold in seven states after a batch tested positive for salmonella, the U.S. Food and Drug Administration said. The contamination came to light when a litter of puppies got sick after consuming Blue Ridge Beef’s Puppy Mix, and the customer reported it to the Virginia Department of Agriculture and Consumer Services, according to the FDA. The FDA said it notified the company that the food tested positive for salmonella on Nov. 27, and Blue Ridge Beef issued a voluntary recall on its 2-pound plastic-wrapped logs sold in North Carolina, Pennsylvania, Maryland, Virginia, Connecticut, Massachusetts and New York. The recall affects puppy mix sold from Aug. 6 to Aug. 23 with logs labeled with lot numbers 08/06/N25 and 08/16/N25, with UPC 854298001696. It’s not the company’s only recall in the past year. In January, Blue Ridge Beef expanded a December 2023 recall of its puppy mix, as well as some of its kitten food, due to possible salmonella and listeria contamination, FDA records show. “Pets with Salmonella infections may be lethargic and have diarrhea or bloody diarrhea, fever and vomiting,” according to the FDA. “Some pets will have only decreased appetite, fever, and abdominal pain. Infected but otherwise healthy pets can be carriers and infect other animals or humans.” Related Articles National News | White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign National News | Powell: Fed’s independence from politics is vital to its interest rate decisions National News | United Healthcare CEO kept a low public profile. Then he was shot to death in New York National News | US senators grill officials from 5 airlines over fees for seats and checked bags National News | Supreme Court seems likely to uphold Tennessee’s ban on medical treatments for transgender minors Pet owners who notice these symptoms should notify their veterinarian. Humans are also at risk of contracting the food-borne illness if they don’t wash their hands or sanitize surfaces the product has touched. The FDA said customers who believe they purchased the recalled mix should return the product to the place they bought it or destroy the food in a way that ensures no humans or animals will be contaminated. The company declined to comment on the recall to McClatchy News on Dec. 3. Blue Ridge Beef is located in Statesville in Iredell County, about a 40-mile drive north from Charlotte. ©2024 The Charlotte Observer. Visit charlotteobserver.com. Distributed by Tribune Content Agency, LLC.

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Trump offers support for dockworkers union by saying ports shouldn’t install more automated systemsTrump offers support for dockworkers union by saying ports shouldn’t install more automated systems

Donald Trump’s attorneys have asked the judge who presided over his criminal hush money case to dismiss the indictment and vacate the jury’s guilty verdicts — arguing their client is a victim of the same “raw politics” President Biden cited in pardoning his son , Hunter, according to filings made public Tuesday. “President Biden argued that ‘raw politics has infected this process and it led to a miscarriage of justice,'” Trump lawyers Todd Blanche and Emil Bove wrote in the lengthy and politically charged filing, referring to Biden’s weekend statement announcing a 10-year pardon for his son. “Since [Manhattan] DA Bragg took office, he has engaged in ‘precisely the type of political theater’ that President Biden condemned.” Later arguing that the case threatens “the functioning of the federal government,” Bove and Blanche, who Trump has tapped for top roles at the Department of Justice , contended that Manhattan Supreme Court Justice Juan Merchan was required to throw it out based on the Presidential Immunity doctrine, the Presidential Transition Act, and the Supremacy Clause, arguing not doing so would impact Trump’s ability to govern. His election victory means the case must be tossed for the good of the country and that “potential incarceration, stigma, and diversions of attention” necessitate “categorical immunity,” Blanche and Bove wrote. “As President Biden put it yesterday, ‘Enough is enough,'” Blanche and Bove said. “This case, which should never have been brought, must now be dismissed.” The DA’s office, which declined to comment, is due to respond by Dec. 9. Prosecutors have said they plan to fight Trump’s efforts to get the case thrown out but have conceded the judge may need to postpone sentencing until Trump is out of office. Trump’s lawyers pushed back on the suggestion, writing that prosecutors’ “ridiculous suggestion that they could simply resume proceedings after President Trump leaves office, more than a decade after they commenced their investigation in 2018, is not an option.” A jury of 12 Manhattan residents found Trump, 78, guilty of 34 counts of falsification of business records on May 30 , stemming from his reimbursement to his ex-fixer Michael Cohen for paying off porn star Stormy Daniels on the eve of the 2016 election. The verdicts marked him as the first U.S. president to be found guilty of committing a crime. The jury found Cohen’s $130,000 payment to Daniels bought her silence about an alleged sexual encounter with Trump at a 2006 golf tournament. They determined the payoff was one in a scheme carried out before the election intended to bury unflattering information about Trump’s past that could negatively impact his standing with voters. It also encompassed payoffs to former Playboy model Karen McDougal, who alleges she had an affair with Trump, and a doorman at Trump Tower who claimed Trump had fathered a child with a maid out of wedlock. Last month, Merchan adjourned Trump’s sentencing indefinitely and drew up a new schedule to consider arguments about how to proceed in light of his election win. The historic case was the only one of four brought against Trump after his first term that made it before a jury. The Department of Justice last week sought to drop the two federal cases he faced, alleging he plotted to subvert democracy after President Biden’s election victory in 2020 and hoarded sensitive classified documents after leaving office, which Blanche and Bove noted in Tuesday’s filing. Trump is fighting to get the Georgia state case against him thrown out, where a potential conviction could not be pardoned on the federal level. That case has been tied up significantly with appeals, and legal experts say it’s unlikely to see a revival before Trump takes office.