Trump’s tariffs in his first term did little to alter the economy, but this time could be differentNEW YORK , Nov. 27, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global battery recycling market size is estimated to grow by USD 11.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.53% during the forecast period. Widening lithium supply-demand gap is driving market growth, with a trend towards rising stewardship collaboration for battery recycling. However, lead contamination in environment poses a challenge.Key market players include Accurec Recycling GmbH, Aqua Metals Inc., Battery Solutions LLC, Call2Recycle Inc., Contemporary Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., Ecobat LLC, EnerSys, ENGITEC TECHNOLOGIES SPA, Exide Industries Ltd., Fortum Oyj, GEM Co. Ltd., Gopher Resource LLC, Gravita India Ltd., Li Cycle Holdings Corp., Onto Technology LLC, Raw Materials Co. Inc., SungEel Hi-Tech Co. Ltd., Terrapure Environmental, and Umicore SA. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Source (Automotive, Electronic appliance, and Others), Battery Type (Lead-acid, Lithium, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa) Region Covered APAC, Europe, North America, South America, and Middle East and Africa Key companies profiled Accurec Recycling GmbH, Aqua Metals Inc., Battery Solutions LLC, Call2Recycle Inc., Contemporary Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., Ecobat LLC, EnerSys, ENGITEC TECHNOLOGIES SPA, Exide Industries Ltd., Fortum Oyj, GEM Co. Ltd., Gopher Resource LLC, Gravita India Ltd., Li Cycle Holdings Corp., Onto Technology LLC, Raw Materials Co. Inc., SungEel Hi-Tech Co. Ltd., Terrapure Environmental, and Umicore SA Key Market Trends Fueling Growth The battery recycling market is experiencing significant growth due to increasing trends in electric vehicles and renewable energy sectors. EPA guidelines are driving the need for safe and efficient battery recycling, particularly for lithium-ion batteries used in electric cars and PHEVs. Battery technologies, including lithium-ion, acid, sodium-sulfur, and hydride batteries, require innovative solutions to address energy density, charging capabilities, and maintenance requirements. Spent batteries contain hazardous materials like acids, heavy metals such as nickel, cobalt, lithium, and toxic substances like mercury and lead. Proper recycling prevents chemical leakage and toxic substance release, reducing environmental impact. Regulations are essential to ensure safe battery disposal and recycling. Renewable energy industries, such as solar and wind power, rely on battery storage systems like UPS systems, which also need recycling. Technological innovations in extrusion, nickel metal hydride, and lithium-iron phosphate batteries are crucial to improving yield and reducing logistics costs. Key players in the market include Element Resources, Umicore, and Redwood Materials. The automotive industry, particularly the demand for automobile batteries and lead-acid batteries, also contributes to the market growth. Industries must address the challenges of urbanization and electronic gadgets' battery waste disposal to minimize costs and ensure a sustainable supply chain. The depletion of metal reserves and environmental concerns necessitate the recycling of batteries, with both primary and secondary batteries requiring attention. This responsibility should not solely rest with governments; instead, all stakeholders, including battery manufacturers, businesses, public agencies, and consumers, must collaborate. One such trend gaining traction is stewardship collaboration. Through this approach, all parties work together on a level playing field for end-of-life battery management. Manufacturers are expected to provide consumers with convenient and accessible ways, known as Extended Producer Responsibility (EPR) programs, to return used batteries. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The battery recycling market faces several challenges in the context of evolving battery technologies and increasing demand for energy storage in various sectors. EPA guidelines require strict regulations for handling spent batteries containing hazardous materials like acids, heavy metals, mercury, lead, and toxic substances. The rise of electric vehicles and renewable energy sectors, particularly solar and wind power, increases the generation of spent batteries, especially lithium-ion, acid, and sodium-sulfur types. The scarcity of technologies and high costs for recycling these batteries pose a significant challenge. Nickel, cobalt, lithium, and other essential minerals are in high demand for battery production, making battery waste disposal a critical issue. Regulations and infrastructure development are essential to mitigate these challenges. Companies like Element Resources, Umicore, Redwood Materials, LOHUM Cleantech, BEEAH, ACE Green Recycling, and Criba are leading the way in battery recycling, focusing on technological innovations and improving yield. However, logistics costs, emissions, and the complexity of battery chemistries, plastics, and extrusion processes remain obstacles. The energy storage market's growth depends on addressing these challenges and ensuring a sustainable supply chain. The lead-acid battery chemistry is currently the most profitable in the battery recycling market. However, the toxic nature of lead poses environmental concerns. Improper disposal of lead-acid batteries can lead to significant pollution of soil and water. A single battery incorrectly disposed of in a municipal solid waste (MSW) collection system can contaminate up to 25 tons of waste. Therefore, it's crucial to collect and recycle these batteries in an eco-friendly manner as soon as they become inoperative. Ensuring proper disposal and recycling not only reduces environmental harm but also maximizes the potential revenue from these batteries. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This battery recycling market report extensively covers market segmentation by Source 1.1 Automotive 1.2 Electronic appliance 1.3 Others Battery Type 2.1 Lead-acid 2.2 Lithium 2.3 Others Geography 3.1 APAC 3.2 Europe 3.3 North America 3.4 South America 3.5 Middle East and Africa 1.1 Automotive- The automotive segment of the battery recycling market is driven by the increasing demand for automobiles, particularly in emerging economies. Lead-acid batteries, which are the primary type used in the automotive industry for starting, lighting, and ignition (SLI) in internal combustion engine (ICE) vehicles and start-stop applications in conventional and electric vehicles, are in high demand. The growing popularity of electric vehicles (EVs) and e-bikes, fueled by environmental concerns and government initiatives, is further boosting the market. In the automotive industry, batteries provide electric energy to vehicles, enabling the starting of motors, lighting, and ignition systems. Passenger vehicles typically use one battery, while heavy-duty vehicles require two batteries to complete a 24-volt system. The expanding automobile industry, driven by economic growth, industrialization, and rising consumer confidence, is expected to increase the demand for battery recycling during the forecast period. Additionally, the growing adoption of e-bikes in Asian countries and the increasing demand for EVs in Europe and other regions are expected to significantly contribute to the growth of the automotive battery recycling market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Battery Recycling Market is witnessing significant growth due to increasing environmental concerns and the need for sustainable energy solutions. EPA guidelines mandate proper disposal of spent batteries, which contain hazardous materials such as acids, heavy metals like nickel, manganese, mercury, and lead. These batteries, used in electric vehicles, UPS systems, and other applications, have high energy density and charging capabilities, but require minimal maintenance. Battery recycling is crucial to mitigate chemical leakage and toxic substance release. Li-ion batteries, a key technology, pose unique challenges due to their chemistry and plastics composition. Extraction processes like nickel metal hydride and manganese-nickel oxide hydroxide are commonly used. Redwood Materials and other companies are innovating to improve yield and reduce costs in the battery waste disposal supply chain. Technological innovations, such as advanced pyrometallurgical and hydrometallurgical processes, are also driving market growth. Market Research Overview The battery recycling market is experiencing significant growth due to the increasing demand for electric vehicles (EVs) and the expansion of renewable energy sectors such as solar and wind power. Battery technologies, including lithium-ion, acid, sodium-sulfur, and hydride batteries, are in high demand for energy storage solutions. However, spent batteries pose challenges due to hazardous materials like acids, heavy metals, mercury, lead, and toxic substances. EPA guidelines aim to mitigate environmental risks by regulating battery disposal. The federal government is investing in research and development to address the dearth of technologies for recycling essential minerals like nickel, cobalt, lithium, and manganese. Battery recycling is crucial for reducing logistics costs, emissions, and the demand for new batteries. Companies are exploring technological innovations to improve yield and minimize chemical leakage. Renewable energy industries, including solar, wind, UPS systems, and electric cars, are major consumers of batteries, driving the market forward. Battery recycling is essential for the circular economy, particularly in industries undergoing industrialization and urbanization, such as automotive and electronic gadgets. Companies like Redwood Materials, LOHUM Cleantech, Criba, BEEAH, ACE Green Recycling, and others are leading the way in battery recycling, extracting valuable materials from battery waste through processes like extrusion and nickel metal hydride technology. However, challenges remain, including the complexity of battery chemistries and the need for supply chain to ensure the efficient collection and processing of batteries. The costs of battery recycling must be competitive with primary production to make it a viable and sustainable solution. The future of battery recycling lies in technological innovations that can improve yield, reduce costs, and minimize environmental impact. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Source Automotive Electronic Appliance Others Battery Type Lead-acid Lithium Others Geography APAC Europe North America South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/battery-recycling-market-to-grow-by-usd-11-35-billion-from-2024-2028--driven-by-lithium-supply-demand-gap-report-on-ais-role-in-transforming-the-market---technavio-302316588.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
By JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.Mexico cracks down on drugs and migrants. Will it be enough to stop Trump tariffs?
By JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. Related Articles House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.
WASHINGTON (AP) — A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official said Friday. Biden administration officials said this month that at least eight telecommunications companies , as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, the deputy national security adviser for cyber and emerging technologies, told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China's hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of “a limited number of individuals." Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are among those whose whose communications were accessed. Neuberger said officials did not yet have a precise sense how many Americans overall were affected by Salt Typhoon, in part because the Chinese were careful about their techniques, but a “large number" were in the Washington-Virginia area. Officials believe the goal of the hackers was to identify who owned the phones and, if they were “government targets of interest,” spy on their texts and phone calls, she said. The FBI said most of the people targeted by the hackers are "primarily involved in government or political activity.” Neuberger said the episode highlighted the need for required cybersecurity practices in the telecommunications industry, something the Federal Communications Commission is to take up at a meeting next month. “We know that voluntary cyber security practices are inadequate to protect against China, Russia and Iran hacking of our critical infrastructure,” she said. The Chinese government has denied responsibility for the hacking.Nov. 27 (UPI) -- Social media star Nick DiGiovanni teamed up with Dunkin' to break the Guinness World Record for the largest iced latte. DiGiovanni, a chef and social media influencer with multiple Guinness World Records titles, filled an 11-foot tall Dunkin' cup with ice, milk and espresso to take on the record.Topline The fate of TikTok is in the hands of the Supreme Court, as the nation’s highest court prepares to weigh a federal law—set to take effect Jan. 19—banning the popular social media app unless its China-based parent company sells it, culminating years of debate over TikTok. Timeline Get Forbes Breaking News Text Alerts : We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. When Could The Tiktok Ban Take Effect? The ban against TikTok could become effective as early as Jan. 19 unless ByteDance commits to selling TikTok to another company or the Supreme Court decides to take up the app’s requested injunction. What U.s. Company Could End Up Buying Tiktok? A range of companies have shown interest or been rumored to consider a purchase of TikTok. Amazon has been identified as a potential buyer, with experts pointing to TikTok and Amazon’s deepening ties , such as the announcement of a partnership this year allowing users to browse and purchase products from Amazon on TikTok. Amazon also became the third-largest advertiser on TikTok this year in the U.S. Oracle and Walmart could potentially make a joint bid for TikTok, as the two companies joined forces to buy the app in 2020 before reportedly being stopped by the Biden administration over security concerns. Microsoft could return to the table for TikTok after also trying to buy the app in 2020, though Microsoft CEO Satya Nadella said he was “happy with what I have” after talks fell through. Video-sharing platform Rumble publicly offered to buy TikTok early this year and could reenter the conversation, having said it was previously “ready to join a consortium with other parties seeking to acquire and operate TikTok inside the U.S.” China, which has vowed to block the sale of TikTok’s algorithm, would have to approve a sale of TikTok to another company, though the country is unlikely to do so . Who Is Billionaire Tiktok Investor Jeff Yass? Yass, who has an estimated net worth of $49.6 billion , is a GOP megadonor and a major investor in TikTok. He reportedly met with Trump and became possibly the biggest influence behind Trump’s switch from attempting to ban the app to later opposing its removal .. The co-founder of global trading firm Susquehanna International Group, which owns about 15% of ByteDance , Yass owned a $33 billion stake in TikTok as of this March and has financially backed conservative lawmakers opposing the ban, such as Sen. Rand Paul, R-Ky., and Rep. Thomas Massie, R.-Ky., donating $24 million and $32,200 to each, respectively, according to The Wall Street Journal . Yass has reportedly threatened to stop donating to Congress members who support the ban against TikTok, which would threaten his multi-billion dollar investment in the app. The billionaire has donated millions of dollars to conservative PACs such as Club For Growth Action ($16 million), the Congressional Leadership Fund ($10 million) and the Protect Freedom PAC ($6 million). Could Donald Trump Reverse The Tiktok Ban? Potentially, though there are hurdles. Trump, who sought to ban TikTok in 2020, has since indicated he’s opposed to banning it and said he has a “warm spot in my heart for TikTok,” crediting it with helping his performance with young voters in the 2024 election. Experts have suggested the president-elect could declare TikTok as being compliant with the law, regardless of whether or not it was purchased by another company from ByteDance. However, doing so could result in lawsuits challenging Trump’s declaration. Trump could also attempt to get TikTok to completely divest from ByteDance through a deal, with James Lewis, director of the Strategic Technologies Program at the Center for Strategic and International Studies, telling NPR that China could be more open to approving a TikTok sale if Trump eased off his vows to impose high tariffs on Chinese imports. Former Justice Department official Alan Rozenshtein wrote in a Lawfare op-ed that Trump could lobby Congress to repeal the ban, though in doing so he would have to overcome the law’s bipartisan support. Trump could ask the Supreme Court not to enforce the ban, which may be unrealistic, as Apple, Google and Oracle would have to ignore the law, leave TikTok up and risk financial penalties if Trump later reconsidered his position on TikTok. Lastly, Trump could allow TikTok to go down and bring the app back to app stores and the internet with a one-time, three-month extension that would potentially give time to help facilitate a sale of TikTok. What Happens To American Data If The App Is Shut Down? All of Americans’ TikTok user data could be moved to China in the event that the app is banned from the U.S. A precedent was set for such a move in 2020, when TikTok operations ended in India and left the app and ByteDance with access to millions of Indian users’ data years after the shutdown, according to Forbes . Big Number About 170 million . That is how many Americans used TikTok as of April, according to the app. Key Background At the heart of the federal government's issue with TikTok is national security and data privacy concerns linked to the app and its ties to China. U.S. officials have claimed the Chinese Communist Party could use the app to spy on Americans or influence public discourse. TikTok has shot down claims it is beholden to the Chinese government. The app’s CEO told Congress this year he “disagrees with the characterization" that the platform is spying on Americans and said TikTok is committed to protecting Americans’ data. After the law against TikTok was signed by Biden this year, the app said the requirement to sell itself is “illusory to the point of being no alternative at all.” Experts and reporting by Forbes have shown ByteDance and TikTok are significantly intertwined, as former National Security Agency general counsel Glenn Gerstell told Forbes this year: “There's no way to take the U.S. piece out of TikTok and sell it to someone.” ByteDance has tried to quell concerns about TikTok by noting 100% of U.S. traffic was routed to Oracle and U.S. Digital Service infrastructure in the U.S as of 2022. It has also claimed it is roughly 60% owned by institutional investors including the Carlyle Group, General Atlantic and Susquehanna International Group. However, Forbes’ reporting has revealed that ByteDance has used TikTok to spy on journalists and TikTok mishandled sensitive data, including financial information, Social Security numbers and personal contacts of creators , advertisers , celebrities and politicians . Further Reading Why A Powerful U.S. Court Thinks The TikTok Ban Doesn’t Violate The 1st Amendment (Forbes) The TikTok Law Gives You A Right To Your Data. Here’s How To Request It. (Forbes) If Trump Wants To ‘Save’ TikTok, He Might Need It To Get Banned First (Forbes) Congress Warns Apple And Google They Must Ban TikTok In January (Forbes) If TikTok Is Banned, Americans’ Data Could End Up Back In China (Forbes) TikTok Asks Supreme Court To Stop Federal Ban (Forbes) TikTok Spied On Forbes Journalists (Forbes) TikTok’s China Problem (Forbes)
COMMERCE, Texas (AP) — Scooter Williams Jr. had 19 points in East Texas A&M's 68-67 victory over Abilene Christian on Wednesday. Williams added six rebounds and three steals for the Lions (2-10). Khaliq Abdul-Mateen added 17 points while going 3 of 8 and 11 of 12 from the free-throw line while he also had five assists and three steals. The Lions snapped a seven-game slide. Quion Williams led the Wildcats (7-5) in scoring, finishing with 17 points and seven assists. Leonardo Bettiol added 16 points and seven rebounds for Abilene Christian. Hunter Jack Madden had 13 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .NoneA 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says
NoneThe I'm A Celebrity...Get Me Out of Here! campmates have been left terrified after an unwelcome visitor broke into their quarters. During the night, the stars of the 2024 series had an extra campmate in the form of a rat - who was attracted by some remnants of the camp's slap-up dinner. Suspecting it was the previous night's dinner of mud crab, which may have tempted the rat into camp, Richard updated his fellow campmates at breakfast. He said: “We had a visitor last night, a little four legged visitor with a tail, a rat.” Explaining they had left some of the stuff out, including a frying pan and some cups, he reminded the camp to put everything away properly before going to sleep. READ MORE - Conor McGregor and Dee Devlin: Net worth, huge house and why they'll never split READ MORE - Gladiator II star Paul Mescal reveals why he has to 'quit the internet' and social media Dean said in the Bush Telegraph: “It’s actually Jane and Tulisa’s job to make sure that the pots are in the trunk, so when the reverend was telling everyone to put the pots away otherwise we’ll get rats, what he really meant was, Jane and Tulisa, put the pots away.” Also, not enjoying his chore allocation was Melvin, who described the constant task of collecting water for camp to be “relentless”. Going back and forth to collect, carry and boil water, tensions began to arise as Melvin said of Dean: “It’s almost like another chore to ask him to help... it’s like telling a kid to tidy up his bedroom.” The unwelcome visitor scuttled around camp after Tulisa received the highest number of votes and was nominated to take on the day’s Bushtucker Trial titled ‘Shock Around The Clock.’ After she was nominated, Alan said of Tulisa: “After Fright Bus, I’m not surprised she got voted because those screams were loud, she was directly behind me and my ears are still ringing." Despite her fears, Tulisa vowed that she would do her best in the challenge to bring home the stars and some grub for her fellow campmates. The task at hand sees Tulisa strapped inside the second hand of a giant clock, rotating around the clock face, while playing for 12 stars. For every star, she's given a category and would have to answer 12 things that would fit into the category within just 60 seconds. With the clock ticking, and Tulisa’s knowledge put to the test, she's faced with having to list 12 things from a number of categories including, all 12 I’m A Celebrity... campmates, which trimmings made up the ideal Sunday roast and UK cities, all while rotating and being joined by an assortment of critters. I’m A Celebrity...Get Me Out Of Here! tonight at 9pm on ITV1, STV and ITVX Follow Mirror Celebs on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads. Join the Irish Mirror’s breaking news service on WhatsApp. Click this link to receive breaking news and the latest headlines direct to your phone. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like. If you’re curious, you can read our Privacy Notice .Researchers, advocacy group team up to map Surrey's toxic drug crisis
As a smooth-talking media and political pundit, Colman Domingo ’s Muncie Daniels is used to commenting on politics and the news — not becoming the news — in The Madness . However, his fate will quickly change for the worse when we meet him in the new series. When the CNN personality discovers the dead body of a white supremacist in the woods near where he’s staying in the Poconos, he winds up in the crosshairs of law enforcement and possibly framed for murder — and even his lawyer friend Kwesi (Deon Cole) warns the silver-tongued Muncie, “You’re not going to be able to talk your way out of this.... They are going to pin all this on you.” In this paranoia-inducing Netflix thriller, Daniels finds himself in the middle of a sprawling conspiracy that delves into the darkest corners of society and explores the intersections between the wealthy and powerful, the alt-right, and other fringe movements. “[The series] is examining the climate we’re in right now,” Domingo teased to TV Insider. “Who sows those seeds of disinformation? Who’s puppeteering all of this?” To clear his name, Muncie must figure out whether to trust FBI agent Franco Quiñones (John Ortiz) and reconnect with his working-class, activist roots in Philadelphia while reuniting with his family, which includes teenage son Demetrius (Thaddeus J. Mixson), estranged wife Elena (Marsha Stephanie Blake), and daughter Kallie (Gabrielle Graham) from a previous relationship. “He’s trying to solve a crime,” creator Stephen Belber previews, “but at the same time he’s trying to solve something inside of himself.” To find out what else we should know about the new thrill ride, we spoke to The Color Purple and Ma Rainey’s Black Bottom star Colman Domingo — who played Victor Strand on Fear the Walking Dead for eight seasons, won an Emmy for Euphoria , and was nominated for a 2024 Oscar for the civil rights drama Rustin — about the bind in which Muncie finds himself in The Madness , the similarities he shares with the character, and the resonance of a story that speaks to our age of online disinformation and conspiracy theories. Why were you drawn to this series and this character? What about it made you say yes to it? Colman Domingo: There’s so much about it that is raising questions about who are we in America right now. What do you believe in? And what are you believing? What’s being fed to you? These are questions that I have deep in my heart, and the series is bringing out those thoughts I have in the back of my head. Like who is manipulating all of us? I do believe there’s people feeding the public misinformation, but it benefits people with money, power, and position. Are there similarities you share with Muncie? Wildly enough, he’s from my neighborhood, from West Philly. He’s a college professor. So am I. There’s a lot of similarities. He’s a public-facing person. Even some of his ideology, where he believes that if you just get people at the table to sit and have a civil conversation, things will get better. I do believe that. I actively do that in my life. And I thought, “Oh, I understand Muncie. I understand what he’s trying to do.” But then the series takes him on another journey to actually go more full-throttle and understand all the dynamics he’s been espousing but not really having to get in the mud with. Is Muncie’s journey in the series a metaphor for how we’re all trying to make sense of this firehose of facts and information, along with disinformation, conspiracy-mongering, and lies that are coming at us 24/7? Yeah. It’s your modern-day North By Northwest, your modern-day Three Days of the Condor. He’s an everyman who has to go on this journey that he’s not ready to go on. He didn’t even know he’s been preparing for it. He was just living his best life, has a great position at CNN, and has been studying jujitsu for his own health. But he didn’t know that he’d need all that to go down the rabbit hole for real. What’s Muncie’s relationship like with his estranged wife, son Demetrius, and his older daughter Kallie from another relationship? All of it is precarious. What’s going on between he and his wife, we made it a gray area. Maybe they both started out as young activists, and the other one moved into celebrity, and the other one is a college professor, and they’re just not meeting [each other] where they used to be. It was more about having a crisis of faith in each other. Then with his daughter [Kallie], he made choices when he was younger, in a relationship he was in before he went to an Ivy League school. So he’s sort of been a deadbeat dad in that way. Then with his younger son, he’s sort of an absentee father. He believes he’s doing the best that he can by providing financially and showing up when he can. But I think he’s been a bit selfish. So this whole crisis is helping him examine not only who he is, but who has he been—and not been—to his family. Now he’s got to do some relationship repair; at the same time, he’s trying to advocate and save his own life and protect his family. Has he lost himself a bit over the years in pursuit of success and ambition? I think so. But I think if you asked Muncie, he wouldn’t say that. I think he believed, no, it’s okay to change. It’s OK to have access and agency. But I think at some point he didn’t realize even in the position that he had, he was just all talk. He was just a talking head. He wasn’t actually doing anything but adding to the noise of the media circuit business. In the crisis that he goes through, how does his family help him to survive? I think he didn’t realize how much he needed them. When we meet him, he’s in a place of stasis. He’s been trying to write this book for years. So he decided to go to the Pocono mountains to try and start writing something. Then he goes on this journey. I think it’s a beautiful hero’s journey. He didn’t know he needed all these things. He didn’t know he needed a heart. He didn’t know he needed a brain...It is ‘no place like home.’ But he realized that his home was attached to other things like celebrity, clothing, and having access. But all of that became more superficial than he even imagined. Amanda Matlovich / Netflix Muncie was a housing activist in his youth, and he reconnects with his West Philly roots and the people in his life from that time. How does he change during the course of the series? I think it’s about helping him to bridge the two parts of himself. It’s one of the first arguments that my character has with the fantastic Eisa Davis, who plays Renee, while hosting a show on CNN. And it’s at the core of the problem. For me, it’s a question of, “What’s the best way?” He’s like, “I am Black and I don’t have to actually be out on the streets anymore. I have more access here on television where I can affect a lot of more people.” And so for me, it’s raising the question of, “Is that right or is that wrong? Or is there a balance of both?” How do race and systemic racism factor into the story of a Black man who gets blamed for the death of a white supremacist? How do you think that will be eye-opening for some viewers? Race plays into it a great deal. Muncie is someone who is probably very adept at code-switching [adjusting one’s style of speech, appearance, and expression to conform to a given community and reduce the potential for discrimination]. When you have celebrity and access, you live more in a bubble where you’re probably not perceived in certain ways. But when all of that goes away, once Muncie has to let go of his Range Rover, his Tom Ford suits, and his position at CNN, he’s perceived as just another ordinary Black man on the street. So even when he goes into that New York shop and changes into a T-shirt, baseball cap, and hoodie [to disguise himself], he’s trying to normalize. Before, he believed was a bit more elevated in some way. I love the question that [his estranged wife] Elena asked him: “What were you doing going over to this white man’s house out in the woods? You felt like you had the privilege to do that? You have to always be careful. You don’t know what’s on the other side. You’re a Black man in America.” He forgot for a moment. What does the title, The Madness , refer to? I think it’s about the madness that we’re all living in when it comes to the 24-hour news cycle and trying to download and sift through information. It’s maddening! And also, I think the madness is also internal, that internal struggle of like, “Who are you, and what do you believe in? Who is real, and who is not?” I think that’s the madness. The Madness , Series Premiere, Thursday, November 28, Netflix More Headlines:
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BOSTON--(BUSINESS WIRE)--Dec 18, 2024-- Berkshire Partners (“Berkshire”) is pleased to announce that Managing Director Ted Rainaud has been featured as one of GrowthCap ’s top 40 under 40 growth investors of 2024 . This annual list recognizes individuals who are shaping the future of growth equity and buyouts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241218520353/en/ Ted Rainaud, Managing Director (Photo: Business Wire) During Ted’s tenure at Berkshire, he has co-led the firm’s investments in Food Chain ID , a provider of food safety and supply chain compliance technology and services; and Harvey Performance Company , a leading designer and manufacturer of specialized cutting tools for precision machining applications. Ted supported Berkshire’s investment in SRS Distribution, one of the nation’s leading distributors of roofing materials and building products. SRS was recently sold to The Home Depot for $18.25 billion, one of the largest private equity exits of 2024. Ted has also been involved with other Berkshire portfolio companies, including Advanced Drainage Systems and Consolidated Precision Products. “Since joining the firm as an associate, Ted has continuously proven himself and has developed his skills and capabilities becoming the investor he is today,” said Mike Ascione, Managing Director Berkshire Partners. “His leadership and collaborative spirit have significantly impacted multiple portfolio companies and our firm as a whole.” Ted joined Berkshire Partners in 2010 as an associate on the private equity team and then returned to the firm in 2014 as vice president after graduating from business school. He was promoted to Managing Director in 2023. Ted earned a B.A. in economics from the University of Pennsylvania and an M.B.A. from Stanford Graduate School of Business. The 11 th annual GrowthCap list recognized its most competitive pool of applicants yet, with honorees selected based upon evaluation of feedback from nominees’ colleagues, peers, portfolio company CEOs and others on their capabilities and performance over time. To view GrowthCap's “Top 40 Under 40 Growth Investors of 2024” list, click here . Award issued December 2024. No compensation was paid in connection with being considered for this award. However, a publishing fee was paid following selection for the award. About GrowthCap Founded in 2013, GrowthCap has provided private company CEOs with insight, exposure and access to the private capital markets. GrowthCap’s content is distributed to over 25,000 CEOs, senior executives, private equity investors, family offices and institutional limited partners. GrowthCap publishes and distributes content through its website, email newsletter, podcast, and social media. About Berkshire Partners Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm’s private equity team invests in well-positioned, growing companies across business services & industrials, consumer, healthcare, and technology & communications. Berkshire recently announced the close of its 11 th private equity fund – Fund XI – with approximately $7.8 billion in commitments. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests. The firm's public equity group, Stockbridge, founded in 2007, manages a concentrated portfolio seeking attractive long-term investments. For additional information, visit www.berkshirepartners.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241218520353/en/ CONTACT: Greg Winter; gwinter@berkshirepartners.com ; 617-227-0050 KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE SOURCE: Berkshire Partners Copyright Business Wire 2024. PUB: 12/18/2024 03:11 PM/DISC: 12/18/2024 03:10 PM http://www.businesswire.com/news/home/20241218520353/enI worked at Loaded in 90s: here's every crazy thing BBC's Lads, Mags and Mayhem left out
Colman Domingo Details Why ‘The Madness’ Is a Drama for Today’s Era of Media Feeding FrenziesWASHINGTON — President-elect Donald Trump’s allies on Capitol Hill rallied around Pete Hegseth, Trump’s Pentagon pick, on Thursday even as new details surfaced about allegations that he had sexually assaulted a woman in 2017. The GOP embrace of Hegseth came as another controversial Trump nominee, Matt Gaetz, withdrew from consideration for attorney general. Gaetz said it was clear he had become a “distraction” amid pressure on the House to release an ethics report about allegations of his own sexual misconduct. An attorney for two women has said that his clients told House Ethics Committee investigators that Gaetz paid them for sex on multiple occasions beginning in 2017, when Gaetz was a Florida congressman. Fresh questions over the two nominees’ pasts, and their treatment of women, arose with Republicans under pressure from Trump and his allies to quickly confirm his Cabinet. At the same time, his transition has so far balked at the vetting and background checks that have traditionally been required. While few Republican senators have publicly criticized any of Trump’s nominees, it became clear after Gaetz’s withdrawal that many had been harboring private concerns about him. Oklahoma Sen. Markwayne Mullin, who served with Gaetz in the House, said it was a “positive move.” Mississippi Sen. Roger Wicker said it was a “positive development.” Maine Sen. Susan Collins said Gaetz “put country first and I am pleased with his decision.” After meeting with Hegseth, though, Republicans rallied around him. “I think he’s going to be in pretty good shape,” said Wicker, who is expected to chair the Senate Armed Services Committee in the next Congress. Republican senators’ careful words, and their early reluctance to publicly question Trump’s picks, illustrated not only their fear of retribution from the incoming president but also some of their hopes that the confirmation process can proceed normally, with proper vetting and background checks that could potentially disqualify problematic nominees earlier. Gaetz withdrew after meeting with senators on Wednesday. Sen. Thom Tillis said Gaetz was “in a pressure cooker” when he decided to withdraw, but suggested that it would have little bearing on Trump’s other nominees. “Transactions — one at a time,” he said. As the Hegseth nomination proceeds, Republicans also appear to be betting that they won’t face much backlash for publicly setting aside the allegations of sexual misconduct — especially after Trump won election after being found liable for sexual abuse last year. Hegseth held a round of private meetings alongside incoming Vice President JD Vance on Thursday in an attempt to shore up support and told reporters afterward: “The matter was fully investigated and I was completely cleared, and that’s where I’m gonna leave it.” A 22-page police report report made public late Wednesday offered the first detailed account of the allegations against him. A woman told police that she was sexually assaulted in 2017 by Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave. The report cited police interviews with the alleged victim, a nurse who treated her, a hotel staffer, another woman at the event and Hegseth. Hegseth’s lawyer, Timothy Palatore, said the incident was “fully investigated and police found the allegations to be false.” Hegseth paid the woman in 2023 as part of a confidential settlement to head off the threat of what he described as a baseless lawsuit, Palatore has said. Wicker played down the allegations against Hegseth, a former Fox News host, saying that “since no charges were brought from the authorities, we only have press reports.” Sen. Bill Hagerty, R-Tenn., said after his meeting with Hegseth that he “shared with him the fact that I was saddened by the attacks that are coming his way.” Hagerty dismissed the allegations as “a he-said, she-said thing” and called it a “shame” that they were being raised at all. The senator said attention should instead be focused on the Defense Department that Hegseth would head. It’s one of the most complex parts of the federal government with more than 3 million employees, including military service members and civilians. Sexual assault has been a persistent problem in the military, though Pentagon officials have been cautiously optimistic they are seeing a decline in reported sexual assaults among active-duty service members and the military academies. Wyoming Sen. John Barrasso, who will be the No. 2 Republican in the Senate next year, said after his meeting with Hegseth that the nominee is a strong candidate who “pledged that the Pentagon will focus on strength and hard power — not the current administration’s woke political agenda.” Senate Republicans are under pressure to hold hearings once they take office in January and confirm nominees as soon as Trump is inaugurated, despite questions about whether Trump’s choices will be properly screened or if some, like Hegseth, have enough experience for the job. Senate Armed Services Chairman Jack Reed, who will be the top Democrat on the panel next year, said the reports on Hegseth “emphasized the need for a thorough investigation by the FBI on the background of all the nominees.” It takes a simple majority to approve Cabinet nominations, meaning that if Democrats all opposed a nominee, four Republican senators would also have to defect for any Trump choice to be defeated. Trump has made clear he’s willing to put maximum pressure on Senate Republicans to give him the nominees he wants — even suggesting at one point that they allow him to just appoint his nominees with no Senate votes. But senators insist, for now, that they are not giving up their constitutional power to have a say. “The president has the right to make the nominations that he sees fit, but the Senate also has a responsibility for advice and consent,” said Republican Sen. Mike Rounds of South Dakota. In the case of Gaetz, he said, “I think there was advice offered rather than consent.”None