Biden administration putting $1.5B into four electric power projects — including interconnection for Texas’s isolated grid
The Biden administration announced Thursday it will spend $1.5 billion on four power projects, including connecting Texas' isolated power grid to the southeast. The four projects are expected to improve grid reliability and improve energy access, the Department of Energy said in a press release. Together, they are expected to enable 7,100 megawatts of new […]
West Virginia governor blames politics for sudden bank auction of $1.5B resort amid key Senate bid
One of West Virginia Gov. Jim Justice’s most prized possessions is set to be auctioned against the governor’s wishes later this month, and a Republican Senate candidate says the situation reeks of blatant politics. In 2009, the Democrat-turned-Republican bought the Greenbrier, a luxury resort in White Sulphur Springs, West Virginia, from CSX and saved it […]
Grayscale Ethereum Trust ETF hits historic net outflow of $1.5B – Cointelegraph
Grayscale Ethereum Trust ETF (ETHE) has seen over $1.5 billion in outflows, with a net outflow of $356 million in a single day on July 26. according to July 26 was a particularly volatile day for spot Ether (ETH) exchange-traded funds (ETFs), with net outflows totaling $163 million, according to data from SoSo Value. Grayscale’s […]
Harris announces $1.5B aid package for Ukraine at peace summit
Vice President Kamala Harris announced a $1.5 billion aid package for Ukraine, which is at war with Russia, at a peace summit in Switzerland on Saturday. “This war has been a complete failure, [Russian President Vladimir] Putin,” Harris, Said During a meeting with Ukrainian President Volodymyr Zelensky. “I come to Switzerland to join Ukrainian and […]
Alex Jones to liquidate assets to pay off $1.5B Sandy Hook judgment
Alex Jones plans to liquidate his assets to pay $1.5 billion in defamation damages from families of children killed in the Sandy Hook Elementary School shooting, who are suing him for saying the mass murder was a hoax. Jones, host of the popular website Infowars, has abandoned efforts to resolve a judgment related to his […]
Biden admin to provide $1.5B loan to restart Michigan nuclear plant
The federal government will provide a $1.5 billion loan to restart a nuclear power plant in southwest Michigan, officials announced Wednesday. Holtec International plans to acquire and dismantle the 800-megawatt Palisades power plant in 2022. But now the focus is on reopening by the end of 2025, with help from the state of Michigan and […]
Largest US semiconductor maker snags $1.5B from stalled Chips Act for plants in NY, Vermont
The Biden administration gave $1.5 billion to the nation’s largest semiconductor maker. This is the first major subsidy from the $52 billion TIP law passed nearly two years ago. GlobalFoundries, the world’s third-largest contract chipmaker, will build a new semiconductor manufacturing facility in Malta, New York, and expand existing operations at the facility and another […]
Biden administration investing $1.5B in clean buses
The Biden administration announced Thursday it will invest $1.5 billion in transportation manufacturing, including zero-emission buses. of White House announced Meets with the Federal Transit Administration (FTA) to discuss building clean transit buses and encouraging the government to manufacture buses at “the scale and pace necessary to meet market demand and meet the nation’s climate […]
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says – CoinDesk
Financial giant JPMorgan (JPM) said in a research note on Thursday that Bitcoin BTC has lost $1.5 billion since the physical exchange-traded fund (ETF) was launched for the first time last week, leaving the Grayscale Bitcoin Trust GBTC. It said that the stock had fallen by more than 15%. “Over the past year, GBTC investors […]