Rivian Automotive in Irvine achieved his first quarterly gross profit in 2024, and scored a protracted goal, even though it warned that the shift in political shifts in Washington weighed its turnover with an electrical vehicle this 12 months.

The EV manufacturer achieved a gross profit within the fourth quarter of $ 170 million and expected a “modest” positive result for the number this 12 months, the corporate said in an announcement. The results of the fourth quarter exceeded the 32 million US dollar expected by Wall Street.

Riviian's shares rose by greater than 3% on Thursday in trade after business time and signal that investors saw signs of progress after the corporate fought problems with the availability chain and high costs that disabled its results last 12 months .

Nevertheless, the corporate expects to sell between 46,000 and 51,000 EVs this 12 months under the analyst estimates compiled by Bloomberg. The guidelines reflect Rivian's view of the consequences that might result from changes within the tariffs, the EV tax credit and regulatory policy that might weigh sales, said Rivian Chief Executive RJ Scaringe in an interview.

“We observe exactly as well as everyone else, which will happen with tariffs in our supply chain, which will increase the costs and ultimately lead to potential price changes,” he said.

Changes to fuel consumption and pollution regulations could also affect the marketplace for regulatory loans, a lucrative source of income for pure EV manufacturers resembling Rivian and Tesla Inc.

The turnover of those credits rose by $ 260 million within the fourth quarter.

Scaringe announced Bloomberg that credit sales come from programs, including Californian rules, in accordance with which automotive manufacturers must sell more zero emission vehicles yearly, are “quite valuable” for the corporate. Scaringe said he hardly expected any changes to this regulatory system since it doesn’t impose any costs for the federal government.

Originally published: February 21, 2025 at 5:04 a.m. PST

“Inspired the crypto community”

By Chris Isidore | CNN

New York – No single business leader has supported former President Donald Trump's candidacy greater than Elon Musk. But after Trump won back the presidency in Tuesday's election, there are each positives and negatives ahead for the billionaire and his business empire.

According to Federal Election Commission filings, Musk has to date donated nearly $119 million to a political motion committee he set as much as support Trump. He has appeared with Trump at rallies and conducted a fawning interview with him on X, his social media platform.

“He has put a lot into it here. He jumped into the deep end this election,” said Daniel Ives, technology analyst at Wedbush Securities.

By early Wednesday, investors were already betting that Trump's victory would even be a win for Musk's largest public holding, Tesla (TSLA), causing shares of its electric vehicle maker to instantly jump 13% at market open and end regular trading up nearly 15%. This increased the worth of the 411 million Tesla shares that Musk fully owns by greater than $15 billion, a 12,761% return on the $119 million he donated to Trump. It was a two-year high for Tesla shares, which have struggled recently and were up just 1% for the yr through Tuesday's close.

But a Trump victory also poses risks for Tesla.

Much of Musk's enormous net value is as a consequence of the federal government support his corporations like Tesla and SpaceX have received through the years. Even if Vice President Kamala Harris had won, much of that cash would have continued to flow. But even when some government support for electric vehicles is cut or eliminated now, as is prone to occur after Trump's victory, Musk's fortunes will still remain intact. In fact, Tesla may gain advantage if government support for electric vehicles ends.

What a Trump victory means for Tesla

Musk posted quite a few tweets He celebrated Trump's victory on his social media platform X late Tuesday and early Wednesday.

“The people of America gave @realDonaldTrump a crystal clear mandate for change tonight,” he wrote in certainly one of them.

Trump has openly opposed electric vehicles, saying they’re too expensive, have limited range and would destroy jobs and the American auto industry. But what might appear to be the most important blow to Tesla from one other Trump presidency — a cut, if not an end, to federal support for electric vehicles — won’t be so bad for Tesla and Musk.

But other policy areas which might be at the middle of Trump's plans could also result in major problems.

Trump has vowed to finish what he calls “Biden's EV mandate,” although there is no such thing as a such mandate and it’s unclear what he’s referring to.

But under Biden, there was significant government support for constructing and buying electric vehicles, including billions of dollars in loans to encourage automakers to take a position in factories to construct electric vehicles and batteries within the United States, support for charging stations and a federal tax credit $7,500 for a lot of electric vehicle automotive buyers.

Many industry experts consider Trump will end these programs. Trump could direct the Treasury Department to vary the principles that determine when automotive buyers are eligible for the tax credit, which might significantly limit the tax credit's availability. Or, if Trump has a Republican-controlled Congress, he could pass a law to eliminate the credit entirely.

But Musk has said he isn't apprehensive concerning the end of the tax credit because Tesla sees it as a boon to legacy automakers' efforts to maneuver into the electrical vehicle market and produce more competition.

“Take away the subsidies. “It will only help Tesla,” Musk said posted on X in July.

Due to increasing competition, Tesla's global sales fell 2% in the primary nine months of this yr in comparison with last yr. Sales and profits improved within the third quarter, even though it was the primary time in the corporate's history that there was such a decline.

Self-driving vehicle policies could change

CFRA Research analyst Garrett Nelson agreed.

“In our view, Tesla and CEO Elon Musk may be the biggest winners from the election results, and we believe Trump's victory will help accelerate regulatory approval of the company's autonomous driving technology,” he said in a note to clients and raised its suggestion on Tesla shares from “Hold” to “Buy.” He raised his 12-month price goal on the stock by $110 to $375 per share.

So far, the corporate's existing driver assistance features, often known as Autopilot and Full Self-Driving (FSD), are under investigation by federal safety regulators after a series of accidents involving the technology. This research could slow the approval of true self-driving Tesla cars on the roads, despite Musk's widely controversial claims that Teslas with FSD are already safer than human-driven cars.

“Under Trump, these investigations could slowly disappear,” Ives said.

All federal support for electric vehicles is unlikely to vanish in Trump's next administration. Aside from the customer tax credit, much of the tax money spent to support electric vehicle adoption is available in the shape of presidency loans to automakers and their suppliers to construct plants in southern “red” states. It's unlikely that Trump would need to cut that support and the promise of jobs in those states, even in the event that they would ultimately provide competition to Musk and Tesla.

Traditional automakers say they may move forward with plans to construct and sell more electric vehicles in the longer term. They say electric vehicles are the longer term of the industry, although adoption rates have slowed recently.

“It's not a strategy where we're going to obstruct the presidential election or the next one and the next one and see what we can do with the EPA,” Ford CEO Jim Farley told investors in July. “The only way we think it's sustainable is to make money from small electric vehicles. And that’s our bet.”

Automakers are pushing to sell more electric vehicles so corporations can meet increasingly stringent environmental regulations within the United States, Europe and Asia. Even if Trump gets the EPA to vary emissions rules here, automakers will still have an incentive to proceed constructing electric vehicles to satisfy regulations elsewhere or to satisfy stricter environmental regulations in lots of U.S. states, including California, which has its own stricter ones has emissions regulations that many other states follow.

Industry experts don't expect growth in electric vehicle sales to stop even when Trump changes emissions regulations, partly as a consequence of growing consumer demand.

“We could see a much slower adoption of electric vehicles (with a change in regulations),” said Jeff Schuster, global head of automotive at GlobalData, an industry consultant. “But with all the investments, we are unlikely to see a reversal.”

Trump's China policy could harm Tesla

The greater problem for Tesla with Trump's victory is that it could lead on to a different trade war with China, Ives said, given the importance of its Shanghai factory to its global sales and profits.

With Trump's victory, “he's going to be much tougher on China, and then the negatives could outweigh the positives for Tesla,” Ives said. “Over 40% of deliveries come from the Chinese market. Tesla would be caught in the crossfire.”

And it may be an issue for Tesla if Trump taps Musk He is predicted to steer his administration's efforts to scale back so-called government waste, because the two mentioned through the campaign.

Whatever the end result of those efforts, and whether or not Musk has a proper or informal government role in Trump's latest administration, the last item Tesla investors need to see is Musk becoming much more distracted from his time as Tesla boss said Ives.

“It's more time away from Tesla while wanting to pay more attention to Tesla,” Ives said.

Less impact on SpaceX and X

Musk's other major company, SpaceX, likely wouldn’t have had a significantly different relationship with the federal government regardless of who’s elected. Its important competitor is Boeing have serious problems with spacecraft commissioned by NASA to hold astronauts to and from the International Space Station.

And Musk's ownership of X has been widely criticized, especially by Democrats, for spreading misinformation. But it has not been halted or hindered by government motion under Biden, and the brand new Trump administration is unlikely to take motion on it either. And given the financial losses since purchasing the corporate, it now represents a comparatively small portion of Musk's total net value.

The CNN Wire
& © 2024 Cable News Network, Inc., a Warner Bros. Discovery company. All rights reserved.

Pfizer Inc.'s experimental weight-loss drug for cancer patients has been shown to assist them regain weight in a mid-stage study, offering latest prospects for treating this dangerous muscle-wasting disease.

In cancer patients, a syndrome called cachexia causes changes in metabolism and appetite. It can result in the lack of necessary skeletal muscle and fat tissue, which weakens the body and in some cases could make cancer treatments less effective. Studies suggest that as much as 30% of all cancer deaths are because of cachexia and about 80% of patients with advanced cancer are affected by the condition. There are currently no approved drugs to treat the condition.

Pfizer's drug, ponsegromab, is a monoclonal antibody that blocks GDF-15, a protein produced when the body is exposed to extreme stress. High levels of GDF-15 in cancer patients are considered linked to lack of appetite and nausea, leading Pfizer scientists to hypothesize that blocking protein formation could prevent the onset of cachexia.

The drug was discovered by Pfizer itself, which is trying to cancer drugs as a growth engine for the corporate. Last yr, the corporate bought cancer drug maker Seagen Inc. for $43 billion, and investors are eagerly awaiting positive news as sales of the COVID-19 vaccine proceed to say no.

Pfizer enrolled 187 patients with cancer and high GDF-15 levels in a Phase 2 trial testing the effect of ponsegromab on body weight compared with a placebo. The patients within the trial had non-small cell lung cancer, pancreatic cancer or colon cancer, and about 75% of them had already progressed to stage 4 of the disease.

At the best dose of 400 milligrams, patients regained about 5.6 percent of their body weight over 12 weeks, based on the outcomes published Saturday within the New England Journal of Medicine. According to the outcomes, which will likely be presented concurrently on the European Society for Medical Oncology conference in Barcelona, ​​patients also showed improvements in appetite, physical activity and skeletal muscle.

Charlotte Allerton, head of discovery and early development at Pfizer, said in an interview that the corporate hopes ponsegromab will enable weight gain, allowing patients to tolerate treatment longer and “be more active, which will of course improve their overall health.”

Pfizer is discussing development plans with regulators and goals to start pivotal trials in 2025. The company can be testing ponsegromab in patients with heart failure and high GDF-15 levels. Allerton said the corporate can be researching other conditions related to elevated GDF-15 levels, comparable to chronic kidney disease.

___

©2024 Bloomberg LP Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.

“Uncommon Courses” is an irregular series from The Conversation US that presents unconventional teaching approaches.

Course title:

Campaigns and elections in theory and practice

How did the concept for the course come about?

I noticed that a lot of my students, including those fascinated with political science, had never become involved politically, even beyond voting. I've also noticed that most of the clubs and activities that helped me make friends as a university student appear to have atrophied throughout the COVID-19 pandemic. I wanted students to have a likelihood to get to know one another, see how politics works in practice, and get something useful for his or her resume.

What does the course examine?

Every student participates in an election not directly. They might help register people to vote, volunteer for a campaign, non-partisan election staff or function Election observers. You can volunteer for any style of campaign, from presidential to local elections, where students may come into direct contact with the candidates. We will spend the vast majority of class time processing what happens within the campaign: the nice, the bad, the ugly, and the absurd.

Why is that this course relevant now?

Today's students face serious headwinds. They inherit historical political and social divisions which are exacerbated once they are told to not trust anyone. They are also strikingly lonely. I imagine the one way out of cynicism and distrust is to become involved, participate and understand how the system works and the way it doesn't.

What is a crucial lesson from the course?

I need students to learn that they don’t must be what gamers call NPCs – Non-player characters – in politics. They are only as able to participating in democracy and leading their communities because the people who find themselves already in charge.

What materials does the course contain?

The only book for the course is “Campaigns and elections” from Political scientist John Sides of Vanderbilt University and three of his colleagues. This great text is each practical and rooted in political science research on elections. As a gaggle, we also select podcasts to hearken to, news articles to read, and videos to look at.

Since we’re in Texas, students can stay awake up to now with what is going on here by The Texas Tribune and hearken to the Take Texasa political podcast from the Houston Chronicle. You may even get insider knowledge about national politics through media similar to The hill, Politico And Axios.

I also make sure that they learn about AllSides.coma web site that shows how different media outlets cover the identical issue. I've found that AllSides is precisely what distrustful students have been on the lookout for. During an election cycle, it helps them see what narratives campaigns are constructing from the news of the day.

What does the course prepare students for?

I hope that students take away from this course two essential lessons that could appear contradictory. First, it is simple to become involved in and volunteer for election campaigns. Second, it’s difficult to run a campaign or manage an election well.

If you don't understand how things work, every part can seem like a conspiracy. I hope that students will gain confidence within the US electoral system by seeing how the system works. It's not perfect. But there are numerous individuals who mostly mean well and are attempting to make things somewhat more perfect. And students have the chance and the power to do the identical.

As preparations for the Paris Olympic and Paralympic Games gain momentum, South East Queensland is developing its strategy for the long run with a view to the 2032 Games in Brisbane.

The Queensland Government Olympic Committee recently released its Legacy Strategy. Increase 2042.

At the guts of this strategy is the goal of making a more lively, healthier, connected and inclusive community through sport and major sporting events in Queensland.

While inclusivity and variety are considered the inspiration of this sustainability plan, there’s little clarity on how the organising committees will work with state and native sporting clubs to support recently arrived and already settled refugees in Queensland.

How sport will help refugees

Refugees are an integral and growing a part of Australia’s multicultural population and beyond.

Local sports initiatives and individual city councillors have explained how vital sport is for improving the lives of refugees here in Australia.

Our Researchattributable to be released later this yr, examines how inequalities comparable to gender, disability, sexuality and ethnicity impact participation in sport in marginalised communities in Queensland. It also shows how we will work with these communities within the lead as much as the 2032 Olympic and Paralympic Games in Brisbane.

Our research focuses on how Olympic succession planning can higher support people on the margins of sport, including refugee women and girls.

Over the past twelve months we’ve travelled across south-east Queensland, talking to community groups, sporting clubs and recently settled refugees.

Initial results from this project show that local people groups lively in Brisbane, Logan, Toowoomba and the Gold Coast, amongst others, have consistently used sport as a robust catalyst to assist refugees settle in and feel a way of belonging.

Team sports comparable to hockey, football and rugby are particularly successful amongst women and kids with a refugee background.

In this context it’s price mentioning Community sports have supported the means of belonging and settlement of recently arrived refugees in all Australia.

The Olympic Games and the refugees

The relationship between the International Olympic Committee (IOC), the Olympic and Paralympic Games, asylum seekers and refugees is long-standing and complex.

Some critics have argued that the IOC is overly concerned that political protest gestures could overshadow sporting success stories. Questions have also been raised as to why the IOC and the Olympic Games haven’t done more to boost awareness of human rights issues.

However, one vital factor is missing from these discussions: how host cities can develop effective strategies to advertise refugee settlement and belonging.

Estate planning initiatives represent an incredible opportunity for Brisbane to noticeably engage with local sporting groups within the lead as much as the 2032 Olympic Games.

Until now, the legacy strategy – a so-called “living document” – has identified 15 focus areas as pathways to the three primary desired outcomes of the key event.

The primary desired outcomes are:

1. higher physical activity results in a healthier general population
2. increased participation in sport with a specific give attention to culturally and linguistically marginalized communities
3. improved athletic performance at elite competition level.

However, inside these broad segments, there’s little detail on how grassroots engagement will occur to implement these guarantees.

How Brisbane can improve

Here are 3 ways the Brisbane Legacy and Organising Committee can partner with sporting clubs to assist refugees gain a foothold of their local communities.

1. Targeted financial and infrastructure support for small-scale, progressive sporting programs that enable physical activity and informal sport amongst recently settled refugees. A key focus of the Elevate 2042 strategy guarantees to “create more great places and precincts” that can profit Queensland's diverse and multicultural community. However, it just isn’t clear how it will support local, community-based clubs and initiatives to foster close relationships with refugee communities.

2. Targeted give attention to women and kids from culturally and linguistically diverse refugee backgrounds. This will help them to beat challenges which can be unique to their very own communities. The Elevate strategy doesn’t explicitly give attention to the problems facing women and girls in its 15 identified focus areas. In particular, non-binary and gender diverse individuals are completely excluded from the plan.

3. A culturally informed and sustained consultation between local councils, sporting clubs, state sporting organisations and settlement authorities to discover the unique ways during which the legacy of major sporting events can profit marginalised communities.

Refugees need a voice within the strategy

Priority Area 15 of the Elevate 2042 plan goals to deliver a dynamic and provoking cultural programme beyond 2042 that represents the country’s great diversity and inclusivity.

The Olympic Agenda 2020+5 recommends strengthening support for refugees and populations affected by displacement. However, priority area 15 doesn’t mention the refugee community.

The growing refugee community can’t be not noted of those conversations as their stories and voices grow to be increasingly relevant and integral to Australia’s social fabric and sporting culture.