[ad_1] Meta, the company that owns Facebook and Instagram, recently closed a deal to buy 1.3 million carbon removal credits from commercial tree plantations in Latin America, with an option for an additional 2.6 million credits through 2038. The agreement, called “one of the largest of its kind,” was struck with Latin America’s largest investment bank, BTG Pactual. The Forests & Finance policy assessment platform rates BTG Pactual’s environment policies at a 0.9 of 10 due to billions invested in beef and pulp companies with links to deforestation. The Meta deal with BTG was struck through its forestry project, the…
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[ad_1] Key Takeaways AminoChain is developing a decentralized biobank and Layer 2 network for secure medical data sharing. The Specimen Center will be AminoChain’s first application, facilitating interoperable biobank networks. Share this article Andreessen Horowitz (a16z) has made its first investment in a decentralized science (DeSci) project, backing AminoChain with $5M in a seed funding round. In 1951, Henrietta Lacks’ cells were taken without her knowledge or consent. Her cells, known now as “HeLa” cells, went on to become one of the most important tools in modern medicine, leading to breakthroughs in healthcare from the polio vaccine to cancer treatments.…
[ad_1] NEW YORK (AP) — The rush for gold just keeps coming.Gold hit another all-time high this week. Recent gains for the precious metal are largely credited to ongoing economic uncertainty, geopolitical tensions and strong demand from central banks around the world.If trends continue, analysts have bullish outlooks on the price of gold for the months ahead. But the future is never promised. Here’s what you need to know.Where does the price of gold stand today?The New York spot price of gold closed Tuesday at just over $2,657 per Troy ounce — the standard for measuring precious metals, which is…
[ad_1] (Reuters) -U.S. Steel said on Wednesday the board of arbitration has ruled in favor of Nippon Steel’s $14.9 billion buyout of the company, but the United Steelworkers union disagreed with the decision. The board, jointly selected by the company and the union to settle disputes, ruled that U.S. Steel had satisfied each of the conditions of the successorship clause of its basic labor agreement with the USW. “The arbitrators accepted at face-value Nippon Steel’s statement that it would assume the Basic Labor Agreement,” USW said. The union said the decision did not change its opposition to the deal. Japan-based…
[ad_1] (Reuters) -Micron Technology (MU) forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry, sending the company’s shares up 10% after the bell.The company is one of the only three providers of HBM chips along with South Korea’s SK Hynix and Samsung, which has allowed the U.S. firm to cash in on demand for semiconductors that help power generative AI technology.The AI boom has also helped Micron cushion the hit from a memory chip inventory glut in PC and smartphone markets.The company forecast revenue…
[ad_1] The Brazilian proverb of an alligator turning into a log during a flood offers a poignant metaphor for the current state of the automotive industry. As the world grapples with economic uncertainty and the transition to electric vehicles, traditional rivalries have been replaced by strategic partnerships. These alliances, far from being driven by synergies or shared visions, are often born out of desperation. In the face of declining sales and rising costs, automakers are scrambling to find ways to survive. The push for electric vehicles has placed immense pressure on the industry to invest in new technologies and infrastructure.…
[ad_1] On Wednesday, Goldman Sachs reiterated its Buy rating on monday.com Ltd. (NASDAQ:MNDY (NASDAQ:)), maintaining a price target of $340. The endorsement follows the company’s annual conference, Elevate 2024, which bolstered the firm’s confidence in monday.com’s positioning within the software sector. The analyst highlighted the company’s effective execution on a large Total Addressable Market (TAM) in emerging products, particularly in the Customer Relationship Management (CRM) space, where the platform is experiencing exponential growth with 9,000 deals closed daily. Goldman Sachs pointed out monday.com’s expansion in Work Management and focus on product scalability as key drivers for broader deployments and upmarket…
[ad_1] Google Maps has finally introduced incident reporting on Android Auto, after months of anticipation. This long-awaited feature allows users to report accidents, road closures, and other hazards directly from their car’s display. Waze pioneered this idea, and it has become a standard feature in modern navigation apps. By leveraging crowdsourced data, users can help keep everyone on the road safe and informed. This feature is particularly useful for Android Auto users who frequently travel on busy or unfamiliar roads. With incident reporting, drivers can stay informed about potential hazards ahead and adjust their routes accordingly. For example, if there…
[ad_1] The Cupra Raval, a compact electric hatchback, has been spied testing in Spain, signaling its upcoming production. Originally revealed as the UrbanRebel concept in 2021, the Raval has undergone design refinements and is now expected to hit the market in 2025. Sharing its underpinnings with the Volkswagen ID.2, the Raval will be built at SEAT’s Martorell plant in Spain. Based on the spied prototypes, the Raval features a sporty and aggressive design language, with sharp lines, bold proportions, and distinctive lighting elements. The front fascia is characterized by a large, closed off grille with integrated LED headlights and a…
[ad_1] Image source: Unilever plc Consumer goods giant Unilever (LSE: ULVR) has moved up by 20% over the past year on the London stock market. But that simply takes the Unilever share price back to… where it was five years ago! The share currently stands within 1% of its price back then. Meanwhile, the business pays quarterly dividends, with a fair track record of growth. But with its yield of 3%, I would describe Unilever as decent rather than especially exciting when it comes to passive income. Created using TradingView So, after a 20% rise, has the tide turned? Might…