AstraZeneca Plans to Invest $50 Billion in U.S. by 2030
The U.K. biopharmaceutical giant said Monday the multi-billion dollar facility would produce drug substances for its weight-management and metabolic portfolio, including oral GLP-1s.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Yemen's Houthis threaten to target ships linked to firms dealing with Israeli ports
(Reuters) -Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel. In a televised statement, the Houthis' military spokesperson warned that ships would be attacked if companies ignored their warnings, regardless of their destination. "The Yemeni Armed Forces call on all countries, if they want to avoid this escalation, to pressure the enemy to halt its aggression and lift the blockade on the Gaza Strip," he added. Since Israel's war in Gaza began in October 2023, the Iran-aligned Houthis have been attacking ships they deem as bound or linked to Israel in what they say are acts of solidarity with Palestinians. In May, the U.S. announced a surprise deal with the Houthis where it agreed to stop a bombing campaign against them in return for an end to shipping attacks, though the Houthis said the deal did not include sparing Israel. Solve the daily Crossword
Business Wire
17 minutes ago
- Business Wire
KKR Forms A$500 Million Strategic Partnership with CleanPeak Energy to Launch New Distributed Energy Platform
SYDNEY--(BUSINESS WIRE)--Global investment firm KKR today announced the signing of definitive agreements under which funds managed by KKR will commit A$500 million to strategically partner with CleanPeak Energy ('CleanPeak') to rapidly grow its distributed energy platform. KKR's investment will support CleanPeak in growing and developing a pipeline of distributed solar, battery storage and micro‑grid solutions for Australia's commercial and industrial ('C&I') sector. Co-founded by Philip Graham and Jon Hare in 2017, CleanPeak is a leading provider of fully financed, integrated solar‑and‑storage systems for blue‑chip corporates across Australia. The company operates over 50 distributed generation sites across Australia including over 140MW of Solar Assets and 35MWH of Battery Energy Storage System ('BESS') projects, and is currently delivering over $200m of construction projects in the sector. 'Australia's C&I energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability and affordability,' said Neil Arora, Partner and Head of KKR's Climate Transition strategy for Asia. 'By combining CleanPeak's proven operating platform with KKR's global network, operational expertise, and deep experience across our energy and infrastructure teams, we are well positioned to unlock significant opportunities for corporate customers looking to decarbonise and reduce their energy bills.' CleanPeak Chief Executive Philip Graham welcomed the strategic partnership, 'KKR is a perfect strategic partner for us as we seek to rapidly expand renewable energy solutions for our customers. They bring deep energy transition expertise, financial strength and a partnership mindset that will allow CleanPeak to continue to offer net zero solutions at the same time as accelerating our growth plans through bolt‑on acquisitions. Together, we will deliver reliable, lower‑carbon energy for corporate Australia.' 'CleanPeak's distributed energy approach reduces network costs which make up a significant portion of the all-in cost of retail electricity and results in more competitive power prices for our customers,' said Jon Hare, CleanPeak's Chief Operating Officer. KKR is making this investment from its Global Climate Transition strategy. This investment marks the strategy's first in Asia-Pacific and its sixth transaction globally, underscoring KKR's conviction in the energy‑transition opportunity set. Since 2010, KKR has committed more than US$34 billion in climate and environmental sustainability investments. Past investments have included Zenobē, a UK-based transport electrification and battery storage solutions specialist; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business which provides a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform. The transaction is expected to close in H2 2025, subject to customary regulatory approvals. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at About CleanPeak CleanPeak is a specialist renewable energy company in Australia empowering large industrial & commercial businesses to reduce their carbon emissions & transition to net zero. CleanPeak specialises in designing, building, owning and operating renewable energy assets, and associated infrastructure. By integrating state-of-the-art solar, battery and thermal energy assets, CleanPeak delivers energy solutions that are affordable, reliable and sustainable. CleanPeak's operating portfolio consists of over 40 MW of rooftop solar, 100 MW of utility solar projects and 35 MWh of battery projects, as well as microgrids providing energy and thermal services for more than 1,000,000 square meters of floorspace. CleanPeak has a further 100 MW of solar and 300 MWh of battery projects in the pipeline. CleanPeak's internal EPC capability drives superior design and delivery outcomes, tailored to the needs of individual clients. Our asset management capabilities are underpinned by proprietary IT systems that optimise performance, efficiency, and resilience. With its own retail electricity license, CleanPeak is uniquely positioned to supply power directly to end-users, offering flexible, customer-first retail solutions that minimise cost and carbon footprint. Whether it is powering large commercial precincts or integrating behind-the-meter solutions, CleanPeak connects the dots from project design through to renewable generation and distribution. For additional information about CleanPeak, please visit
CNN
17 minutes ago
- CNN
‘Tesla Takedown' protestors have a new target: Elon Musk's Tesla Diner
For months, protesters have gathered outside Tesla showrooms in response to Elon Musk's role in reducing US government spending as part of the Department of Government Efficiency. This weekend, protesters in Los Angeles found a new destination: Musk's new 24-hour Tesla Diner in the Hollywood area. Musk had touted the concept of an 'old school drive-in, roller skates & rock restaurant' in 2018. Since opening on Monday, the retro-futuristic diner with electric vehicle-charging stations has had long lines of customers who are served burgers in Cybertruck-designed boxes. One customer posted to YouTube that he waited 11 hours for the restaurant to open. But Joel Lava, who has helped organize 'Tesla Takedown' demonstrations and has spearheaded protests at the diner, believes that protests could continue throughout the summer and that the buzz around the new restaurant will soon die down. '(Customers are) waiting 11 hours so they can have Tesla-brand burgers and fries,' Lava told CNN. 'This is the world's most renowned anti-trans advocate who just opened a diner in West Hollywood. The community is not very supportive of Elon.' Lava estimates as many as 75 demonstrators joined the diner protest on Saturday. He said organizers began planning protests for this weekend after the diner abruptly opened on Monday. 'Our main message is Tesla funds fascism. Elon Musk, via DOGE, has destroyed our government agencies and people's jobs, and people are dying around the world because of him,' Lava said. Tesla did not immediately respond to CNN's request for comment. Lava said protest attendance for Tesla Takedown events peaked at the end of March, but has 'been going strong.' Protests outside of Tesla showrooms across the United States have remained a weekly staple in many cities, with 40 protests planned on the 'Tesla Takedown' website for the weekend. 'We've already been successful in tarnishing the Tesla brand,' he said. During last week's second-quarter earnings call, Musk highlighted Tesla's future — not its gloomy present-day — by reaffirming ambitious plans for the company's robotaxi service and mass production of its humanoid robot, Optimus, which was serving popcorn at Musk's diner. Tesla's auto revenue fell 16% from April to June and overall revenue was down 12%, according to its earnings report. Sales of its best-selling Model Y and Model 3 fell 12% compared with a year ago, while sales of its more expensive models, including the Cybertruck, plunged 52%. Shares of Tesla (TSLA) were down more than 4% last week, closing at $316.06 on Friday, after falling 9% on Thursday. Since peaking at $479.86 on December 17, Tesla shares have plunged 34%. CNN's Chris Isidore contributed to this report.
