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Energy Star, efficiency program that has steered consumer choice, targeted in cuts

Energy Star, efficiency program that has steered consumer choice, targeted in cuts

An Environmental Protection Agency plan to eliminate its Energy Star offices would end a decades-old program that gave consumers a choice to buy environmentally friendly refrigerators, dishwashers and other electronics and save money on electric bills, consumer and environmental groups said.
The changes, outlined in agency documents reviewed by The Associated Press, are part of a broad reorganization at the EPA that would eliminate or reorganize significant parts of the office focused on air pollution. Those plans advance President Donald Trump's sharp turn away from the prior administration's focus on climate change.
The EPA did not confirm directly it was ending the program, first reported Tuesday by CNN, but said the reorganization 'is delivering organizational improvements to the personnel structure that will directly benefit the American people and better advance the agency's core mission, while Powering the Great American Comeback.'
The EPA launched Energy Star in 1992 with the goal of tackling environmental protection and economic growth. It boosts the market for energy-efficient products and benefits companies that design appliances that earn the label. A home that decides to buy Energy Star products can save $450 annually on energy costs, the program's website says.
'People recognize it right away, so they would be like 'oh, it is Energy Star, so I should probably go with this one,'' said Francis Dietz, spokesperson with the trade association Air-Conditioning, Heating, and Refrigeration Institute.
Steven Nadel, executive director of the American Council for an Energy-Efficient Economy, said the program enjoyed bipartisan support until recently. It promotes efficiency by tightening standards when lots of products are able to meet the label requirements, he said.
Big savings in money and pollution
Since its start, the program has reduced energy costs by more than $500 billion and prevented about 4 billion metric tons of planet-warming greenhouse gas emissions, according to its website. Appliances can be responsible for tons of air pollution, but efficiency measures can reduce the carbon dioxide, methane, sulfur dioxide, nitrogen oxide and fine particulate matter that producing the electricity releases into the atmosphere. These pollutants can harm the heart and lungs, and cause other health issues.
Trump's proposed budget asks that Congress eliminate the EPA's entire Atmospheric Protection Program, which houses the offices that run Energy Star. The budget described the program as 'an overreach of Government authority that imposes unnecessary and radical climate change regulations on businesses and stifles economic growth.'
But Sarah Gleeson, climate solutions research manager at the climate action nonprofit Project Drawdown, said America's energy independence depends on the ability to meet U.S. energy demands, and cutting the program imperils that and strains households at the same time.
Gleeson said losing Energy Star will make it harder for consumers to have trustworthy information about products' energy use.
Label is voluntary, and Congress ordered it
The Energy Star label is voluntary for products that meet certain efficiency levels, and differs from Department of Energy standards that set minimum efficiency requirements that products must meet to be legally sold. In the 2000s, Congress directed the EPA and Department of Energy to run an energy-efficiency program and promote Energy Star.
The DOE did not comment on the changes and its role moving forward, deferring questions to the EPA. According to the program's website, DOE's role includes developing product testing procedures. The EPA is responsible for setting performance levels and ensuring consumers can rely on the label.
The Association of Home Appliance Manufacturers said it supports a streamlined Energy Star program through the DOE. Spokeswoman Jill Notini said that 'would meet the administration's goals of preserving a full selection of products from which consumers can choose, and reducing unnecessary regulatory burden.'
The move is the latest in the Trump administration's broader deregulatory effort. They've announced plans to slash Biden-era policies to reduce greenhouse gas emissions and prioritized fossil fuels and an energy-dominance policy.
The president has been particularly keen on eliminating efficiency standards, arguing they result in products that cost more and are less effective, and that they deny consumer choice. Trump has reversed rules restricting water flow for showerheads and other household appliances.
Trump targeted Energy Star during his first stint in the White House, but faced backlash.
'For an administration who keeps claiming the country is facing an 'energy emergency,' Trump continues to attack any and all efforts aimed at saving energy through efficiency,' Xavier Boatright, deputy legislative director for clean energy and electrification at Sierra Club said in a statement. 'When we waste energy through inefficient appliances the fossil fuel industry uses it as an excuse to extract and sell more of its product to make more money on the backs of the American people.'
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The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP's environmental coverage, visit https://apnews.com/hub/climate-and-environment
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T-Mobile US, Inc. and T-Mobile USA, Inc. Announce Final Results of its Exchange Offers and Consent Solicitations for Certain of Array Digital Infrastructure, Inc.'s Outstanding Debt Securities
T-Mobile US, Inc. and T-Mobile USA, Inc. Announce Final Results of its Exchange Offers and Consent Solicitations for Certain of Array Digital Infrastructure, Inc.'s Outstanding Debt Securities

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T-Mobile US, Inc. and T-Mobile USA, Inc. Announce Final Results of its Exchange Offers and Consent Solicitations for Certain of Array Digital Infrastructure, Inc.'s Outstanding Debt Securities

BELLEVUE, Wash., August 02, 2025--(BUSINESS WIRE)--T-Mobile US, Inc. (NASDAQ: TMUS) (the "Company") today announced, together with T-Mobile USA, Inc., its wholly-owned subsidiary ("T-Mobile USA"), the expiration and final results of its previously announced offers to exchange (the "Exchange Offers") any and all of certain series of outstanding senior notes of Array Digital Infrastructure, Inc. (formerly known as United States Cellular Corporation) ("Array"). The Exchange Offers were launched pursuant to the Securities Purchase Agreement announced on May 28, 2024, under which the Company agreed to purchase certain assets from Array. Today's final results concern the Company's offers to exchange: (i) Array's 6.700% Senior Notes due 2033 (the "Old Array 2033 Notes") for new 6.700% Senior Notes due 2033 to be issued by T-Mobile USA (the "New 2033 Notes"); (ii) Array's 6.250% Senior Notes due 2069 (the "Old Array 2069 Notes") for new 6.250% Senior Notes due 2069 to be issued by T-Mobile USA (the "New 2069 Notes"); (iii) Array's 5.500% Senior Notes due 2070 (March) (the "Old Array March 2070 Notes") for new 5.500% Senior Notes due March 2070 to be issued by T-Mobile USA (the "New March 2070 Notes"); and (iv) Array's 5.500% Senior Notes due 2070 (June) (the "Old Array June 2070 Notes" and, together with the Old Array 2033 Notes, the Old Array 2069 Notes and the Old Array March 2070 Notes, the "Old Array Notes") for new 5.500% Senior Notes due June 2070 to be issued by T-Mobile USA (the "New June 2070 Notes" and, collectively with the New 2033 Notes, the New 2069 Notes and New March 2070 Notes, the "New T-Mobile Notes"); in each case upon the terms and subject to the conditions set forth in the Prospectus, as defined below. In connection with the Exchange Offers, the Company and T-Mobile USA also solicited consents to amend the applicable indentures governing each series of the Old Array Notes (the "Consent Solicitations") to modify or eliminate certain notice requirements and restrictive covenants in the indentures governing the Old Array Notes. As previously announced on June 16, 2025, the Company and T-Mobile USA have received valid consents to the Proposed Amendments (as defined in the Prospectus) to the indentures governing the Old Array Notes from the holders of at least a majority of the outstanding aggregate principal amount of each series of the Old Array Notes. The Exchange Offers and the Consent Solicitations expired today, August 1, 2025, at 5:00 p.m., New York City time (the "Expiration Date"). The table below provides the aggregate principal amount of validly tendered Old Array Notes that the Company accepted for exchange as of the Expiration Date, as well as the aggregate principal amount of New T-Mobile Notes to be issued and the total amount of cash to be paid, in connection with the Exchange Offers and the Consent Solicitations: Title of Series of Old Array Notes Tendered CUSIP No./ ISIN Principal Amount Outstanding (mm) Principal Amount Validly Tendered and Accepted for Exchange Cash Amount To Be Paid for Early Consent Fee(1) Principal Amount of New T-Mobile Notes To Be Issued Old Array 2033 Notes 911684AD0/US911684AD06 $544 $488,941,000 $487,219.00 $488,860,000 Old Array 2069 Notes 911684702/US9116847024 $500 $394,177,750 $371,004.23 $393,481,525 Old Array March 2070 Notes 911684801/US9116848014 $500 $401,502,000 $378,044.65 $400,797,075 Old Array June 2070 Notes 911684884/US9116848840 $500 $395,450,250 $372,259.88 $394,753,475 (1) The Early Consent Fee (as defined in the Prospectus) will only be paid to holders of those Old Array Notes that were validly tendered prior to the Early Participation Date (as defined in the Prospectus), and not validly withdrawn, as described in the Prospectus. 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LLC, 1585 Broadway, New York, New York 10036, Attention: Global Debt Advisory Group, Collect: (212) 761-1057, Toll Free: (800) 624-1808, Email: lmny@ and Wells Fargo Securities, LLC, 550 South Tryon Street, 5th Floor, Charlotte, North Carolina 28202, Collect: (704) 410-4235, Toll Free: (866) 309-6316, Email: liabilitymanagement@ Attention: Liability Management Group, respectively. Important Information about the Exchange Offers The Exchange Offers and Consent Solicitations were made solely pursuant to a Registration Statement on Form S-4 (the "Registration Statement") and related prospectus and consent solicitation statement (as amended or supplemented from time to time, the "Prospectus") relating to the issuance of the New T-Mobile Notes filed with the Securities and Exchange Commission. The information in this press release is qualified by reference to such Prospectus and the Registration Statement. 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Figma's IPO was a huge hit. Here are the companies betting markets think are next in line to debut.
Figma's IPO was a huge hit. Here are the companies betting markets think are next in line to debut.

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Figma's IPO was a huge hit. Here are the companies betting markets think are next in line to debut.

Figma had a wild market debut on Thursday that generated excitement for more IPOs. Figma's debut follows high-profile IPOs from Circle and CoreWeave earlier this year. With hopes that the IPO market is opening up, betting markets have their eye on the next firms to go public. Figma's wild trading debut on Thursday is generating a lot of excitement for more tech IPOs. After an underwhelming 2024 that saw little in the way of IPO activity, the market has bounced back, with several high profile debuts from, Figma, CoreWeave, and Circle Internet Group. Figma's first day of trading saw a collosal 250% pop, withmomentum carrying into a second day on Friday. But online bettors are already focused on spotting the next major IPO. Here's the list of the stocks most likely to formally announce an IPO this year, according to bettors on Kalshi: Klarna: 83% chance Discord: 45% chance Cerebras Systems: 39% chance Databricks: 30% chance Stripe: 19% chance Klarna has been eyeing an IPO for months. It initially filed to go public in March, but paused due to volatility stemming from President Donald Trump's tariffs. However, sources told Bloomberg this week that it could resume plans for an IPO as soon as September. Meanwhile, the popular social media platform Discord has been seen as a likely IPO candidate since Reddit's debut in March 2024. Reddit soared on Friday, spiking 20% on a strong earnings report, bucking a wider sell-off related to tariff jitters and the job market. Both Cerebras and Databricks have seen their odds bolstered by the debut of CoreWeave this year, an AI infrastructure company that is credited with kicking off the 2025 IPO boom. Despite early post-IPO volatility, the stock has outperformed, up 166% this year. Payments firm Stripe rounds out the list, with investors anticipating its debut for years. Read the original article on Business Insider

AI is already replacing thousands of jobs per month, report finds
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