Latest news with #Hess
Indianapolis Star
a day ago
- Health
- Indianapolis Star
IU School of Medicine opens $230 million education, research building amid NIH cuts
As medical schools around the country face potentially drastic cuts in federal funding for research, the IU School of Medicine unveiled a $230 million new Medical Education and Research Building on June 27. The 11-story building, which will officially open to IU medical students Aug. 4, houses new classrooms, an anatomy lab, a surgical skills center, dedicated community spaces and an eight-story research tower. Construction for the project began in late 2022, and is part of the new Indy Health District. IU Health funded $145 million of the project. In recent months President Donald Trump's plan to trim $18 billion of the National Institutes of Health's budget next year have left several research universities unsure of their futures. The IU School of Medicine, which touts itself as the largest medical school in the U.S., was granted more than $248 million by the NIH for research in 2024. Thursday IUSM Dean Jay Hess said that while the potential for funding cuts worries him, he remains confident in the value of the medical school's research. In addition to medical breakthroughs, IU estimates it created $635 million of economic activity and more than 2,400 jobs in Indiana last year thanks to its NIH-funded research. 'I think everyone in academic medicine right now is really, really concerned,' Hess said. 'I think that we're really trying to focus on, you know, 'What is the output of the research that we do?' And I have seen firsthand as a dean, clinical trials and medical research is actually — people are alive who would have died.' Hess said the lab space in the building, located on 14th Street west of Senate Avenue, will likely be dedicated to neuroscience research. The facility could continue work by the Indiana Alzheimer's Disease Research Center, which has been awarded more than $50 million in NIH funding, as well as research on Parkinson's disease or brain cancers. The facility will also incorporate new medical technologies into the classrooms, replacing many classrooms located in the former medical education building constructed in 1958. The new building includes spaces for students to learn how to practice telemedicine, work in settings that mirror operating rooms, perform ultrasounds on simulated patients and more. Students and staff said the new space would promote peer relationships for medical students, with designated spaces for the medical school's 12 'Professional Learning Communities.' Those learning communities help students support one another in the challenging environment of medical school, said Myke Spencer, a fourth-year medical student. 'I think the learning communities can be like small pods for students to be in smaller groups to collaborate and learn and feel kind of like a family,' Spencer said.
Yahoo
3 days ago
- Business
- Yahoo
Barclays Maintains Equalweight on Chevron (CVX), Hess Acquisition Improves Outlook
Chevron Corporation (NYSE:CVX) ranks among the top stocks for an early retirement portfolio. On June 18, Barclays maintained its Equalweight rating on Chevron Corporation (NYSE:CVX) with a $152 price target. Pixabay/Public Domain Given Chevron's organic growth since 2023, the research firm stated that the Hess acquisition is now 'modestly accretive to CVX's cash flow multiples and leverage albeit still dilutive on FCF yield.' According to the firm's analysis, the Hess deal, which has drawn attention from investors, now offers Chevron Corporation (NYSE:CVX) a marginally better financial picture than previous projections. Chevron Corporation (NYSE:CVX) has also acquired over 125,000 net acres of lithium-rich property in Southwest Arkansas and Northeast Texas, marking a strategic entry into the lithium market. The company took the first step toward building a domestic lithium company on a commercial scale with the acquisition of TerraVolta Resources and East Texas Natural Resources LLC. Chevron Corporation (NYSE:CVX), based in San Ramon, California, is a major American global energy company that specializes in the oil and gas industry. Founded as the Standard Oil Company of California, it is the second-largest direct descendant of Standard Oil. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
Hess Corporation (HES): A Bull Case Theory
We came across a bullish thesis on Hess Corporation (HES) on Hidden Market Gems' Substack. In this article, we will summarize the bulls' thesis on HES. Hess Corporation (HES)'s share was trading at $140.58 as of 11th June. HES's trailing and forward P/E were 18.95 and 24.21 respectively according to Yahoo Finance. Aerial view of an oil rig in the sea waters, reflecting the company's involvement in the oil and gas markets. Hess Corporation stands out as a resilient veteran in the energy sector, maintaining its growth trajectory despite market volatility and cyclical pressures. Often likened to an old sea wolf, Hess embodies the grit and strategic discipline required to navigate the complexities of global energy markets. The company continues to reaffirm its long-term production and investment outlook, signaling confidence in the durability of its asset base and capital allocation strategy. Currently trading below intrinsic value, Hess presents an attractive opportunity for investors seeking exposure to an eventual energy rebound. Its operational footprint, particularly in high-return regions like the Guyana basin, positions it well for sustained production growth and cash flow generation. Moreover, while traditional hydrocarbons remain its core business, Hess is not ignoring the broader energy transition. The company is gradually integrating renewables and lower-carbon initiatives into its long-term planning, which could catalyze future revaluation as ESG considerations gain more weight among institutional investors. The dual appeal of near-term cash flow strength and long-term optionality in green technologies enhances its risk/reward profile. For investors willing to endure sector volatility, Hess offers a compelling mix of undervaluation, operational momentum, and potential strategic upside in a world that still depends heavily on reliable energy infrastructure. We previously highlighted a bullish thesis on Occidental Petroleum (OXY) by Magnus Ofstad, emphasizing undervaluation, Permian Basin strength, and carbon capture potential. The stock price has appreciated by roughly 4% since our recent coverage. Hidden Market Gems' thesis on Hess Corporation (HES) echoes this optimism, focusing on Guyana-led growth and ESG upside. Both offer energy rebound exposure, with Hess reflecting steadier execution and OXY offering deeper value. Hess Corporation (HES) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 80 hedge fund portfolios held HES at the end of the first quarter which was 92 in the previous quarter. While we acknowledge the risk and potential of HES as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Wales Online
5 days ago
- General
- Wales Online
I was clearing a relative's house when I found a photo of them with Hitler's deputy
I was clearing a relative's house when I found a photo of them with Hitler's deputy Rudolf Hess, Hitler's deputy, lived for several years with relative freedom in Abergavenny, staying at a military hospital but regularly being seen out and about in the area A patient, believed to be high-ranking Nazi Rudolf Hess, pictured in bed at Maindiff Court Military Hospital in Abergavenny (Image: René Butler ) While clearing out a relative's house in Abergavenny I came across an old photograph that, to my eyes, looked like it could be Rudolf Hess, Hitler's infamous deputy, on a ward at Maindiff Court Military Hospital on the outskirts of Abergavenny. Curious, I posted it to Abergavenny Voice Facebook group. Within hours the post sparked more than 200 reactions and a flood of memories passed down generations. Hess was held at Maindiff Court from June 1942 until October 1945 following his bizarre solo flight to Scotland in May 1941 in an apparent attempt to negotiate peace with Britain. He was arrested after parachuting into a field near Glasgow, briefly imprisoned in the Tower of London, and eventually transferred to Abergavenny, where he was placed under psychiatric care overseen by doctors such as Kurt Anthony Graf, the man on the right of the picture I found. Hess had two rooms at Maindiff Court, knocked through to create his private living quarters, with another room next door for his guards. He had access to a private compound, which was the size of a tennis court, where he would walk, write, and draw at a small outdoor table. Article continues below Although technically a prisoner Hess enjoyed surprising freedom and this is where Abergavenny's collective memory really comes alive. 'He used to walk past my grandparents' house on the Mardy,' Abergavenny local Rebecca Cole recalled. 'He was flanked by two guards with rifles. They'd head into the fields at the top of Poplars Road. My dad remembered stopping to watch them as a boy.' Simon Jones said: 'My grandad would take him out to paint the landscape when he worked at Maindiff.' Another commenter added: 'Hess often trekked up Sugar Loaf Mountain and Skirrid Fawr to paint watercolours, always accompanied by guards.' Emily Bailey said: 'My great-granny was one of the housekeeping staff at Maindiff when he was there. 'She used to talk of him lots – they'd have long conversations. After my grandparents passed we even found letters from him to her. I'm not sure what happened to them.' Others spoke of him being escorted into town by armed guards for a quiet pint at the King's Arms or at the Old Mitre Inn in nearby Llantilio Pertholey. One local's grandfather was Hess's dentist. Another said her great-aunt, a nurse at Maindiff, had been terrified to treat him at first but soon found him 'quiet, formal, polite – not what you'd expect'. And the man in the photograph I found? It is hard to verify. On closer inspection I have doubts. Historians are unsure too but that hardly matters. The post unearthed something far more enduring – shared memories passed down through generations of a time when global history brushed up against everyday life in a quiet Welsh town. Maindiff Court is now part of the NHS. Many who pass by might not realise its unusual wartime past. But framed by mature trees and rolling hills the grounds still look much as they did in the 1940s when one of Hitler's closest confidants was quietly living behind its gates. The Abergavenny Museum holds several objects linked to Hess' time in the area including a signed beer mat he reportedly gave to a local brewery. Whether it was a token of gratitude or something more peculiar is unclear but it remains one of the museum's most unexpected and talked-about exhibits. Article continues below The British government always kept Hess' location a closely-guarded secret for security reasons but Abergavenny locals knew the truth: a high-ranking Nazi was living among them, walking openly through their town. After leaving Wales Hess stood trial at Nuremberg where he was sentenced to life imprisonment. In 1947 he was transferred to Spandau Prison in Berlin where he remained until his death in 1987. The Abergavenny Local History Society offers further details and accounts of Hess' time in the town.
Daily Record
20-06-2025
- General
- Daily Record
Scottish castle that once held infamous Nazi now reclaimed by nature
The historic Stirlingshire castle has fallen into ruin. New photographs show a Scottish castle that once housed an infamous, high-ranking Nazi. As seen in the images, the castle has been reclaimed by the surrounding nature. Situated near Drymen in Stirlingshire, Buchanan Castle was constructed in the 1850s. It acted as the home of the Montrose family until 1925. The castle was then sold, before opening as a hotel in 1930—with plans to implement a golf course. However, once World War Two broke out, these plans were abandoned and Buchanan Castle was repurposed as a hospital. On May 10, 1941, Rudolf Hess flew to the UK in a self-described mission to negotiate peace. However, the plane carrying the Deputy Führer to Adolf Hitler ran out of fuel and he parachuted to the ground. Hess was taken to Buchanan Castle and treated. He was then transported to the Tower of London, before being relocated to Mytchett Place in Surrey. Following a suicide attempt, Hess was moved to Maindiff Court Hospital. He then surrendered, and was moved to Nuremberg to face trial for war crimes in May 1945. After the war, Buchanan Castle briefly acted as the Army School of Education. However, after the roof was removed and parts of the castle were demolished in 1954, it began to fall into ruin. Proposals were put forth in 2002 and 2004 to convert the castle into apartment accommodation, but these were both denied. Today, while Buchanan Castle remains a B-listed building, signs around the site warn visitors not to enter for their own safety. The abandoned building has now been reclaimed by nature. The ruins have become overgrown by trees and vines in the years since its heyday. Read on for a collection of photos of Buchanan Castle as it appears today. More On World War 2 History Heritage Photography Stirling Albion FC
