governance – The News Desk

A Top Penn Entertainment Shareholder Seeks Board Seats

28Dec

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Money

A Top Penn Entertainment Shareholder Seeks Board Seats

Updated Dec. 28, 2023 8:18 am ETA top shareholder in Penn Entertainment is seeking seats on the casino operator’s board. The hedge fund HG Vora Capital Management, which has an 18.5% economic interest including swaps, is in talks with Penn about placing directors on the company’s board, according to a securities filing made on Thursday, which didn’t say how many. (Its latest 13F filing revealed an 11% stake in Penn.) Should the talks not lead anywhere, the fund might pursue a proxy fight, according to people familiar with the matter. The Wall Street Journal earlier reported on HG Vora’s position. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

28Dec

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Business

Treasury Drops a Hydrogen Bomb

President Biden’s climate policy contradictions keep piling up. Witness the family feud that blew up late last week between the renewables lobby and green groups over the Biden Administration’s new proposed rules for the Inflation Reduction Act clean hydrogen tax credit. The IRA created a new tax credit for producing clean hydrogen from low-emissions sources. The climate lobby envisions clean hydrogen someday replacing fossil fuels in airplanes, long-distance trucking, shipping, and steel and fertilizer manufacturing. The dispute is over how the government should define “clean.” Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

New York Times Sues Microsoft and OpenAI, Alleging Copyright Infringement

27Dec

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World

New York Times Sues Microsoft and OpenAI, Alleging Copyright Infringement

Updated Dec. 27, 2023 2:19 pm ETThe New York Times sued Microsoft and OpenAI for alleged copyright infringement, touching off a legal fight over generative-AI technologies with far-reaching implications for the future of the news publishing business.In a complaint filed Wednesday, the Times said the technology companies exploited its content without permission to create their AI products, including OpenAI’s humanlike chatbot ChatGPT and Microsoft’s Copilot. The tools were trained on millions of pieces of Times content, the suit said, and draw on that material to serve up answers to users’ prompts. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

27Dec

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Technology

New York Times Sues Microsoft and OpenAI, Alleging Copyright Infringement

Updated Dec. 27, 2023 12:21 pm ETThe New York Times sued Microsoft and OpenAI for alleged copyright infringement, touching off a legal fight over generative-AI technologies with far-reaching implications for the future of the news publishing business.In a complaint filed Wednesday, the Times said the technology companies exploited its content without permission to create their AI products, including OpenAI’s humanlike chatbot ChatGPT and Microsoft’s Copilot. The tools were trained on millions of pieces of Times content, the suit said, and draw on that material to serve up answers to users’ prompts. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

BOJ to Mull Policy Shift If Sustainable 2% Inflation Becomes Certain, Ueda Says

26Dec

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World

BOJ to Mull Policy Shift If Sustainable 2% Inflation Becomes Certain, Ueda Says

Dec. 25, 2023 7:55 pm ET|WSJ ProTOKYO—Bank of Japan Gov. Kazuo Ueda said the bank would mull a shift away from monetary easing once it becomes confident about achieving its inflation target.“If the virtuous cycle between wages and prices intensifies and the likelihood of achieving the price stability target of 2% in a sustainable and stable manner rises sufficiently, the bank will likely consider changing its monetary policy,” Ueda said in a speech Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

A Long-Shot Climate Bet Suddenly Turns Hot

16Dec

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World

A Long-Shot Climate Bet Suddenly Turns Hot

Updated Dec. 16, 2023 5:53 pm ETIt seemed like a far-fetched idea not that long ago—sucking carbon from the sky to prevent it from warming the planet. Now companies are spending billions of dollars to make it happen.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

14Dec

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World

ESG Roundup: Market Talk – WSJ

Updated Dec. 14, 2023 12:33 pm ETThe latest Market Talks covering ESG Impact Investing. Published exclusively on Dow Jones Newswires at 10:00 ET and 17:00 ET.0618 ET – China’s manufacturing costs for solar modules have fallen significantly in the last year, boosting the country’s competitiveness against Europe and the U.S., according to a Wood Mackenzie report. The cost of producing modules has fallen by 42% on year to $0.15 a watt in December, compared with $0.30 a watt in Europe and $0.40 a watt in the U.S., data from the consultancy group shows. “As the world’s solar module powerhouse, China commands 80% of global manufacturing capacity and this is being reflected in soaring domestic installations,” the report says. “This year its domestic solar additions will be double those of the U....

14Dec

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Business

The Phony Climate Promises of COP28

The COP28 climate confab in Dubai didn’t end with white smoke on Wednesday, but Biden climate envoy John Kerry is nonetheless singing hallelujah after nearly 200 countries agreed to “transition” from fossil fuels. The point of the deal is to preserve the West’s illusion that its climate policies are accomplishing something.China and oil-producing countries refused to sign onto an agreement committing to “phase out” fossil fuels. But Mr. Kerry and European leaders insisted that governments at the United Nations summit demonstrate a common purpose to reduce CO2 emissions. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Bill Ackman’s Ruthless Quest to Oust College Presidents

12Dec

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World

Bill Ackman’s Ruthless Quest to Oust College Presidents

Updated Dec. 12, 2023 11:27 am ETAs rumors swirled last week that the University of Pennsylvania’s president was being pressured to resign, billionaire investor Bill Ackman tweeted “One down.” Once it became official, the Harvard graduate turned his attention to the other two university presidents who struggled to condemn calling for the genocide of Jews when testifying before Congress last week. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

12Dec

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Health

California Kills Auto Jobs in Toledo

Sacramento’s crusade to banish fossil fuels isn’t merely destroying jobs in California. It’s harming workers in other states too. On Thursday Chrysler parent Stellantis warned 3,600 auto workers in the Midwest that they could lose their jobs owing to California’s electric-vehicle mandate. Stellantis said it plans to cut a shift at a Jeep plant in Detroit and adjust production at another in Toledo, Ohio, citing “the need to manage sales of the vehicles they produce to comply with California emissions regulations.” The changes, the auto maker added, would provide flexibility in the event “regulations or marketplace allows for an increase in volume” of gas-powered cars.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8