Author: News Room

Last night, Jon Heyman of the New York Post reported that Blake Snell and the San Francisco Giants are in agreement on a 2-year deal worth $62 million. The deal, as would be expected of a Scott Boras client, has an opt-out after the first year, which essentially makes this a one-year contract. Snell will receive $15 million in 2024, and a $17 million signing bonus that will not be paid until January, 2026. That leaves a $30 million player option for 2025, which Snell will only exercise if he underperforms this season. The deal for Snell was a final…

Subway is ditching Coca-Cola in the US as it switches to rival Pepsi.Under a 10-year agreement, Subway will start selling drinks including Pepsi, Mountain Dew, Tropicana, and Lipton.Subway’s US stores will start making the switch in January 2025. Coke fans, watch out — Subway is ditching the drinks supplier in favor of rival Pepsi in the US. Subway announced on Tuesday that it had signed a 10-year agreement to supply PepsiCo drinks at its US stores from the start of 2025.This means that as well as Pepsi, Subway customers will also be able to get other beverages such as Mountain…

Astronauts may one day be able to hop on a train to travel the moon’s surface.DARPA, the US Defense Department’s secretive research agency, has been tasked with figuring out how to support astronauts who could soon be living on the moon for extended periods.The plans are highly hypothetical — there are currently no permanent structures on the moon at all, and no people have been there since 1972.But the US and other nations want to get people on the moon once again, and that would require futuristic infrastructure to provide reliable power, comms, and transport.As part of this mission, DARPA…

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank cannot commit to a pre-set number of interest rate cuts even after it starts reducing borrowing costs as the pace of cuts will depend on incoming data, ECB President Christine Lagarde said on Wednesday. Many ECB policymakers have expressed support for a first reduction in borrowing costs from their current record highs, most likely in June, with the debate now focused on how many more cuts would follow. But Lagarde appeared to try to dampen such speculation on Wednesday even as she acknowledged that incoming data about wages…

WILMINGTON, Del. – The Chemours Company (NYSE:), a global leader in chemical solutions, announced it has been awarded $60 million in grants from the U.S. Department of Energy (DOE). The funds, part of the Bipartisan Infrastructure Law, will propel the development of advanced membrane technology for proton exchange membrane (PEM) water electrolysis and establish a consortium focused on the circularity of clean hydrogen materials. Chemours will utilize its expertise to innovate a durable, high-performance Nafion™ membrane aimed at enhancing the efficiency of PEM electrolyzer stacks. The project’s objective is to produce cost-effective, scalable solutions to meet the hydrogen industry’s current…

By Timothy Gardner WASHINGTON (Reuters) – Leaders in the emerging Western nuclear fusion industry are convening in Washington, D.C. this week seeking ways to attract more money for research to avoid falling far behind China in the race to develop and build commercially viable reactors. A funding bill signed by President Joe Biden this month contained $790 million for fusion science programs for 2024, below the more than $1 billion backers say is needed. Scientists, governments, and companies are racing to harness fusion, the nuclear reaction that powers the sun, to provide carbon-free electricity. It can be replicated on Earth…

Luxury stocks tumbled in Europe Wednesday after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China. Shares of Kering plunged as much as 15% in Paris, while LVMH, Europe’s second-most valuable company and owner of brands such as Louis Vuitton and Tiffany & Co., was more than 3% lower at one point. Switzerland’s Richemont, which makes Piaget watches, Montblanc pens and Van Cleef & Arpels jewelry, slipped 3%. In London, homegrown British brand Burberry, which also warned of lower profits in January, sank as much as 6% Following…

WTI Oil eases a touch on Wednesday after its five-day winning streak.  Oil traders are seeing earlier bullish bets play out with several supply issues at hand.  The US Dollar Index trades firmly higher ahead of the Fed rate decision.  Oil prices eased slightly on Wednesday, keeping above the $80 level and returning more than 5% gains in five trading days. The recent upside move comes amid increasing supply issues in Russia and the need to refill the US crude stockpile, swirling up demand. The most recent decline, meanwhile, can be attributed to a stronger US Dollar. The US Dollar,…

EOS Network Foundation highlights that its update is an opportune moment to explore the blockchain’s refined capabilities. EOS launches Transferable RAM to make network processes more resource efficient A novel EOS feature, Transferable RAM, is designed to allow users to transfer RAM between accounts without incurring any fees. This innovation addresses the need for more streamlined and effortless RAM management, enabling users to efficiently allocate and reallocate their resources according to their needs. #EOS has introduced updates to its RAM system, enhancing flexibility, efficiency, & overall utility 💾These unlock new dimensions by facilitating innovative applications, more dynamic resource management, &…

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