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Trump and Sen. Dave McCormick team up to promote energy investments in Pennsylvania

Trump and Sen. Dave McCormick team up to promote energy investments in Pennsylvania

PITTSBURGH (AP) — President Donald Trump and Sen. David McCormick of Pennsylvania will jointly announce roughly $70 billion of energy investments in the state Tuesday as the president travels to Pittsburgh for a conference with dozens of top executives to promote his energy and technology agenda.
The Pennsylvania Energy and Innovation Summit will be held at Carnegie Mellon University, and it comes as the state's political and business leaders are working to forge the city into a hub for robotics, artificial intelligence and energy.
Trump has repeatedly pledged U.S. 'energy dominance' in the global market, and Pennsylvania — a swing state critical to his wins in 2016 and 2024 — is at the forefront of that agenda, in large part due to its coal industry that the Republican administration has taken several steps to bolster.
Neither the White House nor McCormick's office gave breakdowns of the $70 billion or what the investments entail. Some hints began emerging Tuesday with AI cloud computing firm CoreWeave saying it will spend more than $6 billion to equip a data center in southcentral Pennsylvania and Gradiant saying it will begin commercial production of lithium in 2026 by extracting it from gas drilling wastewater in northeastern Pennsylvania.
McCormick, a Republican first-term senator who is organizing the inaugural event, says the summit is meant to bring together top energy companies and AI leaders, global investors and labor behind Trump's energy policies and priorities. He says the investments will spur tens of thousands of jobs in Pennsylvania.
'Pennsylvania is uniquely positioned because of abundant energy, of incredible skilled workers, technology,' McCormick said in a Fox News interview Monday promoting the summit. 'We need to win the battle for AI innovation in America, and Pennsylvania is at the center of it.'
The list of participating CEOs includes leaders from global behemoths like Blackstone, Bridgewater, SoftBank, Amazon Web Services, BlackRock and ExxonMobil and local companies such as the Pittsburgh-based Gecko Robotics, which deploys AI to bolster energy capacity. Gov. Josh Shapiro, a Democrat, will also attend.
Administration officials speaking at the summit include White House crypto czar David Sacks, Commerce Secretary Howard Lutnick and Energy Secretary Chris Wright. Treasury Secretary Scott Bessent and Interior Secretary Doug Burgum also will attend, McCormick's office said.
In the Fox News interview, McCormick credited his wife, Dina Powell McCormick, with the idea for a summit. Powell McCormick served as Trump's deputy national security adviser in his first term and is a former Goldman Sachs executive who is now at BDT & MSD Partners, a merchant bank.
Pittsburgh is home to Carnegie Mellon University, a prestigious engineering school, plus a growing industry of small robotics firms and a so-called ' AI Avenue ' that's home to offices for Google and other AI firms. It also sits in the middle of the prolific Marcellus Shale natural gas reservoir.
Pennsylvania has scored several big investment wins in recent months, some of it driven by federal manufacturing policy and others by the ravenous need for electricity from the fast-growing AI business.
Nippon Steel just bought U.S. Steel for almost $15 billion, getting Trump's approval after pledging to invest billions alone in U.S. Steel's Pittsburgh-area plants.
Amazon will spend $20 billion on two data center complexes in Pennsylvania, with more to come, while a one-time coal-fired power plant is being turned into the nation's largest gas-fired power plant to fuel a data center campus. Meanwhile, Microsoft says it is spending $1.6 billion to reopen the lone functional nuclear reactor on Three Mile Island under a long-term power supply agreement for its data centers.
Shapiro, elected in 2022, has been pushing for the state to land a big multibillion-dollar industrial project, like a semiconductor factory or an electric vehicle plant.
In his first budget speech, Shapiro — who is viewed as a potential White House contender in 2028 — told lawmakers that Pennsylvania needs to 'get in the game' and warned that it would take money.
He didn't land a mega project, but he instead has worked to play up big investments by Amazon and Microsoft, as well as Nippon Steel, as he prepares to seek a second term.
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Dätwyler Holding AG (VTX:DAE) Interim Results: Here's What Analysts Are Forecasting For This Year
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Yahoo

time8 minutes ago

  • Yahoo

Dätwyler Holding AG (VTX:DAE) Interim Results: Here's What Analysts Are Forecasting For This Year

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Exclusive: Trump Cuts to Hit Rural America Like 'a Tsunami,' Democrat Warns
Exclusive: Trump Cuts to Hit Rural America Like 'a Tsunami,' Democrat Warns

Newsweek

time8 minutes ago

  • Newsweek

Exclusive: Trump Cuts to Hit Rural America Like 'a Tsunami,' Democrat Warns

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Representative April McClain Delaney warned that President Donald Trump's cuts to programs like Medicaid, as well as NPR and PBS, are going to hit rural America like a "tsunami" in an interview with Newsweek. Delaney's Maryland congressional district contains some of the areas that could be hit hardest by Trump's policies. It spans from the state's rural western panhandle, which she says could bear the brunt of new rescission cuts, to the Washington, D.C., suburbs, home to federal workers who have lost their jobs amid the mass firings of federal workers. She first won election to the Sixth District last November, defeating Republican Neil Parrott by about 6 percentage points in a light-blue district that has been competitive in recent elections. Delaney spoke with Newsweek about how she believes cuts in the Republican rescission package and the One Big Beautiful Bill Act would affect constituents in rural areas in the district and across the country. "When you look at all of these funding freezes on our government employees on our national parks, but also Medicaid, SNAP, and then start looking at some of the other rescissions that it's just a tsunami that's about to hit rural America," Delaney said. Photo-illustration by Newsweek/Associated Press/Canva How PBS, NPR Cuts Will Affect Rural America Funding cuts for public media, such as PBS and NPR, which were included in a rescissions package passed by Congress earlier in July, could have devastating impacts on rural Americans, Delaney said. Republicans argued that funding for these programs was a waste of taxpayer dollars and have accused the networks of pushing left-leaning programming. Critics, however, say public funding was a lifeline to communities that relied on their local NPR affiliates for news or PBS for free children's programming. "When you look at the community that really relies on trusted news, one of the last trusted bastions of news is local news," Delaney said. These cuts may have an impact on Amber Alerts and Emergency Broadcast System alerts, she said. Recent flooding in Western Maryland's Allegany County—a rural, conservative county inside Delaney's district—underscores the importance of having robust local radio news, she said. "We had floods in Allegany County, and luckily, because of the emergency alerts, they kept the kids in the school. They didn't release them early. And as the rising waters went, I think, nine feet in 45 minutes, the kids went from the first floor, the second floor to the third floor, luckily were rescued and no one was hurt," she said. "When you think about how alerts are really facilitated by our broadcast stations, particularly these rural communities, it's a pretty big deal." Delaney, who spent much of her career advocating for children in media at nonprofits like Common Sense Media, said cuts to PBS will have consequences for children across the country. "I really look at how this funding will impact rural America in terms of broadcast stations and in particular educational programming for our kids. PBS is really the only free programming, educational programming that these kids receive," she said. "While you might hear some of my GOP colleagues [say] you can stream Sesame Street. Well, I hate to say this, our most disadvantaged kids in rural America, they can't afford to have a streaming Netflix account, much less have rural broadband." Delaney predicted there would be a "significant outcry" from rural Americans if their local stations go under as a result of the cuts and that Democrats would eye the restoration of this funding if they retake control of Congress in the midterms. The loss of these local stations would be a "loss of our community heart," she said, noting that they have historically had community obligations and public interest standards. "I still think there's that residue reporting on the games from the football game at the high school or talking about the local fairs or the rodeo that's going to be in town or what have you," she said. "There is something that's a big community builder. In these smaller stations in rural and even bigger suburban America." Cuts to Medicaid are another challenge facing rural America, she said, noting that one in seven families in her district relies on the program for health care. 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Gen Z professionals are flocking to Ann Arbor instead of big cities
Gen Z professionals are flocking to Ann Arbor instead of big cities

New York Post

time9 minutes ago

  • New York Post

Gen Z professionals are flocking to Ann Arbor instead of big cities

Ann Arbor, Michigan, ranks as the top city for Gen Z professionals, according to a new survey by — an apartment search platform that evaluated 264 US metros. The study narrowed the list to 122 metros by excluding cities with populations under 300,000 or lacking sufficient data. Rankings were based on key Gen Z priorities like affordability, culture, diversity, environment and overall livability. 'We put together this list to help Gen Z grads find cities that offer a balance between rewarding work and a good life,' wrote Mihaela Buzec, the report's author. Metrics included the share of Gen Z residents, education levels, unemployment changes, income and job growth, and a composite livability index that factored in socioeconomics, community dynamics and quality of life. 'Ann Arbor takes the top spot with its college-town appeal and competitive job market,' the report noted. The city is home to the University of Michigan, which drives a steady influx of young talent and cultural activity. Lincoln, Nebraska, and Des Moines, Iowa, followed closely behind. The report highlighted a trend of Gen Z professionals favoring smaller, affordable cities with strong economic foundations and university presence. 'Ann Arbor takes the top spot with its college-town appeal and competitive job market,' the report noted. AP 'We see the shift in Gen Z's preferences from the large urban centers to more livable and affordable destinations,' the report stated. told FOX Business that among the 122 metros that ranked at the bottom were El Paso, TX; McAllen, TX; Memphis, TN; Stockton, CA; and Lafayette, LA. 'These metros ranked at the bottom of the list not necessarily because they are lacking opportunities, but because they do not align with the core values of Gen Z, especially regarding livability factors and the industries that drive the job market,' according to Mihaela Buzec, a senior writer and researcher. Lincoln, Nebraska, ranked among the top cities for Gen-Z professionals. Jacob – 'Specifically, we can look at metros such as Bakersfield (#116), Modesto (#115), or Beaumont (#114), where the main hiring industries are agriculture, oil and gas, or logistics and manufacturing, not the typical industries that Gen Zs orient themselves to,' Buzec said. Buzec explained further that Gen Zs prefer communities that 'offer a high quality of life, with frequent cultural events, diverse entertainment options, and walkable areas,' which many of the metros that ranked low lacked. 'For instance, McAllen, TX, and El Paso, TX, had the two lowest scores for the livability composite index in our analysis (#122 and #121). One key demographic metric that also influenced this positioning is the lower percentage of highly educated Gen Zs from the total young adult population, meaning there is no large driving force for change at the moment in these specific metros,' Buzec said.

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