logo
Illinois finalizes deal for land near Joliet needed for stalled invasive carp prevention project

Illinois finalizes deal for land near Joliet needed for stalled invasive carp prevention project

Yahoo23-05-2025
The state of Illinois on Friday finalized its acquisition of a 50-acre piece of land needed for a project to protect the Great Lakes from invasive carp, construction that has drawn the support of both Gov. JB Pritzker and President Donald Trump.
'This is something that we've been waiting for for over a decade,' Marc Smith, policy director for the National Wildlife Federation, said. 'It's very good progress.'
The state earlier this year postponed construction on the Joliet-area project, with state officials saying they didn't want to move forward because they anticipated a federal funding shortfall. Then, two weeks ago, the Trump administration announced it supported the project and that funding was available, though Pritzker and Trump still managed to snipe at each other at the time.
Midwest Generation, an energy company that had owned the parcel, donated the land after the Illinois Department of Natural Resources approached the company about acquiring the property. Midwest Generation donated the land 'in support of the project,' company spokesperson Erik Linden said.
Acquiring the land, which includes riverbed access for the Brandon Road lock, will help enable construction at the lock and dam there. The work is intended to stop the spread of invasive carp, which could pose a significant threat to the Great Lakes region's native species, ecosystems and billion-dollar fishing and boating industries.
The property transferred Friday is needed to complete the first part of a three-phase project, according to IDNR spokesperson Jayette Bolinski. Additional upland property will eventually also need to be acquired, Bolinski said.
The land transfer that was finalized Friday 'enables ongoing construction to proceed on schedule,' said Don Jodrey, director of federal relations at the Alliance for the Great Lakes.
Trump earlier this month blamed Pritzker for not allowing the project to start, while the federal government, he said, has already begun work on it. The Pritzker administration said it halted the work earlier this year in part because it was worried needed federal funding wouldn't come through, as the Trump administration had pulled back on unrelated projects.
The land had previously been a key sticking point for the project, with some advocates worried it might be contaminated as it's the site of a former coal plant.
The agreement reached on the project included assurances that the land will be safe, Smith said. And the Pritzker administration last year said the state negotiated a deal ensuring taxpayers would not have to pay for remediation costs.
So-called Asian carp, which are invasive across the United States, include silver, bighead, grass and black carp. Silver and bighead carp are particular threats to native species as they have no natural predators in American waterways and likely never will, meaning their populations can grow uncontrollably.
Invasive carp were introduced in the 1960s to get rid of chemicals in aquaculture and other facilities without using chemicals. But after flooding in the 1980s and '90s, they escaped into the Mississippi River basin and spread to 31 states.
Progress on the project has been a long time coming, Smith said. Congress identified the site as a place to deter invasive species in 2015, according to IDNR.
'We've had three presidents, multiple Congresses … two, three governors from Illinois, multiple governors from Michigan' as well as several project managers from the U.S. Army Corps of Engineers, he said. 'With this property secured, construction can move forward.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US jobless claims tick up in latest week; productivity improves in second quarter
US jobless claims tick up in latest week; productivity improves in second quarter

Yahoo

time9 minutes ago

  • Yahoo

US jobless claims tick up in latest week; productivity improves in second quarter

By Dan Burns (Reuters) -The number of Americans filing new applications for unemployment benefits ticked higher last week, suggesting the labor market was largely stable even though job creation is weakening and it is taking laid-off workers longer to find new jobs. Initial claims for state unemployment benefits rose 7,000 to a seasonally adjusted 226,000 for the week ended August 2, the Labor Department said on Thursday. Economists polled by Reuters had forecast 221,000 claims for the latest week. The labor market has slowed, with government data last week showing far fewer jobs were created in July than economists had expected as uncertainty over President Donald Trump's tariffs left businesses wary of adding workers. Moreover, employment gains in the previous two months were revised lower by nearly 260,000, a stunning reversal that prompted Trump to fire the head of the Bureau of Labor Statistics - a move that rattled investors and economists already anxious about the eroding quality of official U.S. economic data. The latest data on new claims indicates employers are not yet turning to large-scale layoffs as the economy loses steam but are managing through attrition. That has helped keep the unemployment rate, at 4.2% in July, relatively low even while job growth has slowed. Declining labor supply amid the White House's immigration crackdown is also helping to stave off a jump in the jobless rate. Employers' hesitancy to increase hiring means there are fewer jobs for those being laid off. The number of people receiving benefits after an initial week of aid, a proxy for hiring, rose to a seasonally adjusted 1.974 million during the week ending July 26, the claims report showed. Meanwhile, the Labor Department also said worker productivity rebounded in the second quarter, easing a surge in labor costs at the start of the year.

Stock market today: Dow, S&P 500, Nasdaq futures rise as Trump hints at chip tariff carveout
Stock market today: Dow, S&P 500, Nasdaq futures rise as Trump hints at chip tariff carveout

Yahoo

time9 minutes ago

  • Yahoo

Stock market today: Dow, S&P 500, Nasdaq futures rise as Trump hints at chip tariff carveout

US stock futures edged higher on Thursday as President Trump's sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. At the same time, Trump's hint of a carveout for coming duties on semiconductors boosted tech for a second consecutive day. Futures attached to the Dow Jones Industrial Average (YM=F) gained 0.6%. Futures attached to the benchmark S&P 500 (ES=F) were up 0.7%, and those on tech-heavy Nasdaq 100 (NQ=F) rose 0.8%. Trump's deadline for trade deals landed at 12:01 a.m. ET on Thursday. Imports from nearly 200 countries now face duties ranging from 10% to 50%, and the overall average effective tariff rate is projected to jump to 18.3%. Read more: The latest on Trump's tariffs Apple (AAPL) shares climbed Thursday in premarket trading as Trump and CEO Tim Cook announced the company would make a $100 billion investment in the US. As part of the deal, Apple will manufacture the cover glasses for iPhones and Apple Watches in Kentucky. The president also revealed at the press conference that he plans to eventually set a 100% tariff on semiconductors. Companies like Apple that commit to building in the US, however, will be exempt from the tariff, he said. Airbnb (ABNB), DoorDash (DASH), and Lyft (LYFT) reported earnings after the bell. DoorDash shares jumped premarket on an upbeat forecast driven by resilient delivery demand. Airbnb and Lyft, meanwhile, fell on disappointing guidance. On Thursday, in addition to grappling with the latest trade policy shifts, Wall Street will receive new data on weekly jobless claims. The state of the labor market is in high focus following a disappointing July jobs report and downbeat revisions to the May and June jobs reports. Intel stock dips as Trump calls for CEO resignation President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported US Republican Senator Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in pre-market trading. Eli Lilly stock falls despite earnings beat as oral GLP-1 pill results disappoint Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Keep an eye on Firefly IPO Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. TSMC hits record; Taiwan says tech giant exempt from US tariffs Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US. Bloomberg News: Read more here. Intel stock dips as Trump calls for CEO resignation President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported US Republican Senator Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in pre-market trading. President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported US Republican Senator Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in pre-market trading. Eli Lilly stock falls despite earnings beat as oral GLP-1 pill results disappoint Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Keep an eye on Firefly IPO Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. TSMC hits record; Taiwan says tech giant exempt from US tariffs Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US. Bloomberg News: Read more here. Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US. Bloomberg News: Read more here.

Trump calls for Intel CEO to 'resign immediately'
Trump calls for Intel CEO to 'resign immediately'

Yahoo

time9 minutes ago

  • Yahoo

Trump calls for Intel CEO to 'resign immediately'

President Trump early Thursday called for the resignation of Intel CEO Lip-Bu Tan in a post on social media. "The CEO of INTEL is highly CONFLICTED and must resign, immediately," Trump wrote on Truth Social, the social media platform he owns. "There is no other solution to this problem. Thank you for your attention to this problem!" Tan was named Intel's CEO back in March, taking over from Pat Gelsinger's tumultuous tenure that saw the company's stock fall and the chipmaker fall behind in the AI race. Investors cheered Tan's appointment, with the stock rising as much as 15% after the news. Intel stock fell over 3% following Trump's post. In April, a Reuters report detailed Tan's wide-ranging investments in Chinese companies made through his VC firm, with the outlet finding that Tan's firm, Walden International, "remains invested in 20 funds and companies alongside Chinese government funds or state-owned enterprises, according to Chinese corporate databases." Trump's post came a day after one of his top allies in the Senate, Republican Tom Cotton, wrote a letter to Intel's board chair questioning Tan's China ties. "Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations," Cotton wrote, pointing to Intel's nearly $8 billion grant from the CHIPS Act. "Mr. Tan's associations raise questions about Intel's ability to fulfill these obligations." This is breaking news. More to come. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store