Equinor's Halted New York Wind Project Is Running Out of Time
Time is running out for Equinor ASA 's halted Empire Wind farm off the coast of New York which is costing the Norwegian oil and gas company $50 million a week.
While work at sea is completely stopped, operations at the South Brooklyn Marine Terminal in New York continue, and there are costs associated with keeping people and equipment on standby, spokesperson Magnus Eidsvold said Monday, confirming figures first reported by the Associated Press.
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Yahoo
an hour ago
- Yahoo
Ameritas names Anthony DiPaola to Hall of Fame
LINCOLN, Neb., June 5, 2025 /PRNewswire/ -- Anthony C. DiPaola of DiPaola Financial Group is the newest member of the Ameritas Hall of Fame. DiPaola will enter the Hall of Fame as a 2025 inductee. The prestigious Hall of Fame award is the highest honor an Ameritas field partner can achieve. The award recognizes people who, over the course of their careers, exhibited outstanding leadership qualities, a commitment to bettering their community, and significant professional contributions to both the insurance industry and to Ameritas. "Being inducted into the Ameritas Hall of Fame is an incredible honor and a testament to the dedication of our entire team," said Anthony DiPaola, CEO of DiPaola Financial Group. "This recognition inspires me to continue mentoring others and delivering the highest level of service to our clients and communities." About Anthony C. DiPaolaAnthony DiPaola is the CEO of DiPaola Financial Group, a New York-based firm offering comprehensive financial services. His career began at Mutual of Omaha, after which he joined Union Central in 2007. Over the next decade, he expanded his reach by opening multiple satellite offices in the New York/New Jersey area and co-founding the National Wealth Group. This collaboration extended the firm's presence to Florida and Texas. As CEO, DiPaola is deeply involved in strategic operations, staff development, and client advisory, ensuring that each office operates efficiently and aligns with the company's high standards. He is also a committed mentor and an active member of professional organizations like the Round Table of New York and GAMA. DiPaola's professional achievements are numerous, including multiple Inner Circle qualifications and leadership roles on several Ameritas sub-committees. Beyond his corporate responsibilities, he is passionate about community service, supporting organizations such as Breakthrough T1D, the American Cancer Society, and the Jimmy V Foundation. A graduate of St. Joseph's College with a Master of Business Administration in finance, Anthony remains engaged with his alma mater. He lives on Long Island with his wife Jeanette and their two children, one of whom has joined the family business. For additional information about this award, visit this link. About AmeritasAmeritas is a marketing name for Ameritas Mutual Holding Company and its affiliated subsidiary companies, including Ameritas Life Insurance Corp, Ameritas Investment Company, LLC, Ameritas Advisory Services, LLC and Ameritas Life Insurance Corp. of New York. Founded in 1887, Ameritas and its subsidiaries offer a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability income insurance; group dental, vision and hearing care insurance; retirement plans; investments; asset management; and public finance. Securities offered through Ameritas Investment Company, LLC, member FINRA/SIPC, and investment advisory services offered through Ameritas Advisory Services, LLC. Visit to learn more. Contact: Derek Rayment, Sr. Media Relations SpecialistAmeritas Life Insurance View original content to download multimedia: SOURCE Ameritas
News24
an hour ago
- News24
'Very disappointed' Trump in stunning live break-up with Musk
Trump says he is 'very disappointed' in Elon Musk after criticism of his tax and spending bill. Musk hits back on X, calling Trump 'ungrateful' and claiming he helped him win the 2024 election. Tesla shares drop 8% as public fallout between the two billionaires rattles markets. Tensions between Donald Trump and Elon Musk exploded into public view on Thursday, as the US president said he was 'very disappointed' by his billionaire former aide's criticisms and Musk hit back in real time on social media. 'Look, Elon and I had a great relationship. I don't know if we will anymore,' Trump told reporters in the Oval Office after Musk slammed his tax and spending mega-bill as an 'abomination'. The world's richest man responded by live-tweeting on his X social media platform as Trump spoke on television, saying that the Republican would not have won the 2024 election without him and slamming him for 'ingratitude.' Where is the man who wrote these words? Was he replaced by a body double!? — Elon Musk (@elonmusk) June 5, 2025 In an extraordinary rant as visiting German Chancellor Friedrich Merz sat mutely beside him, 78-year-old Trump unloaded on SpaceX and Tesla boss Musk in his first comments on the issue. 'I'm very disappointed, because Elon knew the inner workings of this bill better than almost anybody sitting here... All of a sudden, he had a problem,' Trump said when asked about Musk. The clash comes less than a week since Trump held a grand Oval Office farewell for Musk as he wrapped up his time leading the cost-cutting Department of Government Efficiency (DOGE). South African-born Musk, 53, hit back minutes later, saying Trump's claims he had advance sight of the bill were 'false.' 'Whatever,' he added above a video of Trump saying Musk was upset about the loss of subsidies for electric vehicles. Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill. In the entire history of civilization, there has never been legislation that both big and beautiful.… — Elon Musk (@elonmusk) June 5, 2025 Musk then ratcheted up the public spat even further, saying the Republican would have lost the election without his support. He was the biggest donor to Trump's campaign, to the tune of nearly $300 million. 'Without me, Trump would have lost the election,' Musk said on X. 'Such ingratitude.' Tesla shares fell sharply on Wall Street, down 8%, after his comments, in a sign of the huge stakes for a falling out between the world's richest man and its most powerful. 'A little make-up?' A wistful-sounding Trump took reporters through the break-up with Musk on live television, in what at times sounded more like a therapy session than a meeting with a foreign leader. Trump talked about Musk's farewell appearance in the Oval Office on Friday, when he turned up with a black eye that he said was caused by a punch from his son. Musk, at the time, was also facing reports of drug use on the Trump campaign trail. 'You saw a man who was very happy when he stood behind the Oval desk, and even with the black eye. I said, you want a little makeup? We'll get you a little makeup,' Trump said. 'But he said, 'No, I don't think so,' which is interesting and very nice. He wants to be who he is.' Trump said he could understand why Musk was upset with some of the steps he had taken, including withdrawing a nominee to lead the NASA space agency, which the tech tycoon had backed. Through it all, the visiting German chancellor sat silently. Merz had prepared to avoid a repeat of the ambushes that Trump unleashed on the Ukrainian and South African presidents in the Oval Office - but in the end it was Musk that the US president ambushed. At the center of the bitter row is Trump's 'big, beautiful bill' on tax and spending. The centrepiece of his domestic agenda, it aims to continue tax cuts from his first term - and could define his second term and make or break Republican prospects in the 2026 midterm elections. Musk, however, called it a 'disgusting abomination' on Tuesday on the grounds that it will increase the US deficit. A day later, the magnate called for Republicans to 'kill the bill,' and for an alternative plan that 'doesn't massively grow the deficit.'
Bloomberg
an hour ago
- Bloomberg
Bankruptcy Was Good for 23andMe
Sometimes a public company has a controlling shareholder who wants to take it private by buying out all of the other shareholders, and that's always messy. 1 The controlling shareholder will to some extent be negotiating with herself: She will want to buy the company for a low price, but the company's shareholders will want to get a high price, but she's the controlling shareholder and can vote for the low price. There are standard solutions to the problem, but they are only partial solutions: In the past few months, I have written a few times about 23andMe Holding Co. as an illustration of these problems. 23andMe is a publicly traded genetic testing company that was once worth about $6 billion, but it has now fallen on hard times. Its founder, Anne Wojcicki, owns about 49% of the voting power of the stock, making her effectively a controlling shareholder. She offered to buy all the stock she didn't own, to take the company private and fix its problems 'outside of the short term pressures of the public markets.' But the board of directors, whose job was to find an 'actionable proposal that is in the best interests of the non-affiliated shareholders,' didn't think her offer was good enough.
