Latest news with #E.O.
Scoop
3 days ago
- Politics
- Scoop
Imposing Sanctions In Response To The ICC's Illegitimate Actions Targeting The United States And Israel
JUNE 5, 2025 Today, I am designating Solomy Balungi Bossa of Uganda, Luz del Carmen Ibáñez Carranza of Peru, Reine Adelaide Sophie Alapini Gansou of Benin, and Beti Hohler of Slovenia pursuant to President Trump's Executive Order 14203, 'Imposing Sanctions on the International Criminal Court.' These individuals directly engaged in efforts by the International Criminal Court (ICC) to investigate, arrest, detain, or prosecute nationals of the United States or Israel, without consent from the United States or Israel. Neither the United States nor Israel is party to the Rome Statute. As ICC judges, these four individuals have actively engaged in the ICC's illegitimate and baseless actions targeting America or our close ally, Israel. The ICC is politicized and falsely claims unfettered discretion to investigate, charge, and prosecute nationals of the United States and our allies. This dangerous assertion and abuse of power infringes upon the sovereignty and national security of the United States and our allies, including Israel. The United States will take whatever actions we deem necessary to protect our sovereignty, that of Israel, and any other U.S. ally from illegitimate actions by the ICC. I call on the countries that still support the ICC, many of whose freedom was purchased at the price of great American sacrifices to fight this disgraceful attack on our nation and Israel. All targets are being designated pursuant to Executive Order (E.O.) 14203. For more information on today's actions, please see the Department of State's fact sheet and the Department of the Treasury's press release.
Scoop
03-06-2025
- Business
- Scoop
Targeting A Major Backer Of Virtual Currency Investment Scams
Tammy Bruce, Department Spokesperson May 29, 2025 The United States is imposing sanctions on Funnull Technology Inc., a Philippines-based company that provides the critical computer infrastructure for virtual currency investment scams, and its administrator Liu Lizhi, a Chinese national. Fraudulent virtual currency investment scams cause serious financial harm to the American people. Today's targets are directly connected to over $200 million in losses reported by U.S. victims, with an average cost of over $150,000 per individual. The United States will go after those who misuse virtual currencies and internet services to perpetrate fraud and other crimes. We will continue to pursue cybercriminals who abuse the U.S. financial sector. The Department of the Treasury's sanctions actions were taken pursuant to Executive Order (E.O.) 13694, as amended by E.O. 14114.
Business Insider
24-05-2025
- Business
- Business Insider
Sector Spotlight: Trump executive order accelerates support for nuclear energy
Welcome to the latest edition of 'Sector Spotlight,' where The Fly looks at a new industry every week and highlights its happenings. Confident Investing Starts Here: NUCLEAR SECTOR NEWS: President Donald Trump signed orders meant to accelerate the construction of nuclear power plants, including small, newer reactor types. 'We're signing tremendous executive orders today that really will make us the real power in this industry,' Trump said as he signed the directives in the Oval Office, adding that nuclear technology 'has come a long way, both in safety and costs.' Trump was joined by Interior Secretary Doug Burgum, Defense Secretary Pete Hegseth and energy industry executives including Constellation Energy (CEG) CEO Joseph Dominguez and Jake DeWitte, the co-founder and CEO of Oklo (OKLO). Nano Nuclear Energy (NNE) announced the launch of a major irradiation testing program in collaboration with the Massachusetts Institute of Technology Department of Nuclear Science and Engineering. The two-year collaboration will investigate the thermal and radiolytic behavior of nitrate molten salts, commonly referred to as 'solar salts', to assess their viability in advanced nuclear energy systems for thermal energy storage and cooling applications. 'We are proud to support this world-class irradiation study at MIT,' said Jay Yu, founder and chairman of Nano Nuclear. 'Understanding how molten salts perform under radiation is essential to unlocking next-generation reactor designs, and this facility gives us the capabilities to do that without the use of any nuclear materials.' XL Batteries and Prometheus Hyperscale announced a multi-year agreement to deploy on-site long-duration energy storage systems at data centers. In the first phase of the partnership, XL Batteries will deliver and commission a 333 kilowatt demonstration-scale standalone organic flow battery at Prometheus' facility in 2027. After that, Prometheus intends to purchase one 12.5 megawatt / 125 megawatt-hour commercial-scale system in 2028 and an additional 12.5 MW / 125 MWh system in 2029. In May of 2024, Prometheus agreed to a deal to buy 100MW of energy from Oklo for its data center planned for farmland in Wyoming. ANALYST COMMENTARY: Wedbush raised the firm's price target on Oklo to $55 from $45 and reiterated an Outperform rating on the shares. The firm says that it is highly expected that President Trump will sign executive orders as soon as Friday aiming at jump-starting the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains. The E.O. is expected to be a significant tailwind for the industry, with Oklo being the one of the main beneficiaries as support from the U.S. Government has gained significant traction since the Trump Administration took over in the past few months. The company was on track to submit its former combined license application to the U.S. NRC by the end of 2025 and deploy its first commercial power plant at Idaho National Laboratory by the end of 2027, with this E.O. potentially accelerating the timeline through increased federal funding and a much more streamlined regulatory process. Goldman Sachs initiated coverage of Nuscale Power (SMR) with a Neutral rating and $24 price target, implying 1% downside from current levels. NuScale is a small modular reactor manufacturing company which will be an 'integral player in the global race to decarbonization,' the analyst told investors in a research note. The firm believes Nuscale Power provides investors with an attractive opportunity to invest in a pure play nuclear small modular reactor manufacturer which has first mover advantage. However, citing its new technology, licensing process, 'unproven' business model, and financial targets that remain uncertain, Goldman is taking a more balanced view on the stock at current valuation levels. Additionally, Goldman Sachs assumed coverage of Cameco (CCJ) with a Buy rating and $65 price target. The firm's view of accelerating nuclear energy growth, driven by existing as well as new reactor builds, in the backdrop of 'a relatively modest supply growth environment' positions it to be more bullish on the upstream portion of the value chain, with upstream uranium producers and fuel suppliers like Cameco poised to benefit from increasing demand as well as pricing tailwinds, the analyst noted. Raymond James lowered the firm's price target on NexGen Energy (NXE) to C$12 from C$12.50 and keeps an Outperform rating on the shares. Oklo reported Q1 earnings and provided several key operational updates, including that it completed borehole drilling for site characterization work at Idaho National Laboratory for its first Aurora Powerhouse, B. Riley told investors. The firm noted that OpenAI CEO Sam Altman last month stepped down as chairman of Oklo's board, and says this move could accelerate Oklo's ability to work with OpenAI by avoiding a conflict of interest in discussions between the companies. B. Riley sees a potential OpenAI deal as a meaningful positive catalyst for the stock. The firm has a Buy rating and $58 price target on Oklo shares.
Yahoo
15-05-2025
- Politics
- Yahoo
'Assume You're Dead Wrong': Supreme Court Justice Rips Trump DOJ
Supreme Court Justice Elena Kagan railed against the Trump administration's attack on birthright citizenship during oral arguments before the court on Thursday. U.S. Solicitor General D. John Sauer argued that Trump's executive order restricting birthright citizenship prevents 'the percolation of novel and difficult legal questions,' while the courts are operating 'asymmetrically' by 'forcing the government to win everywhere.' Sauer also posited that the courts can only grant relief to individual plaintiffs. 'Let's just assume you're dead wrong,' Kagan replied to the solicitor general. 'Does every single person that is affected by this E.O. have to bring their own suit? How do we get to the result that there is a single rule of citizenship that is the rule we have historically applied rather than the rule that the E.O. would have us do?… How else are we going to get to the right result here, which is on my assumption that the E.O. is illegal?' Kagan continued to chide Sauer. 'You're losing a bunch of cases: This guy over here, this woman over here—they'll have to be treated as citizens, but nobody else will. Why would you ever take this case to us (on the merits)?' she asked. 'I'm suggesting that, in a case where the government is losing constantly, there's nobody else who is going to appeal, they're winning—it's up to (the government) to decide to take this case to us. If I were in your shoes, there's no way I'd approach the Supreme Court with this case. So you just keep on losing in the lower courts, and what's supposed to happen to prevent that?' Justice Ketanji Brown Jackson also provided input. 'Your arguments seem to turn our justice system—in my view, at least—into a 'catch me if you can' regime from the standpoint of the executive, where everybody has to have a lawyer and file a lawsuit in order for the government to stop violating people's rights,' she said. 'Let's assume for the purpose of this that you are wrong about the merits, that the government is not allowed to do this under the Constitution. Yet, it seems to me that your argument is, 'We get to keep on doing it until everyone who is potentially harmed by it figures out how to file a lawsuit and hire a lawyer.' I don't understand how that is remotely consistent with the rule of law.'
Scoop
10-05-2025
- Business
- Scoop
Third China-Based 'Teapot' Refinery Designated For Violating Iran Sanctions
The United States is sanctioning China-based independent 'teapot' refinery Hebei Xinhai Chemical Group Co., Ltd. and three oil terminal operators for their role in purchasing or facilitating the delivery of hundreds of millions of dollars' worth of Iranian oil. Additionally, the United States is designating numerous firms, vessels, and vessel captains involved in facilitating the transportation of Iranian oil to China as part of Iran's 'shadow fleet,' which funds Iran's destabilizing behavior and support to terrorist proxies. This is the United States' third action against a China-based independent teapot refinery since President Trump issued National Security Presidential Memorandum 2 on February 4, 2025. So long as Iran attempts to generate oil revenues to fund its destabilizing activities, the United States will hold both Iran and all its partners in sanctions evasion accountable. Today's action is being taken pursuant to Executive Order (E.O.) 13902, which targets Iran's petroleum and petrochemical sectors, and E.O. 13846, which targets Iranian petroleum exports. This action also marks the latest round of sanctions targeting Iranian oil sales since the President issued National Security Presidential Memorandum 2 (NSPM-2), instituting a campaign of maximum pressure on Iran.
