Latest news with #PuertoRican
The Hill
5 hours ago
- Business
- The Hill
Puerto Rico is Trump's perfect partner in reshoring
President Trump recently signed an executive order to bring pharmaceutical manufacturing back to the U.S. by streamlining the process for the Food and Drug Administration to approve pharmaceutical manufacturing plants. This is the latest in the Trump administration's agenda to protect national security and create American jobs by promoting the reshoring of critical supply chains that Americans rely on every day. These efforts are coupled with international tariffs to encourage domestic manufacturing. Reshoring pharmaceutical manufacturing is not only dire for American national security, but it could have resounding economic impacts across the country. One U.S. jurisdiction that is ready and in a perfect position to partner in this effort is Puerto Rico, where pharmaceutical manufacturing is already a more than $50 billion industry. With complementary efforts underway in Congress and on the island, the White House should look to Puerto Rico as America's pharmaceutical powerhouse while not trapping the island in its current territory status by hindering a future transition to statehood that would further boost the island's manufacturing ability. As a territory, the island is part of the U.S. customs zone and is not subject to U.S. tariffs, and everything that is made in Puerto Rico is 'Made in the USA.' Yet, that same territory status has limited Puerto Rico's economic development by creating persistent uncertainty, underinvestment and an unequal playing field for economic competition. The territory status is unpopular on the island, and Puerto Rican voters have voted in favor of statehood four consecutive times, most recently last November. Trump and Congress have the opportunity of a generation to leverage the pharmaceutical infrastructure and workforce in Puerto Rico to achieve their agenda while also turbocharging the economy on the island, and they have the perfect ally in Puerto Rico to do it with — the island's Republican Gov. Jenniffer González-Colón. González-Colón is leading an ambitious agenda to reshape the national narrative about the island and its people — and ultimately achieve statehood for Puerto Rico. Aligning with the Trump administration's vision to reshore advanced manufacturing of critical products, she issued an executive order in late March and reached out to top White House officials to offer Puerto Rico's well-established, yet currently underutilized, manufacturing capacity as an economic engine to help grow American prosperity. González-Colón's executive order promotes the relocation of overseas manufacturing of pharmaceuticals and other products to Puerto Rico. Much like Trump's executive order, it eliminates barriers and streamlines the process for businesses to move to the island. This action is complementary to the Medical Manufacturing, Economic Development and Sustainability Act, which was recently reintroduced and incentivizes pharmaceutical manufacturing on the island and throughout economically distressed zones across the United States. The bill is designed to attract business to the island in a way that invests in the people of Puerto Rico. It does this by providing an incentive for medical manufacturing facilities to relocate to economically distressed zones, with an incentive dependent on the number of jobs created to ensure money is flowing back into communities. The incentive itself is based on economic factors and applies to communities throughout the United States — an appropriately wide scope that comports with Trump's strong desire to reshore large amounts of production in a short time frame. By tethering the tax credits to what manufacturers invest directly into wages, salaries and real middle-class benefits, the proposal creates good-paying, quality American jobs. Reshoring to Puerto Rico would mean that critical pharmaceuticals and medical devices, as well as other products that are currently manufactured overseas in China and other nations, would now be produced in America. This would create thousands of well-paying manufacturing jobs that Puerto Rico needs to turbocharge the modest economic progress it's made in recent years. The increased consumer demand on the island would help boost the approximately $70 billion in annual interstate commerce, resulting in more jobs and profits stateside. Puerto Rico is a natural partner in reshoring the medical and pharmaceutical manufacturing industry within U.S. borders. The island's leaders share in the White House's vision of a more prosperous pharmaceutical manufacturing industry and are working to ensure reshoring efforts do not trap Puerto Rico in its current territory status but instead enable it to reach its full potential as an engine of economic growth and prosperity as a future state of our Union. Manufacturing makes America stronger, especially when it lifts up communities and the hard-working American citizens that make 'Made in the USA' a possibility, including those in Puerto Rico.
Hindustan Times
21 hours ago
- Entertainment
- Hindustan Times
Stage set for Miss World pageant in Hyderabad, 108 contestants from around globe to compete today
The stage is set for the grand finale of the 72nd Miss World pageant at the HITEX Exhibition Centre in Hyderabad on Saturday evening, the organisers said in a statement on Friday. After a month of purpose-driven activities, cultural immersion, and inspiring challenges across Telangana, as many as 108 contestants from around the world will compete for the crown of 'Miss World' in a spectacular celebration of beauty, purpose, and unity, the organisers added. The grand finale will be hosted by Puerto Rican musician and model Stephanie del Valle Diaz (Miss World 2016) alongside acclaimed Indian presenter Sachin Kumbhar. Adding to the glamour, Bollywood stars Jacqueline Fernandez and Ishaan Khatter are slated to deliver captivating performances. Renowned Bollywood actor and philanthropist Sonu Sood will receive the prestigious Miss World Humanitarian Award. He will also act as a judge. Another judge will be businesswoman and global ambassador for Beauty With a Purpose 2025 Sudha Reddy, who graciously hosted the 'Beauty With a Purpose' event earlier. 'Also joining the judging panel is Dr Carina Tyrrell, Miss United Kingdom 2014, a public health physician, philanthropist, investor, and Fellow at the University of Cambridge. Julia Morley CBE, chairwoman of Miss World, will be heading the jury and announce the winner of the 72nd Miss World,' the statement said, adding that Manushi Chhillar, Miss World 2017 and Bollywood actress, will be the special guest. As per the Miss World Selection format, the 108 contestants will first be presented to the world, setting the stage for an exciting competition. From there, 10 semi-finalists from each continental region (Americas and Caribbean, Africa, Europe, Asia and Oceania) will advance to the next level. From 10 semi-finalists in each continent, the group will be narrowed down to a Top 5, then to Top 2, and finally to 4 continental winners, who will answer a final question before the new Miss World is elected. The Grand Finale will conclude with the crowning of the new Miss World by the reigning titleholder, Krystyna Pyszková, the 71st Miss World, who was crowned last year in Mumbai, the statement added.
Yahoo
a day ago
- Entertainment
- Yahoo
Rep. Alexandria Ocasio-Cortez Praises Bad Bunny for ‘Political' Album ‘Debí Tirar Más Fotos'
What does Alexandria Ocasio-Cortez listen to when she's fighting for change or passing legislation on Capitol Hill? A lot of Bad Bunny, as it turns out. In a new interview with Rolling Stone published Friday (May 30), the politician opened up about policy, the Donald Trump administration and, of course, her favorite tunes. 'I have had the Bad Bunny album on repeat,' she told the publication, referencing 2025's four-week Billboard 200 chart-topper Debi Tirar Mas Fotos. More from Billboard YoungBoy Never Broke Again Pardoned by President Trump: 'Thank You to Everyone Who Believed in Me' The Amity Affliction Cover Turnstile's 'Holiday' for 'Like a Version' Mariah Carey Celebrates 20 Years of 'The Emancipation of Mimi': Stream It Now 'As a Puerto Rican, the album is very cathartic, and it's very political,' AOC continued. 'It speaks to a lot of what's happening to us and our people right now.' The New York native added that she loves how the rapper is 'bringing salsa back.' 'Rauw Alejandro is doing that, too,' she noted. 'I'm a big salsa person. It's such a nice outlet. I like it because the lyricism is so dramatic. Everyone's breaking up, everyone's got the love of their life. It's so funny.' AOC's praise of the 'Titi Me Pregunto' artist comes as he's gearing up to tour the globe in support of his new album, traveling around Latin America, Asia, Australia and Europe. He's also been breaking numerous sales records while he's at it, from becoming the first Latin act to ever sell out a stadium concert in Australia to selling all-time high amounts of tickets in France, Italy, Poland, Portugal and Sweden for a Latin artist. Other than his upcoming residency in Puerto Rico, however, Bunny is notably skipping the United States on his tour. When asked for her thoughts, Ocasio-Cortez told RS, 'We just don't have figures like that anymore.' 'I think about the Civil Rights Movement, and I think about people like Harry Belafonte and all of these artists who really did risk everything, risk their careers and their popularity in order to support and take part in people's movements, and to use their art … it's more rare now, or at least it feels that way,' she continued. 'I wasn't around then. The pressures of the industry are to be as broad as possible. When you have someone who does something gutsy like that, first of all, people come through for it, and it's super compelling.' To the representative's point about Bunny being political, the three-time Grammy winner is also active in politics outside of his music. In the 2024 U.S. election, he supported Kamala Harris' campaign for president, boosting her messaging about what was at stake for Puerto Rican voters. Several other Latin stars — including Luis Fonsi, Marc Anthony and Ricky Martin — also expressed support for Harris, though others backed Trump. In September, AOC dissed Nicky Jam and Anuel AA for endorsing the twice-impeached POTUS during a congressional hearing. 'I suppose that puts you and Nicky Jam and Anuel in the same boat,' she told Mark Krikorian, the executive director of the far-right Center for Immigration Studies, after he claimed not to remember Trump saying he wanted to 'sell' Puerto Rico. Best of Billboard Chart Rewind: In 1989, New Kids on the Block Were 'Hangin' Tough' at No. 1 Janet Jackson's Biggest Billboard Hot 100 Hits H.E.R. & Chris Brown 'Come Through' to No. 1 on Adult R&B Airplay Chart
Eater
a day ago
- Business
- Eater
A New Italian Spot Hopes to Comfort Lincoln Park After The End of Tarantino's 30-Year-Run
Another Lincoln Park stalwart fell by the wayside when Tarantino's closed in March, ending three decades along Armitage Avenue. The neighborhood's restaurant scene has seen changes in recent times, and three decades seems to be a magic number. Pizza Capri closed its own 30-year run earlier this year when it moved to Avondale. Goose Island Beer Co. moved on from its original brewpub, relocating to the Salt Shed earlier in 2024 after a 35-year run on Clybourn. As Tarantino's wished farewell to its clientele, word spread that Cornerstone Restaurant Group planned to open a new project in the space. Cornerstone's Chicago-area restaurants include chef and partner Bill Kim's Urbanbelly, The Table at Crate, and Bill Kim's Ramen Bar inside Time Out Market Chicago. Cornerstone is also known for its partnership with Michael Jordan, running MJ's Mag Mile steakhouse, plus locations across the country and South Korea. In Lincoln Park, the company wants to retain Tarantino's customers and lure new ones with Dimmi Dimmi Corner Italian, pegged for a summer opening at 1112 W. Armitage Avenue. Executive chef Matt Eckfield worked with Kim, splitting about 13 years at Belly Shack (the chef's shuttered Puerto Rican and Korean restaurant in Bucktown) and Belly Q (the shuttered Korean barbecue-style spot in West Loop). Eckfield left Chicago for New York's Major Food Group, working as one of the conglomerate's executive chefs, spending nearly 12 years with its famous Italian American brands like Carbone, Contessa, and ZZ's Club. Eckfield is hopeful to make use of produce from Green City Market, the farmers market held weekly in the summer, just east of the restaurant and toward the lake. Eckfield wouldn't spill on menu specifics other than saying customers, including Tarantino's regulars, will recognize the food. Expect a mix of pastas made on premises and seasonal veggies. There will be sandwiches. Eckfield is excited to pump out some focaccia, saying that while most anyone can make the flatbread, few folks can bake focaccia that actually tastes good. 'There's not going to be tweezer work,' the chef says. Former Boka Restaurant Group pastry chef Casey Doody is handling dessert recipes with gelato, cakes, and more. So Lincoln Park is experiencing a renaissance. Dimmi Dimmi, which means 'tell me, tell me,' in Italian, should open in late July or early August. Another notable nearby opening comes near the busy Halsted and Clybourn intersection, where a group of experienced restaurant veterans is working on Brick & Mortar inside the former Golden Ox and Burger Bar space. Dimmi Dimmi Corner Italian , 1112 W. Armitage Avenue, planned for a late July or early August opening Sign up for our newsletter.
Yahoo
a day ago
- Business
- Yahoo
Here is Why New Fortress Energy (NFE) Fell This Week
The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 8.82% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A cutaway view of a modern energy infrastructure and its power generation facilities. New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. New Fortress Energy Inc. (NASDAQ:NFE) continues to plunge after posting a wide earnings miss in its Q1 2025 earlier this month, struggling with weak performance across all its segments. The company's loss of $0.73 per share was significantly worse than market expectations, while its revenue also declined by over 31% YoY and fell below estimates. Investors also reacted negatively when it was revealed this week that the company has been disqualified from an auction held by the Puerto Rican government to secure temporary power generation. However, the latest blow for New Fortress Energy Inc. (NASDAQ:NFE) has come in the form of a notice it received from NASDAQ on non-compliance with the stock market's listing rule for not submitting its quarterly reports with the U.S. Securities and Exchange Commission. While we acknowledge the potential of NFE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NFE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. 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
