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Braze Reports Fiscal Third Quarter 2025 ResultsGuest Opinion: Minnesota is about to give a crash course in bipartisanship

VALLEY FORGE, Pa. , Nov. 22, 2024 /PRNewswire/ -- Today, Vanguard announced plans to launch two new ETFs in the first quarter of 2025 intended to help investors manage their short-term liquidity needs. Vanguard Ultra-Short Treasury ETF (VGUS) and Vanguard 0-3 Month Treasury Bill ETF (VBIL) are index ETFs that will offer low-cost Treasury exposure for individual investors and financial advisors. Both new ETFs can serve as part of an investor's liquidity tool kit, as both will offer exposure to U.S. Treasury securities, have short durations and low volatility, and are expected to have tight bid-ask spreads. VGUS will hold Treasuries with maturities less than 12 months, while VBIL will focus on Treasury bills maturing in three months or less. VGUS and VBIL are both expected to launch with an expense ratio of 0.07%, which will position each ETF as the low-cost leader in its respective category. "VGUS and VBIL can be a solution for those who rely on ultra-short bond funds and ETFs to manage their liquidity needs," said Daniel Reyes , Global Head of Vanguard Portfolio Review Department. "These new ultra-short Treasury ETFs fill the gap between Vanguard's money market funds and our existing ultra-short-term bond offerings, enabling investors to build portfolios with greater precision using Vanguard ETFs." The new ETFs will be advised by Vanguard Fixed Income Group, which for more than 40 years has distinguished itself with deep investment capabilities, disciplined index tracking processes, and rigorous risk management techniques. Vanguard Fixed Income Group has been managing index funds since 1986, when it launched Vanguard Total Bond Market Index Fund, the world's first bond index fund. Its world-class fixed income indexing talent is supported by sophisticated technology and investment processes that enable tight tracking for Vanguard's index funds and ETFs. About Vanguard Founded in 1975, Vanguard is one of the world's leading investment management companies. The firm offers investments, advice, and retirement services to tens of millions of individual investors around the globe—directly, through workplace plans, and through financial intermediaries. Vanguard operates under a unique, investor-owned structure where Vanguard fund shareholders own the funds, which in turn own Vanguard. As such, Vanguard adheres to a simple purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success. For more information, visit vanguard.com. A registration statement relating to these securities has been filed with the Securities and Exchange Commission (SEC) but has not yet become effective. The SEC has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is considered a criminal offense. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. For more information about Vanguard funds and Vanguard ETFs, visit vanguard.com or call 800-523-1036 to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing. Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. All investing is subject to risk, including the possible loss of the money you invest. Bond funds are subject to interest rate risk, which is the chance bond prices overall will decline because of rising interest rates, and credit risk, which is the chance a bond issuer will fail to pay interest and principal in a timely manner or that negative perceptions of the issuer's ability to make such payments will cause the price of that bond to decline. U.S. government backing of Treasury or agency securities applies only to the underlying securities and does not prevent share-price fluctuations. Unlike stocks and bonds, U.S. Treasury bills are guaranteed as to the timely payment of principal and interest. © 2024 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor. SOURCE Vanguard

AB conservative politicians fly around while taxpayers pick up the bill

ATLANTA (AP) — President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable. It's unclear whether the administration can complete the loan before Donald Trump becomes president again in less than two months, or whether the Trump administration might try to claw the money back. Trump previously vowed to end federal electric vehicle tax credits , which are worth up to $7,500 for new zero-emission vehicles and $4,000 for used ones. Rivian made a splash when it went public and began producing large electric R1 SUVs, pickup trucks and delivery vans at a former Mitsubishi factory in Normal, Illinois, in 2021. Months later, the California-based company announced it would build a second, larger, $5 billion plant about 40 miles (64 kilometers) east of Atlanta, near the town of Social Circle. The R1 vehicles cost $70,000 or more. The company plans to produce R2 vehicles, a smaller SUV, in Georgia with lower price tags aimed at a mass market. The first phase of Rivian’s Georgia factory is projected to make 200,000 vehicles a year, with a second phase capable of another 200,000 a year. Eventually, the plant is projected to employ 7,500 workers. But Rivian was unable to meet production and sales targets and rapidly burned through cash. In March, the company said it would pause construction of the Georgia plant. The company said it would begin assembling its R2 SUV in Illinois instead. CEO RJ Scaringe said the move would allow Rivian to start selling the R2 sooner and save $2.25 billion in capital spending. Since then, German automaker Volkswagen AG said in June it would invest $5 billion in Rivian in a joint venture in which Rivian would share software and electrical technology with Volkswagen. The money eased Rivian's cash crunch. Tuesday's announcement throws a lifeline to Rivian's grander plans. The company said its plans to make the R2 and the smaller R3 in Georgia are back on and that production will begin in 2028. “This loan would enable Rivian to more aggressively scale our U.S. manufacturing footprint for our competitively priced R2 and R3 vehicles that emphasize both capability and affordability,” Scaringe said in a statement. The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new U.S. sales by 2030. “As one of a few American EV startups with light duty vehicles already on the road, Rivian’s Georgia facility will allow the company to reach production volumes that make its products more cost competitive and accelerate access to international markets,” the department said in a statement. The loan includes $6 billion, plus $600 million in interest that will be rolled into the principal. The money would come from the Advanced Technology Vehicles Manufacturing Loan Program, which provides low-interest loans to make fuel-efficient vehicles and components. The program has focused mostly on loans to new battery factories for electric vehicles under Biden, but earlier helped finance initial production of the Tesla Model S and Nissan Leaf, two pioneering electric vehicles. The loan program, created in 2007, requires a "reasonable prospect of repayment" of the loan. Under Biden, the program has announced deals totaling $33.3 billion, including $9.2 billion for massive battery plants in Tennessee and Kentucky for Ford’s electric vehicles. Democratic U.S. Sen. Jon Ossoff , who has been a vocal supporter of electric vehicle and solar manufacturing in Georgia, hailed Tuesday's announcement as “yet another historic federal investment in Georgia electric vehicle manufacturing.” Ossoff had asked Energy Secretary Jennifer Granholm to support the loan in July. “Our federal manufacturing incentives are driving economic development across the state of Georgia,” Ossoff said in a statement. Georgia Gov. Brian Kemp says his goal is to make Georgia a center of the electric vehicle industry. But the Republican has had a strained relationship with the Biden administration over its industrial policy, even as some studies have found Georgia has netted more electric vehicle investment than any other state. Kemp has long claimed that manufacturers were picking Georgia before Biden's signature climate law, the Inflation Reduction Act, was passed. Efforts to bring Rivian to Georgia predated the Biden administration and "our shared vision to bring opportunity to Georgia will remain no matter who resides in the White House or what party controls Congress,” Kemp spokesperson Garrison Douglas said Tuesday. The loan to Rivian could rescue one of the Kemp administration's signature economic development projects even as Biden leaves office. That could put Rivian and Kemp in the position of defending the loan if Trump tries to quash it. State and local governments offered Rivian an incentive package worth an estimated $1.5 billion in 2022. Neighbors opposed to development of the Georgia site mounted legal challenges. State and local governments spent around $125 million to buy and prepare the nearly 2,000-acre (810-hectare) site. The state also has completed most of $50 million in roadwork that it pledged. The pause at Rivian contrasts with rapid construction at Hyundai Motor Group’s $7.6 billion electric vehicle and battery complex near Savannah. The Korean automaker said in October that it had begun production in Ellabell, where it plans to eventually employ 8,500. Associated Press writer Matthew Daly in Washington contributed to this story.Hayleys Fentons unveils first immersive Experience Centre

Judge: No prison in Uhuru-Russian conspiracy case; ‘This was political speech’Q&A | Recruiting 101

Barclays PLC grew its holdings in Sable Offshore Corp. ( NYSE:SOC – Free Report ) by 342.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,583 shares of the company’s stock after purchasing an additional 60,065 shares during the quarter. Barclays PLC owned about 0.12% of Sable Offshore worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds also recently made changes to their positions in the business. Himalaya Capital Management LLC acquired a new position in shares of Sable Offshore during the third quarter worth approximately $31,735,000. State Street Corp increased its holdings in Sable Offshore by 74.3% during the third quarter. State Street Corp now owns 1,589,395 shares of the company’s stock worth $37,557,000 after buying an additional 677,426 shares during the last quarter. GM Advisory Group LLC raised its holdings in shares of Sable Offshore by 370.3% in the 3rd quarter. GM Advisory Group LLC now owns 510,000 shares of the company’s stock worth $12,051,000 after purchasing an additional 401,559 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Sable Offshore during the 2nd quarter worth $2,154,000. Finally, Rhumbline Advisers bought a new position in Sable Offshore during the second quarter worth about $862,000. Institutional investors own 26.19% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts have weighed in on the company. Jefferies Financial Group upped their price target on Sable Offshore from $19.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Pickering Energy Partners started coverage on Sable Offshore in a report on Tuesday, December 17th. They issued an “outperform” rating for the company. BWS Financial reissued a “sell” rating and set a $6.00 price target on shares of Sable Offshore in a research note on Wednesday, November 27th. Johnson Rice started coverage on Sable Offshore in a research note on Tuesday, November 5th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Benchmark reissued a “buy” rating and set a $37.00 price target on shares of Sable Offshore in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.00. Sable Offshore Stock Performance Shares of NYSE SOC opened at $23.85 on Friday. The company’s 50-day moving average is $21.88 and its 200 day moving average is $19.33. The company has a current ratio of 3.50, a quick ratio of 3.34 and a debt-to-equity ratio of 4.86. Sable Offshore Corp. has a 1 year low of $10.11 and a 1 year high of $28.67. Sable Offshore Profile ( Free Report ) Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. Featured Articles Five stocks we like better than Sable Offshore P/E Ratio Calculation: How to Assess Stocks S&P 500 ETFs: Expense Ratios That Can Boost Your Long-Term Gains Best ESG Stocks: 11 Best Stocks for ESG Investing How AI Implementation Could Help MongoDB Roar Back in 2025 Conference Calls and Individual Investors Hedge Funds Boost Oil Positions: Is a Major Rally on the Horizon? Want to see what other hedge funds are holding SOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sable Offshore Corp. ( NYSE:SOC – Free Report ). Receive News & Ratings for Sable Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sable Offshore and related companies with MarketBeat.com's FREE daily email newsletter .Gophers senior linebacker Cody Lindenberg has declined to use his final season of eligibility in 2025 and instead declared for the NFL draft on Friday. ADVERTISEMENT Lindenberg was healthy and highly productive in 2024, leading Minnesota with 94 total tackles as well as one sack and one interception in all 12 games. The Anoka native overcame injuries in both 2023 and ’21 to be an all-Big Ten selection this fall. “Every single day for the past five seasons has been a dream come true playing for and in front of you all in the maroon and gold!” Lindenberg wrote on social media. “Representing this university, this program and this state means more to me than anyone will ever know.” With Lindenberg leaving, the need to add a linebacker via the NCAA transfer portal grows more important. They have yet to add a linebacker among the 11 new additions for next season. ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .

‘Godfather of AI’ and Nobel recipient Geoffrey Hinton wishes he’d ‘thought about safety earlier’