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...The company plans to invest €3.7bn between 2023 and 2027 in North America, which includes major expansions of petrochemical plants in Geismar, Louisiana, and in Cincinnati, Ohio....
...But the United Launch Alliance, a joint venture between Boeing and Lockheed Martin, stopped the launch due to a problem with an oxygen relief valve on part of the rocket....
...Twite said growth at the company, which manufactures products including valves for liquefied natural gas producers, had been driven partly by countries rushing to develop alternative energy sources....
...Momentus, a commercial space company once flirting with a $1bn market cap, is now worth under $8mn....
...Or, at the very least, wonder what will happen when the pressure valves are released. rana.foroohar@ft.com...
...Industrial profits at large Chinese companies declined 3.5 per cent in March from a year earlier, the National Bureau of Statistics reported on Saturday....
...Here’s what else I’m keeping tabs on today: Company earnings: Reddit releases results for the first time as a public company later today....
...The company cites expansion into countries like Iceland and Luxembourg (respectively the size of Cincinnati and North Dakota) and diversification into similar markets such as groceries (which are nothing...
..., and Cincinnati Children’s Hospital Medical Center built the “Brainoware” system using a so-called brain organoid — a small three-dimensional neural structure grown from human stem cells....
...“We have to save this company from itself.” Claire Bushey has more on the negotiations....
...One unresolved question is whether some shareholders in the group’s web of holding companies are also creditors....
...Tim Spence, chief executive at Fifth Third Bank, based in Cincinnati, Ohio, said the competition for deposits remained “robust”, but that banks were no longer having to offer customers such generous terms...
...sprang up during the pandemic as part of US efforts to bring production capacity onshore and which last year received a $410mn loan from the US defence department, will fill Zepbound injector pens at its Cincinnati...
...“In a refinery or petrochemical plant, there can be thousands — if not tens of thousands — of instruments, equipment and valves [needed] to, for instance, manage 250,000 to 500,000 barrels of oil per day...
...The rub of all of this is that when prices jump in the months and years ahead, the US shale patch will no longer act as a safety valve for global consumers....
...It has also become a critical release valve for start-up employees who have been unable to realise the value of their stock because of the lack of IPOs....
...And so, the sanctioned company — an arm of the Russian state — gets to keep cash it should not have....
...In essence, the secondary market trading of ETF shares acts almost like a pressure release valve when the underlying bond market seizes up....
...It first appears as a supplier of the airline in May 2022, when it delivered a steel rotary valve and the “O-ring” for the flush on an Airbus toilet....
...Increasingly, stockholders are turning to the murky secondaries market as a release valve, stoking expectations of a boom in 2024....
...The newish, biggish thing in ESG is to invest in companies that aren’t ESG....
...“But we’re going to use technology — a lot of automation, a lot of software — and do manufacturing in Charlotte, Cincinnati, Salt Lake City and outside of Boston.”...
...selling that company’s stock....
...Newsnight — which one of its previous editors once described to me as being “an autonomous republic” within the BBC — is a useful safety valve against that....
...But the elephants are my auction safety valve. In my fantasy fridge you’ll always find pork pies....
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