Industry

Industry

Corporate operations and sector-specific developments. M&A, executive appointments, industrial policy, manufacturing, energy, and regulatory affairs.

industry

Kojima: Sony Pulled Funding for PHYSINT in June; Xbox Later Agreed to Publish

Hideo Kojima says Sony abruptly ended funding for PHYSINT in June, prompting concern at Kojima Productions until Xbox agreed to publish the game.

$SONY, $MSFT, #kojima, #sony, #xbox, #video-games, #publishing

industry

DOE closes up to $1.9 billion loan to NextEra to restart Duane Arnold nuclear plant in Iowa

DOE reached financial close on up to $1.9B to help NextEra restart the 615 MW Duane Arnold reactor near Palo, Iowa; NRC approvals still pending.

$NEE, #nuclear, #energy, #nextera, #iowa, #doe

industry

FTC and Washington Propose $225 Million Settlement With Amway Over Alleged MLM Deception

FTC and Washington propose $225M settlement with Amway and affiliates over alleged deceptive earnings claims and require major business changes.

#amway, #ftc, #mlm, #consumerprotection

industry

EPA Finalizes Repeal of Most 2024 Power-Plant Carbon Rules, Proposes Eliminating Federal GHG Authority

On Sept. 14 the EPA finalized repeal of most 2024 carbon rules for coal and gas plants and proposed removing federal greenhouse‑gas authority for the sector.

#epa, #climate, #energy, #regulation

industry

Army Commits Up to $2.2 Billion Under Janus Program to Deploy 20+ Microreactors at Five Bases

The Army will provide up to $2.2B to five companies to build and operate 20+ microreactors on domestic bases under its Janus Program.

#army, #microreactors, #nuclear, #janus

industry

SEC Proposes Rescinding Rule 14a-8, Potentially Shifting Proxy Disputes to State Law

The SEC proposed rescinding Rule 14a-8, removing the federal shareholder-proposal route and moving those disputes to state corporate law if finalized.

#sec, #shareholderproposals, #proxy, #corporategovernance

industry

FCA publishes guidance clarifying which crypto activities will need UK authorisation

The FCA published guidance explaining how the UK’s upcoming cryptoasset regime applies to firms and which activities will need FCA authorisation.

#crypto, #uk, #fca, #regulation

industry

U.S. Navy Awards Boeing $562 Million First Production Contract for MQ-25A Stingray

The Navy awarded Boeing a $562M contract for three MQ-25A unmanned tankers, beginning low-rate production with initial deliveries expected in 2029.

$BA, #boeing, #mq25, #navy, #defense

industry

Pratt & Whitney Grants Hermeus License to Produce F100 Fighter Engine

Pratt & Whitney licensed its F100‑PW‑229 to Hermeus, allowing Hermeus to build the engine under P&W standards to boost U.S. capacity and speed Quarterhorse.

$RTX, #defense, #aerospace, #manufacturing, #hermeus, #rtx

industry

Cheniere Completes Final Train of Corpus Christi Stage 3, Making It U.S. No. 2 LNG Export Terminal

Cheniere finished the final Stage 3 midscale train at its Corpus Christi LNG terminal, lifting nominal capacity to 3.1 Bcf/d and making it the U.S. No. 2.

$LNG, #energy, #lng, #cheniere, #corpuschristi

industry

GAO: FAA’s Air-Traffic Modernization Lacks Full Cost Estimate and Master Schedule

GAO says the FAA's BNATCS modernization is moving quickly but lacks a comprehensive lifecycle cost estimate and an integrated Phase 1 schedule.

#faa, #gaoreport, #airtraffic, #aviation, #modernization

industry

Upper Tribunal Upholds Ban on Hedge‑fund Founder Crispin Odey, Cuts Fine to £1.53m

Upper Tribunal backs FCA finding that Crispin Odey 'lacked integrity', upholds his ban from UK financial services and reduces the penalty to £1.53m.

#uk, #finance, #hedgefunds, #regulation

industry

PIF Weighs Folding EA Into Savvy Games as Saudi Fund Builds Gaming Portfolio

Saudi Arabia’s sovereign wealth fund is reportedly considering moving Electronic Arts under its Savvy Games unit as it scales gaming assets.

$EA, #pif, #electronicarts, #savvygames, #gaming, #mergers

industry

SEC Takes First Formal Step to Rescind Rule 14a-8, Potentially Shifting Shareholder-Proposal Power to States

The SEC sent a draft to the White House to rescind Rule 14a-8, which could move oversight of shareholder proposals from a federal standard to state laws.

#sec, #shareholderproposals, #corporategovernance, #rule14a8

industry

Nearly 1,900 Blizzard Workers Ratify First Union Contracts with Microsoft

On Sept. 9 nearly 1,900 Blizzard employees ratified contracts with Microsoft, winning pay raises, layoff protections, AI bargaining and a three-day hybrid week.

$MSFT, #blizzard, #microsoft, #union, #videogames, #cwa