Category Archives: business

business, economy

Trump says he doesn’t know who Binance Founder CZ is, despite pardoning him

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Last year, Changpeng Zhao (AKA “CZ”), the founder of Binance—the world’s largest cryptocurrency exchange—pleaded guilty to money laundering charges.

Last month, he was pardoned by President Donald Trump. However, this week, Trump stated that he has no idea who CZ is.

During an interview on the latest episode of 60 Minutes, Trump revealed that he doesn’t know much about CZ, despite having pardoned him just weeks ago.

“Okay, are you ready? I don’t know who he is,” Trump said during the interview, as quoted by CNBC. “I don’t know the man at all. I don’t think I ever met him,” he continued.

When asked how he came to pardon a man he doesn’t know, Trump explained that his family’s involvement in the crypto business influenced his decision.

“My sons are involved in crypto much more than I—me. I—I know very little about it, other than one thing. It’s a huge industry,” he said.

Trump also added that he “was told” CZ was a victim of the Biden Administration.
https://www.shacknews.com/article/146671/donald-trump-doesnt-know-cz-binance

accident, business, emergency

Crews respond to UPS plane crash near Louisville International Airport

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LMPD and multiple other agencies are responding to reports of a plane crash near Fern Valley and Grade Lane.

Grade Lane will be closed indefinitely between Stooges and Crittenden. Injuries have been reported at the scene, according to a short statement from the LMPD.

UPS has confirmed that the aircraft involved in the crash belonged to the company. They have pledged to release further information as it becomes available.

This is a breaking news story and will be updated.
https://www.washingtonexaminer.com/policy/infrastructure/3875173/ups-plane-crash-louisville-airport/

business, economy

First American Nuclear plans to bring SMRs to Indiana

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First American Nuclear and Indiana leadership announced Tuesday that the company will bring its headquarters, manufacturing facilities, and an energy park to the state.

“Indiana is leading the nation in the next chapter of American energy independence,” Gov. Mike Braun said in a news release. “With First American Nuclear planting its roots here, we’re bringing 5,000 high-paying, generational Hoosier jobs while cementing our state as a leader in clean, reliable nuclear power.”

### What is First American Nuclear?

First American Nuclear is a company dedicated to building small modular reactors, or SMRs, which are advanced nuclear reactors that have about one-third the generating capacity of traditional nuclear power reactors, according to the International Atomic Energy Agency.

The company’s energy park is designed to be the first “closed-fuel cycle” in U.S. history, meaning it will reprocess and reuse spent nuclear fuel on-site, eliminating 97% of long-lasting nuclear waste.

EAGL-1, the reactor planned to be used, can create more fuel than it burns, according to First American Nuclear. This capability positions the energy to be classified as clean and renewable.

“In the flurry of America’s nuclear renaissance, Indiana and FANCO found a shared commitment to technical merit, authenticity, and follow-through,” said Mike Reinboth, CEO of First American Nuclear. “Collectively, our team has dedicated centuries to nuclear science, resulting in an unmatched nuclear solution that, fittingly, will take root in the crossroads of America.”

### Opposition and Concerns

Kerwin Wilson, executive director of the Citizens Action Coalition, expressed skepticism about nuclear power’s ability to meet Indiana’s energy demands. He also questioned claims about its cleanliness.

“They are not even close to being cost-effective with other fuels and technologies, not to mention that they are years away from being commercially available, if they ever will be,” Wilson stated. “They are not a solution to meeting the growing electric demand. Affordable, clean, and truly safe technologies, like wind and solar, are available today. There’s no need to squander billions in ratepayer and taxpayer money down the nuclear rabbit hole and expose our communities to the inherent dangers and risks of the nuclear fuel cycle. There’s a better path forward.”

Similarly, Ashley Williams, executive director of Just Transition Northwest Indiana, called SMRs “a fantasy of the nuclear industry” and a false solution.

“Indiana’s so-called energy priorities are nothing short of shameful,” Williams said. “These aren’t the priorities of everyday Hoosiers. They’re the agenda of Big Tech Billionaires, cashing in on the data center boom that is actively extracting from our communities and displacing our workforce in places like my community of Michigan City and across the country.”

### Supporting Studies and Site Selection

A Purdue University study, funded by the Indiana Office of Energy Development and released in November 2024, found that SMRs can release carbon-free electricity with the capacity to meet Indiana’s growing energy needs. The study also evaluated multiple coal plants as suitable sites.

Purdue received $300,000 to complete the report, according to the state’s Transparency Portal.

In the study, RM Schahfer in Jasper County was identified as a suitable site. Two other NIPSCO plants—Bailly in Porter County and Michigan City’s plant in LaPorte County—were also considered; however, Bailly was deprioritized, and Michigan City was deemed “too populated” and unsuitable for SMRs.

### Company Plans and Timelines

A spokesperson for First American Nuclear shared via email that the company is currently seeking sites for its corporate headquarters, manufacturing facility, and energy park, although no final decisions have been made.

Construction for both the manufacturing and energy park sites is expected to begin in 2028.

Regarding economic and tax incentives, the spokesperson declined to provide specific figures but stated that the company is benefiting from incentives offered to all Indiana businesses. These include tax credits for builders of SMRs and research and development initiatives.

“Indiana has a highly business-friendly environment, affordable cost of living, advantageous central location, and deep pool of tech talent,” the spokesperson said. “It’s premature to provide actual numbers, but First American Nuclear is benefiting from incentives offered to all Indiana businesses.”

### Utility Perspective

In a January statement, NIPSCO said it is amid a multiyear plan to close its coal-fired generating stations and replace them with more cost-effective, efficient, and sustainable sources, including wind, solar, and battery storage.

In 2024, NIPSCO conducted four Requests for Proposal (RFP) events covering all fuel sources but did not receive any proposals for SMR projects, according to Post-Tribune archives. The utility received a total of 116 proposals.

NIPSCO was unavailable for immediate comment regarding First American Nuclear’s plans or whether any of its facilities might be considered for nuclear power.

—

As Indiana embarks on this next chapter of energy development, the debate continues between proponents advocating for advanced nuclear technologies and opponents urging investment in existing renewable solutions. The coming years will reveal how these initiatives shape the state’s energy future.
https://www.chicagotribune.com/2025/11/04/first-american-nuclear-plans-to-bring-smrs-to-indiana/

business, economy, entertainment

Mario Kart World has sold 9.57 million units since launch

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Even though *Mario Kart World* has been out for less than six months, it has already proven to be another big winner for Nintendo. The latest entry in the series has sold an impressive 9.57 million units since its launch alongside the Nintendo Switch 2.

This information comes from Nintendo’s most recent six-month earnings report, issued late Monday evening. According to the report, “*For Nintendo Switch 2 software, Mario Kart World, released at the same time as the hardware, and Donkey Kong Bananza, released in July, showed strong sales.*”

The Nintendo Financial Results Explanatory Material, covering the period ending November 4, further states: “*Combined with titles released by other software publishers, unit sales for Nintendo Switch 2 software for the first half of the fiscal year were 20.62 million. Please note that this sales result includes the approximately 8.10 million units of Nintendo Switch 2 software that were bundled with the hardware.*”

Regarding hardware sales, Nintendo has sold 10.36 million units of the Nintendo Switch 2. Out of those, 9.57 million units came bundled with the Switch 2-exclusive *Mario Kart World* in some form.

While *Mario Kart World* has made a strong start, it still has a long way to go to catch the lifetime sales of *Mario Kart 8 Deluxe*, which has sold over 68 million units. Speaking of the previous Mario Kart title, it has sold an additional 1.37 million units recently, bringing its lifetime sales total to more than 69 million.
https://www.shacknews.com/article/146659/mario-kart-world-november-2025-nintendo-sales

business, economy, technology

What does ‘REDSEC’ stand for?

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REDSEC is a new, free-to-play version of Battlefield 6 that introduces players to the series’ take on a battle royale. Players can dive into duos and quads, and even a tournament-style Gauntlet mode. While there is a lot to learn about all these modes, one question stands out for all players: What does REDSEC stand for?

What does REDSEC stand for?

REDSEC stands for Redacted Sector. This term essentially means an area that has been struck from the record or is completely off-limits. This makes sense given that Battlefield 6: REDSEC is about dropping into a hostile area, grabbing loot, completing missions, and getting out as the last surviving team.

Furthermore, the area in REDSEC is being swallowed by the NXC fire that the PAX Armata had their hands on during the Battlefield 6 campaign. In a way, the entire area (sector) is being firewalled, or redacted, tying back to the meaning of REDSEC.

https://www.shacknews.com/article/146653/what-does-redsec-mean-bf6

business, economy, technology

What does ‘REDSEC’ stand for?

Leave a comment

REDSEC is a new, free-to-play version of Battlefield 6 that introduces players to the series’ take on a battle royale. In this mode, players can dive into duos and quads, and even participate in a tournament-style Gauntlet mode. With so many options to explore, one question often arises among players: What does REDSEC stand for?

**What Does REDSEC Stand For?**

REDSEC stands for **Redacted Sector**. This term essentially refers to an area that has been struck from the record or is completely off-limits. This concept aligns perfectly with Battlefield 6: REDSEC, where players drop into a hostile zone, grab loot, complete missions, and aim to be the last surviving team.

Additionally, the area within REDSEC is being consumed by the NXC fire, a destructive force linked to the PAX Armata, featured prominently during the Battlefield 6 campaign. In this way, the entire sector is effectively being “firewalled” or redacted, enhancing the high-stakes, intense atmosphere of the gameplay.

Overall, REDSEC offers a thrilling new way to experience Battlefield 6’s battle royale action within a mysterious and dangerous environment.
https://www.shacknews.com/article/146653/what-does-redsec-mean-bf6

business, economy, government, international, sports

Achilles International helps athletes with disabilities compete in New York City Marathon

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On Sunday, more than 50,000 people from all over the world will lace up for the New York City Marathon. From amateurs to seasoned marathoners, these athletes will test their minds and bodies over 26.2 miles.

Emily Glasser, president and CEO of Achilles International, and Francesco Magisano, director for the Achilles New York City Metro Region, join “The Daily Report” to discuss breaking down barriers for athletes with disabilities.
https://www.cbsnews.com/video/achilles-international-helps-athletes-disabilities-compete-nyc-marathon/

business, economy, technology

Is the Glaxion Vandal worth it in Warframe?

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Getting weapons in Warframe to the point where they can do the required damage to matter in the game’s tougher content can take a lot of time and investment. From Catalysts to Forma and Adapters, you can find yourself investing a lot of your hard-earned resources, and nobody wants to do that with the wrong weapon. So, is the Glaxion Vandal worth it in Warframe?

### Glaxion Vandal vs. Standard Glaxion

The Glaxion Vandal is better than the standard Glaxion in several key areas, but it doesn’t quite reach the level of the Tenet Glaxion, which many consider the best in class for this weapon. If you are new to the game and looking for a weapon that can perform well into the early Steel Path content, the Glaxion Vandal can handle that — but it does require a significant investment to get there.

### Should You Invest in the Glaxion Vandal?

While the Glaxion Vandal is a solid upgrade, the Tenet Glaxion is likely far more worthy of your resources. Holding out until you can obtain one from a Sister of Parvos would be the smarter move, especially for players aiming at the highest tiers of content.

### Advantages of the Glaxion Vandal

The main advantages that the Glaxion Vandal has over the normal Glaxion include:

– Higher base damage
– Increased critical chance
– Better status chance
– Larger magazine size
– Faster reload speed
– Increased ammo reserves

These improvements make the Vandal a clear winner against the standard version. If you are already a fan of the Glaxion, this is certainly an upgrade in almost every way.

### Additional Mod Synergy

The Glaxion Vandal also works with the Photon Overcharge mod, which you can purchase from Nora’s Nightwave shop using Cred Offerings when it appears in the prize rotation. This mod grants increased critical damage and offers a 2% chance to drop an energy orb for each cold status effect that results in a kill or assist.

### Suggested Build and Playstyle

Above, you’ll find a preferred Tenet Glaxion build, but it would work well on the Vandal too. This setup is designed to run with Frost, using his fourth ability for armor stripping before tearing through enemies with beam and gas procs.

If you lack an alternate source of armor stripping, consider swapping Thermite Rounds for High Voltage or another Electric mod to switch from Gas to Corrosive damage. For an extra punch, subsume Nourish on your Warframe to easily add Viral damage.

### Final Thoughts

In summary, the Glaxion Vandal is a noteworthy upgrade over the basic Glaxion and can carry you through early Steel Path content with enough investment. However, if you’re aiming for top-tier performance, it’s often better to save your resources for the Tenet Glaxion, which stands out as the best variant of the weapon.

Happy hunting, Tenno!
https://www.shacknews.com/article/146619/is-the-glaxion-vandal-worth-it-warframe