Category Archives: general

Iga Swiatek’s ‘valuable’ partnership with luxury automobile giant comes to an end after 2 years, reveals Pole’s manager

**Iga Swiatek’s Partnership with Porsche Comes to an End After Two Years**

Iga Swiatek’s valuable partnership with luxury automobile giant Porsche has come to a close after two years. The news was confirmed by the Polish tennis star’s manager, who also revealed that both parties remain interested in exploring ways to extend their collaboration in the future.

Swiatek first partnered with Porsche in 2023, following her victory at the Stuttgart Open—a tournament sponsored by Porsche in both 2022 and 2023. The tennis star and the automobile manufacturer signed a two-year contract. Wojciech Grzegorski, Brand Director of Porsche Poland, praised Swiatek, calling the six-time Grand Slam champion the “epitome of Porsche’s ‘Driven by Dreams’ slogan.”

Recently, Swiatek’s manager, Alina Sikora, shared more details with journalist Dominik Senkowski. Senkowski announced the update on X, stating:

“Iga Świątek is no longer collaborating with the Porsche brand. Iga’s contract with Porsche ended in the middle of this year. It was certainly a valuable partnership, which is why both sides are open to talks and continuation in the future, Alina Sikora, the tennis player’s manager, told me.”

Swiatek herself has previously expressed admiration for the Porsche brand. In an official press release, she said:

“Ever since I won (the Stuttgart Open) last year, I’ve come to associate the Porsche brand with not only great sports cars but also with the excitement I’ve experienced on court and the opportunities the sport offers. As the winner of the tournament, I was privileged to drive a Porsche twice as the main prize onto the Centre Court. It did actually cross my mind that it was a natural partnership for me.”

Iga Swiatek is the proud owner of two Porsches—a red Panamera and a blue Taycan—both gifted to her following her victories at the 2022 and 2023 Stuttgart Open tournaments.

**Iga Swiatek Finishes 2025 Season on a Disappointing Note at WTA Finals**

On the tennis front, Swiatek was most recently seen competing at the 2025 WTA Finals in Riyadh. Entering the event as the second seed, she was considered one of the favorites to claim the title.

Swiatek started her campaign strongly, securing a straight-sets win over Madison Keys. However, she was subsequently defeated by Elena Rybakina and Amanda Anisimova in her remaining two group stage matches, resulting in an early exit from the tournament.

Despite this disappointing finish to her season, Swiatek has enjoyed a number of impressive results throughout 2025, with the highlight being her triumph at the prestigious Wimbledon Championships.

As the partnership chapter with Porsche closes, tennis fans and car enthusiasts alike look forward to seeing what both Iga Swiatek and the luxury brand have in store for the future.
https://www.sportskeeda.com/tennis/news-iga-swiatek-s-valuable-partnership-luxury-automobile-giant-comes-end-2-years-reveals-pole-s-manager

Megaport übernimmt Latitude.sh und baut eine branchenführende Compute- und Network-as-a-Service-Plattform auf, um leistungsstarke Anwendungen und KI-Workloads auf der ganzen Welt zu unterstützen

BRISBANE, Australien – Megaport Limited (ASX: MP1), der weltweit führende Network-as-a-Service (NaaS)-Anbieter, gab heute den Abschluss einer Vereinbarung zur Übernahme von Latitude.sh bekannt. Latitude.sh ist ein weltweit führendes Compute-as-a-Service-Unternehmen, das nach Bedarf leistungsstarke CPU- und GPU-Infrastrukturen bereitstellt.

Nach Abschluss der Übernahme werden die kombinierten Kompetenzen eine globale Plattform schaffen, die die private Hochgeschwindigkeits-Konnektivitätsstruktur entscheidend erweitert.

http://www.businesswire.com/news/home/20251110185462/de/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ%3D%3D

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved lower for three consecutive sessions, sinking more than 400 points, or 2.2 percent, along the way. The Hang Seng Index now rests just beneath the 18,030-point plateau, although it is likely to halt its slide on Tuesday.

The global forecast for the Asian markets is mixed, with continued profit-taking among technology stocks expected to cap any upside. European markets were up, while U.S. bourses were mostly lower; Asian markets are expected to follow the latter trend.

On Monday, the Hang Seng finished barely lower following mixed performances from financial shares, property stocks, and technology companies. For the day, the index eased 0.81 points, or 0.00 percent, to close at 18,027.71 after trading between 17,789.57 and 18,032.67.

Among the active stocks, Alibaba Group inched up 0.07 percent, while Alibaba Health Info tumbled 1.43 percent. ANTA Sports strengthened 1.09 percent, China Life Insurance gained 0.35 percent, and China Mengniu Dairy rallied 1.37 percent. Conversely, China Resources Land declined 0.74 percent, CITIC gained 0.53 percent, and both CNOOC and Xiaomi Corporation retreated 0.88 percent.

Other notable movers included Country Garden, which plunged 1.98 percent, CSPC Pharmaceutical dropping 0.47 percent, and Galaxy Entertainment tanking 1.96 percent. Hang Lung Properties sank 0.15 percent, Henderson Land jumped 1.42 percent, and Hong Kong & China Gas spiked 1.74 percent.

Additionally, Industrial and Commercial Bank of China climbed 0.88 percent, JD.com added 0.55 percent, Lenovo plummeted 2.68 percent, and Li Ning soared 1.83 percent. Meituan slumped 0.69 percent, New World Development rose 0.41 percent, Techtronic Industries advanced 0.76 percent, WuXi Biologics surged 2.07 percent, and Nongfu Spring remained unchanged.

The lead from Wall Street continues to be a dichotomy, with the major averages opening and finishing mixed. Only the Dow Jones Industrial Average closed in the green, rallying 260.88 points, or 0.67 percent, to finish at 39,411.21. Meanwhile, the NASDAQ tumbled 192.54 points, or 1.09 percent, closing at 17,496.82, and the S&P 500 fell 16.75 points, or 0.31 percent, ending at 5,447.87.

The weakness on Wall Street was driven by technology stocks, which dragged the markets lower. Shares of Nvidia Corporation, Dell Technologies, and Qualcomm all plummeted on profit-taking. Traders were also looking ahead to Friday’s Commerce Department report on personal income and spending for May, which includes inflation readings preferred by the Federal Reserve.

Oil prices gained on Monday amid optimism about demand outlook and potential supply disruptions due to tensions in the Middle East. West Texas Intermediate Crude oil futures for August rose $0.90, or 1.1 percent, to $81.63 a barrel.

*The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/higher-open-predicted-hong-kong-stock-market

22-Years-Owned 2002 Maserati Spyder Cambiocorsa

This 2002 Maserati Spyder was originally delivered to Maserati of Houston in Texas and was later purchased by the current seller in September 2003. Since then, the car has traveled approximately 42,000 of its total 44,000 miles.

Finished in striking Rosso Bologna Metallizzato over a Beige leather interior, this Spyder is powered by a 4.2-liter V8 engine paired with a Cambiocorsa six-speed automated manual transaxle. The engine, part of the F136 family jointly developed by Ferrari and Maserati, features dry-sump lubrication and a factory oil cooler, producing a rated output of 390 horsepower and 330 lb-ft of torque. Power is sent to the rear wheels through the computer-controlled transaxle, which includes column-mounted shift paddles for an engaging driving experience.

The exterior is complemented by a power-operated black soft top, 18″ multi-spoke alloy wheels wrapped in Michelin Pilot Sport All Season 4 tires (2023 date codes), xenon headlights, fog lights, a mesh front grille, and quad exhaust outlets. The suspension setup includes Skyhook adjustable dampers, while braking is handled by black calipers gripping cross-drilled and ventilated discs at each corner.

Inside, the cabin is trimmed with Beige leather and features power-adjustable seats, cruise control, and automatic climate control. The steering wheel is leather-wrapped, though it shows some bubbling at its center, as does the leather on the center console. Instrumentation includes a 200-mph speedometer, a tachometer with a 7,500 rpm redline, and auxiliary gauges for oil pressure, coolant temperature, voltage, and fuel level.

During the seller’s ownership, a sport exhaust system was installed in 2004, further enhancing the car’s performance and sound. Additionally, a Pioneer head unit with aftermarket speakers, Apple CarPlay connectivity, and a rearview camera were fitted. The original factory head unit is included with the sale.

Cosmetic blemishes include a dent on the driver’s quarter panel, scratches on the passenger’s quarter panel, and tears on the soft top. Despite these minor imperfections, this Spyder remains an attractive and well-maintained example of Maserati’s early 2000s roadster.

Additional items included in the sale are the original window sticker, owner’s manuals, service records, spare parts, a car cover, a clean Carfax report showing no accidents or damage, and a clean California title in the seller’s name.

Designed by Giorgetto Giugiaro, the Maserati Spyder combines classic Italian styling with impressive engineering and a thrilling driving experience. This well-preserved example offers a unique opportunity to own a piece of Maserati history with desirable upgrades and documentation.
https://bringatrailer.com/listing/2002-maserati-spyder-31/

Intel Appoints Dr. Craig H. Barratt to Board of Directors

SANTA CLARA, Calif. – Intel Corporation (NASDAQ: INTC) today announced that Craig H. Barratt, Ph.D., 63, has been appointed to its board of directors, effective immediately. Dr. Barratt will serve as an independent director.

“Craig is a highly accomplished technology leader with a proven ability to innovate, scale, and transform businesses,” said Lip-Bu Tan, Intel CEO. “He is a seasoned semiconductor executive with experience at multiple leading-edge technology companies, which…”

[Note: The original content appears to be incomplete. Please provide the full quote or additional details if available for a more comprehensive publication.]
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How World War II Drama ‘Nuremberg’ Put Nazi War Criminals On Trial

In the immortal—yet seldom heeded—words of George Santayana, “Those who cannot remember the past are condemned to repeat it.”

***WARNING! The following contains certain spoilers for the film!***

“The Nuremberg trials were something I thought I knew about,” said Vanderbilt (Zodiac, Murder Mystery), whose main source of inspiration was Jack El-Hai’s *The Nazi and the Psychiatrist*. The nonfiction book chronicles the lesser-known efforts of one Dr. Douglas Kelley to psychoanalyze the German war criminals—particularly Hitler’s shrewd and calculating second-in-command, Hermann Göring—and ensure they were mentally fit to stand trial for their crimes against humanity.

“As soon as I read [Jack’s book], I was just like, ‘Oh, I didn’t know that!’” Vanderbilt admitted. “I just became fascinated with it. So I used my own money, which you’re told to never do, and I optioned Jack’s book as he was writing it.”

Hewing relatively close to its source material, the film devotes a great deal of real estate to the odd “cat and mouse” relationship between Göring (Russell Crowe) and Kelley (Rami Malek), both of whom “were master manipulators,” El-Hai explained over a separate call. “Big ego and narcissistic guys. When they interacted with each other, they knew what the other was doing and tolerated it. Because each of them wanted something from the other.”

“They’re fencing with each other, probing each other, but also becoming fascinated with each other and beginning to have empathy for each other,” agreed Vanderbilt. “In some ways, [they even] try and help each other at different moments. We talked a lot about *Silence of the Lambs* [with regard to that character dynamic].”

As he dove down the research rabbit hole with gusto, Vanderbilt decided to expand the narrative to include figures who don’t play a major role in El-Hai’s book. Figures like Robert H. Jackson (Michael Shannon), the Supreme Court Justice who pushed for the trial to take place when “none of the countries” were interested in the formalities of a tribunal.

“They were like, ‘We just fought an entire war. We’re done. Shoot them in the head and let’s turn the page!’” Vanderbilt explained. “And Jackson was like, ‘No, this is incredibly important. We have to do this. People have to know what these men did, or else the world won’t believe it.’”

As we now know, Jackson ended up persuading the victorious Allied powers (the United States, Soviet Union, Great Britain, and France) to his way of thinking and ultimately served as chief prosecutor on behalf of the United States.

“I was like, ‘Oh my God! I thought my movie was over here in a jail cell, but it’s also over here,’” the director said. “Usually, adaptation is subtraction. It’s a 350-page book. How do we fit it into two hours and get to the essence of it? This just kept growing, which I think was ultimately wonderful, because it gives the story a real scope.”

In addition, Russell Crowe provided his own contributions, digging up out-of-print books containing speeches Göring gave while head of the Reichstag (German parliament) and poring over real transcripts from the trial itself.

“I remember sitting with Russell and Michael Shannon at Russell’s house with a table full of transcripts,” Vanderbilt recalled. “It was like that Charlie Day meme with all of the yarn and we’re highlighting and going, ‘Look at this! Check this out!’ He just went incredibly deep in it.”

Crowe went so deep, in fact, that he avoided social interactions with the cast and the crew because the role required him to “go some pretty dark places,” the director noted.

“He was like an actor who had something to prove when he clearly is Russell Crowe and has nothing to prove. But he gave it his all to this movie and I’m eternally grateful.”

*Nuremberg* joins a cadre of similar historical courtroom dramas like 1961’s *Judgement at Nuremberg* (based on the trial of Nazi judges who presided over kangaroo courts) and a two-part TNT miniseries (starring Alec Baldwin as Justice Jackson and Brian Cox as Göring), with the topic feeling strangely overlooked by Hollywood.

Vanderbilt attributes this industry blind spot to a preference for the more graphic aspects of the war—be it the visceral nature of combat or the heinous atrocities of the Holocaust.

“People are fascinated with World War II, but it always seems to be the shooting war, which I understand. Battles are cinematic,” he said. “But this not only felt like fertile ground, because it hadn’t been covered, but it also felt incredibly important. There’s a whole speech in the film that Michael Shannon gives to Rami Malek, which is, ‘All of this stuff started with the [Nuremberg Laws that stripped German Jews of their rights]. They did all of these things from a legal standpoint, so I need to use laws against them. This war ends in a courtroom.’ I feel like this is the last battle of World War II. It’s not fought with guns. It’s fought with words, but it is no less intense.”

That particular exchange takes place at the deserted and slightly eerie Nuremberg rally grounds where the racial laws were first announced in 1935. The ghostly, cemetery-like atmosphere of the location connotes the demise of the Third Reich and the brighter future the Allies hope to build from its ashes.

It’s the perfect backdrop for the clandestine meeting between Jackson and Kelley that becomes all the more effective with the inclusion of subtle sound design.

“That was an example of processing some wind and moving it around,” said Michael Babcock, the film’s sound designer, supervising sound editor, and re-recording mixer. “Every creative choice you make for what the audience is going to hear has to be the right choice. It has to be additive to what the story is and what those performances are.”

In another instance, Vanderbilt requested cricket sounds to play in the background of certain scenes as “a mood setter,” prompting Babcock to do some research on regional insects while enjoying a personal trip to Switzerland.

“Because there are places in Europe where they apparently don’t [have crickets],” he noted. “So if you need that as a tool, you just want to make sure you’re being historically accurate.”

“The crickets were really important to me,” echoed Vanderbilt, adding that Babcock managed to successfully snag a recording of the “actual insects that would have been in Nuremberg” during the summer of 1945.

“We use the crickets at different times and some of them are just moments of calm and moments of quiet where you can feel nature. You’re in this concrete cell for so long, you’re in this giant, cavernous courtroom for so long, just being outside and feeling nature [is a relief].”

Speaking of the courtroom, the trial was held within the Nuremberg Palace of Justice, which was refurbished after sustaining heavy damage from Allied bombing.

“He wanted it to breathe a bit,” stated Babcock. “So there’s creaks, there’s little bits of wispy, windy things going on. There’s a lot of movement, particularly when all the people are in there.”

The packed space goes utterly silent, however, in a key scene where the prosecution screens horrific footage from the various Nazi extermination camps around Europe (the first time anyone had seen the extent of the Nazis’ depravity toward Jews and other so-called *Untermenschen*).

Wanting genuine emotional reactions from the cast, Vanderbilt asked them not to watch the footage ahead of time while researching their roles.

“Those images are as chilling as they were 80 years ago,” he emphasized. “And that’s the effect I wanted, was for us as an audience of the movie *Nuremberg* to have the same feeling that those people did in the courtroom on that day.”

“There’s still a little bit of a wind tone in there, but it’s really about that film and the reverb and basically hearing a pin drop,” Babcock added. “It was the roughest scene to do as a person, as a human, but sometimes everybody’s on the same page with what needs to happen.”

A similar approach was taken with regards to the sequence in which Army translator Howie Triest (Leo Woodall) reveals his tragic backstory to Dr. Kelley at the train station.

As a Jew, he was forced to flee Germany without his sister or parents. He returned to his native country with a liberating military, but not in time to save his mother and father from a terrible fate at Auschwitz.

“At the beginning of that scene, you’re really consumed by the train station and all the people walking by and speaking different languages,” Babcock said. “There’s definitely a mood—the steam engines, the sound of trains coupling. It’s shot very well and has this kind of grand mood to it. And as you’re focusing more and more on Howie’s story, very, very, gradually, you’re losing layers and textures in the background.”

Amidst the weighty topics and melancholic imagery, Vanderbilt never wanted the movie to feel too “dour” or didactically “dusty” in terms of its overall presentation.

“We didn’t want it to feel like a movie that was shot in 1946,” he said. “We wanted it to feel relevant and alive to modern audiences.”

To that end, he added in small moments of levity (i.e., Justice Jackson “blackmailing” the pope) that help offset the heavier elements at play.

“So many serious movies feel like you’re doing homework or eating spinach or taking medicine,” the filmmaker continued. “It was really important for me that this movie not feel that way, that it be entertaining, that it take you on an emotional journey… That is the great power of cinema. Because you can read a book about what happened in Nuremberg, you can watch a documentary about it. But a movie makes you feel.”

Upon returning to the United States, Dr. Kelley switched his focus from psychiatry to criminology—“because he believed that psychiatry couldn’t account for the behavior of people like these Germans he had examined,” El-Hai explained—and wrote a book on his findings entitled *22 Cells in Nuremberg*.

In it, he recounted his experiences with the remaining members of the Nazi high command and laid out a number of steps that could be taken to prevent the rise of tyrants in the future. His biggest proposals involved making voting easier for eligible individuals, promoting critical thinking in educational systems, and, most important of all, subjecting politicians to psychiatric evaluations before they are allowed to take office.

Despite its fascinating subject matter, the book was a failure, mainly due to its unpopular idea that the Nazis put on trial “were not psychiatrically ill” in the way we imagine mass murderers to be.

“The behavior that they exhibited and their personalities placed them within the normal range,” El-Hai continued. “That doesn’t mean it’s desirable, but it is normal. And if they’re within the normal range, that means there are lots of other people out there like that. At the end of this terrible war and long, grueling trial, no one wanted to hear Kelley’s thought that this could happen again. That these people are always among us, in every place and in every era.”

The indifference to his now-prescient book added fuel to the fire of Kelley’s already troubled personal life and career, which “fell apart after Nuremberg,” noted the author.

“He became a heavy drinker and his marriage began to have serious problems.”

Sadly, Dr. Kelley took his own life in 1958 by ingesting cyanide—ironically the same method Göring employed before the Allies could hang him.

“That was one of the central questions I went into the book asking,” El-Hai shared. “What was the connection between Göring’s suicide by cyanide and Kelley’s suicide by cyanide? Was there even a connection between [them]?”

Whatever the case, Dr. Kelley was indeed correct. The cautionary tale of Adolf Hitler and the Third Reich “didn’t stop these horrible things from happening,” El-Hai concluded. “The Nuremberg trials didn’t stop these horrible things from happening. They’re still happening. They will always be with us and we need to always be awake to the possibility of them happening. We’re seeing signs of them right now in our government and in other countries’ governments—and there are ways to combat it.”
https://bitcoinethereumnews.com/finance/how-world-war-ii-drama-nuremberg-put-nazi-war-criminals-on-trial/

Ghislaine Maxwell admits she is ‘happier’ in prison while enjoying room service and puppies, as Trump considers commuting her sentence

Ghislaine Maxwell Seeks Commutation from President Trump Amid Allegations of Preferential Prison Treatment

Ghislaine Maxwell, the convicted co-conspirator of the late Jeffrey Epstein, is currently seeking a commutation of her 20-year prison sentence directly from President Donald Trump. (A commutation, unlike a pardon, shortens a prison sentence rather than erasing the conviction entirely.)

This news comes alongside shocking allegations about her quality of life behind bars, according to NBC News. A whistleblower recently informed House Democrats that Maxwell is reportedly receiving what they described as “concierge-style” treatment at the minimum security prison camp where she was transferred. This revelation makes her attempt to secure an early release seem particularly audacious.

Maxwell’s Commutation Bid

It’s clear that Maxwell is serious about leaving prison early. According to an email she sent to her attorney, Leaf Saffian—with the subject line “commutation application”—Maxwell wrote that she is “struggling to keep it all together as it is big and there are so many attachments.” Despite the stress involved in the application process, Maxwell appears to be relatively content with her current circumstances.

She was moved over the summer to a women-only minimum security facility in Texas, away from the low-security prison in Florida that housed both men and women. Emails Maxwell sent to friends and family confirm that she is actually “happier” at the new location.

Claims of Preferential Treatment

If the whistleblower’s claims are accurate, it’s easy to understand why Maxwell might be feeling better about her situation. The alleged special treatment includes customized meals and permission to use the exercise area after hours.

Perhaps the most unbelievable detail is that she has reportedly been given time to play with a puppy being trained by another inmate to become a service dog. Room service and puppies? That’s certainly far from the standard prison experience and raises troubling questions about equal justice under the law.

The whistleblower even claimed that a top official at the camp complained he is “sick of having to be Maxwell’s bitch,” underscoring the frustration some staff reportedly feel about her preferential treatment.

Political Backlash

This combination of possible special privileges and Maxwell’s commutation effort has triggered outrage among Democrats. House Judiciary Committee Ranking Member Jamie Raskin (D-Md.) wrote a letter to President Trump demanding full disclosure of Maxwell’s application and an immediate rejection of her request.

Raskin was blunt about his position, stating, “You should not grant any form of clemency to this convicted and unrepentant sex offender.” He also called for accountability regarding the alleged perks, emphasizing that the administration “should not be providing her with room service, with puppies to play with, with federal law enforcement officials waiting on her every need, or with any special treatment or institutional privilege at all.”

Further, Raskin has requested that Deputy Attorney General Todd Blanche appear before Congress in a public hearing to address these allegations.

Timing and Context

Maxwell’s transfer to the Texas facility happened just a week after she met with Deputy Attorney General Todd Blanche and her lawyer, David Oscar Markus. The timing seems strategic, especially since President Trump has recently issued a number of pardons and commutations.

These recent clemencies include high-profile figures such as former New York City Mayor Rudy Giuliani, former Rep. George Santos, and others involved in election challenges.

When asked earlier in October about the possibility of pardoning Maxwell—after the Supreme Court rejected her challenge to her conviction—President Trump was noncommittal. He admitted he hadn’t “heard the name in so long” but said he would “have to take a look at it.” When pressed further, he responded, “I wouldn’t consider it or not consider, I don’t know anything about it.”

As the debate over Maxwell’s treatment and potential early release continues, many are watching closely to see whether President Trump will grant her request for clemency amid mounting political pressure.
https://wegotthiscovered.com/news/ghislaine-maxwell-admits-she-is-happier-in-prison-while-enjoying-room-service-and-puppies-as-trump-considers-commuting-her-sentence/

Clearwater Analytics: Pipeline Is Robust As Expansion Continues

Analyst’s Disclosure:
I/we have no stock, option, or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure:
Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole.

Seeking Alpha is not a licensed securities dealer, broker, or US investment adviser or investment bank. Our analysts are third-party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
https://seekingalpha.com/article/4841474-clearwater-analytics-pipeline-is-robust-as-expansion-continues?source=feed_all_articles

Nuclear power will get the most Energy Department loans, Chris Wright says

Nuclear Power to Receive Majority of Energy Department Loan Funds as Trump Administration Accelerates New Reactor Projects

Nuclear power is set to receive most of the funding from the Energy Department’s loan office as the Trump administration pushes to rapidly initiate construction on new reactors, Energy Secretary Chris Wright announced on Monday.

“We have significant lending authority at the loan program office,” said Secretary Wright during a conference hosted by the American Nuclear Society in Washington, D.C. “By far the biggest use of those dollars will be for nuclear power plants to get those first plants built.”

In May, President Trump signed an executive order directing the U.S. to break ground on 10 large nuclear reactors by 2030, signaling a strong government commitment to expanding nuclear energy capacity.

Private Sector Investments Fueling Nuclear Expansion

Major technology companies including Alphabet, Amazon, Meta Platforms, and Microsoft are investing billions of dollars to restart old nuclear plants, upgrade existing facilities, and deploy new reactor technologies to meet the rising electricity demands from artificial intelligence (AI) data centers.

Wright highlighted the growing role of AI-driven electricity needs in attracting capital. “I expect electricity demand from AI to attract billions of dollars in equity capital to build new nuclear capacity from very creditworthy providers,” he said.

The Energy Department is prepared to match private investments with low-cost debt financing from its loan office, potentially leveraging private funds by as much as four to one.

Looking towards the future, Wright expressed optimism: “When we leave office three years and three months from now, I want to see hopefully dozens of nuclear plants under construction.”

Westinghouse Deal Paves the Way for Major Nuclear Projects

Last month, the Trump administration finalized a deal with Westinghouse’s owners to invest $80 billion in constructing nuclear plants across the United States.

Westinghouse, owned by uranium miner Cameco and Brookfield Asset Management, has developed the AP1000 reactor — a modern design capable of powering more than 750,000 homes.

In July, Westinghouse CEO Dan Sumner affirmed the company’s commitment to President Trump’s goal, stating they would meet the call to build large new plants using the AP1000 design.

Cameco’s Chief Operating Officer Grant Isaac also noted during Cameco’s third-quarter earnings call that the U.S. government has various financing options available to support Westinghouse reactor projects, including the Energy Department’s loan office.

“We’re assured that there is a lot of interest in investing this minimum $80 billion in order to begin the process,” Isaac told investors.

Potential Public Offering and Past Challenges

Under the terms of the October agreement, Westinghouse could spin off as a separate publicly-traded company, with the U.S. government as a shareholder.

However, the company has faced challenges in the past. Westinghouse went bankrupt in 2017 due to cost overruns on major nuclear projects in Georgia and South Carolina.

Two AP1000 reactors began service at Plant Vogtle in Georgia in 2023 and 2024, but these projects were completed years behind schedule and billions of dollars over budget. Meanwhile, the South Carolina project was ultimately cancelled.

Despite these hurdles, the recent government backing and private sector investment signal renewed momentum for nuclear power in the U.S., aiming to meet future energy demands and strategic goals.
https://www.cnbc.com/2025/11/10/nuclear-power-energy-department-chris-wright-loan-westinghouse-ai-data-center.html