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05.10.26 - 14:24
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Vistra In Line For $4 Billion Nuclear Loan As Washington′s Lending Spree Continues (ZeroHedge)
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Vistra In Line For $4 Billion Nuclear Loan As Washington's Lending Spree Continues
The Trump administration plans to offer Vistra roughly $4 billion in loans to uprate an additional 433 MW from its Perry and Davis-Besse plants in Ohio and Beaver Valley in Pennsylvania, Bloomberg reported Friday. Energy Secretary Chris Wright could announce the package Monday during a visit to the Perry plant.
Earlier this year, Meta signed a deal with Vistra for electricity from the same three power plants. The 20-year power purchase agreements (PPAs) cover 2,176 MW of existing generation and another 433 MW from planned uprates across those three plants.
None of this should surprise anyone who remembers Wright's promise that nuclear would receive the biggest share of the DOE loan office's financing.
“By far the biggest use of those dollars will be for nuclear power plants,” he said last November. DOE reported that their Energy Dominance Financing (EDF) office had over $250 billion in available lendi...
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04.10.26 - 18:51
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Why So Many Social Science Claims Are False (ZeroHedge)
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Why So Many Social Science Claims Are False
Authored by Christopher J. Ferguson via RealClearInvestigations,
One of the most urgent questions facing society today is the potential impact of AI on education and labor markets. So it's no surprise that two scientists attempted to provide an answer, producing a meta-analysis suggesting that incorporating ChatGPT in schooling dramatically improved student outcomes. Social media and online sources promoted the 2025 study as a beacon of bright light.
The problem is that the researchers' conclusions were later found to be unreliable, and the study was retracted in April - another blow to the public's faith in science.
Scientists are increasingly chasing answers to big questions in fields from health care to climate change to AI. The academic research industry incentivizes them to produce the biggest possible findings that make for splashy headlines and career promotions. But such discoveries are rare in science, and too often, the result is widespr...
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04.10.26 - 13:54
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Jio Platforms IPO likely by Oct-end; $3.8 bn issue, $143-146 bn company valuation: Report (Times of India)
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Jio Platforms is preparing for its stock market debut with an estimated issue size of $3.8 billion, which could set records. The IPO aims for a valuation of $143-146 billion, with filings expected in mid-October. Reliance Jio's expansion includes telecom, cloud, AI, and services, reporting significant financial growth recently. Past investors include tech giants like Meta and Google, contributing substantial capital to the company....
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