The Biden administration on Tuesday laid out its vision for the Senate version of the annual Pentagon policy bill on a range of issues, including a new nuclear missile, visas for Afghans and a lack of funds for military construction projects.
White House seeks more Ukraine weapons support in Senate NDAA
Tag: Research and Development
Tech war: US tightens export rules with ban on Nvidia, AMD selling advanced AI chips to China
Bill Gates and the Secret Push to Save Biden’s Climate Bill
Bill Gates and the Secret Push to Save Biden’s Climate Bill
Gates started wooing Manchin and other senators who might prove pivotal for clean-energy policy in 2019 over a meal in Washington DC. “My dialogue with Joe has been going on for quite a while,” Gates said. “Almost everyone on the energy committee” — of which Manchin was then the senior-most Democrat — “came over and spent a few hours with me over dinner.”
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Also at Manchin’s insistence, automakers also will see new strings attached to electric vehicle tax incentives so they will have to be made in North America and, by 2024, can’t use batteries sourced from China. Labor leaders bemoaned that the final package doesn’t contain much support for workers who lose their jobs in the green transition.
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There’s been such whiplash from 2016 when, as Gates puts it, green spending from the US government “had dropped to near zero.” Six years later, American climate finance has been “reinvigorated,” and Gates now sees innovation “going way faster than I expected. That’s why I’m optimistic that we will solve this thing.”
The working class is going to be thrown under the bus, but at least Bill Gates is happy. 🤷🏼♀️
An Unjustified Fear Of Nuclear Energy Is Holding The Industry Back
Governments are backing nuclear power in a big way but fears of disasters still linger, with any mishap having the potential to derail the big nuclear resurgence. As governments get behind nuclear projects for the first time in several decades, in order to boost their energy security, many continue to be fearful of nuclear developments for both safety and environmental reasons. But will leaders be able to convince the public of the need for nuclear energy as part of a green transition? Nuclear energy was hailed years ago as the cleaner alternative to fossil fuels that could provide reliable energy to countries around the globe. But as it was increasing in popularity, with several major global developments being achieved, three notable disasters undermined the potential for widespread nuclear development. The events of Three Mile Island in Pennsylvania in 1979; Chornobyl in 1986; and Fukushima in Japan in 2011 led to a movement away from the development of nuclear projects in favor, largely, of fossil fuels.
An Unjustified Fear Of Nuclear Energy Is Holding The Industry Back
Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China
Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China
The CHIPS and Science Act of 2022 passed in a vote of 63-33, with 17 Republicans voting in favor. The over 1,000-page legislation includes $52.7 billion for direct funding for the construction and expansion of semiconductor manufacturing and $24 billion for tax incentives and other purposes.
The bill will authorize roughly $200 billion in science and technology research funding that will be spread across several government agencies over the next five years. The largest recipient of the research funds will be the National Science Foundation, which will receive $81 billion.
Related:
Third, the CHIPS Act actually has provisions designed specifically to restrict investments in China. These so-called “guardrails” require that companies taking federal dollars for American projects must also agree not to invest in state-of-the-art technology in China—not just with the federal dollars, with any dollars. Good-faith critics have raised fair concerns that these guardrails should be broader, tougher, and firmer. But any guardrails at all represent unprecedented restrictions on what U.S. companies can do in the People’s Republic. It’s one thing to say an ideal bill would hurt China even more; it’s quite another to try and claim that less-than-perfect restrictions count as “help.”
Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS
Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS
Just before the Senate passed a major bill to subsidize computer chip manufacturers on Wednesday, House Speaker Nancy Pelosi’s (D-California) husband sold thousands of shares of Nvidia — a tech company that could stand to gain from the passage of the nearly $80 billion bill.
Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS
Related:
Nancy Pelosi And Husband Sell NVIDIA Corp Stock After Public Pressure
“I think this comes in response to public pressure and the conflict of interest her stock position posed,” the founder of Congresstrading.com, who asked to remain anonymous due to the sensitive nature of his site, told Benzinga.
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“It is surprising to see the sale. Also, what’s surprising here is that she sold and reported one day later. Usually she takes a couple of weeks. She wanted the public to know she cleared her books of this conflict of interest immediately.”
Congresstrading also noted Pelosi’s filings typically come on Fridays, when the media may potentially bury the story over the weekend.
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The Nancy Pelosi Tracker on Twitter, which shares transactions by the Speaker of the House, noted the transaction history of NVIDIA Corporation by the Pelosis dates back to May 2021. According to the account, the Pelosis still own 50 options on NVIDIA Corporation with a strike price of $100 and expiration of Sep. 16, 2022 that were purchased back on July 23, 2021.
Pelosi remains one of the most active filers of stock transactions in Congress due to her husband being a venture capitalist.
Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote + Newly sworn-in SEC commissioner is former Pelosi aide
Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote
It’s worth noting that Nvidia designs their owns chips, but hires other companies to manufacture them and likely would not directly receive benefits from subsidies related to this congressional bill.
Related:
Newly sworn-in SEC commissioner is former Pelosi aide
Chips and Dip: Congressional Trading in the Semiconductor Industry since 2020
The whale had to separate Speak Pelosi and Rep. Kim Schrier’s huge AAPL sell offs, as they make their House colleagues’ trades look like peanuts.
US ‘Chips Alliance’ scheme will exacerbate global chip crunch
Wall Street Is the Root Cause of the Supply Chain Crisis
Microsoft founder Bill Gates warns of bioterrorist attacks and urges world leaders to use ‘germ games’ to prepare in interview with Jeremy Hunt
The nice thing is a lot of the R&D we need to do to be ready for the next pandemic are things like making vaccines cheap, having big factories, eradicating the flu, getting rid of the common cold, making vaccines just a little patch you put on your arm, [are] things that will be incredibly beneficial even in the years when we don’t have pandemics.
Ms. Cat’s Chronicles 
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