Ga. Fuel new reactors in nuclear power plants
ATLANTA — A nuclear power plant under construction in Georgia can begin loading radioactive fuel into one of its two new reactors, federal regulators announced on August 3.
Southern Nuclear Operating Company hopes to begin loading fuel into Plant Vogle’s third reactor south of Augusta in October, said Southern Nuclear parent company chief Tom Fanning. CEO said.
Inspectors “independently verified that Vogel 3 was properly constructed and will protect public health and safety when it is put into operation,” said Andrea Bayle, director of the Nuclear Reactor Regulation Authority. . She said she would “watch carefully” as the unit moved forward.
The 3rd and 4th reactors were approved for construction at Bogle in 2012, and the 3rd reactor was scheduled to start producing electricity in 2016. From an initial $14 billion he has grown to over $30 billion.
New Crypto Supervision Bill Lands in DC
WASHINGTON — Thirteen years later, after at least three crashes, dozens of scams and Ponzi schemes, and hundreds of billions of dollars in creation and vaporization, cryptocurrencies have finally captured the full attention of Congress.
Lawmakers and lobbyists have submitted proposals to the Capitol on how to regulate the industry.
The Aug. 3 proposal from Democratic Senator Debbie Stabenow of Michigan and Republican Senator John Boozman of Arkansas would hand over Bitcoin and Ether regulators to the Commodity Futures Trading Commission. A bill proposed by other members of Congress and consumer advocates proposes to empower the Securities and Exchange Commission.
OPEC, allies boost oil production at a slower pace
LONDON — The OPEC oil cartel and its allies have decided to ramp up production in September at a much slower pace than the previous month.
The move, announced on August 3, comes amid high gasoline prices and unstable energy supplies, exacerbated by Russia’s war on Ukraine. Saudi Arabia-led OPEC and its Russian-led ally have said they will increase production to 100,000 barrels per day next month after increasing production by 648,000 barrels per day in July and August.
US President Joe Biden visited Saudi Arabia last month in a bid to improve relations and encourage more oil production from OPEC to bring down high prices.
Rising Prescriptions Help Drive CVS Health
NEW YORK — CVS Health beat second-quarter expectations and raised its full-year guidance. That’s because rising prescription claims and sales of his COVID-19 test kits countered a decline in immunizations.
Overall, quarterly net income increased to $2.96 billion. Total revenue increased by 11%, he surpassed $80.6 billion.
A longer cough, cold and flu season also brought in more business, with claims in CVS Health’s largest segment, pharmacy benefits management, up about 4%. Pharmacy sales at established drugstores also increased by more than 7%.
CVS Health delivered approximately 6 million vaccinations in the quarter, down from approximately 17 million a year earlier.
The company now expects adjusted earnings per share of $8.40 to $8.60 this year, up 20 cents from its previous forecast.
CVS, which operates one of the nation’s largest drugstore chains, has about 10,000 retail outlets and is expected to drop about 300 stores in total this year. It also operates prescription drug plans for large customers and offers health insurance through its Aetna division.
Nintendo’s Profits Rise Despite Chip Shortage
TOKYO — Nintendo’s April-June quarterly earnings rose 28% from a year ago on healthy demand for games, but a shortage of semiconductors dampened console sales.
The Japanese video game maker behind the Super Mario and Pokémon franchises plans to sell 21 million Switch machines in the fiscal year ending March 2023, it said on Aug. 3.
Other game makers like Sony have also been hit by chip shortages, but are also getting a boost from COVID-19, which has kept people at home. The profit boost is fading.