US Economy

LG Energy, SK Sell US IRA Subsidy Rights to Offset Cash Shortages

TL/DR - South Korean secondary battery producers LG Energy Solution and SK are looking to sell the rights to subsidies under the US Inflation Reduction Act (IRA) to improve cash flows. The subsidies are linked to the firms' US sales and manufacturing operations, and the process to receive the subsidies typically takes more than a year. The two…
Politics

Kari Lake’s Senate Ad Targets Biden, Gallego on Border Issues

TL/DR - U.S. Senate candidate Kari Lake has started airing a TV ad criticizing President Joe Biden's border policies and her Democratic opponent Ruben Gallego. The ad, which cost an estimated $136,000, has been slated to run on broadcast, cable TV, and digital platforms. The TV ad marks the first significant broadcast spending by Lake since…
US News

Teen Gunman Intercepted at Louisiana Catholic Church Communion

TL/DR - An armed teenager entered St. Mary Magdalen Catholic Church in Louisiana during a First Holy Communion service. The potential incident was avoided as several churchgoers confronted the teenager. The 16-year-old has since been charged with a count of terrorizing and two counts of firearm possession by a juvenile, according to the Abbeville…
US Economy

Biden’s Investment Agenda Cuts Costs for Families

TL/DR - President Biden's Investing in America agenda and Inflation Reduction Act have resulted in tax credits that enable families to save on home energy technologies. Other energy efficiency improvements can also offer tax credits up to $1,200 per year. In addition, multiple states are planning to initiate home energy rebate programs funded by…