GBA Presents: House of Gummy-!

How come deficits only matter under democrats? I remember getting my ass handed to me debating Le Republicans care about balanced budgets until seeing the Ronald, Bush Sr, Bush jr numbers and Trump’s wild expansion. Joe Kernal on CNBC never mentioned them.
 
ANOTHER SUPER CHART-- OII// DOES HAVE A RICH PE BUT THE SECTOR AS A WHOLE DOES.
TDW IS A PE OF 62 // OII 38.

THIS IS EASILY PLAYED-- YOU CAN PLACE A STOP AT $23.50.

WITH THE KNOWLEDGE $21 IS YOUR FLOOR.

LET IT RIDE OTHERWISE...

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Oceaneering International, Inc. (OII)
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At close: September 22 04:00PM EDT
 
TrailerParkTed said:
How come deficits only matter under democrats? I remember getting my ass handed to me debating Le Republicans care about balanced budgets until seeing the Ronald, Bush Sr, Bush jr numbers and Trump’s wild expansion. Joe Kernal on CNBC never mentioned them.
More...



I forget the political set up but did Trump have Republican control of the Senate when he was President/ Magistrate?

President Trump increased the national debt by $8 trillion.>

Trump’s most enduring legacy could be the historic rise in the national debt
It rose almost $7.8 trillion during his time in the White House — approaching World War II levels, relative to the size of the economy. This time around, it will be much harder to dig ourselves out.

The growth in the annual deficit under President Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to one expert. (Jabin Botsford/The Washington Post)

One of President Donald Trump’s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch.

The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt....

And royally screw us innocent investors.....
 
stonedinvestor said:
I forget the political set up but did Trump have Republican control of the Senate when he was President/ Magistrate?

President Trump increased the national debt by $8 trillion.>

Trump’s most enduring legacy could be the historic rise in the national debt
It rose almost $7.8 trillion during his time in the White House — approaching World War II levels, relative to the size of the economy. This time around, it will be much harder to dig ourselves out.

The growth in the annual deficit under President Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to one expert. (Jabin Botsford/The Washington Post)

One of President Donald Trump’s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch.

The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt....

And royally screw us innocent investors.....
More...
They had both, when asked about “National Deficit” Ryan and Turtle laughed and said they don’t matter. The middle class got nothing from the Trump Tax cuts.
 
--Steel Dynamics upgraded to Buy from Neutral at Citi » 08:55 STLD

--Port of Antwerp-Bruges officials visit PureCycle's Ironton facility » 08:40 PCT

--Telsey says Amazon ad-supported Prime Video 'a clever way' to raise fees » 08:30 AMZN

In Dana we trust!
 
Great Move!


Amazon to Invest Up to $4 Billion in AI Startup Anthropic

  • (Bloomberg) -- Amazon.com Inc. will invest as much as $4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup.
    As part of the deal, Anthropic will move most of its software to Amazon Web Services data centers, and use the cloud computing company’s homegrown chips to train the models it uses to power chatbots and other applications. Besides getting access to Amazon’s computing power, Anthropic will gain a financial infusion that will help it pay the huge costs required to train and run massive AI models. Amazon will have a minority position in Anthropic, the companies said in a statement on Monday.

    Amazon shares gained about 1%, to $130.31, in premarket trading in New York.

    The e-commerce and cloud computing giant has long taken stakes in partners in areas it deems a priority, including cargo airlines, a grocery distributor and an electric truck manufacturer. But if the investment in Anthropic lands anywhere near $4 billion, it would represent the largest known piece of corporate dealmaking directly related to AWS. The unit has tended to build its own products rather than relying on technology or businesses purchased from others, making relatively modest acquisitions in a market of hype-fueled, billion-dollar valuations. Amazon says its engineers, including those who work outside of AWS, will have access to Anthropic’s models.

    AWS is the world’s largest seller of on-demand computing power and data storage. But it has been widely seen as a laggard in the emerging field of computer models trained to generate text, images and other content because it has lacked both a hit product and a high-profile exclusive partner in the arena. ChatGPT creator OpenAI runs its software on Microsoft Corp.’s data centers, a partnership based on a $13 billion investment that has sparked a renewal for Amazon’s Seattle-area neighbor.

    Amazon executives have said that it’s early days for so-called generative AI, and that more than 100,000 customers have used the company’s machine-learning tools to date. Anthropic’s foundational model, called Claude, was already available as part of an Amazon service called Bedrock, still in early release, that makes both Amazon and third-party models available to its customers.

    “We have tremendous respect for Anthropic’s team and foundation models, and believe we can help improve many customer experiences, short- and long-term, through our deeper collaboration,” Amazon Chief Executive Officer Andy Jassy said in a statement.

    The deal also represents a milestone moment for Amazon’s in-house chipmaking effort, which includes processors called Trainium and Inferentia that are designed to power machine-learning applications. Most cutting-edge artificial intelligence applications rely on pricey chips built by Nvidia Corp. that can be hard to come by. Anthropic will use AWS chips to build and train future foundational models, the companies said.

    Founded by OpenAI veterans, Anthropic has raised more than $1 billion to date with a pitch to make a safer kind of chatbot for such tasks as summarizing, searching, answering questions and coding. The company’s backers include Alphabet Inc.’s Google, which invested almost $400 million in Anthropic, Bloomberg reported in February. Google is also an AWS cloud rival and builder of models used in generative AI.

    “By significantly expanding our partnership, we can unlock new possibilities for organizations of all sizes, as they deploy Anthropic’s safe, state-of-the-art AI systems together with AWS’s leading cloud technology,” Anthropic co-founder and CEO Dario Amodei sai
 
RONTON, OH / ACCESSWIRE / September 25, 2023 /PureCycle Technologies, Inc. (Nasdaq: PCT) recently hosted officials from the Port of Antwerp-Bruges ("PoAB"), including CEO Jacques Vandermeiren, at their flagship purification facility in Ironton. The PoAB group was shown the ongoing operations at the facility which will closely resemble PureCycle's future facility in Europe.

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PureCycle CEO Dustin Olson said, "It's always great to host visitors to our facility, but this was extra special. Jacques and his team from the Port of Antwerp-Bruges have been incredibly supportive of PureCycle's efforts to bring our recycling technology to Europe. It was great to have them get more familiar with our process and see some of the recently produced pellets."

The visit from the PoAB delegation comes following the recent Green Transition: Belgium-US Partnership event in New York, NY on September 20th. PureCycle CEO Dustin Olson attended the event and had the chance to discuss collaborative opportunities with both the Belgian Prime Minister Alexander De Croo and Vandermeiren.

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PoAB CEO Jacques Vandermeiren added, "I've seen the pictures and videos of the Ironton facility, but until you see it in person, you can't really grasp the true scale of the operation. This is a great advancement for our planet and the circularity of plastics. We can't wait to see a facility like this at the Port of Antwerp-Bruges."


With PureCycle's first-of-its-kind approach to creating a circular economy for polypropylene, the company strategically fits within the NextGen Districts ambition to be a hub for businesses seeking to advance the circular economy.

PureCycle's VP of European Operations Wiebe Schipper added, "It was great being able to offer the PoAB group a ‘sneak preview' of what PureCycle Antwerp is going to look like. We thank the delegation for making time in their busy schedule to come see our flagship plant in Ironton."

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Located within the NextGen District at the Port of Antwerp-Bruges, PureCycle's future site will occupy a 14-hectare plot that can house up to 4 purification lines. This means the site has the capability of creating an anticipated total capacity of 240,000 metric tons of PureCycle's Ultra-Pure Recycled resin annually.

PureCycle's Antwerp site was chosen from an extensive list of approximately 40 other European locations due to its unique balance of supported infrastructure, sustainability goals and deep ties to geopolitics throughout Europe.

PureCycle is set to begin construction in 2024 after the completion of the permitting process.
 
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