Constellation Energy to Buy Power Producer Calpine

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  Energy Dept. Offers Utilities $22 Billion to Reshape U.S. Power Grids

  The loan guarantees are one of the final attempts by the outgoing Biden administration to encourage power companies to cut emissions while trying to keep rates down.
  
  The New York Times - 10h

• Constellation’s stock soared on AI hopes. Now the energy company is using those gains to buy Calpine in $16 billion deal.

  Constellation Energy Corp., an electricity provider whose stock has doubled over the last year on hopes it will help meet the voracious energy demand created by artificial-intelligence ...
  
  MarketWatch - 6d

• Constellation Brands’ stock slides as CEO cites ‘uncertainty’ about consumer spending

  The parent of the Modelo and Corona beer brands lowered its 2025 outlook, despite third-quarter profit growth.
  
  MarketWatch - 6d

• Honda reveals two new '0 Series' EVs to be produced in Ohio

  The vehicles are the Honda 0 Saloon, which is an updated version of a concept car revealed last year at CES, and the Honda 0 SUV.
  
  CNBC - Jan. 7
• 

  What Do Movie Producers Do, Anyway?

  And why do they get the trophy for best picture at the Oscars?
  
  The New York Times - Jan. 5

• At Lorna Simpson’s Show, a Constellation of Galactic and Human History

  In celestial hues the artist’s turn to the cosmos, and abstraction, bring us back to vital matters on earth.
  
  The New York Times - Jan. 2
• 

  Constellation Inks $1 Billion Nuclear Power Deal

  Under the contracts, Constellation will deliver electricity to more than 13 federal agencies.
  
  Inc. - Jan. 2
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  Green-Energy Firms' Pitch to Trump: You're Going to Need a Lot of Power

  Instead of touting projects as “clean and affordable,” renewables firms are highlighting their projects’ ability to meet energy needs.
  
  The Wall Street Journal - Jan. 1
• 

  Biden speaks to Puerto Rico Gov, Energy Secretary about power outages

  President Biden said he spoke with the governor of Puerto Rico and the energy secretary after a blackout hit nearly all of the island early Tuesday morning. During their talk, Biden offered Puerto ...
  
  The Hill - Jan. 1

More from The New York Times

• 

  The Cost of Surviving a Wildfire

  Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future.
  
  The New York Times - 9h
• 

  A First-Day Trump Order: A Federal Stockpile of Bitcoin?

  The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.
  
  The New York Times - 9h
• 

  Amid Warnings About Alcohol and Cancer, the N.A. Drinks Industry Could Get a Boost

  The nonalcoholic beverage industry could get a boost from the surgeon general’s warnings linking alcohol to some cancers. But don’t expect the industry to condemn your glass of pinot.
  
  The New York Times - 16h
• 

  On TikTok, Users Mock Looming U.S. Ban

  Ahead of a Supreme Court ruling, they are mocking U.S. national security concerns about the Chinese-owned app.
  
  The New York Times - 11h
• 

  What to Know About the E.V. Tax Credit That Trump Might Repeal

  Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.
  
  The New York Times - 16h

More in Business

• SpaceX's Starship rocket breaks up after launch, flights divert after FAA debris warning

  SpaceX launched the seventh test flight of its Starship rocket on Thursday.
  
  CNBC - 4m
• 

  China economy live: 2024 GDP forecast to hit ‘around 5%’ target

  Financial Times - 1h

• Small-cap ETFs went on a wild ride. Can they regain momentum after Trump takes office?

  Small-cap ETFs have been on a roller-coaster ride in the first two weeks of the new year.
  
  MarketWatch - 1h

• Top Supreme Court lawyer charged with tax evasion related to poker winnings

  Lawyer Tom Goldstein co-founded SCOTUSblog, which chronicles Supreme Court cases. He has appeared dozens of times before the high court.
  
  CNBC - 2h

• Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ

  Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.
  
  CNBC - 2h