Europe’s digital sovereignty: from doctrine to delivery

Safeguarding innovation, prosperity and freedom does not mean excluding global collaboration or becoming isolated.

POLITICO
LG Energy Solution reported a 34% year-on-year jump in Q3 operating profit to 601 billion won, beating market expectations despite a 17% drop in revenue, as cost controls and U.S. tax credits offset weaker EV battery demand.
#YonhapInfomax #LGEnergySolution #OperatingProfit #Q3Earnings #InflationReductionAct #ESSProduction #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=88177
LG Energy Solution Posts Q3 Operating Profit of 601 Billion Won, Up 34% Year-on-Year (Update)

LG Energy Solution reported a 34% year-on-year jump in Q3 operating profit to 601 billion won, beating market expectations despite a 17% drop in revenue, driven by U.S. tax credits and increased ESS production.

Yonhap Infomax
Brace for a "Premium Apocalypse" in US health insurance, warns Paul Krugman. As enhanced ACA subsidies from the Inflation Reduction Act end, premiums will soar, pushing many out of coverage and destabilizing markets. Democrats demand extensions to avoid this crisis rooted in political deadlock. Deep insights here: https://paulkrugman.substack.com/p/understanding-the-coming-premium #PaulKrugman #ACA #healthinsurance #premiums #Democrats #Republicans #InflationReductionAct #USpolitics
Understanding the Coming Premium Apocalypse

Why health insurance is about to become unaffordable

Paul Krugman

Subsidies for Fossil Fuel Firms Have Doubled Since 2017, Now $35 Billion a Year

Federal subsidies for the fossil fuel industry have more than doubled since 2017 to an estimated $34.8 billion each year, a new analysis from Oil Change International has found. The report’s authors say that amount could soar to hundreds of billions of dollars in the years to come if lawmakers fail to rein in subsidies for controversial carbon capture and hydrogen technologies.

Source

This post has been syndicated from Truthout, where it was published under this address.

Subsidies for Fossil Fuel Firms Have Doubled Since 2017, Now $35 Billion a Year

Oil and gas companies could gobble up billions in tax credits if lawmakers don’t act, warn the authors of a new report.

Truthout
South Korea's Deputy Prime Minister Gu Yoon-chul said the government is reviewing a domestic production incentive tax scheme, dubbed the "Korean IRA," and is consulting with experts, with a decision to follow ongoing customs negotiations.
#YonhapInfomax #DomesticProduction #TaxIncentive #GuYoonChul #InflationReductionAct #CustomsNegotiations #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=75875
Gu Yoon-chul Says Government Considering Domestic Production Incentive Tax Scheme—Discussions Underway with Experts - Yonhap Infomax

South Korea's Deputy Prime Minister Gu Yoon-chul said the government is reviewing a domest

Yonhap Infomax
LG Energy Solution targets significant H2 profit growth by ramping up North American ESS production, offsetting weak EV battery demand, and leveraging IRA tax credits.
#YonhapInfomax #LGEnergySolution #ESS #NorthAmerica #OperatingProfit #InflationReductionAct #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=73844
'ESS to Fill EV Gap'—LG Energy Solution Confident in H2 Profit Recovery (Comprehensive)

LG Energy Solution targets significant H2 profit growth by ramping up North American ESS production, offsetting weak EV battery demand, and leveraging IRA tax credits.

Yonhap Infomax

How the One Big Beautiful Bill Act Changed America’s Clean Energy Policy

"The summary takes each clean energy-related provision in the U.S. tax code and summarizes how (and whether) it existed in the 2000s and 2010s, how the Inflation Reduction Act changed it, and how the new OBBBA will change it again."

https://heatmap.news/politics/obbba-ira-differences
#InflationReductionAct

All the Energy Policy Changes in the One Big Beautiful Bill

The landmark Republican reconciliation bill, which President Trump signed on July 4, has shattered the tax credits that served as the centerpiece of the country’s clean energy and climate policy.Starting as soon as October, the law — which Trump has dubbed the One Big Beautiful Bill Act — will cut o...

Heatmap News

‘Big Beautiful Bill’ will have Americans paying higher prices for dirtier energy https://theconversation.com/big-beautiful-bill-will-have-americans-paying-higher-prices-for-dirtier-energy-260588

It accelerates the phaseout of tax credits for factories that manufacture equipment needed for renewable energy and electric vehicles. That would disrupt the boom in domestic manufacturing projects that had been stimulated by the Inflation Reduction Act.

#USPol #BigBeautifulBill #InflationReductionAct

Weekly output: Android and Wear OS updates, Gmail’s Manage Subscriptions tool, Grok coming to Teslas, clean-energy rebates and tax credits

This week saw the return of one of Washington’s most treasured rites of summer: the free outdoor concerts at Fort Reno Park in Tenleytown. Unfortunately, I let myself get spooked by the weather forecast for Monday’s show and then had a schedule conflict for Thursday’s show–and now I see that the forecast calls for rain tomorrow evening.

7/9/2025: Google Unpacks Another Round of AI Features, Starting With Gemini On Wear OS, PCMag

SamsI contributed a tiny bit of PCMag’s coverage of Samsung’s latest Unpacked product-announcement event with this writeup of some new features Google announced for some of Samsung’s new hardware.

7/9/2025: Gmail’s New ‘Manage Subscriptions’ Feature Is Here, But It Doesn’t Go Far Enough, PCMag

If I had written about this new Gmail feature only from Google’s announcement of it, this might have been a much more positive piece. But what they rolled out doesn’t come close to helping Gmail users cope with their overflowing inboxes.

7/10/2025: After Elon Musk Says Grok Is Coming to Teslas, the Jokes Drive Themselves, PCMag

Writing this short post took longer than I expected because it represented my belated introduction to the content-embedding feature in PCMag’s CMS.

7/11/2025: Interested in Clean-Energy Tax Credits? The Clock Is Ticking Thanks to Trump’s ‘Big Beautiful Bill’, PCMag

Researching this piece felt like doing my taxes, with the added annoyance factor of my knowing that we were never eligible for some of the Inflation Reduction Act’s incentives anyway.

 

#android #cleanEnergy #ElonMusk #gmail #greenEnergy #Grok #heatPump #InflationReductionAct #IRA #ManageSubscriptions #OneBigBeautifulBill #reconciliationBill #Samsung #SamsungUnpacked #Tesla #WearOS

A D.C. summer isn’t complete without a Fort Reno concert

I don’t get out to concerts much these days, but Monday allowed me to check out a couple of indie-rock bands for free. The Northwest D.C. venue I attended lacked such typical amenities as a b…

Rob Pegoraro

Climate policy faces setback as House Republicans advance bill against Inflation Reduction Act. #ClimateAction #EnvironmentalPolicy #InflationReductionAct

https://insideclimatenews.org/news/22052025/inside-clean-energy-republican-ira-repeal/

House Republicans Have Passed a Bill to Gut the IRA. What Happened to All the Supposed Holdouts? - Inside Climate News

The fate of the Inflation Reduction Act is in the hands of a few dozen elected officials who are weighing principles, partisan leanings and their districts’ economic interests.

Inside Climate News