The Obama administration plans to close the last remaining American-owned uranium enrichment facility in the United States, even as it moves forward on a controversial nuclear deal with Iran that permits the Islamic Republic to conduct ongoing and significant uranium enrichment.
From Newsmax Sep 28: The U.S. Department of Energy (DOE) has informed Centrus Energy it will end the American Centrifuge project in Piketon, Ohio, on Sept. 30. Notices have been issued to some 235 workers that their jobs are in jeopardy.
"We have concluded that continued support from the federal government for additional data from Piketon operations has limited remaining value," a joint DOE/National Nuclear Security Administration statement said, reports the Chillicothe Gazette.
"This is beyond belief," Rep. Brad Wenstrup, R-Ohio, responded in a statement. "While this administration is greenlighting uranium enrichment in Iran and legitimizing 6,000 Iranian centrifuges, they're shutting down domestic production here in America."
Wenstrup called the closure decision "a dangerous threat to our national security."
In its announcement that it will shutter American Centrifuge, the DOE announced the enrichment technologies developed at Piketon may be transferred to the Oak Ridge National Laboratory in Oak Ridge, Tennessee.
As recently as 20 years ago, the United States produced nearly 50 percent of the global supply of enriched uranium. Today, however, U.S. production accounts for only about 10 percent of the global supply, with Russia, France, the United Kingdom, Germany, and Holland producing the bulk of the world's enriched uranium.
looks like the current spot SWU price is about $64/SWU, a new low.
Source: The Ux Consulting Company, LLC
It was $162 in 2009
Today's price is a 30 year low.
Stock price could quadruple and it wouldn't be overvalued!
I pity the fool who obsesses about the PE ratio!
The Iran nuclear deal is silent on an issue that the CIA and proliferation experts are concerned about: that Tehran may outsource parts of its nuclear and missiles program to the secretive regime in North Korea, which on Tuesday committed itself to producing more fuel for nuclear bombs.
CIA Director John Brennan acknowledged Tuesday his agency is monitoring whether Iran may try to assist its clandestine nuclear program with help from another rogue state such as North Korea, or by colluding with Pyongyang toward the secret purchase and transfer of nuclear weapons for Tehran.
It's a disaster for people who bought higher. If you bought today in the 9's and it hit 12 by Christmas you'd be singing the company's praises.
"We are disappointed that the IGNITE2 trial did not achieve its primary endpoint. We plan to further analyze the data and provide an update after we have discussed the data and our plans for a path forward with the regulatory agencies," said Tetraphase CEO Guy Macdonald, in a statement. "We previously announced positive data from the IGNITE1 phase III clinical trial of eravacycline administered intravenously in complicated intra-abdominal infections which did meet its primary endpoint, demonstrating high cure rates in prevalent Gram-negative pathogens and a favorable safety profile."
Based on the positive results in the IGNITE1 trial, the drug DOES work, so the stock is worth a lot more than $9. I bought some at $9.19. Heck, at this price TTPH becomes a takeover target. My modest short-term target is $12 .
On Sep 4th Lannett Company had a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%..
Zach's does some decent research, but their recommendations/ranking is a random number generator.
President Obama’s decision two years ago to reduce the role of nuclear weapons in U.S. military and defense policies is being challenged by Russia’s large-scale buildup of nuclear forces, along with Moscow’s revised nuclear doctrine and recent threats to use the weapons.
The U.S. guidance was outlined in a 2013 White House order called Presidential Policy Directive-24, which calls for reducing the role of U.S. nuclear weapons in national security strategy and maintaining deterrence with smaller nuclear forces.
A Pentagon report to Congress states that the administration is seeking “the peace and security of a world without nuclear weapons.” At the same time, the U.S. views the safety, security and effectiveness of nuclear arms as a deterrent that must be maintained “as long as nuclear weapons exist.”
One flaw in the White House guidance was outlined in the classified PDD-24. PDD-24 says a “key part” of the new guidance is a more benign global security environment, but that has not come to pass under Mr. Obama’s watch.
Nuclear threats posed by North Korea and Iran remain, and China’s nuclear buildup remains a concern.
Fear of the nuclear threat posed by Russia, too, has actually become more serious than when the order was signed by Mr. Obama.
The 2013 order erroneously states that despite differences, “Russia and the United States are no longer adversaries and the prospects of a military confrontation between us have declined dramatically.”
That assumption has become less valid after Russian annexation of Crimea, continuing destabilization efforts in eastern Ukraine and announced threats by Moscow against Eastern European states.
The new Russian threat also has been highlighted by recent statements by senior military and defense leaders.
The Coast Guard said Thursday it has closed a portion of the Mississippi River near Paducah, Ky., because of an oil spill after two towboats collided and a barge was damaged.
The spill caused a “five-mile discoloration,” as crews continued to assess just how much oil spilled, officials said.
The discharge of slurry oil, a refinery byproduct, began Wednesday night after two towboats collided on the river, some 40 miles from Paducah. The river remains closed in the area to all traffic except for vessels working the scene.
The Coast Guard said the maximum potential release of slurry oil is 250,000 gallons. It had said earlier that it could have been up to 1.05 million gallons, but said it reduced the estimate after learning that two remaining partitions aboard a damaged barge were said to be secure.
The Coast Guard added that it is investigating the cause. It said it is working at the site of the accident with the barge owner and an oil-spill response group called SWS.
It's acquiring Kremers Urban Pharmaceuticals for $1.23 billion.
The buyout will effectively double Lannett's sales, and boost fiscal 2017 EPS by 20% to 25%, the company said.
How will it pay for the acquisition?
Iranian nuclear chief Ali Akhbar Salehi announced Monday that the Islamic Republic is putting together a 15-year plan to enhance its nuclear capabilities following the signing of a landmark agreement with world powers last month.
“A 15-year-long plan is being compiled and the plan will be reviewed every 5 years,” Salehi said during a ceremony at the Fordo nuclear site near the Central city of Qom, the semi-official Fars news agency reported.
“One of our plans is to move on the path of commercialization and we hope to gain success in this arena,” he continued.
According to Fars, Salehi also discussed plans to construct a nuclear hospital as well as two small nuclear power plants in the Southern province of Bushehr.
Last week, Iranian President Hassan Rouhani also said his country would commercialize nuclear technology as soon as the agreement signed with world powers in Vienna on July 14 comes into full effect.
“Our nuclear program has been recognized in Resolution 2231 and world powers are eager to cooperate with us in this regard,” Rouhani stated.
That's how I heard about the stock. I bought at $34 and have been very happy. Now I notice MMI signs popping up on commercial real estate in the Chicago area. My friend is in New York.
The low volume worries me, but their last quarter results were great.
As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market aren't waiting around.
A wide range of short-term interest rates, which tend to be the most sensitive to Fed policy expectations, have been quietly grinding higher for weeks, or in some cases much longer. Several have even surpassed their levels from two years ago during the bond market's "taper tantrum," when prices tanked and yields shot up as the Fed pondered whether to halt its massive asset-purchase programme.
Banks, money market mutual funds and other investors want to avoid being stuck with low-yielding debt when the U.S. central bank finally does begin raising interest rates, something it last did in June 2006. Generally positive commentary about the economy from the Fed at the conclusion of its latest policy meeting on Wednesday is seen by many as signalling that a rate rise could come as early as September.
France, one of the world’s leaders in nuclear energy production, plans to draw down nuclear’s share of electricity generation from 75 to 50 percent by 2025—giving itself a 10-year time frame equivalent to the complete shutdown now ongoing in Germany. Which reactors are to be disconnected is not specifically mentioned.
“Finally!” gasped French headlines last week. After months of national debate—of amended drafting bills and a one-year parliamentary discussion interspersed with joint committee reports and opposition intransigence—the nation approved an Energy Transition Law that many are now calling historic in scope and ambition. A political fight is sure to follow, with some observers worried by a cap of 63.2 gigawatts that may provide too much leeway to the embattled industry.
Yet it’s also clear the momentum has already shifted, with environmentalists exulting in their apparent victory.
“This law opens up all renewables sectors to new energy horizons,” said Jean-Louis Bal, the president of the French Renewable Energy Association (SER), shortly after the final vote.
Bal said he was particularly encouraged by new, uniform authorizations that do away with excessive bureaucratic hurdles for wind farms and hydropower and biogas plants. There was also relief at a provision stripped out of the Senate bill that would have required a minimum 1,000-meter distance between wind turbines and residential structures. This was scaled back to 500 meters, with much of the discretion now given to local municipalities.