EDP SA has paused three US wind projects due to limited policy visibility under the Trump administration, underscoring how regulatory uncertainty is weighing on renewable energy investment decisions. The projects — located in Massachusetts, New York and California — have been scaled back to minimum activity levels, including reductions in staffing to maintain essential work, according to Chief Exe...
EDP SA has paused three US wind projects due to limited policy visibility under the Trump administration, underscoring how regulatory uncertainty is weighing on renewable energy investment decisions. The projects — located in Massachusetts, New York and California — have been scaled back to minimum activity levels, including reductions in staffing to maintain essential work, according to Chief Executive Officer Miguel Stilwell d’Andrade . “They’re in hibernation mode,” Stilwell d’Andrade said in an interview at the company’s Lisbon headquarters on Wednesday, adding that EDP has held off taking final investment decisions to avoid potential losses. “We’ve basically parked our projects to wait for better days.” He said EDP was “lucky” it hadn’t yet started construction or deployed significant capital. “I know some of our peers were halfway across the bridge,” Stilwell d’Andrade added. “We hadn’t started crossing the bridge yet, we were getting ready to cross it and so we stopped.” The projects are controlled by Ocean Winds, a joint venture between the Portuguese utility’s renewables unit, EDP Renováveis SA, and France’s Engie SA. Stilwell d’Andrade said he is pleased with the partnership, which combines the offshore assets of both companies, brushing aside speculation that EDP may be considering selling its stake in the venture. “They’ve been a good partner and I think we’ve also been a good partner,” Stilwell d’Andrade said. Since returning to the White House, US President Donald Trump has moved to curb renewable energy while boosting fossil fuels, halting federal approvals for wind projects on his first day in office and triggering months of uncertainty. Trump’s “One Big Beautiful Bill” compounded the pressure by making projects harder to finance. The administration has also signaled it could revoke approvals for offshore wind projects cleared under the previous government but not yet under construction. Last month, the US released TotalEnergies SE and its partners f...
Kraken Robotics ( KRKNF ) said it has received ~$28M in new orders for its SeaPower batteries and synthetic aperture sonar system. “These orders include battery contracts from three large international defence companies and a SAS order from a new commercial uncrewed underwater vehicle (UUV) manufacturer,” said Greg Reid , President and CEO of Kraken Robotics. More on Kraken Robotics Inc. Kraken Ro...
Kraken Robotics ( KRKNF ) said it has received ~$28M in new orders for its SeaPower batteries and synthetic aperture sonar system. “These orders include battery contracts from three large international defence companies and a SAS order from a new commercial uncrewed underwater vehicle (UUV) manufacturer,” said Greg Reid , President and CEO of Kraken Robotics. More on Kraken Robotics Inc. Kraken Robotics: Iran War Signals That The Next Arms Race Is Underwater Kraken Robotics: Attractive Business, Challenging Valuation Kraken Robotics to buy Covelya Group for $615M, raise $350M Historical earnings data for Kraken Robotics Inc. Financial information for Kraken Robotics Inc.
spawns/iStock via Getty Images The Janus Henderson Securitized Income ETF ( JSI ) is an actively managed ETF focusing on high-quality, shorter-term securitized assets, including agency MBS, commercial MBS, and ABS. JSI's above-average 6.2% dividend yield, strong, albeit short, performance track record, below-average risk and volatility, and good risk-return profile make the fund a buy. JSI - Overv...
spawns/iStock via Getty Images The Janus Henderson Securitized Income ETF ( JSI ) is an actively managed ETF focusing on high-quality, shorter-term securitized assets, including agency MBS, commercial MBS, and ABS. JSI's above-average 6.2% dividend yield, strong, albeit short, performance track record, below-average risk and volatility, and good risk-return profile make the fund a buy. JSI - Overview and Investment Thesis Strategy and Portfolio JSI is an actively-managed ETF focusing on high-quality, shorter-term securitized assets. Allocations are as follows: JSI With investments in over 500 securities, JSI provides diversified exposure to securitized investments / to the fixed-income sub-asset classes above. JSI does not provide diversified exposure to the fixed-income market as a whole, as it does not invest in several major bond sub-asset classes, including treasuries and corporate bonds (minus that small 1.6% high-yield investment). JSI's more targeted portfolio means that the fund's characteristics, and hence its performance, could materially differ from that of broader bond benchmarks, including that of the larger bond index ETFs. Of particular importance is the fact that some of the fund's securitized assets tend to trade at attractive spreads to more traditional fixed-income securities of comparable credit risk. AAA CLOs are the clearest example of this, consistently trading at a spread to T-bills , although these are not one of JSI's larger investments. Spreads between benchmark mortgage and treasury rates seem to be at slightly historically above-average levels, albeit much lower than in the more recent past. MBS are securitized mortgage investments, so they benefit from above-average mortgage rates/spreads, and JSI invests quite heavily in these. Data by YCharts Risk and Volatility JSI focuses on high-quality securities, including agency MBS, with an average credit rating of AA. Although the fund focuses on investment-grade securities, it has sizable inv...
OpenAI ( OPENAI ) has launched Trusted Access for Cyber, a program designed to provide advanced cyber capabilities to defenders broadly, while scaling access with trust, validation, and safeguards. Initial recipients of the program include Socket and Semgrep , which focus on software supply chain security, and Calif and Trail of Bits , which pair frontier models with vulnerability research...
OpenAI ( OPENAI ) has launched Trusted Access for Cyber, a program designed to provide advanced cyber capabilities to defenders broadly, while scaling access with trust, validation, and safeguards. Initial recipients of the program include Socket and Semgrep , which focus on software supply chain security, and Calif and Trail of Bits , which pair frontier models with vulnerability research experts. The program has committed $10M in API credits through the Cybersecurity Grant Program. “The critical defenders joining this program protect digital infrastructure we all rely on, and will help us learn from real-world use, improve our safety systems, and make advanced defensive capabilities more useful across the ecosystem,” OpenAI ( OPENAI ) said , adding that the goal is to build the trust, verification, and accountability needed to make these tools available to the many defenders whose work keeps people, institutions, and critical systems safe.” Companies and organizations that have already signed up to support these efforts include Bank of America ( BAC ), BlackRock ( BLK ), BNY ( BK ), Citi ( C ), Cisco ( CSCO ), CrowdStrike( CRWD ), Goldman Sachs ( GS ), iVerify, JPMorgan Chase ( JPM ), Morgan Stanley ( MS ), NVIDIA ( NVDA ) , Oracle ( ORCL ), SpecterOps, and Zscaler ( ZS ). “BNY is committed to helping protect the security and resilience of the financial system as AI capabilities accelerate. We are working closely with those at the forefront of enabling these efforts. Building on our ongoing collaboration with OpenAI, we are pleased to participate in their Trusted Access for Cyber program," said Leigh-Ann Russell, Chief Information Officer and Global Head of Engineering In addition, the program has also provided access to GPT-5.4-Cyber to the U.S. Center for AI Standards and Innovation (CAISI) and the UK AI Security Institute (UK AISI). More on OpenAI Nadella's Flip-Flop OpenAI's Dilemma Wall Street Lunch: ChatGPT Tops 800M Weekly Active Users OpenAI upda...