The opening week of the landmark trial of Greenpeace in a multimillion-dollar lawsuit by Energy Transfer over the Dakota Access Pipeline protests did not go well for the defense, leading Greenpeace’s lawyers to petition to move the trial out of Morton County due to impartiality issues. Energy Transfer alleges that Greenpeace played a significant role in protests that delayed pipeline construction, while Greenpeace argues it had a minor role in supporting Native American activists and promoting nonviolence. Testimony began with Energy Transfer calling witnesses, including a former vice president and the county sheriff, to highlight the pipeline’s importance and the challenges faced during the protests, involving lockboxes and conflicts with law enforcement.
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Why AMD Stock Plummeted Today
Advanced Micro Devices (AMD -7.42%) experienced a significant stock price decline of 7.4% amid broader market downturns, hitting a low of 10.5% during the session. The drop was influenced by AMD's announcement of an effective ban on sales of its MI308X processor to China, leading to an anticipated $800 million write-down, alongside rising costs due to TSMC's planned 30% price increase on 4nm chips. Additionally, escalating U.S.-China trade tensions and cautious remarks from Federal Reserve...
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