A major power provider in South Carolina, Santee Cooper, is accepting bids to finish two nuclear reactors that were halted in 2017, attracting interest from technology companies due to the reactors’ ability to provide consistent electricity without emissions. The reactors were left less than 40% complete at the V.C. Summer power plant after about $9 billion was spent on the project. Santee Cooper aims to sell the reactors and has seen a renewed interest in nuclear energy from advanced manufacturing investments, AI-driven data center demand, and tech companies’ zero-carbon goals.
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Businesses Are Betting on a Tax Cut Extension
The second Trump presidency has started with mass firings, tariff threats, and budget negotiations, causing uncertainty among investors despite initial market confidence. Extension of tax cuts is expected, but the cost remains a concern, leading to discussions on potential spending cuts. The bond market remains calm amidst trade tensions, as Treasury Secretary Scott Bessent's policies and cost-cutting efforts by Elon Musk's DOGE initiative aim to shape the economic outlook and deficit reduction strategies. Full Article
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