Search This Blog

Tuesday, May 28, 2024

'Obesity and Cancer: Untangling a Complex Web'

According to the Centers for Disease Control and Prevention (CDC), over 684,000 Americans are diagnosed with an "obesity-associated" cancer each year.

The incidence of many of these cancers has been rising in recent years, particularly among younger people — a trend that sits in contrast with the overall decline in cancers with no established relationship to excess weight, such as lung and skin cancers. 

Is obesity the new smoking? Not exactly.

Tracing a direct line between excess fat and cancer is much less clear-cut than it is with tobacco. While about 42% of cancers — including common ones such as colorectal and postmenopausal breast cancers — are considered obesity-related, only about 8% of incident cancers are attributed to excess body weight. People often develop those diseases regardless of weight.

Although plenty of evidence points to excess body fat as a cancer risk factor, it's unclear at what point excess weight has an effect. Is gaining weight later in life, for instance, better or worse for cancer risk than being overweight or obese from a young age?

There's another glaring knowledge gap: Does losing weight at some point in adulthood change the picture? In other words, how many of those 684,000 diagnoses might have been prevented if people shed excess pounds?

When it comes to weight and cancer risk, "there's a lot we don't know," said Jennifer W. Bea, PhD, associate professor, health promotion sciences, University of Arizona, Tucson, Arizona.

Consistent Complicated Relationship

Given the growing incidence of obesity — which currently affects about 42% of US adults and 20% of children and teenagers — it's no surprise that many studies have delved into the potential effects of excess weight on cancer rates.

Although virtually all the evidence comes from large cohort studies, leaving the cause-effect question open, certain associations keep showing up.

"What we know is that, consistently, a higher body mass index [BMI] — particularly in the obese category — leads to a higher risk of multiple cancers," said Jeffrey A. Meyerhardt, MD, MPH, codirector, Colon and Rectal Cancer Center, Dana-Farber Cancer Institute, Boston.

In a widely cited report published in The New England Journal of Medicine in 2016, the International Agency for Research on Cancer (IARC) analyzed over 1000 epidemiologic studies on body fat and cancer. The agency pointed to over a dozen cancers, including some of the most common and deadly, linked to excess body weight.

That list includes esophageal adenocarcinoma and endometrial cancer — associated with the highest risk — along with kidney, liver, stomach (gastric cardia), pancreatic, colorectal, postmenopausal breast, gallbladder, ovarian, and thyroid cancers, plus multiple myeloma and meningioma. There's also "limited" evidence linking excess weight to additional cancer types, including aggressive prostate cancer and certain head and neck cancers.

At the same time, Meyerhardt said, many of those same cancers are also associated with issues that lead to, or coexist with, overweight and obesity, including poor diet, lack of exercise, and metabolic conditions such as diabetes. 

It's a complicated web, and it's likely, Meyerhardt said, that high BMI both directly affects cancer risk and is part of a "causal pathway" of other factors that do.

Regarding direct effects, preclinical research has pointed to multiple ways in which excess body fat could contribute to cancer, said Karen M. Basen-Engquist, PhD, MPH, professor, Division of Cancer Prevention and Population Services, The University of Texas MD Anderson Cancer Center, Houston.

One broad mechanism to help explain the obesity-cancer link is chronic systemic inflammation because excess fat tissue can raise levels of substances in the body, such as tumor necrosis factor alpha and interleukin 6, which fuel inflammation. Excess fat also contributes to hyperinsulinemia — too much insulin in the blood — which can help promote the growth and spread of tumor cells. 

But the underlying reasons also appear to vary by cancer type, Basen-Engquist said. With hormonally driven cancer types, such as breast and endometrial, excess body fat may alter hormone levels in ways that spur tumor growth. Extra fat tissue may, for example, convert androgens into estrogens, which could help feed estrogen-dependent tumors.

That, Basen-Engquist noted, could be why excess weight is associated with postmenopausal, not premenopausal, breast cancer: Before menopause, body fat is a relatively minor contributor to estrogen levels but becomes more important after menopause.

How Big Is the Effect?

While more than a dozen cancers have been consistently linked to excess weight, the strength of those associations varies considerably. 

Endometrial and esophageal cancers are two that stand out. In the 2016 IARC analysis, people with severe obesity had a seven-times greater risk for endometrial cancer and 4.8-times greater risk for esophageal adenocarcinoma vs people with a normal BMI.

With other cancers, the risk increases for those with severe obesity compared with a normal BMI were far more modest: 10% for ovarian cancer, 30% for colorectal cancer, and 80% for kidney and stomach cancers, for example. For postmenopausal breast cancer, every five-unit increase in BMI was associated with a 10% relative risk increase.

A 2018 study from the American Cancer Society, which attempted to estimate the proportion of cancers in the US attributable to modifiable risk factors — including alcohol consumption, ultraviolet rays exposure, and physical inactivity — found that smoking accounted for the highest proportion of cancer cases by a wide margin (19%), but excess weight came in second (7.8%).

Again, weight appeared to play a bigger role in certain cancers than others: An estimated 60% of endometrial cancers were linked to excess weight, as were roughly one third of esophageal, kidney, and liver cancers. At the other end of the spectrum, just over 11% of breast, 5% of colorectal, and 4% of ovarian cancers were attributable to excess weight.

Even at the lower end, those rates could make a big difference on the population level, especially for groups with higher rates of obesity.

CDC data show that obesity-related cancers are rising among women younger than 50 years, most rapidly among Hispanic women, and some less common obesity-related cancers, such as stomach, thyroid and pancreatic, are also rising among Black individuals and Hispanic Americans.

Obesity may be one reason for growing cancer disparities, said Leah Ferrucci, PhD, MPH, assistant professor, epidemiology, Yale School of Public Health, New Haven, Connecticut. But, she added, the evidence is limited because Black individuals and Hispanic Americans are understudied.

When Do Extra Pounds Matter?

When it comes to cancer risk, at what point in life does excess weight, or weight gain, matter? Is the standard weight gain in middle age, for instance, as hazardous as being overweight or obese from a young age?

Some evidence suggests there's no "safe" time for putting on excess pounds.

A recent meta-analysis concluded that weight gain at any point after age 18 years is associated with incremental increases in the risk for postmenopausal breast cancer. A 2023 study in JAMA Network Open found a similar pattern with colorectal and other gastrointestinal cancers: People who had sustained overweight or obesity from age 20 years through middle age faced an increased risk of developing those cancers after age 55 years. 

The timing of weight gain didn't seem to matter either. The same elevated risk held among people who were normal weight in their younger years but became overweight after age 55 years.

Those studies focused on later-onset disease. But, in recent years, experts have tracked a troubling rise in early-onset cancers — those diagnosed before age 50 years — particularly gastrointestinal cancers. 

An obvious question, Meyerhardt said, is whether the growing prevalence of obesity among young people is partly to blame.

There's some data to support that, he said. An analysis from the Nurses' Health Study II found that women with obesity had double the risk for early-onset colorectal cancer as those with a normal BMI. And every 5-kg increase in weight after age 18 years was associated with a 9% increase in colorectal cancer risk.

But while obesity trends probably partly explain the rise in early-onset cancers, there is likely more to the story, Meyerhardt said.

"I think all of us who see an increasing number of patients under 50 with colorectal cancer know there's a fair number who do not fit that [high BMI] profile," he said. "There's a fair number over 50 who don't either."

Does Weight Loss Help?

With all the evidence pointing to high BMI as a cancer risk factor, a logical conclusion is that weight loss should reduce that excess risk. However, Bea said, there's actually little data to support that, and what exists comes from observational studies.

Some research has focused on people who had substantial weight loss after bariatric surgery, with encouraging results. A study published in JAMA found that among 5053 people who underwent bariatric surgery, 2.9% developed an obesity-related cancer over 10 years compared with 4.9% in the nonsurgery group.

Most people, however, aim for less dramatic weight loss, with the help of diet and exercise or sometimes medication. Some evidence shows that a modest degree of weight loss may lower the risks for postmenopausal breast and endometrial cancers. 

A 2020 pooled analysis found, for instance, that among women aged ≥ 50 years, those who lost as little as 2.0-4.5 kg, or 4.4-10.0 pounds, and kept it off for 10 years had a lower risk for breast cancer than women whose weight remained stable. And losing more weight — 9 kg, or about 20 pounds, or more — was even better for lowering cancer risk.

But other research suggests the opposite. A recent analysis found that people who lost weight within the past 2 years through diet and exercise had a higher risk for a range of cancers compared with those who did not lose weight. Overall, though, the increased risk was quite low.

Whatever the research does, or doesn't, show about weight and cancer risk, Basen-Engquist said, it's important that risk factors, obesity and otherwise, aren't "used as blame tools."

"With obesity, behavior certainly plays into it," she said. "But there are so many influences on our behavior that are socially determined."

Both Basen-Engquist and Meyerhardt said it's important for clinicians to consider the individual in front of them and for everyone to set realistic expectations. 

People with obesity should not feel they have to become thin to be healthier, and no one has to leap from being sedentary to exercising several hours a week

"We don't want patients to feel that if they don't get to a stated goal in a guideline, it's all for naught," Meyerhardt said.

https://www.medscape.com/viewarticle/obesity-and-cancer-untangling-complex-web-2024a10009zi

Newsom weakened Cal. anti-pedo laws: Now pedos advertise to children on utility poles in front of schools

 Do parents have yet another reason to keep their kids out of public schools?

It would seem so, given what was discovered going on in Lemon Grove, California, a small city right outside San Diego.

Amy Reichert posted this from her Twitter account:

A group called Lemon Grove Volunteers posted their discoveries about this pedo grooming tactic on Instagram and collected enough evidence that it was some pervert hoping to lure teenage girls into his lair for filthy acts and threats -- for 'females wanted' who must like to 'cuddle,' and 'women's wear' -- that they were able to get the cops involved. The cops sent in an undercover officer posing as a 16-year-old to scoop the creep up. But there are a lot of posters he's put up around these educational institutions, and Reichert said it was happening because the cost of pedo perversion has gone down under Gov. Gavin Newsom, who has inexplicably weakened laws against pedophila.

The most likely one he signed off on, in fact was in 2020, but smaller measures making a pedophile's lot a happier one have gone through since.

According to Reform California:

Across the country, politicians have passed laws to protect children from sex offenders — but in California, the tide is turning in the wrong direction. 

“Recent laws passed by liberal California politicians eliminate oversight of sex offenders and their placement in residential communities — often with vulnerable children and elderly living there,” says Carl DeMaio, chairman of Reform California, which has a campaign dedicated to fighting this relocation of sex offenders.

In 2020, Democrats in the California Legislature approved Senate Bill (SB) 145, which allows an adult who molests a child as young as 14 years old to avoid being listed on a sex offender registry.

“The reason that we have sex offender registry laws is because, as a community, we need to monitor criminals,” said DeMaio. “The evidence is overwhelming that you only find one out of a hundred sex offenders that are caught in these types of crimes and that’s why when they offend the first time we put them on a registry so we can watch them carefully,” DeMaio explained.

While California Democrats claim the bill is designed to protect the LGBT community from discrimination, DeMaio, an openly gay Republican, says the excuse is false and “disgusting.”

DeMaio also said that California's leftist-stacked courts are another problem, with California court rulings weakening laws against sex offenders in communities and around schools.

In the California Supreme Court’s 2015 decision in IN RE: William TAYLOR et al. on Habeas Corpus, the court ruled that San Diego County’s restrictions preventing a sex offender’s placement within 2,000 feet of a school or park were unconstitutional. The law in question was a key component of Proposition 83 (Jessica’s Law), which was passed by California voters in 2006 with over 70% of the vote.

DeMaio says that state politicians are also increasingly siding with sex offenders and passing laws to make it easier for them to not only escape listing on Sex Offender Registries, but live in residential communities and near schools and playgrounds.

So now we have telephone flyers like that creep has placed, looking for women who like to 'cuddle' or who are interested in 'women's wear' -- see how many signs he put up here -- because pedos have fewer restrictions on what they've always called 'jailbait' and 'barely legal' otherwise, and know very well they need to stay away from or it's back to the can.

In other words, there's almost no protection at all from these freaks, and worse still, the authorities aren't terribly proactive about this even as children are very much in the line of danger, exposed to ads like this in their places of safety. The freaks sit around these places and place their bait on the telephone poles, waiting for one, just one, to take them up on their offerings. We know the freak fell for an undercover officer. We don't know how many young women they forced to pose for dirty pictures, raped, shamed, or threatened unless they kept quiet they got to earlier.

That's the state of affairs now, one more reason to avoid California's public schools until they get proactive about this and rip every last pervy flyer down and burn them.

The pedo put these types of sleazy ads up on telephone poles all around high schools, and even at San Diego State University which is not far from Lemon Grove.

https://www.americanthinker.com/blog/2024/05/newsom_weakened_california_s_anti_pedo_laws_now_pedos_are_advertising_for_child_clients_on_telephone_polls_in_front_of_schools.html

Admiral warns that foreign nationals are breaching U.S. naval bases 2-3 times a week now

 By Monica Showalter

Are all those Chinese nationals crossing our open border and being let out on Joe Biden's catch-and-release friendly to the U.S.?

Not if you hear this sort of thing from the Maritime Executive's report, citing Fox News:

The U.S. Navy's base security personnel are catching and evicting a steadily increasing number of foreign nationals - particularly Chinese citizens - who are attempting to glean national security secrets, a top U.S. admiral said in an interview over the weekend. Many of them have proper papers allowing them to visit the United States as tourists or students, but their presence on a military base is not authorized - and in many cases, may constitute a criminal offense. 

"Usually the cover story is 'I'm a student, I'm an enthusiast I want to see the ships,' that type of thing," U.S. Fleet Forces Commander Adm. Daryl Caudle told Fox and Friends. "We have to turn them around, and typically we will get the [Naval Criminal Investigative Service] involved. We will get biometrics if possible."

Chinese visitors have been arrested for accessing or spying on U.S. naval installations multiple times in recent years, and two U.S. Navy servicemembers who were born in China were recently arrested on espionage charges. The more insidious, high-volume, low-effort Chinese attempts at naval base espionage have been gathering pace, Caudle said. 

"This thing of our military bases getting penetrated by foreign nationals is happening more and more. . . .  It's really hard for us to tell the underlying motive in these types of cases," Caudle told Fox News. "This is something we see probably two or three times a week, where we're stopping these folks at the gate, and this is just the Navy alone."

When Caudle mentions "high volume, low effort," he is referring to the Chinese intelligence gathering method known as "grain of sand." The Chicoms dispatch ordinary Chinese citizens, sometimes under threats to their families, to penetrate U.S. military or Naval bases, walk around, take pictures of military personnel for photo analysis back home, get names, gather certain kinds of information they ask for all of which is seemingly innocuous, and which is unlikely to draw full espionage charges if they are caught, given the difficulty of proving such matters.

But we know they are spying, their balloon activity was also in this category, and the admiral noted that drones are being stepped up, too, and now its two or three a week. It's not all Chinese, by the way, the Russians and Iranians can see what's going on and are doing their worst, too. While the admiral says that many have papers as tourists, which is obviously a safety measure by the Chinese to protect their agents from jailtime, you can bet that there are a lot of them who crossed into the U.S. illegally for such missions, too and we don't know what they are doing. 

We do know they've sent balloons. We know they have sent drones. We know that they have recruited spies from among Chinese nationals serving in the U.S. Navy, cynically congratulating them on their moves to obtain U.S. citizenship, the better to serve China. We know they have sent people to bust through military installations, as they did recently at a desert Marine base in California. Now the admiral warns us they are coming at us fast and thick, all of these penetration efforts stepped up and apparently nothing being done about it on the policy side.

And sure enough, San Diego, where some of the most critical Naval and Marine bases are, is seeing an unprecedented surge of Chinese foreign nationals, more than 30,000 since October, all being admitted as valid asylum cases and released free and clear into the country on the honor system:

Something is very wrong with that picture, given what the admiral has said now.

Here is an additional description of what's happening now:

 

 

Chinese chauffeur service for illegal border crossers who are from China, taken to some place nobody knows, and for purposes unknown.

The admiral can see that something's wrong here. But Joe Biden and his minions cannot. It's as if they want something bad to happen, which if it does, they can blame on President Trump. But a lot of people aren't fooled by this great gaslight, from phony asylum claims to Biden's refusal to admit that our military bases are being invaded and attacks. What kind of tragedy is going to have to happen before this terrible political gang is thrown out of office?

https://www.americanthinker.com/blog/2024/05/admiral_warns_that_foreign_nationals_are_breaching_u_s_naval_bases_2_3_times_a_week_now.html

Plozasiran Paves RNA Interference Path to Triglyceride Reduction

 The liver APOC3-targeted RNA interference agent plozasiran proved its triglyceride-lowering effects in people with mixed hyperlipidemia in the phase IIb MUIR trial.

In such individuals, known to be at increased risk of atherosclerotic cardiovascular disease (ASCVD), plozasiran at various doses conferred significantly larger reductions over placebo in fasting triglyceride level from baseline to week 24 -- ranging from 44.2 percentage points with the 50-mg-half-yearly dose to 62.4 percentage points with the 50-mg-quarterly dose (P<0.001 for all tested doses) -- on top of usual statins and other medications.

Plozasiran also achieved reductions in atherogenic lipoproteins, such as non-HDL cholesterol, apolipoprotein B (ApoB), and remnant cholesterol. Effects persisted at week 48, 36 weeks after the last dose had been received, reported Christie Ballantyne, MD, of Baylor College of Medicine and the Texas Heart Institute in Houston, and colleagues.

"Historically, reductions in both non-HDL cholesterol and ApoB, effected through decreases in the LDL cholesterol level, have translated into clinical benefit. In contrast, our findings indicate that the reductions in the non-HDL cholesterol level that were observed ... were brought about by reductions in the level of cholesterol remnants rather than reductions in the LDL cholesterol level," they wrote in the New England Journal of Medicineopens in a new tab or window.

The MUIR trial was also presented at the 2024 European Atherosclerosis Society Congressopens in a new tab or window.

The authors reported that safety events generally occurred at similar rates between study arms -- save a signal of glycemia in the quarterly and half-yearly 50-mg dose plozasiran groups. Worsening glycemic control was observed in 10% of the placebo arm vs 12% of 10-mg-quarterly dose group, 7% of the 25-mg-quarterly dose group, 20% of those receiving the 50-mg-quarterly dose group, and 21% of the 50-mg-half-yearly dose group.

However, Ballantyne's group suggested that some may question the clinical significance of worsening glycemic control.

Volanesorsen (Waylivra), an APOC3-targeting antisense oligonucleotide, was previously also associated with this outcome but has shown no actual harm on glucose homeostasis over the course of 5 years in people with familial chylomicronemia syndrome, the investigators noted. "Similar findings of worsening glycemic control have been described with other lipid-lowering treatments, including statins, and the condition has proved to be manageable and offset by clinical benefit," they added.

Even so, only the 25-mg-quarterly dose of plozasiran is moving forward into phase III trials in mixed hyperlipidemia and severe hypertriglyceridemia (i.e., SHASTA-3, SHASTA-4opens in a new tab or window).

Mixed hyperlipidemia is a common disorder characterized by elevated LDL cholesterol and triglyceride levels. Despite the effectiveness of medications for lowering LDL cholesterol, affected patients have an unmet need for reducing the residual ASCVD risk attributed to remnant cholesterol in triglyceride-rich lipoproteins.

Plozasiran is being developed to meet that need as it was designed to reduce production of APOC3, a component of triglyceride-rich lipoproteins and a regulator of triglyceride metabolism.

Indeed, the MUIR investigators found their plozasiran groups had reductions in APOC3 ranging from 57% to 79%. Additionally, 77% to 92% normalized their fasting triglycerides to levels below 150 mg/dL, whereas the placebo arm showed no such changes.

"The promising results from treatment with plozasiran in the MUIR study help to lay the groundwork for a more extensive study to potentially test whether plozasiran reduces ASCVD risk," Ballantyne said in a press release.

Plozasiran is not alone in that stage of the pipeline. Another APOC3-targeting therapy being developed is olezarsen, an antisense oligonucleotide targeting mRNA therapy administered subcutaneously once a month. This spring, olezarsen was also shown to slash triglyceridesopens in a new tab or window in higher risk or moderate hypertriglyceridemia patients and people with familial chylomicronemia syndrome.

Additionally, plozasiran's developer, Arrowhead Pharmaceuticals, has another iron in the fire with zodasiranopens in a new tab or window, a hepatocyte-targeted small interfering RNA therapy that blocks ANGPTL3 production for the control of triglyceride-containing particles.

MUIR was conducted at 36 centers across several continents and enrolled people with mixed hyperlipidemia, namely triglycerides 150-499 mg/dL and either an LDL cholesterol level of ≥70 mg/dL or a non-HDL cholesterol level of ≥100 mg/dL. Participants were eligible if they maintained a stable diet for at least 2 weeks, stayed on a maximally-tolerable statin for at least 4 weeks, and were receiving background medications at stable doses.

There were ultimately 353 patients randomized 3:1 to plozasiran at various quarterly/half-yearly doses or placebo.

The cohort had a mean age of 61 with 56% men. Average BMI was 32, and 61% of the cohort had diabetes. At baseline, the mean plasma triglyceride level was 244 mg/dL, fasting LDL cholesterol 103 mg/dL, non-HDL cholesterol 151 mg/dL, and mean remnant cholesterol 47 mg/dL. Additionally, 18% had LDL cholesterol <70 mg/dL. Existing therapies used by the group included statins (92%), high-intensity statins (54%), and PCSK9 inhibitors (2%).

Baseline characteristics of the participants were generally balanced across the four trial groups, with the exception of the relatively fewer women and statin users in the 50 mg half-yearly plozasiran group.

The investigational therapy was associated with increased HDL cholesterol across recipients in the trial.

Meanwhile, no participants receiving a quarterly dose of plozasiran in MUIR had increased levels of alanine aminotransferase or aspartate aminotransferase.

FDA has given the therapy orphan drug designation and fast track designation.

Disclosures

The study was funded by Arrowhead Pharmaceuticals.

Ballantyne reported consulting to Abbott Diagnostics, Amarin Pharma, Amgen Arrowhead, AstraZeneca, Denka Seiken, Eli Lilly, Esperion Therapeutics, Genentech, Illumina, Ionis, Merck, New Amsterdam, Novartis, Novo Nordisk, Regeneron, and Roche Diagnostics.

Primary Source

New England Journal of Medicine

Source Reference: opens in a new tab or windowBallantyne CM, et al "Plozasiran, an RNA interference agent targeting APOC3, for mixed hyperlipidemia" N Engl J Med 2024; DOI: 10.1056/NEJMoa2404143.


https://www.medpagetoday.com/cardiology/dyslipidemia/110354

Second, Third Groups From CVS Vote to Join National Pharmacy Union

 Shortly after CVS pharmacists in Las Vegas became the first to join

opens in a new tab or window a pharmacy union last month, their counterparts at two retail locations in Rhode Island have voted to do the same.

The pair of successful votes came from pharmacy professionals at 24-hour CVS stores in Wakefield and Westerly, Rhode Island, the Pharmacy Guild announced. The locations are the first to unionize in the retail giant's home state.

"I think this is really reflective of the industry as a whole," a pharmacist at one of the latest stores told MedPage Today, speaking on the condition of anonymity. "Everybody is really feeling the effects of short-staffing."

Efforts to organize kicked off in the wake of nationwide pharmacy walkouts last year, and "grew organically from there," the pharmacist said. Many of those working in the field believe unionizing is beneficial for both patients and the profession. "You can start with just one store."

The sentiments among pharmacists come amid a resurgence of unionization by physiciansopens in a new tab or window and other healthcare professionals across the country -- with new successes paving the way for others.

The Pharmacy Guild noted that victories in Rhode Island "mark the continuation of a historic wave of pharmacy organizing."

"These election results are the second and third union election wins by workers organizing with [the Pharmacy Guild] in just 4 weeks, as pharmacy professionals fight for a better industry for themselves and their patients," the union stated. "Workers say they began organizing in response to declining patient safety standards -- and that the union is their best vehicle for change," it added.

Though much of the publicity surrounding walkouts have centered on some of the biggest retail chains -- including CVS -- Shane Jerominski, PharmD, a community pharmacist and co-founder of the Pharmacy Guild, recently told MedPage Today that current interest and efforts are representative of pharmacy professionals from a variety of different practice settings, both large and small.

"We have 100 campaigns in various stages," Jerominski said last month.

As for CVS, the company stated: "We respect our employees' right to either unionize or refrain from doing so, including our Wakefield and Westerly pharmacists' decision to choose to be represented by a union. We're grateful for their participation and thank them for taking the time to ensure their voices were heard. This is the first of several steps in the collective bargaining process. If the vote results are confirmed by the NLRB [National Labor Relations Board], we'll negotiate in good faith with the union to try to reach an agreement."

https://www.medpagetoday.com/special-reports/features/110351

New Jersey to get $125 million from Orsted after offshore wind projects halted

 Orsted (DK:ORSTED) will pay New Jersey $125 million after the Danish energy company decided to cease development on the Ocean Wind 1 and Ocean Wind 2 projects, according to the state's Board of Public Utilities.

The funds will be used to support investments in qualified wind energy facilities and other clean energy programs, the board said Tuesday.

Last year, Orsted said it was pulling out of the offshore wind projects, citing supply-chain issues and higher interest rates, among other factors. In the third quarter, the company booked an impairment charge of over $4 billion related to its offshore wind portfolio in the U.S.

In February, the company announced a number of cost-cutting measures, including a pause to dividend payments.

Also on Tuesday, New Jersey said it would accelerate its offshore wind solicitation schedule, expediting the projected opening of a fifth offshore wind solicitation from the third quarter of 2026 to the second quarter of 2025.

In addition, the board said it will pause on moving forward with a Second State Agreement Approach for coordinated offshore wind transmission planning with regional grid operator, PJM Interconnection.

https://www.morningstar.com/news/marketwatch/20240528786/new-jersey-to-get-125-million-from-orsted-after-offshore-wind-projects-halted

F-35 Stealth Jet Crashes Near Albuquerque Airport

 A Lockheed Martin F-35 Lightning II crashed near Albuquerque International Sunport (ABQ), New Mexico, on Tuesday afternoon. 

"I just witnessed a major, horrific aircraft crash with an explosion and dust rising into the air while I'm on my flight on the runway. I will report on it soon, waiting for more details but the person behind me said it was possible it was a helicopter or some type of single engine aircraft but it was hard to tell," X user RawAlerts wrote in a post.