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Monday, April 21, 2025

US may withhold enviro approvals for Manhattan projects if state does not end congestion pricing

 U.S. Transportation Secretary Sean Duffy said Monday the Trump administration may withhold environmental approvals for Manhattan transportation projects if New York does not end congestion pricing.

Duffy told New York Governor Kathy Hochul she must respond by May 21 and said the department could start taking actions on May 28. Hochul ignored an April 20 deadline set by Duffy in March to end the program that began in January that charges most passenger vehicles $9 during peak periods to enter Manhattan south of 60th Street.

https://www.yahoo.com/news/us-may-withhold-environmental-approvals-152655542.html

India imposes temporary tariff on some steel to stem cheap imports from China

 India imposed a 12% temporary tariff, locally known as a safeguard duty, on some steel products to stem unbridled imports, a government notification said on Monday.

India, the world's second-biggest producer of crude steel, said the tariffs would be applicable for 200 days with effect from Monday.

"The safeguard duty imposed under this notification shall be effective for a period of two hundred days (unless revoked, superseded or amended earlier) from the date of publication of this notification," the Ministry of Finance said.

India's steel tariff increase is its first big trade policy move since U.S. President Donald Trump imposed a wide range of duties on countries in April.

New Delhi's tariffs are primarily aimed at China, which was the second-biggest exporter of steel to India behind South Korea in 2024/25.

India was a net importer of finished steel for the second consecutive year in the 2024/25 fiscal year, with shipments reaching a nine-year high of 9.5 million metric tons, according to provisional government data.

New Delhi's leading steelmakers' body, which counts JSW Steel and Tata Steel among members, alongside the Steel Authority of India and ArcelorMittal Nippon Steel India had raised concerns over imports and called for curbs.

https://www.msn.com/en-us/money/markets/india-imposes-12-temporary-tariff-on-some-steel-imports/ar-AA1Dk3p4

Trump to meet retailers including Walmart, Home Depot to discuss tariffs impact

  U.S. President Donald Trump is set to meet with major retailers, including Walmart , Home Depot, Lowe’s and Target, to discuss the impact of sweeping tariffs on their businesses, Bloomberg News reported on Monday.

https://finance.yahoo.com/news/trump-meet-retailers-including-walmart-164424018.html

China's Oil Supertankers Slammed With $5.2 Million Fee Per U.S. Port Call

 by Charles Kennedy via OilPrice.com,

  • The U.S. is introducing fees on operators of China-built vessels calling at U.S. ports.

  • These fees could reach up to $5.2 million per call for large supertankers.

  • The U.S. Trade Representative states the move aims to address Chinese dominance and bolster the U.S. shipbuilding industry.

The U.S. move to penalize China-built and China-owned vessels calling at U.S. ports could lead to an oil supertanker made in China and operated by a Chinese company facing a fee of up to $5.2 million per call at a U.S. port, shipbrokers have estimated.

The U.S. last week announced fees on vessel owners and operators of China based on net tonnage per U.S. voyage. 

The previous proposal was a per-port-entry fee of up to $1.5 million on Chinese-built vessels, and up to a $1 million per-port-entry fee on any vessel (Chinese-built or non-Chinese-built) for operators that have any Chinese-built vessels in their fleet or orderbook.

Now, the Office of the United States Trade Representative (USTR) plans to impose fees on operators of Chinese-built ships based on net tonnage or containers, increasing incrementally over the following years.

Commenting on the new USTR move, U.S. Trade Representative Jamieson Greer said, “Ships and shipping are vital to American economic security and the free flow of commerce.”

“The Trump administration’s actions will begin to reverse Chinese dominance, address threats to the U.S. supply chain, and send a demand signal for U.S.-built ships,” Greer added.

Under the new plan, the fee on a China-made China-operated supertanker could reach up to $5.2 million per call because of the large tonnage of the supertankers compared to smaller oil tankers, according to the research arm of Arrow Shipbroking Group cited by Bloomberg.

The previous per-call only fee would have charged up to $3.5 million for a tanker to call at a U.S. port.

Oil traders have already started to avoid hiring tankers built in China amid concerns that port fees could be coming for Chinese vessels at U.S. ports as part of a plan by President Donald Trump to revitalize the American shipbuilding industry. 

Oil traders and charterers that are booking vessels to call, load, or discharge cargoes at U.S. ports are seeking vessels not built in China, market sources told Bloomberg earlier this month.

https://www.zerohedge.com/geopolitical/chinas-oil-supertankers-slammed-52-million-fee-us-port-call

Democrat Judge Caught Harboring Suspected Tren de Aragua Gang Member

 by Ken Silva via Headline USA,

A county judge in New Mexico has reportedly resigned after Homeland Security Investigations agents arrested a suspected Tren de Aragua gang member and other illegal aliens at his home.

The resignation of Doña Ana County Magistrate Judge Joel Cano comes after HSI agents executed a search warrant at his home on Feb. 28—arresting suspected 23-year-old gang member Cristhian Ortega-Lopez there. Agents also took an undisclosed number of other illegal immigrants into custody, and seized four firearms that he handled illegally.

The details of Ortega-Lopez’s case are wild.

According to court records, the suspected Tren de Aragua member was arrested while entering the U.S. illegally on Dec. 15, 2023. Due to overcrowded Border Patrol facilities, Ortega-Lopez was released three days later.

Ortega-Lopez was supposed to stay in Denver pending removal proceedings. However, he moved to El Paso, Texas, without informing Homeland Security or any other government agency.

It was in El Paso where Ortega-Lopez met Nancy Cano, the wife of Judge Cano. The Canos admitted they hired Ortega-Lopez to install a glass door for them—which is illegal since the Venezuelan was not authorized to work.

Ortega-Lopez was evicted from his apartment last April, after which he moved in with the Canos.

The suspected Tren de Aragua member’s relationship with the Canos became cozy, so much so that he was introduced to their daughter, April Cano, who let him use her guns—which, like him working without authorization, is illegal.

Unfortunately for the Canos, Ortega-Lopez posted pictures of himself with those firearms on social media.

The story became arguably even stranger after the HSI agents executed the Feb. 28 search warrant. On March 13, Nancy Cano wrote to U.S. Judge Damian Martinez, pleading for him to have mercy on Ortega-Lopez. In that letter, Cano seemingly admits that she illegally hired the immigrant—and also hired him out to others.

“Each job he got I was told he did an excellent job. No one was ever disappointed. I started to receive more requests for him to return or referral for more jobs,” she said, also enclosing pictures of Ortega-Lopez with the Cano family.

“On five different occasions he went through Border Patrol check points with no problems,” she added—perhaps disclosing yet more crimes. “I took him in as my own son … Please consider his future and give him a chance.”

During a court hearing the next day, U.S. Judge Damian Martinez asked Justice Department prosecutor Maria Armijio if she knew Judge Cano. When the prosecutor said she didn’t know Judge Cano, Martinez said he did know him—and trusted him.

“I’ve met him before several times and he’s got a BS meter like you – a lot of people have never seen. He knows when somebody is BS’ing him,” Judge Martinez said. “I don’t think Judge Cano has a BS meter and I don’t think he would just let anybody live in his property.”

Judge Martinez found that Ortega-Lopez was not a flight risk, and ordered him to be released. The DOJ appealed on March 28, disclosing more information about Ortega-Lopez’s relationship with the Canos, as well as his affiliation with Tren de Aragua. According to the DOJ, agents found ample evidence of his gang affiliation while searching his cell phones.

“A search of the cellphones revealed the following, which affirms the fact that the Defendant is a TdA member: 

"(1) A conversation with an individual on April 30, 2024, in which he refers to his AK-47 tattoo as an ‘Aragua train,’ and comments that he is worried about telling [Nancy Cano] about it,” the DOJ said in its March 28 appeal.

“(2) A conversation with an individual in which they discuss the $5,000 award offered by the State of Texas for TdA members and joke about the reward money,” the DOJ’s appeal added.

“(3) A conversation with an individual in which the other participant warns Defendant about sending photographs that may jeopardize him in the United States that also includes a request to get a grenade or two 38s.”

Agents also allegedly found photographs of two brutal murder victims that includes mutilated bodies, decapitated heads and dismembered hands on Ortega-Lopez’s cell phones.

A hearing is schedule for April 30 for Judge Martinez to reconsider allowing Ortega-Lopez to remain free on bail. The Canos have reportedly declined to comment on the matter.

https://www.zerohedge.com/political/democrat-judge-caught-harboring-suspected-tren-de-aragua-gang-member

DBV Technologies Advances Viaskin Peanut Patch with FDA

 DBV Technologies S.A. – American Depositary Shares ( DBVT +7.52% ▲ ) has released its Q4 earnings. Here is a breakdown of the information DBV Technologies S.A. – American Depositary Shares presented to its investors.

DBV Technologies S.A. is a clinical-stage biopharmaceutical company specializing in innovative treatment options for food allergies, utilizing its proprietary VIASKIN® patch technology. The company recently announced a significant milestone with the U.S. FDA regarding its Viaskin Peanut Patch for children aged 4-7, which could expedite the product’s market launch.

The FDA has agreed that the safety exposure data from the VITESSE Phase 3 study is sufficient for a Biologics License Application (BLA), eliminating the need for an additional safety study. This decision accelerates the timeline for a BLA submission to the first half of 2026, potentially bringing the Viaskin Peanut Patch to market a year earlier than anticipated.

Financially, DBV Technologies reported a net loss of $113.9 million for 2024, with cash and cash equivalents dropping to $32.5 million by year-end, highlighting the company’s need for additional funding to continue its operations and research activities. The increase in operating expenses, primarily due to research and development costs, underscores the company’s commitment to advancing its clinical trials.

Looking ahead, DBV Technologies is preparing for a BLA submission for the Viaskin Peanut Patch, with the VITESSE study’s topline results expected in late 2025. The company remains focused on securing necessary financing to support its strategic objectives and bring its innovative allergy treatment to market, pending FDA approval.

https://www.tipranks.com/news/company-announcements/dbv-technologies-advances-viaskin-peanut-patch-with-fda

Alumis and ACELYRIN Announce Amended Merger Agreement



Alumis (ALMS) and ACELYRIN (SLRN) have announced an amended merger agreement with revised terms. Under the new agreement, ACELYRIN stockholders will receive 0.4814 shares of Alumis common stock for each ACELYRIN share, resulting in Alumis stockholders owning approximately 52% and ACELYRIN stockholders owning 48% of the combined company.

The merger aims to create a leading clinical-stage immunology company with a diversified portfolio. With a pro forma cash position of approximately $737 million as of December 31, 2024, the combined company expects to fund operations into 2027, supporting multiple planned clinical trial readouts.

The transaction, supported by stockholders representing 62% of Alumis voting common stock and 24% of ACELYRIN common stock, is expected to close in Q2 2025. Both companies will hold Special Meeting of Stockholders on May 13, 2025, with a record date of April 1, 2025.