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how to withdraw in phlboss using gcash Flagstar Financial, Inc. ( NYSE:FLG – Get Free Report )’s share price dropped 2.6% during mid-day trading on Thursday . The stock traded as low as $8.89 and last traded at $8.89. Approximately 654,250 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 7,996,325 shares. The stock had previously closed at $9.13. Analysts Set New Price Targets A number of equities research analysts have commented on the stock. UBS Group started coverage on shares of Flagstar Financial in a research note on Tuesday, December 17th. They set a “neutral” rating and a $11.50 target price on the stock. Compass Point raised their price objective on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Check Out Our Latest Stock Analysis on FLG Flagstar Financial Stock Performance Flagstar Financial Announces Dividend The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were issued a dividend of $0.01 per share. This represents a yield of 0.33%. The ex-dividend date was Friday, December 6th. Flagstar Financial’s dividend payout ratio (DPR) is currently -0.92%. Flagstar Financial Company Profile ( Get Free Report ) Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit. See Also Receive News & Ratings for Flagstar Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Financial and related companies with MarketBeat.com's FREE daily email newsletter .The Seattle Seahawks (8-7) ready for a road matchup with the Chicago Bears (4-11) at Soldier Field on Thursday, Dec. 26, 2024. If you are looking to find Seahawks vs. Bears tickets, information is available below. Seattle Seahawks vs. Chicago Bears game info NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more. How to buy Seahawks vs. Bears tickets for NFL Week 17 You can buy tickets to see the Seahawks play the Bears from multiple providers. Seattle Seahawks vs. Chicago Bears betting odds, lines, spreads Odds courtesy of BetMGM Seattle Seahawks schedule Seattle Seahawks stats Chicago Bears schedule Chicago Bears stats This content was created for Gannett using technology provided by Data Skrive.

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto has castigated the Pakistan Muslim League-Nawaz-led (PML-N) government over "slow internet speed" in the country, wondering why fish only cut Pakistan's undersea fibre optics cable. "PML-N's politics is based on motorways [...] infrastructure for our generation is digitalisation, internet and its speed," Bilawal, who also served as the top diplomat during Shehbaz Sharif's previous stint as prime minister, said while speaking to journalists in Ratodero. Users across various cities in Pakistan continue to face sporadic internet disruption and slow speed, resulting in difficulties with browsing, as well as downloading and sharing media. According to a list issued by Ookla Speedtest Global Index, Pakistan was ranked 100 out of 111 countries in mobile internet speeds with a download speed of 20.61Mbps and upload speed of 8.53Mbps. Meanwhile, the index ranked the country at 141 out of 158 countries in broadband speeds with a download speed of 15.60Mbps and upload speed of 15.53Mbps. Talking to media today, Bilawal — whose party is an ally of the PML-N in Centre — said they should have increased the internet speed instead of reducing it. "How can the government retract from its own statements," he asked, noting first they claimed the internet cable had been cut, later they retracted it. "Why bother with VPNs when the public doesn't even have reliable high-speed internet?" the PPP chairman asked. Responding to a question, he said that water is everyone's fundamental right and the PPP has always tried to resolve the problems being faced by the people. "We agreed that the development budget of all four provinces would be chalked out with mutual consultation," he said, adding that it seems the federal government "is not treating smaller provinces well". Furthermore, he said, the PML-N-led government lacks a mandate for "unilateral and controversial" decisions — referring to the federal government’s plan to build new canals to draw additional water from the Indus River for farming purposes. "Such projects are controversial if we move ahead in violation of the IRSA [Indus River System Authority] agreement," he added. Bilawal pointed out that Kalabagh Dam was also a unilateral decision, which the PPP did not allow to be implemented. "It is challenging to get work done from any government in Pakistan," he said, hoping that the issues of the provinces would be resolved through negotiations. He vowed that the PPP would leave no stone unturned to provide relief despite limited resources. In response to a question, the PPP chairman said that the economy was performing better "on paper", which his party welcomes. "If the economy is improving, its benefits should reach the people," he added. When asked about the pro-Imran Khan statements by United States (US) politicians, Bilawal termed them "political statements" and said those who are doing politics under the pretext of US conspiracy were "dangerous for Pakistan and its people". "Such people who play politics on conspiracies instead of focusing on public issues are dangerous for the country," he added. A day earlier, the PPP chairman said the international powers were "casting an evil eye on nuclear technology gifted by Zulfiqar Ali Bhutto and Benazir Bhutto." Expressing annoyance over “foreign interference” in Pakistan’s internal affairs, he said: “Statements are being issued from the US about our internal politics; these statements are just excuses.” He said that the US lawmakers had nothing to do with democracy in Pakistan, adding: “PTI founder is just an excuse, their real target is Pakistan’s nuclear and missile programme.”https://arab.news/24awb Riyadh: Speakers from all over the world addressed the fourth Riyadh International Philosophy Conference, which concluded on Saturday. Organized by the Literature, Publishing, and Translation Commission, the conference, held at the King Fahd National Library in Riyadh, featured 60 speakers from around the world, the Saudi Press Agency reported. Subjects discussed included humanity’s progress and the role of philosophy in shaping a better future in a multicultural world. Other talks focused on the quality of life, philosophy’s role in societal well-being, improving urban life in the face of diversity, social solidarity for female athletes with disabilities, and the impact of artificial intelligence on human life. Mohammed Alwan, the commission’s CEO, said that the conference helps philosophy contribute to addressing pressing global challenges through dialogue among thinkers from various countries. For the first time in Saudi Arabia, the conference partnered with international organizations such as “New Philosopher” and The School of Life, the SPA reported. The event emphasized philosophy’s role in tackling contemporary societal challenges, exploring principles of justice, virtue, and happiness essential to prosperous societies. The conference underscored the Kingdom’s commitment to intellectual enrichment and cultural exchange, linking academic thought with real-world applications, the SPA reported.

Appalachian State hires South Carolina offensive coordinator Dowell Loggains as head coachST. THOMAS, Virgin Islands (AP) — Michael Christmas scored 15 points as Longwood beat UAB 89-81 on Friday for its sixth straight victory. Christmas shot 4 of 6 from the field and 6 for 6 from the line for the Lancers (6-0). Kyrell Luc scored 14 points and added five rebounds. Colby Garland had 12 points and shot 5 of 10 from the field and 2 of 3 from the free-throw line. The Blazers (3-3) were led in scoring by Yaxel Lendeborg, who finished with 18 points and 10 rebounds. Ja'Borri McGhee added 16 points and four assists for UAB. Christian Coleman also had 14 points. Longwood was tied with UAB at the half, 43-43, with Luc (eight points) its high scorer before the break. Longwood took the lead for good with 1:55 remaining on a jump shot from Luc to make it 80-78. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Semler Scientific (NASDAQ:SMLR) Trading Down 3.1% – Time to Sell?TORONTO — CBC is restoring its live New Year's Eve celebration. A year after the national broadcaster cancelled the 2024 countdown due to "financial pressures," it says the special event is back on the TV schedule to mark the dawn of 2025. Festivities begin Dec. 31 with the one-hour "22 Minutes New Year's Eve Pregame Special," a satirical reflection on the events of 2024 with the cast of the political comedy series "This Hour Has 22 Minutes." It will be followed by "Canada Live! Countdown 2025," a special hosted by news anchor Adrienne Arsenault and singer Jann Arden broadcasting live from Toronto's Harbourfront Centre, and anchor Ian Hanomansing and comedian Ali Hassan at Vancouver's VanDusen Botanical Garden. A representative for the CBC says the coast-to-coast show will feature reporters at more than a dozen community events across the country while a countdown to the new year will take place in each of the six time zones. Throughout the seven-and-a-half-hour program, "many Canadian celebrity guests" will appear in live and pre-taped messages. "Canada Live! Countdown 2025" begins at 8 p.m. ET on CBC News Network and CBC Gem with CBC-TV and CBC Radio picking up the feed at 9 p.m. in local markets. Last year, the CBC replaced its live New Year's Eve programming with a taped Just For Laughs special hosted by comedian Mae Martin. That left Canadians without a homegrown countdown on any of the major networks, which sparked blowback on social media from some viewers. The CBC began its annual specials in 2017 to mark Canada’s sesquicentennial year. Some of the more recent broadcasts were hosted by comedian Rick Mercer and featured fireworks and musical performances in key cities. But when CBC paused those plans last year, it said the show had become "increasingly expensive to produce." The decision to sideline the program was made shortly after members of Parliament summoned outgoing CBC president Catherine Tait to testify about job cuts and her refusal to rule out bonuses for CBC executives. This report by The Canadian Press was first published Dec. 12, 2024. David Friend, The Canadian Press

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In a year-end interview, Edmonton Mayor Amarjeet Sohi sits down with Erik Bay to discuss important issues in the city in 2024. They discussed a wide range of topics, including the residential property tax increase and how the provincial budget in the spring could help lower the rate and progress being made on the province not paying its fair share of property tax in Edmonton. They also touched on safety in the city, the rate of new home construction and housing affordability, and the municipal election that will happen in the fall of 2025 and Sohi’s intentions. Watch that interview in the player above.Denton food trucks guide: Where to find 'em and what to knowGus Malzahn is leaving UCF to become Florida State's offensive coordinator, AP source saysClayton scores 34 as Ohio knocks off Portland 85-73

An ex-detective accused of abusing women died in an apparent suicide as his trial was starting

Andrew Luck returns to Stanford as the GM of the football programNoneREPEAT/ZoomInfo Named To Newsweek’s 2025 Excellence 1000 Index

The federal loan will make it easier for Stellantis, which also owns Peugeot, Fiat and several other brands, to compete in the market for electric cars. The Biden administration expanded its efforts to lock in its climate policies Dec 2, saying that it would lend almost US$7 billion (S$9.37 billion) to help build battery factories in Indiana to supply vehicles made by Stellantis, the owner of Jeep, Chrysler, Dodge and Ram. The financing, which was the second multibillion-dollar loan related to electric-vehicle manufacturing in a week, is part of the administration’s efforts to create domestic supplies of batteries. President-elect Donald Trump has vowed to reverse Biden administration policies aimed at promoting electric-vehicle manufacturing. Transportation is the biggest source of greenhouse gases in the United States. Last week, the Department of Energy said it would lend US$6 billion to help Rivian build an electric-car factory in Georgia. Rivian, a relatively new company that makes only electric vehicles, plans to produce sport utility vehicles and hatchbacks at the factory, in Social Circle, near Atlanta. The loan announced Dec 2, for US$6.85 billion not including interest, will be used to finance two battery plants in Kokomo, Indiana, that are being built by StarPlus Energy, a joint venture between Stellantis and Samsung SDI, a South Korean company. The factories will employ 2,800 people once they are up and running and 3,200 workers during construction. The plants will be capable of making batteries for 670,000 vehicles a year, the Department of Energy said. The loan agreements for StarPlus and Rivian will be binding once the government and the companies sign final contracts, which is expected to take place before Mr Trump’s inauguration in January. As has often been the case with the Biden administration’s clean energy funds, both projects are in congressional districts represented by Republicans, who have generally been opposed to using federal money to promote the manufacturing of electric cars. Still, some of them may be unwilling to get in the way of projects that bring thousands of jobs and billions of dollars to their districts. Carmakers have also asked Mr Trump not to roll back tax provisions that support sales of electric vehicles. In addition to promoting sales of electric vehicles, the Biden administration has sought to establish domestic sources of lithium and other materials used to make batteries. China currently dominates the battery supply chain. The Indiana factories “will greatly expand EV battery manufacturing capacity in North America and reduce America’s reliance on adversarial foreign nations like China,” the Department of Energy’s Loan Programs Office said in a statement. Sales of electric vehicles have fallen short of some projections, but they still rose 11 per cent in the third quarter while sales of gasoline cars were flat, according to Cox Automotive. The Biden administration has offered tax credits of up to US$7,500 and other incentives intended to ensure that half of all cars sold by 2030 are electric, up from 9 per cent in 2024. Mr Trump and his Republican allies in Congress have vowed to eliminate the incentives and other environmental policies they have said effectively force carmakers to sell electric vehicles that buyers do not want. Stellantis has not been a major presence in the US electric car market, but it is rolling out several new battery-powered models in the coming months, including versions of the Jeep Wagoneer SUV, Dodge Charger muscle cars and Ram pickups. The federal loan will make it easier for Stellantis, which also owns Peugeot, Fiat and several other brands, to compete in the market for electric cars. The company has lost market share in the United States and is under financial pressure after sales worldwide fell 27 per cent in the third quarter compared with a year earlier. Stellantis announced Dec 1 that its CEO, Carlos Tavares, had resigned. The Biden administration has lent almost US$34 billion to support manufacturing of low-emission or zero-emission vehicles, including the Rivian and Stellantis projects. The loans carry interest rates comparable to what the federal government pays on Treasury notes. NYTIMES Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now

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how to withdraw in phlboss using gcash Flagstar Financial, Inc. ( NYSE:FLG – Get Free Report )’s share price dropped 2.6% during mid-day trading on Thursday . The stock traded as low as $8.89 and last traded at $8.89. Approximately 654,250 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 7,996,325 shares. The stock had previously closed at $9.13. Analysts Set New Price Targets A number of equities research analysts have commented on the stock. UBS Group started coverage on shares of Flagstar Financial in a research note on Tuesday, December 17th. They set a “neutral” rating and a $11.50 target price on the stock. Compass Point raised their price objective on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Check Out Our Latest Stock Analysis on FLG Flagstar Financial Stock Performance Flagstar Financial Announces Dividend The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were issued a dividend of $0.01 per share. This represents a yield of 0.33%. The ex-dividend date was Friday, December 6th. Flagstar Financial’s dividend payout ratio (DPR) is currently -0.92%. Flagstar Financial Company Profile ( Get Free Report ) Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit. See Also Receive News & Ratings for Flagstar Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Financial and related companies with MarketBeat.com's FREE daily email newsletter .The Seattle Seahawks (8-7) ready for a road matchup with the Chicago Bears (4-11) at Soldier Field on Thursday, Dec. 26, 2024. If you are looking to find Seahawks vs. Bears tickets, information is available below. Seattle Seahawks vs. Chicago Bears game info NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more. How to buy Seahawks vs. Bears tickets for NFL Week 17 You can buy tickets to see the Seahawks play the Bears from multiple providers. Seattle Seahawks vs. Chicago Bears betting odds, lines, spreads Odds courtesy of BetMGM Seattle Seahawks schedule Seattle Seahawks stats Chicago Bears schedule Chicago Bears stats This content was created for Gannett using technology provided by Data Skrive.

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto has castigated the Pakistan Muslim League-Nawaz-led (PML-N) government over "slow internet speed" in the country, wondering why fish only cut Pakistan's undersea fibre optics cable. "PML-N's politics is based on motorways [...] infrastructure for our generation is digitalisation, internet and its speed," Bilawal, who also served as the top diplomat during Shehbaz Sharif's previous stint as prime minister, said while speaking to journalists in Ratodero. Users across various cities in Pakistan continue to face sporadic internet disruption and slow speed, resulting in difficulties with browsing, as well as downloading and sharing media. According to a list issued by Ookla Speedtest Global Index, Pakistan was ranked 100 out of 111 countries in mobile internet speeds with a download speed of 20.61Mbps and upload speed of 8.53Mbps. Meanwhile, the index ranked the country at 141 out of 158 countries in broadband speeds with a download speed of 15.60Mbps and upload speed of 15.53Mbps. Talking to media today, Bilawal — whose party is an ally of the PML-N in Centre — said they should have increased the internet speed instead of reducing it. "How can the government retract from its own statements," he asked, noting first they claimed the internet cable had been cut, later they retracted it. "Why bother with VPNs when the public doesn't even have reliable high-speed internet?" the PPP chairman asked. Responding to a question, he said that water is everyone's fundamental right and the PPP has always tried to resolve the problems being faced by the people. "We agreed that the development budget of all four provinces would be chalked out with mutual consultation," he said, adding that it seems the federal government "is not treating smaller provinces well". Furthermore, he said, the PML-N-led government lacks a mandate for "unilateral and controversial" decisions — referring to the federal government’s plan to build new canals to draw additional water from the Indus River for farming purposes. "Such projects are controversial if we move ahead in violation of the IRSA [Indus River System Authority] agreement," he added. Bilawal pointed out that Kalabagh Dam was also a unilateral decision, which the PPP did not allow to be implemented. "It is challenging to get work done from any government in Pakistan," he said, hoping that the issues of the provinces would be resolved through negotiations. He vowed that the PPP would leave no stone unturned to provide relief despite limited resources. In response to a question, the PPP chairman said that the economy was performing better "on paper", which his party welcomes. "If the economy is improving, its benefits should reach the people," he added. When asked about the pro-Imran Khan statements by United States (US) politicians, Bilawal termed them "political statements" and said those who are doing politics under the pretext of US conspiracy were "dangerous for Pakistan and its people". "Such people who play politics on conspiracies instead of focusing on public issues are dangerous for the country," he added. A day earlier, the PPP chairman said the international powers were "casting an evil eye on nuclear technology gifted by Zulfiqar Ali Bhutto and Benazir Bhutto." Expressing annoyance over “foreign interference” in Pakistan’s internal affairs, he said: “Statements are being issued from the US about our internal politics; these statements are just excuses.” He said that the US lawmakers had nothing to do with democracy in Pakistan, adding: “PTI founder is just an excuse, their real target is Pakistan’s nuclear and missile programme.”https://arab.news/24awb Riyadh: Speakers from all over the world addressed the fourth Riyadh International Philosophy Conference, which concluded on Saturday. Organized by the Literature, Publishing, and Translation Commission, the conference, held at the King Fahd National Library in Riyadh, featured 60 speakers from around the world, the Saudi Press Agency reported. Subjects discussed included humanity’s progress and the role of philosophy in shaping a better future in a multicultural world. Other talks focused on the quality of life, philosophy’s role in societal well-being, improving urban life in the face of diversity, social solidarity for female athletes with disabilities, and the impact of artificial intelligence on human life. Mohammed Alwan, the commission’s CEO, said that the conference helps philosophy contribute to addressing pressing global challenges through dialogue among thinkers from various countries. For the first time in Saudi Arabia, the conference partnered with international organizations such as “New Philosopher” and The School of Life, the SPA reported. The event emphasized philosophy’s role in tackling contemporary societal challenges, exploring principles of justice, virtue, and happiness essential to prosperous societies. The conference underscored the Kingdom’s commitment to intellectual enrichment and cultural exchange, linking academic thought with real-world applications, the SPA reported.

Appalachian State hires South Carolina offensive coordinator Dowell Loggains as head coachST. THOMAS, Virgin Islands (AP) — Michael Christmas scored 15 points as Longwood beat UAB 89-81 on Friday for its sixth straight victory. Christmas shot 4 of 6 from the field and 6 for 6 from the line for the Lancers (6-0). Kyrell Luc scored 14 points and added five rebounds. Colby Garland had 12 points and shot 5 of 10 from the field and 2 of 3 from the free-throw line. The Blazers (3-3) were led in scoring by Yaxel Lendeborg, who finished with 18 points and 10 rebounds. Ja'Borri McGhee added 16 points and four assists for UAB. Christian Coleman also had 14 points. Longwood was tied with UAB at the half, 43-43, with Luc (eight points) its high scorer before the break. Longwood took the lead for good with 1:55 remaining on a jump shot from Luc to make it 80-78. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Semler Scientific (NASDAQ:SMLR) Trading Down 3.1% – Time to Sell?TORONTO — CBC is restoring its live New Year's Eve celebration. A year after the national broadcaster cancelled the 2024 countdown due to "financial pressures," it says the special event is back on the TV schedule to mark the dawn of 2025. Festivities begin Dec. 31 with the one-hour "22 Minutes New Year's Eve Pregame Special," a satirical reflection on the events of 2024 with the cast of the political comedy series "This Hour Has 22 Minutes." It will be followed by "Canada Live! Countdown 2025," a special hosted by news anchor Adrienne Arsenault and singer Jann Arden broadcasting live from Toronto's Harbourfront Centre, and anchor Ian Hanomansing and comedian Ali Hassan at Vancouver's VanDusen Botanical Garden. A representative for the CBC says the coast-to-coast show will feature reporters at more than a dozen community events across the country while a countdown to the new year will take place in each of the six time zones. Throughout the seven-and-a-half-hour program, "many Canadian celebrity guests" will appear in live and pre-taped messages. "Canada Live! Countdown 2025" begins at 8 p.m. ET on CBC News Network and CBC Gem with CBC-TV and CBC Radio picking up the feed at 9 p.m. in local markets. Last year, the CBC replaced its live New Year's Eve programming with a taped Just For Laughs special hosted by comedian Mae Martin. That left Canadians without a homegrown countdown on any of the major networks, which sparked blowback on social media from some viewers. The CBC began its annual specials in 2017 to mark Canada’s sesquicentennial year. Some of the more recent broadcasts were hosted by comedian Rick Mercer and featured fireworks and musical performances in key cities. But when CBC paused those plans last year, it said the show had become "increasingly expensive to produce." The decision to sideline the program was made shortly after members of Parliament summoned outgoing CBC president Catherine Tait to testify about job cuts and her refusal to rule out bonuses for CBC executives. This report by The Canadian Press was first published Dec. 12, 2024. David Friend, The Canadian Press

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In a year-end interview, Edmonton Mayor Amarjeet Sohi sits down with Erik Bay to discuss important issues in the city in 2024. They discussed a wide range of topics, including the residential property tax increase and how the provincial budget in the spring could help lower the rate and progress being made on the province not paying its fair share of property tax in Edmonton. They also touched on safety in the city, the rate of new home construction and housing affordability, and the municipal election that will happen in the fall of 2025 and Sohi’s intentions. Watch that interview in the player above.Denton food trucks guide: Where to find 'em and what to knowGus Malzahn is leaving UCF to become Florida State's offensive coordinator, AP source saysClayton scores 34 as Ohio knocks off Portland 85-73

An ex-detective accused of abusing women died in an apparent suicide as his trial was starting

Andrew Luck returns to Stanford as the GM of the football programNoneREPEAT/ZoomInfo Named To Newsweek’s 2025 Excellence 1000 Index

The federal loan will make it easier for Stellantis, which also owns Peugeot, Fiat and several other brands, to compete in the market for electric cars. The Biden administration expanded its efforts to lock in its climate policies Dec 2, saying that it would lend almost US$7 billion (S$9.37 billion) to help build battery factories in Indiana to supply vehicles made by Stellantis, the owner of Jeep, Chrysler, Dodge and Ram. The financing, which was the second multibillion-dollar loan related to electric-vehicle manufacturing in a week, is part of the administration’s efforts to create domestic supplies of batteries. President-elect Donald Trump has vowed to reverse Biden administration policies aimed at promoting electric-vehicle manufacturing. Transportation is the biggest source of greenhouse gases in the United States. Last week, the Department of Energy said it would lend US$6 billion to help Rivian build an electric-car factory in Georgia. Rivian, a relatively new company that makes only electric vehicles, plans to produce sport utility vehicles and hatchbacks at the factory, in Social Circle, near Atlanta. The loan announced Dec 2, for US$6.85 billion not including interest, will be used to finance two battery plants in Kokomo, Indiana, that are being built by StarPlus Energy, a joint venture between Stellantis and Samsung SDI, a South Korean company. The factories will employ 2,800 people once they are up and running and 3,200 workers during construction. The plants will be capable of making batteries for 670,000 vehicles a year, the Department of Energy said. The loan agreements for StarPlus and Rivian will be binding once the government and the companies sign final contracts, which is expected to take place before Mr Trump’s inauguration in January. As has often been the case with the Biden administration’s clean energy funds, both projects are in congressional districts represented by Republicans, who have generally been opposed to using federal money to promote the manufacturing of electric cars. Still, some of them may be unwilling to get in the way of projects that bring thousands of jobs and billions of dollars to their districts. Carmakers have also asked Mr Trump not to roll back tax provisions that support sales of electric vehicles. In addition to promoting sales of electric vehicles, the Biden administration has sought to establish domestic sources of lithium and other materials used to make batteries. China currently dominates the battery supply chain. The Indiana factories “will greatly expand EV battery manufacturing capacity in North America and reduce America’s reliance on adversarial foreign nations like China,” the Department of Energy’s Loan Programs Office said in a statement. Sales of electric vehicles have fallen short of some projections, but they still rose 11 per cent in the third quarter while sales of gasoline cars were flat, according to Cox Automotive. The Biden administration has offered tax credits of up to US$7,500 and other incentives intended to ensure that half of all cars sold by 2030 are electric, up from 9 per cent in 2024. Mr Trump and his Republican allies in Congress have vowed to eliminate the incentives and other environmental policies they have said effectively force carmakers to sell electric vehicles that buyers do not want. Stellantis has not been a major presence in the US electric car market, but it is rolling out several new battery-powered models in the coming months, including versions of the Jeep Wagoneer SUV, Dodge Charger muscle cars and Ram pickups. The federal loan will make it easier for Stellantis, which also owns Peugeot, Fiat and several other brands, to compete in the market for electric cars. The company has lost market share in the United States and is under financial pressure after sales worldwide fell 27 per cent in the third quarter compared with a year earlier. Stellantis announced Dec 1 that its CEO, Carlos Tavares, had resigned. The Biden administration has lent almost US$34 billion to support manufacturing of low-emission or zero-emission vehicles, including the Rivian and Stellantis projects. The loans carry interest rates comparable to what the federal government pays on Treasury notes. NYTIMES Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now

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