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Billionaire <keyword id="19929098" type="General" weightage="20" keywordseo="gautam-adani" source="keywords">Gautam Adani</keyword>'s group will supply <keyword id="19914923" type="General" weightage="20" keywordseo="clean-energy" source="keywords">clean energy</keyword> to power Google's cloud services and operations in India, the two firms said on Thursday. <keyword id="19955648" type="General" weightage="100" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani group</keyword> will supply 61.4 megawatt of electricity from a new <keyword id="21342349" type="General" weightage="20" keywordseo="solar-wind-hybrid-project" source="keywords">solar-wind hybrid project</keyword> located at its 30 gigawatt (GW) Khavda renewable energy park in Gujarat. Google powers most of its cloud operations and services through electricity procured from the grid and is planning to run the entire operations on clean energy by 2030. Adani is expected to start commercial operations in the third quarter of 2025. At the '<keyword id="23413952" type="General" weightage="20" keywordseo="Google-for-India" source="keywords">Google for India</keyword>' event, the search giant also announced a partnership with CleanMax for sourcing 125.4 MW of clean energy to power its offices and cloud regions in India. Of the contracted volumes, 66 MW solar energy will come from Rajasthan and 59.4 MW wind energy from Karantaka. "These projects are expected to start commercial operations in Q4 2025 and will deliver <keyword id="22243112" type="General" weightage="20" keywordseo="carbon-free-energy" source="keywords">carbon-free energy</keyword> to the grid where Google operates offices and cloud regions in India," Google said. While Google made the announcement at the 'Google for India' event here, the Adani Group gave details in a statement. "Through this partnership Adani will supply clean energy from a new solar-wind hybrid project located in the world's largest renewable energy plant at Khavda, Gujarat. This new project is expected to start commercial operations in the third quarter of 2025," the Adani group statement said. This innovative collaboration will help advance Google's 24/7 carbon-free energy goal by ensuring cloud services and operations in India are supported by clean energy and thereby contribute to the <keyword id="20289318" type="General" weightage="20" keywordseo="sustainable-growth" source="keywords">sustainable growth</keyword> of Google in India. Adani had previously announced plans to set up data centres run on clean energy. It had in October 2022 leased 4.64 lakh square feet of space at its data centre in Noida to Raiden Infotech, an entity of Google.

Adani to supply clean energy for Google's cloud operations in India

<ul class="summary-list"><li>Sweden has dropped plans for 13 wind farms in the Baltic Sea due to security concerns.</li><li>Wind turbines could interfere with radar and slow Sweden's missile response, its army said.</li></ul>Sweden has quashed plans for 13 offshore wind farms in the Baltic Sea over concerns that they could impede its response to a missile attack.Sweden, which joined NATO earlier this year, shares a coast on the Baltic Sea with Russia."With war in close vicinity, Sweden finds itself in a serious security situation," Pål Jonson, Sweden's defense minister, <a target="_blank" class="" href="https://x.com/PlJonson/status/1853393931876106541">wrote on X</a> on Monday.Jonson shared a graphic to illustrate how a cluster of wind turbines could impede the country's ability to detect incoming cruise or ballistic missiles. A recent study produced by the Swedish Armed Forces concluded that an extra minute could be added to the country's response time to an incoming missile due to the turbines, <a target="_blank" class="" href="https://www.svt.se/nyheter/inrikes/forsvarsmakten-vill-stoppa-planerad-vindkraft-i-ostersjon">Swedish national broadcaster SVT reported</a>.It said that the towers and their blades produce radar echoes and interference both in the air and underwater, making missiles and submarines in their vicinity harder to detect.<a target="_blank" class="" href="https://www.businessinsider.com/sweden-nato-alliance-new-ways-strike-russia-targets-kaliningrad-stpetersburg-2024-3">Sweden's accession to NATO</a> earlier this year has seen it step up its military readiness in the Baltic, including beefing up security around <a target="_blank" class="" href="https://www.businessinsider.com/putin-both-eyes-crucial-baltic-island-gotland-sweden-army-chief-2024-5">the strategic island of Gotland</a>.Jonson, in his posts, said it was "important" to note Sweden's proximity to "heavily militarized Kaliningrad" — a Russian exclave that borders Lithuania and Poland and has a coastline on the Baltic Sea.Offshore wind power is a priority for Sweden's government, <a target="_blank" class="" href="https://www.barrons.com/news/sweden-s-defence-concerned-by-planned-offshore-wind-power-c0a8c95f">Jonson told AFP</a>.The 13 wind farms would have been placed along Sweden's eastern coast, stretching from the Åland archipelago in the north to Öresund in the south, outlet <a target="_blank" class="" href="https://svenska.yle.fi/a/7-10066739">Yle reported</a>.The government did approve one farm, off Sweden's western coast, it said.Monday's decision is a blow to Sweden's renewable energy plans. A 2022 Swedish Energy Agency report <a target="_blank" class="" href="https://www.reuters.com/article/business/energy/swedish-power-demand-could-double-by-2035-amid-electrification-drive-idUSL8N3352RH">seen by Reuters</a> estimated that the country's energy consumption could double by 2035.Wind farms were seen as one of the major ways to plug that gap, Reuters reported.

A NATO country rejected offshore wind farms it said could slow its response to a Russian missile attack

<ul class="summary-list"><li>Wind-tunnel testing is crucial for Formula 1 teams to study and optimize a car's aerodynamics.</li><li>Aerodynamics have become vital as regulations have emphasized downforce and airflow.</li></ul>Formula 1 is a fast sport, with cars reaching speeds of well over 200 mph. But off the track, things are a bit slower and more methodical. Months of testing go into the development of each race car — and wind-tunnel testing is critical in this process."Wind-tunnel testing is simply the most important development tool you have," said Guenther Steiner, a former team principal of the Haas F1 team who's now an ambassador for the <a target="_blank" class="" href="https://www.businessinsider.com/miami-grand-prix-distinct-features-f1-race-marina-2024-5">Miami Grand Prix</a>. "You come up with ideas and test them through computer simulations, but then you must verify they actually work. That's where the wind tunnel comes in."Essentially, the wind tunnel is a large tubelike room with a massive fan at one end and a 60% scale model of a Formula 1 car suspended from the ceiling. A rolling track underneath the scale model simulates the road of a Formula 1 circuit, allowing engineers to study the car's aerodynamics without having to go to an actual track."It's really just a big — well, very big — metal tube with a fan in it," said Dan Fallows, the technical director of the Aston Martin Aramco F1 team, which this month is opening a technology center with a new wind tunnel."Instead of the car moving around the circuit, the car stays in one place, but the road moves and air flows around it," Fallows continued. "We simulate all of the conditions the car would see as it goes around the circuit, and, more importantly, we can directly measure the loads that would play on the car as it goes around the track in those conditions."Throughout the year, teams develop new parts that affect the car's aerodynamics, such as variations on the front and rear wings, the side pods, and the car's floor. The teams run these parts through a simulated computer model known as CFD, or computational fluid dynamics, and then place scale models on the car in the wind tunnel.<div type="image" title="A gray computer model of a race car with colorful lines around and behind it representing air flow." height="1410" width="2820" msid="113333847" hostid="261" sizebytes="187104"></div>"It gives us a very accurate understanding on the forces around the car and, if we do an update, what it would do for us," Fallows said. "It shows us what lap time or performance gain we could get."Engineers also communicate with the team's drivers and <a target="_blank" class="" href="https://www.businessinsider.com/formula-1-team-principal-schedule-responsibilities-2024-6">principal</a> to develop the car to their liking and identify problems on a <a target="_blank" class="" href="https://www.businessinsider.com/formula-1-hermann-carsten-tilke-design-new-racetracks-2024-8">track-by-track</a> basis."Some of the research is just stabilizing the car to make it easier to drive," Fallows said. "We split it between testing for outright performance and also track-dependent issues."<h2 id="7a56bf91-8895-4284-aa5e-46b6906b5116">Aerodynamics era</h2>In recent years, the wind tunnel has become more essential to the development of a Formula 1 car. Since 2022, car regulations have emphasized downforce and airflow, making aerodynamics vital."Our race cars are currently in an aerodynamics era," said Zak Brown, the CEO of McLaren. "Sometimes, in the past, we've been in a power-unit era, for example — but the emphasis on aerodynamics right now makes the wind tunnel critically important."<div type="image" title="A head-on view of a Formula 1 race car suspended above a testing track." height="1512" width="3024" msid="113333846" hostid="261" sizebytes="94350"></div>The wind tunnel is so crucial that Formula 1 has restricted the time that teams can spend using their wind tunnels in a week. Time allotment works on a sliding scale: The constructor in last place gets the most time, while the first-place team gets the least."It's sort of like how in the NFL the worst team gets the best draft pick," Brown said. "The wind tunnel is used as a bit of a balancing act for team performance because it is just that critical."<h2 id="5505e761-c841-4f46-a968-e3ee5552a95b">The present and the future</h2>Each team walks a fine line between using the wind tunnel to further develop its current car and using it to develop the next season's car. Fallows said this would be particularly important for the 2026 season, when new rules and regulations will require substantial changes to car design."It's very tricky to allocate the time because we have a finite amount of resources," Fallows said. "But no doubt, for 2026, people will be starting their development an awful lot earlier. We're actually not allowed to start research on that until January 1, 2025 — but I guarantee every team will be doing that on the first day of the new year."Though wind-tunnel testing is largely a long-term development tool, Fallows said it could have short-term effects. He and his engineers at the technology center in England talk with the team at the track each Grand Prix weekend and often make adjustments in real time."When it gets really exciting is when you have something that happens on a race weekend, maybe during a Friday practice, and you get feedback from the drivers or engineers," he said. "You go into the wind tunnel, identify the problem, fix it, and get the solution on the car before it even goes to qualifying. That happens more often than you think."As with most things in Formula 1, teams are secretive about the specifics of their wind tunnels. For example, Fallows confidently says the wind tunnel in the new Aston Martin technology center will be the most advanced in Formula 1 — but can he divulge why?"Um, not really!" he said with a laugh. "Unfortunately, it's a bit of a closely guarded secret, but we've upgraded some of the things that other teams have. By the time it comes online, it'll be the best wind tunnel in a number of areas — and that should give us an edge."

How wind-tunnel testing can make or break an F1 season

<ul class="summary-list"><li>So far this year in the EU, wind and solar generated more electricity than fossil fuels.</li><li>Renewable energy met 50% of EU's power needs while fossil fuels met 27%, an Ember analysis found.</li></ul>For the first time, wind and solar generated more of the European Union's electricity than fossil fuels during the first half of the year.Wind and solar accounted for an all-time high of 30% of the region's energy needs, <a target="_blank" href="https://l.businessinsider.com/u/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=ZnrNxVqwnFMueGbLncJuAuDabJMBt5oFp&amp;_e=DrjEVSA8twutsmKnFEYiObpcG8HAd5Khu9DzJhWI1jKQrZSU47NpvAi3EelOn56l0d-kjcJpIhHOGRZfHYlnuDelFXOzvHbD_zs0a7QOFQ8z7u9_7cynOR91rLd0fR6Y48Hj_8n7WmcpbFqdJXG3cdqOMvGV98qe4zCtc_OkLyVivBKk-WB_hlpCePc2gXJwc8tvwdRSnmvjfU6QsausQh6c5BXfLawYk6X_MAayMO_aSOuosARFTvpz-LjzzdEUhVmHRUYX32p91pIMg115ZT_g76PjqtzD-9qwfj0fvBfCad9RI72mo2hKDjo3Ot7dUR0DLeAIESJtClKTQghWwNAGbRowO8BkJ6J60d0SaMh_NbXB3bhRu531nxT078inXDLLSXUEpXJyjzCiCHJW1A%3D%3D">according to an analysis by the think tank Ember</a>. Oil, gas, and coal contributed a combined 27% of power — a 17% drop compared with the same period in 2023.It's a remarkable milestone considering that two years ago, Europe was racing to import gas because Russia cut off supplies following its invasion of Ukraine. Gas prices spiked and demand dropped. Since then, demand has started to rebound, and it's being met with renewables. Hydropower made a comeback after drought eased in certain parts of the EU, meaning that when combined with wind and solar, renewables generated half the bloc's electricity in the first half of the year."Milestones like this point towards a very clear direction of travel," Chris Rosslowe, an analyst at Ember, told Business Insider. "The question is not if, but when, renewables will dominate the European power system."The trend raises questions about the rapid build-out of gas-export terminals, known as LNG terminals, in the US and Canada to ship more fuel to Europe. Ember found that so far this year, gas generation in the EU dropped 14% compared with the same period in 2023, even as electricity demand ticked up. A mild winter helped, but the rise of renewables pushed out fossil fuels in countries like Germany, Spain, France, the Netherlands, and Belgium.<a target="_blank" href="https://l.businessinsider.com/u/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=ZnrNxVqwnFMueGbLncJuAuDabJMBt5oFp&amp;_e=DrjEVSA8twutsmKnFEYiObpcG8HAd5Khu9DzJhWI1jLkQpmfsgRzS5IVBo7tvu_7EcCA7zzwPX3K8ncAfQkkPqyCY76iHT8IQbIKGHCCQeeC7XgADeKZg0Xyn29dnhuE4vuWEYo5bKXJkbXS7iAX9l23nYkIHkLo23TdOrjzbT0jdPe6z5d3YurN21yr3NsB0kRj4D5cedKRMUqI_we8HR-dBpdMJW0r1L4u0b7GMuOjDI1nwRps5MmmhiQF1LmincNgpAlraRQaWTawJZN0gF5CEARDbZh8g9WtgTf4T-GOxX8em4736ohkB7Vf7KMJQtwd582MjhC9xFpPNEQ5T6_lpIvsgKi1R2mR3fqrCn_eBTjJ1Dcmd5LiEHfbZI8FlqlNB3bggVuS8_obXEVgnQ%3D%3D">In a separate report</a>, Ember forecasted a global LNG supply glut by 2026 and a substantial drop in EU gas demand by 2030."There was an urgent, short-term need to diversify gas supply sources in Europe when Russia invaded Ukraine," Sarah Brown, Ember's Europe program director, said. But the rush to increase LNG exports from places like the US ignores the reality of rapidly declining gas demand in Europe, she added."It is now clear that the global supply of LNG that is online and under construction far outweighs projected demand," Brown said.In 2023, the US became the largest LNG exporter in the world, surpassing Australia and Qatar, <a target="_blank" href="https://l.businessinsider.com/u/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=ZnrNxVqwnFMueGbLncJuAuDabJMBt5oFp&amp;_e=DrjEVSA8twutsmKnFEYiOV6x2Rb4s-g1bOzk-dA1nG7aUge4A5I_qX_RO_bYgXHEkukR5LwS3YASqKytZ6JRhFowRXH1zAeFmrD3iklyjfbV3pauCkyR8m44FQw_oQgkKbZZ9vDEz0utOLATGDrl5mqcvFC_xfr_1cEudsYZFJNcQSbDasZGalBGuuqKqP5MccGz5D0YkOmiWs3Xg1JSWONk0AMUJfHJXRBxDyF2XU8bBV3E6qHH8a2yfQxjehdO1G-fFLuvEiBmRBevtNW9-RsurF2cHKegBOit7QvnADbWfmt-eqSUDkwQIusi1P2TOJu7OmFWgOGct_XbniglADNo3d7Hm9x6t0JxGZlvyCA%3D">according to the US Energy Information Administration</a>. Europe is the main destination for those exports and demand is expected to rise through this year. Shipments to Asia are also growing. Five new LNG terminals are under construction in the US, and more than a dozen more could be on the way depending <a target="_blank" href="https://l.businessinsider.com/a/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=ZnrNxVqwnFMueGbLncJuAuDabJMBt5oFp&amp;_e=DrjEVSA8twutsmKnFEYiObeUF_ZwpLGnhr0MUKMpsUyA96BruMRfPDrAZ0k9_7XgqLj_1TKZzT-pOrPIn2SECFhd6L0WgreMY3DNnHLgZnHWNRHbspKh2Y2ZdAA-EHB--kTGMeuvr8XPdZdkXRD-vpWGu1GfuYNYvBJtCdxBahYXMGtbY9byj8In6EYhDCQXuifp23eypwwkVIjMgyB10EGd4lQNwqNTsBGWlJdQRNVFywncpSehpNiWc_OoKt-AkAtzpVSUflsNCUX8OjNxDe8g5A_DRIpEqU8hOP3AIOD-l-o7j3OnBiRPO-4_2-JrLmr-v9lcXaZYsOr3FOAWtnPkuSKZbJVfLRGmupgijvEbPGhQe32FZTxU6hdVli7GLuSuZJI8jWqecv4wGE1KhnlZeNtjuLNvyAihi5VBS9c%3D">on the outcome of a Biden administration review</a> of their climate impacts.But the gas could eventually have trouble finding a home in European countries like Germany, which added the most wind and solar capacity of any EU member during the first half of the year. Germany also closed 15 coal power plants in April and imported more nuclear electricity from France.Rosslowe said that Germany's transition away from fossil fuels reflects policy decisions made several years ago. In 2021, the government set more ambitious goals to reduce greenhouse-gas emissions, including phasing out coal by 2030, and changed some permitting rules to speed up the construction of solar and wind projects.Ember's report said that while it's unclear how swiftly fossil-fuel use will drop across Europe, a pipeline of solar and wind projects suggests this tipping point could be permanent.

Russia's war pushed Europe to a tipping point on wind and solar

<ul class="summary-list"><li>Investors are shifting their focus from the 'Trump trade' to the Federal Reserve's interest rate decision.</li><li>The 'Trump trade' refers to market strategies anticipating a second Trump presidency.</li></ul>Barely a week after the <a target="_blank" class="" href="https://www.businessinsider.com/timeline-donald-trump-rally-shooting-pennsylvania-2024-7">failed assassination</a> of former US President Donald Trump, investors are already moving on from the "Trump trade."The "Trump trade" refers to investor strategies that reflect the market consequences of a second Trump presidency. This <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-trade-dominate-markets-weekend-shooting-bitcoin-dollar-inflation-bonds-2024-7">trade was in full display</a> on Monday — the first trading day after the Saturday assassination attempt.But now, the Federal Reserve is taking over the market's agenda again.Positions of options tied to the Secured Overnight Financing Rate — which reflects the pricing of overnight loans collateralized by US Treasury securities — pointed to fresh bets involving a big Fed rate cut in September or an easing cycle starting later this month, according to a <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-07-16/bond-traders-look-past-trump-trade-to-bet-big-on-fed-rate-cuts">Bloomberg analysis.</a>"The Fed's probably the dominant force until early November, then politics really kicks in," Michael Schumacher, the global head of macro strategy at Wells Fargo Securities, told <a target="_blank" class="" href="https://www.bloomberg.com/news/videos/2024-07-17/trump-trade-is-about-done-for-now-wells-fargo-s-schumacher-says">Bloomberg</a> on Wednesday.Schumacher said the "Trump trade" has run its course and is "about done for now."<h2 id="ae4b2029-afbe-406c-a028-572b0ef5cc68">Focus on Fed interest rate decision</h2>To be sure, a second Trump presidency — including his administration's trade and tariff policies — would have important implications for the macroeconomy and markets, say most analysts.But as Vishnu Varathan, Mizuho Bank's chief economist of Asia, excluding Japan, wrote earlier this week, "it is hasty to conclude prematurely what the 'Trump 2.0' will mean for markets."In particular, concerns about inflation as a result of Trump's policies — or <a target="_blank" class="" href="https://finance.yahoo.com/news/the-smart-money-is-preparing-for-trumpflation-200215069.html">"Trumpflation"</a> — are likely to play out only in the months ahead, he added.Right now, markets are focused on when the Fed will cut interest rates, particularly since June <a target="_blank" class="" href="https://www.businessinsider.com/inflation-cpi-june-prices-food-energy-fed-interest-rate-cuts-2024-7">inflation</a> came in lower than expected, at 3.0% year-over-year — the lowest in a year.<a target="_blank" class="" href="https://apnews.com/article/federal-reserve-inflation-powell-interest-rates-economy-0c6fd2a467c3be5292644761acb0298e">Fed chair Jerome Powell</a> signaled on Monday that the central bank is increasingly confident that inflation is heading to its long-term inflation target of 2%. He also said that the Fed doesn't need to wait until inflation goes all the way down to that level before cutting rates.On Wednesday, <a target="_blank" class="" href="https://www.businessinsider.com/fed-rate-cuts-outlook-inflation-target-economy-waller-barkin-williams-2024-7">Fed Governor Christopher Waller </a>indicated that the central bank would cut "in the not-too-distant future."Analysts at <a target="_blank" class="" href="https://www.businessinsider.com/fed-rate-cuts-outlook-inflation-target-economy-waller-barkin-williams-2024-7">Swiss bank UBS</a> said investors should not lose sight of "fundamental factors" amid the noise in the lead-up to the US presidential election in November."While developments in US politics may contribute to market swings in the lead-up to the election, we think investors should focus on preparing their portfolios for a lower-rate environment amid technological advances," the UBS analysts wrote on Tuesday.

The 'Trump trade' is winding down, and the Fed's rate plans are back in focus

<ul class="summary-list"><li>Erik Prince, the founder of Blackwater, said 5mph wind was enough to displace the bullet by two inches.</li><li>Donald Trump was "not saved" by the US Secret Service's "brilliance," the former Navy SEAL said.</li></ul>Former President Donald Trump may only be alive due to the shooter's bad wind estimate, according to Erik Prince, a former Navy SEAL and the founder of private military company Blackwater.In an X <a target="_blank" class="" href="https://x.com/realerikdprince/status/1812538250931642534?s=46&amp;t=o-gfid_uWzVLqbUuvoCCsg">post</a> on Sunday, Prince joined those criticizing the Secret Service's handling of the attempt on Trump's life, saying Trump may only be alive due to a "bad wind estimate by an evil would-be assassin."Prince pointed to a map of the rally site in Butler, Pennsylvania, which he said was from an unnamed SEAL sniper instructor at Red Sky LLC.The map shows a 5mph wind blowing westward in the bullet trajectory."As the graphics show, the full-value wind of just 5 mph was enough to displace the unconfirmed but likely light 55-grain bullet two inches from DJT's intended forehead to his ear," Prince said, using Donald John Trump's initials."DJT was not saved by USSS brilliance," he added.Prince and representatives for the Secret Service didn't immediately respond to a request for comment.The former president was shot in the upper part of his <a target="_blank" class="" href="https://www.businessinsider.com/trump-speaks-out-after-shooting-thanks-secret-service-condolences-victim-2024-7">right ear</a> at a campaign rally in Butler on Saturday.The gunman "fired multiple shots toward the stage from an elevated position," according to a <a target="_blank" class="" href="https://www.businessinsider.com/gunman-450-feet-away-from-trump-when-he-fired-shots">statement</a> shared by Secret Service spokesperson Anthony Guglielmi.The shooter, armed with an <a target="_blank" rel="" class="" href="https://www.businessinsider.com/trump-rally-shooter-ar-style-gun-fbi-investigation-2024-7">"AR-style" rifle</a>, was only about 450 feet (roughly 137 meters) away from Trump, satellite imagery <a target="_blank" class="" href="https://www.businessinsider.com/gunman-450-feet-away-from-trump-when-he-fired-shots">shows.</a><div type="image" title="Former US President Donald Trump was hit in his right ear and is fine following a deadly shooting at his rally in Pennsylvania. This map shows how far the shooter was from Trump on stage." height="522" width="800" msid="111759230" hostid="261"></div>Videos of the shooting show the former president clutching his hand to his <a target="_blank" rel="" class="" href="https://www.businessinsider.com/trump-photo-rally-shooting-republican-rallying-call-2024-7">bloodied face</a> and later raising his fist triumphantly while being escorted off the stage by the Secret Service.Trump later <a target="_blank" class="" href="https://www.businessinsider.com/trump-speaks-out-after-shooting-thanks-secret-service-condolences-victim-2024-7">thanked</a> the US Secret Service and law enforcement for their "rapid" response.But the assassination attempt raised questions about why the US Secret Service <a target="_blank" class="" href="https://www.businessinsider.com/ex-secret-service-agents-how-trump-assassin-could-fire-shots-2024-7">didn't spot Trump's shooter sooner</a>, with former intelligence officers <a target="_blank" class="" href="https://www.businessinsider.com/secret-service-scrutiny-shooting-donald-trump-pennsylvania-rally-2024-7">criticizing</a> the Secret Service's procedure.Prince, who <a target="_blank" class="" href="https://time.com/archive/6914957/former-blackwater-ceo-erik-prince/">reportedly</a> served as a Navy SEAL from 1992 to 1996, pointed to several of the USSS' alleged shortcomings, including letting a rifle-armed shooter within 150 meters of a pre-planned event and failing to kill the shooter immediately."The only positive action was an apparent 488yd shot by one USSS sniper, which dispatched the assassin, but after the assassin launched at least 5 rounds, wounding DJT and killing and severely others in the crowd," he wrote on X.In his former role as founder and CEO of Blackwater, a security firm that played a major and controversial <a target="_blank" class="" href="https://www.washingtonpost.com/news/world/wp/2018/05/04/feature/a-warrior-goes-to-china-did-erik-prince-cross-a-line/">role</a> in the US wars in Iraq and Afghanistan, Prince said they were "expected to execute the basics, or we would be fired.""Clearly, USSS failed at the basics of a secure perimeter, and once shots were fired, their extraction was clumsy and left DJT highly exposed to follow-on attacks," he said.On Sunday, Guglielmi said claims that the agency had turned down a request from Trump's team for additional security were "absolutely false"."In fact, we added protective resources &amp; technology &amp; capabilities as part of the increased campaign travel tempo," Guglielmi said on X.

Trump may only be alive due to the shooter's bad wind estimate, Blackwater founder says

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Hello! You can rest easy knowing Costco's beloved $1.50 hot dog combo is "safe," <a target="_blank" href="https://www.businessinsider.com/costcos-hot-dog-combo-price-safe-cfo-2024-6">according to its new CFO</a>.<a target="_blank" href="https://www.businessinsider.com/trump-guilty-verdict-what-it-means-hush-money-felon-sentencing-2024-05">In Friday's newsletter</a>, I asked whether your opinion of former President Donald Trump had changed in light of his recent felony conviction. More than 78% said it hadn't.In today's big story, we're examining <a target="_blank" href="https://www.businessinsider.com/paramount-skydance-agree-merger-terms-reports-2024-6">Skydance's acquisition of Paramount</a> and what it means for the streaming race.What's on deck:<ul><li>Markets: Tech's run as the stock market's golden child <a target="_blank" href="https://markets.businessinsider.com/news/stocks/tech-stock-outlook-ai-earnings-sp500-growth-vs-value-stocks-2024-6">could be coming to an end</a>.</li><li>Tech: Layoffs hit <a target="_blank" href="https://www.businessinsider.com/microsoft-cuts-azure-jobs-cloud-2024-6">Microsoft's cloud business</a>.</li><li>Business: Inside a tight-knit circle of judges and attorneys that fueled a <a target="_blank" href="https://www.businessinsider.com/conflicts-of-interest-deepen-southern-district-of-texas-bankruptcy-court-2024-5">spectacular rise, and fall, of a Texas bankruptcy court</a>.</li></ul>But first, cut to black.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">Paramount's happy ending</h2><div type="image" title="An illustration of two TVs overlapping." height="1440" width="1920" msid="110709401" hostid="261" sizebytes="43130"></div>In a town known for storylines, Paramount's sale didn't disappoint.The media giant, which owns Paramount Pictures and CBS, has been in the news as an acquisition target since late last year. And just like its movies and television shows, Paramount's sale included twists, turns, and a slew of characters.In the end, media company Skydance, with help from RedBird Capital Partners and KKR, secured the goods. The deal is expected to be announced in the coming days and <a target="_blank" href="https://www.businessinsider.com/paramount-skydance-agree-merger-terms-reports-2024-6">values Paramount at $8 billion</a>.Paramount had no shortage of high-profile suitors. Warner Bros. Discovery chief David Zaslav, media entrepreneur Byron Allen, and private-equity giant Apollo, in collaboration with Sony, were among those who considered buying the company.Skydance might not be as recognizable a name, but the company's owner and CEO David Ellison is. As the son of <a target="_blank" href="https://www.businessinsider.com/david-ellison-paramount-larry-ellison-tech-2024-4">billionaire Oracle founder Larry Ellison</a>, he's basically tech royalty.But all the interest in Paramount this year didn't equate to smooth sailing. The day after broadcasting the Super Bowl <a target="_blank" href="https://www.businessinsider.com/paramount-global-sale-media-trouble-digital-streaming-redstone-viacom-2024-2">it announced companywide layoffs</a>. A few months later its CEO <a target="_blank" href="https://www.businessinsider.com/paramount-ceo-bob-bakish-out-2024-4">was shown the door</a>. At least one high-profile investor <a target="_blank" href="https://www.businessinsider.com/warren-buffett-paramount-billion-dollar-loss-2024-5">headed for the exits as well</a>.All the while, Paramount's stock suffered. Even with a nice bump from reports of the deal, shares in Paramount are still down more than 11% on the year.<div type="image" title="David Ellison in front of the Hollywood sign." height="1440" width="1920" msid="110709403" hostid="261" sizebytes="108366"></div>To make sense of the deal, I turned to one of Business Insider's media experts: <a target="_blank" href="https://www.businessinsider.com/author/peter-kafka">Peter Kafka</a>.Talks of Paramount's sale have been brewing for a while. What are your initial thoughts on Skydance being the one to seal the deal?Well, it's not sealed yet. This thing may still get derailed by a lawsuit from cranky investors. But if it does go through: It's the least-bad version for Hollywood, since owner-to-be David Ellison wants to keep Paramount making movies and TV shows, and that isn't a foregone conclusion with any other buyer.Paramount has fallen pretty far behind its peers in streaming. What is its biggest pain point that Skydance will look to address?Paramount loses money on streaming, like many of its peers. That's fixable. It has a subscale audience, and I don't know how a new owner fixes that.The deal means one of the richest people in the world is tangentially connected to Paramount. How could that play a factor?<a target="_blank" href="https://www.businessinsider.com/david-ellison-paramount-larry-ellison-tech-2024-4">As I've written</a>, the most important thing about David Ellison being Larry Ellison's son is that his dad is helping to finance the deal (what a dad!). But suggestions that Larry Ellison's tech background will help his son run a Hollywood studio make no sense.As for other streamers, are any happy, or upset, by the outcome of this deal?The most important question for Paramount isn't "who owns Paramount?" It's "is Paramount big enough to survive on its own?" And that question remains unanswered and unchanged by this deal.<h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="A cellphone open to a trading app. There are $100 bills floating around the illustration." height="600" width="1200" msid="110709405" hostid="261" sizebytes="124004"></div><ol><li>The tech industry's crown as the stock-market king could be slipping. Tech stocks have had an incredible run in the market over the past decade. But Bank of America equity strategist Savita Subramanian sees a shift by year-end that favors other sectors <a target="_blank" href="https://markets.businessinsider.com/news/stocks/tech-stock-outlook-ai-earnings-sp500-growth-vs-value-stocks-2024-6">due to several factors</a>, including higher-for-longer interest rates.</li><li>How to hedge your portfolio against market volatility. Wall Street legend Gary Shilling offered investment rules to follow <a target="_blank" href="https://markets.businessinsider.com/news/stocks/recession-stock-market-crash-investing-strategy-economy-downturn-gary-shilling-2024-6">to avoid getting blindsided by the markets' sudden movements</a>. That includes pivoting out of China and into India and betting on the US dollar.</li><li>Roaring Kitty is at risk. Trader Keith Gill, known as Roaring Kitty on social media, <a target="_blank" href="https://www.businessinsider.com/e-trade-may-ban-roaring-kitty-gamestop-stock-surge-2024-6">could get barred from E*Trade</a>, sources told The Wall Street Journal. It comes after he posted a screenshot that appeared to show he had a $116 million stake in GameStop, causing the stock to surge.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="A three-headed dog guarding a data center" height="1000" width="2000" msid="110709406" hostid="261" sizebytes="172356"></div><ol><li>The future of AI is in the hands of three tech giants. About <a target="_blank" href="https://www.businessinsider.com/amazon-google-microsoft-ai-future-data-centers-monopoly-tech-industry-2024-6">65% of global data centers' capacity is owned by three companies</a>: Amazon, Google, and Microsoft. The rush to corner the market on data centers is a move by Big Tech to secure the keys to the coming AI kingdom.</li><li>Layoffs are hitting Microsoft. The company is <a target="_blank" href="https://www.businessinsider.com/microsoft-cuts-azure-jobs-cloud-2024-6">cutting hundreds of jobs</a> in its Azure cloud business, sources say. In a <a target="_blank" href="https://www.businessinsider.com/microsoft-exec-blames-azure-layoffs-on-ai-wave-leaked-memo-2024-6">leaked memo</a> viewed by BI, Microsoft exec Jason Zander blamed layoffs on the 'AI wave' and said they'll be doubling down on quantum computing.</li><li>Apple's big event is almost here. Apple's highly anticipated Worldwide Developers Conference kicks off next week, and it's gearing up to deliver some big announcements. <a target="_blank" href="https://www.businessinsider.com/apples-wwdc-2024-expect-ai-news-siri-updates-new-homes-screen-more-2024-6">Here's what we're expecting</a>, from more on its AI strategy to iOS 18 and Siri updates.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="An illustration of David Jones, Marvin Isgur, and Elizabeth Freeman" height="1200" width="2400" msid="110709407" hostid="261" sizebytes="246528"></div><ol><li>In a Texas bankruptcy court, conflicts of interest ran deep. New details have emerged about the tight-knit circle of attorneys and judges that fueled the rise — <a target="_blank" href="https://www.businessinsider.com/conflicts-of-interest-deepen-southern-district-of-texas-bankruptcy-court-2024-5">and spectacular fall</a> — of one of the most influential bankruptcy courts.</li><li>Are we seeing a BuzzFeed-ification of the Washington Post? The struggling newsroom <a target="_blank" href="https://www.businessinsider.com/washington-post-pivot-social-media-buzzfeed-2024-6/">is launching a new news site focused on social media</a>, for a broad audience. Creating another newsroom, while still operating the original one, is going to be hard to pull off.</li><li>'Promised land' jobs are falling apart. Big Tech, finance, and consulting jobs are becoming harder to come by, upending the job search for young people. One survey found 21% of companies at large <a target="_blank" href="https://www.businessinsider.com/landing-dream-jobs-tech-consulting-banking-are-harder-than-ever-2024-5">expect to decrease hiring</a> this academic year, up from 6% in 2023 — and that's just the tip of the iceberg.</li></ol><h2 id="1ad7b482-3f4b-44b4-81b6-a864aa386478">In other news</h2><ul><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/india-election-results-narendra-modi-bjp-congress-2024-6">India's election is turning out far closer than expected, with Modi unlikely to win by a landslide</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/ai-software-code-should-you-still-study-computer-science-2024-5">With AI writing so much code, should you still study computer science? This new data point provides an answer</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/us-state-economies-ranking-best-worst-wallethub-washington-utah-massachusetts-2024-6">Washington and Utah are the states with the best economies in 2024, while many in the South are struggling</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/spotify-ceo-daniel-ek-comments-about-creators-content-costs-2024-6">Spotify CEO does damage control after his 'reductive' comments about creators spark backlash</a>.</li></ul><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Today's earnings: Hewlett Packard Enterprise and other <a target="_blank" href="https://markets.businessinsider.com/earnings-calendar">companies are reporting</a>.</li></ul>The Insider Today team: <a target="_blank" href="https://www.businessinsider.com/author/dan-defrancesco">Dan DeFrancesco</a>, deputy editor and anchor, in New York. <a target="_blank" href="https://www.businessinsider.com/author/jordan-parker-erb">Jordan Parker Erb</a>, editor, in New York. <a target="_blank" href="https://www.businessinsider.com/author/hallam-bullock">Hallam Bullock</a>, editor, in London. <a target="_blank" href="https://www.businessinsider.com/author/george-glover">George Glover</a>, reporter, in London. <a target="_blank" href="https://www.businessinsider.com/author/annie-smith">Annie Smith</a>, associate producer, in London.

With Paramount's long and winding sales process coming to an end, here's what comes next for the media giant

<ul class="summary-list"><li>Two military drones were seized by Italian authorities on their way from China to Libya.</li><li>They were found in containers and disguised to look like wind turbine parts, Italian officials said.</li></ul>Italy has seized parts for two combat drones disguised as wind turbines in containers en route from China to Libya, customs and maritime authorities said on Tuesday.Officials at the port of Gioia Tauro intercepted six containers marked as parts for wind-powered generators, which were actually filled with the fuselages and wings for military drones, the <a target="_blank" href="https://www.gdf.gov.it/it/gdf-comunica/notizie-ed-eventi/comunicati-stampa/anno-2024/luglio/traffico-di-armi">Financial Police said in a statement.</a> The agency patrols Italy's waters and is tasked with countering smuggling.Investigators said the drone parts were hidden among materials made to look like wind turbine fan blades "with the aim of concealing the checks carried out."According to the Financial Police, the drones have a tonnage of more than 3 tons, with a length of over 32 feet and a wingspan of over 65 feet. The Times of London <a target="_blank" href="https://www.thetimes.com/world/europe/article/italian-authorities-seize-chinese-drones-bound-for-libya-xpqqxvxqg">reported on Sunday</a> that Italian authorities had acted on intelligence from the US.It wrote that three containers were impounded on June 18 from the ship MSC Arina and that officials were expecting another three to arrive over the weekend on the MSC Apolline.Per the outlet, the drones were Wing Loong UAVs bound for Benghazi so they could be delivered to Libyan General Khalifa Haftar. The shipments included two control stations for the drones, per The Times.The drone specifications listed by the Financial Guard, which did not name the drones in its statement, match those of the Wing Loong-2 listed <a target="_blank" href="https://mp.weixin.qq.com/s?__biz=MTI0MDU3NDYwMQ==&amp;mid=2656573021&amp;idx=4&amp;sn=26e78e142a30483eacd782ffa340ac95&amp;chksm=7a62ebbb4d1562ad42a50c81be3c1c9ab64aea146de79d94bf692d9bf741bc8283fccb58b92b&amp;scene=27">by Chinese state media reports.</a><div type="image" title="Italian officials stand next to drone parts disguised as wind turbines." height="562" width="1000" msid="111504185" hostid="261" sizebytes="81870"></div>As a long-endurance and remotely controlled weapons platform, the Wing Loong-2 is often compared to the US-made MQ-9 Reaper, though its maximum speed and altitude are inferior to the latter.When it was introduced in 2017, China's state media lauded it as a sign that Beijing was the first to match the US in a "new generation of large-scale reconnaissance and strike integrated UAVs."Neither The Times nor the Financial Guard mentioned whether the Chinese government was involved.China's Foreign Ministry did not immediately respond to a request for comment sent by Business Insider.Italian authorities also did not say if the shipment contained munitions for the drones. They added that the seized shipment likely violates a long-standing <a target="_blank" href="https://www.sipri.org/databases/embargoes/un_arms_embargoes/libya/libya_2011">United Nations embargo</a> on weapons to and from Libya.Haftar's faction, the Libyan National Army, is based in eastern Libya and <a target="_blank" href="https://www.theguardian.com/world/2020/sep/04/khalifa-haftar-libya-warlord-faces-legal-action-us-alleged-war-crimes">attempted to overthrow</a> the country's internationally recognized government in 2020.A former officer in Muammar Gaddafi's administration, he's <a target="_blank" href="https://www.businessinsider.com/10-craziest-gaddafi-momentseccentricities-2011-2">forged close ties with Russia</a>, and Moscow has promised to support his military as he extends control over much of Libya.The use of the Wing Loong-2 was reported in Libya before this seizure. The <a target="_blank" href="https://www.france24.com/en/20190506-libya-missile-strikes-point-possible-uae-role-un-report">United Nations found that in 2019</a>, the drone was likely used by Haftar's forces in an attack on the suburbs of Tripoli.The UN report and a <a target="_blank" href="https://www.bbc.com/news/world-africa-53917791">BBC investigation</a> found that Wing Loong-2 drones were likely supplied by the United Arab Emirates, which has <a target="_blank" href="https://www.natofoundation.org/maghreb/a-new-beginning-for-the-uae-in-libya/">long been accused of backing Haftar.</a>In April, <a target="_blank" href="https://apnews.com/article/canada-un-employees-chinese-drones-libya-7c2528027dc6a22dee9714c6c931dba0">two Libyan men were charged in Canada</a> with conspiring to sell Chinese-made drones to Libya in exchange for oil between 2018 and 2021.

China-made military drones similar to the MQ-9 Reaper were disguised as wind turbines in shipments to Libya: Italian officials

How bad is the wind turbine trash problem? And can we solve it?

<keyword id="20196387" type="General" weightage="20" keywordseo="avaada-group" source="keywords">Avaada Group</keyword> on Monday said it has committed investments worth Rs 40,000 crore for development of 6,000 MW hybrid <keyword id="3418615" type="General" weightage="20" keywordseo="wind-solar" source="Orion">wind-solar</keyword> projects in <keyword id="19906863" type="General" weightage="20" keywordseo="gujarat" source="keywords">Gujarat</keyword>. The agreement was signed in the presence of Gujarat Chief Minister Bhupendrabhai Patel on the sidelines of the Vibrant Gujarat Global Summit 2024 on January 10-12 at Gandhinagar, a company statement said. According to the statement, <keyword id="20197400" type="General" weightage="20" keywordseo="avaada" source="keywords">Avaada</keyword> Group has signed a Memorandum of Understanding (MoU) with the <keyword id="6370685" type="General" weightage="20" keywordseo="gujarat-government" source="Orion">Gujarat government</keyword>. This <keyword id="116175" type="General" weightage="20" keywordseo="strategic-alliance" source="Orion">strategic alliance</keyword> aims to set up hybrid wind-solar projects with an aggregate 6,000 MW (6 GW) capacity in the state with an investment of about Rs 40,000 crore. The group's commitment to green initiatives in Gujarat is underscored by substantial investments in the development of a robust renewable energy ecosystem. The <keyword id="6476394" type="General" weightage="20" keywordseo="hybrid-projects" source="Orion">hybrid projects</keyword>, located in various districts of Gujarat, predominantly in the underdeveloped wastelands of Kutch, will supply power to various utilities of India including GUVNL (Gujarat Urja Vikas Nigam Ltd), and for captive use of Avaada's green hydrogen/ammonia projects. These projects will substantially reduce the carbon emissions and dependability of conventional power sources. With an estimated annual generation of 17.5 billion units of green electricity, this will lead to a reduction of approximately 16.3 million tonnes of CO2 equivalent emissions annually, contributing significantly to India's green energy supply and powering nearly 12.6 million households. Moreover, it will generate 1,200 direct and indirect jobs, thereby contributing to local and regional economic development. "This strategic partnership signifies our unwavering commitment to foster a robust, clean energy ecosystem. Besides the signing of the new 6 GW capacity in the state, we already have projects of 2 GW capacity that are operational or at various stages of implementation in the state of Gujarat," Vineet Mittal, Chairperson of Avaada Group, said in the statement. Avaada Group is into production of solar modules, renewable power generation, and the development of large-scale projects for green hydrogen, green methanol, green ammonia, and sustainable aviation fuel.

Avaada Group to invest Rs 40,000 cr to develop 6 GW hybrid renewable projects in Gujarat

French energy giant <keyword id="11344358" type="General" weightage="20" keywordseo="totalenergies" source="Orion">TotalEnergies</keyword> has invested USD 300 million in a <keyword id="34553" type="General" weightage="20" keywordseo="renewable-energy" source="Orion">renewable energy</keyword> <keyword id="6373972" type="General" weightage="20" keywordseo="joint-venture" source="Orion">joint venture</keyword> with <keyword id="4343578" type="General" weightage="20" keywordseo="adani-green" source="Orion">Adani Green</keyword> Energy Ltd. In a statement, AGEL said it completed "1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50% stake in the projects." This follows the binding agreement about the JV announced between AGEL and TotalEnergies in September 2023. The JV houses the 1,050 MW portfolio comprising a mix of already operational (300 MW), under construction (500 MW) &amp; under development assets (250 MW) with a blend of both <keyword id="45681" type="General" weightage="20" keywordseo="solar" source="Orion">solar</keyword> and <keyword id="43948" type="General" weightage="20" keywordseo="wind" source="Orion">wind</keyword> power projects in India. "Wth this transaction, TotalEnergies has reinforced its strategic alliance with AGEL and support in enabling AGEL's target of 45 GW capacity by 2030." It added.

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