At Least 30 Dead After High-Speed Train Collide South Of Madrid

FERC Rejects ComEd's Cancellation Of $20 Billion Data Center Contract By Ethan Howland of UtilityDive The Federal Energy Regulatory Commission on Tuesday rejected Commonwealth Edison’s “notice of cancellation” of a transmission security agreement, or TSA, for a 1.8-GW, $20-billion data center PowerHouse Hillwood Holding is developing in Joliet, Illinois. In part, the contract dispute centers on the TSA’s credit support requirements. PowerHouse Hillwood contends it met the agreement’s initial credit requirements via a $1 posting, according to FERC’s decision. The dispute is pending in the US District Court for the Northern District of...

Minority Leader Jeffries Drops The Mask, Signals Democrats Are Coming For The Court Hakeem Jeffries has developed a habit of saying out loud what his party once preferred to keep vague. Hakeem Jeffries (photo: Anna Moneymaker, Getty) Speaking at the National Association of Black Journalists convention in Atlanta, the House minority leader told the audience that Democrats see "[a] variety of different options that are on the table, and I think we can't foreclose on any single one of them" when it comes to the Supreme Court. The options under discussion include...

SpaceX Credit Risk Hits New High As AI Debt Binge Fears Spook Bondholders SpaceX's proposed $40 billion chip-collateralized financing for Nvidia AI chips, reported overnight by the Financial Times, has restarted concerns over the pace of its debt-funded expansion, which as we discussed last night, , is starting to flash a dangerous shade of red: despite raising a record $86 billion in its June IPO, Elon Musk's rocket and AI company's growing financing needs are weighing on sentiment, with its 2056 bonds sliding and five-year credit default swaps surging. After selling...