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Days after a winter storm dropped ice and record-breaking snow, cleanup efforts were underway Thursday in several major Southern cities such as New Orleans, where crews were removing snow the same way they remove trash, drink cups, and plastic beads after Mardi Gras.Temperatures were gradually rising across the U.S. South, bringing hopes that remaining snow and ice would melt away.“We have to be honest with ourselveswe’re from Louisiana, we know crawfish, we know football, but we don’t really know snow and ice and that’s okay,” said Louisiana Department of Transportation and Development spokesperson Daniel Gitlin. “It’s going to go away and we’re better off letting Mother Nature do what she needs to do right now.”Up to 200 miles (320 kilometers) of interstate was expected to remain closed until Friday due to treacherous patches of black ice, Gitlin said. Louisiana has nearly run out of its salt supply after treating roads, he added.In the Big Easy, a private waste management firm has been contracted to repurpose equipment that’s typically used to clean up Mardi Gras beads and cups to clear snow from the streets.IV Waste President Sidney Torres said his company has deployed a 4,000-gallon (15,000-liter) “flusher” truck to spray water on the ground to soften the ice for removal in the historic and festive French Quarter. The truck normally sprays lemon-scented fragrance “to get rid of that funky liquor, urine, puke smell from the night before,” Torres said. “We’re finding new solutions and better techniques to dealing with this.”Arkansas sent Louisiana snowplows, dump trucks, salt spreaders, and other equipment, Louisiana Gov. Jeff Landry said.The snowfall likely broke several records across the region, including in Florida where a preliminary report of 10 inches (25 centimeters) in one town would set a new all-time record for the state, if confirmed.Snow totals reached 3 inches (8 centimeters) this week in Savannah, Georgia, the most that the state’s oldest city has recorded since December 1989.The snow was lighter in metro Atlanta, where the southern suburbs saw more snow and ice than areas north of the city. In Covington, southeast of Atlanta, Jesse Gentes used a flame thrower to deice the roads in his subdivision. In better weather, he typically uses the flame thrower for brush removal, he told WSB-TV.Light freezing rain was forecast Thursday in the port city of Brunswick and surrounding Glynn County, where local officials had imposed an overnight curfew because of icy roads and frigid temperatures. Officials opened three warming stations where people could escape the biting chill, and nearly 4,000 residents of the county were still without power Thursday afternoon, according to PowerOutage.us.South Carolina reported at least one death in the storm. A 71-year-old man died from a medical condition while shoveling snow Thursday morning in Berkeley County, Coroner Darnell Hartwell said. About 3-4 inches (8-10 centimeters) of snow fell in the area, according to the National Weather Service.The snow and ice had staying power and left a mess on the roads in coastal South Carolina. In Charleston, ice that melted and then refroze overnight closed the James Island Connector, a bridge that links the city to its western suburbs. Police said on social media that “while crews are working hard, it is unlikely to reopen soon.”Schools and county offices remained closed as officials in most areas south and east of the state capital, Columbia, asked people to stay home at least one more day.It was a similar story in North Carolina, where slick roads remained a danger to drivers after snow melted and then refroze overnight. Schools were also affected, including in Cumberland County where Fayetteville is located, where the school system announced that students would have an “asynchronous” learning day allowing students to complete assignments at home. Several other school districts operated on a two-hour delay.Some school systems in central and south Alabama remained closed Thursday because of concerns about remaining ice on roads or the possibility of frozen pipes in schools. In coastal Baldwin County, sections of Interstate 65 and Interstate 10 were shut down because of ice.Across the South, airports were gradually recovering from the weather interruption. Nationwide, about 600 flights scheduled to fly into or out of U.S. airports had been canceled by midday Thursdaya marked improvement over previous days when the storm was at its peak, according to the flight tracking service FlightAware.com. Bynum reported from Savannah, Georgia. Associated Press Writers Jeffrey Collins in Columbia, South Carolina; Makiya Seminera in Raleigh, North Carolina; Sara Cline in Key Largo, Florida; Jeff Martin in Kennesaw, Georgia; and Kim Chandler in Montgomery, Alabama, contributed. Jack Brook and Russ Bynum, Associated Press
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E-Commerce
California will spend $2.5 billion to help the Los Angeles area recover from recent deadly wildfires under a relief package signed Thursday by Democratic Gov. Gavin Newsom.Newsom signed the laws after the state Legislature approved them with bipartisan support earlier in the day. The measures include $2.5 billion for the state’s disaster response efforts such as evacuations, sheltering survivors, and removing household hazardous waste. Lawmakers also approved $4 million for local governments to streamline approvals for rebuilding homes, and $1 million to support school districts and help them rebuild facilities.“This is about distilling a sense of hopefulness,” Newsom said at a news conference in Pasadena, a city recovering from one of the destructive fires that ignited earlier this month.The aid won approval a day before President Donald Trump is set to visit California for a look at damage from the blazes. He’s suggested any federal wildfire relief should come with conditions, though congressional Republicans who represent the state have pushed back on that idea. Former President Joe Biden already approved some disaster aid for the region earlier this month.Newsom called lawmakers into a special session in November to prepare for legal battles against Trump ‘s administration. But after major fires broke out around Los Angeles, the governor shifted gears to prioritize fire relief funding. He expanded the focus of the special session to pass the recovery funding under pressure from Republican state lawmakers who said the focus on Trump was misplaced while the state dealt with the disaster.The governor said he hasn’t spoken with Trump about his visit to the state, but that he hopes to work with the president despite their political differences.Republican state Sen. Kelly Seyarto criticized Newsom for not issuing the fire relief funding on his own, but ultimately Seyarto supported the bills.He said in the future, Democrats should do a better job of working with Republicans on crafting legislation for fire response and prevention funding.“We need a plan from all of us to make sure this doesn’t happen again,” he said.The state Senate also approved $25 million Thursday to defend the state against legal challenges by the federal government, along with another $25 million in part for legal groups to defend immigrants facing possible deportation and other threats. The vote fell largely along party lines. The state Assembly would still have to pass the bills before they can reach Newsom’s desk.The largest of the recent Southern California blazes ignited on January 7, ripping through the Pacific Palisades neighborhood in Los Angeles and killing 11 people. The Eaton Fire, which broke out the same day near Altadena, has killed 17 people.The region is also now battling the Hughes Fire, which ignited Wednesday north of Los Angeles, spread more than 15 square miles (39 square kilometers), and led to evacuation orders or warnings for more than 50,000 people.State Senate President Pro Tempore Mike McGuire, a Democrat representing the North Coast, said the fires have been “nothing short of devastating.”“But we promise we have your back, and we’re going to get through this,” he said before Newsom signed the aid into law.Newsom’s administration said the state expects to be reimbursed by the federal government for the disaster relief funding.The governor also announced a commitment Thursday by 270 state-chartered banks, credit unions, and lenders to provide mortgage relief to homeowners impacted by fires in Los Angeles and Ventura counties.Assemblymember Jesse Gabriel, a Democrat from Encino and chair of the chamber’s special session budget committee, said his family was ordered to evacuate for six days while firefighters battled the Palisades Fire.The funding the Legislature passed Thursday is “the first of many steps” lawmakers will take to support wildfire survivors and to protect communities from the threat of future blazes, he said.“No community is immune from these wildfires,” Gabriel said. “That’s part of what the tragedy in Los Angeles proved to us.”__Associated Press writer Jaimie Ding in Pasadena, California, contributed to this report.-Austin is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Austin on X: @ sophieadanna Sophie Austin, Associated Press/Report for America
Category:
E-Commerce
Shares in Venture Global, Inc. are expected to make their debut on the New York Stock Exchange (NYSE) after the company raised $1.75 billion in its initial public offering. Venture global’s IPO is the largest public offering ever for a liquefied natural gas (LNG) producer and comes at what may be one of the most opportune times for the companyimmediately after Donald Trump has returned to the presidency with the intention of unleashing Americas energy-producing potential. Heres what you need to know about Venture Global and its IPO. What is Venture Global, Inc? Venture Global is a producer of liquified natural gas (LNG). It was founded in 2013 and currently has five liquified natural gas projects in various stages of production, reports Reuters. Those projects are all located in the Gulf of Mexico, near Louisiana. Besides LNG production, Venture Global is also in the business of natural gas transportation and regasification. The companys first facility, called Calcasieu Pass, started producing LNG in January 2022. A second facility, called Plaquemines LNG, began LNG production last month, in December 2024. Venture Global is the second-largest LNG exporter in the United States. Venture Global is one of the companies expected to benefit after President Trump signed an executive order earlier this week that ended a moratorium on new export permits for liquified natural gas. The executive order was a move to boost Trumps desire to increase Americas energy production. A reduced public offering Venture Globals public offering makes it the largest liquified natural gas IPO ever on a global scale, notes Reuters. It is also the third-largest energy and utility sector public listing in the United States since 1995. However, the company was forced to almost halve its sought valuation after investors doubted its long-term profit estimates for its export business. Originally, the company sought to sell 50 million shares for between $40 and $46 each, which would have given Venture Global a valuation of as much as $110 billion. Instead, the company settled on selling 70 million shares for a revised range of $23 to $27 per share. On Thursday, the company announced that shares were priced at $25 apiece. When is Venture Globals IPO? Venture Global priced shares on Thursday. It expects to begin trading today: Friday, January 24, 2025. What is Venture Globals stock ticker? Venture Globals stock will trade under the ticker VG. Which exchange will Venture Global shares trade on? Venture Global shares will trade on the New York Stock Exchange (NYSE). What is the IPO share price of VG? Venture Globals IPO share price is $25, which is in the middle of its revised $23 to $27 price range. How many VG shares are available in its IPO? Seventy million shares of its Class A common stock were made available in its IPO. How much will Venture Global raise in its IPO? At $25 per share, Venture Global raised $1.75 billion in its initial public offering. That was down from the $2.3 billion it sought to raise before its IPO price revision. What is Venture Globals valuation? As of its IPO, Venture Global had a total valuation of $60.5 billiondown from the $110 billion valuation it would have had if it had not revised its original IPO plans. What else is there to know? Some experts expect the U.S. IPO market to ramp up this year following Trump’s return to the White House. Lynn Martin, president of NYSE, expressed optimism around Trump’s “pro-growth agenda” this week at the World Economic Forum meeting in Davos, Switzerland, according to Bloomberg. However, uncertainties such as inflation and the impact of tariffs remain.
Category:
E-Commerce
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