Jun 4, 2018 - Economy & Business

Charah preps IPO as Trump preps coal and nuclear bailout plan

Dan Primack, author of Pro Rata

Coal-fired power plant in Cheswick, Pennsylvania. Photo by Robert Nickelsberg/Getty Images

Chara Solutions, a Kentucky-based provider of environmental and maintenance services to coal and nuclear power plants, on Monday set terms for an IPO that is expected to price later this month. At the $17 per share midpoint, it would have an initial market cap of $511 million.

Big picture: This comes just after President Trump asked the Department of Energy to prep a landmark economic aid package for troubled coal-fired and nuclear power plants (i.e., many of Charah's target customers).

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Marisa Fernandez
14 mins ago - Health

Florida fully lifts coronavirus restrictions on restaurants

Photo: Don Juan Moore/Getty Images

Florida Gov. Ron DeSantis (R) announced Friday the state will completely reopen its economy, allowing restaurants at operate full capacity and barring localities from ordering businesses to close.

Why it matters: The state became one of the world's epicenters for the virus in July, forcing DeSantis to pause its first round of reopening.

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Joann Muller, author of Navigate
1 hour ago - Economy & Business

Eyeing the end of gas-powered cars

Illustration: Eniola Odetunde/Axios

Gasoline-powered cars may be going the way of the woolly mammoth, even if it will take decades to replace them and seems hard to fathom today.

The big picture: Internal combustion engines (ICEs) have powered automobiles for more than 100 years. But the shift to electric vehicles, slow to materialize at first, is now accelerating due to tightening government policies, falling costs and a societal reckoning about climate change.

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Orion Rummler
3 hours ago - Politics & Policy

Virginia Gov. Ralph Northam tests positive for coronavirus

Photo: Zach Gibson/Getty Images

Virginia Gov. Ralph Northam (D) and his wife, Pamela, both tested positive for coronavirus, his office announced on Friday.

The state of play: The Northams were tested after one of their staff "who works closely within the couple's living quarters" tested positive. The governor is asymptomatic, while his wife is "experiencing mild symptoms." They plan to isolate at home for 10 days.

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